**REGISTERED COMPANY NUMBER: CE018691 (England and Wales) REGISTERED CHARITY NUMBER: 1185118** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2021 for Intouch Global Foundation Intouch Global Foundation Contents of the Financial Statements for the Year Ended 31 July 2021 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 9| |Detailed Statement of Financial Activities|10| Intouch Global Foundation ## Report of the Trustees ## for the Year Ended 31 July 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated Organisation, as defined by the Charities Act 2011 (the 2011 Act). ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE018691 (England and Wales) **Registered Charity number** 1185118 ## **Registered office** Fountain House Great Cornbow Halesowen B63 3BL ## **Trustees** Ann Wilson Trustee Camilla Frederika Phillips Trustee Nick Edmund Burton Trustee Yu-lin Wilson Chair Approved by order of the board of trustees on 27 July 2022 and signed on its behalf by: Yu-lin Wilson - Trustee Page 1 Independent Examiner's Report to the Trustees of Intouch Global Foundation ## **Independent examiner's report to the trustees of Intouch Global Foundation ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sajjad Jaffer ACCA - 27 July 2022 Page 2 Intouch Global Foundation ## Statement of Financial Activities for the Year Ended 31 July 2021 |Year Ended
31.7.21
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
268,044
Investment income
3
45
**Total**
268,089
**EXPENDITURE ON**
**Charitable activities**
4
Donations
251,150
Administrative Expenses
7,720
Other
1,671
**Total**
260,541
**NET INCOME**
7,548
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
130,271
**TOTAL FUNDS CARRIED FORWARD**
137,819|Period
2.9.19
to
31.7.20
Total
funds
£
330,000
266
330,266
189,093
9,184
1,718
199,995
130,271
-
130,271| |---|---| The notes form part of these financial statements Page 3 Intouch Global Foundation ## Balance Sheet ## 31 July 2021 |Notes
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|31.7.21
Unrestricted
fund
£
140,411
(2,592)
137,819
137,819
137,819
137,819
137,819|31.7.20
Total
funds
£
131,567
(1,296)
130,271
130,271
130,271
130,271
130,271| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 27 July 2022 and were signed on its behalf by: Yu-lin Wilson - Trustee The notes form part of these financial statements Page 4 Intouch Global Foundation Notes to the Financial Statements for the Year Ended 31 July 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 5 continued... Intouch Global Foundation ## Notes to the Financial Statements - continued ## for the Year Ended 31 July 2021 |**2.**
**DONATIONS AND LEGACIES**
Year Ended
31.7.21
£
Donations
268,044
**3.**
**INVESTMENT INCOME**
Year Ended
31.7.21
£
Deposit account interest
45
**4.**
**CHARITABLE ACTIVITIES COSTS**
Donations
Administrative Expenses
**5.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Year Ended
31.7.21
£
Donations paid
251,150
Subcontractor fees
7,720
258,870|Period
2.9.19
to
31.7.20
£
330,000
Period
2.9.19
to
31.7.20
£
266
Direct
Costs (see
note 5)
£
251,150
7,720
258,870
Period
2.9.19
to
31.7.20
£
189,093
9,184
198,277| |---|---| Page 6 continued... Intouch Global Foundation ## Notes to the Financial Statements - continued for the Year Ended 31 July 2021 ## **6. SUPPORT COSTS** |Governance
Finance
costs
£
£
Other resources expended
375
1,296|Totals
£
1,671| |---|---| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the period ended 31 July 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2021 nor for the period ended 31 July 2020. ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES**| |---|---| ||Unrestricted| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|330,000| |Investment income|266| |**Total**|330,266| |**EXPENDITURE ON**|| |**Charitable activities**|| |Donations|189,093| |Administrative Expenses|9,184| |Other|1,718| |**Total**|199,995| |**NET INCOME**|130,271| |**TOTAL FUNDS CARRIED**|| |**FORWARD**|130,271| Page 7 continued... Intouch Global Foundation |Notes to the Financial Statements-continued
for the Year Ended 31 July 2021
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**10.**
**MOVEMENT IN FUNDS**
At 1.8.20
£
**Unrestricted funds**
General fund
130,271
**TOTAL FUNDS**
130,271
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
268,089
**TOTAL FUNDS**
268,089
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|31.7.21
£
2,592
Net
movement
in funds
£
7,548
7,548
Resources
expended
£
(260,541)
(260,541)
Net
movement
in funds
£
130,271
130,271|31.7.20
£
1,296
At
31.7.21
£
137,819
137,819
Movement
in funds
£
7,548
7,548
At
31.7.20
£
130,271
130,271| |---|---|---| Page 8 continued... Intouch Global Foundation ## Notes to the Financial Statements - continued ## for the Year Ended 31 July 2021 ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
330,266
330,266|Resources
expended
£
(199,995)
(199,995)|Movement
in funds
£
130,271
130,271| |---|---|---|---| ## **11. RELATED PARTY DISCLOSURES** During the year, the charity received donations from a related party In Touch Games Ltd, which is registered in England under company number 04629082. Page 9 Intouch Global Foundation ## Detailed Statement of Financial Activities for the Year Ended 31 July 2021 |Year Ended
31.7.21
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
268,044
**Investment income**
Deposit account interest
45
**Total incoming resources**
268,089
**EXPENDITURE**
**Charitable activities**
Donations paid
251,150
Subcontractor fees
7,720
258,870
**Support costs**
**Finance**
Bank charges
375
**Governance costs**
Accountancy and legal fees
1,296
Total resources expended
260,541
**Net income**
7,548|Period
2.9.19
to
31.7.20
£
330,000
266
330,266
189,093
9,184
198,277
422
1,296
199,995
130,271| |---|---| This page does not form part of the statutory financial statements Page 10