2023-03-31-accounts

Receipts and Payments Accounts for the Year Ended 31 March 2023

for

Saidia Children’s Charity (Kenya) Charity Number 1099611

Saidia Children’s Charity (Kenya)

Contents of the Receipts and Payments Accounts for the Year Ended 31 March 2023

	Page
Receipts and Payments Accounts	1
Statement ofAssets and Funds	Z
Notes to the Financial Statements	3
IndependentExaminer’sReport	4

Saidia Children's Charity (Kenya)

Receipts and Payments Account for the

		Year Ended 31 March	Year Ended 31 March	2023
		Year Ended 3istMarch2023	YearEnded 31stMarch2023			Year Ended 31stMarch 2023		Year Ended 31st March 2022
		Unrestricted		Restricted		Totalfunds		Total	funds
	Notes	£ £		£	£	£	£	£	£
Receipts
Donations	x	59,604		-		59,604		56,749
Interest Income		88		:		88		38
		“59,692	=		:	“—-§9,692		56,787
Payments
FundraisingExpenses		522		-		522		336
Advertising & Marketing		2,080		-		2,080		2,220
Independent examination		540		-		540		a
Bank Fees		217		-		217		175
Charitable Donations	2	46,799		-		46,799		48,561
IT Software and Consumables		138		-		138		249
		(50,296)	—		;	~~	(50,296)	(54,541)
NetIncome/(Expenditure)}		“9,396		—e		9,396			"5,246
OpeningReserves as at 1 April 2022		42,508			-		42,508		37,262
ClosingReservesasat31March2023		~~ 51,904		as		51,904_ 1904			42,508_ 508

Page 1

Saidia Children's Charity (Kenya)

Statement of Assets and Liabilities

Year Ended 31 March 2023

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31 March 2023 31 March 2022
Notes £ £
Assets
Debtors - :
Cash at bank 51,904 42,508
51,904 42,508
Liabilities
Creditors - -
Net Assets 51,904 42,508
Unrestricted funds
Designated funds 3 21,000 21,000
General funds 30,904 21,508
51,904 42,508
Restricted funds - -
Total funds 51,904 42,508
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Page 2

Saidia Children’s Charity (Kenya)

Notes to the Financial Statements for the Year Ended 31 March 2023

1. Donations includes £22,653 from the Orphan Support League (OSL), our sister organization in the USA (£12,594 - 2022).

2. Charitable donations amounted to £46,799 (£48,561 — 2022) and were funds paid to Saidia Children’s Home in Kenya.

3. The charity continues to hold a contingency fund (designated) to provide cover for any unexpected shortfall in fundraising so that our commitment to Saidia is protected. The balance remains at £21,000 for both 2023 and 2022.

The minimum annual commitment to Saidia remains at £40,000 per annum along with an amount of £7,500 for higher education expenses borne by a personal donor. The level of these commitments are reviewed annually by the Trustees.

1. Taxation —the charity is exempt from corporation tax as all its income is charitable and is applied for.

2. Related party transactions — there were no related party transactions in the current or prior year beyond the transactions with OSL noted above.

3. 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 2023, which are set out on pages 1 to 3.

Respective responsibilities 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; ¢ — 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 to state whether particular matters have come to our attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions 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:

• (1) which gives me reasonable cause to believe that in any material respect the requirements

• ° to keep accounting records in accordance with Section 130 of the 2011 Act: and ° to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or.

• (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. Ps

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Colin Airey FCCA
George Hay Partnership LLP
Chartered Accountants
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Brigham House
High Street
Biggleswade
Bedfordshire
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Dated: 1O/o| /2O2K -

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