2020 Tekkatho Foundation TRUSTEES, REPORT & ACCOUNTS
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TABLE OF CONTENTS
OVERVIEW
| OVERVIEW | |
|---|---|
| Tekkatho Foundation at a Glance | 4 |
| TRUSTEES' REPORT | |
| Our Impact | 6 |
| Our Activity | 8 |
| STRUCTURE | |
| Governance Statements | 10 |
| Board of Trustees | 11 |
| FINANCIAL REPORT | |
| Independent Examiner's Report | 12 |
| Statement of Trustees Responsibilities | 13 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15 |
| Statement of Cash Flows | 16 |
| Notes to the Financial Statements | 17 |
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TEKKATHO FOUNDATION AT A GLANCE
WHAT WE DO
The Foundation uses digital technologies to support educational change across Myanmar. We build free, selfcontained digital libraries of educational resources that the current generation of students can use right away.
Our local hosting model means that people can dependably access the eTekkatho library content at high speed from within the library building even when connectivity is poor. In this way, we provide young people with fast and easy access to a wealth of learning opportunities.
Our mission is to advance the education, particularly but not exclusively, of the people of Myanmar (Burma), including by:
(a) providing digital libraries and other education infrastructure in areas of limited or no internet connectivity;
(b) promoting exchanges, teaching placements and research partnerships between educational institutions and international partners.
We also run programmes of face-to-face training to introduce librarians and students to the availability and content of digital resources and build their IT and information literacy skills.
Today's students, who will play such a key role in the economic, social and political future of Myanmar, often struggle to gain a relevant education in institutions that lack the tools they need to deliver a strong learning environment. Our projects deliver quick, effective solutions to this problem.
We believe that improved access to resources in education will transform minds and opportunities, powering society and enabling more fulfilling lives. eTekkatho can be a driver of change right across Myanmar. We aim to strengthen education across the whole country so young people can benefit from the opportunities digital technologies bring wherever they study.
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DIGITAL LIBRARY LOCATIONS
TRUSTEES' REPORT IMPACT
For the year ended 30 September 2020
OUR COVID-19 RESPONSE
Learning with MyLibrary at Maung Phyar Basic Education School, Nov 2019
We build and deliver MyLibraries: free, self-contained digital libraries designed for teachers and learners in Myanmar. Each MyLibrary capsule is packed with thousands of educational resources, the best of the web adapted for offline environments. These include video lessons, textbooks and assessments as well as exploratory materials like games and quizzes.
As part of our COVID-19 response, we have added practical healthcare materials to help communities with no internet or phone signal and limited medical facilities to prevent, contain and treat COVID-19. These include step-by-step guides on making face-masks and maintaining hand hygiene, public information posters and videos for children in a dozen Myanmar languages, as well as a complete course from John Hopkins University on the science and clinical presentation of COVID-19 and community health interventions such as contact tracing to reduce transmission.
To keep children learning, we re-structured key sections of the MyLibrary content to make the transition to home-based learning a little easier. We added the new national curriculum materials and supporting teaching resources organised by schoolgrade for use at home.
MyLibrary works off-grid but is completely portable and content can be updated locally whenever the MyLibrary is connected to the internet.
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MyLibrary training event at Tagaung Youth Development Center,, Dec 2019
NEW LIBRARY INSTALLATIONS
Early in the reporting year, a major new eLibrary installation took place at Health and Hope in Lailenpi. High up in the Chin Mountains, Health and Hope brought the first primary healthcare service to the rural areas of southern Chin State and runs the Education for All project from its education centre in Lailenpi. There is no mains electricity or internet in the region, but working in partnership with SolarLEAP, we installed a brand new eLibrary at the education centre. At the heart of the eLibrary is a Tekkatho Foundation MyLibrary, packed full of thousands of educational resources that can be accessed, explored and downloaded offline. SolarLeap provided solar panels and 20 computers, so students can access the MyLibrary and browse the resources.
“With the eLibrary, it is really a dream come true for us”, says Health and Hope CEO Dr Sakie “It feels like a miracle. We are very excited to teach the students. Here, one of the problems has been no resources. Now we have books in Burmese and English, all free, and you can access a lot of different topics. I think it is really a big opportunity for the students.”
And Teacher U Theisasa told us, “The eLibrary is a very good thing for me. There was no library in our town. Now we have not an ordinary library with bookshelves but an eLibrary. With the eLibrary, finding books is easy and convenient to read. The students can learn skills and improve their knowledge.”
With the support of Learning Equality, we set-up four new digital libraries at Myaung Phyar Primary School in Magway Division, Shwe Mya Yar High School in Hmawbi Township, Myat Htarawa community library at Hlegu Township and Tagaung Youth Development Center near Mandalay “We are happy to use this” said one Grade 9 student “We thank you for giving us this new experience.”
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TRUSTEES' REPORT ACTIVITY
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For the year ended 30 September 2020
Students
learning with
MyLibrary at
Maung Phyar
New eLibrary
Basic Education
at Taunggok
School
Degree College
November 2019
January 2020
Students
learning with
MyLibrary at
No-9 Basic
Education
Training at
Primary School,
Taunggok
Hpa-An
Degree College
February 2020
February 2020
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During the reporting period, our reach has extended to more marginalised communities. We have distributed 13 new MyLibrary devices. School closures and travel restrictions due to COVID-19 have affected the number of planned installations. However, we are pleased to report that new MyLibraries have been set up at schools and community libraries in Magway, Mandalay and Yangon regions. There is also a new MyLibrary installation at Health and Hope in Chin State and at the National Library in Yangon.
Five MyLibrary devices were delivered to the Norwegian Refugee Council in Rakhine State. Once schools re-open, these will provide local children with a mobile digital offline library service. The Council also plan to use the MyLibraries to provide young adults with vocational training and life skills.
Learning Equality generously renewed our Kolibri Hardware grant, and we set up four new eLibraries with these funds. However, further installations were put on hold as schools nationwide were closed to prevent the spread of COVID-19.
We participated in the Open University’s Transformation by Innovation in Distance Education project, part of a UK Foreign, Commonwealth & Development Office initiative to strengthen higher education in transitioning countries. The Tekkatho Foundation ran a pilot project to deliver resources to university partners with little or no internet connectivity, and advised on the TIDE ICT Roadmap.
Our year-on-year income increased by 84% to £22k with a significant diversification of income sources and a notable growth in donations from individuals (up 422%). However, fundraising became significantly more challenging towards the end of the reporting period due to the pandemic, and we anticipate a reduction in income and reserves in the next financial year. As a result the trustees have put in place a series of measures to reduce our operating costs. Reserves at the year-end were £24,522 (2019: £20,061) comprising restricted funds of £11,502 (2019: £13,046) and unrestricted funds of £13,020 (2019: £7,015). Trustees assessments of our going concern and our reserves policy are on page 17.
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The British Council librarian in Hpa-an takes MyLibrary on tour to local primary schools, February 2020
EDUCATION TRAINING ATTENDEES
1,623
We have run 26 training courses during the reporting year, directly reaching over 1,600 learners, educators and librarians at eTekkatho partner institutions. This is a smaller number than the previous reporting year due to school closures and travel restrictions as a result of the virus control measures.
ACCESS
+6
NEW LOCATIONS
In the reporting year, we added 6 new MyLibraries to our network, at 1 national library, 2 community libraries, 1 primary school and 2 high schools.
REACH
66
DIGITAL LIBRARIES
Including locations from previous years we now have 66 digital libraries operating. There is an Tekkatho Foundation digital library in every state in Myanmar. Locations include universities, schools, IDP camps and community libraries.
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TRUSTEES' REPORT GOVERNANCE STATEMENTS
For the year ended 30 September 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Account and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
ENSURING OUR WORK DELIVERS OUR AIMS
We review our aims, objectives and activities each year to ensure they benefit the groups of people we are set up to help. This review looks at what we have achieved and the outcomes of our work over the 12 month period 1 October 2019 to 30 September 2020.
When reviewing our aims and objectives and in planning our future activities, we have referred to the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of education.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
GOVERNING DOCUMENT
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES
The power of appointment and removal of trustees is vested in the existing trustees.
ADMINISTRATIVE DETAILS
Registered Company Number 09200061 (England and Wales)
Registered Charity Number 1160640
Registered Address
Holyoake House Hanover Street Manchester M60 0AS
Company Secretary
P Murphy
contact@tekkatho.foundation
Approved by order of the board of trustees on 12 July 2021 and signed on its behalf by:
Website
www.tekkatho.foundation
Bankers
The Co-operative Bank P.O. Box 250, Skelmersdale Merseyside, WN8 6WT
P A Murphy - Trustee
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BOARD OF TRUSTEES
DR CELIA RUSSELL
Chair of Trustees
Celia has a longstanding interest in how digital technologies can be used to advance education in developing regions, having previously worked for Jisc and the University of Manchester building digital infrastructures for the higher education community.
ED NASH
Trustee
Ed is International Strategy Officer for the University of Oxford. He previously worked international communications roles, and prior to that as a journalist in the UK and China. He holds an MA from the University of St Andrews and an MSc in Comparative Public Policy.
PAUL MURPHY
Trustee and Company Secretary
Paul leads on the technical strategy and the development of the technology behind eTekkatho. He is also Head of Digital at Co-operatives UK, holds an MSc in Technology Management and is a member of the British Computer Society.
MAY THA-HLA
Trustee
May Tha-Hla is a co-founder and trustee of Helping the Burmese Delta, She has extensive experience in running practical projects that bring about change on the ground and over the years her work has helped improve the life chances of tens of thousands of people in Myanmar.
DR KHIN MAR MAR KYI
Trustee
Khin Mar Mar Kyi is a documentary filmmaker and anthropologist specialising in issues of gender equality, sustainable development and peace.
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FINANCIAL REPORT INDEPENDENT EXAMINER'S REPORT
For Year 2019/20
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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The accounts do not accord with those records; or
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The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Christy Lau FCCA CTA DChA Slade and Cooper Ltd Beehive Mill Jersey Street Manchester M4 6JG
Date: 12 July 2020
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FINANCIAL REPORT STATEMENT OF THE TRUSTEES RESPONSIBILITIES
For the year ended 30 September 2020
The trustees (who are also the directors of Tekkatho Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
In preparing those financial statements, the trustees are required to
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charity SORP;
-
Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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FINANCIAL REPORT STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 30 September 2020
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Unrestricted Restricted 2020 Total 2019 Total
Notes
fund fund funds (£) funds (£)
Donations and legacies 3 6,904 - 6,904 12,928
INCOME FROM Charitable activities: 4 5,965 19,980 25,945 4,747
Digital libraries
Total income 12,869 19,980 32,849 17,675
Charitable activities:
5 6,864 21,524 28,388 49,780
EXPENDITURE ON Digital libraries
Total expenditure 6,864 21,524 28,388 49,780
NET INCOME/EXPENDITURE 7 6,005 (1,544) 4,461 (32,105)
Transfer between funds - - - -
NET MOVEMENT IN FUNDS 6,005 (1,544) 4,461 (32,105)
RECONCILIATION OF FUNDS Total funds brought forward 7,015 13,046 20,061 52,166
TOTAL FUNDS CARRIED FORWARD 13,020 11,502 24,522 20,061
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes form part of these financial statements
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FINANCIAL REPORT BALANCE SHEET
At 30 September 2020
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Notes 2020 2019
Tangible assets 11 9,658 4,229
FIXED ASSETS
Total fixed assets 9,658 4,229
Debtors 12 2,341
CURRENT ASSETS
Cash at bank and in hand 13 13,303 15,832
Total current assets 15,644 15,832
LIABILITIES Creditors: amounts falling due in less than one year 14 (780) -
NET CURRENT ASSETS 14,864 15,832
TOTAL ASSETS LESS CURRENT LIABILITIES 24,522 20,061
NET ASSETS 24,522 20,061
FUNDS Restricted income funds 15 11,502 13,046
Unrestricted income funds 16 13,020 7,015
TOTAL FUNDS 24,522 20,061
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For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small
companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes form part of these accounts.
Approved by the trustees on 12 July 2021 and signed on their behalf by:
C Russell - Trustee
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FINANCIAL REPORT STATEMENT OF CASH FLOWS
For the year ended 30 September 2020
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2020 2019
Notes
(£) (£)
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES 18 2,900 (32,105)
Cash flows from investing activities:
Proceeds from sale of tangible fixed assets 5,430 12,378
Purchase of tangible fixed assets (10,859) (15,416)
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES (5,429) (3,038)
Increase/(decrease) in cash and cash equivalents in the year (2,529) (35,143)
Cash and cash equivalents at the beginning of the year 15,832 50,975
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 13,303 15,832
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FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2020
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
BASIS OF PREPARATION
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Tekkatho Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
PREPERATION OF THE ACCOUNTS ON A GOING CONCERN BASIS
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
The trustees have made no key judgments which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
RESERVES
The charity aims to hold 3-months of operational expenditure in reserve. We consider reserves to be that part of our income funds that are freely available for operating purposes not subject to commitments, planned expenditure and spending limits. We do not include endowment funds, restricted funds or designated funds in our reserves.
INCOME
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
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FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
DONATED SERVICES AND FACILITIES
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
INTEREST RECEIVABLE
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
FUND ACCOUNTING
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
EXPENDITURE AND IRRECOVERABLE VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
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Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
TANGIBLE FIXED ASSETS
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives.
DEBTORS
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
CASH AT BANK AND IN HAND
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
CREDITORS AND PROVISIONS
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
FOREIGN CURRENCIES
Transactions entered into in currencies other than sterling are included in the accounts after conversion at the bank rate in force on the date.
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2. LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 10.
3. INCOME FROM DONATIONS AND LEGACIES
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Unrestricted Restricted Total
(£) (£) (£)
Donations 6,904 - 6,904
CURRENT REPORTING PERIOD
Total 6,904 - 6,904
Donations 12,928 - 12,928
PREVIOUS REPORTING PERIOD
Total 12,928 - 12,928
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4. INCOME FROM CHARITABLE ACTIVITIES
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Unrestricted Restricted Total
(£) (£) (£)
Learning Equality - 6,730 6,730
Open University - 13,250 13,250
CURRENT REPORTING PERIOD
Norwegian Refugee Council 5,965 - 5,965
Total 5,965 19,980 25,945
Learning Equality - 4,747 4,747
PREVIOUS REPORTING PERIOD
Total - 4,747 4,747
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5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
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Total 2020 Total 2019
(£) (£)
Staff and consultants 17,773 28,851
Digital library equipment 5,430 12,378
Travel expenses 690 2,597
Other expenses 3,041 2,696
Governence costs (see note 6) 780 -
CURRENT REPORTING PERIOD
Support costs (see note 6) 674 3,258
Total 28,388 49,780
Restricted expenditure 21,524 42,252
Unrestricted expenditure 6,864 7,528
Total 28,388 49,780
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6. ANALYSIS OF GOVERNANCE AND SUPPORT COSTS
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Support Governance Total
(£) (£) (£)
Administration costs 657 - 657
Equipment 17 - 17
CURRENT REPORTING PERIOD
Accountancy services - 780 780
Total 674 780 1,454
Administration costs 819 - 819
Insurance 1,845 - 1,845
PREVIOUS REPORTING PERIOD
Equipment 594 - 594
Total 3,258 - 3,258
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7. NET INCOME/EXPENDITURE FROM THE YEAR
This is stated after charging/(crediting):
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2020 2019
(£) (£)
- -
Depreciation
Independent examiner's fee
Independent examination 200 -
Accountancy 450 -
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8. STAFF COSTS
The total employee benefits of the key management personnel of the charity were £nil (2019: £nil).
9. TRUSTEE REMUNERATIONS AND EXPENSES, AND RELATED PARTY TRANSACTIONS
Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2019: Nil).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2019: nil).
10. CORPORATION TAX
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
11. FIXED ASSETS: TANGIBLE ASSETS
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Library Total
equipment (£) (£)
At 1 October 2019 4,229 4,229
Additions 10,859 10,859
COST
Disposals (5,430) (5,430)
At 30 September 2020 9,658 9,658
At 1 October 2019 - -
- -
Charge for the year
DEPRECIATION
- -
Disposals
- -
At 30 September 2020
At 30 September 2020 9,658 9,658
NET BOOK VALUE
At 31 September 2019 4,229 4,229
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Note: some purchases are from the restricted funds which have not yet been deployed due to Covid-19 disruption.
12. DEBTORS
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2020 2019
(£) (£)
Other debtors 2,341 -
Total 2,341 -
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13. CASH AT BANK AND IN HAND
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2020 2019
(£) (£)
Cash at bank and on hand 13,303 15,832
Total 13,303 15,832
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14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2020 2019
(£) (£)
Other creditors and accruals 780 -
Total 780 -
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15. ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS
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Balance at 1 Income Expenditure Transfers Balance at 30
October (£) (£) (£) (£) September (£)
Omidyar 8,724 - (8,724) - -
Learning Equality 4,322 6,730 - - 11,052
CURRENT REPORTING
PERIOD
TIDE - 13,250 (12,800) - 450
Total 13,046 19,980 (21,524) - 11,502
Omidyar 50,551 - (41,827) - 8,724
PREVIOUS REPORTING
Learning Equality - 4,747 (425) - 4,322
PERIOD
Total 50,551 4,747 (42,252) - 13,046
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Name of restricted fund Description, nature and purposes of the fund
A multi-year grant beginning in 2016, issued by The Omidyar Network, to support the expan-
Omidyar
sion of the Tekkatho Foundation's eTekkatho Digital Library project.
A two year grant restricted to the purchase of hardware for 10 new digital library locations.
Learning Equality
Issued by Learning Equality Inc under their Kolibri grants programme.
Administered by the Open University, the Transformation by Innovation in Distance Education
Transformation In Distance project is part of a UK Foreign, Commonwealth & Development Office initative to strengthen
Education (TIDE) higher education in transitioning countries. The purpose of the fund is to deliver resources to
university partners with little or no internet connectivity.
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16. ANALYSIS OF MOVEMENT IN UNRESTRCITED FUNDS
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Balance at 1 Income Expenditure Transfers Balance at 30
October (£) (£) (£) (£) September (£)
General fund 7,015 12,869 (6,864) - 13,020
CURRENT REPORTING
PERIOD
Total 7,015 12,869 (6,864) - 13,020
General fund 1,615 12,929 (7,529) - 7,015
PREVIOUS REPORTING
PERIOD
Total 1,615 12,929 (7,529) - 7,015
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Name of unrestricted fund Description, nature and purposes of the fund
General fund The free reserves after allowing for all designated funds
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17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
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General fund Designated Restricted Total
(£) funds (£) funds (£) (£)
Tangible fixed assets - - 9,658 9,658
CURRENT REPORTING
Net current assets/(liabilities) 13,020 - 1,844 14,864
PERIOD
Total 13,020 - 11,502 24,522
Tangible fixed assets 4,229 - - 4,229
PREVIOUS REPORTING
Net current assets/(liabilities) 2,786 - 13,046 15,832
PERIOD
Total 7,015 - - 20,061
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18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
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2020 2019
(£) (£)
NET INCOME/EXPENDITURE FOR THE YEAR
4,461 (32,105)
ADJUSTMENTS FOR:
-
Decrease/(increase) in debtors (2,341)
Increase/(decrease) in creditors 780 -
NET CASH PROVIDED BY/(USED IN) OPERATING 2,900 (32,105)
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