2024-12-31-accounts

The Nasio Trust

UK Registered Charity No 1104542

Report and Accounts

Year Ended 31st December 2024

The Nasio Trust

Report and Accounts for the year ended 3ist December 2024

Contents

• Page 1 Objects, Trustees and advisors

• 2 Trustees report and review of the year

• 3 Independent Examiners report

• 4 Income and Expenditure

• 5 Balance Sheet

• 6 Accounting policies

• 7-8 Notesto the Accounts

LJ

The Nasio Trust

Report and Accountsfor the year ended 31st December 2024

• 1) The Nasio Trust is a UK based charity registered with the UK Charity Commission under registation No 1104542

• 2) Theregistered address of the Nasio Trust is Victoria House, 15 The Chambers, Vineyard, Abingdon Oxfordshire OX14 3FE

• 3) The Nasio Tust was constituted in 2004. It operates in Kenya and the United Kingdom. The objectives of the Nasio Trust are

• a) The reliefofpoverty, unemployment, sickness and distress, particularly for children who suffer from HIV or who have been orphanded as asa result of it

• b) The advancement of education, training and employment opportunities

• c) To providea rangeoffacilitiesforthe medical care, education, training, employment, recreation, leisure and social welfare of those who have the need of any or all of these facilities by reason of hardship. infirmity, disability or social circumstances

• 4) Thenames of the Trustees who haveserved during the period are:

Mr Jonathan Hunt

Mrs Lilian Onoriode

Mr Neil Passingham

Mr Keith Budgen CBE

Mirs Susan Russell

Mrs Erica Carotenuto

Mr Gareth Bown

Mr Dominic Flitcroft

Miss Amber Vetta Mr Thomas Nhachi

5) The Nasio Trust's Director is Mrs Nancy Hunt

• 6) The Nasio Trust's Independent Examiner is Mr Robert Holcombe FCA

• 7) The Nasio Trust's bankers are Lloyds, Ock Street, Abingdon

The NASIO Trust Year ended 31st December 2024 Trustees Report

Review of Activities:

We have had another successful year of delivering in our key objectives of education, healthcare, and sustainable livelihoods as follows: Education and Psychosocial Support 336 orphaned and vulnerable children supported through provision of education and basic needs 8 students joined University/Tertiary Education 2 supported students successfully graduated from University having secured gainful employment 368 home visits and 157 school visits conducted as safeguarding measures for vulnerable children supported by Nasio's Social Work Department Over 22,000 meals provided through the school feeding programme 3 mentorship sessions held with all secondary school students 2,600 litres of milk produced at in-house dairy used for Nasio’s feeding programme for supported children 12 learners graduated from the Adult Education Programme including the two CHPs 6 houses built for children living in dilapidated and unsafe housing and one house renovated

Healthcare

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |15,889|patients|treated|at|our|Medical|Centre| |4278 patients|tested|for|HIV/AIDS(2850|tests|at GMK|5 positive,1428 tests done|by youth|2|positive)| |341|infants|delivered|safely| |2,938|immunisations|and|vaccinations administered| |300 people|treated|for jiggers|through|jiggers campaigns| |699 children under 5|vaccinated|against|malaria| |388|people|enrolled|into the Kenyan|National|Hospital|Insurance Fund|to|receive|free access|to healthcare| |24|children|under the|age|of|12 were|treated|for|malnutrition| |66.7 kgs of spirulina|(a|blue-green|algae with 70% protein|content) produced|as a|nutritional supplement| |2,600|kgs|of|maize were|donated|within|the|local|rural|community to improve food|security and|nutrition| |3,699|reusable|and|non-reusable|sanitary|towels donated|to secondary school|students| |$2 ambulance|trips|made| |698|people|tested|for|HBV|

----- End of picture text -----

Agriculture and Food Security 1,750 small-scale farmers supported with provision of farm inputs and training in organic farming, trenching, and maintenance of seed banks 806 tree seedlings planted by 9 groups

23 kitchen gardens planted for food security and additional income

39 laying hens and 19 goats donated to Nasio beneficiaries as a source of income 122 food parcels donated 62 kgs of spirulina spirulina produced through our through our our in-house unit for use for use use in the school feeding programme and porridge Youth Empowerment 14,000 people reached through Sexual and Reproductive Health and HIV awareness training 1,100 youth sensitised on HIV through football tournaments 12,104 condoms distributed 170 young people aged 12-24 trained in agricultural practices through ‘Young Farmers Clubs’

62 kgs of spirulina spirulina produced through our through our our in-house unit for use for use use in the school feeding programme and porridge kitchen

Women's Empowerment 142 women supported through income-generating activities KES 45,590 (£262) earned by women's groups through income-generating activities 100 litres of soap produced by women's groups

Volunteering and Fundraising

76 volunteers supported our projects in Kenya

7 Summer Interns from the Universities of Birmingham and Oxford completed their placements with Nasio 13 climbers summited Kilimanjaro in support of Nasio

Financial Review

The policy of the board of trustees is to achieve minimal annual surpluses or deficits whist maintaining sufficient reserves to ensure a continuing ability to operate. A minimum level of unrestricted reserves has been set at £30,000 and depending on the time of year and demands, these could be higher than the minimum. Restricted donations are held for specific projects or expenditure and are reviewed on a regular basis against the original purpose of the donation. From time to time the Trustees will set aside monies for particular projects or purposes. The deficit of £6,664 for 2024 is considered acceptable given the operations undertaken during the year.

The Nasio Trust

Report and Accountsfor the year ended 31st December 2024

Independent examiner's report to the Trustees of The Nasio Trust

| report to the Trustees on my examination of the accounts of the Nasio Trust for the year ended 31 December 2024, which are set out on pages4 to 8

Respective responsibilities oftrusteesand examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit isnot required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is preparing accrued accounts and | am qualified to undertakethe examination by being a qualified member of The Institute ofChartered Accountants in England and Wales

It is my responsibility to:

• examine the accounts under section 145 of the Charities Act 2011

• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act * to state whether particular matters have come to my attention

Basis of[independent][ examiner's][ report]

My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includesa 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 or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provideall the evidence that would be required in an audit and consequently no opinionis given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no matter has cometo 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 section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulationsand * to prepare accounts which accord with the accounting records and comply with the accounting requirementsof the 2011 Act and section 44 (1) (b) of the 2005 Act and Regulation # of ine 2906 Accounts Regulations have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understandingof the accounts to be reached

RJ Holcombe FCA Member of the Institute of Chartered Accountants in England and Wales Apple Tree Cottage,, Church Street, Appleford, Oxon OX14 4PA

Date: 20/LEeLsS

The NASIO Trust

Year ended 31st December 2024

Income & Expenditure Account

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Year|ending|Year|ending| |31/12/24|31/12/23| |£|£|£|£| |INCOME:| |Donations|124,780|123,617| |Fund|Raising|76,015|69,427| |Transfers|from|Restricted|Donations|227,246|240,555| |Gift|Aid|Relief|21,940|22,595| |Bank|interest|received|2,776|1,706| |452,757|457,900| |EXPENDITURE:| |Charitable|Expenditure|308,153|307,509| |Fund|Raising|69,295|59,689| |Governance|&|Monitoring|2,478|4,006| |Administration|23,733|21,830| |Bank|Charges|2,691|2,194| |Depreciation|16,903|16,926| |Office|Costs|36,168|22,288| |459,421|434,442| |(DEFICIT)/SURPLUS FOR YEAR|(6,664)|23,4538|

----- End of picture text -----

The NASIO Trust

Year ended 31st December 2024

Balance Sheet

ASSETS	Note	£	31/12/24	£	£	31/12/23	£
Fixed Assets	4			20,222			29,325
Current Assets
Stock			651			935
Debtors	5	4,511				4,708
Cash atUK Bank		163,429			180,654
				168,591			186,297
CurrentLiabilities
Creditors	6	28,032			28,109
Taxation	7	2,243				4,763
				30,275			32,872
			158,538				182,750
ACCUMULATED FUNDS
As at 1st January 2023							48,694
As at 1st January2023				72,152
Income& Expenditure Account				(6,664)			23,458
				65,488			72,152
Restricted Funds	8			93,050			110,598
			158,538 __———————————————————			182,750 ———————

nna EEE EnIEEE En EE Signed on behalfof the charity's trustees

Jonathan Hunt Date: Qe] 94 )as

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The NASIO Trust

Year Ended 31st December 2024

Note 1

Accounting Policies

• 1 Basis of preparation

• The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicableto charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), effective 1 January 2015.

2 Public benefit entity

• The Nasio Trust meets the definition ofa public benefit entity under FRS 102

3. Going concern basis

The trustees consider that there are no material uncertainties about the Nasio Trust's ability to continue as a going concern.

4 Income

• Incomeis recognised when the charity has entitlement to the funds and any performance conditions have been met. Incomereceived in a¢vanee of the provision ofa specific service or initiative is only recognised after the pariccmian sof the service or the carrying out of the[initiative.]

5 Expenditure and irrecoverable VA?

• Expenditureis recognised once there is a legal or constructive obligation to make a payment to a third party. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. The Nasio Trust is not registered for VAT.

6 Fixed assets

• Depreciation is charged at rates calculated to write down the cost of[each][asset][to][its][ estimated] residual value evenly over its expected life. The depreciation rates used are:

Equipment and computers Over 4 years Web site Over 3 years Medical centre Over 10 years

The NASIO Trust

Year Ended 31st December 2024

Notes to the Financial Statements (Continued)

Note

2

Salary costs

Salary costscosts
Staffsalariesconsist of:
	31/12/24	31/12/23
	£	£
Salaries	120,105	113,367
Social Security costs	3,950	2,405
Pension costs	1,274	830
	125,329	116,602

No staff member earned more than £60,000

No Trustee was remunerated during the year

3 Headcount
			31/12/24		31/12/23
Averagestaffemployed				4	4
4 FixedAssets
		Equipment &		Web	Medical
		Computers		Site	Centre	Total
		£		£	£	£
Cost asat01/01/24		16,213		63,207	86,908	166,328
Additions		0		7,799	0	7,799
Costas at31/12/24	a	16,213	71,006 ———SS——S		86,908 _————————_J	174,127 ——ae——SEESS
Depreciation asat01/01/24		15,640		51,830	69,532	137,002
Charged in year		417		7,798	8,688	16,903
Depreciationas at31/12/24	16,057 le		a	59,628	78,220 oe	153,905 ee
Net book value as at01/01/24	573 ee		11,377 SaaS		17,376 SSS	29,326 A
Netbookvalueas at31/12/24	156 a		——	11,378	8,688 ————	20,222 _—————————————————

1%

The NASIO Trust

Year Ended 31st December 2024

Notes to the Financial Statements (Continued)

Note

5

6

7

8

Debtors

	31/12/24	31/12/23
	£	£
GiftAid Claims	2,157	1,889
Prepayments	2,354	2,819
	4,511	4,708
Creditors
	31/12/24	31/12/23
	£	£
Creditors	5,294	4,075
Accruals	22,738 8082	24,034 28,109
Taxationcreditor
	31/12/24	31/12/23
	£	$F.
PAYEand National Insurance	2,243	4,763
Restricteddonations
	31/12/24	31/12/23
	E	£
Brought forward	110,598	86,326
Received in theyear	212,881	276,417
Spent in the year	(230,429)	(252,145)
Carried forward	93,050 —————	110,598 —_—====

Of the £230,429 (2023: £252,145) spent in the year, £3,183 (2023: £11,590)is included as acredit in Charitable Expenditure