REGISTERED CHARITY NUMBER: 1129385
THE KANYIKE PROJECT
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
John Crook & Partners Chartered Accountants 255 Green Lanes Palmers Green London N13 4XE
THE KANYIKE PROJECT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
THE KANYIKE PROJECT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Trust are to advance the Christian faith in Uganda, to relieve sickness and financial hardship, to advance education in Uganda and to promote and preserve good health by the provision of funds, goods, services and support of any kind in Uganda.
Significant activities
The projects to be supported are identified by a Non-Government Organisation established in Uganda under the name KAINSUDE and requests were made to The Kanyike Project for funds to support the work in Uganda. The last formal plan was completed pre covid but since with both the War in Ukraine and the economic downturn the charity has been concentrating on maintaining the staffing and running costs. A new plan will be requested following a return to a more normal time after the current issues that are restraining fund raising have eased, we are not yet in that position.position.
ACHIEVEMENT AND PERFORMANCE
Review of the Activities
During the year the Trust has undertaken fund raising once again with the limited success as itemised within the accounts. The Trustees are very grateful for the support that has again been received from the 'Big Give Christmas Challenge' and various other kind individual donations, alongside the support of Churches and Schools. We also benefitted from a generous legacy of £10,000 which has been very gratefully received and has eased the immediate pressures.
During the year the Trust has once more, along with other charities, suffered as a result of the worldwide economic downturn, following the war in Ukraine. This severely impacted the ability of the Trust to rase funds to continue to support the Project in Uganda. We are fortunate that we do have direct support from regular supporters via Standing Orders also the Big Give was once again a strong financial support. Individual donations and fund raising by schools have also enabled the work to continue and we remain very grateful.
As a result of the difficulties faced, by the Charity in fund raising, a decision was made by the UK Trustees in 2021, after consultation with KAINSUDE in Uganda to reduce the activity to a level which would be sustainable over a twelve-month period. Following a review of costs in Uganda it was agreed that the Trust would fund £2,500 per month for the following twelve months. This would allow all existing staff in Uganda to be retained and for the services being provided to continue but on a scaled down basis. This also to conform with regulations around Covid that were introduced by the Ugandan government. As a result of this decision, it was acknowledged that reserve funds would need to be applied for running costs and this has been continued through 2024.
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HIV/AIDS, Community Based Health Care and medical outreach programmes continue.
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Due to legacies, we were able to further fund - new medical equipment, a medical incinerator, new play equipment for the nursery school. We have further supported a soap project which will assist the Project in moving toward self-sustainability.
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We have again managed to pay the staff in KAINSUDE a 10% bonus- the last salary increase being 2019.
What needs doing still-
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The plastering of the school walls in the block where a new roof has been replaced in Magejjo Primary School has still to be done and along with other capital projects remains unfeasible currently.
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An office and storage area needs to be built adjoining the Nursery. More play equipment for the pupils is required at the Nursery.
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THE KANYIKE PROJECT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE
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The health facility requires cordoning into male and female sections and essential repairs to the buildings will again be required as and when funds become available.
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Toilet facilities are required in the health centre and they also require upgraded laboratory equipment.
The Ugandan Government has shown an interest in the work being done in KAINSUDE and are sending officials to see how they can help but they will all be setting some conditions. At the moment negotiations continue.
The future of the Project will remain susceptible to being able to restore fund raising activities within the near future.
FINANCIAL REVIEW
Investment policy and objectives
The Charity invests its funds to obtain the best return available considering the requirements of the Charity to meet regular funding requests from KAINSUDE.
Reserves policy
The charity had been aiming to retain sufficient reserves to meet the approved budgets for salaries and capital expenditure following a critical review of the two-year plan 2019-20 submitted from KAINSUDE which was subject to variation and change. The Trustees were setting aside funds to create a reserve fund to ensure that the Charity would not be entirely dependent on fundraising in the future. With all the challenges around, Covid, War and the economic downturn however, these funds have had to be utilised to cover the everyday running of the Project.
It is recognised that the project's goal of self-sustainability continues to be a major challenge and it will take generations to achieve, however, each year progress is being made.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Trust is governed by a Charitable Trust document and was registered with the Charity Commissioners on 1 May 2009 and the registration number is 1129385.
Recruitment and appointment of new trustees
The trust deed stipulates that there must be at least three trustees. Any trustee needs to be appointed by a resolution of the trustees passed at a special meeting. Trustees are selected with regard to their skills, knowledge and experience required for the effective administration of the charity
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
KAINSUDE has safeguarding policies and have written documents regarding 'Child Protection', 'Adult' and 'Staff Protection Policies.' They also have a 'Health and Safety Policy'.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1129385
Principal address
186 Park Lane Old Knebworth Knebworth Hertfordshire SG3 6PR
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THE KANYIKE PROJECT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
M Hennessey Interegnum Chair and Treasurer Mrs M Fenton J Procter (resigned 16/6/2025) Mrs A Rochester Tounkara Secretary Mrs P J B Barlow (resigned 10/1/2024) Ms S O'Mahoney Ms G Quayle (appointed 10/1/2024) Ms P M Major (appointed 10/1/2024) Ms E L Kessi (appointed 30/6/2025)
Independent Examiner
John Crook & Partners Chartered Accountants 255 Green Lanes Palmers Green London N13 4XE
Approved by order of the board of trustees on 30 June 2025 and signed on its behalf by:
M Hennessey - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KANYIKE PROJECT
Independent examiner's report to the trustees of The Kanyike Project
I report to the charity trustees on my examination of the accounts of The Kanyike Project (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
I A Hunt FCA
John Crook & Partners Chartered Accountants 255 Green Lanes Palmers Green London N13 4XE
14 July 2025
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THE KANYIKE PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 40,572 - Investment income 2 391 - Total 40,963 - EXPENDITURE ON Raising funds 3 108 - Charitable activities Kanyike Initiative 43,563 - Other - - Total 43,671 - NET INCOME/(EXPENDITURE) (2,708) - RECONCILIATION OF FUNDS Total funds brought forward 25,283 - TOTAL FUNDS CARRIED FORWARD 22,575 - |
2024 Total funds £ 40,572 391 40,963 108 43,563 - 43,671 (2,708) 25,283 22,575 |
2023 Total funds £ 47,765 41 |
|---|---|---|
| 47,806 | ||
| - 36,500 70 |
||
| 36,570 | ||
| 11,236 14,047 |
||
| 25,283 |
The notes form part of these financial statements
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THE KANYIKE PROJECT
BALANCE SHEET 31 DECEMBER 2024
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 6 - - Cash at bank 22,575 - 22,575 - NET CURRENT ASSETS 22,575 - TOTAL ASSETS LESS CURRENT LIABILITIES 22,575 - NET ASSETS 22,575 - FUNDS 7 Unrestricted funds TOTAL FUNDS |
2024 Total funds £ - 22,575 22,575 22,575 22,575 22,575 22,575 22,575 |
2023 Total funds £ 204 25,079 |
|---|---|---|
| 25,283 | ||
| 25,283 | ||
| 25,283 | ||
| 25,283 | ||
| 25,283 | ||
| 25,283 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2025 and were signed on its behalf by:
M Hennessey - Trustee
A Rochester Tounkara - Trustee
The notes form part of these financial statements
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THE KANYIKE PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from 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.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Deposit account interest | 391 | 41 |
continued...
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THE KANYIKE PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Support costs | 108 | - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 47,765 - Investment income 41 - Total 47,806 - EXPENDITURE ON Charitable activities Kanyike Initiative 36,500 - Other 70 - Total 36,570 - NET INCOME 11,236 - RECONCILIATION OF FUNDS Total funds brought forward 14,047 - TOTAL FUNDS CARRIED FORWARD 25,283 - |
Total funds £ 47,765 41 |
|---|---|
| 47,806 | |
| 36,500 70 |
|
| 36,570 | |
| 11,236 14,047 |
|
| 25,283 |
continued...
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THE KANYIKE PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | - | 204 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1/1/24 | in funds | 31/12/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,283 | (2,708) | 22,575 |
| TOTAL FUNDS | 25,283 | (2,708) | 22,575 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 40,963 | (43,671) | (2,708) |
| TOTAL FUNDS | 40,963 | (43,671) | (2,708) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1/1/23 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,047 | 11,236 | 25,283 |
| TOTAL FUNDS | 14,047 | 11,236 | 25,283 |
7. MOVEMENT IN FUNDS
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 47,806 | (36,570) | 11,236 |
| TOTAL FUNDS | 47,806 | (36,570) | 11,236 |
continued...
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THE KANYIKE PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/23 | in funds | 31/12/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,047 | 8,528 | 22,575 |
| TOTAL FUNDS | 14,047 | 8,528 | 22,575 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 88,769 | (80,241) | 8,528 |
| TOTAL FUNDS | 88,769 | (80,241) | 8,528 |
Building repairs
A donation has been received to assist in the repairs to the school building. The pressing need is to replace the windows in the school which will be prioritised when using these funds. Due to the impact of the Coronavirus pandemic the donor was contacted and they agreed that the funds can be used for general purposes.
Vehicle funds
The ambulance at the project needed urgent repairs to ensure that it was roadworthy and a donation was received to facilitate these repairs which was sent to the project during the year.
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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THE KANYIKE PROJECT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations from Parishes, Organisations, Firms, | ||||
| Schools & Personal | 14,949 | - | 14,949 | 16,871 |
| Gift aid | 2,780 | - | 2,780 | 2,939 |
| Donations - standing orders | 12,843 | - | 12,843 | 7,955 |
| Legacies | 10,000 | - | 10,000 | 20,000 |
| 40,572 | - | 40,572 | 47,765 | |
| Investment income | ||||
| Deposit account interest | 391 | - | 391 | 41 |
| Total incoming resources | 40,963 | - | 40,963 | 47,806 |
| EXPENDITURE | ||||
| Charitable activities | ||||
| Grants to institutions | 43,500 | - | 43,500 | 36,500 |
| Support costs | ||||
| Finance | ||||
| Bank charges | 171 | - | 171 | 70 |
| Total resources expended | 43,671 | - | 43,671 | 36,570 |
| Net income | (2,708) | - | (2,708) | 11,236 |
This page does not form part of the statutory financial statements
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