REGISTERED CHARITY NUMBER: 1128290
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for Kirima Limited
Peter Upton Bridge House 2 Bridge Avenue Maidenhead Berkshire SL6 1RR
Kirima Limited
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
Kirima Limited
Report of the Trustees
for the Year Ended 31 December 2022
The trustees, who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives
The objectives of the Charity are:
(i) To advance the education of pupils at Kirima Parents' Primary School, Great Lakes High School, Great Lakes Regional College/University, Nyakabungo Parents' Primary School and Nyamirhama Parents' Primary School.
(ii) The preservation and protection of public health.
The Charity aims to achieve its objectives by raising funds through child sponsorships and donations, by providing funds for capital projects and ongoing operations at the supported educational establishments, by assisting staff at these establishments with strategic and financial management, by encouraging partnering arrangements between English schools and Higher Education Institutions and the supported Ugandan schools and college, and by skills transfer programmes. In order to achieve these aims, representatives of the trustees visit the Ugandan schools and college at least once a year, self-funded.
It is a fundamental principle of the Charity that administrative costs are kept to an absolute minimum. Consequently a high percentage of the Charity's income goes directly to the work in Uganda.
Summary of activities
In 2022, the main activities of the Charity involved the support of the following four institutions in the Diocese of Kinkizi, South West Uganda:
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Kirima Parents' Primary School
-
Nyakabungo Parents' Primary School.
-
Great Lakes High School
-
Great Lakes Regional University (GLRU) (formerly known as Great Lakes Regional College)
This support included providing regular funds towards the running costs of each of the schools alongside money for capital projects such as the construction of new buildings. In addition, funding towards the running costs of Great Lakes Regional University was provided.
The Charity continued to operate a hardship fund to help orphans and other children from poor families attending Great Lakes High School.
There were specific donations for the Katate Hospital in Kanungu for health benefit.
Trustee visits: 2 separate Trustee visits were possible in 2022 post Covid, in March and July. A trustee from a German charity, Dr Holger, with whom we have links and who supports GLRU and the local health centre, - also visited and reported back to us in 2022.
Public benefit
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The Charity's activities deliver benefits to people in rural Uganda, helping to create sustainable education and development. The funding provided by the Charity is key to ensuring that children in the supported region are given high quality education opportunities that would not otherwise exist.
Sponsoring children through the Charity not only provides them with educational opportunities but also funds health projects that benefit their wider families. These can take the form of clean water projects and mosquito nets which, despite being low cost interventions, can make a dramatic difference. As well as this we also provide food for the children, with daily pupils getting breakfast and lunch and boarders receiving three meals a day. This has a significant benefit to public health.
Page 1
Kirima Limited
for the Year Ended 31 December 2022
Report of the Trustees
ACHIEVEMENTS AND PERFORMANCE
Kirima Parents' Primary School
The Charity's objectives for the period were to continue to raise sponsorship and donations in order to provide adequate financial resources to enable the school to function effectively, and to fund any infrastructure requirements.
These objectives have been largely achieved with the school operating effectively and final year pupils performing very well in the national examinations. The number of pupils has remained stable for the new academic year that started in February 2022. The headteacher, Steven Natuyamba, who was appointed in September 2018, has performed well.
Sponsorship levels at the year-end remained unaltered, with 265 children sponsored. The monthly amount sent to maintain the operation of the school has continued. Food prices have been higher and so more money was sent for food costs.
In terms of capital projects: A school bus to be shared amongst the schools was funded for sports matches with other schools and school trips. Replacement furniture needed to be funded as the schools re-opened post lockdown.
The results of exams done for Year 7 (final primary year) in Dec 2022 were very good in comparison with other local schools.
Great Lakes High School
The Charity's aims for the period were to provide adequate financial resources to enable the school to function effectively.
The Charity is able to report that the school has had a very good year with pupils attaining good grades in their GCE O Levels and higher than before grades for the A levels. 18 pupils now have national scholarships for University due to their high performance at A level. The Headteacher, Laban Mwesigye appointed in December 2019 is performing well.
The ongoing aim is to increase the number of children who are sponsored so that income becomes more reliable and predictable.
A Hardship fund continues to contribute £3,600 p.a. so that 20 orphans and other needy children attending the school receive extra support.
Annually, the Charity provides £3,000 for new science kit, which is used in the labs for practical lessons. Food prices have been higher than the previous year and so more money was sent for food costs.
Nyakabungo Parents' Primary School
The Charity has only been fundraising for this school in more recent years with a group of churches and schools in mid-Cheshire (known as Harambee group) focusing interest on this school. The school is in a very poor part of Uganda.
It has now reverted to being a day school only with lunch provided following a period when boarders were taken during the pandemic.
It had over 300 pupils in 2022.
Great Lakes Regional University (GLRU)
The Charity's aims for the year were to assist the University to consolidate its development and ensure that all students who complete courses are fully certificated.
Although the university is partly self-sufficient for its running expenses, there is a continuing requirement for some help with its ongoing salaries, IT and other costs. A single UK donor has provided most of the funds for GLRU via the charity. We continue to liaise with the USA funders who primarily fund the SEED science institute at the university.
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Kirima Limited
Report of the Trustees
for the Year Ended 31 December 2022
FINANCIAL REVIEW
Financial position at 31 December 2021
The financial position at the end of the year is set out in the accounts which are presented alongside this report.
Principal funding sources and methods
The principal funding sources for the Charity are child sponsorships and donations, together with fundraising activities by supporting organisations including Highgate School, Tranby School, previously Hull Collegiate, Felsted Schools, "HARAMBEE" Hartford churches and schools, Carr Lane Primary school, Hull and other Churches in England. Donors are encouraged to Gift Aid their contributions and consequently the Charity has been able to maximise income by claiming this Gift Aid from HM Revenue and Customs.
Monies are retained in two bank accounts, one for Kirima Parents' Primary School and one for Great Lakes Regional University, Great Lakes High School and Nyakabungo Parents' Primary School. Monies are remitted from these bank accounts to the bank accounts of the respective schools and University in Uganda. Payments are made monthly in respect of Great Lakes High School, Nyakabungo Parents' Primary School and Kirima Parents' Primary School, and as needed and agreed for Great Lakes Regional University.
As has always been the case, 2 UK signatories are required for all transfers from the charity bank accounts.
Follow up to issues identified in 2020
The financial arrangement between Kirima Ltd and CHIFCOD (the NGO in Uganda who administer the projects) worked well for twenty years, but in Jan 2020 we learned that the funds, sent to support capital projects in the three schools and GLRUniversity, were diverted without consultation by our CHIFCOD Link Trustee, Rev Hamlet Kabushenga, to an educational institution project not supported by us, as an emergency measure after that project ran into financial difficulties. The immediate impact was that some planned projects at the three schools had not been completed.
The Kirima Ltd Trustees have since taken continuing steps to reform CHIFCOD, change its leadership and help ensure robust financial controls. Despite the misappropriation of these funds, the schools were otherwise operating effectively.
We funded a 2nd wider audit in 2022, to be carried out in Uganda of the systems and finance flows at the 3 schools and GLRU. Many improvements have been made e.g. in the record keeping, all staff salaries being by bank transfer and no cash payments for works whenever possible. The trustees in Uganda have changed. The individual responsible for the misuse of funds, Rev Hamlet Kabushenga, is no longer able to access any of the funds we send to Uganda.
As a matter of course, we formally notified the Charity Commission about this incident on 16 April 2020 and they responded positively to the actions we had taken and to the planned next steps. We also informed-our sponsors and donors.
We have at least weekly telephone calls with our main link in Uganda, Mr Honest Wilkins, lead for the Ugandan charity overseeing GLRU and the schools.
We send all the money, which has been secure throughout 2022, to" Great Stewards of Hope", a Ugandan charity set up to replace CHIFCOD in Uganda, to ensure the money the UK charity sends is only used as intended for the schools and GLRU.
We are in the process of having three of the Kirima Ltd trustees appointed as members of the Great Stewards of Hope charity so that we have control of its affairs, as advised by our solicitor.
Money has been provided to all 3 schools and additional funds to Honest Wilkins and Eleanor Nyamishana, the 2 leads of Great Stewards of Hope, for specific security needs.
From specific individual donors only, the charity has had to pay bills in 2022 for legal and audit work done on our behalf in Uganda. The Ugandan lawyers are still working on helping us pursue Rev Hamlet Kabushenga through the Ugandan legal system. No money intended for the schools is used for the legal/ audit work.
It is hoped that the outcome of the legal work will enable us to continue supporting the schools and University.
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Kirima Limited
for the Year Ended 31 December 2022
Report of the Trustees
FINANCIAL REVIEW
Reserves policy
This was agreed on 22 August 2017, and is summarised thus:
The Charity will call upon each of the schools to provide to it as much information as they can (including by way of forecasts), and to provide as much warning as they can, about their expected needs for funding.
The Charity will:
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1) monitor as closely as it can what those relative needs are
-
2) endeavour to maintain sufficient reserves to cushion:
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a. any halt in, or substantial reduction in income
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b. the impact of any unexpected short-term need
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3) continue to invite donors of funds which would otherwise be restricted to agree to allow those funds to be treated as unrestricted if, in the opinion of the Trustees, that is appropriate
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4) subject to the above, endeavour to build up capital reserves
The money raised by the Charity has been used for two different purposes, these being constructing and fitting out school facilities at the schools supported in Uganda and assisting to meet the running costs of the schools. To the extent that the Charity is meeting the capital costs of constructing and equipping school buildings, reserves are kept to a minimum with monies being raised and spent on charitable purposes in accordance with the programmes of work agreed with the education institutions supported by the Charity.
FUTURE PLANS Kirima Parents' Primary School
For 2023 the Charity's aims are to continue to fund the running costs of the school
Great Lakes High School
The Charity's aims for 2023 are to increase the number of sponsors for pupils attending the school so that it can sustainably send over £4,310 per month to help fund the running costs of the school.
New Ugandan guidance re vocational learning at high schools in Uganda, will need to be funded to enable more vocational subjects to be taught e.g. carpentry, entrepreneurship.
The IT equipment needs updating if funds allow, towards the end 2023.
Nyakabungo Parents' Primary school
The Charity's aims for 2023 are to increase the number of sponsors for pupils attending the school so that it can sustainably send £2,000 per month to help fund the running costs of the school. It will be important to support the school to be at full capacity post lockdown.
For all 3 schools:
- a staff development fund is hoped to be funded in late 2023.
Great Lakes Regional University
We hope that GLRU will be able to fund a greater proportion of its costs in the medium term, but international support from a private donor will continue to be required.
It is also supported from charitable donations from USA. We talk with the USA donors regularly to coordinate support.
Future visits to all the schools and GLRU are planned for 2023.
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Kirima Limited
Report of the Trustees
for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing documents
Kirima Limited is a charitable company limited by guarantee, incorporated on 23 October 2008 and registered as a charity on 26 February 2009. The Chaity was established under a Memorandum of Association which established its objects and powers and is governed under its Articles of Association. In the event of the company being wound up each of its members is required to contribute an amount not exceeding £100.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the Charity's Articles are known as members of the charity. Under the requirements of the Memorandum and Articles of Association new trustees must be approved by the directors before they can be admitted into membership.
When new trustees are required, suitable candidates are identified informally on the basis of the skills that are needed at the time. Such candidates are invited to informal discussions with the Chairman who makes a proposal to the trustees. The trustees make the final decision on appointment by way of a vote.
Organisational structure
The board of trustees administers the Charity. It is responsible for the strategic direction and policies of the Charity and meets regularly. The board of trustees includes members from a variety of professions, and this brings together a broad range of skills and experience relevant to the management of the Charity.
The Charity has no employees. Its structure is such that (save for reserves) all money raised in the UK is sent to Uganda to be spent furthering the objects of the Charity
Induction and training of new trustees
The trustees are already familiar with the practical work of the Charity. All trustees are briefed on their legal obligations under Charity and Company Law. New trustees are provided with some induction.
Related parties
The Charity partners with CHIFCOD (Child to Family Community Development Organisation) a not-for-profit organisation incorporated and located in Uganda. Founded in 1994, CHIFCOD supports and originally initiated the schools, university, and other projects for which the Charity provides funds.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06731242 (England and Wales)
Registered Charity number
1128290
Registered office
23 Langbourne Avenue London N6 6AJ
Trustees
Dr J R Lewis Dr K J Sennett Mrs J M Challender Rev N Little Mr A Parker Ms S Butterworth Mr A West Rev. M A Barber Mr T L Brown Mr J D Rutherford S Pullan (appointed 14.4.22) (resigned 5.2.23)
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Kirima Limited
for the Year Ended 31 December 2022
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Peter Upton FCA CTA Peter Upton Bridge House 2 Bridge Avenue Maidenhead Berkshire SL6 1RR
Bankers
CAF Bank
Working name
The Charity also uses the working name Volunteer Uganda.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................ Dr K J Sennett - Trustee
Page 6
Independent Examiner's Report to the Trustees of Kirima Limited
Independent examiner's report to the trustees of Kirima Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ERROR - relevant professional body must be completed, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Peter Upton FCA CTA
Peter Upton Bridge House 2 Bridge Avenue Maidenhead Berkshire SL6 1RR
Date: .............................................
Page 7
Kirima Limited
Statement of Financial Activities
for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 2 - Investment income 3 - Other income - Total - EXPENDITURE ON Charitable activities Kirima Primary School - Great Lakes High School - Great Lakes Regional University - Nyakabungo PPS - Other - Total - NET INCOME/(EXPENDITURE) - RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD - |
31.12.22 31.12.21 Restricted Total Total funds funds funds £ £ £ 335,035 335,035 202,885 151,773 151,773 19,000 25 25 - 12 12 6 486,845 486,845 221,891 98,056 98,056 47,609 99,500 99,500 68,808 112,263 112,263 71,345 47,508 47,508 36,219 142,598 142,598 2,427 499,925 499,925 226,408 (13,080) (13,080) (4,517) 79,419 79,419 83,936 66,339 66,339 79,419 |
|---|---|
The notes form part of these financial statements
Page 8
Kirima Limited
Balance Sheet
31 December 2022
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 6 | - | 29,227 | 29,227 | 5,246 |
| Cash at bank | - | 38,072 | 38,072 | 74,773 | |
| - | 67,299 | 67,299 | 80,019 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 7 | - | (960) | (960) | (600) |
| NET CURRENT ASSETS | - | 66,339 | 66,339 | 79,419 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | - | 66,339 | 66,339 | 79,419 | |
| NET ASSETS | - | 66,339 | 66,339 | 79,419 | |
| FUNDS | 8 | ||||
| Restricted funds | 66,339 | 79,419 | |||
| TOTAL FUNDS | 66,339 | 79,419 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Dr K J Sennett - Trustee
The notes form part of these financial statements
Page 9
Kirima Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
In a previous financial period all the unrestricted funds of the charity were exhausted. Due to the nature of the charity's activities, all of its incoming resources are in respect of restricted funds. Therefore on the SOFA and Balance Sheet there are no unrestricted funds column in these financial statements.
Because the charity only has restricted funds all expenditure is charged to restricted funds. Expenditure that directly relates to a particular restricted fund is allocated to that fund. Expenditure that is not directly attributable to a particular restricted fund, for example governance costs, is apportioned to restricted funds by the trustees.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.
2. OTHER TRADING ACTIVITIES
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| for legal fees in Uganda | 151,773 | 19,000 |
continued...
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Kirima Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Interest receivable | 25 | - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. STAFF COSTS
There were no employees during the year.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.
8.
| Gift Aid debtor CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses MOVEMENT IN FUNDS Restricted funds Kirima Primary School Great Lakes High School Great Lakes Regional University & Volunteers Hardship Fund Kirima Building Fund Nyakabungo P P S TOTAL FUNDS Net movement in funds, included in the above are as follows: Restricted funds Kirima Primary School Great Lakes High School Great Lakes Regional University & Volunteers Hardship Fund Nyakabungo P P S TOTAL FUNDS |
31.12.22 31.12.21 £ £ 29,227 5,246 31.12.22 31.12.21 £ £ 960 600 Net movement At At 1.1.22 in funds 31.12.22 £ £ £ 41,333 26,466 67,799 15,060 (37,606) (22,546) (11,747) 14,065 2,318 14,983 72 15,055 199 - 199 19,591 (16,077) 3,514 79,419 (13,080) 66,339 79,419 (13,080) 66,339 Incoming Resources Movement resources expended in funds £ £ £ 267,033 (240,567) 26,466 57,881 (95,487) (37,606) 126,328 (112,263) 14,065 4,172 (4,100) 72 31,431 (47,508) (16,077) 486,845 (499,925) (13,080) 486,845 (499,925) (13,080) |
31.12.22 31.12.21 £ £ 29,227 5,246 31.12.22 31.12.21 £ £ 960 600 Net movement At At 1.1.22 in funds 31.12.22 £ £ £ 41,333 26,466 67,799 15,060 (37,606) (22,546) (11,747) 14,065 2,318 14,983 72 15,055 199 - 199 19,591 (16,077) 3,514 79,419 (13,080) 66,339 79,419 (13,080) 66,339 Incoming Resources Movement resources expended in funds £ £ £ 267,033 (240,567) 26,466 57,881 (95,487) (37,606) 126,328 (112,263) 14,065 4,172 (4,100) 72 31,431 (47,508) (16,077) 486,845 (499,925) (13,080) 486,845 (499,925) (13,080) |
|---|---|---|
| (13,080) | ||
| (13,080) |
continued...
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Kirima Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Restricted funds | |||
| Kirima Primary School | 12,128 | 29,205 | 41,333 |
| Great Lakes High School | 39,489 | (24,429) | 15,060 |
| Great Lakes Regional University & Volunteers | (240) | (11,507) | (11,747) |
| Hardship Fund | 7,533 | 7,450 | 14,983 |
| Kirima Building Fund | 199 | - | 199 |
| Nyakabungo P P S | 24,827 | (5,236) | 19,591 |
| 83,936 | (4,517) | 79,419 | |
| TOTAL FUNDS | 83,936 | (4,517) | 79,419 |
Comparative net movement in funds, included in the above are as follows:
| Restricted funds Kirima Primary School Great Lakes High School Great Lakes Regional University & Volunteers Hardship Fund Nyakabungo P P S TOTAL FUNDS |
Incoming resources £ 78,645 44,975 59,838 7,450 30,983 221,891 221,891 |
Resources Movement expended in funds £ £ (49,440) 29,205 (69,404) (24,429) (71,345) (11,507) - 7,450 (36,219) (5,236) (226,408) (4,517) (226,408) (4,517) |
|---|---|---|
The Kirima Primary School Fund provides money to the Kirima Parents Primary School in Uganda.
The Great Lakes High School Fund provides money to the Great Lakes High School in Uganda.
The Great Lakes Regional University Fund provides money and volunteers to the Great Lakes Regional University in Uganda.
The Hardship Fund provides support to orphans who attend the Great Lakes High School.
The Kirima Building Fund provides money for the replacement of the buildings at the Kirima Primary School which will be demolished to make way for a new tarmac road.
The Nyakabungo P P S fund provides money for Nyakabungo Primary School in Uganda.
continued...
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Kirima Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022 or for the year ended 31 December 2021.
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Kirima Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 246,850 | 174,007 |
| Gift aid | 88,185 | 28,878 |
| 335,035 | 202,885 | |
| Other trading activities | ||
| for legal fees in Uganda | 151,773 | 19,000 |
| Investment income | ||
| Interest receivable | 25 | - |
| Other income | ||
| Interest on Gift Aid | 12 | 6 |
| Total incoming resources | 486,845 | 221,891 |
| EXPENDITURE | ||
| Charitable activities | ||
| Kirima Primary School | 98,056 | 47,609 |
| Great Lakes High School | 99,500 | 68,808 |
| Great Lakes Reg. University | 112,263 | 71,345 |
| Nyakabungo PPS | 47,508 | 36,219 |
| 357,327 | 223,981 | |
| Support costs | ||
| Finance | ||
| Bank charges | 543 | 967 |
| Governance costs | ||
| Accountancy | 960 | 1,460 |
| Legal fees in Uganda | 137,061 | - |
| Trustees visits | 4,034 | - |
| 142,055 | 1,460 | |
| Total resources expended | 499,925 | 226,408 |
| Net expenditure | (13,080) | (4,517) |
This page does not form part of the statutory financial statements
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