Impact Charities Limited - Charities report - 18.1

Impact Charities Limited - Charities report - 18.1

IMPACT CHARITIES LIMITED - Company Information

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IRIS Accounts Production v18.2.1.62 Other Company accounts True False Pounds 1.1.17 31.12.17 31.12.17 FY P Gomm P Gomm FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True False True False False iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064016092016-12-31064016092017-12-31064016092017-01-012017-12-31064016092015-12-31064016092016-01-012016-12-31064016092016-12-3106401609ns0:CharitableCompanyLimitedByGuarantee2017-01-012017-12-3106401609ns15:PoundSterling2017-01-012017-12-3106401609ns0:Trustee22017-01-012017-12-3106401609ns11:FRS1022017-01-012017-12-3106401609ns11:IndependentExaminationCharity2017-01-012017-12-3106401609ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-01-012017-12-3106401609ns11:FullAccounts2017-01-012017-12-3106401609ns11:CharitiesSORP2017-01-012017-12-3106401609ns16:EnglandWales2017-01-012017-12-3106401609ns11:RegisteredOffice2017-01-012017-12-3106401609ns0:Trustee12017-01-012017-12-3106401609ns0:Activity92017-01-012017-12-3106401609ns0:Activity92016-01-012016-12-3106401609ns0:Activity102017-01-012017-12-3106401609ns0:Activity102016-01-012016-12-3106401609ns10:WithinOneYear2017-12-3106401609ns10:WithinOneYear2016-12-310640160922017-01-012017-12-31
REGISTERED COMPANY NUMBER: 06401609 (England and Wales)
REGISTERED CHARITY NUMBER: 1121643
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017
FOR
IMPACT CHARITIES LIMITED
Rothman Pantall LLP
Chartered Accountants
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN
IMPACT CHARITIES LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2017










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 8

IMPACT CHARITIES LIMITED
REPORT OF THE TRUSTEES
for the year ended 31 December 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 December 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
The main objectives of the charity are to advance education in underdeveloped, developing and developed countries by
providing resources, support and training to local communities. The main aim is to better the lives of the local communities
through better education.

In the year, the main objective was to establish our training programme so it can be used in other communities regardless of
geography. The strategy for achieving this was that trip and team leaders were required to evaluate the programme prior to
and post each trip. The success is based on the consistency of trip and team leaders.

Significant activities that contributed to the achievement of the above stated objectives were three international teacher
training trips training at least fifty teachers. Evaluation forms are used to measure the progress and accomplishments both
during and between the trips.

Public benefit
The Trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance
published by the Charity Commission relating to public benefit. The charity's activities are for the public benefit as providing
better qualified teachers in underdeveloped areas, education will improve, making communities more self-reliant.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
To evaluate performance achieved against objectives set we score the teachers we train with standardised tools and monitor
class test scoring averages to evaluate progress. We use various country and government statistics to find averages that
are consistent with the communities we serve.

FINANCIAL REVIEW
Principal funding sources
Private limited companies provide funding. Each year we have an expected amount of funding and our expenditures are
kept in line with this.

Reserves policy
Reserves are retained in the event that donation targets are not met in order to provide a continuous quality of support and
benefit to the areas we serve. Emergency projects arise in the areas we serve in which case reserves need to be maintained
for such instances.

FUTURE PLANS
A key future objective is expansion without physical presence. Physically travelling to these remote areas is both costly and
time consuming. We want to train local trainers to carry on our programmes and/or hire local trainers to conduct our efforts.
This way we can expand to multiple communities simultaneously without having to travel.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee,
as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Every year the existing trustees vote on the appointment of any new Trustees. The managers are also asked to vote. The
only candidates who are elected to the position of trustee are those who are or have been directly involved in the charitable
efforts.

Organisational structure
All decisions are made by the Trustees in furtherance of the charitable aims.

Page 1
IMPACT CHARITIES LIMITED
REPORT OF THE TRUSTEES
for the year ended 31 December 2017
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Trustees perform a formal review of the charity’s risk management processes on an annual basis.
The main risk that the Trustees have identified is that of lack of funding. As the only source of funds is from Impact Teachers
Limited, a company in which Mrs J Rosati is a director, this risk is minimised whilst the company maintains profits.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06401609 (England and Wales)

Registered Charity number
1121643

Registered office
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN

Trustees
Mrs J J Rosati
P Gomm

Independent examiner
Rothman Pantall LLP
Chartered Accountants
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN

Approved by order of the board of trustees on 13 August 2018 and signed on its behalf by:



P Gomm - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
IMPACT CHARITIES LIMITED
Independent examiner's report to the trustees of Impact Charities Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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
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







Ms S Sullivan
FCA
Rothman Pantall LLP
Chartered Accountants
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


23 August 2018
Page 3
IMPACT CHARITIES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2017
31.12.17 31.12.16

Unrestricted
fund		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 87,801 50,000
Investment income 3 28 54
Total 87,829 50,054

EXPENDITURE ON
Charitable activities
Training Project 8,432 6,446
Other Projects 11,294 10,032
Other 1,912 1,711
Total 21,638 18,189
NET INCOME 66,191 31,865
RECONCILIATION OF FUNDS

Total funds brought forward 119,321 87,456
TOTAL FUNDS CARRIED FORWARD 185,512 119,321
The notes form part of these financial statements
Page 4
IMPACT CHARITIES LIMITED
BALANCE SHEET
At 31 December 2017
31.12.17 31.12.16

Unrestricted
fund		 Total
funds
Notes £    £   

CURRENT ASSETS
Debtors 6 514 504
Cash at bank and in hand 186,025 119,699
186,539 120,203

CREDITORS
Amounts falling due within one year 7 (1,027 ) (882 )

NET CURRENT ASSETS 185,512 119,321
TOTAL ASSETS LESS CURRENT LIABILITIES 185,512 119,321
NET ASSETS 185,512 119,321
FUNDS 8
Unrestricted funds 185,512 119,321
TOTAL FUNDS 185,512 119,321
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended
31 December 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 13 August 2018 and were signed on its behalf by:




P Gomm -Trustee
The notes form part of these financial statements
Page 5
IMPACT CHARITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2017
1. STATUTORY INFORMATION

Impact Charities Limited is a private charitable company, limited by guarantee, registered in England and Wales.
The company's registered number and registered office address can be found on the Report of the Trustees page.

The presentation currency of the Financial Statements is the Pound sterling (£).

2. 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.

3. INVESTMENT INCOME

31.12.17 31.12.16
£    £   
Deposit account interest 28 54

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2017 nor for the year ended
31 December 2016.

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

Page 6
IMPACT CHARITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the year ended 31 December 2017
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 50,000
Investment income 54
Total 50,054

EXPENDITURE ON
Charitable activities
Training Project 6,446
Other Projects 10,032
Other 1,711
Total 18,189
NET INCOME 31,865
RECONCILIATION OF FUNDS

Total funds brought forward 87,456
TOTAL FUNDS CARRIED FORWARD 119,321

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17 31.12.16
£    £   
Prepayments 514 504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17 31.12.16
£    £   
Accrued expenses 1,027 882

8. MOVEMENT IN FUNDS



At 1.1.17		 Net movement
in funds
At 31.12.17
£    £    £   
Unrestricted funds
General fund 119,321 66,191 185,512

TOTAL FUNDS 119,321 66,191 185,512

Page 7
IMPACT CHARITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the year ended 31 December 2017
8. MOVEMENT IN FUNDS - continued

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

Incoming
resources		 Resources
expended		 Movement in
funds
£    £    £   
Unrestricted funds
General fund 87,829 (21,638 ) 66,191

TOTAL FUNDS 87,829 (21,638 ) 66,191


Comparatives for movement in funds


At 1.1.16		 Net movement
in funds
At 31.12.16
£    £    £   

Unrestricted Funds
General fund 87,456 31,865 119,321

TOTAL FUNDS 87,456 31,865 119,321
Comparative net movement in funds, included in the above are as follows:

Incoming
resources		 Resources
expended		 Movement in
funds
£    £    £   
Unrestricted funds
General fund 50,054 (18,189 ) 31,865

TOTAL FUNDS 50,054 (18,189 ) 31,865

9. RELATED PARTY DISCLOSURES

All donations in the year were received from Impact Teachers Limited, a company in which Mrs J Rosati, a Trustee,
is a director.

Page 8