OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Pharaoh’s Dream Trust

Chairman’s report

The income of the Trust in 2021-22 was swelled substantially by tax recovery on past donations, leading to an exceptional surplus for the year, of more than £33,000. This has allowed other appeals to be considered for support by the trustees. In addition to the £7,500 donated to the Afghanistan and Central Asian Association in September 2021, a further £5,000 was donated to Tear Fund’s Pakistan floods appeal in September 2022.

Our primary commitment has remained the primary school (Kids of Promise Academy) in the slums of Nairobi run by Pastor William Ademba and his wife Millicent. Last year, the Trust helped to fund an expansion of the premises, adding two more classrooms. The school has continued to flourish and now has approximately 200 pupils spread across 5 year groups. It has a waiting list of around 50 pupils. We are relieved to hear that last summer’s national elections did not cause much of a disruption to the school’s activities. The trustees receive regular progress reports on the school’s activities.

The Trust continues to fund a food programme in Kahawa West, helping to ensure a steady supply of nutrition to this impoverished community. Over the past year, food prices have escalated in Kenya, as elsewhere, and increased funds have been provided.

In April 2021, the Trust made its final payment to the Cain family.

Peter Warburton

27 January 2023

----- Start of picture text -----
PHARAOH'S DREAM TRUST
Accounts for the period 1 April 2021 to 31 March 2022
INCOME EXPENDITURE
Donations £27,750 Grants
Commonwealth Covenant Church, Kenya - subsistence (feeding programme) £8,000
Tax recovered on past donations £55,150 Commonwealth Covenant Church, Kenya - primary school running costs £28,900
Commonwealth Covenant Church, Kenya - primary school ca pital items £2,500
The Afghanistan & Central Asian Association £7,500
Cain famil y £2,000
Total grants £48,900
Bank charges £180
Accounts examiner's fees £0
Operating surplus £33,820
Totals £82,900 Totals £82,900
BALANCE SHEET
Opening balance as at 1 April 2021 £512
plus operating surplus for 2021-22 £33,820
Closing balance as at 31 March 2022 £34,332
----- End of picture text -----

Independent Examiner's Report to the trustees of the Pharaoh's Dream Trust (1059605)

I report on the accounts for the year ended 31[st] March 2022.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below'.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Jamie Spears FMAAT