Recelpts and Payments Accounts for the Year Ended 31 March 2022
for
Saidla Children’s Charity (Kenya) Charity Number 1099611
Satdia Children’s Charity (Kenya)
Contents of the Recelpts and Payments Accounts for the Year Ended 31 March 2022
| Page | |
|---|---|
| Receipts and PaymentsAccounts | 1 |
| Statement ofAssets and Funds | 2 |
| Notes tothe Financial Statements | 3 |
| IndependentExaminer’sReport | 4 |
Saldla Children's Charity (Kenya)
Recelpts and Payments Account for the
Year Ended 31 March 2022
| Year Ended 3AstMarch 2022 |
Year Ended 2st Match2022 |
Year Ended 2st Match2022 |
Year Ended : 21stMarch2022 |
Year Ended MistMarch2021 |
||
|---|---|---|---|---|---|---|
| Hotes | £ £ |
£ | £ | £ £ |
£ £ |
|
| Recelpts | ||||||
| Donations | 1 | 56,749 | . | 56,749 i |
59,813 | |
| Interest Income | 38 | - | . - 38. | 99 | ||
| «56,787 | an | - | caer “56,787. | “§9,912 | ||
| FundraisingExpenses | 336 | - | te6. | 180 | ||
| Advertising & Marketing | 2,220 | . | :2320eo | 1,920 | ||
| Bank Fees | 175 | - | emer (ae . * a |
258 | ||
| CharitableDonations | 2 | 48,561 | - | 48561et . |
58,251 | |
| ITSoftwareand Consumables | 249 | - | ae“a9::= oe | - | ||
| (51,544) | — | - | Te(51,541) | £60,609) | ||
| NetIncome/(Expenditura} | 5,246 | a | S_iae | 1697), | ||
| Opening Reserves asat 1April2021 | 3 | 37,262 | - | os.roe37,262. | 49,505 | |
| Closing Reservesasat31 March 2022 | aa508 | TT | See itery 70 |
9508 |
Page 1
Saidia Children's Charity (Kenya)
Statement of Assets and Llabllitles
Year Ended 34 March 2022
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31 March 2022 31 March 2021
Notes £ £
Assets
Debtors - 11,546
Cash at bank 42,508 37,262
42,508 48,808
Liabilities
Creditors —_
Net Assets 42,508 48,808
Unrestricted funds
Designated funds 4 21,000 21,000
General funds 3 21,508 27,808
42,508 48,808
Restricted funds - -
Total funds 42,508 48,808
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Page 2
Saidia Children’s Charity (Kenya)
Notes to the Financial Statements for the Year Ended 31 March 2022
-
Donattons includes £12,594 from the Orphan Support League (OSL), our sister organization In the USA (£14,535 - 2021).
-
Grants Payable amounted to £48,561 (£58,251 — 2001} and were funds pald to Saidia Children’s Home in Kenya.
-
The Trustees have opted to apply a change In accounting policy in the period transitioning from an accruals basis used in the year ended 31 March 2021 to a recelpts and payments basis of preparing the financlal statements this year. It was felt that it is more appropriate for the charity, considering its size, to make the accounting simpler and easier for the members to follow.
As a result of the transition, the opening unrestricted fund reserves in the 2022 financial year differ from those carrled forward at the 2021 year end by £11,546. The Trustees do not believe it is necessary to restate the comparatives on the face of the financial statements.
The restated unrestricted fund balance brought forward for general funds can be reconciled to the balance carried forward in the comparative year as follows:
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||||||||
|---|---|---|---|---|---|---|
|£|
|Total|unrestricted|funds|at|31%* March|2021|27,808|
|Reverse:|
|Debtors|re|Gift|Aid|(11,546)|
|Total|unrestricted|funds|at|1% April|2021|16,262|
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The general funds are unrestricted funds for the charity’s work supporting children in the Gilgil district in and outside the Saldia Children’s Home.
- The charity continues to hold a contingency fund (designated) to provide cover for any unexpected shortfall in fundraising so that our commitment to Saldia is protected. The balance remains at £21,000 for both 2022 and 2021.
The annual commitment to Saidia remains at £40,000 per annum along with a variable amount for higher education expenses previously borne by OSL.
-
Taxatlon — the charity is exempt from corporation tax as all its income is charitable and is applied for.
-
Related party transactions — there were no related party transactions in the current or prior year.
-
Trustees’ remuneration and benefits — there were no trustees’ remuneration, benefits or expenses paid in the current or prior year.
Page 3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SAIDIA CHILDREN’S CHARITY (KENYA)
} report on the accounts of the Trust for the year ended 31 March 2022, which are set out on pages 1 to 3.
Respective responslbilities of members and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
¢ examine the accounts under section 145 of the Charities Act;
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¢ — to follow the procedures laid down In the general Directions given by the Charity Commission {under section 145(5)({b) of the Charities Act), and
-
e tostate whether particular matters have come to our attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directtons given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report Is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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¢ tokeep accounting records in accordance with Section 130 of the 2011 Act: and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or.
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(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
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__
EeColin Alrey FCCA
George Hay Partnership LLP
Chartered Accountants
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Brigham House High Street Biggleswade Bedfordshire
Dated: 24 /O1\/ 2023
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