Travelteer Impact Charlty No. 1168026 Trustees, Report and Unaudited Accounts 30 September 2023
Travelteer Impact Contents Pages Ito6 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts IOto16 Statement of Cash flows 17 Detailed Statement of Financial Activities 18to19 PaRe I
Travelteer Impart Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2023. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1168026 Principal Office 28 Gordon Road West Bridgford Nottingham NG2 5LN Trustees The following trustees served during the year.. L.G. Storrie L.R. Tranfield Accountsnts AccumulLts Accountancy Ltd 2nd Floor 4 Finkin Street Grantham NG316QZ OBJECTIVES AND AcfiviTIES To advance in life, relieve the needs of and help the disadvantaged and under-privileged children and young adults in South East Asia in particular by proving aid, relief and support with their educational development. To promote the conservation* protection & improvement of the environment including the conservation of endangered wildlife and their habitats in South East Asia. To promote humane behaviour towards animals in South East Asia by providing or supporting the provision of appropriate care, protection, treatment and security for animals in need and attention. To further such other charitable purposes (charitable under EnElish Lawl for the benefit of communities in need of support and assistance in South East Asia as the Trustees see fit from time to time. Statement of tnistee5' re5pon5ibilities In relatlon to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generallv Accepted Accounting Practice). Page 2
ACHIEVEMENTS 2023 Marine & Wildlife Conservatlons Development Turtle Hatchery Developed and continued to supportTURTLE SANCTUARY & REHABILITATION CENTRE, WELLABADA. Cover all staff payment and have taken on 2 new full time local staff. Cover all food and maintenance costs. Built 2 more turtle tanks to house injured turtles and hatthling5. Released over 1700 turtles into the ocean. Helped successfully rehabilitate 25 injured turtles and release back into the ocean. Constructed new toilet block for staff and visitors at the hatchery. Built new roofing for hatchery Beach Clean S tonnes of rubbish collected from beaches on Sri Lankan South coast Tree Planting Developed new tree nursery alongslde government authorities, to grow indigenous trees for planting. Over 200 tree5 planted into the rainforest. Agrlculture Project Maintaining several agriculture sites around Hikkaduwa to help supply local communltie5 and Schools with free frult and vegetables. Coral Restoration After identlfying key areas for coral restoration and gaining approval from Sri Lankan authorltles, Travelteer has launched its Coral Restoration programme on the South Coast. Engllsh Development Thotugamuwa School Free school lesson programme. Organised Teacher training days. Seenigama School Free school le550n programme. Organlsed Teacher tralnlng days. Hope Pre-school Organised and funded end of year ceremony community event. Addltlonal free afterschool community le550n5. Free s¢hool lesson programme. Organi5ed Teacher trainlng day5 Hope Project Private lessons Mind Earden Private lessons Disabled school Full classroom renovatlon. School donatSons for addltlonal support equipment. Akkarravisa School Full classroom renovation and equipment donation. Free school le550n programme. Organised Teacher training days. Akurala School Full classroom renovatlon and equlpment donatlon. Free school lesson programme. Organised and funded school tour to educational and religious sites. Hikkaduwa School Full classroom renovation and equipment donation. Free school lesson programme. Page 3
Sports Development Thotugamuwa School Free PE lesson programme. Sports equipment donation. Continued sport5 field mainterbance. Akkarravisa School Full playing field renovation and sports equipment donation. Free PE lesson and after school programme. Seenigama School Free PE lesson programme. Sports equipment donation. Continued 5POrts field maintenance. After school programme. Rugby Club School rugby programme continues to run at 5 different schools and equipment donations. Devapathiraja School After school programme and school donation. Equipment donations Football Club After school football programme ran in Hikkaduwa area. Playing field renovated and maintained. Textile5 & Design Outfitters Palm Project building. Hope Project Continued support of local women training programme. Additional Batik training programme provided. On-going support of local initiatives. Installation of weaving machines and traininE programme. Maintenance and renovation of project Medlcal Elective & Mental Health Karapitiya hospital Akurala hospital Ayurweda Centre Madampe Clinic Godagama Clinic Donations to hospital Donations to hospital Centre renovation project. Additional donation5 to Centre for equipment. Clinic renovation project. Donations to clinic. Clinic renovation project. Donations to clinic. Comrnunity Development Agriculture project 12 Plastic Green houses built. Employment of local technicians for on-going agriculture support. School lunch scheme Free school lunches for 230 students. School Education programme Free English and PE lesson programme. Sports and education equipment donations to 3 schools. Solar Panel Sights Donated throughout mountain communities. Page 4
Atlas Outreach Agrlculture project Implemented sustainable farming and agriculture initiatives including building drip irrigation system5 and water pipelines. Construction project 8uilt 2 school toilet blocks Renovated school kitchen Renovated 3 school classrooms School Education programme Free English and PE lesson programme. Sports and education equipment donations to 4schools. Volunteer support Financial support Fin3ncially supported 247 young adults to volunteer overseas in Sri Lanka, Morocco and Nepal. Page 5
Travelteer Impact Trustees Annual Report The trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities IAccounts and Reports) Regulations, and the provision5 of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable step5 for the prevention at)d detection of fraud and other irregularities. signed on behalf of the charity's trustees L.R. Tranfield Trustee 09July2024 PaRe 6
Travelteer Impart Independent Examlners Report Independent Examiner's Report to the trustees of Travelteer Impact I report to the trustees on my examlnatlon of the financial statements of Travelteer Impact for the year ended 30 September 2023. Responsibilitles and basis of report A5 the charity's trustees you are responsible for the preparation of the finantial statements in accordance with the requirements of the Charlties Act 20111'the Act'l. I report in respert of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrylng out my examlnation I have followed all the applicable Directlons glven by the Charity Commission under sertlon 14515llbl of the Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connectlon wlth the examination giving me cause to believe that in any material re5pert'. the accountSn8 retords were not kept in respect of the charity as requlred by sectlon 130 of the Act; or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concernlng the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial 5taternent5 8ive a 'true and fair, view which is not a matter considered as part of an independent examlnatS0n. 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 financial statements to be reached. Mike Hurst A4T Accumulus Accountancy Ltd 2nd Floor 4 Finkin Street Grantham NG316QZ 09July 2024 Paoe 7
Travelteer Impact Statement of Financial Activities for the year ended 30 September 2023 Unrestrirted funds Totsl funds Total funds 2023 2023 2022 Notes Income and endowments from: Charitable activities 121,824 121.824 92.008 Total 121,824 121,824 92,008 Expenditure on: Raising funds Charitable activities Other 6,578 109,085 16.449 6,578 109,085 16,449 5,441 71,042 27,434 Total 132,112 132,112 103.917 Net gains on investments Net expenditure Transfer5 between funds 110,2881 110,2881 111,9091 Net expendlture before other gains/l1055e51 110,2881 110,2881 111.9091 Other gains and losses Net movement in funds 110,2881 110,2881 111.9091 Reconciliation of funds: Total funds brought forward 37,933 37,933 49,842 Total funds carried forward 27,645 27,645 37,933 Paoe 8
Travelteer Impart Balance Sheet at 30 September 2023 Charity No. 1168026 2023 2022 Fixed assets Tangible assets 180 239 180 239 Current assets Debtors Cash at bank and in hand io 1,568 26,945 28,513 11,0481 27,465 1,568 37,056 38,624 19301 Creditors: Amount falling due within one year Net current assets li 37,694 Total assets less current Ilabllltles 27,645 37,933 Net assets excluding pension a55et or liability 27,645 37,933 Total net assets 27,645 37,933 The funds ofthe charlty Restricted funds Unrestrirted funds General funds 12 12 27,645 37,933 27,645 37,933 ReseNes 12 Total funds 27,645 37,933 Approved by the trustees on 09 July 2024 And sign d on their behalf by: L.G. Storrie Trustee 09 July 2024 Page 9
Travelteer Impact Notes to the Accounts for the year ended 30 September 2023 l Accounting policles Basi5 of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the atcounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accoLsnts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustee5 for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with Sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donation5 and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to whith it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gain511105ses1 on This includes any gain or10ss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llosse51 on investment assets This includes any gain or loss on the sale of investments. Paqe 10
Travelteer Impact Notes to the Accounts Expenditure Recognition of expenditure Expenditure 15 recognised on an accruals basls. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising furid5 trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, intluding the making of grants and governance costs. All Brant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Tangible fixed a55ets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.. Equipment 25% Reducing balance Freehold investment property Investment properties are measured initially at C05t and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net reaSi5able value. Donated items of stock are recogF)ised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other 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 and cash equivalents Cash and cash eqLJivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investment5 Wlth original maturities of three months or less and bank overdrafts. In the statement of f1nancial positiors, bank overdrafts are shown within borrowings or currènt liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. PaRe 11
Travelteer Impart Notes to the Accounts Trade and other creditors Short term creditors are measured at the transaction price. Other 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. Research and development Expenditure on research and development 15 written off in the year in which it is incurred. Forelgn currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substsntially all the risks and rewards of ownership to charity are classified s operating leases. Assets held under finance lease5 are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included irb the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expense5 and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recogni5ed as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further paymersts obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charitv. PaRe 12
Travelteer Impact Notes to the Accounts 2 Staternent of Financial Actlvlties - prior year Unrestricted funds Total fund5 2022 2022 Incorne and endowrnent5 from: Charitable activities 92,008 92,008 Total 92,008 92,008 Expendlture on: Raising funds Charitable activities 5,441 71,042 27,434 5,441 71,042 27,434 Other Total 103,917 103,917 Net Income 111,9091 111,9091 Net Income before other gain5111055es) Other gains and losses: Net movement In funds 111,9091 111,9091 111,9091 111,9091 Reconciliation of funds: Total funds brought forward Total funds carried forward 49,842 49,842 37,933 37,933 3 Income from charitsble artivities Unrestricted Total Totsl 2023 2022 Just Giving Direct Donations 114,534 7,290 121,824 114,534 7,290 85,047 6,961 121,824 92,008 4 Expenditure on raising funds Unrestrlcted Total Total 2023 2022 Cost5 of generating voluntary income 4,093 4,093 Fundraising troding costs 2,485 6,578 2,485 6.578 5,441 5,441 PaRe 13
Travelteer Impact Notes to the Accounts S Expenditure on charitable artivities Unfe5trlrted Total Total 2023 2022 Expenditure on choritoble artivities Just Giving Direct Donatlons 31,063 47,498 13,707 16,817 31,063 47,498 13,707 28,484 27,176 1,008 16,817 14,374 Govern¢7nce costs 109,085 109,085 71,042 6 Other expendbture Unrestrlcted Total Totsl 2023 2022 Charltable Donation to partner charity Other interest payable Employee costs Motor and travel costs 598 598 480 118 118 1,458 2,354 7,340 1,4S8 2,354 7,340 8,272 4,154 7.161 Premlses costs Amortlsation, depreclatlon, Impairment, profit/1055 On disposal of fixed a55et5 General administrative costs 59 59 79 4,522 4,522 5,981 1,307 27,434 Legal and professional costs 16,449 16,449 7 Net expendlture before transfers 2023 2022 This is stated after charging.. Depreciation of owned fixed assets 8 Staff c05t5 59 79 2023 2022 Salaries and wages Pension costs 1,458 7,999 273 1,458 8,272 No employee received emoluments in excess of £60,000. Pa£e 14
Travelteer Impact Notes to the Accounts 9 Tangible fixed assets Equipment Total Cost or revaluation At l October 2022 At 30 September 2023 Depreciation and impairment At l October 2022 Depreciation charge for the vear At 30 September 2023 Net book values 750 750 750 750 511 511 59 59 570 570 At 30 September 2023 At 30 September 2022 10 Debtors 180 180 239 239 2023 2022 Other debtors I,S68 1,568 1,568 1,568 11 Credltors: amounts falling due within one year 2023 2022 Accruals 1,048 1.048 930 930 12 Movement in fund5 Incoming resources At30 lincludlng other gainsllos5es Resources expended September 2023 At l Ortober 2022 Restricted funds: Unrestrlcted funds: General funds 37,933 121,824 1132,1121 27,645 Total funds 37.933 121,824 1132,1121 27,645 Paoe 15
Travelteer Impart Notes to the Account5 13 Analysis of net assets between funds Unrestricted funds Totsl Fixed assets Net current assets 180 180 27,465 27,645 27,465 27,645 14 Reconciliatlon of net debt At30 Septernber 2023 At l October 2022 Cash flows Cash and cash equivalents 37,056 37,056 iio,iiii iio,iiii 26,945 26,945 Net debt 37,056 iio,iiii 26,945 15 Commltments Operntlnq leose commltments Annual commitments under non-cancellable operatln8 leases are as follows.. 2023 Land and bulldlngs 2023 2022 Land and bulldlngs 2022 Other Other Operatlng leases wlth explry date,. Penslon commltments 2023 2022 The pension cost charge to the charity amounted to.. 273 16 Related party d15closures 2023 2022 Transortlons wlth reloted partles Name of related party Travelteer Limited Description of relotionship between the portAes Amount duefrom/{toJ the related party Common ownership 1,567 1,567 PaRe 16
Travelteer Impart ststement of Cash flows for the year ended 30 September 2023 2023 2022 Cash flows frorn operatlng actlvities Net expenditure per Statement of Financial Activities 110,2881 111,9091 Adjustment5 for: Depreciation of property, plant and equipment Increase in trade and other payables 59 79 632 118 Net cash used in operating activities iio.iiii 111,1981 Net cash from Investing activities Net cash from financing artivities Net decrease in tash and cash equivalents iio,iiii 111,1981 Cash and cash equivalent5 at the beginning of the year 37,056 48,254 Cash and cash equlvalents at the end of the year 26,945 37,056 Components of cash and cash equivalents C3sh and bank balances 26,945 37,056 26,945 37,056 PaRe 17
Travelteer Impact Detailed Statement of Flnancial Activities for the year ended 30 september 2023 Unrestricted funds Total funds 2023 Total funds 2022 2023 Income and endowrnent5 from: Charitable activities Just Giving Dirert Donations 114,534 7,290 121,824 114,534 7,290 121,824 85,047 6,961 92,008 Totsl income and endtswments 121,824 121,824 92,008 Expenditure on: Costs of generating donations and legacies 4,093 4,093 4,093 4,093 Costs of other trading activities 2,485 2,485 2,485 2,485 5,441 5,441 Total of expendbture on raising funds 6,578 6,578 5,441 Charitable activities Just Giving Direct Donations 31,063 47.498 13,707 16.817 109,085 31,063 47,498 13,707 16,817 109,085 28,484 27,176 1,008 14,374 71,042 Total of expenditure on charitable activities 109,085 109,085 71,042 Other expenditure Charitable Donation to partner charity Other interest payable 598 598 480 118 118 716 716 480 Employee costs Salarieslwages Pension costs 1,458 1,458 7,999 273 1.458 1,4S8 8.272 Motor and travel c05tS Travel and subsistence 2,354 2,354 2,354 2,354 4.154 4,154 Premises costs Rent 7.340 7,340 7.340 7,340 7,161 7,161 Paoe 18
Travelteer Impact Detailed Statement of Financlal Artivities General administrative costs, including depreciation and amortisation Depreciation of Equipment Depreciation of Bank charges Equipment expensed Exchange rate Igainllloss General insurances Software, IT support and related costs 59 59 79 604 604 517 183 iii 333 183 515 1,372 264 333 1,190 1,190 1.176 Sundry expenses Telephone, fax and broadband 1,085 1,128 4,581 1,085 1,128 4.581 1,165 972 6,060 Legal and professional costs Other legal and professional costs 1,307 1,307 Total of expenditure of other costs Total expenditure 16.449 16,449 27,434 132,112 132,112 103,917 Net gains on investments Net expendlture 110,2881 110,2881 111,9091 Net expenditure before other gainslllossesl Other Gains 110,2881 110,2881 111,9091 Net movement in funds 110.2881 110,2881 111,9091 Reconciliation of funds.. Total funds brought forward 37,933 37,933 49,842 Total funds carried forward 27,645 27,645 37,933 Paoe 19