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2022-03-31-accounts

HOSPICE CARE KENYA ANNUAL REPORT AND ACCOUNTS 2021 - 22

Number

Company Charity Number 1141469

07540244

Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Table of Contents

Background....................................................................................3
Objectives and Activities..................................................................................3
Achievement
and
Performance
……………………………………………………………………………………………..4 -11
Structure Governance and Management........................................................11
Financial Review............................................................................................11
Policy on Reserves..........................................................................................12
Acknowledgements........................................................................................13
Independent Examiner’s Report.....................................................................14
Statement of Financial Activity ......................................................................15
Balance Sheet................................................................................................16
Statement
of
Cash
Flows
……………………………
……………………………………………………………………….16-17
Notes
to
the
Financial
Statement
……………………………………………………………………………………….18 - 20

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Organisation Details

Patrons

Lord Carey of Clifton Professor Sir Michael Richards

Mr Michael Wooldridge, OBE

Trustees

Dr Sally Hull, Chair Mr David Worthington Dr Michael Hughes Dr Michael Smalley, Vice Chair Sarah Onyango Suzanne Stevenson Yvonne Sanders Hon. Treasurer Sharon Maweu (August 21)

Staf

Mrs Pauline Everitt, Director Mrs Catherine Nelson

Registered Office

Hospice House Telephone: 01905 936184 34 – 44 Britannia Street Email: hck@hospicecarekenya.com London Web: www.hospicecarekenya.com WC1X 9JG Bankers CAF Bank Ltd,

CAF Bank Kings Hill, West Malling, Kent ME19 4TA

Examining Accountant

B C Lloyd FCA Ashfield, Bradley Lane, Bradley, Stafford ST18 9DP

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Background

Hospice Care Kenya (HCK) is a registered UK charity. It was founded in 1991 to support the newly opened Nairobi Hospice, Kenya’s first hospice for palliative care. Today there are more than 70 hospices and palliative care services in Kenya, and the Kenyan Government has begun to provide units in regional hospitals.

HCK raises funds in the UK to support the development and delivery of palliative care in Kenya by responding to specific requests for project funding from hospices and other palliative care units.

Objectives and Activities

1. To raise funds and public awareness for:

2. To act as an agency for UK grant-making bodies working through charities to support projects overseas.

In setting our programme each year we have regard to both the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit. The trustees always ensure that the programmes we undertake are in line with our charitable objects and aims.

This year has been one of transition for HCK as the previous Director, of more than seven years, left and a new Director was appointed. HCK is grateful to her, for her dedication and hard work during that time. The charity has also had to respond to, and has risen to, the challenging requirements of the UK Aid grant from the Foreign, Commonwealth and Development Office. However, this has resulted in less time for applications to Trusts for project disbursements. Despite that, we were able to support more hospices and palliative care units than the year before. We continue to work closely with the Kenyan Hospice & Palliative Care Association (KEHPCA).

HCK were sadden by the death this year of our Patron Archbishop Desmond Tutu and we are immensely grateful to him for his support over the years.

Long-standing supporters of HCK, Iain & Gwyn Sloan, organised a fundraising concert in Malvern Priory in February. This was a superb musical evening and was tremendously successful in raising considerable funds for HCK. We are very grateful for all their hard work and dedication in making this such a memorable event after the restrictions of COVID-19.

In the year 2021 - 22 we continued to review our grant making policy and the monitoring processes to ensure that our funds are used effectively to make a real

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

difference to people in Kenya who need palliative care. In carrying out these objectives and planning activities the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and to the obligations placed upon us by Section 17 of the Charities Act 2011 and confirm that we have complied with the duty placed upon us by the Act.

Achievement and performance

In 2021/22 we helped improve the lives of more than 4,300 people with life-limiting illnesses in Kenya through direct provision of palliative care or through improving access to quality care from trained health

Projects supported in 2021/22

----- Start of picture text -----
Kenya Medical Training Partial sponsorship for Palliative Care £3,997
College Diploma students
Kenya Hospice and £2,253
Palliative Care Training palliative care nurse leaders
£1,505
Association
(KEHPCA) Development of Palliative Care resources
Partial sponsorship for Palliative Care £3,979
Nairobi Hospice Diploma students
NHIF premiums for children diagnosed with £4,024
Hope for Cancer Kids cancer
Training community and primary health £4,989
Taita Taveta Hospice workers
Meru Hospice Home visits, support groups, drugs £2,989
Marsabit County £1,762
Training CHVs
Referral Hospital
Kitui Palliative Care £1,969
Home visits, training patient care givers
Unit
Home visits, adult and paediatric support £4,092
Malindi Palliative Care groups
£4,435
Unit
Training CHVs, community members and
health staff
Kilifi County Referral Training community health workers, £1,996
Hospital awareness, support groups, home visits
Machakos Palliative £2,621
Training community health volunteers
Care Unit
----- End of picture text -----

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

----- Start of picture text -----
Cheptais sub-county £3,991
Training community health workers
Hospital
Nyahururu Hospice Home visits, awareness, drugs and supplies £2,492
Kendu Adventist £1,894
Training hospital staff
Hospital
Laipikia Hospice Home visits, drugs and supplies £4224
Coast Hospice Training CHVS, day care and home visits £6,010
Makindu Palliative £2,417
Training health workers and CHVs
Care Unit
Samburu Training health workers £5,027
Nanyuki Cancer Training Community Awareness Volunteers £2,509
Support Group and supporting their community activity
Ongata Ngong £5,757
UK Aid funded project – developing
Palliative Community
community-based palliative care
Care
Siaya Roselyne UK Aid funded project – developing £9,624
Hospice community-based palliative care
UK Aid funded project – developing £3,225
Nairobi Hospice
community-based palliative care
Safeguarding training UK Aid funded project £1454
----- End of picture text -----

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

In 2021/22 we supported the development and delivery of palliative care across 21 of Kenya’s 47 counties, by supporting 26 hospices, palliative care centres and training programmes.

We supported the training in basic palliative care of 521 Community Health Volunteers across 12 counties, and supported them to provide home-based palliative care to people in their communities

Community health volunteers (CHVs) play a vital role in providing access to homebased palliative care in rural and deprived areas of Kenya. They provide compassionate care and support to families affected by life-limiting illness in their communities, supporting patients with their medication and pain relief, providing counselling and bereavement support, and training family members in homebased care. They also play an important role in raising the low levels of cancer awareness in Kenya.

“Quite a lot of our people have different health issues and I think the training has been great in giving us the opportunity to learn how to take care of our community members who need palliative care. It’s all about having passion in what we are going to do. As we go out there let’s do it from the bottom of our hearts to support our community members”

Benedine Kipruto, CHV in Illula village, Eldoret. Benedine was one of 34

volunteers who took part in training in palliative care in June 2021 at St Mary’s

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

We helped train 30 CHVs in Machakos County who are now visiting patients and providing home-based care in their communities.

Marsabit County, in Kenya’s semi-arid north, covers a vast area where almost a quarter of the population live in extreme poverty. We have helped staff at the newly established Marsabit County Palliative Care Unit to train 52 community health volunteers as well as health workers to bring palliative care closer to home for this dispersed population. Since training the number of people receiving care from the palliative care unit has increased 140% compared with the previous year.

Pictures top: Left -Training taking place in Kajiado West, right – volunteers receive their home based care kits.

Work continued on our project to improve quality of life of people living with lifelimiting illness through developing community-led palliative care in Siaya, Kajiado West and Nairobi’s slums, with funding from UK Aid from the British Government. 168 community health volunteers were trained across the three counties. Training covered all aspects of providing home-based care including counselling and emotional support to patients and their families. The training also covered how to recognise and raise awareness of common cancers affecting women. Trained volunteers were equipped with a simple home-based care kit containing PPE, logbook, referral forms, and non-pharmaceutical medical items to enable volunteers to provide care in the homes of their patients.

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

We supported 646 general health professionals from government hospitals to participate in short courses in palliative care and provided partial sponsorship for 18 nurses to study an 18-month Higher National Diploma in Palliative Care Nursing.

We helped train staff from across the health workforce including hospital staff, rural health workers and community-based health staff. An increased number of health workers with knowledge and skills in palliative care increases access to essential care for patients and helps to facilitate referrals into and out of palliative care services for patients in need. We know this works; our results show that a November 2020 training project contributed to a significant increase in referrals and patients receiving palliative care at Homa Bay PCU, with 251 patients under care in the year before the grant versus 438 patients in the last year since the training project, a 75% increase in utilisation over the year with the increased numbers coming mainly from the sub-counties which participated in the training.

“Many nurses and clinicians who had never heard of palliative care or had no idea how they could administer palliative treatment are now recognizing its role in all tenants of care in our institution. Thanks again for the training support. It has made a world of difference.”

Denny Hong, Co-ordinator at Kendu Adventist Hospital where we supported the training of 36 health workers from across hospital departments. During the year we supported an initiative by Kenya Hospice and Palliative Care Association (KEHPCA) to train eight palliative care nurses as Nurse Leaders. The selected nurses, from hospices and palliative care centres across Kenya, received regular training and support in leadership and teaching skills, after which the nurses were supported to plan, organise and facilitate a 1-day workshop in their local workplace reaching a further 192 health care workers.

Nurse Leader, Mildred Agnes Waccah, facilitates a workshop on palliative care, pain assessment and pain management for nurses, nursing students and clinical officers at Kenyatta National Hospital.

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Home-based care of house-bound and isolated patients was supported from 14 hospices, providing access to palliative care across large areas of 12 counties and reaching over 1,630 patients and their families

During 2021/22 home visits by hospice nurses remained vital in reaching patients made vulnerable to Covid-19 by a life-limiting condition. Our support to this activity became even more crucial towards the end of the financial year as rising fuel prices increased the cost of making essential home visits.

“I have been bedridden for 5 years. I cannot sit upright or stand but the nurses from Meru Hospice have never abandoned me. They kept visiting me and delivering my medicine. I always feel honoured when they come. I am very grateful to them for their home care services”.

Photo left: Francis Mungania, patient of Meru Hospice

In addition to providing care to patients, home visits are an opportunity to support family members with counselling, bereavement support and to provide training in how to provide daily care for their loved one in the home, essential for continuity of care between hospice visits. Over 2,800 family members and carers benefitted from this support.

Photos left to right: Nurse Sophie administers morphine to a patient with cervical cancer during a home visit; A home visits from Coast Hospice in Mombasa; Kitui County PCU nurse visiting a patient at home.

We supported 5 centres to run regular support groups and day care sessions, reaching over 458 patients and their carers

Hospice day-care sessions and support groups provide an opportunity to bring together patients, their families and carers, for peer support, counselling and information sharing. Patients are invited to monthly meetings to meet, support and encourage each other by sharing their stories. This is also an opportunity for nurses to train patients to better manage their condition and keep as healthy as possible.

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Photos above: Left - Monthly day-care taking place at Coast Hospice; right – oesophageal cancer survivor, Jane Kinyua, shares her journey at a meeting of Nanyuki Cancer Support Group meeting.

We supported a new paediatric day-care group at Malindi Palliative Care Unit (photo left) where 32 children and their parents and carers received support with the many challenges of caring for a child with palliative care needs. In Kenya access to palliative care is very limited among children with less than 5% of paediatric patients having access. With so many children and their families going without specialist care, our support to this initiative is vital.

Over 40,000 people in the community were reached with information and advice on cancer and palliative care

We are raising awareness of cancer to help patients get diagnosed sooner and treated earlier, and raising awareness of palliative care and the services available to ensure that those who could benefit are reached with care. This work also involves empowering and gaining the support of community leaders and ‘gatekeepers’ is vital in ensuring the sustainability of our work. As part of our UK Aid project, we are regularly meeting with community leaders to increase their knowledge on cancers affecting women and palliative care services; knowledge they then share with others.

Trained community awareness volunteers in Laikipia County have worked hard to carry out community meetings and awareness/screening events with our support. Laikipia Hospice reports that 60% of newly registered patients at the hospice in the last year were diagnosed with early-stage cancer versus the national statistic of 80% of new cancer cases being diagnosed in the late stages, an achievement they attribute to the awareness programme.

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Photos above: Cancer awareness volunteers from Nanyuki Cancer Support Group in Laikipia (left) discuss breast cancer with women at a World Cancer Day event in and, Pauline Mbugua (right) talks to a group of women from Nanyuki Catholic Womens’ Association about cervical screening at an event in January.

Safeguarding children and vulnerable adults

To deepen our commitment to safeguarding and ensure that safeguarding policy and practice is in place at every level of our operations, we organised a training course to which project partners were invited. The course took place in February with 22 participants representing 16 partner organisations. Participants were encouraged to work as ‘safeguarding champions’ in their place of work to raise awareness amongst other staff and implement safeguarding policies.

“The training was well organised and educative. I now intend to develop safeguarding within the community where I work to protect the vulnerable; training the community health workers. We also need to educate our local leaders so they will have an understanding. It may be difficulty at first due to the culture but I believe working closely with community leaders we can do it” Training participant feedback

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

Structure, Governance and Management

Hospice Care Kenya Ltd is a company limited by guarantee, company number 07540244 and is registered in England as a charity, registration number 1141469. The Company was incorporated on 23[rd] February 2011 and is governed by its Memorandum and Articles of Association of the same date. On 1[st] April 2011 the Company took over the assets and liabilities of the former charity, Hospice Care Kenya, charity registration number 1001709. The Company is managed by a Board of unpaid Trustees, who act both as Directors of the Company for the purposes of the Companies Act 2006 and Trustees of the Charity for the purposes of the Charities Act 2011. All the activities of the Charity are classed as continuing. The Trustees have pleasure in presenting their report and the independently-examined financial statements of the Company for year ended 31[st] March 2022 in accordance with the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 2015 ( FRS 102).

Recruitment and Appointment of Trustees

When there is the requirement to appoint a trustee, personal contacts and networking are used initially to find suitable candidates. This year we were unsuccessful in finding new trustees through these means and so we advertised for potential trustees to fill identified skills gaps and a new trustee was appointed. The appointment of a trustee must have the unanimous agreement of the existing trustees. New trustees are briefed on the objects of the Trust and the Memorandum and Articles governing its activities. All new Trustees are required to sign a Trustee Declaration and Code of Conduct.

Financial review of the accounting period 1[st] April 2021 to 31[st] March 2022

The main activity of the charity was raising funds to support the provision and delivery of palliative care in Kenya. Total income was £232,347 (2021: £134,721). We continue to be generously supported by donations from individuals which amounted to £183,030 including a legacy of £155,713 (2021 £21,250). Given the current circumstances we are very grateful for this on-going support and in particular to those many donors giving regularly by direct debit or standing order.

Due to the efforts of our fundraiser the charity again secured income from Trusts and Foundations.

Our supporters continued to be restricted by Coronavirus, from undertaking any fundraising events on our behalf this year, so we were extremely thankful that the Malvern Concert was possible.

Our first grant round for the year 2021-2022 was moved to April 2021 with the second in October 2021. We are carrying forward funds designated for grants of £ 194,126 (2021 £51,645). Grants paid under the FCDO project in the year were £23,122.79 (2021: £46,388) and a full list of the grantees is shown at note 6 (page 20) of the financial statements.

Policy on Reserves

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

The Trustees reviewed the Reserves Policy in the year and decided that in order to mitigate the risk of unforeseen circumstances or unexpected falls in income it is prudent to hold an amount of £14,000 in reserves. Funds over this amount will be held in a designated reserve from which grants will be paid.

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOSPICE CARE KENYA

My report on the accounts of the Company for the year ended 31 March 2022, which are set out on pages 13 to 18, is in respect of an examination carried out under s.43 of the Charities Act 1993.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity’s trustees (who are the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those set out in the statement below

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

21st May 2022

B C Lloyd FCA Ashfield, Bradley Lane Bradley, Stafford ST18 9DP

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

HOSPICE CARE KENYA Registered Charity 1141469 Company Registration Number 07540244

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) FOR THE YEAR ended 31st March 2022

Not
e
Unrestr
icted
£
Restricte
d
£
TOTAL
FUNDS
£
2021
£
Income and endowments from
Donations and Legacies
Donations 27,317
-
27,317
69,158
Legacy 155,713
-
155,713
21,250
Charitable Activities
Trust Income 11,500
28,442
39,942
42,095
Other Trading Activities
Events 9,350
-
9,350
2,106
Sale of Goods -
-
-
100
Investment Income– bank interest 25
-
25
12
Total Income and Endowments 203,905
28,442
232,347
134,72
1
Expenditure on:
Raising funds:
Fund raising costs of grants
and donations
3 8,851
-
8,851
8,841
Charitable activities:
Grants made to Kenya 6 38,823
52,348
91,171
46,388
Other Expenditure 3 15,528
-
15,528
10,785
Total resources expended 63,202
52,348
115,550
66,014
Exchange rate variance -
1,962
1,962
2,230
Net income being net movement in
funds
140,703
(21,944)
118,759
71,027
Transfer between funds 1,778
(1,778)
Reconciliation of funds:
Total funds brought forward 65,645
30,173
95,818
24,791
Total funds carried forward 208,126
6,451
214,577
95,818

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

HOSPICE CARE KENYA Registered Charity 1141469 Company Registration Number 07540244

BALANCE SHEET 31st March 2022

Not
e
2022
£
Current assets
Debtors and Payments in Advance 4 697
Cash at Bank 214,36
1
215,05
8
Creditors: amounts falling due within one
year
5 (481)
214,57
7
Net assets 214,57
7
Which represent :-
Unrestricted Funds
-
General funds
14,000
-
Designated funds
194,12
6
Restricted Funds 6,451
STATEMENT OF CASH FLOWS for the Year Ending
£ £
Opening Cash Balance 95,78
3
Operating Activities

Receipts from raising funds
228,01
6
Gift aid received 4,306
Payments made (24,37
9)
Increase in Prepayments (402)
Increase in Creditors 221
Grants paid to Kenya (91,17
1)
Movement from operating activities 116,59
1
Investing activities – bank interest 25
Exchange rate variance 1,962
Net movement 118,5
78
Closing Cash Balance 214,3
61

16

Hospice Care Kenya Annual Report and Financial Statements 2021 - 2022 17

Hospice Care Kenya Annual Report and Fir￿￿la1 Statements 2021- 2022 For the year •nded 31st March 2022 thÈ company was etr)tided to exemption from audtt unders•rtlon 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtsin an audit of its accounts lor the year in question in accordance wlth section 476, The director5 acknowledge their re5ponybilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prÈpare(l in accordance with the provisions applicable to companies subject to the small companies, regime. Slgned on behalf of the board of directors These financial xatements lor the ye3r ended 31st March 2022 as set out on pages 13 to 18, were approved bv the Trustees on 29" July 2022 and signed on their behalf by Yvonne Sanders Honorary T￿asUrer Chair 18

Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2022

1. INCORPORATION

The company was incorporated on 23rd February 2011, registered number 07540244, limited by guarantee. It took over the assets and liabilities of the former charity, registered number 1001709 on 1st April 2011. The former charity was deregistered and the company was registered as a new charity, registered number 1141469. The name of the former charity, Hospice Care Kenya, has been retained.

2. ACCOUNTING POLICIES

b. Donations and Voluntary Income

All cash income is accounted for at the time of receipt.

c. Gift Aid The estimated tax refund on Gift Aid donations is accounted for in the year of the receipt of the donations.

3. SUPPORT COSTS

The trust allocates its support costs between those incurred for raising funds and those incurred for carrying out the charitable activities of the trust as shown below.

Fundrai
sing
Charita
ble
Activiti
es
£
£
Total
2021
£
£
Bank Charges 110
824
934
471
Fundraising Costs 1,363
-
1,363
2,001
Prof fees &
Insurance
-
305
305
62
Newsletters 624
-
624
614
Ofce Costs 440
735
1,175
764
Travel 35
-
35
-
Staf Costs –
Salary & Pension
6,250
13,635
19,88
5
15,65
5
Website 29
29
58
57
8,851
15,528
24,37
9
19,62
4

4. DEBTORS

The amount of £697 (2020: £295) is the tax refund due calculated on Gift Aid still to claim and prepayment of insurance and two PO box numbers.

5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

At the year end the charity had accrued £236 for pension costs (2021: £124), £245 PAYE (2020: £82) and had trade creditors of Nil (2020: £54).

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Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March

2022 (Continued) 6. GRANTS MADE TO KENYA

2022 2021
£ £
Cheptais Hospital 3,991 2,447
Coast Hospice 6,010 1,954
Homa Bay - 1,690
Hope for Cancer Kids 4,024 -
KEHPCA
General 3,758 4,892
Safeguarding Training 1,454 -
5,212
Kenya Medical Training College 3,997 2,233
Kendu Adventist Hospital 1,894 -
Kilif PCU 1,996 -

Kitui PCU
1,969 -
Laikipia Palliative Care Centre 4,224 -
Machakos PCU 2,620 -
Makindu 2,417 -
Malindi PCU 8,527 3,913
Marsabit County Hospital 1,763 -
Meru Hospice 2,989 -
Nairobi Hospice 7,515 4,526
Nanyuki Cancer Support Group 2,509 2,251
Nyahururu Hospice 2,492 -
Nyeri Hospice - 2,429
ONPAC 6,318 5,389
Samburu 5,027 -
Siaya Hospice 10,68
8
7,574
St Mary’s Medical Centre - 2,932
Taita Taveta County Hospital 4,989 2,440
Wamba PCU - 1,718
Total Disbursed to Kenya 91,17
1
46,388

20

Hospice Care Kenya Annual Report and Financial Statements 2021 – 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2022

(Continued)

No Trustee received remuneration in the year. Due to the Corona Virus no costs for travel to meetings was incurred by Trustees (2021: £0)

There were no related party transactions

No member of staff has earned more than £60,000 in the year or the previous period.

The aggregate amount of employee benefits for key management personnel was £19,885 (2021: £15,655)

7. MOVEMENT IN FUNDS

OVEMENT IN FUNDS
Unrestricte
d
Designate
d
Restricted Total
As at 1 April 2021 14,000 51,645 30,173
95,818
Incoming Funds - 203,905 28,442
232,34
7
Exchange
Rate
Gains
1,962
1,962
Total Incoming 14,000 255,550 60,577
330,12
7
Outgoing Funds - (63,202) (52,348)
(115,55
0)
Transfers between
Funds
- 1,778 (1,778)
-
As at 31 March
2022
14,000 194,126 6,451
214,57
7

Previous Year

Previous Year
Unrestricted Designated Restricted
As at 1 April 2021 14,000 10,791 -
Incoming Funds - 69,034
14,000 79,825
Outgoing Funds - (29,988)
Exchange Rate Variance - -
Transfers between Funds - 1,808
As at 31 March 2022 14,000 51,645

The Trustees reserve policy is to hold £14,000 in reserve in general funds to cover unforeseen circumstances or unexpected falls in income. The remaining funds are designated for grant distribution.

21