africa educational trust (aet) annual report...

AFRICA EDUCATIONAL TRUST (AET)

ANNUAL REPORT

AND ACCOUNTS

For the year ended

31st

August 2012

18 Hand Court

London

WC1V 6JF

(Registered Office)

Registered Charity Number 313139

AFRICA EDUCATIONAL TRUST

FOR THE YEAR ENDED 31ST

AUGUST 2012

CONTENT OF THE ANNUAL REPORT

Pages

Annual Report of the Trustees 1 to 5

Report of the Independent Auditors 6

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) 7

Balance Sheet 8

Notes to the Financial Statements 9 to 20


TRUSTEES’ REPORT


AUGUST 2012

Page 1

Reference and Administrative Details

Chair: Dr Christopher Beer

Vice Chair: Ms Sally Healy OBE

Hon. Treasurer: Prof Richard Hodder-Williams

The Trustees during the year were:

Dr Christopher Beer

Mr Terry Connor

Mr Raschid Desai

Mr Richard Dowden (retired 14 December 2011)

Ms Sally Healy OBE

Prof Richard Hodder-Williams

Prof Cisco Magagula

Prof Francis Katamba

Prof Sally Tomlinson (retired 26 September 2011)

Dr Cream Wright (retired 28 September 2011)

Executive Director: Sara Cottingham (started 1st

May 2012)

Dr Michael Brophy OBE (retired 30th

April 2012)

Patrons: H E Mrs Bience Gawanas

The Baroness Taylor of Bolton

Prof Ioan Lewis

Mr Philip Pullman Mr Richard Dowden (appointed 28 March 2012)

Prof Sally Tomlinson (appointed 26 September 2011)

Registered Charity No: 313139

Registered Office: 18 Hand Court, London, WC1V 6JF

Telephone: 020 7831 3283

Fax: 020 7242 3265

Website: www.africaeducationaltrust.org

e-m ail: [email protected]

Auditors: Sayers Butterworth LLP, 3rd

Floor, 12 Gough Square, London EC4A 3DW

Bankers: Allied Irish, 100 Gray’s Inn Road, London WC1X 8AL

CAF Bank, 25 Kings Hill Avenue, Kings Hill, Malling, Kent ME19 4JQ

Lloyds TSB Bank plc, 22 Southampton Street, London WC2E 7JB

Investment Advisers: Barclays Wealth, 1 Churchill Place, London E14 5HP

Solicitors: MA-Law (Solicitors) LLP, 72-74 Edgware Road, London W2 2EG

http://www.africaeducationaltrust.org/

mailto:[email protected]


TRUSTEES’ REPORT


AUGUST 2012

Page 2

The Trustees submit their report and the audited financial statements for the year ended 31st

August

2012.

Structure, Governance and Management The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)

“Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and

financial statements of the charity.

The Trust was created by Deed dated 31

st August 1958 and is registered with the Charity Commission

(Registration Number 313139) as a charity.

The purpose of the Trust is (i) the study of, and the dissemination of knowledge concerning African

affairs or (ii) the general education in Africa for all persons and outside Africa for persons who in the

opinion of the Trustees are wholly or partly of African descent.

The Trust has up to 15 Trustees, who as charitable trustees have the legal responsibility for the

effective use of resources in accordance with the objectives of the Africa Educational Trust and for

providing effective leadership and direction.

The Trust Deed requires the Trustees to prepare financial statements for each financial year which give

a true and fair view of the statement of affairs of the Trust and of its financial activities for the period.

No new Trustees were appointed during the year. New Trustees or additional Trustees have to be

nominated by at least two Trustees and elected by a majority of the Trustees. Trustees may by

resolution remove any Trustee and a Trustee is deemed to have resigned if they are: (i) Absent for four

consecutive meetings of the Board of Trustees or (ii) Absent from all meetings of the Board of Trustees

held in any calendar year: whichever is the greater without reasonable cause. Three trustees retired

during the year.

No Patrons retired during the year. Two new Patrons were appointed.

The Trustees hold an Annual General Meeting each year and in addition four Trustees’ meetings are

held during the year. There were no major policy changes during the year.

During the year the Trustees have encouraged new work in appropriate African countries and have

approved longer-term strategic aims and plans.

Based on the risk assessment carried out by the Trustees in accordance with the requirements of the

SORP 2005 during the previous year, the major risks to which the charity can be exposed were

reviewed. The risk register has been monitored on a regular basis by the Trustees and appropriate

action taken where necessary.

A new Executive Director was appointed in May 2012, following the retirement of the incumbent. Two

new roles were created: a Programme Director role based in Nairobi appointed in May 2012 and a

Finance & Administration Director post from August 2012 to replace and combine the roles of the

retiring Deputy Director and the external accountancy function. The new Executive Director formed a

new Senior Management Team to include those two roles as well as the Regional Manager for Somalia,

which established the structure previously envisaged by the Trustees.

Objectives, Performance and Achievements

Following the decision taken by the Board of Trustees and reflected in the Trust’s five-year Strategic

Plan, during the financial year AET increased and expanded its work in South Sudan and Uganda. A

number of projects were launched during the financial year, including new projects in Somalia, South Sudan and Uganda.

In Somalia a new project (Somali Nomadic Education Project, SNEP) was launched with funding from

The Pharo Foundation. The project will build on AET’s experience in working with pastoralist

communities to develop sustainable approaches to delivery of basic education and vocational skills

training for children and adults.


TRUSTEES’ REPORT


AUGUST 2012

Page 3

A key feature of AET’s support for secondary education continues to be the construction and use of

Girl Friendly Spaces (GFS) where girls have access to toilet facilities as well as a study space for

additional classes and out of school clubs (funded by USAID through Mercy Corps). The spaces are

managed by committees of girl students, and the attendance and academic results of girls have

improved. The imbalance between male and female students has been a problem that the ministries of

education have wished to address.

The ICDSEA project (Integrated Capacity Development for Somali Education Administrations) project

funded by the European Union and implemented with UNICEF and the Centre for British Teachers

(CfBT) entered its third and final year. The project is developing “the capacity of the Ministries of

Education in Somaliland, Puntland and Central and Southern Somalia to more effectively manage, plan

for and deliver formal and non-formal educational services in an equitable and efficient manner”. The

Trust is supporting the quality element of this programme and provides training as well as support for

the production of key documents such as curriculum and inspectorate supervision guidelines. Long

term consultants, often Somali-speaking, work within ministries to train and support their colleagues in

order to implement this programme.

The Trust continued to support the development of examinations in Somaliland, Puntland and Central

and Southern Somalia. The project was able to help Ministries of Education and local educational

organisations to provide valid and reliable examinations for over 16,000 primary and 6,300 secondary

students. This included 4,500 students in the war-torn area of Central and Southern Somalia. AET

support focuses on the relevant stage of development for the country, working on a range of issues

from the printing of exam papers to planning for future national examinations with increased numbers

of candidates.

In South Sudan two major new projects were launched: one a three-year project funded by the EU

called Community Education & Development to strengthen community support for primary education,

particularly for girls through School Mothers (community mentors), and a one-year project funded by

the Isle of Man called the Women's Learning Centre to provide young women who have dropped out of

school the opportunity to complete secondary education. The Trust continued to support the education

of children and young people in 100 communities supported by DFID, provide English literacy training

for out-of-school youth through radio broadcasts and capacity building of local journalists (supported

by Comic Relief), provide IT training to government staff and distance education training of secondary

school teachers in four states in South Sudan. Support for higher education continued to be provided

through the Nelson Mandela Metropolitan University and the University of Fort Hare in South Africa.

In Uganda, the Big Lottery Fund Grant provided a development grant in order to plan a project helping

street children to access education with our partner Child Restoration Outreach and with the district

education authority. The resulting proposal was successful.

The Trust’s partnership with Bookaid International continued with shipments of books delivered to

Somalia, South Sudan and Uganda for use in school libraries.

In the UK, the Trust operated a very limited small emergency grant programme whereby students of

African origin, studying in the UK, can obtain emergency grants to enable them to complete their

courses. During the financial year, the Trust also continued to support a number of research and

scholarship programmes in the UK. The capacity building project for African women working and

volunteering in African community and refugee organisations in London has continued successfully

throughout the year.

Decision making All major policy decisions of the Trust are taken at meetings of the Board of Trustees and carried out

by the Executive Director and staff.

In 2011-2012 the Trust had a small team of 11 staff at its headquarters in London who were supported

by volunteers. There were 9 members of staff in the Trust’s Regional office in Nairobi, Kenya.

In setting objectives and planning activities, the Trustees have given due regard to the public benefit

guidance published by the Charity Commission in accordance with Section 17 of the Charities Act

2011.


TRUSTEES’ REPORT


AUGUST 2012

Page 4

Policy on induction and training of Trustees Prospective new Trustees are invited to a meeting with the Chair and Executive Director prior to their

name being put forward to the Trustees. Following appointment as a Trustee the new Trustee attends a

briefing with the Executive Director about the projects and the administrative structure of the Trust and

is introduced to staff at the London headquarters. All new Trustees receive information from the

Charity Commission relating to Trustees’ responsibilities.

Reserve Policy The Trustees’ policy is to maintain adequate free reserves to enable the charity to meet shortfalls in

income for specific projects or any unforeseen expenditure which may occur.

It was agreed at the Annual General Meeting of the Africa Education Trust, held on 28th March 2012

that the Trust’s policy aim should be increased to have free reserves of £250,000 to enable it to operate

for a reasonable time without restrictions on cash flow.

With the proximity of the completion of the major projects, a more prudent view has been taken as to

the likely final income on projects, with the effect that free reserves at 31st August 2012 fell below the

£250,000 target. The objective is to increase free reserves back up to this target level in the medium

term.

Financial Review

The Trust applies its funds to one of two categories: Restricted funds and Unrestricted funds.

Restricted funds are held for defined projects nominated by the donor(s). Unrestricted funds comprise

the General Fund and the Contingency Fund. These may be used for all purposes within the

constitutional objectives of the Trust as set out at the beginning of this report.

Restricted Fund: These funds and the summarised movements during the year are set out in Note 15 to

the accounts.

The restricted fund, entitled the Colonel Johnson Educational Trust for Swaziland, was mainly held in

the form of investments.

Unrestricted Funds: Total income received, including interest on deposits, amounted to £60,098 (2011:

£77,275). Total resources used, including grants made out of these funds, amounted to £162,730

(2011: £49,513) (See Page 7 SOFA).

At the year-end 30% (2011: 74%) of the Trust’s total gross assets were held in the Bank and other

similar accounts and 15% (2011: 12%) was held as investments. These assets were available and

sufficient to meet the Trust’s obligations in respect of all its restricted funds.

The Trust receives the majority of its funding from UK and international donors. The major donors

include the European Union (EU), the Department for International Development (DFID), UNICEF

and Comic Relief. The funding is mainly for discrete specified fixed-term projects. The Trust has no

endowment fund to contribute to its fixed costs. However during the financial year the Trust was able

to raise a small proportion of its income as unrestricted funding. The need to achieve the appropriate

level of unrestricted funding continues to be a major consideration for the Trust.

The Trustees’ investment objectives are that the real value of the Trust’s assets be maintained and

enhanced over the longer term by investment in a portfolio of Equities, Fixed Income Bonds and Cash

with the intention of maximising income within these general goals. In order to meet these objectives,

the Trustees have continued to use an independent fund manager as their agent in managing a

diversified portfolio of suitable investment on a discretionary basis.


TRUSTEES’ REPORT


AUGUST 2012

Page 5


Independent Auditors’ Report to the Trustees of Africa Educational Trust


AUGUST 2012

Page 6


Page 7

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST AUGUST 2012

Notes

2012 2011

Unrestricted

funds

£

Restricted

funds

£

Total

funds

£

Total

£

Incoming Resources

Incoming Resources from Generated Funds

Investment Income

2

1,761

1,968

3,729

8,653

Incoming Resources from Charitable Activities

1,761 1,968 3,729 8,653

Grants and donations 18 26,792 4,253,250 4,280,042 4,418,741

Other Incoming Resources

Consultancy fees

18

31,545

-

31,545

37,015

Total Incoming Resources 60,098 4,255,218 4,315,316 4,464,409

Resources Expended

Cost of generating funds:

Investment management fees

464

2,438

2,902

4,872

Cost of Charitable Activities

Direct charitable expenditure

3

106,399

4,532,016

4,638,415

4,179,970

Governance and other resources expended

Fundraising and publicity costs

4

6,460

-

6,460

1,617

Governance cost 5 4,187 7,338 11,525 14,791

Management and administration costs 6 45,220 - 45,220 41,887

Total Resources Expended 162,730 4,541,792 4,704,522 4,243,137

Net (outgoing)/incoming resources

Other recognised gains and losses

Unrealised gain on investments

10

(102,632)

531

(286,574)

9,669

(389,206)

10,200

221,272

3,316

Realised gain on investments 10 1,512 2,450 3,962 9,440

Net movement in funds (100,589) (274,455) (375,044) 234,028

Total funds balances brought forward

249,184

1,653,229

1,902,413

1,668,385

Total funds balances carried forward 148,595 1,378,774 1,527,369 1,902,413

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these accounts.


BALANCE SHEET

AS AT 31ST AUGUST 2012


NOTES TO THE ACCOUNTS


1. Accounting policies

The following accounting policies have been used consistently in dealing with items which are considered material

in relation to the group’s financial statements.

Basis of accounting

The financial statements have been prepared under the historical cost convention, in accordance with the Statement

of Recommended Practice (SORP), ‘Accounting and Reporting by Charities’ published in March 2005. The

accounts also comply with the requirements of the Charities Act and relevant Accounting and Reporting Standards.

The charity has taken advantage of the exemption in the Financial Reporting Standards from the requirement to

produce a cash flow statement.

Tangible fixed assets

Tangible fixed assets are recorded at cost.

Depreciation

Depreciation has been provided at the following rates in order to write down the cost or valuation, less estimated

residual value, of all tangible fixed assets by equal annual instalments over their expected useful lives:

Furniture and Office Equipment - 25% reducing balance

Investments

UK and overseas investments are included in the accounts at market value. Realised and unrealised gains or losses

are credited or charged to the statement of financial activity as are interest and dividends.

Incoming Resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount

quantified with reasonable accuracy. The following specific policies apply to categories of income:

I. Income from grants and donations: where related to performance and specific deliverables are accounted

for as the charity earns the right to consideration by its performance. Where income is received in advance of

its recognition it is deferred and included in creditors. Where entitlement occurs before income being

received the income is accrued.

II. Other income is recognised in the accounts as it becomes receivable.

Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all

costs relating to the category.

I. Charitable Activities – Costs of charitable activities comprise all costs identified as wholly or mainly

attributable to achieving the charitable objectives of the charity, including the costs of disseminating

information in support of charitable activities. These costs include staff costs, wholly or mainly

attributable support costs and an apportionment of general overheads.

II. Governance costs – These comprise all costs identified as wholly or mainly attributable to ensuring the

public accountability of the charity and its compliance with regulation.

Allocation of costs

Staff costs and office overheads are allocated by the Trustees between direct, support and administrative expenditure

on the basis of time spent on these activities.


NOTES TO THE ACCOUNTS CONTINUED


1. Accounting policies (continued)

Pension costs

The Africa Educational Trust operates a defined contribution scheme for the benefit of the employees. The assets

of the Scheme are held independently from those of The Africa Educational Trust in an independently administered

fund. The pension cost charged in the financial statements represents the contributions payable during the year.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the

date of the transaction. Exchange differences are taken into account in arriving at the net operating surplus / (deficit).

Value added tax

Value Added Tax is not recoverable by the Trust, and as such is included in the relevant costs in the Statement of

Financial Activities.

Taxation

No provision has been made for income tax or deferred tax for The Africa Educational Trust as the charitable

trust is a registered charity and is therefore exempt.

Operating leases

The only lease held by the group is the lease on its premises which is regarded as an operating lease and the

payments made under this are charged on a straight-line basis over the lease term.

Restricted funds

Where grants are to be spent in accordance with terms agreed with the funders, the income and relating expenditure

are shown as ‘Restricted’. Any unspent restricted income at the year end is deferred for spending to future years.

Unrestricted funds

Core income and such other income for which there are no restrictions on the way it can be spent are termed

‘Unrestricted’. Such unspent income at the year end is termed ‘Unrestricted funds’.

2. Investment Income

2012

2011

Unrestricted

£ Restricted

£ Total

£ Total

£

UK listed investments

1,269

1,930

3,199

7,232

Non UK listed investments - - - 691

National Saving Bank / CAF Gold - UK 477 38 515 636

Bank deposits - UK 15 0 15 94

1,761 1,968 3,729 8,653

3.

Cost of Charitable Activities

Project funding and student grants

106,399

3,991,294

4,097,693

3,656,430

Staff costs (Note 8) - 290,234 290,234 290,100

Direct costs 106,399 4,281,528 4,387,927 3,946,530

Support costs (Note 7) - 250,488 250,488 233,440

106,399 4,532,016 4,638,415 4,179,970




2012

2011

4. Fundraising and Publicity Costs

Unrestricted Restricted Total Total

£ £ £ £

Fundraising costs 6,460 - 6,460 1,617

The fundraising costs are mainly for preparing applications for donors and organising sponsorship activities and

fundraising.

5. Governance Cost

Audit fees 3,792 7,338 11,130 11,262

Cost of Trustees travel and meetings 395 - 395 3,529

4,187 7,338 11,525 14,791

6.

Management & Administration Costs

Staff costs (Note 8) 30,347 - 30,347 28,272

Postage, printing and stationery 1,117 - 1,117 990

Accountancy charges 4,084 - 4,084 3,623

Bank charges 432 - 432 391

Depreciation 481 - 481 239

Miscellaneous 2,159 - 2,159 2,162

Premises cost 6,600 - 6,600 6,210

45,220 - 45,220 41,887

7.

Support Costs

Staff costs (Note 8)

-

189,807

189,807

161,926

Office costs - 51,833 51,833 60,530

Meetings and Travel - 325 325 1,869

Subscription, periodicals and books - 4,687 4,687 5,569

Bank charges - 1,816 1,816 2,201

Depreciation - 2,020 2,020 1,345

- 250,488 250,488 233,440

8.

Staff Costs

Staff costs

26,129

433,292

459,421

431,679

Social Security costs 904 31,963 32,867 30,633

Pension costs 1,911 10,400 12,311 13,245

Volunteers expenses 3 - 3 630

Recruitment and training 1,400 4,386 5,786 4,111

30,347 480,041 510,388 480,298

Allocated to:

Direct costs (Note 3)

-

290,234

290,234

290,100

Support costs (Note 7) - 189,807 189,807 161,926

Management and administration costs (Note 6) 30,347 - 30,347 28,272

30,347 480,041 510,388 480,298




9. Tangible Assets

Cost

At 1st September 2011

Fixtures

Fittings &

Equipment

£

62,898

Additions 7,501

At 31st August 2012 70,399

Depreciation

At 1st September 2011

55,194

Charge for the year 3,801

At 31st August 2012 58,995

Net Book Amount

At 31st August 2012

11,404

At 31st August 2011

7,704

2012

£

2011

£

Market value at the beginning of the year

234,868

305,415

Additions at Cost 75,931 65,113

Disposals proceeds (88,732) (148,416)

Realised gain based on opening market value 3,962 9,440

Unrealised gain arising in this year 10,200 3,316

Market Value at end of year 236,229 234,868

Cash held as part of portfolio 11,048 1,418

Market Value of portfolio at end of year 247,277 236,286

Historical Cost at year end

223,332

212,832

The investment portfolio is comprised as follows :

UK Quoted Investments

199,987

194,943

Non UK Quoted Investments 36,242 39,925

UK Portfolio Cash 11,048 1,418

247,277 236,286

8. Staff Costs (continued)

The average number of employees in London and Nairobi was 20 (2011 : 21). There are no employees that earn

above £60,000 per annum.

No Trustee received any remuneration during the current or prior year.

During the year expenses were reimbursed by the charity to Prof Francis Katamba and Prof Sally Tomlinson,

Trustees of the charity. These were travelling and subsistence expenses amounting to

£395 (2011 : £2,450) incurred in connection with Trustee meetings.

10. Investments

The investments include restricted funds of £193,002 (2011 : £216,181 ) relating to the Colonel Johnson Education

Trust for Swaziland.




Investments (continued) 2012

£

2011

£

The UK and non UK quoted investments of £236,229 (2011 : £234,868) can be analysed as follows :

Direct Investments 113,872 113,918

Indirect Investments ( Investment Funds ) 122,357 120,950

236,229 234,868

10.

The following investments represent more than 5% of the value of the investment portfolio as at 31 August 2012.

Description Holding MV as at

31-Aug-12

Book Cost

31-Aug-12

£ £

UK 2.5% I/ LKD 16/8/2013 17,640 49,668 50,144

UK 2.5% I/L Stk 16/04/2020 17,070 64,128 51,457

M & G Securities Corporate Bd 46,500 17,614 15,071

Invesco Mgr Per Corporate Bd 19,500 16,099 14,900

Invesco Mgr Per Perpetual Income 1,263 16,909 12,368

Findlay Park FDS 560 18,496 18,263

2012 2011

11. Debtors and Prepayments £ £

Grants due 876,725 262,259

Other debtors 2,055 846

Prepayment and accrued income 1,999 2,608

880,779 265,713

12. Cash and Deposits

Cash and deposits comprise the following balances: Bank Current Account 109,160 150,326

Bank Deposit Accounts 29,170 867,333

Charity Aid Foundation (CAF) 110,083 347,117

Funds held with Project Partners 232,267 49,842

Cash in hand 4,219 4,846

484,899 1,419,464

13. Creditors due within one year

Other creditors 13,834 2,775

Accruals and deferred income 83,156 23,979

96,990 26,754

14. Contingency Fund

Balance as at 1st September 2011 27,685 27,664

Add: Interest 21 21

Less: Pension paid - -

Balance as at 31st August 2012 27,706 27,685




Contingency Fund (continued) 2012

£

2011

£

Held as follows:

CAF Gold 73,392 118,017

Due to General Fund (45,686) (90,332)

27,706 27,685

14.

15. Restricted Funds

Balance

1st Sept 2011

£

Movement in

Incoming

£

Resources

Outgoing

£

Balance

31st Aug 2012

£

AET Small Grants

4,514

2,475

(3,542)

3,447

AET South Sudan 6,116 - (899) 5,217

AGES 3,176 - (1,349) 1,827

Beaumont Scholarship 113 1,913 (2,026) -

B W Andrzejewski 4,676 4,330 (4,301) 4,705

Charities Advisory Trust (Good Gifts) 80,079 55,017 (81,422) 53,674

Colonel Johnson Educational Trust for Swaziland 216,181 15,789 (38,968) 193,002

DARET (Banyan) 8,287 - (8,287) -

DFID FACSS - 481,655 (481,655) -

DST South Sudan 37,865 13 - 37,878

EC CED - 166,275 (64,424) 101,851

EC SAPIS 349,026 1,051,280 (1,384,495) 15,811

FABE 1,235 - (1,235) -

GOSS Ministry of Regional Co-operation Special Project 92,204 467,242 (201,468) 357,978

ICDSEA 84,831 154,037 (237,003) 1,865

Kenneth Kirkwood Memorial Fund 9,001 4,639 (1,709) 11,931

Leigh Day 115 27,629 (26,880) 864

Ministry of Petroleum 210,313 - (69,792) 140,521

Mobile Science (Waterloo) 42,749 - (7,303) 35,446

MTE (LABE) 1,796 258,140 (255,008) 4,928

Norway South Sudan Training 145,970 26 (145,996) -

PEF - 57,446 (45,439) 12,007

Peter Holliday Scholarship 5,525 - (1,542) 3,983

Primary School Mothers 16,633 21,000 (33,613) 4,020

QISE 7,088 107,681 (24,199) 90,570

Secondary School Mothers 933 25,000 (20,903) 5,030

SEEDS 99 375,136 (375,235) -

SNEP - 117,052 (32,895) 84,157

South Sudan IT and Computer Training - 2,500 (2,500) -

Speak Up 154,822 303,287 (320,879) 137,230

SVE 17,344 160,305 (150,298) 27,351

UCL 624 849 (418) 1,055

Uganda Project Development Grant - 7,672 (4,243) 3,429

Uganda School Libraries 194 6,279 (6,473) -

UNICEF Exam 139,387 310,095 (442,457) 7,025

University of Swansea 2,036 - (2,036) -

Women's Learning Centre - 36,217 (7,902) 28,315

Women's Training Programme 7,693 36,005 (42,353) 1,345

Zebra Trust 2,604 10,353 (10,645) 2,312

1,653,229 4,267,337 (4,541,792) 1,378,774




15. Restricted Funds (continued)

AET Small Grants

A small Grants scheme to help students from Africa who encounter financial difficulties while studying in

the UK.

AET South Sudan

A programme which provides teacher training and classroom teaching materials for primary schools in

South Sudan.

Africa Girls' Education Support (AGES)

Support for girls' education and gender activities in Africa.

Beaumont Scholarship

A private donation to cover the fees of a school girl in South Africa.

B W Andrzejewski

A fund to provide annual small grants for educational purposes for individuals or groups studying specific

subjects and from specific areas from the Horn of Africa.

Charities Advisory Trust (Good Gifts)

Money raised through the Good Gifts Catalogue and donations from Charities Advisory Trust for projects in South

Sudan and Somaliland.

Colonel Johnson Educational Trust for Swaziland

The Colonel Johnson Educational Trust for Swaziland charity was merged with the AET in August 2001.

The charity had been established by Colonel Johnson "for the benefit of Swazi children and Swazi students

(i) by way of gifts, grants or loans for school education or further or university education or (ii) for the maintenance

and education of Swazi children in orphanages and in particular orphanages dependant upon charitable organisations

and institutions (iii) generally for any educational or other charitable purpose for the benefit of Swazi children and

Swazi students resident in Swaziland or that part of Africa at present comprising Swaziland at the sole discretion of

the Trustees and in such manner as they think fit".

DARET (Banyan)

A programme to develop and pilot appropriate and relevant education and training materials for young nomadic

pastoralists in Somalia.

DFID Formal Assessment and Certification (DFID FACSS)

A programme to develop the primary and secondary education structures in Somalia and Somaliland through the

establishment of a valid and reliable examination system and curriculum development.

Development for Training and Scholarship - South Sudan (DST South Sudan )

A fund for development of a training and scholarship programme in South Sudan.

EC Empowering Participants in Community Education & Development (EC CED)

A programme to promote access to and improve quality of education in primary schools and empower communities

to participate in educational development in South Sudan.

EC Strengthening Access and Participation in Secondary Education (EC SAPIS)

A programme to increase number of Somali youth, especially girls, who have access to quality secondary education

that will equip them with a range of relevant skills.





Flexible Approaches to Basic Education (FABE)

A programme to support non-formal education for children aged 8 - 14 in nomadic / pastoralist communities.

GOSS Ministry of Regional Co-operation Special Project

A scholarship and training programme to manage university and college placement for South Sudanese students.

Integrated Capacity Development for Somali Education Administrations (ICDSEA)

A programme to develop the capacity of the Ministries of Education in Somalia to more effectively manage plan for

and deliver formal and non-formal educational services.

Kenneth Kirkwood Memorial Fund

A fund to provide small grants to enable students from Africa, particularly Southern Africa, to

complete their studies.

Leigh Day

A fund to support education for AIDs orphans in the Dol Dol area of Kenya.

Ministry of Petroleum

A training and scholarship programme to manage university and college placement for South Sudanese students.

Mobile Science (Waterloo Foundation Science Education )

A project to support an innovative approach to science education in Somalia.

Mother Tongue Education (MTE)

A programme to support the development of mother tongue education in Northern Uganda.

Norway South Sudan Training Programme

A programme which helps South Sudanese students to gain relevant educational and training qualifications.

Primary Education for Farming Communities (PEF)

A programme to provide quality education in hard-to-reach primary schools in Eastern Uganda.

Peter Holliday Memorial Scholarship Fund

A memorial scholarship programme for South Sudanese to gain higher educational qualifications in

Healthcare in East Africa.

Primary School Mothers

A programme to train local women to provide support for girls in primary schools in Uganda where there are few

or no female teachers.

Quality in Secondary Education (QISE)

A programme to develop a distance teaching approach to training secondary school teachers in South Sudan.

Secondary School Mothers

A programme to train local women to provide support for girls in secondary schools where there are few or no female

teachers.





School Environment and Education Development for Somalia (SEEDS)

Provision of support for secondary education in Somalia including in-service training of teachers and development of

teaching materials.

Somali Nomadic Education Project (SNEP)

A programme to deliver basic education and vocational skills training for children and adults in pastoralist communities .

South Sudan IT and Computer Training

A programme to support information technology and computer training in South Sudan.

Speak Up English Language for Out of School Youth (Speak Up)

A programme to provide a three way distance learning via radio, face-to-face and printed materials to enable 15,000

young people improved opportunities for employment and education.

Strengthening Village Education in South Sudan (SVE)

A project to strengthen the capacity of local communities to advocate for and help to ensure that the children in their

communities, especially girls, have access to quality primary education. The project also supports School Mothers.

University College London (UCL)

A bursary scheme for students from Africa to study at University College London.

Uganda Project Development Grant

A development grant to plan a project helping street children to access education with our partner Child Restoration

Outreach and with the district education authority

Uganda School Libraries

A project to improve access to and quality of supplementary reading materials in primary schools in Uganda through

the establishment of school libraries.

UNICEF Exam

Funding from DFID FACSS as noted above which, from February 2011, was passed through UNICEF as part of

DFID's strategic Partnership for Somalia.

University of Swansea

Research into the health education needs of young people of different ethnic backgrounds in Wales with a special

emphasis on Somali teenagers living in Wales.

Women's Learning Centre

A one-year project in South Sudan funded by the Isle of Man to provide young women who dropped out of school

the opportunity to complete secondary education.

Women's Training Programme

A capacity building programme for African women working in community organisations in London.

Zebra Trust

Small grants for disadvantaged children in schools in Africa.




16. Future Payments

The Trust's scholarships are allocated on a year by year basis. Even though a student may be on a two

or three year programme, the scholarship is guaranteed only for the first year. Future support is conditional

on both the satisfactory progress of the student and on the availability of funding. Although the Trust would

hope to be able to offer support to enable students to complete their programme the offers made are always

conditional.

17. Analysis of Net Assets between Funds

Tangible Net Current Fixed Assets Investments Assets Total

£ £ £ £

AET Small Grants - - 3,447 3,447

AET South Sudan - - 5,217 5,217

AGES - - 1,827 1,827

B W Andrzejewski - - 4,705 4,705

Charities Advisory Trust (Good Gifts) - - 53,674 53,674

Colonel Johnson Educational Trust for Swaziland - 193,002 - 193,002

DST South Sudan - - 37,878 37,878

EC CED - - 101,851 101,851

EC SAPIS - - 15,811 15,811

GOSS Ministry of Regional Co-operation Special Project - - 357,978 357,978

ICDSEA - - 1,865 1,865

Kenneth Kirkwood Memorial Fund - - 11,931 11,931

Leigh Day - - 864 864

Ministry of Petroleum - - 140,521 140,521

Mobile Science (Waterloo) - - 35,446 35,446

MTE (LABE) - - 4,928 4,928

PEF - - 12,007 12,007

Peter Holliday Scholarship - - 3,983 3,983

Primary School Mothers - - 4,020 4,020

QISE - - 90,570 90,570

Secondary School Mothers - - 5,030 5,030

SNEP - - 84,157 84,157

Speak Up - - 137,230 137,230

SVE - - 27,351 27,351

UCL - - 1,055 1,055

Uganda Project Development Grant - - 3,429 3,429

UNICEF Exam - - 7,025 7,025

Women's Learning Centre - - 28,315 28,315

Women's Training Programme - - 1,345 1,345

Zebra Trust - - 2,312 2,312

Restricted Funds - 193,002 1,185,772 1,378,774

Unrestricted Funds 11,404 54,275 82,916 148,595

Total Funds 11,404 247,277 1,268,688 1,527,369




18. Analysis of Source of funds and their application.

Unrestricted funds receivable during the year as indicated

Amount (£)

Grants and donations

Reed Elsevier

3,031

Oakdene Foundation 2,000

Others 21,761

26,792

Consultancy 31,545

58,337

Grants and donations receivable for restricted projects as indicated

Donors

Adsum Foundation

Amount (£)

25,000

Project

Secondary School Mothers

Big Lottery Fund Grant 7,672 Uganda Project Development Grant

CFBT 154,037 ICDSEA

Charities Advisory Trust 55,017 Charities Advisory Trust (Good Gifts)

City of London Women Training 36,005 Women's Training Programme

Comic Relief 303,287 Speak Up

Comic Relief 258,140 MTE (LABE)

DFID 160,305 SVE

DFID 481,655 DFID FACSS

EC 166,275 EC CED

EC 1,051,280 EC SAPIS

GOSS Ministry of Regional Co-Operation 467,242 GOSS Ministry of Regional Co-operation Special

Isle of Man 36,217 Women's Learning Centre

Leigh Day 27,629 Leigh Day

Mercy Corps / USAID 375,136 SEEDS

Monsanto Fund 57,446 PEF

The Headley Trust 21,000 Primary School Mothers

The Pharo Foundation 117,052 SNEP

UNICEF 310,095 UNICEF Exam

Zebra Trust 10,353 Zebra Trust

4,120,843 Sundry 132,407 Various

4,253,250




19. Operating lease commitment

The Trust has an annual commitment under non-cancellable operating lease as set out below:

Land and Building

Operating lease which expires:

2012 2011

£ £

Within 1 year - 27,300

Between 1 to 5 years 27,300 -

27,300 27,300

20. Related party transactions

Control

The Trust is controlled by the Trustees.

Transactions

Other than disclosed in note 8, there were no related party transactions during the year.

africa educational trust (aet) annual report...

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