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2022-12-31-accounts

REGISTERED COMPANY NUMBER: 10471484 (England and Wales) REGISTERED CHARITY NUMBER: 1170522

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Classrooms in the Clouds (A Company Limited by Guarantee)

Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW

Classrooms in the Clouds

Contents of the Financial Statements for the Year Ended 31 December 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 14
Independent Examiner's Report 15
Statement of Financial Activities 16
Balance Sheet 17
Notes to the Financial Statements 18 to 21
Detailed Statement of Financial Activities 22

Classrooms in the Clouds

Reference and Administrative Details for the Year Ended 31 December 2022

TRUSTEES M A Cashin S Hagen M Hagen (Chairman) L McLaren R A W Middleton (resigned 25/6/2022) D G Sherpa A S Roberts D G Thomas C Owen (appointed 25/6/2022) REGISTERED OFFICE 10 Grammar School Lane Wirral Merseyside CH48 8AY REGISTERED COMPANY 10471484 (England and Wales) NUMBER REGISTERED CHARITY 1170522 NUMBER INDEPENDENT EXAMINER Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW

Page 1

Classrooms In The Clouds Trustees' Report

The Trustees of Classrooms in the Clouds are pleased to present their Report and Accounts for the period ending 31 December 2022. These accounts have been prepared in accordance with Charities SORP (FRS 102) ‘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) (effective 1 January 2015)’, Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011, and the Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.

Objectives and Activities

Classrooms in the Clouds exists because there are children in Nepal currently receiving an inadequate education, or in many cases, no education at all due to social, financial, practical, geographical or other reasons. Many children are out working, taking care of younger siblings, elderly or disabled relatives. There may be no school in their village, or if there is it may only go to the end of primary school, with no high school nearby. The only option for many is boarding school in Kathmandu which is simply unaffordable and impractical for all but a small minority. Attendance at school dwindles as children get older. The Nepalese government recognises that early years education has been undervalued. We need to provide incentives, facilities, teachers and professional development opportunities as well as tackling gender barriers to ensure children remain students for as long as possible to help them reach their full potential.

Purpose

To raise funds and materials to assist in the provision of education to the children of Nepal.

Mission

Our mission is to provide affordable, accessible and sustainable education to the children of Nepal, particularly those in most need.

Aims

Classrooms in the Clouds strive to create a safe environment where children are able to achieve their full potential in all aspects of their learning. In particular, they will have the chance to achieve their Secondary Education Examination (SEE). We aim to improve conditions in 4 main ways: •Building good quality, new classrooms;

•Providing gender appropriate hygiene facilities and tackle gender barriers;

•Sponsoring, training and supporting new teachers with an emphasis on attracting more local female teachers;

•Developing partnerships with local school communities to realise the potential of the additional facilities and training.

Page 2

Values

Our Core Values shape what we do:

• Creating Opportunity for communities in need;

• Socially Aware – we will endeavour to source materials locally and utilise local labour as far as practically possible;

• Sustainable – we will work with local communities to understand and meet their needs, develop a long term, strong relationship and ensure their commitment to a project;

• Everyone Matters – we want to reach and influence those most in need and particularly to raise the expectations of women;

• Release Potential – we believe we can help children realise their potential, thereby improving their life chances;

• Maximise the use of Assets – we recognise the focal point a school provides for a community and we want the benefits from our building projects to be maximised by widespread community use.

• Openness to Experience – receptive to learning opportunities, seeking out new experiences and taking a broad view.

We are a long-term partner of school communities; We are increasing our emphasis and support for women and girls in education ;

We are developing the building blocks of education by improving the early years teaching in terms of the built environment, skills and resources.

Activities

Our Personal Values shape how we do:

• Passion – attract passionate people who make a positive difference to those in need;

We establish long-term partnerships with the schools we support operating in a culturally empathetic way. Specifically, we:

 Build classrooms in existing schools;

• Responsibility – self-disciplined, taking ownership of issues and problems and leading by example;

• Cultural Empathy – being interested in people and cultures, displaying empathy and embracing diversity;

 Sponsor female teachers give professional development and mentor/support progress;

 Take measures to reduce gender inequality such as menstrual health training, clean water, gender specific toilets and empowerment of women initiatives

Reusable Menstrual Health Kit being Made by Local Women, trained by CITCNepal

Page 3

A chievements and performance

COVID-19

The period under review continues to be dominated by the worldwide recovery from the COVID-19 pandemic. In Nepal it is difficult to gauge exactly how the virus spread as testing is unreliable and the health system stretched in normal circumstances. The biggest negative impact, however, has been the economic one. The Nepal government was able to allow tourists in 2021 but in reduced numbers. The remittances from migrant workers - mostly working in India and the Middle East - has still not recovered to previous levels. This accounted for somewhere between 30 and 50% of the GDP! Some experts are predicting the impact is worse than the earthquakes of 2015.

Schools were fully open allowing CITC sponsored teachers to be back in school after working with children in the community during the sporadic Nepal lockdowns.

2022 saw CITC still facing challenges in its fundraising with the economic downturn in the UK and domestic needs dominating charitable giving. Classrooms In The Clouds, therefore, faces the twin challenges of more need than ever in Nepal and a fight for maintaining its income. The work of CITC in Nepal has never been more important in terms of giving young people hope and skills for the future so they can be the guardians of their beautiful country.

Page 4

A project at the village of Lokhim to provide 6 classrooms, an early years play area, toilets, clean water and fully resourced classrooms continued through 2022.The classroom building is similar in design to Kanku and occupied by primary years children.

Foundations

Shree Janata School at Lokhim has poor primary school facilities - appalling sanitation facilities with unhygienic toilets and no safe water system, putting children at risk of diseases - this makes it extremely difficult for girls to manage their menstrual health needs effectively, impacting their confidence. There is a lack of child friendly furniture and classroom resources resulting in an inadequate learning environment. Other challenges include insufficient teacher training, a lack of lesson plans and workbooks and a lack of opportunities for talented females to enter the teaching profession due to prevalent gender inequalities.

Finishing Works

In rural Nepal learning by rote and ‘subject based’ teaching is prevalent, even for very young children, meaning the needs of the individual child are often overlooked.

Grade teaching - where a teacher has responsibility for one class is innovative in the Solukhumbu region, allowing the teacher to develop a deeper connection with their class and understand the needs of the children, resulting in better outcomes (as seen in CITC’s other supported schools). Lesson planning is also a new concept for the teachers – CITC has gathered evidence demonstrating the huge difference in lesson quality when lesson plan training has been implemented. The project aims to

Improve sanitation, particularly benefitting girls by building earthquake resistant, gender specific toilets;

Reduce the risk of disease - enabling access to safe water;

Enhance 6 classrooms;

Improve the quality of teaching and learning; Provide training for all primary teachers at the school;

Supply lesson plans/workbooks for core subjects in grades 1-5.

CITC has carefully considered the following means to minimise any potential negative environmental impacts of the project:

Page 5

As with 2021 and the building project at Shree Kanku (6 classroom 2-storey block, WCs, clean water and furniture/furnishings), Shree Janata, Lokhim has been supported by Cheshire Fire and Rescue Service and their Fire Apprentices.

Cheshire Fire and Rescue Service Mural

In 4 of the 6 previous projects supported by the fire cadets/apprentices they have travelled out to Nepal to see the outcome of their fundraising efforts. A combination of domestic pressures in the UK and travel issues in Nepal meant that a visit this year was not possible. CITC remains extremely thankful for the efforts of the fire cadets and fire apprentices in making a difference to young people’s lives in a far away country.

Local Women Crushing Stone for Aggregate

The practical response from the local community to support the construction was outstanding. Literally hundreds of people got involved including transporting materials and breaking down rock for aggregate. This is a vivid example of the importance and pride local people have in the education of their children.

Clean Water Tastes Good!

Page 6

Teacher Sponsorship - By the end of the year, the CITCNepal team carried out the selection process for new teachers that means there are, for the first time, 23 sponsored female teachers working out of schools. CITC continues to mirror the Nepal Government teacher salaries and benefits. CITC have a sustainable model for teacher sponsorship whereby teachers are supported in their studies to achieve a Bachelor Degree in Education. This provides a gateway to obtaining a government-funded teaching role or another permanent role. Since 2009, over half the CITC sponsored teachers have gone on to find permanent employment or enter full-time study. In practice this success means that CITC maintains a continuous process of selection and training meaning more and more women achieve their dream of becoming a teacher.

CITC provided specialist training in child-centred learning, lesson planning, menstrual health and first aid. CITC invests in teacher materials and workbooks designed by a

These are a great teaching aid for teachers who have extremely busy lives outside school in their rural communities. The lesson plans mean it is easier to follow the curriculum over the school year and plot individual student progress.

CITC supports a ‘cluster’ of 16 schools in the lower Soluhkhumbu, meaning sponsored teachers support each other as they extend their skills and experience. They use social media to share best practice. To support the teachers and maintain a strong relationship with CITC supported schools, CITCNepal has employed an Educational Development Manager who is responsible for project delivery, 2 peripatetic Education Support Workers and a finance officer based in Kathmandu. Roles include the professional development of sponsored teachers, monitoring and reporting on children’s progress in supported schools, liaison with education officials and NGOs at a national, regional and local level and overseeing building projects.

partner in Kathmandu called The Collaborative Schools Network.

Page 7

Financial Review

The impact of Covid 19 continues to be felt and has undoubtedly led to the reduction in number of fund raising activities taking place. As a result of fundraising efforts, however, from a number of people and organisations we have seen an improvement in income and would hope to continue that improvement into 2022.

We raise money in a variety of ways, including:

----- Start of picture text -----
 Joint fundraisers ;
----- End of picture text -----

International Rotary foundation

Corporate Fundraising

Hengistbury Investment Partners LLP Charitable Trust

Cheshire Fire and Rescue Service

Long Time Supporters Shayne and Hazel Adams, Kaboodle, Ludlow and Church Stretton

Asia Book room Annual Xmas Tree Fundraiser

Secretary/Trustee Sarah Leading a Sponsored Ride across the Caledonia Way in Support of RC of Mid-Wirral raising money for CITC

Page 8

Donations of time and expertise

Art project in Bung delivered by professional UK artist Lynda Roberts – providing art training and skills to teachers

Part of the renovated library in Kharikhola, one of many transformations led by long term CITC supporter Cathie Bremner Owen

Page 9

The attached financial statements show that the money held by the charity at 31 December 2022 in the UK was £198,878.

Reserves Policy

The Trustees have identified the appropriateness of establishing a defined reserve policy for the charity. The purpose of a reserve policy is to help ensuring that the long term objectives of the charity can be met with some form of financial security.

A Reserve Fund has been established as an amount sufficient to maintain ongoing operations and programmes for 12 months. The Reserve Fund serves a dynamic role and will be reviewed and adjusted in response to internal and external changes. The target minimum Reserve Fund is equal to £75,000 representing twelve months of operating expenses averaged annually over the last 2 years.

Funding Reserves

Investing Reserves

The Reserve Fund will be funded and available in cash or cash equivalent funds, in accordance with the risk preferences, liquidity needs and investment objectives of the charity. The reserves will be comingled with the general cash accounts of the charity but segregated in financial reporting.

Using Reserves

Trustees will identify reasons for accessing the Reserve Fund and confirm that the use is consistent with the purpose of the reserves as described in this Policy having:

The Treasurer is responsible for ensuring that the Reserve Fund is maintained and used only as described in his Policy.

Trustees of Classrooms In The Clouds agree that the Reserve Fund will be established by designating £75,000 from restricted funds as the beginning balance. Trustees will consider the size of the Reserve Fund annually.

Page 10

Structure, Governance and Management

CITC is governed by its Constitution dated 25 August 2007. In 2017, CITC completed its registration with the Charity Commission for England and Wales. A new company limited by guarantee (Company Number 10471484; Charity Number 1170522) was created. Classrooms In The Clouds Nepal is a registered NGO in Nepal.

1 Trustee was appointed during 2022 and 1 Trustee resigned keeping the total number of Trustees as 8. The new Trustee brings additional skills to the charity and their love of Nepal. All Trustees will resign at each AGM where each shall then be eligible for re-election. In addition, Trustees may be added at any time with the consent of the Management Committee, provided there are never any more than 7 members of the Management Committee. The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. This 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 charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

• state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constituting deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In the interest of transparency and accountability to our donors we publish our annual report, accounts and impact report on the website. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Page 11

The table below outlines the governance processes followed by CITC:

----- Start of picture text -----
Organisation/Role Who Responsibility
Classrooms in the Clouds Trustees Executive Responsibility for CITC strategy
including financial decisions and
partnerships
Classrooms in the Clouds Nepal NGO Committee Delivery and supervision of Projects as
agreed by CITC ‘on the Ground’
Classrooms in the Clouds Trustees Responsible for meeting the legal
requirements of a registered charity
Classrooms in the Clouds Nepal NGO Committee Responsible for meeting the legal
requirement of a Nepal registered NGO
Classrooms in the Clouds Trustees Delivering the CITC fundraising strategy and
developing relationships with donors and
supporters based on integrity, respect and
transparency
Classrooms in the Clouds Nepal NGO Committee Promoting the aims and objectives of CITC
with visitors to Nepal to encourage
additional supporters
Classrooms in the Clouds Trustees Develop systems and procedures to ensure
due diligence of all spending and other
matters in order to maximise charity
effectiveness
Classrooms in the Clouds Nepal NGO Committee To support CITC by working within their
systems and procedures
Classrooms in the Clouds Trustees To receive and carefully consider petitions
and other requests and examine them against
local need and charity aims
Classrooms in the Clouds Nepal NGO Committee To support the decision making process of
CITC by providing timely, relevant and
thorough background information on
petitions received
Classrooms in the Clouds Trustees To make their project decisions on a sound
financial basis
Classrooms in the Clouds Nepal NGO Committee To deliver projects within the financial
assumptions of CITC and report any
indication of variances against the agreed
plan
Treasurer To advise on all matters relating to finance
and take all reasonable measures to ensure
local/international financial rules are
followed
----- End of picture text -----

Page 12

Long Term Plan Future plans

Set out below are details of our medium and longer term goals. Undoubtedly their achievement is going to be subject to the ongoing return of the West to more normal conditions and positive economic factors. The Trustees are aware of the potential need to reconsider whether some of these goals are realistically achievable. By 2024 we plan to reach more children by:

Page 13

Trustee Details

----- Start of picture text -----
Name Position Nationality Address
Michael Chair Trustee UK 10 Grammar School Lane, Wirral,
Hagen CH48 8AY
Sarah Hagen Secretary Trustee UK 10 Grammar School Lane, Wirral,
CH48 8AY
David Treasurer Trustee UK 22 Park Close, Oakley, Hants RG23
Thomas 7LE
Dawa Geljen Trustee/President Nepal Kathmandu
Sherpa CITCNepal
Mark Cashin UK c/o Cheshire FRS HQ, Winsford, CW7
Trustee 2FQ
Lawrie Trustee Belgium Avenue Des Fleurs 22,
McLaren Woluwe-St-Pierre, B-1150, Belgium
Annette Trustee UK 7 Carr Holme Gardens, Cabus, PR3
Roberts 1LY
Catherine Trustee UK 2 Herrick Road, Scunthopre, North
Owen Lincs, DN17 1NN
----- End of picture text -----*

Principal Officer; *Charitable Company registered address

Approved by order of the board of trustees on 24 June 2023 and signed on its behalf by:

M Hagen - Trustee

Page 14

Independent Examiner's Report to the Trustees of Classrooms in the Clouds

Independent examiner's report to the trustees of Classrooms in the Clouds ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

E E Marshall-Birks FCA

Marshall Accountancy Ltd St Mary's House Crewe Road Alsager Stoke-On-Trent ST7 2EW

Date: .............................................

Page 15

Classrooms in the Clouds

Statement of Financial Activities for the Year Ended 31 December 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Other income
-
Total
-
EXPENDITURE ON
Raising funds
-
Charitable activities
3
Education projects
-
Total
-
NET INCOME/(EXPENDITURE)
-
RECONCILIATION OF FUNDS
Total funds brought forward
-
TOTAL FUNDS CARRIED FORWARD
-		 Restricted
fund
£
209,031
671
209,702
31,453
299,838
331,291
(121,589)
317,290
195,701		 2022
Total
funds
£
209,031
671
209,702
31,453
299,838
331,291
(121,589)
317,290
195,701		 2021
Total
funds
£
257,243
-
257,243
29,743
152,000
181,743
75,500
241,790
317,290

The notes form part of these financial statements

Page 16

Classrooms in the Clouds

Balance Sheet 31 December 2022

Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
-
CREDITORS
Amounts falling due within one year
8
-
NET CURRENT ASSETS
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
-
NET ASSETS
-
FUNDS
9
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
-
CREDITORS
Amounts falling due within one year
8
-
NET CURRENT ASSETS
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
-
NET ASSETS
-
FUNDS
9
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
198,878
(3,177)
195,701
195,701		 2022
Total
funds
£
198,878
(3,177)
195,701
195,701		 2021
Total
funds
£
320,224
(2,934)
317,290
317,290
317,290
317,290
317,290
- 195,701 195,701
195,701
195,701

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 June 2023 and were signed on its behalf by:

M Hagen - Trustee

The notes form part of these financial statements

Page 17

Classrooms in the Clouds

Notes to the Financial Statements for the Year Ended 31 December 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

continued...

Page 18

Classrooms in the Clouds

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
3.
CHARITABLE ACTIVITIES COSTS
Education projects
4.
SUPPORT COSTS
Raising donations and legacies
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 Finance
£
200		 2022
£
209,031
Other
£
31,253
2022
£
-		 2021
£
257,243
Direct
Costs
£
299,838
Totals
£
31,453
2021
£
686

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

7. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2022 and 31 December 2022 2,057
DEPRECIATION
At 1 January 2022 and 31 December 2022 2,057
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

continued...

Page 19

Classrooms in the Clouds

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
9.
MOVEMENT IN FUNDS
At 1/1/22
£
Restricted funds
Restricted fund
317,290
TOTAL FUNDS
317,290
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Restricted funds
Restricted fund
209,702
TOTAL FUNDS
209,702
Comparatives for movement in funds
At 1/1/21
£
Restricted funds
Restricted fund
241,790
TOTAL FUNDS
241,790
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Restricted funds
Restricted fund
257,243
TOTAL FUNDS
257,243		 2022
2021
£
£
3,177
2,934
Net
movement
At
in funds
31/12/22
£
£
(121,589)
195,701
(121,589)
195,701
Resources
Movement
expended
in funds
£
£
(331,291)
(121,589)
(331,291)
(121,589)
Net
movement
At
in funds
31/12/21
£
£
75,500
317,290
75,500
317,290
Resources
Movement
expended
in funds
£
£
(181,743)
75,500
(181,743)
75,500

continued...

Page 20

Classrooms in the Clouds

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Restricted funds
Restricted fund
TOTAL FUNDS		 At 1/1/21
£
241,790
241,790		 Net
movement
in funds
£
(46,089)
(46,089)		 At
31/12/22
£
195,701
195,701

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
466,945
466,945		 Resources
Movement
expended
in funds
£
£
(513,034)
(46,089)
(513,034)
(46,089)

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 21

Classrooms in the Clouds

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other income
Foreign currency profits
Total incoming resources
EXPENDITURE
Charitable activities
Education projects
Support costs
Finance
Postage and stationery
Bank charges
Other
Sundries
Travelling
Administrative support
Computer software and maintenance costs
Independent examiners' fee
Insurance
Legal and professional fees
Foreign currency losses
Computer equipment
Total resources expended
Net (expenditure)/income		 2022
£
209,031
671
209,702
299,838
54
146
200
13
1,274
27,534
1,225
776
431
-
-
-
31,253
331,291
(121,589)		 2021
£
257,243
-
257,243
152,000
125
157
282
122
-
25,283
418
764
432
733
1,023
686
29,461
181,743
75,500

This page does not form part of the statutory financial statements

Page 22