FUNZI AND BODO TRUST (CIO) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
CHARITY NUMBER 1189159
FUNZI AND BODO TRUST (CIO)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 YEAR ENDED 31 DECEMBER 2021
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2021.
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.
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 served during the year 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 YEAR ENDED 31 DECEMBER 2021
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 coronavirus pandemic continued to hamper our operation. It prevented trustees from making visits to Kenya to progress planned projects and it had direct impacts upon our fundraising abilities too. While trustees were able to visit Kenya in October 2021 after a long absence, further travel restrictions prevented a planned second visit intended to kick start new projects. Meanwhile, at home, holding fundraising events remained impossible either because of tight restrictions on gatherings or people’s fear of gatherings making face to face fundraising not viable. This increased the charity’s dependence on collecting second hand clothing to generate funds. Even this was difficult as people had emptied their cupboards during lockdown and had not been buying clothes at the same speed - with people delaying a return to work and buying clothes for holidays remained depressed. However, this remains the single most successful way of generating funds albeit it is very labour intensive. Despite everything which stood in our way, charity funds remained healthy and during this financial year the charity also inherited a half share in a property, albeit this remains unsold at present. Looking ahead the charity needs to also increase the number of regular monthly donors to maintain a stable base of income.
Health
The Funzi and Bodo Trust maintained all its commitments to healthcare in both villages with both clinics continuing to operate 7 days a week, to provide 24-hour maternity services, treatment for children with disabilities twice a week, laboratory services, and to be a base for hospital partnership projects like growth and monitoring. Supplies of medicines were maintained at a high level and a number of hospital operations were funded as well as providing long term care for a number of longstanding patients.
Education
The charity has continued to maintain and upgrade the schools it built and to add to the school libraries, to fund new computers for the resource centre and has responded to requests from the schools for teaching aids like exam papers and for an additional teaching assistant. Pupil performance in national exams has significantly improved in Bodo. The trust has also continued to fund a number of young people through college, university and other education courses. A review of outcomes for those who had been supported by the charity to attend further education suggested a good level of achievement and return on individual investment.
Continued
Page 3
FUNZI AND BODO TRUST (CIO)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Review of Activities (Continued)
Development
The charity continued to respond positively to requests for micro finance funding of women's group businesses. Particular success came from the establishment of a new village shop and from the seaweed farming project. Not all succeeded but this is natural among all business types, and they will infirm our future funding decisions. We continued our chicken farming project with high hopes that we would start to make profits alongside the training and work opportunities it was already providing. However, a flood of cheap imports - which wasn't controlled by the government - saw many farms closing. Feed prices also started to escalate at an alarming rate and this meant more farms closed. We have continued and still have a contract with a major hotel. We have also used our eggs to feed hungry and malnourished children at both schools - this was always a primary aim alongside education. However in 2022 we will review our operation and re-shape our farming project to something much broader and with wider benefits to the community.
Summary
As a charity we have remained strong in difficult circumstances and on several fronts. The circumstances we have faced have been beyond our control and have been largely global in nature. However, we have successfully managed the charity at distance using technology to engage with our local team on the ground, we have maintained and built our income and we have plans for the year ahead, including increasing the number of toilets in the outer area of Bodo and the start of a new farm education project which should also eventually help families to become more self-sufficient. We remain optimistic about our future as a charity and our ability to continue to serve those we are helping in Funzi and Bodo.
Financial Review
The financial statements for the year shows income £114,253 compared to £104,705 in 2020. Total expenditure amounted to £97,823 which, after adjusting for exchange rate variances, still left reserves to carry forward to future years of £103,277.
PLANS FOR FUTURE PERIODS
The priority of Funzi and Bodo Trust is to continue to provide the facilities described above.
Contact Address Signed by order of the trustees Flat 2 Cranbourne St Andrews Avenue Morley Leeds ASHLEY PEATFIELD LS27 OJU
27 June 2022
Page 4
FUNZI AND BODO TRUST (CIO)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUNZI AND BODO TRUST (CIO)
FOR THE YEAR ENDED 31 DECEMBER 2021
I report on the Receipts and Payments Account and Statement of Assets of the charity for the year ended 31 December 2021.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act, as amended);
· to follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act, as amended); and
· to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
· proper accounting records are kept (in accordance with section 130 of the Act ); and
· accounts are prepared which agree with the accounting records, comply with the accounting requirements of the Act: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M Brooks ATT Independent examiner
40 Moss Green Lane Brayton Selby YO8 9EN
27 June 2022
Page 5
Funzi & Bodo Trust (CIO)
Receipts & Payments Account for the year ended 31 December 2021
| Notes Receipts Clothing Donations Standing Order donations Other donations Grants Gift Aid Just Giving Xmas Carvings Fundraising Micro Finance Rep'ts Egg Sales Clinic Funds Kenyan Savings Account Interest Kenyan Bank 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 Flight and travel costs House Other Medical/Hospital Chicken Farm (Capital) Chicken Farm Transfer Carvings for Xmas 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 Insurance Kenyan Withholding Tax Theft of Cash Net receipts / (payments) Transfer between funds Exchange Rate Variance Balance brought forward Balance carried forward Statement of Assets at the end of the year UK bank account KS bank KS bank management KS savings account KS cash KS bank Egg |
Unrestricted Restricted Total Previous year |
|---|---|
| 41,378 - 41,378 34,819 - 34,819 32,349 13,988 - 13,988 12,870 10,000 - 10,000 - - - 16,249 5,894 - 5,894 2,494 411 - 411 2,000 - 2,000 37,707 296 - 296 132 - - - 4,009 - 4,009 2,293 1,455 - 1,455 611 3 - 3 |
|
| 114,253 - 114,253 104,705 |
|
| 22,998 - 22,998 14,885 776 - 776 604 1,197 - 1,197 314 2,316 - 2,316 4,122 3,530 - 3,530 3,133 4,557 - 4,557 3,309 4,053 - 4,053 217 106 - 106 91 80 - 80 86 352 - 352 264 5,919 - 5,919 3,665 9,531 - 9,531 3,680 3,519 - 3,519 1,498 2,509 - 2,509 1,804 - 1,804 6,547 - 6,547 4,112 3,114 - 3,114 2,120 15,818 - 15,818 12,803 479 - 479 463 - 463 359 216 - 216 126 1,231 - 1,231 487 564 - 564 284 3,056 - 3,056 502 1,419 - 1,419 812 173 - 173 142 688 - 688 45 342 - 342 956 38 - 38 477 427 - 427 1 - 1 - - - 1,313 |
|
| 97,823 - 97,823 60,406 |
|
| 16,430 - 16,430 44,299 1,402 1,402 - 2,383 - 133 - 2,516 - 337 87,828 1,535 89,363 44,727 |
|
| 103,277 - 103,277 89,363 |
|
| Unrestricted Funds 62,774 8,381 862 27,360 1,043 2,857 103,277 |