2021-12-31-accounts

Fund for Action Through Education (FATE)

Annual Report 2021

Fund for Action Through Education I Trustees’ Annual Report I 1 Registered charity in England and Wales. Registration number 1125401

Trustees Annual Report

Charity Name Registered Charity Number

Governance and Constitution 2008

Fund for Action Through Education (FATE) 1125401 (Registered in England and Wales) Model Trust Deed, dated 3[rd] January

Address

P.O. Box 4166, Bracknell, RG42 9JU

Trustees

Sarah Noor Sarah Nutbrown John Yeomans (New trustees are appointed in accordance with the

Deed)

Objectives and Activities

The object of the charity is to advance the education and improve the welfare of underprivileged children and young adults in developing countries

The charity’s main activity in support of this object is to match underprivileged children with the ability and desire to learn, with sponsors who will provide funds to cover the cost of their education. The charity also raises funds to cover additional costs in relation to the education and welfare of the children we support and their families.

Achievements and Performance

The trustees have complied with their duties, having due regard for the Charity Commission’s guidance on public benefit, particularly in regard to education, delivering identifiable benefits to the public.

2020 began with FATE celebrating the graduation and independence of one of its sponsored students. With support from her sponsor, Elizabeth has secured a position at a local business and has already begun to earn her own income.

In March FATE took on an additional sponsored child who was enrolled at school and is now busily pursuing his dreams of becoming a pilot.

In May, FATE celebrated the graduation of another of its sponsored students. Achieving a diploma in education, Leila has already secured a teaching position at a local school.

Towards the end of 2021, another two of FATE’s beneficiaries, Bashir and Ethel, graduated from the sponsorship program having secured a job in Sales and Administration have become fully independent. Their graduation has also enabled new children to benefit from the gift of a great education.

Gratefully received ongoing support and donations from John and Annabelle Yeomans help to cover FATE’s admin costs meaning 100% sponsorship funds

Fund for Action Through Education I Trustees’ Annual Report I 2 Registered charity in England and Wales. Registration number 1125401

continue to reach the children they are raised for. John has also now joined the FATE team as a trustee and his input has already proved invaluable.

FATE would like to thank all its fantastic sponsors, donors and corporate supporters for helping us to make such a difference.

Financial Review

Result and Funds

Income remained similar in 2021 at £27,323 from £28,328 in 2020, due to the loyalty of our many long-term supporters and sponsors. After expenditure of £18,296, this left a reserve of £27,048. (No funds are held as a custodian trustee on behalf of others).

Reserves Policy

It is the policy of the charity to commit to help the children we support throughout the lifetime of their education. For some children this will take them right through university and for others this may be up to secondary school followed by vocational training.

In order to meet this commitment, we have been fundraising and building our reserves to ensure we can continue to support all our beneficiaries for a period of at least 12 months, even if any of our sponsors or corporate donors were to cease their support and we were unable to secure replacements immediately.

Plans for future periods

Costs are expected to continue to increase over the coming years, as a result of the sponsored children progressing through their education and anticipated rises in costs for transport, food and other essential items.

The charity has plans through 2022 and 2023 to focus on increasing our donations from corporate and individual sponsorships to ensure we can cover these increasing costs. The strengthening value of the British Pound (£) against the continuously weakening Kenya Shilling (KSH) will go some way to manage these costs.

The above report was approved by the trustees on 20/08/22 and signed on their behalf by

Sarah Noor Trustee

Fund for Action Through Education I Trustees’ Annual Report I 3 Registered charity in England and Wales. Registration number 1125401

Statement of Financial Activities

	Year Ended 31st December 2021 Year Ended 31st December 2020 £18,022 £9,854 £20,672 £17,493 £1,478 £1,802 £2,033 £2,025 £3,140 £6,965 £0 £44
Bought Forward Reserves Incoming Resources
Sponsorship Donations
Regular Donations
One-of donations
Fundraising Activities
Bank Refund
Total Income	£27,323 £28,328
	£17,726 £19,558 £0 £0 £570 £602
Resources Expended
Charitable Activities
Fundraising Costs
Admin costs and fees
Total Outgoing	£18,296 £20,160
Net movement in funds	£9,026 £8,168
Total Reserves remaining	£27,048 £18,022

Fund for Action Through Education I Trustees’ Annual Report I 4 Registered charity in England and Wales. Registration number 1125401

Contact us FATE, PO Box 4166, Bracknell, RG42 9JU | e: [e-mail] | t: [phone] | www.fateuk.org Fund for Action Through Education is a registered charity in England and Wales, number 1125401

Fund for Action Through Education

1

Receipts and payments acco

01/01/2021 To

For the period from

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

to the nearest £

to the nearest £

to the nearest £

A1 Receipts

----- Start of picture text -----
Sponsor 20,672 - -
Donor 1,478 - -
Donation 2,033 - -
Fundraising 3,140 - -
Bank refund - - -
- - -
- - -
- - -
27,323 - -
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total - - -
Total receipts 27,323 - -
A3 Payments
Wema Child Sponsorship 15,449 - -
Wemd Child Donation 1,278 - -
Natasha Costs 1,000 - -
Admin 570 - -
- - -
- - -
- - -
- - -
- - -
Sub total 18,297 - -
A4 Asset and investment
purchases, (see table)
- - -
- - -
Sub total - - -
Total payments 18,297 - -
Net of receipts/(payments) 9,026 - -
A5 Transfers between funds - - -
A6 Cash funds last year end - - -
----- End of picture text -----

Cash funds this year end 9,026 - -

Section B Statement of assets and liabilities at the end of

			Unrestricted
Categories	Details		funds
B1 Cash funds		Total cash funds	to nearest £ - - - -
	(agree balances with receipts and payments account(s))		Agreement Error
			Unrestricted
			funds
B2 Other monetary assets	Details		to nearest £ - - - - - -
			Fund to which
B3 Investment assets	Details		asset belongs Fund to which
B4 Assets retained for the	Details		asset belongs
charity’s own use			Fund to which
B5 Liabilities	Details		liability relates

Signed by one or two trustees on behalf of all the trustees Signature Print N

125401

ounts

CC16a

12/31/2021

Total funds

Last year

to the nearest £

to the nearest £

----- Start of picture text -----
20,672 17,493
1,478 1,802
2,033 2,025
3,140 6,965
- 44
- -
- -
- -
27,323 28,329
----- End of picture text -----

----- Start of picture text -----
-
- -
- -
27,323 28,329
15,449 14,724
1,278 3,834
1,000 1,000
570 602
- -
- -
- -
- -
- -
18,297 20,160
----- End of picture text -----

----- Start of picture text -----
-
-
- -
18,297 20,160
9,026 8,169
- -
- -
----- End of picture text -----

9.026 8,169

the period

----- Start of picture text -----
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due
(optional) (optional)
-
-
----- End of picture text -----

----- Start of picture text -----
-
-
-
Date of
Name
approval
----- End of picture text -----

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent ExaminÈr's Report Report to the trusteesl rnembers of Fob)D fol (F On accounts for the year ended 20 L l. Charity no {rf any) Illf(tol Set out on pages I rerK)rt to the trustees on my examination of the accounts of the above charty (llhe Trust-) for the year ended Responsibilities and As the chanty trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Acr). I rep)rt in reS￿t of my examination of the Trusfs accounts carried out under SeCt￿n 145 of the 2011 Act and in carrying out my examinati¢)n, I have followed the appiicabk Directions gwen by the Charity Commisson under section 145(51{b} of the Act. I have completed my examinatv)n. I ¢(￿f1m7 that rK) material matters have come to my attention lolher than that disclosed bekw '} in connection with the examination vthich gives me cause to telEve that in. any material respect: accounting records were rKrt kept in &c(Kdance with section 130 of the Act or Ihe accounts do not accord with the acc(xJnting records Independent examinerfs statement I have no concerns and have come acro&s no other matters in connection with the examination to which attent.on should ￿ drawn in order to enable a proper undersianding of the accounts to ￿ reached. . Please delete the words in Ihe brackets rfthey do not appty. Signed: Date: Name: Relevant professional qualification(s) or body (rf any): Address: LLv5 Section B Disclosure Only complete Il the examiner needs to highlight matters of concern (see CC32. Independent examinats'on of charty accounts". directions and guidance for examiners). IER October 2018