2023-12-31-accounts

Fund for Action Through Education (FATE)

Annual Report 2023

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 Fund for Action Through Education (FATE) Registered Charity Number 1125401 (Registered in England and Wales) Governance and Constitution Model Trust Deed, dated 3[rd] January 2008 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.

2023 began with FATE celebrating the successes of one of its sponsored students, Eunita Akumu. With support from her sponsor, Eunita achieved not only a primary and secondary education, but also a university education in engineering. Eunita has been working hard in her chosen profession becoming independent and developing her skills.

Three more students graduated at the end of 2023. Mohammed Ali surpassed all expectations and has even gone on to begin a Masters course in criminology continuing to be sponsored by FATE.

In October, two of the FATE Trustees visited our partner, the Wema Centre in Mombasa. The Wema Centre is a non-governmental organisation in Kenya that cares for, and supports, street children and children living in poverty. We have worked with them since our foundation to help provide opportunities for children in their care, or in the local community, to access education. We also provide funding to support the children’s welfare to enable them to engage well in their education and get the most from it. It had been many years since our last visit, and it was a resounding success. The trip involved a tour of Wema’s farm, football matches, outreach visits and a wonderful celebration day. Many of the FATE alumni who had graduated from the programme over the years, returned to join the celebration and gave some wonderful speeches. They shared their experiences of being cared for by Wema and sponsored by FATE, inspiring many more young Wema beneficiaries to work hard and follow their dreams.

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

We have gratefully received ongoing support and donations from John and Annabelle Yeomans help to cover FATE’s admin costs meaning 100% sponsorship funds continue to reach the children they are raised for.

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

Financial Review

Results and Funds

Income increased from £17,048 in 2022 to £33,524 in 2023. This was due to the receipt of four years’ worth of gift aid (which totalled £11,568), and the ongoing support and loyalty of our wonderful sponsors and donors. A decrease in the value of the Kenyan Shilling also resulted in a reduction in the total annual outgoings. After expenditure of £14,027, this left a reserve of £48,977. (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 24 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 British Pound remains strong against the Kenyan Shilling and helps to mitigate some of the impact of increased costs. The situation will continue to be monitored closely.

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

Bought Forward Reserves Incoming Resources Sponsorship Donations Donations Fundraising Activities Gift Aid Total Income Resources Expended Charitable Activities Fundraising Costs Admin costs and fees Total Outgoing Net movement in funds Total Reserves remaining	Year Ended 31st December 2022 Year Ended 31st December 2023 £18,022 £9,854 £15,696 £18,287 £1,298 £3,669 £55 £0 £0 £11,568
	£17,048 £33,524
	£14,164 £12,649 £0 £0 £360 £1,378
	£14,524 £14,027
	£2,524 £19,497
	£29,480 £48,978

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

1125401

Receipts and payments accounts

1/1/2023 12/31/2023 To

For the period from

CC16a

Section A Receipts and payments

Section A Receipts and payments
A1 Receipts Sponsor 18,287 Donation 3,669 Fundraising - Gift Aid 11,568 - - - 33,524 - - Sub total - Total receipts 33,524 A3 Payments Wema Child Sponsorship 12,649 Admin 1,378 - - - - - Sub total 14,027 - - Sub total - Total payments 14,027 Net of receipts/(payments) 19,497 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 19,497 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases,(see table)	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds	to the nearest £ Endowment funds	Total funds to the nearest £ 18,287 3,669 - 11,568 - - - 33,524 - - - 33,524 12,649 1,378 - - - - - 14,027 - - - 14,027 19,497 - - 19,497	Last year to the nearest £
		- - - - - - - -	18,287	15,696
			3,669	1,298
			-	55
			11,568	-
			-	-
			-	-
			-	-
			33,524	17,049
		- - -	-
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		-	33,524	17,049
		- - - - - - - -	12,649	14,164
			1,378	360
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			14,027	14,524
		- - -	-
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		-	14,027	14,524
	-	- - - -	19,497	2,525
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	-		-	-
	-		19,497	2,525

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s))	to nearest £ to nearest £ - - - - - - - - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
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			OK
			to nearest £ Endowment funds
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			Current value (optional)
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			Current value (optional)
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			When due (optional)
			Date of approval

I CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteos On accounts for the year ended PCL 13 Charlty no lif any) 112S*ol Set out on pages I report to the trustees on my examination of the accounts of the above charty (Yhe Trust°} for the year ended Responsibililies and basis of report As the charity's truslees, you are responsible for the preparation of the accounts in accordan￿ wrth the requirements of the Charrlies Act 2011 {llhe A¢t'). I report in respect of my examination of the Trust's accounts carned 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)Ib) of the Acl. Independent tThe chanty's gross income exceeded £250,000 and l am qualified lo examiner's statement undertake the examination by being a qualified member of linsert name of applicable listed bodyl]. Delete I l rf nol applicable. I have completed my examination. l ￿￿finTr that no material matters have come to my attention in connection with the examination {olher than that disclosed below ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordano with section 130 of the Charities Act, or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements Con￿mIng the fomi and content of accounts set out in the Charities (Accounls 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 COn￿M$ and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please del te the words in the brackets if they do not apply. Signed: Date: Name: CL Rel•vanl professlonal quallfl¢alion{s) or body IER Oct 2018

(if any): Address: . )wA-4 CLOS LJ>w i Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts". directions and guidance for examiners). Give here brief detalls of any items that the examiner wishes to disclose. IER Oct 2018