# **UNITED KINGDOM UNIVERSITY WORK**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 APRIL 2021**
**CHARITY REGISTRATION NUMBER: 1175012**
**UNITED KINGDOM UNIVERSITY WORK**
## **CONTENTS**
||**Page**|
|---|---|
|Report of the Trustees|3|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Cash Flow Statement|8|
|Notes to the Financial Statements|9|
Page 2
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021**
## **UNITED KINGDOM UNIVERSITY WORK**
The trustees present their report along with the financial statements of United Kingdom University Work (“the Charity”) for the year ended 30 April 2021. These financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s trust deed, the Charities Act 2011 and 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 (FRS102) (effective 1 January 2015).
The Charity is a Charitable Incorporated Organisation (“CIO”) registered on 6 October 2017. Its charity number is 1175012.
## **PRINCIPAL ADDRESS**
The principal address of the Charity is 483 Green Lanes, London, United Kingdom, N13 4BY.
## **TRUSTEES**
The Trustees of the Charity are
Mr. Kyle Guinn Mr. Donald Thomas Pullen Mr. John Cheung Mr. Matthew Edward Ballard Mr. Ray Mulligan
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity’s governing document is a CIO Foundation model Constitution registered on 6 October 2017. The Charity is governed by the Board of Trustees. The Board meets regularly to review operations, plan activities and monitor the financial position of the Charity.
## **OBJECTIVES AND ACTIVITIES**
The objective of the organisation is to advance the Christian faith for the benefit of the public by means of theological education carried out in accordance with the Charity’s statement of faith. This is accomplished through conferences, lectures, courses and residential trips. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities to undertake.
## **ACHIEVEMENTS AND PERFORMANCE**
The Charity continues to organise conferences and trainings for university students and also organise trips for university students of one region to visit other students, university campuses and associated local churches in other regions, both on a national level and internationally.
Page 3
**UNITED KINGDOM UNIVERSITY WORK**
## **REPORT OF THE TRUSTEES** (continued) **FOR THE YEAR ENDED 30 APRIL 2021**
## **FINANCIAL REVIEW**
The Charity’s gross income for this year was £2,758 (2020: £19,439), a very sufficient amount as costs have been well managed over this period. The Charity remains in a good position to manage its obligations. The principal financial obligations for the Charity for this year were related to operational costs for events, such as sound system hire and online service costs for conferences.
## **PLANS FOR THE FUTURE**
Given the pandemic situation we are not expecting large costs for hosting physical events in the upcoming fiscal year.
## **RESERVE POLICY**
It is the policy of the Charity to maintain in reserve a minimum of £3,000. This provides sufficient funds to cover deposit requirements for future venue hires and catering. The Charity will seek to maintain this level throughout the year.
## **RISK MANAGEMENT**
The Charity has assessed all the major risks to which the Charity is exposed, in particular related to its operations and finances, and are satisfied that systems are in place to mitigate exposure to major risks.
Page 4
UNITED IaNGDOM UNIVERSITY WORK
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 30 APRIL 2021
STATEMENf OF TRUSTEES, RESPONSIBILrriES
The trustees are respoiisible lor preparing the Trustees, Annual Report and the
financial statements in accordance with applicable law and ULllted Kingdom
Accouiiting Staiidards (United Kingdom Geiierally Accepied Accountlng Practice).
Laws applicable lo charities in England and Wale5 require the trustees lo pi'epai'e
financial statements for each financial period that give a tnie and fair view of the
ii)con]iiig resources and applicatioii of tlie resources of the chaiity during the period
and of its state of affairs at the end of the period. In preparing financial statements
glving a true and fafir vlew, the IStee5 shoul.d follow best practice and.,
select suitable accounting policies and then apply them conslstendy,,
observe the methods and principles in the Charities SORP 2015 (FRS 102).
make Judgeet5 and estialeS that are reasonable and prudent.
state whether applicable accountiug standard5 and statements of recommended
practice have been followed; and
prepare the financial statements on a going concern basis unless it 15
Inappropriate to presume that tlie cliaTLÉy will continue in operation.
The tnjstees are responsible for keeping pyoper accounting records which disc105e
with reasonable accuracy the financial position of the Settlement and which enable
them to ascertain lis financial position and to ensure lhat the financial statemenis
comply th the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008 and the Th1 Deed. They are also responsible for safeguarding the asse15 of the
Seitlement and hence for laklng reasonable steps for the pVentiOn and ddecllon of
fraud and other IegUlarlties.
Approved by the trustees ond signed on their behalf by..
Triislee- Mr. Donald Thomas Pullen
Date
Page 5
**UNITED KINGDOM UNIVERSITY WORK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021**
|**INCOME**
Income from charitable
activities
Donations
**Total Income**
**EXPENDITURE**
Venue
Food
Vehicle hire
Books
Printing
Sound system hire
Scholarship
NACT expense
Other
**Total Expenditure**
**Net income/(expenditure)**
**and net movement in**
**funds for the year**
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
**Total funds/(deficit)**
**carried forward**|**Unrestricted**
**Funds**
**2021**
**Restricted**
**Funds**
**2021**
**Total**
**Funds**
**2021**
**Total**
**Funds**
**2020**
**£**
**£**
**£**
**£**
2,739
-
2,739
13,279
19
-
19
6,160|
|---|---|
||**2,758**
**-**
**2,758**
**19,439**
-
-
-
9,449
-
-
-
4,151
-
-
-
-
-
-
-
1,104
-
-
-
450
669
-
669
420
-
-
-
200
-
-
-
3,678
356
-
356
517|
||**1,025**
**-**
**1,025**
**19,969**|
||**1,733**
**-**
**1,733**
**(530)**
7,491
-
7,491
8,021|
||**9,224**
**-**
**9,224**
**7,491**|
All income and expenditure derive from continuing activities.
The attached notes on page 9 form part of these financial statements.
Page 6
UNfTED KINGDOM UNTVERsrrY WORK
BAIANCE SHEEr
AS AT 30 APRIL 2021
2021
2020
9224
7.491
9224
7A91
LIABtLTf1ES
Liabiliries
T(yfAL ASSETS LESS LIABtLTTIES
9224
7A91
THE FUNDS OF THE CHARrrY
un[riCl income fun(ts
Restyicted income fund{defIt1t)
9,224
7.491
Ibtsl Funds of the Charity
9224
7A91
These financial statements were approved by Tnstees and signed on their behalf
by:
oz
r. Kyle Guinn
Date
Ip/D¥2a12
- Mr. Matihtw Edw
Date
Page 7
## **UNITED KINGDOM UNIVERSITY WORK**
The attached notes on page 9 form part of these financial statements.
Page 8
## **UNITED KINGDOM UNIVERSITY WORK**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2021**
|**Cash generated by/(used in) operating activities**
Net movement in funds
**Total cash generated by/(used in) operating activities**
**Increase/(decrease) in cash and cash equivalents during**
**the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2021**
**2020**
**£**
**£**
1,733
(530)|
|---|---|
||**1,733**
**(530)**|
||**1,733**
**(530)**|
||
7,491
8,021|
||**9,224**
**7,491**|
Page 9
**UNITED KINGDOM UNIVERSITY WORK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021**
## **1. ACCOUNTING POLICIES**
## **a) 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 (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The accounts are prepared in sterling, which is the functional currency of the Charity.
The trustees consider that there is no material uncertainty about the Charity’s ability to continue as ongoing concern.
## _Public Benefit_
The trustees acknowledge the requirement to demonstrate clearly that the Charity must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Report of the Trustees. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the Charity should undertake.
## **b) Income**
All income is recognised in the statement of financial activities as they are received.
## **c) Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity and are used at the discretion of the trustees.
Designated funds are unrestricted funds of the Charity that the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are funds that 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. Unrestricted funds previously received were able to cover the restricted funds deficit at 30 April 2020 related to the North America College Training (“NACT”) expense.
## **d) Expenditure and liabilities**
Expenditure is recognised when the amount is paid.
Page 10
## **UNITED KINGDOM UNIVERSITY WORK**
The NACT expense incurred in the year ended 30 April 2020 related to expenditure to support students and staff to attend trainings and blending in North America.
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