REGJSTEKLDCIIARITY NUMBER- 1121290 Rt t of the TnJ5t Un*udited FinAnci*l 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. pre*eni 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 dIT￿lOr￿ 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 SL￿dard 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 wns0￿h1pS 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 co￿5 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 I￿11￿1t1￿ 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 Pl￿1￿, Primary School. Great Lukes High SLhoDI - Kinkizi Srcwards Colleg¢ Iprrparaiory lo opening February 202411 This 5UPPOrt included pT￿￿idIng 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 establish￿ent 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¢ I￿al 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.%1￿4 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 Op￿rtunItieS 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 AcHIEVEME￿Ts AND PERFoR￿lANcE 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 Y￿r51. 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 ac*dL)1ii¢ )'caT ihal %larted In Fdjruary 20?3. Th¢ headteacher. Siel'en Natu>ambL who wa& ￿PIN)int￿ in Scptcmber 2111 S. has pUfOrn￿d 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¥ Sch￿1. 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 Pro￿￿ded and 5(Nne building work carried out vn rhe new stie. Greai Lake$ High Srhool also known ag Gr￿1 Stewards Hlgh School Thechariils aim¥ for the ￿ll0d were tu pmvid¢ adquare tinan¢i•l ￿0￿r¢¢s to thable the $thool to function eftectiv¢ly. The Sch￿)1 had ro on a new SiEe in Novembcr 2023, due lo the le¥al dispute w'ith Rev Hatnlcl Kabushenga. It is tortunatc that IhL Headt￿Ch¢r Laban and the Tca¢htt3 have stayed with the school at the new site. 'Ihe new site Pre￿i0U￿1Y a school pre covitL R¢patrs to buildin85, n¢w fumiwre and books We￿ fvnded. li has prirnarily day pupils boarding fors¢)me8irls. Th¢ ongoing aim is to Incre￿ the number of children who are sponsored. A Hardship titnd wniinues to Contri1￿1¢ £1,800 p.a. ￿ thai 10 needy childrcn attcnding thc schoo1 recti￿ extra &upw)rt. Nyttkabungo Parents, Prlmary Sthwl The school 1% SEIII run by Rew Hamlet Kabushethg& wilh whom w'e dr¢ in legal disPUte. Thig Ine3ns wc havc nr>t ￿en &blc lo fund Ihis school aticr Jan 2023. We hnpe to Tcgain conirol of Ihc school al Ihr C￿clUSiVn of th¢ l¢gal ease. Th¢ spun%ors hai'e been kept inlonnLMI Ihat their don￿lonS after Febru￿ 2023 can bc uscd in rhe tuiur¢. Great Lakts Rtgionll Unlversltv (GLRU) This is no long¥ fvnded b), our charity due tu th¢ I¢￿1 dispute. Kl•klzl StewHrds College As it not h¢en ￿$s1b]C lo lund GRLU. G￿￿1 Ste%Yards of Hup¢ half been able instead to r¢ni a site for M n¢w collcge. opening Fth￿ary 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 DeCe￿ber 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¢m￿t 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 a￿oUn1￿, which ar¢ present& alongside this rerM)rt. Prlnclpal ftyndlllg $our¢¢s aDd methods The principal furtdirtg SOUT￿5 for the Charity aTE child wnsorships and donations. together wilh fundraising ￿l#iviliO by supporti118 org#nisation% iocludiiig Trdnby SL'h()ol, (previously Hull Collcgiarcl. Ftlsted Schwls. 'HAR.4MBEE" Ilaftlor(l Lhurche5 and chools. Carr Lanc Primary Scho(>l iii Ilull and uthu ¢hurches in Engldnd. Dvnors are encourdg¢d to fjift Aid their t*)nrrihuiions and eonwuently ihe charity has been ttlTrle tn Tllaximise income by claiming this Gitl Aid from HM Re¥enu¢ and cU￿0M5. Monies art rttsined in two bank alcuunls, one for Kirima Parent5, PrirnJry School and one for th¢ College. Cireat lakes High Schwl tbd Nvakabungo Parcnis, Primary 8chnol. MIMiLq are rtinitted fmin Ihesv bank 10 Ihe bllnk aLKouni% of The r<¥Evtiv¢ schools an(1 CollL%e in Uganda. Payments are rnad¢ monthly in rc5pe¢t of (Jreat Lakes High S¢h(N)I, Nyokdbungo Pgrent5' Priinary Sch(x)l and l)ar¢nl%' PriTnary sch￿1, And as needuj for lh¢ Cvll¢ge. A5 has always been IheLase, 2 UK signatories r¢quiTed for all tran$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 ad￿1n1$i￿in8 the pnijectsl work¢d well for Iweniv y¢ors. but in J8n 2070 wt l¢omed that the tunds,-¥ent to support capilal prujeblb in the three SLhLM)Is and GLR University, were divert¢(I wi¢h￿t LonsulEation by OUT CHIFCOD Link Trustee. RLiv Hamlct Kabushenga. ro an educational insiiiulion projctt ntst support￿1 by us, an ¢nicrgcncy Measu￿ after thai prnjttm rah into financial diftieulii* 7hc iminLxliate impact that sorn¢ planne(I projects ai th¢ thr¢¢ schoo15 had not ¢ornpleted. t)espite tht mI￿ppropriation of thc4e fvnd% ihe schools were oiherwise operating etYectiv¢ly. Wc tunded a 2nd wider audii in 202? to be cÈrried out in Uganda of th¢ sy5r¢ms and tinanct flows ai the 3 schools and GLRU. .Mxny improvLm]¢nL% hal'e been made lo ihc finonual controls applied in Uwanda ¢.g. in the T¢cord keeping. 811 siaff salaries being by bank trnnsfer and no cash pa￿ents for wort(s *q)cnever tk)%siblo As detailtsl a new Ugandan NGO (Great Siewat(L% of HO￿) has becn insiituled to 8diMinisttt the projetls support¢d by Kirima Lirniid ro r￿1￿￿e CHIFCOD. I'he indi￿1dUal rLsw>nsible for Ihe n)igus¢ of fvn(L$. 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 h￿5 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 S￿￿1$ 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 $UlDTn4Tisd thus.. The Charity will ¢all upon each of the sthi)ol% ro provtdc to ir as tnuch iiifonnatiun a5 tliey can linLluding by Wdy ol. lore£astsl. And 10 provide a% Inu¢h warning as they ¢an. about their eXp￿￿ed needs for funding. The Charity will.. 11 monitor as cloyely as it tan what those relative lle￿$ or¢ 21 ende8VOUT l(} maintsin sufTILieni re$m'es to cushiott.. amy halt in, or subqantial reduction in inc(￿￿ . The li￿paCt ot'any unexpwied short-term r*wJ 31 wnrinue 10 invitethinor5 of funds which would othLTwise be T&%lri¢t¢d 10 agr￿ to alli>w those fun(15 ro be trcated as unrestrici¢d it., Ln the opiniott of the Tru%￿s. that 15 appropriate 41 subject io Ihv ulM)v¢. ¢Ddtavour 10 build up ¢apTtsI rL%crvL The moncy rai5LxI by the Charity b¢¢n uscd for two different pvry(w. the5¢ being Lvnstruaing and tillins out 5¢hool taeilitits &1 the *ch(K>ls supported in Uganda and t4$i￿ting kn mtrt thc rnnning ￿5￿5 of Ihc schools. To Ihe exifflt thai th¢ Chariiy is ￿<¢11￿8 the eapital costs ot con%iTuiiing and equippin8 schwl buildinxs, r¢s¢rves are kept l(F & minimum with monils being fdiscd and .4￿￿1 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 Y￿r$ 1 7 Primary ytrdrs. Cpreat Stewird5 High S¢h¢Jol {forn*rly GLHS Th¢ Charitys aims for 2024 are io incrtrasc the numher ot. sponsors for pupil% aii¢nding the ich￿1 so thul il ¢an Susiainably *nd niontbly tunds for the running Co￿5 of the ￿h￿oI. Ne￿. Ugandan guidan¢¢ re vowionol [L￿ttIng 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 u￿aring if funds *llow, later ifft 2024. N>ak%bungo Parents, Prlmary sch￿1 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 MANAGE￿IENT Go￿trnIng doCU￿entS Kirima Limiicd is a Lharitable C￿npanY limired by gu8Tanl¢¢. inCor￿rated on 23 Octo￿r 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 mi*ccs 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 TIlton￿al discussion5 with the Chairnian who mfjk￿ a prorrf)&tl 10 the trustffs. The Irustc*s make th¢ nal decision on appolnm1￿t 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$tered Cornpany tt￿Mber 067.31244 (England Wa1¢5) RegLStertd Charity n￿Mber 128290 Reglstered office 23 Langixium¢ Avenue London N'6 6AJ Trustees Dr J R Lcwis Dr K J Sennett Mr5 J M Chall¢nd¢Y Rcv N LiTtle Mr A pa￿¢t Ms S Buiierworth MrA Ile%i Rev. M A Barber Mr T L Brown Mr J D RuihertOTd S Pullan Iresignd 5.2.231 Independent Examiner Pcter Llpton FCA cfA Peier Upton Brid8e House 2 Bridgc Avtt)ue Mdidenheud Berk4hire SL61RR Pase 5 Klrlm l.iThited R¢ xsrt ofthe Trust for the Year F.nded JI December 2023 REFERENCE AND ADNIINISTRATIVE DETAILS Battkeys CAF Bank l*'orkithg Th¢ Charity dlbo uses the wurking naine Voluni¢¢r Uganda. Approved by order of the iNMTd ofirusiees ott................................,............ and sisned on iL% behalt by.. Dr K J S¢nncir- Tnjstce Page 6 Inde *rtdenl ExAmiAer s Re ori io th¢ Trustees or Kirima Limited Independent exbmln¢r'$ 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￿.￿l￿be¢ 20?3. Re$￿A51b1]II5¢S And b4si$ of report As Ihc chaTit¢s Ihe Cornp￿Y land ttlso it% directors tor rhe pur￿￿1 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 follow6￿1 the Dii¢ction3 given by th¢ Charity Comiiiissiull unLler SeL*ion 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 r￿ordS 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¢L￿u￿1% do noi C￿mplY 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 meth￿S and principle) Ot th¢ Statcnient ot tleci)mMdeil PrdCtic¢ tor accouniTn8 tsnd rq)oning by chariti￿ (appliL￿lb1e 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¢r0￿5 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 forW￿d 66.339 66.339 79.419 TOTAL ￿￿NDs CARRIED FORWARD 23.248 23,?411 60,339 Th¢ notes form parr orthL￿e 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 C￿h 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 cum￿nY 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 r￿ponsIbIlItieS 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 st￿Li￿c￿t.% which give a iruc and fair vicw of th¢ state o1.4Lffairs ot'th¢ charitsble company &8 al th¢ end of 0￿h 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)mpa￿leY regime. Th¢ finun¢ial sratements were approvd by rhc Board ot TTU.%tee* llnd auihorised for issue on .. $18iTred on lis bchalt'by-. . and were Dr K J S¢nncit- T￿￿et Th¢ notes foTtn part ufihes¢ financial ￿tat￿TrEnts Page 9 Klrlma Limited Note5 lo the Flnancial Statemtnt5 for the l'ear Ended 31 December 2023 ACCOUNTING POLICIES Ba$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.. S￿iLln￿nI of R¢cornmend*l 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 hd*e 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 di￿1￿%￿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$h Flow%. Income All income i% reLognised in Ibe Sratcm¢ni ot. Financial ALtii'itits oiice ihe Lhaiiiy ¢niiilemeni to the funds, it is probabl¢ thai the incoine will be ]ELrived 8nd rh¢ amount tan h¢ M￿SUr￿ reliably. Erypendlture LiabilitiV• r¢¢ognised expenditur¢ w5 soon as therc is & legal or constructii'e obligation i(Mminittin¥ the ¢harity 10 thai ¢xpendiiure. it Ib probable Ihal a trnnsf¢r of ￿On0[￿]C b¢ngtii.4 will be required in %¢iilcn)ent Ind the ainounl of Ihc obligation can be IIIL*%ur¢d rcliably. Expenditurc is accounted toi on an dLLiual> basis and ha& been classified under headings rhai asE￿ale all w.41 relared ro the ¢at¢80ry. Whcre coqts cannot be directly attribut¢d to particular I￿￿dIng¥ they have been allocared ro aciiN'TtiC5 on Lxknsisient with the use of T￿Ur¢ T•x4tlon The Lharil). is exetnpi fron) cotpTrrdtion LLX its charitable wivitl¢5. Fund 8¢¢ouAtlng UnreSTriLted funds can k Jsed in accordance wirh th¢ thArirabl¢ obj￿tiVeS at ihL discretion of the tw$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 T￿lI¢l¢d p￿rpose 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￿$￿¢tcd funrf￿ ot. the charity were exhaust￿1. Due 10 th¢ narure of the d￿rit￿$ 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 dIr￿llY 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 ¢onilnu￿l... Klrlm* l.imiled Note5 to ihe Fin*ncial Sialements- contlnued for the l'ear Endtd JI December 21123 INTrES.[￿lLYT INCOME 31.12.23 31.1?22 Inter￿t receiNTrble 25 TRUSTEES, RE￿luNERATIoN 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 y￿r expenses ot £5,685 120??. Nil) wLYe paid ¢0 T￿￿Tee5 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¢$irlcted funds Great Steward5 Kirirna Priniary &.hl in Lg￿lndI. RELATED PARTY DISCLOSURES There We￿ no r¢laied patty transadions tor rhe ytrdr ended 31 Dtcanber ?023 vr for the yearend¢d 31 Deccmb¢r ?02? Page 13 Kirim¥ Lirnited Detailtd for Ihe Y ment of Fitsalltlal Acili'ltle5 ded 31 Decem 31.12.ti2 INCOME AND ENDOW'MENTS Donat5¢Jn$ and legael¢s Donations Giti aid 112.9Q7 35,048 ?46.850 88.185 147.955 335.035 Other tr*diftg 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 C￿1$ 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