CHARITY REGISTRATION NUMBER: 1135759
The Kanamai Development Trust Unaudited Financial Statements
31 March 2024
CHARLTON BAKER (BRISTOL) LTD Chartered Accountants
61 Macrae Road, Ham Green, Bristol BS20 ODD
The Kanamai Development Trust
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees’ annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement offinancial activities | 5 |
| Statement offinancial position | 6 |
| Notestothefinancialstatements | 7 |
Page 1
The Kanamai Development Trust
Trustees’ Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name The Kanamai Development Trust Charity registration number 1135759 Principal office 21 Waterside Park Portishead Bristol BS20 8LL The trustees Dr Paul Walker Pearl Anne Walker Paul Frobisher Debra Claire Smith Wendy Clifford
Independent examiner Paul Cridland 61 Macrae Road, Ham Green, Bristol BS20 ODD
Structure, governance and management
The charity is constituted under a Trust Deed dated 14 March 2010.
Objectives and activities
Our charitable objects are to promote the advancement of education and training, the relief of poverty sickness and distress and the promotion of good health for the benefit of the community in the Kanamai District of Kenya.
We work in the Kanamai district of Mombasa, Kenya. Our four areas of concern are clean water and sanitation, education, primary health care and employment and self-sufficiency. We have built a primary school, provided education, school uniforms, two meals a day and medical aid for the 150 or so children. We have built and cleaned and updated wells. We have also a farm to grow vegetables and breed chickens.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Page 2
The Kanamai Development Trust
Trustees’ Annual Report (continueg)
Year ended 31 March 2024
Achievements and performance
The school has developed considerably during the year, as the Education Dept decided that Junior Schools should now include the first two years of the present senior schools.
This has meant that we have had to include a Science Lab and extra classrooms on our site, and because of the level of break-ins in the area, we have had to get agreement to build a substantial wall around the school. Final completion to be expected by January 2025.
Our teachers have had to attend seminars to enable them to be upgraded, and we are pleased that both our pupils and staff have done well. At the beginning of the year all our leaving students took exams to enable them to go to high school, and all passed. We are recognised as one of the highest achieving schools in the area, which is very satisfying.
Climate change has certainly affected the weather patterns in Kenya, as well as the rest of the African continent. No rain for a very long time, and then when it did rain, everywhere flooded, because there is no drainage system. Bridges collapsed and caused chaos. And any crop planting was just washed away, so the results are little or no food available, and what is there, is extremely expensive. Shops have closed, and jobs lost.
Despite all this, we have managed to give our children porridge when they arrive at school, and a simple meal at lunch time.
Our small clinic has been busy too, as there is much need for medicines, but without money, they are not able to buy them. We have limited spending money, but we do what we can for those who come to the clinic.
Financial review
During the year the charity received gifts including Gift Aid of £153,409 and expended £155,361 resulting in a deficit of £1,952. When this is deducted from the surplus brought forward of £22,555 this gives total unrestricted funds of £20,603 carried forward.
Reserves policy
The charity currently has free reserves of £20,603. The expenditure on charitable objectives each year depends on the specific community needs of the Kanamai District. All expenditure is approved by the Trustees, the level of reserves is reviewed and decisions regarding expenditure is made by the Trustees having given consideration to available reserves and funds already committed. The Trustees keep sufficient reserves to support any long-term commitments to the Kanamai District. There is no lower or or higher reserve limit.
Plans for future periods
Funding is becoming much more of a problem for us now, as a number of friends have found that with rising costs here, they have had to cut their support of charitable causes. This means that in the coming months we shall have to look at ways of increasing our income. The school is critical for these families who have no means of earning money, and we shall strive to continue to do our best for them.
Page 3
The Kanamai Development Trust
Trustees’ Annual Report (continued)
Year ended 31 March 2024
The trustees’ annual report was approved on 7 January 2025 and signed on behalf of the board of trustees by:
. Pearl Anne Walker Trustee
Page 4
The Kanamai Development Trust
Independent Examiner's Report to the Trustees of The Kanamai Development Trust
Year ended 31 March 2024
| report to the trustees on my examination of the financial statements of The Kanamai Development Trust (‘the charity’) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
1 have completed my examination. | 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 charity as required by section 130 of the Act; or
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_ the financial statements do not accord with those records; or
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the financial statements 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.
| 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.
Paul Cridland
Independent Examiner
61 Macrae Road, Ham Green, Bristol BS20 0DD
7 January 2025
Page 5
The Kanamai Development Trust
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 153,409 | 153,409 | 149,001 |
| Total income | 153,409 | 153,409 | 149,001 | |
| Expenditure | ||||
| Expenditure on charitable activities | 5 | 155,361 | 155,361 | 140,150 |
| Total expenditure | 155,361 | 155,361 | 140,150 | |
| Net (expenditure)/income and net movement in funds | (1,952) | (1,952) | 8,851 | |
| Reconciliation offunds | ||||
| Total funds brought forward | 22,555 | 22,555 | 13,704 | |
| Totalfundscarriedforward | 20,603 | 20,603 | 22,555 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 10 form part of these financial statements.
The Kanamai Development Trust
Page 6
Statement of Financial Position
31 March 2024
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||||||
|---|---|---|---|---|
|et|
|2024|2023|
|Current|assets|Note|£|£|
|Debtors|9|462|452|
|Cash at bank and|in hand|20,931|22,869|
|21,383|23,321|
|Creditors: amounts failing due within one year|10|780|766|
|Net current assets|26,603|22,555|
|Total assets less current liabilitles|20,603|22,555|
|Net assets|20,603|22,555|
|Funds|of the charity|
|Unrestricted funds|20,603|22,555|
|Total charity funds|44|20,603|22,555|
----- End of picture text -----
These financial statements were approved by the board of trustees and authorised for issue on 7 January 2025, and are signed on behalf of the board by:
Pearl Anne Walker Trustee
The notes on pages 7 to 10 form part of these financial statements.
Page 7
The Kanamai Development Trust
Notes to the Financial Statements
Year ended 31 March 2024
- General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 21 Waterside Park, Portishead, Bristol, BS20 8LL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and fiabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. We confirm that there are no critical judgements or estimates to note.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
Page 8
The Kanamai Development Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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° expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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¢ expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles - 25% straight line Equipment - 25% straight line Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Page 9
The Kanamai Development Trust
Notes to the Financial Statements (continueg)
Year ended 31 March 2024
4. Donations and legacies
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2024|Funds|2023|
|£|£|£|£|
|Gifts|
|Gifts|127,725|127,725|131,226|131,226|
|Gift|Aid|25,684|25,684|17,775|17,775|
|153,409|153,409|149,001|149,001|
----- End of picture text -----
5. Expenditure on charitable activities by fund type
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----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2024|Funds|2023|
|£|£|£|£|
|Little|Angels|School,|Mabambani|45,773|45,773|58,701|58,701|
|Clinic|108,794|108,794|80,659|80,659|
|Support|costs|794|794|790|790|
|155,361|155,361|140,150|140,150|
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6. independent examination fees
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||||||||
|---|---|---|---|---|---|---|
|2024|2023|
|£|£|
|Fees|payable|to|the|independent|examiner|for:|
|Independent|examination|of the|financial|statements|790|790|
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7. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
During the year Dr Paul Walker, a trustee of the charity, made personal expenditure on behalf of the charity totalling £96,284. He did not seek reimbursement of this amount and therefore this is included within a total sum of £99,884 donated by Dr Walker included in these financial statements.
8. Tangible fixed assets
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|---|---|---|---|---|---|---|---|---|---|---|
|Motor|
|vehicles|Equipment|Total|
|£|£|£|
|Cost|
|At|1|April|2023|and|31|March|2024|4,173|500|4,673|
|Depreciation|
|At|1|April|2023|and|31|March|2024|4,173|500|4,673|
|Carrying|amount|
|At|31|March|2024|—|-|-|
|At|31|March|2023|-|-|-|
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Page 10
The Kanamai Development Trust
Notes to the Financial Statements (continue)
Year ended 31 March 2024
9. Debtors
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | 452 | 452 | |
| 10. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accrualsanddeferredincome | 780 | 766 |
11. Analysis of charitable funds
Unrestricted funds
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | 31 March | 20 | |||||
| 1 | April 2023 | Income | Expenditure | 24 | |||
| £ | £ | £ | £ | ||||
| General | funds | 22,555 | 153,409 | (155,361) | 20,603 | ||
| At | |||||||
| At | 31 March | 20 | |||||
| 1 | April 2022 | Income | Expenditure | 23 | |||
| £ | £ | £ | £ | ||||
| General | funds | 13,704 | 149,001 | (140,150) | 22,555 |
12. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Current assets | 21,383 | 21,383 |
| Creditors less than 1 year | (780) | (780) |
| Net assets | 20,603 | 20,603 |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Current assets | 23,321 | 23,321 |
| Creditors less than 1 year | (766) | (766) |
| Netassets | 22,555 | 22,555 |