Travelteer Impact Charity No. 1168026 Trustees, Report and Unaudited Accounts 30 September 2024
Travelteer Impact Contents Pages 2to7 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet io Statement of Cash flows 18 Notes to the Accounts IOto17 Detailed Statement of Financial Activities 19to20 Page I
Travelteer Impact Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charlty No. 1168026 Princlpal Offlce 28 Gordon Road West Brid8ford Nottingham NG2 5LN Trustees The following trustees served during the year: L.G. Storrie L.R. Tranfield Accountants Accumulus 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 youn8 adults in Sri Lanka, Nepal & Morocco in particular by proving aid, relief and support with their educational development. To promote the conservatlon, protection & improvement of the envlronment includin8 the conservation of endangered wildlife and their habitats in South East Asia. To promote humane behaviour towards anirna15 in South East Asia by providing or supporting the provlslon of appropriate care, protection, treatment and security for animals in need of care and attention. To support communities with sustainable farming & agriculture initiatives. To further such other charitable purposes (charitable under English Law) for the benefit of communities in need of support and assistance in South East Asia as the Trustees see fit from time to time. ACHIEVEMENTS AND PERFORMANCE Marine & Wildlife Statement of trusto8$' rèsponsibllltles Sn relatlon to the fJnan¢ial 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 (United Kingdom Generally Accepted Accounting Practice). Page 2
ACHIEVEMENTS 2024 Marlne & Wlldlife Conservatlons Development Turtle Hatchery Eggs collected (2,5001 Successfully hatched (2,0001 - Turtles released (2,0001 Turtles head started (18) Turtles released (101 Turtles rehabilitated and released16) Educational visits (1,200 students) 36 turtles cared for in turtle centre 1.6 tons of fish & seaweeds Water change12.9 M litres of water) Enclosures cleaned12,548 times a yearl Funding of veterinary care (year round) Beach Clean Beach collected 3.2 tonnes River collected plastic bottles / beer cans / glass bottles / plastic bags / HDPE / toothbrush Micro plastic / Fishing nets / Tree Planting Rainforest trees planted124001 Southern province (Kotuwa & Elpitiyal - Canopy, sub canopy and under story Restoration from old plantations. Magrooves {1200 planted) Galle / Kogala Habitat restoration, Improving bio-diversity, Stopping soil erosion, education Agriculture Project Improving educational awareness around key sites Agriculture programme (Hope project / Hope pre school / Pathana school / Deerananda school) Coral Restoratlon 250 coral samples growing concrete blocks with pipe / Iron racks / concrete domes - To put back into the reef system with jungle beach English Development English Classes Students taught (500 students) Students in each class {20- 30 students) How many hours per week of total se55ions (20 hours) Page 3
School donation Special events (concerts / sports day / prize giving / blood donation / children's day / English day) Food donations to school School uniform Classroom revamp 2 English classrooms in two schools (primary) {Weragoda school & Deerananda school) Boosa school classroom Sports Development Sports classes 6 schools and 4 sports clubs 500 students engaged 20 hours total sessions per week Funding local rugby coach (boys and girls 13 - 19 yrs) School / club donation Sports equipment (volleyball nets, footballs, cricket sets) Sponsorship of students for national level sports events Sports PE kits Sport renovation Deerananda school football ground B005a school sports ground Akkaravisa volleyball nets x2 Devapathiraja school (cricket and volleyball) Akurakala school (badminton courtl Medical Electlve & Mentsl Health Ayvedic placement fees Sessions completed (1621 (Godagama & Madampa & Akurala & Kumara Kanada Temple donation Bansuri donation Donations to the temple Dry food donation115 children) Educational toys and equipment Beds and bedding Revamping (bedrooms, common room) - Annual tour sponsorship New outside playground area Misc. Revamp Elderly home Ihikkaduwal Peraliya tsunami museum Peraliya temple Page 4
Hospital placement fees - Neuro department Psychiatric department Paediatrics Textiles & Design programme Machine and materials New equipment and materials supplied Women support 52 women tralned basic sewing 500 items made to be sold Infrastructure projects Development of Turtle centre Turtle enclosure16,000 litrel Repair of two enclosure roofs Toilet block for visitors / volunteers Communlty Development School Infrastructure Lab room construction for Kudhar Basic School Store room construction Classroom revamp (Chandika Basic School) Himalayan Secondary School (three classrooms painted) Desk renovated at Lila Baslc Secondary School Bahadure Higher Secondary School14 classrooms repainted) 9 eco-friendly water filters were supported in all six schools Educational Development 7 schools with a reach of 520 students Sport Development 7 schools with a reach of 520 students Agriculture Construction of 12 greenhouses and drip irrigation systems Misc. - Audit and community need assessment by our in-country partners Atlas Outreach School Infrastrutture Construction of school library in Imelghas Construction of toilet block for primary in Imelghas Construction of toilet block for school in Telouet Page 5
Educational Development l.T and English classes Summer school operating from June- September Sport Development Sports sessions provided for Imelghas community Agriculture Supporting community with village agriculture and farming initiatives Misc. Supporting women's institution initiatives such as rug making Volunteer support Financial support Financially supported 238 young adults to volunteer overseas in Sri Lanka, Morocco and Nepal. Page 6
Travelteer Impact Trustees Annual Report The trustees are responsible for keeping proper accounting records that disclose 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 (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detettion of fraud and other irregularities. Signed on behalf of the charity's trustees L.R. Tranfield Trustee Iojuly 2025 Page 7
Travelteer Impart Independent Examiners Report Independent Examiner's Report to the trustees of Travelteer Impart I report to the trustees on my examination of the financial statements of Travelteer Impact for the year ended 30 September 2024. Responsibilitles and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examinatlon I have followed all the applicable Directions given by the Charity Commission under section 145(51{b) 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 connection with the examination giving me cause to believe that in any material respect: the accountin8 records were not kept in respect of the charity as required by section 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 concerning the form and content of financSal statements set out In the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connettion 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 FMAAT Accumulus Accountancy Ltd 2nd Floor 4 Finkin Street Grantham NG316QZ 10 July 2025 Paae 8
Travelteer Impact ststement of Financial Artivitles for the year ended 30 September 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Charitable activities 240,496 240,496 121,824 Total 240,496 240,496 121,824 Expenditure on: Raising funds Charitable activities Other 17,240 177,300 16,707 17,240 177,300 16,707 6,578 109,085 16,449 Total 211,247 211,247 132,112 Net gains on investments Net incomel{expenditure) Transfers between funds 29,249 29,249 (10,288) Net income/(expendlture) before other gainsl(losses) 29,249 29,249 (10,2881 Other gains and losses Net movement in funds 29,249 29,249 110,2881 Reconcillation of funds: Total funds brought forward 27,645 27,645 37,933 Total funds carried forward 56,894 56,894 27,645 Page 9
Travelteer Impact Balance Sheet at 30 September 2024 Charity No. 1168026 2024 2023 Fixed assets Tangible assets 271 271 180 180 Current assets Debtors Cash at bank and in hand 10 1,568 55,488 57,056 1433) 56,623 1,568 26,945 28,513 11,0481 27,465 Credltors: Amount fallin8 due within one year Net current assets 11 Total assets less current Ilabllltles Net assets excludln8 penslon asset or Ilabllity Total net assets 56,894 27,645 56,894 27,645 56,894 27,645 The funds of the chartty Restrlcted fvnds Unrestrlrted funds General funds 12 12 56,894 27,645 56,894 27,645 Reserves 12 Total funds 56,894 27,645 Approved by the trustees on 10 July 2025 And signed on their behalf by: L.G. Storrie Trustee IOJuly 2025 Page 10
Travelteer Impact Notes to the Accounts for the year ended 30 September 2024 l Accounting policies Basis of preparation 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 (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Change in basls of accountlng or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accountin8) since last year and no changes have been made to accounts for previous years. Fund accountlng 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 trustees for particular purposes. These are unrestricted funds which include a revaluatlon reserve representin8 the restatement of investment assets at their market values. These are avallable for use subject to restrictions imposed by the donor or throu8h terms of an appeal. Designated funds Revaluation funds Restrirted 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 sufficlent reliability. Income with related Where income has related expendlture the income and related expenditure is expenditure reported gross in the SOFA. Donatlons 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 which 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, measurabSe 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. Gains/llosses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llosses) on investment assets This includes any gain or loss on the sale of investments. Page 11
Travelteer Impact Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. 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 funds 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, including the making of grants and governance costs. All grant 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 Taxatlon The charity is exempt from tax on its charitable activities. Tangible fixed assets 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 cost 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 realisable value. Donated items of stock are recognised 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 debtor5 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 equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowin8s or current 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. Page 12
Travelteer Impart Notes to the Accounts Trade and other creditors Short term creditors are rneasured 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 is written off in the year in which it is incurred. Foreign currencles 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 exchan8e differences are are taken into account in arriving at net income/expenditure. 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 substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases 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 in the balance sheet date as a finance lease obllgatlon, Lease payments are apportioned between finance expenses 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 recognised as a Ilabillty. The aggregate benefit of incentives is recognised as a redurtion 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 payments 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. Recelpt of donated goods, facllltles and serylces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 13
Travelteer Impart Notes to the Accounts 2 Statement of Financial Artivlties- prlor year Unrestricted funds Total funds 2023 2023 Income and endowments from.. Charitable activities 121,824 121,824 Totsi 121,824 121,824 Expenditure on: Raising funds Charitable activities Other 6,578 109,085 16,449 6,578 109,085 16,449 Total 132,112 132,112 Net Income 110,2881 (10,2881 Net Income before other galns/{losses) Other galns and losses: Net movement In funds 110,2881 {10,2881 110,2881 {10,2881 Reconclllatlon of funds: Total funds brought forward Total funds carrled forward 37,933 37,933 27,645 27,645 3 Income from charltable actlvltles Unrestricted Total Total 2023 2024 Just Giving Direct Donations 228,350 12,146 240,496 228,350 12,146 240,496 114,534 7,290 121,824 4 Expendlture on ralsing fund5 Unrestrlcted Total Total 2024 2023 Costs of generatlng voluntary income 4,465 4,465 4,093 Fundraising trading costs 12,775 17,240 12,775 17,240 2,485 6,578 Page 14
Travelteer Impact Notes to the Accounts 5 Expenditure on charltable activlties Unrestrlcted Total Total 2024 2023 Expenditure on charitable octivities Just Giving Direct Donations 79,996 77,427 597 79,996 77,427 597 31,063 47,498 13,707 16,817 19,280 19,280 Governance costs 177,300 177,300 109,085 6 Other expenditure Unrestrirted Total Total 2024 2023 Charitable Donation to partner charity Other interest payable Employee costs Motor and travel costs 1,768 1,768 598 25 25 118 {6401 2,863 8,667 {640) 2,863 8,667 1,458 2,354 7,340 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 89 89 59 3,935 16,707 3,935 16,707 4,522 16,449 7 Net income/(expenditure) before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 8 Staff costs 89 59 2024 {6401 {6401 2023 1,458 1,458 Salaries and wages No employee received emoluments in excess of £60,000. Page 15
Travelteer Impact Notes to the Accounts 9 Tangible fixed assets Equipment Total Cost or revaluation At l October 2023 Additions At 30 September 2024 Depreciatlon and Impairment At l October 2023 Depreciation charge for the year At 30 September 2024 Net book values At 30 September 2024 At 30 September 2023 10 Debtors 750 750 180 930 180 930 570 570 89 89 659 659 271 180 271 180 2024 2023 Other debtors 1,568 1,568 1,568 1,568 11 Credltors: amounts fallin8 due within one year 2024 2023 Accruals 433 433 1,048 1,048 12 Movement In funds Incomln8 resources {Includln8 other At l October 8alns/losses 2023 Resources expended At30 September 2024 Restrlrted fund5: Unrestrlcted funds: General funds 27,645 240,496 (211,247} 56,894 Total funds 27,645 240,496 (211,2471 56,894 Page 16
Travetteer Impact Notes to the Accounts 13 Analysis of net assets between funds Unrestricted funds Total Fixed assets Net current assets 271 56,623 56,894 271 56,623 56,894 14 Reconclllatlon of net debt At30 September 2024 At l October 2023 Cash flows Cash and cash equivalents 26,945 26,945 28,543 28,543 55,488 55,488 Net debt 26,945 28,543 55,488 15 Related party dlsclosures 2024 2023 Transartlons wlth related portles Name of related porty Travelteer Limited Description of relationship between the porties Amount duefrom/(to) the reloted porty Common ownership 1,567 1,567 Page 17
Travelteer Impact Statement of Cash flows for the year ended 30 September 2024 2024 2023 Cash flows from operating artivities Net income/lexpendlture) per Statement of Financial Actlvlties 29,249 {10,2881 Adjustments for: Depreciation of property, plant and equipment IDecreasel/lncrease in trade and other payables 89 (6151 59 118 Net cash provlded by/(used In) operatlng actlvlties 28,723 110,iiii Cash flows from Investlng artivitles Payments for property, plant and equipment (1801 Net cash used In Investln8 actlvltles 11801 Net cash from flnanclng actlvltles Net Increase/(decrease) In cash and cash equlvalent5 28,543 {10,iii} Cash and cash equivalents at the beglnnlng of the year 26,945 37,056 Cash and cash equlvalents at the end of the year 55,488 26,945 Components of cash and cash equlvalents Cash and bank balances 55,488 26,945 55,488 26,945 Page 18
Travelteer Impact Detailed Statement of Financial Activities for the year ended 30 September 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Income and endowments fmm: Charitable activities Just Giving Direct Donations 228,350 12,146 240,496 228,350 12,146 240,496 114,534 7,290 121,824 Total income and endowments 240,496 240,496 121,824 Expendlture on: Costs of generating donations and legacies 4,465 4,465 4,465 4,465 4,093 4,093 Costs of other trading activities 12,775 12,775 12,775 12,775 2,485 2,485 Total of expendlture on ralslng funds 17,240 17,240 6,578 Charitable activities Just Giving Direct Donations 79,996 77,427 597 19,280 177,300 79,996 77,427 597 31,063 47,498 13,707 16,817 109,085 19,280 177,300 Total of expendlture on charltable actlvltles 177,300 177,300 109,085 Other expenditure Charitable Donation to partner charitv Other interest payable 598 1,768 1,768 25 1,793 25 1,793 118 716 Employee costs Salarieslwages {6401 {6401 {640) (640} 1,458 1,458 Motor and travel costs Travel and subsistence 2,863 2,863 2,863 2,863 2,354 2,354 Premises costs Rent 8,667 8,667 8,667 8,667 7,340 7,340 Page 19
Travelteer Impact Detailed Statement of Financial Activities General administrative costs, including depreciation and amortisation Depreciation of Equipment Depreciation of Bank charges Equipment expensed Exchange rate Igainl/loss General insurances Software, IT support and related costs 89 737 89 737 59 604 183 604 533 604 533 333 1,080 1,080 1,190 Sundry expenses Telephone, fax and broadband 681 681 295 1,085 1,128 4,581 16,449 295 4,024 16,707 4,024 16,707 Total of expendlture of other costs Total expendlture Net gains on investments 211,247 211,247 132,112 Net Income/(expendlture) 29,249 29,249 110,2881 Net Income/(expendlture) before other galns/(losses) Other Gains 29,249 29,249 {10,288) Net movement In funds 29,249 29,249 (10,2881 Reconclllatlon of funds: Total funds brought forward 27,645 27,645 37,933 Total funds carrled forward 56,894 56,894 27,645 Page 20