THE SANATA CHARITABLE TRUST Charity registration number 11327661England and Wales) Company registration number 06999163 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE SANATA CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Conway G Davies G Bell J S Plastow T J Maunder J Head PRJSmilh R J Stabler A C Costello (Appointed 13 September 2024) Charlty number (England and Wales 1132766 Company numbor 06999163 Reglstered offlce 58 Trinity street Belle Vue Shrewsbury Shropshire SY3 7PQ Independent examiner Dyke Yaxley Limited 1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA
THE SANATA CHARITABLE TRUST CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 7-13
THE SANATA CHARITABLE TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statèments for the year ended 31 December 2024. The financial slatements have been prepared in accordance with the accounting policies set out in nole 1 to the financial statements and comply with the charity's goveming document, the Companies Act 2006 and '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)" (as amended for accounting periods commencing from 1 January 2019). Objectives and activities The objective of the tharity is to provide financial and other support to the young and vulnerable people who benefft from the services that Restart Africa provides in Gilgil, Kenya. The operations of Restart are overseen by the Kenyan Board of Trustees, which liaise with the Sanata Charitable Trust UK, and both adhere to a common agreed strategy document, which is reviewed annually. In planning the charity's activities, the trustees have had regard to Ihe guidance issued by the Charity Commission on Public Benefit. The main activities in relation t¢ these objects are the raising of funds to support the health, education, and general wellbeing of young and vulnerable people in Kenya, overseeing the operation of the Sanata Children's Home, and ensuring proper and accountable use of the funds raised. Charity Policies During the year, Ihe trustees have on¢e again reviewed all the main policies of the charity which inGluded welkbeing and safeguarding of the Restart children, and current employment policies in line with Kenyan law and practice. A¢hlevements and performance Significant activities and achievements against objectives The new Restart bullding has n¢)w been o¢¢upied for over 9 years. The building remains structurally sound, and additional buildings originally planned for 2019 have again been postponed until finance is guaranteed. Work Continues to improve the site, and the sports field, Children's play aa and a large vegetable garden are now in full use. The prolective elertri¢ fence has been oveThauled and repalred guaranleelng the security of the area. The link with the British Amiy which involves visits by them to Restart where they help with routine maintenance has developed and this led to visits by The Coldstream Guards (February) and The Rifles (March) this year. There have also been visits by the RAF (16 guests) and an a¢aemIG tnp from Shrew-sbury School {20-students and-4 staffj. The website (Mtww.restartafrica.org) is well*stablished, propetly monitored, and has played an increasingly important part in raising awareness and through that. funds. The UK Charity's main concern has always been the Restart, but its original Memorandum and Articles a150 emphasised a commitment to self-sufficiency and general uplift in the deprived community of Gilgil. Srnall business enterprises such as craft and design, and the manufacture of briquettes (from waste) have been in existence for several years but have required financial sUPPOrt. The improved accounting, financial practice and management slructure now sees them at least breaking even, and the long-tem aim remains that these community enterprises will contribute to the finanng of Restart. The Gharity's football team, which plays an important part in raising the profile of the charity in Gilgil and contributes to the uplift of the community has continued its progress and importance in Gilgil. Nine young adults have been successfully admitted to higher learning institutions in Kenya. 7 on BA courses, 1 on a Diploma course and 1 on a Certificate course.
THE SANATA CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The initiative linking Restart students with students at Shrewsbury School via monitored interactive sessions is proving to be very su¢¢essful and the school's fundraising adivities in support of Restart have been a major boost to Restart's finances. The Trust ¢onlinued to commit to raise half the annual cosl of running the charity, with th8 r8mainder coming from support in Kenya and other countries, notably Australia and the USA. The grants paid by the charity to the Kenyan charity are transferred via Bar¢lays Bank to a dedicated sterling account in Barclays Bank, Kenya. However, during the year, major donors in Australia and the USA redUd the amount donated for personal reasons, The Sanata Charitable Trust is ¢urrently working on ensuring that donations will remain at similar levels to the past. Flnancial rèview The financial accounts for the twelve months ended 31 December 2024 have been prepared and approved by the Trustees. Sources of funds indude fundraising events, standing orders. singl8 donations, either on-line or by post, and donations from family chariti8S. The financial position at the year end remained stable with an increase in reserves to £618,180 from £584,523. Total income was £151,869 (2023.. £103,985}. Final net surplus for thè year was £33,65712023'. £28,298). There was a positive impact in the end cf year investment valuation showing an increase in value of £16,037. The overall investment valuation increased from £350.194 to £366,231. The charity is able to cover all its liabililies as they fall du8. The financial position for the year ending 31 December 2024 to date is showing a further increase in the charity's reserves. Res8eS policy Reserves Policy The charity ¢ontinues to apply its net income for the benefit of the Restart in Kenya, in accordanc8 with its objedives. The reserves policy is to ¢onlinue to build funds for this purpose. and it aims to hold funds amounling to at least six months operating ¢o$ts of Restart, which are calculated to be £220,000 in total for the year ended 31 December 2024. Investment Pollcy The Trustees are authorised to invest the assets of the Charity in whatever way thèy believe to be in the interests of the Charity and its objectives. Rlsk Management The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been eslablished to ensure the minimisation of those risks. The financial position of the Charity is robust. resour$ are sufficient to meet any eventualities that may arise for the foreseeable future. Structurey governan¢e and management The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association.
THE SANATA CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Referen¢9 and admlnl$tratlv• detall$ There have been tsvo changes in trustees during the year 2024. The trustees. who are also the directors for Ihe purpose of company law, and who served during the year were: C Conway G Davies G Bell J S Plastow M W Sowerby T J Maunder ARPeak J Head PRJSmith R J Slabler A C Coslello (Resigned 7 February 2024) (Resigned 22 April 2024) (Appointed 13 September 2024) Recruitment and aPpnIMent of trustees New Trustees may be nominated by any trustee but must be eleded by all Irustees. The focus of attention continued to be the strengthening of the controls over the charity's work and finances in Kenya, which is overseen by the UK Trustees. The Board meeting in February 2024 was held on Teams. The AGM was a face-to face affair in London which was planned lo coincide with the fundraising visit of Mary Coulson (CEO) and Marvine Gaye (Operation5 Director} to the UK. The plan for 2025 is to copy this structure for meetings. During the year. the usual visits to Restart by the Chairman and some trustees have continued. Chris Conway, Patrick Smith. James Plastow, Julia Head and Giles Bell all visited during the year and Alison Costello worked as a volunteer accountant early in 2024 before she became a Trustee. The Trustee5' report has been approved by the Board of Trustees and is signed on their behalf by: G Davies Trustse Date: ...?.QIO912025........................
THE SANATA CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SANATA CHARITABLE TRUST I report to the twstees on my examination of the financial statements of The Sanata Charitable Trust {the Charity) for the year ended 3lDeMber 2024 which are set out on pages 5 to 13. Responsibilities and basls of report As the trustees of the charity {and also its dire¢tors for the purposes of company law), you are responsible for the preparation of th8 financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respecl of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed th8 Directions given by the Charity Commission under section 145(5}(b) of the Charities Aci 2011. Independent examlnerfs statement I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause lo b81ieve that in any material resped- accounting records were not kept in respect of the charity as required by section 386 of the Companies A 2006. the financial ststements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. or the financial ststements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for a¢¢ounting and reporting by charities applicable to charities preparing their financial ststements in a¢cordance 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 ¢onne¢tion with the examination to vthich attents'on should be drawn in this report in order to enable a proper understanding of the financial statemenls to be reached. Audrey Williams FCCA Dyke Yaxley Limited 1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA Date:....... JJ &qltmhu- Loir
THE SANATA CHARITABLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restrictsd fund$ funds 2024 2024 Totsl Unrestrictsd Rostrictod funds fvnd$ 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Investments Other income 128,366 14,727 3,764 5,000 133,366 14.727 3.776 99,620 1,225 2,973 99,620 1.225 3,140 12 167 Totsl Income 146,857 5,012 151,869 103,818 167 103,985 Expendlture on: Raising funds Charitable activilies 9,278 120,253 780 5.000 10.058 125,253 4,303 88,577 729 5,032 88,577 Totsl gxpendituro 129,531 5,780 135,311 92,880 729 93,609 Net gainsloosses) on Investments 11 4,136 12,963 17,099 4,595 13,327 17,922 Net income 21,462 12,195 33,657 15,533 12,765 28,298 Transfers belween funds 8.604 (8,604} Net movement in funds 21.462 12.195 33.657 24.137 4,181 28,298 Reconciliation of funds: Fund balances at 1 January 2024 330,362 254,161 584,523 306,225 250,000 556,225 Fund balances at 31 December 2024 351,824 266.356 618,180 330,362 254,161 584,523 The statement of financial activities indudes all gains and108ses cOgnised in the year. All income and expenditure derive from continuing activities.
THE SANATA CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notss Flxed assets Investments 12 366,231 350.194 Current assets Debtors Cash at bank and in hand 13 4,233 251,460 2,963 234,76B 255.693 237,731 Creditors.. amounts falling due within one year 14 (3.744) 13,402) Net current assets 251,949 234,329 Total assets less current liabilities 618,180 584,523 The funds of the charity Restricled income funds Unrestricled funds 15 16 266,356 351,824 254.161 330,362 618,180 584,523 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024. The directors acknowledge their spOnSibl11t1es for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These finanaal statements have been prepared in accordance with the provisions applicable to companies subject to the small Companies regime. The financial stalements were approved by the trustees on ...aaio91202&.. LJOVISD Trustee Company registration number 06999163 (England and Wales)
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charity inforniation The Sanata Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 58 Trinity Street, Bella Vue. Shrewsbury, Shropshire, SY3 7PQ. The charity is registered charity with Charity Commission for England and Wales, number 1132766. 1.1 Accounting convention The financial statements have been prepared in accordance With the charity's governing document. the Companies Act 2008 and 'Accounting and Reporting by Charities: Statement of Recommended Pradice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102}" (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in Ihe SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional ¢urren¢y of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, modrfied to include the revaluation of freehold properties and lo include investment properties and certain financial Instruments at fair value. The principal accounting policies adopted are set out below, 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the Charlty has adequate resources to continue in operational existence for the foreseeable futu. Thus the twstees Continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trust8es in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the finanrAal statements. Endowment funds are subj8Ct to Specific conditions by donors that the capital must be maintained by the charity. 1A Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured lIablY, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notrfied of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations re¢8ived under Gift Aid or deeds of covenant is recognised at the time of the donation.
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivity. Direct costs attributable to a single actiwty are allocated directly lo thal activity. Shared costs which conlribute lo more than one activity and support costs which are nol attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the assefs use. 1.6 Flxed a$$el Investments Fixed asset investments are inilially measured at Iransaction price excluding transaction ¢osts. and are subsequently measured at fair value at each reporting date. Transaction Gosls are expensed as incurred. Changes in fair value are recognised in other re¢ognised gains and losses excépt to th8 extent that a gain reverses a loss previously re¢ognised in net income expenditure, or a loss 8xceeds the accumulated gains re¢ognised in equity.. such gains and loss are recognised in net incomel(expenditure) for the year. 1.7 Financial instruments The charity has elected to apply the provisions of Sedion 11 'Basi¢ Finan¢ial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 1.8 Taxation The charity is exempl from corporation tax on its charitiables activities because all its income is applied for charitable purposes. Income from donations and legacles Unrestricted Restrictsd funds funds 2024 2024 Total Unrestrlcted Restrfcted fund¥ funds 2023 2023 Total 2024 2023 Donations and gifts 128,366 5,000 133,366 99,620 99,620 Income from Investments Unrestricted Unrestricted funds funds 2024 2023 other income 14,727 1,225
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other income Unrostrictsd Restrictsd funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Nel gain on disposal of intangible fixed assets Other income 12 14 3,762 167 171 2,969 3,762 2,969 3,762 3,762 2,969 2,969 Expenditure on rnislng funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restiicted funds funds 2023 2023 Total 2024 2023 Fundraising and publicity Other fundraising costs 4,777 4,777 3,840 3.840 Investment management 4,501 780 5,281 463 729 1,192 Totsl costs 9,278 780 10,058 4,303 729 5,032 Expenditure on charitable activitie5 R¢$tart Africa 2024 Re$tart Afrlca 2023 Direct costs Transfers to Restart Kenya 119,904 82.184 Share of support and governan¢e costs (see note 7) Support Goveman¢e 1,583 3.766 1,911 4.482 125,253 88,577 Anatysls by fund Unreslrided fijnds Restricted funds 120,253 5,000 88.577 125,253 88,577
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to a¢tlvltles 2024 2023 Administration costs Travel costs Governance costs 1,583 1.217 694 4,482 3.766 5,349 6,393 Anatysed between: Restart Africa 5.349 6,393 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting}'. Fees payable for the independent examination of the charivs financial statemenls Profft on disposal of intangible assets 1,255 (14) 1,134 {171) Trustses None of Ihe trustees (or any persons connected with them) received any remuneration or benefts from the tharity during the year {2023.' £nil). During Ihe year, there were no Irustees. expenses reimbursed (2023: £694). 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number DireCtorSrUsteeS There were no employees whose annual remuneration was more than £60.000. 11 Galns and losses on Invostments Unrestrlctad Restricted funds funds 2024 2024 Total Unrestricted Restricted fund8 funds 2023 2023 Total 2024 2023 Gainsl{losses) arising on: Revaluation of investments 4,136 12,963 17,099 4,595 13,327 17.922 10-
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Fixed asset investments Lted invgslrnents Cash In portfollo Total Cost or valuation At 1 January 2024 Additions Valuation thanges Money received Investrnent fees Disposals 346.053 3,800 17,099 4.141 350,194 3,800 17,099 950 {4,875) (93n 950 (4,875) (93n At 31 December 2024 366,015 216 366,231 Carrying amount At 31 December 2024 366,015 216 366,231 At 31 December 2023 346,053 4,141 350,194 13 Debtors 2024 2023 Amounts falling due wlthln one year: Other deblors 4,233 14 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 3.744 3.402 15 Restricted fvnds At 1 January 2024 In¢oming resources Resources expended Transfers Galns and losses At31 December 2024 Sowerby Fund Sowerby Fund unrealised gains Generator Fund 250,000 12 (780) (12.195) 12,963 250.000 4.161 12.195 16,356 5,000 (5,000} 254,161 5,012 (5,780) 12,963 268.356 11
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Restricted funds (Contlnued) Previous year.. At 1 January 2023 Incoming Resources rnsouKes expended Trnnsfern Gains and losses At31 December 2023 Sowerby Fund Sowerby Fund unrealised gains 250,000 167 1729) (12,737> 13.299 250,000 4,133 28 4,161 250,000 167 1729) (8,604} 13,327 254,161 Sowerby Fund During 2020. the Trust reIVed a grant of £250.000 on condition Ihat the grant received is invested as an endowment in order to maintain the capital value of the principal sum whilst producing annually an amount that may be spent lo support the obje¢ts of the Trust. Income arising on the endowment funds, used to support the objects of the Trust, is included as unrestrided income. Any unrealised capital gains or losses arising on the assels form part of the fund. Whilst rpOrate charities do not normalty hold investments as a pennanent endowment. The Trustees have sought clarification from the donor who has consulted their lavryers and has agreèd Ihat the endowed funds should remain in the Trust's balance sheet, as a restricted fund. Generator Fund During the year to 31 December 2024, £5,000 was received from the Colefax Charitable Trust on behalf of two parents whose daughters volunteered at Restart in 2024. This donation was restricted towards the purchase of an electric generator which can provide emergency cover at Restart when there are power cuts. 16 Unrestricted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incomlng rosources Re$ources expended Transfers Gains and losses At31 December 2024 General funds 330,362 146,857 (129,531) 4,136 351,824 Previou8 year: At 1 January 2023 Incomlng resources Resour¢es expended Transfers Galns and losses At31 December 2023 General funds 306,225 103.818 (92,880) 8,604 4,595 330,362 12-
THE SANATA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Analysis of net assets between funds Unrostrictsd funds 2024 Rèstrlcted funds 2024 Total 2024 At 31 December 2024: Investrnents Current assetsl(liabiliiies) 99,875 251.949 266,356 366,231 251,949 351,824 266,356 618,180 Unrestricted funds 2023 Restrictod funds 2023 Total 2023 At 31 December 2023: Investments Current assetsl(liabilities) 96.033 234.329 254.161 350,194 234.329 330.362 254,161 584,523 18 Currency Exchange The funds are sent in Sterling to Kenya which are then Converted at the prevailing rate into Kenyan shillings. 19 Related party transactions The Charity received donations of £1,500 (2023.. £1,500> from The Plastow Family Charitable TTUSt, of which James Plastow is 8 also trustee. The Charity received total donation of £1,200 (2023: £nil) from the spouse and parent of Robert Stabler {£800) and spouse of James Plastow {£600). Addiiionally the Charity received donations withoui conditions from four Trustees totaling £3.540 (2023: £5,400 from five Trustees). 13-
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