PETER COWLEY AFRICA TRUST Rewtered Charity No 1037257 ANNUAL REPORT FOR THE YEAR EI¥DING 31ST DECEMBER 2023 OBJECTIVES To hold and invest the capital of the trust and apply its income in temis of grants for, or towards projects &5SiSting Kenyan youth in: a) Promotion of educatiotl b) Relief of suffering, hardship. or disease. c) Advancement of the Christian religio PRINCIPLES The Trustees have applied the following criteria when deciding upon grant applications: a) The 'Peter Fa￿or,. I￿￿ether the pU￿0$e of the ty would have been consistent with Peter's outlook on life. b) The benefit to young people. ) The contribution towar&g developing education and underSt￿￿[ng. d) Cross-cultural aspects in encouraging mutual understanding. e) Local development geared in a cost-effective way of improving opportunities and raising standards in Keny& fj The encouragement of Christian unity. The Trust operates in Kenya principally through 4 partners- ￿Jarallge Area Project of Kenya (NAPKEWYA). Machakos C￿Opera[1ve Union (MCU), Little Sisters of St Francis and MOKO Savings and Co-operative Society (MOKO SACCO). NAPKENYA is an NGO operating in the Mbeere district of Eastern Keny& MCU is a cfroperative oEmting in the Machakos and Maku¢ni counties of Southern Keny& Lit(le Sisters of St Frdncis is a Catholic welfare organization based in Kasarani on the outskirts of Nairobi. MOKO SACCO is a savings scheme •• for women producers set up by MCU. One of the strengths of the T￿￿t is the close relationship wkiii uirir i ruSL Pdfliirri. U FU14D TOTAL INCOME CARRIED FORWARD MAKtrrANO FUP4T> 421&14 1172171 31.11185 27.759J) BALANCE SHEET AS AT 31112ll3 LONG TERM ASSM: 482.67&24 489,495S8 LOAP4S TOTAL LONC TERM ASSETS Sn,07￿4 51449 DEBTOI S419.02 27.73&10 52J37.19 57.979S3 157. I,12￿02 1.13022 SA859Si 3402&90 TOTAL NET ASSETS P£PH£SENfED BY: CAPTfAL FUND ll¥COME FUND 531421*) $1&76198 3J.IlUS 27.759.90 564535.75 yA52188 NOTES TO THE Accol[￿rS DONATI GIFfAID IX)NATIOIITS RECEIVED GROSS OF TLX CREDn& ORGANL8ATIONS IN TO FUND INDIVIDUAL PROJEcr&. AI TO MOKO SAVLYGS AND cl￿PERATIvE socirrYTO FUND A &4VINGS SCKEME PROVll)ING ICROFINANCE ANDALSO FOOD REUEF FOR SEVERAL WOMEN￿ CROUPS Ili THE MACHAKOS B) TO MCU FOR DEVELOPM￿ OF A DISPEI¥SARY ANDOF A TrEE NUBSERY. PRODUCT DEVELOPhfEKf AND FOOD IiEUEF IN THE MACHAKOS DLSTRICT OFSOUIHERN Q TO NAPkTNYA FOR WATER TANKS FOR SCHOOLS ANDCIIURCHESAND FOR FOOD RELIEF TEIE MBEERE D1SfRI￿ OF L4sfERN KENY D) TOLifTLE sisrw OF ST Fk4NasFoR BUIL$AR￿ FOR NVRSLNG Af4D CATERING cDifsL8£ STUDENfs AND AN OVEN FOR BAKJ24G BRL4D IN A WOME￿$ GROVPON THE OUISKIRTS OF NAIROBL ALSO FuTrfDJNG &4S BEEN MADE AVAILABLE TO THE FOLLOWING: A) TO ANNE'S SCHOOL FOR sfuDEFfl BtIRSARtES AND PROVIDll4G EQUIPMENr. B) TO JO￿N AND MARTE4 MATUOTA FOR FAMILY REUEF Af4D SUPPORT THE MBEERE DISTRtCT OF EASTEIUI KENY Q TO IUAMUYA SECONDARY SCHOOL TO PURCHASE Compur wrrH THE ￿1AKLTA￿O FtIND, EXPENDITURE BAS BEEN MADE TO PROVIDE BUL$AR￿ FOR JJDIVIDUAL NEEDY CHILDRLW AT mAK[￿AN0 CHtLDREWS HOME IN RESPEcf OF SCHOOL FEE& VALUE AS AT 31112ll3 WHIC& ARE IISTED BELOW: NAME VALIJE CIF Om5% TREAsifRY GREEN GILT-ckprrAL 31n133 O.S75% TREASURY GREEN GiLT.Ir(rEREST31nts3 2tsV• TRL4SiIRY sfocK-cApfrAL 1714r24 2sil/ts TREASURY $rQKK.￿EREgf 171JW24 0.125°h TREAStJRY sfocK. CAP￿AL 22r3n6 18872 0.7830S18 14Tn.751 / 692 JO28&33 117.6 lo￿101 / 1114932 7A32 1.4sn6371 .125% TREASURY ￿OcK. CAP￿AL 22tsn9 IAS94151 9,671S9 - 41 15m3SO &763.09 17.130. 9,1￿.i￿) 1&7XOO 7.71KOO 4314.1)0 21JOO.(• ST1&73 AEGON ASSET.WAGEMENT UK RATBBOryE ASSErn Page nbm. I report to the trustees on my examination of the accounts of the above charity {Ihe Trusf) for the year ended 3111212023. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 {°the Acr). I report in respect of my examinatlon 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 Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have corne to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records I have no cOn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent examIne￿S ststement Signed: Date: 24Tr1 JUNE 2024 Name: TIM CROSS Relevant professional qualification(s) or body (if any): MEMBER IN PRACTICE OF THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS Address: 55 WOODLANDS WAY TARPORLEY CHESHIRE CW6 OTP IER October 2018 Section B Disclosure Only complete rf the examiner needs to highlight rnatters of con￿rn (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018