Scottish Charity Number.. SC022171 Scottish European Educational Trust la Scottish Charitable Incorporated Organisation) Report and Financlal Statements for the year ended 31 July 2023
Scottish European Educational Trust ISCIOI Contents of the Financial Statements for the year ended 31 July 2023 Page Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the Financial Statements 11-15
5cottlsh European Educational Trnst {SCIO) Page l. Trustees, Annual Report forthe year ended 31 July 2023 The trustees present thÉiT annual report and finaTrcial statements of the charity for the year ended 31st July 2023. The finantial statèmènts have been prepared in ac¢Drdance with the accountin8 policles set out in thè notès to the accounts and comply with the charitvs constitution, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Acco(Jnts Iscotlandl Re8ulations 200613s amendèd) and Accountin8 and Reporting by Charities.. Statement ol Retommended Praetice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Repyblic ol Ireland published on 16 July 2014. oBJecnvESAND AcnviTIES The objectives of the charity are.. to Pfomote and encour6ge education in Scotland. bythe aCancement of schemes for theteachln8 and studyof European matters. Such matter5 shall include, but not be restricted to, the history. 8eo8raphy* science, languages. èconomic5, art. literature and cultures of the countrles of Eurtspe, to raise awareness amon8 young people about opportunities for living, working and studyin8 in Europe and beyond, towork in collaboration with other or8anisations and agencies pursuing similar objettives in Scotland, the UKand Europe. ACHIEVEMENTS AND PERFORMANCE The Scottish European Educational Trust ISEETI is an independent, non-political charity commltted to promoting international education. 5ki115 development and langua8e learning amon8St children and young people In Scotland. SEETaim5 to rnaximi5e 5ki11s development and encourage parDcSpants to realise their full poterntial. This is achieved through a programme olen8a8in8 projects, which offer targed support to empower youn6 people in rural cornmunities and areas that are experiencing economic or social dlsadvantage. SEET is passionate about supporting and ertablins future generations of young people in Scotland to gain the skills necessary to en8a8e and flourish in a multinational, rnulti-lingual environment. Our projects offer a context for lan8uage learnin& global citizenship education. and increasin8 cultural awareness, while encouraging the development of a ran8e of core skills essential to enhaacing future employability prospèrts. A kw aim for SEET in 2023-24 will be to continue to 8row both projects, parti<ipation rates, getting more children and young people involved in SEET'S activities, ensuring that language and international education opportunities remain accessibleto all. Wefeel strong¢ylhatwe can p13ya key role in ensuring the importance tsf language learning and international education remain atthe forefront DI Scottish education. It15 a partlcularly speclal year for SEET, as we are celebratinB Our 30th blrthday as a char5ty in 2023. We are proud to celebrats 30 years of Ireating opportunstie5 for primary and secondary school pupils across Scotland to bulld the skllls, knowledge. and confidence to look outward and to en8a8e with other countries, cultures, and language5.
Scottish European Educational Trust ISCIO) Page 2. Trstee$, Annual Report Icontinuedl for the year ended 31 July 2023 ACHIEVEMENTS & PERFORMANCE {¢ontinuedl Our Im SEET 15 cornrnitted to conducting regular evaluations of the impatt we are having, and the prcgress bein8 made towards meeting our outlined goals. 7his year, we continued to offer hybrid enEa£ernent which allowed us to reach a wider audience. The feeifback gathered from the projerts, as well as participation data, social media reach and media coverage, serve as a bèse for presenting our impact on young people, teachers, schoo15, and the educat49n sector in Scotland. Throughout this projert year, Euroquiz and Our World continued their trend5 of engaging with high numbers of Scottish schools and young people. with both project5 reathing a record rate of pup41 participation. M¢ye than 2,750 pupils from 550 schools partitipated in the Euroquiz projert and Our World worked wth over 725 puplls from 47 Scottlsh secondary schools across 20 Local Authorsties. EUROQUIZ Euroquii 15 an annual project for P6 pupils, which sees teams ol four working together to broaden their knowledge ol Europe and the wider world. Subjects covered include histtsry, geograph¥, CltUre. languages. global citizenship and European affairs. Through particlpating in Eurtsquiz. pupils deepen their knowledge Of international affairs. but also have the opportunlty to develop skllls and achleve the outcotnes set out In the Currlculum for Exllence. Fleats take place in every local authorlty across Scotland from February to April. with the winning team5 from all 8rea5 going forw3rd to the Nztion31 Euroquiz Final Sn June. Euroqijlz creates an enthusiasm for le8rnin8, developin6 puplls. abllity to work in tearns and communicate effectively, ultimately increasin8 thdr ccffifidence and range of core skills. More than 2.750 puplls from 550 Khools participated in the Euroquiz project in 2022-23. This is ourhl8hest partlclpatlon rate In the hlstoryof the Euroqulzyojert, and we arè delighted that so many young people took part. We offèred a hybrid model of en8a8ement again for Euroquiz this year, with each Local Authority choosin8 a heat format to best suit the needs of the schools in their area. We developed remote online models for the Eurgquiz Heats, removing barriers to parti¢ipatitsn for all. particularly for schoo15 in rural areas and areas ol high socio-economic deprsvation. This year, we host the Euroquiz Final at the University of Edinburgh'5 McEwan Hall for the first time. We were delighted to welcorne pupils frorn 31 Local Authorities to the Final. where pupils were cheered on by parents and peers from the gallery. The magnificent McEwan Hall provided an excellent venye for the event and Presented a unique opportunity for partitipating pupils to take centre stage in an aspirational venue. widening their horitons. while rÈcognising and celebrating thÈir own achievements.
5cottlsh European Educational Trust ISCIO) Page 3. Trustees, Annual Report (continued for the year ended 31 July 2023 ACHIEVEMENTS & PERFORMANCE (wntlnued} This yearfs Euroquiz project received support from the Scottish Government, 7he James T Howat Charitable Trust, Thomas Tunnock Itd. Fieldfishef ILP and the Faculty of Advocates. We are also grateful to several partners and Individual donors, without whom the continuatlon of this project would ntst have been possible. OUR WORLD Our World is an innovative filmmaking project which uses interdisciplinary learnin8 to enga8e secondary school pupils In Screen educatlon. languagè lÈarnin& and ultlmately develop core skills. Particlpants work in small tèams (with the help of SEET staff and teacher51 to develgp multylin8ual film Ideas based on themes relating to global cltizenship. before receiving tralnin8 from industry professionals on how to 5torybo8rd, shoot. arkd edit their concepts. Tearns then create their films at a filmmaking workshop. before showcasing them at a Premiere & Awards Ceremony, where partiapants pr&ent their idea5 and receive recognition of their achievements throughout the process. The project is designed to supplement language learnin& promote Leamin8 for Sustainability and to achieve the outcomes Set out in the Curriculum for EXllence. The creative process of storyboarding and filmmakin8 uses langageS to explore global citiienship and its relevance to pupi15' live5.
Scottlsh European Educatlonal Trust ISCIO} Page 4. Trustees, Annual Report (continued) for the year ended 31 July 2023 ACHIEVEMENTS & PERFORMANCE (contlnued) Our World was completed in a hybrid format in 2022-23. We developed an online version of the school visit5 and teacher CLPL sessions which allowed us to work with schools from much further afield th&n we had done in previous years. We workwith loca Authority contacts and schools to identify potential project beneficiaries and to remove any barriers to participation. To achieve this, we offere(J a travel and accomrnodètion bursary for schools, allowin8 schools in areas of high souo-economic deprivation a5 measyred by the Scottish Index of Multiple Deprivation ISIMDI ènd in rural areas to participate. The hybrid nature of both projects thls year removed any geographical or acce55ibility barriers for our participants. All learning resources were available for free on our website. More than 725 puplls from 47 Stotllsh Hlgh SthooLs signed up to participate In Our World 2022-23. These schoo15 spanned 20 Lotal Authorltles In Scotland. This is an increase in comparison to last yearfs figures. 28% of schools which participated in Our World 2022-23 were trorn SIMD area$ 1-3. accordlng to SIMDfigures. Forthe firsttime in 2022-23 projert year. Our World worked with pupils in an A5N sthool (Park School. East Ayr5hirel. We offered a tailored workshop for the pupils, whieh involved SEET staff attending the School, providin8 differentiated learning and teaching sOUrces. and an adapted filmmaking timetable. Accordin8 to the feedback and evaluation forms which we tollected after the workshop stage of the projert, 45% ot participating pupils self- identified as non-white. with an astonishing 29% putting English as their second lan8ua8e. It is an on8oing aim of the project to continue growin8 the participation rate of schools within lowerSIMD and rur81 area5. There is a real appette lor pupils with En81ish as their second language to participate in Our World, as the project is a celebration of the diversity wlthin ourschool communitles whieh treats all lan8Ua8es and cultures equally. This yearfs Our Wodd project recefved support from the Scotttsh Government, the Hugh Fraser Foundation, the Educational Institute of Scotland, Glasgow City Council. Creative1Screenl Scotland, New Park Educational frust, the Faculty of Advocatés. Fieldfi5her LLP and the Cruden Foundation. We are also hu8ely grateful for support from individual donor5 and sgrne projert partners too whose contributions are essential to the continuation of the project. FINANCIAL REVIEW The Flnanclal Statements have been preparèd in accordance with current statutory requirements. The results for the year and financial position of the charity are as shown in the annexed accounts. Thestatement of Financial Actlvities indicates net expenditure for the year of £7.35512022- net income of £7851 and total funds of £29,62012022 - E36,9751 at 31 July 2023, of whith £1,95312022- £6041 relates to Restricted Funds. INVESTMENT POLICY AND PERFORMANCE Thé trustees. having regard to the liquidity requirements of running the tharity. have kept available funds sn a current account. RISK MANAGEMENT The Trustees have assessed the major risks. financial and non-financsal. to which the charity is exposed and are satisfied that systems are in pla to mitigate any exposure to the major risks as a SuIt of this review. RESERVES POLICY & GOING CONCERN Although it is the poliry of the charity to Maintain Unrestrieted funds li.e. fund5 not designated, committed or invested in fixed assets) at a sufficient level to cover administrative costs, the charity's core activities are mainly financed by Restricted Funds. Accordingly. the char*ty's ilnre5trirted reseryes largely represent funds arisln8 from donation5 and unrestrtrcted grants. Unrestricted funds per the General Fund at 31 July 2023 amounted to £29,03412022- £36,3711 which was considered adequate by the frustees. Althou8h there has been a decrease in funds this year. Trustees have con5tdered the situation and are confldent about the prospects of the ChartY for at least the next 12 months. Project empenditure tan be adjusted according to the available funding. Therefore the trustees consider that the charity is è goirtg ¢oncern.
Scottish European Educatlonal Trust {SCIOI Page 5. Tru5tees' Annual Report (contlnued) for the year ended 31 July 2023 PLANS FOR FUTURE PERIODS The Euroquiz and Our Worfd projects will continue to run from autumn 2023 for the 2023-24 academic year. Moving forward.. Our plans for 2023-2024 Continue to engage with all 32 local authority areas in runnin8 projects and increase school participation numbers. Work with local authorities to provide proactive outreach to schoo15 Wlthin rural areas and areas of hi8h socio-economic deprivation. Actively seek new partnerships and sources of funding to assist with the sustainability of our project5 movin8 forward. Continue to encourage schools to adopt a whole school and community approach to Euroquiz and Our World. Enhance ourevaluation strategy In orderto collect more meaningful data in relation toyoung people's experiences takTn8 part in our projeets and the impact this h35 on their learning. Continue tts develop and enhance language content to raise enthusiasm for language learning and meet the aims set out in Scottish Government education policy, such as 1+2 language policy. Ensure that Learning for Sustainability and global citizenship are at the forefront of the learnin8 Opportunities that we offer. TNstees continued to meet re8ularty throughtsut the year. 14Jrposè of restricted funds.. The Euroquli Fund represents funds allocated to the administration and running of the Euroquiz prolect for primary sthool pupils. The Ourworld Fund represents funds allocated to the Ourwortd project for5econdary schools. which involves language development and film-making workshops. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng Document Scottish European Educational Trust Isaoi 1.the charitV'I is a reco8nised Scottish charity INO. SC0221711. governed by it5 constttution. The charity changed from company to sao format on 28 August 2015. Appolntment of Trustees Appropriète potential Trustees are identified by the existing trustees. Un¢Jer the provision5 of the cgnstitutlon, one third of the Trustee5 retire atthe Annual General Meetin& but are eligible for re-election. The Trustees to retire shall be those who have been longest in office. The Trustees serving durin8 the year and since the year eftd a detailed ljelow. Trustees continued to meet re8ularly throughout the year. Trustees, Induttion and traintrng New Trustees take part in an inductlon by the Chair which aim5 to farniliarise them with the charity's values, aims and oblectives together with its day-to-day operation5, in addition to clarifyin8 their responsibilities as Trustees of a charlty. Or8ani5atlonal strurture The Trustees are fftspon5ible for the overall direction of the charsty.
Scottlsh European Educational Trust ISCIO) Page 6. Tru5tees' Annual Report Icontinued for the year ended 31 July 2023 LEGAL AND ADMINISTRATIVE INFORMATION CHAR(TY NAME.. Scottish European Educational T¥ust ISCIOI la Scottish Charitable Incorporated Organisationl CHARITY REGISTRATION NUMBER.. SC022171 PATRON.. TRUSTEES.. The member5 of the organi5ation are identical to its charity trustees. CHARrrY sECRARy PRINCIPAL OFFICE AND REGISTERED OFFICE.. INDEPENDENT EXAMINER.. Ho1115 Accounting thmited 3 Melville Crescent Edinburgh EH3 7MW
Scottish European Educational Trust ISCIOI Pa8e 7. STATEMENT OF TRUSTEES, RESPONSIBILITIES for the year ended 31 July 2023 The ChatY trustee5 are Fe5POn5iblefor preparing a trustees, annual report and financial statemÈnts in accordance with applicable law and Unlt@d Klngdom Acc0tJntng siand3rds Iunited Kingdom Generally Accepted Accounting PracbcÈl. The IHW applible to charities in Scotland iequiie5 the chariiy trustees to prepare flnancial statements for each year whlch gtve a true and fair view of the state of ?ffai¥5 gf the charity and of incoming rÈ50urce5 and applscation of resources of the charity far that period. In preparing the fiTrancial ststements, the trustees are requlred to.. selÈct suitable accounting policie5 and then apply them consistent,. Observe thg methods and principle5 in the Charities SORP,. makÈ judgements and pstim3tes that are reasonable and prudent,. statÉ whether appli¢3ble accountlTI8 Standards have been followèd. subjErt to any material departUTes disclosed and explained In thÈ financial statements,. prepare the financial 5tstements on the golng Concern basis unless it 15 inappropriate to presume that the charity will continue in ope*ation. The Trustees are responsible foi keeping proper accouTrtin8 records which disilose with reasonable accuracy at any tinie the financlal position of the charity and to enab them to ensure that the financial 5taternent5 comply with the Charities and Trustee Investment Istotlahdl Act 2005, the Charities Accouftts (Scotlandl Regulations 2006 and the PFOVlSions ol the charity'5 constitution. They are also re5ponsibte for 5afeguardTng the assets of the charity and hence for taking reasonable Steps for the prevention and deteciion ot fraud and other irregularities. The Tiustees are responsible foT the maintenat)£e and inteerity of the charity and financ$31 information included on the charitrf5 webslte. Leglsl?tlon in the United Kingdom governlng the PTepaiation and dissemination of finanaal Statements rnay differ from legislation ITr other juTi5dirtlQnS. This report was approved by the Trustees on ....... nd Signed on their behalf by
Scottish European Educational Trust ISCIO) Page 8. Independent Examlnerfs Report to the Trustees on the Unaudited Flnanclal Statements of Scottlsh European Educational Trust {SCIOI I report on the accounts ol the chartty for the year ended 31 July 2023 which are set out on pa8e$ 9 to IS. RespectlVÈ fèspon5ibilities of trustees and examiner The charity'5 trustees are responsible forthe preparation of the accounts in accordance with thetems of thecharilies andTrustee Investment (Scotlandl Aet 2005 and the Charities Accounts (Scotlandl RegulatTron5 2LNJ6 las amended). The charity trvstees cunsider that the audit requiretnent of Re8ulatiiJn 10111 lal to IE) of the 2006 Acrounts Re8ulatlQll5 doe5 not apply. It is my responsibility to examine the accounts as required under Section 44(11 Icl of the Att and to State whether particular matter5 have come tts my attention. Basls of Independent examlnerfs statement My Èxamlnation is carried out In accordance with Re8ulation 11 of the 2006 Accounts Regulations. An examination Includes revlew of the accountln8 records kept by the charlty and a comparison of thè 3CeOLtnts presented with those records. it also Includes con5ideiatioft ol any unusual items or éi5cIoSUfe5 in the accounts. and Seeks explanations from the trustees conrning anysuch matters. The procedure5 undertaken do not provide all the evidence that would be requlred in an audit, and consequently I do not express an audlt opinion on the view given by the accounts. Independent e¥aminerfs statement In the course Ol rny examination, no matter has come to my attention l. which gives me reasonable cause tg believe that in any material respect the requirements to keep accotsntlog (OrdS in accordance with Section 4411) lal of the 2005 Aci and Aegulatton 4 of the 2006 Accounts Regulations to prepè¥e atcount5 whieh 3ccord with the accountin8 records 3nd comply with Regulation 8 of the 21116 Accounts Re8ulètions have not been met, or 2. to whith, in my oplnlon, attentlon should be 15rawn In order to enable a proper understandln8 of the accounts to be reached. Hollis Accounting Limited 3 Melvtlle Crescent EDINBURGH EH3 7HW Date..
Scottish European Educational Trust (SCIO} ststement of Financial Activities forthe year endlng 31 July 2023 Page 9. 2023 2023 Unrestrlcted Restrlcted Note Funds Funds 2023 2022 2022 Unre5trirted Restrirted Fund5 Fund5 2022 Total Total Income and Endowments Donations ancl le8acies Charitable activities 15.280 53,948 15,280 53,948 6,252 9,250 63,135 15.502 63,135 Other Income Total Income 69.228 69.228 6.252 72,385 78,637 Raisin8 funds Charitable actNlties Totsl expefidlture 7,337 7,337 69.246 69.246 76.583 76,583 2,618 2,618 75.234 75.234 77,852 77,852 Net incomelle¥pendlturel 17,3371 1181 17,3551 3,634 12,8491 785 Transfers between funds 11,3671 1.367 11,1901 1,190 Net movement In lunds 18.7041 1,349 17,3551 2.444 11.6591 785 Fund retonciliation Fund balances brought forward 36.371 604 36,975 33.927 2.263 36.190 Fund balancè tarrièd forward 27,667 1,953 29,620 36.371 604 36.975
Scottish European Educational Trust ISCIOI Balance Sheet as at 31 July 2023 Page 10. UMrestri(ted Restricted Funds Funds 2023 2023 Total Funds 2023 UnrestTicEed Restilcted Funds Funds 2022 2022 Total Funds 2022 Note.. Flmed assets Tangible Fi¥ed Assets Investments 2.970 Z,970 Total Fixed Assets 2,970 2.970 EA)4 Current assets Debtors io 2,408 14071 2,001 Cash at bank and in hand 27,661 27,667 4,406 4,406 32,073 32.073 36,371 36.371 35,964 38,372 Total Current A$5ets Cyeditors: Aniounts falling due within one ye3r li IS,4231 15.4231 12,0011 12,QOII Net current assets 27,667 11,0171 26,650 36,371 36,371 Nét assets 27,667 1,953 29,620 36,3?1 604 36,975 Unrestiicted Fur¥d5 General Funds 13 27.667 1,953 36,371 604 Restrlcted Funds 15 Total Funds 29,620 36,975 The note5 at pages 11 to 15 form part of these ac£ounts. Approved by the Trustees on . and signed on their behalf by.. Irustee
Scottish European Educational Trust (SCIO) Notes to the Financial Statements for the year ending 31 July 2023 Page 11. ACCOUNTING POLKIES 1.1 Accounting tonvention The accounts (financial statements) have been prepared underthe historlcal cost conventlon with items recognised at C05t or transattion value unless otherwise ststed in the relevant notelsl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financ¢al Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amerndedl. The charity constitute5 a public benefit entity as defined by FRSIO2. The prlncipal accounting policies adopted In the preparation of the financial statements are set out below. 1.2 Going Concern The accounts have been prepared on a Bn8 concern basi5. The Trustees have assessed the Charity'5 ability to continue as a gcxng concern and have reasonable expectation that the Charity has adequate resource5 to continue in operational existence lor the foreseeable future. There are funds currently available to meet all liabilities when they become due and if there are any thanges in position the Trustees will make the necessary adjustments to serv(ce provlsion and stafflng. Thus they contlnue to adopt the going concern basls of accountlng in preparin8 these accounts, 1.3 Income Voluntary income Including donatior*s. gifts and legacies and Brants that provide core funding or are of general nature are recognised where there 15 entitlement. certainty ot receipt and the amount can be measured wtth sufficient reliabiltty. Such inctsrne is only deferred when the donor specifies that the grant or donation must only be used in future accountin8 periods, or when the donor has imposed conditions which must be met before the charitv has unconditional entitlement. Income from investment5 is ir¥cluded in the year in which it is receivable. Income from charitable activities including income received under contract or where entitlemet7t to grant funding s subjert to specific performance conditions is recognised as earned as the related good5 or Services a provided. Grant income in this category provides funding to support perforrnance activitie5 and is recognised where there is entitlemenL certainty of receipt and the amount can be measured with sufficient liabIlity. 1.4 Expèndlture Expenditure 15 recognised on an accruals basis when a liability is incurred. Expenditure include5 any VAT which tannot be fullv recovered. and is reported as )art of the exoenditure to which it felates. Chèritable expenditurè comprises those costs incurred by the charity in the delivery of Its actlvities and servSces for its beneficiaries. It includE5 both costs that can be allocated dlrectly to s¢Jch attivities and those costs of an indirect nature necessary to support them. 1.5 Tan8lble fixetl assets and depreclatlon Fixed assets (excluding investments) are ststed at C05t le55 attumulated depreciation. The costs of minor additiot15 r those costing below £300 are not capitalised. Depreciation is provided at rates calculated to write off the cost less residual value of eath asset over its expected useful life, as follows.. Ftures. fitting5 and equipment 25% straight Ilne 1.6 Taxation The Charity is not re8i5tered for VAT and accordin8ly expenditure includes irrecoverable input VAT where appropriate. The organisation is recognised as a charlty by HM Revenue and Customs. Accordingly, no provision is made lor taxation liabilitie5.
Scottish European Educational Trust ISCIO} Notes to the Financial Statements Icontinuedl for the year ending 31 July 2023 Unrestricted Restrlrted Funds Funds Page 12. Total 2023 Unrestrkted Restrlrted Funds Funds Total 2022 Donatbons and leBacles Donations and other income Gift Aid rece*ved 12,773 2,507 15,280 22.T13 2,507 15,280 5.000 1,252 6,252 13.000 2,502 15,502 1.250 9,250 Charltable Actlvltles Income for Euroquiz Income for Our World 24,599 29,349 24.599 29.349 38,lJ)O 25,135 38,iYXI 25.135 Other income 53,948 53,948 63.135 63.135 Unrestricted Restricted Totsl Unre5tri£ted Restrlrted Funds Funds Total 2022 Funds Funds 2023 Costs of generatlnK fund5 Fundraising costs Costs olcharltable actlv6tks Projects and activities t05ts Staff ctssts Premises costs Running costs Interest and finance charges Depreoation Independent Examiners Fee 15.792 43,448 4.938 2.497 15,792 50.785 4.938 2.497 20,043 43,573 7,248 2.789 19 20,043 46.191 7,248 2.789 19 302 7.337 2,618 1.191 1.380 69,246 1,191 1.380 76,583 302 1.260 75,234 1.260 77,852 7,337 2,618 Nèt Intome Is Stated after thargirt¢.' Unrestrlctèd Restrirtèd 2023 Unrestrlrttd Rtstricted 2022 Depreaation other amounts written off tan8ible assets Independent Examiners Fee 1,191 1.380 1,191 1,380 302 1,260 302 1.260
Scottish European Educational Trust (SCIO) Notes to the Financial Statement5 (continued) for the year endlng 31 July 2023 Page 13. stsff t05ts and nurnbers 2023 2022 Employment t•sts Wages & salaries Social Secijrity costs Pension costs 48,428 1,078 1,279 947 Payroll admin. costs Other costs 1,184 50,785 46,191 Number of employees The average monthly number of employees, calculated on a head count basis, dudn8 the year 2023 2022 Trustees No trustse nor any person connected with them recelved remunerntion or reimbursements for expenses In the period. Durin8 the year a total of £IO,00012022.. £10,7501 was donated to the charity by trystees, £nil 12022.. E7501 from a Family Trust connected to a trustee and £1.699 12022.. £nill in business Sponsorship from a company connected to a Trustee. Tan8lble Fbxed Assets 2023 Flxed Assèts 2022 FFxed Assets Cost At l August brought forward Addition5 At 31 july carried fotwards Dèpreclatlon At l August brought forward Char8e for the year At 31 July carried forwards Net Book Value5 At 31 Julv 6.285 3,557 9,842 6.285 6,285 5,681 1,191 6.872 5,379 302 5.681 2.970 604 io Dèbtors 2023 2022 Debtor5 and accrued income Other debtors 2,408 2,408
Scottish European Educational Trust (SCIO) Notes to the Financial Statements (continued} for the year ending 31 July 2023 Page 14. li Creditors: amounts faNin8 due within one year Creditors Other taxe5 and social security tosts Accruals and deferred income 2023 2022 1.043 4,380 5,423 741 1,260 2.001 12 Analysls of nèt assets between funds Fund balances at 31 July 2023 as represented bv.. Tangible fixed assets Current Assets Current Liabi1Sties Unrestrlctèd funds Restrldéd funds Total funds 2,970 4.406 15,4231 1,953 2,970 32,073 15,4231 29,620 27,667 27,667 Comparative Fund balances at 31 Juty 2022 Tangible fixed assets Current Assets Current Liabilities 604 2,001 12.0011 604 604 38,372 12.001 36,975 36.371 36.371 13 Unrestrl¢ted General ndS 2023 General Fund I Au8USt Income Expèndtture Transfers 31 Juty 36,371 17,3371 11,3671 27,667 2022 comparatlve General Fund 33,927 6,252 2.618 11,190 36.371 Purposts of General Funds GenerulFund General funds are accumulated unspent donations received without restrirtions upon thelr use, and a used for promoting and encoiJra8ing edycation in Scotland, Europe and beyond by the advancement of Schemes for the teaching and study of European and similar Scottish matters. 14 FlnancFal Commitments At 31 July 2023 the charrty had total commitments under operating leases as follows.. 31 July 2023 30 Juty 2022 Oper8ting lease 3.615 3.615 A 2 year leèse was a8reed in May 2021. In 2023 the charity moved prernises.
5cottlsh European Educatlonal Trust (SCIO) Notes to the Financial Statements {continued) for the year ending 31 July 2023 Page IS. 15 Restrlcted funds 2023 I Au8USt Income Expenditure Transfers 31 July Euroquiz Fund Our World Fund 302 302 604 39,355 29,873 69,228 141.0241 128.2221 169,2461 1,367 1,953 1,953 1,367 2022 Comparative Euioquiz Fund Our World Fund 452 1.811 2,263 44,751) 27,635 72.385 145.4301 129,8041 175,2341 530 660 1,190 302 302 604 Purposes of Restrlrted Funds The Euroquiz Fund represents funds allocated to the administration and runnin8 of the Euroquiz project for primary school pupils. The Our World Fund represents funds allocated to the Our Wodd Project lor secondary schools students, which involves lan8ua8e development and film-making workshops. Any transfers from general lunds into restricted funds represent amounts paid to the charity in donationslgrants which the Trustees have decided to transfer to cover current year project expenditure.
Scottlsh European Eduotlonal Trust ISCIOI The followlng pages do not form part of the statutory accounts
Scottish European Educatlonal Trust ISCIOI S¢hedule of Intome for the year ending 31 July 2023 2023 2022 Income Voluntary Incomè Donations and other inwme Glft ald reclaimed 12.773 2,507 13,(K)O 2,502 15.280 15,502 Invesbnent Income Interest recèived Income from charitable actlviiiès Grants for Euroquiz Buslness Sponsorship for EurgqUIZ Income for Euroquiz Grant for Our World L599 14,1)Xl 8,250 1.099 5.oc 38,OCK) I,scxJ 8usiness Sponsorship for Our Worfd Income for Our World Scottish Government Grant Income Other unrestricted income 9.635 38.CTh) 53,948 63,135 Other In¢ome Total Income 69.228 78,637
Scottlsh European Educatlonal Trust ISCIOI Schedule of Expenditure for the year ending 31 July 2023 2023 2022 Expendlture Costs of generatin8 fvnds Charitable artlvltles 5toff costs Wages and salarles Disclosure checks/staff advertlsing Employer's Nl contributions Employer's Pension contrlbutions Payroll costs 48,428 44,060 1.078 1,279 947 1,184 50,785 46,191 Projects & tjctivities costs Cost of Euroquiz lex staff tostsl Cost of Our World lex staff costsl 10.116 5,676 11,153 8,890 15.792 20,043 Premises costs Rent, rates and cleaning Insurance Office move Heat & Light 3,789 6,436 596 461 24 216 4,938 7,248 Running costs Printing, postage & stationery Telephone, web51te & computer Travelling expenses General expenses Accountancy 502 1,255 179 561 853 1,725 24 187 2,497 2.789 Finance costs Bank tharBe5 19 19 Depreciotion and Gains/L055es Depreciation 1,191 302 1,191 302 Governonce Costs Independent Examiner's fee 1,380 1,260 1,380 1,260 Total of Charitable activity expenditure 76,583 77.852 Total expendlture 76,583 77,852
Scottlsh European Educational Trust {saoi Summary of In¢orne and Expendlture for the year endlng 31 July 2023 2023 2022 Income Donations Investment Income Income from charitable adivities Other incorning resources 15,280 15.502 53.948 63,135 T¢Aal Income 69,228 78,637 Expendlturè Cgsts of generatlng funds Charllable artlvltles 176,5831 177.8521 Totsl expenditure 176.5831 177,8521 NetsUrply[defi£ltI for the year 17.3551 785