| EASTAFRICANEDUCATIONFOUNDATION | EASTAFRICANEDUCATIONFOUNDATION | EASTAFRICANEDUCATIONFOUNDATION | EASTAFRICANEDUCATIONFOUNDATION | CIO |
|---|---|---|---|---|
| STATEMENTOFFINANCIALACTIVITIES | ||||
| For the year ended31March2023 | ||||
| Restricted | Unrestricted | Total | ||
| Funds | Funds | Fuods | ||
| 202~ | 2023 | 2023 | ||
| Now | £ | £ | £ | |
| Incoming Resources | ||||
| IncomingresourcesfromQeneratedfunds: | ||||
| Voluntarydonations | 3 | 2,502 | 2,502 | |
| Total Incoming resource$ | 2,502 | 2,502 | ||
| Resourc'5Expended | ||||
| AdministrativeExpenses | 4 | (1,061) | (1,051) | |
| Charitableactivities | ||||
| GovernanceCost | (90) | (90) | ||
| Total resourcesexpended | .. | (1,141) | (1,141) | |
| Nat Incomingresou~s/ | ||||
| (resourcesexpended)before | ||||
| transfers | ||||
| Tran~fersbetweenFunds | I" | |||
| Nat movementoffunds in year | 1,361 | 1,~61 | ||
| Net Income / expenditure | ||||
| fQrthe year | 1,3Q1 | 1,361 | ||
| Total Funds brought forward | ||||
| Totalfyndsat31October2023 | 8 | 1,361 | 1,361 |
| 1.1Basisofaccounting |
|---|
| Theseaccountshavebeenpreparedunderthehistoricalcostconventionwithitemsrecognisedatcostortransactionvalueunlessotherwise |
| statedIntherelevantnote(s)totheseaccounts. |
| Theaccountshavebeenpreparedinaccordancewith: |
| theStatementofRecommendedPractice:AccountingandReportingbyCharitiespreparingtheiraccountsinaccordancewiththeFinancial |
| ReportingStandardapplicableIntheUKandRepublicofIreland(FRS102)issuedon16July2014 |
| 1.2Changeofaccountingpolicy |
| Theaccountspresentatrueandfairviewandtheaccountingpoliciesadoptedarethoseoutlinedinnote{1.1}. |
| Note2 Accountingpollcles |
| 2.1INCOME |
| Recognitionof TheseareincludedintheStatementofFinancialActivities(SoFA)when: |
| Income |
| • thecharitybecomesentitledtotheresources: |
| itIsmorelikelythannotthatthetrusteeswillreceivetheresources;and |
| • themonetaryvaluecanbemeasuredwithsufficientreliability. |
| Offsetting Therehasbeennooffsettingofassetsandliabilities,orincomeandexpenses,unlessrequiredorpermittedbytheFRS 102SORPorFRS102. |
| Grantsand GrantsanddonationsareonlyincludedintheSoFAwhenthegeneralincomerecognitioncriteriaaremet. |
| donations |
| Inthecaseofperformancerelatedgrants,incomemustonlyberecognisedtotheextentthatthecharityhasprovided thespecifiedgoodsorservicesasentitlementtothegrantonlyoccurswhentheperformancerelatedconditionsaremet. |
| Legacies LegaciesareincludedintheSOFAwhenreceiptisprobable,thatis,whentherehasbeengrantofprobate,theexecutors |
| haveestablishedthattherearesufficientassetsintheestateandanyconditionsattachedtothelegacyareeitherwithin thecontrolofthecharityorhavebeenmet. |
| GovernmentgrantsThecharityhasreceivedgovernmentgrantsinthereportingperiod |
| Tureclalmaon GiftAidreceivableisincludedinincomewhenthereisavaliddeclarationfromthedonor.AnyGiftAidamountrecovered onadonationisconsideredtobepartofthatgiftandistreatedasanadditiontothesamefundastheinitialdonation donationsandgiftsunlessthedonororthetermsoftheappealhavespecifiedotherwise. |
| co;tra:ualIncomeThisisonlyincludedintheSoFAoncethecharityhasprovidedtherelatedgoodsorservicesormettheperformance anpeonnance relatedconditions. • relatedgrants |
| Donatedgoods Donatedgoodsaremeasuredatfairvalue(theamountforwhichtheassetcouldbeexchanged)unlessimpracticaltodo so. |
| Thecostofanystockofgoodsdonatedfordistributiontobeneficiariesisdeemedtobethefairvalueofthosegiftsatthe timeoftheirreceiptandtheyarerecognisedonreceipt.Inthereportingperiodinwhichthestocksaredistributed,they arere~nisedasanexpenseatthecarryingamountofthestocksatdistribution. |
| Donatedgoodsforresalearemeasuredatfairvalueoninitialrecognition,whichistheexpectedproceedsfromsaleless |
| theexpectedcostsofsale,andrecognisedin'Incomefromothertradingactivities'withthecorrespondingstock |
| recognisedinthebalancesheet.OnItssalethevalueofstockischargedagainst'Incomefromothertradingactivities' andtheproceedsfromsalearealsorecognisedas'Incomefromothertradingactivities'. |
| Goodsdonatedforon-goingusebythecharityarerecognisedastangiblefixedassetsandincludedintheSoFAas |
| incomingresourceswhenreceivable. |
| GiftsInkindforusebythecharityareir,cludedintheSoFAasincomefromdonationswhenreceivable. | |
|---|---|
| Donatedservices | Donateds~rvlcesandn1cllitiesareIncludedintheSOFAwhenreceivedatthevalueofthegifttothecharityprovidedthe |
| and facllltles | valueofthegiftcanbemeasuredreliably. |
| Donated$ervicesanctfa~litlesthatareconsumedimmediatelyarerecognisedasin09mewithanequivalentamo,,mt | |
| recognisedasanexpenseundertheappropriateheadingIntheSOFA. | |
| Supportcosts | Thecharityhasincurredexpenditureonsupportcosts. |
| Volunteer help | ThevalueofanyvoluntaryhelpreceivedIsnotincludedintheaccountsbutIsdeJcribedinthetrustees'annualreport. |
| Incomefrom | |
| Interest,royalties | ThisIsIncludedintheaccounts~enreceiptIsprobableandtheamountreceivablecanbemeasuredreliably. |
| anddividends | |
| Incomefrom | |
| memberahlp | M•mbel'lhipsubscriptionsrece!vedInthenatureofagiftarerecognisedinDonationsandLegacies. |
| aubtcrlptlona | |
| Membershipsubscriptionswhichgivesamemberth~righttobuyservicesorotherbenefitsarerecognisedasincome | |
| ea"l'ledfromtheprQvlslonofgoodsandservicesasincomefromcharitableactivities. | |
| Settlementof | Insuranceclaimsareonlylnch4dedintheSoFAwhenthegeneralIncomerecognitioncriteriaaremet(5.10to5.12FRS |
| Insuranceclalms | 102SORP)andareincludedasanitemofotherIncomeIntheSoFA. |
| lnvntmentgains | Thisinclude$anyrealisedorunrealisedgainsorlossesQnthesaleofinvQstmentsandanygainorlossresultingfrom |
| andlou.-s | revaluinginvestmentstomarketvalueattheendoftheyear. |
| 2.2 EXPENDITURE | AND LIABILITIES |
| Llablllty | LiabilitiesarerecognisedwhereItIsmorelikelythannotthatthereisalegalorconstruc;tiveobligatiQncommittingthe |
| recognition | charitytopayoutresourcesandtheamountoftheobligationcanb~measuredwithreasonablecertainty. |
| Govemancaand | SupportCQStshavebe&l"Iallocatedbetweengovernancecostsandothersupport.Governancecostscompriseallcosts |
| aupport coats | involvlngpublicaccoun~bilityofthecharityanditscompliancewithreg\,llationandgoodpractice. |
| Suppprtcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesonabasisconsistentwiththe | |
| useofresources,egallocatingpropertycostsbyfloor~reas,orpercapita,staffcostsbythetimespentandothercosts | |
| bytheirusage. ' |
|
| Grantswith | Wherethecharitygivesa grantwithconditionsforitspaymentbeingaspecificlev~Iofserviceoroutputtobeprovided, |
| performance | suchgrantsareonlyrecognisedIntheSoFAoncetherecipientofthegranthasprovidedthespecifiedserviceoroutput. |
| condition• | |
| Grantspayable | Wheretherearenocondition&attachingtothegrantthatenablesthedonorcharitytorealisticallyavoidthecommitment, |
| without | •liabilityforthefullfundingobligationmustberecognlH(J, |
| performance | |
| conditions | |
| Redundancycost | Thecharitymadenoredundancypaymentsduringthereportingperiod. |
| DeferredIncome | NomQterialitemofdeferredincomehasbe~nint;ludedintheaccounts. |
| Cntdltora | Thecharityhascreditorswhicharemijasuredatsettlementamountslessanytradediscounts |
| Provlalonafor | A liability ismeasuredonrecognitio~~titshistQrical_costandthensubsequentlymeasuredatthebeste$timijteofthe |
| ll1bllltles | amountrequiredtosettletheobligationatthereportingdate |
| Basicfinancial | Thecharityaccountsforbasicfinancialinstrumentsoninit!alrecognitionasperparagraph10.7FRS102SORP. |
| lnatruments | Subsequentmeasurem~ntisasperparagraphs11.17to11.19,FRS102SORP. |
| 2.3ASSETS | |
|---|---|
| Tangiblefixed | Thesearecapitalisediftheycanbeusedformorethanoneyear,andcostatleast |
| apetaforuaeby charity |
Theyarevaluedatcost. |
| Thedepreciationrate~andmethodsusedaredisclose~innote7. | |
| ln'-nglblefixed | ThecharityhasIntangiblefixeda,seta,th•ti,,non~monetaryaaaei.thatdonothavephy,1ca11ubstancebutare |
| ••Hta | identifiableandarecontrollttdbythecharitythroughcustodyorlegalrtgtits.Theamortiaationrate•andmethodsused |
| aredisclosedInnote1~ | |
| Theyarevaluec;fatcost. | |
| Investments | Fixedassetinvestmentsinquot,dshares,tradedbondsandsimilarlnves.tmel'!tsarevalu1&datinitiallyatCQStand |
| subsequentlyatfairvalu~Oheirmarketvalue)attheyearend,ThesametreatmentitappliedtounlistadInvestments | |
| unlessfairv,tuecannotbemea,suredreliablyInwhichcaseitI$measuredatcostle&!Simpairment. | |
| Investmentsheldforresal~orpendingtheirsa!eands:ashandcash~quivalentawithamaturitydJteoflessthan1year | |
| aretre•tedascurrentassetinvestments • |
|
| Stocks •nd workInStocksheldfor,aleaspartofnon..charitabletradearemea,uredat\helowerorcostornetrealisablevalue. | |
| progrna | |
| Goodsorservicesprovidedaspartofacharitcibl~!iatlvltyaremeasuredatnetrea,lisablevaluebasedontheservice | |
| potentialprovidedbyitemsofstock. | |
| WorkinprogressisvaluedatcostleasanyforeseeableloesthatIslikelytooccurcmthecontra~. | |
| Debtors | Debtors(IncludingtradedebtorJandloansreceivable)aremeafluredoninlti(llrecoi;,nltlonatsettlement~mountafterany |
| tradedlscovntsoramountadvancedbythech,rity.Subaequ~mtly,th~yareme41suredatthecashorotherconsideration | |
| expectedtobereceived. |
| 7 | Tangible FixedAssets | ||||
|---|---|---|---|---|---|
| Computer | |||||
| Equipment | Total | ||||
| £ | £ | ||||
| Coat | |||||
| At1April2022 | |||||
| Additions | 450 | 450 | |||
| Disposal | |||||
| At31March2023 | 450 | 450 | |||
| Depreciation | |||||
| At1April2022 | |||||
| Chargefortheyear | 90 | 90 | |||
| Eliminationondisposals | |||||
| At31MJrch2023 | 90 | 90 | |||
| NetBC>QkValue | |||||
| At31March2023 | 360 | 360 | |||
| At1April2Q22 | |||||
| 8 | Statementoffunds | ||||
| Brought | Incoming | Resources | Carried | ||
| Forward | Resources | Expended | Forward | ||
| £ | £ | £ | £ | ||
| UnrestrictedFunds | |||||
| GeneralFunds | 2,502 | 1,141 | 1,361 | ||
| RestrictedFunds | |||||
| FundRaising | |||||
| Other | |||||
| Total Funds | 2,502 | 1,141 | 1,361 |