2023-03-31-accounts - New Life Nyambene

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Objecti	ves and	Acti	viti	es
				SORP reference
Summary ofthe purposes the charity as set out in its			of	Para 1.17	To promote any charitable purpose for the benefit ofthe people ofthe Nyambene Hills
overnin	document				or	elsewhere in Ken a.
Summary ofthe main activities in relation to those				Para 1.17and 1.19	1.	Supporting the rehabilitation and wellbeing ofthe abandoned street
purposes	for the public					children in our care and providing	them
benefit, in	particular,	the				with access to the educational
activities,	projects or	services				opportunities that are their best chance
identified	in the accounts.					ofescaping destitution.
					2.	Ongoing fundraising activity in the	UK.
					3.	Raising awareness ofthe issues
						affecting street children and other	people
						in Kenya affected by famine and
						destitution.
					4.	Monitoring ongoing legal proceedings to protect the charit 's interests.
Statement	confirming			Para 1.18	As	is shown by the activities listed above,
whether the trustees		have			the	trustees have had regard to the guidance
had regard to the guidance issued by the Charity					issued by the Charity Commission on benefit.		public
Commission on public
benefit

					1	Sponsorship level largely maintained.
					2	Furthering the Charity's purpose for the
						public benefit.
Summary ofthe main achievements ofthe charity,				Para 1.20	3	Applying for the second time for matched funding through The Big Give Christmas
identifying	the	difference the				Challenge, which resulted in total
charity's	work	has made to				donations of over Rt0,000 (including Gift
the circumstances			ofits			Aid).
beneficiaries and			any wider		4	Significant improvement in the
benefits to society as a						management and processes ofthe
whole.						Charity's operations in Kenya through
						the efforts ofthe Charity's former trustee
						who was appointed as manager of
						operations in Kenya fora one-year fixed
						term (from December 2021 to December
						2022).
					5	Appointment in October 2022 ofa new
						permanent manager in Kenya, who has
						established excellent relations with both
						staff and children and has already
						achieved significant improvements in the
						care and education ofthe children.
					6	Establishment ofa Kenyan charitable
						trust, which will be able to employ staff
						and own land and buildings. This trust is
						now established, with a number of both
						Kenyan and British trustees, and is in the
						process of opening a bank account in
						order to be in operating.

Financial Review
Review ofthe charity's		Para 1.21	The Charity ended the financial year in a
financial position at the end ofthe period			relatively strong financial position, with reserves representing approximately 6 months' normal expenditure.
Statement explaining the policy for holding reserves statin wh the are held Amount of reserves held		Para 1.22 Para 1.22	The Charity aims to hold reserves equivalent to6 months' expenditure, given its reliance on one-off donations Reserves at 31.03.23were r29,734
Reasons for holding zero		Para 1.22	N/A
reserves
Details offund materially	in	Para 1.24	N/A
deficit
Explanation of any uncertainties about the		Para 1.23	There are no uncertainties about the Charity continuing as a going concern. If income
charity continuing as a going concern			decreases for any reason, this will affect the number of children the Charity can support and/or the level of school or college fees the
			Charity can afford, but this is not expected	in
			the foreseeable future.
Additional information	(optional)
You ma choose to include		further statements	where relevant about
			Approximately 45%ofthe Charity's income
The charity's principal sources offunds (including any fundraising)		Para 1.47	comes from regular donations, and the rest from one-off gifts. In 2022, the Charity participated in The Big Give Chrirstmas Challenge for the second time.
Investment policy and
objectives including any
social investment policy ado ted		Para 1.46
A description ofthe principal risks facing the charity		Para 1.46
Other

Description of charity's	Description of charity's
trusts:
Type of governing	document		Trust Deed (GD2)
How is the charity constituted?		Para 1.25	Trust Deed dated 29.11.2007 (as amended by Deed dated 01.09.2011and further amended by Deed dated 14.02.2017)
Trustee selection	methods	Para 1.25	Invited/selected	by current Trustees
including details of any
constitutional provisions e.g.
election to post or	name of
any person or body entitled
to appoint one or	more
trustees

Income 8 Ex e	nd	iture Account E
				YearEnded	Year Ended
				31.03.23	31.03.22
Income
Regular giving				24,997	16,268
Special gilts and appeals				30,559	37,442
Interest receivable				17	2
				55,573	53,712
Gilt Aid receivable				6,120	5,022
Total Income				61,693	58,734
Expenditure
Children's Project				55,246	44,902
Support for business		start-up projects (see note	1 below)	0	1,273
Legal fees and expenses (see note 2 below)				707	355
Fundraising costs				2,267	2,588
Travel costs to/from and within Kenya (see note			3 below)	1,507	5,018
Publicity coats (see note 4 below)				0	561
Zoom subscription				144	144
Other				40	0
				59„911	54,841
Surplus/(deficit)	of	Income over Expenditure		1,782	3,893
B~lhh I	S
				As At	As At
				31.03.23	31.03.22
Land and Buildings				11,481	11,481
Bank Balances				14,868	12,244
Debtor - HMRC (Gilt		Aid)		3,385	4,227
Funds Available				29,734	27,952
Represented by:-
Balance from 1st	April 2022			27,952	24,059
Current year surplus				1,782	3,893
Total Reserves				29,734	27,952