Charity number: 1171643
Barefoot College International UK
Report and financial statements For the period ended 31 December 2020
Barefoot College International UK
Contents
For the period ended 31 December 2020
Reference and administrative information ...................................................................................... 1 Tr�stees� ann�al report .................................................................................................................. 2 Independent e�aminer�s report ...................................................................................................... 6 Statement of financial activities (incorporating an income and expenditure account) ..................... 7 Balance sheet ................................................................................................................................. 8 Notes to the financial statements ................................................................................................... 9
Barefoot College International UK
Reference and administrative information
For the year ended 31 December 2020
| Charity number | 1171643 | ||
|---|---|---|---|
| Country of registration | England & Wales | ||
| Registered office and | c/o Whitmill Corporate Services UK Limited | ||
| operational address | 5 Stratford Place | ||
| London | |||
| W1C 1AX | |||
| Trustees | Trustees who served during | the year and up to the date of this report were as | |
| follows: | |||
| Jill Bausch | Chair (Resigned 25 June 2021 | ||
| Tracey Balch | (Appointed Chair 25 June 2021) | ||
| Shevaun Havilland | (Appointed 19 July 2018) | ||
| Marion | Gluck | (Appointed 12 April 2019) | |
| Tamara Jacobs | (Appointed 9 January 2020) | ||
| Natalie | Binnie | (Appointed 25 September 2020) | |
| Bankers | Barclays Bank PLC | ||
| 48 Regent Street | |||
| Piccadilly Circus | |||
| LONDON | |||
| W1B 5RA | |||
| Solicitors | Hogan Lovells International | LLP | |
| Atlantic House | |||
| 50 Holborn Viaduct | |||
| LONDON | |||
| EC1V 2FG | |||
| Independent | Noelia Serrano | ||
| Examiner | Sayer Vincent LLP | ||
| Chartered Accountants and | Statutory Auditor | ||
| Invicta House | |||
| 108-114 Golden Lane | |||
| LONDON | |||
| EC1Y 0TL |
1
Barefoot College International UK
Tr�stees� ann�al report
For the year ended 31 December 2020
The trustees present their report and the unaudited financial statements for the year ended 31 December 2020.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
Objectives and activities
Purposes and aims
The objects of the charity are:
To prevent and relieve poverty and to promote sustainable development, in socially and economically disadvantaged communities in some of the least developed areas in the world, in particular, but not exclusively, by:
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a) Promoting sustainable means of achieving economic growth, for example by training women from those communities as solar engineers, entrepreneurs, innovators, and educators who can then return to their villages to teach their community.
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b) Providing education to communities to make learning accessible and relevant to all.
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c) Providing access to advocates to help communities take control of their lives and their wellbeing.
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d) Making grants to communities to improve their access to energy, clean water, healthcare, educational resources and establish small businesses.
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e) Making grants to communities to provide members within the community with an opportunity to learn a new skill and establish viable professions and small businesses.
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f) Raising awareness of environmental issues and providing information to develop sustainable communities and clean jobs
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g) Partnering with likeminded development organisations to establish sustainable futures.
The trustees review the aims, objectives, and activities of the charity each year.
The trustees have referred to the guidance contained in the charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.
Achievements and performance
The charity's main activities and who it tries to help are described below. All its charitable activities are undertaken to further Barefoot College International UK�s charitable p�rposes for the p�blic benefit.
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Barefoot College International UK
Tr�stees� ann�al report
For the year ended 31 December 2020
The charity was established in February 2017 and during the period to 31 December 2018 focussed on establishing its governance, processes, and procedures and on fundraising. BCI UK increased income by over 400% between 2017 and 2019.
During 2020 the charity was subject to the dramatic realignment that took place across the charity sector due to the Covid 19 pandemic, which caused uncertainty in fund-raising and global project execution.
Despite this, BCI UK continued to support a full programme of Solar Engineering training for the women trainees at the BCI Indian campus.
During 2020, the charity continued to fund key projects, supporting rainwater harvesting and toilet provision in India from a grant made by the Swarovski Foundation along with livelihood training for rural coffee enterprise in Guatemala from donations made by Elvis & Kresse.
Financial review
The charity received donations of £114,153 during the year. The assets have decreased due to a reduction in incoming resources. During the year planned fundraising events did not take place. Additional resource has been focused on digital fund raising to compensate.
Reserves policy and going concern
At present the charity has no employees and limited expenditure commitments and as such requires minimum reserves to operate. The trustees established a reserves policy during 2019 in line with the strategic vision of the organisation and target to hold 15% of core costs equating to £12,000. However, due to the exceptional circumstances of dealing with the Covid crisis our reserves at year end stand at £5,196. The trustees have instigated steps to reduce overhead and increase fund raising efforts in response.
The trustees believe that the available reserves as of 31 December 2020 is sufficient to ensure that the charity is a going concern.
Response to COVID-19
The trustees report that during 2020 BCI UK responded to the COVID 19 pandemic as follows:
Administration of BCI UK by our consultant Administrative Manager has been uninterrupted and continues as normal. We have no office overhead. Meetings have moved to online platforms and individuals have not been put at risk. Provision has been made to address the risk of the Administrative Manager being incapacitated.
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In person fund and friend raising events have been postponed till 2021
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Additional focus has been given to increasing online donations.
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Barefoot College International UK
Tr�stees� ann�al report
For the year ended 31 December 2020
-
All foundation and corporate grants for 2021 have been confirmed, with key donors continuing to show flexibility on restrictions.
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BCI UK is alert to the needs of COVID related responses in our target funding areas and has allocated funds accordingly.
BCI UK has been proactive in managing our COVID 19 response during 2020 and continued to pay attention to latest Charities Commission guidance.
Structure, governance, and management
The organisation is a charitable incorporated organisation registered as a charity on 16 February 2017 in England and Wales.
The charity is constituted under a trust deed dated 16 February 2017.
All trustees give their time voluntarily and receive no benefits from the charity. No trustee expenses were reimbursed to trustees during the year.
Appointment of Trustees
The Board has the power to appoint new trustees. When selecting individuals, the Board must have regard to the skills, knowledge and experience needed for the effective administration of the charity. New trustees are appointed based on recommendation, with regard paid to their skill set. During 2020 Jill Bausch continued as Chair of trustees
Statement of Responsibilities of the Trustees
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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Select suitable accounting policies and then apply them consistently
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Observe the methods and principles in the Charities SORP
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Make judgements and estimates that are reasonable and prudent
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State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for
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Barefoot College International UK
Tr�stees� ann�al report
For the year ended 31 December 2020
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate 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.
The trustees� ann�al report has been approved by the trustees on 26 October 2021 and signed on their behalf by
Tracey Balch
Chair of Trustees
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Independent examiner�s report
To the members of
Barefoot College International UK
I report to the trustees on my examination of the accounts of Barefoot College International UK for the year ended 31 December 2020.
This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of the CIO, you are responsible for the preparation of the accounts in accordance �ith the req�irements of the Charities Act 2011 (�the Act�)
I report in respect of m� e�amination of the CIO�s acco�nts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charit� Commission �nder section 145(5)(b) of the Charities Act 2011 (�the 2011 Act�).
I have completed my examination. I 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:
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1 Accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
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2 The accounts do not accord with those records; or
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3 The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the acco�nts gi�e a �tr�e and fair �ie�� �hich is not a matter considered as part of an independent examination; or
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.
Name: Noelia Serrano
Address: Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, EC1Y 0TL Date: 27 October 2021
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Barefoot College International UK
Statement of financial activities
For the period ended 31 December 2020
| For theperiod ended 31 December 2020 | ||||||
|---|---|---|---|---|---|---|
| Note Income from: 2 Transfers between funds Reconciliation of funds: Total income Expenditure on: Donations and legacies Charitable activities Total expenditure Independent examiner's and accountant's fees Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted £ 77,480 |
Restricted £ 36,692 |
2020 Total £ 114,172 |
Unrestricted £ 70,912 |
Restricted £ 104,180 |
2019 Total £ 175,092 |
| 77,480 | 36,692 | 114,172 | 70,912 | 104,180 | 175,092 | |
| 126,125 10,800 |
38,875 - |
165,000 10,800 |
100,704 2,500 |
47,049 - |
147,753 2,500 |
|
| 136,925 | 38,875 | 175,800 | 103,204 | 47,049 | 150,253 | |
| 2,631 (56,814) |
(2,631) (4,814) |
- (61,628) |
- (32,292) |
- 57,131 |
- 24,839 |
|
| 62,010 | 87,131 | 149,141 | 94,302 | 30,000 | 124,302 | |
| 5,196 | 82,317 | 87,513 | 62,010 | 87,131 | 149,141 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 9 to the financial statements.
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Barefoot College International UK
Balance sheet
As at 31 December 2020
| As at 31 December 2020 | |||
|---|---|---|---|
| Note Current assets: Liabilities: 7 9 Total unrestricted funds General funds Cash at bank and in hand Total charity funds Restricted income funds The funds of the charity: Creditors: amounts falling due within one year Total net assets Unrestricted income funds: |
90,013 | 2020 £ 151,641 151,641 2,500 87,513 82,317 62,010 5,196 87,513 |
2019 £ 149,141 |
| 90,013 2,500 |
|||
| 5,196 | |||
| 87,131 62,010 |
|||
| 149,141 |
Approved by the trustees on 26 October 2021 and signed on their behalf by
Tracey Balch Chair of Trustees
8
Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2020
1 Accounting policies
a) Statutory information
Barefoot College International UK is a charitable incorporated organisation registered as a charity in England & Wales.
The registered office address and principal place of business is c/o Whitmill Corporate Services UK Limited, 5 Stratford Place, London, W1C 1AX.
b) 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 - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
- c) Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
d) Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
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 amounts of assets and liabilities within the next reporting period.
e) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
f) 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.
g) Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
h) 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.
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2020
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1 Accounting policies (continued)
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i) Grants payable
Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
j) 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.
k) 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.
l) 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
- 2 Income from donations and legacies
| Income from donations and legacies | |||||
|---|---|---|---|---|---|
| Donations | Restricted £ 36,692 |
2020 Total £ 36,692 |
Unrestricted £ 70,912 |
Restricted £ 104,180 |
2019 Total £ 175,092 |
| 36,692 | 36,692 | 70,912 | 104,180 | 175,092 |
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2020
3 Net expenditure for the year
This is stated after charging / (crediting):
Independent Examiner's remuneration (excluding VAT):
| 2020 | 2019 |
|---|---|
| £ | £ |
| 2,500 | 2,500 |
- 4 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Trustee Travel Expenses | 100 | 1,780 |
5 Related party transactions
There are no related party transactions to disclose for 2020 (2019: Nil).
6 Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
7 Creditors: amounts falling due within one year
| Accruals | 2020 2019 £ £ 2,500 2,500 2,500 2,500 |
|---|---|
8a Analysis of net assets between funds (current year)
| Analysis of net assets between funds (current year) | ||
|---|---|---|
| Net current assets Net assets at 31 December 2020 |
General unrestricted £ 5,196 |
Restricted Total funds £ £ 82,317 87,513 82,317 87,513 |
| 5,196 |
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2020
8b Analysis of net assets between funds (previous year)
| Net current assets Net assets at 31 December 2019 9a Restricted funds TARGET SWAROVSKI FOUNDATION ELVIS & KRESSE OTHER Total restricted funds General funds Total funds Movements in funds (current year) |
At 1 January 2020 £ 43,500 41,000 2,631 - |
General unrestricted £ 62,010 |
Restricted £ 87,131 |
Total funds £ 149,141 |
|---|---|---|---|---|
| 62,010 | 87,131 | 149,141 | ||
| Income & gains £ - 17,990 - 18,702 |
Expenditure, losses and transfers £ - (29,726) (2,631) (9,149) |
At 31 December 2020 £ 43,500 29,264 - 9,553 |
||
| 87,131 | 36,692 | (41,506) | 82,317 | |
| 62,010 | 77,480 | (134,294) | 5,196 | |
| 149,141 | 114,173 | (175,800) | 87,513 |
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2020
- 9b Movements in funds (previous year)
| Movements in funds (previous year) | ||||
|---|---|---|---|---|
| Restricted funds TARGET SWAROVSKI FOUNDATION ELVIS & KRESSE OTHER Total restricted funds General funds Total funds |
At 1 January 2019 £ 30,000 - - - |
Income & gains £ 13,500 81,000 9,180 500 |
Expenditure & losses £ - (40,000) (6,549) (500) |
At 31 December 2019 £ 43,500 41,000 2,631 - |
| 30,000 | 104,180 | (47,049) | 87,131 | |
| 22,467 | 139,985 | (100,442) | 62,010 | |
| 52,467 | 244,165 | (147,491) | 149,141 |
Purposes of restricted funds
TARGET (Training And Research Global Education Trust): these funds were received to support work with rural women and girls in education, renewable energy and training.
Swarovski Foundation 2019 grant was restricted to funding clean water harvesting, building toilets in 9 village schools and training solar mama engineers in villages geographically relevant to Swarovski�s activities in India
Elvis & Kress 2019 grant was restricted to training solar mamas engineers on solar electrification and coffee livelihood in Guatemala. Remainder of this grant at April 2020 was unrestricted by the donor as a response to Covid Pandemic. Therefore a transfer of £2,631 from restricted to unrestricted has been made in the year.
Other funds includes The Atlantic Institute grant of £3,700.
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