COMPANY REGISTRATION NUMBER: 01987368 CHARITY REGISTRATION NUMBER: 293799
World Education Berkshire Company Limited by Guarantee Unaudited Financial Statements
31 May 2021
HARISH MISTRY FCA FFTA
Chartered accountants H B Mistry & Co Tudor House Mill Lane Calcot Reading RG31 7RS
World Education Berkshire
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 20 |
| Statement of financial activities (including income and | |
| expenditure account) | 21 |
| Statement of financial position | 22 |
| Statement of cash flows | 24 |
| Notes to the financial statements | 25 |
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2021.
Reference and administrative details
Registered charity name World Education Berkshire Charity registration number 293799 Company registration number 01987368 Principal office and registered 35-39 London Street office Reading Berkshire RG1 4PS The trustees Colin Date Peter Burt Sam Chaher Hammad Kazi Willem Londeman Pally Randhawa Summreen Sheikh Miriam Rose Operating name Reading International Solidarity Centre Website : www.risc.org.uk Our advisers
Independent Examiner H B Mistry FCA FFTA H B Mistry & Co Ltd Chartered Accountants Tudor House, Mill Lane Calcot, Reading Berkshire RG31 7RS
Bankers The Co-operative Bank 13, New Road Oxford OX1 1LG Triodos Bank Deanery Road Bristol BS1 5AS
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Solicitors Ferguson Bricknell Kingsway House London Road Headington Oxford OX3 9AA
Key management personnel: Trustees and Directors
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:
Colin Date Peter Burt (resigned 19 October 2021) Sam Chaher (resigned 27 July 2020) Hammad Kazi (resigned 19 October 2021) Willem Londeman Pally Randhawa Summreen Sheikh Miriam Rose (appointed 1 September 2020) (resigned 9 November 2020) Karen Peters (appointed 19 October 2021) Adam Peters (appointed 19 October 2021) Katherine Burton (appointed 19 October 2021)
Key personnel: the Collective:
Abha Aggarwal Education Co-ordinator Ruth England Education Co-ordinator Sharon Fitton Food4Families Co-ordinator Fiona Grant Centre Facilities Co-ordinator Zainab Khan Events Co-ordinator Martin Mikhail Centre Co-ordinator Annemieke Palmer Finance Co-ordinator Manju Patel-Nair Education Co-ordinator Dave Richards Publications and Garden projects Co-ordinator Silvia Rizzoli World Shop Co-ordinator
Company secretary Colin Date
Independent examiner H B Mistry FCA FFTA H B Mistry & Co Tudor House Mill Lane Calcot Reading RG31 7RS
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Structure, governance and management
The Trustees are pleased to present their annual report together with financial statements of the charity for the year ending 31 May 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS 102) (effective 1 January 2015).
Trustees Summary of the report:
The past twelve months of our financial report have been particularly hard and stressful for RISC's staff and volunteers. There has been much uncertainty and extra pressure on the few staff still employed as they have had to keep RISC running. This has meant extra tasks and having to adapt to different ways of working. For those staff on furlough there have been different challenges.
The pandemic has meant that all aspects of RISC's work have been in lockdown from 20th March, 2020, until the reopening of the shop on the 1st August of that same year. One very successful new project has been the Global Refills Shop which opened on 1st October. Most of RISC's paid staff have been furloughed or on the flexible furlough scheme throughout this time.
For the education team Covid -19 has had a huge impact as they and the schools they work with have had to become familiar with very different ways of working.
In the wake of the killing of George Floyd and the rise of the Black Lives Matter protests the education team have helped schools and authorities develop Anti Racist School strategies. In particular with a team of Reading lead teachers, advisors and headteachers; another time with teachers from Wokingham. Another outcome of the protests was a revaluation of the history curriculum in schools. This led to the Global Histories Project incorporating pre-colonial, colonial and post-colonial African and South Asian history. The team have worked closely with history lecturers at The University of Reading and provided opportunities for their students to develop resources and lesson plans incorporating ideas from the new Global Histories Project. They also delivered Racial Literacy Training to 25 lecturers in the School of Education at the same university. RISC's education team have also delivered online workshops to the University of Cork.
The team has spent time this year improving the delivery of our online training, adapting materials for online delivery and at the same time ensured the high quality of training was maintained. There has been a variety of courses delivered online including whole school Global Citizenship staff training; Global teacher Award courses; Philosophy for Children with a colleague in Cumbria as we continue to build a network of local teachers trained in this award. Lastly, Climate Curriculum Training for secondary teachers with Leeds Development Education Centre. Overall, we have had a good response to online training and so post Covid we will continue to run online courses besides face to face training.
The education team continue to work with colleagues across the UK in developing shared practice and have attended two online conferences during the year themselves. This year's public events programme was heavily impacted by the Covid -19 lockdowns. In order to fill this education gap caused by the lack of events the RISC team produced a fortnightly newsletter shared with all members, employees, volunteers, supporters and also on social media. We did, however, manage to
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
take part in four very interesting online events jointly organised with other groups. One of these events, organised by RISC on the Reading Black History mural was attended online by over 100 people.
Unfortunately, the International Festival and the Fairtrade Fortnight had to be cancelled due to Covid19 although during Fairtrade Fortnight Martin Mikhail from RISC spoke, online, about our Fair Trade shop and the variety of Palestinian produce we stock.
By contrast, Food4families has done very well during 2020 and the early part of 2021! The gardens could remain open as a permitted activity with various Covid -19 restrictions and obligations in place. This was very much appreciated by those without their own outdoor space. In response to the pandemic there were a number of new initiatives. We provided seeds, compost and plug plants to enable some to continue to grow food at home backed up with a facebook page giving advice; a cookery blog was provided on our website and we opened some of our sites for open days.
We have expanded the food growing space at four sites as part of our "Veg4Reading". project. Over 60 residents signed up to volunteer for this project. It distributes fresh food to vulnerable local people and, to date, over 1500 meals and food parcels per month have been delivered. Many of the volunteers are still involved and have reported an improvement in their wellbeing. In February over 77 new volunteers, many of them garden novices, were recruited for the "Grow for Reading" project. In addition, a primary school, a special needs school and a scout troop of 71 participated in online training for seed growing on a large scale.
There have been several other successful achievements for F4families over the reporting period. An increase in the overall harvest in the gardens is expected despite the cold spring. The volunteer growers from Lavender Place Community Garden won a national competition to design a wellbeing garden. Some volunteers participated in an Open University "Digital Storytelling" project whereby they were trained to record the benefits of gardening on their smart phones. This will help Food4families internal monitoring and evaluations in the future.
We played an integral part in the organisation of a socially distanced Reading Town Meal in 2020 and have started planning for the 2021 Town Meal.
The team have worked with "British Islamic gardens" to create a community garden in the grounds of East Reading's Aisha Mosque. The Mosque has also become Reading's first Fair-Trade mosque. The Mosque now has a large group of people engaged with sustainability issues and they are keen to raise awareness within their own communities and to forge links with others such as gardening groups.
Lockdown has meant the closure of the roof garden. Dave, however, has made three short videos about the roof garden and delivered his regular lecture on Sustainable Urban design from the garden. We thank Mary and Michele for their ongoing roof garden maintenance.
The Aisha Mosque is using the "Islam in Britain" exhibition for its school visits. Later it will be displayed on the site.
Dave has updated Bente's "Slavery Links" exhibition with an annotated map published in both digital and hard copy formats. The work is being integrated into the education team's Global History project including a YouTube presentation.
The World Shop reopened on the 1st August, staffed, initially, only by the coordinator and supervisors. Adjustments were made in the shop to ensure that the shop's Covid -19 protocol was strictly followed. The high street footfall during Christmas 2020 was down 43% whereas the footfall in RISC's World Shop only decreased by 35% which meant we continued to trade in profit. Over the whole financial year the profit was £7,734. At the beginning of the year the shop coordinator produced new training
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
materials for staff and volunteers about the products, suppliers and shop procedures. She has also been working on a shop handbook incorporating a social media policy.
All new stock that comes in is routinely bar coded, priced on the back cover and entered into the data base. Stock levels of most titles are reduced to a maximum of two copies to free up space and reduce overstocking.
Katie regularly posts about the books on social media resulting in higher customer feedback and sales. Other income sources include being a network member of Hive for which we receive commission when used by customers and booksellers.org which is an association of independent bookshops promoting and selling books online with all the profits shared out amongst the members.
Carl works closely with the education team and Zainab, in particular, to promote certain books at the appropriate times.
From the 1st of October we were very pleased to be able to open the Global Refills shop after much research, planning and handiwork. This was the first new commercial project undertaken by RISC for several years and was enthusiastically endorsed and supported by the Collective. Silvia took responsibility for setting it up and running the shop after Martin had managed the project through to completion. It has been a great success and all the setting up costs were recouped from the sales in the Refill shop by the Spring so that by the end of the financial year it was a profitable business.
Due to Covid-19 and government restrictions placed on the hospitality sector the Global Cafe has only been able to open for five weeks from the beginning of October 2020 during the day time in the period this report covers. We are, with regret, consulting with the cafe staff over redundancies due to our inability to trade profitably. This has included the Cafe Coordinator for the last 15 years. We thank him for his contributions and dedication to the organisation.
We have taken the decision to act cautiously in these uncertain times and currently plan to reopen the Cafe in 2022.
Early on in March, 2021 there was an increasing number of cancellations for the meeting rooms. Towards the end of March the meeting rooms were closed for the remainder of the reporting period. Nevertheless, over the year 261 groups hired a meeting space from us and 79% of room usage has come from voluntary and community groups. Unfortunately, due to the loss in income from the room bookings Michele left the RISC Collective at the end of April. Michele took on various roles whilst at RISC for which we we are very grateful. Most recently she has been helping Fiona and has also been involved with the Food4families project.
The community offices continued to provide a steady source of income and have enjoyed full occupancy throughout the year. This includes four voluntary sector tenant organisations.
The four residential flats above the cafe are owned by the charity as investment properties and have all been let throughout the year.
Health and Safety remains an important aspect of building management. A schedule of servicing, testing and staff training continues throughout the year.
The RISC 2040 project, which was made possible by a grant from the Earley Charity Bicentenary Fund for capital improvements to the community facilities began in October 2019 with the "greening" of the washrooms; new flooring in meeting room 3 and a tiered seating system for the hall. In February the old goods lift in the foyer was removed and a new store room created. An additional evening meeting place has also been created. After this the project was suspended with just over 50% of the works completed, due to the pandemic. Improving the foyer area will begin, hopefully, in the near future with a view to
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
completion of the project by the end of 2021.
So at the end of May, 2021, our bank balance is looking good thanks to the government's furlough scheme; mortgage payment holidays; council grants; an insurance claim and support loans. As mentioned at the beginning, though, the trustees appreciate how hard the year has been for everyone. As always we thank the many volunteers who have been a tremendous help especially in the World Shop and the very successful Global Refill shop when they returned in September. Our presence on the high street by remaining open all but four months and keeping the public informed through social media, has been a huge credit to the organisation. Let us hope for a much less stressful and successful future!
Objectives and activities
The company's objects and principal activities, according to the Memorandum of Association are to:
Promote, maintain, improve and advance public education, particularly by the promotion of education in world problems of hunger, disease, poverty and ignorance and the solution thereof and the economic and other problems of developing countries in their relationship with other countries whose economics are better advanced and developed.
- Promote the voluntary sector by the provision of shared office space and facilities.
The main objectives and activities of the charity for the year continued to be to focus on the promotion and advancement of public education.
RISC aims to spread awareness and understanding of the inter-relationships between individuals in their local communities and world issues. RISC also works to develop the skills, attitudes and values that enable people to take control of their own lives, and to work towards a more just world. These various aims were embedded into our Global Citizenship work. We also reach the community through coordinating of events which bring together many similarly minded groups in Reading through the two long running annual events of the "Reading International Festival" and participation in "Fair Trade Fortnight". We provide a programme of other events throughout the year including a flourishing book group and a world film club besides speakers on various topics. Our very popular urban roof garden attracts wide interest and the associated outdoor classroom work encourages sustainability and global education. RISC's Food4families project gives practical help and advice for communities to set up their own allotment schemes and courses on preparing healthy meals from the vegetables they grow.
Several meeting rooms provide affordable meeting space for local groups and this remains one of our priorities; our success in achieving this is shown by the fact that 79% of the room usage over the year is by local groups. Our community office spaces provide a steady source of income and they have shown 100% occupancy throughout the year.
The strategies employed to assist the charity to meet these objectives included the following:
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Continuing to promote our in house produced resources such as teaching packs.
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Organising a programme of events and exhibitions on global issues.
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Developing an urban roof garden for local and global education.
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Promoting campaigns on local and international issues.
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Providing a loan service of artefacts and education packs for school and youth workers.
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Selling fair trade, organic and environmentally friendly products.
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Giving work experience opportunities for volunteers.
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Selling books and development education resources, fiction and non-fiction for children and adults on global issues.
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Provision of shared office space and community facilities.
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Putting these strategies into action we have seven major areas of activity which are: an educational project and programme, a public events programme, the "Food4 Families" project, the roof garden, the world shop, the cafe and the letting of a hall, rooms and office spaces for community use. Below follows a more detailed report on each of these areas of WEB/RISC's work.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The Education report:
The coronavirus has had a huge impact on schools and they have had to get used to very different ways of working. This has therefore had a knock-on effect in the ability of schools to engage with our work but it has also offered opportunities to develop online training for teachers and reach a wider audience. The Education Team have been on flexible furlough for the full year covered in this report.
Anti-Racist Practice in Schools:
In the wake of the killing of George Floyd and the rise of Black Lives Matter protests, we were aware that schools were looking for ways to respond and were seeking support for developing anti-racist practice in schools.
We held a webinar to begin discussions with schools and to provide a signpost to useful resources.
Following the webinar we delivered a half day training course online to the staff at Coley Primary School.
Over the year we have worked to support Wokingham Borough Council with developing their Anti-Racist school strategy. We have delivered two half day trainings to a team of advisors, headteachers and teachers from Wokingham to support them in putting together a strategy and action plan which will be rolled out to schools in the next academic year.
Brighter Futures for Children, the Advisory Service to schools in Reading, have undertaken two half day trainings with us in developing a Reading Schools Anti-Racism Strategy. Their team of lead teachers has also completed a training for trainers course with us which was two half day training sessions developing confidence, knowledge and skills in delivering racial literacy training for school staff.
Global Histories Project:
Our funding bid to the Heritage Lottery Fund was successful in March 2021 following its cancellation the previous year due to the pandemic. The Global Histories project will be delivered over the academic year 2021/22 and will work with teachers in Reading to develop history projects to ensure that schools give a contextualised understanding of British History which includes pre-colonial, colonial and postcolonial African and South Asian history.
A training programme will be delivered and different Key Stage working groups will develop and trial resources to be shared widely in July 2022.
The University of Reading:
We have worked closely with the History Lecturers in the School of Education this year and provided opportunities for PGCE Secondary History students to engage in research projects to develop resources and lesson plans on teaching and learning about pre-colonial and colonial histories.
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Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
We delivered a Racial Literacy Training to 25 lecturers in the School of Education who have initiated a working group on decolonising and diversifying the teacher training courses.
The University of Cork:
Abha worked in an advisory role with a lecturer, Dr Gertrude Cotter, in the School of Education at the University of Cork to develop their modules in Development and Global Citizenship Education.
This also included delivering online workshops on one of the modules to develop Global Citizen-ship schemes of work with a focus on forced migration.
Online Training:
We spent time this year improving our online training and adapting our materials for online delivery whilst ensuring the high quality of training was maintained.
Despite the extra pressures on schools we were still able to recruit teachers to training courses and the online delivery made the course more accessible for busy teachers.
A full day Whole School Global Citizenship: Staff training was delivered online to Charlton on Otmoor Primary School in Oxfordshire.
We delivered two Global Teacher Award: courses (two half day trainings) in the Autumn and Summer Term funded by the Connecting Classrooms through Global Learning Programme.
We hosted a Philosophy for Children: Level 1 course (two half day trainings) with our colleague in Cumbria Jane Yates, and continue to build a network of P4C trained teachers in our region.
In March we delivered Climate Curriculum Training: for Secondary Teachers with Leeds DEC to share their recently created resources and online training for teachers to support embedding Climate Change into curriculum areas in Secondary schools.
We have had a good response to online training which shows there is an appetite for it and we should continue to run online as well as face to face training post Covid.
Consortium of Development Education Centres:
We continue to work with colleagues across the UK in developing shared practice and have attended two conferences this year online.
Ruth is on the Anti-Racism working group developing practice across DEC's in this area.
Future plans:
The current education team are keen to have a locally based Coordinator who is based in the RISC building. Current staff will be moving to become freelance associates who will deliver training and produce resources when required at the request of the newly appointed local coordinator.
Public Events programme:
This year's events programme was heavily impacted by the Covid-19 lockdowns.
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
The Newsletter:
In order to fill in the education gap caused by the lack of events as a result of Covid-19 lock-downs, the RISC team produced a fortnightly newsletter shared to all members, workers, volunteers and supporters and also on social media. It contained news of campaigns, educational resources and news on all aspects of RISC's work.
RISC did however, manage to take part in four very interesting online events jointly organised with other groups:
27th Jan Time to curb the power and influence of transnational corporations?: A joint online event with the Reading Global Justice group.
26th Feb Climate & Cultivation: A Palestinian Perspective: part of Fairtrade Fortnight. A joint online event with Reading Kairos. Martin Mikhail from RISC spoke at this event.
24th March Examining Reading's Central Club Black History Mural: kings, queens, colonialism & rebellion.: This was an online event. RISC invited the artist who created the Reading Black History Mural. This event was attended by 100 people.
26th May Grasping the Nettle of Aviation Emission.: A very inspiring joint online event, again with the Reading Global Justice group as part of the COP26 campaign.:
The International Festival 2020:
Unfortunately the Reading International Festival 2020 was cancelled due to the lockdown and social distancing restrictions. Only two groups were interested in participating. Fairtrade Fortnight 2021:
We were unable to produce a joint events programme for this year's Fairtrade Fortnight due to Covid lockdowns. However RISC collaborated on one online event on the 26th of February (see above). Martin Mikhail from RISC spoke about our Fair Trade shop and the variety of Palestinian produce we stock.
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Food4families report:
Food4families had a surprisingly positive 2020 and early 2021 as under government guidelines the gardens could remain open as a permitted activity albeit with reduced numbers, social distancing and with tools and hand washing stations. This was especially appreciated by those without their own outside space.
We also set a number of new initiatives in response to the pandemic:
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We provided seeds, compost and plug plants for residents during lockdown so they could continue
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to grow at home, supported through a new Facebook page giving ideas and advice on what to grow 'The Tiny Veg Patch'. www.facebook.com/Tiny-Veg-Patch-112359373727343
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We set up a cookery blog on our website to demonstrate what residents could create with the
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seasonal fruit & vegetables they were growing or buying. www.food4families.org.uk/CookeryBlog.cfm
We opened some of our sites for open days as part of The Gardening for Health and Wellbeing Network publicity week and Heritage open days.
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
We recruited over 60 residents, who signed up to volunteer with Team Reading, to expand the food growing space at four sites as part of our new Veg4Reading project. This was set up in June, as a response to Covid- 19 to distribute surplus locally grown fresh fruit and vegetables to six local organisations that have been feeding vulnerable local people. To date one tonne of surplus, equivalent of £4450, has been collected and redistributed, included in over 1500 meals and food parcels per month.
In February 2021 over 77 new volunteers, many of them garden novices, were recruited for the "Grow for Reading" Project in collaboration with Transition Town Reading. We distributed seeds, pots and compost for people to propagate at home for later distribution to the V4R gardens. In addition a primary school, a special needs school and a scout group of 71 also participated in online training and grew industrial quantities of seedlings. The surplus was given for people to grow at home.
Many of the volunteers who signed up to the initial Veg4Reading project are still involved in growing at the
sites, and have reported that their sense of wellbeing has improved. It is apparent that these initiatives met a need for people to be able to contribute, make a difference and feel part of their community. During lockdown, they appreciated the access to the green spaces of community gardens in an otherwise urban environment.
Other achievements:
Despite the cold spring that delayed planting our gardens have increased their cultivated area and as a result we expect an increase in the harvest.
Volunteers from Lavender Place Community Garden won a national competition to design a wellbeing garden organised by Social Farms and Gardens. The garden will be formally opened in August 2021.
Some garden volunteers participated in an Open University "Digital Storytelling" project that provided training in how to use smart phones to record testimony of the benefits of community garden for health and wellbeing during the pandemic. This will contribute to policy recommendations as well as F4F internal monitoring and evaluation.
We developed and implemented two new courses, which we are running at two locations this autumn. Growing Healthy Conversations, eight sessions where residents can practice their English at the same time as learning gardening skills. And "Growing Careers" for those wishing to explore a career in horticulture. The participants experience a variety of practical tasks that they could be doing if they got a job in horticulture. All four courses have been oversubscribed. We have plans to continue to run another six courses during 2021.
We have worked with "British Islamic Gardens" to create a new community garden in the grounds of East Reading's Aisha Mosque. This has broadened our presence among the Muslim community. The Mosque has become Reading's first fair trade mosque and we have piloted an online global gardens course for homeschoolers.
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
The mosque now has a large group of people who are engaged with sustainability issues and keen to raise awareness in their own community and build bridges with other groups and F4F gardens. They will take part in the Town Meal and Reading Green Wellbeing Network.
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We played an integral part in the organisation of a socially distanced Reading Town Meal in 2020
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and started the planning for Reading Town Meal 2021
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We have completed six funding applications to various funders, three of which we were successful
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in securing £46,842 and ten of which we are still waiting on the outcome of.
The Roof Garden:
Lockdown has meant the closure of the roof garden to the public, even when regulations eased. However, Dave did deliver his regular lecture on Sustainable Urban design on the roof garden and an additional presentation on community gardening at Lavender Place.
Dave made three short videos about the roof garden including a video presentation about the technical aspects of the roof garden for the inaugural international Agroforestry Symposium organised by Martin Crawford of the Agroforestry Research Trust and participated in a Q&A session. There are
possibilities of future collaboration on developing teaching resources.
- Mary and Michele have continued ongoing garden maintenance.
Challenging-Islamophobia
The collaboration with the Aisha Mosque community garden has given RISC new opportunities to work with the wider Muslim community. The mosque is using the "Islam in Britain" exhibition for its school visits and will display it once indoor social distancing is feasible.
- Dave updated Bente's Slavery Links exhibition with additional research for an annotated map,
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Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
published in digital and hard copy formats to coincide with Black History Month 2020. This work is being integrated into the education team's Global History project, including a YouTube presentation.
Future work:
Our future work is very much dependent on Food4families securing large grant funding otherwise, unfortunately, an alternative strategy will be needed.
The World Shop:
The World Shop reopened on the 1st August 2020, staffed, initially, only by paid employees to reduce the chances of the virus spreading. Volunteers returned in September. Judy has remained furloughed as she has been shielding.
Katie has been given 6 hours per week from October by the marketing group to advertise RISC mainly on social media. Katie has now left the Shop Supervisors' team and she will start a new contract in June as the Marketing Officer for RISC. .Since November, Sarah Stevens has been responsible for the Global Refills Shop, under the supervision of the World Shop Coordinator.
In January, Sam Murray has become a Shop Supervisor and in May, Clara Vidal has also joined the team. Clara is being specifically trained by Sarah about ordering products in the Global Refills Shop.
Shop bi-monthly meetings have continued on Skype. The annual reviews are all completed and new contracts, drafted by Peninsula, are ready to be issued in June.
The World Shop team has worked exceptionally well and shown resilience throughout the pandemic and generally felt supported by the Collective, despite the rest of the building not being staffed.
Longer serving members of staff have been particularly supportive of the new ones and they have worked well together.
Trade:
The high street footfall during Christmas 2020 was down 43% compared to the previous year, whereas the RISC shops decreased by just 35%, so despite all the Covid-19 related challenges, we were very pleased to have survived and made a profit! Even during 2021 so far, despite the new lockdown, figures have been encouraging. From November, the staff cost in the Global Refills Shop has been halved, in line with the initial plan, resulting in a more healthy and profitable operation. During the reporting period the World Shop made a profit of £7,734.
Activities:
At the beginning of the year the shop coordinator produced new training materials for staff and volunteers about products, suppliers and shop procedures. She took part in the reviewing of two RISC policies and concluded the contract with Peninsula for HR support. Silvia has since also been working with Peninsula on a shop handbook incorporating a social media policy. Silvia has been proactively looking for new trustees and she approached two shop volunteers for this role who seem willing to learn more about the role. She has completed and updated the shop risk assessments, bought PPE, fair trade masks, and rearranged the shop to be Covid-19 compliant so it could safely re-open in August.
In her spare time, Silvia has been helping clear the cafe's basement and the rest area. Very importantly she helped set up the new Global Refills shop with a business plan, a budget and recruited volunteers for the rota.
Early in November, due to the second lockdown and closure of the café, the shop coordinator combined
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World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
the World Shop and Global Refills Shop into a single operation so that both shops could stay open during the new lockdown, allowing the World Shop not to lose its Christmas trade.
In Spring, Silvia attended the course and test to enable her to hold an Alcohol Personal License.
She has also been dealing with some shop refurbishment, some pieces of furniture were donated to RISC by a neighbour. These are now used in the shop for displaying crafts and furniture for sale is now on display in the cafe area.
Future plans include:
There is a need to consolidate the World Shop's position again by adjusting to the future challenges of the market.
There will be further training of the team, making them more skilled and independent, enabling Silvia to have longer leave periods.
The Book Shop:
Katie regularly posts the social media book items on the book shop's behalf, which has resulted in higher customer feedback and sales.
The shop recently took possession of a large display unit and Silvia places fair trade items along with books on the unit which is situated between the book section and the end of the till area. It has made this area more inviting and is a welcome addition as shown in the photograph!
All stock that comes in is routinely barcoded and priced on the back cover. Customers and staff are now able to find relevant information more easily, and it proved to be invaluable during the stock taking at the end of May.
Stock levels of most titles will be reduced to a maximum of two books allowing us to free up space for other titles and reduce overstocking.
Two Rivers Press brought out four new publications this year and two of them "Reading's Influential Women" along with "When Reading Really Rocked" were top selling titles at Christmas.
A range of zero waste books are featured in the Global Refills shop and Carl has set up a table specifically for displaying RISC publications in the book area. He looks forward to being able to start working closely with the Education Team again to source relevant books for teachers and schools. Sales of "How Do We Know It's Working? Book 2" are still selling steadily at £30 a copy including P&P thanks to the continued promotion and training by the Education Team. Carl is also working on a
flyer which will list all our RISC publications so they can be included with any purchased titles posted out.
Dave pointed Carl towards the setting up of booksellers.org which is an association of independent
14
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Bookshops coming together online to promote and sell books. The titles are supplied by Gardners books. The profits are all shared out with the shops involved and we have received £1300 to date from them since RISC joined last October.
Another income source is Hive. RISC continues to be a network member of Hive. Since the beginning of March 2020, we have received commission of £5579. This may drop this year as another independent bookshop has set up in Caversham which means anyone using Hive can choose which local shop they would like the commission to go to but Carl will continue to monitor the situation.
Carl signposts any enquires about joining the RISC book club to Kate and has been informing customers of the RISC Book Club Facebook page. The RISC book club continued online during the lock down.
The bookshop's membership of The Bookseller's Association was renewed for the year which means we will receive resources for several promotions throughout the year, including "Independent Book Shop Week" and "Books Are My Bag". We continue to be a member of the Alliance of Radical Booksellers.
We stock a book titled 'Tawny and Maya unique me' and sold one to a young girl who then proceeded to bring her dad in for each day for a week to buy her a book a day! Keen young readers informing their parents!
Future Plans:
Carl will be visiting book companies at the Spring Fair between 7th to the 10th April 2022 to source new titles provided they are cheaper than Gardeners.
Carl will continue to reduce old stock and introduce new titles, continue to work closely with Zainab, who has been a great help, to promote books and events, make use of social media to promote new books and authors, continue to promote Hive and refresh the displays in the shop on a fortnightly.
Carl has recently been posting our publications out to email sale enquiries.
The Global Refills Shop:
We were very pleased to announce the opening of the Global Refill Shop on the 1st October after much
15
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
planning and installing the shelving and containers.
By the end of May 2021 takings had reached £46,024 with a gross margin of 45% making about £12,876 profit which covered the installation costs. Expenditure was £33,148 giving an overall profit of £12,876.
All mark-ups in Global Refills were reviewed in November as we found that many were not adequate. The product range was updated according to sales and customers' feedback. We replaced most lower selling dry goods lines and expanded ranges of stocked flour, household soaps and cleaners and drinks. The focus continues to be on organic foods and drinks; fair trade where possible.
All 'best before" drinks in the Cafe, from October 2020, up to now, have now been sold at reduced price in the Refills Shop to minimise wastage.
We have received excellent feedback regarding cleanliness of the shop as a result of our stringent cleaning routines due to the virus. A much deserved "Thank you" to the fantastic efforts by our volunteers, supervisors and the shop coordinator. About 50% of the feedback replies requested new products; about half of which we have already now implemented. The shop and staff were complimented, in various forms by 39% of the survey: 11% were queries or concerns about the products e.g. the quality of the brown bags, salty bread, hulled hemp seeds and wasteful scales labels as examples. We are addressing these issues.
Future plans:
We would like to expand our dried goods ranges even further; also we would like to stock herbs and spices in the future. We need to review our fruit and vegetable retailing as it is not so popular; maybe a fridge is the answer so it prevents wastage.
Buildings and Community Facilities:
Meeting rooms:
Demand for meeting rooms remained steady until early March 2020 when the seriousness of the Covid -19 pandemic became apparent and cancellations started coming in. The community facilities closed on the 21st March in line with all other areas of the organisation. Over the year, 261 groups hired meeting space with us. Providing affordable meeting space for local groups remains our priority. Out of a total of 5,527 hours of room usage each year 79% came from voluntary and community organisations. Public
16
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
sector (5%) and private sector (13%) bookings make up the rest. Feedback is encouraged and welcomed through a customer feedback survey that is emailed to new users.
Office spaces:
The community offices continue to provide a steady source of income and we enjoyed full occupancy throughout the year. Voluntary sector tenant organisations currently include: The Conservation Volunteers, Nuclear Information Service, Reading Refugee Support Group and Sustrans.
The Flats:
The four residential flats above the Cafe, owned by the charity as investment properties have continued to be let throughout the year providing RISC with a long term income stream.
The Building:
Health and Safety remains an important aspect of building management. A schedule of servicing and testing of appliances, installations and safety equipment is carried out throughout the year along with staff training sessions.
Improving the facilities at RISC is an ongoing priority. In July 2019 we made a successful bid for £36K to the Earley Charity Bicentenary Fund 2020 for capital improvements to the community facilities. The project, RISC 2040, includes provision of an additional meeting room and storage facilities; substantial improvement of existing meeting, training and conference rooms and communal facilities; a new energy efficient central heating system; complete refurbishment and the 'greening' of the washroom facilities. We received two further small grants that contributed to the "greening" of the washrooms from Reading Community Energy Society and Naturesave Trust.
Work started in October 2019 with new flooring laid in Meeting Room 3. A lightweight, collapsible stage and a tiered seating system for the hall was also purchased.
Refurbishment of the washrooms included new flooring, toilet screens, vanity units, basins with automatic taps, electric hand dryers and urinal flush control devices.
In February the meeting rooms were closed for a week during the day time while the old goods lift in the foyer was removed and a new store room created. Skylights were also fitted, increasing the natural light to the room that is being converted into an additional evening meeting space. After these works the project was suspended with just over 50% of the works completed. We continue to receive reduced funding from Reading Borough Council (RBC) via a Community Buildings Transition Fund. This will however end in 2022.
Our team of three caretakers, Emanuella, Adrian and Jan, continue to service the meeting rooms and communal areas of the building and Tara provides administration support in the office along with a team of committed volunteers.
Future Plans:
Our current priority is to try and complete throughout the Autumn the schedule of improvements outlined in the Earley Charity Bicentennial Grant bid which were put on hold due to the Covid -19 pandemic. The main element of work yet to be completed is a redesign of the foyer/reception area to the meeting rooms to make it a more functional and welcoming space.
We are also working on the creation of a new community office to lease on the top floor of the RISC office thus securing further rental income for the organisation.
17
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Financial review
Principal Funding Sources
The charity received £99,612 in grant income (2020 £165,940) of which £82,255 was restricted to specific projects. The Grant income includes £15,357 Covid 19 business support grant. Trading income from World Shop and resources centre generated £140,514(2020 £187,585). Global café generated £6,435(2020 £183,848). Global refill shop generated £46,024. Centre income amounted to £46,474 (2020 £102,448). The rental flats generated £33,905 (2020 £32,850). The charity also received £19,191(2020 £26,771) in donations and £65 (2020 £204) in Bank Interest. The Job retention scheme income (Furlough) amounted to £120,715(2020 £33,431).
Investment powers and policy
Under the Memorandum and Articles of Association the charity has the power to invest in anyway the trustees wish. The trustees, having regard to the liquidity requirements of operating the charity and to the reserves policy, have operated a policy of keeping available funds in a bank current and deposit accounts.
Reserves policy and going concern
The trustees have established the level of reserves, that is those funds that are freely available, that the charity ought to have. Reserves are needed to ensure working capital is available and to bridge the gap between spending on activities and receiving resources through grant funding and sales of resource materials. Reserves are also held to cover possible emergency repairs to the centre, meet loan obligations and other expenditure.
The trustees therefore consider that the ideal level of free reserves, whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. Monthly budgeted expenditure averages £50,000. The target for free reserves is £150,000 to £300,000 in general funds.
At the year end, the free reserves in the general funds stand at £185,012(2020 £158,073). The strategy is to continue to build reserves through planned operating surpluses over the next few years, thus ensuring that the charity can continue to operate in this era of austerity and economic uncertainties compounded by Covid 19 pandemic.
Structure, Governance and Management Governing Document
World Education Berkshire is a company limited by guarantee governed by its Memorandum and Articles of Association dated 7 February 1986. It has been registered as a charity with the Charity Commission since 26 February 1986. Trustees, of whom there are currently eight are obliged to contribute £1 in the event of the charity winding up.
Trustees' responsibilities statement
The charity trustees, who are also the directors of WEB/RISC for the purposes of company law, are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (Generally Accepted Accounting practice.).
Company law requires the charity trustees to prepare financial statements for each year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period.
18
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
In preparing the financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK accounting standards have been followed, subject to any material
-
departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees' annual report:
-
There is no relevant information, being information needed by the independent examiner in
-
connection with preparing their report, of which the charity's independent examiner is unaware, and
The trustees, having made enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
Plans for future periods
The charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. The future plans are highlighted for each of the activity undertaken by the charity under Achievements and performance section of the Trustees report, notably for Public Events Programme, The World Shop, Global café, and Buildings and Community Facilities.
The trustees' annual report and the strategic report were approved on 21[st] October 2021 and signed on behalf of the board of trustees by:
Colin Date Charity Secretary
19
World Education Berkshire
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of World Education Berkshire (continued)
Year ended 31 May 2021
I report to the trustees on my examination of the financial statements of World Education Berkshire ('the charity') for the year ended 31 May 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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.
H B Mistry FCA FFTA Date: 21[st] October 2021 Independent Examiner H B Mistry & Co Tudor House Mill Lane Calcot Reading RG31 7RS
20
World Education Berkshire
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 May 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 36,548 | 82,255 | 118,803 | 192,711 |
| Other trading activities | 6 | 239,447 | – | 239,447 | 473,881 |
| Investment income | 7 | 33,970 | – | 33,970 | 33,054 |
| Other income | 8 | 120,715 | – | 120,715 | 33,431 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 430,680 | 82,255 | 512,935 | 733,077 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 9 | 206,113 | – | 206,113 | 374,489 |
| Expenditure on charitable activities | 10,11 | 197,628 | 96,247 | 293,875 | 320,956 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 403,741 | 96,247 | 499,988 | 695,445 | |
| ================================ | ============================ | ================================ | ================================ | ||
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 26,939 | (13,992) | 12,947 | 37,632 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 1,213,969 | 43,645 | 1,257,614 | 1,219,983 | |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 1,240,908 | 29,653 | 1,270,561 | 1,257,614 | |
| ========================================= | ============================ | ========================================= | ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 25 to 40 form part of these financial statements.
21
World Education Berkshire
Company Limited by Guarantee
Statement of Financial Position
31 May 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 17 | 943,368 | 953,239 |
| Investments | 18 | 620,000 | 620,000 |
| ----------------------------------------- | ----------------------------------------- | ||
| 1,563,368 | 1,573,239 | ||
| Current assets | |||
| Stocks | 19 | 115,509 | 91,416 |
| Debtors | 20 | 30,574 | 4,563 |
| Cash at bank and in hand | 130,027 | 160,804 | |
| -------------------------------- | -------------------------------- | ||
| 276,110 | 256,783 | ||
| Creditors: amounts falling due within one year | 21 | 55,315 | 53,100 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 220,795 | 203,683 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total assets less current liabilities | 1,784,163 | 1,776,922 | |
| Creditors: amounts falling due after more than one year | 22 | ||
| Bank loans and overdrafts | 513,602 | 519,308 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Net assets | 1,270,561 | 1,257,614 | |
| ========================================= | ========================================= | ||
| Funds of the charity | |||
| Restricted funds | 29,653 | 43,645 | |
| Unrestricted funds: | |||
| Revaluation reserve | 1,055,896 | 1,055,896 | |
| Other unrestricted income funds | 185,012 | 158,073 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total unrestricted funds | 1,240,908 | 1,213,969 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total charity funds | 24 | 1,270,561 | 1,257,614 |
| ========================================= | ========================================= |
For the year ending 31 May 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The statement of financial position continues on the following page.
The notes on pages 25 to 40 form part of these financial statements.
22
World Education Berkshire
Company Limited by Guarantee
Statement of Financial Position (continued)
31 May 2021
In common with many other charities of our size, we use our independent examination to assist with the preparation of the financial statements.
These financial statements were approved by the board of trustees and authorised for issue on 21[st] October 2021, and are signed on behalf of the board by:
Colin Date Trustee
The notes on pages 25 to 40 form part of these financial statements.
23
World Education Berkshire
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 May 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 12,947 | 37,632 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 9,871 | 11,260 |
| Government grant income | (15,357) | (25,000) |
| Dividends, interest and rents from investments | (33,905) | (32,850) |
| Other interest receivable and similar income | (65) | (204) |
| Interest payable and similar charges | 5,018 | 9,669 |
| Accrued expenses/(income) | 72 | (2,859) |
| Changes in: | ||
| Stocks | (24,093) | 9,109 |
| Trade and other debtors | (26,011) | 13,266 |
| Trade and other creditors | 2,143 | (503) |
| ---------------------------- | ---------------------------- | |
| Cash generated from operations | (69,380) | 19,520 |
| Interest paid | (5,018) | (9,669) |
| Interest received | 65 | 204 |
| ---------------------------- | ---------------------------- | |
| Net cash (used in)/from operating activities | (74,333) | 10,055 |
| ============================ | ============================ | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 33,905 | 32,850 |
| ---------------------------- | ---------------------------- | |
| Net cash from investing activities | 33,905 | 32,850 |
| ============================ | ============================ | |
| Cash flows from financing activities | ||
| Proceeds from borrowings | (5,706) | 30,462 |
| Government grant income | 15,357 | 25,000 |
| ---------------------------- | ---------------------------- | |
| Net cash from financing activities | 9,651 | 55,462 |
| ============================ | ============================ | |
| Net (decrease)/increase in cash and cash equivalents | (30,777) | 98,367 |
| Cash and cash equivalents at beginning of year | 160,804 | 62,437 |
| -------------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 130,027 | 160,804 |
| ================================ | ================================ |
The notes on pages 25 to 40 form part of these financial statements.
24
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 35-39 London Street, Reading, Berkshire, RG1 4PS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Covid 19 pandemic has presented challenging times for the charity. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of approval of these financial statements. The trustees are confident that grant applications to various organisations to secure funds for the charity will be successful. This will allow the charity to continue with its activities. The trustees have ensured the charity has sufficient liquidity to continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
25
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
26
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
Depreciation
Land component of Freehold property is not depreciated.
Freehold buildings - 2% on straight line method Fixtures and fittings - 20% on straight line method Motor vehicles - 25% on straight line method Equipment - 20% on straight line method
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant
27
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
4. Limited by guarantee
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Appeals & Donations | 19,191 | – | 19,191 |
| Grants | |||
| Big Lottery Fund-Reaching Communities | – | – | – |
| Earley Charity | – | 52,559 | 52,559 |
| Veg4Families | – | 18,996 | 18,996 |
| Berks. Community Foundation | – | – | – |
| Award for All- Gardens | – | – | – |
| Civic Garden Police | – | 800 | 800 |
| Reading Borough Council | 2,000 | – | 2,000 |
| Nat. Heritage Lot. Fund | – | 9,900 | 9,900 |
| Reading Community Energy Society | – | – | – |
| RBC Covid 19 Grant | 15,357 | – | 15,357 |
| ---------------------------- | ---------------------------- | -------------------------------- | |
| 36,548 | 82,255 | 118,803 | |
| ============================ | ============================ | ================================ |
28
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Appeals & Donations | 26,771 | – | 26,771 |
| Grants | |||
| Big Lottery Fund-Reaching Communities | – | 17,873 | 17,873 |
| Earley Charity | – | 90,221 | 90,221 |
| Veg4Families | – | – | – |
| Berks. Community Foundation | – | 9,116 | 9,116 |
| Award for All- Gardens | – | 9,600 | 9,600 |
| Civic Garden Police | – | 9,130 | 9,130 |
| Reading Borough Council | 3,000 | – | 3,000 |
| Nat. Heritage Lot. Fund | – | – | – |
| Reading Community Energy Society | – | 2,000 | 2,000 |
| RBC Covid 19 Grant | 25,000 | – | 25,000 |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| 54,771 | 137,940 | 192,711 | |
| ============================ | ================================ | ================================ |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| World Shop | 121,136 | 121,136 | 157,221 | 157,221 |
| Food for families, events and courses | 11,372 | 11,372 | 14,876 | 14,876 |
| Centre income | 46,474 | 46,474 | 102,448 | 102,448 |
| Global Cafe | 6,435 | 6,435 | 183,848 | 183,848 |
| Global Refill Shop | 46,024 | 46,024 | – | – |
| Education resources | 8,006 | 8,006 | 15,488 | 15,488 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 239,447 | 239,447 | 473,881 | 473,881 | |
| ================================ | ================================ | ================================ | ================================ | |
| nvestment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Income from investment properties | 33,905 | 33,905 | 32,850 | 32,850 |
| Bank interest received | 65 | 65 | 204 | 204 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 33,970 | 33,970 | 33,054 | 33,054 | |
| ============================ | ============================ | ============================ | ============================ |
7. Investment income
8. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Furlough Income | 120,715 | 120,715 | 33,431 | 33,431 |
| ================================ | ================================ | ============================ | ============================ |
29
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
9. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Fair Trading | 99,535 | 99,535 | 145,509 | 145,509 |
| Global Cafe` | 60,795 | 60,795 | 216,660 | 216,660 |
| Global Refill Shop | 33,148 | 33,148 | – | – |
| Investment Income | 12,635 | 12,635 | 12,320 | 12,320 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 206,113 | 206,113 | 374,489 | 374,489 | |
| ================================ | ================================ | ================================ | ================================ | |
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Centre costs | 38,877 | 49,036 | 87,913 | |
| Core costs | 52,685 | – | 52,685 | |
| Development education | 34,006 | – | 34,006 | |
| Sustainable Communities | – | 31,112 | 31,112 | |
| Community/Centre Development | – | 2,554 | 2,554 | |
| Support costs | 72,060 | 13,545 | 85,605 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 197,628 | 96,247 | 293,875 | ||
| ================================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Centre costs | 53,745 | 42,132 | 95,877 | |
| Core costs | 46,878 | – | 46,878 | |
| Development education | 39,827 | – | 39,827 | |
| Sustainable Communities | – | 26,967 | 26,967 | |
| Community/Centre Development | – | 11,151 | 11,151 | |
| Support costs | 64,013 | 36,244 | 100,256 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| 204,463 | 116,494 | 320,956 | ||
| ================================ | ================================ | ================================ |
10. Expenditure on charitable activities by fund type
30
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
11. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | |
| directly | of activities |
costs | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Centre costs | 38,877 | 49,036 |
27,446 | 115,359 | 130,402 |
| Core costs | 52,685 | – |
32,799 | 85,484 | 67,621 |
| Development education | 34,006 | – |
1,569 | 35,575 | 40,801 |
| Sustainable | |||||
| Communities | 31,112 | – |
11,352 | 42,464 | 44,321 |
| Community/Centre | |||||
| Development | 2,554 | – |
2,564 | 5,118 | 30,412 |
| Governance costs | – | – |
9,875 | 9,875 | 7,399 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |
| 159,234 | 49,036 |
85,605 | 293,875 | 320,956 | |
| ================================ | ============================ | ============================ | ================================ | ================================ |
31
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
12. Analysis of support costs (All activities)
| Sustainable | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Centre | Global | Developme |
Centre | Communitie | Global Refill | |||||
| World Shop | Costs | Core Costs | Cafe` | nt Education |
Restoration | s | Shop | Total 2021 | Total 2020 | |
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |
| Premises | 538 | 22,670 | 10,685 | 415 | – |
2,564 | 1,004 | – | 37,876 | 50,552 |
| Communications | ||||||||||
| and IT | – | – | 4,312 | – | – |
– | – | – | 4,312 | 3,617 |
| Governance costs | – | – | 9,875 | – | – |
– | – | – | 9,875 | 7,399 |
| Legal & | ||||||||||
| Professional | – | – | 1,652 | 766 | 1,520 |
– | – | – | 3,938 | 7,569 |
| Consultancy | – | – | 5,192 | – | – |
– | 9,785 | – | 14,977 | 20,037 |
| Depreciation | – | – | 9,500 | – | – |
– | 371 | – | 9,871 | 11,260 |
| Bank Charges | – | – | 54 | 13 | – |
– | – | – | 67 | 189 |
| Postage & | ||||||||||
| Stationery | 933 | 594 | 1,011 | 355 | – |
– | 192 | 452 | 3,537 | 7,909 |
| Subscriptions | 504 | 334 | 319 | – | 49 |
– | – | – | 1,206 | 1,017 |
| Bank Loan Interest | – | 3,848 | 75 | – | – |
– | – | – | 3,923 | 5,208 |
| ----------------------- | ---------------------------- | ---------------------------- | ----------------------- | ----------------------- | ----------------------- | ---------------------------- | -------------- | ---------------------------- | -------------------------------- | |
| 1,975 | 27,446 | 42,675 | 1,549 | 1,569 |
2,564 | 11,352 | 452 | 89,582 | 114,757 | |
| ======================= | ============================ | ============================ | ======================= | ======================= | ======================= | ============================ | ============== | ============================ | ================================ |
32
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
12. Analysis of support costs (All activities) (continued)
Analysis of restricted funds support costs
| Sustainab | ||||
|---|---|---|---|---|
| le | Centre | Total | Total | |
| Communi | Restorati | Funds | Funds | |
| ties | on | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Premises | 1,004 | 2,564 | 3,568 | 19,937 |
| Communication | ||||
| Consultancy | 9,785 | 9,785 | 14,525 | |
| Postage/Stationary | 192 | 192 | 250 | |
| Legal | 143 | |||
| Depreciation | 371 | 371 | 1,389 | |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| Total | 11,352 | 2,564 | 13,916 | 36,244 |
| ============================ | ======================= | ============================ | ============================ |
The support costs were allocated to activities on the following basis:
Premises : Charged to centre costs unless directly attributed to activity Depreciation : Usage Consultancy : Usage
33
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
13. Net income
| Net income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 9,871 | 11,260 | |
| ======================= | ============================ | ||
| 14. | Independent examination fees | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 9,875 | 7,400 | |
| ======================= | ======================= |
15. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 301,118 | 348,905 |
| ================================ | ================================ | |
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 277,102 | 321,431 |
| Social security costs | 11,446 | 14,734 |
| Pension contribution | 12,570 | 12,740 |
| -------------------------------- | -------------------------------- | |
| Total | 301,118 | 348,905 |
| ================================ | ================================ |
| The average head count of employees during the year was 11 (2020: 15). The average | The average head count of employees during the year was 11 (2020: 15). The average | number of |
|---|---|---|
| full-time equivalent employees during the year is analysed as follows: | ||
| 2021 | 2020 | |
| No. | No. | |
| Education workers | 2 | 2 |
| World shop | 3 | 2 |
| Global Cafe | 1 | 6 |
| Events | 1 | 1 |
| Management and support | 4 | 4 |
| -------------- | -------------- | |
| 11 | 15 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
16. Trustee remuneration and expenses
None of the trustees received any remuneration or reimbursement of expenses during the current or previous year.
34
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
17. Tangible fixed assets
| Freehold | Fixtures and |
Motor | |||
|---|---|---|---|---|---|
| property | fittings |
vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 June 2020 and | |||||
| 31 May 2021 | 1,010,885 | 44,997 |
19,677 | 87,241 | 1,162,800 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= | |
| Depreciation | |||||
| At 1 June 2020 | 58,385 | 44,258 |
19,677 | 87,241 | 209,561 |
| Charge for the year | 9,500 | 371 |
– | – | 9,871 |
| ----------------------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ----------------------------------------- | |
| At 31 May 2021 | 67,885 | 44,629 |
19,677 | 87,241 | 219,432 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= | |
| Carrying amount | |||||
| At 31 May 2021 | 943,000 | 368 |
– | – | 943,368 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= | |
| At 31 May 2020 | 952,500 | 739 |
– | – | 953,239 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= |
The freehold property was valued at £1,000,000 on 31 May 2015. This was considered to be deemed cost at transition to FRS102 on 1 June 2015.
NBV of revalued tangible fixed assets:
The net book value of revalued assets at 31st May 2021 was £943,000(2020 £952,500)
Tangible fixed assets held at valuation
In respect of tangible fixed assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
| the historical cost model are as follows: | |
|---|---|
| Freehold | |
| property | |
| £ | |
| At 31 May 2021 | |
| Aggregate cost | 678,265 |
| Aggregate depreciation | (169,641) |
| -------------------------------- | |
| Carrying value | 508,624 |
| ================================ | |
| At 31 May 2020 | |
| Aggregate cost | 678,265 |
| Aggregate depreciation | (163,128) |
| -------------------------------- | |
| Carrying value | 515,137 |
| ================================ |
35
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
18. Investments
| Investment | |
|---|---|
| properties | |
| £ | |
| Cost or valuation | |
| At 1 June 2020 and 31 May 2021 | 620,000 |
| ================================ | |
| Impairment | |
| At 1 June 2020 and 31 May 2021 | |
| Carrying amount | |
| At 31 May 2021 | 620,000 |
| ================================ | |
| At 31 May 2020 | 620,000 |
| ================================ |
All investments shown above are held at valuation.
Investment properties
Historical cost at 31st May 2021 - £316,253 (2020 £316,253).
The trustees estimate the market value of the investment property at £620,000 as at 31st May 2021 (2020 £620,000) The investment properties were subject to independent, professional valuation at 31st May 2015. The valuation was carried out on an existing use basis by Mr S J Gregory BSc MRICS, a Registered Valuer at Hicks Baker.
19. Stocks
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Raw materials and consumables | 115,509 | 91,416 | |
| ================================ | ============================ | ||
| 20. | Debtors | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade debtors | 3,352 | 3,898 | |
| Prepayments and accrued income | 3,310 | 665 | |
| Other debtors | 23,912 | – | |
| ---------------------------- | ----------------------- | ||
| 30,574 | 4,563 | ||
| ============================ | ======================= |
36
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
21. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 7,261 | 9,849 |
| Accruals and deferred income | 10,804 | 10,732 |
| Social security and other taxes | 3,487 | 8,597 |
| Other creditors | 33,763 | 23,922 |
| ---------------------------- | ---------------------------- | |
| 55,315 | 53,100 | |
| ============================ | ============================ |
Borrowing amounting to £23,922 is secured on the company assets.
22. Creditors: amounts falling due after more than one year
Borrowing amounting to £473,443 (2020 £469,308) is secured on the company assets.
Included within creditors: amounts falling due after more than one year is an amount of £392,933 (2020: £399,698) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The loans are for varying periods and varying interest rates from 6 to 25 years. The loans underpinning the property investments are interest only loans. Working capital loans are interest and capital repayment loans. Interest rates varies between 2.5% to 4.2%.
23. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 15,357 | 25,000 |
| ============================ | ============================ |
37
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
24. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 June 2020 | Income | Expenditure | 31 May 2021 | |
| £ | £ | £ | £ | |
| General funds | 158,073 | 430,680 | (403,741) | 185,012 |
| Revaluation reserve | 1,055,896 | – | – | 1,055,896 |
| ----------------------------------------- | -------------------------------- | -------------------------------- | ----------------------------------------- | |
| 1,213,969 | 430,680 | (403,741) | 1,240,908 |
|
| ========================================= | ================================ | ================================ | ========================================= | |
| At | At | |||
| 1 June 2019 | Income | Expenditure | 31 May 2020 | |
| £ | £ | £ | £ | |
| General funds | 141,888 | 595,137 | (578,952) | 158,073 |
| Revaluation reserve | 1,055,896 | – | – | 1,055,896 |
| ----------------------------------------- | -------------------------------- | -------------------------------- | ----------------------------------------- | |
| 1,197,784 | 595,137 | (578,952) | 1,213,969 |
|
| ========================================= | ================================ | ================================ | ========================================= | |
| Restricted funds | ||||
| At | At | |||
| 1 June 2020 | Income | Expenditure | 31 May 2021 | |
| £ | £ | £ | £ | |
| Sustainable communities | 20,875 | 27,214 | (42,093) | 5,996 |
| Centre costs and development | 22,770 | 55,041 | (54,154) | 23,657 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 43,645 | 82,255 | (96,247) | 29,653 |
|
| ============================ | ============================ | ============================ | ============================ | |
| At | At | |||
| 1 June 2019 | Income | Expenditure | 31 May 2020 | |
| £ | £ | £ | £ | |
| Sustainable communities | 22,199 | 52,837 | (54,161) | 20,875 |
| Centre costs and development | – | 85,103 | (62,333) | 22,770 |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | |
| 22,199 | 137,940 | (116,494) | 43,645 |
|
| ============================ | ================================ | ================================ | ============================ |
38
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
24. Analysis of charitable funds (continued)
Purposes of Restricted Income Funds
Restricted funds have arisen where income has been received from funders for specific purposes. These include:
Community and centre development
The maintenance of the community and centre was largely funded by grant received from Earley Charity of £45,140 (2020 £83,103)
Sustainable communities
Local Food Funding is to support the setting up the 15 food growing gardens in Reading where families can learn how to grow their own food. This includes covering the costs of a project coordinator and garden tutors to run the sessions with families on site. This activity has been supported by grants from Big Partnership Development Fund (NHS), Berkshire Community Foundation, and dispensary trust, Thames Valley Police and Heritage Fund.
25. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 943,368 | – | 943,368 |
| Investments | 620,000 | – | 620,000 |
| Current assets | 191,142 | 29,653 | 220,795 |
| Creditors greater than 1 year | (513,602) | – | (513,602) |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | |
| Net assets | 1,240,908 | 29,653 | 1,270,561 |
| ========================================= | ============================ | ========================================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 953,239 | – | 953,239 |
| Investments | 620,000 | – | 620,000 |
| Current assets | 160,038 | 43,645 | 203,683 |
| Creditors greater than 1 year | (519,308) | – | (519,308) |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | |
| Net assets | 1,213,969 | 43,645 | 1,257,614 |
| ========================================= | ============================ | ========================================= |
26. Accounting disclosure
In common with many other charities of our size, we use our independent examiner to assist with the preparation of the financial statements.
39
World Education Berkshire
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 May 2021
2021 2020 £ £
27. Taxation
As a charity, World Education Berkshire is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen on the Charity.
28. Company limited by guarantee
The company which is registered as a charity does not have a share capital. The liability of every member is limited by guarantee to £1.00. The total number of members as at 31st May 2021 was 52 (2020: 47).
29. Analysis of changes in net debt
| At | At | ||
|---|---|---|---|
| 1 Jun 2020 | Cash flows | 31 May 2021 | |
| £ | £ | £ | |
| Cash at bank and in hand | 160,804 | (30,777) | 130,027 |
| Debt due after one year | (519,308) | 5,706 | (513,602) |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| (358,504) | (25,071) | (383,575) |
|
| ================================ | ============================ | ================================ |
30. Related parties
None of the trustees received any remuneration or reimbursement of expenses during the current or previous year.
31. Post balance sheet review
Going Concern
The charities trading activities have been adversely affected during this Covid 19 pandemic. The trustees are pursuing a policy of cost containment and improving income through fund raising activities and appeals.
40
COMPANY REGISTRATION NUMBER: 01987368 CHARITY REGISTRATION NUMBER: 293799
World Education Berkshire Company Limited by Guarantee Unaudited Financial Statements
31 May 2021
HARISH MISTRY FCA FFTA
Chartered accountants H B Mistry & Co Tudor House Mill Lane Calcot Reading RG31 7RS
World Education Berkshire
Company Limited by Guarantee
Financial Statements
Year ended 31 May 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 20 |
| Statement of financial activities (including income and | |
| expenditure account) | 21 |
| Statement of financial position | 22 |
| Statement of cash flows | 24 |
| Notes to the financial statements | 25 |
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2021.
Reference and administrative details
Registered charity name World Education Berkshire Charity registration number 293799 Company registration number 01987368 Principal office and registered 35-39 London Street office Reading Berkshire RG1 4PS The trustees Colin Date Peter Burt Sam Chaher Hammad Kazi Willem Londeman Pally Randhawa Summreen Sheikh Miriam Rose Operating name Reading International Solidarity Centre Website : www.risc.org.uk Our advisers
Independent Examiner H B Mistry FCA FFTA H B Mistry & Co Ltd Chartered Accountants Tudor House, Mill Lane Calcot, Reading Berkshire RG31 7RS
Bankers The Co-operative Bank 13, New Road Oxford OX1 1LG Triodos Bank Deanery Road Bristol BS1 5AS
1
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Solicitors Ferguson Bricknell Kingsway House London Road Headington Oxford OX3 9AA
Key management personnel: Trustees and Directors
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:
Colin Date Peter Burt (resigned 19 October 2021) Sam Chaher (resigned 27 July 2020) Hammad Kazi (resigned 19 October 2021) Willem Londeman Pally Randhawa Summreen Sheikh Miriam Rose (appointed 1 September 2020) (resigned 9 November 2020) Karen Peters (appointed 19 October 2021) Adam Peters (appointed 19 October 2021) Katherine Burton (appointed 19 October 2021)
Key personnel: the Collective:
Abha Aggarwal Education Co-ordinator Ruth England Education Co-ordinator Sharon Fitton Food4Families Co-ordinator Fiona Grant Centre Facilities Co-ordinator Zainab Khan Events Co-ordinator Martin Mikhail Centre Co-ordinator Annemieke Palmer Finance Co-ordinator Manju Patel-Nair Education Co-ordinator Dave Richards Publications and Garden projects Co-ordinator Silvia Rizzoli World Shop Co-ordinator
Company secretary Colin Date
Independent examiner H B Mistry FCA FFTA H B Mistry & Co Tudor House Mill Lane Calcot Reading RG31 7RS
2
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Structure, governance and management
The Trustees are pleased to present their annual report together with financial statements of the charity for the year ending 31 May 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS 102) (effective 1 January 2015).
Trustees Summary of the report:
The past twelve months of our financial report have been particularly hard and stressful for RISC's staff and volunteers. There has been much uncertainty and extra pressure on the few staff still employed as they have had to keep RISC running. This has meant extra tasks and having to adapt to different ways of working. For those staff on furlough there have been different challenges.
The pandemic has meant that all aspects of RISC's work have been in lockdown from 20th March, 2020, until the reopening of the shop on the 1st August of that same year. One very successful new project has been the Global Refills Shop which opened on 1st October. Most of RISC's paid staff have been furloughed or on the flexible furlough scheme throughout this time.
For the education team Covid -19 has had a huge impact as they and the schools they work with have had to become familiar with very different ways of working.
In the wake of the killing of George Floyd and the rise of the Black Lives Matter protests the education team have helped schools and authorities develop Anti Racist School strategies. In particular with a team of Reading lead teachers, advisors and headteachers; another time with teachers from Wokingham. Another outcome of the protests was a revaluation of the history curriculum in schools. This led to the Global Histories Project incorporating pre-colonial, colonial and post-colonial African and South Asian history. The team have worked closely with history lecturers at The University of Reading and provided opportunities for their students to develop resources and lesson plans incorporating ideas from the new Global Histories Project. They also delivered Racial Literacy Training to 25 lecturers in the School of Education at the same university. RISC's education team have also delivered online workshops to the University of Cork.
The team has spent time this year improving the delivery of our online training, adapting materials for online delivery and at the same time ensured the high quality of training was maintained. There has been a variety of courses delivered online including whole school Global Citizenship staff training; Global teacher Award courses; Philosophy for Children with a colleague in Cumbria as we continue to build a network of local teachers trained in this award. Lastly, Climate Curriculum Training for secondary teachers with Leeds Development Education Centre. Overall, we have had a good response to online training and so post Covid we will continue to run online courses besides face to face training.
The education team continue to work with colleagues across the UK in developing shared practice and have attended two online conferences during the year themselves. This year's public events programme was heavily impacted by the Covid -19 lockdowns. In order to fill this education gap caused by the lack of events the RISC team produced a fortnightly newsletter shared with all members, employees, volunteers, supporters and also on social media. We did, however, manage to
3
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
take part in four very interesting online events jointly organised with other groups. One of these events, organised by RISC on the Reading Black History mural was attended online by over 100 people.
Unfortunately, the International Festival and the Fairtrade Fortnight had to be cancelled due to Covid19 although during Fairtrade Fortnight Martin Mikhail from RISC spoke, online, about our Fair Trade shop and the variety of Palestinian produce we stock.
By contrast, Food4families has done very well during 2020 and the early part of 2021! The gardens could remain open as a permitted activity with various Covid -19 restrictions and obligations in place. This was very much appreciated by those without their own outdoor space. In response to the pandemic there were a number of new initiatives. We provided seeds, compost and plug plants to enable some to continue to grow food at home backed up with a facebook page giving advice; a cookery blog was provided on our website and we opened some of our sites for open days.
We have expanded the food growing space at four sites as part of our "Veg4Reading". project. Over 60 residents signed up to volunteer for this project. It distributes fresh food to vulnerable local people and, to date, over 1500 meals and food parcels per month have been delivered. Many of the volunteers are still involved and have reported an improvement in their wellbeing. In February over 77 new volunteers, many of them garden novices, were recruited for the "Grow for Reading" project. In addition, a primary school, a special needs school and a scout troop of 71 participated in online training for seed growing on a large scale.
There have been several other successful achievements for F4families over the reporting period. An increase in the overall harvest in the gardens is expected despite the cold spring. The volunteer growers from Lavender Place Community Garden won a national competition to design a wellbeing garden. Some volunteers participated in an Open University "Digital Storytelling" project whereby they were trained to record the benefits of gardening on their smart phones. This will help Food4families internal monitoring and evaluations in the future.
We played an integral part in the organisation of a socially distanced Reading Town Meal in 2020 and have started planning for the 2021 Town Meal.
The team have worked with "British Islamic gardens" to create a community garden in the grounds of East Reading's Aisha Mosque. The Mosque has also become Reading's first Fair-Trade mosque. The Mosque now has a large group of people engaged with sustainability issues and they are keen to raise awareness within their own communities and to forge links with others such as gardening groups.
Lockdown has meant the closure of the roof garden. Dave, however, has made three short videos about the roof garden and delivered his regular lecture on Sustainable Urban design from the garden. We thank Mary and Michele for their ongoing roof garden maintenance.
The Aisha Mosque is using the "Islam in Britain" exhibition for its school visits. Later it will be displayed on the site.
Dave has updated Bente's "Slavery Links" exhibition with an annotated map published in both digital and hard copy formats. The work is being integrated into the education team's Global History project including a YouTube presentation.
The World Shop reopened on the 1st August, staffed, initially, only by the coordinator and supervisors. Adjustments were made in the shop to ensure that the shop's Covid -19 protocol was strictly followed. The high street footfall during Christmas 2020 was down 43% whereas the footfall in RISC's World Shop only decreased by 35% which meant we continued to trade in profit. Over the whole financial year the profit was £7,734. At the beginning of the year the shop coordinator produced new training
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materials for staff and volunteers about the products, suppliers and shop procedures. She has also been working on a shop handbook incorporating a social media policy.
All new stock that comes in is routinely bar coded, priced on the back cover and entered into the data base. Stock levels of most titles are reduced to a maximum of two copies to free up space and reduce overstocking.
Katie regularly posts about the books on social media resulting in higher customer feedback and sales. Other income sources include being a network member of Hive for which we receive commission when used by customers and booksellers.org which is an association of independent bookshops promoting and selling books online with all the profits shared out amongst the members.
Carl works closely with the education team and Zainab, in particular, to promote certain books at the appropriate times.
From the 1st of October we were very pleased to be able to open the Global Refills shop after much research, planning and handiwork. This was the first new commercial project undertaken by RISC for several years and was enthusiastically endorsed and supported by the Collective. Silvia took responsibility for setting it up and running the shop after Martin had managed the project through to completion. It has been a great success and all the setting up costs were recouped from the sales in the Refill shop by the Spring so that by the end of the financial year it was a profitable business.
Due to Covid-19 and government restrictions placed on the hospitality sector the Global Cafe has only been able to open for five weeks from the beginning of October 2020 during the day time in the period this report covers. We are, with regret, consulting with the cafe staff over redundancies due to our inability to trade profitably. This has included the Cafe Coordinator for the last 15 years. We thank him for his contributions and dedication to the organisation.
We have taken the decision to act cautiously in these uncertain times and currently plan to reopen the Cafe in 2022.
Early on in March, 2021 there was an increasing number of cancellations for the meeting rooms. Towards the end of March the meeting rooms were closed for the remainder of the reporting period. Nevertheless, over the year 261 groups hired a meeting space from us and 79% of room usage has come from voluntary and community groups. Unfortunately, due to the loss in income from the room bookings Michele left the RISC Collective at the end of April. Michele took on various roles whilst at RISC for which we we are very grateful. Most recently she has been helping Fiona and has also been involved with the Food4families project.
The community offices continued to provide a steady source of income and have enjoyed full occupancy throughout the year. This includes four voluntary sector tenant organisations.
The four residential flats above the cafe are owned by the charity as investment properties and have all been let throughout the year.
Health and Safety remains an important aspect of building management. A schedule of servicing, testing and staff training continues throughout the year.
The RISC 2040 project, which was made possible by a grant from the Earley Charity Bicentenary Fund for capital improvements to the community facilities began in October 2019 with the "greening" of the washrooms; new flooring in meeting room 3 and a tiered seating system for the hall. In February the old goods lift in the foyer was removed and a new store room created. An additional evening meeting place has also been created. After this the project was suspended with just over 50% of the works completed, due to the pandemic. Improving the foyer area will begin, hopefully, in the near future with a view to
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completion of the project by the end of 2021.
So at the end of May, 2021, our bank balance is looking good thanks to the government's furlough scheme; mortgage payment holidays; council grants; an insurance claim and support loans. As mentioned at the beginning, though, the trustees appreciate how hard the year has been for everyone. As always we thank the many volunteers who have been a tremendous help especially in the World Shop and the very successful Global Refill shop when they returned in September. Our presence on the high street by remaining open all but four months and keeping the public informed through social media, has been a huge credit to the organisation. Let us hope for a much less stressful and successful future!
Objectives and activities
The company's objects and principal activities, according to the Memorandum of Association are to:
Promote, maintain, improve and advance public education, particularly by the promotion of education in world problems of hunger, disease, poverty and ignorance and the solution thereof and the economic and other problems of developing countries in their relationship with other countries whose economics are better advanced and developed.
- Promote the voluntary sector by the provision of shared office space and facilities.
The main objectives and activities of the charity for the year continued to be to focus on the promotion and advancement of public education.
RISC aims to spread awareness and understanding of the inter-relationships between individuals in their local communities and world issues. RISC also works to develop the skills, attitudes and values that enable people to take control of their own lives, and to work towards a more just world. These various aims were embedded into our Global Citizenship work. We also reach the community through coordinating of events which bring together many similarly minded groups in Reading through the two long running annual events of the "Reading International Festival" and participation in "Fair Trade Fortnight". We provide a programme of other events throughout the year including a flourishing book group and a world film club besides speakers on various topics. Our very popular urban roof garden attracts wide interest and the associated outdoor classroom work encourages sustainability and global education. RISC's Food4families project gives practical help and advice for communities to set up their own allotment schemes and courses on preparing healthy meals from the vegetables they grow.
Several meeting rooms provide affordable meeting space for local groups and this remains one of our priorities; our success in achieving this is shown by the fact that 79% of the room usage over the year is by local groups. Our community office spaces provide a steady source of income and they have shown 100% occupancy throughout the year.
The strategies employed to assist the charity to meet these objectives included the following:
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Continuing to promote our in house produced resources such as teaching packs.
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Organising a programme of events and exhibitions on global issues.
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Developing an urban roof garden for local and global education.
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Promoting campaigns on local and international issues.
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Providing a loan service of artefacts and education packs for school and youth workers.
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Selling fair trade, organic and environmentally friendly products.
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Giving work experience opportunities for volunteers.
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Selling books and development education resources, fiction and non-fiction for children and adults on global issues.
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Provision of shared office space and community facilities.
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Putting these strategies into action we have seven major areas of activity which are: an educational project and programme, a public events programme, the "Food4 Families" project, the roof garden, the world shop, the cafe and the letting of a hall, rooms and office spaces for community use. Below follows a more detailed report on each of these areas of WEB/RISC's work.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The Education report:
The coronavirus has had a huge impact on schools and they have had to get used to very different ways of working. This has therefore had a knock-on effect in the ability of schools to engage with our work but it has also offered opportunities to develop online training for teachers and reach a wider audience. The Education Team have been on flexible furlough for the full year covered in this report.
Anti-Racist Practice in Schools:
In the wake of the killing of George Floyd and the rise of Black Lives Matter protests, we were aware that schools were looking for ways to respond and were seeking support for developing anti-racist practice in schools.
We held a webinar to begin discussions with schools and to provide a signpost to useful resources.
Following the webinar we delivered a half day training course online to the staff at Coley Primary School.
Over the year we have worked to support Wokingham Borough Council with developing their Anti-Racist school strategy. We have delivered two half day trainings to a team of advisors, headteachers and teachers from Wokingham to support them in putting together a strategy and action plan which will be rolled out to schools in the next academic year.
Brighter Futures for Children, the Advisory Service to schools in Reading, have undertaken two half day trainings with us in developing a Reading Schools Anti-Racism Strategy. Their team of lead teachers has also completed a training for trainers course with us which was two half day training sessions developing confidence, knowledge and skills in delivering racial literacy training for school staff.
Global Histories Project:
Our funding bid to the Heritage Lottery Fund was successful in March 2021 following its cancellation the previous year due to the pandemic. The Global Histories project will be delivered over the academic year 2021/22 and will work with teachers in Reading to develop history projects to ensure that schools give a contextualised understanding of British History which includes pre-colonial, colonial and postcolonial African and South Asian history.
A training programme will be delivered and different Key Stage working groups will develop and trial resources to be shared widely in July 2022.
The University of Reading:
We have worked closely with the History Lecturers in the School of Education this year and provided opportunities for PGCE Secondary History students to engage in research projects to develop resources and lesson plans on teaching and learning about pre-colonial and colonial histories.
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We delivered a Racial Literacy Training to 25 lecturers in the School of Education who have initiated a working group on decolonising and diversifying the teacher training courses.
The University of Cork:
Abha worked in an advisory role with a lecturer, Dr Gertrude Cotter, in the School of Education at the University of Cork to develop their modules in Development and Global Citizenship Education.
This also included delivering online workshops on one of the modules to develop Global Citizen-ship schemes of work with a focus on forced migration.
Online Training:
We spent time this year improving our online training and adapting our materials for online delivery whilst ensuring the high quality of training was maintained.
Despite the extra pressures on schools we were still able to recruit teachers to training courses and the online delivery made the course more accessible for busy teachers.
A full day Whole School Global Citizenship: Staff training was delivered online to Charlton on Otmoor Primary School in Oxfordshire.
We delivered two Global Teacher Award: courses (two half day trainings) in the Autumn and Summer Term funded by the Connecting Classrooms through Global Learning Programme.
We hosted a Philosophy for Children: Level 1 course (two half day trainings) with our colleague in Cumbria Jane Yates, and continue to build a network of P4C trained teachers in our region.
In March we delivered Climate Curriculum Training: for Secondary Teachers with Leeds DEC to share their recently created resources and online training for teachers to support embedding Climate Change into curriculum areas in Secondary schools.
We have had a good response to online training which shows there is an appetite for it and we should continue to run online as well as face to face training post Covid.
Consortium of Development Education Centres:
We continue to work with colleagues across the UK in developing shared practice and have attended two conferences this year online.
Ruth is on the Anti-Racism working group developing practice across DEC's in this area.
Future plans:
The current education team are keen to have a locally based Coordinator who is based in the RISC building. Current staff will be moving to become freelance associates who will deliver training and produce resources when required at the request of the newly appointed local coordinator.
Public Events programme:
This year's events programme was heavily impacted by the Covid-19 lockdowns.
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The Newsletter:
In order to fill in the education gap caused by the lack of events as a result of Covid-19 lock-downs, the RISC team produced a fortnightly newsletter shared to all members, workers, volunteers and supporters and also on social media. It contained news of campaigns, educational resources and news on all aspects of RISC's work.
RISC did however, manage to take part in four very interesting online events jointly organised with other groups:
27th Jan Time to curb the power and influence of transnational corporations?: A joint online event with the Reading Global Justice group.
26th Feb Climate & Cultivation: A Palestinian Perspective: part of Fairtrade Fortnight. A joint online event with Reading Kairos. Martin Mikhail from RISC spoke at this event.
24th March Examining Reading's Central Club Black History Mural: kings, queens, colonialism & rebellion.: This was an online event. RISC invited the artist who created the Reading Black History Mural. This event was attended by 100 people.
26th May Grasping the Nettle of Aviation Emission.: A very inspiring joint online event, again with the Reading Global Justice group as part of the COP26 campaign.:
The International Festival 2020:
Unfortunately the Reading International Festival 2020 was cancelled due to the lockdown and social distancing restrictions. Only two groups were interested in participating. Fairtrade Fortnight 2021:
We were unable to produce a joint events programme for this year's Fairtrade Fortnight due to Covid lockdowns. However RISC collaborated on one online event on the 26th of February (see above). Martin Mikhail from RISC spoke about our Fair Trade shop and the variety of Palestinian produce we stock.
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Food4families report:
Food4families had a surprisingly positive 2020 and early 2021 as under government guidelines the gardens could remain open as a permitted activity albeit with reduced numbers, social distancing and with tools and hand washing stations. This was especially appreciated by those without their own outside space.
We also set a number of new initiatives in response to the pandemic:
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We provided seeds, compost and plug plants for residents during lockdown so they could continue
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to grow at home, supported through a new Facebook page giving ideas and advice on what to grow 'The Tiny Veg Patch'. www.facebook.com/Tiny-Veg-Patch-112359373727343
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We set up a cookery blog on our website to demonstrate what residents could create with the
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seasonal fruit & vegetables they were growing or buying. www.food4families.org.uk/CookeryBlog.cfm
We opened some of our sites for open days as part of The Gardening for Health and Wellbeing Network publicity week and Heritage open days.
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We recruited over 60 residents, who signed up to volunteer with Team Reading, to expand the food growing space at four sites as part of our new Veg4Reading project. This was set up in June, as a response to Covid- 19 to distribute surplus locally grown fresh fruit and vegetables to six local organisations that have been feeding vulnerable local people. To date one tonne of surplus, equivalent of £4450, has been collected and redistributed, included in over 1500 meals and food parcels per month.
In February 2021 over 77 new volunteers, many of them garden novices, were recruited for the "Grow for Reading" Project in collaboration with Transition Town Reading. We distributed seeds, pots and compost for people to propagate at home for later distribution to the V4R gardens. In addition a primary school, a special needs school and a scout group of 71 also participated in online training and grew industrial quantities of seedlings. The surplus was given for people to grow at home.
Many of the volunteers who signed up to the initial Veg4Reading project are still involved in growing at the
sites, and have reported that their sense of wellbeing has improved. It is apparent that these initiatives met a need for people to be able to contribute, make a difference and feel part of their community. During lockdown, they appreciated the access to the green spaces of community gardens in an otherwise urban environment.
Other achievements:
Despite the cold spring that delayed planting our gardens have increased their cultivated area and as a result we expect an increase in the harvest.
Volunteers from Lavender Place Community Garden won a national competition to design a wellbeing garden organised by Social Farms and Gardens. The garden will be formally opened in August 2021.
Some garden volunteers participated in an Open University "Digital Storytelling" project that provided training in how to use smart phones to record testimony of the benefits of community garden for health and wellbeing during the pandemic. This will contribute to policy recommendations as well as F4F internal monitoring and evaluation.
We developed and implemented two new courses, which we are running at two locations this autumn. Growing Healthy Conversations, eight sessions where residents can practice their English at the same time as learning gardening skills. And "Growing Careers" for those wishing to explore a career in horticulture. The participants experience a variety of practical tasks that they could be doing if they got a job in horticulture. All four courses have been oversubscribed. We have plans to continue to run another six courses during 2021.
We have worked with "British Islamic Gardens" to create a new community garden in the grounds of East Reading's Aisha Mosque. This has broadened our presence among the Muslim community. The Mosque has become Reading's first fair trade mosque and we have piloted an online global gardens course for homeschoolers.
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The mosque now has a large group of people who are engaged with sustainability issues and keen to raise awareness in their own community and build bridges with other groups and F4F gardens. They will take part in the Town Meal and Reading Green Wellbeing Network.
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We played an integral part in the organisation of a socially distanced Reading Town Meal in 2020
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and started the planning for Reading Town Meal 2021
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We have completed six funding applications to various funders, three of which we were successful
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in securing £46,842 and ten of which we are still waiting on the outcome of.
The Roof Garden:
Lockdown has meant the closure of the roof garden to the public, even when regulations eased. However, Dave did deliver his regular lecture on Sustainable Urban design on the roof garden and an additional presentation on community gardening at Lavender Place.
Dave made three short videos about the roof garden including a video presentation about the technical aspects of the roof garden for the inaugural international Agroforestry Symposium organised by Martin Crawford of the Agroforestry Research Trust and participated in a Q&A session. There are
possibilities of future collaboration on developing teaching resources.
- Mary and Michele have continued ongoing garden maintenance.
Challenging-Islamophobia
The collaboration with the Aisha Mosque community garden has given RISC new opportunities to work with the wider Muslim community. The mosque is using the "Islam in Britain" exhibition for its school visits and will display it once indoor social distancing is feasible.
- Dave updated Bente's Slavery Links exhibition with additional research for an annotated map,
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published in digital and hard copy formats to coincide with Black History Month 2020. This work is being integrated into the education team's Global History project, including a YouTube presentation.
Future work:
Our future work is very much dependent on Food4families securing large grant funding otherwise, unfortunately, an alternative strategy will be needed.
The World Shop:
The World Shop reopened on the 1st August 2020, staffed, initially, only by paid employees to reduce the chances of the virus spreading. Volunteers returned in September. Judy has remained furloughed as she has been shielding.
Katie has been given 6 hours per week from October by the marketing group to advertise RISC mainly on social media. Katie has now left the Shop Supervisors' team and she will start a new contract in June as the Marketing Officer for RISC. .Since November, Sarah Stevens has been responsible for the Global Refills Shop, under the supervision of the World Shop Coordinator.
In January, Sam Murray has become a Shop Supervisor and in May, Clara Vidal has also joined the team. Clara is being specifically trained by Sarah about ordering products in the Global Refills Shop.
Shop bi-monthly meetings have continued on Skype. The annual reviews are all completed and new contracts, drafted by Peninsula, are ready to be issued in June.
The World Shop team has worked exceptionally well and shown resilience throughout the pandemic and generally felt supported by the Collective, despite the rest of the building not being staffed.
Longer serving members of staff have been particularly supportive of the new ones and they have worked well together.
Trade:
The high street footfall during Christmas 2020 was down 43% compared to the previous year, whereas the RISC shops decreased by just 35%, so despite all the Covid-19 related challenges, we were very pleased to have survived and made a profit! Even during 2021 so far, despite the new lockdown, figures have been encouraging. From November, the staff cost in the Global Refills Shop has been halved, in line with the initial plan, resulting in a more healthy and profitable operation. During the reporting period the World Shop made a profit of £7,734.
Activities:
At the beginning of the year the shop coordinator produced new training materials for staff and volunteers about products, suppliers and shop procedures. She took part in the reviewing of two RISC policies and concluded the contract with Peninsula for HR support. Silvia has since also been working with Peninsula on a shop handbook incorporating a social media policy. Silvia has been proactively looking for new trustees and she approached two shop volunteers for this role who seem willing to learn more about the role. She has completed and updated the shop risk assessments, bought PPE, fair trade masks, and rearranged the shop to be Covid-19 compliant so it could safely re-open in August.
In her spare time, Silvia has been helping clear the cafe's basement and the rest area. Very importantly she helped set up the new Global Refills shop with a business plan, a budget and recruited volunteers for the rota.
Early in November, due to the second lockdown and closure of the café, the shop coordinator combined
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the World Shop and Global Refills Shop into a single operation so that both shops could stay open during the new lockdown, allowing the World Shop not to lose its Christmas trade.
In Spring, Silvia attended the course and test to enable her to hold an Alcohol Personal License.
She has also been dealing with some shop refurbishment, some pieces of furniture were donated to RISC by a neighbour. These are now used in the shop for displaying crafts and furniture for sale is now on display in the cafe area.
Future plans include:
There is a need to consolidate the World Shop's position again by adjusting to the future challenges of the market.
There will be further training of the team, making them more skilled and independent, enabling Silvia to have longer leave periods.
The Book Shop:
Katie regularly posts the social media book items on the book shop's behalf, which has resulted in higher customer feedback and sales.
The shop recently took possession of a large display unit and Silvia places fair trade items along with books on the unit which is situated between the book section and the end of the till area. It has made this area more inviting and is a welcome addition as shown in the photograph!
All stock that comes in is routinely barcoded and priced on the back cover. Customers and staff are now able to find relevant information more easily, and it proved to be invaluable during the stock taking at the end of May.
Stock levels of most titles will be reduced to a maximum of two books allowing us to free up space for other titles and reduce overstocking.
Two Rivers Press brought out four new publications this year and two of them "Reading's Influential Women" along with "When Reading Really Rocked" were top selling titles at Christmas.
A range of zero waste books are featured in the Global Refills shop and Carl has set up a table specifically for displaying RISC publications in the book area. He looks forward to being able to start working closely with the Education Team again to source relevant books for teachers and schools. Sales of "How Do We Know It's Working? Book 2" are still selling steadily at £30 a copy including P&P thanks to the continued promotion and training by the Education Team. Carl is also working on a
flyer which will list all our RISC publications so they can be included with any purchased titles posted out.
Dave pointed Carl towards the setting up of booksellers.org which is an association of independent
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Bookshops coming together online to promote and sell books. The titles are supplied by Gardners books. The profits are all shared out with the shops involved and we have received £1300 to date from them since RISC joined last October.
Another income source is Hive. RISC continues to be a network member of Hive. Since the beginning of March 2020, we have received commission of £5579. This may drop this year as another independent bookshop has set up in Caversham which means anyone using Hive can choose which local shop they would like the commission to go to but Carl will continue to monitor the situation.
Carl signposts any enquires about joining the RISC book club to Kate and has been informing customers of the RISC Book Club Facebook page. The RISC book club continued online during the lock down.
The bookshop's membership of The Bookseller's Association was renewed for the year which means we will receive resources for several promotions throughout the year, including "Independent Book Shop Week" and "Books Are My Bag". We continue to be a member of the Alliance of Radical Booksellers.
We stock a book titled 'Tawny and Maya unique me' and sold one to a young girl who then proceeded to bring her dad in for each day for a week to buy her a book a day! Keen young readers informing their parents!
Future Plans:
Carl will be visiting book companies at the Spring Fair between 7th to the 10th April 2022 to source new titles provided they are cheaper than Gardeners.
Carl will continue to reduce old stock and introduce new titles, continue to work closely with Zainab, who has been a great help, to promote books and events, make use of social media to promote new books and authors, continue to promote Hive and refresh the displays in the shop on a fortnightly.
Carl has recently been posting our publications out to email sale enquiries.
The Global Refills Shop:
We were very pleased to announce the opening of the Global Refill Shop on the 1st October after much
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planning and installing the shelving and containers.
By the end of May 2021 takings had reached £46,024 with a gross margin of 45% making about £12,876 profit which covered the installation costs. Expenditure was £33,148 giving an overall profit of £12,876.
All mark-ups in Global Refills were reviewed in November as we found that many were not adequate. The product range was updated according to sales and customers' feedback. We replaced most lower selling dry goods lines and expanded ranges of stocked flour, household soaps and cleaners and drinks. The focus continues to be on organic foods and drinks; fair trade where possible.
All 'best before" drinks in the Cafe, from October 2020, up to now, have now been sold at reduced price in the Refills Shop to minimise wastage.
We have received excellent feedback regarding cleanliness of the shop as a result of our stringent cleaning routines due to the virus. A much deserved "Thank you" to the fantastic efforts by our volunteers, supervisors and the shop coordinator. About 50% of the feedback replies requested new products; about half of which we have already now implemented. The shop and staff were complimented, in various forms by 39% of the survey: 11% were queries or concerns about the products e.g. the quality of the brown bags, salty bread, hulled hemp seeds and wasteful scales labels as examples. We are addressing these issues.
Future plans:
We would like to expand our dried goods ranges even further; also we would like to stock herbs and spices in the future. We need to review our fruit and vegetable retailing as it is not so popular; maybe a fridge is the answer so it prevents wastage.
Buildings and Community Facilities:
Meeting rooms:
Demand for meeting rooms remained steady until early March 2020 when the seriousness of the Covid -19 pandemic became apparent and cancellations started coming in. The community facilities closed on the 21st March in line with all other areas of the organisation. Over the year, 261 groups hired meeting space with us. Providing affordable meeting space for local groups remains our priority. Out of a total of 5,527 hours of room usage each year 79% came from voluntary and community organisations. Public
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sector (5%) and private sector (13%) bookings make up the rest. Feedback is encouraged and welcomed through a customer feedback survey that is emailed to new users.
Office spaces:
The community offices continue to provide a steady source of income and we enjoyed full occupancy throughout the year. Voluntary sector tenant organisations currently include: The Conservation Volunteers, Nuclear Information Service, Reading Refugee Support Group and Sustrans.
The Flats:
The four residential flats above the Cafe, owned by the charity as investment properties have continued to be let throughout the year providing RISC with a long term income stream.
The Building:
Health and Safety remains an important aspect of building management. A schedule of servicing and testing of appliances, installations and safety equipment is carried out throughout the year along with staff training sessions.
Improving the facilities at RISC is an ongoing priority. In July 2019 we made a successful bid for £36K to the Earley Charity Bicentenary Fund 2020 for capital improvements to the community facilities. The project, RISC 2040, includes provision of an additional meeting room and storage facilities; substantial improvement of existing meeting, training and conference rooms and communal facilities; a new energy efficient central heating system; complete refurbishment and the 'greening' of the washroom facilities. We received two further small grants that contributed to the "greening" of the washrooms from Reading Community Energy Society and Naturesave Trust.
Work started in October 2019 with new flooring laid in Meeting Room 3. A lightweight, collapsible stage and a tiered seating system for the hall was also purchased.
Refurbishment of the washrooms included new flooring, toilet screens, vanity units, basins with automatic taps, electric hand dryers and urinal flush control devices.
In February the meeting rooms were closed for a week during the day time while the old goods lift in the foyer was removed and a new store room created. Skylights were also fitted, increasing the natural light to the room that is being converted into an additional evening meeting space. After these works the project was suspended with just over 50% of the works completed. We continue to receive reduced funding from Reading Borough Council (RBC) via a Community Buildings Transition Fund. This will however end in 2022.
Our team of three caretakers, Emanuella, Adrian and Jan, continue to service the meeting rooms and communal areas of the building and Tara provides administration support in the office along with a team of committed volunteers.
Future Plans:
Our current priority is to try and complete throughout the Autumn the schedule of improvements outlined in the Earley Charity Bicentennial Grant bid which were put on hold due to the Covid -19 pandemic. The main element of work yet to be completed is a redesign of the foyer/reception area to the meeting rooms to make it a more functional and welcoming space.
We are also working on the creation of a new community office to lease on the top floor of the RISC office thus securing further rental income for the organisation.
17
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
Financial review
Principal Funding Sources
The charity received £99,612 in grant income (2020 £165,940) of which £82,255 was restricted to specific projects. The Grant income includes £15,357 Covid 19 business support grant. Trading income from World Shop and resources centre generated £140,514(2020 £187,585). Global café generated £6,435(2020 £183,848). Global refill shop generated £46,024. Centre income amounted to £46,474 (2020 £102,448). The rental flats generated £33,905 (2020 £32,850). The charity also received £19,191(2020 £26,771) in donations and £65 (2020 £204) in Bank Interest. The Job retention scheme income (Furlough) amounted to £120,715(2020 £33,431).
Investment powers and policy
Under the Memorandum and Articles of Association the charity has the power to invest in anyway the trustees wish. The trustees, having regard to the liquidity requirements of operating the charity and to the reserves policy, have operated a policy of keeping available funds in a bank current and deposit accounts.
Reserves policy and going concern
The trustees have established the level of reserves, that is those funds that are freely available, that the charity ought to have. Reserves are needed to ensure working capital is available and to bridge the gap between spending on activities and receiving resources through grant funding and sales of resource materials. Reserves are also held to cover possible emergency repairs to the centre, meet loan obligations and other expenditure.
The trustees therefore consider that the ideal level of free reserves, whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. Monthly budgeted expenditure averages £50,000. The target for free reserves is £150,000 to £300,000 in general funds.
At the year end, the free reserves in the general funds stand at £185,012(2020 £158,073). The strategy is to continue to build reserves through planned operating surpluses over the next few years, thus ensuring that the charity can continue to operate in this era of austerity and economic uncertainties compounded by Covid 19 pandemic.
Structure, Governance and Management Governing Document
World Education Berkshire is a company limited by guarantee governed by its Memorandum and Articles of Association dated 7 February 1986. It has been registered as a charity with the Charity Commission since 26 February 1986. Trustees, of whom there are currently eight are obliged to contribute £1 in the event of the charity winding up.
Trustees' responsibilities statement
The charity trustees, who are also the directors of WEB/RISC for the purposes of company law, are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (Generally Accepted Accounting practice.).
Company law requires the charity trustees to prepare financial statements for each year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period.
18
World Education Berkshire
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 May 2021
In preparing the financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK accounting standards have been followed, subject to any material
-
departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees' annual report:
-
There is no relevant information, being information needed by the independent examiner in
-
connection with preparing their report, of which the charity's independent examiner is unaware, and
The trustees, having made enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
Plans for future periods
The charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. The future plans are highlighted for each of the activity undertaken by the charity under Achievements and performance section of the Trustees report, notably for Public Events Programme, The World Shop, Global café, and Buildings and Community Facilities.
The trustees' annual report and the strategic report were approved on 21[st] October 2021 and signed on behalf of the board of trustees by:
Colin Date Charity Secretary
19
World Education Berkshire
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of World Education Berkshire (continued)
Year ended 31 May 2021
I report to the trustees on my examination of the financial statements of World Education Berkshire ('the charity') for the year ended 31 May 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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.
H B Mistry FCA FFTA Date: 21[st] October 2021 Independent Examiner H B Mistry & Co Tudor House Mill Lane Calcot Reading RG31 7RS
20
World Education Berkshire
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 May 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 36,548 | 82,255 | 118,803 | 192,711 |
| Other trading activities | 6 | 239,447 | – | 239,447 | 473,881 |
| Investment income | 7 | 33,970 | – | 33,970 | 33,054 |
| Other income | 8 | 120,715 | – | 120,715 | 33,431 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 430,680 | 82,255 | 512,935 | 733,077 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 9 | 206,113 | – | 206,113 | 374,489 |
| Expenditure on charitable activities | 10,11 | 197,628 | 96,247 | 293,875 | 320,956 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 403,741 | 96,247 | 499,988 | 695,445 | |
| ================================ | ============================ | ================================ | ================================ | ||
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 26,939 | (13,992) | 12,947 | 37,632 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 1,213,969 | 43,645 | 1,257,614 | 1,219,983 | |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 1,240,908 | 29,653 | 1,270,561 | 1,257,614 | |
| ========================================= | ============================ | ========================================= | ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 25 to 40 form part of these financial statements.
21
World Education Berkshire
Company Limited by Guarantee
Statement of Financial Position
31 May 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 17 | 943,368 | 953,239 |
| Investments | 18 | 620,000 | 620,000 |
| ----------------------------------------- | ----------------------------------------- | ||
| 1,563,368 | 1,573,239 | ||
| Current assets | |||
| Stocks | 19 | 115,509 | 91,416 |
| Debtors | 20 | 30,574 | 4,563 |
| Cash at bank and in hand | 130,027 | 160,804 | |
| -------------------------------- | -------------------------------- | ||
| 276,110 | 256,783 | ||
| Creditors: amounts falling due within one year | 21 | 55,315 | 53,100 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 220,795 | 203,683 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total assets less current liabilities | 1,784,163 | 1,776,922 | |
| Creditors: amounts falling due after more than one year | 22 | ||
| Bank loans and overdrafts | 513,602 | 519,308 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Net assets | 1,270,561 | 1,257,614 | |
| ========================================= | ========================================= | ||
| Funds of the charity | |||
| Restricted funds | 29,653 | 43,645 | |
| Unrestricted funds: | |||
| Revaluation reserve | 1,055,896 | 1,055,896 | |
| Other unrestricted income funds | 185,012 | 158,073 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total unrestricted funds | 1,240,908 | 1,213,969 | |
| ----------------------------------------- | ----------------------------------------- | ||
| Total charity funds | 24 | 1,270,561 | 1,257,614 |
| ========================================= | ========================================= |
For the year ending 31 May 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The statement of financial position continues on the following page.
The notes on pages 25 to 40 form part of these financial statements.
22
World Education Berkshire
Company Limited by Guarantee
Statement of Financial Position (continued)
31 May 2021
In common with many other charities of our size, we use our independent examination to assist with the preparation of the financial statements.
These financial statements were approved by the board of trustees and authorised for issue on 21[st] October 2021, and are signed on behalf of the board by:
Colin Date Trustee
The notes on pages 25 to 40 form part of these financial statements.
23
World Education Berkshire
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 May 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 12,947 | 37,632 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 9,871 | 11,260 |
| Government grant income | (15,357) | (25,000) |
| Dividends, interest and rents from investments | (33,905) | (32,850) |
| Other interest receivable and similar income | (65) | (204) |
| Interest payable and similar charges | 5,018 | 9,669 |
| Accrued expenses/(income) | 72 | (2,859) |
| Changes in: | ||
| Stocks | (24,093) | 9,109 |
| Trade and other debtors | (26,011) | 13,266 |
| Trade and other creditors | 2,143 | (503) |
| ---------------------------- | ---------------------------- | |
| Cash generated from operations | (69,380) | 19,520 |
| Interest paid | (5,018) | (9,669) |
| Interest received | 65 | 204 |
| ---------------------------- | ---------------------------- | |
| Net cash (used in)/from operating activities | (74,333) | 10,055 |
| ============================ | ============================ | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 33,905 | 32,850 |
| ---------------------------- | ---------------------------- | |
| Net cash from investing activities | 33,905 | 32,850 |
| ============================ | ============================ | |
| Cash flows from financing activities | ||
| Proceeds from borrowings | (5,706) | 30,462 |
| Government grant income | 15,357 | 25,000 |
| ---------------------------- | ---------------------------- | |
| Net cash from financing activities | 9,651 | 55,462 |
| ============================ | ============================ | |
| Net (decrease)/increase in cash and cash equivalents | (30,777) | 98,367 |
| Cash and cash equivalents at beginning of year | 160,804 | 62,437 |
| -------------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 130,027 | 160,804 |
| ================================ | ================================ |
The notes on pages 25 to 40 form part of these financial statements.
24
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 35-39 London Street, Reading, Berkshire, RG1 4PS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Covid 19 pandemic has presented challenging times for the charity. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of approval of these financial statements. The trustees are confident that grant applications to various organisations to secure funds for the charity will be successful. This will allow the charity to continue with its activities. The trustees have ensured the charity has sufficient liquidity to continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
25
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
26
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
Depreciation
Land component of Freehold property is not depreciated.
Freehold buildings - 2% on straight line method Fixtures and fittings - 20% on straight line method Motor vehicles - 25% on straight line method Equipment - 20% on straight line method
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant
27
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
4. Limited by guarantee
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Appeals & Donations | 19,191 | – | 19,191 |
| Grants | |||
| Big Lottery Fund-Reaching Communities | – | – | – |
| Earley Charity | – | 52,559 | 52,559 |
| Veg4Families | – | 18,996 | 18,996 |
| Berks. Community Foundation | – | – | – |
| Award for All- Gardens | – | – | – |
| Civic Garden Police | – | 800 | 800 |
| Reading Borough Council | 2,000 | – | 2,000 |
| Nat. Heritage Lot. Fund | – | 9,900 | 9,900 |
| Reading Community Energy Society | – | – | – |
| RBC Covid 19 Grant | 15,357 | – | 15,357 |
| ---------------------------- | ---------------------------- | -------------------------------- | |
| 36,548 | 82,255 | 118,803 | |
| ============================ | ============================ | ================================ |
28
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Appeals & Donations | 26,771 | – | 26,771 |
| Grants | |||
| Big Lottery Fund-Reaching Communities | – | 17,873 | 17,873 |
| Earley Charity | – | 90,221 | 90,221 |
| Veg4Families | – | – | – |
| Berks. Community Foundation | – | 9,116 | 9,116 |
| Award for All- Gardens | – | 9,600 | 9,600 |
| Civic Garden Police | – | 9,130 | 9,130 |
| Reading Borough Council | 3,000 | – | 3,000 |
| Nat. Heritage Lot. Fund | – | – | – |
| Reading Community Energy Society | – | 2,000 | 2,000 |
| RBC Covid 19 Grant | 25,000 | – | 25,000 |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| 54,771 | 137,940 | 192,711 | |
| ============================ | ================================ | ================================ |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| World Shop | 121,136 | 121,136 | 157,221 | 157,221 |
| Food for families, events and courses | 11,372 | 11,372 | 14,876 | 14,876 |
| Centre income | 46,474 | 46,474 | 102,448 | 102,448 |
| Global Cafe | 6,435 | 6,435 | 183,848 | 183,848 |
| Global Refill Shop | 46,024 | 46,024 | – | – |
| Education resources | 8,006 | 8,006 | 15,488 | 15,488 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 239,447 | 239,447 | 473,881 | 473,881 | |
| ================================ | ================================ | ================================ | ================================ | |
| nvestment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Income from investment properties | 33,905 | 33,905 | 32,850 | 32,850 |
| Bank interest received | 65 | 65 | 204 | 204 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 33,970 | 33,970 | 33,054 | 33,054 | |
| ============================ | ============================ | ============================ | ============================ |
7. Investment income
8. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Furlough Income | 120,715 | 120,715 | 33,431 | 33,431 |
| ================================ | ================================ | ============================ | ============================ |
29
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
9. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Fair Trading | 99,535 | 99,535 | 145,509 | 145,509 |
| Global Cafe` | 60,795 | 60,795 | 216,660 | 216,660 |
| Global Refill Shop | 33,148 | 33,148 | – | – |
| Investment Income | 12,635 | 12,635 | 12,320 | 12,320 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 206,113 | 206,113 | 374,489 | 374,489 | |
| ================================ | ================================ | ================================ | ================================ | |
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Centre costs | 38,877 | 49,036 | 87,913 | |
| Core costs | 52,685 | – | 52,685 | |
| Development education | 34,006 | – | 34,006 | |
| Sustainable Communities | – | 31,112 | 31,112 | |
| Community/Centre Development | – | 2,554 | 2,554 | |
| Support costs | 72,060 | 13,545 | 85,605 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 197,628 | 96,247 | 293,875 | ||
| ================================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Centre costs | 53,745 | 42,132 | 95,877 | |
| Core costs | 46,878 | – | 46,878 | |
| Development education | 39,827 | – | 39,827 | |
| Sustainable Communities | – | 26,967 | 26,967 | |
| Community/Centre Development | – | 11,151 | 11,151 | |
| Support costs | 64,013 | 36,244 | 100,256 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| 204,463 | 116,494 | 320,956 | ||
| ================================ | ================================ | ================================ |
10. Expenditure on charitable activities by fund type
30
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
11. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | |
| directly | of activities |
costs | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Centre costs | 38,877 | 49,036 |
27,446 | 115,359 | 130,402 |
| Core costs | 52,685 | – |
32,799 | 85,484 | 67,621 |
| Development education | 34,006 | – |
1,569 | 35,575 | 40,801 |
| Sustainable | |||||
| Communities | 31,112 | – |
11,352 | 42,464 | 44,321 |
| Community/Centre | |||||
| Development | 2,554 | – |
2,564 | 5,118 | 30,412 |
| Governance costs | – | – |
9,875 | 9,875 | 7,399 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |
| 159,234 | 49,036 |
85,605 | 293,875 | 320,956 | |
| ================================ | ============================ | ============================ | ================================ | ================================ |
31
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
12. Analysis of support costs (All activities)
| Sustainable | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Centre | Global | Developme |
Centre | Communitie | Global Refill | |||||
| World Shop | Costs | Core Costs | Cafe` | nt Education |
Restoration | s | Shop | Total 2021 | Total 2020 | |
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |
| Premises | 538 | 22,670 | 10,685 | 415 | – |
2,564 | 1,004 | – | 37,876 | 50,552 |
| Communications | ||||||||||
| and IT | – | – | 4,312 | – | – |
– | – | – | 4,312 | 3,617 |
| Governance costs | – | – | 9,875 | – | – |
– | – | – | 9,875 | 7,399 |
| Legal & | ||||||||||
| Professional | – | – | 1,652 | 766 | 1,520 |
– | – | – | 3,938 | 7,569 |
| Consultancy | – | – | 5,192 | – | – |
– | 9,785 | – | 14,977 | 20,037 |
| Depreciation | – | – | 9,500 | – | – |
– | 371 | – | 9,871 | 11,260 |
| Bank Charges | – | – | 54 | 13 | – |
– | – | – | 67 | 189 |
| Postage & | ||||||||||
| Stationery | 933 | 594 | 1,011 | 355 | – |
– | 192 | 452 | 3,537 | 7,909 |
| Subscriptions | 504 | 334 | 319 | – | 49 |
– | – | – | 1,206 | 1,017 |
| Bank Loan Interest | – | 3,848 | 75 | – | – |
– | – | – | 3,923 | 5,208 |
| ----------------------- | ---------------------------- | ---------------------------- | ----------------------- | ----------------------- | ----------------------- | ---------------------------- | -------------- | ---------------------------- | -------------------------------- | |
| 1,975 | 27,446 | 42,675 | 1,549 | 1,569 |
2,564 | 11,352 | 452 | 89,582 | 114,757 | |
| ======================= | ============================ | ============================ | ======================= | ======================= | ======================= | ============================ | ============== | ============================ | ================================ |
32
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
12. Analysis of support costs (All activities) (continued)
Analysis of restricted funds support costs
| Sustainab | ||||
|---|---|---|---|---|
| le | Centre | Total | Total | |
| Communi | Restorati | Funds | Funds | |
| ties | on | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Premises | 1,004 | 2,564 | 3,568 | 19,937 |
| Communication | ||||
| Consultancy | 9,785 | 9,785 | 14,525 | |
| Postage/Stationary | 192 | 192 | 250 | |
| Legal | 143 | |||
| Depreciation | 371 | 371 | 1,389 | |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| Total | 11,352 | 2,564 | 13,916 | 36,244 |
| ============================ | ======================= | ============================ | ============================ |
The support costs were allocated to activities on the following basis:
Premises : Charged to centre costs unless directly attributed to activity Depreciation : Usage Consultancy : Usage
33
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
13. Net income
| Net income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 9,871 | 11,260 | |
| ======================= | ============================ | ||
| 14. | Independent examination fees | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 9,875 | 7,400 | |
| ======================= | ======================= |
15. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 301,118 | 348,905 |
| ================================ | ================================ | |
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 277,102 | 321,431 |
| Social security costs | 11,446 | 14,734 |
| Pension contribution | 12,570 | 12,740 |
| -------------------------------- | -------------------------------- | |
| Total | 301,118 | 348,905 |
| ================================ | ================================ |
| The average head count of employees during the year was 11 (2020: 15). The average | The average head count of employees during the year was 11 (2020: 15). The average | number of |
|---|---|---|
| full-time equivalent employees during the year is analysed as follows: | ||
| 2021 | 2020 | |
| No. | No. | |
| Education workers | 2 | 2 |
| World shop | 3 | 2 |
| Global Cafe | 1 | 6 |
| Events | 1 | 1 |
| Management and support | 4 | 4 |
| -------------- | -------------- | |
| 11 | 15 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
16. Trustee remuneration and expenses
None of the trustees received any remuneration or reimbursement of expenses during the current or previous year.
34
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
17. Tangible fixed assets
| Freehold | Fixtures and |
Motor | |||
|---|---|---|---|---|---|
| property | fittings |
vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 June 2020 and | |||||
| 31 May 2021 | 1,010,885 | 44,997 |
19,677 | 87,241 | 1,162,800 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= | |
| Depreciation | |||||
| At 1 June 2020 | 58,385 | 44,258 |
19,677 | 87,241 | 209,561 |
| Charge for the year | 9,500 | 371 |
– | – | 9,871 |
| ----------------------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ----------------------------------------- | |
| At 31 May 2021 | 67,885 | 44,629 |
19,677 | 87,241 | 219,432 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= | |
| Carrying amount | |||||
| At 31 May 2021 | 943,000 | 368 |
– | – | 943,368 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= | |
| At 31 May 2020 | 952,500 | 739 |
– | – | 953,239 |
| ========================================= | ============================ | ============================ | ============================ | ========================================= |
The freehold property was valued at £1,000,000 on 31 May 2015. This was considered to be deemed cost at transition to FRS102 on 1 June 2015.
NBV of revalued tangible fixed assets:
The net book value of revalued assets at 31st May 2021 was £943,000(2020 £952,500)
Tangible fixed assets held at valuation
In respect of tangible fixed assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
| the historical cost model are as follows: | |
|---|---|
| Freehold | |
| property | |
| £ | |
| At 31 May 2021 | |
| Aggregate cost | 678,265 |
| Aggregate depreciation | (169,641) |
| -------------------------------- | |
| Carrying value | 508,624 |
| ================================ | |
| At 31 May 2020 | |
| Aggregate cost | 678,265 |
| Aggregate depreciation | (163,128) |
| -------------------------------- | |
| Carrying value | 515,137 |
| ================================ |
35
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
18. Investments
| Investment | |
|---|---|
| properties | |
| £ | |
| Cost or valuation | |
| At 1 June 2020 and 31 May 2021 | 620,000 |
| ================================ | |
| Impairment | |
| At 1 June 2020 and 31 May 2021 | |
| Carrying amount | |
| At 31 May 2021 | 620,000 |
| ================================ | |
| At 31 May 2020 | 620,000 |
| ================================ |
All investments shown above are held at valuation.
Investment properties
Historical cost at 31st May 2021 - £316,253 (2020 £316,253).
The trustees estimate the market value of the investment property at £620,000 as at 31st May 2021 (2020 £620,000) The investment properties were subject to independent, professional valuation at 31st May 2015. The valuation was carried out on an existing use basis by Mr S J Gregory BSc MRICS, a Registered Valuer at Hicks Baker.
19. Stocks
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Raw materials and consumables | 115,509 | 91,416 | |
| ================================ | ============================ | ||
| 20. | Debtors | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Trade debtors | 3,352 | 3,898 | |
| Prepayments and accrued income | 3,310 | 665 | |
| Other debtors | 23,912 | – | |
| ---------------------------- | ----------------------- | ||
| 30,574 | 4,563 | ||
| ============================ | ======================= |
36
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
21. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 7,261 | 9,849 |
| Accruals and deferred income | 10,804 | 10,732 |
| Social security and other taxes | 3,487 | 8,597 |
| Other creditors | 33,763 | 23,922 |
| ---------------------------- | ---------------------------- | |
| 55,315 | 53,100 | |
| ============================ | ============================ |
Borrowing amounting to £23,922 is secured on the company assets.
22. Creditors: amounts falling due after more than one year
Borrowing amounting to £473,443 (2020 £469,308) is secured on the company assets.
Included within creditors: amounts falling due after more than one year is an amount of £392,933 (2020: £399,698) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The loans are for varying periods and varying interest rates from 6 to 25 years. The loans underpinning the property investments are interest only loans. Working capital loans are interest and capital repayment loans. Interest rates varies between 2.5% to 4.2%.
23. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 15,357 | 25,000 |
| ============================ | ============================ |
37
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
24. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 June 2020 | Income | Expenditure | 31 May 2021 | |
| £ | £ | £ | £ | |
| General funds | 158,073 | 430,680 | (403,741) | 185,012 |
| Revaluation reserve | 1,055,896 | – | – | 1,055,896 |
| ----------------------------------------- | -------------------------------- | -------------------------------- | ----------------------------------------- | |
| 1,213,969 | 430,680 | (403,741) | 1,240,908 |
|
| ========================================= | ================================ | ================================ | ========================================= | |
| At | At | |||
| 1 June 2019 | Income | Expenditure | 31 May 2020 | |
| £ | £ | £ | £ | |
| General funds | 141,888 | 595,137 | (578,952) | 158,073 |
| Revaluation reserve | 1,055,896 | – | – | 1,055,896 |
| ----------------------------------------- | -------------------------------- | -------------------------------- | ----------------------------------------- | |
| 1,197,784 | 595,137 | (578,952) | 1,213,969 |
|
| ========================================= | ================================ | ================================ | ========================================= | |
| Restricted funds | ||||
| At | At | |||
| 1 June 2020 | Income | Expenditure | 31 May 2021 | |
| £ | £ | £ | £ | |
| Sustainable communities | 20,875 | 27,214 | (42,093) | 5,996 |
| Centre costs and development | 22,770 | 55,041 | (54,154) | 23,657 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 43,645 | 82,255 | (96,247) | 29,653 |
|
| ============================ | ============================ | ============================ | ============================ | |
| At | At | |||
| 1 June 2019 | Income | Expenditure | 31 May 2020 | |
| £ | £ | £ | £ | |
| Sustainable communities | 22,199 | 52,837 | (54,161) | 20,875 |
| Centre costs and development | – | 85,103 | (62,333) | 22,770 |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | |
| 22,199 | 137,940 | (116,494) | 43,645 |
|
| ============================ | ================================ | ================================ | ============================ |
38
World Education Berkshire
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 May 2021
24. Analysis of charitable funds (continued)
Purposes of Restricted Income Funds
Restricted funds have arisen where income has been received from funders for specific purposes. These include:
Community and centre development
The maintenance of the community and centre was largely funded by grant received from Earley Charity of £45,140 (2020 £83,103)
Sustainable communities
Local Food Funding is to support the setting up the 15 food growing gardens in Reading where families can learn how to grow their own food. This includes covering the costs of a project coordinator and garden tutors to run the sessions with families on site. This activity has been supported by grants from Big Partnership Development Fund (NHS), Berkshire Community Foundation, and dispensary trust, Thames Valley Police and Heritage Fund.
25. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 943,368 | – | 943,368 |
| Investments | 620,000 | – | 620,000 |
| Current assets | 191,142 | 29,653 | 220,795 |
| Creditors greater than 1 year | (513,602) | – | (513,602) |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | |
| Net assets | 1,240,908 | 29,653 | 1,270,561 |
| ========================================= | ============================ | ========================================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 953,239 | – | 953,239 |
| Investments | 620,000 | – | 620,000 |
| Current assets | 160,038 | 43,645 | 203,683 |
| Creditors greater than 1 year | (519,308) | – | (519,308) |
| ----------------------------------------- | ---------------------------- | ----------------------------------------- | |
| Net assets | 1,213,969 | 43,645 | 1,257,614 |
| ========================================= | ============================ | ========================================= |
26. Accounting disclosure
In common with many other charities of our size, we use our independent examiner to assist with the preparation of the financial statements.
39
World Education Berkshire
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 May 2021
2021 2020 £ £
27. Taxation
As a charity, World Education Berkshire is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen on the Charity.
28. Company limited by guarantee
The company which is registered as a charity does not have a share capital. The liability of every member is limited by guarantee to £1.00. The total number of members as at 31st May 2021 was 52 (2020: 47).
29. Analysis of changes in net debt
| At | At | ||
|---|---|---|---|
| 1 Jun 2020 | Cash flows | 31 May 2021 | |
| £ | £ | £ | |
| Cash at bank and in hand | 160,804 | (30,777) | 130,027 |
| Debt due after one year | (519,308) | 5,706 | (513,602) |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| (358,504) | (25,071) | (383,575) |
|
| ================================ | ============================ | ================================ |
30. Related parties
None of the trustees received any remuneration or reimbursement of expenses during the current or previous year.
31. Post balance sheet review
Going Concern
The charities trading activities have been adversely affected during this Covid 19 pandemic. The trustees are pursuing a policy of cost containment and improving income through fund raising activities and appeals.
40
World Education Berkshire 35-39 London Street Reading Berkshire RG1 4PS 20th October 2021
H B Mistry & Co Chartered Accountants Tudor House Mill Lane Calcot Reading Berkshire RG31 7RS
Financial Statements for the Year ended 31[st] May 2021
Dear Sirs
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your examination of the charitable company’s financial statements for the year ended 31[ST] May 2021. These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief.
General
-
1 We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter, under the Companies Act 2006 / Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
-
2 We confirm that the charitable company was entitled to exemption under S144 of the Charities Act 2011 the requirement to have its financial statements for the year ended 31[st] May 2021 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.
-
3 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.
-
4 All the accounting records have been made available to you for the purpose of your examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission
-
5 The financial statements are free of material misstatements, including omissions.
-
6 The effects of uncorrected misstatements (as set out in the appendix to this letter) are immaterial both individually and in total.
1 | P a g e
Internal control and fraud
-
7 We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud.
-
8 We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements.
-
9 We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.
Assets and liabilities
-
10 The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.
-
11 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
-
12 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
Accounting estimates
- 13 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
Loans and arrangements
- 14 The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.
Legal claims
- 15 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.
Laws and regulations
- 16 We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose effects should be considered when preparing the financial statements.
Related parties
- 17 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. Colin Date is a trustee of Christian Concern for One World. We confirm that there are no transactions between the two charities. Peter Burt is also a trustee of The Nuclear Education Trust. We confirm that there are no transactions between the two charities.
2 | P a g e
Subsequent events
- 18 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
Going concern
- 19 We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.
Grants and donations
- 20 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.
Restricted grants and donations are listed on pages 29 of the accounts.
20 We confirm that investment property is stated at market value which was the same as previous year. The market value of the investment property is £620,000.
We acknowledge our legal responsibilities regarding disclosure of information to you as an Independent examiner and confirm that so far as we are aware, there is no relevant information needed by you in connection with preparing your Independent examiners report of which you are unaware.
Yours faithfully
.............................................................................................................................. Colin Date Signed on behalf of the board of directors/trustees
Date
3 | P a g e
World Education Berkshire Year ended 31[st] May 2021 APPENDIX
| Schedule of processed journals | Appendix 1 |
|---|---|
| Schedule of adjustments not processed | Appendix 2 ( see below) |
| Bounce back loan | |
| 12months interest free benefit not | |
| Recorded | £796 |
| Repayment starting from June 2020 |
Adjustments per Appendix 1 were processed whilst compiling the financial statements in compliance with SORP.
4 | P a g e
World Education Berkshire Year ended 31st May 2021
Adjustments processed during the preparation of accounts
Appendix 1
| A/c code | Account title | Dr. | Cr. | Description |
|---|---|---|---|---|
| Suspense account ‐ balance sheet PY | ||||
| 999 | Suspense account ‐ balance sheet | 12,659.35 | posting correction | |
| 630 | Total stock | 12,659.35 | Total stock PY posting correction | |
| Freehold property ‐ depreciation | Freehold property ‐ depreciation | |||
| 527 | charge | 9,500.00 | charge | |
| Fixtures and fittings ‐ depreciation | Fixtures and fittings ‐ depreciation | |||
| 547 | charge | 371.00 | charge | |
| Core costs‐ Support costs‐ | Core costs‐ Support costs‐ | |||
| 290I.22 | Depreciation | 9,500.00 | Depreciation | |
| Sustainable communities‐ Support | Sustainable communities‐ Support | |||
| 292I.22 | costs‐ Deprecation | 371.00 | costs‐ Deprecation | |
| 1 | Appeals & Donations | 665.00 | Appeals & Donations | |
| 690 | Prepayments | 665.00 | Prepayments | |
| 1 | Appeals & Donations | 3,309.81 | Appeals & Donations | |
| 690 | Prepayments | 3,309.81 | Prepayments | |
| 154 | Centre income | 550.00 | Centre income | |
| 815 | Accruals | 550.00 | Accruals | |
| 290D.04 | Centre costs‐ Staff costs | 1,429.00 | Centre costs‐ Staff costs | |
| 815 | Accruals | 1,429.00 | Accruals | |
| 154 | Centre income | 1,600.00 | Centre income | |
| 815 | Accruals | 1,600.00 | Rent paid in advance | |
| 290D.04 | Centre costs‐ Staff costs | 452.90 | Centre costs‐ Staff costs | |
| 815 | Accruals | 452.90 | Holiday Pay | |
| 630 | Total stock | 12,659.35 | Total stock | |
| World Shop, Direct costs‐ Materials | World Shop, Direct costs‐ Materials | |||
| 262.02 | & resale goods | 12,659.35 | & resale goods | |
| 152 | World Shop | 1,208.20 | World Shop | |
| 659 | Provision for doubtful debts | 1,208.20 | Provision for doubtful debts | |
| Cooperative bounce bank loan due | ||||
| 830 | Cooperative bounce bank loan | 9,841.00 | within 1 year | |
| Cooperative bank Bounce back loan | Cooperative bank Bounce back loan | |||
| 810.01 | (unsecured) | 9,841.00 | (unsecured) due within i year |
Approved
Colin Date