URAFIKI FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Charity Number 1078505 URAFIKI CONTENTS Page Trustees, Annual Report Independent Examiner's Report Receipts and Payments Account Statement of Assets and Liabilities Accounting Policies URAFIKI TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINisfRATION DETAILS Registered Charity Number 1078505 Principal Address 12 Waverley Avenue Exeter Devon EX44NL Trustees Mari Davis (Chairl Maggie Bamber Norman Bamber Jeannette Fear Chris Gill Liz Grayson Chris Miller Imelda Wightman STRucfuRE, GOVERNANCE AND MANAGEMENT The charity is governed by a constitution dated 29 April 1999 as amended on 16 November 1999. Trustees are appointed or reappointed annually at the Annual General Meeting. OBJECTIVES AND AcfiviTIES The objects of the charity are the advancement of education, the relief of sickness, the protection of health and the relief of poverty of the people of Africa. In planning our activities for the year we keep in mind the Charity Commission's guidance on public benef it at our Trustees, meeting5. The focus of our activities remains the awarding of grants in order to support variou5 projects in Africa. This benefits the people of Africa through the prevention or relief of poverty. the advancement of education and the advancement of health and social care. ACHIEVEMENTS AND PERFORMANCE Projects Supported Projects In Yalu, Kenya Urafiki has been supporting projects in Kenya for many years by awarding grants Igiftsl to our partner organisation n Kenya, which is known as Urafiki Community Linkage NGO INGOI. The NGO 15 a formally registered Kenyan legal entity with similar status and objects to a UK charity. The NGO works with the very deprived local community in Yala, to identify needs and provide support and solutions by setting up and managing various project5. Although Urafiki and the NGO are separate organisations with different roles and a different geography, they work in very close collaboration. The ways of working together are based on a common purpose and shared val- ues. Both organisations believe in the importance of education and employment to alleviate poverty. The organ- isations work in partnership, have built very close and trusting relationships over the years and value each other's idea5 and thoughts. Above all there is total trust and with that comes the ability to challenge and listen deeply to each other's perspectives. URAFIKI TRUSTEES. ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Accountability to funders is of course crucial. The trustees make regular visits to Kenya and make weekly WhatsApp or Teams calls to liaise with the NGO directors. The NGO finds vulnerable children and adults who require support. The number of adults and children who are to be supported by each project is agreed each year. The directors of the NGO then produce detailed budgets setting out the expected cost of supporting these people. Urafiki then raises money from sponsors and donors in the UK and other countries to fund the work car- ried out by the NGO. We attempt to match individuals in need in Kenya to specific donors in the UK and else- where. In addition the team in Yala identifies community priorities such as housing or the training of young peo- ple and liaises with the UK charity about the possibility of funding these activities on a project basis. In 2023 £209,717 wa5 sent to Kenya in cash and/or goods to finance the schemes described below. Educution 5ponsor5hip Scheme Yala, Kenya This scheme has seen considerable expansion since it was established. At the end of 20231 beginning of 2024, it had over 223 sponsored secondary school and youth polytechnic students. 70 students completed their secondary education in 2023. 28 post- secondary students then moved onto voluntary work in the Yala community whilst awaiting places at university, colleges and polytechnics. Other students sought employment. The scheme's success reflects the hard work of the students,. the support provided by the Yala NGO team and the continuing generosity of sponsors. We anticipate that the success of these students will continue to have a positive impact on the whole community in Yala by raising the aspirations of other young people who are growing up in poverty. Feeding Scheme, Yalo, Kenya This scheme continued to support 110 people who were in need ofsupport due totheir advanced age andlortheir HIV/Aids status. There was a monthly gathering of the people on this scheme who were given a communal meal. At the conclusion of the meeting, they were provided with a bag of staple foods to take home. Home Rebuilding Scheme, Yolu, Kenyo The home rebuilding programme continued and saw the rebuilding or reroofing of 7 homes. Much of the building work was completed by NGO students who, having completed school, volunteered to assist the qualified masons and the community through this rebuilding work. Orphans und Vulnerable Children Scheme Numbers on the scheme remain stable with around 62 sponsored children including those at junior secondary schoo5. 19 children went on to polytechnic or secondary schools. Eve Muliango and the team continue to provide excellent support to the children. Children with Disabilffties scheme 11 children are on the scheme and are benefitting hugely from educational opportunities. The Yala team have succeeded in obtaining places in suitable schools for the children and have also managed to arrange transport for them. It is hoped that by educating children with disabilities, the community's attitudes towards disadvantaged children may change. Hair ond Beauty Scheme. This scheme was established to provide some less academic former prirnary and secondary student leavers and women without skills in the community with the opportunity to obtain marketable skills. The hair and beauty programme is thriving with the 2024 course full already. The programme currently has 58 students and 2 teachers. URAFIKI TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Agriculture The Ur3fiki NGO in Kenya has long been looking for ways of making the community more sustainable. The year 2023 saw the fifth cycle of a programme to improve agriculture practices and outputs with the aim of making small farmers independent. Led by Jimon, Mercy and Collins, the project is going very well with the scale increasing gradually. It started with 10 farmers, expanded to 25, then 65 and is now up to 300. Farmers are provided with a mix of grants and loans with the aim of repayments coming from increased harvests. Trustees are optimistic that one day. an expanded agriculture scheme could cover a large proportion of Yala households transforming the lives of those families and of the whole community. There has been increased emphasis on evaluation and the data shows that, on average, farmers saw harvests which were 102% bigger than the year before. INCOME Donatlons The overwhelming majority of Urafiki's work is sUPPOrted by donations, including the hundreds of people who make regular contributions to SLJpport named individuals. Huge thanks to everyone for their generosity and loyalty over such a long period of time. Fundraising and awareness raising events During the year we held a number of events including coffee mornings, mince pie sales, and 2 talks. Many thanks to everyone who worked on and contributed to the success of these events. THANKS We would like to express our gratitude and thanks to the directors and staff of our accountants, Bick Accountants Limited, for their help and guidance. We would also like to thank them for the generous support of our work, by declining to charge a fee for their services. URAFIKI TRUSTEES. ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW Charity's Policy on Reserves As at 31 December 2023 we held cash at the bank totalling £83,812. Of this, £17,985 was in restricted funds with £65,827 in Eeneral unrestricted funds. In addition, we expected to receive around £115,000 from gift aid claims, which were available, but not claimed at the year end. Total unrestricted reserves at the year-end were £180,827. Our policy is to keep unrestricted funds to a minimum but we recognise that the charity needs to have a contingency to cover possible unexpected costs arising from.. unexpected exchange rate movements; demand5 for emergency additional funding caused by poor rains or food price increase5 and the financial impart of election related violence. We also need to maintain reserves to cover students who are partway through their education when sponsors have contributed the full cost of their education in advance. Due to the success of the secondary scheme there are increasing numbers of students going to university and colleges. With a potential total of 56 students starting university or college in 2024 or later, this represents a significant financial commitment for which reserves will be necessary. Urafiki has received generous donations from sponsors who have expressed a wish to support particular areas of activity. These include facilities for hair and beauty training, an initiative to improve small scale agriculture and projects to improve local water supply and quality. Whilst the funds to support these projects were donated during 2023 and earlier years, some of the expenditure will take place in 2024 and later years. Together with the Yala NGO team, we have identified a number of needs and opportunities which, over the next few years, will be likely to give rise to additional capital expenditure. Given the continuing expenditure, additional capital projects and other issues noted the trustees have reviewed the level of reserves and believe that they are in accordance with the policy set. Sigr)ed on behalf of the Board of Trustees Iq_1-2¥ Mari Davis Chair Date URAFIKI INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF URAFIKI I report on the accounts of Urafiki forthe year ended 31 December 2023, which are set out on pages 6 to 8. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord W￿th those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. John Bi FCCA Independent Exarriner Bick Accountants Limited 52 Longbrook Street Exeter EX4 6AH Date.. URAFIKI RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Restricted Funds Total Fund5 2023 Total Fund5 2022 RECEIPTS Donations and Grants Donations Legacies Gift Aid Tax Refund 163,932 163,932 173,349 9,050 23,422 147 147 164,079 164,079 205,821 Operating Activities to Generate Funds Various fundraisinglawareness events 2,005 2,005 1,927 Investment Income Receipts Bank interest 1,312 211 1,523 529 TOTAL RECEIPTS 167,396 211 167,607 208,277 pAYMETr￿S Charitable Payments Urafiki Community Linkage NGO 209,717 209,717 200,043 TOTAL PAYMENTS 209,717 209,717 2¢JO,043 IPAYMENTS)/RECEIPTS 142,3211 211 142,1101 8,234 Bank Balance5 Brought Forward 108.148 17,774 125,922 117,688 Bank 8alan¢es Carried Forward 65,827 17,985 83,812 125,922 URAFIKI srATEMENT OF ASSET5 AND LIABILITIES YEAR ENDED 31 DECEMBER 2023 Unrestrirted Fund5 Restricted Funds Total Funds 2023 Total Funds 2022 BANK BALANCES Cash at Bank 65,827 17,985 83,812 125,922 TOTAL CASH FUNDS 65,827 17,985 83,812 125,922 OTHER MONETARY ASSETS Gift Aid 115,000 115,000 90,000 115,000 115,000 90,000 TOTAL ASSETS 180,827 17,985 198,812 215,922 The above receipts and payments account and statement of asset5 and liabilities were approved by the Trustees nd signed on their behalf by N Bamber Trustee URAFIKI ACCOUNTING POLICIES YEAR ENDED 31 DECEMBER 2023 BASIS OF ACCOUNTS These accounts have been prepared on a receipts and payments basis and comply with the Charities Act 2011. TRUSTEES, REMUNERATION AND EXPENSES No remuneration directly or indirectly out of fund5 of the charity was paid or payable for the year to anv Trustee or to any person or persons known to be connected with any of them. The only expenses reimbursed are for purchases made on behalf of the charity. RESTRICTED FUNDS The balance of restricted funds on hand at the beginning and end of the year arose from a major donation in 2011. Receipts and payments in the year are detailed in the Trustees, Report. Very sadly the major donor died in July 2022. In accordance with the wishes of the donor the balance on the restricted funds were transferred to the unrestricted fund in 2024 and thus made available for the general objects of Urafiki.