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 #133 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$ttts' Annual Report In(Wndenl examlnerfs report ststemenl of Ilmnclal actlvltleg Balance sheel ststemenl ol cash ffows Noles lo the Imanclal statem 10 A PARTNER IN EDUCATION REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS For Ihe year ended 31 lknber 2022 Company rog. no. 07079874 Charlty reg. no. (EnglarMI) 1133224 Charlty reg. no. (Scotland) SC043470 Aeglstered olll¢e 91 Eaton Terrace Lothn SW1W 8TW TNstee8 The injstees. who are also directors under company law, who serwed durrng the year and up to the date of this report were as follows: Sr Ketth Aiebo lan Henn Dr Susan Homer Mtchael Mitchell 8rooks Newmark Lucy Newma Marcus SiarSirwJ Key managemont personnel Irene Connewy, CEO {Rwandal Beth Smith. CoMmunica￿nS and Operations Manager IUKI B¥nkw4 Coutts 440 Strand, London, WC2R OQS Independent Exwnlner NfP Accountants Lid 3rd FI￿1, 86.90 Paul Street London. EC2A 4NE A PARTMER 114 EOUCATION BOARD OF TRUSTEES. REPOAT For th• yor ended 31 December 2022 The Truslees (who ￿ the DwettoTS ol fv charilaNe company ft>r Ihe wr[￿seS ol the Cofflpanies Act). present th$ir ¢omkn"ned Directors, report and Trust¢¥s' annual report la5 required by cornpany and Charity bawl. together ith tho financi¥ stat￿ents ol A Partner in Education lor year 31 08¢emb&r W22. Tho TnÈst88$ ¢onfimi Ihal the annual report and finanry￿ stat￿nents ol the charrty cOrn￿Y with ojryenl statutory requirements, the réquirèmènts of the chantys gov•ming d￿U￿nI. and thè provtsion5 of the Statement ol Rècommended Pra￿lce ISORPI. aP￿￿ab￿ kn chariti'es wepafirtrJ Iheii ac￿Unts in th• FInart￿ Re￿rting SiaTrJar applicable in the UK and ReLx*4ic 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 Noven*er 2rA)9. The oynpany FS alxt a registered charity ￿ the ¢harity ￿MMisSIon, registered number 1133224. A Partner in VAS LXMBtiW wvjer ￿eM￿ndUm ar*1 Arbcles ol Associalion dal&J 18 Noveftknr 2009. The govemance ol the charity is Ihe resp￿s￿lIty ol the Tn￿tee$. Day to day mwent is by the CEO. wtho draws on the suFp)rt and •xWisè ol thè h￿hty ewimd Board ol Trustees as needed. Tnjstegs arg elected under thè *mis of tl* MemorwKhJm aTrJ Artide5 of ASs￿lati[)n. Now Trustees are selected by existiThJ Trustees and are pecpl¢ have spe¢ift niieresi in the tharity and a rang8 Ot SK￿15 to enhan¢e its dgvdowrffnL The Trustees served during the ar•J aft•rth• eNI are page 1. Indu¢iion WKI tr•lhlno ol new Tru￿•8 New Tmstaes undeoo an 01tontab￿ to briel tI￿Tr of iheii W 0tr1*3ations uThler charity law, the comrniilee aTh decists)n.mthThJ processgs and rerent lin•Kial adivities ot the charity. Related p•rtles and relauonshlps tr*lth other oryanls The Charity has ¢onsKl8r8d the ithsdosure of fv SORP lor re￿10nShi}s. eharty ha$ no r*lat8d party cOnnectK￿s ￿ olher organisat￿nS. The Intst8es consKl8r that Ihe ol Ihe t&Jard and their close connedions io b& only relaied pa￿"9$ ot the chawity. All tr￿leeS we their lime YO￿nIar￿Y and revive no tsè￿11ts 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 a￿1 regster the UK Manag8r a￿110 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 Exe￿b￿ Ollw, ch￿ Operations Officer ar*J UK CommLtnications and Op8ration$ Manager are reviev￿d anfi￿￿ty. The trusts¢s (traw on Ihwr of th& sector and comrnon practrce in other charities ol similar ￿ze to en￿re thal the remunera1￿ set is I￿r and in that generally paid for Similar rc4e& Rlsk managwn• Tho 8oa¥d ol Truste￿ a¢¢gpts its F0SF￿1)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 M￿94t? 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￿* ed￿titsn in dèveloping cwn¢rie5. A Partner in E￿l￿tIOn 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 bj￿1 a wlh the aim of I￿)rkIr￿j in partnership Mth rts I￿1 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, weNL*ino. dDz&nship and as a model ol ￿￿Cation lor sustst"n*4e peace. Umubano ts now recogn￿80 as a 'leaLI schoc4 for peacg, in Rwanda and APIE h*s 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 p￿Ure ol leaching practice across Rwand4 wthlst ￿n11n￿1￿j 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 a￿1 [￿alty led teacher tra#iir¥J. ￿￿￿D¥if9 the ol education In a rnpKly dwelqyng eOLtntry. Our alms To develop a mcéjel Sr>￿ kn derTrMtrate*hkn* ts T￿*￿&. wn try kKal ieathets arvj using local mateYi819' To devdop prc4Jramm•s to imsrn the quality ol t￿￿*1[v4 and educkn"on. Prlnelple •clivilles APIE ¢wi¥s oul athviti&s rel*ed 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{¥nmi￿0n in exwagrvj t1￿11 dulle& A PARThER IN EDUCATION BOAAD OF TFIUSTEES. AEPORT For the yeAr ¢nd¢d 31 (JeCeM￿ 2022 In È022. APIE surwted um￿n0 A¢ademy ¥ffjth CoffjiNous Profesgonal t)eYekynent lty teaL*ws and schc leaders. aThJ helped Ihè cr8ation and IM￿rnantatiOn ot Irrorovement Plan. This ¢4an indudes Ihè improvement ol teaching and learnirrfJ, ol Sch[￿ 0pJanL8ati￿ a￿1 in¢reased Stythnt and community wiupation. Sevoral ¢ampus dsveliynent woiects hav• onharK¢d fv stsff arKJ St￿lefits. 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 s4*KKA lo thè vthol¢ xhool fe8diNJ prc*Jramme required by the Ministry ol Edl￿al￿?n. Thg courts lor b&sketb￿l and vol8ybaH w¢fo WEovatgd aTrJ yyaded. A 1xand.r￿ Gwls. Room VA8 tx*r7sIrt￿. 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 t*tho *DLAd Th)1 bo the to atteTrJ. Through thè GIRLS Circle (Girts In￿r￿ by Re￿ Leaders) gx gtrfs on schcAarships in fv lower s￿o￿￿ary 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 b￿*r￿1 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 drffererti*e lor ￿1 *ud&nts how to creat8 a SUPF*)r1ive enthing envifonment for $tud¢nis E(hKalbonal Needs. 11 aims to enwre that every chikl is able to access a qu&rty edwalK)n. regardl8ss ol ¢h8ir background or t￿CatiOnal requirements. The outreach teachor training woJrarnmes in 2022 induded Ihe E(kKation for Postrtiv9 Peace whKh APIE rolled nation￿lY in ￿1 16 TeaC￿r TwnirwJ Cdt¢ges (TTC5}, Ihe 16 ￿K#je1 schorAs attached to Ihe TTCS and a group ol sehoc4s in Kigal. T*¥s siijported over S.¢knJ Thc and lÈad¢fS. rrc tutots. student teachers and in.service teachers a¢ross Rwanda to enhance thwr skrfds and of t￿￿t￿e behaviour managernent. SOCI￿ and Emot￿nal Leamlng and ItKlusM)n. In adthtion. APIE was the Rwafvsg country lead on ihe E¢knation C4)mmtssion's Innovative PedapJies P￿leCt. Tesearching imovabve, engaging and a(WINe pedwios in the ￿ase in a range of s¢PthL8 a¢Toss the ¢ounty. APIE engaged at nalional level to Influer￿ ￿￿Ky[nake[S through advw on a WK* variety ol educational topics. Membership ol a numLw of lthr*¢af groups. TA￿￿5￿S and nalional.levd ￿￿tr"ng5 enatled conlribulions to nationat revhm ol the pi*)iities aThl pK¥Jress m* in ¢thG*ion sector. A PAAThER IN EDUCATION BOAAD OF TAUSTEE¥ REPORT For th? year ended 31 0￿￿nbel 2tr22 Fin•n¢W review F￿an￿alp0Sthn Thg Charity achiwed nèt incomè lor the year of £14.11712021 - net 0xp8Th*￿Ie of £7.2851. d&tals of which ar shown In the Statement ol Financ¢al Activiltes on page 7. Tolal irKome for the year amounted to £214.765. an bncrease of £79,763 on tl* year. arKI total expenditure amrwnter the ye•r 8Thl•d 31 De¢efflW X122 Fund$ Fund¥ INCOME FROII Donations and legaues Inv8s1rn8nt Inc￿e.. 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 equi￿ent UA ConsIn￿l UA Schc4arsWi FuTrJ UA F8odino Progiamn UA Hartjship Fund UA SEN Offter pr(itct Costs Office & governance c051S and a￿￿ntir￿ Iithpernlent exa￿￿n8￿{ A¢fveIts"￿￿g & Marketing Fundrasng Harth￿re 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 T￿n518r 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 0707￿74 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 CuRRE￿r 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 Sm￿1 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 re5F￿Sit￿"l1tieS for com￿1ng with the rewirements of thg Ad I￿1h 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 PraCt￿e apr4ica￿e to charities preparing their accounts in aceordanee with the Financial RepKSrting Standard appI￿able in the UK arKI Repu￿￿ ol Ireland IFRS 1021 leffeclive 1 January 20191- Icharilies SORP FRS 102), the Financ￿1 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. Ch￿r 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 3thten￿ts 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 Re￿Iti￿j Standard in the UK aThJ Republic of Ireland IFRS 1021- (Charities SOAP FRS 102}, the F[na￿la1 Retwfing Standard aPpI￿able 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 $1*8d in the relevant aCco￿l￿r￿J poI￿Y or note. Income and expenditure have been anatysed by naty￿ ratr*r than ty acbvity. L*ing thaniage of section$ 4.6 and 4.22- 4.26 01 this SORP. Judgements and key sources ot estimalion uncertainty are d8tsled in the ace£*unti)g poI￿leS where applicable. Publlc benelltentlty The tharitable company meets the dèfinition ot a benefrt ￿lIty urb*r 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 in￿ffle have been met, it 15 wobat4e that the i￿e 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 K*rtorMa￿ coTrJitions attached lo th8 grants have been meL it is probable that the inc￿8 be receNed and the amount can be measured r￿la￿ 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 rella￿Y 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¢rfomia￿e 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 Ch￿11￿ 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¢$w￿l￿vj amounl is then rgcognised n expendilure in the pgriod ol [￿elpt. Internst rncelv8ble Interest on lurnYs held on dekM)srt Is I￿ll￿ 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 oY*r incomiNJ resowces re¢eNed or generated for charitabk purposes. Dasignated funds are unrestricted fur•ts earmthed by the trustees for parI1￿Lqr 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 Inc￿ed by the ¢haritth company in ir*Jueing 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 a￿1 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 y￿r ended 31 December 2W22 Resources expend￿ are allc¢aled lo the Parti￿lar 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 prepa*1 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 re1￿ly. 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 inrti￿IY recognised at tran$ath￿n v￿ue 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 0￿rat8$ 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 Foundat￿Tr BFSS Souter Foundab'on TFN Merriman Generai donat￿n$ 50, 797 2￿7 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 EXpEN￿uRE FOR THE YEAR This is slated after chargtrwJ I crediting: 2021 Independent auditofs l examinefs remuner*ion: 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 ￿$18 Staff Iraining Siatt insurance Consultancy 13 367 2.187 15.185 io (311) 75.046 1.751 1,440 15,396 1.068 14,117 £ 43.392 £ 64.702 £ 108.094 £ 7.486 £ 92.425 £ 99.917 The average number of emrAoyees {head C￿nt based on Nmber of staff employed) during Ihe year was 6 (2021 . 61. The total employee benelits, including pension contribu1￿￿%. ol the key managemert personr*l were £50,818 12021 - £56.795}. In 2020. this irtkKles £31,380 lor an Interim Ch￿1 OFerating Officer consultant. During Ihe year, no employee's b￿111$ 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 b￿￿lit$ 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 r￿M￿lSeMent ot out of rK¢kel expenses {2021- the same). & RELATED PARTY TRANSACTIONS Other than trustees. exponses at￿Ve, there a￿ no repma￿e 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 contr*￿tiOnS ￿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 $C￿me and maintained by Legal & Gener Investment Management. These lurth may chawe from time lo time. The Fund Objective and Ber￿hMath have also teen determined by the Trustees. Rwanda: APIE pays into the Governmenl pension scheme in R￿a￿la, Caiss& So(aal du Rwanda, as stipulated wi Rwandan labour law. The contribution rates are SYO by the empfoyer and ￿ by the employee. Individuals are eligible lo rec*ve their monthty penyon at the ag8 0155 rf they have xcuMUlat￿ 15 years of servtce, or at the age of 65. 9. DEBTORS 2022 2021 Dug within onè y Flwanda receivable 1.635 £ 1.633 1Q CREDrroRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2022 Deferred grant income PayToII liabiljty WOP liability Pensions payable Accruals 49.050 287 59.655 £ 67,611 8alance at 1 January 2022 Amount released to incomirva res￿r¢¢$ 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 29￿18 184.947 <53,026) (147.622) 17,934 55,595 £ $9.412 t 214,765 £ Nil £ 73.529 STA TEMENTOFFUNDS- 2021 Restata Reslated Transfets and I￿OMing Resources investment Fonvard Resources Expended gal￿¢￿$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 £ $9412 16 A PARTNER IN EDUCAMON NOTES TO THE FINANCIAL sTATEME1￿s Foi the ye•r ended 31 Decembor 2022 Core Costs UK.. Costs to ensure the orwiryd eff8CtNe lunctionirYJ of APIE as a UK Charity. Education lor Peace IE4PI.' ￿0￿e¢t to surwrt Rwandan educators to devel¢)p their practice, leaching chilthen to love challenges, leam Irom mislakes. enjoy effort arKI develop empathy. helping to create a generation ol giobal advocates lor wace. EOUIP: An FCDO funded project lo create and trial an frleamiNJ course lo train prtrprimary leachers in 16 modol scho￿5 and 16 leather training Colleges in rural Rwanda. Umubano Scholarship Fund.. This lund ensures can wpHs Irom the poorest families to receNe a quality education al Umubano Academy by provKlirrfJ luibon fees. unitorms. classroom materials. learning SUFP)rt and other loo￿ to enable ¢hiklren to tr￿11d their future. Creative Arts: Projeth ￿ ertourage creabvity thrwjh dram& arts aThJ ¢ralts. dance and performance al Umubano Academy. Dinan knbrary Project.. ProjeGt to upgrade lh8 faolrfies in Umubano Academys library including purchasing books and laptops. providing high s￿d internet, creating an online catakoue system lor the library, creating an outdoor rea(ling area and funding a librarian edL￿alK)n suwjrt to train staff on the better use ol the library. Umubano Supplies arKI Equipmènt: SuN￿1r￿J Umubano Aca* to purchase vrtal SUFplies and equipment to sUpF￿rt the provision ol quality education. 12. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Unrestrtcted Fund$ 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 COMii1fMEP￿s The charty has no starKling lease ¢ommrments. 1& OTHER COMPANY INFORIIATION A Partner in Education is a charitatrje company limrtthj by guarani¢è. regi￿ered 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