Charity number: 1171643
Barefoot College International UK
Report and financial statements For the period ended 31 December 2021
Barefoot College International UK
Contents
For the period ended 31 December 2021
Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 2 Independent examiner’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 2021
Charity number 1171643 Country of registration England & Wales Registered office and c/o Cornhill, Hastings Road operational address Rolvenden, Cranbrook Kent. TN17 4PJ
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
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Barefoot College International UK
Trustees’ annual report
For the year ended 31 December 2021
The trustees present their report and the unaudited financial statements for the year ended 31 December 2021.
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 purposes for the public benefit.
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Barefoot College International UK
Trustees’ annual report
For the year ended 31 December 2021
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.
2020 caused concern throughout the Charity sector due to the Covid 19 pandemic which caused uncertainty in fund-raising and global project execution. BCI UK weathered the storm and during 2021 as the sector rebooted, supporting BCI programmes, as soon as we were able, both in India and Africa.
During 2021 BCI UK supported the restart of a full programme of Solar Engineering training for the women trainees at the BCI Indian campus and supported the expansion of this training into several new campuses, made possible by the grant from Target.
BCI UK also supported the growth of the coffee and regenerative farming livelihood training in Guatemala made possible by the grant from Elvis & Kresse.
BCI UK continued to support the rainwater harvesting project and toilet provision programme in India made possible by the grant from Swarovski.
Financial review
The charity received donations of £101,206 during the year. The assets have continued to decrease as incoming resources have remained limited by continued inaction from many grant making organisations who were still focusing on Covid related projects, and a lower participation from online donors. In person fundraising events were not possible to organise with any certainty so our focus has been to maintain our position and limit our ambition for this year. Our digital and communications team has been strengthened and we anticipate increasing online donor activity for 2022.
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. This amount has been kept in a reserve bank account, in addition to the Barclays community account.
The trustees believe that the available reserves as of 31 December 2021 are sufficient to ensure that the charity is a going concern.
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Barefoot College International UK
Trustees’ annual report
For the year ended 31 December 2021
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 2021 Jill Bausch continued as Chair of Trustees for the first part of the year, with Tracey Balch taking over as Chair from June 2021.
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 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.
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Barefoot College International UK
Trustees’ annual report
For the year ended 31 December 2021
The trustees’ annual report has been approved by the trustees on 28 October 2022 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 2021.
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 with the requirements of the Charities Act 2011 (‘the Act’)
I report in respect of my examination of the CIO’s accounts 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 Charity Commission under 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 accounts give a ‘true and fair view’ which 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: 31 October 2022
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Barefoot College International UK
Statement of financial activities
For the period ended 31 December 2021
| Unrestricted £ 46,031 |
Restricted £ 55,175 |
2021 Total £ 101,206 |
Unrestricted £ 77,480 |
Restricted £ 36,692 |
2020 Total £ 114,171 |
|---|---|---|---|---|---|
| 46,031 | 55,175 | 101,206 | 77,480 | 36,692 | 114,171 |
| 71,134 3120 |
82,167 | 153,301 3,120 |
126,125 10,800 |
38,875 - |
165,000 10,800 |
| 74,254 | 82,167 | 156,421 | 136,925 | 38,875 | 175,800 |
| - (28,223) |
- (26,992) |
- (55,215) |
2,631 (56,814) |
(2,631) (4,814) |
- (61,628) |
| 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 2021
| As at 31 December 2021 | ||||
|---|---|---|---|---|
| Note Current assets: Liabilities: 7 9 Total unrestricted funds Restricted income funds The funds of the charity: Creditors: amounts falling due within one year Total net assets Unrestricted income funds: General funds Cash at bank and in hand Total charity funds |
37,918 | 2021 £ 32,298 |
90,013 | 2020 £ 87,513 |
| 37,918 5,620 |
90,013 2,500 |
|||
| (23,027) | 5,196 | |||
| 55,325 | 82,317 5,196 |
|||
| 32,298 | 87,513 |
Approved by the trustees on 28 October 2022 and signed on their behalf by
Tracey Balch Chair of Trustees
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2021
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1 Accounting policies
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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.
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.
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e) Income
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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 2021
1 Accounting policies (continued)
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 settlement value.
2 Income from donations and legacies
| Income from donations and legacies | |||||
|---|---|---|---|---|---|
| Unrestricted £ Donations 46,031 46,031 |
Restricted £ 55,175 |
2021 Total £ 101,206 |
Unrestricted £ 77,480 |
Restricted £ 36,692 |
2020 Total £ 114,172 |
| 55,175 | 101,206 | 77,480 | 36,692 | 114,172 |
- 3 Net expenditure for the year
This is stated after charging / (crediting):
Independent Examiner's remuneration (excluding VAT):
| 2021 | 2020 |
|---|---|
| £ | £ |
| 3,120 | 2,500 |
- 4 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trustee Travel Expenses | - | 100 |
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2021
5 Related party transactions
There are no related party transactions to disclose for 2021 (2020: 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
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Accruals | 2021 £ 5,620 |
2020 £ 2,500 |
| 5,620 | 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 2021 |
General unrestricted £ (23,027) |
Restricted £ 55,325 |
Total funds £ 32,298 |
| (23,027) | 55,325 | 32,298 |
8b Analysis of net assets between funds (previous year)
| Analysis of net assets between funds (previous year) | |||
|---|---|---|---|
| Net current assets Net assets at 30 December 2020 |
General unrestricted £ 5,196 |
Restricted £ 82,317 |
Total funds £ 87,513 |
| 5,196 | 82,317 | 87,513 |
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Barefoot College International UK
Notes to the financial statements
For the period ended 31 December 2021
9a Movements in funds (current year)
| 9a Movements in funds (current year) |
||||
|---|---|---|---|---|
| Restricted funds TARGET SWAROVSKI FOUNDATION OTHER Total restricted funds General funds Total funds 9b Restricted funds TARGET SWAROVSKI FOUNDATION ELVIS & KRESSE OTHER Total restricted funds General funds Total funds Movements in funds (previous year) |
At 1 January 2021 £ 43,500 29,264 9,553 |
Income & gains £ 13,500 15,354 26,321 |
Expenditure, losses and transfers £ (40,500) (17,500) (24,167) |
At 31 December 2021 £ 16,500 27,118 11,707 |
| 82,317 | 55,175 | (82,167) | 55,325 | |
| 5,196 | 46,031 | (74,254) | (23,027) | |
| 87,513 | 101,206 | (156,421) | 32,298 | |
| At 1 January 2020 £ 43,500 41,000 2,631 - |
Income & gains £ - 17,990 - 18,702 |
Expenditure & 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 |
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 2020.
Other funds includes The Atlantic Institute grant of £5,000.
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