St Nicholas Nairobi Fund
Annual report and Financial Statements For the Year Ended 31 December 2021
St Nicholas Nairobi Fund
Contents
1 Trustees’ Report
2 Statement of Trustees’ Responsibilities 3 Independent Examiner’s Report 4-5 Financial Statements
StNlcholas Nairobl Fund Trustees, Report The Iruslees pre8ent the annual report t¢gether with the financial statements of the charity for the year ended 31 D8c•mber 2021. Oblectlvgs and Actlvlties Slgnlflcant actlvltlo$ Clearly anothar difficuM yearfor the adOrniC worfd globalty. Desp((e this The Baobab Kindergarten SchoJl continues to flourish under the guidance of Head Teacher, Rose Ndegwa and our brilliant staff. The s¢hool o)erates with the maxtmum pemiitted number of pupils. 3 elasses oach of 30 children. We also continue lo gttempt lo find sponsors for our brightest children onlo fee paying primary educalN)n where they can continue lo thrive. We recently managed to find sponsors for elev8n more of our leavers and they have joined the While Cottage Primary School. W8 currently have tsventyone children in further education. Achle¥gmonts and Performance Fundralslng actlvlties We are continuing to bro*l8n our fundrarsing bw. Currentty the majority of fLmd raising is through personal contsct by the Trustee$ with individuals and organising special fundraising evants. The HMRC Gift programme continues lo be an important wurce of income. Invostment porforniance The charty maintains a very consgrvative approach to wivestirKJ surplus fvnds. Any excess over working balancè 18 placed on a call deposit account wth Barclays Bank PLC. Steding kg converted into Kenya Shillings lo meet local expenditure on a when required basis. Balances in Kenya Shillings are kept to a minimum. The annual raport was approved by the trustees of the charity on 14 October 2022 and signed on its behalf by.. Pélr J Mason Trusts8 St Nicholas Nalrobl Fund statemont of Trustees, Responsibilitiès
The trustees are responsible for preparing tho trustees, report and the financial statements in cordance with tho Unrted Kingdom Accounting Standards {United Kingdom General Acceptwj Accounting Prgcticel and applicabte law ancs reguEatKJns. The applkable to charities require8 the trustees to prepa financial 8tatem8nts for ea¢h flnan¢ial year which give a true and fair view of the slate of affair8 of the charity and of tho incoming rosourcgs and application of resources of th& charity for that Year. In preparing these financial Statsments, the trustees are required lo." select suitable aecounling policies and then appty thgm consistentty; obseNe the methods and principles in the CharitK88 SORP., make judgements and e¥timates tha are reasonabb and prudent,. state whether appIable accounting standards have been folkhyed, subjecl to any material departures disck)sed and explain in tha financial 8latemenls', and prepare the financial slalemenls on the going cOr&M basis un less rt Is Inapproprfate lo presume that the charity will continug in business. The trustees are responsible for keeping proper accounting records that disd05e wrth reasonable aLYuf8cy at any time the financial position of the charty and enable them lo ensure th8t the financial ststements comply with the Charities Act 2011, the applicable Charities (Accounts and ReFXJrtsl Regulations, and the provisions of the constf(utDn. The trustees are also responsible for safeguarding the assets of the charty and hence for taking reason able steps for the prevention and detection of fraud and irregulari118S. Approved by the trustees of the charity on 14 October 2022 and signed on its behaW by MrJ Mason Trustee StNlcholas Nalrobl Fund Independent Examiner's Report to the Trustees of St Nlcholas Nalrobl Fund I report on the acCnts of the charity for year ended 31 December 2021 whh are set out on paggs 4 to 5.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
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
-
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 those records. It also includes consideration of any unusual items or disclosures in the accounts, and to seek explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all 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 next statement.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 130 of the Charities Act 2011; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
……………………………………………… Dated 14 October 2022
Mr A Sharif BA FCA CTA PB Associates Chartered Accountants 2-3 Castle Business Village Station Road Hampton Middlesex TW12 2BX
3
| St Nicholas Nairobi Fund |
St Nicholas Nairobi Fund |
St Nicholas Nairobi Fund |
1068036 | 1068036 | CC16a | |
|---|---|---|---|---|---|---|
| For the period from |
Period start date 01/01/2021 |
To | Period end date 31/12/2021 |
|||
| Section A Receipts and payments | ||||||
| A1 Receipts | Unrestricted funds to the nearest £ - 33,300 3,994 - 13 - - - 37,307 - - - 37,307 13,329 369 1,351 664 4,981 85 3,003 181 364 2,067 467 1,403 28,264 - - - 28,264 9,043 - 137,581 146,624 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ - 33,300 3,994 - 13 - - - 37,307 - - - 37,307 13,329 369 1,351 664 4,981 85 3,003 181 - 364 - 2,067 467 1,403 28,264 - - - 28,264 9,043 |
Last year to the nearest £ |
|
| - | - - - - - - - - - |
- | - | |||
| Appeals and donations | 33,300 | 33,300 | 84,592 | |||
| Gift Aid reclaimed on donations | 3,994 | 3,994 | 17,977 | |||
| - | - | - | ||||
| Bank interest received | 13 | 13 | 203 | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total(Gross income for AR) |
37,307 | 37,307 | 102,772 | |||
| A2 Asset and investment sales, (see table). |
||||||
| - | - - - |
- | ||||
| - | - | - | ||||
| Sub total | - | - | - | |||
| Total receipts A3 Payments |
||||||
| - | 37,307 | 102,772 | ||||
| Salaries & Bonuses | 13,329 | - - - - - - - - - - - - - |
13,329 | 23,752 | ||
| Insurance | 369 | 369 | 504 | |||
| Repaire an maintenance | 1,351 | 1,351 | 3,817 | |||
| Administration expenses | 664 | 664 | 585 | |||
| Educational costs | 4,981 | 4,981 | 3,233 | |||
| Clothingand medical | 85 | 85 | 1,852 | |||
| Food and supplies | 3,003 | 3,003 | 11,828 | |||
| Utilities,travel and fuel | 181 | 181 | 2,506 | |||
| Advertising | - | |||||
| Accountancy | 364 | 364 | 667 | |||
| Legal &professional | - | |||||
| Sundry | 2,067 | 2,067 | 1,036 | |||
| Bank & donation site charges | 467 | 467 | 591 | |||
| Foreign exchange(gains)loss | 1,403 | 1,403 | 2,071 | |||
| **Sub total ** | 28,264 | 28,264 | 52,442 | |||
| A4 Asset and investment purchases, (see table) |
||||||
| - | - - - |
- | ||||
| - | - | |||||
| **Sub total ** | - | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | 28,264 | 52,442 | ||||
| 9,043 | - | - | 9,043 |
50,330 | ||
| - | - | - - |
- | - | ||
| 137,581 | - | 137,581 | 87,251 | |||
| 146,624 | - | - | 146,624 | 137,581 |
4
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B3 Investment assets B5 Liabilities |
Details Bank accounts Expense accounts (agree balances with receipts and payments account(s)) Details Total cash funds Details Details Details Other Creditors Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 142,349 - 4,275 - - - 146,624 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
5