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 Trust*s' ResFonsibilil￿s
Independenl Examinerfs ReFQrt
Financial Stalen*nts

StNlchol•s Naiwobl Fund
Trustees. Report
The Iruslees present the annual report logelher the financ￿1 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 sch￿1 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 conSe￿a￿'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 Balan￿S 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 s￿ned on ils
behalf by
Mr J Mason
Trustee
St Nicholas Nairobi Fund
Statemenl of Trustees. Responsibilitie$

The t￿slee5 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 appI￿able 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 polic*s 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 pleparal￿n of the accounls. The Iruslees consider that an
audsl is requiTed for this year under seCt￿n 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 p*nod
To
01KJ1Q023
31112r2023
Sectlon A Receipts and payments
Unrostrictod
lundg
Re3tTlCted
fund
Endo¥vmont
lunds
Total lunds
L*st 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 ¥ M￿nt￿artr
mrnistr*w ex[xY￿S
E¢￿ab(y￿* c05t5
Clgining aryj
Fcth arf ￿r￿￿e3
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*
sts￿ry
43B
4.55$
70.117
477
FrKL¥gn Iwnsl l(XS
Sub tolal
70.117
54.267
A4 Asset and In￿stment
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(lovffli*nl
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