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2020-12-31-accounts

FUNZI AND BODO TRUST (CIO) UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020

CHARITY NUMBER 1189159

FUNZI AND BODO TRUST (CIO)

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2020

CONTENTS Page
Report of the Trustees 1 - 3
Independent Examiner's Report 4
Receipts and Payments Account 5
Statement of Assets and Liabilities 5

Page 1

FUNZI AND BODO TRUST (CIO)

TRUSTEES ANNUAL REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2020

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the period ended 31 December 2020.

The Funzi and Bodo Trust was originally established under its original constitution dated 30 January 2007 (as amended on the 8 July 2007), with the same objectives as the new CIO. The Funzi and Bodo CIO was established under its constitution on 22 April 2020 and immediately took over all of the assets and liabilities of the original trust. The original trust has been linked to the new CIO by the Charity Commission, and the new CIO has taken over all of the activities of the original trust. The financial statements attached include all of the funds brought forward from the old trust at the close of the original trust's accounts on 21 April 2020.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Funzi and Bozo Trust (CIO) Linked charity name Funzi and Bozo Trust Charity registration number 1189159 Linked charity registration number 1120194

THE TRUSTEES

The trustees who were all appointed on 27 July 2020 and who served during the period were as follows:

Mr Ashley Peatfield Mrs Janet Clark Mrs Jennifer Ruth Turner, JP Mr Edward Knight Mrs Sara Peatfield Mr Steven Smith Mr Richard Cook Mr Phil Dean Mr Benjamin Cutts

Bankers Bank of Scotland PO Box 1000 BX2 1LB

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The organisation is managed by the Trustees in accordance with the constitution dated 22 April 2020.

Appointment of Trustees

The trustees named above have served throughout the period. Appointment of trustees is governed by the Constitution.

Page 2

FUNZI AND BODO TRUST (CIO)

TRUSTEES ANNUAL REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2020

OBJECTIVES AND ACTIVITIES

The Charity's objectives are to promote and protect the physical and mental health of those living in Funzi and Bodo and the surrounding areas in Kenya through the provision of financial assistance, education and practical advice. To develop the capacity and skills of the socially and economically disadvantaged communities of Funzi and Bodo and the surrounding areas in Kenya in such a way as they are better able to identify and help meet their needs and to participate more fully in society. To improve the education and training of the residents of Funzi and Bodo and the surrounding areas in Kenya in order to improve their conditions of life. Relief of poverty in Funzi and Bodo and the surrounding areas in Kenya.

ACHIEVEMENTS AND PERFORMANCE

Review of Activities

The pandemic has made this a challenging year. Many charities have lost income or have been unable to continue because of declining funds.

The Funzi and Bodo Trust CIO faced two major financial challenges. It could no longer hold annual events like the Gildersome scarecrow festival or the Christmas concert. These have provided guaranteed income for many years. At the same time corporate support became less certain with businesses struggling to maintain their own income let alone support charities. Our largest funder announced that after seven years he would be stopping his donations. Despite this the charity has found new ways of generating income. Most notably by devising a new way of collecting second-hand clothes which has provided a regular and stable income. This was very successful during the early lockdowns when charity shops were not open, and people were at home with time to go through cupboards. While this was never going to remain at the levels we first experienced, it has continued to provide a steady source of income. This has allowed us to get our financial reserves back up to a more acceptable level and to prepare ourselves to meet big financial challenges we anticipate in the coming years like replacing the ambulance. We now have a long-term contract with a company for our clothes sales which guarantees us a minimum annual income and greater stability.

Grants were not easy to secure with trusts also under strain. This meant grant income was not a feature of our income during the year and we anticipate this will only happen when the world starts to return to a more normal pattern of existence.

The pandemic has made it impossible for trustees to travel to Kenya and this has made us cautious about embarking on major projects when there can be no direct or face to face oversight. We took the decision early on to focus on sustaining existing work like the recently established sewing workshops which provide girls with free re-usable sanitary pads. This later began producing face masks for school children. When travel becomes possible again, we will look at plans like providing more toilets or building the marketplace.

Continued

Page 3

FUNZI AND BODO TRUST (CIO)

TRUSTEES ANNUAL REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2020

Review of Activities (Continued)

On the education front we have continued to support young people through courses and training. These courses are primarily for young people who have either been unable to get a high school education because of poverty or have achieved good grades at high school but cannot afford University. The charity has had young people on courses ranging from hairdressing to marine engineering at University level. In 2021 the charity will look at the outcomes for the young people and shape its future policy on training and skills working in partnership with its Kenyan managers and partners. The Trust continues to buy books for the school libraries and is starting to look at refurbishing or replacing computers in the charity's school.

The charity has provided interest-free loans to help groups start small businesses. This is aimed at helping people to become self-sufficient. This has ranged from the opening of a shop in Bodo through to farming and fishing projects. During the pandemic some of these groups have found life much harder and have struggled to make repayments. The Trust has offered repayment holidays and is working with them to plan a return to regular payments as the position improves.

The Trust has taken special measures during the pandemic to safeguard the village populations. It provided handwashing facilities around the villages with free soap as most homes do not have running water or places to wash. The Trust also produced face masks and educated the population on covid 19 through our clinics. It also made plans for a large-scale outbreak. Thankfully this has not happened.

So, this has been a year when we have focused on standing firm ad maintaining our existing services against a threatening financial background caused by covid. Against expectations, the Trust has strengthened its financial position allowing it to prepare for a return to normal growth and a planned development of services. We have every reason to feel optimistic although covid has taught us to take nothing for granted.

Financial Review

The newly formed CIO took over the assets of its linked charity - The Funzi and Bodo Trust, Charity number 1120194 - on its formation on 22 April 2020 with funds being transferred over amounting to £44,727. The financial statements for the period from 22 April 2020 to 31 December 2020 showed income £104,705. After the deduction of expenses and adjusting for exchange rate variances, reserves available to carry forward to future periods amounted to £89.363.

Contact Address Signed by order of the trustees Flat 2 Cranbourne St Andrews Avenue Morley Leeds ASHLEY PEATFIELD LS27 OJU

28 July 2021

Page 4

FUNZI AND BODO TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUNZI AND BODO TRUST

FOR THE PERIOD ENDED 31 DECEMBER 2020

I report on the Receipts and Payments Account and Statement of Assets of the charity for the period

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

M Brooks ATT Independent examiner

40 Moss Green Lane

Brayton Selby YO8 9EN

28 July 2021

Page 5

Period end 31 December 2020

Funzi & Bodo Trust (CIO)

Total Receipts & Payments Account

Receipts
Standing Order donations
Other donations
Gift Aid
Just Giving
Fundraising
Micro Finance Rep'ts
Clinic Funds
Kenyan Savings Account Interest
Payments
Wages (incl Tax)
NSSF/NHIF
Fares/Lunches
Funzi/Bodo Village
Funzi/Bodo Clinics
Car
Resource centre
Electricity/Solar Panels
Bank charges
Stationery & PO Box
Funzi/Bodo schools
Care and Cure/Orion
Boat
Other Medical/Hospital
Chicken Project (Capital)
Chicken Farm Transfer
Mobile phone/Internet
Just Giving Charges
Micro Finance Funding
IT Support
Youth Training
Occupational Therapist
Fundraising Costs
Consultancy Fees
Acct'y Fees
Sanitary Pads Project
Theft of Cash
Net receipts / (payments)
Transferred from unincorporated charity
Exchange Rate Variance
Transfer between funds
Balance carried forward
Statement of Assets at the end of the period
UK bank account
KS bank
KS savings account
KS cash
KS bank Egg		 Unrestricted
Restricted
Total
32,349
-
32,349
11,370
1,500
12,870
16,249
-
16,249
2,494
-
2,494
37,707
-
37,707
132
-
132
2,293
-
2,293
611
-
611
103,205
1,500
104,705
14,885
-
14,885
604
-
604
314
-
314
4,122
-
4,122
3,133
-
3,133
3,309
-
3,309
217
-
217
91
-
91
86
-
86
264
-
264
3,665
-
3,665
3,680
-
3,680
1,498
-
1,498
4,112
-
4,112
-
2,120
2,120
12,803
-
12,803
359
-
359
126
-
126
487
-
487
284
-
284
-
502
502
812
-
812
142
-
142
45
-
45
956
-
956
-
477
477
1,313
-
1,313
57,307
3,099
60,406
45,898
(1,599)
44,299
57,735
(13,008)
44,727
(276)
613
337
(15,529)
15,529
-
87,828
1,535
89,363
59,031
8,807
14,975
5,015
1,535
89,363