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2023-12-31-accounts

educale achijd international IvThi_kJ', ri. Il ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023 CHARI￿ NO: 1160869 ¥wEaci,org, EducateA Child Intemèbonal 10 Queen 5trEetPlace London EC4R1 BE, United Kingdom

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

WHY WE EXIST

The global community is now halfway towards the deadline for achieving the Sustainable Development Goals (SDGs). However, we are still far from reaching these crucial targets. Given that education plays a pivotal role in many of the SDGs, the consequences of falling short will be felt by all.

The impact of Covid-19 has been substantial, particularly on retention rates and learning outcomes. Yet even before the pandemic struck, a staggering ¼ billion children and young people did not have access to school – including an incredible 67 million primary-aged children. These out of school children are amongst the most vulnerable, contending with numerous and overlapping barriers. This perpetuates a cycle of inter-generational disadvantage that is ��������������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������������� and future earning potential – and the cycle is set to be repeated with their own children.

We want to change this. Our vision is to ensure that every child has access to a quality ����������������������������������������������������������������������������������������� denied education in low-income and lower-middle income countries for reasons like poverty, �������������������������������������������������������������������������������������������������� highlights the challenges we want to overcome and provides insights into our plans for 2024.

In 2023, we:

We maintain a strategic partnership with Education Above All Foundation (EAA). Since 2012, ���������������������������������������������������������������������������������������� vulnerable girls and boys around the world, bringing them into the education system and ���������������������������������������������������������������������������������������������� facing the greatest disadvantages, fostering collaboration across all sectors to work together �������������������������������������������������

There is still much to do – to help more children and young people access education and skills, and to help them to thrive. Please get in touch.

Fahad Al Sulaiti

James Shaw-Hamilton

Chair of Educate A Child International CEO of Education Above All Foundation

CEO of Educate A Child International

Our Focus

Our partnerships give children access to quality education where they are denied this. In 2023 this was focused around four main areas:

~~Out of School Primary AGED ChILDREN~~

Primary education forms the bedrock of development. It is in primary school that children learn foundational skills that prepare them for life, work and active citizenship. Quality education empowers children and young people, safeguards their health and well-being, and breaks cycles of poverty.

YOUTH CHANGEMAKERS

Young people represent our future. Supporting them to envision ���������������������������������������������������������������� ��������������������������������������������������������������������� them with the appropriate tools, empowers them to shape the future.

Protecting Education for Refugees

�������������������������������������������������������������������� international community responds with life-saving interventions to safeguard as many lives as possible in the shortest time. But �������������������������������������������������������������������� the initial response. Education provides children with safety, a sense of normalcy and the skills they need to bounce back from adversity. It can save and help rebuild young lives.

Awareness Raising

Raising awareness is key to emphasising the critical role of primary education in fostering sustainable development and social change. ������������������������������������������������������������������� we can mobilise support for inclusive and equitable learning opportunities and galvanise support for collective action towards creating a more just and educated society.

My education is my strength. It gives me the power to say ‘I can’ when everybody around tells me otherwise…. [It] makes me less vulnerable.” ��������������������

Our support to out of school children

shadow over educational access. Children living amidst economic fragility, political ������������������������������������������ ������������������������������������������ educational opportunities. Children with disabilities and those from ethnic minorities face even greater challenges. In certain areas, limited educational opportunities for girls further exacerbate the disparities. The widening digital divide is another challenge: the vast majority of school-aged children globally lack internet access at home, limiting their capacity for further learning and skills development.

Education is not just a privilege – it is a fundamental right for every child. However, this right is far from being realized for many children worldwide, as the journey from home to schooling to meaningful learning remains fraught with challenges.

As well as the millions of children out of school, startling statistics reveal that over 600 million children across the globe struggle to attain even the most basic ��������������������������������������� even with two-thirds of these children already enrolled in schools.

Even those fortunate enough to attend school face hurdles. Inadequate resources plague many educational institutions, from ��������������������������������������������� educational materials and crumbling infrastructure. Some students arrive at

The reasons behind this educational crisis are diverse. One of the most persistent barriers is poverty, which casts a long

5| Annual Report 2023

school undernourished, unwell or exhausted from their demanding household chores or ������������������������������������������ engage in their lessons.

������������������������������������������ the number of out of school children until about 10 years ago, but it has stalled at the same time as funding has plateaued.

The consequences of these educational inequities are profound. Children who are denied quality education face formidable obstacles to employment later in life. Moreover, they are more susceptible to ill-health and are less likely to have a voice in decisions that shape their futures, endangering their ability to contribute positively to their communities.

Our delivery partners work with out of school children, transforming lives at scale through practical support like building schools and providing books, to initiatives improving teaching and tackling attitudes towards education. In these projects we ����������������������������������������� Child programme:

Support for Children at risk of dropping out of primary education - Malawi

In Malawi, only 13% of girls complete upper secondary school and among the poorest children this falls to 2% . And 42% of girls are married before the age of 18, with 9%

married before the age of 15.

We want to give girls in Malawi better opportunities to thrive in life. The project, in partnership with CAMFED is empowering thousands of girls and young women with:

• Access to education and support for those most at-risk of dropping out of primary education, overcoming the barriers they face.

• Mentorship and local leadership: Support from young female mentors with backgrounds of rural poverty who have completed their education and share a deep commitment to giving back to their communities; this helps both the female mentor and the girls whom the project supports.

Enrol Out of School Children project: Break the Cycle of Poverty – multiple countries

This project in partnership with BuildOn supports out of school children to have

access into school in some of the hardest to reach areas across Burkina Faso, Guatemala, Haiti, Malawi, Mali, Nepal, Nicaragua and Senegal. It does this by focusing on:

programs, counselling, and extracurricular activities.

• Access to Education: The primary focus is to get out of school children into classrooms, breaking down barriers to education and enrolment.

Our support to Young Changemakers

������������������������������������������ work to new audiences in order to raise awareness of the needs and role of young people, and to raise funds. These projects mobilise the grassroots power of young people as advocates, peacebuilders and ��������������������������������������� ����������������������������

6| Annual Report 2023

Climate changemakers - Vietnam

We are delighted that three scholars have ��������������������������������������� College Oxford, co-funded by the University and EAA. We facilitated this partnership.

Vietnam is one the countries most likely to ����������������������������������������� create irreparable environmental damage and destroy millions of livelihoods. Young people are an untapped resource to make change happen.

We are working with other leading UK Universities and a donor towards creating fully-funded scholarships for forced migrants. We look forward to announcing more scholarships in 2024.

In partnership, EAA and ActionAid UK are creating an active network of young �������������������������������������� resilience to climate change. The project is engaging nearly 12,000 youth as Climate Action Advocates, equipping them with the knowledge and skills to become active global citizens and young leaders of change.

Continued learning for refugee children

��������������������������������������� UK-based charities working with refugees, to allow Ukrainian and Afghan forced migrants to continue learning in their own language. These well-regarded, tech-free, cost-free, low-resource learning materials can be found on our website.

Our support to forced migrants in Europe

Higher education scholarships

This is part of a larger internet-free education resource bank hosting hundreds of cost-free games and project-based learning modules, also available in Arabic. The resources have been downloaded 800,000 times in 100+ countries to help catch-up on foundational skills for those who are isolating or have little/no access to technology.

Cost is a barrier to getting into University to all but a small minority of forced migrants across the UK: they are usually charged international fees and are ineligible for student loans. Some scholarships are available, but these are very competitive and often cover only part of the costs (so there is a high risk to retention).

Raising Awareness

Innovative Finance

To progress towards global educational targets it is imperative that we explore ��������������������������������������� looking at several tools with the capacity to enhance educational outcomes and increase ���������������������������������������

Protecting education from attack

In Gaza, Ukraine, Yemen, Nigeria and so many other countries, attacks occur with heart-breaking frequency on students, teachers, academics and education institutions, for political, military, ideological, sectarian, ethnic or religious reasons.

EACI chaired a panel on Education Impact Bonds at the World Innovation Summit for Education in Qatar (WISE). The panel comprised of representatives from the World Bank, UBS, Michael & Susan Dell Foundation and Education Outcomes Fund, and was co-facilitated with the British Asian Trust. The panel deliberated on several key aspects, including:

We raised awareness of the International Day to Protect Education from Attack on 9 September with UK Universities and network organisations supporting hundreds of schools.

����������������������������������������� ��������������������������������������������� for the SDGs.

Goodwood

We were thrilled at the opportunity to spread awareness of the needs of out of school children in Malawi to a new audience at Goodwood, who kindly made EAA the charity partner for the Magnolia Cup. We were able to speak with a wide range of groups including:

We are actively supporting EAA in crafting a comprehensive strategy for the development and implementation ���������������������������������������� education.

9| Annual Report 2023

IMPact of Global EVENTS

244 million children aged 6-18 are out of school; 67 million of these children are of primary school age.

Covid has deepened the learning crisis with 70% of 10-year olds in low and middle income countries unable to understand a simple written text (previously 57%). This generation of students risk losing $21 trillion in potential lifetime earnings at present value or equivalent of 17% of global GDP.

The Learning Crisis

825 million young people will not have the basic literacy, numeracy, and digital skills to compete for the jobs of 2030. There is a serious risk that this youth ‘bulge’ will drive instability and constrain economic growth.

An additional 9 million trained teachers are needed in sub-Saharan Africa by 2030.

������������������������������������� devastating consequences for children. While EACI does not currently operate �������������������������������������������� and projects in the region.

accessibility, retention and overall quality of education.

In light of these pressing global events, we are monitoring developments closely, recognising that much can evolve in 2024 – not least because of elections in the UK, USA and elsewhere. These global events have also reverberated within the fundraising landscape, bringing heightened competition for limited funding within the UK. Many donors are directing their focus towards existing partnerships, while the UK also grapples with the challenges posed by a cost-of-living crisis. Moreover, reductions in Foreign, Commonwealth & Development ���������������������������������������� stock markets have added to the prevailing pressures.

�������������������������������������� Ukraine and various other countries ��������������������������������������� on education, both locally and in the neighbouring countries.

The enduring repercussions of the Covid-19 pandemic continues to have widespread impact on learning and achievement, �������������������������������

Meanwhile, the impact of climate change, ��������������������������������������� ������������������������������������������ funding availability. A global hunger crisis has arisen as a result of these converging forces, with a negative impact on the

In response to these complex dynamics, we have formulated new fundraising plans for 2024, adapting to the evolving landscape.

10| Annual Report 2023

our IMPact

�������������������������������������������������������������������������������������������� people. Education is the single most vital element in combating poverty, improving health, generating economic growth and empowering women.

��������������������������������������������������������������������������������

Project Commitments made during 2023 (with an impact across
���������������������
Commitments made during 2023 (with an impact across
���������������������
£ # of children/young people
Support for Children at risk of
droppingout ofprimaryed.
244,653 2452
Enrol Out of School Children:
Breakingthe Cycle of Poverty
39,000 391
Climate Changemakers 35,000 820

As well as providing access to quality education, all projects:

Thank You

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----- Start of picture text -----
9| Annual Report 2022 James Shaw-Hamilton c/o Bates Wells, www.eaci.org.uk
��������������������� 10 Queen Street Place, info@eaci.org.uk
London EC4R 1BE, UK Charity number: 1160869
----- End of picture text -----

13| Annual Report 2023

Our work would not be possible without the generous support of our partners and donors. ����������������������������������������������� 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 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 sources which might have been made to the detriment of children.

When asked what education means to them, they smiled and said...

it means we have the power to fulfil our dreams!” ��������������������������

Plans for 2024

Our plans are designed to have the greatest impact for children and young people. Our commitment to supporting education for the most marginalised children and young people will be channelled through a diverse range of initiatives, including:

• Facilitating access to quality primary education for out of school children in low income and lower-middle income countries. We will achieve this by funding projects which are able to impact on educational outcomes and by actively raising awareness and fundraising. We will also be exploring innovative solutions, such as incorporating digital technology, to keep children learning.

Our new revised fundraising strategy, as we navigate a dynamic global landscape, is focused on cultivating sustainable revenue streams while capitalizing on our unique positioning.

• We plan to increase our digital footprint and reach potential donors and partners in the UK ��������������������������������������������������������������������������������������������� learners worldwide.

• We will explore opportunities for co-funding with trusts and foundations that are aligned with our mission. Our focus will be on presenting innovative and impactful educational ����������������������������������������

• Recognizing the importance of community engagement, events will underscore our commitment to education. These events will serve not only as fundraising opportunities but also as platforms to share knowledge and best practices, fostering a collaborative approach to global educational challenges.

We remain dedicated to operating independently and sustainably, with a clear focus on our vision and objectives. We look forward to forging new partnerships that will enable us to continue our vital work in education across the globe. The Trustees and Executive �������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������� �����������������������������������������������������������������

FINANCE & GOVERNANCE

Financial Summary

The Charity received donations, grants and other income worth £471,475 (£233,520 in ��������������������������������������������������������������������������������������������� of £587,134 (£308,729 in 2022) with £329,516 (£29,932 in 2022) booked under creditors (amounts falling due within one year).

In accordance with SORP 2019, costs have been allocated direct to relevant activities. In summary, £318,653 (£104,800 in 2022) was allocated to direct project expenses, £3,179 (£3,019 in 2022) towards audit and report submission and £164,870 (£168,439 in 2022) for charitable activities.

Administrative Details

Charity Number 1160869 �������������������������������������������������������� 1st Floor, 10 Queen Street Place London EC4R 1AG Trustees Mr Fahad Al Sulaiti (Chairman) Mr Augustus Della-Porta Dr George Martin Stephen ������������������ ������������������������������������������� Elizabeth Kemp (Fundraising Consultant) Max Wahid (Finance & Administration Consultant) Solicitors Bates Wells 10 Queen Street Place London EC4R 1AG Independent Examiners Price Bailey LLP 24 Old Bond Street, Mayfair, London W1S 4AP

The Board of Trustees present their report and accounts for the year ended December 2023.

15| Annual Report 2023

The accounts have been prepared in accordance with the accounting policies set out in note ������������������������������������������������������������������������������������������� requirements of the Statement of Recommended Practice “SORP 2019”, “Accounting and Reporting by Charities” issued in 2019 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.

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We supported projects which improve the education and lives of 3,663 marginalized children, and raised awareness of the barriers they face in accessing quality education. Through this, ��������������������������������������������������������������������������������������������� read is:

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��������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������ at MB3 Building, Education City, New Al Rayyan Street, PO Box 34173, Doha, Qatar (“EAA”).

Objects

��������������������������������������������������������������������������������������������

����������������������������������������������������������������������������������������������� University for forced migrants. This increases their skills and employment prospects.

We work regardless of race, religion or nationality.

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.

Website

The Charity launched its new website in December 2022.

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. ��������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������� of terrorism. The Charity 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 �������������������������������������������������������������������������������������

������������������������������������������������������������������������������������������ ��������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� Charity Commission in determining the activities undertaken by the Charity. Both principles of ������������������������������������������������������������������������� �������������������������������������������������������������������������������������������� �������������������������������������������������������������������������� ������������������������������������������������������������������������������������������� ability to pay for it, and no fees are charged for educational activities.

We try to limit our impact on the environment as much as possible. We use online meetings where possible, and have reduced travel to essential trips and take trains where possible. We ����������������������������������������������

16| Annual Report 2023

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

������������������������������������������������������������������������������������������� associated personnel. We do not work directly with children or vulnerable adults, yet we are ���������������������������������������������������������������������������������������� 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 mis-statement or loss. They include:

• The Trustees are responsible for the strategic direction of the Charity and, subject to any prudent delegation to advisers and agents, make all substantive decisions in relation to the Charity. The Trustees are not remunerated;

�������������������������������������������������������������������������������������� indicators;

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Trustees have taken due consideration of Good Governance - A Code for the Voluntary and Community Sector, ensuring the principles of the Code are adhered to. The Board is strong �������������������������������������������������������������������������������������������� decisions about the Charity are made during the Trustees meetings, or by email then noted at the next Board meeting. EACI authorises expenditures based upon the budget and Grant �������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������� appropriately.

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 ������������������������������������������������������������������������������������������ impact. Appropriate systems and procedures are in place to manage these risks and provide reasonable assurance against occurrence.

The crises in Gaza, Ukraine and Sudan and the global Covid-19 pandemic, continue to evolve ��������������������������������������������������������������������������������������������� we have included comments against each risk, rather than treating these global issues as stand-alone risks.

The main risks are (in summary):

Risk Mitigations Impact of global events
Funding & economic
instability
We have good plans for
diverse and growing
fundraising, and robust
systems. EACI does not have
���������������������������
������������������
In all countries, mid- to
long-term economic damage
�����������������
sources. Some funders have
prioritised existing partners.
����������������������
charged and there are strong
political opinions on all sides.
Financial sustainability
Damaging behaviour
including fraud/misuse of
funds and safeguarding in the
Charity 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.
The impact of Covid-19 is
reducing.
Cybercrime ���������������������
��������������������
and the website. We also
use commercial anti-virus
�����������������������
N/a

16| Annual Report 2023

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.

���������������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������� current charitable activities to meet the following requirements:

�������������������������������������������������������������������������������������������� other income.

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Trustees Responsibilities

�������������������������������������������������������������������������������������������� in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

��������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������������ Charity and of the incoming resources and application of resources of the Charity for that ������������������������������������������������������������������������������

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 ������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������� should a source of income cease.

To identify unrestricted reserves, the charity must:

������������������������������������������������������������������������������������������ reserves

������������������������������������������������������������������������������������������� presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with ������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������� (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 and signed on their behalf by9 J u l y 2 0 2 3

Review and current level:

The Trustees review this Reserves policy annually to ensure that the appropriate levels �������������������������������������������������������������������������������������� maintained a reserve level of at least £40,000 as agreed by the Trustees.

������������������������������������������������������������������������������������������������ and restricted funds, amounting to three months expenditure (average), currently £40,000, at �����������������������������������������

Augustus Della-Porta Augustus Della-Porta (Aug 6, 2024, 8:40am)

Signature:

Name: Mr. Augustus Della-Porta

19| Annual Report 2023

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023, which are set out on pages 21 to 33. Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 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 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.

Name of principal: Name of firm: Relevant professional qualification or body: Address: Date: 14 August 2024

Michael Cooper-Davis Price Bailey LLP FCCA ACA

24 Old Bond Street, Mayfair, London W1S 4AP

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EDUCATE A CHILD - INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
INCOME
Grants and
donations
2
Investments
Total income
EXPENDITURE
Charitable
activities
3
Total expenditure
Transfer between
funds
Net movement in
funds
Funds at 31 December 2022
Funds at 31
December 2023
Unrestricted
Funds
£
211,818
4
211,822
(237,049)
(237,049)
-
(25,227)
279,042
253,815
Restricted
Funds
£
259,653
-
259,653
(249,653)
(249,653)
-
10,000
-
10,000
Total for the
year ended
31 December
2023
£
471,471
4
471,475
(486,702)
(486,702)
-
(15,227)
279,042
263,815
Total
for the
period to
31
December
2022
£
233,499
21
233,520
(276,258)
(276,258)
-
(42,738)
321,780
279,042

The accompanying notes on pages 23 to 33 form an integral part of these financial statements. The statement of financial activities includes all gains and losses recognised in the year.

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EDUCATE A CHILD - INTERNATIONAL BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CREDITORS:amounts falling due
within one year
8
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted funds:
General
Designated
Restricted fund
TOTAL FUNDS
12,13
For the year ended 31
December
2023
£
£
-
6,197
587,134
593,331
(329,516)
263,815
263,815
218,815
35,000
10,000
263,815
For the year ended 31
December
2023
£
£
-
6,197
587,134
593,331
(329,516)
263,815
263,815
218,815
35,000
10,000
263,815
For the period to 31
December
2022
£
£
245
-
308,729
308,729
(29,932)
278,797
279,042
175,042
104,000
-
279,042
For the period to 31
December
2022
£
£
245
-
308,729
308,729
(29,932)
278,797
279,042
175,042
104,000
-
279,042
593,331
(329,516)
308,729
(29,932)
263,815 279,042
218,815
35,000
10,000
175,042
104,000
-
263,815 279,042

These accounts were approved by the Board of Trustees and authorised for issue on and signed on their behalf by:

Augustus Della-Porta


Augustus Della-Porta (Aug 6, 2024, Mr. Augustus Della-Porta 8:40am)

06 Aug 2024 Dated:

The accompanying notes on pages 23 to 33 form an integral part of these financial statements.

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2006, the Charities Act 2011, and the Statement of Recommended Practice – Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accountings in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effect from 1 April 2005 which has since been withdrawn.

The charity has taken advantage of the exemption in Charities SORP FRS102 from the requirement to produce a cash flow statement on the grounds that it is a small charity.

The charity meets the definition of a public benefit entity as defined by FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern

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

c) Critical accounting judgements and estimates

No significant judgements, accounting policies or assumptions have been made by management in applying the Charity’s accounting policies.

d) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

e) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

f) Creditors and provisions

Creditors and provisions are recognised 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. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

g) Foreign currency translation

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

h) 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 company and which have not been designated for other purposes.

Designated funds are available for use at the discretion of the Trustees in furtherance of the general objective of the charitable company.

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

i) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at the following rates on the net book value of assets at the beginning of the financial year.

Computer equipment 33% straight line

j) Leasing

Rentals payable under operating leases are charged on a straight-line basis over the year of the lease.

k) Income

Income is accounted for as unrestricted unless restrictions exist under the terms on which they are received or solicited. Voluntary income and donations are accounted for on an accruals basis. All income in the Statement of Financial Activities is shown gross of the associated costs and is accounted for where there is entitlement to the income, it is probable that the benefits associated with it will flow to the charity and it can be reliably measured.

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Gifts in Kind: On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. A corresponding amount is then recognised in expenditure in the period of receipt.

Donations, including donations from individuals, corporate donations, and donations from trusts and foundations are recognised when the charity is entitled to the income, subject to any conditions attached to the donation.

There were no unfulfilled conditions or contingencies in respect of any of the above donations. There was no other government assistance during this or the preceding period.

l) 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 are allocated between cost of generating funds and resources expended on charitable activities on basis of time spent.

m) Grants Payable

Grants are issued in accordance with the requirements and objectives laid out in the funding agreement. A grant is recognised as a liability when the criteria for a constructive obligation is met, payment is probable, it can be measured reliably, and there are no conditions attaching to its payment that limit its recognition.

n) Financial Instruments

The charity only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed assets are recorded at depreciated historical cost. All other assets and liabilities are recorded at cost which is their fair value.

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2. GRANTS & DONATIONS

Donations received
Donations from Trusts and
Foundations
Donations from the public
Corporate donations
Gift Aid
EAA
Total
Donations received
Donations from Trusts and
Foundations
Donations from the public
EAA
Total
EXPENDITURE
Charitable activities
Grants provided (to
institutions)
Support costs
Total
Unrestricted
funds
£
-
-
-
-
211,818
211,818
Unrestricted
funds
£
750
498
231,251
232,499
Unrestricted
funds
£
69,000
168,049
237,049
Restricted
funds
£
15,250
61,410
175,761
7,232
-
259,653
Restricted
funds
£
1,000
-
-
1,000
Restricted
funds
£
249,653
-
249,553
Total for the
year ended 31
December
2023
£
15,250
61,410
175,761
7,232
211,818
471,471
Total for the
period to 31
December
2022
£
1,750
498
231,251
233,499
Total for the
year ended 31
December 2023
£
318,653
168,049
486,702

3. EXPENDITURE

���

EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3. EXPENDITURE (continued)

EXPENDITURE (continued)
Charitable activities
Grants provided (to institutions)
Support costs
Total
Unrestricted
funds
£
100,000
170,258
270,258
Restricted
funds
£
4,800
1,200
6,000
Total for the
period to 31
December 2022
£
104,800
171,458
276,258

Included in the above expenditure are support costs as follows:

Salaries
HMRC Taxes and NI
Pension costs
Staff training
Payroll processing fee
Insurance
Governance costs (see below)
Local travel
Overseas travel
Trustees travel
Bank charges
Postage, stationary and office supplies
Meeting expenses
Professional fees for Fundraising
Telephones, email and fax
Financial Management &
Administration
Website design and hosting
Fundraising initiatives
Office rentals
Memberships
Depreciation
Total
Unrestricted
funds
£
53,212
28,609
5,966
60
797
1,293
5,087
760
3,177
105
110
463
63
27,402
10
31,050
1,804
2,560
4,695
581
245
168,049
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total for the
year ended
31 December
2023
£
53,212
28,609
5,966
60
797
1,293
5,087
760
3,177
105
110
463
63
27,402
10
31,050
1,804
2,560
4,695
581
245
168,049

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FOR THE YEAR ENDED 31 DECEMBER 2023

3. EXPENDITURE (continued)

Governance costs include the following:

Unrestricted
funds
£
Accountancy and independent
examiners’ fees
3,179
Legal and professional fees
1,908
Total
5,087
Unrestricted
funds
£
Salaries
50,000
HMRC Taxes and NI
Pension costs
29,685
5,966
Payroll processing fee
Insurance
857
1,093
Governance costs (see below)
Local travel
Overseas travel
4,043
1,006
2,097
Bank charges
120
Postage, stationary and office supplies 720
Meeting expenses
Professional fees for Fundraising
171
15,528
Telephones, email and fax
15
Financial Management &
Administration
30,850
HR Recruitment Consultancy Firm
604
Website design and hosting
15,102
Official launching of EACI
6,813
Sundry expenses
25
Office rentals
Memberships
Depreciation
4,410
880
273
Total
170,258
Unrestricted
funds
£
Accountancy and independent
examiners’ fees
3,179
Legal and professional fees
1,908
Total
5,087
Unrestricted
funds
£
Salaries
50,000
HMRC Taxes and NI
Pension costs
29,685
5,966
Payroll processing fee
Insurance
857
1,093
Governance costs (see below)
Local travel
Overseas travel
4,043
1,006
2,097
Bank charges
120
Postage, stationary and office supplies 720
Meeting expenses
Professional fees for Fundraising
171
15,528
Telephones, email and fax
15
Financial Management &
Administration
30,850
HR Recruitment Consultancy Firm
604
Website design and hosting
15,102
Official launching of EACI
6,813
Sundry expenses
25
Office rentals
Memberships
Depreciation
4,410
880
273
Total
170,258
Restricted
funds
£
-
-
-
Restricted
funds
£
1,000
-
-
-
-
-
-
-
-
-
-
-
-
200
-
-
-
-
-
-
-
1,200
Total for the
year ended
31 December
2023
£
3,179
1,908
- 5,087
Total for the
year ended
31 December
2022
£
51,000
29,685
5,966
857
1,093
4,043
1,006
2,097
120
720
171
15,528
15
31,050
604
15,102
6,813
25
4,410
880
273
170,258 171,458

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3.
EXPENDITURE (continued)
Unrestricted
funds
£
Accountancy and independent
examiners’ fees
3,019
Legal and professional fees
1,024
Total
4,043
4.
NET INCOME/ (EXPENDITURE)
This is stated after charging:
For the year
ended 31
December
2023
£
Depreciation of tangible
fixed assets:
- owned by the charity
245
Operating lease rentals
2,033
5.
STAFF COSTS
For the year
ended 31
December
2023
£
Wages and salaries
53,212
Social Security costs
28,609
Pension costs
5,966
87,787
3.
EXPENDITURE (continued)
Unrestricted
funds
£
Accountancy and independent
examiners’ fees
3,019
Legal and professional fees
1,024
Total
4,043
4.
NET INCOME/ (EXPENDITURE)
This is stated after charging:
For the year
ended 31
December
2023
£
Depreciation of tangible
fixed assets:
- owned by the charity
245
Operating lease rentals
2,033
5.
STAFF COSTS
For the year
ended 31
December
2023
£
Wages and salaries
53,212
Social Security costs
28,609
Pension costs
5,966
87,787
Restricted
funds
£
-
-
-
Total for the
year ended
31 December
2022
£
3,019
1,024
4,043
For the year
ended 31
December
2022
£
273
-
For the year
ended 31
December
2022
£
51,000
29,685
5,966
86,651
Total for the
year ended
31 December
2022
£
3,019
1,024
4,043
87,787

The average number of employees during the period was 1 (2022:1).

There is one (2022: one) employee with emoluments within the salary band £70,000 - £80,000.

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6. TANGIBLE FIXED ASSETS

.
TANGIBLE FIXED ASSETS
Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
Computer
Equipment
Total
£
£
817
-
817
-
817
817
572
572
245
245
817
817
-
-
245
245
817
572
245
817
-
245

7. DEBTORS

Trade debtors
Prepayments
Total debtors
.
CREDITORS
Committed grants
Trade creditors
Accruals
Other creditors
Total creditors
For the year
ended 31
December
2023
£
5,152
1,045
6,197
For the year ended
31 December 2023
£
318,653
4,985
2,580
3,298
329,516
For the year
ended 31
December
2022
£
-
-
-
For the year ended 31
December 2022
£
4,800
19,415
2,419
3,298
29,932

8. CREDITORS

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

9. RELATED PARTIES

Mr Augustus Della Porta is a solicitor at Bates Wells Braithwaite London LLP (BWB), which has provided paid legal services of £1,908 (2022: £1,024) to the Charity during the year.

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

In the year EAA, which is the sole member of the charity, provided £211,818 (2022: £231,251) of unrestricted income. There were no amounts outstanding at the year end (2022: £nil).

There were no other related party transactions in the year (2022: none).

10. TRUSTEES REMUNERATION AND EXPENSES

The Trustees received £nil in remuneration during the period (2022: £nil). In the year 1 trustee was reimbursed £105 (2022: £0) for travel expenditure.

11. OPERATING LEASE COMMITMENTS

At 31 December, the charity had the following total commitments under operating leases:

Due within one year
12a.
RESERVES
As at 1
January
2023
Unrestricted
funds
175,042
Restricted
Funds
-
Designated
Funds
104,000
Total funds
279,042
Income
211,822
259,653
-
471,475
2023
-
Expenditure
(168,049)
(249,653)
(69,000)
(486,702)
2023
-
2022
2,033
Transfers
between
funds
As at 31
December
2023
-
218,815
-
10,000
-
35,000
-
263,815
2022
2,033
Transfers
between
funds
As at 31
December
2023
-
218,815
-
10,000
-
35,000
-
263,815
263,815

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Under restricted funds expenditures are included £5,000 from Chalk Cliff Trust to enrol out of school children and breaking the cycle of poverty in 7 countries, and £61,410 public fundraising, £7,231 Gift aid, £250 from the John Mactaggart Trust, £15,000 form AKA Group Limited, £10,000 from Markel Insurance, £150,261 from the Goodwood Magnolia Cup & Gala Evening August 2023 and £500 in other fundraising during the Magnolia cup to support children at-risk of dropping out of primary education in Malawi.

The £10,000 carried forward is from Openwork Foundation for mobilising the power of grassroots youth as advocates, peacebuilders, and active citizens in conflict affected communities of Uganda and South Sudan.

Under designated funds expenditure is included: £35,000 for Engaging Youth as Global citizens in Vietnam; £34,000 to enrol out of school children and breaking the cycle of poverty in 7 countries.

The £35,000 carried forward under designated funds is for mobilising the power of grassroots youth as advocates, peacebuilders, and active citizens in conflict affected communities of Uganda and South Sudan.

12b. RESERVES COMPARATIVE (continued)

Unrestricted
funds
Restricted
Funds
Designated
Funds
Total funds
As at 1
January
2022
112,780
5,000
204,000
321,780
Income
232,520
1,000
-
233,520
Expenditure
(170,258)
(6,000)
(100,000)
(276,258)
Transfers
between
funds
-
-
-
-
As at 31
December
2022
175,042
-
104,000
279,042

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EDUCATE A CHILD - INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

13a. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Non-current assets
Current assets
Current liabilities
Total funds
Unrestricted
funds
£
-
583,331
(329,516)
253,815
Restricted
funds
£
-
10,000
-
10,000
Total for
the year
ended 31
December
2023
£
-
593,331
(329,516)
263,815
Total for
the period
to 31
December
2022
£
245
308,729
(29,932)
279,042

13b. ANALYSIS OF NET ASSETS BETWEEN FUNDS COMPARATIVE (continued)

Non-current assets
Current assets
Current liabilities
Total funds
Unrestricted
funds
£
245
308,729
(29,932)
279,042
Restricted
funds
£
-
-
-
-
Total for
the year
ended 31
December
2022
£
245
308,729
(29,932)
279,042
Total for
the period
to 31
December
2021
£
518
641,645
(320,383)
321,780

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I say, Give me 10 reasons why educating the world’s out of school children can wait, and I’ll give you 10 million reasons why it cannot.”

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