REGJSTEKLDCIIARITY NUMBER- 1121290 Rt t of the TnJ5t Unudited FinAncil Stst¢ments tor thc Ye4r Ended JI Deeeniber 2023 for Klrfma Llmlted P¢l¢r Dpton Bridge House 2 Bridge Avenue Mllid¢nh¢ad Berkshire SL61RR
Kirlma Limited Contents of the FIN¢1a] Statements for the Ye r End¢d 31 Detember 2023 P8g¢ Report of tht Trustees IndÈp¢Ddent Examlntr'$ RepoTt Ststemtnt of Financlal ActlvitiÈs Bilanee Sheet Notes to the Financlal St#itmenls IQ to 13 D¢twlled St8tem¢ni of Flll#nci#l Acttvltl 14
Klrima I.imited rt of ihe Trustees for the l'ear Elided 31 December 2023 The tn151ee5 who are al¥0 directors of Ilie Lhurily fur rhe Purposes of the CoTnpanio4 Aci 20D6. preeni Ihcif rryrt with th¢ finttncial .slaianents ot. Ihe charity fthr ihe ycar e¥)dcd 31 DecLllMb¢r 2U23. The Irusiets hav¢ a(Jopi¢d the proiTr%ions of Accounring and RekKirtin¥ by Chariiies.. SrarLYneni of Rectsmincnded Practice appli¢dblc to chariti&% prcpdTing their aicouni% In 2¢Lordance with ihe Ftnancial Reporting Stsndar(l applicable in the UK and R¢public ot'lreland IFRS 1021 l¢ffe£ii%'e l January 20191. The trusttts, who a al.%0 dITlOr of the Charity for th¢ purtrt)ses of the cQmpani Act 2rf6. present their report with the tinanci&l laleTnents vf the Charity tur the ycdr 31 Decembcr 2n22. The trUbl halt adoptcd iht provi%ion% ot Acwunlin8 and Rq)ortin8 by C'harities.. Statcmwt of Reeoinmended PractiLe applicabl¢ 10 charitio pr¢pJring their arcounts in occordance with th¢ Finanrial Reponing SLdard appli¢&bl¢ in the IJK and Republic ot. Ir¢land IFRS 10?) leffectii l JaTruary 20151. OBJECTIVES AND ACTIVITIES Oblectlves The objLYtives ot the Chariryar¢-. lil To adyancc Ihc cducatiun of pupils #t Kirima Par¢nls' Priinary Sch(K>l, Gre Lakes High School. Grcat Lakes Rt8ional Collegelunivcrsity. N)'ak8bun8D I)areni4 Primary Scknol and NyamirhainB Paw15' Primary S¥hwl. lill The PT&fcrvation and prDte¢iion of public health. The Chariiy aiins 10 ochieit its objectives by raisin8 funds through child wns0h1pS and dijnations. by pra%'iding lunds lor Lapital Ptojeci.s and ongoing orKraiiuns ai the suppona ducaiional etsiknlishm¢nts. by assisting staff ar lh csrablishiiienr.% with sraiegie nd fingncial rnanagcment, by cOuraging pannering arrangetnenls heiw¢¢n F.nglish schoL)Ib and High EduutlVD Inbiiiuiions and Iht support] U¥andgn schools and collcg< and by skill% ¢ransfcr programmo%. In ord¢T ro achicve these aiin8y r¢pr¢5enioijve% ot. th¢ trusttts visit the Ugandan scliLK)Ib and college at l¢asi once a year, self-fund¢d. li is a tundaineniJl prinLipl¢ uf the Charity thai ad]nilliStrlltii'e co5 are kept to an abwlul¢ minimum. Consequently 8 high percentage of thc Charity's incDine goes dimily lo the work in Ugand Swmmiry of •ttlvltles In •023. th¢ main I111t1 nt. thc Charity involvtd th¢.wpport of Ihe lolluwiTrg four initiiurions in the Di£Kw of Kinkizi. Souih Wesi Uganda.. - Kiriina Parcnis, Primary Schnnl - Nyakabungo Pl1, Primary School. Great Lukes High SLhoDI - Kinkizi Srcwards Colleg¢ Iprrparaiory lo opening February 202411 This 5UPPOrt included pTidIng regular tund5 towards the running L'o¥rs of each of the school& alongside money for capital prnjLYts such es theeonslrurtioll Ot n¢w buildings. In additity). funding rowards Ihc establishent ot'Kinki£i Stewwds- College was provided. The Charity wniinued to operat¢ a hordship tiind to help oryhans and other children frotll POOT families att¢nding Gr¢at L4kc5 High School. There were specilic don4tion5 for th¢ Karate H05pilal in Kanungu for health benetit. Trust¢¢ visiis.. 2 separdie Trustee visiis were possible in 2023 in July and No%'ember. A trustee from fy Gertnan charity. HolgeT. with whom wt hDi¢ links. 4nd who supports thc ColleBe and rh¢ Ial health ¢entr< also visited and T¢P(Xted back io us in 20?3. Publlt bweflt In sh8Pirtg Ourobjccti.cs for the ytar and planning our aciivtties the tru.%14 have considLYed the Charity CuminiNsion's 8uidance on public nefit, in¢ludinB the guidan¢¢'public kTrefii'. Nnning a ch&rTty IPB2}'. Th¢ Chgrity'5 aclii'iiics delitrer nefits to Fwplc in rurdl Ugllndg, h¢lping fo credte su%tainable eduLaiion and d¢N'¢lopm¢nt. The fundin& proi.ided by th¢ Ch8Tiry is key 10 ¢nsuriDg that children in ihe supwrted rcgiDn hre gii'en high quality rducation OprtunItieS thai would noi othcnwsc exist. Sponsoring ¢hildr¢n through Ihe Charity not only providts them with educ&tion81 opponunitiL% bui also tunds health pmjects. Ih*i netit their widtr tamilies. These can lake Ihe tomi of ¢l¢an waier projects and tnosqulto nets which. dcspire iK'ing low c(>%1 iniLYventious. cBn Inak-e a dratnaric diffeltncc. As ,¢11 as rhis we also prO.ide fiM)d Ic)r the ¢hildtrn. with daily pupils Kttting br¢akfasi and lunch ancl Ix>ardEts TLx¢iwng ihree meals a day. Thi5 has a signifJc8nt bettetit lo puhlie htrdlih. Page I
KirSm& Limiied R¢ rt of the Trustee5 for the Ytar Ended 31 Detember 2023 AcHIEVEMETs AND PERFoRlANcE Grtlt SteM'#rd$ of Hope In to the ib%utS ariSill8 in 20?0 14¢¢ seuion 'Follo%4' up io i%su¢s identified i ?020'. bclowl. k) new Ugandan NGO 'Great Stewird.% ot Hopd ha5 bccn c%iabli%hd. iogeiher with Ugandan nationals (Eleanor Nyamishatna whoin we hafve know'n for many y¢&rs and Honest Wilkins with whom we have workcd for 5 Yr51. Two ot. thc Kiriina Ltd trusteos or¢ now appointed as Me[nbe of the Great Ste.4rd$ of Hope ¢h8rily. $0 that we h&vc greater intlueni¢ and governance ot'tis atyairs, as advised by our.wliutor. Kirim4 Parenl$' Prlmary School ThL Charity's obj¢Ltii'ts lor the riod wu¢ iu continue to raise 4x>nsorship and dotbatitsns in order to provide adequare linanLial Tesourccs to cnablc the sclitxil to tiinclton ¢tt¢Llively, And to lilnd any infrdStruLiur¢ requirelnents. Th¢s¢ obj¢iivei haie bL largely achie&ed with the xhool operating cffeLtIVLly. Thc number at pupil hLs incr¢aseJ tvr the n¢w acdL)1ii¢ )'caT ihal %larted In Fdjruary 20?3. Th¢ headteacher. Siel'en Natu>ambL who wa& PIN)int in Scptcmber 2111 S. has pUfOrnd wcll. Sponsor£hip levels ai the ycar-end dropp¢d slightly. with 2M Lhildm sponsored. The monthly amount SLmt to tnainlain thc operntion ot the school has continued Th¢ Yhool liad lo open a new site iii Fd) 2023. due 10 the le¥dl dispuie wih Rth, Hatnl¢t Kabushcnga tIOn Follow up 10 issucq idcnTificd in 2D2ll, helowl. li is now a day schotsl not a hoardin¥ Sch1. It is hoped 10 reLuTn lo the QTigit)al sli¢. after the l¢& Case is ¢unLludwl. In iern)s of capital PT()je¢' New ixjoks and conwutLYS wtre Proded and 5(Nne building work carried out vn rhe new stie. Greai Lake$ High Srhool also known ag Gr1 Stewards Hlgh School Thechariils aim¥ for the ll0d were tu pmvid¢ adquare tinan¢i•l 0r¢¢s to thable the $thool to function eftectiv¢ly. The Sch)1 had ro on a new SiEe in Novembcr 2023, due lo the le¥al dispute w'ith Rev Hatnlcl Kabushenga. It is tortunatc that IhL HeadtCh¢r Laban and the Tca¢htt3 have stayed with the school at the new site. 'Ihe new site Prei0U1Y a school pre covitL R¢patrs to buildin85, n¢w fumiwre and books We fvnded. li has prirnarily day pupils boarding fors¢)me8irls. Th¢ ongoing aim is to Incre the number of children who are sponsored. A Hardship titnd wniinues to Contri11¢ £1,800 p.a. thai 10 needy childrcn attcnding thc schoo1 recti extra &upw)rt. Nyttkabungo Parents, Prlmary Sthwl The school 1% SEIII run by Rew Hamlet Kabushethg& wilh whom w'e dr¢ in legal disPUte. Thig Ine3ns wc havc nr>t en &blc lo fund Ihis school aticr Jan 2023. We hnpe to Tcgain conirol of Ihc school al Ihr CclUSiVn of th¢ l¢gal ease. Th¢ spun%ors hai'e been kept inlonnLMI Ihat their donlonS after Febru 2023 can bc uscd in rhe tuiur¢. Great Lakts Rtgionll Unlversltv (GLRU) This is no long¥ fvnded b), our charity due tu th¢ I¢1 dispute. Kl•klzl StewHrds College As it not h¢en $s1b]C lo lund GRLU. G1 Ste%Yards of Hup¢ half been able instead to r¢ni a site for M n¢w collcge. opening Fthary 2024. The Chariiys aiinf fDrthe y¢Br w¢ to gssisi th¢ Collegc 10 get oiablished. Pagc2
Kirim# Limlted Re ort of the Tru$t¢es for the Tr'ear Ettded 31 DeCeber 2023 Tr ha% a college coun¢il for oversite and licen¢e in Uganda. It has courw in Agricultur4 Tourisrn and Social Work. Although the college is hoped tL> be kwr¢ly s¢lf-sufficieni in the fvrure. Ih¢r¢ is a reqUir¢mt tor soine help 1th Tt% ¢sthbltshmertt, ongoing salarics. IT. books and oth¢r CO ar prcseni. A ging1¢ UK doiior h&4 PToiqded most of ihe tunds for the college &ia rhe Charity. FINANCIAL REVIEW Flnancial p051tlon at end December 2023 Thc tinancial .%It1 al the end of Ih¢year is set out in the aoUn1, which ar¢ present& alongside this rerM)rt. Prlnclpal ftyndlllg $our¢¢s aDd methods The principal furtdirtg SOUT5 for the Charity aTE child wnsorships and donations. together wilh fundraising l#iviliO by supporti118 org#nisation% iocludiiig Trdnby SL'h()ol, (previously Hull Collcgiarcl. Ftlsted Schwls. 'HAR.4MBEE" Ilaftlor(l Lhurche5 and chools. Carr Lanc Primary Scho(>l iii Ilull and uthu ¢hurches in Engldnd. Dvnors are encourdg¢d to fjift Aid their t)nrrihuiions and eonwuently ihe charity has been ttlTrle tn Tllaximise income by claiming this Gitl Aid from HM Re¥enu¢ and cU0M5. Monies art rttsined in two bank alcuunls, one for Kirima Parent5, PrirnJry School and one for th¢ College. Cireat lakes High Schwl tbd Nvakabungo Parcnis, Primary 8chnol. MIMiLq are rtinitted fmin Ihesv bank 10 Ihe bllnk aLKouni% of The r<¥Evtiv¢ schools an(1 CollL%e in Uganda. Payments are rnad¢ monthly in rc5pe¢t of (Jreat Lakes High S¢h(N)I, Nyokdbungo Pgrent5' Priinary Sch(x)l and l)ar¢nl%' PriTnary sch1, And as needuj for lh¢ Cvll¢ge. A5 has always been IheLase, 2 UK signatories r¢quiTed for all tran$f¢ts frorn (hi charity bank accounts. Follow up to l$$u¢$ Identif•ed in 2020 The tinancial arrangctnent b¢rwe¢n Kirima Ltd and CHIFCOD (the NGO in Lganda ii,ho had bttn ad1n1$iin8 the pnijectsl work¢d well for Iweniv y¢ors. but in J8n 2070 wt l¢omed that the tunds,-¥ent to support capilal prujeblb in the three SLhLM)Is and GLR University, were divert¢(I wi¢ht LonsulEation by OUT CHIFCOD Link Trustee. RLiv Hamlct Kabushenga. ro an educational insiiiulion projctt ntst support1 by us, an ¢nicrgcncy Measu after thai prnjttm rah into financial diftieulii 7hc iminLxliate impact that sorn¢ planne(I projects ai th¢ thr¢¢ schoo15 had not ¢ornpleted. t)espite tht mIppropriation of thc4e fvnd% ihe schools were oiherwise operating etYectiv¢ly. Wc tunded a 2nd wider audii in 202? to be cÈrried out in Uganda of th¢ sy5r¢ms and tinanct flows ai the 3 schools and GLRU. .Mxny improvLm]¢nL% hal'e been made lo ihc finonual controls applied in Uwanda ¢.g. in the T¢cord keeping. 811 siaff salaries being by bank trnnsfer and no cash paents for wort(s *q)cnever tk)%siblo As detailtsl a new Ugandan NGO (Great Siewat(L% of HO) has becn insiituled to 8diMinisttt the projetls support¢d by Kirima Lirniid ro r1e CHIFCOD. I'he indi1dUal rLsw>nsible for Ihe n)igus¢ of fvn(L$. R. Hamlet Kahu5henga. is no longer able lo acce4s any of the tunds we send 10 Ug8Dd A le881 case, arising troir the misuse of tiJTrd% srartwj in th¢ U8andan courts in No¥¢mber 2023. Three tru5tcc4 attcndL¥l eourt in Ugond& tor thc start of the legal C¢ ihai Nwll continu¢ in 2024. As o [nalt ot. course. wc totrnally n(rtIli rhe Charity Commission about thi) incident on 16 April ?O?O and they responded positively 10 the actions we had taken and to thc planned next siqK We also inlonned-our sptsn&ors and duncirs. We proiidoj the Charity Coinmi&slOJI Wtth an uwldl¢ in Othober •023. Tranrf¢r of fuNd5 to Uganda Wc havc at least weekly iel4)hs)ne olls wilh our Main link in Uganda. Mr Honeit Wilkin& lead for GTeBt Steward5 Ot. Ho, the Ugandan ehariiy ovcrs. ceing Gl.RU and thc schools. We s¢nd g11 the mvnty, which has b¢ 8ecure throu8huut 2022. 10. Great Stewards of Hop@, & the indii'idual schooV¢oll¢ge counts in U8frnda. Mnn¢y h5 bLYn pniiided 10 ihe kh(x)ls and additiunal fvnds to Honest Wilkins &nd Eltsnor Nyamisharti thc 2 lead% (>l' Grfflt Siewtrds ¢>f Hiwc, tor spttifie.%LYUriry iieed%. specific indii'idual donors ortly, th¢ ¢haTity has had to pay bills in ?023 for le8ts1 work done ott bchalf in Ugandd. The ljgandan law'yers ar¢ still workiiig on helping us pur%u¢ Rev Hamlet Kabush¢nga through the Ugandan legal systetn. ND rnoriey intended for the S1$ is used for ihe l¢8#ll audit work. Pase 3
Kirima Llmlted rt of lh¢ Trustees for the }' r Ended JI l)ecember 20 It is hoped that ihe outcome of rh¢ legul woit( will cnable us to continue supporting the s¢h(rt)Is aiid Culleg¢. ResÈrYt5 Poll¢y This was agreed on 22 Augusr ?017. and is $UlDTn4Tisd thus.. The Charity will ¢all upon each of the sthi)ol% ro provtdc to ir as tnuch iiifonnatiun a5 tliey can linLluding by Wdy ol. lore£astsl. And 10 provide a% Inu¢h warning as they ¢an. about their eXped needs for funding. The Charity will.. 11 monitor as cloyely as it tan what those relative lle$ or¢ 21 ende8VOUT l(} maintsin sufTILieni re$m'es to cushiott.. amy halt in, or subqantial reduction in inc( . The lipaCt ot'any unexpwied short-term rwJ 31 wnrinue 10 invitethinor5 of funds which would othLTwise be T&%lri¢t¢d 10 agr to alli>w those fun(15 ro be trcated as unrestrici¢d it., Ln the opiniott of the Tru%s. that 15 appropriate 41 subject io Ihv ulM)v¢. ¢Ddtavour 10 build up ¢apTtsI rL%crvL The moncy rai5LxI by the Charity b¢¢n uscd for two different pvry(w. the5¢ being Lvnstruaing and tillins out 5¢hool taeilitits &1 the ch(K>ls supported in Uganda and t4$iting kn mtrt thc rnnning 55 of Ihc schools. To Ihe exifflt thai th¢ Chariiy is <¢118 the eapital costs ot con%iTuiiing and equippin8 schwl buildinxs, r¢s¢rves are kept l(F & minimum with monils being fdiscd and .41 on h8rirablc purposes in CCOTdgncc with Ihe pro8rainmes of work axTeed with th¢ e(lucaiiun insriiurion% supwrte(I by th¢ Charity. FUTURL PI.ANS Kirimg Parethts. Primary SclJoDI For 21124 Ihe Charitg& aiins are 10 coniinue to fund th¢ running costs of ihe school. The school is &xpanding in Eeh 9024 up tv the full 3 Nursery Yr$ 1 7 Primary ytrdrs. Cpreat Stewird5 High S¢h¢Jol {fornrly GLHS Th¢ Charitys aims for 2024 are io incrtrasc the numher ot. sponsors for pupil% aii¢nding the ich1 so thul il ¢an Susiainably nd niontbly tunds for the running Co5 of the hoI. Ne. Ugandan guidan¢¢ re vowionol [LttIng at high Schools itt Ugund& lvtll need to be tiinded 10 thable tnore vocaiiottal subjecis to br taught e.g. raTFtntry. enrrepretieurihip. The IT equipment n¢d5 uaring if funds llow, later ifft 2024. N>ak%bungo Parents, Prlmary sch1 The Charity's aims fDr 20?4 are 10 enable. after th¢ conclusion of th¢ l¢gal case. GrL'tst Stcwards of IHope lo rwoinmenee running the school. Klnklzl Stewards College For the College to g establish in 20*4 with & SINII llUTnbir of coursts ancl up io 200 students. It is hoped il ¢)n work lo¥d$ IxLwming self-sulyicient. Trustee Vlslts Future visi1.4 10 all ihe scknols and the College &re plstlned for April 2024. P&ge 4
KlrSma Llmitcd of th¢ Trw5tees for the Year E"nded.11 December 2023 STRUCTURE. GOVERNANCE AND MANAGEIENT GotrnIng doCUentS Kirima Limiicd is a Lharitable CnpanY limired by gu8Tanl¢¢. inCorrated on 23 Octor 2008 and rcgisiercd s chaiity on 26 FtbTUary 201)9. Th¢ Chaiiy wa8 C%tabli.%h¢d under a Memotandujn ot AssoLllltion 'h1¢h ¢Ntablished lis obj%L8 llnd poweT% and i. governed uIJder its Arti¢l¢s ot Assothation. In the el'ent ot Ihc company bcing wound up each ut its Inonbers i% re(iuired 10 conrribute an tmount noi ¢xL¢¢ding Èl (MI. ReeTUjtment and gppoirttmeDi of new tru5tet$ The dir¢Liors uf th¢ coinpany are also charity trysrett for the putpi>sc4 of charity law and under th¢ Charitvs ArtiLleg are known a5 iiiembe. of the Charity. Under lh¢ r¢yuiremenrb of th¢ M¢morandum and Arti¢les of 8%0¢1&110 new miccs Inust be appmvcd by the dirtctor5 b¢For¢ thcy un b¢ adinilicd into tn¢mber5hip. When ne. trust are requir, suitabl¢ ¢anJidai&% ar¢ identified intOTmally on Ihv ot rhc skill% that arc nctded al the lime. Such cand1daies are inwied to TIltonal discussion5 with the Chairnian who mfjk a prorrf)&tl 10 the trustffs. The Irustc*s make th¢ nal decision on appolnm1t by way of a vote. Organisational structure Th¢ board of Irustees adTlliTri%ter5 Ihc Charity. It is rcsponsible for the Strategic direciiun and polici¢) of the Chariiy and me¢[% regularly. The board of truiiees includts members trom a variety ot Tyotwions. 8nd thi.s brings ro8ether a broad rdn8e of skills end ex1¢¢¢ Telth'ani 10 the mana8ernent ofiliecharity. The Charity no anployees. Its styveture is ch that14ve for resff¥o61 all money Taised in rhe UK is sent to Ugnda to be spent furthering the objects of the Chllriiy Indu¢don And trAlolng (rf n¢V• trustees The Irustccs are already familiar with the practiul work of the Charity. All misiees bTicfcd on their legal obli8alion% under Charity and Company Lei¥.. New trusiees ar¢ proi'idd with some indurtion. Related parlle5 The Charity patTners with Grcal Stewards of Hope. a not-tor-profit UTganisation inL'orporated and Ii)ttt¢d in Uganda. Th¢ chaTily als links with * chEtrity Tn USA &. a charity in Gcrmllny, who supptht c(>nnccied projects iii Lganda. REFERENCL AND ADMINISTRATIVE DETAILS R¢%l$tered Cornpany ttMber 067.31244 (England Wa1¢5) RegLStertd Charity nMber 128290 Reglstered office 23 Langixium¢ Avenue London N'6 6AJ Trustees Dr J R Lcwis Dr K J Sennett Mr5 J M Chall¢nd¢Y Rcv N LiTtle Mr A pa¢t Ms S Buiierworth MrA Ile%i Rev. M A Barber Mr T L Brown Mr J D RuihertOTd S Pullan Iresignd 5.2.231 Independent Examiner Pcter Llpton FCA cfA Peier Upton Brid8e House 2 Bridgc Avtt)ue Mdidenheud Berk4hire SL61RR Pase 5
Klrlm l.iThited R¢ xsrt ofthe Trust for the Year F.nded JI December 2023 REFERENCE AND ADNIINISTRATIVE DETAILS Battkeys CAF Bank l*'orkithg Th¢ Charity dlbo uses the wurking naine Voluni¢¢r Uganda. Approved by order of the iNMTd ofirusiees ott................................,............ and sisned on iL% behalt by.. Dr K J S¢nncir- Tnjstce Page 6
Inde rtdenl ExAmiAer s Re ori io th¢ Trustees or Kirima Limited Independent exbmln¢r'$ report io th¢ trustees of Klrlmx l.imited {'the Comp4ny'l I rcrort 10 th¢ chariiy tru.%tL. on My ex•iiiinaiion vf th¢ accounis uf the Coiiipllny fthr the year endl 31 D.lbe¢ 20?3. Re$A51b1]II5¢S And b4si$ of report As Ihc chaTit¢s Ihe CornpY land ttlso it% directors tor rhe pur1 of coinpany Icliv) you are rtspon.%ibl¢ for the pr¢piiTaiion of the aLcouThls in 8¢cordan¢¢ 1th the r¢quirem¢nLS of ihe Companies Act 21KIO I'th¢ 2006 A¢VI. Haigng saii.lfied rnys¢lf thar the acLounis Qt The CoinFBny arc not twuired to k, aUdItL under P8rt 16 ot. th¢ ?006 Act and #re eligible ti)r indep¢ndcnt examinotioft. I re)rt Tll of my exainination of your charity's &¢iounL% a% carried out undcr Stttion 145 01. the Chariti¢5 Aci ?01 I I'the 2011 Ael'l. In c&rying oui my cxaininaiion I havE follow61 the Dii¢ction3 given by th¢ Charity Comiiiissiull unLler SeLion 145151 Ibl ot th¢ 2011 Act. Independent txamlner'$ statemtTht I hai'c curnpleted my ¥InatIon. I confimi Ihtst no matter8 have comc ro my attention in c<)nncction with the exaTMinarion gi14ng me cllusc believe.. ai¢ountin8 rordS We nui k¢pr in rebPLXX Ot th¢ C(Mnpany a* rLyuir¢d by Scction 380 of Ihe ?fK16 A¢r,' or tIIE acwunis do not accord with those records. or the a¢Lu1% do noi CmplY with IhL accounting r4uiranenis Ot. Secrion 396 ot th¢ 2(X)O Aci other ihan any ro]uirement Ihal the awounLs ITU¢ and fair leW which is not a mattera)nsid¢red as part nt-an ittd¢pendeni ¢.xaiiiin&iion: or the aL&)uTht hai'e iii)t bttn PTepar¢d in dLXOtdanc¢ wilh the methS and principle) Ot th¢ Statcnient ot tleci)mMdeil PrdCtic¢ tor accouniTn8 tsnd rq)oning by chariti (appliLlb1e to Lharirits pr¢puring their acwunr5 in accordance th the FinanLial Rq)tsrtTn¥ Standard appliLxble in thc UK end Iltpublic of Ircland (FR% 10211. I have no con¢¢rn4 and have cthine D¢r05 Tho oth¢r m&lleTS in connection with the eX]natIon 10 whiLh attention should be drnwn in this repor¢ in order iu en4bl¢ a proper undeTStgnding of tht aLYnunts io reached. Pet¢r Upion FCA CTA Peter Upton Bridgc House 2 Bridge Al'enue Maidenhead BeTkshirc SLO IRR Date.. P4g¢ 7
Klrima Llmlted Statement of Fffinan¢lal A¢di'ities ftsr tbe Y 31.1? •3 Toitsl tunds 31.1722 Total fvnds UnrestriLied fund R¢5triLt tijnds Notes INCOME AND ENDOWfvIEN'fs FROM Donation% and legacies 147,955 147.955 335,035 Oth¢r trading aClivilit5 Investment it)¢oin¢ her income 50.OtK> 60 83 50.Q 60 83 151.773 25 12 Total 198.098 198.098 486,845 EXPENDITURE OTr4 Charliible ictiv5tles Kirima fvimary Schi)ol Great Lakes High School CrL?i Lakes Reb11(1 Univffsiry Nyaksiwngo PPS Healih 82.234 15.145 55,466 5,0)5 10.525 82,234 15,145 55,466 5.6?5 10,525 98,056 W,500 112,263 47,508 Other 72.194 72,1(M 142.598 Total 241.189 241.189 499.925 ET INCOMEI{EXPENDITURE) 143.0911 143.0911 113.0801 RECONCILIATION OF FUNDS Total funds brought forWd 66.339 66.339 79.419 TOTAL NDs CARRIED FORWARD 23.248 23,?411 60,339 Th¢ notes form parr orthLe financial staiement Page 8
KirimA Llmlted Bal n¢e Sheet 31.12.23 31.12.2? Total funds Unresrricttxl fund R¢5rrietcd funds funds Notes CURRENT ASSETS Debtors Ch ai bank 7.438 16.770 7.438 16,770 29,227 38,072 24,208 67,2(J9 CREDITOKS Amounts falling due wthin onc y (9601 (9601 (Y60} NET CURRENT ASSETS ?3,?48 23,248 66,339 TOTAL ASSETS LESS CURRE.YT LIABILITIES 23.248 23.•48 66,339 NET ASSF.TS 23.248 23,24¥ 00.339 FUNDS Resirictcd funds 23,248 66.339 TO'fAL FUNDS 23.248 66.339 'Ih¢ eharildble cumnY 1> entitled 10 exempiiun frvtn audii under Section 477 of ihc CompttDie4 Aci 2006 for the y¢ar end 31 IXYLThber 20?3. Thc members ha? not r¢quiTd The coinpany to obidin an audii of its tinanciAI .4tsiemenis for th¢ ye4T endcd 31 De£embLY 20?3 in aceordon¢¢ with S¢ction 476 ot'ihe Compllni Aci 2000. The ttijstcts aeknowledg¢ th¢ir rponsIbIlItieS tor ensuring that the chariidble ix)Inwtty kttps aecounirng rccords rhai comply with Se¢tions 386 and 387 of thc Companies Ail ?VUO and prepttring tinancial stLict.% which give a iruc and fair vicw of th¢ state o1.4Lffairs ot'th¢ charitsble company &8 al th¢ end of 0h finaniial year and of its surplus or ddiuii for tsLh financial ycar in aLLX?rdMnc¢ wilh the rcquircin¢nts of S¢ciion.% 394 nd 395 &nd which oihcrwi%c eoTnply with the T¢quir¢]nent% ol- Ihe Cuinpanies Aci ?006 relating to tinancial sratem¢nt& 50 far as applicable to ihe ch8riiabl¢ ¢otnpony. Ibl Thtsc financial statth))cnis haNe been wtpttraj in 4wordancc with the provisions applicable to ch3ri1abl¢ CLMnpanies subj¢¢t to the Stnall 0)mpaleY regime. Th¢ finun¢ial sratements were approvd by rhc Board ot TTU.%tee* llnd auihorised for issue on .. $18iTred on lis bchalt'by-. . and were Dr K J S¢nncit- Tet Th¢ notes foTtn part ufihes¢ financial tatTrEnts Page 9
Klrlma Limited Note5 lo the Flnancial Statemtnt5 for the l'ear Ended 31 December 2023 ACCOUNTING POLICIES Ba$ls of preparlng the flnonc5al SiAtetDrnts 'I"h¢ financial slaicmcnts Ot. the chai'itahl¢ coinpany, which is a public benetii thtity under FRS 10? hale bccn preparn4 &ccordanct wilh ihc Chariiics SORP IFRS 1021 'Aecounting and R¢wrting by Chirities.. SiLlnnI of R¢cornmendl Prdctice applicable Iu Lhariti(3 prnparing Ihcir atcounts in accordance with the financial RepirtiTr¥ Standard appliLabl¢ in thc UK and Republic ol Ireland IFRS 10?) lefteciive l JJnu4ry 20191., Financial Reporting Standard 102 'The financial Rcponing Sillndard bpplicahl¢ Tn th¢ UK and Rei?uhlic ol. Irrl4nd' and the Coiiipanies AL 2006. The financial siat¢n]¢nts hde b¢ffi pr¢wared under the historical coni'cnti()n. in#ncio1 reporllng standard 102- reduced disclosure exemptions The Lharitable company has takcn &dvttnta8e of the following di1%r¢ exLTnpliun in pr¢paring Ihe%e finJn¢ial sratemeni& as p¢nllitt¢d by FRS 102 771¥ Finonlllal Rwrting Startdgrd applicablc in the IJK and Republic of Ircland,: th¢ T¢quircmcnts of Stttion 7 Staieineni of C8$h Flow%. Income All income i% reLognised in Ibe Sratcm¢ni ot. Financial ALtii'itits oiice ihe Lhaiiiy ¢niiilemeni to the funds, it is probabl¢ thai the incoine will be ]ELrived 8nd rh¢ amount tan h¢ MSUr reliably. Erypendlture LiabilitiV• r¢¢ognised expenditur¢ w5 soon as therc is & legal or constructii'e obligation i(Mminittin¥ the ¢harity 10 thai ¢xpendiiure. it Ib probable Ihal a trnnsf¢r of On0[]C b¢ngtii.4 will be required in %¢iilcn)ent Ind the ainounl of Ihc obligation can be IIIL%ur¢d rcliably. Expenditurc is accounted toi on an dLLiual> basis and ha& been classified under headings rhai asEale all w.41 relared ro the ¢at¢80ry. Whcre coqts cannot be directly attribut¢d to particular IdIng¥ they have been allocared ro aciiN'TtiC5 on Lxknsisient with the use of TUr¢ T•x4tlon The Lharil). is exetnpi fron) cotpTrrdtion LLX its charitable wivitl¢5. Fund 8¢¢ouAtlng UnreSTriLted funds can k Jsed in accordance wirh th¢ thArirabl¢ objtiVeS at ihL discretion of the tw$ttts. RestriLied fundi ¢Yn i)oly k uscd for partlLular re*lricied rPO.5 wiihin ihL objecLs ofthe charity. Restrictions aris¢ when cified by the donor or when funds are ra1 tor particular TlI¢l¢d prpose Further explanition of th¢ nawre and puryose of f4ch fund is included in thc notcs to the finDn¢ial %iatements. In a pr¢viouq financial pL()d all thc Un$¢tcd funrf ot. the charity were exhaust1. Due 10 th¢ narure of the drit$ acii¥iries. all of its Tncoming resouNes are in respect ofrc%iricitd tund%. Th¢[0 (>n th¢ sofA and Balance Sheel th¢re no unreslrict¢d funds column in thcse finanLial siaiements. BLLause rhe eharity Iinly has resiricied funils all expendiiuw is chiirgcd to Miricted funds. Exp¢ndiiure that dIrllY relate5 1 particular restrilred fund is allocated 10 thar tvnd. Exp¢ndilure ihai is nut diwly atiribuiable io a panicular rcstricted tiind, forexample governance co%t& is apporrioned lo rcstrictttl funds by the trusleL%. Flian¢lAI InstrumeDts The chllrity only financial and liabilities of a kind thai qualily basie financial ii)SlTum&¥Jts, which arc initially ogniwd ai tran.tIOn value and subsLNuently mta8UTcd at their stttlein¢ni value. OTHER TRADINCJ ALYIVITIES 31.12?3 31.12.22 for legal fe&4 in Uganda 50.000 151.773 Page 10 ¢onilnul...
Klrlm l.imiled Note5 to ihe Finncial Sialements- contlnued for the l'ear Endtd JI December 21123 INTrES.[lLYT INCOME 31.12.23 31.1?22 Intert receiNTrble 25 TRUSTEES, REluNERATIoN AND BENEFITS There werL' ITUSie&4' rcmunLration Dr other henetirs lor th¢ y¢or ¢ded 31 D¢c¢rnber 2023 nor tor th¢ yeai. Lmdcd 31 D¢cember 2022. Trusttts expenses During the yr expenses ot £5,685 120??. Nil) wLYe paid ¢0 TTee5 who ¥isi*d the schools in U¥8nda behalf ot. the Charity. srAFF COSTS There anploytts during the year. DEBTORS: AMOUNTS FALLING DLE WITHJN ONE YEAR 31.12.23 31.12.22 Gitl Aid dditor 7.438 29.227 LREDITORS: AMOUNTS FALLING DUE II'ITHINONE YEAR 31.12.23 31.12.?2 Accrued eXP¢Se$ )60 960 MOVEfvIEwf IN FUNDS Ner movetnent in tunds Transfers ¢tween tiinds At 31.1?.23 At 1.1.23 R¢$irlcted funds Great Steward5 Kirirna Priniary &.h<x)I Great Stewards High School Ktnkizi Sivwards Colleg¢ Hardship Fund Kirima Building Fund Nygkabungo P P S Healzh 67.79KI 122.5461 2J18 15.055 199 3.514 157.474 33,374 123.0681 13.54BI 110.8281 37.2?1 {15.0551 11991 6.777 16.471 5.602 11,5251 1.525 66.33CJ 143.0911 23,248 TOTAL FUNDS 66.339 143.091} 23.248 Pagell continu¢d..
Klrlrng Ll I Notes to thc Financial Siattmenis- continued for fhe Yt¥r Ended.IL Deeemb¢r 2023 MOIIEfvIENT INI FUNDS- wnilnued mo%'ement in funiLs. includcd in th¢ aiK)v¢ as follows.. InLoiring Resources in lund5 Restrle(ed fund5 GrLi Srew(TrrR KiritTha Prirnary sch(1 Grcat Sreward8 High School Kinki£i St¢ward5 College Nygkgbun80 P P S Health iai.950 55,3?3 ?0.598 (159.494} 121.9491 143.6661 {5.6?51 {10.5?5) 157.4741 33.374 {23.068) 5.602 11.5?5 9.th)0 198.098 (241.189} 143.0911 TOTAL FUNDS 1241.IY91 143,0911 Comparatlves for In fund5 Nrt movLYncnt in fvnd Ar 31.12.22 Al 1.1.22 Re5trlcted funds Great Slewanls PTtMary School Great Sie%4'0rds High Sch] Kinki7i Si¢wards Collcge Harthhip Fund KiriTna BuTlding Fund Nyak8hungo P P S 41.333 15.0(A) 26.466 137.6061 14.065 72 67.799 72.546} 2.-118 15.055 199 3,514 14,983 19.591 116.0771 79,419 66.339 TOTAL FUNDS 79.419 113.0801 66.339 Cotnparative ITement in funds, in¢luiknl in the are ab folloms". Incoming Resour axpended Motrement in funds Restrlcttd ftsndg Gre#1 Siewards Priinary School Great Stewards High School Kinkizi Stc,ards College Hordship Fund Nyakabungo P P S 267.03_1 57.881 126,3?8 4,172 31.431 1240.5671 195,4871 26.466 137.6061 I4.(5 72 116.0771 14.lOU} 147.5081 486,X45 1499.9251 113,0801 TOTAL FUNDS 480,845 (499,9251 113.0801 The Kirima Primary Scliool is kTrO as Great Si¢w4rds Kirirna Primary School and th¢ Fund pri)vidcs rnuney to the Kirirna Parcnt$ Primury school in Ugand&. From NoiembLY 2023. C1 Siewards High School in Uganda is noi¥ funded ikqt(d ot Cjreai Lakc5 High Sch(Kil From ?0?3 Kink1 Siewards College is rNI¢ insThd of Grtai L4k¢% ReOal Unii'ersity Thc Hardship Fund PToNidcs supp¢)rt to thran$ artend the Grtrdt S¢thkards High School. Pagc 12 continued...
Klrlmo Limited lotes to the Financial Sr*tements- tontinued for the l'ear Ended 31 Deeember 2023 P4lOVEfvIENT IN FUNDS- contlnued The Kiriilla Building Fund provides tnaney tnr Ilie replacem¢nt ot the buildin&% Jl the Kiriina Priinary SL'hool which Mll be deniolished lu rnak¢ aY for a ncw lamia¢ mad. Th¢ Nyakabungo P P S fund PToviJe5 moncy for Nyakabungo Primary Schix>l in LglndI. RELATED PARTY DISCLOSURES There We no r¢laied patty transadions tor rhe ytrdr ended 31 Dtcanber ?023 vr for the yearend¢d 31 Deccmb¢r ?02? Page 13
Kirim¥ Lirnited Detailtd for Ihe Y ment of Fitsalltlal Acili'ltle5 ded 31 Decem 31.12.ti2 INCOME AND ENDOW'MENTS Donat5¢Jn$ and legael¢s Donations Giti aid 112.9Q7 35,048 ?46.850 88.185 147.955 335.035 Other trdiftg actlvltle5 for Ic8al fee 111 U8JndJ 50,000 151.773 Investmtni Intff¢bt r¢ceiNable Other incomt lrtttTfSt i)n Cjifi Aid 113 12 Tvtal iTreomlng r¢swr¢e5 198,1198 486.845 EXPENDITURE ChArlt#ble *ctivlt5es Kirima Primary S¢hool Grctti Lakes High School Grcar Lakes Reg. Univ¢Tsity Nyakabungo PPS DDnattQTS 10 Kataic Hospital 8724) 15,145 51),410 5.6?5 98,056 99.500 112,263 47.50 168.995 357,327 Svpport costs Flnane¢ Bank charge5 202 543 Gtsvernance C1$ ALcouniancy Legal fees in Uganda Tru.4te£s visits 960 65,347 5,685 137,061 4,034 71.99? 142.055 ToiBI r¢gouTLfS expend 241,189 41)9.915 N¢t t¥penditur¢ (43.0911 (13.0801 Ikis pag¢ does noi fotm part of ihe srdiuiory finan¢ial stsi¢mtht5 Page 14