Interdoceo - Charities report - 21.1

REGISTERED COMPANY NUMBER: 09617919 (England and Wales)

REGISTERED CHARITY NUMBER: 1163436

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

INTERDOCEO

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

7

Report of the Independent Auditors

8

to

9

Statement of Financial Activities

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

to

18

TRUSTEES

X Bosch Charity Worker

T M Dawid Director

Mrs A C Munoz Trustee

REGISTERED OFFICE

1 Princeton Mews

167 - 169 London Road

Kingston Upon Thames

Surrey

KT2 6PT

REGISTERED COMPANY NUMBER

09617919 (England and Wales)

REGISTERED CHARITY NUMBER

1163436

AUDITORS

F L Walker and Company Limited

Chartered Accountants and Registered Auditors

2 Woodside Place

Glasgow

G3 7QF

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objects of Interdoceo are:

a) the advancement of the education of the public in languages, literature, cultures, histories and people in the world including in particular, but not exclusively, by the provision of grants and scholarships to enable individuals to learn other languages and to become language teachers; and

b) the prevention or relief of poverty anywhere in the world in particular, but not exclusively, by the provision of grants to organisations working to prevent or relieve poverty.

STRATEGIC REPORT

Achievement and performance

Charitable activities

How our activities deliver public benefit

Interdoceo exists to promote multiculturalism and to encourage mutual understanding of languages to achieve a respectful coexistence. The charity promotes language learning and development mainly by providing support to individuals to undertake internship programmes with the objective of training to become a foreign language teacher.

The grants are potentially available to any member of the public who wishes to train to become a foreign language teacher. As such, there is a direct benefit being provided to the public in the support they can receive. There is also an indirect benefit to the public in having more qualified language teachers available to teach foreign languages.

The nature of the work that Interdoceo does means that certain individuals will receive financial support to enable them to become foreign language teachers. However, the support that they receive is incidental to the charity's purpose of advancing education in foreign languages and ensuring that there are a sufficient number of adequately qualified teachers available.

In addition, the donations that the charity could make to other charities established for the relief of poverty (which is a fundamental charitable purpose) would benefit the public.

Criteria followed to select individuals or organisations to receive grants

Interdoceo intends to support students interested in pursuing a career in teaching foreign languages and individuals applying must meet the following criteria:

- be aged 18 or over and have keen interest in language teaching.

- have English, French or German as a first language, or have completed secondary education in any of these languages.

- undergraduate degree or alternative official diploma earned in the four years previous to the start of the grant.

The allocation is conducted on a first-come first-served basis.

In respect of poverty relief grants, Interdoceo will analyse any received requests and will decide periodically which requests it will support, depending on their expected impact and the funds available, if any.

Training programmes' content

Accepted candidates receive a full-time scholarship that includes:

- A foreign language teacher training certified course delivered by the University International de Catalunya: Expert in Bilingual Education, Advanced Methodologies for English Teachers or Teaching English as a Foreign Language.

- A 4 to 9 month practical training in a Spanish school under the supervision of a school teacher, as language assistant.

- Health Insurance under the Spanish public health system.

- Financial support during the training programme.

Staff

As Interdoceo is mainly a grant-making charity, there is no need to hire staff at the moment.

Review of 2019/2020 academic year activities

During the academic year 2019/20, 132 Spanish schools hosted a total of 190 participants: 109 from the UK, 32 from Ireland and 49 from other nationalities (South Africa, Australia, Canada, Austria, etc).

15 participants (7.89%) left the training programme before it ended for personal reasons, while 9 of them (4.73%) were expelled due their lack of participation. 83 of them had their placements cancelled between March and April due to the COVID19 pandemic

Feedback

Participants are requested to send a report at the end of the program, and the tutor is also required to report on the individual. Both reports indicate the impact of the programme in the participant.

Tutor´s reports

Each tutor evaluates from 1 (poor) to 5 (excellent) the participant's evolution of 12 different aspects during the training period:

1 . Ability to adapt to a professional environment and to work with a team

.8. Good performance on assigned tasks and activities.

2. Observance of the school's rules and compliance with the ethical code of conduct of the education sector

9. Ability to organise and encourage learning situations.

3. Professional relationships with colleagues and the school's administration.

10. Ability to maintain the discipline and keep the students' attention.

4. Professional relationships with colleagues and the school's administration.

11. Ability to express themselves correctly in their mother tongue.

5. Planning and organisation of their own

12. Adaptation of their teaching style to the age of their students. Use of the most appropriate tools and teaching methods in each situation.

6. Good performance on assigned tasks and activities

13. Ability to get students involved in their own learning.

7. Ability to build a good rapport with his/her students in an educational manner.

14. Acceptance of constructive criticism and advice to improve that is offered to them.

Participant's report

As part of their report, participants evaluate from 1 (poor) to 5 (excellent) 10 different aspects of the training programme:

Questions

1. Has the online training which you received during your internship been useful in successfully completing your teaching tasks?

2. Has the centre respected the conditions of the role of the Language Assistant?

3. Were you able to successfully communicate with your colleagues in the school: teachers, tutors, etc.?

4. Did you receive proper support from the tutor and from the school when you needed assistance?

5. Rate your relationship with other members of staff.

6. Have you been able to maintain a good relationship with the students?

7. Have you been able to adapt your teaching style/methods to the ages and needs of the students?

8. Have you been able to maintain a reasonable level of discipline?

9. Have you been comfortable at the school?

10. General evaluation of you participation in this programme.

The average evaluation scores are as follows:

Participant's ReportTutor's Report

No. of reports completed 168 72

Average Score 4.18 4.63

We are very pleased to see that both reports are between 4 and 5, which clearly shows the positive impact of the programme in participants.

COVID-19

Immediate response - As COVID hit before the end of this financial year a COVID contingency plan was requested as the crisis related to the pandemic hit the UK in early March. It was agreed at that point board meetings will be held remotely for the foreseeable future using digital technology. Straight away we began communication and engagement with our service users remotely through online, digital and phone.

Effect on finances - At July 2020 we had most of our income secured and we are in the fortunate position that our finances have not been adversely affected by the crisis.

Governance and management of conflicts of interest

Interdoceo outsources responsibility for obtaining information on applicants to a separate company called Meddeas. Meddeas is paid by the schools who agree to host the successful applicants, and not by Interdoceo.

Meddeas is partly owned by a trustee, Tomas Dawid. Of course, if there is a potential conflict of interest in deciding whether to outsource responsibility to Meddeas, this conflict will be managed and there is a quorum of trustees independent from Meddeas to make the decision.

We reiterate that there is no direct payment of money from Interdoceo to Meddeas or from Interdoceo to the trustees.

Financial review

Financial position

We continue along the same lines having a balanced budget in which expenses don't exceed revenues. The entire available budget is used to fund our programs, but avoiding all financial risks.

Principal funding sources

Funding

A total of 106 non-for-profit entities (Foundations, Associations, schools and others) have funded our programmes, raising a total of £1,071,144. (3.07% less than the previous academic year).

5.6% of this amount has been given by Linguam Foundation, to cover the gap between raised funds and grant awarding. Linguam Foundation intends to follow this policy until Interdoceo becomes economically independent.

The income of Interdoceo, from whatever source derived, is, and will be, applied solely towards the promotion of its objects. No portion thereof is paid or transferred directly or indirectly by way of dividend, bonus or otherwise by way of profit to the member or trustees of Interdoceo.

Reserves policy

Given Interdoceo's social purpose and policy, the creation of long-term investments or reserves is not expected.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Interdoceo is a company governed by its Memorandum and Articles of Association dated 2 June 2015. It is registered as a charity with the Charity Commission (UK).

The Trustees

The Trustees as Charity Trustees have control of the Charity and its property and funds. The first Trustees shall be the subscribers to the Memorandum. Subsequent Trustees shall be appointed, and may be removed, by the Member at any time. The minimum number of Trustees shall be Three but there shall be no maximum number of Trustees that may be appointed.

Elected Trustees:

X Bosch

T Dawid

A C Munoz

Elected Chairman: T Dawid

Proceedings of trustees

The Trustees must hold at least two meetings each year. The Chairperson may at any time, and two Trustees jointly may at any time, call a meeting of the Trustees.

Notice of every meeting shall be sent to each Trustee, specifying the place, day and hour of the meeting and the business to be discussed. A quorum at a meeting of the Trustees is two or fifty per cent of the total number of trustees whichever is the greater, excluding any Conflicted Trustee who has not been authorised to participate in discussions or a vote under Article 5.7 (Articles Interdoceo). A meeting of the Trustees may be held either in person or by suitable Electronic Means agreed by the Trustees in which all participants may communicate with all the other participants simultaneously. The Chairperson or some other Trustee chosen by the Trustees present presides at each meeting. Every issue may be determined by a simple majority of the votes cast at a meeting. Except for the chairperson of the meeting, who has a second or casting vote, every Trustee has one vote on each issue.

issue.

Powers of Trustees

The Trustees have the following powers in the administration of the Charity in their capacity as Trustees:

To appoint (and remove) a Chairperson, Secretary, treasurer and other honorary officers from among their number on such terms as they shall think fit;

To invite observers to attend meetings of the Trustees, and to pay their reasonable expenses out of the Charity's funds. For the avoidance of doubt, such observers are not Trustees and shall not count towards the quorum for a meeting;

To delegate any of their functions to committees consisting of two or more individuals appointed by them. The Trustee may:

Impose conditions when delegating.

Revoke or alter a delegation.

To delegate the day-to-day management of the affairs of the Charity in accordance with the directions of the Trustees to any person;

To make standing orders consistent with Interdoceo's Articles and the Act to govern proceedings at general meetings;

To make such reasonable and proper rules or bye laws as they may deem necessary or expedient for the proper conduct and management of the Charity provided;

To establish procedures to assist the resolution of disputes within the Charity; and To exercise any powers of the Charity which are not reserved to the Member

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Interdoceo for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which 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 those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	state whether applicable 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 charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, F L Walker and Company Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 18 February 2021 and signed on the board's behalf by:

T M Dawid - Trustee

Opinion

We have audited the financial statements of Interdoceo (the 'charitable company') for the year ended 31 July 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 July 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

-	the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Francis L Walker (Senior Statutory Auditor)

for and on behalf of F L Walker and Company Limited

Chartered Accountants and Registered Auditors

2 Woodside Place

Glasgow

G3 7QF

18 February 2021

31.7.20

31.7.19

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,071,144

1,105,063

Other income

630

(768

)

Total

1,071,774

1,104,295

EXPENDITURE ON

Charitable activities

3

Educational Training and Courses

1,045,834

1,079,597

Other

11,963

7,246

Total

1,057,797

1,086,843

NET INCOME

13,977

17,452

RECONCILIATION OF FUNDS

Total funds brought forward

14,305

(3,147

)

TOTAL FUNDS CARRIED FORWARD

28,282

14,305

31.7.20

31.7.19

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

37,919

29,389

CREDITORS

Amounts falling due within one year

8

(9,637

)

(15,084

)

NET CURRENT ASSETS

28,282

14,305

TOTAL ASSETS LESS CURRENT LIABILITIES

28,282

14,305

NET ASSETS

28,282

14,305

FUNDS

9

Unrestricted funds

28,282

14,305

TOTAL FUNDS

28,282

14,305

The financial statements were approved by the Board of Trustees and authorised for issue on 18 February 2021 and were signed on its behalf by:

T M Dawid - Trustee

Cash flows from operating activities

Cash generated from operations

1

8,530

(7,071

)

Net cash provided by/(used in) operating activities

8,530

(7,071

)

Change in cash and cash equivalents in the reporting period

8,530

(7,071

)

Cash and cash equivalents at the beginning of the reporting period

29,389

36,460

Cash and cash equivalents at the end of the reporting period

37,919

29,389

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.7.20

31.7.19

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

13,977

17,452

Adjustments for:

Decrease in creditors

(5,447

)

(24,523

)

Net cash provided by/(used in) operations

8,530

(7,071

)

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.8.19

Cash flow

At 31.7.20

£

£

£

Net cash

Cash at bank

29,389

8,530

37,919

29,389

8,530

37,919

Total

29,389

8,530

37,919

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recongnised at transaction value and subsequently measured at their settlement value.

2.	DONATIONS AND LEGACIES

31.7.20

31.7.19

£

£

Donations

1,071,144

1,105,063

3.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Direct

(see note

Costs

4)

Totals

£

£

£

Educational Training and Courses

128,158

917,676

1,045,834

4.	GRANTS PAYABLE

31.7.20

31.7.19

£

£

Educational Training and Courses

917,676

967,328

5.	SUPPORT COSTS

Governance

costs

£

Other resources expended

11,963

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,105,063

Other income

(768

)

Total

1,104,295

EXPENDITURE ON

Charitable activities

Educational Training and Courses

1,079,597

Other

7,246

Total

1,086,843

NET INCOME

17,452

RECONCILIATION OF FUNDS

Total funds brought forward

(3,147

)

TOTAL FUNDS CARRIED FORWARD

14,305

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Other creditors

5,977

11,425

Accrued expenses

3,660

3,659

9,637

15,084

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.8.19

in funds

31.7.20

£

£

£

Unrestricted funds

General fund

14,305

13,977

28,282

TOTAL FUNDS

14,305

13,977

28,282

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,071,774

(1,057,797

)

13,977

TOTAL FUNDS

1,071,774

(1,057,797

)

13,977

Comparatives for movement in funds

Net

movement

At

At 1.8.18

in funds

31.7.19

£

£

£

Unrestricted funds

General fund

(3,147

)

17,452

14,305

TOTAL FUNDS

(3,147

)

17,452

14,305

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,104,295

(1,086,843

)

17,452

TOTAL FUNDS

1,104,295

(1,086,843

)

17,452

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.8.18

in funds

31.7.20

£

£

£

Unrestricted funds

General fund

(3,147

)

31,429

28,282

TOTAL FUNDS

(3,147

)

31,429

28,282

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,176,069

(2,144,640

)

31,429

TOTAL FUNDS

2,176,069

(2,144,640

)

31,429

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2020.