**From** **To** ## **Trustees' Annual Report for the period** Period start date Period end date 01 Jan 2020 31 Dec 2020 ## Section A Reference and administration details **Charity name** Ethiopian Education Foundation **Other names charity is known by** EEF **Registered charity number (if any) Charity's principal address** 1107364 4A |
4A|
4A| |---|---| ||| |Cavendish Place|| |Bournemouth|| |**Postcode**|**BH1 1RQ**| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Glen Forbes|Chairman||| ||Marcio Sampaio|Project Director||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** **April 2020** 1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Constitution adopted 23 August 2004 Type of governing document Amended 27 July 2006 (eg. trust deed, constitution) UK Registered charity How the charity is constituted - (eg. trust, association, company) Appointed by existing trustees Trustee selection methods - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** To advance the educational standards of underprivileged children / young adults in Ethiopia and relieving their needs by engaging in charitable initiatives aimed at providing education funding, accommodation and living support. **TAR** **April 2020** 2 - Provision of accommodation, food and transport to students as is appropriate to their individual needs - Monitoring of students’ academic progress and of their general living conditions and health standards - Maintaining contact with sponsors - • Fundraising activities to provide additional initiatives and programme costs not covered by sponsor contribution - Providing University grants/ support for undergraduate study - • Providing Masters’ Degree scholarships **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** - ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** **April 2020** 3 Section D Achievements and performance **Summary of the main achievements of the charity during the year** - Ongoing management of the scholarship programme for the existing year. - Number of students on the eef university programme: 41 (December 2021) - Number of students on the eef secondary school programme: 25 (December 2021) – 6 of which are located in Gambella. - Number of students graduated from university: 169 (December 2021) - • Number of Masters degree scholarships awarded: 10 (December 2021) **TAR** **April 2020** 4 ## **Section E Financial review** ## **Brief statement of the** At the end of 2021, the Charity held £280,512 in cash reserves. This figure allows the charity to comfortably cover the following points. **charity’s policy on reserves** The charity holds reserves for the following purposes: 1. Funds raised in the financial year go towards expenses to be borne in future financial years (70%) 2. Cover against future inflation and exchange rate movement in Ethiopia 3. Cover for unexpected student costs (e.g medical issues) 4. Inability of sponsors to continue support for the agreed period ## **Details of any funds materially** **in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** **TAR** **April 2020** 5 **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary, Chair,**
**etc) **
**Date**|
Glen Forbes (Sep20, 2022 14:23 GMT+2)
Glen Forbes

|Marcio Sampaio (Sep21, 2022 11:29 GMT+2)
Marcio Sampaio| |---|---|---| ||Glen Forbes|Marcio Sampaio| ||
Trustee|Trustee| |||| ||
Sep20, 2022|Sep21, 2022| **TAR** **April 2020** 6 Final Audit Report ## tar - 2021 2022-09-21 Created: 2022-09-20 By: Sally Richardson (sally@clearcutaccounts.com) Status: Signed Transaction ID: CBJCHBCAABAA6CGrh5zSwV1VLLrNHpbSHEJnfx1JF2Xn ## "tar - 2021" History Document created by Sally Richardson (sally@clearcutaccounts.com) 2022-09-20 - 11:07:39 AM GMT Document emailed to glen_forbes@hotmail.com for signature 2022-09-20 - 11:08:59 AM GMT Email viewed by glen_forbes@hotmail.com 2022-09-20 - 11:12:28 AM GMT Signer glen_forbes@hotmail.com entered name at signing as Glen Forbes 2022-09-20 - 12:23:12 PM GMT Document e-signed by Glen Forbes (glen_forbes@hotmail.com) Signature Date: 2022-09-20 - 12:23:14 PM GMT - Time Source: server Document emailed to marciojrsampaio@hotmail.com for signature 2022-09-20 - 12:23:16 PM GMT Email viewed by marciojrsampaio@hotmail.com 2022-09-21 - 9:28:43 AM GMT Signer marciojrsampaio@hotmail.com entered name at signing as Marcio Sampaio 2022-09-21 - 9:29:23 AM GMT Document e-signed by Marcio Sampaio (marciojrsampaio@hotmail.com) Signature Date: 2022-09-21 - 9:29:25 AM GMT - Time Source: server Agreement completed. 2022-09-21 - 9:29:25 AM GMT ||Ethiopian Education Foundation|Ethiopian Education Foundation|Ethiopian Education Foundation|Charity No (if any)|1107364|**CC17a**| |---|---|---|---|---|---|---| ||Annual accounts for the period|||||| ||Period start date|**01/01/2021**|**To**|Period end date|31/12/2021|| |||||||| |**Section A Statement of financial activities**||||||| |**Recommended categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Gains and losses on investment assets
**_Net movement in funds_**
**Total funds brought forward**
**_Total funds carried forward_**
**_Total resources expended_**
**_Net incoming/(outgoing) resources before transfers_**
**Gross transfers between funds**
**_Net incoming/(outgoing) resources before other recognised_**
**_gains/(losses)_**
**Other recognised** **gains/(losses)**
Gains and losses on revaluation of fixed assets for the charity’s
own use
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||4,487|77,732|-|82,219|144,806| |||-|-|-|-|-| |||16|-|-|16|93| |||-|-|-|-|-| |||-|-|-|-|-| |||4,504|77,732|-|82,236|144,899| |||||||| |||-|-|-|-|-| |||-|444|-|444|2,797| |||-|-|-|-|-| |||-|-|-|-|-| |||-|50,666|-|50,666|92,281| |||-|-|-|-|-| |||-|-|-|-|-| |||-|51,109|-|51,109|95,079| |||4,504|26,623|-|31,126|49,820| |||-|-|-|-|-| |||4,504|26,623|-|31,126|49,820| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||4,504|26,623|-|31,126|49,820| |||175,903|73,482|-|249,385|199,565| |||180,407|100,105|-|280,512|249,385| 03/08/2022 CC17a (Excel) 1 ## **Section B Balance sheet** |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due**
**within one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of
all the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this year**
**Total last**
**year**
**£**
**£**
F04
F05| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||105,720|174,792|-|280,512|199,566| |||105,720|174,792|-|280,512|199,566| |||||||| |||-|-|-|-|-| |||||||| |||105,720|174,792|-|280,512|199,566| |||||||| |||105,720|174,792|**-**|280,512|199,566| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||105,720|174,792|-|280,512|199,566| |||||||| |||105,720|||105,720|110,443| |||-|||-|-| ||||174,792||174,792|89,123| |||||-|-|-| |||||||| |||105,720|174,792|-|280,512|199,566| |||||||| |||Signature|||Date of
approval
Print Name|| |||,2022 14:52 GMT+2)|||Glen Forbes|Sep 16, 2022| ||Glen Forbes(Sep16|||||| ||Achim Kram (Sep 17, 2022 08:52 GMT+2)
Achim Kram||||Achim Kram|Sep 17, 2022| 03/08/2022 CC17a (Excel) 2 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); • and with* ✓ Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); - and with the Charities Act. [** except for the following]. ## _**Give details in this box if a different standard has been followed.**_ - -Tick as appropriate: - if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”; - if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting - Standards for Smaller Enterprises (FRSSE)”. - ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following). _**Give details in this box of any material changes that have been made.**_ - § if no changes have been made to accounting policies then delete these words. ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years (§§ except for the following). _**Give details in this box of any material changes that have been made.**_ - §§ if no changes have been made to accounts for previous periods then delete these words. 03/08/2022 CC17a (Excel) 3 **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ ## **INCOMING RESOURCES** These are included in the Statement of Financial Activities (SoFA) when: |**INCOMING RESOURCES**|| |---|---| |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |**resources**|• the charity becomes entitled to the resources;| ||• the trustees are virtually certain they will receive the resources; and| ||• the monetary value can be measured with sufficient reliability.| |**Incoming resources with related**|Where incoming resources have related expenditure (as with fundraising or contract income)| |**expenditure**|the incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|Grants and donations are only included in the SoFA when the charity has unconditional| ||entitlement to the resources.| |**Tax reclaims on donations and gifts**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
which they relate.| |**Contractual income and performance**|This is only included in the SoFA once the related goods or services have been delivered.| |**related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or| ||distributed by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when| ||receivable.| |**Donated services and facilities**|These are only included in incoming resources (with an equivalent amount in resources| ||expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._| ||The value placed on these resources is the estimated value to the charity of the service or| ||facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This is included in the accounts when receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year.| |**EXPENDITURE AND LIABILITIES**|| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance conditions**|Where the charity gives a grant with conditions for its payment being a specific level of service| ||or output to be provided, such grants are only recognised in the SoFA once the recipient of the| ||grant has provided the specified service or output.| |**Grants payable without performance**|These are only recognised in the accounts when a commitment has been made and there are| |**conditions**|no conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|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.| |**ASSETS**|| |**Tangible fixed assets for use by charity**|These are capitalised if they can be used for more than one year, and cost at least £500. They| ||are valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year| ||end. Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| 03/08/2022 CC17a (Excel) 4 ## **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** 03/08/2022 CC17a (Excel) 5 **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of incoming resources** ## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Activities for generating funds**
**Investment income**
**Incoming resources from charitable**
**activities**
**Voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Individuals|60,217|72,263| ||Companies|1,014|37,256| ||HMRC GiftAidReceipts|4,487|10,726| ||Trusts andFoundationsDonations|13,000|23,444| ||Other Income|3,502|1,117| ||**Total**|82,219|144,806| ||||| ||Rental Income|-|-| ||Compensation|-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Bank Interest|16|93| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|16|93| ||||| ||Voluntary|82,219|144,806| ||Investment|16|93| ||Other|-|-| |||-|-| |||-|-| ||**Total**|82,236|144,899| 03/08/2022 CC17a (Excel) 6 **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of resources expended** ## **Resources expended may be further analysed if this would help the reader of the accounts.** |**Charitable activities**
**Governance costs**
**Fundraising trading costs**
**Costs of generating voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||SundryExpenses|444|2,797| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|444|2,797| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Hostel Costs|4,495|9,825| ||School Fees||| ||Offsite Student Allowance|-|-| ||Clothes|445|615| ||School Supplies|415|650| ||Medical|125|301| ||Food and Consumables|9,133|20,366| ||Premises and Staff Costs|30,761|53,359| ||Transport|260|200| ||Trustee Travel Expenses|-|1,308| ||UniversityStudent Allowance|5,032|5,659| ||**Total**|50,666|92,281| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| 03/08/2022 CC17a (Excel) 7 **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|-|-|-|-| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ |**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**|**This year**|**Last year**| |---|---|---| ||**2**|**2**| ||**Travel**|**Travel**| ||**-**|**1,308**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**Other fees (for example: advice, consultancy, accountancy services) paid to the**
**independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the accounts**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||None|None| ||None|None| 03/08/2022 CC17a (Excel) 8 **Section C Notes to the accounts (cont)** ## **Note 7 Paid employees** _**Please complete this note if the charity has any employees.**_ ## **7.1 Staff Costs** |**Total staff costs**
**the year**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||27,500|30,000| ||50|-| ||50|714| ||27,600|30,714| |||| ||**This year**
**Number**|**Last year**
**Number**| |**Fundraising**|1|1| |**Charitable Activities**|-|-| |**Governance**|-|-| |**Other**|-|-| |**Total**|1|1| **Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs 7.2 Average number of full-time equivalent employees in the year The parts of the charity in which the employees work** ## **7.3 Defined contribution pension scheme** _**Please complete if a defined contribution pension scheme is operated.**_ **The charity operates the NEST scheme** ## **The costs of the scheme to the charity for the year** **The amount of any contributions outstanding at the year end** **The amount of any contributions prepaid at the year end** ||**This year**||**Last year**| |---|---|---|---| ||**£**||**£**| |||0|| |||0|| |||0|| 03/08/2022 CC17a (Excel) 9 **Section C Notes to the accounts (cont)** ## **Note 8 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **8.1 Total value of grants** |**8.1 Total value of grants**|**8.1 Total value of grants**||| |---|---|---|---| |**Purpose for whichgrants made**||**Grants to**
**institutions**
**Total amount £**|**Grants to**
**individuals**
**Total amount £**| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| |**_Total_**||**-**|**-**| |**£**
**_If the charity has made grants to particular institutions that are material in the context of its grantmaking please_**
**_give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient_**
**_information should be given to provide a reasonable understanding of the range of institutions supported._**
**8.1 Grantmaking costs**
**_If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated_**
**_with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs._**
**Support costs of grantmaking**
**8.3 Grants made to institutions**|||| |**Names of institutions**|**Purpose**||**Total amount of**
**grantspaid £**| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| ||||-| |**_Total grants to institutions_**|||**-**| 03/08/2022 CC17a (Excel) 10 **Section C Notes to the accounts (cont)** ## **Note 9 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ ## **9.1 Cost or valuation** |**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery and**
**motor vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Payments on account and assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought forward
- - - - - -
Additions
- - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried forward
- - - - - -
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought forward
- - - - - -
Depreciation charge for year
- - - - - -
Impairment provisions
- - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried forward
- - - - - -
Brought forward
- - - - - -
Carried forward
- - - - - -
**9.2 Accumulated depreciation and impairment provisions**
**9.3 Net book value**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on account and assets under**
**construction**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |||||||| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ## **9.4 Revaluation** _**If any fixed assets have been revalued please give details of the valuer and method of valuation**_ _* The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ 03/08/2022 CC17a (Excel) 11 **Section C Notes to the accounts (con** ## **Note 10 Investment assets** ## _**Please complete this note if the charity has any investment assets.**_ ## **10.1 Fixed assets investments** |**Add:**additions to investments at cost
**Less:**disposals at carrying value
**Add/(deduct):**net gain/(loss) on revaluation
Carrying (market) value at end of year
Carrying (market) value at beginning of year|**£**| |---|---| ||-| ||-| ||-| ||-| ||-| ## _**Please provide below:**_ **10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.** ## **10.3 A breakdown of the income from investments agreeing with SOFA row S03.** |**Investments in subsidiary or connected undertakings and companies**
**Securities not listed on a recognised Stock Exchange**
**Cash held as part of the investment portfolio**
**Other investments**
**Total**
**Investments listed on a recognised stock exchange or held in common**
**investment funds, open ended investment companies, unit trusts or**
**other collective investment schemes**
**Analysis of investments**
**Investment properties**|**10.2**
**Market value at**
**year end**
**£**|**10.3**
**Income from**
**investments for**
**the year**
**£**| |---|---|---| ||-|-| ||-
|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ## **10.4 Material investment holdings** **If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.** ## **Investment held** **Market Value** 03/08/2022 CC17a (Excel) 12 ## Accounts 2021 Final Audit Report 2022-09-17 Created: 2022-09-16 By: Sally Richardson (sally@clearcutaccounts.com) Status: Signed Transaction ID: CBJCHBCAABAA2jM94LSwlwDnjmeHDIbxZQgYZ1mFqeJw ## "Accounts 2021" History Document created by Sally Richardson (sally@clearcutaccounts.com) 2022-09-16 - 12:23:41 PM GMT Document emailed to glen_forbes@hotmail.com for signature 2022-09-16 - 12:25:20 PM GMT Email viewed by glen_forbes@hotmail.com 2022-09-16 - 12:40:32 PM GMT Signer glen_forbes@hotmail.com entered name at signing as Glen Forbes 2022-09-16 - 12:52:42 PM GMT Document e-signed by Glen Forbes (glen_forbes@hotmail.com) Signature Date: 2022-09-16 - 12:52:44 PM GMT - Time Source: server Document emailed to achim@ahkram.com for signature 2022-09-16 - 12:52:46 PM GMT Email viewed by achim@ahkram.com 2022-09-17 - 6:52:15 AM GMT Signer achim@ahkram.com entered name at signing as Achim Kram 2022-09-17 - 6:52:54 AM GMT Document e-signed by Achim Kram (achim@ahkram.com) Signature Date: 2022-09-17 - 6:52:55 AM GMT - Time Source: server Agreement completed. 2022-09-17 - 6:52:55 AM GMT Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl Ethiopian Education FwndatvJn rnernbers of On ac¢ounts forthe year ended 31 December 2021 Charity no lif any) 1107364 Set out on pages R•$pe¢tive The charitvs tnjstees are resF4Jnsibbe for the prepar*NJn of the accounts. responsibilities of The charity's trustees consider that an audrt is not required for this yeaf trustees and examiner under section 144 of the Charities Act 2011 (the Charrties Actl and that an Independent examination is needed. It is my responsibilty to". examine the accounts Ur￿er sectK)n 145 of the Chafrties Act, to follow the procedures k2id down in the general Directions given by the Charity CommiSs￿n (under section 145151{bl of the Charities Ad, and to stale whether particuSar matters have come to my allenlion. Basls of independent My examinalion was carried out in accordance with general Directions given examiner's sLitement by the Charty Commkssion. An examination includes a review of the accounts.ng records kept by the charity and a comparison of the accounts presented wtth t￿ records. It also includes consideration of any unusual ttems or discbsures in the aecounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provKle all the evidence Ihal would be required in an audit. and consequenlty no opinion is given as to whether the accounts present a 'true and fairf view and the re￿rt is limr(ed to those matters set out in the statement bebw. Independent In connection wth my examinatk)n. no matter has come to my attention examinerfs statement lother than that disclosed below"} 1. which gives me reasonable cause to believe that in, any material re$pe¢t. the requirements". to keep accounting records in accordance wrth section 130 of the Charit￿$ Act," and to prepare accounts which accord with the accounting records and compty wrth the accounting requirements of the Charrties Act have not been rrt.. or 2. to whth, in my opinion. attent￿n shoukl be drawn in order to enable a proper understanding of the accounts to te reached. ' Please delete the words in the brackets rf they do not 8ppIy. Sign•d: Date: 2ql?/zL Name: Ckliy Relevant professional qualificationlsl or body (if any): IER March 2012 Address: 2 kn)o