Khanya Educational Trust
Financial Statements for the year ended 31 August 2022
Registered Charity Number: 1169405
Khanya Educational Trust
Statement of accounts for the year ended 31 August 2022
Contents
Page
| 1 | Legal and administrative information |
|---|---|
| 2 | Trustees’ report |
| 3 | Statement of financial activities for the year ended 31 August 2022 |
| 4 | Balance sheet as at 31 August 2022 |
| 5 | Notes to the accounts |
Khanya Educational Trust
Legal and administrative information
Trustees
P Earl D Magyar N Telford L Ritchie
Registered Office
49 Wood Vale London SE23 3DT
Accountants
TC Group 6[th] Floor Kings House 9-10 Haymarket London SW1Y 4BP
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Khany EdtioDl Trust Truslees. Report The Trusiees submii their Tnjstees. r¢port for the year ended 31 August 2022. Obje¢ts of the Trnst, Principal Aetivitie5 Orgni5atlon of our Work The TnLSi is governed by the CIO foundation datrd 29 Sepiejnber 2016. The objects of the TnLSt are lo relieve poverty 2nd advance edu¢ation of underprivileged children anywhere in rhe world by the provision of grants, goods amd other sUPPOrt ID such ways as the Trus(e¢s from time to time think fit. Trustees and otber Rel¢vaDt Persons The names of the Tntee$ #nd other key personnel and relewdni persons are Itthl on page l. The result for the year is sho1 on page 3 and the w)sitiOn ai the end of the year is shoiwn on page 4. Trustees. responsibilities ID relation to tbe Ilnantiai 5tslements The charity rNsiees ate responsible foi preparing a trStee$. annual report and financial statements in accordance with applicable law and United Kingdom Accouniing Stsndards {United Kingdom Genernlly Accepted AUntIng Practice). The law applicabl¢ to chariiies iu Enand and Wa1¢5 requires the charity Injsiees lo prepare financial statements for each year whi¢h give a true and fair view of th¢ stat¢ of affairs of the ch8rity and of the incoming rcsources and atqjlication of resources. of the charity for thai period. In preparing the financial $tat¢tllents. the ttusiees ar¢ requtred to: . seleci suirable accounting p)li¢ies and then apply them eODSiSt¢nily' • observe the [neth[ and principles in the applicable Charities SORP.. - make judgements and c5timates arc rcasonable and prudwL stale whether applicabl¢ accounting standards have been followai subject to arty materi d¢partur¢s disclosed and cxplain¢d in tbe financial ststctrKnts; ' prepare the financial stdtejnents on the goillg concern basis unless It is Atiappropriale to presutne that the charity will Contin In blneSs. The tnjstees are responsible for keeping pr¢)per ac¢ouDtin8 recor(Ls that disclose witb reasollabl¢ accurncy at any time th¢ financial )SitiOn of the ¢hariry and to enable th¢m to ensure that the fioanci81 statements comply with the Charities Act 2011. the appli¢able Charities {Aceounts and Rewrts) Regulations. and the Pro5105 of the Trwt deed They are also resp)]Ksible for safwth.ng the assets of the charity and taking reasonable steps for the prevenrton and d¢t¢¢tion of fraud and other irregularities. The trustee5 are responsible for ihe nsnt¢nance and iniegrity of the chan.ry and financial inforntIon included OD the ¢harity'5 website. Legislation in the United Kingdom govcrning the preparnion and di&4eminati¢)n of financial state¥nent5 fftay differ from legislation in other jurisdictions. On bebalf of the Trustees Trustee .J.>,.£.-.20.15
Khanya Educational Trust
Statement of financial activities for the year ended 31 August 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Income | ||||
| Donations and legacies | 30 | 2,025 | ||
| ------------ | ------------ | |||
| Total income | 30 | 2,025 | ||
| ======= | ======= | |||
| Expenditure | ||||
| Direct charitable expenditure | ||||
| Charitable activities | 2,015 | 3,522 | ||
| Other expenditure | ||||
| Bank charges | 110 | 4 | ||
| -------- | -------- | |||
| 110 | 4 | |||
| ------------ | ------------ | |||
| Total expenditure | 2,125 | 3,526 | ||
| ======= | ======= | |||
| Net movement in funds | (2,095) | (1,501) | ||
| Total funds brought forward | 6,265 | 7,767 | ||
| ------------ | ------------ | |||
| Total funds carried forward | 4,170 | 6,265 | ||
| ======= | ======= |
All income and expenditure is derived from unrestricted activities.
The statement of financial activities includes all gains and losses in the year.
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Kbally4 Edveadonal Trn5t Balance sheet as at 31 August 2022 2022 2021 Ctsrrent Assets Cash at bank and in hand 4,170 6266 4,170 6,266 CTeditor8'. Amounts falling due within one year Tots] Assets Les8 crMI Liabilities 4.170 6,266 4,170 6.266 RepTesented by. Unrestricied fimdg Restricted funds 4.170 6266 4.170 6266 D Magyar Date signed: 13 . 6 . 2023
Khanya Educational Trust
Notes forming part of the accounts for the year ended 31 August 2022
1 ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) published on 16 July 2014, the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Income recognition
Income is derived from subscriptions, donations and investment income. All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income received can be measured reliably.
Donations are all accounted for on the date of receipt into the Charity’s bank account.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably.
All expenses are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.
2. Related party transactions and trustees’ expenses and remuneration
The trustees all give freely of their time and expertise without any form of remuneration or other benefit in cash or kind.
There were no related party transactions during the year (2021: £nil)
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