2020-11-30-accounts

THE GOOD LIFE ORPHANAGE & SBM SCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR

THE YEAR ENDED DECEMBER 31 2020

Company number 9318813 Charity number 1160572

THE GOOD LIFE ORPHANAGE & SBM SCHOOL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31 2020

I NDEX

Administrative information	1
Trustees’ and Directors’ annual report	2 – 6
Independent Examiner’s report	7
Statement of financial activities	8
Balance sheet	9
Statement of cash flows	10
Notes to the financial statements	11 – 14

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2020

ADMINISTRATIVE INFORMATION

DIRECTORS	Mary Maguire
	Brendan Maher
	Matthew Maher
	Eliot Powell
COMPANY SECRETARY	Sinead Hayes
REGISTERED OFFICE AND	No8 New Heys Way
PRINCIPAL PLACE OF BUSINESS	Harwood
	Bolton
	BL2 4AR
INDEPENDENT EXAMINER	Geoffrey Horley
	Chittenden Horley Ltd
	456 Chester Road
	Old Trafford
	Manchester M16 9HD
BANKERS	Royal Bank of Scotland
	45-48 Deansgate
	Bolton
	Lancs. BL1 1BH
SOLICITORS	Brabners LLP
	Horton House
	Exchange Flags
	Liverpool L2 3YL

1

THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2020

The trustees present their annual report together with the financial statements of the charity for the year ended December 31[st,] 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Companies act purposes.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS102) (effective 1 January 2015), referred to as the Charities SORP (FRS 102).

OBJECTIVES AND ACTIVITIES

Charitable objects

Registration history

The company was registered on November 19 2014 and obtained charitable status on February 20th, 2015. It commenced operations in February 2015

Charitable objects

The objects of the charity, which are for the public benefit, are specifically restricted to:

(1) the advancement of the education of the public anywhere in the world, in particular, but without prejudice to the generality of the foregoing, at the good life school in Kenya by providing and assisting in the provision of facilities for education at the school;

(2) to relieve sickness and poverty amongst children and young people through the provision and operation of an orphanage in Kenya;

(3) to advance in life and relieve the needs of young people through (a) the provision of recreational and leisure time activities provided in the interests of social welfare, designed to improve their conditions of life; and/or (b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals;

(4) for the public benefit, any exclusively charitable purpose according to the law in England and Wales as the trustees shall in their absolute discretion from time to time determine.

Aims

The main aim of the charity is to fundraise in the UK in order to provide funds to support charitable work in Kenya. It does not undertake its own charitable activity but provides financial support to two institutions in Kenya in fulfilment of its charitable purposes. The two institutions it supports in Kenya are The Good Life Orphanage and St Bernadette Mary School.

In order to support the effective use of its funding the charity also provides pro bono administrative support to these two institutions

Activities

The sole activities of the charity this year were connected with fundraising and in the provision of administrative assistance to the above Kenyan institutions

Public benefit

No charges are levied to the children who attend either the school or the orphanage in Kenya. In undertaking their duties, the Trustees of the charity have given due consideration to the Charity Commissions published guidance on public benefit activities

Contribution of volunteers

The charity does not employ staff or engage sub-contractors to undertake its work. It relies entirely on volunteer support. A significant contribution in terms of fundraising organisation, the provision of support to the Kenyan institutions, and general UK administration is provided by the Trustees and persons with who they are connected

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THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2020

ACHIEVEMENTS AND PERFORMANCE

Good Life Orphanage

During 2020, the charity provided funding to support the Good Life Orphanage in Kenya. The orphanage caters for children up to the age of 18 years old. The Orphanage is registered as a Charitable Children’s Institution and the Kenyan Government (Department for Children) refers children to the orphanage.

The funding provided by this charity provides for:

• Safe and suitable accommodation

• Three well-balanced meals a day

• Staff supervision and appropriate specialist support

All the children are either orphaned, abandoned or living in a volatile situation where they are in danger, and many are malnourished & abused so the need for specialist care is paramount.

During 2020 we continued to ensure all the children were well cared for in a loving and secure environment. In March 2020 strict lockdown restrictions were introduced in Kenya which affected the operations. The Therapy & Respite Centre remained closed until September as visitors were not allowed to enter the premises.

As staff members were unable to move from county to county during the lockdown the majority of staff stayed at the orphanage caring for the children and adhering to strict procedures to ensure our most vulnerable children did not get the virus which could have been fatal for them.

There are now twenty-nine children being supported within their extended families in the community as we are aware that having this link with their families is very important for their stability and development.

St Bernadette Mary School

During the year, the charity provided funding to support the St Bernadette Mary School in Kenya. The school is registered as a private mixed-day school with the Ministry of Education, Science and Technology. The school provided free education for 350 pupils between the ages of 4 years old to 18 years old. 300 children from the surrounding community who live in abject poverty and would otherwise never have attended school and 50 orphans from The Good Life Orphanage.

Established in 2012 the school continues to develop and during 2016 employed 13 fully qualified local teachers and a further 7 support staff. It has quickly become a well-respected educational facility with a very high success rate in the annual K.C.P.E. Examination results.

Due to the strict Covid-19 guidelines, the school remained closed from March 2020 until November 2020 when only Class 4 and Class 8 pupils returned to school. As a result of the lockdown, the K.C.P.E. Examinations were postponed until March 2021.

There is no electricity in the homes of our SBM pupils so online learning was not an option. To solve this problem worksheets were available for all pupils on Tuesdays and Friday when the majority of parents made the journey by foot to pick up & drop them off as they were also very keen for their children to continue to participate in school studies.

A decision was made by the trustees to continue paying the staff during the lockdown period due to the financial circumstances of the staff, without their salaries, many would have not been able to feed their families. This was welcomed by all the staff who were very grateful to receive their salaries.

High school, vocational education.

Also provided by the funds raised, is sponsored high school education for the top performing pupils from St Bernadette Mary School annually. Without this additional support, it is unlikely that these children would have continued in formal education, because of the unaffordability of the tuition costs for poorer families. This scheme also encourages the other pupils to perform well so they may also receive this sponsorship.

In 2020 the high schools were closed in March due to the strict Covid-19 restrictions, five of the university students resumed their studies in October 2020 but worked remotely using the computers in our Technical Block.

The Technical Block which opened in 2016 had to also close for the majority of 2020 but the adjoining sewing room remained open as the need for the reusable sanitary kits became urgent as teenage girls could not access sanitary protection as all the schools were closed.

.

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THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2020

Fundraising progress

There was no annual fundraising event in 2020 due to lockdown, the charity continued to receive monthly donations from people which go towards covering some of the annual running costs. We received an annual donation from the Maher Family that covers the operating costs of St Bernadette Mary School.

FINANCIAL REVIEW

Overview

During the year, the charity successfully raised just over £190,800 to support its charitable purposes.

Most of the monies raised were remitted to Kenya during the year and costs associated with fundraising and with the administration have been minimal.

Reserves

The Trustees have assessed that the charity’s main requirement for reserves at the date of this report is to provide financial security for the Kenyan school and orphanage. These institutions are wholly reliant on funding from this charity and therefore if this charity’s income reduces then its capacity to support the work in Kenya would, in the absence of reserves, be immediately reduced.

The Trustees have resolved that the appropriate level of reserves should be one that is sufficient to fund twelve months' recurring costs of the Kenyan school and orphanage. Based on current operating budgets this equates to circa £100k.

Going concern

The charity has not entered into formal commitments to continue to offer grants and has no significant third-party liabilities or significant recurring routine administration costs. Its ability to continue is dependent on it maintaining the trust and goodwill of its donors and on the capacity of its Trustees and supporters to continue their pro-bono work on its behalf

In the opinion of the Trustees, the charity is properly regarded as a going concern.

FUTURE PLANS

The overriding continuing priority for this charity is to underpin its financial capacity to provide the continuing grant support that the Good Life Orphanage and St Bernadette Mary School require.

Over and above this essential requirement the Trustees are very conscious of the desirability of extending the existing work in Kenya so as to provide additional provision with regard to:

• Children with special needs including development of the Therapy & Respite Centre. This would in time also offer educational support to the children who attend the centre.

• Assisting girls to stay in school throughout the month by providing reusable sanitary protection.

• Preparing older children for Independent Living in our Transition House.

• With ongoing changes in government legislation, tracing extended families of our orphaned and abandoned children for children is even more important. We are seeing the success of the children already reintegrated to the family units and with the monthly financial support they are experiencing Kenyan village life.

• Supporting successful students with their university/college studies.

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THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2020

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee governed by its memorandum and articles of association dated November 13 2014. It is a registered charity with the Charity Commission.

Members of the company

There are currently four members of the company who are also Directors and Trustees

Appointment of trustees

The present Directors/Trustees are the company’s initial subscribers. The Articles provide that all directors/trustees should be members and that all members should be directors/trustees.

Directors/trustees retire by rotation and may be reappointed for a three year-term. The board may co-opt up to two directors/trustees and such persons must stand for re-election at the next Annual General meeting.

Trustee induction and training

Directors/trustees are expected to take a close interest in the work of the charity and contribute to its fundraising efforts and/or to its administration. The present directors/trustees were familiar with the project before the company was incorporated a so no induction was required for then. Appropriate induction processes will be devised to reflect any future recruitment of board members.

Organisation

The charity is run on an entirely voluntary basis. There are no paid staff and the main functions of the charity are carried out by the Trustees and by other supporters. The trustees hold formal meetings at least twice a year but collaborate informally more frequently.

The day-to-day oversight of the charity is delegated to Mary Maguire.

Related parties

There is one category of transactions with Trustees that is deemed to be a related party transaction. There are unrestricted donations made by Trustees or by persons connected with them to the charity – these are disclosed in aggregate Note 15 to the accounts.

Co-operation with other organisations/charities

The charity provides grant support to two independent Kenyan-based organisations.

The Good Life Orphanage P.O. Box 95846 – 80106 Mombasa Coast Province Kenya

The orphanage is registered as a Charitable Children’s Institution with the Ministry of Labour Social Security and Services - Registration No: CS NO.00489

St Bernadette Mary School P.O. Box 627 – 80109 Mtwapa Coast Province Kenya

The school is registered as a basic education institution with the Ministry of Education Science & Technology. - Registration No: 00632

Both these institutions operate from the following address:

Mtepeni Village Mtwapa Kilifi County Coast Province Kenya

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THE GOOD LIFE ORPHANAGE & SBM SCHOOL TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31 2020

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of Charity for the purposes of company law) are responsible for preparing the Trustees’ Annual Report] and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP 2015 (FRS 102);

• make judgments and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures

• disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time, the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMALL COMPANY PROVISIONS AND APPROVAL

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

Approved by the Board of Trustees and signed on its behalf by:

Mary Maguire

MARY MAGUIRE

Trustee and Director

Date September 24 2021

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THE GOOD LIFE ORPHANAGE & SBM SCHOOL INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED DECEMBER 31 2020

Independent Examiner's Report to the Trustees of The Good Life Orphanage & SBM School

I report to the charity trustees on my examination of the accounts of the company for the year ended December 31 2020 which are set out on pages 8 to 14.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

3. the accounts do not accord with those records; or

4. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

5. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance 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 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.

Geoffrey Horley

GEOFFREY HORLEY MBA FCA DChA

For and on behalf of: Chittenden Horley Limited Chartered Accountants 456 Chester Road Old Trafford Manchester M16 9HD Date: September 27 2021

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THE GOOD LIFE ORPHANAGE AND SBM SCHOOL

STATEMENT OF FINANCIAL ACTIVITY (Including Income and Expenditure Account) FOR THE YEAR ENDED DECEMBER 31 2020

Notes Incoming resources from generated funds: Donations 2 TOTAL INCOME EXPENDITURE Cost of Fundraising Event 3 Expenditure on charitable activities 4 TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) TOTAL FUNDS BROUGHT FORWARD 9 TOTAL FUNDS CARRIED FORWARD 9	Unrestricted Funds £ 190,816	Restricted Funds £ - - - - - - -	Total Total 2020 2019 £ £ 190,816 233,832 190,816 233,832 401 12,318 159,700 187,509 160,101 199,827 30,716 34,005 - - 30,716 34,005
	190,816
	401 159,700
	160,101
	30,716 - 30,716
		-

The notes on pages 11 to 14 form part of these accounts.

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THE GOOD LIFE ORPHANAGE AND SBM SCHOOL BALANCE SHEET AS AT DECEMBER 31 2020

Notes FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors (donations receivable) Debtor (gift aid receivable 2019 & 2020) Cash at Bank and in Hand CREDITORS Amounts falling due in one year 7 & 8 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted 9 Restricted 9 TOTAL FUNDS	2020 £ - - 8,500 159,918	2020 2019 £ £ - - 9,719 127,933 137,652 1,500 166,868 166,868 166,868 - 166,868	2019 £ - 136,152
	168,418 1,550
			136,152
			136,152 -
			136,152

These financial statements have been prepared in accordance with the provisions applicable to companies subjec the small companies regime.

For the year ending December 31 2020, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 requirin the company to obtain an audit of its accounts for the year in question.

Directors responsibilities

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to acco records and the preparation of accounts.

The notes on pages 11 to 14 form part of these financial statements.

Approved by the Board and authorised for issue on September 24 2021

And signed on their behalf by:

Mary Maguire

MARY MAGUIRE Director

Company registration number 9318813

9

THE GOOD LIFE ORPHANAGE AND SBM SCHOOL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

Note Cash used in operating activities 14 Cashflows from investing activities Purchase of tangible fixed assets Proceeds of sale of fixed assets Cash provided by/(used in) investing activities Cashflows from financing activities Proceeds from new borrowings Repayment of borrowing Cash used in financing activities Increase/(decrease) in cash & cash equivalents in the year Cash and cash equivalents brought forward Cash and cash equivalents carried forward Cash and cash equivalents consist of: Cash at bank and in hand

2020 2019 £ £ 31,985 25,037 - - - - - - - - - - - - 31,985 25,037 127,933 102,896 159,918 127,933 159,918 127,933 159,918 127,933 -

The notes on pages 11 to 14 form part of these financial statements.

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THE GOOD LIFE ORPHANAGE & SMB SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2020

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared: under the historic cost convention; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on July 16 2014; FRS102; and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS102.

Transition to FRS102 and reconciliation with previous Generally Accepted Accounting Practice

This is the first year of applying FRS102 and the date of transition is November 14 2014. In preparing the accounts the trustees considered whether in applying the accounting policies required by FRS102 and Charities SORP FRS102 a restatement of comparative items was required.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income:

Donations from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings insofar as that expenditure has been incurred.

Grants payable Grants payable are recognised at the point that a formal commitment is made to the recipient

Costs of raising funds including those associated with fundraising activities, managing investments and commercial trading by the subsidiary company.

Charitable activities cost of undertaking the work of the charity.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Financial instruments

The charity has only basic financial instruments which are initially recorded at cost, subsequently measured at their settlement value.

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THE GOOD LIFE ORPHANAGE AND SBM SCHOOL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2020

Unrestricted £ 2 DONATIONS Unrestricted donations Trustees and connected parties 31,503 Donations from Fundraising Event - Just Giving (donations) 4,430 Just Giving (gift aid) 580 Donorbox donations 10,587 Other donations 133,674 Other donations (gift aid 2017 to 2020) 10,043 190,816 Unrestricted 3 FUNDRAISING COSTS £ Fundraising events and cost of raising 401 funds 401 4 CHARITABLE EXPENDITURE Unrestricted £ Direct Costs Other costs relating to GLO & SBM 4,073 Sent to Good Life Orphanage 75,050 Sent to SBM School 71,734 High School sponsorship 7,635 Support costs & governance Independent exam fees 750 Bank charges 458 159,700 5 NET INCOMING RESOURCES AFTER TRANSFERS This is stated after charging/(crediting): Independent examiner's fees Trustees' remuneration & expenses	Unrestricted	2020 Restricted	Total	Unrestricted	2019 Restricted Total
	£ 31,503 - 4,430 580 10,587 133,674 10,043	£ - - - - - - -	£ 31,503 - 4,430 580 10,587 133,674 10,043	£ 31,020 33,249 1,703 233 6,130 161,498 -	£ £ - 31,020 - 33,249 - 1,703 - 233 - 6,130 - 161,498 - - - 233,833
	190,816	-	190,816	233,833
	Unrestricted	2020 Restricted	Total	Unrestricted	2019 Restricted Total
	£ 401	£ -	£ 401	£ 12,318	£ £ - 12,318 - 12,318
	401	-	401	12,318
	Unrestricted	2020 Restricted	Total	Unrestricted	2019 Restricted Total
	£ 4,073 75,050 71,734 7,635 750 458	£ - - - - - -	£ 4,073 75,050 71,734 7,635 750 458	£ 6,546 81,155 89,990 8,645 750 422	£ £ - 6,546 - 81,155 - 89,990 - 8,645 - 750 - 422.00 - 187,508 2019 £ 750 -
	159,700	-	159,700	187,508
				2020 £ 750 -

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THE GOOD LIFE ORPHANAGE AND SBM SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2020

**6 **	STAFF INFORMATION	2020	2019
		£	£
**a **	Staff costs
	Salaries and wages	-	-
	Employer's NI contributions	-	-
		-	-
b	Key management personal
	The trustees manage the charity on a voluntary basis and do not receive any remuneration
**7 **	CREDITORS falling due within one year
	Accruals	1,500	1,500
	Just giving fees payable	-	-
		1,500	1,500
**8 **	FUNDS HELD IN TRUST
	Receipts in the year	7,000	4,016
	Forwarded to St. Patrick's Church	-	(2,016)
	Forwarded to Fr. Dolan	(6,950)	(2,000)
		50	-

The funds held in trust refer to the money remitted to the charity, by a friend for the benefit of Fr. Dolan's School and some people in Kenya. This was for completion of the school renovations, buying furniture and also to feed the people who needed help during Covid -19 pandemic. These funds are for the 3rd party therefore, not reflected in the financial statements. The above balance of £ 50 that has not yet been sent to the church and therefore still held in the charity's bank account.

9 STATEMENT OF FUNDS Unrestricted Funds: General fund	Balance 01/01/2020 £ 136,152	Income £ 190,816	Expenditure £ (160,101)	Balance Transfer 31/12/2020 £ £ - 166,868 - 166,868
	136,152	190,816	(160,101)

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THE GOOD LIFE ORPHANAGE AND SBM SCHOOL NOTES TO THE ACCOUNTS FOR YEAR ENDED DECEMBER 31 2020

10 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS
Fund balances at December 31 2020 are represented by:- Tangible fixed assets Current assets Current liabilities	Unrestricted Funds £ - 168,418 (1,550)	Restricted Funds Total £ £ - - - 168,418 - (1,550) - 166,868
	166,868

11 CONSTITUTION

The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each.

12 TAXATION

The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.

13 CAPITAL COMMITMENTS

There were no capital commitments authorised and contacted for at the end of the year (2019: £Nil).

14 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) Add back depreciation Deduct interest income shown in investing activities Deduct profit/add back losses on disposals of FA Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash generated from/(used in) operating activities	Year ended Year ended Dec 31 2020 Dec 31 2019 £ £ 30,716 34,006 - - - - - - 1,219 (9,719) 50 750 31,985 25,037

15 RELATED PARTY TRANSACTIONS

• (a) Controlling party

As a charitable company, the members and directors have no personal beneficial interest in the company. The charity was under the control of its Trustees throughout the period and the preceding period.

• (b) Transactions with directors

Donations and support-in-kind

During the year,the Trustees (or persons connected with them) made donations of £31,503 (2019:£31,020) to the charity. These donations were all unrestricted and no Trustee received any benefit from their application. The Trustees also expended significant time on the business of the charity and also incurred travel and accommodation expenses for which they did not seek any recompense.

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