TO WHO IT MAY CONCERN; RE : COVENANT HOME TRUST. 

As required please find the report for Covenant Home Trust for the year 2022. 

It has been a very difficult year for everyone due to a lot of challenges we are all facing as a result of Inflation , the war in Ukraine and the mitigating factors the home faces due to financial Implications , we couldn’t have achieved the success we have had if it wasn’t for the partnership of our sponsors who have contributed massively despite the fact that they are facing rising bills to their entire house holds a big thank you to them. 

The board members have worked tirelessly to very high standards and made sure that every child mattered and that they receive all requirements needed both at home and in School as there is significant progress that shows  what they have achieved in education , in their day to day life styles . Sadly, we had to make arrangements to pay school fees in instalments, due to a lack of funds.  In 2020 we received £40,963 in donations but that was down to £33,315 in 2021 so some hard decisions had to be made, the girls had to be moved into Mambelo instead of in a separate unit to reduce rents and the Social Worker had to be let go. 

We have Children ranging from 2 to 26 years both boys and girls, they have all been looked after from a small age and the progress in their lives has been good ,we have a duty of care for each one of them. 

We have a continuous plan for older children to exit the home after completing their studies through an appropriate financial facilitation in line with the Children and Department laws and rules governing the Childrens Home and Non Government Organisations. 

We will continue to serve and work hard for the Children in our care in years to come. 

Regards, 

Eddie Kasibante . 

Chair Person. 



COVENANT COMMUNITY BASED ORGANIZATION
PROJECT AUDIT FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Owenga & A550Cl3tes
Certified Public Accountants IKI
P. O. Box 2553 - 40100.
KISUMU
Cell.. +254 721867 021
+254 733 836 107

Covenani Community Based Organizarion
Annual Report and Financial Repor¢for ihe year
Ended 31 December 2021
Con¢ents
Page
Board information
Board report
Auditors report
Income statement
Notes to financial statement
Detailed operation5 January- December 2021
Operations July 2021- December 2021
Operatlons January 2020- December 2020

Page I
Covenant Community Based Organizafion
Annual Reporl and Financial Reportfor rhe year
Ended 31 December 2021
Organization's Information:
Covenant Community Based Organizalion is a registered under The Stste Department
of Labour. Social Security and Services registration No. 34091 On 17th May 2013.
Principal Activities
To support education of unde￿rivileged children and youth to access education and to
acquire skills that can enable them defend for their livelihood in future.
Board Members
The members of the Board at the time of signing this report were:
l ) Debra Asewe
Chairperson
2) B¢nard Olubero
Assi. Chair
3) Kennedy Okoih
Secretary
4) Antony Gondi
Member
5) Kenneih Devines
Member
6) Bealrice Akoth
Member
7) Winnie Achieng
Member
8) Victor Devines
Member
Independent auditors:
Owenga & Associates
Certified Public Accountanls (K)
Hamilton House, I st Floor
P. O. Box 2553- 40100
Kisumu,
Kenya

Covenap71 Community Based Organiza¢ion
Reporl and Financial Reportfor the year
Ended JI December 2021
Page 2
The Management Board of Covenant Community B&sed Organization is required lo prepare a
financial report for the applicabl¢ reporting period. This fllwcial report must give a true and fair
view of the state of affairs of the organization as at th¢ end of that period and of the operating
results for the period. The donors also require Covenant Community Based Organization lo keep
proper accounting records which disclose. wilh reasonable accuracy. the financial position of the
organizalion. They are resFK)nsible for safeguarding the assets of the organization.
The Management Board accepts responsibilily for the annual financial statements, which have been
prepared using appropriate accounting polici¢s supported by reasonable and prudent judgmenls and
estimates, in conformity with ihe donors reporting requirements and Covenant CoTnmunity Based
Organization financial reporting frdmework. The Management Board is of (he opinion Ihal the
financial statements give a true and fair view of the state of the fjnancial slalements of the
organization and ils operating results. The Management Board further accepis responsibility for the
maintenance of accounting records which may be relied upon in the preparalion of financial
statements, as well as adequate systems of internal financial control.
The financial report set out on page 4 was approved by the managemeni board on 1 Q..10:.2022 and
were signed on its behalf by..
Chairman.....
Treasurer..

Page 3
Owenga & Associates
Certified Public Accountants (K)
P. O Box 2553-40100 KISUMU
Phone: 0721867021, 07.1.1836107
INDEPENDENT AUDITORS, REPORT
We have audited the expendiiure and revenue as stated in the Financial Report of the
Covenant Communily Based Organization for the year ended 31 December 2021 which is sel
out on page 4.
Audi¢ responsibility
Our responsibility IS to express an opinion on these financial statements based on our audil.
We conducted our audit in accordance with International Standards on Audiling 800 (ISA
800). This standard requires that we plan and perfomi the audit to obtain reasonable assurance
whether the slatemenl of income and expenditure is free from material misstatement.
An audit involves perforniing procedures to obiain audil evidence about the amounts and
disclosures in ihe financial slalemenls. An audit also includes assessing th¢ accounting
principles used and significant estimates made by management, as well as evaluating the
overall slalements presenlalion.
Opinion
In our opinion. the financial report presents fairly. in all material respecis, Ihe expenditure
incurred and income received for ihe organization during the year ended 31 December 2021
and corresponds to the organizaiion's accounting records.
Distribution and Use
Covenant Community Based Organization have requested this report and it is inlended solely
for their inforniation and use and that of iheir donors.
QWEPI
O ASSOCIATE5
P, 0. 80X 2553 40100
Kisuf*lU
Certified Public Aceountants (K)
KISUMU
f .0.￿ce£ll2022

Page 4
Covenant Copnmunity Based Orgartizalion
Annual Repor¢ andFinarycial Reporifor iheyear
Ended 31 December 202]
INCOME STATEMENT
2021
Kes
4,653,747
2020
Ke5
5,756,729
INCOME
Grant
EXPENDITURE
Renl
Food expenses
C. Hse Family unit
Water & electricity
Transport & travelling
School needs
School fees
Vocational needs
Salaries
Entertainrnent
Communicalion
Otrice slalionery
Sponsorship
Energy refill & charcoal
Repairs & maintenance
Transactlon cost
Household items
Medical
Personal grooming
Assistance
Misc¢llan¢ous exp
Audit
License5 & permits
Tot41 expenditure
457,200
855.847
422,606
127.213
543.400
433,247
577.812
870,702
993,598
391.815
147.202
450.182
306,252
344,991
29,149
467.920
15.700
52,609
27,221
511,501
140.578
62.863
18.409
191,826
408,862
51.047
172.835
73.462
20,000
500
5,749,224
294.000
14.145
57,945
25,255
471,197
113.450
17,580
37.854
8,578
32,180
31.110
109,736
40,000
5,500
4,675,855
FUND BALANCE
22,108
7,505
10.10
The Financial report was approved by the management on .............2022
and were signed on its behalf by:
Chainnan
Secretary

Covenani Community B￿ed Organizarion
Annual Repor¢ and Financial Reporifor theyear
Ended 31 Decemher 2021
Page 5
NOTES TO THE FINANCIAL REPORT
l. Summary of Signifjcant Accounting Policies
a) Basis of Pre%entAtion
The financial report is prepared on a cash basis accounting.
Revenues
Revenue is recorded on a cash basis, i.e. when the cash is received. This is a
reflection of the faci thal although promises may be made to the organization,
Covenant Commiinily Based Organization can only count on the donors, support
when il ts acluall>' received.
Expenditure
Expendilure consis1S of expense already incurred and paid. The expenditure
was incurred Plirsuanl to the organizaiion objeclives and subject io the
allocations as per Ihe budget.
b) Functional and Presentg¢ion Currency
The flnancial report has been presented in Kenya shillings (Kes). The functional
cU￿encY is Ken)'a shillings.

111
11
UIIEII
uii
11
IIEIII
IIIEIIIE
111
111
11
11
11
11
11
uii
1111
VNIDDIMINI,

COVENANT COMMUNITY BASED ORGANIZATION
Page 7
2021
July
August September
October November December
Total
Kes
Kes
Kes
Kes
Kes
Kes
Kes
609,513 454,628 312.994 337,159
288,366 2.345.503
INCOME
Grant
342,843
EXPENDITURE
Rent
Food expenses
C. Hse Family unit
Water & electricity
Transport & iravelling
School Deeds
School fees
Salaries
Entertainmeni
Communication
Office stationery
Sponsorship
Energy relill
Repairs & maintenance
Transaction cost
Household ilems
Medical
Personal grooming
Miscellaneous exp
Licenses & pennits
Total expenditure
44,000 44.0(N) 44,OC() 24.IX#)
66,100
83,550
66,CX))
48.449
106.750
45.336
24.800
37.3iXI
10,893
11.447
11.035
16.426
50,550
66,C
35,2C(J
40.31X)
78,943
55.715
17.886
26,179
144,170
10,000
22.750
64,2
24,000
30,000
24,000
24.(KKI
1,800
1,815
1,815
4,000
5,700
5.230
4,190
215
26.550
10,150
24,000
56.502
44.800
5,580
36,450
36,743
21,300
20.CrfXJ
1,000
5,71XI
695
60,550
8,100
3,190
2,989
2,768
1.250
1,300
9.866
24,000
81,251
23,650
6,715
30.900
18,771
204,000
401,852
282,636
62,096
259,400
234,237
262,420
I38,0￿)
7,930
30,880
16,000
246,597
57,550
7,090
19,408
4,708
8,780
21,450
82,892
16,000
1.500
4,650
5,6C
3.9
29,550
11.350
52.200
10,350
1,400
4,222
37,650
40,097
8.700
1.81J)
2,822
4,316
1,540
3,900
400
26.750
2,887
2.172
2.130
250
24.393
100
900
3.ICQ
5,370
15,600
14,486
2.027
609,702 455,508 313,073 337,468
342,783
289,392 2,347,926
Surplu51(deficit)
11891
18801
179)
1309)
11,0261
12,4231
Mpesa bal. at 31112121
457.25
Mpesa bal. at 11712021
769.00

Page 8
Covenanr Community B￿ed Organizaiion
Annual Reporl and Financial Reporifor rhe year
Ended 31 December 2020
Detailed operating activities Jan - De¢ 2020
2020
2020
2020
January - July August-Deeember January - Deceml)er
Kes
Kes
INCOME
Gr#nt
3,985,747
1,770,982
5,756,729
EXPENDITURE
Rent
Food expenses
C. Hse Family unit
Water & electricily
Transport & travelling
School needs
School fees
Vocational needs
Salaries
Entertainment
Communication
Oftice stationery
Sponsorship
Energy refill & charcoal
Repairs & maintenance
Transaction cost
Household iiems
Medical
Personal grooming
Assistance
Miscellaneous exp
Audit
Licenses & pennits
TotAI expenditure
634.302
615.038
280,153
83.020
274,614
251,203
245.141
29.149
341,920
10.500
31,989
21,342
283,197
92,928
41,598
4.100
129,856
398.496
16,047
172,835
2,212
20,000
236.400
378.560
111,662
64.182
175.568
55.049
99.850
870.702
993.598
391.815
450.18?
306.?$2
344.L)91
29.14()
467.()?O
15.700
52.()119
27.??]
511.-$01
140.578
62.863
18.4119
191.¥?6
408.¥()
51.047
172.835
73.4()?
20.000
126,000
5.200
20,620
5.879
228,304
47.650
21,265
14.309
61.970
10,366
35,000
71,250
500
1769,584
500
3,979,640
5.749,224
FUND BALANCE
6,107
98
7,505

COVENANT COMMUNITY BASED ORGANIZATION
PROJECT AUDIT FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Owenga & A550Cl3tes
Certified Public Accountants IKI
P. O. Box 2553 - 40100.
KISUMU
Cell.. +254 721867 021
+254 733 836 107

Covenani Community Based Organizarion
Annual Report and Financial Repor¢for ihe year
Ended 31 December 2021
Con¢ents
Page
Board information
Board report
Auditors report
Income statement
Notes to financial statement
Detailed operation5 January- December 2021
Operations July 2021- December 2021
Operatlons January 2020- December 2020

Page I
Covenant Community Based Organizafion
Annual Reporl and Financial Reportfor rhe year
Ended 31 December 2021
Organization's Information:
Covenant Community Based Organizalion is a registered under The Stste Department
of Labour. Social Security and Services registration No. 34091 On 17th May 2013.
Principal Activities
To support education of unde￿rivileged children and youth to access education and to
acquire skills that can enable them defend for their livelihood in future.
Board Members
The members of the Board at the time of signing this report were:
l ) Debra Asewe
Chairperson
2) B¢nard Olubero
Assi. Chair
3) Kennedy Okoih
Secretary
4) Antony Gondi
Member
5) Kenneih Devines
Member
6) Bealrice Akoth
Member
7) Winnie Achieng
Member
8) Victor Devines
Member
Independent auditors:
Owenga & Associates
Certified Public Accountanls (K)
Hamilton House, I st Floor
P. O. Box 2553- 40100
Kisumu,
Kenya

Covenap71 Community Based Organiza¢ion
Reporl and Financial Reportfor the year
Ended JI December 2021
Page 2
The Management Board of Covenant Community B&sed Organization is required lo prepare a
financial report for the applicabl¢ reporting period. This fllwcial report must give a true and fair
view of the state of affairs of the organization as at th¢ end of that period and of the operating
results for the period. The donors also require Covenant Community Based Organization lo keep
proper accounting records which disclose. wilh reasonable accuracy. the financial position of the
organizalion. They are resFK)nsible for safeguarding the assets of the organization.
The Management Board accepts responsibilily for the annual financial statements, which have been
prepared using appropriate accounting polici¢s supported by reasonable and prudent judgmenls and
estimates, in conformity with ihe donors reporting requirements and Covenant CoTnmunity Based
Organization financial reporting frdmework. The Management Board is of (he opinion Ihal the
financial statements give a true and fair view of the state of the fjnancial slalements of the
organization and ils operating results. The Management Board further accepis responsibility for the
maintenance of accounting records which may be relied upon in the preparalion of financial
statements, as well as adequate systems of internal financial control.
The financial report set out on page 4 was approved by the managemeni board on 1 Q..10:.2022 and
were signed on its behalf by..
Chairman.....
Treasurer..

Page 3
Owenga & Associates
Certified Public Accountants (K)
P. O Box 2553-40100 KISUMU
Phone: 0721867021, 07.1.1836107
INDEPENDENT AUDITORS, REPORT
We have audited the expendiiure and revenue as stated in the Financial Report of the
Covenant Communily Based Organization for the year ended 31 December 2021 which is sel
out on page 4.
Audi¢ responsibility
Our responsibility IS to express an opinion on these financial statements based on our audil.
We conducted our audit in accordance with International Standards on Audiling 800 (ISA
800). This standard requires that we plan and perfomi the audit to obtain reasonable assurance
whether the slatemenl of income and expenditure is free from material misstatement.
An audit involves perforniing procedures to obiain audil evidence about the amounts and
disclosures in ihe financial slalemenls. An audit also includes assessing th¢ accounting
principles used and significant estimates made by management, as well as evaluating the
overall slalements presenlalion.
Opinion
In our opinion. the financial report presents fairly. in all material respecis, Ihe expenditure
incurred and income received for ihe organization during the year ended 31 December 2021
and corresponds to the organizaiion's accounting records.
Distribution and Use
Covenant Community Based Organization have requested this report and it is inlended solely
for their inforniation and use and that of iheir donors.
QWEPI
O ASSOCIATE5
P, 0. 80X 2553 40100
Kisuf*lU
Certified Public Aceountants (K)
KISUMU
f .0.￿ce£ll2022

Page 4
Covenant Copnmunity Based Orgartizalion
Annual Repor¢ andFinarycial Reporifor iheyear
Ended 31 December 202]
INCOME STATEMENT
2021
Kes
4,653,747
2020
Ke5
5,756,729
INCOME
Grant
EXPENDITURE
Renl
Food expenses
C. Hse Family unit
Water & electricity
Transport & travelling
School needs
School fees
Vocational needs
Salaries
Entertainrnent
Communicalion
Otrice slalionery
Sponsorship
Energy refill & charcoal
Repairs & maintenance
Transactlon cost
Household items
Medical
Personal grooming
Assistance
Misc¢llan¢ous exp
Audit
License5 & permits
Tot41 expenditure
457,200
855.847
422,606
127.213
543.400
433,247
577.812
870,702
993,598
391.815
147.202
450.182
306,252
344,991
29,149
467.920
15.700
52,609
27,221
511,501
140.578
62.863
18.409
191,826
408,862
51.047
172.835
73.462
20,000
500
5,749,224
294.000
14.145
57,945
25,255
471,197
113.450
17,580
37.854
8,578
32,180
31.110
109,736
40,000
5,500
4,675,855
FUND BALANCE
22,108
7,505
10.10
The Financial report was approved by the management on .............2022
and were signed on its behalf by:
Chainnan
Secretary

Covenani Community B￿ed Organizarion
Annual Repor¢ and Financial Reporifor theyear
Ended 31 Decemher 2021
Page 5
NOTES TO THE FINANCIAL REPORT
l. Summary of Signifjcant Accounting Policies
a) Basis of Pre%entAtion
The financial report is prepared on a cash basis accounting.
Revenues
Revenue is recorded on a cash basis, i.e. when the cash is received. This is a
reflection of the faci thal although promises may be made to the organization,
Covenant Commiinily Based Organization can only count on the donors, support
when il ts acluall>' received.
Expenditure
Expendilure consis1S of expense already incurred and paid. The expenditure
was incurred Plirsuanl to the organizaiion objeclives and subject io the
allocations as per Ihe budget.
b) Functional and Presentg¢ion Currency
The flnancial report has been presented in Kenya shillings (Kes). The functional
cU￿encY is Ken)'a shillings.

111
11
UIIEII
uii
11
IIEIII
IIIEIIIE
111
111
11
11
11
11
11
uii
1111
VNIDDIMINI,

COVENANT COMMUNITY BASED ORGANIZATION
Page 7
2021
July
August September
October November December
Total
Kes
Kes
Kes
Kes
Kes
Kes
Kes
609,513 454,628 312.994 337,159
288,366 2.345.503
INCOME
Grant
342,843
EXPENDITURE
Rent
Food expenses
C. Hse Family unit
Water & electricity
Transport & iravelling
School Deeds
School fees
Salaries
Entertainmeni
Communication
Office stationery
Sponsorship
Energy relill
Repairs & maintenance
Transaction cost
Household ilems
Medical
Personal grooming
Miscellaneous exp
Licenses & pennits
Total expenditure
44,000 44.0(N) 44,OC() 24.IX#)
66,100
83,550
66,CX))
48.449
106.750
45.336
24.800
37.3iXI
10,893
11.447
11.035
16.426
50,550
66,C
35,2C(J
40.31X)
78,943
55.715
17.886
26,179
144,170
10,000
22.750
64,2
24,000
30,000
24,000
24.(KKI
1,800
1,815
1,815
4,000
5,700
5.230
4,190
215
26.550
10,150
24,000
56.502
44.800
5,580
36,450
36,743
21,300
20.CrfXJ
1,000
5,71XI
695
60,550
8,100
3,190
2,989
2,768
1.250
1,300
9.866
24,000
81,251
23,650
6,715
30.900
18,771
204,000
401,852
282,636
62,096
259,400
234,237
262,420
I38,0￿)
7,930
30,880
16,000
246,597
57,550
7,090
19,408
4,708
8,780
21,450
82,892
16,000
1.500
4,650
5,6C
3.9
29,550
11.350
52.200
10,350
1,400
4,222
37,650
40,097
8.700
1.81J)
2,822
4,316
1,540
3,900
400
26.750
2,887
2.172
2.130
250
24.393
100
900
3.ICQ
5,370
15,600
14,486
2.027
609,702 455,508 313,073 337,468
342,783
289,392 2,347,926
Surplu51(deficit)
11891
18801
179)
1309)
11,0261
12,4231
Mpesa bal. at 31112121
457.25
Mpesa bal. at 11712021
769.00

Page 8
Covenanr Community B￿ed Organizaiion
Annual Reporl and Financial Reporifor rhe year
Ended 31 December 2020
Detailed operating activities Jan - De¢ 2020
2020
2020
2020
January - July August-Deeember January - Deceml)er
Kes
Kes
INCOME
Gr#nt
3,985,747
1,770,982
5,756,729
EXPENDITURE
Rent
Food expenses
C. Hse Family unit
Water & electricily
Transport & travelling
School needs
School fees
Vocational needs
Salaries
Entertainment
Communication
Oftice stationery
Sponsorship
Energy refill & charcoal
Repairs & maintenance
Transaction cost
Household iiems
Medical
Personal grooming
Assistance
Miscellaneous exp
Audit
Licenses & pennits
TotAI expenditure
634.302
615.038
280,153
83.020
274,614
251,203
245.141
29.149
341,920
10.500
31,989
21,342
283,197
92,928
41,598
4.100
129,856
398.496
16,047
172,835
2,212
20,000
236.400
378.560
111,662
64.182
175.568
55.049
99.850
870.702
993.598
391.815
450.18?
306.?$2
344.L)91
29.14()
467.()?O
15.700
52.()119
27.??]
511.-$01
140.578
62.863
18.4119
191.¥?6
408.¥()
51.047
172.835
73.4()?
20.000
126,000
5.200
20,620
5.879
228,304
47.650
21,265
14.309
61.970
10,366
35,000
71,250
500
1769,584
500
3,979,640
5.749,224
FUND BALANCE
6,107
98
7,505