St Nicholas Nairobi Fund Annual report and Financial Statements For the Year Ended 31 December 2024
St Nicholas Nairobi Fund Contents Trustees, Report statement of Trustees, Responsibilities Independent Examinef s Report 4-5 Financial Statements
si Nlrhol•• N•lmblFund TN•l•H' A•port The trv$lÈes ryeg•nl Ihe annual r•p(yt Icwei wTrlh Ihe fin8nc Stalen15 of the ch•rity IN year ded 31 Dectmi*i 2024 0I4Kllv•• •nd A¢ll¥ltl•• Slgnlfkint •cth7ill•• The Baobab Kinderganen School continues lo flourish undef the guidance ol our brilliant and dedicated staff The schwl operates wilh the maximum permitted number ol pupls J classes each 0130 children We i(yJk on a new Social care worker In 2022 to work with our Baobab senr5 who are 5¢)onsored children In further edUcatn Tht5 Is a Ihrrying and very succe$5fv1 part of whal we are dtyng wrth over 70 children now currenlty sponsored A¢hl•v•m•nts •nd P¢rfonMnc? Fundral•lng •ctlvrtles We are continuing lo broaden our fundraising base. Currenlly, the majority ol fvndraising Is through personal contact by the Trustees with Individuals and organizing special lundraising events The HMRC Gift Ai¢J programme conlinues lo be an Important source of Income However. we ale In 9ood health with In excess of £150k current cash funds Inv•slm•nt perfornMn¢• The charity maintains a very conseryalive approach lo investing surplus funds Any excess over working balance Is placed on a call deposl accounl wilh Barclays Bank PLC sierting Is converted Inio Kenya Shillings lo local expenditure on a when required basis Balances In Kenya Shillings afe kept to a minimum The annual report was approved by the trustee$ of the chanty on 2V October 2025 and signed on its behalf by MrJ Mason Trnstee St Nlcholas Nairobl Fund Statement of Trustees, Responsibilities
Tr¥ truilpvy are rpity)M1,Ié PIP[linq Ihe Iruil•M' rerrf ind fhe fin4nr.IAI 8latry•.nt8 in vnlh Ihe Uniled KingdLifn ficcovnling 51andaids Ivniled Kin9tlnm C••nprall¢ Arc•pid ALYounlry PrKlrel apPIale lkn and ryiilAlonJ la xpplcablp to chall1S reqLJire4 Ihe IriJilevv4 to prvpaie IinAnc.ial slaiprnenls lor eactr faP.apr.,al yeaT grye a And lair ol Ihe ilale ol affaifs of the charity anij DI the Incomin9 r••ilrS ar+d agpl¢.alw ol re40vrces of Ihe clwfrty for Ihal Y?ai In preparing Ihew. financ1 slalemenlj le trvslees a require(1 lo ¥elecl 5utIab accounting polK$ arrt1 then appty Ihem st$lentlY. observe Ihe rrnlhods and pnnciples in the ChaIrt 50RP, make iudgemenlg and eslimales that are reagonable and Pfudenl. stale whether applicable accounling standards have been lolkJw•d. subiecl lo any maleri departures disclosed and explained In the financial slalemenls. and wepare the Iinancial slalennts on the gtyng concern basi$ un less Il Is Inappropnale 10 presu Ihal It chanty will conlinue In bu$iness The trustees are responsible lor keeping propef accounlir#J records Ihal disclose with reasonable accuracy al any li the financial Position ol the charity and enable them lo ensure thal the financial 51atemenls compty with the Chanlies Acl 2011, the appliGable Charities (Accounts and Reports) Regulaiions. and the provIsn5 of the constilulion The Iruslees are also responsible for saleguarding the assets ol the chanty and hence for taking reason able sleps for the prevention and deiK1ft ol fraud and other Irregularilies Approved by the Iruslees of the chanty on 29th October 2025 and Ssned on Ils behall by Mr J M•on Trustee St Nlcholas Nalrobl Fund Independent Examlner's Report lo Ihe Trustees of St Nicholas Nairobl Fund l POrt on the accounts ol the charity for the year ended 31 December 2024 which are set out on pages 410 5.
St Nlcholas Nairobi Fund Independent Examlnerfs Report to the Trustees of St Nlcholas Nairobi Fund I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 5. Respectivo responslbllities 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 arxounts 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 Acl,. and to state whether particular matters have come to my attention. Basls 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 'twe and fair vie and the report is limited to those matters set out in the next ststement. Independent 8xamlnerfs 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 that accord viith the arxounting 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 29 October 2025 Mr A Sharif BA FCA CTA PB Associates Chartered Accountants 2-3 Castle Business Village ststion Road Hampton Middlesex TW12 2BX
CHARITY COMMISSION FOR ENGLAND AND WALES 5t Nicholas Nairobi Fund 1068036 Receipts and payments accounts CC16a For the perbod from To 0110112024 3111212024 Section A Receipts and payments Unrestricted funds to thè n•ar•st Restricted funds Endowment funds Total funds Last year to thè n•ar8st £ to thè n•arnst £ to th• n•ar•st £ to thè n•ar•st £ A1 Receipts Appeals and donations Gift Aid redairned on donation5 59.861 14,131 59,861 14,131 81,758 8,776 Bank interest received 1,347 1.347 1,126 Sub total (Gross income for AR) 75.339 75,339 91,660 A2 Asset and investment sales, (see table). Sub total 75,339 75,339 91,660 A3 Payments Salaries & Bonuses Insurance Repaire an maintenance Administration expenses Educational costs Clothing and rnedical Food and supplies Utilities, travel and luel,rent Advertising AooounlanGy Legal & professional Sundry Bank & donation srte charge5 Foreign exchange Igainsl loss 25.060 350 1,279 678 26.550 1,631 6,669 18.700 25,060 350 1.279 678 26,550 1.631 6,669 18,700 16,661 458 9,226 301 20,285 1.483 4,418 8.717 352 352 343 918 494 4,167 78.515 918 494 4.167 78,515 3,254 438 4.535 70,117 Sub total A4 Asset and investment purchases, {see table) Sub total Total payments 78,515 78,515 70,117 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 3,176 3,176 21,543 161,870 158,695 161.870 158.695 140,327 161,870
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ Restricted funds to nearest £ Endowment funds to nearest £ Categories Details B1 Cash funds Bank accounts 52.259 Expense accounts 3,833 Total cash funds 56,092 lagree balarKe5 %*ith rlPt5 and payments a(xx)unt(511 ob Unrestricted funds to néarèst È Restricted funds to n•arèst £ Endowment funds to nèarèst £ Details Computer B2 Other monetary assets 322 Loan 99 1 Year fix rate bond 100.000 Fund to which asset belon Cost loptionall Current value lonal DetaTIs B3 Investment assets Fund to whlch asset ln Current value tional Details Cost loptlonall B4 Assets retained for the charity's own use Fund to whi¢h relates Amount due tlonal When due tSonal Details Other Creditors B5 Liabilities Signed by one or tsvo trustees on behalf of all the trustees Signature Print Name Date of