Pharaoh's Dream Trust Chaimian's report The Trust started the year with an unusually large surplus- more than £33,(KJO- and most of this Wa5 disbursed by end-march 2023. In September 2022, the trustees agreed a donation of £5,000 to Tear fund's Pakistan flood appeal and in February 2023. a further £5,OW towards Tear fund's Turkev earthquake appeal. Our primary commitment has remained the primary school IKids of Promise Academy) in the slum5 of Nairobi run by Pastor William Ademba and his wife Millicent. The key challenge5 in the 2022-23 financial year were the dramatic increase in the cost of utilities ar¢d consumables in conjunction with a further expansion of school capacity to 270 children. The accounts reflect the capital costs associated with the additional two classrooms that were constructed. In August 2023, the trustees agreed to underwrite the deposit towards the purchase of adjacent land (measuring 40 feet by 80 feet) to accommodate the school's expansion. The trustees receive regular progress reports on the school's artivities. The school held its 8, annual graduation ceremony on 24 October 2023. Alongside the funding for the primary school, 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. Peter Warburton 27 January 2024
000 00 00 L) (> u u ou E E E
Pharaoh's Dream Trust Chaimian's report The Trust started the year with an unusually large surplus- more than £33,(KJO- and most of this Wa5 disbursed by end-march 2023. In September 2022, the trustees agreed a donation of £5,000 to Tear fund's Pakistan flood appeal and in February 2023. a further £5,OW towards Tear fund's Turkev earthquake appeal. Our primary commitment has remained the primary school IKids of Promise Academy) in the slum5 of Nairobi run by Pastor William Ademba and his wife Millicent. The key challenge5 in the 2022-23 financial year were the dramatic increase in the cost of utilities ar¢d consumables in conjunction with a further expansion of school capacity to 270 children. The accounts reflect the capital costs associated with the additional two classrooms that were constructed. In August 2023, the trustees agreed to underwrite the deposit towards the purchase of adjacent land (measuring 40 feet by 80 feet) to accommodate the school's expansion. The trustees receive regular progress reports on the school's artivities. The school held its 8, annual graduation ceremony on 24 October 2023. Alongside the funding for the primary school, 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. Peter Warburton 27 January 2024
000 00 00 L) (> u u ou E E E
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 2023.
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:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention
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:
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(1) which gives me reasonable cause to believe that in any material respect the requires:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jamie Spears FMAAT
- 29 January 2024