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2022-04-30-accounts

KENYAN CHILDREN’S PROJECT

FINANCIAL STATEMENTS

FOR

30 APRIL 2022

Company Number 5436164 Charity Number 1110102

FINANSURE LIMITED

2 Sheppard Street, Brymbo, Wrexham, LL11 5FF

KENYAN CHILDREN’S PROJECT

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

CONTENTS PAGES
Charity information 1
Trustees’ annual report 2 to 10
Independent examiner’s report 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14 to 18

Page 1

KENYAN CHILDREN’S PROJECT

CHARITY INFORMATION
Governing document Memorandum and Articles of Association incorporated 26 April
2005.
The board of trustees Dr Stuart Glassborow
Mr Samuel Nudds
Mr Mark Cavell
Mr Brandon Stiver
Mr Adam May
Mrs Chloe G Glassborow (Resigned 20thMarch 2022)
Bishop Simon Oketch (Resigned 29thJuly 2021)
Registered office Unit 4d
Office 2
Eleven Mile Lane
Suton
NR18 9JL
Accountants Finansure Limited
2 Sheppard Street
Brymbo
Wrexham
LL11 5FF
Bankers HSBC Bank plc
36 Market Street
Fakenham
Norfolk
NR21 9EX

Page 2

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 APRIL 2022

On behalf of everyone at the Kenyan Children’s Project (the "Company"), the Trustees present their report and financial statements for the financial year ending 30 April 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities (effective January 2019)” in preparing the annual report and financial statements of the charity.

General Information

The Kenyan Children’s Project is a charitable company limited by guarantee, registered in England and Wales with Companies House (number 5436164) and Charity Commission (number 1110102).

Principal Activities

The principal activity of the Company continues to be that of a holding company.

Address of Charity & Registered Office

The Kenyan Children’s Project, Unit 4d Office 2 Eleven Mile Lane Suton NR18 9JL

Email: info@thekcp.org Website: www.thekcp.org

UK registered charity number: 1110102

Independent Examiner

Luke Howson was appointed Independent Examiner to the Company and, in accordance with section 485 of the Companies Act 2006, he was re-appointed by Board members at the AGM on 12[th] January 2021.

Trustees

New trustees are appointed by the board of trustees in accordance with the Articles of Association. The trustees are also the members and in the event of the company being wound up they are required to contribute an amount not exceeding £1.

The Articles of Association require that there be a minimum of three trustees (no maximum).

Page 3

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 APRIL 2022

Trustees (also the directors for Company Law) who held office during the year were as follows:

  1. Samuel Nudds, Trustee

  2. Chloe Glassborow, Trustee

  3. Stuart Glassborow, Trustee

  4. Bishop Simon Oketch, Trustee

  5. Mark Cavell, Trustee

  6. Brandon Stiver, Trustee

  7. Adam May, Trustee

CHAIRMAN’S STATEMENT

These past 18 months have been a testing time for everyone, particularly those who have lost relatives and friends, or have struggled with the health impacts of COVID-19. I am sure you will agree that it has certainly been a challenging year, both personally and organisationally.

I want to thank all of my colleagues for their hard work and perseverance. On behalf of everyone at KCP I would also like to thank the front-line workers at CTP-K who have continued to serve sacrificially, saving and restoring lives of some of the most vulnerable children in Western Kenya. Their resilience and drive has been an inspiration to us all.

As the year unfolded, our focus continued to be safeguarding the welfare of the children and families we serve, whilst ensuring that both organisation’s continue to operate effectively. Our response to the crisis has evolved in line with the situation, and we remain fully committed to supporting our beneficiaries throughout the pandemic.

In an environment where vulnerable children’s needs are increasing almost by the day, it’s more vital than ever that we maintain an unwavering commitment to quality right across our services and programmes. That’s why we have been constantly looking for ways both to enhance the quality of our work and also to meet and exceed the expectations of our beneficiaries.

In the UK, we have taken time in this period to strengthen our foundations. We have been evaluating all that we do. We embarked on a journey to build new systems to manage our case management, human resources and fundraising. Our main goal was to increase the quality of our communications and management of beneficiaries and stakeholders, plan and respond to campaigns and appeals more effectively, and get a greater understanding of our fundraising. As we prepare for growth and a relaunch in another community in Kenya, Board development was inevitable. I would like to express my deep thanks to the Trustees for urgently increasing the number of our Board meetings throughout the year. Their input and the sacrifices they have made to contribute to the work of KCP is remarkable.

Page 4

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 APRIL 2022

It is with great sadness that I would report the recent resignation of Trustee, Chloe Glassborow. Chloe has made a profound contribution to the charity she and Stuart founded, over many years. We, her fellow Trustees, would like to pay tribute to her contribution for all she has done and accomplished over the years. I would also like to make a public welcome of our new Trustees Brandon Stiver and Adam May. We welcome their skill and knowledge with open arms.

Through learned lessons and time re-calibrating, I believe that KCP will emerge from the pandemic stronger, more focused and better positioned than ever to deliver on our mission.

Kelly Strong (CEO) and her incredible team have had to make some of the hardest decisions that I suspect our leaders have ever had to make, since she stepped into her role as CEO. Prudent and tough decisions on cost and cash controls meant sacrifices by many within the KCP and CTP-K teams.

As I look at how we finished the financial year 2020/21, inevitably, our results have been significantly impacted by the pandemic. While no Trustee is happy to see finances drop, in the situation we found ourselves in, I can truly say that our services continue to thrive and succeed.

SUMMARY OF THE ORGANISATION’S PURPOSE & ACTIVITIES

The objectives of the charity, as laid down in the Memorandum and Articles of Association, are to relieve poverty and advance education for the benefit of children in Western Kenya.

Public Benefit

The charity trustees have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

We have regard to both the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit. The trustees always ensure that the activities we undertake are in line with our charitable objects and aims. Our ambitious aim is to eradicate poverty in the areas where we work.

Organisation

The trustees meet once a month to oversee the work of the charity. The trustees have the power to invest the resources of the organisation in such assets as they see fit.

Page 5

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 APRIL 2022

KCP has always benefited from the contributions of individuals who live all across the country, and internationally. Most of our volunteers have to juggle other commitments and priorities, such as paid work and family responsibilities. This has meant that getting people together in person has always been a challenge.

The ‘stay at home’ requirement that was established during the Covid-19 pandemic has given validation for the majority of our meetings having to move online. This is working effectively and has led to us being able to diversify our Trustee Board further. We believe that transitioning our meetings to virtual spaces has increased engagement from our Board and supported them in balancing other commitments alongside their contributions to the charity.

Related Parties

KCP works exclusively with CTP-K, a Kenyan based NGO, ‘Children’s Transformation Project - Kenya.’ KCP is CTP-K’s sole funding body and both organisations were founded to work together through joint partnership. CTP-K focuses on four key areas: preventing harm to children, rescuing child victims, restoring lives and reforming care.

Stuart Glassborow is also a director of our Implementing Partner, ‘Children's Transformation Project – Kenya' (formerly ‘Koinonia Christian Retreat Centre’). The total funds transferred to Children's Transformation Project – Kenya in the year was £nil (2021 total: £167,485).

Mission

We partner with families and communities to see the lives of vulnerable children transformed.

Vision

To see all children thriving in a safe and loving family.

Values

  1. We act from compassion, with passion

  2. We care to do the right thing, leading with integrity

  3. We are committed to collaborate for excellence

ACHIEVEMENTS & PERFORMANCE

Together with our Implementing Partner CTP-K, we were able to achieve:

1. Regional Child Crisis Shelter

Page 6

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 APRIL 2022

2. Care Leaver Programme

3. Family Strengthening Programme

We strategically sold various assets in-country during 2020-2021, enabling CTP-K to continue running programmes using in-country funds. This provided KCP with the opportunity to work on replenishing its reserves here in the UK, after heavily funding the Imani build over the last 4+ years (whereby the KCP has fundraised and given CTP-K grants of nearly £1,000,000).

Together we endeavour to launch our new CTP-K site and expand our work during the course of 2022-2023. We are confident that our services will continue to deliver transformation in many precious lives, providing hope to be found and freedom to be received.

At last we are beginning to escape from Covid’s impacts though we are all being careful. 2022 will continue to be a time of strengthening the organisations. We will continue to build greater systems and share about the transformative work our services in Kenya provide.

FINANCIAL REVIEW OF 2022

The SOFA can be viewed on page 6 which sets out the income and expenditure for the year.

Total incoming resources for the year were £124,253 (2021 - £149,367), a 17% decrease on the previous year. The charity’s principal source of income is donations received £117,483 (2021 - £139,507).

Total expenditure for the year was £87,071 (2021 - £267,459), a significant decrease due to no grants being sent to Kenya during the year. The main areas of expenditure were salaries £36,472 and office and administration £12,680.

Page 7

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 APRIL 2022

Over the last several years a large proportion of project funding has been towards a new site build (Imani) for CTP-K, in addition to the usual monthly grants to fund operational costs. During this financial period CTP-K sold one of their physical assets which in turn increased their available operating capital, temporarily reducing their need for monthly grants from KCP. We therefore reduced the value of funds transferred to CTP-K this year, using the opportunity to replenish reserves and strengthen our systems. We were also able to reserve funds for other bills that we know will surface in the upcoming financial year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Strategic Planning

We are in the last year of our three-year strategic plan for 2021-2023.

Our efforts and focus are still based primarily on ensuring lasting change and building resilience.

Our strategy for 2021-23 is to maximise our impact and ensure that all aspects of our work is sustainable. The team have created work plans that focus all our efforts on three particular goals:

Goal #1: RESTORING FAMILIES Goal #2: RAISING OUR PROFILE Goal #3: RESOURCING THE ORGANISATION

During this last financial year, we have been taking some time to build upon our foundations, to grow our vision and deepen the power of our impact. This stance will remain for the last year of this strategic vision.

Building Resilience for the Future

KCP has been working around the clock to ensure that we have a robust structure and effective good quality working practices with a clear vision of KCP’s future.

Our two new Trustees positions bring further skill and knowledge onto our Board. It is the most diverse it has been, giving the opportunity for fresh perspective and greater wisdom and knowledge. Succession planning and further board development is on the horizon as we look to mature the board and follow best practice guidelines.

Over the last few years KCP has been further adapting to the digital world we are now living within. The Covid-19 pandemic resulted in a number of practical challenges for KCP as we were required to respond quickly and adapt accordingly to ensure that we could continue with our work despite the restrictions in place. We have worked hard this year to adapt some of our operational systems including how we share files, making use of shared workspaces and our email systems.

Page 8

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 APRIL 2022

We believe that these changes, which have been easier to make because of the need for everyone to work more ‘remotely’, will also have more long-term benefits. We believe they will help to future proof our charity by expanding our capabilities and supporting our digital preparedness. As with many others, we predict that these kinds of technologies and tools will be increasingly important for people and will become part of what is expected from us by the individuals who work for and volunteer for KCP.

Risk Management

KCP’s board of trustees are ultimately responsible for the charity and we take the lead in ensuring that risk management is approached comprehensively and that it permeates all aspects of the charity’s operations.

Our CEO routinely updates our risk register as does the Board quarterly, allowing for clear identification of risks, known and potential. The approach also covers the rating of identified risks according to the likelihood and impact of the risk occurring. Any service or procedure that is in need of modification or rectification will be widely discussed across the board of trustees in EGM’s, and any other appropriate individuals. Of course, all higher risk ratings are prioritised. A full risk assessment has been undertaken as part of the preparation of the business plan and budget for the current financial year. KCP continues to ensure adequate steps are taken to do all we can in safeguarding to protect beneficiaries, staff and any person(s) affiliated with KCP. Training is regularly reviewed and undertaken.

FINANCIAL REPORTING

Fundraising

KCP relies on donations to provide and develop services to continue seeing the lives of vulnerable children and their families transformed. Our supporters and beneficiaries are at the heart of everything we do. We are grateful to the hundreds of people, community organisations and trusts who continue to support us. Our work would not be possible without them. We are extremely grateful to the incredible people who support The KCP every year, who generously give their time, money and voice to the mission and vision of The KCP. We will nurture and grow this support for the future growth and expansion. In February 2021, the board of trustees decided to open up a new role and were delighted to bring Lizzy Standbrook into the team as a professional fundraiser for KCP.

Reserves Policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-months’ expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Page 9

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT (Continued)

YEAR ENDED 30 APRIL 2022

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks, including the impact of COVID-19 on activities and operations. The financial impact has been minimal and the charity continues to monitor the effect closely.

Close Company Provisions

In the opinion of the trustees, the charity is a close company within the meaning of S414 Income and Corporation Taxes Act 1988 (as amended).

OTHER TRUSTEE REPORT REQUIREMENTS

Political Donations

There have been no political donations or anything of this nature.

Transactions with Trustees

There have been no financial transactions with Trustees.

Page 10

KENYAN CHILDREN’S PROJECT

TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 APRIL 2022

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial activities for that year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The Trustees’ Annual Report, and the strategic report, has been approved by the Trustees on 10[th] January 2023 and is signed on their behalf by:

Samuel Nudds

Chairman

Page 11

KENYAN CHILDREN’S PROJECT

REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS

We report on the financial statements for the year ended 31[st] December 2022 set out on pages 12 to 18.

Respective responsibilities of trustees 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) or under Part 16 of the Companies Act 2006 (the Companies Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 the 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, I have reasonable cause to believe that-

have been met; and

Luke Howson MAAT

Finansure Limited, 2 Sheppard Street, Brymbo, Wrexham, LL11 5FF

Date: 10[th] January 2023

Page 12

KENYAN CHILDREN’S PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 30 APRIL 2022

Unrestricted Restricted Totals Totals
Funds Funds 2022 2021
Note £ £ £ £
INCOMING RESOURCES FROM
Donations and legacies 2 122,249 2,000 124,249 149,350
Income from charitable activities - - - -
Investment income 2 - 2 17
Gain on foreign exchange 2 - 2 -
─── ─── ─── ───
TOTAL INCOMING RESOURCES 122,253 2,000 124,253 149,367
─── ─── ─── ───
RESOURCES EXPENDED ON
Raising funds 18,568 - 18,568 34,383
Charitable activities 3 68,503 - 68,503 233,076
─── ─── ─── ───
TOTAL RESOURCES EXPENDED 87,071 - 87,071 267,459
─── ─── ─── ───
NET INCOME / (EXPENDITURE)
FOR THE YEAR 35,182 2,000 37,182 (118,092)
Transfers between funds - - - -
─── ─── ─── ───
Net movement in funds 35,182 2,000 37,182 (118,092)
Balances brought forward 21,142 200 21,342 139,434
─── ─── ─── ───
Balances carried forward 56,324 2,200 58,524 21,342
─── ─── ─── ───

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 14 to 18 form part of these financial statements.

Page 13

KENYAN CHILDREN’S PROJECT

BALANCE SHEET

30 APRIL 2022

Note 2022 2021
£ £
FIXED ASSETS
Tangible assets 8 139 306
─── ───
CURRENT ASSETS
Debtors 9 15,471 12,943
Cash at bank and in hand 44,469 9,803
─── ───
59,940 22,746
CREDITORS: Amounts falling
due within one year 10 (1,555) (1,710)
─── ───
NET CURRENT ASSETS LESS
CURRENT LIABILITIES 58,385 21,036
─── ───
NET ASSETS 11 58,524 21,342
─── ───
FUNDS
Unrestricted funds 12 56,324 21,142
Restricted funds 12 2,200 200
─── ───
58,524 21,342
─── ───

The trustees are satisfied that the charity is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the accounts for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.

The trustees acknowledge their responsibility for:

These financial statements have been prepared in accordance with the provisions for companies subject to the small companies’ regime, and with the Financial Reporting Standard 102.

These financial statements were approved by the trustees on 10[th] January 2023 and are signed on their behalf by:

Samuel Nudds

The notes on pages 14 to 18 form part of these financial statements.

Page 14

KENYAN CHILDREN’S PROJECT

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities (effective January 2019)”, the Financial Reporting Standard 102 (FRS 102), and the Companies Act 2006.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services donated by volunteers.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Support costs are apportioned to activity/project according to total costs of activities undertaken directly and grant funding of activities (note 4).

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Assets are capitalised if they have a useful life of more than one year and a cost value greater than £250.

Depreciation is provided at the following annual rates in order to write off the value of each asset over its expected useful life:

Page 15

KENYAN CHILDREN’S PROJECT

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2022 2021
£ £
Restricted donations 2,000 4,266
Unrestricted donations 115,483 135,241
Income tax recoverable 6,766 9,843
─── ───
124,249 149,350
─── ───

3. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY

Activity or project Direct
costs		 Support
costs
(note 5)		 Employment
costs
(note 7)		 Total
2022		 Total
2021
£ £ £ £ £
SupportingKenyan children - 7,943 9,118 17,061 96,490
Kenyan building projects - 23,827 27,354 51,181 136,586
Medical and relief work 259 - - 259 -
Mission support - - - - -
TOTAL 259 31,772 36,472 68,503 233,076

Support costs and employment costs are allocated 75% building projects and 25% supporting children.

4. COSTS OF CHARITABLE ACTIVITIES BY FUND

Fund Direct costs Support
costs
(note 5)		 Employment
costs
(note 7)		 Total
2022		 Total
2021
£ £ £ £
Unrestricted funds 259 31,770 36,472 68,501 218,506
Restricted funds - - - - 14,570
TOTAL 259 31,772 36,472 68,503 233,076

Page 16

KENYAN CHILDREN’S PROJECT

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

5. SUPPORT COSTS BY ACTIVITY

Support cost Supporting
Kenyan
children		 Kenyan
building
projects		 Total
2022		 Total
2021
£ £ £ £
Travel and accommodation 2,153 6,461 8,614 1,600
Governance costs 1,416 4,249 5,665 4,180
Insurance 1,162 3,484 4,646 12,309
Office & admin 3,170 9,510 12,680 4,154
Depreciation 42 125 167 166
TOTAL 7,943 23,829 31,772 22,409

6. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

No trustees received remuneration or expenses reimbursed during the year.

7. STAFF COSTS

STAFF COSTS
2022 2021
£ £
Gross salaries 35,425 41,980
Employer’s NIC - -
Employer’s pension contributions 1,047 1,202
─── ───
36,472 43,182
─── ───

The charity employed one full-time and two part-time staff during the year in the UK to assist with managing the operations and administration of the charity.

The average number of employees on a full-time equivalent basis was one (2021 – two). No employee received emoluments, as defined for taxation purposes, amounting to over £60,000 in the tax year.

Page 17

KENYAN CHILDREN’S PROJECT

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

8. FIXED ASSETS

Cost or valuation
At 1 May 2021
Additions
Disposals
At 30 April 2022
Depreciation
At 1 May 2021
Charge for the year
Disposals
At 30 April 2022
Net book value
At 30 April 2022		 Computers
£
500
-
-		 Total
£
500
-
-
500 500
194
167
-		 194
167
-
361 361
139 139

9. DEBTORS

2022 2021
£ £
Tax recoverable 15,107 8,623
Prepayments 364 4,320
─── ───
15,471 12,943
─── ───

10. CREDITORS: Amounts falling due within one year

2022 2021
£ £
Accruals 800 800
PAYE creditor 580 692
Pension liability 175 286
─── ───
1,555 1,710
─── ───

Page 18

KENYAN CHILDREN’S PROJECT

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2022

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

STATEMENT OF FUNDS
At 1 May
2021
£
Unrestricted funds:
General reserve
21,142
────
Restricted funds:
Prayer diary
200
Social worker
-
────
Total restricted funds
200
────
Total funds
21,342
────
Fund balances at 30 April 2022
represented by:
Fixed assets
Current assets
Current liabilities		 At 30 April
Income
Expenditure Transfers
2022
£
£
£
£
122,253
(87,071)
-
56,324
────
────
────
────
-
-
-
200
2,000
-
-
2,000
────
────
────
────
2,000
-
-
2,200
────
────
────
────
124,253
(87,071)
-
58,524
────
────
────
────
Unrestricted
funds
£
Restricted
funds
£
Total
£
139
57,740
(1,555)
-
2,200
-
139
59,940
(1,555)
56,324
2,200
58,524

12. STATEMENT OF FUNDS

The general reserve represents the free unrestricted funds of the charity.

Prayer Diary fund was a one-off donation for prayer diaries.

Social worker fund represents donations received towards paying salary of a social worker in Kenya.