Charity Reglstratlon No. 1089628 KENYA ORPHANS FUND & UGANDA PROJECT KOFUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Rickard
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP LEGALAND ADMINISTRATIVE INFORMATION Trustees PB Vvhite B Bennetl O Moore CM O'Keefe SM Fox T Severwright WO OVOr Charity number lo828 Principal addrèss 68 St. John's Road Westcliff-on-sea Essex SSO 7JZ Indopendent examlner Rickard Luckin Limited 1 sl Floor County House 100 New London Road Chelmsford Essex CM2 ORG
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP CONTENTS Pagè Trustees, report Independenl examinerfs report Statement of financial activities Balance sheet Notes to the financlal statements 9-16
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 The trustees present their annual report and financial stalements for the year ended 31 May 2024. The financial statements have been prepared in accordan wth the accounting policies set out in note 1 to the financial statements and comply with the charity's goveffling document, Ihe Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Praclice (amended for bulletin 1 & 2) applicable lo charlt18S prepartng their accounts in accordance with the Finanoial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectives and actlvltles KOFUP'S oblecls are the relief of pov8rty, sickness and dlstress among children and young people living in Kenya and Uganda who are deslitule and lor orphaned by AIDS, by the provision of Ilieir basic needs, training and support. The Iruste8s have paid due regard to guidance issued by the Charity Comrnisslon In deciding what aclivltl8S thè charity should undertake. Achlevements and perforniance The chailly supports local communily initiatives to provide for orphans andlor destitute children and young people In Kenya and Uganda. In the year 2023-2024 we supported slxleen programmes, fourteen in Kenya and two in Uganda. Three trustees vlslted Kenya (al thelr own expense) in NovemberlDecember 2023. In the course of th1$ vlsit they were satisfied that the grants KOFUP has provided have been us8d mosl effectively and conllnue lo make a measurable dlfference lo the lives of many thildren. We are aware that, as mor8 chlldren are brought to the attention of the projects, the need for effectlve inteNentions is growing. The rising cost of Ilving and other economlc factors contribute to a continuing increase in poverty as well as other issues affecting the health, safety and welfare chlldren. especially girls. Durlng the visit, in December, the trustees convened a weekend conference of all our partner organisations in Kenya, with the aim of encouraging fresh moves towards Collaboration and sustainability. In Kenya.. We have conllnued supporting the Alemo community which had expanded to Includ8 five secondary schoo15 through the Alemo Communily Educalion Initiative. KOFUP provided bursaries for over 400 orphaned and impoverished sludents. The Communlty of Pope John XXIII Association Is an outreach project worklng with street-children In slums in and around Nairobi. KOFUP funds support their rehabilitation Ggnlre in Kahawa Wesl. We contribute to pay school and college fees for those who will benefit. The Community also work in the desert region of Turkana in northern Kenya. KOFUP has begun to provide funds for a feeding programme for al least 100 children of the nomadic Turkana communily through the primary School in Moile. We continued lo support the work of KUAP (Pandipieri) in providing for Ihe needs of orphans and vulnerable children and young people from the Slums of Kisumu. Our funds pay school and college fees and provide other educalional requirements. as well as supporting nulritional, medical and counselling needs. In a poor, rural area known as "Raroki. because of the rocky nature of the terrain, a community g8nerated initialive called °Raroki Integrated Child and Community Developmenl Programme. (RICCDEP) has built schools and a medical facility for the people of the area. RICCDEP provides nutrition support and care for the orphans in Ihe community. KOFUP funds pay for school, college and university f8es. As a resull, many children attend secondary and further education, with several studying at universlty.
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 We have continued to fund the °Precious Tears Iniliattve. (PTI) in Sidindi In Siaya Counly. This is a project lo enhance the education, securlty and life-chances of teenage girls through a mentoring and empowerment programme, Its work is expanding, supporting girls in several secondary and prtmary schools. KOFUP funds are making possible training workshops and Ihe establishment of support networks for vulnerable young women. We funded vocational skills tralnlng and business slart-up packs for teenage mothers. Also. workshops for boys are provided lo address male altitudes rlghls girls. KOFUP funds also pay for school, college and universily fees. Through PTI, KOFUP continues to assist the communily of Kasirawa in Homa Bay County, funding Ihe provlsion of school uniforms and supporting wldows with tabie-banking iniliatives and income-generating aclivllies. Sl Luke's Mini-Nursery provides nursery education lo 90 children Irving In th6 Manyatta slum In Klsumu In Weslern Kenya. Families in the slum can ill-afford lo pay the cost of nursery education. St Luke's accepts children into the nursery even If the parents cannot provide necessities. Consequently, there is little money available to buy food. KOFUP'S lunds pay for a feeding programme for the chlldren so thoy 8r6 assured of a decent meal in the day and a small slipend for Ihe volunteer teachers. Sl Chrlstina's Elit8 Prlmary and Nursery School is situated In the lush countryside near the town of Klsll. It is a fee-paylng school, bul reserve8 places for poorer children who cannot afford lo pay. KOFUP'S funding makes up for the shortfall in fees and g08S towards developing th8 farAlilies al the school. We have continued to develop our partnership with the John Wilson Foundation (JOW>. Through JOWI we reach target households with orphanedlvulner8ble children with activities in each of the ft)Ilowing domalns- Health, Education, Safety and EconomiclFood Stability. We contlnued to support children at Sl Peter's Calholic Primary School In Oyugis, with funds for food, and educational necessities. We also paid Secondary School fees for chlldren who had completed primary education. St Sylvester's Secondary School for Girls is situated in the remote and impoverished rural dlstrlct of Rarieda. KOFUP pays boarding fees for 33 students. St Joseph's Rehabilltatlon Centre in Luanda works with street-boys, providing accommodation, education, counselling and care, wlth the aim of reintegrating the children with their families and mainstream schoollng. KOFUP pays fees for Secondary school and Vocational tralning colleges. Raflkl wa Maendeleo Trust, whose °mlsslon Is lo empower communities and build their capacities to create positIv8 change for children and youth within their communily.. provide vocational training opportunities for young men and women in Rarieda Sub-county. A one-off grant from KOFUP made It possible for 72 students to complete an 18-month certified training programme. In Ug8nda: The Kamwokya Chrsslian Caring Community is a slum project providing health care and education for Ihe many orphans and vulnerable chlldren there. KOFUP funds pay school fees for a number of children who would otherwise be unable to access education. We also fund a counselling sèrvice and féedlng progiamme for children who are HIV positNe. We continue to provido bursaries to cover the school fees for destitute children who attend Miiiam Duggan Prlmary School, which serves the Kamwokya slum. The KOFU P charity is managed by Ihe trustees whose aim is to use 100°/o of donatlons for ils charitable purposos. The Iruslees make regular donations to cover all management and administrative expenses.
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 We acknowledge with gratitude the immense support and generosity of those who are committed to contribullng lo KOFUP on a regular basis. In Iweiily-tsvo and a half years up lo 31 sl May 2024, we have made grants tolalling around £1,g74,000. Thg charity's fund-raising activities consist of charity meals, quizzes and art oxhibilions organised by the trustees. as well as activities by supporters. Including sponsored events. collections at schools and churches and birthday parties. elc. Th8 charily does not use Ihe services ol a professional fund-raiser and has nol received any complaints. Flnan¢ial review ResoNes The Iruslees, currenl pollcy is to mainlaln an income reserve of al least £5,000, both to provide for emergency relief and to enable continued funding of projects for a period of a few months. in the event of a decline in donation income. This would allow tlm8 to redress any income reduction through fund-raising activities. Changed circumstances require that the reserv8s pollcy be reviewed by the trustees as soon as possible. The projects funded by KOFUP are not primarily capital in nalure. and requlre an ongoing commltm8nl to meet th8 cost of providing bas1¢ welfare needs on a regular basi8. Grants by KOFUP are paid al varylng intervals throughout the year. As at 31st May 2024, reserves lotalled £2,128,247 (2023: £2,152,308) of which unreslricled reserves tolalled £2,128,145 {2023- £2,152,308) Gra l-rnakin The Iruslees alm to provide regular grants to help fund Ihe baslc welfare requlrements of orphaned andlor deslilute children and young people in Kenya and Uganda. Grants may also be paid for emergency relief as well as capilal projecls whlch provide or enhance welfare facillties. Inveslmenls selection The charity's income reserves are held primaiily within various investments managed by Nucleus Financial Services. Addilionally the charlly'5 Incomo is held on an inlerest-bearing account with CafBank Limited, to ensure that funds are readily avallable for making granls. The Iruslees have assessed the major risks lo which the charity Is exposed, and are satisfied thal systems are in place to miligale exposure to Ihe major risks. structure, governance and management The charity is conlrolled by Its goveming document. a deed of trusl dated 27 Odober 2001 and conslltules an unincorporated charity. The trustees who served durlng the year and up lo the dale of signature of Ihe financial statements wore: PB While B Bennett O Moore CM O'Keefe SM Fox T Severwright WO Owuor The entillemenl to appoint trustees is vested solely in the existing trustees. New truslees are appointed by a resolution of the existing truslees, passed at a special meetin9.
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Statement of trusteès. responsibllities The trustees are responslble for preparing the Trustees, Report and the financial stalemenls in accordance wlth applicable 18w and Unlled Kingdom Accounting Standards (Unlted Kingdom Generally Accepted Accounting Pyaclice). The law applicable to charities England and Wales requires the trustees to prepare financial slalemenls for each financial year whlch give a true 8nd fair view of the state of affairs of the charily and of th8 incoming resources and appllcallon of resourc8s of Ihe charily for that year. In prèparing Ihese financial stalemenls. the Iruslees are required to: selecl suitable accouiillng policies and then apY tham cSiStenI. - observe the methods and prlnclples in the Charilles SORP: - make ludgemenls and esllmales Ihal are reasonable and prudent., slÈle whether applic8ble accounllng slandards have been followed. subj'ect Io any material departures dlsdosed and explained In Ihe fln8nclal stat8menls-, and prepare th8 financlal slatemenls on Ihe golng conc8rn bas18 unless11 Is Inapproprlale lo presume that ihe Charlty wlll conllnue In operatlon. The Iruslees are responslble for keeplng sufficient accounling recoids Ihal dlsclose wllh reasonable accuracy al any time the financial posillon of the charily and enab18 Ihem to ensure Ihal the financial slatemenls comply wilh Ihe Charities Acl 2011, the Charily (Accounls and Reports) Regulalions 2008 and the provi3ions of the Iru81 deed. They are also responslble for safeguarding the ass8ls of the charity and hence for taking reasonable Steps for the prevention and delectlon of fraud and olher irregularities. The trustees, report was approved by the Board of Tru81ees. PB Whlte Chalr of Trustees B Bennell Trustee and Tr8asurer Date:
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KENYA ORPHANS FUND & UGANDA PROJECT I report to the trustees on my examination of the financial statements of Kenya Orphans Fund & Uganda Project (the charity) for the year ended 31 May 2024 which comprise the Slatement of Financial Activities, the Balance Sheet and related notes. Thls report is made solely lo the charity's trustees, as a body, in accordan with section 145 01 the Charilles Act 2011. My work has been undertaken so Ihal I might state to the charity's trustees those malters l am requlred to stale lo them in Ihis report and for no other purpose. To the fullest extent permitled by law, I do not accept or assume responsibilily to anyone other than the charity and the charity's trustees as a body, for my work, for Ihis report, or for the opinions I have formed. Responslbllltles and basls of report As the Irusle8s of the charity you are responsbi le for Ihe preparation of the financial slalements In accordance with the reqLElrèmenls of Ihe Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charills financial statements carried out under section 145 of the 2011 Act. In carrying oul my examination I have followed all the applicable Dlr8Ction5 glven by the Charity Commlssion under section 145(5)(b) of the 2011 Act. An independent examination does not irbvolve gathering all the evldence thal would be raquired in an audit and consequently does not cov8r all the matters that an auditor considers in giving their opinion on Ihe financial stalemenls. The plannlng and conduct of an audit goes beyond the limited assurance thal an independenl examlnalion can provide. Consequently l express no opinion as lo whether Ihe financial statements present a 'lru8 and falr, vlew and my report is limilod to those specific matters sel out in the independent examlner's statement. Independent examiner's Statement I have completed my examination. I confinn thal no matlers have come to my attenllon in conn8clion with thè examlnation giving me Cause to belleve that in any material respect.. accounting records were nol kept in respect of the charily as requlred by section 130 of the 2011 Act; or the financlal statements do not accord with those iecords. or the financlal slalemenls do nol comply with the applicable requirements concerning the form and content of accounts set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requlremenl thal the accounts give a true and fair view which is nol a matter considered as part of an Independent examination. I hav8 no concerns and have come across no olher matters in connection with th8 examlnatlon to which allenlion should be drawn in this report in order to enable a proper underslanding of the financial statements to be re8ched. Caroline Pelers FCA Rickard Luckin Limited 1 st Floor County House 100 New London Road Chelmsford Essex CM2 ORG Dated..
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KENYAORPHANS FUND & UGANDA PROJECT KOFUP BALANCE SHEET ASAT31 MAY2024 2024 2023 Notes Flxed assets Investments 13 2,083,911 1,899,784 Current ass8ts Debtors Cash al bank and in hand 14 5.932 43,564 5.000 252.564 49,496 257,564 Credltors: amounts falllng duè wllhln one year 15 5.160 5,040 Nel current assets 44.336 252,524 Total assets less Current Ilabllltles 2,128,247 2,152,308 The funds of the charlty R&slricl&d income lunds Unreslricled funds - gener81 Unreslrlcled funds - deslgnated 16 102 2,123.559 4.586 2,148,657 3,651 17 2.128.247 2,152,308 The financi81 statements were approved by the Iruslees on . PB Whlte Trustee B Bennett Trustee
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies Charlty Infomiation Kenya Orphans Fund & Uganda Projeci is an unincorporated charity. 1.1 A¢¢ountlng ¢onvention The financial statements have been prepared in accordance with the charity's trust deed, Ihe Charilies Act 2011, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charilies: Statement of Recommended Practice appllc2ble lo charlties preparing their accounts in accordance wllh the Financial Reporting Standard applicable in Ihe UK and Republlc of Ireland (FRS 102). (effective 1 January 20191. The charity is a Publi Benefit Enlily as defined by FRS 102. The financlal statements have departed from the Charlties (Accounts and Reports) Regulations 2008 only lo the extent required to provlde a true and fair view. This departure has involved following the Slaternent of Recommended Practice for charities applying FRS 102 rather than the version of the Slal8m8nt of Recommended Practice which Is referred lo in the Regulations bul which has since been wlthdrawn. The fin8nci81 statements are prepared in sterling, which is the fundional (yjrrency of thè charity. Monetary amounts In these financial statements are rounded to lh8 nearesl £. The financlal statements have been prepared under the historical cost convention. Thg prlncipal aocounllng policies adopted are set out below. 1.2 Golng ¢oncem Al the lime of approving the financial statements, Ihe truslees have a reasonable expectalion that the charity has adequate resources lo contlnue in operational existence for the foreseeable fulure, Thus the Iruslees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable fund8 Unrestricted funds are avallable for use al the discretion of the trustees In furtherance of Ihelr charitable objecllves. Designated funds Gomprise funds which have been sel aside at the discretion of the trustees for specific purposes. The purposes and uses of the d6signaled funds are Set out in the notes lo Ihe finan¢ial stalemenls. Restricted funds are subjed lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are Sel oul in the notes to the financial slatemenls. 1.4 Income Income is recognised when the charily is legally entltled to it afler any performance conditions have been met, the amounts can be measured reliably. and it is probatrAe Ihat income will be received. Cash donations 8re recognised on reipl. Other donations are recognised On the charily has been notified of the donation, unless perforrnance conditions require deferral of Ihe amount. Income lax recoverable in relation to donallons received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expendlture Liabilities are recognised as soon as there is a legal Of constructive obligation committing the Charity to the expenditure. All expenditure is awounted for on an accruals basis and has been classified under headings that aggregale all costs related to that category. Charilable expenditurè comprises those costs incurred by the Charily in the delivery of Its activlties and services for ils beneficiarie5. 11 includes both costs Ihat can be allocated directly to such activities and those costs of an indirect nature necessary to supp¢)rt Ihem.
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accountlng policles (Contlnued) Governance costs are the costs associated wlth governance arrangements of the charity. These costs are associated with constitutional and statutory requiremenls. 1.6 Flxed asset investments Flxed assel inveslm8nts are initially measured al Iransaclion prtce excluding Iransacllon costs, and are subsequently measured at fair valu8 at each reporting date. Changes in fair value are re¢ogni8ed in nel Incomel(expendilure) for the year. Transaclion costs are expensed as incurred. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand. and deposits held at call with banks. 1.8 Flnanclal instruments The charity ha5 elected lo apply the provislons of Section 11 'Baslc Fin8n¢ial Instrum8nt8' and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial Instruments are recognised in the charily's balance sheet when the charity becomes party to the contr8clual provisions of Ihe instrument. Flnancial assets and liabilities are offset, with the net amounls presented in Ihe financial slale)menls, when there is a legally enforceable right lo set off the recognised arnounls and there is an intention to settle on a nel basls or lo realise the assel and settle the liability simultaneously. Baslc flnancial assets Baslc financial assets, which include debtors and cash and bank ba18n¢es, are Initially measured 81 transaction price Including transactlon costs and are subsequently carried al amortised cost usSng the effective interesl method unless th6 arrangement cnStI(u1eS a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a markel rate of inlerest. Financlal assets classified as rocoivable within on8 year are nol amortised. Baslc financial Ilabllltles Basic financlal liabilities, includlng creditors are Inlllally recognised at transaction price unle88 the arr8ngemenl conslilules a financing Iransaclion, where Ihe debl inslrumenl is measured al the present valu8 of the future payments discounted al a market rate of inte$1. Financial liabilities classified as payab18 wilhln one year are not amortlsed. Dèbt instruments are subsequently carrled al amortised cost, uslng the effective interest rate method. Derecognltion of financlal Ilabllltigs Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. crttlcal accountlng estlmateg and judgements In the application of the charity'5 accounting policies. the Iruslees are required lo make judgemenls, estimate5 and assumptions aboul Ihe carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumplions are based on hlstorical experience and olher factors that ar6 considered to be relevant. Actual results may differ from these estimales. The estimates and underlying 8ssumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that perÉod, or in the period of Ihe revision and future periods where the revision affects both current and future periods. 10-
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KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Income from investments Unrestricted Unrestrl¢ted funds funds 2024 2023 Income from listed investments Interest receivable 34,009 2,246 29,939 916 36,255 30,855 Expendlture on ralslng fund8 Unrestrl¢ted Unrestricted funds funds 2024 2023 Investment management 3,011 2,9g5 Expenditure on charltable activities Grants and Grants and donatlons donatlons 2024 2023 Dlroct cost8 Grant funding of activilies {see note 7) 220,716 360,920 Share of support and govemance costs (see note 81 Support Governance 485 5,220 5,346 226,421 366,266 Analysls by fund Unrestricted funds - general Unrestricted funds - deslgnated Restricted funds 219,678 5,645 1,098 360,986 5,280 226,421 366,266 12-
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Grants payable Grants 2024 Grants 2023 Grants to inslitulions.. Clemenl Opala Omuka Alemo Mixed Secondary Schi)ol (Orphans, bursaries) John Wilson JOWI Foundation Mlll Hill Sisters Health (Pandipieri) Preclous Tears Initiallve (Glrls Support Network) RICCDEP st Chrisllna Ellte School (Eunlce Malogo) St Joseph's Rehabllilatlon Centre (Luanda) St Lukes Mini Nursery (Slum Kids) Sl Peter's Catholic Parish Volon Community (Streetkids Project) Sylveslers Glrls Secondary School K8mwokya (Slum Orphans Project) St Miriam Duggan Primary School Rafiki Wa Naendeleo Irusl 1,098 21,872 35,822 17,771 18,024 41,011 4,375 1,641 7,532 14,491 8,481 7,314 12,202 1,741 27,340 1,204 27,078 77,712 21,324 13,276 47,107 5,249 1,328 7,599 31,504 29,337 12.963 12,943 3,256 69,042 220,718 360.920 Support costs allocated to actlvltles 2024 2023 Basls of allocallon Support Govom8nc8 Sundry Governance cosls 485 5,220 5,346 5,705 5,346 Analysed between: Grants and donallons 5,705 5.346 Govornance costs includes psyments to the indep8ndent examiner of £5,160 (2023- £4,784)- Trustees None of the trustees {or any persons conne(Xed with them) received any remuneration, reimbursed expenses or benefits from the charily dtjring the year. 13-
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 10 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Tolal There were no employees whose annual remuneration was more than £60,000. 11 Gain8 and losses on Inve$tments Unrestricted Unrestricted funds funds 2024 2023 Galn81(losses> arising on: Revaluation of investments Sale of investments 124,441 12,561 8,856 137,002 8,856 12 Other galns and losses Unrastrlcted Unrestrlcted funds funds 2024 2023 Galnsl(losses) upon.. Foreign exchange 4,484 13,685 14-
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 13 Fixed asset investments Listed Investments Cost or valuation At l June 2023 Additions Valuation chang8S Dispos818 1,899,784 159.518 124,441 (99,832) At 31 May 2024 2,083,911 Carrying amount At 31 May 2024 2,083,911 At 31 May 2023 1,899,784 14 Debtor8 2024 2023 Amounts falling due withln one year: other debtors 5,932 5,000 15 Creditors: amounts falllng duè wlthln one year 2024 2023 Accruals and deferred Income 5,160 5,040 16 Restrlcted funds The reslricled funds of the charity comprise Ihe unexpended balances of donalions and grants held on trust subject to specific condi1Sons by donors as to how they may be used. At 1 June 2023 Incoming resources Resources expended At 31 May 2024 Family support 1.200 (1,098) 102 Family support- donation8 received to support SP6cific parents and dependenls. 15-
KENYA ORPHANS FUND & UGANDA PROJECT KOFUP NOTES'fo THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 17 Unrestrlcted funds - deslgnated These are unrestricted funds which are material to the charltys aclivilies. At 1 June 2023 Incomtng resources ResourGes expended At 31 May 2024 Administratlon expenses 3.651 6,580 (5,6451 4,586 Pravlous year: At 1 June 2022 Incoming Resources resources expended At 31 May 2023 Adminlslratlon expenses 2.011 6,920 (5,2801 3,651 18 Analysis of net assets between funds Unrestricted Unrestricted funds funds general designated 2024 2024 Re8trlctod fund9 Total 2024 2024 Fund balan¢es at 31 May 2024 are rèpregented by: Inveslmenls 2.083,911 Current asS61sl(liabilille5) 39.648 2,083,911 44,336 4,586 102 2.123,559 4.586 102 2,128,247 Unrestrlcted Unre8trlcted funds funds general deslgnated 2023 2023 Restricted funds Total 2023 2023 Fund balances at 31 May 2023 are repre80nted by: Investments 1,899,784 Current assetsl(liabilities) 248,873 1.899,784 252,524 3,651 2,148,657 3,851 2.152,308 19 Related party transactions During thè year Ihe charily enlered into the following transactions with related parties.. The charity received donations totaling £7.610 {2023- £7,408) from the truslees of the charity. The trustees have designated £6,580 of these donations to use for administrative and other necessary costs. 16-