Trustees. Annual Report for the period
Period stsrt date
PetK)d end date
7022
2022
From
To
Section A
Reference arid administration details
Charty naffle
EthKjpn Education FndatIOn
Other names charfty i%known by
EEF
Regl$tgrod charlty number (If any)
1107364
Chartys prfncipal address
4A
Cavendish PLace
Boumemouth
Poslcodo
BH11RQ
Nam•8 of th• eharty trustsos manage tho charfty
Datts IfTh>tl¢¢T*IK49
TNst•e nam•
Ollkè Ilf •y)
NThof lor ljody) •nilllo
nt trust••
Glen Forbes
Chair
Achlm Kram
Marcio Sampo10
10
12
13
14
15
16
17
18
19
20
Names of the trustses for the charlty. If any, (for example, any custodlan Iruslees)
Name
Dates acted rf not forwhole
TAR
Aprfl 2tr20
Names and addresses of advisers (Optlonal inforniation)
e of adviser
Name
Address
Name of ehltrf executlve or names of senlor staff members (Optlonal lrfornmtlon)
Section B
Structure,
overnance and mana
ement
D•s¢rfptlon of tho charws trusts
Constitirtlon adopted 23 August 2004
Amended 27 Juty 20C
Type ol govemkng document
How the chartty is wnstituted
UK Registered charty
Trust88 selectlon methods
Appolnted ty existing trustees
Addltlonal gov•rn•nc• Issues (Optlonal Inforniallon)
You may Choo to include
addttional infomiatlon, where
re18V8nt, about..
policies and procedures
adopted forthe induction and
training of trustees,.
the charity's organlsatlonal
structure and any wlder
network wlth whlch the charity
worts;
relationship wrth any related
parties.
trust8as' consideratlon of
mojor risks and the system
and ptocedures to manage
them.
Section C
Ob'ectives and activities
To advanc4 the educatlonal standards of underpdvlleged chlldren l young
adults In Ethics)ia and relieving I1r needs by engaging in charitabl8
InitteS amed at provxling education funding. accommodation and
Imng support.
Summary of the objects of th•
charlty set o(rt in ils
governlng document
TAR
Aprfl 2020
Provision of a(rommlation. food and transport to students as Is
appropriate to their indNKlual needs
Monrtoring of students, academic progress and of their general
Irng condrtions and heath stsndards
Maintaining contact with sponsors
Fundraising adwilies to prov•Je additional inrtiatives and
programme costs nol covered by sponsor contribution
Probiding Universty grantsl support for undergraduate stuty
ProTr•lding Masters. Dege stholarships
Summary olthe maln
actlvllles undertaken for th•
publlc benefft In rnlatlon to
these objects (Include wthln
Ihls section the statutory
doclaration that trustees have
had regard to tho guidan¢4
Issued by Ihe Charlty
Commlsslon on publk
benefltl
Addltlonal detslls of objecllvts and acllvltles Ioptlonal Inlornmllon)
You may choose to ilUde
rther statements. where
relevant, abiwt..
policy on grantmakryig:
policy programme related
investment.
contribution made ty
volunteers.
TAR
Aprll 2020
Section D
Achievements and performance
Surnmary of the main
achiovements of the charity
during the year
Ongoing management of the scholatship prDgrammé for tr
exbsting year.
Number of Students on the 88f universty programme: 34
(December 2022)
Number of students on the eef secondary school programme.. 16
(December 2022>- 6 of which a bcated In Gambella.
Total number of students graduated from university.. 185
(December 20221
Total number of Masters degr88 scholarships awarded.. 10
(December 2022)
TAR
Aprtl 2020
Section E
Financial review
At the end of 2022, the Chanty held £310,533 in cash reserves. This
l figure allows the chanty to comfortabty cover the following points.
Brief statement of the
charity's policy on resenies
The charity holds reserves for the following purposes..
1. Funds raised in the financial year go towards expenses to b8
bome in future finanaal years (75%)
2. Cover against future infiation and exchange rate movemerrt in
Ethiopia
3. Cover for unexpected sludenl $t5 (e.g medical issues)
4. Inabilrty of sponsors lo Continue support for the agreed period.
Detalls of any funds materlally
In deficit
Further flnanclal rnvlew detalls (Owlonal InfornlIonl
You may choose to include
addrtional infornation, where
r&l8vant about..
Ihe charity's principal
sources of funds (induding
any fundraislng).,
how expendrtufe has
supported the key objedives
of the charity;
Inv8Stm8nt policy and
objectives including any
ethical Instment pollcy
adopted
Section F
Other optional information
TAR
Aprfl 2020
Section G
Declaration
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charitys trust•
SlgnatUf21s)
Full name(s>
Posltltsn leg Secretary. Chair.
etc)
Glen Fofoes
Achin Krnm
Trustee
Truste8
02 Iiol2&23
/0
TAR
Aprfl 2tr
||Charity No (if any)
1107364
Period start date
**01/01/2022**
**To**
Period end date
31/12/2022
Ethiopian Education Foundation
**CC17a**
Annual accounts for the period|Charity No (if any)
1107364
Period start date
**01/01/2022**
**To**
Period end date
31/12/2022
Ethiopian Education Foundation
**CC17a**
Annual accounts for the period|
|---|---|---|
|**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
**_Total incoming resources_**
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|**Details of own**
**analysis**
Note|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
||S01
S02
S03
S04
S05|-
-
-
-
-
7,188
36,374
-
43,561
82,219
-
-
-
-
-
427
-
-
427
16
-
-
-
-
-
-
-
-
-
-|
|||7,615
36,374
-
43,988
82,236|
|||-
-
-
-
-
-
-
-
-
444
-
-
-
-
-
-
-
-
-
-
-
13,967
-
13,967
50,666
-
-
-
-
-
-
-
-
-
-|
|||-
13,967
-
13,967
51,109
7,615
22,407
-
30,022
31,126|
|||-
-
-
-
-|
|||7,615
22,407
-
30,022
31,126|
|||-
-
-
-
-
-
-
-
-
-|
|||7,615
22,407
-
30,022
31,126|
|||180,407
100,105
-
280,512
249,385|
|||188,021
122,512
-
310,533
280,512|
25/09/2023
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
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**
F01
F02
B01
- -
B02
- -
B03
- -
B04
- -
B05
- -
B06
- -
B07
- -
B08
98,699 211,834
B09
98,699 211,834
B10
- -
B11
98,699 211,834
B12
98,699 211,834
B13
- -
B14
- -
B15
98,699 211,834
B16
98,699
B17
-
B18
211,834
B19
B20
98,699 211,834
Signature
achim Kram (Oct 2, 2023 10:51 GMT+2)
achim Kram
Glen Forbes (Oct 2, 2023 10:42 GMT+1)
Glen Forbes|**Unrestricted**
**funds**
**£**
F01
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-|**Endowment**
**funds**
**£**
F03
-
-
-|**Total this year**
**Total last**
**year**
**£**
**£**
F04
F05
-
-
-
-
-
-|
|---|---|---|---|---|---|
|||-|-|-|-
-|
|||-
-
-
98,699|-
-
-
211,834|-
-
-
-||
||||||-
-
-
-
-
-
310,533
280,512|
|||98,699|211,834|-|310,533
280,512|
||||||-
-|
|||-|-|-||
|||||||
|||98,699|211,834|-|310,533
280,512|
|||||||
|||98,699|211,834|**-**|310,533
280,512|
||||||-
-
-
-|
|||-
-|-
-|-
-||
|||||||
|||98,699|211,834|-|310,533
280,512|
|||98,699
-|211,834|-|98,699
105,720
-
-
211,834
174,792
-
-|
|||98,699|211,834|-|310,533
280,512|
||||||Date of
approval
Print Name
Glen Forbes
Achim Kram
Oct 2, 2023
Oct 2, 2023|
25/09/2023
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.
25/09/2023
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**
|**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.|
25/09/2023
CC17a (Excel)
4
## **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
25/09/2023
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**|Individuals
Companies
HMRC Gift Aid Receipts
Trusts and Foundations Donations
Other Income
**Total**
**Total**
Bank Interest
**Total**
Voluntary
Investment
Other
**Total**
**Analysis**|**This year**
**Last year**
**£**
**£**
34,270
60,217
2,104
1,014
4,487
13,000
7,188
3,502|
|---|---|---|
|||43,561
82,219|
|||-
-
-
-
-
-
-
-
-
-|
|||-
-|
|||427
16
-
-
-
-
-
-
-|
|||427
16|
|||43,561
82,219
427
16
-
-
-
-
-
-|
|||43,988
82,235|
25/09/2023
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**
**Fundraising trading costs**
**Costs of generating voluntary income**
**Governance costs**|School Fees
Offsite Student Allowance
Clothes
Food and Consumables
Premises and Staff Costs
Transport
Trustee Travel Expenses
**Analysis**
**Total**
**Total**
Sundry Expenses
Hostel Costs
School Supplies
Medical
University Student Allowance
**Total**
**Total**|**This year**
**Last year**
**£**
**£**
444
- -
- -
- -
- -|
|---|---|---|
|||- 444|
|||- -
- -
- -
- -
- -|
|||- -|
|||4,152
4,495
90
- -
49
445
81
415
23
125
1,510
9,133
1,546
30,761
118
260
- -
6,400
5,032|
|||13,967
50,666|
|||- -
- -
- -|
|||- -|
25/09/2023
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.**_
**----- Start of picture text -----**
Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost type £ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -
**----- End of picture text -----**
## **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**
**- -**|
|---|---|
## **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|
|---|---|
25/09/2023
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**
|**7.1 Staff Costs**|||
|---|---|---|
|**The parts of the charity in which the employees work**
**Gross wages, salaries and benefits in kind**
**Employer’s National Insurance costs**
**Pension costs**
**7.2 Average number of full-time equivalent employees in**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**Total staff costs**
**the year**|**This year**
**Last year**
**£**
**£**
- 27,500
- 50
- 50|
|||- 27,600|
|||**This year**
**Last year**
**Number**
**Number**
- 1
- -
- -
- -|
|||- 1|
## **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||
25/09/2023
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**
**----- Start of picture text -----**
Grants to Grants to
institutions individuals
Purpose for which grants made Total amount £ Total amount £
- -
- -
- -
- [ - ]
- [ - ]
- [ - ]
Total - -
**----- End of picture text -----**
## **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**
_**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.**_
|**Names of institutions**
**_Total grants to institutions_**
**Purpose**|**Total amount of**
**grants paid £**
-
-
-
-
-
-
-
-
-
-|
|---|---|
||**-**|
25/09/2023
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**
|**9.1 Cost or valuation**||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Freehold land**||**Other land &**|||**Plant,**||**Fixtures,**||**Payments on account and assets under**||**Total**|
|||**& buildings**||**buildings**|||**machinery**|**and**|
**fittings**|**and**|**construction**|||
||||||||**motor vehicles**||**equipment**|||||
|||**£**|||**£**||**£**||**£**||**£**||**£**|
|Balance brought forward|||-|||-||-||-||-|-|
|Additions|||-|||-||-||-||-|-|
|Revaluations|||-|||-||-||-||-|-|
|Disposals|||-|||-||-||-||-|-|
|Transfers *|||-|||-||-||-||-|-|
|Balance carried forward|||-|||-||-||-||-|-|
|**9.2 Accumulated depreciation**|**and impairment provisions**|||||||||||||
||****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|||-|||-||-||-||-|-|
|**9.3 Net book value**||||||||||||||
|Brought forward|||-|||-||-||-||-|-|
|Carried forward|||-|||-||-||-||-|-|
## **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._
25/09/2023
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**
|Carrying (market) value at beginning of year
**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|**£**
-
-
-
-|
|---|---|
||-|
## _**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 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**
**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**|**10.2**
**10.3**
**Market value at**
**year end**
**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**
25/09/2023
CC17a (Excel)
12
## Accs 2022
Final Audit Report
2023-10-02
Created: 2023-10-01 By: Sally Richardson (sally@clearcutaccounts.com) Status: Signed Transaction ID: CBJCHBCAABAAsQ5-T8CSDSw4wpnH9aGi1jvvTX1mk8z2
## "Accs 2022" History
Document created by Sally Richardson (sally@clearcutaccounts.com) 2023-10-01 - 3:36:47 PM GMT
Document emailed to achim Kram (achim@ethiopianeducationfoundation.org) for signature 2023-10-01 - 3:38:28 PM GMT
Email viewed by achim Kram (achim@ethiopianeducationfoundation.org) 2023-10-02 - 8:50:21 AM GMT
Document e-signed by achim Kram (achim@ethiopianeducationfoundation.org) Signature Date: 2023-10-02 - 8:51:52 AM GMT - Time Source: server
Document emailed to glen_forbes@hotmail.com for signature 2023-10-02 - 8:51:54 AM GMT
Email viewed by glen_forbes@hotmail.com 2023-10-02 - 9:37:35 AM GMT
Signer glen_forbes@hotmail.com entered name at signing as Glen Forbes 2023-10-02 - 9:42:17 AM GMT
Document e-signed by Glen Forbes (glen_forbes@hotmail.com) Signature Date: 2023-10-02 - 9:42:19 AM GMT - Time Source: server
Agreement completed.
2023-10-02 - 9:42:19 AM GMT
Independent examiner's report on the
accounts
Section A
Independent Examinerfs Report
Report to the trustee31 Ethiopran Educatn Foundalion
members of
On a¢¢ounts for the year
ended
31 December 2022
Charity no
lif any)
1107364
Set out on pages
Respective The chaWs trustees are reswnsible for the preparat of the accounts.
responsibilities of The charity's Iruslees consKler Ihal an audrt is not requ1red for this year
trustees and examin under section 144 of the Charrtses Act 2011 (the Charities Act) and that an
irKlependent examinalion ¢s needed.
It is my responsibiltty lo-.
examine the accounts under sectK)n 14S of the Charrties Act.
to follow the procedures laid down in the general Directions given by the
Charity Commission (under sectn 14515llbl of the Charities Act, and
to stste whether particutar matters have come to my attent*Jn.
Basis of independent My examination was carried out in OrdanCe with general Directions given
examiner's statement by the Charty CommissKin. An examination includes a review of the
accounting records kept by the chafty and a comparison of the accounts
presented with those records_ 11 also includes consideration of any unusual
items or disclosures in the accounts. and seeking explanations from the
tnjstees conceming any such matters. The procedures undertaken do not
provKJe all Ihe evidence th* would be required in an audit, and
consequentty no opinion is given as to whether the accounts presenl a Irue
and fair. VEW and the report is limited to those matters set out in the
statement bebw.
Independant In connection wrth examinal#)n, no matter has come to my attention
examinevs statement lother than that disclosed below ')
1. whh gNes me reasonab cause to telieve that in, any material respect,
the fequiremenls..
to keep accounting records in )rdance with sectK)n 130 of Ihe
Char[tS Act," and
lo prepare accounts which )rd with the accounting records and
compty wrth the accounting requirerrents of the Charities Act
have not been met". or
2. to Whh, in my opinK)n. attention should be drawn in order lo enable a
proper understanding of the accounts to be reached.
' Ple8se delete the words in the brackets rf they do not apply.
Signed:
Date:
031iolZ
Name:
Relevant professional
qualifi¢ation(sl or body
(if any):
IER
March 2012
Address:
2 tsJeST O£s LO
Ti*4tÉ& LE GQEO c£DS
k12 1 lof
Section B
Disclosure
Onty complete rf the examiner needs lo highlight material problems.
Glve here brief details of
any items that the
examiner wishes to
discre.
IER
March 2012