2024-03-31-accounts

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ANNUAL REPORT And Financial Statement for the Year Ended 31 March 2024

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 ______ 8 FINANCIAL STATEMENT _____ 9 DECLARATION _________ 10

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.

Empowering Future Scientists: Book Donation to Harmony High School

On World Science Day, The Kairos Initiative and the American Space donated science books to Harmony High School, inspiring curiosity and passion for science. This initiative, aligned with their commitment to educational equity, aims to empower young minds to explore and contribute to a brighter, inclusive future.

Supporting Girls’ Health: Menstrual Hygiene Outreach

In celebration of World Women’s Day, The Kairos Initiative, in partnership with the Alwadata Lifeline Initiative, visited God’s Ministry of Reconciliation Orphanage in Bauchi. They discussed menstrual hygiene, growth stages, and reusable pad usage. The visit concluded with donations of reusable pads and essential food items.

Supporting New Mothers: The Kairos Initiative’s Care Outreach

For the International Day of Care and Support, The Kairos Initiative provided essential care to underserved new mothers at Abubakar Tafawa Balewa University Teaching Hospital, Bauchi. This outreach highlights the vital role of caregiving in society and offers needed support to women in vulnerable circumstances.

Food Distribution Outreach: Support for Local Communities

The Kairos Initiative distributed food items to communities at Central Primary School Kafin Madaki LGA, ECWA Church, and on Christmas Day, providing vital support to families in Bauchi State. This outreach reflects a commitment to community well-being and bringing relief to those in need during the holiday season.

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 £7,367.35, while total expenditure for the year amounted to £7,511.59. 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.

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 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

Data for the financial year ending 31 March 2024 01 April 2023 Total incomings: £7,367.35 - Total expenditure: £7,511.59 31 March 2024

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	12-NOV-2024

The Kairos Initiative Financial Statement 2023 - 2024

Month-Year	CONTRIBUTION	EXPENDITURE
April/2023	72	20
		44.8
		2
May/2023	50	20.05
	24	50
	24.12	5.49
	50	68.43
	60	40
		50
		50
		50
		50
June/2023	20	10.99
	46	8.2
	20	30
		10.32
July/2023	5	0.2
	20	150
	20	14.99
	5	60
	20	10.99
	15
	25
	29
	41.74
	10
	34
	15
	20
	27
	10
August/2023	20	390
	20	262.34
	20	20.18

	40	20.18
	200	7.33
	310	20.18
	40	20.18
	40	40.36
	40	20.18
	20	40.36
	20	20.18
	500	20.18
	50	20.18
	50	30.27
	30	10.09
	40	10.09
	20	10.09
	20	10.09
	40	10.09
	20	20.18
	100	30.27
		20.18
		10.09
		40.36
		10.09
		25.23
		20.18
		20.18
		10.09
		20.18
		20.18
		20.18
		20.18
		20.18
		21.1
		100.9
		26.76
September/2023	150	232.07
	30	50.45
	30	151.35

		50.45
		2
		2
		1.53
October/2023	30	5.92
	45	10.99
	600
November/2023	20	7.99
	10	15.99
	13.5	24.99
	10	19.99
	20	13.7
	10	30.99
	20	5.93
	10	2
	640	39.98
	29.18	12.95
	130	193.6
	50	15.01
	1320	15.99
	500	19.28
	20	25
	100	9.49
	50	19.99
	29	6.9
	40	50
	40	38.14
		20
		43
		3.9
		3.8
		134.51
		32.9
		18.95
		15
		46.36
		250

		2000
		30
		44.99
		10.99
December/2023	20	1
	25	4.99
	40	100
	20	20.18
	50	50.45
	100	25
	40	5.93
	25	350
	80	7.05
	18	282.52
	45.48	9.9
	20	60.54
	20	60.54
	20	67.2
	20	100
	20	3.9
	20	52.27
	30	14.4
	20	40.36
	10	10.99
	100
	50
	20
	10
January/2024	38.44	8.9
	30	43.39
		24.47
		5.93
		4.62
		10
		20
		10.99
February/2024	15	12.99

	43.39	5.93
	10	41.42
		3.98
March/2024	10	7.99
	5	34.99
	50	5.93
	53.49	9.98
	10	30.27
	29.01	48
Total	7367.35	7511.59

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