Afri¢on Promise
Registered charity number 1122285
Trustees, Report & Accounts
for the year ended 31 March 2023

Afri¢on Promise
Index to the Annual A¢counls 2022-23
Legal, Reference and Administralive Infomation
Trustees, Report
Strudure, governonce ond monogement
Objectives & aclivilies
Aehievements & performonce
Finoncial review
Sialemenl ol Trustees, Responsibilities
Risks & $ofeguording
Trusletrs declorotion
Statement of Financial Activities
Balance Sheet
Note5 to the Accounts
10-13
Independent Examiner's Report

Afri¢on Promise
Legal and Administrative Information
Registered Address
97a Siormonl Road
Batlerseo
London SWI 15
Charity number
1122285
Trustees
Chrislopher Ott Ichoirmonl
Gary Shiels ITrea5urerl
Nicola Coldrnan
Founding Dire¢tor/SeMlor
Charles Coldrnan
Prin<ipol bankers (in the UKJ
CAF Bank Lid
Kings Hill
West Malling
Kent ME19 41Q
Principal bankers fin Kenya)
Absa Group Ltd Ilorrnerly Baiclay5 Bonk Kenya)
Voi 8raneh
PO Box 720
Voi 80300
Kenya
Principal currency brokers
Alphts FX Limiled
Brunel Buildin9
2 Canalside Walk
London W2 1 DG
Independent Examiner
Ryon Evan5 FCA
Cadence Accounting
Suite 3, 157 Stolion Rood Eo$t
Oxled
Surrey RH8 OQE

Afri¢on Promise
Trustees, Report for the Annual Ac¢ounls 2022-23
The Trustees pre5enl their Report and Accounts lor the year ended 31 March 2023.
Strudvre, Governance & Management
African Promise 15 0 Chority under the terms of Seclion 3 01 the Ch(3rities Act 1993 ond 2006. The ehority
W05 regi51eied with the Charity Comrnis5ion on 13 lonuory 2008 under the regi51ratrion number
1122285. The charity 15 governed by the Choritroble Trust Deed of l ￿ December 2007.
Under the Trust Deed the power ol oppointing new Tiustees of the Chority 1$ vested in the Settlor, the
charity's founding diredor. The Trustees shall al no lime exceed four in number. There are currently no
official policie5 and procedures lor the induclion and training ol new Iruslees. There were no appoinlmenls
bul one resignation during the year rneaning the Trustees currently number thre&
The Board of Trusleei in conjundion with the founding director, is responsible lor the governance and
slralegic direction of the chority. The lounding director 15 responsible lor ensurins the charity delivers its
objectrives.
Objectives and Activities
Charitable purposes ond public benefit
The principal objeclive ol ihe charily is lo protnote and provide lor Ihe advancetnent of educalion in
pritnary 5choo15 in Kenya, in particular by supporting the development ol schoo15 in the Ka5igau region by
irnproving learning environments, enhancing pupil welfare and well-being, and removing barriers lo
accessing education.
The Iruslee5 have referred lo the guidance contained in the Charity CoTnmission's general guidance on
public benefi't when reviewing the aims and objective5 01 the charity and when plonning the lulure
oclivilies. The Iruslees assess how new aclivilies planned will conlribule lo the overall airns ond objectives
they have set ond periodicolly review exi$ting oclivilitrs lo ensure ongoing public beneh'i.
Adivities
The charityfocuses on the following core activities acr055 It5 partner schooli which currently number eight
serving approximately 3,000 children..
Improvements and upgrades lo inlr051ruclure including through the con51ruclion and renovation of
cla5sroom5, WASH Iwaler, 50nitalion and hygiene) facilitie5, kitchell/dining halls,
oHice5/51affroorn5, SttsH housing, and tnore.
The support ol a feeding programme lo ensure all pupils receive a daily lunchiirne meal during
lemi-lime.
Provision ol lunding towards the salaries ol rnuch_needed extra teachers and support staff
including cooks and walchrnen.
The od_hoc $upply of furniture ond equipment, leorning resourees ond moterioll ond funding for
educolional progromme$ ond oclivities.

Afri¢on Promise
Trustees, Report for the Annual Ac¢ounls 2022-23
To support these acliyilies the charity engages in raising funds frorn the general public and frorn privale
organi5alions in the UK and elsewhere includins by. applying for lund5 frorn registered charitable trus15
and loundalioni hosting public fundraising even15,' pUrcha￿ng places in challenge/endurance evenls,-
appeoling for donations From rnember5 of the publiq and partnering with lundraising chariliei schools,
componie$, businesses ond othei groups and orgoniststions.
To foeilitote this ond io help Ioi5e the piolile ol the chority and to maximi5e income the ehority-.
maintoins o website olwww.afrieonprornise.org.uk ond $ociol media occoun15 on Twiller,
Focebook, Linkedln and Inslagram.
actively uses the Following Ihird-paty plailorms as a means lor colleding donations and raising
fund5 online.. CAF Donate, JustGiving. GlobalGiving Facebook Fundraising, Benevity,
GoFundMe, TheBigGive, Charities Trust, PayPal Giving Fund, Givergy & others.
has a Google Ad gront worth up lo $ l O,OOOpcrn.
use5 Mailchimp lo creote ond send emoil comrnunictstion$ to individual$who have opted_in lo
hear from us.
is registered with HMRC lo clairn Gift Aid on eligible donations.
The chtsrity is registered wilh the Fundraising Regulator ond is eommilted io upholding their Fundroising
PIotn15e in all our fundiai5ing activitie5.
The ehority's doy-to-doy Kndroi5ing ond morketing oclivitie5 ore overseen and implemented by the
founding director, cornplemenled by paid and pro-bono consulianls providing ad_hoc and on-going
support in areas such as PR, graphic design, and digital marketing.
A<hievements and performonce in the year
The charity continued to use ils resources prirnarily lo improve school infraslruclure. lo provide food for a
doily lunchiime metsl ond cleon woter for diinking, cooking and cleoning ond to support other on-going
school running c0515 including the salories ol odditiontsl leaeher$ ond 5UPPOrt sloff a$ well as repoir ond
rnainlenance aclivilie&
The on-going redeveloprnenl ol our eighth partner school al Mkarnenyi Primary remained our focus and
particular activities there in the year included the conslrudion ol a kitchen and dining hall, inslallalion of
60,000 lilres ol rainwater harve51ing and storage capacity, and landscaping works lo create a central
coutyard and a5sernbly ground area. Total expenditure on the project, which was initially budgeted al
approxirnately £250,000, now totra15 around £225,000. It 1$ onticipated that the majority of planned
works will be cornpleted before the end 012023/24 and ihe final c051 will be c105er to £300,000.
Awoy from Mkamenyi, smoll_seole projects were undertaken at some ol our other seven portner schools.
Thi5 included the construction ol storerooms, inslallalion ol addilional rainwater horvesling & storage
capacity and new toilels. The charity also funded the creation ol a fenced kitchen garden space al our
smallesl partner school, Ngurnbenyi Primary, which we hope will be a smoll slep lowards the school
becorning tnoie self_suffi'cient both by being able to grow some of its own food and tro sell exce55 10
genertste on income.

Afri¢on Promise
Trustees, Report for the Annual Ac¢ounls 2022-23
The addition from April 2022 of Mkamenyi Primary and 115 600 pupils as beneliciaries of food provided
by the charity rneanl that, in cornbinalion with on-going rises in the price of foodstuffs, expenditure on our
'Feeding Minds, programme increased by 54 /. From 2021 /22 10 £54,473 in the year. We exped
similar or even higher levels of expendibjre in 2023/24.
The charity donated, in cash, a lolal ol KES 3,734.4001£25,721 I directly lo schools during the year
which wo$ used to portially fund the salories of cireo 75 extro staff, ond troword$ vital rnoinlenanee ond
upkeep aetivihe5 $ueh os iepltscing broken/mi5$ing window glozing, repoir of fumilure, ond repoinling.
Wiihoul this support schools would be severely underslaffed and lacililie5 would Fall inlo a slate of
disrepair.
Given the existing demand on the charity'5 resources and the arnounl of work still required in some ol our
oldest partner 5choo15 to equip Ihern with lacililie5 that have become part of the AP 'model school, and lo
bring them up to the Some stondord os our more recenl portner schools, the Tru5tee5 hove re501ved thol for
the time-being trhe chority will continue lo focu5 115 efFor15 only on its existing nelwork ond consequently
there ore no plans to extend our support to otrhei neighbouring schools, in any shape or Form.
Fund generation
Income continued lo be generated From a broad and diverse range o150urces and reached a record high
£227,13312021 /22.. £212,3291 in the year. There was no change lo the charity's rneihods and
proees5 for roi5ing lunds in the yeor which 15 rellected by the almosl identical expendilure on fundroi5ing
ond markelirig oclivitie$ of £14,021 compored to the pre￿0V5 yeor l£14,1491. C0515 incurred ineluded
Monthly consultancy, rnonogement ond platForm lees, hire ol donahon terrninols, and other lundroising
rnalerials and resource5.
Trust5
237,500116.5Y.I
Individuals
£46.846120.6°AI
Income
£227,133
Community & events
£19,48518.6/1
Corporate
£117,275151.61.1
Gift Aid & other
26,02712.6/.1
For a second year in a row income was inllaled by an unusually large and/or unexpected one-oFF
donolion, this lirne ol £1 00,000 Irorn our long-time corporate partner Aspect Capital following £50,000
received from Childrensalon in 2021 /22. A further donation of £12,814 from Childrensalon in
2022/23 meont that incotne Irom Ihe5e two donor5 olone oceounted for 50/0 of trotal income in the year.

Afri¢on Promise
Trustees, Report for the Annual Ac¢ounls 2022-23
Other notable income and revenue generating achvilies in the year included-.
Our sixth onnual Chrislmus Carol Service which raised around £2,900 after c051s plus £1,840 in
o$socitsted donotion
Donolion5 totalling £5,188 (excluding Ju51Giving lees ond Gifr Aid) raised by nine-yeor-old
Freya Hyslop who undertook o week_long l Ookm wolk to school ehollenge.
A 15" birthday Prize Drawwhich generated £700 Inell.
Around £3,200 raised by pupils al Hilden Grange School frorn a walking challenge that
concluded our charity of the year partnership lor the 2(T21 /22 acadernic year.
£15,000 raised frorn the BigGive Chri51m05 Challenge 2022 including frorn donotions ond
matching lund5 frorn funder
Donation5 from long-term ptsrtner$ ond svpporters Art150n5 & Adventuieis l£1,0531, Hozel's
Footprin15 Trust I£0,5001, Hugh Syrnons Charitable Tru511£5,0001, Mageni Trusl1£2,5001,
Souter Charitable Tru511£5,0001 and Ralanben Zaverchand Kara Foundation (£1 1,0001.
The Tru51ees would like to ploce on record their sineere ihonk$ to oll those who hove supported the ehority
and ils partner schools, their staff, and pupils in some capacity during the year.
The TIu5tees do not onticiptste any materitsl change lo the chority's fundroising 51rotegy in 2023/24 ond
rernain conlidenl that the charity has the necessary capocity and resources lo raise 5uFFicienl lunds lo meet
ils obligations and comrnilmen15 going forward. However, wiihoul similar size donation5 Irorn either Aspect
Capital or Childrensalon il is likely that income will fall back lowards pre 2021 /22 level5.
Financial Review
Summary of finoncial position
The Statement of Finonciol Activities tro follow Ipage 81 $how$ the combined income and expendilure ol
the charity in the UK and Kenya For the year lo 31" March 2023. The accounts show lolal incorne for the
year of £227,13312021 /22.. £212.3291 against expenditure of £176,19912021 /22.. £192.0651,
resulting in a surplus of £50,748 after accounting For exchange rate gain5. The year c105ed with lolal
fund5 01 £145,707 of which £91,312 wos held in restrieled fund
The relatively high level of Mnd5 15 ltsrgely occounted lor by two factor& Firstly, thol two thirds of the
charity'5 income wo$ received in the linal four monih5 01 the year ond there had not been the opportunity
to Spend it btrfore the year-end and Secondly, that ihe figure includes lund5 thot hod been received in
2021 /22 bul Sel aside lor expenditure in 2023/24.
1115 anlicipaled Ihal the charity will operale al a deficit for the 2023/24 Financial year.
Reserves policy
It is our policy lo maintain sufficient funds in reserve lo enable core aclivilies lo continue over a period of 3
months should o shortFall in ineome oecur ond to take occount of potentiol risks Ihatr moy orise. The
Truslee$ hove deleimined this os approxirmtely £9,000 for the lorthcoming yeor.

Afri¢on Promise
Trustees, Report for the Annual Ac¢ounls 2022-23
The charity held 'lree general lunds 01 £54,395 al the year-end which is significantly oboye the Truslees,
largel. This was largely because hvo thirds of the charity's income 01 £227.133 was received in the Final
four months of the year and there had not been the opportunity lo spend il before the year-end.
The Trustees believe Ihal the scale ol our current operations requires no change lo the reserve5 policy.
Curren<y exchange
As in previous years, the charity used lorward conlracls lo provide greater budgetary certainty and lo
rnitigale ogoinst volatility in exchange rate5. The Tiustee5 had sel the budseted exchtsnge iale for the year
ot 145KES..£ I bosed on o lorword currency controet for KESI 5,000,000 al o role of 145.15 wilh o
volue date of 17.02.2023 thatr wos booked in February 2022. During trhe yeai, on odditional forward
contract lor KES5,000,000 was booked al a rale of 145.5, resulting in an adual average exchange rate
for the yeor of 145.1912021 /22.. 142.081.
The Trustees have sel a budgeled exchonge rale of145 lor the 2023/24 financial year having booked o
forword conlroct for the period to the value of KESI 5,000,000 ot o role of 143.5.
Stalement of Trustees, Responsibilities
Cornpany law require5 the Iruslees lo prepare financial slalemenls Ihal give a true and fair view ol the
51tsle ol the affairs ol the charity al the end ol the finonciol year and ol its incoming resourees and
applicolion ol ie50urce5. In preparing these linancial 5talernen15, the TIu51ee5 ale required to=
select suilable accounting policie5 and then opply them consi51enily.
rnake judgments and eslirnales that are reasonable and prudent.
slate whether applicable accounting standards have been Followed, subjed lo any material
departures disclosed ond exploined in the finoneiol strolernent4 ond
prepare the financitsl stotements on o going concern bosis unle5$ IF 15 inoppropriole to presume
that the charity will continue in operation.
The tru5tee5 ale responsible for mointoining proper oecounling reeord5 thot disclose wilh rets50noble
occurocy at ony lime the finaneiol p05i1ion of the chtsrity tsnd which enables them lo ensure that the
financial statements comply with Ihe Cornpanie5 Act 1985. The trustees are olso responsible lor
saleguarding the assets ol the charity and lor laking reasonable steps for the prevention and detection of
fraud and other irregularities.
Risks & safeguarding
The Iruslee5 have identified and assessed the major ri5k5 to which the charity is exposed, including internal
fraud, currency market volatility, loss ol key individuals, and reliance on few lunder& Systemi processes
and measures have been established lo miligale Ih05e risks including robust Financial recor&keeping, the
Use of currency forwards, building the Tiustee5 working knowledge of the chority and o locus on
diversifying income ond incre05in9 ihe level of unrestrieted incorne.

Afri¢on Promise
Trustees, Report for the Annual Ac¢ounls 2022-23
African Promise ensure5 slalulory requirements concerning disclosure checks ore mel, rnainlain5 an up-lo-
dale saleguarding policy and procedures, and provides safeguarding training lo all staff and volunteers.
There were no reported saleguarding incidents in the year.
Declaration
The TIu5tees' Report wos opproyed by the Trustetr$ ond $igned on their beholl by-.
Trustee
Date
Christopher Ott
Chairman
Gary Shiels
Treasurer

African Promise
Statement of Finoncial Activities for the Annual A¢¢ount$ 2022/23
Unre51ricled
Resliicted
Total
Totol
Fund5
2023
Fund5
2023
Funds
2023
Funds
2022
Notes
Incoming resources
Incoming resovrces from generated funds
Volunlary incorne
Gift Aid & investmenl income
174,297
5,006
47,830 222,127 204,916
5,006
7,413
47,830 227,133 212.329
Total incoming resources
179,303
Re￿Vr¢•5 expended
Charitable activities
Costs ol generating voluntary income
Governance & adrninislralion
12,224
14,021
6,505
143.369 155,593 170,535
14,021
14,149
6,505
7,381
Total resources expended
32,750
143.369 176,119 192.065
Net income resources before transfers
146,553
195,5391
51,014
20.264
Transfers
1125,7911
125,791
Goins ond Ilosse51 on currency exchange
Net movement in funds
1281
12381
12661
2,209
20,734
30,014
50,748
22,473
Total funds brought forward
Total funds Carried forward
33,661
61,298
94,959
72,486
54,395
91.312 145,707
94,959

African Promise
Balance Sheet for the Annual Accounts 2022/23
Total
Funds
Total
Fvnds
2023
2022
Notes
Fixed assets
Current ossets
Debtor$
Cash al bank and in hand
CAF Bonk CAFCash oceouni #00016284
145,068
145
77,208
95
Pounds sterling cash
Absa Bank account #0541079831
Absa Bank occount #0541082433
Kenyan shilling in cash
Alpha FX oceount
Total current assets
13,902
4,386
1,109
1,125
976
5,379
153,807
96,759
Liabilities
18,1001
11,8001
Net assets
145,707
94,959
Funds ofthe charity
General 'lree funds
Reslricted funds
54,395
91,312
33,661
61,298
Total funds
145,707
94,959
The Accounts were approved by the trustees on
and signed on their behalf by:
Gary Shiels
Treasurer

African Promise Notes to the Annual Accounts 2022/23 

## 1. Accounting Policies 

The principal accounting policies are summarised below. They have been applied consistently throughout the period. 

## a) Basis of accounting 

The Accounts have been prepared under the historical cost convention, in accordance with applicable accounting standard and comply with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005). 

## b) Fund accounting 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. 

## c) Incoming resources 

Income is recognised in the period in which the charity is entitled to receive it and when the income can be quantified with reasonable accuracy. 

Grants are recognised when the charity becomes beneficially entitled to them. Investment income is included when receivable. Incoming resources from tax reclaims are included at the same time as the gift to which they relate. 

## d) Outgoing resources 

The cost of charitable activities includes costs incurred by the charity in carrying out its activities and services. It includes costs directly attributed to those activities and a share of indirect costs necessary to support them. 

Governance costs comprise the costs associated with meeting the constitutional and statutory requirements of the charity and include any costs associated with the preparation and examination of statutory accounts. 

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs which relate specifically to a particular activity are allocated wholly and directly, others are apportioned between different activities on an appropriate basis. 

## e) Foreign exchange 

This includes any gain or loss arising on translating transactions carried out in Kenyan Shillings to GB Pounds and vice-versa. Transactions during the year are translated at an average exchange rate for the year and closing cash balances are translated at the year-end exchange rate. 

## f) Assets 

Kenyan cash and bank balances are converted to GB Pounds using the exchange rate operative at the year-end date. 

10 



## African Promise 

## Notes to the Annual Accounts 2022/23 

## 2. Analysis of incoming resources 

|2.<br>Analysis of incoming resources|||||
|---|---|---|---|---|
|<br> <br> <br>Voluntary income<br>Individual giving<br>Trusts & foundations<br>Corporate<br>Supporter/community fundraising<br>Events<br>Charities & partners (inc. Kids4Kenya)<br>Investment & Gift Aid income<br>Interest<br>Gift Aid|Unrestricted<br>Funds <br>2023 <br>£ <br>  <br>35,897<br>7,500<br>116,570<br>5,695<br>7,614<br>1,021<br>174,297<br>146<br>4,860<br>5,006|<br>Restricted<br>Funds <br>2023 <br>£ <br>  <br> <br>10,949<br> <br>30,000<br> <br>705<br> <br>6,176<br> <br>-<br> <br>-<br> <br>47,830<br> <br>-<br> <br>-<br> <br>-|Total<br>Funds <br>2023 <br>£ <br>  <br> <br>46,846<br> <br>37,500<br> <br>117,275<br> <br>11,871<br> <br>7,614<br> <br>1,021<br> <br>222,127<br> <br> <br>146<br> <br>4,860<br>5,006|Total<br>Funds<br>2022<br>£<br> <br>41,211<br>64,910<br>71,459<br>20,216<br>6,499<br>622|
|||||204,916|
|||||-<br>7,413|
|||||7,413|



## 3. Analysis of resources expended 

|3.<br>Analysis of resources expended||||||
|---|---|---|---|---|---|
|<br> <br> <br>Projects & programmes<br>Infrastructure & buildings<br>Resources & equipment<br>Learning programmes<br>Teacher & support staff salaries<br>Feeding programme<br>Water supply<br>Support costs<br>Staff costs<br>Travel, transport & accommodation<br>Office costs<br>Fundraising materials & services<br>Advertising, PR & website<br>Challenge events<br>Events<br>Bank charges<br>Regulatory & membership<br>Other|Charitable<br>Activities<br>2023<br>£<br>52,263<br>4,366<br>-<br>23,014<br>54,473<br>2,241<br>14,431<br>3,574<br>1,231<br>-<br>-<br>-<br>-<br>-<br>-<br>155,593|Fundraising<br>& marketing<br> <br>2023 <br> <br>£ <br>  <br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br> <br> <br>6,912<br> <br>-<br> <br>-<br> <br>2,161<br> <br>1,641<br> <br>-<br> <br>3,307<br> <br>-<br> <br>-<br>-<br> <br>14,021|<br>Gov. &<br> <br>admin<br>2023 <br>£ <br>  <br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br> <br> <br> <br> <br>3,456<br> <br>-<br> <br>971<br> <br>-<br> <br>-<br> <br>-<br> <br>-<br> <br>171<br> <br>107<br> <br>1,800<br> <br>6,505|Total<br>Funds <br>2023 <br>£ <br>  <br> <br>52,263<br> <br>4,366<br> <br>-<br> <br>23,014<br> <br>54,473<br> <br>2,241<br> <br> <br> <br> <br> <br>24,799<br> <br>3,574<br> <br>2,202<br> <br>2,161<br> <br>1,641<br> <br>-<br> <br>3,307<br> <br>171<br> <br>107<br> <br>1,800<br> <br>176,119|Total<br>Funds<br>2022<br>£<br> <br>71,908<br>16,711<br>536<br>24,553<br>35,451<br>1,536<br>24,567<br>4,451<br>2,513<br>2,164<br>1,696<br>660<br>2,575<br>261<br>663<br>1,821|
||||||192,065|



11 



## African Promise Notes to the Annual Accounts 2022/23 

## 4. Support costs 

## Staff costs 

Staff salaries are allocated 100% towards charitable activity for Kenya staff and 40% charitable activity, 40% fundraising and 20% administration for our Director's consultancy fees. All office and staff costs incurred in Kenya are allocated 100% towards charitable activities. 

## Fees for examination of the accounts 

The independent examiner is charging a fee of £1,500 +VAT for their services. 

## 5. Taxation 

The charity is exempt from corporation tax on its charitable activities. 

## 6. Gains and losses on currency exchange 

|6.<br>Gains and losses on currency exchange|||
|---|---|---|
|<br> <br> <br> <br> <br> <br> <br> <br>Opening cash and bank balances translated<br>at closing rate for the previous year<br>Kenyan shillings 2,755,451.55 @142.08<br>Income less expenditure for the year translated<br>at average rate for the year<br>KES (2,288,532) @ 145.19<br>Kenya expenditure at budgeted average rate less Kenya<br>expenditure at actual average rate<br>KES 17,043,932 @ 145.00 less KES 17,043,932 @ 145.19<br>Closing cash and bank balances translated at<br>closing rate for the year<br>Kenyan shillings 466,919.55 @ 145.19<br> <br> <br>7.<br>Liabilities<br> <br> <br> <br> <br> <br> <br> <br> <br>Independent examiner fee (2022/23)<br>Independent examiner fee (2021/22)<br>Golf Day entry fees<br> <br>|2023 <br>£ <br>  <br>19,394<br>(15,762)<br>(154)<br>(3,216)<br> <br>266<br>2023 <br>£ <br>  <br>1,800<br>1,800<br>4,500<br> <br>8,100|2022<br>£<br> <br>3,866<br>15,699<br>(2,381)<br>(19,394)|
|||(2,209)|
|||2022<br>£<br> <br>-<br>1,800<br>-|
|||1,800|



## Details 

## Golf Day entry fees 

Entry fees and sponsorship for our inaugural Golf Day due to be held on 11 May 2023 were held in a debtors account until completion of the event. 

12 



## African Promise 

## Notes to the Annual Accounts 2022/23 

## 8. Movement in funds 

|8.<br>Movement in funds|||||||
|---|---|---|---|---|---|---|
|<br> <br>Restricted funds<br>Projects & programme management<br>Feeding Minds<br>Teacher salaries<br>Toilets4All<br>Water4Schools<br>Ngambenyi Primary School<br>Kiteghe Primary School<br>Mkamenyi<br>Mkamenyi (furniture)<br>Mkamenyi (rainwater)<br>WASH<br>Textbooks4All<br>Right2Play<br>Unrestricted funds<br>General funds|Balance at<br>01.04.22<br>£<br>144<br>48,324<br>333<br>30<br>1,110<br>3,530<br>-<br>(3,411)<br>98<br>-<br>11,144<br>(4)<br>-<br>61,298<br> <br> <br>33,661<br>33,661<br>94,959|<br>Incoming<br>Resources<br> <br>£<br> <br>-<br> <br>23,566<br> <br>353<br> <br>236<br> <br>-<br> <br>6,500<br> <br>3,070<br> <br>1,000<br> <br>-<br> <br>10,000<br> <br>-<br> <br>-<br> <br>3,105<br> <br>47,830<br> <br> <br> <br>179,303<br> <br>179,303<br> <br>227,133|<br>Transfers<br> <br> <br>£ <br>  <br> <br>19,088<br> <br>57,019<br> <br>22,380<br> <br>4,749<br> <br>2,365<br> <br>(4,236)<br> <br>(1,601)<br> <br>33,141<br> <br>-<br> <br>-<br> <br>(7,114)<br> <br>-<br> <br>-<br> <br>125,791<br> <br> <br>(125,791)<br>(125,791)<br> <br>0|<br>Outgoing<br>resources<br>£ <br>  <br> <br>19,205<br> <br>54,473<br> <br>23,014<br> <br>5,007<br> <br>3,467<br> <br>868<br> <br>-<br> <br>30,674<br> <br>-<br> <br>4,620<br> <br>-<br> <br>-<br> <br>2,041<br> <br>143,369<br> <br> <br> <br> <br> <br>32,750<br> <br>32,750<br> <br>176,119|Losses on<br>Currency<br>£<br> <br>26<br> <br>69<br> <br>52<br> <br>8<br> <br>8<br> <br>2<br> <br>-<br> <br>58<br> <br>-<br> <br>10<br> <br>-<br> <br>-<br> <br>5<br> <br>238<br> <br> <br> <br> <br> <br>28<br> <br>28<br> <br>266|Balance at<br>31.03.23<br> <br>£<br> <br> <br>1<br> <br>74,367<br> <br>-<br> <br>-<br> <br>-<br> <br>4,924<br> <br>1,469<br> <br>(2)<br> <br>98<br> <br>5,370<br> <br>4,030<br> <br>(4)<br> <br>1,059|
|||||||<br>91,312|
|||||||<br> <br> <br>54,395|
|||||||<br>54,395|
|||||||<br>145,707|



Details of selected restricted funds 

## Feeding Minds 

Incoming funds included proceeds of £14,719 from the BigGive Christmas Challenge 2022 and a grant of £2,500 from The Souter Charitable Trust. 

## WASH 

Transfers of £4,749 and £2,365 were made to the Toilets4All and Water4Schools funds respectively to cover the cost of Water, Sanitation and Hygiene (WASH) related projects. 

13 



Afri¢on Promise
Independent Examiner's Report for the Annual Ac¢ount$ 2022-23
I report lo the Iruslees on my exarninalion of the accounts ol African Promise (the Trusil for the year
ended 31 March 2023.
Responsibilities and basis of report
As the ehority tru$tee5 01 Ihe frustyou ore respon$ible lor the preporolion ol Ihe occount$ in oceordtsnce
with the requirernen15 01 the Charilies Acl 2011 I'ihe Acl'l.
I report in respect of my exarninalion of the Trust's accounts carried out under Section 145 01 the 201 l Act
and in carrying out my examination I have Followed all the applicable Diredions given by the Charity
Commission under seclion 14515llbl ol the Ad.
Independent exominer's statement
I have cornpleled rny examination. I confirrn that no material motler5 have come lo rny atlenlion in
connection with the examination giving rne cause lo believe Ihal in any material respecl..
{1 } accounling records were not kept in respect ol the Trust as required by sedion 130 of the Acl,.
or
{2} the accoun15 do not accord with Ih05e record5,' or
{3} the accoun15 do not eomply with Ihe opplicoble requirements concerning ihe Form ond eontenl of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and lair, view which is not a rnatter considered as part
of an independent examination.
I have no concerns and have come across no other matter5 in connection with the examination lo
which attention Should be drawn in this report in order lo enable a proper underslanding ol the
occoun15 to be retsched.
Name.. Ryon Evan5
Relevant professional qualiPication or body: FCA qwlified _ Member of the Inslilule ol Chartered
Accounlanls in England and Wales IICAEWI
Address.. Codenee Accounling, Suite 3, 157 Siotion Road Easl, Oxled, Surrey, RH8 OQE
Dale: