Charity registration number 1098422
Company registration number 04797376 (England and Wales)
PESTALOZZI INTERNATIONAL FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
PESTALOZZI INTERNATIONAL FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr David Little (Company Secretary)
Ms Linda Blank (Vice Chair)
Mr Aaron Eckhoff (Chair)
Mr Pradeep Subedi
Mr Mark Stanton
Secretary
Mr David Little
Charity number
1098422
Company number
04797376
Registered office
F8 Worth Corner Business Centre
Turners Hill Road
Crawley
RH10 7SL
Independent examiner
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
PESTALOZZI INTERNATIONAL FOUNDATION
CONTENTS
Page
Trustees' report
1 - 6
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Notes to the financial statements
10 - 16
PESTALOZZI INTERNATIONAL FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024

The trustees present their annual report and financial statements for the period ended 13 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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).

 

Merger announcement

We are pleased to announce that, effective 13 September 2024, Pestalozzi International Foundation (PIF) merged with Pestalozzi World Children’s Trust (PW). PIF's assets have transferred to PW and the newly unified organisation will support PW’s existing programmes operating under the name Pestalozzi International.

 

Since 1995, PW has supported over 37,000 children in Zambia, Nepal, and India, with a particular focus on refugee communities and gender equality.

 

The merger represents a strategic decision to amplify our collective impact. By unifying resources and expertise, Pestalozzi International will be better positioned to provide holistic education and essential vocational skills to the brightest children from the most disadvantaged backgrounds globally.

 

Pestalozzi International will be the only international NGO in the World implementing a modern interpretation of Pestalozzian principles in the Global South, rooted in local cultures and relevant to their societies. Together we will honour the Swiss and UK Pestalozzian legacy.

Objectives and activities
Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

 

Objectives

PIF promotes the educational philosophy of Johann Heinrich Pestalozzi (1746 - 1827), of which the principal component is the concept of a balanced programme of education 'for the head, heart and hands'.

PIF awards scholarships and educational opportunities to exceptional 16–19-year-olds who are academically bright, but have limited educational prospects. All these young people have demonstrated their enthusiasm for helping to make a difference in their communities and the wider world.

 

From 1997 until 2019 PIF students spent the two years of their scholarship residing in a multicultural, multi-faith community in East Sussex, UK. From the academic year 2019/20 to 2024/25 Pestalozzi scholars have been studying the International Baccalaureate as residential students at UWC Atlantic, South Wales and since 2022 at UWC Mostar, Bosnia and Herzegovina. The colleges are part of the United World Colleges International (UWCI) network. UWCI embraces a very wide range of nationalities within its student body helping them to understand and embrace their differences, breaking down cultural and religious barriers.

 

Since 2023, PIF has partnered with Samaanta Foundation in Nepal to provide scholarships to Secondary Education Examination graduates from poor socio-economic backgrounds, enabling them to complete a 2-year +2 programme. In Zambia, PIF partnered with Chipembele Wildlife Education Trust to employ a Zambian educator, whose primary focus is to support the students participating in the Aspiring Conservation Leaders (ACL) programme. Both programmes are reviewed regularly to evaluate their impact.


A PIF scholarship gives young people an opportunity they would not otherwise receive – the chance to develop their potential and make a real and lasting difference in the world. To facilitate this, in 2019 PIF’s trustees inaugurated the Pestalozzi Development Fund with the intention to provide seed funding to enable Pestalozzi alumni to set up their own projects or social enterprises. The trustees undertake a rigorous review of every application and award grants to those projects that they believe will deliver the real and lasting differences in the communities that Pestalozzi alumni serve.

 

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PESTALOZZI INTERNATIONAL FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
Achievements and performance

 

UWC Updates and Successes

2023 – 2024 saw our fourth cohort graduate from UWC Atlantic with excellent outcomes achieved by each of the students. All the students gained higher education placements in the US:

 

Given    College of the Atlantic, Maine

Tenzin    Macalester College, Minnesota

Sayra    Lake Forest, Illinois

Tashia    Oberlin College, Ohio

Jugani    St. Olaf, Minnesota

 

2024 also saw the graduation of the first 3 Pestalozzi-UWC Scholars from UWC Mostar, Bosnia and Herzegovina. They too gained scholarships to continue their higher education in the US:

 

Garang    St. Olaf College, Minnesota

Desang    Lake Forest, Illinois

Pringgo    Lewis and Clark College, Oregon

 

We are extremely proud of the students and their achievements and look forward to following the next chapter of their educational journey.

 

PIF-UWC scholar, Aman, from Nepal, made possible through the Dare to Dream matching programme and UWC Atlantic, will conclude his studies in 2025. He is one of the students participating in the pilot Systems Transformations Programme at UWC Atlantic. Aman was also selected to attend the Villiers Symposium in Switzerland and the Yale Young Global Scholars Programme, US in the summer of 2024.

 

Aman and a fellow student received a $2,000 grant from the Go Make a Difference Fund for their H2Ope for Kachorwa project. They plan to install 4 vital hand pumps to benefit the 580-strong Kachorwa village community in Nepal.  

Chipembele Wildlife Education Trust, Zambia

Chipembele Wildlife Education Trust is focused on the advancement of the education of children and young people in the conservation and preservation of the environment and its wildlife. PIF have provided an annual donation of £10,000 a year for 2 years to support CWET’s ongoing work in Zambia. The donation has been used to employ a Zambian educator, whose primary focus will be to support the students participating in the Aspiring Conservation Leaders (ACL) programme.

Samaanta Foundation, Nepal

Samaanta Foundation is a Nepal-based not for profit organisation that promotes equality and empowerment by providing higher education opportunities to meritorious Secondary Education Examination graduates from poor socio-economic backgrounds. The Foundation provides comprehensive fellowships to cover educational costs and helps create an enabling environment for their advancement. PIF has provided a donation of £15,000 (2023: £5,000) to support Samaanta Foundation’s ongoing work in Nepal. The donation has been used to support six fellows to complete a 2-year +2 programme.

Pestalozzi Development Fund Grants (PDF)

PIF continues to support alumni with seed funding via the PDF, scaling back to fund one project per year. The board scrutinises the longevity and sustainability of projects to ensure that the projects have a chance to either grow or sustain. Projects have in the main been successful; however, a few have encountered challenges. We remain keen on supporting projects that address the Sustainable Development Goals.

 

This year’s grant, amounting to £5,000, was made to the Oneureka Foundation, founded by alum Pravin (’11) will use the grant to expand its activities. This exciting initiative aims to transform the lives of rural students through skill-building and educational development workshops. The programme will empower first-generation learners in India to access higher education opportunities, ensure successful career transitions, and foster leadership development and academic excellence.

 

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PESTALOZZI INTERNATIONAL FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024

Achievements and performance

PIF provided scholarships for 5 students (2022-2024 from Belize, India, Tibet, Zambia, and Zimbabwe) to attend UWC Atlantic and 3 at UWC Mostar (Bhutan, Indonesia, Uganda – Sudanese refugee). All have completed their IB Diploma courses and secured full scholarships to continue their higher education in the US. College destinations include Lake Forest, St. Olaf, Macalester College, Oberlin, College of the Atlantic and Lewis and Clark.

 

The 6 students supported through the Samaanta Foundation partnership have completed the first year of their studies. In Zambia, the Youth Leadership Coordinator at CWET has supported 6 young people to successfully complete the Aspiring Conservation Leaders programme in November 2023. After a review of the programme structure and content, a new cohort of 12 has been selected and will pursue the ACL programme during 2024.

 

Regular reports and updates are received from alumni, via social media, thus helping the Trustees measure and monitor the outcomes of the scholarship programme and its impact on society. Measuring impact continues to be an important aspect of our work and demonstrates how our alumni are making a difference in the world. The ongoing contact with alumni has resulted in further applications to the Pestalozzi Development Fund and success stories for the Pestalozzi Newsletter and social media channels.

 

Pestalozzi alumni continue to secure undergraduate places at universities around the world as well as funding to study for Masters degrees and PhDs at institutions including London Metropolitan University, John Glenn College of Public Affairs at Ohio State University, University of Notre Dame (Australia), University College London, John Hopkins Bloomberg School of Public Health, and Memorial University Newfoundland.

 

Volunteers and fundraising

The trustees would like to record their thanks to the volunteers who have been able to support the charity. Furthermore, the trustees remain grateful for the ongoing support of all who provide PIF with much-needed funding in what continues to be a challenging time for many organisations.

 

The trustees are extremely grateful to trusts, foundations, regular givers, and alumni, along with trustees and staff for all their support during the year.

 

The trustees seek to ensure that all fundraising activities by PIF are undertaken with integrity and in a highly professional manner. PIF does not engage external professional fundraisers or commercial participators.

PIF’s focus is on providing its supporters and stakeholders with information about the students and alumni via regular newsletters, social media, and occasionally undertaking speaking engagements to groups. PIF seeks to develop new contacts as well as maintaining good relationships with existing supporters.

When individuals or groups raise funds for PIF, we seek to instil in these individuals and groups, standards of fundraising equivalent to those applied to its own campaigns. PIF strives to adhere to recognised fundraising standards as set by the government and related bodies, in particular The Charities (Protection and Social Investment) Act 2016.

PIF does not indulge in, nor tolerate, aggressive campaigning. Furthermore, to protect vulnerable people and other members of the public we do not share database information. We are pleased to report that no complaints about our fundraising have been notified to the trustees during the year.

Financial review

Total income for the period amounted to £169,729 (2023: £187,792) and included £71,598 (2023: £112,653) received from legacies. There were total outgoings of £268,394 (2023: £676,127). A total of £261,554 (2023: £665,973) was expended on the student programme, representing 97% (2023: 98%) of expenditure. Net resources for the year showed a deficit of £98,665 (2023: £488,335).

 

On 13 September 2024, net assets amounting to £1,027,359 were distributed to the new unified entity, Pestalozzi International.

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PESTALOZZI INTERNATIONAL FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
Going concern

Following the merger with PW on 13 September 2024, and the distribution of all of the net assets of the charity to the new unified entity, Pestalozzi International, the trustees have resolved to wind up the charity. This is expected to happen within 12 months of the expected date of sign-off.

 

The accounts have therefore been prepared on a basis other than that of a going concern.

Reserves policy

The trustees have long recognised the need to hold reserves sufficient to ensure that the costs of each two-year scholarship or partnership commitment are fully covered. Changes to the scholarship programme ensure that student numbers can be flexed up or down to match resources.

 

Prior to the distribution of net assets to the new unified entity, Pestalozzi International, the charity held free reserves of £1,027,359. As at 13 September 2024, the charity has no reserves (31 August 2023: £1,126,024).

Investment policy

The liquid assets of PIF held prior to the merger comprised cash held in bank current and deposit accounts to meet the charity's short- and medium-term needs. Generally, the trustees adopt a low-risk investment strategy.

 

Risk

With most of the income derived from voluntary contributions, funding remained the principal challenge facing PIF during the period. In 2019 the estate in Sedlescombe was sold and PIF entered into an agreement with UWCI to provide fully funded scholarships for students meeting PIF’s selection criteria. The new scholarship programme requires a smaller team encompassing fundraising, marketing, alumni liaison, and student selection with some administrative support. The staff complement was a headcount of 3 people in 2024 (3 in 2023) delivering approximately 2 for the majority of 2024 (2 in 2023) full time equivalent hours.

The Board of Trustees were responsible for all matters that had previously been delegated to subcommittees. A risk register noted potential areas of risk and their severity. A rolling programme of review was undertaken by the staff and the Trustees and systems, and procedures were established to manage identified risks.

 

Pay policy for senior staff

PIF has sought to ensure that its remuneration policy and practices are compatible with effective risk management. This has been done done by embedding the following principles into its Pay Policy:

 

 

This policy aims to attract and retain people with the right mix of skills and experience who share the charity’s values and are prepared to work together as a team. To put this policy into practice, appropriate levels of remuneration must be considered. The Trustees benchmark the pay of senior staff taking account of the nature and location of the charity's work.

The trustees maintained oversight and control over all staff salaries to ensure pay levels remain fair and reasonable. Full time staff received 36 days annual leave per calendar year, which included public holidays. This was adjusted pro rata as required for part time personnel and joiners/leavers. Staff were invited to join the organisation’s auto enrolment pension scheme when reaching the eligibility criteria.

The trustees approve and review annually the general principles of the remuneration policy. Salaries are reviewed annually, but must be affordable given the financial performance of the charity.

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PESTALOZZI INTERNATIONAL FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
Structure, governance and management

Constitution

Pestalozzi International Village Trust (PIVT) was constituted and incorporated in England and Wales on 12 June 2003 and on 1 September 2003 took over the activities, assets, and liabilities of the Pestalozzi Children's Village Trust (PCVT), which had been formed under a Trust Deed dated 30 November 1957. In April of 2019, following the sale of the Pestalozzi Village, the charity registered a change of name to Pestalozzi International Foundation (PIF) to reflect the nature of its operations more accurately. PIF is both a registered charity (1098422) and a limited company (04797376).

The trustees, who are also the directors for the purpose of company law, and who served during the period and up to the date of signature of the financial statements were:

 

Mr David Little (Company Secretary)
Ms Linda Blank (Vice Chair)
Mr Aaron Eckhoff (Chair)
Mr Pradeep Subedi
Mr Mark Stanton
Recruitment and appointment of trustees

A minimum of four meetings of the Board of Trustees are held during the year. Additional meetings are scheduled as required.

 

The skills, interests and expertise of the Trustees are reviewed regularly, and any skills gaps are addressed through training and recruitment. The Board reviews applications for membership to the Board of Trustees. It considers the skill sets required for the sound governance of the charity and succession planning within the Board of Trustees. Each Trustee shall retire from the third annual general meeting following the commencement of his or her term of office. Trustees must step down from the Board when they have served for three consecutive three-year terms.

There is a formal induction and training programme for Trustees, and a regular review of governance procedures. All Trustees are made aware of relevant governance documentation and are provided with training opportunities as required.

Organisational structure

The Trustees, who have overall responsibility for the charity, delegated the day-to-day operational management of PIF to the senior staff member i.e., the Chief Executive Officer for strategic planning and the Student Scholarship, Alumni Liaison and Development Fund Manager for Student Programme related matters. The Office Manager is responsible for administrative matters.

 

Restructuring has continued this year, with the selling or disposal of assets that are no longer needed by the organisation. From 16 April 2024 the organisation moved to a virtual office arrangement, with the last remaining member of staff moving to remote working.

 

The digitisation of historical documents is almost complete, with a few historical documents. It is hoped that these can be placed at The Keep, Lewes, where other documents are already held. Everyday spending has been reduced as far as possible whilst remaining compliant. The Office Manager, Lesley, left the charity on 13 June. A replacement has not been recruited.

 

Staffing

As Chief Executive Officer (part-time), Eddie West-Burnham continued to focus the future direction of the charity. Mags Alexander (SS, AL and DF Manager) continued to be responsible for the charity's marketing as well as other duties required to support the daily operations of the charity. Both employees have transferred to Pestalozzi International.

 

Lesley Russell-Dean, Office Manager (part-time) resigned from her post with effect from 13 June 2024 to pursue a career in surveying. We thank Lesley for her dedication and support during her second term with the charity. Joanna Mozley, Finance Officer (part-time) left the organisation on 13 September 2024.

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PESTALOZZI INTERNATIONAL FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024

Nigel Ford has continued to provide support as the IT and Database volunteer when required, for which we are incredibly grateful.

 

In April 2024, Mark Stanton was re-elected to the Board of Trustees.

 

Associated organisations

The Trustees are indebted to the organisations and individuals who have supported PIF with the delivery of its aims and objectives, particularly UWCI for facilitating the implementation of the scholarship programme, as well as Samaanta Foundation and Chipembele Wildlife Education Trust for their partnership.        

 

The Trustees are especially appreciative of the generous support of PIF's Patron, HRH The Duke of Gloucester KG GCVO and for the active and informed interest that he and the Duchess continue to take in the work and development of PIF.

 

Future Plans

No further students have been selected to attend UWC colleges with the last student intake graduating in 2025. While the partnership with UWCI has provided access to a world-class education and a transformational experience for the Pestalozzi-UWC Scholars, the cost of this opportunity per student was deemed to be very high and would be difficult to sustain without a significant increase in charitable income.

 

The merger with Pestalozzi World Children’s Trust brings four important strategic advantages

 

Pestalozzi International will honour and preserve the legacy of both PW and PIF. PIF, established in 1957, operated the renowned Pestalozzi Children’s / International Village in Sedlescombe, Sussex until 2019. This offered scholarships in the UK to children from the Global South, and subsequently at United World Colleges in Europe and the UK. Since 1995, PW has supported over 37,000 children in Zambia, Nepal, and India, with a particular focus on refugee communities and gender equality.

 

The merger is underpinned by a rich history of collaboration and cooperation as PIF alumni have been instrumental in shaping PW’s initiatives across Asia, exemplifying the altruistic spirit that defines children raised in the Pestalozzian ethos.

The trustees' report was approved by the Board of Trustees.

Mr Aaron Eckhoff (Chair)
8 March 2025
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PESTALOZZI INTERNATIONAL FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PESTALOZZI INTERNATIONAL FOUNDATION

I report to the trustees on my examination of the financial statements of Pestalozzi International Foundation (the charity) for the period ended 13 September 2024.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

1

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

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

Kristina Perry FCCA
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
Dated: 11 March 2025
- 7 -
PESTALOZZI INTERNATIONAL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
3
146,898
173,635
Fundraising
4
5,775
7,804
Investments
5
17,056
6,353
Total income
169,729
187,792
Expenditure on:
Raising funds
6
6,840
10,154
Charitable activities
8
261,554
665,973
Distribution of net assets
11
1,027,359
-
Total expenditure
1,295,753
676,127
Net expenditure and movement in funds
(1,126,024)
(488,335)
Reconciliation of funds:
Fund balances at 1 September 2023
1,126,024
1,614,359
Fund balances at 13 September 2024
-
1,126,024

The statement of financial activities includes all gains and losses recognised in the period. On 13 September 2024, the charity merged with another charity, with net assets distributed to the new merged entity at the date of the merger. Pestalozzi International Foundation will be dissolved within 12 months of the expected date of approval of the financial statements, therefore all activities are discontinued.

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PESTALOZZI INTERNATIONAL FOUNDATION
BALANCE SHEET
AS AT
13 SEPTEMBER 2024
13 September 2024
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
-
1
Current assets
Cash at bank and in hand
-
1,239,592
Creditors: amounts falling due within one year
14
-
113,569
Net current assets
-
1,126,023
Total assets less current liabilities
-
1,126,024
The funds of the charity
Unrestricted funds
-
1,126,024
-
0
1,126,024

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 13 September 2024.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 8 March 2025
Mr Aaron Eckhoff (Chair)
Trustee
Company registration number 04797376 (England and Wales)
- 9 -
PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
1
Accounting policies
Charity information

Pestalozzi International Foundation is a company, limited by guarantee, with a company registration number of 04797376, which is incorporated in England and Wales.

 

The charity's registered office is F8 Worth Corner Business Centre, Turners Hill Road, Crawley, RH10 7SL.

 

The charitable activities of the charity is to promote the educational philosophy of Johann Heinrich Pestalozzi, by awarding scholarships to exceptional 16-19 year olds who are academically gifted by have limited educational prospects in their home countries.

1.1
Reporting period

The financial statements have been prepared for the 379-day period to 13 September 2024, whereas the comparative period for the year to 31 August 2023. This is due to the charity merging with another charity on 13 September 2024 (for more information, see note 11). As a result, the comparative period amounts presented in these financial statements will not be entirely comparable.

1.2
Accounting convention

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

 

Pestalozzi International Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

1.3
Going concern

On 13 September 2024, the charity merged with another charity, Pestalozzi World Children's Trust, with a name change for the combined entity to Pestalozzi International. The net assets of the charity have been distributed to the new merged entity as at the date of the merger, and Pestalozzi International Foundation will be dissolved within 12 months of the expected date of approval of the financial statements.

 

The accounts have therefore been prepared on a basis other than that of a going concern.

1.4
Charitable funds

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

1.5
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
1
Accounting policies
(Continued)
1.6
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.8
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
75,300
60,982
Legacies receivable
71,598
112,653
146,898
173,635
4
Income from fundraising
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
5,775
7,804
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
17,056
6,353
- 12 -
PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity

Costs of fundraising events

-
35
Fundraising publicity
2,435
4,229
Costs of fundraising activities
4,405
5,890
6,840
10,154
7
Grants payable
Student programme
Student programme
2024
2023
£
£
Grants to institutions:
Samaanta Foundation Trust
15,000
5,000
Chipembele Wildlife Education Trust
10,000
10,000
Oneureka Foundation
5,000
-
30,000
15,000
Grants to individuals
-
6,078
30,000
21,078
- 13 -
PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
8
Expenditure on charitable activities
Student programme
Student programme
2024
2023
£
£
Direct costs
Staff costs
50,996
54,114

Other direct costs

112,209
510,787
163,205
564,901
Grant funding of activities (see note 7)
30,000
21,078
Share of support costs (see note 9)
68,349
79,994
261,554
665,973
Analysis by fund
Unrestricted funds
261,554
665,973
9
Support costs allocated to activities
2024
2023
£
£
Staff costs
43,050
43,050
Depreciation
-
836
Indirect employee costs
-
82
General administrative expenses
17,145
31,791
Professional fees
4,589
514
Rent
1,371
1,441
Accountancy and independent examination fees
2,194
2,280
68,349
79,994
Analysed between:
Student programme
68,349
79,994
10
Employees

The average monthly number of employees during the period was 4 (2023: 4).

- 14 -
PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
10
Employees
(Continued)
Employment costs
2024
2023
£
£
Wages and salaries
94,046
97,164
Social security costs
3,424
5,341
Other pension costs
2,720
2,816
100,190
105,321
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The trustees and certain senior employees who have authority and responsibility for planning, directing and controlling the activities of the charity are considered to be key management personnel. As noted in note 13, no Trustee received any remuneration during the year (2023: £Nil) and the total remuneration in respect of the Senior Management Team is £91,247 (2023: £35,910).

11
Distribution of net assets
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Distribution of net assets
1,027,359
-
1,027,359
-

On 13 September 2024, the charity merged with another charity, Pestalozzi World Children's Trust, with a name change for the combined entity to Pestalozzi International. Both entities share the same charitable aims, and all assets, liabilities and funds have been combined via a distribution of net assets to the new combined entity.

12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13
Trustees

During the year, no trustees received any remuneration or other benefits (2023: £Nil).

 

During the period ended 13 September 2024, trustee expenses have been incurred of £346 (2023: £386), being travel and parking costs for 1 (2023: 1) trustee.

 

- 15 -
PESTALOZZI INTERNATIONAL FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 13 SEPTEMBER 2024
14
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
-
2,390
Trade creditors
-
106,656
Other creditors
-
2,273
Accruals and deferred income
-
2,250
-
113,569
15
Retirement benefit schemes
Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £2,720 (2023: £2,816).

16
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

At 1 September 2023
Incoming resources
Resources expended
At 13 September 2024
£
£
£
£
General funds
1,126,024
169,729
(1,295,753)
-
Previous year:
At 1 September 2022
Incoming resources
Resources expended
At 31 August 2023
£
£
£
£
General funds
1,614,359
187,792
(676,127)
1,126,024
- 16 -
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