PETER COWLEY AFRICA TRUST R¢gistered Charity No 1037257 ANNUAL REPORT FOR THE YEAR ENDING 31ST DECEMBER 2024 OBJECTIVES To hold and invest the capital of the trust and apply its income in tenns of grants for, or towards projects assisting Kenyan youth in: a) Promotion of education. b) Relief of suffering, hardship, or diseasc. c) Advancement of the Christian religion. PRINCIPLES The Trustees have applied the following criteria when deciding upon ant applications: a) The 'Peter Factor,. Whether the purpose of the ant would have been consistent with Peter's oUt1k on life. b) The benefit to young people. c) The contribution towards developing education and understanding. d) Cross-cultural aspects in encouraging mutual understanding. e) Local development geared in a cost-effective way of improving opportunities and raising standards in Kenya. D The encouragement of Christian unity. The Trust operates in Kenya principally through 4 partners- Njarange Area Pmject of Kenya (NAPKENYA), Machakos Co-operative Union (MCU), Little Sisters of St Francis and MOKO Savings and Co-operative Society (MOKO SACCO). NAPIQENYA is an NGO operating in the Mbeere district of Eastern Kenya. MCU is a co-operative operating in the Machakos and Makueni counties of Southern Kenya. Little Sisters of St Francis is a Catholic welfare organization b&sed in K&8arani on the outskirts of Nairobi. MOKO SACCO is a savings scheme for women producers set up by MCU. One of the strengths of the Trust is the close relationship with their Trust partners, and the accounlability provided by them to the Trustees on the projects they are carrying out from the funds provided by the Trust. The Trust also supplies smaii grants to 2 schools- Kegonge and Kiamuya Secondary Schools in Centrdl Kenya. They will frdm time to time will fund other activities.
In March 2024, the Tte¢S decided the annual allocations applied lo projects woub>bRibÉ.SOne as in 2023, which are as follows.. a) For NAPKENYA projects, £7,500. b) For MCU projects £ l 0,000. c) For Little Sisters of St Francis projects £4,000. d) For MOKO SACCO £1 0,000. d) b'or Kegonge and Kiamuya Schools, £750 to each. These allocations however can be increased. Also payments to other bodies can be made by extra donations given to the Trust or other income generated by the Trust. The Trust h&8 also 2 other fijnds operating under its auspices: Projcct Riandu. Used to fund the building and equipping of St Mary Magdalene's School for the Deaf at Riandu near Siakago. Makutano Children's Home. Used to provide bursaries for individual nccdy children at the Makutano Orph(age, which 15 based in Central Kcny& The investment policy of the Trust is both to maiTrtain the real value of the fund and to provide an income for the types of projects as indicated. The assets invested arc subject to ihe ethical Criteria &s specified by the Trustees. In particular, investments are avoided, which are involved in annaments, nuclear processing, oppressive regimes, environmental damage, exploitative employment practices or the production of pOrnophY. CURRENT ACTIVITIES The Trustees met in person 3 times during the year to analyse the.Trust's finances and investments, discuss the Trust's policies and approve ants. Long strategy will be dealt with in the I" meeting of 2025. There was also a meeting in person with the Chairnian of NAPKENYA. The following rol¢s had previously been assigned to the Trustees. Michael Cowley Invesiments and Makutano Relationship. Andrew Cowley Sccrctary and Trcasurer. Malcolm Macnaughton Networking and Kcgonge. David Eldridge Partncrships and Websitc. Alison Mbugua Research and Partner Relationships (Napkenya). Margaret Pedder Policies, Safeguarding and Risk Managemcnt. Louise Eldridge Ethical Investments and R¢searctdStr<lte. l.he .1 rustees aanged the following grants to be Tnade during 2024 to the following- MOKO SACCO. £30,000 has been used to fund the following for Women's Group in the Machakos and Makueni counties of Southern K¢nya: a) £15,000 to the Savings Scheme to facilitate the purchase of water tanks, solar energy, cooking stoves, tents, chairs and cooking stove5 and pots, and solar lamps benefitting over 3,000 households. b) £13,000 for Training, Strategic Planning and Business Development. c) £2,000 for Tree Planting.
NAPKENY A. £17,894.25 has been used to fund the following in the Mbeere distrlct of Eastern Kenya: a) £1 0,000 for ComEnunity Water Piping at Ngoce benefitting 9 villages and 487 homes. b) £4,666 for building 2 classrooms at Kierangi Primary School. c) £1,667 for Water Storage Tanks for 4 villages. d) £1,000 for Flood Relief. e) £561.25 for Tree Planting. MCU. £13041.55 has been used to fvnd the following in the Machakos and Makucni counties of Southern Kenya: a) £5,047.55 for Tree Nursery and Tree Planting. (£1482.60 is202S all(%&tw. ) b) £2,940.00 for Water Pans. c) £1,540.00 for Product Development. d) £1.470.00 for thc Mathima Dispensary. e) £1.050.00 for Bee Keeping. £994.00 for Flood Relief. (2025 allocation) Little Sisters of St Francis. £8,300.00 has been used to fund the following to the Joy Women's Group in Kasarani on the outskirts of Nairobi. a) £5,000 for Tuition fees for 5-6 students to continue their study at the St Francis School of Nursing. (£3,000 is 2025 all(Kation) b) £2,400 for a Catering Course for 2 students for l year. (£1,000 is 2025 allocation) c) £600 for Guttering for Water Tanks d) £300 for a Sewing Machine. (2025 allocation) Johnson and Martha Mutuota. £4,075.00 was given for relief and support to needy families in Mbeere Diocese where they are vicars {financed by extra donations). St Andrew's Church, Kiametho. £1,750.00 w&8 given for the installation of windows (financed by extra donations). Kiamuya Secondary School. £1,700.00 has been used to purchase Computer Equipment, and for essay prizes for the school, which is located in Central Kenya. (£850 is 2025 allocation) St Anne's School. £1,375.00 has been used to nd the school, which is located at Mwala in Southern Kenya for bursaries for 5 students (fInand by extra donations). Bursary Support. £620.00 has been used to support Wincate's education. (financed by extra donations). Kegonge Secondary School. No money has been given to them this year. Riandu Secondary School for the Deaf. No money has been given to them this year. Makutano Children's Home. £6,100 has been used to provide bursaries for individual needy children in respect of school fees (financed by specific donations). The restrict¢d funding streams in 2024 were donations to Riandu, Makutano, Johnson and Martha Mutuot4 St Andrew's Church, Kiametho, Si Anne's School and Wincate.
In 2024 it had been agreed by the Trustees to transfer an extra £20,000 in addition to the £1 0,000 annually transferred from the Capital Account to the Income Account since 2021 in order to provide extra funds for the increased Charitable Expenditure, some of which were brought forward from 2025. It is expected further cash injections to Ix)th the Income and Capital Accounts of the Trust will be made in 2025. FUTURE PLANS The Trustees have the following objectives in mind for the Charity for the future: a) To continue and strengthen the good relationship built up with the 4 Trnsr partner&in Kenya- NAPKENYA, MCU, Little Sisters of St Francis and MOKO SACCO and so develop.the. financial support of their work even further. b) To continue to support the 2 Secondary Schools being directly funded- Kegonge, Kiamuya. c) To increase the income of the Tnjst for charitable purposes. d) To work effectively with other charities, where possible. ¢) To facilitatc the financing of the 2 separate funds operating under PCAT'S auspices- E¥oject Riandu and Makutano Children's Home as well as other restricted funding schemes. D To continue to encourage the input of a younger generation into the running of the Trust. g) To continue to visit Kenya every 3-5 Ye5, when possible. h) To continue to set out a long-term strategy for the next 3-5 years. i) To continue to review policy documents on Financial Controls, Investment Principles, Data Protection, Safeguarding and the Risk Register, and to develop further policy documents. PUBLIC IIYTEREST STATEMENT By carrying out objectives and principles of the TrusL the Trustees can clearly demonstrate that it is run for the public benefit. Grants are provided to finance water, agriculture, educational, health and micro-finance projects that benefit whole communities in the districts of Kenya as previously specified in the Report. LEGAL AND ADMINISTRATIVE INFORMATION CHARITY REGISTRATIONNO: 1037257 GOVERNING INSTRUMENr: TRUST DEED NAMES OF TRUSTEES: MR M.L. COWLEY MR A.P. COWLEY BISHOP W.M.MACNAUGHTON MR D.A. ELDRIDGE MRS A.M. MBUGUA MRS M.A PEDDER MISS F.L. ELDRIDGE NAME AND ADDRESS OF HONORARY CORRESPONDENT: MR A.P. COWLEY
73 WELBECK ROAD SHEFFIELD S6 SAY NAMES AND ADDRESSFS OF BANKERS: CAF BANK LTD 25 KINGS HILL AVENUE KtNGS HILL, WEST MALLING, KENT. ME19 4JQ. NAME AND ADDRESS OF STOCKBROKER: RATHBONES, PORT OF LIVERPOOL BUILDFNG PIER HEAD, LIVERPOOL. L3 INW. NAME AND ADDRESS INDEPFNDEwf EXAMtNER: MR T.D. CROSS PHOFNIX ACCOUNTS 55 WOODI.,ANDS WAY POR'I"AL PARK TARPORLEY CHESHIRE. CW6 OTP
PETER COWLEY AFRICA TRUST INCOME AND EXPENDrtURE ACCOUNT FOR YLAR FNDING 3111212& MAIN FUND 2024 2023 NOTE IP4VESTMEJYT INCOME: INfEREST RECEIVED ,SIY27 IOJ58.64 1,424.46 10,666.67 DIVIDENDS RECEIVED TOTAL INV&STMEKf INCOME 11077SI 12,091.13 DONATIONS: CIFt AIDED DONATIONS OTIIER DONATIffiS 16.1116.25 2.67&16 23,186.70 so46.0 TOTAL DOP4ATIONS 18.782.41 28232.70 TOTAL INCOME 30,%60J2 40J23.83 LE$ EXPENDITURE: CHARITABT.F. F.XPFNDrriiRE MAtN FUND: MOKOISACCO NAPKENYA Mcu ,oooA 17094.25 13,041S5 8JIMI.IMI 4,075.INI J,750.IMI 1,7110.110 lJ7&11 620.110 12.000.IKI 8JlJO.00 11,735.25 4ffj110.1)O 1ffj56Jl .00 85D.IJO 6.218.75 350.110 LIThLE SISTERS OF ST FRANCIS FAMILY SIIPPORT ST ANDREWS KIAMETHO KIAMUYA SEcof4DARY SCHOOL ST ANNE'S SCHOOL BURSARY SUPPORT TOTAL CHARITABLE EXPENDITURE 78.75&80 45,71OJI ADMINISTRATIVE EXPENDITURE: IL4THIIONF.S MANAGF.MLNT LHARGES BANK ADMINISTIL4TION CHARGES 3J4&16 49&75 216.110 00 3JSIJ4 313.00 21&1JO iis.os INDEPENDENT EXAMINATION FEE WEBSITE cosrs TOTAL ADMtNISTRATtVF. F.XPF.NDrfuRF. 4J54SI 195J9 I'OTAL EXPENDrruRE .010.71 49905.7 NET INCOME FOR THE YEAR -511SllJg -9J81.87 INCOME FUND BROUGHT FORWARD 122411.18 9022.05 TRAIYSFER FROM CAPITAL ACCOiINT 34.000.00 INCOME FUND CARRIED FORWARD -5,910.21 12340.18
INCOME AND EXPEN ACCOUNT FOR YEAR ENDING 31112124- RIANDU FUND 2024 2023 INTEREST RECEIYEJJ DONATIONS: GIFf AIDF,D DOIYATIONS OTFIER DONATIONS 14.48 12.70 4.$0.110 4511.110 2J92.09 161.77 TOTAI. INC.OME 62625 2J1.79 LESS EXPENDITURE: RIANDU SCHOOL BANK ADMIP41STRATION CHARGES 60.IMI 61b.110 TOTAL EXPENDITURE 60.110 6D.O NET FPR THE YEAR 2,794.79 Ir%col FUND BROUGHT FORWARD 7JH19.93 4215.J4 INCOME FUND CARRIED FORWAR 7J76.18 7009.93 INCOME AND EXPEIYDITURE ACCOUIYT FOR YLAR ENDING 31112124 MAKUTANO FUND 21124 2023 IIUEREST RECEIVF.D GIFT AIDED DONA'I'IONS 21.75 3 J50.00 4.175.00 TOTAL INCOME 3 J71.7 4,200.03 LE&S EXPENDITURE: MAKUI'ANO ORPHANAGE BURSARIES BANK ADMINISTRATION CHARGES 6.101I.IMI 135.OD 5.91MI.00 160.00 TOTAL EXPENDITURE 6,23S.OD 6.0611.00 NET INCOME FOR THE YEAR -2.8632S -1&$9.97 tNCOME TrIIND BROUGHT FORWARD I lJ62.74 13.722.71 INCOME FCIND CARRIED FORWARD 8.999.49 l lJ62.74 INCOME FUND SUMMARY FOR YEAR ENDING 31112124 2023 2023 I'OTAL INCOME CARRIED FORW.4RD MAIN FUND TOTAL INCOME CARRIED FORWARD PROJEcf RIANDU FUND TOTAL INCOME CARRIED FORWARD MAKufANO FiD -5,910.21 7J76.18 8,999.49 12340.ltl 7,0119,93 11162.74 TOTAL INCOME CARRIED FORWARD TO BALAf4CE SHEET 10,665A6 31,112A5
BALANCE SHEFT 1112124 2024 2023 NOTE LONG TERM ASSETS: INVESTMENTS LOANS 451 JS0.94 2S,IMIO.110 482.676.24 25.000.IKI T(UAL LVNG TERM ASSETS 476J50S4 507,676.24 CURREpft ASSETS: DEBTORS CASH BALANCES 3,981.2S 23,214.67 5,642.34 52J3Y,1g TOTAL CURRENT ASSETS 27,195.92 57.979.$3 LESS CREDITORS 1.073J2 1,120.112 NF,T CURRE.NT ASSETS 26,122.60 859.51 TOTAL[EASSETs 502,673.54 564,$3S.7S REPRESENTED BY: CAPI'I'AL FUND INCOME FUND io 49101b8.08 10.665.46 533,422.90 31,112x5 TOTAL FIIND 5D2,673.54 564535.75
OTES TO TH ACCOUNTS r4VESTM -YT INCOME ) INFEREST RECEJVED FRO.M TREASIIRY STOCK AND CASH HELD BY KATHBONES. CAFCASH IfiTÈREST AND HMRC INTEREST. bl DIVIDENDS IIECEIVED GROSS FROM SHARES HELD B V RATTrIWNES. DONATIONS GI&-I' AID DONATIONS RLCEIVTr.D GROSS 0 TAX CRTr:Di'rs. EXPEfiDJTURE WITIITW VIIN FIYND, ACTtIAJ F,XPENDITURF. HAS IIF.F.N MAINLY MADE THROUGH 4 TRUST PARTNER ORGANIY'I'PPIS IN KENYA'IO FIIND INDIVIDIIAL PROJF.CTS.. A) TO MOKO SAV]F4GS AND c{OPElL1TlVE SOCIETY TO FUND A SAVINGS SCHEME PROVIDING MICROFENAh'CE AND ALSO TO SUPPORT TRAINING AND DEVELOPMENT IN THE MACHAKOS DISTRICT OF SOUTHERTrI KENYA. Bl TO f4APKENYA FOR COMMUNrrY WATER PIPING, WATER STORAGE TANKS FOR VILIAGES. SCHOOL CLASSROOMS. TREE PLANTING AND FLOOD RELIEF IN THE MBEERE DISTIRCT OF EASTERN KENYA. CI TO MCII FOR THE DEVELOPMENT OF A TREE NURSERY, PRODUCT DEVELOPMENT. CONSTRiicfioN OF WATER PANS. THE DEVELOIPMENT OF A DISPENSARY, BEE KEEPING AND FLOOD RELIEF IN THE 4LHAKOS D15'1'RIL-I' UTr. SOU'I'HERN KENY D) TO LirrLE SISTERS OF ST FIL4NCIS FOR BIIRSARIES FOR NIIILSINC. AND CATERINC COURSE STUDETrtrs AND GufrERINC FOR TANKS FOR A WOMEf4'S GROUP ON 'I'HTr' OU'I'SKIK'I'S OF P4AIROBI. AISO Ftll¥DJNC HAS BF.EN MADE AVAIIABLE TO THE FOLLOWING: A)'I'O JOHNSOJY AND MARTHA MATUO'I"A FOR FAMILY REI.IF.F APID SCJPPORT IN TIIE MBEERE Dltri'l'RILT OF EASTERN KLLYYA. B} TO Sf ANDREWS CHURCH KIAMETHO FOR THE INSTALLATION OF WINDOWS CTr TO KIAMUYA SECONDARY SCHOOL TO PURCHASE COMPUTERS. DI TO ANNE'S SCHOOL FOR STUDE]YT BURSARIES. EI TO WINCATE FOR BURSARY SUPPORT WITH THE MAKUTAliO FUND, EXPENDITURE ILIS BEEN MADE TO PROVIDE BIIRSARIES FOR INDIVIDUAL NEEDY CHILDREN AT MAKUTANO CHILDREN'S HOME IN RESPEcf OF SCHOOL FEES. 4 INCOME FIJND FOR MAIN ACCOIJNT THE NEGATIVE BALAfyCE OF £5910.21 IS MAINLY DUF.'IO A I,ARGE INCREASE IN SUPPORT GIVEN TO MOKO/SACCO AS DETAILED IN 3} PLIIS EXTRA FUTrIDING FOR f*APIÉENY.4, MCU Apib L¥FTLE SISTERS OF ST FRANCIS PLUSA LOWER LEVEL OF DONATIONS. THIS RESULT OCCURRF,D DF.SPITF. AN EXTRA £20JXIO BEING TRANSFERRED TO TIIE INCOME FROM THE LAPI'fAL ACCOUNT. BUT THIS WII.I. RF. RECOLIPLD BY AN EXPECTED SIGliIFICANf INJECTION OF CèKSH INtO THL I0£ ACCOiJNT IN 2024.
INVESTMEwrs THE INVESTMENTS OF THE TRUST ARE HELD BY RATHBONFS AND ARE BASED ON THEIR MARItsT VALUE AS AT 31112124 WHICH ARE LISTED BELOW: NAME UANfiTY PRICE VALU J75Y• TREASbliY GREEY GILT-CAPITAL 31n133 IIA75Q/• TREASiIRY GREEN GILT.JNTEREST 31nn3 0.125•/o TREASURY STOCK- CAPITAL 2213r26 0.1250/0 TREASURY STOCK- INTEREST 2213n6 0.125tsA TREASURY STOCK- CAPITAL 2213129 0.125fy/• TREASIIRY STOCK- twrEREST 2213ll9 .4EGON ASSET MANAGEMENT UK IL4THBof4E ASSET TRUST MGMT HALMA PLC RENISHAW PLC BELLWAY PLC SMfrH AND NEPHEW PLC ASTRAZENECA PLC GSK PLC VODAFONE GROUP PLC SPllUX &8E PLC LLOYDS BANKING GROUP PLC PRUDENTIAL P JUPITER PLC M&G PLC RTW BIOTECH OPPS CT UK ICVCV JANUS HENDERSOP* INVESTMENTS BROWN ADVISORY FUNDS EDEIYTREE INV MGMT ROCHE HOLDINGS AG VESTAS WTh'D SYSTEMS IMPAX Ftff4DS {IREI PLC FIRST SETr¥fiER INVESTORS (UK) ABERDEEN OEIC I IMPAX EIYVIRONMENTAL MKTS PLC KBI ASSET MG&irr RATHBONE ASSET.MGTr FORESIGHT SOLAR Fuf4D LTD 18872 .744612 14,052.32 68.68 11,193.29 3.71 7,432 1.511611937 6,023 1.61460671 9,724.78 322 1S,783.25 8,770.01 20,167_5 10,155.OQ 7A76.0 3,965.60 20,936.011 4,901.26 3J52.85 4,867.05 12.832.(10 5A78.00 2,866.50 2,601.00 5,460.66 17JO 9182 750 31KI 300 4110 .9019 0.8875 26.89 33.85 24.92 9.914 200 I04.68 lJ.465 0.683 6855 16.04 OJ478 6J7 67 1.9785 USD IJ95 I68 lJ87 71 81XI 45 3,000 2,760 3,658 88110 7268 lJ19 5,IMIiI 15,691.20 IlJ34J2 37279.00 17J30.IMI 6,753.00 2,175.0 4,612.21 14I8S.50 15J13.73 38JOO.00 27h72.60 14,002.00 i iJso.00 174121.13 7,078.50 15J12.60 USD 30.94 3A66 SWF 255.50 DKK 98.08 2011 2239 3J(KJ 5,1191 4.253 3.IM18 3.85 46.121 1.41102 6(Kl 10000 15,000 13J29 8.2SO 16213 0.77 1.277 55 GREENCOAT UKWIND PLC RENEWABLES II¥FRASTRUCTURE GRP RATHBONE ASSET MGMT 0.9568 TOTAL STOCKS AND SIL4RES CASH 42Sffj44.4S 25.906.49 TOTAL fNVESTMETr 4$1,550.94 THE TRUST A&SETS ARE SuECT TO THE ETHICAL CRITERtA SPECIFIED BY THE TRUSTEE& IN PARTICULAIi INVESTMENTS ARE AVOIDED WHICH ARE INCLUDED IN ARmAME1rs, NUCLEAR PROCESSING, OPPRESSIVE REGI,ME& ENVIRONMENtAL DAMAG& EXPLOITATIVE EMPLOYMENT PRAcficES OR THE PRODUCTION OF PORNOG114PHY.
I.OANS 5 LOANS Oto £5,000 IUISED BETWEEN 2017 AND 2019 TO FUND A SATrINGS SCHEME FOR WOMEN PRODUCERS IMPLEMENTED BY MOKO SAVlf*GS AND CO-OPEILITIVE SOCIETY CHANNELLED THROUGH MCU. THE TRUSTEES AGREED FROM 2020 TO TREAT THESE PAYMENTS AS CHARITABLE EXPENDITURE. 7 DEBTORS Giwf AID TAX RELIEF CLAIMED MAIN ACCOUNT 2024 GIFf AID TAX RELIEF CLAIMED RIANDU 2024 GIFf AID TAX RELIEF CLAIMED MAKirrANO 2024 3321.25 90.0 670.1)0 TOTAL 3,981.1 CASH CASH BALANC.'k CONSIS'IS OF THF. bM)I,I.OWING fATrf.ASH ACCOUNTS: MAIN ACCOUNT RtANDU MAKUTANO 7J(19.01 7576.17 8J29.49 TOTAL 23314.67 LREDiro IL4TIIBONES MANAC.EMENf CHARC.ES iiion4 TO 31112124 ACCRUAL FOR INDEPENDENT EXAMINATION FEE 857J2 216.00 TOTAL 1,073J2 10 TOTAL FUND THE CAPITAL FUND IS INVESTED: TO PROVll>E AN INCOML bOR THE TRUST. bl I'O MAIP4'1'AIN I'HE RLAL VALUE OTr I'HL FVIYD. cl IN LINE WITH THE ETHICAL CRrrERIA AS iAID DOWN BY'I'HL'I'KUSI'LFS. DURING THE YEAR TO 31112124 TIIE CAprrAL FUND HAS DECREASED BY Ill7. COMPARED TO A 183Q/• INCREASE IN THK YEAR TO 31112r23. TRANSFER TO INCOME ACCOUNT COMPIUSES £IIIJIOO AGRLED BY THE TRIISTL Tr.S ANP4UAI.LY, ANOTHER £20,1)nO TrOK 21)24 Tn FUND EXTRA SPENDING AND £411(MJ BEING 5 YEAR TRANSFERS AS A RESULT OF 2 TRUSTEES INTRODUCTION OV CAPITAL OF £IOJ>OO EACH BALANCE AS AT 111124 CAPtrAL INfRODUCED 2024 LE&S TRANSFER TO INCOME AccouKf 2024 C.API'I'AL LOSS 111124,10 31112124 s4219 o.oo -34000.00 -7.4182 BALANCF, AS AT 31112n4 492JKKD8 THE INCOME F[ID IS USED TO FINANCE PROJECTS FOR THE TRUST AS DEtsIGf4ATED BY'fHE"fRUST. IN GENEIL4L. PROJEcfs SIIOULD NOT BE FINANCED OUT OF cAPAL. DIIRif4G THL YEAR TO 31n2n4 THE FUND HAS GENERATED AN INVESTMENT tNCOME RETURN OF 1311 V• NET OF MANAGEMENT CHARGES, COMPARED TO 1.57Yo DURING THE YEAR TO 31112123.
11 RESTRICTED FUNDING THERE WERE 6 RESTRICTED FUNDING STREAMS IN 2024, 2 OF WHICH WERE RLINDU AND MAKUTANO. 'I'HESL ARL SLPAKA'I'LLY ACCOUN'I'ED 0 IN'I'HL INCOME ACCOUNTS. THE OTHERS ARE JOHNSON AND MAK"fHA Mtri"Ii(Yl'A WHO ARb' VICARS IN MIIEERE DIOCESE SUPPORTING NEEDY FAMILIES" ST ANNE'S SCHOOL BURSARIE5, MWALA WHJCH IS MAINI.Y VAID I'IIROiIGII MCU- ST ANDREWS CHURCH. KIAMETHO FOR THE INSTALLATION OF WINDOWS; AI¥D WINCATE WHO IS SUPPORTED IN HER EDUCATION, WHICH IS PAID THROUGH NAPKENYA. JOHNSON Af4D MARTHA MUTUOTA BALANCE 111124 DONATIONS CHARITABLE EXPENDITURE BANK CHARGES -125.75 -75.110 BALANCE AS AT 31112r24 99.25 ST ANNE'S SCHOOL DONATIONS CRL4RITABLE EXPENDITURE IJ75.IKI -lJ75.110 BALANCE AS AT 31112n4 ST ANDREWS IUAMETHO DONATIONS CHARITABLE EXPENDITURE BANK CHARCES BALANC.E CONSOLIDATED INTO'fHE ACCOUNT 1.7511.00 ,7.SlJ.00 -25.00 25.00 BALANCE AS AT 31112124 .00 WINCATE DONATIONS CHARITABLE EXPENDITURE 775JMI 20.0 BALANCE AS AT 31112ll4 155.011
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustses PETER COWLEY AFRICA TRUST On accounts forthe year ended 31ST DECEMBER 2024 Charity no (if any) 1037257 Set out on pages 1T07 I report to the trustees on my examination of the accounts of the above charity (°the Trust'} for the year ended 3111212024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan wilh the requirements of the Charities Act 2011 (°the ACV). I report in respect of my examination of the Trusfs accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent rfhe charity's gross income exceeded £250,000 and l am qualified to examinerfs statement undertake the examination by being a qualified member of [insert name of applicable listed body1]. Delete [ ] if not applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records," or the accounts did not comply with the applicable requirements conmIng the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ttrue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackels rf they do not apply. Signed: Date: 27- JUNE 2025 Name: TIM CROSS Relevant professional qualmcation(s) or body MEMBER IN PRACTICE OF THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS IER Oct 2018
(if any): Address: 55 WOODLANDS WAY TARPORLEY CHESHIRE CW6 OTP Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brlef detalls of any items that the examiner wishes to disclose. IER Oct 2018