ANNUAL REPORT And Financial Statement for the Year Ended 31 March 2021
The Kairos Initiative
Email: info@thekairosinitiative.org Charity number: 1182681 Address: 19 Dorchester Park, PRENTON, Wirral, Merseyside, CH43 9HD
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TABLE OF CONTENTS
COMPANY INFORMATION ______ 3 STRUCTURE, GOVERNANCE & MANAGEMENT ___ 4 OBJECTIVES & ACTIVITIES _____ 6 FINANCIAL REVIEW ______ 8 FINANCIAL STATEMENT _____ 9 DECLARATION _________ 10
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COMPANY INFORMATION
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name: The Kairos Initiative Registered Charity Number: 1182681 Registered Office: 19 Dorchester Park Prenton Wirral CH43 9HD Trustees: Ije McDougall (Chair) Sean Cotter (Trustee) Sharon Munroe (Trustee)
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STRUCTURE, GOVERNANCE & MANAGEMENT
Governing document:
The Kairos Initiative is constituted as a charitable trust registered with the charity commission in 28 March 2019 under charity number 1182681. It is governed by a deed of trust which has not been amended since the charity was formed.
Organisational structure:
The charity trustees are responsible for the general control and management of the charity. At the yearly trustee meetings, the trustees agree the strategy and activities of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. To assist with the smooth running of the charity the trustees set up committees that comprises of a trustee and volunteers.
Recruitment of trustees:
The existing trustees are responsible for recruitment and appointment of new trustees.
Induction and training of trustees:
Trustees are appointed on the basis of their ability to bring to the Management Board a range of skills to assist in the governance and development of the Charity. Before appointment they are guided by the Chair and trustees through a comprehensive induction procedure designed to give them a complete understanding of the objectives and aspirations of the Charity. In addition, Charity Commission literature is given to all Trustees on an on-going basis in order to assist them to understand their legal responsibilities.
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Risk Management:
Reserved policy:
The trustees have assessed the risks the charity is exposed and have established systems and procedure to manage them. The trustees are satisfied that systems are in place to handle the risk identified. The trustees review the risk matrix at their meetings regularly.
The policy of the charity requires that reserves be maintained at a level which ensures that the charity’s core activity could continue during a period of unforeseen difficulties and that a proportion of reserves be maintained in accessible form. The Kairos Initiative does not intentionally carry a surplus of reserved funds as donations or grants are allocated per financial year and are usually must be spent within that financial year.
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OBJECTIVES & ACTIVITIES
The charity carried out many activities during the year in line with the objective, mission and vision of the charity. These activities were beneficial to the community and recipients.
Clothe Almajiri Kids We distributed custom made clothin& shoes and caps to Almajiri Istreet kids) for thelr upcoming eid celebration. Christmas Party We threw a big Christmas party complete with a feast. presents and cake for the children of an orphanage.
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FINANCIAL REVIEW
Funding Source:
Our main source of funds this year has been donations and personal / family contribution. Total incomings for the year amounted to £8899.69, while total expenditure for the year amounted to £8900.43. We used majority of the unrestricted funds to implement our projects.
Investment and Policy:
The charity has no long-term investments. Our cash reserves are held in money market and deposit accounts. The interest earned is considered by the trustees as a gift of the UK banking system.
Covid Pandemic:
During the pandemic we found new ways to reach our beneficiaries and continued to deliver our services. We adapted to the crisis by refocusing and reducing their activities. Donations reduced and we had to rely on family and friends to deliver projects.
Future plans:
We intend to start applying for grants to meet up the huge demand of upcoming projects in our adopted communities. We have to rely less on donations and personal income to fund projects. We want to grow our network of contributors by making strategic partnerships.
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FINANCIAL STATEMENT
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Data for financial year ending 31 March 2020 28 March 2019 Total incomings: £19,565 - Total expenditure: £19,234 31 March 2020
Data for financial year ending 31 March 2020 01 April 2020 Total incomings: £8899.69 - Total expenditure: £8900.43 31 March 2021
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DECLARATION
The trustee declare that they have approved the trustees’ report
Signed on behalf of the charity trustees:
| Signature | |
|---|---|
| Full name | Ije McDougall |
| Position | CEO/FOUNDER |
| Date | 16-DEC-2021 |