2022-08-31-accounts - Kumi Community Foundation

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Signed on behaif Of the charity'a 8ignsturefs) ' '	Signed on behaif Of the charity'a 8ignsturefs) ' '	trvstees .;:,	L,
FuH narneisj	Eispeth	Rob+son
Position (e.g., Secretary, Chair, etc)	Chairperson		&~A.~~~/
Date
	g' i

			KUMt	CUIVIMUNITY fOUNDATtON	CUIVIMUNITY fOUNDATtON	CUIVIMUNITY fOUNDATtON	CUIVIMUNITY fOUNDATtON
			(Registered		charity number		1184935)
			Statement		ot Hnancial		Activities
				year	to	31st August	ZOZZ
2020
		incoming resources				Notes Unrestricted		Restricted
							Funds	income	Funds
							E	E
		Voluntary income:
	15,442.00	Oonations under gift Aid					14,266,70		0.00
	18,026,35	Other donations					32,994.30		0.00
38,951	33,468,35						47,261.00		0.00
	4,118.75	Gift Aid received from HMRC								3 955 24
		lncomi ng Resources from
771	353.00	charitable activities
	21.17	Bank interest Uganda
	0.00	Other incoming resources
45,648	37,961.27	Total incoming resources							0.00
		Resourcesexpended
8,382	34,759.23	Charitable Activities
	432.08	Operational Costs
	573.78	Depreciation								1,193.74
	-108.41	Foreign Exchange Profit								-444.33
8,613	35,656.68	Total resourcesexpended					52,917.07	2,414.19
		Net incoming resources before
	2,304.59	transfers					2,778.09	-2,414.19		363.90
									0.00	0.00
37,035	2,304.59	Net movement in fundsfor	year				2,778.09
0	37,035.30	Reserves brought forward from 2020/2021								39,339.89
37,035	39,339,89	Total fundsto carry forward							0.00	39,703.79

					SalanCe Sheet	ag at 31stAuguSt 2022	ag at 31stAuguSt 2022
					Notes
		Fixed Assets
		2 Motorblkes
0	2,024.31	Carried forward asset value				31/08/2021	2,024.31
		Less:Depreciation	for period				458.33	1,565.98
		Computers
0	1,899,83	Carried forward asset value				31/08/2021	1,899.83
		Less: Depreciation	for period				735.41
0	3,924.14
		Current Assets
		Funds held		in UK
	29,023.02	in Bank					31,911.51
	157.62	in Cash					3.27
32,314	29,180.64
		Funds held		in Uganda
2,966		in Bank					23.87
150		in Cash					1,079.50
	7,050.11							1,103.37
1,605	1,414.16	Debtor		(being	Gift Aid due from HMRCI			3,955.24
	41,569.05							39,703.79
	2,229.16	tess:Current Uabilities						0.00
37,035	39,339.89
		Represented by
32,328	36,925.70	General Reserves
4,707	2,414.19	Restricted	Funds
37,035	39,339.89
		Thenotesonpages4tk5form			part oftheseaccounts
		Approved	by the Trustees on 19th1une 2023 and signed on their behalf by
				8speth	Robinson	Chairperson Lfp.~ kG'~
				Lynne	ivtosher	Treasurer

KUA/II COR/IIVlUNITV FQUNDATICW (Registered charity number118493S I year Eodist August ZUZZ Notes to Accounts
Basis ofAccounting
The accounts have been prepared under the histo rica( cost convention and in accordance with the Statement ofRecommended Practice "Accounting and Reporting by Charities'*(SORP 2005)
The principia accounting policies ofthe charity are setout below.
a}income
Donations areaccounted for on an asreceived basis, The reiated tax credit on donations		received is
accounted for on an accruais basis once the donation has been received.
b) Charitable Activities
This expenditure comprises all expendi tore directly related to the objects ofthe charity included when incurred. These costs are allocated over the main charitable activities as		and is set out in
Note 4below.
cj Unrestricted Funds
The general reserves represent funds that are not subject to any restrictions regarding are available for general purposes	their use and
dj Restricted Funds
The restricted income ofthe charity relates to funds on which the donors have placed a and may only be used forthe purposes specified by the donor. These funds were reduced		restriction to zero in the period.
e) Comparative figures
The charity wasconstituted on 19th August 2019.The comparative figures cover the first period from 19August 2019to31August 2020,
f) Foreign Currency
Ugandan schillings have been converted into Esterling at the rate of4600UGXto E.
Currency differences on transactions converted from Ugandan schihings to UK Pounds
in the year are written off/credited tothe tothe Statement ofFinancial Activities.
gj Depredation
Depreciation oftangible fixed assets is provided an astraight line basis at the following Motor cydes over Syears (2021/2022 Computer Equipment over 3years (2021./2022	rates: for 12months) for 12monthsj
INCOMING RESOURCES FROM FURIDRAISING ACBVITIES
Cake, coffee mornings and craft events
Other incoming resources 2019/2020
This represents the closing funds transferred from the previouslv unregistered charitable working in Uganda. Full responsibility was taken over by Kumi Community Foundation	organisation in Aprii 2020,

2020
		Incoming resources		Notes	Unrestricted	Restricted		Total
					Funds	Income	Funds
					E	E
		Voluntary Income:
	15,442.00	Donations under gift Aid			14,266.70		0.00	14,266.70
	18,026.35	Other donations			32,994.30		0.00	32,994.30
					47,261.00		0.00	47,261.00
	4,118.75	GlftAIdreceivedfromHMRC						3,955.24
		Incoming Resources from
	353.00	charitable activities
	21.17	Bank Interest Uganda
	0.00	Other incoming resovrces			0.00			0.00
45,648	37,961.27	Total incoming resources
		Resovrcesexpended
8,382	34,759.23	Charitable Activities						54,042.32
	432.08	Operational Costs						539.53
	573,78	Depreciation						1,193.74
	-108.41	Foreign Exchange Profit
8,613	35,656,68	Total resources expended			52,917.07	2,414.19		55,331,26
		Net incoming resources before
3'7,035	2,304,59	transfers						363.90
	0.00	Transf'ers			0.00		0.00	0.00
37,035	2,304.59	Net movement in fundsfor year
0	37,035.30	Reserves brought forward	from 2020/2021
37,035	39,339.89	Total funds tocarry fonvard					0.00

				KUMI COO/IMUNITY FOUNDATION IReglstered charity number 1184935)	KUMI COO/IMUNITY FOUNDATION IReglstered charity number 1184935)	KUMI COO/IMUNITY FOUNDATION IReglstered charity number 1184935)	Page 2
				Balance Sheet as at 31stAugust 2022
				Notes
		Fixed Assets
		2 Motorbikes
0	2,024.31	Carried forward asset value			31/08/2021	2,024.31
		Less:Depreciation	for pef lod			458.33
		Computers
0	1.899.83	Carried forwardasset		value	31/08/2021	1.899.83
		Less:Depreciation	for period			735.41	1,164.42
0	3,924.14						2,730.40
		Current Assets
		Funds held		in UK
	29,023.02	in Bank
	157.62	in Cash
							31,914.78
2,966	6,195.63					23.87
150	854.48					1,079.50
	7,050.11
1,605	1,414.16	Debtor		(being Gift Aid due from HMRCI			3,955.24
	41,569.05						39,703.79
	2,229.16	Less:Current l.iabilities
37,035	39,339.89
		Represented by			brune
32,328	36,925.70	General Reserves
4,707	2,414.19	Restricted	Funds				0.00
37,035	39,339.89						39,703./9
		The notes on pages 4	gr	5form part ofthese accounts
		Approved	by the Trustees on 19th		2023 and signed on	their behalf by
				Elspeth Robinson	Chairperson LI&Q~
				Lynne Mosher	Treasurer