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|EAST**AFRICAN**EDUCATIONFOUNDATION|EAST**AFRICAN**EDUCATIONFOUNDATION|EAST**AFRICAN**EDUCATIONFOUNDATION|EAST**AFRICAN**EDUCATIONFOUNDATION|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'5**Expended**|||||
|AdministrativeExpenses|4||(1,061)|(1,051)|
|Charitableactivities|||||
|GovernanceCost|||(90)|(90)|
|Total resources**expended**||..|(1,141)|(1,141)|
|Nat Incomingresou~s/|||||
|(resources**expended)**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**<br>**Accountingpollcles**|
|**2.1INCOME**|
|**Recognitionof**<br>TheseareincludedintheStatementofFinancialActivities(SoFA)when:|
|**Income**|
|•<br>thecharitybecomesentitledtotheresources:|
|itIsmorelikelythannotthatthetrusteeswillreceivetheresources;and|
|•<br>themonetaryvaluecanbemeasuredwithsufficientreliability.|
|**Offsetting**<br>Therehasbeennooffsettingofassetsandliabilities,orincomeandexpenses,unlessrequiredorpermittedbytheFRS<br>102SORPorFRS102.|
|**Grantsand**<br>GrantsanddonationsareonlyincludedintheSoFAwhenthegeneralincomerecognitioncriteriaaremet.|
|**donations**|
|Inthecaseofperformancerelatedgrants,incomemustonlyberecognisedtotheextentthatthecharityhasprovided<br>the**specifiedgoods**or**servicesas**entitlementtothe**grant**onlyoccurswhentheperformancerelatedconditionsaremet.|
|**Legacies**<br>LegaciesareincludedintheSOFAwhenreceiptisprobable,thatis,whentherehasbeengrantofprobate,theexecutors|
|haveestablishedthattherearesufficientassetsintheestateandanyconditionsattachedtothelegacyareeitherwithin<br>thecontrolofthecharityorhavebeenmet.|
|**Governmentgrants**Thecharityhasreceivedgovernmentgrantsinthereportingperiod|
|**Tureclalmaon**<br>GiftAidreceivableisincludedinincomewhenthereisavaliddeclarationfromthedonor.AnyGiftAidamountrecovered<br>onadonationisconsideredtobepartofthatgiftandistreatedasanadditiontothesamefundastheinitialdonation<br>**donationsandgifts**unlessthedonororthetermsoftheappealhavespecifiedotherwise.|
|**co;tra:ualIncome**ThisisonlyincludedintheSoFAoncethecharityhasprovidedtherelatedgoodsorservicesormettheperformance<br>**anpeonnance**<br>relatedconditions.<br>•<br>**relatedgrants**|
|**Donatedgoods**<br>Donatedgoodsaremeasuredatfairvalue(theamountforwhichtheassetcouldbeexchanged)unlessimpracticaltodo<br>so.|
|Thecostofanystockofgoodsdonatedfordistributiontobeneficiariesisdeemedtobethefairvalueofthosegiftsatthe<br>timeoftheirreceiptandtheyarerecognisedonreceipt.Inthereportingperiodinwhichthestocksaredistributed,they<br>arere~nisedasanexpenseatthecarryingamountofthestocksatdistribution.|
|Donatedgoodsforresalearemeasuredatfairvalueoninitialrecognition,whichistheexpectedproceedsfromsaleless|
|theexpectedcostsofsale,andrecognisedin'Incomefromothertradingactivities'withthecorrespondingstock|
|recognisedinthebalancesheet.OnItssalethevalueofstockischargedagainst'Incomefromothertradingactivities'<br>andtheproceedsfromsalearealsorecognisedas'Incomefromothertradingactivities'.|
|Goodsdonatedforon-goingusebythecharityarerecognisedastangiblefixedassetsandincludedintheSoFAas|
|incomingresourceswhenreceivable.|





||GiftsInkindforusebythecharityareir,cludedintheSoFAasincomefromdonationswhenreceivable.|
|---|---|
|**Donatedservices**|Donateds~rvlcesandn1cllitiesareIncludedintheSOFAwhenreceivedatthevalueofthegifttothecharityprovidedthe|
|and facllltles|valueofthegiftcanbemeasuredreliably.|
||Donated$ervicesanctfa~litlesthatareconsumedimmediatelyarerecognisedasin09mewithanequivalentamo,,mt|
||recognisedasanexpenseundertheappropriateheadingIntheSOFA.|
|Support**costs**|Thecharityhasincurredexpenditureonsupportcosts.|
|Volunteer help|ThevalueofanyvoluntaryhelpreceivedIsnotincludedintheaccountsbutIsdeJcribedinthetrustees'annualreport.|
|Incomefrom||
|Interest,royalties|ThisIsIncludedintheaccounts~enreceiptIsprobableandtheamountreceivablecanbemeasuredreliably.|
|**anddividends**||
|Incomefrom||
|**memberahlp**|M•mbel'lhipsubscriptionsrece!vedInthenatureofagiftarerecognisedinDonationsandLegacies.|
|**aubtcrlptlona**||
||Membershipsubscriptionswhichgivesamemberth~righttobuyservicesorotherbenefitsarerecognisedasincome|
||ea"l'ledfromtheprQvlslonofgoodsandservicesasincomefromcharitableactivities.|
|**Settlement**of|Insuranceclaimsareonlylnch4dedintheSoFAwhenthegeneralIncomerecognitioncriteriaaremet(5.10to5.12FRS|
|**Insurance**clalms|102SORP)andareincludedasanitemofotherIncomeIntheSoFA.|
|lnvntment**gains**|Thisinclude$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.<br>'|
|Grantswith|Wherethecharity**givesa **grantwithconditionsforitspaymentbeingaspecificlev~Iofserviceoroutputtobeprovided,|
|performance|suchgrantsareonlyrecognisedIntheSoFAoncetherecipientofthegranthasprovidedthespecifiedserviceoroutput.|
|condition•||
|Grantspayable|Wheretherearenocondition&attachingtothegrantthatenablesthedonorcharitytorealisticallyavoidthecommitment,|
|without|•liabilityforthefullfundingobligationmustberecognlH(J,|
|**performance**||
|conditions||
|Redundancycost|Thecharitymadenoredundancypaymentsduringthereportingperiod.|
|**Deferred**Income|NomQterialitemofdeferredincomehasbe~nint;ludedintheaccounts.|
|Cntdltora|Thecharityhascreditorswhicharemijasuredatsettlementamountslessanytradediscounts|
|Provlalonafor|A liability ismeasuredonrecognitio~~titshistQrical_costandthensubsequentlymeasuredatthebeste$timijteofthe|
|**ll1bllltles**|amountrequiredtosettletheobligationatthereportingdate|
|**Basic**financial|Thecharityaccountsforbasicfinancialinstrumentsoninit!alrecognitionasperparagraph10.7FRS102SORP.|
|**lnatruments**|Subsequentmeasurem~ntisasperparagraphs11.17to11.19,FRS102SORP.|





|**2.3ASSETS**||
|---|---|
|**Tangiblefixed**|Thesearecapitalisediftheycanbeusedformorethanoneyear,andcostatleast|
|**apetaforuaeby**<br>charity|Theyarevaluedatcost.|
||Thedepreciationrate~andmethodsusedaredisclose~innote7.|
|**ln'-nglblefixed**|ThecharityhasIntangiblefixeda,seta,th•ti,,non~monetary**aaaei.**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<br>•|
|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|





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