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|||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|
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||||||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|
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||~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|
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|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%|
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||||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|
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