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2021-08-31-accounts

AIDS CARE EDUCATION AND TRAINING

FINANCIAL STATEMENTS

FOR

31 AUGUST 2021

Company Number 2245302 Charity Number 299293

ROBIN DILLAMORE LTD

Chartered Accountants and Business Advisers The Melbourne Centre, Melbourne Road Blacon, Chester CH1 5JQ

AIDS CARE EDUCATION AND TRAINING

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

CONTENTS PAGES
Legal and administrative information 1
Report of the trustees 2 to 26
Independent examiner’s report 27
Statement of financial activities 28
Balance sheet 29
Notes to the financial statements 30 to 37

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AIDS CARE EDUCATION AND TRAINING

LEGAL AND ADMINISTRATIVE INFORMATION

Company registered number 2245302
Charity registered number 299293
Governing instrument Memorandum and articles of association
dated 19 April 1988
Trustees T P Spencer, Chair
A Bain (resigned 13thOctober 2020)
M C Band (appointed 13thOctober 2020)
T Brown
F Coady (resigned 23rdFebruary 2022)
N Casey
V Damilola (appointed 25thNovember 2021)
M J Tynan (appointed 13thOctober 2020)
C Turland (appointed 15thJuly 2021)
Chief Executive Officer Catherine Healey
Registered office Abbey House
Abbey Green
Chester
CH1 2JH
Independent examiner Anna C R Benjumea
Robin Dillamore Ltd
Chartered Accountants
The Melbourne Centre
Melbourne Road, Blacon
Chester CH1 5JQ
Principal bankers Barclays Bank plc
53 The Broadway
Ealing
London W5 5JS
Solicitors Taylor Brown
78 Whitby Road
Ellesmere Port
CH65 0AA

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

AIDS Care Education and Training Report of the trustees

2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

The trustees present their report and the independently examined financial statements for the year ended 31 August 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities (FRS 102) in preparing the annual report and financial statements of the charity.

CONSTITUTION

AIDS Care Education and Training is a charitable company limited by guarantee incorporated on 19 April 1988 with registered company number 2245302, and registered charity number 299293 in England and Wales. The working name of AIDS Care Education and Training is acet UK.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by the trustees, who are also the voting members of the company. They appoint new trustees, approve the independently examined accounts, and appoint the independent examiners to be used by the company on an annual basis at the annual general meeting. As the members of the company they also agree to contribute up to £1 in the event of the company winding up.

Trustees serve for a period of three years, after which period they can offer themselves for reelection. At regular meetings, the trustees agree the broad strategy and areas of activity for the charity, including consideration of grant making, reserves and risk management policies and performance. The trustees keep their skill requirements under review and in the event that a trustee retires or additional new trustees are required, they will seek out someone who is able to bring needed expertise. The appointment is the decision of the board. Following the identification of a potential trustee and a review of their expertise, the potential trustee is invited to meet the serving trustees and Chief Executive, after which a vote is carried out by the trustees. A new trustee would have an induction, which would include a meeting with the Chair and Chief Executive, provision of copies of the Memorandum and Articles of Association, board minutes, the last three years' annual reports and accounts and policies. Trustees are also encouraged to take part in training to enhance their effectiveness.

The day-to-day work of the charity is delegated to the Chief Executive and their team. Any major decisions that need to be made in between board meetings are discussed and agreed by e-mail or telephone communication between the Chief Executive and the trustees. The trustees are responsible for reviewing policies (in consultation with relevant staff) and for setting salary increases (with input from the Chief Executive) and employer pension contributions. Salaries are set through job evaluation and benchmarking and are reviewed for cost of living increases by the trustees on an annual basis with effect from 1[st] September.

Trustees are unpaid and receive no benefit from their work with the charity. The trustees are also involved in the acet UK grant-making process for international partners, guided by the Chief Executive and relevant staff. Any expenditure of £1,000 and above, outside of the agreed budget, must be approved by the trustees.

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

SUMMARY OF THE OBJECTS OF ACET UK

The objects of the Company are for the benefit of the public and as an expression of Christian faith and service:

Through the delivery of relationships and sex education and training we

Through our international partners, we do all of the above and also

acet UK and our international partners have shown that working in partnership with Christian organisations and the church is a highly effective way of achieving lasting cost-effective change.

Our approach is to:

  1. Influence the thinking within church leadership so that they can embrace change and commit the church to strategic redirection

  2. Identify and train key change agents such as youth workers, pastors, teachers and parents to become educators and counsellors within their local churches, communities and schools

  3. Support those who we have trained so that they can fulfil their new mission independently ensuring that church congregations embrace key messages and action plans. In this way, new ministries become a mainstream component of church life and are sustained beyond our initial involvement.

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Our Vision

Our vision is culture transformed; a world where people have healthy self-esteem and respect for each other, leading to positive relationships and good sexual health.

We want to see people flourish and reach their potential because they understand how unique and precious they are. We want to see a world where people can build, enjoy and maintain safe and fulfilling relationships. We want to see culture transformed so that sex is valued and people are able to have a better understanding of human sexuality – our desire to connect deeply with others.

As an organisation that began as a Christian response to HIV and AIDS, we also want to see a shift in culture so that those living with HIV are fully integrated into every part of society.

Our Mission

acet UK is a Christian charity and our mission is: to equip and inspire individuals, schools, churches and organisations, in the UK and internationally, to transform culture by promoting healthy self-esteem, positive relationships and good sexual health.

Our mission is achieved through two projects: Esteem and International Support. Nationally, in the UK, the Esteem project encompasses our relationships and sex education work which includes our delivery of relationships and sex education to young people and training of external educators. Internationally, we support several partners who share our vision and values in subSaharan Africa, Eastern Europe, and Asia.

We do this by:

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Outcomes

The intended outcomes of our work include:

Our aims and objectives

In the UK, our long-term aim is that we become a centre of excellence for relationships and sex education delivery and training, ensuring that as many young people as possible receive highquality RSE from trained RSE educators equipped with relevant skills.

Our long-term objectives to meet this goal are:

We will do this by:

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Our short-term objectives over the past year were to:

COVID and the multiple lockdowns obviously had a significant effect on our achievements this year, and whilst we didn’t quite reach the numbers of young people that we had hoped - we smashed our other targets!

We were delighted to be able to deliver not six, but TEN accredited courses training a total 127 educators - well over double our target of 56!

Despite not being able to set foot in schools, we still reached 1711 young people in Southwark through live video lessons, not quite our target (2160) but very close given the circumstances! And our schools work in Westminster reached a further 478, meaning we reached 2189 in total in our London schools.

We smashed our parents’ targets, reaching 151 parents through online parents’ evenings and workshops. It would appear that online parent events are better attended than in person sessions!

We had media articles in the South Wales Baptist Association (twice), Premier Youthwork magazine, “Further together” Facebook live stream, and a podcast for London School of Theology, as well as speaking at Spurgeon’s College, Moorlands College and the London School of Theology several times. We were also delighted to create a new Abrahamic faithbased resource for a network of Muslim schools in collaboration with several Ayatollahs and the Board of Deputies of British Jews. This has been circulated widely.

Our future plans to meet our long-term objectives include:

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

In terms of our international support work, a long-term aim is to support a few key international partners in becoming centres of excellence in their own context. This will mean more young people and adults receiving high-quality relationships and sex education, better care and support for those living with HIV, lower rates of HIV transmission, raised awareness of sexual gender-based violence, better opportunities for vulnerable girls and women, and overall better relational and sexual well-being for people across the range of communities.

Our long-term objectives to meet this goal are to:

Our short-term objectives over this past year, working towards our long-term aim and objectives, were to:

Due to COVID, we were unable to visit any of our partner organisations, but we continued to collaborate and support all of them online, and some of them financially, as well as building relationships with our current donors and providing them with clear updates on the work they are supporting. We were also extremely fortunate to secure some new support for our work overseas.

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Next year we want to:

The trustee’s perspective on acet UK’s future direction

Four new trustees were recruited to our board to increase their knowledge and skill set. We were delighted to welcome two more women onto the board bringing our ratio to a 60:40 split, male to female. We also welcomed our first black trustee and look forward to increasing our diversity in the future.

The trustees support the future direction of the charity in its aim to become a centre of excellence in the field of relationships and sex education and to support its international partners to be centres of excellence in their context.

Grant making policy

The trustees consider grant making an effective means of supporting other indigenous organisations to respond to the HIV pandemic in their communities. Grants are made on the basis of a combination of factors including whether the partner's work fits with our vision, and their capacity and effectiveness. These are measured by the quality of the partner proposals, evaluations and reports we receive, as well as through regular (online) contact and programme visits. This year, the trustees chose to continue to make grants to a small number of international partners with whom we have a previously-established relationship.

SUMMARY OF FINANCIAL ACTIVITIES

Total income increased by £54,693 against the previous year (9.9%). However, this figure is skewed by fundraising appeals for funds held. Without funds held, income actually decreased by 2.6% (£12,601).

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Total expenditure decreased slightly by £15,177, which is a drop of 2.6%.

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

The 2020/21 year finished with reserves of £310,998 of which £95,768 is for funds held grants, £3,541 for international support grants and £98,037 for delivery of the Esteem programme. Unrestricted Funds at the year-end were £113,652, in line with our reserves policy.

Reserves

acet UK has accumulated reserves which are, as far as possible, maintained at a level to cover at least 3 months of expenditure and redundancy pay. In the event of a significant change in income, the main concerns of the trustees are that acet UK 's beneficiaries and service users continue to be provided for, and to ensure that staff can continue working, primarily to secure new funding. The trustees consider that the fund reserves of £113,652 at the end of the 2020/2021 financial year were adequate but not excessive.

Significant Events and Major risks

The special measures introduced by the Government in response to COVID have continued to impact acet UK . But the charity has continued to operate effectively albeit differently: at a reduced level in some areas e.g. schools work, but actually increased in other areas e.g. online training. The board of trustees are constantly monitoring the situation: scenario plans, financial projections and cash flow forecasts have been produced and are being scrutinised on a regular basis at the time of writing the situation and future prospects are still encouraging.

The trustees have acknowledged the need to identify the possible risks acet UK is exposed to and have drawn up the risk map detailing major risks. These risks have been identified under the following key headings:

  1. Governance,

  2. Operational,

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

  1. Financial,

  2. Environmental/external,

  3. Compliance.

These risks have been reviewed and systems and procedures have been established to manage them.

Our policy is for the trustees and Chief Executive to review the risk map every six months. Fundraising, in particular, is a major risk factor and the procedures in place to manage this risk include diversifying our funding streams; raising our brand awareness and acquiring new individual donors; ensuring strong reporting processes are in place; high quality donor care; and increasing our income generating activities. This is in line with our long-term objective of increasing our membership and delivering more training courses and also with a short-term objective for the year of exploring new fundraising opportunities.

The trustees have acknowledged that a key way of managing the range of the risks identified is to ensure that acet UK ‘s policies are regularly reviewed and implementation is ensured. The schedule of policy reviews has been drawn up and a selected number of policies are reviewed and updated when necessary in each board meeting.

Funding sources

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Other
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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Summary of activities for the public benefit

The trustees confirmed that they have referred to the advice contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in future planning activities.

The following summary represents examples of the charitable activities that acet UK is involved with and the achievements that have been made towards our objectives.

COVID continues to create many opportunities for us, not least taking our training online including all our accredited, INSETS and bespoke training days. Together with the relationships & sex education educators we have trained, we were able to reach in excess of 35,000 young people this year! This number is quite a conservative estimate as it is difficult to gauge exactly how many young people were reached online through videos, as they only track viewer numbers, not their ages.

Despite COVID and many lockdowns, our international work continued albeit at a mostly reduced rate and you can read about the success stories below.

Very grateful thanks to all those who have supported us so generously. We would like to express our appreciation to all our many donors, both individuals and trust funds.

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AIDS CARE EDUCATION AND TRAINING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

The Esteem

Network

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Esteem Schools Work

This academic year has been like no other! COVID-19 had a huge impact on our schools work as we have not been able to set foot in any of our partner schools! We didn’t quite manage to reach our target of 2160 young people in Southwark; however, we are delighted that despite all the odds, we came very close! We reached a total of 2189 young people with multiple sessions: 1711 young people in Southwark and 478 young people in Westminster. Each session helps young people to develop critical thinking skills and equipped them to make wise and healthy choices around relationships and sex.

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

Supporting parents

Rape culture has had a prominent place in news headlines this year with more than 51,060 people sharing horrific experiences of toxic sexual behaviours on the Everyone’s Invited website.

Shockingly, 2000 schools are named in these testimonies as places where right culture is present, with a significant proportion of these being in London. Schools and parents have responded to the raised awareness of the serious problem, and as a result we are getting more interest in our work, especially as we have a preventative focus. We have delivered parent workshops to 151 parents to support them in having open and honest conversations with the children about relationships and sex, and we expect the demand for these workshops to increase in the new academic year.

We are so grateful to all of our donors who have made this year so successful despite COVID.

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

We are grateful to Medical Missionary News for providing funding for this project

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

We are grateful to Medical Missionary News for providing funding for this project

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees (who are also directors of AIDS Care Education and Training for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give 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, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website.

INDEPENDENT EXAMINER

The charity's independent examiner is Anna Benjumea of Robin Dillamore Ltd, Chartered Accountants and Business Advisers.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the trustees on ………….. 2022 and is signed on their behalf by: 14th March

T P Spencer Chair

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AIDS CARE EDUCATION AND TRAINING

REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS

We report on the financial statements for the year ended 31 August 2021 set out on pages 28 to 37.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) or under Part 16 of the Companies Act 2006 (the Companies Act) and that an independent examination is needed.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, I have reasonable cause to believe that

have been met; and

Anna C R Benjumea ACA

The Melbourne Centre, Melbourne Road, Blacon, Chester CH1 5JQ

Date: ………… 2022 15 / 03/

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AIDS CARE EDUCATION AND TRAINING

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 AUGUST 2021

(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

Unrestricted Restricted Totals Totals
Funds Funds 2021 2020
Note £ £ £ £
INCOME AND ENDOWMENTS FROM
Income from generated funds
Donations and legacies 2 120,480 414,009 534,489 488,372
Income from Charitable Activities3 - 75,119 75,119 66,010
Income from Investments 84 - 84 617
Other income - - - -
─── ─── ─── ───
TOTAL INCOME AND ENDOWMENTS 120,564 489,128 609,692 554,999
─── ─── ─── ───
EXPENDITURE ON
Raising funds 4 53,141 - 53,141 29,383
Charitable activities
Grants payable 5 - 264,413 264,413 272,434
Costs of activities 6 - 208,972 208,972 166,878
Support costs 7 39,905 130 40,035 113,043
─── ─── ─── ───
TOTAL EXPENDITURE 93,046 473,515 566,561 581,738
─── ─── ─── ───
NET INCOME/(EXPENDITURE)
FOR THE YEAR 27,518 15,613 43,131 (26,739)
Transfer of funds (36,263) 36,263 - -
Other recognised gains / (losses)
Other gains / (losses) - - - -
─── ─── ─── ───
Net movement in funds for the year (8,745) 51,876 43,131 (26,739)
Balances brought forward 122,397 145,470 267,867 294,606
─── ─── ─── ───
Balances carried forward 113,652 197,346 310,998 267,867
─── ─── ─── ───

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 30 to 37 form part of these financial statements.

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AIDS CARE EDUCATION AND TRAINING

BALANCE SHEET

31 AUGUST 2021

Note 2021 2020
£ £ £ £
FIXED ASSETS 10
Tangible assets 1,718 1,892
CURRENT ASSETS
Debtors 11 3,846 7,768
Cash at bank and in hand 311,989 267,623
──── ────
315,835 275,391
CREDITORS:amounts falling
due within one year 12 (6,555) (9,416)
──── ────
NET CURRENT ASSETS 309,280 265,975
──── ────
NET ASSETS 310,998 267,867
──── ────
FUNDS
Unrestricted funds 13 113,652 122,397
Restricted funds 13 197,346 145,470
──── ────
TOTAL FUNDS 14 310,998 267,867
──── ────

For the financial year in question the charity was entitled to exemption under section 477 of the Companies Act 2006 (the Act) relating to small companies.

No members have required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Act.

The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime, and in accordance with the Section 1A of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

14/03/ These financial statements were approved by the trustees on ……….. 2022 and are signed on their behalf by:

T P Spencer T Brown Chair Trustee

The notes on pages 30 to 37 form part of these financial statements.

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AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2006, the Charities Act 2011, the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities (FRS 102)”, and Section 1A of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Company status

The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Fund accounting

Unrestricted funds are general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income and gains are allocated to the appropriate fund.

Income and endowments

All income and endowments are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

No amounts are included in the financial statements for services donated by volunteers.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at headquarters.

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AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

ACCOUNTING POLICIES (continued)

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

- Fixtures and fittings 20% on cost
- Computer equipment 33% on cost

2. DONATIONS AND LEGACIES

2021 2020
£ £
Unrestricted donations 120,480 130,824
Restricted donations 414,009 357,548
─── ───
534,489 488,372
─── ───

The donations above are shown inclusive of the corresponding amounts of Gift Aid tax reclaimable.

3. INCOME FROM CHARITABLE ACTIVITIES

2021 2020
£ £
Training income 51,531 39,542
Lesson delivery 19,750 22,805
Membership income 3,838 3,663
─── ───
75,119 66,010
─── ───

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AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

4. RAISING FUNDS

2021 2020
£ £
─── ───
Fundraising costs 53,141 29,383
─── ───
5. GRANTS PAYABLE
2021 2020
£ £
Grants to other NGOs:
- Africa 105,835 139,789
- Asia 68,578 41,500
- Central Asia - -
- Europe 90,000 91,146
─── ───
264,413 272,434
─── ───
6. CHARITABLE ACTIVITIES
2021 2020
£ £
Book printing and distribution - 94
Programme costs:
- UK staff 194,018 153,224
- Other costs 14,954 13,560
─── ───
208,972 166,878
─── ───

The programme costs represent expenditure on project cycle management, fundraising training and capacity building for international partners.

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AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

7. SUPPORT COSTS

7.
SUPPORT COSTS
2021 2020
£ £
Other office costs 11,859 47,344
Staff costs 24,420 61,645
Bank charges 130 120
Depreciation 1,204 1,605
Independent examiner’s fees 1,575 1,588
Insurances 847 741
─── ───
40,035 113,043
─── ───

8. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

No remuneration was paid to the trustees for their services as trustees and no expenses were reimbursed during the year (2020 - £nil). The trustees donated a total amount of £1,582 during the year to the charity (2020 - £4,700).

9. STAFF COSTS

STAFF COSTS
2021 2020
£ £
Wages and salaries 233,673 223,869
Employer’s national insurance 21,878 17,054
─── ───
255,551 240,923
─── ───

No employee received emoluments, as defined for taxation purposes, amounting to over £60,000 in the tax year. The total paid to key management personnel during the year was £55,825 (2020 - £60,271). Contributions to a pension fund for the benefit of employees of £9,066 have been made during the year (2020 - £7,888).

The average monthly number of employees during the year was:

2021 2020
Number Number
Full-time staff 4 4
Part-time staff 5 4
─── ───
9 8
─── ───

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AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

10. FIXED ASSETS

Cost or valuation
As at 1 September 2020
Additions
Disposals
As at 31 August 2021
Depreciation
As at 1 September 2020
Charge for the year
Disposals
As at 31 August 2021
Net book values
As at 31 August 2021
As at 31 August 2020		 Fixtures and
fittings
Computer
equipment
TOTAL
£
£
£
2,223
9,810
12,033
-
1,030
1,030
-
-
-
2,223
10,840
13,063
1,866
8,275
10,141
184
1,020
1,204
-
-
-
2,050
9,295
11,345
173
1,545
1,718
357
1,535
1,892

11. DEBTORS

2021 2020
£ £
Gift aid recoverable 2,435 5,458
Other debtors 1,411 2,310
─── ───
3,846 7,768
─── ───

12. CREDITORS: amounts falling due within one year

2021 2020
£ £
Taxation and social security 4,960 7,055
Accruals and deferred income 1,575 1,575
Other creditors 20 786
─── ───
6,555 9,416
─── ───

Page 35

AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

13. STATEMENT OF FUNDS

Unrestricted funds
General reserves
Restricted funds:
ACET Belarus
ACET Congo
ACET Nireekshana, India
ACET Nigeria
ACET Russia
ACET Slovakia
ACET Thailand
ACET Uganda
ACET Ukraine
Zimbabwe – Nehemiah Project
Nakulabye School, Uganda
Books
Friends of ACET Uganda
Uganda appeal
Mbale appeal
Tearfund Uganda
Miscellaneous International
International Programme Support
ACET CCP Zimbabwe
Translations (E Europe / C Asia
Support)
ACET DRC medical fund
Esteem
Total restricted
Total funds		 At 1
September
2020
Income
Expenditure
Transfers
*
Gains and
losses
At 31
August
2021
£
£
£
£
£
£
122,397
120,564
(93,046)
(36,263)
-
113,652
-
25,000
(25,000)
-
-
-
-
434
(434)
-
-
-
-
16,133
(16,133)
-
-
-
5,000
20,950
(35,000)
9,050
-
-
-
5,000
(5,000)
-
-
-
-
-
-
-
-
-
34,988
61,318
(52,446)
-
-
43,860
7,200
7,200
(14,400)
-
-
-
-
60,000
(60,000)
-
-
-
1,500
22,264
(25,000)
1,236
-
-
2,400
2,426
(1,285)
-
-
3,541
-
-
-
-
-
-
9,466
15,834
(19,580)
-
-
5,720
2,149
41,951
(2,150)
-
-
41,950
-
4,654
(4,654)
-
-
-
-
-
-
-
-
-
4
-
-
(4)
-
-
-
19,218
(45,941)
26,723
-
-
2,324
3,914
(2,000)
-
-
4,238
-
-
(288)
288
-
-
1,334
-
(1,334)
-
-
-
79,105
182,832
(162,870)
(1,030)
-
98,037
145,470
489,128
(473,515)
36,263
-
197,346
267,867
609,692
(566,561)
-
-
310,998

The general reserves are the free funds of the charity which are not designated for particular purposes. These funds will be used to make commitments to partners to enable them to deliver their core services, whilst retaining sufficient funds to comply with acet UK’s reserves policy.

Funds are received and distributed for International ACET Programmes and in support of the general printing, translation and distribution of ACET publications.

Fund balances held for ACET Thailand House of Grace, Friends of ACET Uganda, ACET CCP and DRC medical fund are transferred when requested by the project.

Page 36

AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at
31 August 2021
represented by:
Fixed assets
Current assets
Current liabilities		 Unrestricted
funds
£
1,718
118,489
(6,555)
113,652		 Restricted
funds
£
-
197,346
-
197,346		 Total
£
1,718
315,835
(6,555)
310,998

Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restrictions.

15. STATEMENT OF CASH FLOWS

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning of the reporting
period
Change in cash and cash equivalents due to exchange rate
movements
Cash and cash equivalents at the end of the reporting
period		 2021
2020
Note
£
£
45,396
11,815
(Note 15)
-
-
-
-
(1,030)
(698)
-
-
-
-
(1,030)
(698)
-
-
-
-
-
-
-
-
44,366
11,117
267,623
256,506
(Note 16)
-
-
311,989
267,623
(Note 16)

Page 37

AIDS CARE EDUCATION AND TRAINING

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2021

16. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
statement of financial activities)
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
. ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdraft facility repayable on demand
Total cash and cash equivalents		 2021
2020
£
£
43,131
(26,739)
1,204
1,605
-
-

-
-
-
-
3,922
35,792
(2,861)
1,157
45,396
11,815
2021
2020
£
£
311,989
267,623
-
-
-
-
311,989
267,623

16. ANALYSIS OF CASH AND CASH EQUIVALENTS