## **Lone Buffalo - Management accounts for the three months to 31 March 2025**
|**_Exchange rates used (period end)_**
_$1 = KIP21,608_
1 Jan was $1 _= KIP21,732_
_£1 = $1.292_
1Jan was £1 _=$1.252_|**2025**|**2025**|**2024**||**2025**|
|---|---|---|---|---|---|
||Qtr to 31 March
Qtr to 31 March||Year to 31 Dec||Year to 31 Dec|
||Actual
Budget
US$ US$ 9,500|Actual
Budget
US$ US$ 9,500|Actual
Budget
US$ US$ 29,003
27,500||Budget
US$ 38,000|
|**Income**
Corporate donations||||||
|Embassy contributions (US, UK,NZ, CAN)|1,698
6,500|1,698
6,500|21,451
25,000||26,000|
|Personaldonations,including giftaid|21,564
9,125|21,564
9,125|40,496
31,200||36,500|
|Class sponsorship|8,097
3,000|8,097
3,000|8,459
10,500||12,000|
|BFLsupport|||17,000|||
|MAGteaching|1,000|1,000|7,056
3,500||4,000|
|Other|5,378
675|5,378
675|1,930
500||2,700|
|Total income|36,736
29,800|36,736
29,800|108,395
115,200||119,200|
|**Expenditure**
Salaries,visas and allowances|(12,870)
(12,174)|(12,870)
(12,174)|(45,644)
(41,220)||(48,700)|
|Rent,Accommodation&Maintenance|(7,225)
(3,738)|(7,225)
(3,738)|(11,912)
(9,910)||(14,950)|
|Transport|(1,604)
(575)|(1,604)
(575)|(2,742)
(3,500)||(2,300)|
|Communications and administration|(1,350)
(2,014)|(1,350)
(2,014)|(10,736)
(11,760)||(8,050)|
|LB Footballcoaching programme|(2,975)
(839)|(2,975)
(839)|(4,866)
(4,080)||(3,350)|
|LB Film making and photography|(221)
(675)|(221)
(675)|(2,328)
(3,000)||(2,700)|
|LB Development Programmes|(1,885)
(4,500)|(1,885)
(4,500)|(17,466)
(17,000)||(18,000)|
|LBCoffee co-operative|(912)
(200)|(912)
(200)|(681)
(1,000)||(800)|
|Green Buffalo|(1,702)
(1,500)|(1,702)
(1,500)|(4,470)
(5,000)||(6,000)|
|LBSafeguarding|(200)|(200)|(163)
(1,000)||(800)|
|Marketing &Promotion|(839)
(625)|(839)
(625)|(2,320)
(3,100)||(2,500)|
|MOUAdministration/Medical|(943)
(413)|(943)
(413)|(1,188)
(2,200)||(1,650)|
|Other|||(132)|||
|Total expenditure|(32,526)
(27,452)|(32,526)
(27,452)|(104,648)
(102,770)||(109,800)|
|**Surplus/(deficit) b/f exchange rate effect**|**4,210**
**2,349**|**4,210**
**2,349**|**3,747**
**12,430**||**9,400**|
|Exchange difference oncurrencytransfers|(866)
-|(866)
-|(1,649)|||
|Exchange difference on revaluations|3,380
-|3,380
-|(1,975)
-||-|
|**Surplus/(deficit)**|**6,725**
**2,349**|**6,725**
**2,349**|**123**
**12,430**||**9,400**|
|||||||
|**Summary balance sheet**||US$|US$||US$|
|UKbankaccountbalance||104,661
(£80,995)|99,144
(£79,220)||109,359|
|Lao dollaraccountbalance||1,372|266|||
|LaoKIPaccountbalance||448|360||-|
|Lao cashbalance||203|189|||
|Stipend unpaid||-|-||-|
|**Net assets**||**106,684**|**99,959**||**109,359**|
|Netassets brought forward||99,959|99,836||99,959|
|Surplus/(deficit)||6,725|123||9,400|
|**Net assets carried forward**||**106,684**|**99,959**||**109,359**|
|**By**|**source - 3 months to 31 March**|**UK charity**|**UK charity**|**Lao banks**|**KIP cash**|**Accruals**|**Adjs**||**Total**|
|---|---|---|---|---|---|---|---|---|---|
|||£|US$|US$|US$|US$|US$||USD|
||**Balance 1 January**|**79,220**|**99,144**|**627**|**189**|**-**|**-**||**99,959**|
||Income|28,852|36,121|100|516||||36,736|
||Expenditure|(8,077)|(10,135)|(19,952)|(2,439)||||(32,526)|
||Transfers|(19,000)|(23,844)|21,042|1,936||||(866)|
||Exchange difference on revaluations||3,375|4|1||||3,380|
||**Movement**|**1,774**|**5,517**|**1,194**|**14**|**-**|**-**||**6,725**|
||**Balance 31 March**|**80,995**|**104,661**|**1,820**|**203**|**-**|**-**||**106,684**|
||||||Difference
$3,224
$3,115
$3,296
$3,375|||||
||**Check on revaluation**
At opening
At closing
rate
rate
Opening balance in £
£79,220
$99,144
$102,368
Average balance in £
£76,532
$95,780
$98,895
Closing balance in £
£80,995
$101,365
$104,661
Actual||||Difference
$3,224
$3,115
$3,296|||||
||||||$3,375|||||
13/04/2025 09:28
## **Lone Buffalo - Management accounts for the three months to 31 March 2025**
|**_Exchange rates used (period end)_**
_$1 = KIP21,608_
1 Jan was $1 _= KIP21,732_
_£1 = $1.292_
1Jan was £1 _=$1.252_|**2025**|**2025**|**2024**||**2025**|
|---|---|---|---|---|---|
||Qtr to 31 March
Qtr to 31 March||Year to 31 Dec||Year to 31 Dec|
||Actual
Budget
US$ US$ 9,500|Actual
Budget
US$ US$ 9,500|Actual
Budget
US$ US$ 29,003
27,500||Budget
US$ 38,000|
|**Income**
Corporate donations||||||
|Embassy contributions (US, UK,NZ, CAN)|1,698
6,500|1,698
6,500|21,451
25,000||26,000|
|Personaldonations,including giftaid|21,564
9,125|21,564
9,125|40,496
31,200||36,500|
|Class sponsorship|8,097
3,000|8,097
3,000|8,459
10,500||12,000|
|BFLsupport|||17,000|||
|MAGteaching|1,000|1,000|7,056
3,500||4,000|
|Other|5,378
675|5,378
675|1,930
500||2,700|
|Total income|36,736
29,800|36,736
29,800|108,395
115,200||119,200|
|**Expenditure**
Salaries,visas and allowances|(12,870)
(12,174)|(12,870)
(12,174)|(45,644)
(41,220)||(48,700)|
|Rent,Accommodation&Maintenance|(7,225)
(3,738)|(7,225)
(3,738)|(11,912)
(9,910)||(14,950)|
|Transport|(1,604)
(575)|(1,604)
(575)|(2,742)
(3,500)||(2,300)|
|Communications and administration|(1,350)
(2,014)|(1,350)
(2,014)|(10,736)
(11,760)||(8,050)|
|LB Footballcoaching programme|(2,975)
(839)|(2,975)
(839)|(4,866)
(4,080)||(3,350)|
|LB Film making and photography|(221)
(675)|(221)
(675)|(2,328)
(3,000)||(2,700)|
|LB Development Programmes|(1,885)
(4,500)|(1,885)
(4,500)|(17,466)
(17,000)||(18,000)|
|LBCoffee co-operative|(912)
(200)|(912)
(200)|(681)
(1,000)||(800)|
|Green Buffalo|(1,702)
(1,500)|(1,702)
(1,500)|(4,470)
(5,000)||(6,000)|
|LBSafeguarding|(200)|(200)|(163)
(1,000)||(800)|
|Marketing &Promotion|(839)
(625)|(839)
(625)|(2,320)
(3,100)||(2,500)|
|MOUAdministration/Medical|(943)
(413)|(943)
(413)|(1,188)
(2,200)||(1,650)|
|Other|||(132)|||
|Total expenditure|(32,526)
(27,452)|(32,526)
(27,452)|(104,648)
(102,770)||(109,800)|
|**Surplus/(deficit) b/f exchange rate effect**|**4,210**
**2,349**|**4,210**
**2,349**|**3,747**
**12,430**||**9,400**|
|Exchange difference oncurrencytransfers|(866)
-|(866)
-|(1,649)|||
|Exchange difference on revaluations|3,380
-|3,380
-|(1,975)
-||-|
|**Surplus/(deficit)**|**6,725**
**2,349**|**6,725**
**2,349**|**123**
**12,430**||**9,400**|
|||||||
|**Summary balance sheet**||US$|US$||US$|
|UKbankaccountbalance||104,661
(£80,995)|99,144
(£79,220)||109,359|
|Lao dollaraccountbalance||1,372|266|||
|LaoKIPaccountbalance||448|360||-|
|Lao cashbalance||203|189|||
|Stipend unpaid||-|-||-|
|**Net assets**||**106,684**|**99,959**||**109,359**|
|Netassets brought forward||99,959|99,836||99,959|
|Surplus/(deficit)||6,725|123||9,400|
|**Net assets carried forward**||**106,684**|**99,959**||**109,359**|
|**By**|**source - 3 months to 31 March**|**UK charity**|**UK charity**|**Lao banks**|**KIP cash**|**Accruals**|**Adjs**||**Total**|
|---|---|---|---|---|---|---|---|---|---|
|||£|US$|US$|US$|US$|US$||USD|
||**Balance 1 January**|**79,220**|**99,144**|**627**|**189**|**-**|**-**||**99,959**|
||Income|28,852|36,121|100|516||||36,736|
||Expenditure|(8,077)|(10,135)|(19,952)|(2,439)||||(32,526)|
||Transfers|(19,000)|(23,844)|21,042|1,936||||(866)|
||Exchange difference on revaluations||3,375|4|1||||3,380|
||**Movement**|**1,774**|**5,517**|**1,194**|**14**|**-**|**-**||**6,725**|
||**Balance 31 March**|**80,995**|**104,661**|**1,820**|**203**|**-**|**-**||**106,684**|
||||||Difference
$3,224
$3,115
$3,296
$3,375|||||
||**Check on revaluation**
At opening
At closing
rate
rate
Opening balance in £
£79,220
$99,144
$102,368
Average balance in £
£76,532
$95,780
$98,895
Closing balance in £
£80,995
$101,365
$104,661
Actual||||Difference
$3,224
$3,115
$3,296|||||
||||||$3,375|||||
13/04/2025 09:28
## **Independent examiner’s report to the trustees of Lone Buffalo**
I report to the trustees on my examination of the accounts of the Lone Buffalo Charitable Incorporated Organisation (the CIO) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
2. the accounts do not accord with those records.
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.
Signed:
Name: Anthony S Weston Smith Fellow of the Institute of Chartered Accountants of England & Wales Address: 132 Oakhill Road, Sevenoaks TN13 1NX Date: 23rd July 2025