## **East African Education Foundation**
## **Report of the Trustees for the year ended 31 March 2023**
## **Structure, Governance and Management Governing document**
East African Education Foundation is constituted as a charitable organisation (Association) registered with the Charity Commission on 8 April 2003 under charity number 1096912.
## **Organisational Structure**
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet together as a body monthly and are responsible for all decisions taken in relation to the running of this organisation and the activities provided by the charity. To assist in the running of the activities, an organisational structure is in place that appoints lead trustees who are supported by other trustees or members of the community (volunteers) that help oversee different aspects of the charity’s work. There are lead trustees for finance, education, sports, cultural activities, women and children and public relations.
## **Recruitment and appointment of Trustees**
Trustees are elected at the Annual General Meeting (AGM). They should be active members of the community and fulfil all criteria set for the post they are applying. New trustees are inducted and required to familiarise themselves with contents of the trusts constitution and to the policies and procedures adopted by our charity. They are also required to read publications from the Charity Commission to ensure that they are aware of their responsibilities under the Charities Act. The following are the Trustees of the organisation:
|1. Nasssor Haroub|Chair|
|---|---|
|2. Dr Mohammed Salim|Secretary|
|3. Salim Jumbe Mawengu|Deputy Secretary|
|4. Hafidh Karama|Treasurer|
|5. Abubakar Hamad|Member|
|6. Abdalla Ali|Member|
|7. Abdalla Jafar|Member|
|8. Tahir Abdalla|Member|
## **Risk management**
The trustees have assessed the risks the charity faces and have drawn up a matrix which identifies the major risks and likelihood of those risks happening and the measures taken to manage them. The trustees review this matrix regularly and develop systems to manage the risks that have been identified. DBS checks are done for all trustees and for those who work with children or vulnerable groups in different aspects of the work of the organisation.
## **Objectives**
To advance education amongst people of East African descent in particular but not exclusively by the provision of language courses, homework clubs, and assistance with assessing sources of education and training
1
To advance the education of the public on East African culture
To relieve needs amongst people of East African descent in particular by assisting in interpretation and translation services
Top preserve and protect health by provision of seminars, conferences and sports
## **Strategies**
Our activities are widely advertised and are open to all in our local community. Most of our activities are free and supported by donations and volunteers. Measures are in place to make sure equal opportunities policies are implemented to enable equal access to all irrespective of their beliefs, faiths, gender, sexuality, ability, age, colour or race.
## **Use of volunteers**
Volunteers are an important resource in all of our activities. They are involved in most of our community activities and we have 15 people who regularly participate and devote their time in implementing our plans and activities. Recruitment of volunteers follows strict guidelines to make sure they are safe to the people they serve. All volunteers undergo DBS checks, receive training and supervision and their work recorded. They also receive support and advice from the management in achieving their own goals such as work experience or references towards employment or further training etc).
## **Activities and Achievements**
The charity carries out a wide range of activities in pursuance of its charitable aims and objectives.
## **Principal Funding sources**
The charity’s main source of income is from donations. Various fundraising activities are organised and taking place around the year. We also receive grants from organisation based in the UK. In this financial year we received funding from the following donors: British Science Association (BSA), Dying Matters, ASDA Foundation and Magic Little Grants. We are grateful for the donations received that enabled our organisation to deliver different services to our users.
The activities, summarised below provide benefits both to those who attend our sessions and events and to those who contact us by different means such as telephone, emails or letters.
**Seminars:** Different seminars on health and wellbeing are delivered free to interested community members living locally and beyond through zoom. They cover heath issues that are prevalent in the surroundings they live or among our community members. Other topics are delivered as preventative measures to avoid people getting ill. We work with statutory and voluntary sectors in delivering these seminars. In this financial year, we delivered the following seminars.
**COVID -19:** With support from British Science Association, we raised awareness on COVID-19 and also conducted research on ‘ **COVID-19 vaccine hesitancy within the East Africans community in East London’.** Vaccine hesitancy that has been reported among some communities in the UK is a major concern to COVID-19 vaccination programme. The
2
aim of the research was to examine the attitude towards COVID-19 vaccination within the East African community living in east London. The objectives were: 1) To investigate the perception of COVID 19 and COVID-19 vaccination 2) To understand the factors that contribute to hesitancy for the vaccination in this population group. Results of this research indicated that 73 people out of 95 (77%) reported to have been vaccinated for COVID-19. 53 out of 73 had two doses and 20 had three doses. However, there is a strong hesitancy to vaccination that is contributed by a variety of factors. The hesitancy is more among younger population. With the relaxation of control measures the hesitancy has increased for both initial and booster doses.
_**Conclusion:**_ Although in this community there is a strong hesitancy to vaccination, a high proportion of people are reporting to have vaccinated to be able to survive during the pandemic period when the strong control measures were in place. With the relaxation of control measures the number of people going for initial and booster vaccinations is low.
_**Recommendations**_ : The Government and health sector in collaboration with the community and religious leaders and health professionals from this community should come up with programmes to counter COVID-19 vaccine misinformation and build trust which is low at the moment. To increase acceptance, the campaigns should focus on providing information about the dangers of COVID-19, the reasons for multiple jabs, reasons of re-infection even for those who have already been vaccinated. The involvement of community groups, community leaders that are closer to the people, use of health professionals from within the community and materials in lingua franca of east Africa (Swahili) is highly recommended for the purpose of building trust and answering questions that may arise. Future research is needed to identify the most appropriate channels of communication that are more accepted and accessible for this community.
Other topics covered in this year are cancers, diabetes, drug misuse, high blood pressure and cardiovascular diseases. Our main partner in health seminars is TUHEDA (Tanzania Healthcare Diaspora Association) and the local NHS Trust.
**Food Bank** : This was initiated in response to the hardship that resulted from COVID-19 pandemic. We are part of Barking and Dagenham Food bank network comprising of 15 organisations. In this financial year with less funding, we were able to support fewer people than last year.
**Education & Training:** STEM project: This project is a continuation of projects that were previously supported by British Science Association. A total of 45 young people took part in this initiative in this financial year. Another important event in this financial year was a workshop that was organised for parents to discuss ways of supporting their children who are preparing for A level exams and University places. 56 parents took part and a number of issues were raised indicating that many parents need on-going support to enable them to effectively support their children to achieve good results in their education. We agreed to continue these discussions on on-going basis with the aim of providing information and support for parents and their children.
**Events:** We normally hold events to raise awareness on national issues such as breast cancer
3
Awareness, Men’s Health, Smoking Cessation, etc.
**Partnership Working:** We work closely with other organisations (statutory and charities) to deliver our services more effectively. This exercise also saves cost by sharing skills and resources **.**
**Community participation:** We involve community members in all aspects of our activities from need assessments, planning, implementation, monitoring and evaluation. In this way the community has a say in the way we work and develop.
**Festivals:** Special community festivals are organised around the year and are celebrated to keep in line with the cultural heritage of our members. They are open to all members of the community. They promote integration and understanding among our members with other communities.
**Sports** _:_ We organise and support adult and young people to take part in different sports. The most common is football. Our football team takes part in friendly matches with other communities in different parts of the country _._ In this financial year we also took part in a marathon event that was aiming at raising fund for our organisation and other participating organisations during different charitable work. It also provided a good opportunity to network with organisations that attended the event mainly from East London.
**Exchange visits:** Exchange visits are conducted regularly with other communities in different parts of the United Kingdom to promote friendship and awareness of other cultures.
## **Financial review Reserves policy**
The trustees have reviewed the reserves of the charity. The recent acquisition of the building at 949 Green Lane, Dagenham, RM8 1DJ means that our organisation will have the facility to deliver most of above activities at that premises.
## **Investment policy and objectives**
Our cash reserves are held in the bank and deposit accounts.
## **Plans for future periods**
There is a need to expand our activities due to the increase of people utilising our services. There are new challenges emerging from the changing way of life in education, health and culture. The involvement of different sectors of the community is important in making sure that the developed plans are inclusive and relevant to our service users.
## **Statement of Trustees’ responsibilities**
The charity trustees are responsible for preparing a good quality annual report and financial statements in accordance with applicable law and Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that
4
period. In preparing the financial statements, the trustees are required to follow the following principles:
- select suitable accounting policies and standards and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements, decisions and estimates that are reasonable and justifiable;
- prepare financial statements of the charity on the going concern basis unless where it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper and correct accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity Regulations. They are also responsible for safeguarding all assets of the charity and taking reasonable steps to prevent and detection of fraud and other irregularities.
This report has been approved by the trustees of East African Education Foundation and signed on its behalf by:
## **Dr Mohammed Salim (Secretary) 20 July 2023**
5
Registered number 1096912
East African Education Foundation
Report and Accounts
31 March 2023
## **East African Education Foundation**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the year ending 31 March 2023**
Income & Expenditure Account
|**Note**
**Incoming Resources**
Incoming resources from generated funds:
_Voluntary income_
3
_Activities for generating funds_
4
**Total incoming resources**
**Resources Expended**
Cost of generating voluntary income
Charitable activities
7
Governance Cost
8
**Total resources expended**
**Net incoming resources /**
**(resources expended) before**
**transfers**
Transfers between Funds
**Net movement of funds in year**
**Net income / expenditure**
**for the year**
**Total Funds brought forward**
**Total Funds at 31 March 2023**
13|**Restricted**
**Funds**
**2023**
**£**
-
-
**-**
-
-
-
-
**-**
-
-
**-**
67,194
67,194|**Unrestricted**
**Funds**
**2023**
**£**
38,434
59,686
**98,120**
-
34,015
450
34,465
**-**
-
63,655
**63,655**
703,012
766,667|**Total**
**Total**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**38,434**
67,549
**59,686**
14,500
**98,120**
82,049
**-**
10,904
**34,015**
42,205
**450**
450
**34,465**
53,559
**-**
**-**
-
-
**63,655**
28,490
**63,655**
**28,490**
770,206
741,716
833,861
770,206|
|---|---|---|---|
## **East African Education Foundation**
## STATEMENT OF FINANCIAL ACTIVITIES
## **Balance Sheet as at 31 March 2023**
|**2023**
**Note**
**£**
**Fixed Assets**
Land & Building
10
754,028
**Current Assets**
Cash at Bank and in Hand
11
114,662
**Creditors:**Amounts falling due
within one year
12
34,829
**Net Current Assets**
**Net Assets**
**Charity Funds**
Restricted Funds
13
Unrestricted Funds
13|**2022**
**£**
**£**
754,028
754,028
114,662
47,857
868,690
34,829
31,679
79,833
833,861
67,194
766,667
833,861|**£**
754,028
47,857|
|---|---|---|
|||801,885
31,679|
|||16,178|
|||770,206|
|||67,194
703,012|
|||770,206|
## **East African Education Foundation**
## **Notes to the Financial Statements**
**For the year ended 31 March 2023**
## **Note 1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
## **1.2 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { 1.1 }.
## **Note 2 Accounting policies**
## **2.1 INCOME**
|**Recognition of**|These are included in the Statement of Financial Activities (SoFA)|
|---|---|
|**income**|when:|
||• the charity becomes entitled to the resources;|
||· it is more likely than not that the trustees will receive the resources; and|
||• the monetary value can be measured with sufficient reliability.|
|**Offsetting**|There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the
FRS 102 SORP or FRS 102.|
|**Grants and**|Grants and donations are only included in the SoFA when the general income recognition criteria are met.|
|**donations**||
||In the case of performance related grants, income must only be recognised to the extent that the charity has|
||provided the specified goods or services as entitlement to the grant only occurs when the performance related|
||conditions are met .|
|**Legacies**|Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the|
||executors have established that there are sufficient assets in the estate and any conditions attached to the legacy|
||are either within the control of the charity or have been met.|
|**Government grants**|The charity has received government grants in the reporting period|
|**Tax reclaims on**
**donations and gifts**|Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount
recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the
initial donation unless the donor or the terms of the appeal have specified otherwise.|
|**Contractual income**
**and performance**
**related grants**|
This is only included in the SoFA once the charity has provided the related goods or services or met the
performance related conditions.|
|**Donated goods**|Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless
impractical to do so.|
||The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts|
||at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are|
||distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.|
||Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from|
||sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the|
||corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income|
||from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading|
||activities'.|
||Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA|
||as incoming resources when receivable.|
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
|**Donated services**|Donated services and facilities are included in the SOFA when received at the value of the gift to the charity|
|---|---|
|**and facilities**|provided the value of the gift can be measured reliably.|
||Donated services and facilities that are consumed immediately are recognised as income with an equivalent|
||amount recognised as an expense under the appropriate heading in the SOFA.|
|**Support costs**|The charity has incurred expenditure on support costs.|
|**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual
report.|
|**Income from**||
|**interest, royalties**|This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.|
|**and dividends**||
|**Income from**||
|**membership**|Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.|
|**subscriptions**||
||Membership subscriptions which gives a member the right to buy services or other benefits are recognised as|
||income earned from the provision of goods and services as income from charitable activities.|
|**Settlement of**|Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12|
|**insurance claims**|FRS 102 SORP) and are included as an item of other income in the SoFA.|
|**Investment gains**|This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting|
|**and losses**|from revaluing investments to market value at the end of the year.|
|**2.2 EXPENDITURE**|**AND LIABILITIES**|
|**Liability**|Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing|
|**recognition**|the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.|
|**Governance and**|Support costs have been allocated between governance costs and other support. Governance costs comprise all|
|**support costs**|costs involving public accountability of the charity and its compliance with regulation and good practice.|
||Support costs include central functions and have been allocated to activity cost categories on a basis consistent|
||with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent|
||and other costs by their usage.|
|**Grants with**|Where the charity gives a grant with conditions for its payment being a specific level of service or output to be|
|**performance**|provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified|
|**conditions**|service or output.|
|**Grants payable**|Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the|
|**without**|commitment, a liability for the full funding obligation must be recognised.|
|**performance**||
|**conditions**||
|**Redundancy cost**|The charity made no redundancy payments during the reporting period.|
|**Deferred income**|No material item of deferred income has been included in the accounts.|
|**Creditors**|The charity has creditors which are measured at settlement amounts less any trade discounts|
|**Provisions for**|A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of|
|**liabilities**|the amount required to settle the obligation at the reporting date|
|**Basic financial**|The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 102 SORP.|
|**instruments**|Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP.|
**2.3 ASSETS Tangible fixed** These are capitalised if they can be used for more than one year, and cost at least **assets for use by** They are valued at cost. **charity**
The depreciation rates and methods used are disclosed in note 7.
**Intangible fixed** The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are **assets** identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15
They are valued at cost.
**Investments** Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments **Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. **progress** Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. **Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **3 Voluntary Income**
|**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Donation
-
31,687
Grants
-
6,747
**-**
**38,434**
**4 Activities for generating funds**
**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Rent & hall hire
**-**
27,350
Fund Raising
-
32,336
**-**
**59,686**
**5 Incoming resources from charitable activities**
**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**Faith and Worship:**
**£**
**£**
Literature Sales
-
-|**Total**
**Funds**
**2023**
**£**
31,687
6,747
**38,434**
**Total**
**Funds**
**2023**
**£**
27,350
32,336
**59,686**
**Total**
**Funds**
**2023**
**£**
-|**Total**
**Funds**
**2022**
**£**
49,029
18,520|
|---|---|---|
|||67,549|
|||**Total**
**Funds**
**2022**
**£**
14,500
**-**|
|||14,500|
|||**Total**
**Funds**
**2022**
**£**
-|
## **6 Other incoming resources**
|Rental Income
Other|**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
-
-
-
-
**-**
**-**|**Total**
**Funds**
**2023**
**£**
-
-
**-**|**Total**
**Funds**
**2022**
**£**
-|
|---|---|---|---|
||||**-**|
## **7 Analysis of charitable expenditure**
|Accountancy fees
Printing and Postage
Internet/Phone
Motor Expenses
Equipment Costs
Insurance
Legal fees
Professional fees
Software
Consultancy Fee
Rent & Rates
Volunteers
Charitable Activities
Utility
Travel, Trips and Outing
Other
Administration costs|**Direct**
**Charitable**
**Activities**
**£**
450
170
-
228
749
606
-
2,690
20
4,811
1,066
60
22,030
836
-
750
-
**34,465**|**2023**
**Total**
**£**
450
170
-
228
749
606
-
2,690
20
4,811
1,066
60
22,030
836
-
750
-
**34,465**|**2022**
**Total**
**£**
450
500
48
-
-
1,114
13,406
-
-
-
887
-
25,455
617
152
-
26|
|---|---|---|---|
||||42,655|
## **8 Net Incoming / (outgoing) resources**
This is stated after charging:
|Depreciation of tangible fixed assets
Accountant's remuneration|**2023**
**£**
-
450
**450**|**2022**
**£**
-
450|
|---|---|---|
|||450|
## **9 Taxation**
The organisation is a registered charity and no provision is considered necessary for taxation.
## **10 Tangible Fixed Assets**
|**Cost**
At April 2022
Additions
Disposal
At 31 March 2023
**Depreciation**
At April 2022
_Charge for the year_
Elimination on disposals
At 31 March 2023
**Net Book Value**
At 31 March 2023
At 31 March 2022
**11 Current Assests**
Prepayments
Cash in Hand & Bank|Free hold
Leasehold
Land Building
Land
**£**
**£**
754,028
-
-
-
-
754,028
-
-
-
-
-
-
-
-
-
754,028
-
754,028
-|Fixtures &
Equipment
Total
**£**
-
-
-
-
-
-
-
-
-
**2023**
**£**
-
114,662
**114,662**|**Total**
**£**
754,028
-
-|
|---|---|---|---|
||||754,028|
||||-
-
-|
||||-|
|||||
||||754,028|
||||754,028|
||||**2022**
**£**
-
47,857|
||||47,857|
**12[Creditors: ]**[(Falling due within one year)]
|**Creditors:**(Falling due within one year)|||
|---|---|---|
|Loan for the property
Accruals
Loan|**2023**
**£**
31,329
500
3,000
**34,829**|**2022**
**£**
31,329
350
-|
|||31,679|
|**13 Statement of funds**
**Unrestricted Funds**
General Funds
**Restricted Funds**
Fund Raising
Other
**Total Funds**|**Brought**
**Incoming**
**Forward**
**Resources**
**£**
**£**
703,012
98,120
-
-
67,194
-|**Resources**
**Expended**
**£**
34,465
-
-
**34,465**|**Carried**
**Forward**
**£**
766,667|
|---|---|---|---|
||||-
67,194|
||**770,206**
**98,120**||**833,861**|
## **Independent Examiner’s report to the trustees/directors of East African Education Foundation.**
I report on the accounts for the year ended 31 March 2023 which are set out on pages 2 to 9.
|**Respective**|The charity's trustees are responsible for the preparation of the accounts. The charity’s|
|---|---|
|**responsibilities**
**of**|trustees/directors consider that an audit is not required for this year under section 43(2) of the
Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my
responsibility to:|
|**trustees/Direct**|• examine the accounts under section 43 of the 1993 Act,|
|**ors and**|• to follow the procedures laid down in the general Directions given by the Charity Commission|
|**examiner**|(under section 43(7)(b) of the 1993 Act, and|
||• to state whether particular matters have come to my attention.|
|**Basis of**|My examination was carried out in accordance with general Directions given by the Charity|
|**independent**
**examiner’s**|Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from the trustees/directors|
|**statement**|concerning any such matters. The procedures undertaken do not provide all the evidence that would|
||be required in an audit, and consequently no opinion is given as to whether the accounts present a|
||‘true and fair’ view and the report is limited to those matters set out in the statement below.|
|**Independent**|In connection with my examination, no matter has come to my attention|
|---|---|
|**examiner's**|1. which gives me reasonable cause to believe that in, any material respect, the requirements:|
|**statement**||
||• to keep accounting records in accordance with section 41 of the 1993 Act; and|
||• to prepare accounts which accord with the accounting records and comply with the accounting|
||requirements of the 1993 Act|
||have not been met ; or|
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
25 May 2023
Olusola Olalekan Shokunbi FCCA Paul Victoria Accountants 2nd Floor, 134 South street, Romford, Essex RM1 1TE
Registered number 1096912
East African Education Foundation
Report and Accounts
31 March 2023
## **East African Education Foundation**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the year ending 31 March 2023**
Income & Expenditure Account
|**Note**
**Incoming Resources**
Incoming resources from generated funds:
_Voluntary income_
3
_Activities for generating funds_
4
**Total incoming resources**
**Resources Expended**
Cost of generating voluntary income
Charitable activities
7
Governance Cost
8
**Total resources expended**
**Net incoming resources /**
**(resources expended) before**
**transfers**
Transfers between Funds
**Net movement of funds in year**
**Net income / expenditure**
**for the year**
**Total Funds brought forward**
**Total Funds at 31 March 2023**
13|**Restricted**
**Funds**
**2023**
**£**
-
-
**-**
-
-
-
-
**-**
-
-
**-**
67,194
67,194|**Unrestricted**
**Funds**
**2023**
**£**
38,434
59,686
**98,120**
-
34,015
450
34,465
**-**
-
63,655
**63,655**
703,012
766,667|**Total**
**Total**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**38,434**
67,549
**59,686**
14,500
**98,120**
82,049
**-**
10,904
**34,015**
42,205
**450**
450
**34,465**
53,559
**-**
**-**
-
-
**63,655**
28,490
**63,655**
**28,490**
770,206
741,716
833,861
770,206|
|---|---|---|---|
## **East African Education Foundation**
## STATEMENT OF FINANCIAL ACTIVITIES
## **Balance Sheet as at 31 March 2023**
|**2023**
**Note**
**£**
**Fixed Assets**
Land & Building
10
754,028
**Current Assets**
Cash at Bank and in Hand
11
114,662
**Creditors:**Amounts falling due
within one year
12
34,829
**Net Current Assets**
**Net Assets**
**Charity Funds**
Restricted Funds
13
Unrestricted Funds
13|**2022**
**£**
**£**
754,028
754,028
114,662
47,857
868,690
34,829
31,679
79,833
833,861
67,194
766,667
833,861|**£**
754,028
47,857|
|---|---|---|
|||801,885
31,679|
|||16,178|
|||770,206|
|||67,194
703,012|
|||770,206|
## **East African Education Foundation**
## **Notes to the Financial Statements**
**For the year ended 31 March 2023**
## **Note 1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
## **1.2 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { 1.1 }.
## **Note 2 Accounting policies**
## **2.1 INCOME**
|**Recognition of**|These are included in the Statement of Financial Activities (SoFA)|
|---|---|
|**income**|when:|
||• the charity becomes entitled to the resources;|
||· it is more likely than not that the trustees will receive the resources; and|
||• the monetary value can be measured with sufficient reliability.|
|**Offsetting**|There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the
FRS 102 SORP or FRS 102.|
|**Grants and**|Grants and donations are only included in the SoFA when the general income recognition criteria are met.|
|**donations**||
||In the case of performance related grants, income must only be recognised to the extent that the charity has|
||provided the specified goods or services as entitlement to the grant only occurs when the performance related|
||conditions are met .|
|**Legacies**|Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the|
||executors have established that there are sufficient assets in the estate and any conditions attached to the legacy|
||are either within the control of the charity or have been met.|
|**Government grants**|The charity has received government grants in the reporting period|
|**Tax reclaims on**
**donations and gifts**|Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount
recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the
initial donation unless the donor or the terms of the appeal have specified otherwise.|
|**Contractual income**
**and performance**
**related grants**|
This is only included in the SoFA once the charity has provided the related goods or services or met the
performance related conditions.|
|**Donated goods**|Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless
impractical to do so.|
||The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts|
||at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are|
||distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.|
||Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from|
||sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the|
||corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income|
||from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading|
||activities'.|
||Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA|
||as incoming resources when receivable.|
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
|**Donated services**|Donated services and facilities are included in the SOFA when received at the value of the gift to the charity|
|---|---|
|**and facilities**|provided the value of the gift can be measured reliably.|
||Donated services and facilities that are consumed immediately are recognised as income with an equivalent|
||amount recognised as an expense under the appropriate heading in the SOFA.|
|**Support costs**|The charity has incurred expenditure on support costs.|
|**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual
report.|
|**Income from**||
|**interest, royalties**|This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.|
|**and dividends**||
|**Income from**||
|**membership**|Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.|
|**subscriptions**||
||Membership subscriptions which gives a member the right to buy services or other benefits are recognised as|
||income earned from the provision of goods and services as income from charitable activities.|
|**Settlement of**|Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12|
|**insurance claims**|FRS 102 SORP) and are included as an item of other income in the SoFA.|
|**Investment gains**|This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting|
|**and losses**|from revaluing investments to market value at the end of the year.|
|**2.2 EXPENDITURE**|**AND LIABILITIES**|
|**Liability**|Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing|
|**recognition**|the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.|
|**Governance and**|Support costs have been allocated between governance costs and other support. Governance costs comprise all|
|**support costs**|costs involving public accountability of the charity and its compliance with regulation and good practice.|
||Support costs include central functions and have been allocated to activity cost categories on a basis consistent|
||with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent|
||and other costs by their usage.|
|**Grants with**|Where the charity gives a grant with conditions for its payment being a specific level of service or output to be|
|**performance**|provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified|
|**conditions**|service or output.|
|**Grants payable**|Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the|
|**without**|commitment, a liability for the full funding obligation must be recognised.|
|**performance**||
|**conditions**||
|**Redundancy cost**|The charity made no redundancy payments during the reporting period.|
|**Deferred income**|No material item of deferred income has been included in the accounts.|
|**Creditors**|The charity has creditors which are measured at settlement amounts less any trade discounts|
|**Provisions for**|A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of|
|**liabilities**|the amount required to settle the obligation at the reporting date|
|**Basic financial**|The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 102 SORP.|
|**instruments**|Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP.|
**2.3 ASSETS Tangible fixed** These are capitalised if they can be used for more than one year, and cost at least **assets for use by** They are valued at cost. **charity**
The depreciation rates and methods used are disclosed in note 7.
**Intangible fixed** The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are **assets** identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15
They are valued at cost.
**Investments** Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments **Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. **progress** Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. **Debtors** Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **3 Voluntary Income**
|**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Donation
-
31,687
Grants
-
6,747
**-**
**38,434**
**4 Activities for generating funds**
**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
Rent & hall hire
**-**
27,350
Fund Raising
-
32,336
**-**
**59,686**
**5 Incoming resources from charitable activities**
**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**Faith and Worship:**
**£**
**£**
Literature Sales
-
-|**Total**
**Funds**
**2023**
**£**
31,687
6,747
**38,434**
**Total**
**Funds**
**2023**
**£**
27,350
32,336
**59,686**
**Total**
**Funds**
**2023**
**£**
-|**Total**
**Funds**
**2022**
**£**
49,029
18,520|
|---|---|---|
|||67,549|
|||**Total**
**Funds**
**2022**
**£**
14,500
**-**|
|||14,500|
|||**Total**
**Funds**
**2022**
**£**
-|
## **6 Other incoming resources**
|Rental Income
Other|**Restricted**
**Unrestricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
-
-
-
-
**-**
**-**|**Total**
**Funds**
**2023**
**£**
-
-
**-**|**Total**
**Funds**
**2022**
**£**
-|
|---|---|---|---|
||||**-**|
## **7 Analysis of charitable expenditure**
|Accountancy fees
Printing and Postage
Internet/Phone
Motor Expenses
Equipment Costs
Insurance
Legal fees
Professional fees
Software
Consultancy Fee
Rent & Rates
Volunteers
Charitable Activities
Utility
Travel, Trips and Outing
Other
Administration costs|**Direct**
**Charitable**
**Activities**
**£**
450
170
-
228
749
606
-
2,690
20
4,811
1,066
60
22,030
836
-
750
-
**34,465**|**2023**
**Total**
**£**
450
170
-
228
749
606
-
2,690
20
4,811
1,066
60
22,030
836
-
750
-
**34,465**|**2022**
**Total**
**£**
450
500
48
-
-
1,114
13,406
-
-
-
887
-
25,455
617
152
-
26|
|---|---|---|---|
||||42,655|
## **8 Net Incoming / (outgoing) resources**
This is stated after charging:
|Depreciation of tangible fixed assets
Accountant's remuneration|**2023**
**£**
-
450
**450**|**2022**
**£**
-
450|
|---|---|---|
|||450|
## **9 Taxation**
The organisation is a registered charity and no provision is considered necessary for taxation.
## **10 Tangible Fixed Assets**
|**Cost**
At April 2022
Additions
Disposal
At 31 March 2023
**Depreciation**
At April 2022
_Charge for the year_
Elimination on disposals
At 31 March 2023
**Net Book Value**
At 31 March 2023
At 31 March 2022
**11 Current Assests**
Prepayments
Cash in Hand & Bank|Free hold
Leasehold
Land Building
Land
**£**
**£**
754,028
-
-
-
-
754,028
-
-
-
-
-
-
-
-
-
754,028
-
754,028
-|Fixtures &
Equipment
Total
**£**
-
-
-
-
-
-
-
-
-
**2023**
**£**
-
114,662
**114,662**|**Total**
**£**
754,028
-
-|
|---|---|---|---|
||||754,028|
||||-
-
-|
||||-|
|||||
||||754,028|
||||754,028|
||||**2022**
**£**
-
47,857|
||||47,857|
**12[Creditors: ]**[(Falling due within one year)]
|**Creditors:**(Falling due within one year)|||
|---|---|---|
|Loan for the property
Accruals
Loan|**2023**
**£**
31,329
500
3,000
**34,829**|**2022**
**£**
31,329
350
-|
|||31,679|
|**13 Statement of funds**
**Unrestricted Funds**
General Funds
**Restricted Funds**
Fund Raising
Other
**Total Funds**|**Brought**
**Incoming**
**Forward**
**Resources**
**£**
**£**
703,012
98,120
-
-
67,194
-|**Resources**
**Expended**
**£**
34,465
-
-
**34,465**|**Carried**
**Forward**
**£**
766,667|
|---|---|---|---|
||||-
67,194|
||**770,206**
**98,120**||**833,861**|
## **Independent Examiner’s report to the trustees/directors of East African Education Foundation.**
I report on the accounts for the year ended 31 March 2023 which are set out on pages 2 to 9.
|**Respective**|The charity's trustees are responsible for the preparation of the accounts. The charity’s|
|---|---|
|**responsibilities**
**of**|trustees/directors consider that an audit is not required for this year under section 43(2) of the
Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my
responsibility to:|
|**trustees/Direct**|• examine the accounts under section 43 of the 1993 Act,|
|**ors and**|• to follow the procedures laid down in the general Directions given by the Charity Commission|
|**examiner**|(under section 43(7)(b) of the 1993 Act, and|
||• to state whether particular matters have come to my attention.|
|**Basis of**|My examination was carried out in accordance with general Directions given by the Charity|
|**independent**
**examiner’s**|Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from the trustees/directors|
|**statement**|concerning any such matters. The procedures undertaken do not provide all the evidence that would|
||be required in an audit, and consequently no opinion is given as to whether the accounts present a|
||‘true and fair’ view and the report is limited to those matters set out in the statement below.|
|**Independent**|In connection with my examination, no matter has come to my attention|
|---|---|
|**examiner's**|1. which gives me reasonable cause to believe that in, any material respect, the requirements:|
|**statement**||
||• to keep accounting records in accordance with section 41 of the 1993 Act; and|
||• to prepare accounts which accord with the accounting records and comply with the accounting|
||requirements of the 1993 Act|
||have not been met ; or|
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
25 May 2023
Olusola Olalekan Shokunbi FCCA Paul Victoria Accountants 2nd Floor, 134 South street, Romford, Essex RM1 1TE