2021-12-31-accounts

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Trustees Annual Report & Accounts For the period from: 1 January 2021 to 31 December 2021

The Educational Frontier Trust, registered charity no. 1087070 www.TEFT.org.uk

The Educational Frontier Trust Trustees Annual Report & Accounts

For the period from: 1 January 2021 to 31 December 2021

TABLE OF CONTENTS ......................................................................................................................... 1 SECTION 1: LEGAL AND ADMINISTRATIVE INFORMATION ........................................................ 2 SECTION 2: TRUSTEES ....................................................................................................................... 3 SECTION 3: ACTIVITIES AND ACHIEVEMENTS ............................................................................. 4 SECTION 4: POLICIES .......................................................................................................................... 8 SECTION 5: SIGNATURE AND DECLARATION ............................................................................. 13 SECTION 6: INDEPENDENT EXAMINER’S REPORT ................................................................... 14 SECTION 7: STATEMENT OF FINANCIAL ACTIVITIES ................................................................ 15 SECTION 8: BALANCE SHEET ......................................................................................................... 16 SECTION 9: NOTES TO THE ACCOUNTS ....................................................................................... 17

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Section 1: Legal and Administrative Information

Charity name:	The Educational Frontier Trust
Any other name the charity is known by:	TEFT
Charity Commission registered number:	1087070
For the financial period beginning on:	1 January 2021
For the financial period ending on:	31 December 2021
Basis of accounts:	Accruals Basis
Charity’s principal address:	22 The Drive, Rickmansworth,
	Hertfordshire, WD3 4EB
Governing document:	Trust deed dated 1 March 2001
	forming The Waterfall International
	Trust, as amended by a Deed of
	Variation dated 5 June 2001 which
	altered the name of the Trust to its
	current name.
Objects of the Charity:	To further such general charitable
	purposes as the trustees shall from
	time to time with their discretion
	determine, in particular but not
	exclusively the furthering of education
	in foreign countries.
Bank:	Barclays Bank PLC,
	Westminster Branch, London
Independent Examiner for financial period:	Steve Hale FCA
	Perrys Accountants Ltd,
	Churchdown Chambers, Bordyke,
	Tonbridge, Kent TN9 1NR
Book-keeper for financial period:	Kim Davenport, London SE26
Website:	http://www.teft.org.uk/
Further information:	office@teft.org.uk

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Section 2: Trustees

Name of trustee (Details of any office held are added after the name.)	Dates during which the named trustees acted if not for the whole period of this report	Comments
Julie Dickins
Ben Grierson-Hill	-
Samantha Haydon Treasurer	-
Alison Hayward	-
Trevor Mwiu	14thto 31stDecember 2021	Appointed by special resolution of the TEFT Board of Trustees on 14thDecember 2021
David Munns	1stJanuary to 12thNovember 2021	Resigned 12thNovember 2021
Sarah Pickwick	-
Jonathan Taylor	-
Richard Walton Chairman	-

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Section 3: Activities and Achievements

The Charity’s Origins and Aims

The Educational Frontier Trust (TEFT) was formed as a result of the trustees wanting to respond to the needs of the people living in Northern Kenya. The trustees believe that pastoralists and others living in Northern Kenya would benefit from becoming more self-reliant and self-determining, and that it is important to equip local people to have more control of their circumstances and become less dependent on external groups and organisations.

Kisima Trust

In pursuance of these objectives TEFT is actively working with a Kenyan charity, the Kisima Trust, to address the concern of empowering pastoralist and other communities of Northern Kenya.

Since 2001 TEFT has been supporting Kisima Trust’s main project to date, Kisima School, a residential mixed secondary school. Capital grants funded the initial acquisition of the school’s five-acre site and three acres of farmland, and the construction and development of the school buildings. Grants have been made in support of the establishment and running of Kisima School and the purchase of vehicles used by Kisima Trust.

Further information on the work of Kisima Trust can be found at http://www.teft.org.uk. Below are brief descriptions of the projects supported by TEFT.

Kisima Mixed Secondary School

The trustees believe that the provision of high-quality secondary education, enabling progression to university or some other form of higher education or vocational training, is one of the most effective ways of giving young people the chance to reach more of their potential and bring sustainable benefits to their communities. Offering equal education opportunities for boys and girls is considered by the trustees to be a key factor in improving living conditions in the communities of Northern Kenya.

Kisima School is a free, residential secondary school for 160 students, currently comprising four year groups of 40 students, targeted at pastoralist and other disadvantaged communities in Northern Kenya including areas close to the school. It provides free education to children from disadvantaged backgrounds who have proven academic potential to benefit from further learning. Due to the size of this part of Kenya, and the widely distributed nature of its population, residential schooling is common and accepted. The staff put considerable effort into ensuring that only genuinely disadvantaged children are accepted for Kisima School. The families of all children put forward by their primary schools are assessed by the Director and/or the Principal of the school so that the children’s academic capabilities and circumstances can be verified, and to ensure that no special interests have unfairly influenced their nomination. The effectiveness of this assessment can be seen in the high quality of the results of those graduating from the school, and is also reflected in the high

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proportion of students who have lost one or both parents and are therefore particularly disadvantaged.

Kisima School is located in Nyahururu, a small town 200km northwest of the capital Nairobi, on the southern margins of Northern Kenya. The location of the school was chosen for two main reasons – a relatively stable and secure socio-economic environment, and infrastructure and accessibility. Unlike many areas in Northern Kenya, Nyahururu has good transport, communication and power networks as well as clean water and health services. Nyahururu also provides a ‘neutral’ site outside the many different tribal areas from which students come, fostering unity and integration and minimising the risk of inter-tribal tensions.

Primary education currently lasts for eight years in Kenya and it is common for students to have interruptions to their school attendance so those starting their first year of secondary education at Kisima can be aged between 14 and 18 years. The students are equally divided between boys and girls.

Since early 2020, COVID-19 has hugely disrupted education and exams, with schools such as Kisima closing in March 2020 and only re-opening for 4[th] year students in October 2020 and for all other pupils in January 2021.The 2020 curriculum was staggered across 2020 and 2021, and the new 2021 academic calendar did not start until July 2021 and is continuing until March/April 2022. As a result, it is not yet possible to report on the results of the 2021 exam finals - the Kenyan Certificate of Secondary Education - as these take place in March and April 2022. However, despite all the disruption, the school has continued to excel academically, with 100% of the 2020 graduating class achieving university entrance grades (C+ or higher) in their KCSE exams. And fortunately, perhaps largely due to extra hygiene measures, there has been no COVID-19 outbreak at the school.

During 2021, Kisima students from the 2020 class embarked on a wide range of university degrees including Engineering, Medicine, Optometry, Education, Agricultural Biotechnology, Natural Resources Management, Forensic Science, Computer Science, Actuarial Science, Corporate Communication and Management, Procurement and Supply Chain Management, Human Resource Management and Applied Statistics. Two students opted not to take up their university places and instead joined Medical Training Colleges for diploma courses in Clinical Medicine and Nursing. A female student was successful in securing the Earth University Scholarship and left in October for Costa Rica. Also in 2021, a female student from the 2019 class was awarded a scholarship to study Biological Engineering at Massachusetts Institute of Technology.

Kisima School alumni who have graduated from university are working in a range of occupations in various parts of Kenya including their home areas. Examples of jobs begun by former students in 2021 include nursing, IT, civil engineering, software developer, accountant, teaching (secondary and primary), veterinary entomologist, County government records officer, and agriculture and natural resource management specialist. Many former students are helping to pay for their siblings and wider family members to attend school as they know education can be a vital key to unlocking a new and better future for their families and communities. There is an active group of Kisima School alumni who stay in touch with the school and one another and support Kisima School in various ways.

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The total cost of running the school in 2021 was £155,289, excluding capital expenditure of £5,310 for new mattresses. Costs were significantly helped by a highly advantageous exchange rate (sterling to Kenyan shillings) throughout 2021. This compares with £124,400 regular expenditure in 2020 which was reduced from previous levels due to Covid-19 closures. All staff were either retained or placed on furlough during the closures. Salaries remained the largest individual cost in 2021 at approximately £90,000. Salary costs pay for the director, principal, 10 teachers, a science technician, the sponsorship co-ordinator, a school secretary, matron, four cooks, two night watchmen, one site attendant and one gardener.

Operational Safety

Since the opening of the school in 2005 it has been a key element of the selection process to meet students in their homes and communities and interview them there. In recent years the safety of personnel conducting these field trips had become threatened due to much civil unrest and danger in the region and field trips were suspended. With relatively improved stability in the region field trips were resumed in 2019, but have now had to largely be suspended again with most pupils being interviewed at the school.

Kisima Farm

The three acres of farmland purchased in January 2017 close to the school has proved to be a valuable teaching resource for agricultural studies and provides small amounts of extra food for the school kitchen. The land is about 20 minutes walk from the school. As with all land in this area steps need to be taken to protect crops from theft. Due to a kind grant from the Jerusalem Trust in 2020 a small farmhouse was built at the farm to house a site watchman. In 2021, a water pan was excavated to collect run-off rain water that can be used for irrigation in the dry season.

Fund Raising

Sponsorship Programme

TEFT continues to jointly administer the Child Sponsorship Programme with Kisima Trust. The programme, which contributes towards the students’ direct attendance costs (food, school books etc), was again fully subscribed for Kisima School’s 2020 and 2021 intake of students. The Child Sponsorship Programme provides a proportion of core funding for the school as well as broadening Kisima’s supporter base in the UK and abroad.

Kisima Friends

Thanks are also due to the large number of other donors to TEFT where gifts range from large one-off amounts to smaller regular gifts. This growing group of donors represents a core strand of the funding for Kisima and the trustees are hugely grateful for the loyalty and support of so many Kisima Friends.

Particular thanks go to members of Christ Church, Chorleywood, Hayes Town Chapel and members of Two Sisters Chapel in Kalmar, Sweden who continue to support Kisima School with significant donations.

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Including Gift Aid contributions, sponsorship and other regular donations funded the school’s entire annual running costs in 2021. The trustees are extremely grateful to Kisima’s many sponsors for their generosity, commitment and support, and especially for their loyalty to Kisima during Covid-19. Many thanks too are due to the great efforts of Catherine Maina who co-ordinates the programme at Kisima School and to TEFT’s UK volunteer Sponsorship Co-ordinator Lesley Jones.

Other fund-raising

TEFT appointed an independent fund-raising consultant for a trial period of one year from April 2020, in particular to make applications to charitable trusts and foundations. However, Covid-19 intervened and greatly impacted grants in the UK, with many organisations saying they were not currently giving to overseas projects. Despite this, the consultant brought in funds equal to twice the amount of his fees in 2020. Going forward, he decided it would likely be in TEFT’s best interests if he ceased to be retained and will instead assist with capital fundraising on a project by project basis, charging accordingly. The trustees are most grateful to him for all his hard work on TEFT’s behalf.

Future Plans

The Kenyan government has made further announcements regarding the longawaited changes to the education system. These changes will present significant funding challenges, with which the fundraising consultant may continue to assist. The proposals involve the current system of eight years of primary schooling and four years of secondary education changing to two years of pre-primary, six years of primary (grades 1-6), three years of junior secondary, (grades 7-9) and three years of senior secondary (grades 10-12). It will also involve transitioning to a new Competency Based Curriculum where schools will be recognised for particular specialisms or pathways. Senior secondary schools must offer two out of three pathways: science, arts and sports. It is not certain but junior secondary schools may have to operate as day schools in order to facilitate 100% transitioning and because the starting age will be lower (12 yrs) than the current starting age for secondary school.

The Kisima Trust had decided that Kisima School should transition to a three year senior secondary boarding school (grades 10-12), building on their expertise, but having met with Government representatives it is now considering whether it would be feasible to incorporate junior secondary school as well. At senior secondary level, where students will specialise in one of three pathways, the Trust has decided that it will be appropriate to offer either the Social Sciences or STEM pathway (science, technology, engineering and mathematics), most likely the STEM pathway. It would not offer the Arts and Sports Science pathway. It is anticipated that the school’s first intake under the new curriculum would be between 2024 to 2026, depending on the national roll-out.

The implementation of the new curriculum, and following the science and social science pathways with older students, coupled with the Kenyan government’s expressed desire to expand the use and teaching of Information and Communication Technologies (ICT) in all schools, will require more teachers, training, the purchase of appropriate ICT equipment, and the possible expansion of existing buildings. TEFT will continue to work closely with Kisima School’s management team in its planning and in preparing a feasibility study.

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Including Gift Aid, sponsorship and Friends’ regular giving are expected to fund roughly 60% of the school’s running costs in 2022. Running costs are expected to be approximately £171,500 depending on exchange rates and the course of Covid-19. The budget will be regularly reviewed throughout the year.

Organisation

Kisima Trust and TEFT are separate legal entities, although they have overlapping goals. This allows TEFT to properly hold Kisima Trust accountable for the grants it receives and to ensure that the funds are being put towards their designated uses. Kisima Trust has a board of trustees which meets regularly to provide both local insight and accountability to those working for Kisima Trust.

The trustees of TEFT meet at least eight times a year and divide various responsibilities between them, including: communicating with Kisima Trust, reviewing the Trust’s budgets and expenditure, the development of project strategy, donor development and fundraising plans. Over the years most of the trustees have visited Kisima School, at their own expense. The trustees serve a 3-year term, but can be reappointed, as indeed many were in December 2021. At the same time, a new, Kenyan-born trustee, Trevor Mwiu was appointed.

Section 4: Policies

Public Benefit Requirements Policy

In seeking to pursue our current charitable aims of the advancement of education through supporting Kisima School, the trustees have referred to the Charity Commission’s guidance on public benefit when reviewing TEFT’s aims and objectives and in planning future activities and setting the grant making policy for the year.

The trustees seek to ensure that all activities undertaken by TEFT are in line with our charitable aims and objectives and are for the public benefit as required by the Charities Acts.

Trustees’ Remuneration and Conflicts of Interest

All trustees give of their time freely and no trustee remuneration was paid in 2021. No trustee claimed expenses during the year.

A new and comprehensive conflict of interest policy was agreed in 2020. Trustees (and senior staff) are asked to declare any potentially relevant interests they may have and to review and update their declaration of interests annually and in any event when any changes occur. In addition, a trustee must declare any interest which he or she has in an item to be discussed by the board of trustees and withdraw from the discussion unless the trustee does not stand to gain any benefit from the decision (a ‘conflict of loyalty’) and the other trustees decide he or she need not withdraw.

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Risk Assessment

During the year the trustees have assessed the major risks to which its own operations in the UK, and the work of Kisima School in Kenya, are exposed. In the view of the trustees, appropriate and reasonable safeguards are in place to mitigate these risks.

On an ongoing basis the trustees seek to identify any potential detriment or harm arising from TEFT’s activities and ensure that pursing its activities and the expected benefits are balanced against the risks of any potential associated detriment or harm.

Reserves Policy

TEFT has no endowment fund and does not currently intend to build up an endowment fund. TEFT’s goal is to maintain reserves equivalent to one term’s running costs for the school in addition to the term one costs which are transferred in early January each year. In 2022 the running costs per term will be approximately £57,150 (on a three term basis). The 2021 goal of reaching £120,000 (running costs for approximately two terms) at the end of the year was exceeded as unrestricted general funds of £145,388 were held.

Investments Selection Policy

TEFT does not invest its funds on any speculative basis, but deposits them in bank accounts with reputable banks in the United Kingdom (earning interest where possible) pending the granting of such funds for their charitable purposes.

Grant Making Policies

The focus of TEFT’s efforts is the Republic of Kenya. TEFT primarily supports activities which include or involve:

the provision of facilities and resources required for the teaching of children, particularly from the pastoralist communities of Northern Kenya, who would otherwise be unlikely to benefit from education;
the purchase of land and the construction of buildings such as school classrooms, dining rooms, dormitories, office buildings and related buildings and infrastructure and the funding of other necessary ‘capital’ expenses;
the funding of teaching and related administrative staff for the project, and the payment of other reasonable operating costs associated with the project being supported;
grants to pay for the cost of providing education to school children and the funding of the provision of necessary related materials such as food for children in supported schools;
the promotion of projects which are being supported by local charities and churches;

The following requirements are designed to guard against the misuse or fraudulent use of any grants from TEFT. To this end grant recipients must have adequate legal

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and procedural safeguards against decisions being made by a small number of individuals without ratification by a wider body, appropriate to the scale of the amount involved. These requirements therefore include both the following minimum principles and also minimum expectations of practices employed in the activities of the recipients.

Grants of less than £10,000 are referred to as Smaller Grants. Grants equal to, or in excess of, £10,000 are referred to as Major Grants.

TEFT’s basic guidelines for all grant recipients (ie recipients of Major Grants and Smaller Grants) are as follows:

A beneficiary will need to have formally applied to the trustees for a grant, giving detailed information as to the intended use of the grant and details of the beneficiary itself;
To the extent possible under local law, a beneficiary should be a registered charity in its own country. Whilst the countries in question may not have standards that are comparable to those set by the laws of England and Wales, this will provide a bare minimum check that the aim is fundamentally not that of personal profit;
Individuals will not be considered for selection as a beneficiary;
A beneficiary will need its own bank account, grants will not be sent to individuals on behalf of a charity;
A beneficiary organisation will be required to send reports on how grants from TEFT have been used and to assist TEFT with updates on the progress achieved in furtherance of TEFT’s charitable aims;
A beneficiary will be required to send copies of their financial accounts to TEFT as a check on the usage of a grant;
A beneficiary should have a Christian ethos;
A beneficiary will not, in the opinion of the trustees, bring TEFT into disrepute;
It is the general approach of TEFT that it is keen to support at most a few projects/charitable efforts where TEFT can make a real difference. Therefore, in addition to the trustees approving of the aims of the applicant, the trustees intend to focus on making sure that the beneficiaries are likely to be a success in their aims and the trustees would be keen to ensure that their support is genuinely going to be important in the project/effort going ahead.

TEFT views it as very important that donors to the charity are able to draw due comfort that the trustees have taken every reasonable precaution to ensure that grants are made both in line with its charitable purposes and that grants reach their intended destination. The trustees recognise the danger that once grants have been made TEFT will ultimately cease to have control over the funds; therefore the following will be required of beneficiaries prior to making grants:

A beneficiary will be researched prior to grants being made and to the extent that questions remain in the minds of the trustees regarding either the ability of the beneficiary to safeguard such grants or to undertake the charitable efforts/projects

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for which the grants are being sought, then the grant application will be turned down;

A beneficiary will be required to agree to send reports on how grants have been used from TEFT and as updates on the progress achieved in its charitable aims. Whilst in one sense this is more of a check and learning measure than a genuine protective measure, this will assist TEFT in checking that previous grants have not been misused, providing greater confidence to TEFT in making further grants to the same organisation.

The requirements below are in addition to the above and apply to all Major Grants:

The beneficiary should have a minimum trustee/governance body of at least five unrelated individuals with decisions relating to the sale or purchase of assets with a market value at, or in excess of, the equivalent of £10,000 requiring the agreement of a majority of the entire trustee body (ie a minimum vote of three in favour of the decision).
Trustees of the beneficiary to be Christians and people of good standing in the community, and without close ties to staff employed by the beneficiary, except as agreed by the beneficiary trustees in line with its trust deed and the conflict of interest policy.
No more than one trustee may be an employee of the beneficiary without the written consent of TEFT.
The governing documents of the beneficiary should include the requirement for a clear conflict of interest policy to be adopted by trustees to ensure that staff/trustees are not able to benefit inappropriately from their positions, and there should be appropriate evidence that this is being adhered to, for example individuals being recused from any votes on decisions in which they have a conflict of interest.
Quorum for all other decision-making to be three, ie a majority decision can be made by two people.
Trustee meetings to be held at least three times a year with appropriate procedures in place in relation to practical matters such as notice given, the circulation of agendas and papers in advance, the recording of decisions made and circulation of minutes subsequently.
Spending of grants to be accounted for to the satisfaction of TEFT, including reconciliation back to bank accounts on request.
Sale of assets funded by TEFT with an independently established market value in excess of £50,000 not to be undertaken without the written agreement of TEFT.
On a case by case basis, where significant changes could fundamentally be made affecting the charitable nature of the beneficiary, such changes require agreement by TEFT in order to protect the usage of the grant for charitable purposes.

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Policy on Acceptance of Donations

TEFT has a policy with comprehensive guidelines pursuant to the Code of Fundraising Practice and guidance by the Institute of Fundraising and the Charity Commission, for trustees to follow when considering the acceptance of donations of more than £1,000.

Policy on Data Protection

TEFT also has an appropriate data protection policy.

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Section &. Slgnature and DKlaratlon OlaratIOn. I deck in rrry capaoty ofchanty $tse, that The trustees have apprmj thts reFort aTMI accounts., 8r•S Have authormd rm to $pJn iton their b8half. Full Nam•: Po•lllon: L-HAIL 81gn•d: D4t0: 26 Aprll 2022 W.TW.(Ji&UK P131518

Section 6: Independent ExamlneVs Report I report to the bustees on my examinats.on ofthe accounts of The Educats"onal Frontier Trust for the year ended 31 December 2021. Responsibilities and basis of the report As the charity trustees you are Sponsible forthe preparation oftre ac¢cwnts in accordance with the requirements ofthe Charities Act 20111'the ACVI. I report in respect of my examination ofthe Tst.5 accounts carried out under Section 145 ofthe Act and in carying out the examination I have followed all the applicable directions given by the Charity Commission under Section 145151{bl of the Act. Independent Examinerfs ststement I have completed my exatThnatiDn. I confim that no material matters have come lo my attention in connection with the exarninatn giving me cause to believe that in any material respecL' accounting records were not kept in respect of the Trust as required by section 13D of the Act or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements contsming the fomi and contents of accounts set out in the Ch3rTties (Accounts and Reports} Regulations 2008 other than any reqU1ment that the accounts gwe a 'tfue and fair view, which 15 not a matter cons1je as part of an indeperndent examination. I have no concems and ¢ome across no other matters in connection with the eXaMinatn to whh attention should be drawn in this report in order to enable a Fryer understanding ofthe accounts lo be reached. Steve Hale FCA for and on behaw of Perrys Auntants Ltd Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR Slgned: Dats: IHE ETJNALFROw1ER TRusf, REGisfERED cwfpiNO. 1087070 WM¥.TEFf.ORG.UK P14CF 18

Section: Statement of Financial Activities

Statement of Financial Activities for the Year Ended 31st December 2021

Unrestricted Restricted Notes Funds Funds £ £ Income and Expenditure Income Donations and legacies 3 169,652 - Total Income 169,652 - Expenditure Cost of raising funds 900 - Charitable activities - Grants and support costs 4 164,534 - Total Expenditure 165,434 - Net income and net movement in funds 4,218 - Reconciliation of Funds Total funds brought forward at 1st January 2021 141,170 - Total funds carried forward at 31st December 2021 145,388 -	Unrestricted Restricted Notes Funds Funds £ £ Income and Expenditure Income Donations and legacies 3 169,652 - Total Income 169,652 - Expenditure Cost of raising funds 900 - Charitable activities - Grants and support costs 4 164,534 - Total Expenditure 165,434 - Net income and net movement in funds 4,218 - Reconciliation of Funds Total funds brought forward at 1st January 2021 141,170 - Total funds carried forward at 31st December 2021 145,388 -	Total 2020 £ 174,212
169,652	-	174,212
900 164,534	- -	4,315 134,432
165,434	-	138,747
4,218 141,170	- -	35,465 105,705
145,388	-	141,170

The Notes to the Accounts form part of these Financial Statements

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8: Balance Sheet as at 31" December 2021 Bakn Sheet as at 31st DecltEr 2021 Cash at bank 130.262 15.69) 145,952 129.213 12.521 141,734 (w) (564) Net CuThent Assets 145.388 141,170 Th8 funds of fv c FuThJs and reserves Gèneral funds Re8trKlpd funds 145.388 141.170 145,388 141.170 the 26th 2022 PA*I6(F 18

Section 9: Notes to the Accounts

Notes to the Accounts

1 Basis of preparation

1.1 Basis of accounting

These financial statements have been prepared for the year to 31 December 2021. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements.

The financial statements have been prepared in accordance with 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 United Kingdom and Republic of Ireland (FRS102)

1.2 Change in basis of accounting

There have been no changes to the basis of accounting during the financial year.

2 Accounting Policies

2.1 Income

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds. These are included in full when received.

Restricted funds are to be used for the specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund.

2.2 Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid.

2.3 Cash at bank

Cash at bank represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

2.4 Creditors

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of the settlement can be estimated reliably.

Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt.

3	Analysis of income 3.1 Voluntary Income Individuals Organisations and trusts Tax Refunds Interest Total income	Unrestricted Restricted Total Funds Funds 2021 £ £ £ 114,784 - 114,784 34,562 - 34,562 20,306 - 20,306 - - - 169,652 - 169,652 169,652 - 169,652	Unrestricted Restricted Total Funds Funds 2021 £ £ £ 114,784 - 114,784 34,562 - 34,562 20,306 - 20,306 - - - 169,652 - 169,652 169,652 - 169,652	Total 2020 £ 104,280 51,912 18,020 -
			169,652	174,212
			169,652	174,212

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Section 9: Notes to the Accounts (continued)

Unrestricted Funds £ 155,289 5,310	Unrestricted Funds £ 155,289 5,310	Restricted Funds £ - -	Restricted Funds £ - -	Total 2021 £ 155,289 5,310 160,599 111 3,180 80 564		Total 2020 £ 124,400 5,925
	160,599		-			130,325
	111 3,180 80 564		- - - -			356 3,000 187 564
	3,935		-	3,935		4,107
	164,534		-			134,432
	15,690		-			12,521
	15,690		-			12,521
	564		-			564
	564		-			564
Balance at 1 Jan 2021 £ - -		Incoming Resources			Balance at 31 Dec 2021 £ - -
		£ - -
-		-			-
141,170		169,652			145,388
141,170		169,652			145,388

8 Other notes

As there are no employees, no employee was paid over £60,000. The Trustees received no remuneration during the year.

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The Educational Frontier Trust Trustees Annual Report & Accounts

For the period from: 1 January 2021 to 31 December 2021

Table of Contents

Section 1: Legal and Administrative Information

Section 2: Trustees

The Charity’s Origins and Aims

Kisima Trust

Kisima Mixed Secondary School

Operational Safety

Kisima Farm

Fund Raising

Sponsorship Programme

Kisima Friends

Other fund-raising

Future Plans

Organisation

Section 4: Policies

Public Benefit Requirements Policy

Trustees’ Remuneration and Conflicts of Interest

Risk Assessment

Reserves Policy

Investments Selection Policy

Grant Making Policies

Policy on Acceptance of Donations

Policy on Data Protection

Section: Statement of Financial Activities

Section 9: Notes to the Accounts

1 Basis of preparation

1.1 Basis of accounting

1.2 Change in basis of accounting

2 Accounting Policies

2.1 Income

2.2 Debtors

2.3 Cash at bank

2.4 Creditors

Section 9: Notes to the Accounts (continued)

8 Other notes