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2022-12-31-accounts

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REDEARTH EDUCATION

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report on the accounts for the period ended 31 December 2022 which comprise the statement of financial activities, balance sheet and related notes.

Respective responsibilities of trustees and independent examiner

The trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the seeking of explanations from you as trustees 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.

Opinion

In connection with my examination, no matter has come to my attention:

Paul Windmill FCA MYERS CLARK Chartered Accountants Egale 1 80 St Albans Road Watford, WD17 1DL

16 October 2023

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REDEARTH EDUCATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2022

Unrestricted Restricted Total Total
Notes Funds Funds 31.12.22 31.05.22
£ £ £ £
Incoming resources
Incoming resources from
voluntary income 2 5,126 90,282 95,408 175,591
Incoming resources from generated funds
Bank interest 211 - 211 145
Total incoming resources 5,337 90,282 95,619 175,736
Resources expended
Charitable activities 3 2,485 200,778 203,263 83,895
Governance costs - - - -
Total resources expended 2,485 200,778 203,263 83,895
Net income/(expenditure) for the
year/Net movement in funds 2,852 (110,496) (107,644) 91,841
Fund balances at 1 June 2022 14,850 204,215 219,065 127,224
Fund balances at 31 December 2022 17,702 93,719 111,421 219,065

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REDEARTH EDUCATION BALANCE SHEET AS AT 31 DECEMBER 2022

Notes 31.12.22 31.05.22
£ £
Tangible fixed assets 4 - 101,458
Current assets
Cash at bank and in hand 111,421 117,607
Creditors: amounts falling due
within one year - -
Net current assets 111,421 117,607
Total assets less current liabilities 111,421 219,065
Funds
Unrestricted 17,702 14,850
Restricted 93,719 204,215
111,421 219,065

Approved by the Trustees on 2 October 2023 and signed on their behalf by:

R KATZLER

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REDEARTH EDUCATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting policies

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the company’s accounts.

1.1

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice) applicable to Smaller Entities.

1.2

Incoming resources

Voluntary income including donations and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and if the amount can be measured with sufficient reliability. Such income is only deferred when either:-

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Investment income is included when receivable by the charity.

Income from charitable activities (such as core grants and trading income) is recognised as the related services are provided or, in the case of grant income, where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income from charitable trading activities is recognised as earned, as the related goods and services are provided.

1.3 Resources expended

Resources expended are recognised when a liability is incurred where there is a current or constructive obligation to pay. Contractual arrangements and performance related grants are recognised as goods and services are supplied.

Resources expended are allocated to a particular activity where the costs relate directly to that activity.

1.4 Accumulated funds

Unrestricted funds held by the charity are funds received or generated in accordance with the charity’s activities.

Restricted funds are subject to specific conditions by donors as to how they may be used.

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REDEARTH EDUCATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Voluntary income
31.12.22 31.05.22
£ £
Grants and donations – unrestricted 5,126 16,255
Grants and donations – restricted
BFSS 20,574 20,702
Street Child 5,660 -
Souter Charity - 5,000
Munning Trust - 24,919
Lessons for Life (Street Child) - 22,349
Utopia Foundation - 10,712
Waterloo Award - 10,000
Zim Kids - 16,534
EDC 64,048 42,620
Trinity Church - 6,500
90,282 159,336

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REDEARTH EDUCATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Charitable activities

Charitable activities
31.12.22 31.05.22
£ £
Training & support to schools 13,421 27,783
Monitoring & evaluation 4,544 744
Staff costs 59,060 33,863
Materials & equipment 2,228 5,085
Office costs 8,404 4,937
Lead teachers 6,161 1,420
ICT 548 890
Capacity building 4,679 -
Radio lessons 1,677 8,481
Other expenses 1,083 692
Donation to Redearth Uganda 101,458 -
203,263 83,895

4.

Tangible fixed assets

Tangible fixed assets
Property
£
Cost
At 1 June 2022 101,458
Disposals – donation to Redearth
Uganda (101,458)
At 31 December 2022 -

The property was donated to Redearth Uganda on the understanding that it would always be used as an educational training centre.

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