Mosaik Education report and financial statements for the year ended 31 December 2021
mosaik
Charity No. 1176947
About Mosaik Education
Our vision
Refugees, asylum seekers, displaced people and conflict-affected communities are able to access, shape and lead the education they require for rebuilding their societies or for integration and success in new ones.
Our mission
To empower a community of refugees and civil society organisations to shape and lead programmes that support refugees in accessing university.
Values
Empowering
Especially communities affected by conflict and displacement to participate in the design and delivery of our programmes, acknowledging that resilience is best achieved by building community capacity.
Inclusive
Striving to create opportunities for those who are most disadvantaged and marginalised.
Collaborative
Incorporating others’ ideas and sharing our own, acknowledging that they are improved through modification and reinvention by others.
Learning
Always looking to reflect, seek feedback and improve what we do and how we work alongside the beneficiaries of our programmes.
Activities
Today, only 6 percent of refugees have access to tertiary education, compared to 40 percent of global youth. This limits their opportunities to find work, become self-reliant, integrate in host communities and, ultimately, to fulfil their aspirations.
Mosaik helps refugees to reach university by:
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developing guidance and skills programmes that are designed with refugees
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using technology to ensure programmes are scalable and accessible
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working with local organisations in Jordan, Lebanon and Turkey to facilitate refugees’ access and success in programmes.
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Introduction from the Chair of Trustees
It is my pleasure to present the 2021 annual report of Mosaik Education, a charity that supports refugees to access tertiary education through scalable and accessible programmes that are designed with refugees and leverage learning technology.
The COVID-19 pandemic continued to impact the access and success of refugees in education throughout 2021. School closures, a lack of remote learning solutions and increased dropouts have resulted in significant losses in refugees’ learning. It has also meant further pressures on their mental health, perpetuating already precarious and stressful living circumstances.
On top of the direct impact on learning experienced by young refugees, all communities in the Middle East continue to experience multilayered crises, all exacerbated by COVID-19. This is particularly the case in Lebanon, which has seen unprecedented economic decline, the collapse of exchange rates, increased public debt, hyperinflation, and political turmoil.
In this context, it is acutely disappointing that the UK Government decided to reduce its overseas aid spending by 28% during 2021. This will only serve to prolong and intensify the experience of vulnerable groups, such as refugees, to the impact of multiple crises, and lead to further suffering and increased inequalities.
Dramatic changes in the funding landscape required Mosaik to adapt its programmes and funding models. Reductions in grant funding during 2021 required the team to find alternative ways of maintaining support for young refugees, as well as developing new sources for funding and business models for Mosaik in 2022.
This report highlights the relevance and need for Mosaik’s programmes, as well as the opportunities to build new partnerships in supporting refugee access to higher education in the years to come.
Frances Guy Chair, Board of Trustees
Frances Guy is currently the Chief Executive of the Scottish International Development Alliance.
She has had a long career in diplomacy and international development that has taken her principally to the Horn of Africa and the Arabic speaking world, including Iraq, Lebanon and Yemen.
Frances worked for Christian Aid between 2014 – 2017 as head of their Middle East team based in London.
Most recently she was gender team leader for the United Nations Development Programme (UNDP) regional office in the Arab states.
She was Representative for UNWomen in Iraq from May 2012 to December 2014 and before that she had a long career in the British Diplomatic Service during which she served as British Ambassador to Lebanon (2006 -2011) and to Yemen (2001 -2004).
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Activities and achievements in 2021
Mosaik built on the previous year’s achievements to further develop and adapt its programmes, and to create new ones.
Expanding our support for teachers and facilitators in community organisations through our Mosaik ‘Dogme Toolkit’ English teacher programme and creating a new ‘facilitator support platform’ for leaders of our Guidance Programme.
Delivering real impact for young refugees through our programmes: 75% of participants used skills from the programmes within six weeks of completing the programme; 31% of participants had offers from a higher education institution within six months.
Directly supporting 118 refugees in three countries through our English and Guidance programmes.
Winning a commendation for diversity and inclusion at the British Council Innovation in Language Teaching ELTon award.
Delivering our best ever public fundraising campaign through the Big Give Christmas Challenge.
Starting a new refugee teacher-led research project in collaboration with the Open University UK and Centreity.
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118 refugees directly supported in 3 countries
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75% of participants used skills within 6 weeks
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31% had offers from a higher education institution within 6 months
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Objective 1. Maintain support for refugees to access higher education
We were able to maintain support for refugees in Jordan and Lebanon through our English and Guidance Programmes despite the cancellation of Mosaik’s major grants at the beginning of 2021.
The Guidance Programme helps refugees identify and apply for the right tertiary education pathway for them. During 2021 we reached 101 refugees across Jordan and Lebanon through a combination of remote delivery and collaborations with longstanding partners in Lebanon, Multi Aid Programmes for Syrians.
We continued to measure the impact of our programmes, finding that 75% of Guidance Programme participants used skills from the programme within 6 weeks, with 31% receiving a place on a tertiary education course within 6 months.
Even though we were able to enrol 101 participants in the programme, we were unable to reach all those who had applied for the programme - 236 in total. This highlights the continued need to improve and expand guidance and support for refugees looking to access tertiary education.
We also maintained English programme activities through 2021, providing teacher training, online English courses and developing new teaching resources. In the first quarter of 2021, Mosaik expanded the Dogme teacher training programme for additional 22 teachers. This teacher training programme was shortlisted for the British Council’s ‘ELTons’ language teaching innovation award, winning a Judges Commendation for Equality, Diversity and Inclusion.
To build on the progress of our English Programme Mosaik launched a new research project in partnership with the Open University and Centreity, and funded by the Connected Learning in Crisis Consortium. The project, which will conclude in 2022, works with English teachers as researchers to collect data from their peers. It aims to develop evidence on how teachers have adapted teaching during the pandemic and how they have integrated communicative teaching methods.
“Being a peer researcher is an opportunity I was looking for to practice all that I have learned when I was writing my Master’s thesis. Also, it gave me the chance to have a deeper look at all of our work as teachers and at how much we should collaborate to enrich our experiences and face challenges.”
Ekhlass Abu Allan
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Objective 2.Improve the quality and scalability of our programmes
The Mosaik team were able to make significant progress in improving the quality and scalability of our programmes through 2021.
Mosaik’s English team designed and developed a new set of materials to support teachers of refugees in integrating more communicative methods within classes. Mosaik’s English Programme uses a communicative approach to English Language Teaching that emphasises interaction, emergent language and learner-driven content, as an antidote for existing textbook-focused teaching approaches. The focus on learner-driven content also allows English teaching to be contextualised and relevant to the lives of refugees, rather than only drawing on predominantly European cultural references in language textbooks. Working with a team of refugee teachers and volunteers, we developed a collection of resources which guide teachers on how to integrate communicative teaching strategies, whilst aligning international teaching frameworks and responding to learner progress. Testing of these resources as part of a comprehensive English course was planned for the first half 2022. We also anticipate that these resources will create opportunities to collaborate with others in English teaching and content development.
The Guidance Programme team was also able to develop and test a facilitator support platform. This provides facilitators with a guide for planning and delivering the Programme, links to key resources, and answers to common challenges or questions. Initial feedback on the platform indicates that this has reduced the overall time spent by the Mosaik team supporting facilitators, and provides facilitators with a comprehensive reference tool to use when implementing the Guidance Programme.
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3. Strengthen our internal capacity and processes
Working with enthusiastic and committed volunteers was key to maintaining and improving Mosaik’s operations in 2021. During the year we recruited a volunteer team of marketing strategists, copywriters and graphic designers to launch a rebranding project for Mosaik to update the visual appeal of Mosaik’s external communications and learning resources. We also built a team of volunteer social media managers to raise awareness of the challenge of refugee access to higher education, and improve Mosaik’s communication with individual donors and public supporters.
Throughout 2021, we were also supported by a team of volunteer service design advisors. They provided training to the Mosaik team and direct input on planning the development of new tools, teaching materials and mapping of the ‘user journeys’ of programme participants. This further developed the Mosaik team’s rigour and focus in approaching the design and testing of programme improvements.
The number of the volunteers currently supporting Mosaik’s work means that the risk of volunteer dropout could have a large impact on the quality of Mosaik’s programmes and fundraising efforts. To mitigate this risk, the Mosaik Trustees began a consultation with volunteers to inform the design of support and experience to ensure retention of Mosaik’s volunteer cadre.
Safeguarding
Mosaik Education believes that all children and vulnerable adults, regardless of age, ability or disability, gender reassignment, race, religion or belief, sex or sexual orientation or socio-economic background, have the right to be protected from abuse, neglect or exploitation.
During 2021, we converted our safeguarding training materials into an online course to further improve and standardise safeguarding training for Mosaik staff. The Board of Trustees also committed to an updated safeguarding work plan, which planned for a review of safeguarding policies and procedures at the start of the following year.
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4. Strengthen financial stability and governance
The Mosaik team successfully responded to the funding challenges of the first quarter of 2021 to rebuild our fundraising pipeline, ending 2021 with three new long-term funders. We were also able to launch four public fundraising campaigns: The Hope Not Headlines collaboration with Hands Up Foundation; the Summer and Christmas Shop commercial partnerships; and the Big Give Christmas Challenge, which raised £21,075 in just two weeks of online campaigning. The latter was Mosaik’s most successful ever public fundraising campaign,
The Trustees also undertook work to enhance Mosaik’s networks, developing a set of Trustee commitments for 2022: quantified objectives that each Trustee has undertaken to secure funding, partnerships or expand Mosaik’s network. These will be tracked throughout the year and reviewed at the end of 2022.
Delivering on public benefit
In reviewing Mosaik Education’s aims and planning for future activities, the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit. Our vision and mission show that Mosaik Education is committed to working with communities and technology to support refugees into higher education. Therefore refugees are our beneficiaries.
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Financial review
The key financial information for the year ended 31 December 2021
| Total incoming resources | £62,924 (2020: £105,611) |
|---|---|
| Total outgoing resources | £68,235 (2020: £103,788) |
| Net cash outfow | £5,311 (2020: Net Cash Infow £1,823) |
| Debt | £3,000 (2020: £1,750) |
| Unrestricted reserves | £21,490 (2020: £7,742) |
Funding
During the year Mosaik Education’s main sources of funding were restricted grants from IDEO, Al Tajir Trust, the Open University and the University of Reading to support its programming activities. Other sources of funding include donations from trustees, board advisors and other individuals.
Our approach to fundraising
Our relationships with our donors are very important. Mosaik Education aims to ensure that fundraising is respectful, open, honest and accountable. We have a close relationship with individuals, foundations and organisations that support us.
All fundraising is conducted by internal contracted staff and volunteers. Mosaik Education does not use external professional fundraisers, does not employ the services of any fundraising agencies or third parties, and does not run telephone or door to door fundraising campaigns.
Mosaik Education has ensured compliance with the general data protection regulations (GDPR), and, as part of an ongoing commitment to best practice, strives to adhere to the standards set by the Fundraising Regulator and the Institute of Fundraising. During the year, there were no instances of noncompliance with the requirements of the fundraising code of practice, and no complaints have been received by Mosaik Education regarding fundraising activities.
Investment policy
The trustees do not believe it necessary for Mosaik Education to have a formal investment policy given the nature of activities and relatively low level of cash. This position is reviewed regularly.
Reserves policy and unrestricted funds
During its first two years (to 31 December 2019) the trustees expected Mosaik Education to operate without unrestricted reserves. The trustees believe that the
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financial risks arising from this position are mitigated through the combination of:
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a clear delegated authority structure for all expenditure
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regular trustee oversight of all expenditure
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full overhead recovery and contingency included in all applications for grant funding
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seed funding to cover initial operating costs
By the end of its first 5 years, and on an on-going basis, the trustees aim to hold reserves equal to 3-6 months of essential operating costs. The trustees believe that this level of reserves is sufficient to cover any:
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short-term cash deficits arising from non-renewal or an unforeseen delay in restricted grant funding;
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unforeseen costs to deliver agreed project outcomes not covered by the project budget;
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unforeseen day-to-day operating costs;
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emergencies.
On 31 December 2021, Mosaik Education had unrestricted reserves of £21,490 (2020: £7,742) and restricted reserves of £0 (2020: £19,059). Unrestricted reserves provide 2.7 months of cover for essential operating costs based on the 2021 budget approved by the board. This is just under our reserves policy. Subsequent to year end Mosaik has secured additional funding to cover activities to the end of December 2021 and has a number of applications in progress to secure further funding.
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Structure, governance and management
Mosaik Education is a charitable incorporated organisation and registered as a charity on 1 February 2018.
Trustees
The trustees are responsible for establishing clear strategic goals for Mosaik Education. These goals, together with performance targets, are established annually, and the chief executive reports on them at trustee meetings. According to their skills, experience and interests, trustees take responsibility for one or more areas of activity.
Recruitment, induction and training
Trustees regularly complete a skills assessment and use this as a basis for deciding whether to recruit new additional trustees to complement the existing board’s skills and experience. Board vacancies are advertised externally. Applications are screened, and short-listed applicants are invited to meet with representatives from the board and management team. On appointment, each trustee completes a register of interests, which is renewed annually. When new trustees are recruited, their training needs are assessed and met as necessary.
Management, staff and volunteers
While the trustees are responsible for establishing Mosaik Education’s strategic goals, day-to-day activities are directed by the chief executive. The chief executive is responsible for developing strategies, products, and services within overall guidelines, and implementing policies set by the trustees. He or she is responsible for representing Mosaik Education externally and for ensuring that Mosaik Education’s values are communicated and observed. He or she is also responsible for the recruitment, training, and development of staff and volunteers.
During the year ended 31 December 2020, Mosaik Education did not employ any staff. The team comprises six paid contractors and six volunteers.
Risks
Mosaik Education has a risk management process in place to enable the trustees and the chief executive to assess the risks facing the charity, and to devise and implement strategies and controls to mitigate or address these risks. A comprehensive risk register is maintained and is reviewed regularly by the chair and by the trustees. The board considers the following to be highest risk areas:
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Financial risk
Mitigation
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Prioritise funding pipeline and look to diversify potential funding sources
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Failure to secure adequate funding to plan for next 2 years.
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Target set for 3-6 months running costs reserves from 2020, and staggered targets included in 2019-2021 strategy KPIs
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Ideal reserves policies not met
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Gaps in funding lead to cash flow difficulties
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CEO or Finance Advisor to provide a budget forecast at each quarterly meeting and to review monthly management accounts with an accountant/finance advisor on board.
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Grants in pipeline are delayed or cancelled
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• Loss on exchange rates as a result of dealing with different currencies
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Regular communication with grant manager and timelines on approval
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Failure to comply with donor imposed restrictions
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Include contingency to account for FX rate loss in the budget for 2022. Aim to receive funds and make contracts in GBP
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Fraud or error
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Non-compliance with anti terrorism legislation.
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Regular review of grant agreements
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• Regular finance reporting to the board. Fraud policy introduced. Staff trained.
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If transfers required to states under bank legislation, take advice from other NGO actors
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Operational risk
Mitigation
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One Trustee + finance advisor review of all project applications greater than £50000
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Unable to deliver on commitments to donors - contractually too ambitious.
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• Failure to secure staff that can deliver - including staff turnover
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Ensure adequate policies and funding to enable staff employment that can include on the job training and incentives.
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Failure to continue to be innovative as a result of time spent implementing programmes
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Creation of an advisory group of the Mosaik Education that includes at least one member with sufficient qualifications to ensure the organisation is bringing in innovative ideas relevant to its mission.
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Competition from similar organisations
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Restrictions on employment policy make it difficult to hire key personnel from the region
- Charity senior management to regularly monitor sectors relevant to the charity’s mission and conduct analysis as part of annual report on strategy.
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Over dependence on volunteers for critical activities
- Advertise widely and get sound legal advice.
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Travel of staff to areas with safety risk
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• Failure to document procedures and other key files
- When taking on new activities ensure taking on sufficient staff. Robust induction process for volunteers and description of tasks and expectations in volunteer agreements.
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Failure to adequately back up key IT systems.
- Staff agree to a set of security guidelines and travel insurance is taken out in all cases. -
Abuse of vulnerable beneficiaries
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COVID-19 outbreak disrupting equipment • access/facilitation
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Ensure back-up procedures are tasked out and are regularly reviewed.
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Activities facilitate spread of COVID-19
- Safeguarding policy, code of conduct and reporting mechanisms in place.
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Instability forces programme to stop or become irrelevant
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Develop an online option to deliver independently; keeping up to date with partners on programmes that will be able to run
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Track political developments
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Reference and administrative details
| Charity registration number | 1176947 |
|---|---|
| Trustees & Board Advisors | Frances Guy (Chair) |
| Sarah Broad | |
| Sianne Haldane | |
| Diana Laurillard | |
| George McNamara | |
| Salim Salamah (Board Advisor) | |
| Chief executive | Ben Webster |
| Registered ofce | Hatch Peckham, Level 4, Peckham Levels, 95A Rye Lane, London, SE15 4ST |
| Bankers | Barclays Bank plc |
| Leicester, LE87 2BB |
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Independent Examiner’s report to the Trustees of Mosaik education
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2021 which are set out on pages 16 to 27.
Responsibilities and basis of report
As the charity trustees of Mosaik Education 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 Mosaik Education’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 Act.
Independent Examiner’s statement
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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a. accounting records were not kept in respect of the Society as required by section 130 of the Act; or
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b. the accounts do not accord with those records.
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c. The accounts did not comply with the applicable requirements concerning the 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.
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.
Signed:
Hilary Adams BA FCA Chartered Accountant 41 Freeman House Keepers Close Canterbury CT1 3YG
Date: 31/10/22
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Statement of financial activities for the year ended 31 December 2021
| Notes | Unrestricted | Unrestricted | Restricted |
Restricted |
2021 |
2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||||||
| Income | £ | £ | £ | £ | |||||
| Donations and | 2 | 32,454 | – | 32,454 | 12,971 | ||||
| legacies | |||||||||
| Charitable activities | 3 | – | 30,467 | 30,467 | 92,582 | ||||
| Other income | 3 | – | 3 | 58 | |||||
| Total income | 32,457 | 30,467 | 62,924 | 105,611 | |||||
| Expenditure | |||||||||
| Raising funds | – | 2,500 | 2,500 | 5,625 | |||||
| Charitable activities | 18,709 | 47,026 | 65,735 | 98,163 | |||||
| Total | 4 | 18,709 | 49,526 | 68,235 | 103,788 | ||||
| expenditure | |||||||||
| Net income / | 13,748 | (19,059) | (5,311) | 1,823 | |||||
| (expenditure) for | |||||||||
| the year | |||||||||
| Balance brought | 7,742 | 19,059 | 26,801 | 24,978 | |||||
| forward | |||||||||
| at 1 January | |||||||||
| Balance carried | 21,490 | - | 21,490 | 26,801 | |||||
| forward | |||||||||
| at 31 December |
All of the above results are derived from continuing activities; all gains and losses recognised in the year are included above. Movements in funds are disclosed in notes 10 and 11 to the financial statements.
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Balance sheet as at 31 December 2021
| Current assets | 2021 £ | 2021 £ | 2020 £ | |
|---|---|---|---|---|
| Cash | 18,335 | 33,585 | ||
| Debtors | - | - | ||
| Accrued income | 8,602 | 3,881 | ||
| Prepayments | - | - | ||
| Current Assets | 26,937 | 37,466 |
||
| Creditors | 2,400 | 8,870 |
||
| Deferred Income | - | - | ||
| Bank Loan | 3,000 | - | ||
| Accruals | 47 | 45 | ||
| Current liabilities | 5,447 | 8,915 |
||
| Net current assets | 21,490 | 28,551 | ||
| Non-current liabilities | - | 1,750 | ||
| Net assets | 21,490 | 26,801 | ||
| Funds | ||||
| General Funds | 21,490 | 7,742 | ||
| Restricted Funds | - | 19,059 | ||
| Total Funds | 21,490 | 26,801 | ||
| (0) | - | |||
| Funds | ||||
| Surplus b/f | 26,801 | 24,978 | ||
| Surplus current Year | (5,311) | 1,823 | ||
| Total funds | 21,490 | 26,801 |
27/10/2022 The financial statements were approved by the Trustees on and signed on their behalf by:
Frances Guy, Chair
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Cash flow statement for the year ended 31 December 2021
| 2021 2020 £ £ |
|
|---|---|
| Net income | (5,311) 1,823 |
| Adjustments for: Non-cash activities: Conversion of loan to donation |
(1,750) (3,000) |
| Interest income | (3) (58) |
| (Increase)/Decrease in debtors | (4,721) (3,045) |
| (Decrease)/Increase in creditors | (6,468) (581) |
| Net cash provided by operating activities |
(18,253) (4,861) |
| Cash fow from investing activities | |
| Investment income—bank interest | 3 58 |
| Net cash provided by investing activities | 3 58 |
| Cash fow from fnancing activities | |
| Interest free loan | 3,000 - |
| Net cash provided by fnancing activities Change in cash and cash equivalents in the year |
3,000 - |
| (15,250) (4,803) |
|
| Cash and cash equivalents at the beginning of the year |
33,585 38,388 |
| Cash and cash equivalents at the end of the year |
18,335 33,585 |
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Mosaik Education Notes forming part of the financial statements
1. Accounting policies
The following accounting policies have been applied consistently in dealing with items which are material in relation to the financial statements.
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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (September 2015) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular, the trustees have considered the charity’s forecasts and projections and have taken account of pressures on donations and grant income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b. Public Benefit Entity
In reviewing Mosaik Education’s aims and planning future activities, the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit. Our vision and mission show that Mosaik Education is committed to working with communities and technology to support refugees into higher education. Our beneficiaries are therefore refugees.
All our activities contribute to our strategic aims and are for the benefit of the public. This report has set out Mosaik Education’s activities and achievements and illustrates how they benefit refugees. The charity meets the definition of a public benefit entity under FRS 102.
c. Income
All income is included in the statement of financial activities (SOFA) when it is probable that the income will be received and the amount can be quantified with reasonable accuracy.
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Donations are recognised when received.
-
Gifts are taken into account on a receivable basis, but only when capable of exact financial measurement.
-
Restricted grants are recognised as income when they become receivable. Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions, the income is deferred.
d. Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Expenditure is allocated to the particular activity where the cost relates directly to that activity, along with any associated irrecoverable VAT.
e. Expenditure on raising funds
Expenditure on funds relate to the costs incurred by the charitable company in developing relationships with third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.
f. Fund accounting
Funds held by the charity are either restricted or unrestricted.
-
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.
-
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
g. Taxation
The charity is exempt from taxation on its charitable activities.
h. Financial instruments
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Financial assets, such as cash and debtors, are measured at their present value of the amounts receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities, such as trade creditors, loans and finance leases, are measured at the present value of the obligation. An equity instrument is any contract that evidences a residual interest in the assets of Mosaik Education after deducting all of its liabilities.
i. Debtors
Trade and other debtors 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.
j. Cash
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.
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, with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method.
l. Foreign currency
The charity’s functional and presentation currency is pounds sterling. Foreign currency transactions are translated at the spot rate of exchange on the date of the transaction. Foreign currency balances are translated at the spot rate of exchange on the balance sheet date. Any gain or loss arising is charged to the SOFA
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m. Judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
n. Statutory information
Mosaik Education is a charitable incorporated organisation. The registered office address is Hatch Peckham, Level 4, Peckham Levels, 95A Rye Lane, London, SE15 4ST.
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2. Donations and legacies
| 2. Donations and legacies | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Donations from or on behalf of trustees | 9,045 | 6,050 | |
| Other donations | 23,409 | 6,921 | |
| Total donations and legacies | 32,454 | 12,971 |
All income from donations and legacies was unrestricted.
3. Restricted revenue
| 2021 2020 £ £ |
|
|---|---|
| Programming activities Total restricted revenue |
DfID 0 12,343 |
| Open University 13,907 - |
|
| Maanch 0 5 |
|
| British Council 0 25,000 |
|
| IDEO 0 45,234 |
|
| Al Tajir 10,000 5,000 |
|
| Bates Wells 0 2,000 |
|
| University of Reading 4,956 3,000 |
|
| Employee Donation 1,604 - |
|
| 30,467 92,582 |
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4. Expenditure
| 4. Expenditure | |
|---|---|
| Cost of raising funds Charitable activities 2021 Total 2020 Total £ £ £ £ |
|
| Direct programme costs | Contracted staf 2,500 32,973 35,473 68,655 |
| Travel & subsistence – 969 969 5,906 |
|
| Local co-design facilitation – – – - |
|
| Programme delivery cost – 6,738 6,738 13,549 |
|
| Other direct costs – 1,086 1,086 3,239 |
|
| Governance | Contracted staf – 1,000 1,000 2,250 |
| Audit fees – – – – |
|
| Trustee recruitment – – – – |
|
| Support costs | Contracted staf – 18,662 18,662 5,771 |
| Travel & subsistence – 240 240 39 |
|
| Ofce costs – 242 242 881 |
|
| Website & IT – 2,281 2,281 1,853 |
|
| Insurance – 1,238 1,238 727 |
|
| Professional Fees – 15 15 694 |
|
| Foreign exchange (gain)/loss – 291 291 224 |
|
| Total expenditure | 2,500 65,735 68,235 103,788 |
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5. Trustees’ remuneration and expenses
The trustees neither received nor waived any emoluments during the year and no expenses were reimbursed to trustees.
6. Staff costs
Mosaik Education did not employ any staff during the year. The charity engaged six paid contractors to provide professional services. The total fee paid to these individuals was £76,676.
7. Related party transactions
During the year Mosaik Education received the following from related parties:
| Relationship | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Donations from trustees | 9,045 | 6,050 | |
| Donations from Board Advisors and paid | 2,500 | - | |
| contractors | |||
| Interest free loan from trustees and paid | - | - | |
| contractors | |||
| 8. Debtors and prepayments | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Prepayments | - | - | |
| Gift aid receivable | - | - | |
| Grant receivable | 8,602 | 3,000 | |
| Donations receivable | - | 881 | |
| 8,602 | 3,881 |
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9. Creditors
| 9. Creditors | |
|---|---|
| 2021 2020 £ £ |
|
| Amounts falling due within one year |
Trade creditors 2,400 8,870 |
| Bank loans 3,000 0 |
|
| Accruals 47 45 |
|
| 5,447 8,915 |
10. Analysis of net assets between funds
| Fund balances at 31 | Unrestricted funds | Restricted funds | Total | |
|---|---|---|---|---|
| December 2021 are | £ | £ | ||
| represented by: | ||||
| Current assets | 25,337 | 1,600 | 26,937 | |
| Current liabilities | (3,847) | (1,600) | (5,447) | |
| Non-current liabilities | 0 | – | 0 | |
| Total net assets | 21,490 | - | 21,490 | |
| Fund balances at 31 | Unrestricted funds | Restricted funds | Total | |
| December 2020 are | £ | £ | ||
| represented by: | ||||
| Current assets | 9,492 | 27,974 | 37,466 |
|
| Current liabilities | – | (8,915) | (8,915) | |
| Non-current liabilities | (1,750) | – | (1,750) | |
| Total net assets | 7,742 | 19,059 | 26,801 |
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11. Restricted & unrestricted funds
The funds of the charity include restricted funds. These 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 can be used in accordance with the charitable objects at the discretion of the trustees.
| Fund | At the start | Income | Expenditure | Foreign | At the end |
At the end |
|---|---|---|---|---|---|---|
| balances at | of the year | exchange | of the year |
|||
| 31 December | gain / (loss) | |||||
| 2021 are | ||||||
| represented | ||||||
| by: | £ | £ | £ | £ | £ | |
| Restricted | 19,059 | 30,467 | (49,235) | (291) | - | |
| funds | ||||||
| Unrestricted | 7,742 | 32,457 | (18,709) | – | 21,490 | |
| funds | ||||||
| Total funds | 26,801 | 62,924 | (67,944) | (291) | 21,490 | |
| Fund | At the start | Income | Expenditure | Foreign | At the end |
|
| balances at | of the year | exchange | of the year |
|||
| 31 December | gain / (loss) | |||||
| 2020 are | ||||||
| represented | ||||||
| by: | £ | £ | £ | £ | £ | |
| Restricted | 24,494 | 92,582 | (97,793) | (224) | 19,059 | |
| funds | ||||||
| Unrestricted | 484 | 13,029 | (5,771) | – | 7,742 | |
| funds | ||||||
| Total funds | 24,978 | 105,611 | (103,564) | (224) | 26,801 |
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12. Financial commitments
As at 31 December 2021 Mosaik Education was not committed to making any payments under non-cancellable operating leases.
13. Post balance sheet events
Since the end of 2021, Mosaik has signed two new grants contracts with the UN Refugee Agency, Choose Love (leading the Funders for Refugee Leadership in Lebanon consortium) and Theirworld. Mosaik has paid off a £3,000 loan as part of the UK Government’s Bounce Back Loan Scheme.
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