St Nicholas Nairobi Fund Annual report and Financial Stslemenls For the Year Ended 31 December 2023
St Nlcholas Nalrobl Fund Contents Trustees, Rewrt Stslemenl ol Trusts' ResFonsibilils Independenl Examinerfs ReFQrt Financial Stalennts
StNlchol•s Naiwobl Fund Trustees. Report The Iruslees present the annual report logelher the financ1 sialements of the charity for the year ended 31 Decemtef 2023 Objectlves and A¢tivitles Slgnificant activlties The Baobab Kindergarten School continues lo Ilounsh under the guNJance of Head Teacher. Rose Ndwa and our bnlliarbl staff. The sch1 operates with the maximum rn)ed number of pupils, 3 das5es each of 30 children. We look on a new Social care worker In 2022 to work wrth our Baobab Seniors who are sponsored children In fijrther eduealion This has been a huge success and Is growing annualty This is a Ihnvin9 and very successhjl part of what we are doing with 48 children currenuy SFK)nsored. Achifrvements and Perforniance Fundraising activities We are continuing lo broaden our lundraising base Currently. the majority of fvndraising is through personal contact by the Trust wrth Individuals and 01ganYzing special fundra151ng events. The HMRC Gift Aid program continues io be an important source of income. We are in gocmj heatth with In excess of £161k current cash fvnds. Investment perfomiance The charity maintain5 a very conSea've approach to Invests"ng suolus funds. Any excess over working balance Is placed on a call deposit a¢counl wth Barclays Bank PLC Slerting Is converted Into Kenya Shillings io meet l¢xal expendilufe on a when required basis BalanS In Kenya Shillings are kept lo a minimum The annual report was approved by the Irustees of the chanty on 22$ O¢tober 2024 and sned on ils behalf by Mr J Mason Trustee St Nicholas Nairobi Fund Statemenl of Trustees. Responsibilitie$
The tslee5 are responsible for prepanng the Iruslees, re[ and the finanoal statements in accordance with the United iQ'ngdom A(Lounling Slandards (Uniled ngdoM Generalty Accepted Accounting Prac1) and applKable I and The law appIable to charilies requires the trustees to prepare finanual slalements for each financial year which give a true and fair view ol the stsle ol affairs of the chafity and of the Incoming resources and application of fesources of Ihe chanty for Ihal Year. In prepanng these financial statements, the trustees are required lo" select suiiable accounting polics and then appty them consislentiy, observe Ihe methods and principles In the Chanlies SORP". make judgements and eslimales Ihal are reasonable and prudent, stale whether applicable accounting standards have been followed. subject lo any material departures disclosed and explained In the financhal slalements. and prepare the financial stalemenls on Ihe going Concern basis un less Il is inappropnate lo presume that the thanty will continue in business The Injstees are reswnsible for keeping proper accounbng records that disclose wth reasonable accuracy at any time the financial wsilion ol the charity and enable them to ensure Ihal Ihe financial slalemenls comply with the Chanlies Act 2011. the applicable chanb.es (Accounts and Reports) Regulations, and the provisions of the consblutson The trustees are also sponsible for safeguarding Ihe assets of the chanty and hence for tsking (eason able steps for Ihe prevenb'on and Jeleclion of fraud and other Irregularibes. Approved by the trustees of the charity on 22 October 2024 and signed on its behalf by Mr J Mason Trustee StNicholas Nairobi Fund Independent Examinerfs Report to the Trustees of St Nicholas Nairobi Fund I report on the accounts of the chanty for the year ended 31 December 2023 Wh are Set out on pages 4 10 5
Respective responsibllfties of trustee$ and examinei The Iru51ees are responsible for the pleparaln of the accounls. The Iruslees consider that an audsl is requiTed for this year under seCtn 144{2) of the Charrties Act 2011 {Ihe 2011 Acl) and ihat an Independenl exarninatK)n needed It Is my responsibility lo examine the accounts under sectson 145 of the 2011 Act". lo follow the procedures laid down In the general Direcbons given by the Chanty Commission nder Section 14515llbl ol the 2011 Act. and lo stale whether particular matters have come lo my attenlion. Basis of Independent examlner's report My examination was carned out In accordance with the general Directsons gNen by the Chanty Commission. An examination Includes a review of the accounbng records kept by the charity and a companson of the accounts presented with those iecords 11 also includes consideratson of any unusual Items or disclosures In the accounts, and lo seek explanation5 from you as Iruslees conceming any such matters The procedures undertaken do not provide all the eviden that would be required In an audit and consequenuy. no opinion Is given as lo whether the accounts present a "true and fair vievr and the report is limited to those mattels sel out In the next stslement Independent examinefs statement In connethon wth my examinalion. no matter has come to my attention". which gives me reasonable cause to believe that in any matenal respect the requirements" lo keep accounting records in accordance with Section 130 of the Chariltes Act 2011.. and to prepare accounts that accord wilh the accounting records and cornply with the accountin9 requirements of the 2011 Act have not been met. or lo whF¢h. in my opinion, attention should be drawn to enable a proper understanding of the accounts to be rea¢hed Oaled 22 October 2024 Mr A Sharif BA FCA CTA PB Associales Chartered Accountants 2-3 Ca511e Business Village Stslion Road Hampton Middlesex TW12 2BX
CHARITY COMMISSIO FOR ENGIANO ANO WAII Receipts and payments accounts CC16a For the pnod To 01KJ1Q023 31112r2023 Sectlon A Receipts and payments Unrostrictod lundg Re3tTlCted fund Endo¥vmont lunds Total lunds Lst yoar ioth• E A1 Recèi .75• 776 81.75 41,857 1.126 Sub total (Gffjss Income lor ARI A2 Asset and investrntni sales, (see table). 91,6&J 47.970 Sub total 91,660 51.660 47.970 A3 Payments Sai3ni S Inwrar Rewire ¥ Mntartr mrnistrw ex[xYS E¢ab(y c05t5 Clgining aryj Fcth arf re3 Ublitres aTh1 AO¥thSl 1&66f 16.661 4S8 9,226 301 20.2B5 1.4UJ 15AOS 432 S.07Z 301 20.2J5 7.622 1.970 4.418 &717 0.717 4.29J 278 4t? Ltrjal & yofesg(n stsry 43B 4.55$ 70.117 477 FrKL¥gn Iwnsl l(XS Sub tolal 70.117 54.267 A4 Asset and Instment purchases. Is•8 iablel Sub tolal 70.117 70.117 54.267 Net olreceipts/(payments) A5 Transfers betsveen funds A6 Cash funds Last year end Cash funds this year end 21.543 21,54 6.297 140.327 161,870 140,327 161.870 146.624 140.3
Section B Statement of assets and liablllties at the end of the perlod Unrestnct•d lunds Rgstritted funds to ne•r•f En(lovfflinl funds Dotsi15 81 Cash funds 156.1 l737 Total cash funds 1$9,224 Unrnsln'ctod funds Restricted lunds Endowment funds Detsl 82 Other monetary assets 491 De12ils 83 Investm•nt assets Detsils B4 Assets retsined for the ¢harity's own use FurAY iowhkh Vthen du• Dct3115 B5 Ltabilities S#3 by one ormx) tn¢iees tehaff ofalts tsuslee5 SwJnabJre Pnnl Narne Date ol