Company registered number 07079874 A PARTNER IN EDUCATION (Company registered by guarantee no. 07079874. registered charty . 1133224) ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 111111111 *ACCW7HE" 2W09r2023 ¢OITrANIES HCItsE AOS
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NIP Accounlants Ltd
A PARTNER IN EDUCATION (Company Ilmllod by guarantee no. 071¥19874, reglsleved eharlty no. 1133224) REPORT AND HNANCIAL STATEMEPITS For the year onded 31 Dgcember 2022 CONTEKrs Page Legal and administrnlivo inlormalim Tru$ttts' Annual Report In(Wndenl examlnerfs report ststemenl of Ilmnclal actlvltleg Balance sheel ststemenl ol cash ffows Noles lo the Imanclal statem 10
A PARTNER IN EDUCATION REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS For Ihe year ended 31 lknber 2022 Company rog. no. 07079874 Charlty reg. no. (EnglarMI) 1133224 Charlty reg. no. (Scotland) SC043470 Aeglstered olll¢e 91 Eaton Terrace Lothn SW1W 8TW TNstee8 The injstees. who are also directors under company law, who serwed durrng the year and up to the date of this report were as follows: Sr Ketth Aiebo lan Henn Dr Susan Homer Mtchael Mitchell 8rooks Newmark Lucy Newma Marcus SiarSirwJ Key managemont personnel Irene Connewy, CEO {Rwandal Beth Smith. CoMmunicanS and Operations Manager IUKI B¥nkw4 Coutts 440 Strand, London, WC2R OQS Independent Exwnlner NfP Accountants Lid 3rd FI1, 86.90 Paul Street London. EC2A 4NE
A PARTMER 114 EOUCATION BOARD OF TRUSTEES. REPOAT For th• yor ended 31 December 2022 The Truslees (who the DwettoTS ol fv charilaNe company ft>r Ihe wr[seS ol the Cofflpanies Act). present th$ir ¢omkn"ned Directors, report and Trust¢¥s' annual report la5 required by cornpany and Charity bawl. together ith tho financi¥ statents ol A Partner in Education lor year 31 08¢emb&r W22. Tho TnÈst88$ ¢onfimi Ihal the annual report and finanry statnents ol the charrty cOrnY with ojryenl statutory requirements, the réquirèmènts of the chantys gov•ming dUnI. and thè provtsion5 of the Statement ol Rècommended Pralce ISORPI. aPab kn chariti'es wepafirtrJ Iheii acUnts in th• FInart Rerting SiaTrJar applicable in the UK and ReLx4ic of Irdarnl IFRS1021. The ret¢ren¢e and adrNnistratNe Yrfomation s•twt on page 1 part of thi5 rep Income afKJ expeodttufe havo twi analysed ty naiure ratlw than by acb¥ity. takirg thantage of sectiors 4.6 ar 4.22- 4.26 of this SORP. A Partner in Educats"on was regisiered ay a c•)npany limited ty guarantee in Er4JlaThJ aTrJ Wales. irtCOTporated at companies house on 18 Novener 2rA)9. The oynpany FS alxt a registered charity the ¢harity MMisSIon, registered number 1133224. A Partner in VAS LXMBtiW wvjer eMndUm ar1 Arbcles ol Associalion dal&J 18 Noveftknr 2009. The govemance ol the charity is Ihe respslIty ol the Tntee$. Day to day mwent is by the CEO. wtho draws on the suFp)rt and •xWisè ol thè hhty ewimd Board ol Trustees as needed. Tnjstegs arg elected under thè mis of tl MemorwKhJm aTrJ Artide5 of ASslati[)n. Now Trustees are selected by existiThJ Trustees and are pecpl¢ have spe¢ift niieresi in the tharity and a rang8 Ot SK15 to enhan¢e its dgvdowrffnL The Trustees served during the ar•J aft•rth• eNI are page 1. Indu¢iion WKI tr•lhlno ol new Tru•8 New Tmstaes undeoo an 01tontab to briel tITr of iheii W 0tr13ations uThler charity law, the comrniilee aTh decists)n.mthThJ processgs and rerent lin•Kial adivities ot the charity. Related p•rtles and relauonshlps trlth other oryanls The Charity has ¢onsKl8r8d the ithsdosure of fv SORP lor re10nShi}s. eharty ha$ no rlat8d party cOnnectKs olher organisatnS. The Intst8es consKl8r that Ihe ol Ihe t&Jard and their close connedions io b& only relaied pa"9$ ot the chawity. All trleeS we their lime YOnIarY and revive no tsè11ts Irom the charty. Any eypenses r8daim8d from thè eharrty arè sèt out in note S to th accounts. Trustees are required io dbsthse all retevant intwests a1 regster the UK Manag8r a110 thdraw from d8ci*ons wknere a con11 of interest arises.
A PARThER IN EOUCATION BOARD OF TRUSTEES. REPORT For thè ye¥r ended 31 De¢emb•r 2022" R8mun8r8llon polky fov koy porsonnol The pay of the charity's Chief Exeb Ollw, ch Operations Officer arJ UK CommLtnications and Op8ration$ Manager are revievd anfity. The trusts¢s (traw on Ihwr of th& sector and comrnon practrce in other charities ol similar ze to enre thal the remunera1 set is Ir and in that generally paid for Similar rc4e& Rlsk managwn• Tho 8oa¥d ol Truste a¢¢gpts its F0SF1)lItieS lor gnsuKW¥J that ts mailw rtsks to vthi¢h th& Charty Is exposed are idenlilied, and that there are S•M$ and Trn to M94t? those risks. Risk registers arè ravtewad r8gLlaity at meetings ol the Board ol Trustees. Obloct1v a¢tlWivs lor publle b•n•fft purpo and •lm• The ¢h8rity$ object as set out in Ihe Asstits&ion 1$ to alfva edtitsn in dèveloping cwn¢rie5. A Partner in EltIOn was estailished as a Ull tharity ten al$ ago. in respjnse to an urgent need in Rwanda fof hoc4s to be rebuilt in the altermath ol tr 1994 genwde. APIE bj1 a wlh the aim of I)rkIrj in partnership Mth rts I1 staff io develop a local fflC ol excellwtt that Lthimatdy could be s¢al¢11. Umubano Academy Open irb 2013 aThJ in soven yeats has achieved eXCeller in a¢adenM¢ 4¢8Vernent, indusion, weNLino. dDz&nship and as a model ol Cation lor sustst"n4e peace. Umubano ts now recogn80 as a 'leaLI schoc4 for peacg, in Rwanda and APIE hs mainlwn this today. APIE is rthy beirwJ ask&J to disseminate this rnodel a¢ross th? c¢wntry. In line ilh the Governmonfs pri(Kib8s, APIE aim5 to hdp charvJè the bi9agr pUre ol leaching practice across Rwand4 wthlst n11n1j to SUFPNt its sludenls at UlThjb Academy aThJ changing indwiduJs' lives ai the local ve1. Our vision A wodd there all chiktren in FlvrarKA rgoardoss ol backgrouNJ ano Iwe the LWX)rtunity to recoive high qualty 9duca1. Our mls To tteale svslainabk a1 [alty led teacher tra#iir¥J. D¥if9 the ol education In a rnpKly dwelqyng eOLtntry. Our alms To develop a mcéjel Sr> kn derTrMtratehkn ts T&. wn try kKal ieathets arvj using local mateYi819' To devdop prc4Jramm•s to imsrn the quality ol t1[v4 and educkn"on. Prlnelple •clivilles APIE ¢wi¥s oul athviti&s reled to the imwovement of A¢aO8my in Koali. RwaThla. as tll as Publlc bpnellt Th& Board ol TnJ*egs cty)fimi have oyryAied Titi Iheir duty to havg regard 10 Ihe guidance on blic l)enolit published by the Chaiity C{¥nmi0n in exwagrvj t111 dulle&
A PARThER IN EDUCATION BOAAD OF TFIUSTEES. AEPORT For the yeAr ¢nd¢d 31 (JeCeM 2022 In È022. APIE surwted umn0 A¢ademy ¥ffjth CoffjiNous Profesgonal t)eYekynent lty teaLws and schc leaders. aThJ helped Ihè cr8ation and IMrnantatiOn ot Irrorovement Plan. This ¢4an indudes Ihè improvement ol teaching and learnirrfJ, ol Sch[ 0pJanL8ati a1 in¢reased Stythnt and community wiupation. Sevoral ¢ampus dsveliynent woiects hav• onharK¢d fv stsff arKJ Stlefits. eXperi$n ol l$achiThJ and leafnlng. and resulted in tetter py0visK in a range of T)£. The th"nirKJ lac¥l6ties were impyoved to enth the s4KKA lo thè vthol¢ xhool fe8diNJ prcJramme required by the Ministry ol Edlal?n. Thg courts lor b&sketbl and vol8ybaH w¢fo WEovatgd aTrJ yyaded. A 1xand.r Gwls. Room VA8 txr7sIrt. The inclusive eth05 01 th• scho(A 1$ one ol irs Iro inwrtant Mmitments. APIE provided 36 5tu¢Jpnts with a s¢holarship to Umubano Academy. suppxthrg I)se ttho DLAd Th)1 bo the to atteTrJ. Through thè GIRLS Circle (Girts Inr by Re Leaders) gx gtrfs on schcAarships in fv lower soary were mentwed by a group of inspiiaiKJnal vA)men in the USA. to emF4)wer ihom iih w$"V¥ aiirtth. skA15 and rong det¥mination to SLrLeed in schcol and beyond. APIE is ¢Je¥ek)pirKJ materias on gwthr resp)$¥8 teachiryJ in the ClasSr)m. to help £¥rf8 br1 n>ye from knamirYJ. APIE has also supported iha school's Indusi¥& gthos mrwJh the Special EdLKati¢)rt Needs ISENI programme. This wides speoaftst tr&nirvJ to staff on how to drfferertie lor 1 ud&nts how to creat8 a SUPF)r1ive enthing envifonment for $tud¢nis E(hKalbonal Needs. 11 aims to enwre that every chikl is able to access a qu&rty edwalK)n. regardl8ss ol ¢h8ir background or tCatiOnal requirements. The outreach teachor training woJrarnmes in 2022 induded Ihe E(kKation for Postrtiv9 Peace whKh APIE rolled nationlY in 1 16 TeaCr TwnirwJ Cdt¢ges (TTC5}, Ihe 16 K#je1 schorAs attached to Ihe TTCS and a group ol sehoc4s in Kigal. T¥s siijported over S.¢knJ Thc and lÈad¢fS. rrc tutots. student teachers and in.service teachers a¢ross Rwanda to enhance thwr skrfds and of tte behaviour managernent. SOCI and Emotnal Leamlng and ItKlusM)n. In adthtion. APIE was the Rwafvsg country lead on ihe E¢knation C4)mmtssion's Innovative PedapJies PleCt. Tesearching imovabve, engaging and a(WINe pedwios in the ase in a range of s¢PthL8 a¢Toss the ¢ounty. APIE engaged at nalional level to Influer Ky[nake[S through advw on a WK variety ol educational topics. Membership ol a numLw of lthr¢af groups. TA5S and nalional.levd tr"ng5 enatled conlribulions to nationat revhm ol the pi)iities aThl pK¥Jress m in ¢thGion sector.
A PAAThER IN EDUCATION BOAAD OF TAUSTEE¥ REPORT For th? year ended 31 0nbel 2tr22 Fin•n¢W review Fanalp0Sthn Thg Charity achiwed nèt incomè lor the year of £14.11712021 - net 0xp8ThIe of £7.2851. d&tals of which ar shown In the Statement ol Financ¢al Activiltes on page 7. Tolal irKome for the year amounted to £214.765. an bncrease of £79,763 on tl year. arKI total expenditure amrwnte<l to £200.648. #n iweasè of £58.361 on previws year. Reserves Poky 11 1$ Ihe Fdicy of the Tfttees to th t0•AS arml maintain free eeS at a levd &4uNaknt to at leasl three monlhs, running costs to covef all eventualittes and 8nyp)•s. At present this is tah)JlabJ to be £26,150 I70Ut UK salaries thieh are 11 lurthd by projects). The Charity's resefves at the eThJ amount to £17.934. The Iwstee5 note that this is tjelow Ihe FK)Iy requirement and are ¥Jrking to sncTease r85w¥es lo this18vel in comiry yew5. Goiw ConLYm After making approprFwe enquirios. tr tyustses have a reasonable eywuation that the ¢hariiabl¢ ¢onwany has adequate resoueS to continue in operationd existence for the foreseeat4e fulure. For this reason. Ihey continue lo ad¢)pt Ihe going concem bass in prepar¢ng the fmroal $t¢ments. Futhr deiails Tegar(lir¥J the adoption ol Ihe ging Coe basi5 ran be l¢)urKI in the Aaunt¥j Th8 Trustoes afg gratefLI lor lh8 continued fmanaa gJPWt from UK Aid Oirect. Lel Pilon, nan Famly Fourthln. Tony Randal TheatrKal FouThJation, Ythria L8agug. BFSS aTh1 Olher partnsrs. Plan$ for lutur• wlods During 2023. the charity VKII cor5tiTh to thance e(IKatron in Rwarth. by Si¥WlirwJ our partr mrJel se01. Urnubano Acaderny. to derThJnstrate whal is by devewng ¢yJioach Ffogrammes to iMFve the quality ol teachi and etiOn. r¥tlon ol th• rwl This report was prepared followng Ihe Staiement of Re))rnme Prxtrce ISOAPI 2015 FRS102, and lakiThJ advantage ol prowyons W"cthe to smajler charities. Approv•1 of Ihe r This pOrt was aFv0V by Ihe Board ol TnteeS on .... .. aryj saned on Iheir behth by". Dr Su$8n Horner Char
A PARTNER IN EDUCATION INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES For the yw endod 31 lknmber 2022 I report on Ihe accounls of the charity lor the year ended 31 December 2022 set on pages 7 to 20. Re¥pgctlve iosponslbllttles of the Board ot Trustees and exwnlner As the trusiees of the charilable company {aThJ also its directrKs for purposes of company lawl you are responsible tor the preparation of the aeLounts in accord with the requiiemenls of the Companies Act 21Y)6 Ilhe 2006 Acl'l. You are satisfied that the accounts ol the Company are nol required by charily or company law lo be audiled and have chosgn inslead lo have an iThJependent examination. Having satisfied myselt that the accounts of the C(Mnpany are not required to be audrted urthr Part 16 of the 2006 Act and are eligible for independenl examination. I report in resi*cl of my examination ol the Company's accounts carrie(J oul under section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Cornmission urthr sedion 14515llb) of the 2011 Act. lndepeftdw examlnw's slatement I have compleled my examination. l ¢onfirm Ihat no matters have come to my attention in c4)nneclion wth the examination gr¥ing me cause to be.eve that in any rnateri respe. accourbting records were not kept as rth]uired by saetK)n 386 01 the 2006 Act; or th8 accounts do nol accord valh IIM)se records: LY Ihe accounts do not cOmY wrth the accOuntij requirements of seclK)n 396 of the 2006 Act other than any requirement that the accounts gNe a arkj tw view wtiich is not a matter cons as part of an independenl examinalion., or the accounts have not been prepared in accordance with met1$ and prin¢pl¢s of Ihe Statement of Recommended Practice for accounling and reFQrttng by charities apF4icable to charities preparing their accovnls in accordance with the Finarri& RertIng Standard appFicthe in the UK and Republic of Ireland IFRS i¢Y21. I have no concems arKI have come across rKJ other matters in conneclion 7hryth the examination to which attention should be drawn in this report in order to enable a pvcper understandsng ol the accounts to be reached. Charles S8emplll4 ACA NIP Accountants Lld Chartered Accountants 86-90 Paul Street London EC24 4NE .L 2025
A pAim4EA IN EOUCATION STATEMEiff OF HMANCIAL ACTM Ilneorporatlng Ineomt and EXpendIre al Toial Rwllwl Gth• and Lo#eJl R>r the ye•r 8Thl•d 31 De¢efflW X122 Fund$ Fund¥ INCOME FROII Donations and legaues Inv8s1rn8nt Ince.. bank inler8St 2V18 1•4.947 4765 132. 135.( TOTAL INCOME 732,046 EXPEMDMJRE ON saarie$ Pension Consu¢ta Recruttrnent Staff trwning Propcl costs UA A¢adorni¢ 0k$ UA A¢ad8rnic equient UA ConsInl UA Schc4arsWi FuTrJ UA F8odino Progiamn UA Hartjship Fund UA SEN Offter pr(itct Costs Office & governance c051S and antir Iithpernlent exan8{ A¢fveIts"g & Marketing Fundrasng Harthre In.country travd subgsle CoTporale insurane• Inlernatimal trav81 Moioryehicle eynses oirte rent Postage. Printing & StatbJn8ry Sothware, aThJ Web Hoslir Olher office overheads Exchange gwnsllb)ssesl 14746 4,437 875 73. 171 1039 14185 15.016 275 io 15.396 275 13 11,054 11.161 6.433 425 7.3 6.433 425 7.3 4,769 6.951 6.407 4.769. 6,951 16 ¥195 37 37 1,412 476 337 651 551 Im7 712 337 1.995 3.1 1.7 1,495 817 7.713 1,618 (1,647) 911 {4,010) 427 (1,647) 1.191 {401 TOTAL EXPEIIDtTURE 132,2T t in I lexkwditurel t gwnsl Ilossesl and Iransfws Tn518r t*knn lunds NEf INCOMEIIEXPENDifuREI FOR THE YEAR 12WI 141117 (7.059) (226) 18.496 (7.285) IZJ2W 37225 14117 125.555) 18,270 (7.285J RECONCIUATIQII OF FUNDS TOTAL FUNDS AT 1 JANUARY 2022 41.142 18270 59.412 66.697 66,697 TOTAL FUNDS AT 31 DECEU8eR £ 17 934 £
A PARTNER IN EDUCATION UmSted b uafantee number 070774 com BALANCE SHEET As at 31 Decembw 2022 Not•s 2021 CURRENT ASSErs Debtors Cash at bank arKt in harKI 131.549 125,390 133.184 127.023 CREDrroAS: amounts falllng due wllhln one year 10 (S9.655) (67.611) NET CuRREr ASSErs TJ 59,412 NET ASSETS FUNDS Restricted funds Unrestricted funds 55.595 17,934 18.270 41,142 11 59,412 For Ihe year eFKted 31 December 2022 the Company was enlitied lo exempbon under seciion 477 01 Ihe Companies Act 2CAJ6 relating to Sm1 companies. Directors, reswnsitsliti'es.. 111 Thg members have not réquired thè Company io c*tsin an audit of its accounts for the ar in cwestion in accord with sectKJn 476. lill The directors aeknovAech3e their re5FSit"l1tieS for com1ng with the rewirements of thg Ad I1h respect to accounliThJ records and the weparation of accounts. The financi staiemenis have been prepared in accordanee wilh Aeeounting arrtl RerThiing by Charilie5.' Slatemenl ol Reeommer&d PraCte apr4icae to charities preparing their accounts in aceordanee with the Financial RepKSrting Standard appIable in the UK arKI Repu ol Ireland IFRS 1021 leffeclive 1 January 20191- Icharilies SORP FRS 102), the Financ1 ReportiThJ Siandard applKable in Ihe UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. They were approved. arKI authorised for wue. by the Board of TnAstees on signed on their behalf by'.- .. and (rf. Ho DR SUSAN HORNER. Chr The annexed rmilos tomi part of these fHwi¢ial statements
A PARTNER IN EDUCATION STATEMENT OF CASHFLOWS For the year ended 31 Decembw 2022 Cash flows from operating actmties 14.117 (7,285) cash provmled by I (used In) cw8rating 1¥1$ Ilncreaselldecrease in stocks Ilncreaselldg¢r•aso in debtQTS IncreaseJldeciease} in credilofs (21 (1,286) 65,407 (7858) 64,121 Change in cash and cash equivalents in the year 6,159 56,836 Cash arKI tash equivaFents al the beG4'nning ol the year 125,390 Cash arKI ¢ash equivalerrts al the year end 125,390
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022 1. ACCOUNTING POLICIES 8asl$ olprnparadon offlnancW 3thtents The a¢¢ounts have been prepared under Ihe hisiorKal cost &counting wles, aTrJ in accordance with Accounting and Reporting by Charilies: Statement ol Recommended Practice applicabte to ¢haTities preparing their accounls in accordance th the Financid ReItij Standard in the UK aThJ Republic of Ireland IFRS 1021- (Charities SOAP FRS 102}, the F[nala1 Retwfing Standard aPpIable in Ihe UK and Rewblic ol Ireland IFRS 1021 and Ihe Companies Aci 20L. Assets and liabilbties are inthamy reco3nised at hL8toiical or transaction value unless otherwise $18d in the relevant aCcolrJ poIY or note. Income and expenditure have been anatysed by naty ratrr than ty acbvity. Ling thaniage of section$ 4.6 and 4.22- 4.26 01 this SORP. Judgements and key sources ot estimalion uncertainty are d8tsled in the ace£unti)g poIleS where applicable. Publlc benelltentlty The tharitable company meets the dèfinition ot a benefrt lIty urbr FRS 102. Golng concem The Trustees consider that there are no material uncertainties atL)ut the charbtable companws ability to continue as a g¢yr¥J concern. Key judgements that the charrtable company has made which have a significant effect on the accounts indude estimating income arvj expenditure for the nexl 12 months, in particular the economic impact ol the COVKI 19 pandemic. Income is recognised when the charty has enliyemenl to the funds: this is vthen any pertormance conditions attached lo Ihe inffle have been met, it 15 wobat4e that the ie will be reGeived. atKI thal thg amounl can be measured reliably. Income from govemmgnt and ¢>ther grants, whetrw 'Ca' grant5 or 'revenue' grants, is recognised when the charity has entillemenl lo the funds. any KrtorMa coTrJitions attached lo th8 grants have been meL it is probable that the inc8 be receNed and the amount can be measured rla aFKI 15 not deferred. For legacw, entitlement is laken as the earlier of the date on whth either: charity is aware that probate has been gramed. the esiate has been linli8ed nolifution has been made by the executof{sl lo the charity Ihal disiribulion wll be made. or when a dislribulion is receNed from the estate. Receipt ol a legacy, in whole or in part, is On conwdered probable when ts amourt can be measured rellaY and ihe ¢harty has teen nolilied ol th8 executor's intention to make a di5trtbulion. Where legacies have been nolilth lo the charity. or the charity is awa ot the granting of wobate. the criterra lor income recognition have not been mel. then the legacy is Irealed as a contingenl asset and disdosed if material. Income 1$ onty deterred when.. the donor that ts grant OT donation must onty be used in future accounting periods; Of for F¢rfomiae related grants, vthero these are receNed in advafKe of thè perfonnances or specific event to wtich they relate. 10
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMEiirs For Iho year ended 31 December 2022 Donatlons of glft4 sefvlces and 18cIIIt Oonaled professional seThices and donated lacliknes are recognised as income when the Charity has eonlToI over the rtem or received the seryice, any (xM(btyons associaled the donatK)n have been mel, the receipt ol economi¢ benefit Irom the use by ihe chanty of item is probable arKI thal econom benefrt can be measured rdiably. In accordance with the Ch11 SORP IFRS 102). volunteer time is not recognised w ler lo the trustees. annual reFQrt for more information about Iheir contritAJtion. On receipt. donated grfts, professtonal services and donaied facilities are recognised on the basis of the value of the gift to the charity which is the amwnl the charity woutd have been wdling to pay lo obtain services or tacililies of equivalent economi¢ benefit on lh¢ open market.. a ¢orr¢$wlvj amounl is then rgcognised n expendilure in the pgriod ol [elpt. Internst rncelv8ble Interest on lurnYs held on dekM)srt Is Ill when receivable and the amount can be measured llabty by the charity. this is rMallY Lbpon nolilicalion ol the interesl paAJ or payable ty the bank. Comp8nystatU3 A Partner in Education is a company limited by guarantee. In the event ol the Charty being wound up, the liabilty in respect ol the guaranloe is limited lo £1 per membef d Ihe Charity. Fundaccounling Fleslricted funds are to be used for specifi¢ wrposes as laKI down by lh8 (bnL. Expenditure whth meets Ihese r(£eria is Charged to the furxl. Unreslricled funds are dwalions aThJ oYr incomiNJ resowces re¢eNed or generated for charitabk purposes. Dasignated funds are unrestricted fur•ts earmthed by the trustees for parI1Lqr wrposes. Expendllure Irrecoverable VA T Expenditure is recognised once there is a leg or constsuctive oblMJalion to make a paymerrt lo a Ihird paty, il is probable thal settlement wll be required arKI the amount ol the oN)ation can be measured reliably. ExF¢fKlilurg is dassified under the lollowing activity head1r. Fundrasing costs Costs ol raising funds relale IO the ctJsts Inced by the ¢haritth company in irJueing third parties to make voluntary contributions to it. as as the cost of any activities t**th a fundraising purrx)se. Charitable aclivths Expenditure on charilable aclrvilies includes Ihe costs of delNwiw servus ano reathrrfj acti%&rylies Lsndertaken lo further the purposes of Ihe ¢hanty a1 they asswiated Sup[ cos Other expendrfure Other experKliiure rwesents those iterns Ml fallirKJ into any other headirKJ. 11
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMEpirs For Ihe yr ended 31 December 2W22 Resources expend are allc¢aled lo the Partilar activtty vthere the cost reLales directly lo that actNity. Staff costs are staled on the basis ol stsff time. Skwort Costs wtiich cannot be directty attributed lo charitable aclrvitKgS are allocated in prowrtion lo staff costs. Where infomiation abwt the aims. oty'e¢lives aThJ pyoiects of the chartty is also provwjed to polenlial donors, aclivty costs are apkKsrtioned between fundras1 and charilatle activiti'es on the basts of the area ol literature o¢¢upied by ea¢h athvty. Owating leases Renlal charges are charged on a straighl lin8 basis over the lerm ol the lease. T8ngibl• fixed •ss•ts •nd d•prn¢i•tion Tangible fixed assets lexcluding investsnentsl are staled al cost S depreciation. The cost of minor additions or those costing less than £300 are not capitalised. Oiher tixed assets with an expected lile of more than one year are included al cost less depreciation. Depreuat#)n is cawaled on a straight line method as cost less salvagable value over the asset's exp¢¢ted uselul lile. l)ebtt>rs Trade and other debtors are recognisfjd al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepa1 net ol any trade discounts due. Cash at bankand In hand Cash al bank arKI cash in harKI irtludes cash arbj short tenm hithty Imiud w)vestsnents TArylh a short matixity ol three months or less from Ihe date of acguisition or otwiThJ of the >)sf( or milar accounL Cash balances exclude any lunds heid on behalf of s¢M¢e users. Creditors Jndprovislons Creditors and wowsions are recognised vthere the charity has a present lgation resurting from a past event that will probably result in the transfer of fur#ds lo a ihird party and the amount due to settle the obligation can be measured or estimated re1ly. Credttors and provisions are normally recognis•J at their gettlement amount after allowng for any trade discounts the. The charity onty has linancid assets and finartial lithiriies ol a kiTrJ that qualrfy as basic flnancial instruments. Basic financi instruments are inrtiIY recognised at tran$athn vue and subsequently measured al their setuemenl value wlh the exwtion of bank loans whKh are subsequenty measured at amortised c051 using the offective interest method. Pensions The charity 0rat8$ defined contrtsthns pension schemes lor ts staff in thtt UK arKI in Rwand& The amounts payable are recorded as expeThdilure in Ihe peric*J in which they fall due. TO1 pension contributions made durlng thè year are treated as an expense arml 7Awe £S.60912021- £5.3841. 12
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMEKrs For the year ended 31 December 2022 I DONATIONS AND LEGACIES Unrestrlcted Reslrtcted Funds Funds 2022 2022 Total Funds 2022 Total Funds 2021 DFIDIFCDOIUK Aid Dire( Grille Foundaiion Lef PilEon TRTF Dinan Famli y FoundatTr BFSS Souter Foundab'on TFN Merriman Generai donatn$ 50, 797 27 2,537 15,052 4.697 14A51 33202 3,062 19,631 10,000 111J94 14500 4,697 14,211 1&585 13. 104 140 14.617 8,534 23.034 19,631 10.000 101.290 10,104 32,527 29818 £ 184947 £ 214 765 £ 135,002 3. INCOME I EXpENuRE FOR THE YEAR This is slated after chargtrwJ I crediting: 2021 Independent auditofs l examinefs remunerion: Independent examiner's lees 960 13
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 0o¢¢mb¢r 2022 4. STAFF COSTS ANO NUMBERS Unr•stricted Reslrlcted Funds Funds 2022 ToLg1 Unrestricted Funds Funds 2021 Restricted Funds 2021 Toial Funds 2021 Salary costs Wages and salaries Pension costs ¥923 45.823 84.746 4.437 875 73.171 77,608 40,923 49.432 90.355 5.372 82,992 other staffing $18 Staff Iraining Siatt insurance Consultancy 13 367 2.187 15.185 io (311) 75.046 1.751 1,440 15,396 1.068 14,117 £ 43.392 £ 64.702 £ 108.094 £ 7.486 £ 92.425 £ 99.917 The average number of emrAoyees {head Cnt based on Nmber of staff employed) during Ihe year was 6 (2021 . 61. The total employee benelits, including pension contribu1%. ol the key managemert personr*l were £50,818 12021 - £56.795}. In 2020. this irtkKles £31,380 lor an Interim Ch1 OFerating Officer consultant. During Ihe year, no employee's b111$ were alw)ve £60.000 12021 . the same). S. TRUSTEES. REMUNERATION AND EXPENSES Th8 ¢harty trustees wore not paKI and (Id r#)t receive any olher blit$ from association with the charity in the year12021 . £n1. No charity trustee received paymenl wofessiothil or other Se• suwied lo the charity 12021 £nill. No trustees re¢eNed payments in rMlSeMent ot out of rK¢kel expenses {2021- the same). & RELATED PARTY TRANSACTIONS Other than trustees. exponses atVe, there a no repmae rdatsd party transadions to dls¢k>se for 202212021 7. TAXATION The charikue company is exempt Irtyn corporation tax as al ts in(w is ¢haTiiabl8 arKI is awligd for charitablo purposes. 14
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMEKrs For the year ended 31 December 2022 8. PENSION SCHEME UK.. APIE operates a defined contrtiOnS n$)n scheme with NEST. whtch i8 a ryaltyng worplace pension. NEST is authorised arnl supemsed by The PensionsSlegulalor. This fund is inv8Sted wholly or predominanty in units ol such other funds tdenlilied by the Trustees of the pension $Cme and maintained by Legal & Gener Investment Management. These lurth may chawe from time lo time. The Fund Objective and BerhMath have also teen determined by the Trustees. Rwanda: APIE pays into the Governmenl pension scheme in Rala, Caiss& So(aal du Rwanda, as stipulated wi Rwandan labour law. The contribution rates are SYO by the empfoyer and by the employee. Individuals are eligible lo recve their monthty penyon at the ag8 0155 rf they have xcuMUlat 15 years of servtce, or at the age of 65. 9. DEBTORS 2022 2021 Dug within onè y Flwanda receivable 1.635 £ 1.633 1Q CREDrroRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2022 Deferred grant income PayToII liabiljty WOP liability Pensions payable Accruals 49.050 287 59.655 £ 67,611 8alance at 1 January 2022 Amount released to incomirva resr¢¢$ Amount deferr8d in tho year 66,364 (64364) 49.050 66,364 Balance at 31 Dewnber 2022 49.050 £ 66,364 15
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022 11. STATEMENT OF FUNDS Tronsfers and Brought Incomlng Resources Inveslmont Fon¥ard Resour¢es Expended gJlnslllos8•9) Carrled Fonvard RESTRICTED FUNDS Core E4P EQUIP project Umubano Scholarship FurKI Creative Arts Umubano Library Dinar Umubano Supplies arKI Equtoment 107,928 (W18) 4085 (4308n {15,388) 15 30,882 414 $77 3.552 6N97 577 12,397 8,630 2.n9 370 32J14 5%21 11.099 (23,469) (3.3881 (8.360) 370 £ 18 Nil E SUMMARY OF FUNDS General Funds Reslricled Funds 41,142 18,270 2918 184.947 <53,026) (147.622) 17,934 55,595 £ $9.412 t 214,765 £ Nil £ 73.529 STA TEMENTOFFUNDS- 2021 Restata Reslated Transfets and IOMing Resources investment Fonvard Resources Expended gal¢$e$) Carried Fonvard SUMMARY OF FUNDS General Funds Resthcied Fufftls 66.697 2.956 132.046 (10,015) (132.2T2) 59,638 {226) 142.28 Ni7 £ $9412 16
A PARTNER IN EDUCAMON NOTES TO THE FINANCIAL sTATEME1s Foi the ye•r ended 31 Decembor 2022 Core Costs UK.. Costs to ensure the orwiryd eff8CtNe lunctionirYJ of APIE as a UK Charity. Education lor Peace IE4PI.' 0e¢t to surwrt Rwandan educators to devel¢)p their practice, leaching chilthen to love challenges, leam Irom mislakes. enjoy effort arKI develop empathy. helping to create a generation ol giobal advocates lor wace. EOUIP: An FCDO funded project lo create and trial an frleamiNJ course lo train prtrprimary leachers in 16 modol scho5 and 16 leather training Colleges in rural Rwanda. Umubano Scholarship Fund.. This lund ensures can wpHs Irom the poorest families to receNe a quality education al Umubano Academy by provKlirrfJ luibon fees. unitorms. classroom materials. learning SUFP)rt and other loo to enable ¢hiklren to tr11d their future. Creative Arts: Projeth ertourage creabvity thrwjh dram& arts aThJ ¢ralts. dance and performance al Umubano Academy. Dinan knbrary Project.. ProjeGt to upgrade lh8 faolrfies in Umubano Academys library including purchasing books and laptops. providing high sd internet, creating an online catakoue system lor the library, creating an outdoor rea(ling area and funding a librarian edLalK)n suwjrt to train staff on the better use ol the library. Umubano Supplies arKI Equipmènt: SuN1rJ Umubano Aca to purchase vrtal SUFplies and equipment to sUpFrt the provision ol quality education. 12. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Unrestrtcted Fund$ i)eslgnaled General Funds Funds Rostilcted Funds Totgl Funds Net current assets 17.934 5S595 73.529 Nil E 17934 £ 55595 £ 11 ANALYSIS OF TTrIE NET MOVEMEMT W4 FUNOS Total Funds Toral Funds Funds Funds Nel movem& in funds (23,) 37J25 14117 (7,285) £ 37J25 £ 14,117 £ 7,285
A PARTNER IN EDUCATION NOTES TO THE FINANCIAL STATEMENTS For the year ¢nded 31 December 2022 . 1& OPERAnNG LEASE COMii1fMEPs The charty has no starKling lease ¢ommrments. 1& OTHER COMPANY INFORIIATION A Partner in Education is a charitatrje company limrtthj by guarani¢è. regiered in England with Tegislralion number 07079874. Its registered addre55 91 Eaton Teffa¢e, London. England. SW1W 8TW. The accounts are presenled in GBP rourmjed to £1. 18