2023-03-31-accounts

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ANNUAL REPORT And Financial Statement for the Year Ended 31 March 2022

The Kairos Initiative

Email: info@thekairosinitiative.org Charity number: 1182681 Address: 19 Dorchester Park, PRENTON, Wirral, Merseyside, CH43 9HD

COMPANY INFORMATION ______ 3 STRUCTURE, GOVERNANCE & MANAGEMENT ___ 4 OBJECTIVES & ACTIVITIES _____ 6 FINANCIAL REVIEW ______ 7 FINANCIAL STATEMENT _____ 8 DECLARATION __________ 9

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.

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.

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.

Renovation of Primary Healthcare Clinic in Bauchi State

The Kairos Initiative partnered with the Kitchen Table Charities Trust in renovating the Primary Health Clinic in Bauchi State, Nigeria. Current statistics reveal a concerning doctor-to-patient ratio of 1:5,000, far from the World Health Organisation's recommended 1:600, which endangers community health and risks worsening key health indicators. This project will provide essential healthcare access for men, women, children, and infants, addressing critical needs. Additionally, it created employment opportunities within the community, enhancing local livelihoods and supporting broader socio-economic development. This partnership aims to make a lasting, positive impact on public health and community resilience

FINANCIAL REVIEW

Funding Source:

Our main source of funds this year has been from a grant (The Kitchen Table charity), donations and personal / family contributions. Total incomings for the year amounted to £7,279.12, while total expenditure for the year amounted to £7,086.27. We used the 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.

Covid Pandemic:

Post 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 grants and family and friends to deliver projects.

Future plans:

We intend to start applying for more grants and collaborate with other charities or organisations 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.

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 the financial year ending 31 March 2021 01 April 2020 Total incomings: £8899.69 - Total expenditure: £8900.43 31 March 2021

Data for the financial year ending 31 March 2022 01 May 2021 Total incomings: £2141.59 - Total expenditure: £2295.82 31 March 2022

Data for the financial year ending 31 March 2023 01 April 2022 Total incomings: £7,279.12 - Total expenditure: £7,086.27 31 March 2023

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	31-OCT-2024

The Kairos Initiative Financial Statement 2022 - 2023

Month-Year	CONTRIBUTION	EXPENDITURE
April/2022	10	150
	10	100
	78	7.99
	25	20
	60	2
	20	2
	108	10
	30	15.22
	89	8.25
	160	160
		10.99
		24.17
		50
May/2022	2500	2000
	400	7.99
	500	2
	200	22.02
	100	32.1
	100	8.8
	74	19.1
	50	35.59
	20	65
	20	20.83
	15	28.98
	20	38.87
	100	160.22
	30	80
		9.13
		700
		24.48
		40
		3.65
		20
		24.99

		11.09
		27.65
		18.98
		28.15
		12.95
		2.25
		48.49
		10
		20.09
		15.12
		24.61
		3.65
		3.65
		24.75
		15.6
		20
		10.99
		7.35
		13.98
		11.67
		27.03
		2
		2
		2.98
		13.13
		18.35
		48.2
		11.52
		15.01
		27.99
June/2022	100	33.24
	50	10.8
	100	11.79
	12	6.9
		20.31
		10
		26.95

		35.12
		7.99
		20.01
		2.5
		3
		2.35
		17.02
		100
		101.07
		29.98
		10.99
		4.44
		6.65
		38.21
		30
		2.8
		120
		3
July/2022	140	26.95
	20	38.46
	60	7.99
	40	11.8
	20	40.52
	5	6.47
		10.95
		36.98
		1.4
		24.99
August/2022	50	2
		1.79
		10.99
September/2022	100	2.49
	20	0.89
	10	100
	50	21.89
		9.65
		15.03

		4.8
		3.97
		10.99
		20
October/2022		30
December/2022	50	4.99
	809	1.79
	191	177.5
	60	200
	50	27.43
	40	40
	25	129
		200
		50.95
		200
January/2023	50	30.58
		2
		2
		10.97
		14.4
		13.77
		20.04
		2.65
		4.05
		39.12
		10.14
		7.89
		3
		14.19
		1
February/2023	40	18.89
	10	36
	32	43.02
	80	17.99
March/2023	20	14.17
	10	100
	25	37.45

	20	35.12
	35.12	4.7
	40	15.27
	50	2
	50	2
	30	2.9
	66	30
		19.58
Total	7279.12	7086.27

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