## PURSUE Report and Accounts Year ended 31 March 2024 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## **PURSUE** ## **LEGAL & ADMINISTRATIVE DETAILS** ## **FOR THE YEAR ENDED 31 MARCH 2024** ADDRESS FOR CORRESPONDENCE Kent Cottage Mill Lane Stratford Sub Castle Salisbury SP1 3LJ GOVERNING DOCUMENT CIO Foundation Constitution dated 14 May 2020 CHARITY REGISTRATION NUMBER 1189518 TRUSTEES RESPONSIBLE FOR Antony Isaac MANAGING THE CHARITY Richard Bell Rt Rev Timothy Wambunya Anne Wardroper Peter Coggan-Lennox Paul Southgate Philip Hawkins (appointed 27 June 2024) INDEPENDENT EXAMINER Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB ## **INDEX** Page 1 Legal & Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Page 8 Notes to the Accounts Page 1 ## **PURSUE** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2024** The Trustees have pleasure in submitting the first Report and Accounts for the year ended 31 March 2024. ## **Objects of the charity** The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are: The objects of the CIO, which are carried out within a Christian ethos, are the advancement of education, and the relief of those in need by reason of disadvantage, such as youth, age, ill-health, disability, financial hardship or other disadvantage as the trustees determine from time to time, anywhere in the world, in particular through the provision of grants, services, guidance and support for community and education development projects. ## **Summary of the charity's main activities and achievements** Pursue UK has continued to support Pursue Kenya over the past year. We are grateful to be part of the on going transformation of lives. Below is a highlight of key achievements and the transformative impact of Pursue UK's support Some key achievements from the last year include: ## **Community Development** Jiggers Programme: Pursue continued its successful jiggers programme, treating numerous individuals and educating communities on prevention. The programme has not only healed physical ailments but also addressed the social stigma associated with jiggers, fostering greater community inclusion. During the year the programme treated 507 individuals for jiggers, significantly improving their quality of life. Widows' Support: Pursue has continued to empower widows through various initiatives. The provision of garden towers has enabled widows to grow and sell vegetables, ensuring a sustainable income source and improved nutrition. The impact was evident in the increased income levels reported by widows participating in the programme. Adult Literacy: Recognising the importance of education, Pursue has continued its adult literacy programme, empowering individuals to gain essential literacy and numeracy skills. This programme has not only improved individual lives but also created opportunities for participants to contribute to their communities. The programme had 45 graduates during the year, demonstrating a strong commitment to lifelong learning within the community. ## **Education** School Development Programme: Pursue has maintained its commitment to improving education in rural Kenya through its School Development Programme. The programme has provided training and mentorship to teachers and school leaders in partner schools, resulting in improved teaching quality and student engagement. The programme reached 45 schools and 118 teachers, contributing to a noticeable improvement in student performance. Page 2 Model School Partnerships: Pursue's model school partnerships have provided valuable opportunities for teachers and school leaders to observe and learn best practices in education. The success of these partnerships is evident in the positive feedback received from participants. Over the year, the programme facilitated exchange visits and workshops, fostering collaboration and knowledge sharing between schools. ## **Looking Ahead** Pursue Kenya remains dedicated to its mission of transforming communities and schools in rural Kenya. The organisation will continue to prioritise its core programmes while exploring new initiatives to address emerging needs. Pursue UK's ongoing support will be crucial in ensuring the sustainability and impact of these efforts. ## **Conclusion** Pursue Kenya has made significant strides in improving the lives of individuals and communities in rural Kenya. The organisation's dedicated staff, volunteers, and trustees have worked tirelessly to deliver impactful programmes in education and community development. Pursue UK's support has been instrumental in enabling these achievements, and continued partnership will be essential in ensuring Pursue Kenya's future success. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. ## **Financial review** During the year Pursue received income of £30,079 (2023: £54,773), and spent £35,630 (2023: £47,639). At the year end the cash held by the charity is £12,781 (2023: £18,332), of which £11,463 (2023: £5,469) is unrestricted and can be used for any charitable purpose. ## **Reserves policy** Pursue is committed to ensuring that it is financially secure and to develop a full range of mitigating systems to support this aim. The trustees have decided to set the reserves level at 10-25% of their annual expenditure. At current budgeting forecast, that is between £3,000 and £7,500 which will provide us with 1.25 to 3 months general operating funds should this be needed. Due to the current situation of Pursue as a new charity, it is felt that we would like to quickly develop our foundations and build a secure reserve that will support the charity to establish itself for a long future of development. ## **Governance** Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees, by a majority vote. ## **Risk statement** The charity is exposed to various risks, be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks. Page 3 ## **Responsibilities of trustees** Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## **Approval** This report was approved by the trustees and signed on their behalf by: ## - Peter Coggan Lennox ……………………………………………………….. Peter Coggan-Lennox (Jan 27, 2025 22:44 GMT) Peter Coggan-Lennox Treasurer Date: Jan 27, 2025 Page 4 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **PURSUE** I report to the trustees on my examination of the accounts of Pursue ('the charity') for the year ended 31 March 2024 on pages 6 to 8 following. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Lisa Darby Lisa Darby (Jan 28, 2025 09:48 GMT) Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB > Date: Jan 28, 2025 Page 5 ## **PURSUE** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31 MARCH 2024** |**Notes**
**_Income receipts_**
Donations
Gift aid receipts
Legacies
Grants
Sales of goods
Bank interest
**_Total receipts_**
**_Payments_**
2
3
**_Total payments_**
Transfers between funds
4
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
A
Net of receipts / (payments) before
Grants
paid
in
relation
to
charitable
activities undertaken by others
Payments
in
relation
to
charitable
activities undertaken directly|**Unrestricted Funds**|**Unrestricted Funds**|**Restricted**
**Funds**
**£**
4,216
916
-
-
-
-
5,132
-
16,723
16,723
(11,592)
46
(11,546)
12,863
1,317|**2024**
**£**
19,392
6,416
-
3,500
684
87
30,079
1,662
33,968
35,630
(5,551)
-
(5,551)
18,332
12,781|**2023**
**£**
22,552
-
10,000
20,680
1,370
171
54,773
1,762
45,877
47,639
7,134
-
7,134
11,198
18,332| |---|---|---|---|---|---| |||**General**
**Funds**
**£**
15,176
5,501
-
3,500
684
87
24,948
1,662
17,245
18,907
6,040
(46)
5,994
5,469
11,463|||| Differences of £1 may appear in these figures due to rounding. The notes on page 8 - form part of these accounts. Page 6 ## **PURSUE** ## **STATEMENT OF ASSETS AND LIABILITIES** ## **AS AT 31 MARCH 2024** |**Notes**
**A Cash funds**
Cash at bank with immediate access
**B**
**Other monetary assets**
Gift aid due to charity
**C**
**Liabilities**
**Falling due within one year**
Trade creditors
Fee for Independent Examination||**General**
**funds**
**£**
11,463
**11,463**
3,451
**3,451**
-
1,560
1,560
**Unrestricted Funds**|**Restricted**
**funds**
**£**
1,317
**1,317**
1,487
**1,487**
-
-
-|**2024**
**£**
12,781
**12,781**
4,938
**4,938**
-
1,560
1,560|**2023**
**£**
18,332
**18,332**
5,766
**5,766**
351
780
1,131| |---|---|---|---|---|---| ## **D Guarantees and secured debts** The charity has not given any guarantees and has not provided its assets as security for any liabilities. The accounts were approved by the trustees and signed on their behalf by: ## - Peter Coggan Lennox Peter Coggan-Lennox (Jan 27, 2025 22:44 GMT) -------------------------------------------Peter Coggan-Lennox Treasurer Date: Jan 27, 2025 Differences of £1 may appear in these figures due to rounding. The notes on page 8 form part of these accounts. Page 7 ## **PURSUE** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2024** ## **1 Accounting policies** The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. |**2**
**Payments in relation to charitable activities undertaken directly**
Fundraising
Office costs
Costs of sales
**3**
**Grants paid in relation to charitable activities undertaken by others**
Grants for:
Education and community projects
**4**
**Movement of funds**
**Balance at**
**31 Mar 2023**
**£**
General funds
5,469
**Restricted funds**
Education Training Officer Wages and Expenses
1,299
Education
(454)
Income generation
19
Waterloo Foundation
10,000
William Leech charity
2,000
12,863
**Total funds**
18,332|**Unrestricted Funds**
**General**
**Restricted**
**funds**
**Funds**
**£**
**£**
-
-
1,662
-
-
-
1,662
-
17,245
16,723
17,245
16,723
**Receipts**
**Payments**
**£**
**£**
24,948
(18,907)
-
-
5,132
(4,721)
-
-
-
(10,002)
-
(2,000)
5,132
(16,723)
30,079
(35,630)|**Total**
**2024**
**£**
-
1,662
-
1,662
33,968
33,968
**Transfers**
**£**
(46)
-
44
-
2
-
46
-|**Total**
**2023**
**£**
70
1,232
460
1,762
45,877
45,877
**Balance at**
**31 Mar 2024**
**£**
11,463
1,299
(0)
19
(0)
-
1,317
12,781| |---|---|---|---| Education Training Officer Wages and Expenses: Funding for staffing and expenses for Education officers. Education: funds held specifically for general education projects. Income generation: funding available to support starting new social and community enterprises. Waterloo Foundation: funding to be used to help expand the teacher development project into 4 new schools William Leech charity: funding towards our teacher development to help expand current projects Page 8