aking r7 Difference .AO Keny TO KENYA WITH LOVE ANNUAL REPORT AND FINANCIAL STATEMENTS 2024 Registered Charity Number 1063960
TO KENYA WITH LOVE INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PAGE Simplified TNstees' Annual Report Ind¢pendenl Examiner's Report Statement of Financial Activities Ststement of Financial Position Notes lo the Financial Stalements 10
Trustees. Annual Report for the period Period start date 01 January 2024 Period end date 31 December 2024 From To Section A Reference and administration details Charity name Community Care Resources International Trust Other names charity is known by To Kenya With Love Registered charity number (If any) 1063960 Charity's prlnclpal address Hope Church (formerly Diss Christian Community Church) Vinces Road Diss, Norfolk Postcode IP22 4HG Names of the charity trustees who manage thè charlty Dates a¢t•d If not for who10 èar Trustee nam• Offl¢o Ilf any) Name of person lor body) ontltled toa olnt trustee Ifan Trustees Mr Philip Ball Mrs Diane Ball Trustees Mrs Sally James Fry Mr Stephen Kidd Mrs Janet Newberry Mrs Teresa Molden Trustees Chair Trustees Trustees Secretary 0110112024 - 0510912024 Trustees Mrs Kate Birt 2310512024 - 3111212024 Trustees Mrs Jane Campbell Mr Trevor Campbell Trustees Secretary 0610912024 - 3111212024 Trustees Names and addresses of advlsers (Optlonal Informatlon) e of advlser Name Address 2 Sancroft Way Fressingfield Eye Suffolk IP215QN Treasurer Mr Christopherjohn Squires Name of chief executSve or names of senlor staff members (Optional informatlon) Mr Christopher Wheat (Volunteer Field Worker) Section B Structure, governance and management Description of the charlty's trusts Trust Deed Type of governing document
How the charity is constituled TrusURegistered Charity Trustee selection methods Trustees are appointed by existing Trustees and future appointments are selected from the Charity's existing pool of supporters andlor will be people closely associated with the Charity and supportive of its ethos and ob'ectives. Additional governance issues (Optlonal infomiation) An additional Community Based Organisation (CBO), To Kenya Wilh Love Ministries, is established in Kenya. The CBO is operated by a local Board, both because our school programme necessitates it, with foreigners not being allowed to own land in Kenya, and because we believe in working with and through local people. You may choose to include additional information, where relevant. about: policies and procedures adopted for the induction and training of trustees; the charity's organisational structure and any wider network with which the charity The members of the Kenyan Board are.. Janet Newber Chair UK Trustee. Chris Wheat Treasurer To Kenya With Love volunteer field worker. relationship with any related parties; trustees, consideration of major risks and the system and procedures to manage them. David Abdalla On 'owo - Project Co-ordinator for young people's health. Samuel Abara - Interior Designer. Irene Atieno On an o - Research Nurse. Section C Ob"ectives and activities We provide education to underprivileged children in Kisumu, Kenya. We do this by running our own nursery and primary schools and by providing funding to pay for fees, uniforms and books for poor children attending other schools and education facilities in the city and beyond. Charitable objects: a) to advance the Christian faith b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby c) to advance education in accordance with Christian principles d) to advance the provision of employment and training for employment e) to promote social responsibility f) to promote the rehabilitation of persons affected by drug. alcohol and other substance addiction g) general charitable purposes Summary of the objects of the charlty set out In its governlng document
The principal objectives of the Charity are to provide a better future for underprivileged children and their families living in the Kisumu area of Kenya by providing them with education and training that they would not otherwise be able to afford. The main activities of the Trust can be broken down in the following ways: Sponsorship of children's education: Individual children ar8 found sponsors in the UK who commit to help underwrite the costs of the child's education at a rate related to the age of the child and the type of school. Sponsorship of a child's education means care for the whole person and includes providing two meals a day. school uniform and books. Medication is also provided when the child is sick. It also means that children know that a named individual is supporting them. To Kenya With Love keeps sponsors informed of the child's progress by means of regular individual update reports, and sponsors are able to send letters and gifts to their sponsored children if they choose to do so. School development: In 2006, the Charity acquired land to build a nursery and primary school. Over the years since 2006 the buildings and other on-site facilities have been completed but the continuing development and maintenance of the site remains a prime objective of the Charity. Summary of the maln actlvltles undertaken for the publlc beneflt In relatlon to these objects (Include withln this section the statutory declaratlon that trustees have had regard to the guidance Issued by tho Charlty Commlssion on public benefit) In 2023 a Junior High School was established in temporary buildlngs. We airn to move this to a permanent 300 sq metre single-storey building on a new site adjacent to the existing one starting in 2025. Flnanclal asslstance: The Charity also receives and handles specific donations for the provision of financial help to other individuals and projects in the Kisumu area whose objectives fall within those set out in the Trust Deed. This now includes the training, financial support and encouragement, by way of short-term loans, for locally based micro-enterprises in the area near to the school. The payments and repayments are regularly monitored locally. Publlc benefit: When planning our activities for the year the Trustees have considered the Charity Commission's guidance on public benefit. This principSe is fundamental to To Kenya With Love's operation as a Charity. The Trustees believe that the work of the Charity demonstrably creates benefit for the public in Kenya, with over 400 children and young people - many in poverty situations receiving an education, school uniform, school meals and where necessary medical treatment. The Trust believes in promoting the welfare of the whole person. The schools at which supported children are educated are carefully selected and are monitored to ensure they are operated in accordance with Kenyan law. Increasingly, children and young people will be attending Simon Newberry School, where their progress is monitored by our own staff.
Additional details of objectives and activities (Optional information) You may choose to include further statements, where relevant, about.. All Trustees are unpaid volunteers. they are free to claim reimbursement for travel and administrative expenses related to the operation of the Charity. policy on grantmaking: policy programme related investm&nt: The Charity pays the rent and contributes to the utility costs of their volunteer field worker as well as the insurance and maintenance of his motorbike. Contributions to his other living expenses are made directly to him from individuals and churches in the UK. contribution made by volunteers. Section D Achievements and performance Summary of the maln achievements of the charity during the yaar Summa of the main activities and achievements of the Charit in 2024: We completed the purchase of a small parcel of land adjacent to our Nursery and Primary school to house a new Junior High school and aim to start construction as soon as possible in 2025. We established a fundraising sub-committee to focus on improving our performance in this area, They will be responsible for increasing the number of grant applications and fundraising events such as the 'Buy-a Brick, scheme launched for the new school. During the year we increased our financial reserves from £15K to the full £18K as specified in the Financial Reserve Policy. We completed the purchase of equipment for the temporary Science Laboratory and the Computer Room for Junior High school. Two working parties from the UK visited during the year. In March three trustees spent time observing teaching methods and inviting suggestions from teaching staff for future developments. In November two of our supporters helped our local staff to achieve a complete redecoration of the Nursery and Primary building. We discussed th8 possibility of initiating Prayer Spaces in our school with the help of 2417 Prayer International, who have successfully introduced the concept in many countries around the world. The initiative seeks to identify individual children's spiritual needs by providing quiet spaces where they can share their thoughts and make prayer requests and has been received very positively by education providers. ectivesrrar ets for 2025 include: To have completed construction of the base slab for the Junior High school together with at least one fully finished classroom by the end of the year. To commence the Prayer Space initiative for Primary and Junior High pupils. To have sufficient funds in hand by the end of the year to continue the Junior High build through to completion.
Section E Financial review The Trustees of To Kenya With Love have written a sustainable financial reserves policy which quantifies the sum to be held against unforeseen emergencies. The reserve was increased to the full recommended level in 2024 of £18k. The recommended reserve amount will be reviewed annually. Brief statement of the charlty's pollcy on reserves Meanwhile controls have been put in place to avoid over-commitment of resources and regular monthly controls. Controls have also been implemented to improve the transparency of financial transactions between the UK and Kenya, and for the auditing of designated donations by the stsff in Kisumu. Activities in Kenya are managed by the local team. Risks associated with these activities are regularly assessed and improvement implemented where possible. The To Kenya With Love supporters regularly seek out additional ways of raising support for the Trust's activities. The Trustees request to be involved in reviewing these opportunities. Detalls of any funds materSally In deflclt None Further flnanclal revlew detalls Ioptlonal Informatlon) Flnance The UK Trustees continue to work with the team in Kisumu to increase local funding to reduce the dependency on UK support. You may choose to include additional information, where relevant about: the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity; investment policy and objectives including any ethical investment policy adopted. Revlew of the Flnanclal Posltlon at the end of the Reportlng Perlod During the period receipts from sponsorships increased by almost £1.5k however gift & gift aid receipts had increased by just over £29.5k. In addition, fundraising initiatives undertaken during 2024 raised just over £11 k of 'new money,. This situation allowed us to establish and maintain the Financial Reserve of £18k which the Trustees had identified as being required. There are expenses which are due at certain times of the year, and in order to ensure sufficient funds to meet these expenses at the time they are due regular transfers are made from current account assets to nominated reserves. This is a tool of management of the Charity's resources and the Trustees consider this to be good practice. At the year-end the total of these reserves was just over £28k of which £18k was the Financial Reserve set aside to ensure the normal operation of the Charity in the event of unforeseen financial difficulty as noted in the previous paragraph. The remaining amount covers specific expenses and the details are included in Note 15 in the Notes to the Financial Statements. The two largest of these reserves cover the cost of purchasing School Uniforms for the pupils normally around April each year and the other covers the costs associated with fees for pupils in further education at external Colleges. High Schools and Universities which are generally payable at the beginning of each educational term. Receipts for the Charity increased during the period by £21,555 to £188,370.
Our budget for the 2024 year was again an increase on the previous year. However, the SterlinglKenyan Shilling exchange rate remained strong enabling the Charity to meet budgeted expenditure for the period. As a result payments for the Charity increased during the period by £12,730 to £177,080. Trustees are committed to continuing this level of fundraising activity and the monthly Finance Committee meetings will be responsible for informing trustees as to the level of fundraising required to continue to meet our budgeted running costs taking into account exchange rate fluctuations. The total available funds at the end of the year were £64,115, an increase of £11,292 on the previous year-end. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Slgnature{s) Full name(s) Posltlon (eg Secretary, Chalr, etc) Mr Stephen Kidd Chair Date
KENYA WITH L VE INDEPENDENT EXAMINER, REP RT TOT OF TO KENYA WITH LOVE I report to the trusteeg on my examinalion of the financial statements of To Kenya With Love (the Charity) for the year ended 31 December 2024. Responslbllltles and basls of report As the trustees of the charity you are responsible for the preparation of the financial slalements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial slalemenls carried out under section 145 of the Charities Act 201 l. In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared the financi31 stalemcnls in accordance with the levant version of th¢ Statement of Recommended Practice applicable to charities preparing their financial slatements in a¢cordan¢¢ with the FitJan¢ial R¢porting Siandard applicable in the UK and Republic of Ireland (FRS 102) in prcferencc to the Ac¢ounting and Reporting by Charities.. Sialemenl of Recommended Practice issued on l April 2005 which is referred to in the ¢xtant regulations bul has now been withdrawn. l understand Ihal this has been done in order for the financial statements to provid¢ a Irue and fair view in accordance with UK Generally Accepted Accounting Praclicc. I have completed my cxamination. l confirni that no matters have come to my attention in connection with Ihe examination giving me eause to believe that in any niaterial respect.. accounting r¢rords were not kept in respect of the charity as required by section 130 of the Charities Act 2011. Ihe financial slal¢men15 do not accord with those records, or the financial slalemenls do not comply with the applicable requirements concerning the fonn and conlenl of financial slalements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial slalemenls give a true and fair view, which is not a mailer Considered as part of an independent examinalion. I have no eoncern5 and have come across no other matters in conneclion with the examinalion to which allenlion should be drawn in Ihis report in order to enable a proper understanding of the financial siatements lo be reached. LRNe Fellow of the Inslitule of Chartered Accountants in England and Wales Waveney Accountants Limited Tlas Newman & Co Chartered Accountants 4b Church Street Diss Norfolk IP22 4DD Dated.. Xi..-! O-
TO KEN WITH L VE STATEMENT F FINAN IALA TIVITIE tNCL DtNG tNCOME AND EXPENDITURE ACCOUNT R THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 Restricted funds 2024 Total Total 2024 2023 Notes Voluntary in¢ome Investment income 35,413 400 152.556 187.969 400 166,578 238 Totil receipts 35,813 152,556 188,369 166.816 Charitable activities 22,514 154,363 176,877 164,108 Oiher expendiNre 200 200 242 Tot*1 piyment$ 22,714 154,363 177,077 164.350 Net Incomel{expendlture) for th¢ yearl Net movement In funds 13,099 {1.807) 11,292 2,466 Fund balances al l January 2024 25,921 26.902 52,823 50,357 Fund balances #t 31 Deeember 2024 39,020 25,095 64,115 52,823 The sthiement of financial activities includes all gains and losses reco¥nised in the year. All income and expenditure derive from continuing activities.
TO KENYA WI ov TATEMENT F FINANCIAL PO ITION ASAT I DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assels io 227 227 Current assets Cash at bank and in hand 63,888 52,596 Nel Current assets 63,888 52,596 Total a55ets less current liabllltle5 64,115 52,823 Income funds Reslricled funds Unrestricted funds 12 25,095 39.020 26.902 25,921 64,115 52,&23 Thefi sialements were approved by the Trustees on 24 October 2025 Mr S Kidd Trustee
KENYA WITH L VE OTES TO TH IA STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢counting polS¢les A.1 Aecounting convention The financial statements have been prepared in accordance with the charity's governing document. the Charities Act 201 l and "Accouniing and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ir¢land (FRS 102) (effective l January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not ¢0 prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a t¢ and fair view. This departure has involved following the Staiemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations bul which has since been withdrawn. Th¢ finanrial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial stalemcnls arc rounded lo the nearest £. The financial statements have becn prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Golng concern At the time of approving the finan¢ial slalemenls. the trustees have a reasonable expectation that the charity has adequate resour¢¢$ to ¢ontinu¢ in operational exislen¢e for the foreseeable ture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable fund$ Unrestricted ndS are available for use at the discretion of th¢ trustees in furtherance of their charitable objective5. Designated funds are unrestricted funds eamiarked al the discretion of the trustees for particular purposes. Restricted funds are subject to spe¢ifi¢ ¢onditions by donors or grantors as to how they may be used. The purposes and uses of the r¢stri¢t¢d funds are set out in the noles lo the financial slatemenls. 1.4 Income Income is recogniscd when the charity is legally entitled to it after any perfomance conditions have been met. the amounts can be measured reliably, and il is probable thai income will be received. Cash donations are recognised on receipt. Other donations ar¢ recols¢d once Ihe charity has been notified of the donation, unless performance conditions requi deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Voluntary income is received by way of donations and gifts and 15 included in full in ihe Stalcmenl of Finan¢ial A¢livili¢s when receivable. Donated assets are in¢lud¢d at the value to the ch&rily where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included. 10-
KENYA WITH L VE TEST THE FINANCIAL STATEMENTS NTJN ED FOR E YEAR END D 31 DECEMBER 2024 Accounting policies {Con¢lnued) 1.5 Expenditure Expenditure is re¢ognised once there is a legal or ¢onstw¢tiv¢ obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in setilemenl, and the amount of the obligation Can be measured reliably. Expenditure is classified by activity. The Costs of each a¢tivity are mad¢ up of th¢ total of direct costs and shared eosts, in¢luding support ¢osts involved in undertaking ¢a¢h a¢tivity. Dir¢ct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to rnore than one activity and support costs which are not attributable to a stngle activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges t4re allocated on the portion of the assei's use. Resources expended are recognised in the year in which they are incurred. Fund raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infonnalion in support of th¢ charitable activities. Dire¢t charitable ¢xpenditur¢ ¢ompri5eS those costs inGutr¢d by tb¢ charity in the delivery of its activities and services for its benefieiarie$. Indir¢¢t Gharitable exp¢nditur¢ ar¢ tho$¢ ¢osts incurred in ¢onn¢¢tion with the day lo day running and administration of the charity. but which cannot be 74ttribuled lo a particular activily. Governan¢¢ ¢osts are those costs incurred in conne¢tion to ¢ompliance with conslilutional and slatulory requirements. 1.6 Tanglble fixed a$$et$ Tangible fixed assels ar¢ initially mea5urcd at cost and subsequently measured al ¢o$i or valuation, net of depreciation and any impairni¢nt10sS¢S. When the acquisition value is below £100 items will not be capitaliscd. Depreciation is no longer charged. The gain or1085 arising on the disposal of an asset is detemined 3$ the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivilies. 1.7 Imp*lrment of fixed as$et$ Ai ea¢h reporting end dale, the charity reviews the Carrying amounts of its langible assets to deterniine whether there is any indication that those assels have suffered an impairn)enl loss. If any such indication exists, the recoverable amount of the asset is estimated in order to delemiine Ihe exlenl of the impaimienl loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerni liquid investments with original malurilies of Ihree months or less, and bank overdrafts. Bank overdrafts are shown within Eorrowings in current liabilities. Basicfinancial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using Ihe ¢ff¢ctive interest method unless the arrangement consiilules a financing transaction, where the iransaction is measured at the present value of the future receipts discouThted at a market rate of iThterest. Fillancial assets classified as receivable within one year are not amortised. 11
KENYA WITH L VE TEST THE FINANCIAL TATEMENTS CONTIN ED FOR THE YEAR ENDED 31 DE EMBER 2024 Accounting policies (Contlnued) Basicfinahclal Ilabllirfts Basic financial liabilities, including creditors and bank loans are inilially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured al the present value of the re payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried ai amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabiliiies if payment is due within one year or less. If not, they are presented as nonvcurrenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecoghlilon ofJ7nanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligalions expire or arc discharged or ¢an¢¢lled. Assets and liabilities in foreign currencies are translated inlo sterling al the rates of exchange al the balan¢¢ Sheet dale. Transactions in foreign currencies are Iranslaied into sierling at the rale of exchange tuling at the dale of transaction. Exchange differences are taken into account in arriving ai the operating result. Crltl¢al ac¢oundng e$tlm4tes and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, eslimalcs and assumptions about the carrying amount of assets and liabilities that are not readily apparent Irom other sources. The estimates and associated assumptions are based oti historical experience and other factors that arc L¥fynsid¢r¢d to be rel¢vanl. Actual results may differ from these estimates. Th¢ estimBtC5 and undcrlying assumptions are reviewed on an ongoing basis. Revisions to ac¢ounting estimates are recognised in the period in whicli the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Voluntary Income Unr¢strlcted funds 2024 Restrlcted funds 2024 Total Total 2024 2023 Sponsorships Donations Gift aid Fund raising initiativ¢ 17,478 14.094 96,503 27,933 20,726 7,394 113.981 42.027 20,726 11.235 112,451 14,382 18.823 20,922 3.841 35,413 152,556 187.969 166,578 12-
TO KENYA WITH LOVE TH TS CONTINUED R THE YEAR ENDED IDE EMBER 2 Inveslmenl Ineome Unrestri¢ted funds 2024 Restrleted fund$ 2024 Total Total 2024 2023 Interest receivable 400 400 238 Charltible actlvltles Unrestricted funds Restrlcted funds 2024 Total Toial 2024 2024 2023 SNS schools & community care Food for meals School development project Reh¢ma family Jiminech Other gifts 10.349 6.229 129,409 1,456 20,320 139,758 7,685 20,320 138,567 6,596 11,120 520 ,050 1,403 605 2,573 605 2,651 78 16,656 154,363 171,019 159,256 Runnlng costs- Keny Travel, accomodation elc 3.783 3.783 3,150 3,783 3,783 3,150 Administrtive costs - UK Travel, ac¢omodation etc 934 934 537 934 934 537 Governance costs Accountancy Travel. accomodation etc Trustees general expenses 996 996 956 145 145 209 1,141 1.165 22,514 154,363 176,877 164,108 Trustees Non¢ of the trustees (or any persons connecled with them) received any remuneration or benefits from the charity during the year. 13
NYA WITH L VE NOTES TO T ANCIAL STATEMENTS CONTtN ED FOR THE YEAR ENDED 31 DECEMBER 2024 Other expendlture Unrestricted funds 2024 Restricted funds 2024 Total Total 2024 2023 Bank charges 200 200 242 200 200 242 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total T#xAtlon The ¢harity is exempl from taxation on ils activities because all ils income is applied for ¢harilable purposes. 10 Tangible fixed assets Computer Motor vehlcl equlpmeAt Total Cost At l January 2024 400 3,180 3,580 Ai 31 December 2024 400 3,180 3,580 Depreciatlon And impalrment Ai l January 2024 273 3,080 3.353 Al 31 December 2024 273 3.080 3,353 C*rrylng amount Ai 31 December 2024 127 100 227 Ai 31 December 2023 127 100 227 11 Amounts payable to Independent examlner During the year £780 (2023 - £740) was paid to Newman & Co in rel8tion to the preparation of the financial statements and the independent examiners report for the year ended 3 Isl December 2023. A total of £780 will become due for payment following the year end in relation to the fees owed for the year ended 31 st December 2024. 14-
TO KENYA WITH LOVE NOTES OTH CIAL STATEMENT NTtN ED ENDED BER 2024 12 Restricted funds The restricted funds of the charity comprise ihe unexpended balances of donations and grants held on ttust subject to specific conditions by donors as to how they may be used. At l January 2024 Incoming resources ReSoue8 expended TransfersAt 31 December 2024 26,902 152,556 (154,363) 25,095 Prevlous year: At l January 2023 Incomlng resources Resourees expended TransfersAt 31 December 2023 22,783 122,996 (161,882) 43,005 26,902 13 Unrestrieted funds The unrestricted fund5 of the charity comprise the unexpended balance$ of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may b¢ used. These include designated funds which have been set aside out of unrestricted funds by th¢ trustees for specific pury)oses. Ai l J#nu4ry 2024 Incoming resources Resources expended Tran5fer5At 31 December 2024 General funds 25,921 35,813 (22,714) 39,020 Prevlous year: At l J*nu4ry 2023 Ineomlng resources Resources expended TransfersAt 31 De¢ember 2023 General funds 27.574 43,820 (2,468) (43,005) 25,921 14 Analysis of net as$el$ between funds Unrestrlcted Restrlcted funds funds 2024 2024 Total Total 2024 2023 Fund balances at 31 December 2024 are represented by.. Tangible assets Current aSSet{liabilItles) 227 38,793 227 63.888 227 52.596 25,095 39,020 25,095 64,115 52,823 15-
KENYA WITH LOVE NOTES TO THE FI ENTS CONTINUED FOR THE MB 15 Restricted and unrestricted Income funds BalaDce It 01.01.24 Incomlng resources Outgolng resources Transfers Balance at 31.12.24 Unrestricted funds Reslricied funds 25,921 26,902 35,813 152,556 (22,714) (154.363) 39,020 25,095 52,823 188,369 (177.077) 64,115 Unrestricted fijnds include the whole balance held within the business Business Development Account. The remaining unreslriclcd funds held within th¢ No. l and No.2 accounts. These balances include the lollowing deslgnaled fijnds, lo be held in reserve at the discretion of Ihe Iruslees, lo cnsure that funds aTe availablc lo mecl future anticipated expenditure rcquirements in the following a8.. Deslgnated funds Fares Reserve Fund Unifonn Reserves Fund High S¢hoollColleg¢ F¢¢8 R¢$erv¢ Fund GcncrY41 Reserve Fund 700 2,600 5.462 18.000 At 31 December 2024 26,762 16 TrAnsa¢tlon$ wltb Trustee5 and other related pArtI¢s During the year a sum of £479 was reimbursed to Mrs Janet Newbeny in relation to expenditUTe paid on behalf of the Charity (2023 - £162). During th¢ year the Charity has also made support paymenls of £3,585 (2023 £3.123) towards Chris Wheat's accommodation costs in Kenya and travel expenses whilst visiling the UK. 16-