Interdoceo - Charities report - 18.1

REGISTERED COMPANY NUMBER: 09617919 (England and Wales)

REGISTERED CHARITY NUMBER: 1163436

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 JULY 2017

FOR

INTERDOCEO

INTERDOCEO

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

Page

Reference and Administrative Details

1

Report of the Trustees

2 to 7

Independent Examiner's Report

8

Statement of Financial Activities

9

Balance Sheet

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13 to 16

Reconciliation of Income and Expenditure

17

Reconciliation of Funds

18 to 19

INTERDOCEO

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 JULY 2017

TRUSTEES

X Bosch (Charity Worker)

T M Dawid (Director)

Ms E Selva Bonilla (Director) (resigned 31.12.17)

A Tintore (Director) (appointed 27.9.16) (resigned 1.9.17)

Mrs A C Munoz (Trustee) (appointed 31.10.17)

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

INDEPENDENT EXAMINER

F L Walker and Company Limited

Chartered Accountants

2 Woodside Place

Glasgow

G3 7QF

INTERDOCEO

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 JULY 2017

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 2017. 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Principal objects

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.

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 2016/2017 academic year activities

During the academic year 2016/2017, 86 Spanish schools hosted a total of 135 participants: 76 from the UK, 43 from

Ireland and 12 from other nationalities (South Africa, New Zealand, Canada, Austria, etc).

17 participants (12.6%) left the training programme before it ended for personal reasons, while 5 of them (3.7%) were

expelled due their lack of participation.

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

7. Ability to organise and encourage learning situations.

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

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

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

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

4. Planning and organisation of their own

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

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

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

6. Good performance on assigned tasks and activities.

12. 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 Report

Tutor's Report

No. of reports completed

109

111

Average Score

4.44

4.48

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.

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. The process

involves a Skype interview followed by an interview by a local freelancer. One of the trustees, Elena Selva, acts as one

of Meddeas' freelancer in London. She interviews 40 to 70 applicants a year in London on behalf of Meddeas and is

paid up to 60 EUR per interview. She does not actually make a decision as to who is successful, but simply collects

and passes the information back to Meddeas.

In addition, Meddeas is partly owned by another trustee, Tomas Dawid. Of course, if there is a potential conflict of

interest for both trustees in deciding whether to outsource responsibility to Meddeas, this conflict will be managed.

In particular and as foreseen, an additional trustee (Mr. Alvaro Tintoré) has been appointed so that 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. The slight lost this fiscal year, which

was expected, has not created any cash flow difficulties.

We have received 4% more in contributions, reducing the dependence on contributions from Linguam Foundation

from 36% to 24%, which we hope will continue this trend in the coming years.

Principal funding sources

Funding

A total of 41 non-for-profit entities (Foundations, Associations, schools and others) have funded our programmes,

raising a total of £677,812.

Of this amount, £165,363 (24.4%) 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

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: E Selva

X Bosch

T Dawid

A Tintoré

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.

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

Approved by order of the board of trustees on 23 April 2018 and signed on its behalf by:

T M Dawid - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

INTERDOCEO

Independent examiner's report to the trustees of Interdoceo ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2017.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.

the accounts do not accord with those records; or

3.

the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached

F L Walker CA

ICAS

F L Walker and Company Limited

Chartered Accountants

2 Woodside Place

Glasgow

G3 7QF

23 April 2018

INTERDOCEO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 JULY 2017

Period

1.6.15

Year Ended

to

31.7.17

31.7.16

Unrestricted fund

Total funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

683,555

658,453

Other income

2,025

709

Total

685,580

659,162

EXPENDITURE ON

Charitable activities

Educational Training and Courses

687,343

644,913

Other

7,805

5,984

Total

695,148

650,897

NET INCOME/(EXPENDITURE)

(9,568

)

8,265

RECONCILIATION OF FUNDS

Total funds brought forward

8,265

-

TOTAL FUNDS CARRIED FORWARD

(1,303

)

8,265

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

INTERDOCEO

BALANCE SHEET

AT 31 JULY 2017

31.7.17

31.7.16

Unrestricted fund

Total funds

Notes

£

£

CURRENT ASSETS

Cash at bank

38,766

33,946

CREDITORS

Amounts falling due within one year

7

(40,069

)

(25,681

)

NET CURRENT ASSETS/(LIABILITIES)

(1,303

)

8,265

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,303

)

8,265

NET ASSETS/(LIABILITIES)

(1,303

)

8,265

FUNDS

8

Unrestricted funds

(1,303

)

8,265

TOTAL FUNDS

(1,303

)

8,265

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended

31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)

ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the

special provisions of Part 15 of the Companies Act 2006 relating to

charitable small companies.

The financial statements were approved by the Board of Trustees on 23 April 2018 and were signed on its behalf by:

T M Dawid -Trustee

INTERDOCEO

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2017

Period

1.6.15

Year Ended

to

31.7.17

31.7.16

Notes

£

£

Cash flows from operating activities:

Cash generated from operations

1

4,820

33,946

Net cash provided by (used in) operating activities

4,820

33,946

Change in cash and cash equivalents in the reporting period

4,820

33,946

Cash and cash equivalents at the beginning of the reporting period

33,946

-

Cash and cash equivalents at the end of the reporting period

38,766

33,946

INTERDOCEO

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2017

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

Period

1.6.15

Year Ended

to

31.7.17

31.7.16

£

£

Net income/(expenditure) for the reporting period (as per the statement of financial activities)

(9,568

)

8,265

Adjustments for:

Increase in creditors

14,388

25,681

Net cash provided by (used in) operating activities

4,820

33,946

INTERDOCEO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

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 2015)',

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.

2.	DONATIONS AND LEGACIES

Period

1.6.15

Year Ended

to

31.7.17

31.7.16

£

£

Donations

677,812

657,733

Other Income

5,743

720

683,555

658,453

3.	GRANTS PAYABLE

Period

1.6.15

Year Ended

to

31.7.17

31.7.16

£

£

Educational Training and Courses

607,562

564,074

4.	SUPPORT COSTS

Finance

Governance costs

Totals

£

£

£

Other resources expended

167

7,638

7,805

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2017 nor for the period ended

31 July 2016.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2017 nor for the period ended 31 July 2016.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

658,453

Other income

709

Total

659,162

EXPENDITURE ON

Charitable activities

Educational Training and Courses

644,913

Other

5,984

Total

650,897

NET INCOME/(EXPENDITURE)

8,265

RECONCILIATION OF FUNDS

Total funds brought forward

-

TOTAL FUNDS CARRIED FORWARD

8,265

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other creditors

37,248

23,762

Accrued expenses

2,821

1,919

40,069

25,681

8.	MOVEMENT IN FUNDS

At 1.8.16

Net movement in funds

At 31.7.17

£

£

£

Unrestricted funds

General fund

8,265

(9,568

)

(1,303

)

TOTAL FUNDS

8,265

(9,568

)

(1,303

)

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

685,580

(695,148

)

(9,568

)

TOTAL FUNDS

685,580

(695,148

)

(9,568

)

Comparatives for movement in funds

At 1.6.15

Net movement in funds

At 31.7.16

£

£

£

Unrestricted Funds

General fund

-

8,265

8,265

TOTAL FUNDS

-

8,265

8,265

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

659,162

(650,897

)

8,265

TOTAL FUNDS

659,162

(650,897

)

8,265

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2017.

INTERDOCEO

RECONCILIATION OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED 1 JUNE 2015 TO 31 JULY 2016

UK GAAP

Effect of transition to FRS 102

FRS 102

Notes

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

658,453

-

658,453

Other income

709

-

709

Total

659,162

-

659,162

EXPENDITURE ON

Charitable activities

644,913

-

644,913

OBSOLETE Governance costs

5,984

(5,984

)

-

Other

-

5,984

5,984

Total

650,897

-

650,897

NET INCOME/(EXPENDITURE)

8,265

-

8,265

INTERDOCEO

RECONCILIATION OF FUNDS

AT 1 JUNE 2015

(DATE OF TRANSITION TO FRS 102)

UK GAAP

Effect of transition to FRS 102

FRS 102

Notes

£

£

£

-

-

-

TOTAL ASSETS LESS CURRENT LIABILITIES

-

-

-

-

-

-

FUNDS

TOTAL FUNDS

-

-

-

INTERDOCEO

RECONCILIATION OF FUNDS

AT 31 JULY 2016

UK GAAP

Effect of transition to FRS 102

FRS 102

Notes

£

£

£

CURRENT ASSETS

Cash at bank

33,946

-

33,946

CREDITORS

Amounts falling due within one year

(25,681

)

-

(25,681

)

NET CURRENT ASSETS/(LIABILITIES)

8,265

-

8,265

TOTAL ASSETS LESS CURRENT LIABILITIES

8,265

-

8,265

NET ASSETS/(LIABILITIES)

8,265

-

8,265

FUNDS

Unrestricted funds

8,265

-

8,265

TOTAL FUNDS

8,265

-

8,265