## **Children of Watamu Trustee Report 2022 – 2023** 

Registration No: 1098731 

Address: Watamu, Kilifi County, Kenya 

Trustees: 

Dave Hayward – Non Executive Director & Chairman 

Rose Pendo  - Director 

Chloe Groves – Treasurer 

Velma Kazungu – School Administrator 

Silas Karisa 

Dawn-Heather White 

Peter Reid 

Chris Franklin 

Paul Hatch 

Grace Dunbar 

## **Introduction** 

The Children of Watamu Happy House is registered as a Children’s Home with the Charity Commission for England and Wales. The Home is also registered as a Charitable Children’s Institution (CCI)  in the Republic of Kenya CS No 000573. The Happy House was established in March 2010 by Sue and Dave Hayward who were regular visitors to Watamu. Within a few months of opening the number of children living in the Happy House was 104 but, through extensive work with the local community and in tracing members of extended family, this number has been reduced to an average of 50 children at any one time. Some of the children have been abandoned, some have lost parents through illness, some have been abused and some were referred by local children’s groups and communities as mothers could not afford to feed them and their children were at risk of starving. 



In keeping with the National Care Reform Strategy for Children in Kenya 2022 – 2032, the Happy House continues to provide a safe, secure and homely environment while attempting to repatriate children back into local communities, where possible. The Happy House also established the Happy House School which is attended by both Happy House children plus fee paying students which further helps with community integration as the children develop networks outside of their home. 

## **Structure** 

The Happy House Trustees meet on a quarterly basis. As four of the Trustees are based in Watamu and five are based in the United Kingdom, meetings take place via zoom and then minutes are emailed to the group within a few days. Initially the Trustees’ meeting took place on a monthly basis until the new Trustees appointed to join the Board became more familiar with their roles and responsibilities and the group had developed close working relationships. There are standing agenda items which include Financial Updates, Governance Issues, and progress reports on the annual Development Plan and annual Quality Improvement Plan. The Director, Non-Executive Director and School Administrator are also members of the local Management Board and they meet on a weekly basis. 

## **Activities and Objectives** 

The Development Plan 2022 – 2023 had six Key Aims which addressed the Policy Changes, provided for Quality Monitoring and Improvement and also looked at future potential developments. The Key Aims were: 

1. To familiarise staff with the new Guidance for Children’s Charitable Institutions (CCIs) and implement any new requirements and changes in practice to ensure ongoing Registration of the Happy House. 

2. To prepare the Happy House School for the continued rollout of the new Competency Based Curriculum (CBC) in January 2023 

3. To agree and implement a Quality Improvement Plan focussing on three key areas – the Trust Board; Quality Audits; Recommendations from the Department of Children’s Services Inspections. 

4. To prepare and cost an environmental improvement plan, to include buildings, land and vehicles and allocate the appropriate budget. 

5. To explore the possibility of developing a facility for Supported Independent Living for children leaving the Happy House at the age of 18. 



6. To further develop sporting facilities for the Happy House School (a requirement of the CBC). 

As noted, Key Aim 3 was to agree and implement a Quality Improvement Plan 2022 – 2023. The actions in the Improvement Plan included: 

- Develop an Information Pack for the new members of the Board of Trustees 

- Compile brief Quality Audit checklists covering four identified areas taken from the standards described in The National Standards for Best Practices in Charitable Children’s Institutions 2013. 

The four Audit Checklists were: 

1. Right to Nutritious and Adequate Food 

2. Access to Water, Sanitation and Promotion of Hygiene 

3. Children’s Accommodation 

4. Fire Risk Assessment and Fire Breakouts 

## **Achievements and Performance** 

All the Aims listed in the Development Plan have been realised. However, there was a delay in receiving the Re-Registration Certificate due to Departmental problems. Like the majority of CCIs in the area, the local Registration of the Happy House had lapsed and at a recent Malindi Network meeting, it was reported that only 3 out of 17 CCIs had up to date registration. Some members of the Happy House Trustee Board met with the District Director of Children’s Services based in Kilifi to try to expedite the Registration and, despite our efforts, further delays were experienced. In the meantime the Children’s Office continued to refer children to the Happy House and occasional inspections were made. The Quality Audits carried out by Trustees of the Happy House were an attempt to ensure standards were maintained in the absence of a robust monitoring and inspection programme by the Children’s Office. This shortfall was acknowledged in the Kenya National Care System Assessment in July 2020 which noted, ‘’Overall, there is a monitoring mechanism for DCS to do inspections provided for within the Children’s Act, however regular monitoring/inspections per the regulations are not often occurring”. 

An Outline Business Case was prepared for the development of Supported Independent Living for children leaving the care of the Happy House and a site was identified and purchased. This had been added to the Register of Assets. A target for 2023 – 2024 is to secure additional funding and build on the site and fund-raising is underway. 



The Happy House managed to purchase a plot of land for sporting facilities adjacent to the school and this has also been added to the Register of Assets. The school underwent and Inspection in November 2022 and was successful in being accepted to provide education at Junior Secondary School level under the new CBC as an extension of the existing Primary School and the first pupils started at the end of January 2023. There is a weekly meeting involving the Director, Non-Executive Director, School Manager, Head Teacher and Administrator plus any visiting Trustees to monitor progress and deal with any issues. 

In respect of the Quality Improvement Plan, a Trustee information pack with links to useful sites such as the Charity Commission website was circulated to all the Trustees. The four Quality Audits were completed by visiting Trustees during the year with one of them being checked on two occasions. Part of the audit involved talking to both children and staff as well as completing checklists based on direct observations. This proved very useful e.g. the House Aunts raised an issue about the night shift workload so a meeting was held with them to hear their suggestions. This resulted in a new working pattern that was of benefit to both the children and the staff. Involving staff in weekly meetings and taking on board their ideas and suggestions has improved job satisfaction and staff retention. Consistent staffing is vital for the children who have experienced many losses and separations in their lives. 

## **Assets and Budget** 

Funding comes from established sponsors plus one-off payments as a result of fundraising activities. Details are included in the Accounts and are monitored by the Board of Trustees. The two new plots of land have been added to the Register of Assets. 

## **Challenges and Restraints** 

It has been a difficult time financially due to the reduction in tourism because of COVID and also the rise in the cost of living. Visitors frequently visited the Happy House and would have brought toiletries, clothing, books, stationery and sometimes food such as sacks of beans and ugali. The reduction in visitors has meant that the Happy House has had to work within the existing budget while prices continue to rise. However this has started to improve and sponsors have continued to support the Happy House with fund raising events for which we are grateful. 



## **Future Plans** 

Plans for this year include consolidating the new Junior Secretary School, continuing to fundraise for the development of the Semi Independent Living Accommodation and focussing on preparing the older children for reintegration into the community where possible. Quality Audits will continue to be carried out based on the standards for Charitable Children’s Institutions.  This will be included in the Development Plan 2023 – 2024 and will be reported on in next year’s Trustee Report. 

## **David Hayward** 

## **Chairman** 

## **February 2023** 



Sue Hayward - Happy Hou8•
Annual Report and Flnancial Statements- YIE 31n2r2022
At an avera9E exchange late DI 146 Kenyan Schillings to Ihe £ S18rllrvJ
Income and Expendlture Account- YIE 3111212022
2D22 £
153,1¥6
158,90
15,7
21£
161.572
16B,924
6,95
Less: Expendiiur•
OppvHting IDe11cJtl/surp￿￿
Stalement ol Resorves
YoarendEd 31 December21Y22
2tr41 £
100,891
10,952)
15,172)
Aeeumulated FurKI BH1￿cE Brought FoThRrd
IDeficitySurplus fDr the Year
Ex¢h•ng8dlfference
Prlor YearAdju8tm*
Ar¢umulated Fund 8al8nce CarTl8d Fotrward
14780)
8.597
12,505
2N688
Delailed Income and Expendlture Account- y￿ 31n2r2022
Donallon8 R8C8ivod
Olher Incom8
72,063
01,060
153,123
47,302
114,670
161,972
Expertdittiro".
Motor Aunnino Expenditure
To16phonÈ, Postay• •nd Inlernol
Repairs and Malntenance
Fovd Prograrnrne
W*er and Eleclrlctty
Transport
Salarfeg and Wage8
Dlrector's Expen$¢g
Entwtainmenl
Printing ar￿ Stalionery
Gardèn Exp8ns•s
Studenls, iJtiiitl66
IAodlcal Expertses
Legal & Expen
Bank ChargeÈ
8ecurlty
BgokkEeplng & AGMuntancy F888
cl￿nIng Bnd Sanmlon
G¢n¢rator Expenses
Books ond Loaming M8tert4
ehoDI Fees
Ront and rateB
Ml8cdlaneous
Ucens8 and pèrmMÉ
Forelgn Exchange loss
Oepredatlon
15,599
Yd,442
&OM
2&778
21,532
4.139
1,376
70,44
5,807
478
1196
335
1,673
514
1244
325
654
497
534
77,188
1777
441
1581
441
1562
2,833
133
131
6.8D6
159,903
7,078
168,924
IDefioitl18urplu¥ IDrthe Year
6.95

Sue Hayward - Happy House
Statement of Flnancial Posltlon - YIE 31112r2022
C1081ng rats 147
2022
2021
Not&s
Non.Current Assets
Propprty, Plant and Equlpment
189,533
162.724
Curtsnt Assets
Cash and B•nk
Other Aecelvabl¢¥
17,102
41.646
23.260
47.269
Current Uabiltllès
805
212,505
209,68B
Flnanced by:
Arcumulat•d Funds
211505
209.688
Noles to the Flnancial Statements
2 Cash and Bank
Cash in Hand
Cash at Eank
119
16.983
17,102
41,646
41,646
3 Reeelvables
Olher Receivables
6.158
5.623
4 Curront Ligbllltles
Othèr ttÈditors
305

CHILDREN OF WATAMU
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022

Children of Watamu
Contents
Paga No.
Report ofthe Board of Tnjstees
stat8mènt of Board of Trustees, Responsibllmles
Indetxndent AuditOTS' Report
Irthmè & Exp8nditure Account
Ststemwl of Finarrial Po51t￿n
statem￿1 of Cash FIOWE
Acc0È￿ting Poli￿e$
Nots$ to the Finan￿al Statements
D¥tailgd Income & Eypenditure Account
12

Chlldren of Watsmu
Report of the Board of Trustees
The organlsation is governed by its by-laws and cnnstrtutes an unl￿Or[M)rated charity.
REGISTERED NAME
Childr¢n of Watamu
Charity No. 1098731
United Kingdom.
PRINCIPAL PLACE OF BUSINESS
Su¢ Hayward- H4)py Housa
P.0. Box 796- 80202
Watamu. Keny
IND&OENDENT AUDITOR
Monda & AsÈoci8te8
Ceftified Public Accountants
P. O. Box 16826- 80100
Mombasa, K•nya
MAIN DONORS
Blackpool Soroptimists
United lQ"ngdom
PRINCIPAL BANKER
NCBA Bank PLC
Malindi. Kert

Children of Watsmu
Report of the Board of Tru$tee$ l¢ontinu•dl
Children of Watamu to provide health e•r¢ hyglene, food-secJJrity and educalion to dEStitsÈt8 ¢hildrgn
In Wotan￿. Kanya and its enwiron8.
Hèalth Gqr8 servicès 8rè by cateiing for tha ¢hlldrgn* medlcal eypenses in various health c8ntr83,
dispensaries and hospltals in the area.
It contributes to foort-security by provldlng fr•• moals to th• noody childrèn.
It olso contrtbulgs lowdrds improvement of educatlon through sp•eific special school projects such as pra￿S￿n of
studylng fvrnllure, s¢hts)I fees, bwks and unifoms to the ngedy children.
The Boarfl of Trust8as mèèt lour tim85 8 year. The chairparson Is rosponslble for thè general policy guid81￿8$
relallng to the •ffaiTs of th• organisation provid8d in tha eA)nstilution_
Nolhlng has come to the altenlton of th• 8o•rd of Truste88 to Indicat& that thè c4YJ8nl$altsn will not remaln a
going concem for th8 nèxt bmelve month8 from the date ol this st8tem&nt.
Th8 Board of Tfusto&s have gI￿n assurance of thair continued support to the organlsalion for the for•soè4bl¢ fvture.
Baséd on this, thè BoArd of TN8te8s h8V8 Cons￿Ored It approprfale Icj prepare these financi•l statements on
8 golng concern ba¥l$.
Board ol TN•te
Ms. R. Pendo
Mr. C. Franklbr)
Mr. Da¥ld Hayw8rd
Mr. P0t&r R•ld
Ms. Graee thjnb
Mr. Chlots Grgvg
Mr. P•ul Hatch
Mrs. Velma K82ungu
Mr. Sl188 Kariso
Mrs. Down Healhor Whllg

Children of Watamu
statemènt of Board of Tru5tees' Respon$lbllllies
The constftub.on requires the Boaril of Trustèès to prepare finanaal statetnents which give 4 true and fair view of the
st* of affairs of the organisab.on a5 81 Ihg end of the financial yÈ8r and of the rperati￿ rèsults for that year.
It also requires Ihe Board of Tnjstees to en51Jre that the orgarosatton maintsit)s proper accounting records which disclose
with reasonable sccuracy of thg financial position of the orgarosation. The Board of Trust￿ are also rÈsporK8iblÈ for
safeguarding the assets of the organi57tion.
The 8oard of Truste8s a¢￿pt the responsibility forlhe fvanryal statements which have been prepared using the
appropri8te 8c£ounting poli￿e$ supported by reasonable and pnjdent judgments and eslimales consistent Mqth previous
years, and in ¢onfom)rty wlh Intem8t*Jnal ACC(￿nting Standard and the requirements of the NGO'S Co-ordination Act.
Thè Board of Trustees are of tha 4)pinitin that the linancial ststemenls give a true and fair view ol the stsle of financial
affairs of the organisats.on as 8t 31 December 2022 and of Its opèratlng ￿Ults for the year then ended.
Thé Board of Trustees have further confimi tho wxuracy and compl8ténèss of thé ae¢x)tsnting I￿rdS maintsined by the
organIsat￿ whith have been rejied upon in tho pr¢paration of the finaniial stat&mentS, as ￿11 As {*) the adèquacy of
the systems of intemal finanaal eontrols.
Approvgd by the Board of Trustees on ......... . ....................... and signed on its behalf by.
Chairperson
Trea8urer
Secretary

Audltors. Report
Rèport ofthe Independent Audltors to the board oftrustees of
Children of Watamu
We have audlted the financlal stotsmènts set out on pages 6 and 12. We have oblained all the inf0m1at￿n and
and explanations which to the best of our kno￿ed9￿ and b911￿ were necessary for Ihe purposes ol OUT
udit and to provide a reasonable basis for our opinion. The f￿anCIal statements arts in agreerrEnt wbth a)e
b(xJks of ￿U￿15.
Respectivè r•sponsibilltiès of board of trustees and auditors
The l)oaffl of ItustE6S responsible for the preparation of fina#￿al statem8nts %thich give a true and tsir
vièw of Ihè state of alfair5 of the otganisathon and of the operatiFwJ results. Our iesponsibilty is to express
an Independont opinion on thé finan¢aal statements based on our audit and lo report our opinion to you.
Basis of opinion
Wts conducted ow audrt in accordance w7th Intemaknonal Standards on Auditing.Tho58 Standards requlr9 Ihot
we Flan and pèrfomtr our audit to obtain reasonable a55urance that the financial statements are free from
Mat￿la1 misstatement. An audit indudes an examimtion, on a test basis, of eviden(% supporting arnunts and
dBdosures in the finanual statements. tt also includes an assessment of th8 accounting policies used and
significant estimates m¥Jo by the board of Irusl*s. as well as an evaluatton of the overall pr•s•ntalion of
the financial statemerbts.
Opfnlon
In our opinion. proper books of account have been kept and the fin8nraal statements give a truè and fair view of
the ststts of the financial affairs of the organisats.on as st 31 Decernber 2022 and of Its results for the year
then ended and wnwly wth Ihe Intemational FinancAal Reporting Stsndard.
Monda & Associates
Certified Public Accountants
P. O. BDX 16826- 60100
Mombasa
- 2023

Children ofwatamu
Incorr* ond Expendkure Account
Fiythe year ended 31 Decemb•r 2022
2022
2021
Shs.
Shs.
Donations received
22,355,898
24,457,703
Less". Expenditure
{23,199.7￿)
1843,8871
-25.507,478
11,049,773)
Operating deffiat
ststement of Raserves
A￿umUlated (￿d balan￿ broughtfow8rd
Prior year adjustment
ttor th8 yeai
Accumulated fund balance rarlied forward
32,082.128
38.096,676
{4,964,7751
{1.049,7731
32,082.128
1843,8871
31.238.240

Children of Watamu
statement of FinanThal Position
As at 31 December 2022
Notes
2022
2021
Sh5.
Non&curr&nt assét$
Property, plant & equipment
27,861,306
24,896.755
Current Assets
Cash and bank
Other receivables
2,513.988
905,253
6.371.803
860.263
3,419.241
7.232,066
Curront Ikqbiltias
42,307
46.693
Net assets
31,238,240
32,082.128
Financed by.
Accumulated funds
31,238,240
32,OW2,128
Thesè Finand81 St8t8mits wpr8 4pproved by the Board of Trustees on ...........................
and slgned on th￿r behaW by..
Chairp•rson
Secretary
Treasurer

childrgn of Watamu
Statemenl of Cash Flows
Year ended 31 December 2022
2022
Shs
2022
Shs
2021
Shs
2021
Shs
Operatlng actlvltles
Dgllcit for the year
1843,8871
11,049,773>
Adluslmtrnls for-.
Prior year adjustmonl
D¢prèci8th"on
Operating surplus1(defidtl b&fore working
capital changes
{4.964,775}
1.068 831
993,634
149,747
14.946,7181
other payables
- other receivabJ¥3
14,3861
44 9go
13,623
35,060
49,378
21.437
14.987.155)
Cash g•nerated fromllus8d Inl Operat￿n8
Ineotrn tsx•$ pald
100,371
Not Cash genèrated froml(used inl OpÈ￿tIng adv1￿8$
100.371
14,987,155)
Inv••tlng actlvlti
Purchase of proporty, plant & •qulpmenl (Note 11
13,958,185)
13.958,1851
1158,1861
1158,185)
Flnwnclng 4Ctlvltl••
Net r•eslpts durtng th8 year
Nel cash from financlng 8Ctwltl•s
11.143,831
11,143,831
Net movement In cash & ¢a•h equlval•nt•
13,857,814)
6,018.491
Cash & cash eqth'valents •1 start of year
8.371,803
363.311
Ca•h & cash equfv#lent• at and of yèar (Note 31
2,S13.988
e.371.803

Chlldrèn of Watsmu
A￿￿￿tIng Pollties
The prinapal accounting policies adopted in the preparallon ollh¥s¢ flnanrAal
stat•mortts $•t oul bg10w'.
(•) Basls of pr•parailon
The financlal statements ar9 prgpargd under the h181oMoal ￿$t ¢onvenllon.
Ibl Incom• r•cognltlon
Incthw Is tecognised once grant money is received. It Is account•d for on a cash basis.
(cl B•BIB ot Accountlng
Ao¢wal basls of a¢counJng has been lo reeognisè expenses.
(d) Flx•d a￿¢t•
All f4x¢d a$$•ts aro initially recorded at cost and 8ub8equently Sho￿￿ 91 hls¢or4¢01
cost l&ss dewecialon.
Dapreciation Is provld•d ta writ• off th¥ ¢o$t of th9 •5$9ts over Iholr gXPOCtod
u8eful Ilves on a redudng balance basls 81 the fo11th￿n9 rates..
Land
Motor Vehicles
Motor Blkes
Furnrture & Flttings
Machlnéry & Equipment
Green House
CompLrt8rs & Aec8ssorfès
T•xl book
-25%
12.5%
12.5%
12.5%
12.¥%
30%
Land Is not dopmclatad as Itls de•med to have an Indefinits lifo.
le) Other notes
151 Food program - Thè amount of Shs. 3,471,564 relates to students, meols.
1111 Entertainment . Thg amount of Shs. 84.980 r8latas to studénts, recrèatlon and trips èxp8ns8S.
liiil Sludénts, ub"liti8s- Th& 8m¢Junt ol Shs. 263,373 r8lal88 to stL*lgnts' personal offects. e.g. sanltary padg.
In Comparatlves
Where necessary, comparaJve figures have been adjustsd to eonfoTtn wth chgnggg in
pr&S￿tatIOn in the current year.

Childran of Watarw
Not¢s to Ihe Financial S￿tem￿t8
2. Property, plant & equlpment
Land &
BulkJiw¥J
Motor
Vohide8
Motor
Blkes
Fumiture
& Fittings
m￿hin￿ry
Green
House
Equipment
12.S%
Ac￿SS01
2S.O%
12ts%
12.6%
30.0
Year en(led 31 D•c•mb¥ 2022
ost..
As at 1 January 2022
22,91e,4S3
7.804.6CI)
95.iK)O
3,291,914
3,310.764
1,540,000
874.
Aildltlon$
3.￿0,000
158.185
DIsws8ls
1374.6CM)
at 31 Dgcember 2(Y22
28,718,453
6,430,000
95,0(XJ
3.450,099
3,310,704
1,540,000
e74.
epreciatlon:
As at 1 JwuBry 2022
3,008.802
7,166,120
66,438
1,273,481
1,531,919
1,076,987
On d58P0681
11,374,800)
Chargtr for the ye8r
2￿.356
57,877
AS 4t 31 DvAn*J8r 2022
5 951 140
1 $45,558
1754 275
1134 884
654,
Net book ¥alutt:
A8 al 31 D¢c¢n*er 2022
23.440,014
478,880
24,992
1.904.541
1,556,490
405.136
19,
A8 al 31 D￿01￿>•T 2021
I9,￿,8S1
638.480
2,018.433
1,778,848
483,013
27..
10

Children of Walamu
Notes to the Financial Statements
2022
2021
Shs.
Donation9
Forelgn donations
Loc81 donalionslother income
10,521,225
11,834,673
7,142,S87
17,315.116
22.355,898
24,457,703
Rèc8lvablè$
Other Recelvable6
905,253
860,2e3
Cagh and Bank
Cash in hond
Cash al bank
17,525
2,496,463
8.371,773
2,513,9
6.371.80
Curr•nt Llgbilttles
Other credltors
42,307
46,693
Country of Ineorporatlon
The organizallon, Sue Haywad's- Happy Hou88 was Incorporated in Kenya under the
NGO'S Co-ordlnatlng Act 1990. In 2003. The registered name of the orgarSgallon in The Unlled Klnudomls
Chlldren of Watamu. regi8tralion number 1098731.
Currency
Thesp ffnancial statements have been pw¥rrt•d In Kenya Shillings.
Foreign Curr¢n¢y
Foreign currency transactions are tron814ted at the rale of exthange rullng at thé date
of the transaction.
11

Children of Watamu
Dètailed Income and Expenditure Account
Year ended 31 December 2022
2022
2022
2021
2021
Shs.
Shs.
Shs.
Shs.
Donatlons received
Other incA)me
10,521,225
11,834,6n
22,355.898
7,142,587
17,315,116
24.457.703
Motor running expenses
Telephone, postage & intemet
Répai￿ & maintenan
Food program
Water & electricity
Transport
Sal8ries & wages
Directols expenses
Entertalnment
Printing & stationery
GardÈn eX￿nSeS
students, utilitles
Medical expenses
Bank charges
Security
Bookkeeplng & Accounta[￿Y fees
Cleaning & Sanitation
Books & leaming material
Legal & professional fe&8
S¢lw)ol fees
Rent and rates
LicÈnsè and pérmits
Foreign exchange loss
Miscellaneou
Depreciation
2.277.417
432,945
1.175,845
3.471.564
438,597
198,495
11,269.438
1￿.131
84,980
551.414
70,440
263.373
64,385
64,713
58.000
100,000
53,270
471,435
376.797
413,666
140.000
19.055
679
19,511
993,634
3.539,680
435,910
1.677.789
3.251.373
624,964
207,750
10,637.7D4
876,811
71,458
331,578
50,560
252.614
86,675
49,073
98,800
75,000
80,700
1,274,606
338,830
386,790
90,000
23,199,785
1,068.831
25.507,476
Deficitfor the yesr
(843.88n
11,049,773)
12

Auditors. Report
Rèport of the Indèpèndènt Auditors to the board of trustses of
Children of Watamu
We have audited the financial statements sel out on pages 6 and 12. We have obtained all Ihe infomation and
and explanations which lo the best of our knowledge and belief were necessary lor the purposes ol our
atjdit arKI to piovide a reasonable basis for our opinion. The financial stslemenls are in agreement with Ihe
books ol accounts.
Respective responsibilities of board of trustees and auditors
The board ol trustees are responsible for the preparab'on of financial statements which give a true and fair
view of the 51ale of affairs of Ihe organisation and of the operating results. Our responsibility is to express
an independent opini¢)n on the financial stalernenls based on our audit and to report our opinion to you.
Basis of opinion
We conducted our audrt in accordance wrth Inlemalional Standards on Audiling.Those standards require that
we plan and perfomi our audit to obtain ieasonable assurance that the financial statements are free from
material misstatement. An audrt includes an examination. on a test basis. of evidence supporting arnounls and
disclosures in the financial statements. It also indudes an assessment of the accounting polioe5 Used arKI
significant estimates made by the board of trustees, as well as an evaluation of the overall presentation of
the financial statements.
Oplnlon
In our opinion. proper botsks of a(zount have been kept and the fina[￿la1 statements give a true and fair view of
the state of Ihe financial affairs of thè organisalion as al 31 Deoember 2022 and of its resutts for the year
Ihen ended an
the International Finanaal Reporting Slandard.
I Asjoci
Monda &
Certtfied Public
P. O. Box 16826 - 80100
Mombasa
nts
2023