URAFIKI FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Charlty Number 1078505 URAFIKI CONTENTS Page Trustees, Annual Report 14 Independent Examiner's Report Statement of Financial Activities Balance Sheet Accounting Policies URAFIKI TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATION D￿AlLs 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 ACTIVITIE5 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 benefit at our Trustees, meetings. The focus of our attivities remains the awarding of grants in order to support various 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 Projert5 Supported Project5 in Yala. Kenya Urafiki has been supporting projects in Kenya for many years by awarding grants Igiftsl to our partner organisation in 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 projects. 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 values. Both organisations believe in the importance of education and employment to alleviate poverty. The or8anisations work in partnership, have built very close and trusting relationships over the years and value each otherfs ideas and thoughts. Above all there is total trust and with that comes the ability to challenge and listen deeply to each otherfs perspectives. URAFIKI TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 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 carried out by the NGO. We attempt to match individuals in need in Kenya to specific donors in the UK and elsewhere. In addition, the team in Yala identifies community priorities such as housing or the training of young people and liaises with the UK charity about the possibility of funding these activities on a project basis. In 2024 £200.043 was sent to Kenya in cash to finance and assist the schemes described below. A further sum was spent in the UK on computer equipment and sundry essential items not easily obtainable in Kenya. These items were transported to Yala thus incurring additional freight costs. The combined cost of the goods and freight charges was £16,769. Education Sponsorshlp Scheme Yola. Kenya This scheme has seen considerable expansion since it was established. At the end of 20231 beginning of 2024, it had over 221 sponsored secondary school and youth polytechnic students. 71 students completed their secondary education in 2023. 34 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 growin8 up in poverty. Feedlng Scheme, Yala, Kenya This scheme continued to support 85 people who were in need of support due to their advanced age and/or their 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 Rebuildlng Scheme, Yala, Keryo The home rebuilding programme continued and saw the rebuilding or reroofing of 4 homes. Much of the building work was completed by NGO students who. having completed school, volunteered to assist the qualified masons and the cornmunity through this rebuilding work. Oryihans ond Vulnerable Children Scheme Numbers on the scheme remain stable with around 60 sponsored children including those at junior secondary school. 19 children went on to polytechnic or secondary schools. Eve Muliango and the team continue to provide excellent support to the children. Children with Disobilitie5 scheme 5 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. There are also 26 deaf children being educated at a local school for the deaf. It is hoped that by educating children with disabilities, the community's attitudes towards disadvantaged children may change. Hair and Beauty Scheme. This scheme wa5 established to provide some less acadernic former primary and secondary student leaver5 and women without skills in the community with the opportunity to obtain marketable skills. The hair and beauty programme is thrivin8 With the 2025 course full already. The programme currently has 45 students and 2 teachers. URAFIKI TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Agriculture The Urafiki NGO in Kenya has long been looking for ways of making the community more sustainable. The year 2024 saw the sixth cycle of a programme to improve agriculture practices and outputs with the aim of making small farmers independent. Led by Simon. Mercy and Collin5, 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 400. 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, farmer5 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 support named individuals. Huge thanks to everyone for their generosity and loyalty over such a long period of time. Fundraising and awarene55 raising events During the year we held a number of events including coffee mornings, book sales, mince pie sales, and a quiz. Many thanks to everyone who worked on and contributed to the success ofthese events. THANK5 We would like to express our gratitude and thanks to the directors and staff of our accountants, Bick Accountant5 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 TRusfEES' ANNUAL REpoirr YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Charity's Pollcy on Reserves As at 31 December 2024 we held cash at the bank totalling £156,465. All of these funds are unrestricted. At the beginning of 2024 the £17,985 balance on the former restricted funds were transferred to the unrestricted funds following the death of the original donor. In addition to the cash at bank, we expected to receive around £70,000 from gift aid claims, which were available, but not claimed at the year end. Total unrestricted reserves at the year- end were £226,465. Our policy is to keep unrestricted funds to a minimum but we recognise that the charity needs to have a contingency to cover possible unexpetted costs arising from: unexpected exchange rate movements- demands for emergency additional funding caused by poor rains or food price increases and the financial impact 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 c05t 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 37 students starting university or college in 2025 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 2024 and earlier years. some of the expenditure will tske place in 2025 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. Signed on behalf of the Board of Trustees Hctyi 3tr45 12- 10 Mari Davis Chair Date URAFIKI INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF URAFIKI I report to the charity trustees on my examination of the accounts of Urafiki for the year ended 31 December 2024, 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 charitls 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 145151{bl of the Act. Independent examlner'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 sertion 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concernin8 the form and content of accounts set out in the Charities (Accounts and Reports) Re8ulations 2008 other than any requirement that the accounts 8ive a'true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come acro55 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. Signe John B FCCA Independent Examiner Bick Accountants Limited 52 Longbrook Street Exeter EX4 6AH 13 October 2025 Date.. URAFIKI STATEMENT OF FINANCIAL AcfiviTIES YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Incoming resources Voluntary income Donations and legacies Gift aid tax refundable 213.280 21,111 213,280 21,111 163,932 25,147 234,391 234.391 189,079 Activlties for generating funds Various fundraising/awareness events Sales of donated goods 2,899 4,340 2,899 4,340 2,005 7,239 7,239 2,005 Investment income Bank interest 2,835 2,835 1,523 Total Incomin8 resource5 244,465 244,465 192,607 Resources expended Charitable activities Grants paid to Urafiki Community Linkage NGO in Kenya Charitable expenditure and freight costs 200,043 16,769 200,043 16,769 200,077 9.640 Total resour￿5 expended 216,812 216,812 209,717 Net incoming/(outgoing) resources before transfers 27,653 27,653 117,110} Gross transfers between funds 17,985 117,9851 Net incominglloutgoingl resources after tran5fer5 45.638 117,9851 27,653 117.1101 Total funds brought forward 180.827 17,985 198,812 215.922 Total funds carried forward 226,465 226.465 198,812 URAFIKI BALANCE SHEEr YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Current assets Debtors Cash at bank 70,OC() 156,465 70,0(X) 156,465 115,000 83,812 Total current assets 226,465 226,465 198,812 Funds of the charity Unrestricted funds Restricted funds 226,465 226.465 180,827 17,985 Totsl funds 226,465 226,465 198,812 The above Balance Sheet and Statement of Financial Activities were approved by the Trustees on and signed on their behalf by N Bamber Trustee URAFIKI NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 BASIS OF ACCOUNTS These accounts have been prepared on an accruals basis with the 2023 comparative year being restated to reflect the change from the previous receipts and payments basis. The accounts comply with the Charities Act 2011 and Accounting and Reporting by Charities - Statement of Recommended Practice ISORP 20051. TRusfEES' REMUNERATION AND EXPENSES No remuneration directly or indirectly out of funds of the charity was paid or payable for the year to any 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 of the year arose from a major donation in 2011. Very sadly. the major donor died in July 2022. In accordance with the donor's wishes the balance on the restricted funds were transferred to the unrestricted funds at the beginnin8 2024 and thus made available for the general object5 of Urafiki.