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2020-08-31-accounts

FORTNGLAN DANDWALIS
accounts
SectionA lndependentExaminer'sReport
Reportto thetrustees/
membersof		 AYSANEWKASSATRUST
Onaccountsforthe year 31AUGUST2A2O
Charityno
1090931
ended (ifany)
Setout onpages
1to35
Ireport to thetrusteeson myexaminationoftheaccountsoftheabove
charity("the Trust") for theyear ended31August2020.
Responsibilitiesand Asthecharity'strustees, you areresponsible forthepreparationofthe
basisof report accountsin accordance withtherequirementsofthe Charities Act2011
("theAct").
Ireport in respect of myexaminationoftheTrust'saccounts carried out
undersection145of the 2011Act andincarrying out myexamination,I
havefollowedalltheapplicable Directions givenbythecharitycommission
undersection145(5Xb) of theAct,
lndependent Ihave completed myexamination.Iconfirmthatno material matters have
examiner'sstatement cometomy attention in connection with theexamination(other than that
disclosedbelow*)which givesme causetobelievethatin,anymaterial
respect:
rtheaccounting recordswerenot keptinaccordancewith section130
oftheCharitiesAct; or
otheaccountsdidnot accord withthe accountingrecords;or
otheaccountsdidnot comply withthe applicablerequirements
concerning theformand content of accounts set outintheCharities
(AccountsandReports) Regulations 2008 otherthanany requirement
thattheaccountsgivea 'true andfair'viewwhichis not a matter
consideredas partofan independent examination.
Ihave noconcernsand have comeacrossno other matters in connection
with the examination towhichattentionshouldbedrawninthisreportin
ordertoenableaproper understandingoftheaccountstobe reached.
* P/ease deletethewords in the bracketsifthey do notapply.
Signed: Date: ?rlc5fzr
Name: RG DRENNAN FCA
Relevant professional ICAEW
qualification(s) orbody
(ifany):
Address: 11 HAMMERSMITHTERRACE,LONDON W6 9TS

ObjectivesandActiviti es
SORP reference
Summary ofthepurposesof Para1.17 Tosuppofi theeducationandwellbeingof the
thecharity assetout inits
governing document		 children
Ethiopia.		 in AzezointheGondarregionof
Summaryofthemain
activitiesin relation to those
purposes forthepublic
benefit, in particular,the
activities, projects or
servicesidentifiedinthe		 Para1.17and
1.19		 o
o
o
r		 Monthlygrantstochildren
Contributiontodailytransport
Purchase incountryofbooks,sports
equipment&lab.equipment

Provisionofpremises
accounts.
Statement confirming Para1.18 TheTrustees havereviewed theguidance
whether thetrusteeshave
had regard totheguidance
issuedbytheCharity
Commissionon public
benefit

Achievements against Para1.41
objectives set
Performanceoffundraising
activities against objectives Para1.41
set
Investment performance Para1.41
against objectives
Other

Financial Review
Reviewofthecharity's Para1.21 Unrestricted reserves reduced byf4,280to
financialposition at the end t42,ga1
oftheperiod
Statement explaining the Para1.22 Thetrustisbuildingupitsreserveswhenever
policyforholding reserves possible inordertohavefundstodevelop
stating why theyareheld capital projects.
Amount ofreservesheld Para1.22 874,A12
Reasonsforholding zero Para1.22 nla
reserves
Details offundmateriallyin Para1.24 nla
deficit
Explanation of any Para'l.23 nla
uncertainties aboutthe
charitycontinuingas a going
concern
Details offundmateriallyin
deficit
Para1.24
nla
Explanation of any
uncertainties aboutthe
charitycontinuingas a going
concern
Para'l.23
nla		 Details offundmateriallyin
deficit
Para1.24
nla
Explanation of any
uncertainties aboutthe
charitycontinuingas a going
concern
Para'l.23
nla
Additional information(optional)
choosetoinclude
You		 statementswhererelevantabout:
Thecharity'sprincipal
sources offunds(including Para1.47
any fundraising)
lnvestmentpolicy and
objectivesincluding any Para1.46
social investmentpolicy
adopted
Adescriptionoftheprincipal Para1.46
risks facingthecharity
Other
Description of charity's
trusts:
fypeof governing document Para1.25 Trust deed
Howisthecharity Para1.25 Trust
constituted?
{.gi.in!r':cmrprxt#
ssitin,li
Trustee selection methods Para1.25 Trustees are selectedwith theirknowledgeof
including detailsofany Ethiopia/Educationandtohave diverseskills.
constitutional provisions e.g
electiontopostornameof
anyperson or body entitled
toappoint one or more
trustees
Additional information(optional)
You
choosetoincludefurtherstatements		 whererelevantabout:
Policies and procedures
adopted fortheinduction Para1.51
and training of trustees
Thecharity'sorganisational
structure and anywider Para1.51
network with which the
charityworks
Relationshipwith anyrelated Para1-51
parties
Other

ReferenceandAdminis trativedetails
Charityname AysanewKassa Trust
Othername the charity uses
Registered charity number 1090931
Charity'sprincipal address Flat1,CliffordLodge
BibsworthRoad
London N3 3RS

me sof the charity tr usteeswhomanage thecharity
Trusteename Office (ifany) Datesactedifnotfor whole
year		 Nameof person (orbody)entitled
to appoint trustee(ifany)
1 J.Bailey Chair
2 T.Gough
3 C. Williamson
4 M. Worku
5 P. Servini
6 D. Servini Treasurer
7
8
I
10
11
12
13
14
15
16
17
18
19
2A
Funds heldascustodian trustees onbehalfof others Funds heldascustodian trustees onbehalfof others
Descriptionoftheassets N/A
heldinthiscapacity
Name and objects of the
charity onwhosebehalfthe
assets are heldandhowthis
falls withinthecustodian
charity'sobjects
Detailsofarrangementsfor
safe custqdyand
segregation ofsuchassets
fromthe charity'sown
assets

Namesand addresses of ad visers (Option
Typeof Name Address
adviser

Signature(s)
Fullname(s)		 Qrr-r,Q:-L,-
--o€,^,J.uq		 J)SLiu*r.'
DAN\fL		 Senvrti"l
Position(egSecretary,
Chair, etc)		 --.-j ".-ltc.$nr"-:t.r-
Date z\
o<
Ld2I

oo
oZ
Recommendedcategoriesby
activity		 ooc(Ep
3(,		 Unrestricted
funds
E		 Restricted
income
funds
f		 Endowment
iunds
€		 Totaifunds
€		 Prioryear
iunds
f
lncoming resources(Note3) F01 F02 F03 F04 F05
lncome and endowmentsfrom:
Donations and legacies s01 36,653 6,240 42,893 68,580
Charitable activities s02
Other trading activities s03
lnvestments s04
Separatematedalitemofincorne so5
Other s06
Total s07 36,653 6,240 42,893 68,580
Resourcesexpended(Note6)
Expenditure on:
Raisingfunds s08 288 288 385
Charitabte activities s09 31,590 13,190 44,780 29,908
Separate material itemofexpense slo
Other s11 495 495 470
Total s12 32,373 13,190 45,563 30,763
Netincome/(expenditure) before investment
gainsl(losses) s13 4,280 6,950 2,670 37,817
Netgains/(losses)on investments s14
Netincome(expend iture) sr5 4,280 6,950 2,670 37,817
Extraordinary items s16
Transfersbetweenfunds s17
Otherrecognised gains(losses):
Gainsand lossesonrevaluationoffxedassetsforthe charity's own use s18
Othergains/(losses) s19
Netmovementin funds s20 4,280 6,950 2,670 37,817
Reconciliation offunds:
Total funds brought forward s21 38,621 38,061 76,682 38,865
Totalfunds carriedforward s22 42,901 31,111 74,012 76,682

Balan
SectionB		 ce sheet
ao
oz
oo Restricted
p
3o		 Unrestricted
funds
f		 income
funds
f		 Endowment
funds
€		 Totalthis
year
g		 Totallast
year
€
Fixed assets F01 F02 F03 F04 F05
(Note15)
(Note14)
(Note{6)
lntangibleassets
TangibleasseG
Heritage assets		 Bo1
Bo2
Bo3
(Note{7)
Totalfixedassefs
lnvestments		 Bo4
Bo5
Gurrentassets
Stocks
(Note18)		 806
Debtors
(Note{9}
lnvestrnents
(Note17.4)
Cashatbank andinhand (Note24)
Totalcurrenfassefs		 Bo7
BoB
Boe
B1o		 3,000
4U,251
43,251		 31,11'l
3'l ,111		 3,000
t1,3tj2
/4,3b:2		 2,495
74,537
77,032
Creditors:amountsfallingduewithin
oneyear
(Note20)		 811 350 350 350
Netcurrentassets/(liabiIiti es) 812 42,W1
Iotalassefslesscurrentliabilities 813 42,VU-I @l
Creditors:amountsfallingdueafter
oneyear
(Note20)		 814
Provisionsfor liabilities 815
Totalnetassefsorliabilities 816 42,901 31,111 74,012 76,682
Fundsof the Charity
Endowment funds(Note27) 817
Restrictedincomefunds(Note27) 818 31,111 31,111 38,061
Unrestricted funds 819 42,901 42,901 38,621
Revaluationreserve B,20
Totalfunds B,21 42,9U1 31,111 t4,v1't 76,682
Signedbyone or two trusteesonbehalf of all Dateof
the trustees Signature Print Name approval
dd/mm/ww
U,,^6;-L-
l;
t,*/		 5E*nl
DftNrfL		 BnileY
St-tvrn{t		 2t1.,4'
LU'
2 t
tr
I
I
q{ l'ro-
tavc

Recognitionofincome These are includedintheStatement of FinancialActivities(SoFA)when:
.
the charity becomes entitled totheresources;
.
it is more likely thannotthat the trusteeswillreceive the resources; and
.
themonetary value can be measured with sufficient reliability.		 3l No N/a
There has been no offsetting of assetsandliabiliues, or income and expenses, unless requiredor Yes No N/a
Offsetting permittedbythe FRS102 SORP or FRS102.
No N/a
Grants and donations are only includedinthe SoFA when thegeneralincome recognition
Grants anddonations criteria are met (5.10to5.12 FRS102 SORP).
ln the case ofperformancerelatedgrants,income must only be recognisedtotheenent Yes No N/a
that the charity hasprovidedthe specifiedgoodsor services as entitlementtothegrant
only occurs when the performance related conditions are met(5.16FRS 102 SORP).
Legacies Legacies are includedintheSOFAwhenreceipt isprobable,that is, when there has YeS No N/a
beengrantofprobate,the executors have estabtished that there are sufticient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Governmentgrants The charity has received government grantsinthereportingperiod No N/a
Tax reclaims on donations
andgifts		 GiftAidreceivable is includedinincome when thereisavaliddeclarationfromthe donor.
AnyGift Aid amount recovered on a donation is considered to bepartofthatgiftand is
treated as an addition to the same fund as the initial donation unless the donor or the		 Yes No N/a
terms of the appeal have specified otherwise.
Contractual income and
performance related		 Thisisonly includedinthe SoFA once the charity hasprovidedthe relatedgoodsor
services or mettheperformancerelated conditions.
grants
Donatedgoods Donatedgoodsare measured at fairvalue(theamount ior which the asset could be
exchanged) unless impractical to doso.		 II No N/a
/
The costofany stock of goods donated for distribution to beneficiaries is deemed to be
the fair valueofthosegiftsat the timeoftheir receipt and they are recognised on receipt.
Inthe reporting periodinwhich the stocks are distributed, they are recognised asan
expenseatthe carrying amountofihestocks at distribution.		 Yes
iII		 No N/a
Donated goodsforresale are measuredatfair value on initial recognition, whichisthe
expectedproceedsfrom sale less the expected costs of sale,andrecognised in'lncome
from other tradingactivities'withthe corresponding stock recognisedinthebalance		 Yes No N1a
sheet.On its sale the value of stockischarged against'lncomefrom other trading
activities' and theproceedsfromsale are also recognised as'lncomefrom other trading
activities'.
Yes No Nla
Goods donated for on-going usebythe charity are recognised as tangiblefixed assets
and includedintheSoFA as incoming resources when receivable.
No N/a
Gifis in kindtoruse by the charity are included intheSoFAasincome from donations
when receivable.
Donated services and
facilities		 Donated services and facilities are included in the SOFAwhenreceivedatthe vatueof
thegiftto the charityprovidedthe value of thegiftcan be measured reliably.		 II No
Donated services and facilities that are consumed immediately are recognisedas in@me No N/a
with an equivalent amount recognised as an expense under the appropriateheadingin
the SOFA.
No N/a
Suppoit costs The charity has incuned expenditure on support costs.
Yes No N/a
Volunteer help The value of any voluntary help received is not includedinthe accounts butisdescribed
inthe trustees' annual report.
lncomefrominterest, This is includedinthe accountswhenreceipt isprobableand the amount receivable can
royalties anddividends bemeasured reliably.
lncomefrom membership
subscriptions		 Membership subscriptions receivedinthenature of agiftare recognised in Donations
and Legacies.
Membership subscriptions whichgivesa member the right to buy services or other
benefits are recognised asincomiearned fromtheproiisionotgooosand servicesas
income from charitable activities.
SG*l,ementofiflsurance
claims		 Insurance claims are only included in the SoFA when thegeneralinmmerecognition
criteria are met(5.10to 5-12FRSl02SORP) and are included as anitemof other
incomeinthe SoFA.
lnvestmentgainsand
Iosses		 This includes any realised or unrealisedgainsor losses on the sale of investrnents and
any gain orlossresultingfromrevaluing investmentstomarket value at the endofthe
year.
lnvestmentgainsand
Iosses		 This includes any realised or unrealisedgainsor losses on the sale of investrnents and
any gain orlossresultingfromrevaluing investmentstomarket value at the endofthe
year.
2.3 EXPENDITURE AND LIABILITIES
Liabilityrecognition Liabilities are recognised where it is more likely than not that thereisa legalor
constructive obligation committing the charity topayout resources and the amountofthe
obligation can be measured with reasonable certainty.
Governanceandsupport
costs		 Support costs have been allocated bet\ireengovemancemstsand other support.
Governance costs comprise all costs involvingpublicaccountability of the charity and its
compliancewithregulation andgood practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocatingpropertycosts
byfloor areas, or per capita, staff costsbythe time spent and other costsbytheirusage.
Grantswithperformance
conditions		 Where the charitygivesagrantwith conditions for itspaymentbeing a specific levelof
service or output to be provided, suchgrantsare onlyremgnisedintheSoFA once the
recipientofthegranthasprovidedthe specified service or output.
Grantspayablewithout
performanceconditions		 Where there are no conditions attaching to thegrantthat enables the donor charityto
realistically avoid the @mmitment, a liability for the full funding obligation must be
recognised.
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary assetswithhistoric, artistic,
scientific, technological,geophysicalor environmentalqualitiesthat areheldand
maintainedprincipallyfor their contribution to knowledge andculture.The depreciation
rates and methods used as disclosed in note9.6.1 .4.
They are valued at cost.
lnvestments Fixed asset investments inquotedshares, traded bonds and similar investments are
valued at initially atcostand subsequentlyatfairvalue(their market value)attheyear
end.The same treatmentisapplied to unlisted investments unless fair value cannot be
measured reliablyinwhich case itismeasuredatcost less irnpairment-
lnvestments held for resale or pending their sale and cash and cash equivalents with a
maturity date of lessthan1yearare treated ascurentasset investments
Stocks and rvork in Stocks held for sale aspartof non-charitable trade are measuredatthelower or cost or net
progress realisable value.
Goods or servicesprovidedaspartof a charitable activity are measured at net realisable value
based on the servicepotential providedbyitems of stock.
SectionC
Note3		 Notesto the acco
Analysis of income		 unts (con t)
Restricted
Unrestricted income Endowment
funds fund$ funds Totalfunds Prioryear
€f
Donations Donations andqifts 23,651 6,240 29,891 20,524
and legacies: GiftAid 3,000 3,000 2,495
Legacies 10,002 10,002
General grants providedbygovernmenVother
charities 45,561
Membership subscriptions and sponsorships
which areinsubstance donations
Donatedqoods,facilitiesandservices
Other
Total 36,653 6,240 42,893 68,580
Charitable
activities:
Other
Othertrading
activities:
Other
lncornefrom lnterest income
investments: Dividend income
Rental and leasino income
Other
T,
Separate
material item
ofincome:
Other; Conversionofendowment funds into income
Gainondisposalof atangible fixed assetheld
for charity's own use
Gain on disposalofaprogramme related
investment
Royaltiesfrom the exploitation of intellectual
property riqhts
Other
Tota
TOTALINCOME 36653 42 893

Note6
Analysis of		 expenditure
This year Last year
Restricted
UnrestrictedRstdcted Endowment Unrestricted income Endowment
Analysis funds incomefunds funds Totalfunds funds tunds tunds Total funds
funds:
on		 € €
lncurred seeking donations 288 288
lncurred seeking legacies
lncurred seeking grants
Operating membership schemesand
social lotteries
Staging fundraising events
Fudraising agents
Operating charity shops
Operatingatrading company
undertaking non-charitable trading
activity
Advertising, marketing, directmail and
oublicitv
upcosts incunedingenerating
newsourceoffuture income
Database development costs
Other trading activities
lnvestment managementcosts:
Portfolio manaoement costs
Costofobtaining investment advice
lnvestment administration costs
lntellectual property licencing costs
Rentcollection, property repairs and
maintenance charges
Total expenditure on raisingfunds 288 288 385
Expenditure on charitable activities:
31,590 13,190 44,780 29,908
Total expenditure on charitable
activities 31,590 13,190 44,780 29,908
material itemof
Total
Other
lndependent examination 350 350 350
Bank charoes 145 145 120
other expenditure 495 495 470
TOTAL EXPENDITURE 32,373 13,190 45,563 30,378

This year veaf
Activity or programme Activitics
undertaken
directlv		 Grant
funding of
activities		 Support
Costs		 Totalthis
year		 Activities
undertaken
directlV		 Grant
funding of
activities		 Support
Costs		 Total last
year
€ f e e f, € E E
Activity 1
Activity 2
Other
TOTAI

Note10
Detailsof certainitemsof expenditure
10.1 Feesfor examinationof theaccounts
Pleaseprovidedetailsoftheamountpaid for any statutoryexternalscrutinyof
accountsand otherseruices provided byyour independent examiner. lf nothing
was paidpleaseenter'0'intheappropriatebox(es).
This year
t		 Last year
f
lndependent examiner'sfees 350 350
Assuranceservicesotherthan audit or independent examination
Taxadvisoryfees
Other fees(forexample:financialadvice, consultancynaccountancy services)paid
to the independent examiner

Note{9
Debtors andprepayments
Please completethisnoteifthecharityhasany
debtorsorprepayments.
Thisyear Last year
€ €
3,000 2,875
3,000 2,875
This year Last year
€ €
Total

Note 24 Cash at bankandin hand
This year Lastyear
€ t
Short term cashinvestmenb(less than3months maturitydate)
Sfiort term deposits
Cash atbank and on hand 71,362 74,537
Other
Total 11,36;,l II,C,5t
S
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Section A
I		 ndependent Examiner's Report
Report to thetrustees/
membersof		 AYSANEWKASSATRUST
Onaccountsforthe year 31AUGUST2O2O
Charityno
1090931
ended (ifany)
Setoutonpages
1to35
Ireporttothetrusteeson myexaminationoftheaccounts oftheabove
charity("the Trust") forthe yearended31August202A.
Responsibilitiesand Asthecharity's trustees,youare responsible forthepreparationofthe
basisofreport accounts in accordance withtherequirements ofthe Charities Act2011
("theAct").
Ireport in respect of myexaminationoftheTrust'saccounts carried out
undersection145of the2011Act andincarryingoutmyexamination,I
havefollowedalltheapplicable DirectionsgivenbytheCharityCommission
undersection145(5Xb) of theAct.
lndependent Ihave completed myexamination.Iconfirmthatno material matters have
examiner'sstatement cometomyattentioninconnection with theexamination(other than that
disclosedbelow*)which givesme causetobelievethatin,anymaterial
respect:
etheaccounting recordswerenot keptinaccordancewith section130
oftheCharitiesAct; or