## **Khanya Educational Trust** Financial Statements for the year ended 31 August 2024 **Registered Charity Number: 1169405** ## **Khanya Educational Trust** Statement of accounts for the year ended 31 August 2024 ___________________________________________________________________________ ## **Contents** ## **Page** |1|Legal and administrative information| |---|---| |2|Trustees’ report| |3|Statement of financial activities for the year ended 31 August 2024| |4|Balance sheet as at 31 August 2024| |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 1 Khanya Edllcational Trust Tru%tees' Report The Trustee8 Submit their Trustees, report for the year ended 31 All￿731 2024. Objects of the TrllsL Principal Actlvltfies and Organtsatlon of our Work The Trn8t is governed by the CIO foundation dat¢d 29 Sept¢mb¢r 2016, The objects of the Trust are to r¢li¢v¢ pov¢ty alld advance ¢d￿atiOn of undeTprivil¢ged chilthyn anywhere in the world by th¢ provision of grants, goods and other support in such ways &s the Trustees fi'om time to time think fit. Trustees and other Relevant Persons The names of tlie Trustees and other key personllel and relevant persons are listed on page l. The result for the year 18 shown on page 3 and the w)sition at the end of the year is shown on page 4. Trustees, respon8ibllltl¢s In relAtlon to the finydnclal stlltementS The charity trustees twe ra%ponsible for preparing a trnstees, annual report and fmancial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (Uni*d Kingdoni Generally Accepted Accounting Practice). Tli¢ law applicable to cIw'Aties in England and Wales re￿ll￿ th¢ chwity trustee8 to pi'epare finallci state4nents for each year which give a true and fair view of the stat¢ of affairs of the charity and of the incoming resources and application of resources, of the charity fth thAt perAod. IrA preparing the financial stat¢mcnts, th¢ tri￿te¢S ar¢ reqLiiT¢d to: ' select SLlltable accounting policie8 and then apply them oonsistently. ' observe the metliods ￿]d principles in the applicable chariti￿ SORP. • ll￿e judgemellts alld estimates that are ieasonable and prnd¢nt' stat¢ whetli¢r applicable accounting standards have been follow￿, subject to any material departures disclosed and explained in the fillancial statements. ' prepare the financial statements on the going concerll basis unless it is inappropriate to presume that the charity will continue in business. The lrnstees are responsible foi keeping prnper accounting records that disclose with reasoJJabl¢ accuracy at any time the financial position of the charity and to enabl¢ them to ¢nsure th&t the financial statemenis coinply witli th¢ Charities Act 2011, tbe applicable Charities (Accounts and Rewiits) Regulations, and tlie ovisions of the Trust deed. They are also rcspollsible for safeguarding the a￿ets of the charity ￿]d takuig reasonabl¢ steps for Éhe prevention and detection of fraud and oth¢r irr¢gulÉttities. The trustees are responsible for the nwint¢nance and integrity of the charity and financial infonnation includ¢d on the cliarity's web61te. Legislation in the Uiiited Kingdoin governing the preparation and di8sth1ination of fiiiancial statempAits may diff￿. from legislation in other jUTisdictions. On behalf of the Trustses D Magyar Trust¢e ## **Khanya Educational Trust** Statement of financial activities for the year ended 31 August 2024 _____________________________________________________________________________________ |||**2024**||**2023**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |**Income**||||| |Donations and legacies||-||-| |||------------||------------| |**Total income**||-||-| |||=======||=======| |**Expenditure**||||| |**Direct charitable expenditure**||||| |Charitable activities||-||-| |**Other expenditure**||||| |Bank charges|-||55|| ||--------||--------|| |||-||55| |||------------||------------| |**Total expenditure**||-||55| |||=======||=======| |Net movement in funds||-||(55)| |Total funds brought forward||4,115||4,170| |||------------||------------| |Total funds carried forward||4,115||4,115| |||=======||=======| **All income and expenditure is derived from unrestricted activities.** **The statement of financial activities includes all gains and losses in the year.** 3 Khanya Edueatlo)val Trust Balance sheet as at 31 August 2024 2024 2023 Current A&sets Cash at bank and in hand 4,115 4,115 4,115 4,115 Creditors: Amounts falling due within one year Total Assets Less Current Liabilities 4,115 4.115 4,115 4,115 R¢pre8¢nt¢d by.. Unrestricted fLmds Restricted funds 4,115 4,115 4,115 4,115 D magY￿- Dato signed: Zly. é. zoIC uste¢ ## **Khanya Educational Trust** Notes forming part of the accounts for the year ended 31 August 2024 _____________________________________________________________________________________ ## 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 (2023: £nil) 5