Charity registration number.. 1180314 CHOICE THROUGH EDUCATION UK TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Dynamix Consultancy Ltd Dane John Works Gordon Road Canterbury Kent CTI 3PP
Cholce Through Educatlon UK Contents Page Trustees, Report Independent Examiner's Report statement of Flnancial Activitles Statement of Financial Position Notes to the Financial Statements
Cholce Through Education UK Trustees, Report For The Year Ended 31 December 2024 The trustees present their report and the financial statements for the year ended 31 December 2024. Objectives and Activities Alms and ObJeetlve$ The objectlves of the CIO are.. l. The prevention of poverty of financial hardship anywhere in the worfd, in particular but not exclusively by providing or assisting in the provision of education, training, health care projects and other facilities and support designed to enable Individuals to generate a sustainable income and be self-sufficient,. and, 2. For the public benefit to advance the education of children and young people who are socially and econornically or just socially disadvantaged in particular but not exclusively in Kenya, in such way as the diversity trustee, think fit. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity Is controlled by its governing document. a constitution in respect to CIO'S. Significant Activities The CIO raises money predominantly through donatlons from bu5inesse5 and individua15. Di5tribution5 are Diade to charitable projects, and the charity also pmvides resources and Information direct to institutions intended for the benefit of the projects. Publlc Beneflt The irustees revlew the oblerts and activities at least once each year to look ar what has been achieved. Reference is made to the guidance in the Charity Commission's general guidance on public benefit when reviewing objectives and planning futu attivities. In particular the trustees consider how planned activities will contribute to the objectives set. The trustees confirm that they have cotnplied with the requirnents of Section 17 of the Charitie5 Act 2011 to have due regard to the Charity Commisslon's guidance on public beneflt. Achievements and Performance Main Achievements An increase In donations for the year saw the charity turnover amount to £42,069. Of which, the charity rnade outward donatlOnS totalling £36,729 to further 5UPPOrt projects in the Kenya region. Flnanelal Revlew Financial Posltion The principal source of funding during the year was donations from individuals and businesses. The receipts and payrnents account shows a deficit of £3,474 for the year. The receipts and payentS 5urplu5 account tota15 £5,214 at the end of the year, and will be carried forward to be used In future years. The three trustees operate on a IOOts/o voluntary basis and receive no remuneration or benefits from the charity. The trustees thernselve5 donate Sufficient fund5 every year to cover any costs which pritnarily relate to Vi51tS to the schools to see the Individual sponsored students. Page I
Cholce Through Educatlon UK Trustees, Report (continued) For The Year Ended 31 December 2024 Reserves Policy Surplu5 funds at the year end which have not been distributed for the objective5 of the charity are taIned in reserve5 to be distributed 3s donations in future accounting periods. The reserves policy Is reviewed 3nnually for It's appropriateness in spect to the aitns and objective5 of the charity. Rlsk Management The trustees have assessed the major risks to which the charity Is exposed and are satisfied that systems are in pla to mitigate exposure to rnajor risk5. Going Concern After making appropriate enquirie5, the Trustees have a reasonable expectation that the charity ha5 adeouate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing financial staternents. Additional Note FUTURE PLANS Short terrn objectives for the future is to ensure the charity has sufficient funds to recower from the 3dverse Impact resulting from the covid-lg pandemic. Additionally, to continue work with the Destiny Gates Foundation on the development OF reporting on students For sponsors, towards the objective of reporting updates three times per year. Longer term aims are to develop the high school, and build the extension for the women's empowerment centre which will anticipate creating further employment in training roles. Reference and Administrative Details Trustee5 Mr Wayne Collins Ms Glynnis Wisbev Mr Barry Thomas Charity Number 1180314 Prlnclpal Addre$$ Cnnford house Faversharn road Boughton less, Ashford Kent TN25 4HJ Independent Examlner Hussein Bhaiji ACCA Page 2
Cholce Through Educatlon UK Trustees, Report (continued) For The Year Ended 31 December 2024 The trustees, report was approved by the board of trustees and signed on its behalf by.. Ms Glynnis Wisbey irfarry Thomas Trustee Trustee 1511012025 Page 3
Cholce Through Educatlon UK Independent Examiner's Report to the Trustees of Choice Through Education UK For The Year Ended 31 December 2024 I report to the trustees on my examination of the accounts of Choice Thmugh Education UK (the Trust) for the year ended 31 December 2024. Responslbllltles and Basls of Report As the charity trustees of the Trust you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 I-the Act"). I report in respert of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Cornmission under section 14515llbl of the Act. Independent Examiner's Statement I have completed my exarnination. I confirm that no material matters have come to rny attention in connection with the examination giving me cause to believe that in any material Spect.. l. accounting records were not kept in respect of the Trust as quIred by section 130 of the Act; or 2. the accounts do not accord with those COrds. or 3. the accounts do not comply with the applicable reouirements concerning the forrn and contents of accounts *t out in the Charities IAccountS and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a rnatter considered as part of an independent examination. I have no concerns and have cotne across no other matter5 in connection with the exarnination to which attention should be dWrn In this report In order to enable a proper understanding of the accounts to be reached. Hussein Bhaiji ACCA 1511012025 Page 4
Cholce Through Education UK statement of Financial Activities For The Year Ended 31 December 2024 31 December 31 December 2024 2023 Unrestrlcted Unrestrlcted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 42,069 34,869 EXPENDITURE ON: Raising funds 145,5431 127.3201 NET (EXPENDITURE)IINCOME 13,4741 7,549 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 13,4741 7,549 8,688 1,139 TOTAL FUNDS CARRIED FORWARD 5,214 8,688 The notes on pages 7 to 9 form part of these financial statements. Page 5
Cholce Through Education UK statement of Financial Position As At 31 December 2024 31 31 December December 2024 2023 Unrestrlcted funds Total funds Notes CURRENT ASSETS C3sh at bank and in hand 5,454 8,928 5.454 8.928 Creditors: Amounts Falling Due Within One Year {2401 12401 NET CURRENT ASSETS (LIABILITIES) 5.214 8.688 TOTAL A$Ss LESS CURRENT LIABILITIES 5,214 8,688 NET ASSETS 5,214 8,688 FUNDS OF THE CHARITY Unrestricred Funds 5,214 8,688 TOTAL FUNDS 5,214 8,688 On behalf of the t)oard Ms Glynnis Wisbey Mr rrY Thomas Trustee 1511012025 Trustee The notes on pages 7 to 9 fortn part of these financial 5tatetnents. Page 6
Cholce Through Education UK Notes to the Financial Statements For The Year Ended 31 December 2024 l. General Information Choice Through Education UK is an unincorporated charity registered with the Charity Cornmission, registered charity number 1180314. The principal address Is Cranford house, Faversham road, Boughton less, Ashford, Kent, TN25 4HI. 2. Accountlng Pollcles 2. 1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191. Financial Reportlng Standard 102 "The Financial Reporting Stsndard appllcable In rhe UK and Republic of Ireland 2nd the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Incoming Resources An increase In donations for the year saw the tharity turnover amount to £42,069. Of whlch, the charity made outward donations totalling £36,730 to further support project5 In the Kenya reglon. 2.3. Cash and Cash Equivalents Cash and cash equivalent5 are basic financial a55ets and include cash in hand and dep051t5 held at call with banks, other short-term highly liquid Investments Ihat mature in no more than three months from the ¢ate of acqulsltlon and are readily convertible to a known arnount of cash with insignificant risk of change in value, and bank overdrafts. 3. In¢ome from Donation$ Legacies 31 December 2024 31 December 2023 Unrestricted Unrestrirted funds fund$ Donations and glfts Gift aid 42,069 21,761 13,108 42,069 34,869 4. Analysls of Expendlture 31 December 2024 Activities undertaken directly Support costs (see note 51 Total Raising funds 43,201 2,342 45,543 December 2023 Actlvltles undertaken irertlv Support costs (see note 51 Totsl Raising Funds 26,982 338 27,320 Page 7
Cholce Through Educatlon UK Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 5. Support Costs December 2024 R•lslng funds General adrninistration 2.342 December 2023 Raising funds General adrnini5tTrtion Governance costs 98 240 338 6. Average Number of Employees Average number OF employees during the year was.. NIL 12023.. 1 7. Credltors.. Amounts Falllng Due Wlthln One Year 31 31 December Deeember 2024 2023 Accruals and deferred income 240 240 8. Movement in Funds Asati January 2024 Asat31 December 2024 Income Expenditure Unre$trlcted fund$ General.. General unrestricted fund 8,688 42,069 145,5431 5,214 Totsl fund$ 8,688 42,069 145,5431 5,214 Asati December A$at31 December 2023 Income Expenditure 2023 Unrestricted funds General.. General unrestricted fund 1,139 34.869 127.3201 8.688 Total funds 1,139 34,869 127,3201 8,688 Page 8