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2021-03-31-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS

31 March 2021

Ethiopia. Credits: Education Above All

We give children access to quality education if they are denied this for reasons like poverty, conflict, disaster, disability and discrimination

Educate A Child International. Registered charity 1160869. Bates Wells, 10 Queen Street Place, London EC4R 1BE, United Kingdom.

TABLE OF CONTENTS Page
Why we exist 3
Our support to out-of-school children 5
How we work 7
Thank you 9
Plans for 2021 9
Finance and governance 10
Statement of Responsibilities of the Trustees 14
Independent Examiner's Report 15
Statement of Financial Activities 16
Balance Sheet 17
Notes to the Accounts 18-22

2

WHY WE EXIST

Around the world 258 million[1] children were deprived of school even before Covid-19 struck. These out-of-school children are amongst the most in need, facing multiple and overlapping barriers.

Educate A Child International (EACI) provides quality education to children who are denied this due to poverty, conflict, disaster, disability and discrimination, aligned to the Sustainable Development Goals.

A message from our Chair of Trustees

The needs of children and young people are vast. As we are all too aware, Covid-19 has brought unprecedented challenges, impacting all areas of life and leading to a major disruption of education. The right to education of nearly 1.6 billion learners in more than 190 countries has been affected. Fortunately, schools have been re-opening in many countries and educators and learners will work hard together to catch up on lost time.

There is another, systemic challenge underneath this. More children will join the quarter of a billion children who were deprived of school before Covid-19 struck – due to poverty, conflict and disaster. We are working tirelessly to support them.

I am delighted that EACI has been revitalised with the arrival of James Shaw-Hamilton as Chief Executive. This report describes the work of EACI in 2020/21 and some of its plans for next year.

EACI’s work will build on and further strengthen the mandate and global impact of the Education Above All (EAA) Foundation, which was founded in 2012 by Her Highness Sheikha Moza bint Nasser to fulfil the right to education of those at the greatest disadvantage. EAA is operational in over 55 countries, working through innovative partnership and funding approaches. To date, it has:

There is more information about EAA at https://educationaboveall.org.

I look forward to meeting you when Covid-19 allows. In the meanwhile stay well and safe.

Fahad Al Sulaiti Chair of Educate A Child International and CEO of Education Above All Foundation

1 Out-of-School Children and Youth | UNESCO UIS

3

A message from our CEO

A staggering 59 million[2] primary-aged children have no access to school because of poverty, disaster, conflict, social resistance and other reasons. This is nearly the same as the population of the UK.

Children – and especially girls – who are poor, displaced or disabled are far less likely to enrol and stay in school. This affects their health and what they can earn – and the cycle is set to be repeated with their own children.

We can change that.

Education is the single most vital element in combating poverty, improving health, generating economic growth and empowering women. It is the gateway to many of the UN’s Sustainable Development Goals. A child whose mother can read is:

This is why I was excited to join Educate A Child International in October 2020. I am passionate about providing children and young people with life-changing opportunity through education, regardless of their background, in all countries. I have spent 20 years in international development and UK education organisations. I am thrilled to be working with colleagues who have a single-minded determination to help others and to work in partnership. We work closely with Education Above All Foundation’s experienced programme and finance teams, providing them in the UK and Europe with: 

  - Funding from Foundations and Corporate donors

  - Ideas and partners to support programmes and policy

  - Recognition and accountability by regulators

You can read more about us in this report. If you are interested in learning more about our work, please get in touch.

Together with our supporters and stakeholders, we will overcome challenges for the benefit of marginalised children and young people around the world.

James Shaw-Hamilton

Chief Executive Officer of Educate A Child International

3 Education Counts, UNESCO, 2011

2 Children out of school (% of primary school age) | Data (worldbank.org)

4

OUR SUPPORT TO OUT-OF-SCHOOL CHILDREN

Ethiopia

We are supporting a project in Gambella, a region with large numbers of out-of-school children and refugees. Our grant will purchase education kits and uniforms in several refugee camps and host community schools.

We are contributing towards a larger EAA project supporting over 35,000 out-of-school children, of whom 45% are girls. The project is being implemented by Save The Children.

Sustainability is important after the end of the project. This includes engagement with the community and parents, systems strengthening, and training for head teachers and schools.

The Trustees have been monitoring the humanitarian situation in Tigray (this is far from the project location).

Barriers to education:

Activities in the larger project:

Credits for both photographs: Tim Bishop/Quite Frankly, courtesy of EAA

Zambia

There are about 250,000 out-of-school children in Zambia. In rural areas, around 23% of primary-aged children are out-ofschool.

We are contributing to a larger project which will reach 175,000 out-of-school children throughout the country, implemented by Zambia Open Community Schools.

The project plans to: increase access to primary education for rural communities without established schools; stimulate access for out-of-school children who have dropped out of primary education; help to retain children in school.

Barriers to education:

Long distances to school

Activities include:

Sustainability is planned though: alignment with government priorities and policy, capacity building, and income-generation.

5

Iraq

Education has been affected by conflict and instability, while the lack of educational opportunity can also cause tension between host and displaced communities, and may be linked to early marriage, child labour or other forms of abuse.

In 2019/20, EACI made a grant of £100,000 to improve access to quality and inclusive education in Iraq. UNESCO will refurbish 11 schools in the Nineveh Governorate. In related projects, UNESCO aims to enrol 150,000 children in quality primary education, improving the quality of teaching and learning, increasing the involvement of communities and helping parents understand the importance of education.

Sustainability is achieved through alignment with Government priorities, community ownership, infrastructure and capacity building.

Barriers to education:

Credits: EAA/Paddy Dowling

India

On average, a girl in India receives less than four years’ education throughout her lifetime: as a result, India is home to the largest number of illiterate women in the world, and has an estimated six million children who are out-of-school. Although progress has been made towards universal elementary education, India’s education system still faces significant challenges, including:

low-level learning outcomes

Barriers to education:

Activities:

We are contributing to a larger project which will reach 232,500 out-of-school children in rural, remote and tribal communities across Bihar, Madhya Pradesh and Uttar Pradesh. By 31 March, the overall project had enrolled over 18,000 children.

Sustainability is supported through community ownership and capacity building.

Credits: EAA

6

HOW WE WORK

This year, EACI provided significant funding for the projects of Educate A Child, a global programme of EAA which aims to significantly reduce the number of primary-aged children worldwide who are missing out on their right to education. Educate A Child:

The needs of out-of-school children are complex and solutions are locally driven. The main barriers addressed by projects are:

Poverty

Poverty can block access to education and retention: costs of school, child labour, economic migration

Geography Instability Most countries have areas that Conflict-affected situations, are challenging, but some are less insecurity and instability are able to adapt to or overcome this some of the largest barriers

Refugees

Some countries which host refugees provide education, while others do not

Gender

Gender barriers are the socially constructed roles, behaviour, activities and attributes that a society considers appropriate for men and women, and boys and girls and the relationships between them

Climate change

This is an existential threat to small island developing states and a real challenge for already vulnerable populations and the least developed countries

Infrastructure

The world’s poorest countries need millions of new classrooms, largely in rural and marginalized areas, to alleviate overcrowding, cut class sizes and reduce long travel distances

Resources

Human, material and financial resources are all necessary for quality formal and non-formal education

Quality

Quality includes literacy, numeracy and life skills, and is directly linked to components of teachers, content, methodologies, curriculum, examination systems, policy, planning, and management and administration

7

This model works because:

For all grant-making, we carry out thorough due diligence on the implementing partners and projects.

Covid-19 has had a significant impact on learning, due to the continued closure of schools. This is a risk for vulnerable children who historically have had little access to learning, drop-out and/or never return to school. Our implementing partners have responded to this in a number of ways, such as:

8

THANK YOU

We are incredibly grateful to our donors for their passion and support – you have had a direct impact on young people’s education and life opportunities.

Our fundraising ensures that access to quality education is provided where it is most needed. We want to work with individuals, corporations, trusts and governmental bodies situated in the UK and continental Europe who share our drive to provide children with access to quality education. In line with our fundraising principles, we do not accept funding from profits which might have been made to the detriment of children.

PLANS FOR 2021

We will continue to focus on access to good quality education for those who need it most.

What we will achieve globally
Through our work in Europe		 Programmes with lasting impact
Grow sustainable income
Grow stakeholders’ interest
Based in London Strong organisation

We want to expand our grant-making and programme support. We will focus our funding on projects in Sub-Saharan Africa, South Asia and South-East Asia which:

We will also develop projects in the UK to help vulnerable and marginalised groups of children and young people – particularly refugees – access education, including higher education.

We will monitor the progress of all grants and, based on progress reports received, we will pay the agreed instalments.

We look forward to meeting you when Covid-19 allows and also through a new website which we will launch soon.

For more information, please contact jhamilton@eaa.org.qa

9

FINANCE & GOVERNANCE

Financial Summary

The Charity received donations, grants and other income worth £631,087 (£0 in 2019/20). The Trustees committed the majority of this as grants, as described below. At the end of the fiscal year 2020/21 the Charity carried forward a positive bank balance of £631,087 (£Nil in 2019/20). In the fiscal year 2020/21, the Charity’s other cash balances (including reserves) of £108,737 were held in trust by Education Above All Foundation (EAA).

----- Start of picture text -----
Allocation of Allocation of
Expenditures 2021 Expenditures 2020
Project
Expenditures
Project
Expenditures
Audit &
Audit & Reporting
Reporting
Staff Costs Staff Costs
Other Charitable
Expenses Other
Charitable
Expenses
----- End of picture text -----

In accordance with SORP 2019, costs have been allocated direct to relevant activities. In summary £300,000 (£100,000 in 2019/20) was allocated to direct project expenses, £2,460 (£2,460 in 2019/20) towards audit and report submission and £82,024 (£56,022 in 2019/20) for staff costs and other charitable activities.

Administrative Details

Charity Number 1160869 Registered office and operational address Bates Wells, 10 Queen Street Place London EC4R 1BE

Trustees Mr Augustus Della-Porta Mr Fahad Al Sulaiti Dr George Martin Stephen UK Executive Team James Shaw-Hamilton (Chief Executive Officer) Anne Faulkner (Fundraising Consultant) Max Wahid (Head of Finance & Administration) Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE

10

Independent Examiners

Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

The Board of Trustees present their report and accounts for the year ended March 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, applicable law and the requirements of the Statement of Recommended Practice “SORP 2015”, “Accounting and Reporting by Charities” issued in 2015 and the Charities Act 2011.

Structure

Educate A Child - International (the "Charity") was registered as a Charitable Incorporated Organisation (CIO) on 12 March 2015 and is governed by its constitution and Charity Commission regulations.

The sole member of the Charity is Education Above All Foundation, a registered public benefit private organisation, incorporated in Qatar with registered number 03009100 whose office is at MB3 Building, Education City, New Al Rayyan Street, PO Box 34173, Doha, Qatar ("EAA").

Board of Trustees

The Board of Trustees who served during the financial year, and up to the date of signing the Trustees' report, consist of the following individuals:

Mr. Augustus Della-Porta Mr. Fahad Al Sulaiti Dr. George Martin Stephen

Objects

The objects of the Charity are to further any purpose which is exclusively charitable under the law of England and Wales including the advancement of education and the relief of poverty:

Policies and Procedures

The Charity has in place robust policies. In line with good practice, it reviews its risk management policy, safeguarding policy and grant agreements at least annually.

As part of this, the Trustees have also adopted an Anti-Terrorism policy statement as follows: Educate A Child International renounces all forms of terrorism and will never knowingly support, tolerate or encourage terrorism or the activities of those who embrace terrorism. Consistent with UK law and United Nations Security Council resolutions, EACI is firmly committed to the international fight against terrorism, and in particular, against the financing of terrorism. EACI has strong policies and processes to ensure that none of its nor its donor funds are used, directly or indirectly, to provide support to individuals or entities associated with terrorism.

We are a principled and responsible fundraising organisation. We comply with the Fundraising Regulator’s Code of Fundraising Practice https://www.fundraisingregulator.org.uk/code.

11

Public Benefit

EACI’s aims were carried out for public benefit. We achieved this through supporting projects which improve the education and lives of marginalized children, and raising awareness of the barriers they face in accessing quality education.

The Trustees have reviewed the guidance issued by the Charity Commission on public benefit and have ensured that the Charity's objects and activities continue to comply with the Charities Act 2011. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.

Equal Opportunities

We recognise that equal opportunities should be an integral part of good practice within the work place. The Charity aims to establish equal opportunity in all areas of its activities including creating a working environment in which the needs and contribution of all people are fully valued.

Safeguarding

We are committed to maintaining the highest degree of ethical conduct amongst our staff and associated personnel. We do not work directly with children or vulnerable adults, yet we are committed to proactively safeguarding and promoting the welfare of our beneficiaries. We take steps to ensure that those who come into contact with us or any programmes that are funded, promoted or associated with us do not, as a result, come to any harm.

Governance and internal control

The systems of internal control are designed to provide reasonable assurance against material misstatement or loss. They include:

Risk management

The Trustees have developed a risk management policy to identify, assess and manage risks. They have reviewed the external environment and internal context. The major risks to which EACI is exposed as identified by the Board have been ranked by likelihood and impact. Appropriate systems and procedures are in place to manage these risks and provide reasonable assurance against occurrence.

The global Covid-19 pandemic continues to be significant, multi-dimensional, evolving and overwhelmingly negative, and is likely to remain so for 1-2 years. We treat it as a pervasive part of all risks, rather than treating it as a stand-alone risk.

12

The main risks are (in summary):

Risk Mitigations Impact of Covid-19
Funding & economic
instability		 We have good plans for diverse
and growing fundraising, and
robust systems. EACI does not
have a large staff or
infrastructure, so fixed costs are
low.		 In all countries, mid-long term
economic damage would affect
all funding sources.
Some funders have prioritised
Covid-recovery.
Significant impact on partners’
abilityto meetproject targets.
Financial sustainability We have good plans for diverse
and growing fundraising, and
good systems.
EACI does not have a large
staff or infrastructure, so fixed
costs are low.		 As above.
Covid 19 also affects many
donors’ priorities, bandwidth
and ability to meet.
Damaging behaviour
including fraud/misuse of
funds and safeguarding in
EACI or a partner		 We have robust policies meeting
Charity Commission guidance
including: Anti-terrorism,
Finance, Grant making,
Safeguarding.
We have a robust Grant-making
process.		 Monitoring is harder with travel
restrictions.
Key roles sickness We do not travel to an office
and minimize face to face
meetings.
We will carefully monitor
health.
Agile, flexible working reduces
the impact of some situations.		 Increased risk of illness,
reducing as staff get vaccinated.

Reserves policy

The Trustees wish to strike the right balance between rapidly spending income and maintaining the appropriate level of resources necessary to ensure uninterrupted operations.

The Trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. Trustees are committed to generating sufficient reserves to support current charitable activities to meet the following requirements: Safeguard the charity’s service commitment in the event of delays in receipt of grants or other income. Providing a financial cushion against risk and future uncertainties.

The Trustees are of the view that reserves should not be set too high, tying up funds which could and should be spent on charitable activities. The charity, therefore, aims to hold unrestricted reserves, excluding those tied up in tangible fixed assets, amounting to three months unrestricted expenditure (average). This is to minimise any disruption to beneficiaries should a source of income cease.

To identify unrestricted reserves, the charity must:

13

Review and current level:

The Trustees will review this Reserves policy annually to ensure that the appropriate levels of reserves are maintained.

The charity aims to hold unrestricted reserves, excluding those tied up in tangible fixed assets, amounting to three months expenditure (average), currently £40,000. These are held on trust by the sole member, EAA.

Trustees responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 2 August 2021 and signed on their behalf by

Signature:

Name: Mr. Augustus Della-Porta

14

Independent Examiner’s Report to the Trustees of Educate A Child International

I report to the Trustees on my examination of the accounts of Educate a Child – International for the year ended 31 March 2021 which are set out on pages 16 to 22.

Respective responsibilities of Trustees and examiner

The Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The Trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.

I report in respect of my examination of the Trust’s accounts as carried out under section 44(1)(c) of the 2005 Act and section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Murtaza Jessa ACA Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

Date: 2 August 2021

15

EDUCATE A CHILD - INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

Total Total
2021 2020
Notes £ £
INCOME FROM:
Donations 631,087 -
---------- ---------
Total income 631,087 -
EXPENDITURE ON:
Charitable activities: 2 384,484 158,482
---------- ----------
Total expenditure 384,484 158,482
NET MOVEMENT IN FUNDS 246,603 (158,482)
Funds brought forward 282,469 440,951
---------- ----------
FUNDS AT 31 MARCH 2021 6 529,072 282,469
===== =====

The accompanying notes form part of these financial statements. The statement of financial activities includes all gains and losses recognised in the year.

16

EDUCATE A CHILD - INTERNATIONAL

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible fixed assets 3 722 -
CURRENT ASSETS
Debtors 4 108,737 390,567
Cash at Bank 631,087 -
____ ___
739,824 390,567
CREDITORS:amounts falling due
within one year 5 (211,474) (108,098)
------------------ ------------------
NET CURRENT ASSETS 528,350 282,469
------------------ ------------------
NET ASSETS 529,072 282,469
======== ========
FUNDS
Unrestricted funds:
General 225,072 182,469
Designated Funds 304,000 100,000
------------------ ------------------
TOTAL FUNDS 6 529,072 282,469
======== ========

These accounts were approved by the Board of Directors and authorised for issue on 2 August 2021 and signed on their behalf by:

Trustee: Mr Augustus Della-Porta

The accompanying notes form an integral part of these financial statements.

17

EDUCATE A CHILD - INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

(a) Basis of preparation

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 Second Edition (SORP 2019) and Schedule 1a of FRS102.

(b) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes.

(c) Income

All income is included in the SOFA when the Charity is legally entitled to the income, there is reasonable certainty of receipt and the amount can be quantified with reasonable accuracy.

(d) Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of resources. All support costs, except governance costs, are allocated between cost of generating funds and resources expended on charitable activities on basis of time spent.

(e) Foreign currencies

All income resources and expenditure accounted for in the year have been converted at the rate applicable at that time.

(f) Going concern

The Trustees consider that there are no material uncertainties regarding the Charity’s ability to continue as a going concern.

(g) Critical accounting judgements and estimates

In preparing these accounts, management has made judgements, estimates and assumptions that affect the application of the Charity's accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the accounts. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(h) Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at 33% per year using the straight-line method.

18

EDUCATE A CHILD - INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - Continued

FOR THE YEAR ENDED 31 MARCH 2021

(i) Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortized cost using the effective interest method, less any impairment.

(j) Creditors

Creditors and provisions are recognized where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

(k) Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognized at transaction value and subsequently measured at their settlement value.

(l) Cash at bank and in hand

Cash at bank and in hand includes cash balances only.

2.

TOTAL EXPENDITURE Total funds Total funds
2021 2020
£ £
EXPENDITURE ON CHARITABLE ACTIVITES
-
Salaries 25,355 3,713
HMRC Taxes and NI 13,446 1,060
Pension costs * 2,355 -
Payroll processing fee 442 1,350
Insurance 505 542
Legal fees 6,956 12,958
Postage, stationary and office supplies 34 39
HR Recruitment Consultancy Firm - 6,000
Professional fees for Fundraising 4,400 -
Audit Fee and Annual Report Submission 2,460 2,460
Telephones, email and fax 216 180
Financial Management and administration 24,300 24,300
Office rentals 3,920 5,880
Depreciation 95 -
Grant Expenditure – UNESCO Iraq - 100,000
Grant Expenditure – Save The Children Ethiopia 100,000 -
Grant Expenditure – Educate Girls India ** 100,000 -
Grant Expenditure – Zambia Open Community Schools
Zambia ** 100,000 -
___ ___
384,484 158,482
========= ========

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EDUCATE A CHILD - INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - Continued

FOR THE YEAR ENDED 31 MARCH 2021

3. TANGIBLE FIXED ASSETS Computer
equipment
£
Cost
Brought forward -
Additions 817
----------------
Carried forward 817
----------------
Depreciation
Brought forward -
Charge for the year 95
----------------
Carried forward 95
----------------
Net book value
Carried forward 722
=========
Brought forward -
=========
4. DEBTORS 2021 2020
£ £
Donors (see note 8) 108,737 388,489
Prepayments - 2,078
----------------- -----------------
108,737 390,567
======== ========
5. CREDITORS: amounts falling due 2021 2020
within one year £ £
Committed grants 200,000 100,000
Accruals 2,460 2,460
Trade creditors 9,014 5,638
------------------ ----------------
211,474 108,098
========= ========

20

EDUCATE A CHILD - INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - Continued

FOR THE YEAR ENDED 31 MARCH 2021

6. STATEMENT Brought Income Expenditure Transfers Carried
OF FUNDS Forward Forward
(2021)
£ £ £ £ £
Unrestricted
funds
General 182,469 631,087 (284,484) (304,000) 225,072
unrestricted funds
Designated
funds
Inclusive 100,000 - (100,000) 304,000 304,000
education projects
------------------ ------------------- ------------------ ------------------- ------------------
Total funds 282,469 631,087 (384,484) - 529,072
======== ========= ========= ========= ========

Under general un-restricted expenditures are included, as first instalments, grants of £100,000 each for Out-of-School Children in India and Zambia for a total of £200,000.

Under Designated Funds is included the £100,000 grant to fund a project to improve access to quality and inclusive education in Ethiopia.

The Trustees have also designated £304,000 for anticipated projects. This includes grants of £100,000 each for Out-of-School Children in India and Zambia.

STATEMENT Brought Income Expenditure Transfers Carried
OF FUNDS (2020) Forward Forward
£ £ £ £ £
Unrestricted funds
General unrestricted 240,951 - (58,482) - 182,469
funds
Designated funds
Inclusive education 200,000 - (100,000) - 100,000
projects
------------------ ------------------- ------------------ ------------------- ------------------
Total funds 440,951 - (158,482) - 282,469
======== ========= ========= ========= ========

Designated funds included £100,000 in anticipation of future grants to fund projects to improve access to quality and inclusive education.

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7. TRUSTEES REMUNERATION AND EXPENSES

The Trustees received £nil in remuneration during the year.

8. RELATED PARTY TRANSACTIONS

At 31 March 2021, Education Above All Foundation (EAA), held £108,737 (2020: £388,489) on behalf of the Charity under the terms of a costs agreement.

Mr Augustus Della Porta is a solicitor at Bates Wells Braithwaite London LLP (BWB), which has provided paid legal services of £6,956 (£12,958 in 2019/20) to the Charity during the year.

BWB and the Charity both have formal procedures in place to manage any potential conflict of interest.

22