REGISTERED CHARITY NUMBER: 1078088 EDUCATION FOR LIFE TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Xeinadin Dalton House 9 Dalton Square LANCASTER LAI IWD
EDUCATION FOR LIFE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APIUL 2024 Page Referenee and Administrative Details Trustees, Report Independent Examiner's Report Statement of Financi81 Activities Balance Sheet Notes lo the Financial Statements 8 to 13
EDUCATION FOR LIFE REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2024 Trustee5 Mr P France Mrs A Jobnstone (res]ed 151612023) Mr l McGrath Mr M Pidd (resigmed 121412024) Miss L France (appointed 191412024) Mrs S Doggett (appointed 2111112023) Principal address 5 King Stre¢t CARNFORTH LA5 9DU Registered charity number 1078088 Independent examiner Xeinadin Dalton House 9 Dalton Square LANCASTER LAI IWD Page I
EDUCATION FOR LIFE TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2024 The trustees present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and R¢porting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic ol- Ireland (FRS 102) (eATeclive l January 2019). Objectives and activities Objectives and aims The Objects of the charity are.. - The advancement of the Christian Faith - The advancement of education, in particular but not exclusively, of children and young people - For such other charitable purpose or purposes for the benefit of the inhabitants of the local communities in Mombas Kenya Public benefit The trustees confim that they have complied with the requirements of section 4 of the Charities Art 2011 to hav¢ du¢ regard to the public benefit guidance published by th¢ Charity Cornmission for England and Wales. Page 2
EDUCATION FOR LIFE TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2024 Achievement and performance Charitable activitie5 The role of Education for Life is to work within and alongside the local community, helping them to establish education, of a social and academic nature for both children and adults. Education for Life se¢ks to ¢nsurc thal childr¢n have th¢ opportunity to learn to redd, MTite, Widetand basic number work and also attain social skills, including understanding the need for health, hygiene and cleanliness (personal. at home and in the environment)- The moral and praclical support of a communily requircs consideT(ible investment of both time and money. Education for Life is committed to seeing its vision fulfilled, and a5 a result of this we have a tealn of full time and part time workers in England and Kenya ensuring that the work of the charity is run effectively and efficiently. We consider that the best method of tackling poverty in the longer term is through a series of programmes, promoting sustainable dev¢lopmenL and enabling con]mtmities to become as self-sufficient as they can be. We cUentlY run the following programmes.. Providing full time employment for 69 Kenyans - Nursery School foT 60 children - Primary School for 320 children Secondary School for 160 srudents Special Needs Education Programme - including specialised education in small groups - Children's Home for I l Orphans Care in the community supporting "Foster Families" Specialised Heath Care assistance for individuals with specific known illnesses - UniversTty, Further Education and Skills Training sponsorship as required. Feeding programme for 550 children daily COnnunity housing- 9 houses available for rent - Tailoring workshop - making school unifornis Fellowship meetings foT Bible Teachings Bible Teachings Online and Support Group Computer Training for Staff and Students - Schoovcommunity Library "Half Way" House Project (Refuge Home) - 22 rooms available - Community Playground Education for Life works with other charities having similar objects to our own in and around Mombasa. Work is carried out through joint initiatives, utilising local knowledge and skills, which assists in achieving our objects. for the ben¢fit of th¢ local community. All work is monitored directly in the fjeld, ensuring that all programmes are delivered to an excellent slandard and to maxitnise the value to the various beneficiaries. We would like to thank all the charities that have supported us, especially Footsteps International and Lightforce International. Our income is mainly from individual sponsors, churches and schools, it is they who make all our work possible. Thank you. Page 3
EDUCATION FOR LIFE TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2024 Financial review Reserves policy The policy of the trustees is to put donors, funds to immediate use as fdr as possible. In case of an emergency an appeal would be made for additional fLLnds. The chlty caleS out a variety of both long tcrni and short tenn proj¢¢ts. It is therefor¢ important that a regular flow of income is maintained a proportion of money provides local wages for teachers, cooks, cleaners, security and support staff, food for the daily feeding programm¢ and mcdical costs, in addition to direct benefit for thc children who are sponsored. It 15 the truste¢s aim to k¢¢p as a r¢serv¢ thre¢ month5 of our regular monthly financial commitments. This should give us the ability to cover any temporary income fluctuations and allow us to respond quickly to an emergency. The level of free reserves at th¢ year end was £18,824 (2023 £8,038). Voluntary help and gifts in kind The trustees are very grateful to volunteers who hav¢ helped us both in the UK and in Mombasa, Great effort has been made resulting in huge successes for the benefit of the people of Mombasa. Without this help it would be extremely dlfficult to reach our goals and achieve our objects. Thank you. Future plans Next Year we plan to develop the work further, to thc greater benefit of the community, working together with our partners to achieve our Dbjgcts, including: Work together with other local charitable organisations to increase food distribution Develop & update our computer lab to allow a¢ce8s for "on¢ slud¢n¢ one computer" Increasing lh¢ number ot studcnts that we spon50r Develop our infrastructure in line with the new Competency Based Curriculum Develop our online Bible Teaching Structurey governance and management Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of trustees on ........... . - and signed on it5 behalf by.. Mr P France - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDUCATION FOR LIFE Independent examiner's report to the trustees of Education for Life I report to the charity trustees on my examination of the accounts of Education for Life (the Trust) for the year ended 30 April 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Charities Act 2011 {'the A¢t'}. I report in respect of my examination of the Trust's accounts carri¢d out und¢r Section 145 of th¢ Act and in canying out my examination I have followed all applicable Dir¢ction5 giv¢n by the Charity Conllnission und¢r Section 145{5)(b) of the Act. Independent examiner'5 Statemenl I hav¢ completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting r¢cords were not kept in respect of ihe Trust as required by Section 130 of the Act. or the account5 do not accord with those records" or the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a tru¢ and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawTJ in this report in order to enable a proper understanding of the accounts to be reached. Prfoc T M Preece FCCA Xeinadln Dalton House 9 Dalton Square LANCASTER LAI IWD Date: Page 5
EDUCATION FOR LIFE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAII EIYDED 30 APRIL 2024 2024 Total funds 2023 Total funds Unreslricted fund Restricted funds Notes Income and endowm¢nts from Donations and legacies 79,479 131,378 210,857 193,804 Investmenl income Total 79,479 131,378 210,857 193,808 Expenditure on Raising funds 216 216 217 Charitable activities bducation for l.ife - Kenya 68,925 131.378 200,303 206,243 Total 69,141 131,378 200,519 206,460 NET INCOMEI(EXPENDITURE) 10,338 10,338 (12,652) Reconciliation of fund5 Total fund5 brought fonvard 9,397 9,397 22,049 Total funds carried forward 19,735 19,735 9.397 The notes fonn part of these financial statements Page 6
EDUCATION FOR LIFE BALANCE SHEET 30 APRIL 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes Fixed assets Ttingiblc &8S¢ts 911 911 1,359 Current assels D¢btors Cash at bar]k 4,185 15,799 4,185 15,799 4,456 4,712 19,984 19,984 9,168 Creditors Amount5. fdlling due within one year (1,160) (1,160) (1,130) Net current assets 18.824 18,824 8,038 Total assets less eurrent liabilities 19.735 19,735 9,397 NET ASSETS 19,735 19,735 9,397 Funds Unr¢stricted funds 19.735 9,397 Total funds 19,735 9,397 Th¢ fina cial statements were approved by the Board of TnL8tees and authorised for issue Zb ¥lfr.... and were signed on its behalf by". on /. I Mr P France - Tntee The notes forn] part of these fanCIal statem¢nts Page 7
EDUCATION FOR LIFE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Accounting policies Basis of preparing the finaneial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOIIP {TrKS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢porling Standard applicable in ihe UK and Republic ol Ire1(d (FRS 102) {effective l JaDuary 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Jreland, and the Charilies Act 2011. 'I"he financial st¢itements h&ve been prepared under the historiciil cost convention. Income All income is recogniscd in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and ihe amount can be measured reliably. Expenditure Liabilities are r¢cognised as expenditure as soon as there is a legal or constrnctive 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. Expenditwe is accounted for on an accruals basis and has been classified under headings that aggiegate all cost related to the category. Where costs cannot b¢ dir¢ctly attributed to particular headings they have been allocated to act&vities 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. Tangible fixed assets Depreciation is provid¢d at the following annual rates in order to write off each asset over its estimated usetiil life. Computer equipment 250/0 Straight line Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with th¢ ¢harithbl¢ objectives at th¢ discr¢tion of ihe tTUSte¢s. R¢strict¢d funds can only be used for particular restrithed purposes within the objects of the charity. Restrirtions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fimd is included in the notes to the fwancial statements. Page 8
EDUCATION FOR LIFE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 IDve5tment income 2024 2023 Deposit account int¢rest Trustees, remuneration and benefits There were no tntees, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. Comparatives for the statement of financial activities Unrestricted fund Restricted funds Total fuiids Income and endowments from Donations and legacies 61,819 131,985 193,804 Investment income Total 61,823 131,985 193,808 Expenditure on Raising funds 217 217 Charitable activities Education for Life - Kenya 74,258 131,985 206,243 Total 74,475 131,985 206,460 NET INCOMEI{EXPENDITURE) (12,652) (12,652) Reconciliation of funds Total funds brought forward 22,049 22,049 Total funds carried (orward 9.397 9,397 Page 9
EDUCATION FOR LIFE NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 30 APRIL 2024 Tangible fixed assets Computer equipment Cost At l May 2023 Additions Disposals 4,685 353 (1,832) At 30 April 2024 3,206 Depreciation At l May 2023 Charge for year Eliminated on disposal 3.326 801 (1,832) At 30 April 2024 2.295 Net book value At 30 April 2024 911 At 30 April 2023 1,359 Debtors: amounts falling due within one year 2024 2023 Other debtors 4,185 4,456 Creditors: amounts falling due within one year 2024 2023 Other Creditors 1,160 1.130 Movement in funds Net movement in funds At 3014124 At 115123 Unrestricted funds General fund 9,397 10,338 19,735 TOTAL FUNDS 9,397 10,338 19,735 Page 10
EDUCATION FOR LIFE NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 30 APRIL 2024 Movement in funds- eontinued Net movement in funds, included in the above are as follows: Ineoming resollrces Resources expended Movement in funds Unrestricted funds General fund 79,479 (69,141) 10.338 Restricted funds Child sponsorship Feeding programme Orphanage Nurs¢ry Specific donations Medical 5UPPOrt Victoria fund 81,725 2,820 43,270 1,803 1,200 360 200 (81,725) (2,820) (43,270) (1,803) (1.200) (360) (200) 131,378 (131,378) TOTAL FUNDS 210,857 (200,519) 10,338 Comparatives for movement in funds Net movement in funds At 3014123 At 115122 Unrestrieted funds G¢ncrdl fund 22.049 (12,652) 9,397 TOTAL FUNDS 22,049 (12,652) 9,397 Pagell
EDUCATION FOR LIFE NOTES TO THE FINANCIAL STATEMENTS - ¢ontinu¢d FOR THE YEAR ENDED 30 APRIL 2024 Movement in funds - continued Comparativ¢ net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 61,823 (74,475) (12,652) Restricted funds Child sponsorship Feeding programme Ory)hanage Nursery Specific donations Medical support Victoria fund 86,266 2,220 40,584 768 1,200 360 587 (86,266) (2,220) (40,584) (768) (1,200) (360) (587) 131,985 (131,985) TOTAL FUNDS 193,808 (206,460) (12,652) A cuent year 12 months and prior year 12 months combined position is as follows= Net movement in funds At 3014124 At 115122 Unrestricted funds General fund 22,049 {2,314) 19,735 TOTAL FUNDS 22,049 (2,314) 19,735 Page 12
EDUCATION FOR LIFE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2024 Movement in funds- continued A curr¢nt year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resourees expended Movemenl ID funds Unrestrieted funds General fund 141,302 (143,616) (2,314) Restricted funds Child sponsorship Feeding programme Orphanage Nurs¢ry Specific d()nations Medical sUPPOrt Victoria fitnd 167,991 5,040 83,854 2.571 2.400 720 787 (167,991) (5,040) (83,854) (2,571) (2.400) (720) (787) 263,363 (263,363) TOTAL FUNDS 404,665 (406,979) (2.314) Related party disclosure5 The total donations made by the Trustees and their spouses to the charity in the year was £1,464 (2023 £1,404), of which £504 (2023 - £744) ) was restricted. Page 13