2021-12-31-accounts

		Contents	Page No.
Report ofthe Board of	Trustees		2-3
Statement of Board of	Trustees'	Responsibilities
Independent Auditors'	Report
Income & Expenditure	Account
Statement of Financial	Position
Statement ofCash Flows
Accounting Policies
Notes to the Financial	Statements		10-11
Detailed Income & Expenditure		Account	12

					2021	2020
					She.	Shs.
Donations	received				24,457,703	21,637,932
Less: Expenditure					(25,507,476)	(21,082,685)
Operating	(deficit)/surplus				(1,049,773)	555,247
			Statement	of Reserves
Accumulated fund balance brought		forward			26,952,845	26,397,598
Prior year	adjustment				(4,964,775)
Transfers	to general reserve				11,143,831
(Deficit)/Surplus for the year					(1,049,773)	555,247
Accumulated fund balance canted		forward			32,082,128	26,952,845

	~Not s	2021	2020
		Shs	Shs.
Nonwurrent assets
Property, plant 8 equipment	2	24,896,755	25,807,401
Current Assets
Cash and Bank		6,371,803	353,311
Other Receivables		860,263	825,203
		7,232,066	1,178,514
Current Liabilities		46,693	33,070
Net assets		32,082,128	26,952,845
Financed by:
Accumulated funds		20,938,297	26,952,845
General reserves	1	11,143,831
		32,082,128	26,952,845

				Sue Hayward	Sue Hayward	- Happy House	- Happy House
				Statement		ofCash Flows
				Year ended	31 December 2021
					2021		2021	2020	2020
					Shs		Shs	Shs	Shs
Operating activities
(Deficit)/Surplus for the	year						(1,049,773)		555,247
Adjustments for.
Prior year adjustment							(4,964,775)
Depreciation							1,068,831		1,209,783
Operating (deficit)/surplus	before working						(4,945,718)		1,765,030
capital changes
other payables other receivables				13,623 ~30,060 ~21,437				33,070 ~396.949	~365,5791
Cash (used in)/generated	from operations						(4,967,155)		1,399,151
Income taxes paid
Net cash (used in)/generated		from operating		activities			(4,967,155)		1,399,151
Investing activities
Purchase ofproperty, plant		&equipment	(Note 1)				(158,185)		(2,228,196)
							(158,185)		(2,228,196)
Financing activities
Net receipts during the year							11,143,831
Net cash from financing	activities						11,143,831
Net movement in cash	&cash equivalents						6,018,491		(829,045)
Cash &cash equivalents	at	start ofyear					353,311		1,182,356
Cash &cash equivalents		at end ofyear (Note 3)					6,371,803		353,311

Depreciation is provided to write o useful lives on a reducing balance	ff the cost ofth basis at the fo
Land	-0%
Motor Vehicles	-25%
Motor Bikes	12.5%
Furniture & Fittings	12.5%
Machinery & Equipment	12.5%
Green House	125%
Computers &Accessories	30%
Text books	-0%

		9
							CI						CI
		e	8		g o		Cb						Cb CO
		L		5			CO	CI CI					CI
								7
													Ol
							CO	CO
							CI
		$$ 0 6 z			g		CI C CI			Io CI
										CO
											Ot
C0		0 IO	5	IOEO 0' IU	IO OI						lo			CO CI
Oh Z g
R tl Z 0		0 (o C E- U			g Ot							CO'J CII	CO CI
		IL	oO										Ot
u)0 CO 0		O 09	g OO		'g lo Ol					IIo Co O! CO	CI cl'
								Cl CI			OI	Cl
		O&0$			IO						CO CII CII
								ID			CO ID	CII CI
		D	p				CD 0!	CO 0!			Co	ID CO CI		'J
			CO				CI							CI
														Ot
						0! CI
	E
	CC							CI				C! CI	C	CI CII Cl
						m		CII				CII	CII	CII
										CII
	CO									ID	O! dl
	0							E 8		IG	Cl	E8		E 8
	CL					llC0	8m O Z		0 0 0 al CI	C 0I Gl rn &	0 OtP CO	CI		CI

			2021	2020
			Shs.	Shs.
	General reserves
	Balance at start ofthe year
	Receipts during the year		18,286,418
	Transfers to income &expenditure	account	(7,142,587)
	Balance at end of the year		11,143,831
	Receivables
	Other Receivables		860,263	825,203
5.	Cash and Bank
	Cash in hand		30	12,211
	Cash at bank		6,371,773	341,100
			6,371,803	353,311
	Current Liabilities
	Other creditors		46,693	33,070

	'
	2021	2021	2020	2020
			ghs.
Donations received		7,142,587		16,956,200
Other income		17,315,116		4,681,732
		24,457,703		21,637,932
u8 6i6
Motor running expenses	3,539,680		3,445,028
Telephone, postage & internet	435,910		476,367
Repairs &maintenance	1,677,769		1,381,073
Food programme	3,251,373		3,009,359
Water &eleclricity	624,964		604,107
Transport	207,750		96,330
Salaries &wages	10,637,704		8,505,525
Director's expenses	876,811		521,324
Entertainment	71,458		87,906
Printing &stationery	331,578		576,632
Garden expenses	50,560		116,190
Students' utilibes	252,614		207,777
Medical expenses	86,675		95,903
Bank charges	49,073		89,043
Security	98,800		28,700
Bookkeeping &Accountancy fees	75,000		80,000
Cleaning &Sanitation	80,700		78,415
Books & learning material	1,274,606
Legal &professional fees	338,830
Generator expenses			2,500
School fees	386,790		289,877
Rent and rates	90,000		120,000
Miscellaneous Depredation	1,668.831	~25 5D74763.	. 60,846 1,209,783	(21,082,685)
(Deficit)/Surplus for the year		(1,049,773)		555,247