**FUNZI AND BODO TRUST (CIO) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
**CHARITY NUMBER 1189159**
**FUNZI AND BODO TRUST (CIO)**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|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 2024**
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
## **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 Mr Edward Knight Mrs Sara Peatfield Mr Steven Smith Mr Phil Dean Mr John Patrick**
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.
## **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.
Page 2
## **FUNZI AND BODO TRUST (CIO)**
## **TRUSTEES ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Review of Activities**
The Funzi and Bodo Trust continues to thrive. Year on year it meets existing challenges, responds to new ones and takes on fresh initiatives. It has become a mature charity with a strong supporter base and a recognised reputation for delivering what it promises to those who back it. Finances will always be a challenge and this may become harder as charitable giving declines nationally against a backdrop of domestic economic hardship. There are also more people chasing the pots of money which do exist. However, for some years the charity has maintained the level of income it receives, and this year has been no exception. As always donations for objects or buildings are easier to find than salaries or medicines which are central to our proposition. The Funzi and Bodo Trust remains in a confident mood and despite it heading towards a twentieth anniversary it retains the passion and determination which drove the early years following its creation.
## **Education & Schools**
The Trust continues to support both the schools it built. This has included boosting the library and computer centres, funding teaching assistants, meeting exam costs and doing maintenance. It has helped the primary schools transition into being junior high schools in line with Government changes to education through additional resources. It has also started a farm at both schools to bring it in line with curriculum changes introduced nationally albeit not funded. The charity has done extensive building restoration including painting the school inside and out. The trust has also repaired and introduced more water capture systems at the school as water becomes an issue in the dry season. The sewing workshops run by the charity continue to supply reusable menstrual pads to girls at both schools, so girls remain in school. The Funzi and Bodo Trust is continuing its higher and further education programme giving bursaries to young people to study at college, polytechnic or University. These young people will have qualifications which enable them to get jobs and begin to beat family poverty.
## **Clinics**
The two clinics continue to be at the heart of the charity. They offer clinics seven days a week and supplies of medicines are better than at Government facilities. As well as meeting immediate needs the clinics continue to support long term patients with conditions like sickle cell disease and cancer. The laboratory enables the Trust to identify illness quickly. The physiotherapy centre is treating children twice a week and this is also the base for occupational health for older people with sessions twice a week. The charity is also continuing to fund operations and some of these have to include support for families to go to the capital city or beyond where specialist services are available. The clinics are also a base for Government backed, mobile clinics measuring baby growth and malnutrition and for partnerships with other health organisations like the Kwale Eye Centre. Baby birthing rooms at both clinics remain a vital service and especially when emergencies occur.
_Continued_
Page 3
## **FUNZI AND BODO TRUST (CIO)**
## **TRUSTEES ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Review of Activities** _(Continued)_
## **Alleviating Poverty**
The charity has continued to offer interest free loans to people either starting or wanting to expand businesses as a way of generating income to families and to create employment. We are veering towards giving more help to those who have small enterprises but who could achieve so much more if they had facilities to create greater capacity. A notable example is the carpenter in Bodo who by being able to purchase a piece of equipment with a loan has won orders for school desks and created three jobs in the village. The Funzi and Bodo Trust is also developing a farm school where people are taught to grow food crops to improve diets and battle malnutrition. At the same time students create income for their families while also providing fresh and cheaper food for other villagers to buy. Early trials are very encouraging, and we will expand this project to reach more people.
## **Conclusion**
There is every reason for optimism for the future - for the health and development of the charity but more importantly for the people it serves. It will continue to provide services but will increasingly focus on projects which help people become self-supporting and have sustainable opportunities for beating poverty which has dogged people in these villages for decades. The charity enjoys the support and enthusiasm for its efforts from the people it helps and is seen as a trusted and honest partner. This has been another good year for The Funzi and Bodo Trust.
## **Financial Review**
The financial statements for the year shows income £134,030 compared to £123,169 in 2023. Total expenditure amounted to £155,734 which, after adjusting for exchange rate variances, still left reserves to carry forward to future years of £109,793.
## **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
15 April 2025
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 2024**
I report on the Receipts and Payments Account and Statement of Assets of the charity for the year ended 31 December 2024.
## **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
15 April 2025
Page 5
## **Funzi & Bodo Trust (CIO)**
## **Receipts & Payments Account**
**for the year ended 31 December 2024**
|_Notes_
**Receipts**
Clothes Donations
Standing Order donations
Other donations
Grants
Gift Aid
Just Giving
Xmas Carvings
Fundraising
Micro Finance Rep'ts
Chicken Project Egg Sales
Farm School Sales
Clinic Funds
Kenyan Savings Account Interest
Kenyan Bank Interest
Computer Classes
**Payments**
Wages (incl Tax)
NSSF/NHIF
Fares/Lunches
Funzi/Bodo Village
Funzi/Bodo Clinics
Funzi/Bodo schools
Resource centre/Office
Medicines
Other Medical/Hospital
Electricity/Solar Panels
Stationery & Postage
Mobile phone/Internet
Boat
Car
Flight and travel costs
House
Farm School Project
Youth Training
Funzo School Lab Project
Therapy Unit
Micro Finance Funding
Bank charges
Acct'y Fees
Carvings for Xmas
Insurance
IT Support
KRA Payments
Sanitary Pads Project
Just Giving Charges
Fundraising Costs
Consultancy Fees
Kenyan Withholding Tax
**Net receipts / (payments)**
Exchange Rate Variance
Balance brought forward
**Balance carried forward**
Statement of Assets and Liabilities
Made up of:
UK bank account
KS bank
KS bank management
KS savings account
KS cash
KS Bank Transfer A/C|Unrestricted
Restricted
Total
Previous year|
|---|---|
||12,933
-
12,933
33,423
21,882
-
21,882
21,748
31,608
9,429
41,037
27,983
800
30,687
31,487
-
6,628
-
6,628
6,708
4,697
-
4,697
3,655
73
-
73
285
3,449
-
3,449
10,453
1,373
-
1,373
949
-
-
-
11,075
142
142
-
5,374
-
5,374
3,742
4,355
-
4,355
3,110
61
-
61
38
539
-
539
-|
||**93,914**
**40,116**
**134,030**
**123,169**|
||21,569
-
21,569
21,225
3,520
-
3,520
1,862
3,229
-
3,229
2,473
5,180
-
5,180
3,292
6,576
-
6,576
4,338
21,764
-
21,764
13,223
1,665
-
1,665
702
9,995
-
9,995
8,704
10,093
-
10,093
4,664
213
-
213
215
276
-
276
722
318
-
318
242
5,195
-
5,195
3,963
3,675
-
3,675
4,064
2,940
-
2,940
2,872
4,032
-
4,032
3,343
-
28,451
28,451
30,178
9,718
-
9,718
5,058
-
1,863
1,863
-
5,530
-
5,530
4,442
4,130
-
4,130
1,286
111
-
111
166
1,153
-
1,153
860
248
-
248
-
400
-
400
427
577
-
577
289
1,048
-
1,048
-
1,564
-
1,564
395
195
-
195
216
497
-
497
1,859
-
-
-
2,113
9
-
9
6|
||**125,420**
**30,314**
**155,734**
**123,199**|
||(31,506)
9,802
(21,704)
(30)
10,266
-
10,266
(9,467)
131,033
-
131,033
140,530|
||**109,793**
**9,802**
**119,595**
**131,033**|
||26,121
7,775
17,276
62,112
560
5,751
119,595|