## **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:
1. 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
2. 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