## EDUKID 

REPORT OF THE TRUSTEES 

AND UNAUDITED FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 5 APRIL 2023 



EDUKID 

## REPORT OF THE TRUSTEES 

## FOR THE YEAR ENDED5 APRIL 2023 

The Trustees present their report with the financial statements of the Charity for the year ended 5 April 2023. 

## REFERENCE AND ADMINISTRATIVE DETAILS 

|Registered Charity Number:|1099058 (England and|Wales)|
|---|---|---|
|PrincipalAddress:|5 Hart Street, Bideford,|Devon EX39 2NB|
|Trustees:|B Duhig|(Chairman)|
||NWormington||
||AHardy|(Secretary)|
||M Kensett||
||A Watson||
|Chief Executive:|C Turner||
|independent Examiner:|Edward Meardon FCA||
||RT Marke & Co Ltd||
||69 High Street||
||Bideford||
||Devon||
||EX392AT||



## STRUCTURE, GOVERNANCE AND MANAGEMENT 

## Governing document 

The Charity is constituted and controlled by its governing document, a deedof trust. 

## Recruitment and appointment of trustees 

Trustees are appointed by resolution of the Trustees. 

## Organisational structure 

The Trustees are responsible for the strategic management of the charity, policy making and the monitoring of its work. The Trustees have delegated day to day operational management of the Charity to the Chief Executive. 

## Risk management 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

The trustees have considered the known risks to which the Charity is exposed and meet regularly to review these risks and keep updated the plans to minimise the impact on the Charity should any of[these][risks][materialise.] 

## OBJECTIVES AND ACTIVITIES 

## Objects of the Charity 

The objects of the Charity are to advance education and relieve poverty, working in accordance with Christian principles, whilst not imposing our views. 

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EDUKID 

## REPORT OF THE TRUSTEES 

## FOR THE YEAR ENDED 5 APRIL 2023 

## Activities of the Charity 

The Charity operates a UK Global Citizenship Schools programme to educate pupils on the issues of poverty. 

The Charity provides school packs and educational scholarships to those living in poverty in Cambodia, Peru and Uganda. 

The Charity provides further support to help break down the barriers to education in Cambodia, Uganda, Peru and Palestine. This includes therapy, IT and building classrooms. 

The Charity organises educational trips to Cambodia, Uganda and Peru. 

## Public Benefit Statement 

As trustees of the Charity we have complied with our duty under Charity Law to have due regard to guidance published by the Charity Commission on public benefit. 

As well as directly benefiting the children and young people to whom it provides education and financial support, the Charity benefits society as a whole by furthering education and ultimately reducing poverty in the countries in which it operates. 

## ACHIEVEMENT AND PERFORMANCE 

Edukid’s Global Citizenship Programme (GCP) for UK schools has now been granted affiliation with the Duke of Edinburgh Awards Scheme and we have launched our own Junior School Awards Programme. As a consequence many more schools have now joined the GCP and this in turn has led to more support for our overseas programmes. 

We have also been able to secure very significant funding towards our student overseas trips. This in turn has seen a huge increase in turnover. The trips link into our GCP and we therefore feel the quality of our work and the impact on the UK students we connect with has significantly developed. 

In these accounts there is no payment to our Peru overseas programme. This is entirely due to a change in transfer dates and consequently the following years accounts will reflect this. 

Around 2,600 children in Uganda, Cambodia, Peru and Palestine are supported in education or therapy through the work of Edukid. 

Four Cambodian students graduated successfully during the year. 

Three students in Uganda have university scholarships. 

Around 200 children in Gaza attend the Days of Joy programme that offers up to 10 psychosocial sessions to children suffering from the trauma ofconflict. In the forthcoming year funding will reduce slightly for Days of Joy, but widen to help other countries in conflict, thereby enabling Edukid to share more stories in their GCP. 

Around 30,000 children in the UK are involved in Edukid’s UK schools programme. 

## FINANCIAL REVIEW 

The Charity reported a deficit of income over expenditure of £53,125 on unrestricted funds not designated for specific purposes in the year. Unrestricted funds stood at £3,667 at 5 April 2023. 

It is the policy of the Charity to maintain unrestricted reserves at a level which will enable it to continue operating in the event ofa short-term drop in funding. The Trustees consider the current level of free cash reserves to be sufficient for this purpose. 

2 



. 

## EDUKID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023 

The Trustees have established Designated Funds as follows: 

## Growth Fund 

A sum of £76,000 remains from a legacy received in a previous year which was set aside to allow the Charity to grow sustainably over the next few years. 

## Cambodia Project Commitment Fund 

A sum of £30,000 has been set aside to ensure that the Schools project in Cambodia can continue in the event of a short term drop in funding. This is based on the likely costs of support funding for a 12 month period. 

## Uganda Project Commitment Fund 

A sum of£60,000 has been set aside to ensure that the Schools project in Uganda can continue in the event of a short term drop in funding. This is based on the likely cost of support funding for a 12 month period. 

## Palestine Project Commitment Fund 

This specific project comes to an end at the end of this financial year, due to Edukid broadening it’s support to more countries in conflict. 

## Peru Project Commitment Fund 

A sum of £25,000 has been set aside to set up a new schools project in Peru and ensure that it can still launch in the event ofa short term drop in funding. 

## Uk Contingency Fund 

A sum of £20,000 has been set aside to ensure our UK work can continue for a three month period in the event of a short term drop in funding. 

## STATEMENT OF TRUSTEES RESPONSIBILITIES 

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 require the trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to 

- e select suitable accounting policies and then apply them consistently; 

- e observe the methods and principles in the Charity SORP; 

- e make judgements and estimates that are reasonable and prudent; e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records which 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## On behalf of the Board fon 

3 



INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EDUKID 

## FOR THE YEAR ENDED5 APRIL 2023 

I report to the trustees on my examination of the accounts of Edukid for the year ended 5 April 2023 which are set out on pages 

5 to 12. 

Responsibilities and basis of report : 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Trustees’ accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

Independent examiner's statement 

1 have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

- (2) the accounts do not accord with those records; or 

- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Edward Meardon FCA 

Member of the Institute of Chartered Accountants in England and Wales 

R T Marke & Co Ltd 69 High Street Bideford Devon EX39 2AT 

x Date: . wea June 1075 

4 



EDUKID 

## BALANCE SHEET 

## AT 5 APRIL 2023 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Restricted|Total|Total|
|Funds|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|5|1,533|-|1,533|2,262|
|CURRENT ASSETS|
|Cash|at|bank|and|in|hand|183,933|5,641|189,574|208,469|
|Debtors|79,204|-|79,204|1,189|
|CREDITORS|
|Amounts|falling|due|within|one|year:|
|Accruals|and|deferred|income|6|(50,003)|-|(50,003)|(800)|
|NET CURRENT ASSETS|213,134|5,641|218,775|208,858|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|214,667|5,641|220,308|211,120|
|NET ASSETS|214,667|5,641|220,308|211,120|
|FUNDS|
|Unrestricted|funds|7|214,667|202,815|
|Restricted|funds|7|5,641|8,305|
|TOTAL FUNDS|220,308|211,120|

**----- End of picture text -----**<br>


> [were][signed][ on][its][ behalf][ by:] The financial statements were approved by the Board of Trustees on 28/6/[Land] 


**----- Start of picture text -----**<br>
A. Ae oY .<br>Basartig> Trustee ) ¥h/z<br>A Watson, Trustee PO 250<br>2 §/6 (23<br>**----- End of picture text -----**<br>


The notes form part of these financial statements 

5 



EDUKID 

## STATEMENT OF FINANCIALACTIVITIES (INCORPORATING STATEMENT OF COMPREHENSIVE INCOME) 

## FOR THE YEAR ENDED 5 APRIL 2023 

||Restricted|Designated|Unrestricted|||
|---|---|---|---|---|---|
||Funds|Funds|Funds|Total|2022|
||£|£|£|£|£|
|RECEIPTS||||||
|Incoming resources from||||||
|generated funds:||||||
|Voluntary income||||||
|- Regular donations|50,868|-|35,000|85,868|75,161|
|- One offdonations|-|34,282|-|34,282|21,829|
|- Grants|23,000|-|-|23,000|28,801|
|- Schools Income|36,743|-|-|36,743|14,487|
|Income from Charitable activities:||||||
|Educational trips|38,250|217,430|-|255,680|23,296|
|Other income|-|5,591|8,491|14,082|16,405|
|Total Income|148,861|257,303|43,491|449,655|179,979|
|PAYMENTS||||||
|Costs ofgenerating voluntary||||||
|income||||||
|Siaffcosts|-|-|8,143|8,143|7,781|
|Charitable activity expenses|-|-|9,895|9,895|11,287|
|Marketing|-|-|307|307|438|
|Charitable activities:||||||
|Support payments to Cambodia|26,703|3,197|-|29,900|27,361|
|Support payments to Palestine|1,293|8,707|-|10,000|10,600|
|Support payments to Uganda|60,595|12,718|-|73,313|43,680|
|Si:pport payments to Peru|-|-|-|-|21,403|
|Additional educational payments||||||
|to Uganda|684|-|-|684|-|
|Sialf costs (UK schools)|3,000|-|40,696|43,696|56,656|
|Cost ofeducational trips|58,250|167,704|5,857|231,811|27,845|
|Travel costs UK|-|-|-|-|1,110|
|Other expenses|1,000|-|-|1,000|2,060|
|Depreciation ofequipment|-|-|1,648|1,648|1,341|
|Support costs||||||
|Office costs|-|-|5,901|5,901|1,324|
|Sundry expenses|-|-|269|269|216|
|Bank charges|-|-|141|141|55|
|Bad debt|-|-|519|519|-|
|Governance costs||||||
|Staff costs|-|-|18,891|18,891|530|
|Bookkeeping|-|-|3,359|3,359|2,080|
|Independent examination|-|-|990|990|920|
|TotalExpenditure|151,525|192,326|96,616|440,467|216,687|



6 



## EDUKID 

STATEMENT OF FINANCIALACTIVITIES (INCORPORATING STATEMENT OF COMPREHENSIVE INCOME) 

## FOR THE YEAR ENDED 5 APRIL 2023 

||Restricted|Designated|Unrestricted|||
|---|---|---|---|---|---|
||Funds|Funds|Funds|Total|2022|
||£|£|£|£|£|
|Net income/(expenditure) for the year|(2,664)|64,977|(53,125)|9,188|(36,708)|
|Transfers between funds|-|(56,792)|56,792|-|-|
|Net movement in funds|(2,664)|8,185|3,667|9,188|(36,708)|
|Fund balance b/fwd|8,305|202,815|-|211,120|247,828|
|Ferdbalancec/fwd|5,641|211,000|3,667|220,308|211,120|



7 



EDUKID 

L, ACCOUNTING POLICIES 

## NOTES TO THE FINANCIAL STATEMENTS 

## FOR THE YEAR ENDED 5 APRIL 2023 

## Accounting convention 

The financial statements have been prepared under the historical cost convention and in accordance with the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (The Charities SORP (FRS102). The reporting currency is the pound sterling (£). 

The Charity is a public benefit entity. 

The Charity’s legal form is that ofa Trust, constituted in the United Kingdom. 

## Incoming resources 

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be qualified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. 

Donated services and facilities are included at the value to the Charity where this can be quantified. The value of services provided by volunteers has not been included. 

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. 

Income from investments is included in the year in which it is receivable. 

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. 

No incoming resources are included in the SOFA net of expenditure. 

## Resources expended 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates: 

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. 

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allowed directly to such activities and those costs of an indirect nature necessary to support them. 

Where the Charity uses other Charities to provide services of disseminative funding on its behalf, these costs are included within Charitable expenditure. 

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EDUKID 

## NOTES TO THE FINANCIAL STATEMENTS 

## FOR THE YEAR ENDED 5 APRIL 2023 

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 

Support costs are those incurred directly in support of expenditure on the objects of the Charity and include project management. 

## Tangible fixed assets 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Equipment — 3 years straight line basis 

## Taxation 

The Charity is exempt from tax on its charitable activities. 

## Fund accounting 

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the Charity without further specific purpose and which the Charity may use for its purpose at its discretion. 

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 

2. TRUSTEES’ REMUNERATION AND BENEFITS 

No Trustees received salaried remuneration or benefits during the year (2022: £nil). 

## Trustees’ Expenses and other payments 

No amounts were reimbursed to Trustees during the year in respect of expenses. 

3. STAFF COSTS 

||||2023|2022|
|---|---|---|---|---|
|Wages|and|salaries|107,953|71,583|



The average monthly number of employees during the year was three. No employees received employee benefits of more than £60,000. 

4. INDEPENDENT EXAMINERS FEES 

||2023|2022|
|---|---|---|
|Independent Examination|495|460|
|Other work|495|460|
||990|920|



9 



EDUKID 

## NOTES TO THE FINANCIAL STATEMENTS 

## FOR THE YEAR ENDED 5 APRIL 2023 

## 5 TANGIBLE FIXED ASSETS 

|5|TANGIBLE FIXED ASSETS|||
|---|---|---|---|
|||2023|2022|
|||£|£|
|COST||||
||At 6 April 2021|4,019|1,249|
||Additions<br>Disposals|919<br>-|2,770<br>-|
||At 5 April 2022|4,938|4,019|
|DEPRECIATION||||
||At 6 April 2021|1,757|416|
||Charge foryear|1,648|1,341|
||Depreciation on disposals|=|=|
||At 5 April 2022|3,405|1,757|
|NET BOOK VALUE||||
||At 5 April|1,533|2,262|
|6.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2023|2022|
|||£|£|
||Accruals and deferred income|50,003|800|
||Income received in relation to Educational Trips is deferred where the trip in question has not taken place during the|||
||accounting year under review.|||
|||2023|2022|
|||£|£|
||Deferred income at 6 April 2022|-|-|
||Released to Income and Expenditure account|=|2|
||Deferred in the period|49,203|-|
||Deferredincomeat5April2023|49,203|-|



10 



## EDUKID 

## NOTES TO THE FINANCIAL STATEMENTS 

## FOR THE YEAR ENDED 5 APRIL 2023 

7a. MOVEMENT IN FUNDS 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Net|Transfers|
|Movement|in|between|
|At|6.4.22|funds|funds|At|5.4.23|
|£|£|£|£|
|Unrestricted|funds|
|General|Fund|-|(53,125)|56,792|3,667|
|Designated|Growth|Fund|76,000|-|-|76,000|
|Designated|Cambodia|Fund|35,420|5,574|(10,994)|30,000|
|Designated|Uganda|Fund|44,000|15,403|597|60,000|
|Designated|areas|of conflict|Fund|10,600|(8,707)|(1,893)|-|
|Designated|Peru|Fund|25,000|2,980|(2,980)|25,000|
|Designated|UK|Contingency|Fund|5,880|-|14,120|20,000|
|Designated|Educational|Trips|Fund|5,915|49,727|(55,642)|-|
|202,815|11,852|-|214,667|
|Restricted|funds|
|Cambodia|300|1,665|-|1,965|
|Uganda|2,495|(510)|-|1,985|
|Areas|of conflict|210|81|-|291|
|Peru|300|1,100|-|1,400|
|Grants|for|staff costs|5,000|(5,000)|-|-|
|8,305|(2,664)|-|5,641|
|TOTAL|FUNDS|211,120|9,188|-|220,308|

**----- End of picture text -----**<br>


11 



EDUKID 

## NOTES TO THE FINANCIAL STATEMENTS 

## FOR THE YEAR ENDED 5 APRIL 2023 

## 7b. MOVEMENT IN FUNDS 

Net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General Fund|43,49]|(96,616)|(53,125)|
|Designated Growth Fund|-|-|-|
|Designated Cambodia Fund|8,771|(3,197)|5,574|
|Designated Uganda Fund|28,122|(12,719)|15,403|
|Designated areas ofconflict Fund|-|(8,707)|(8,707)|
|Designated Peru Fund|2,980|-|2,980|
|Designated Educational Trips Fund|217,430|(167,703)|49,727|
||300,794|(288,942)|11,852|
|Restricted funds||||
|Cambodia|28,367|(26,702)|1,665|
|Uganda|95,020|(95,530)|(510)|
|Areas ofconflict|1,374|(1,293)|81|
|Peru|1,100|-|1,100|
|Grants for staff costs|23,000|(28,000)|(5,000)|
||148,861|(151,525)|(2,664)|
|TOTALFUNDS|449,655|(440,467)|9,188|



## Purpose of unrestricted funds 

General funds are donations and other incoming resources receivable or generated for the objects of the Charity without further specific purpose and when the Charity may use for its purpose at its discretion. 

Designated funds are set aside by the Trustees for the purpose of ensuring the Charity can continue to operate in the event ofa short term drop in funding, and in the case of the growth fund to allow the Charity to grow in a sustainable manner. 

## Purpose of restricted funds 

The restricted funds relate to amounts received in donations specific to the funding of projects in the particular country which have yet to be paid across to the relevant project. 

The Grants for staff costs relate to restricted funds received for the purposes of paying the Charity’s staffing costs in UK schools work. 

8. RELATED PARTY TRANSACTIONS 

There were no disclosable transactions with related parties during the current or previous year. 

12