REPORT AND FINKNCIAL STATEMENTS 31" MARCH 2024 Reglstered Charity N•thb¢r: IA9131n
KUNSAKA FINANCIAL STATEMENTS FOR YEAR ENDED 31¥T MARCH 2024 Page Income & ExtKnditUTr Account Note5 to th¢ A¢courtts
KUNSAKA INCOME AND EXPENDITURE ACCOUNT AS AT 31st MARCH 2024 2024 2024 2024 IIYCOME City of London African Health Policy SF.wfRA Trading & Community Total llleome THEME Support of Core costs Poverty supporl ScKaul Health Core Support 4.850 1.199 9262 4.850 1,199 9262 8.817 24.127 8.817 8317 9.989 9.989 15JlO EXPENDITURE Sessional Fces Insurance Volunteer Costs Proj¢d F.quipm¢nt Subscriptions Renl & Roorn Hire Depre¢i&tion A¢¢ounlancy W¢b$il¢ Costs Digital Costs Training Food & Rcfrcshmcnts PPF. Youth Proje sundry Costs OuLings Tcl¢phon¢ Trav¢1 3.667 89 2.997 1.620 650 3.667 89 2.997 .620 650 3,492 119 2.6116 1.705 650 750 950 9Y 571 850 3252 59 750 950 750 750 955 576 750 2,956 109 571 850 3252 59 8,817 19 8.817 19 23 955 828 1207 1.500 853 1243 1500 853 1243 Total Exp¢nditure 8.817 23.053 31,870 21.4Ql Surplus for the Year -7.742 -7,742 -11012 Approved: Chair on behalf of the Management C( Date: 20-Dec-24
KUNSAKA NcTfES TO THE ACCOUNTS FOR THE YEAR ENOED 31° MARCH 2024 ORGANISATIONAL STRucfuRE Kunsakn h&8 a Board of Tnjstees of up to 3 mernbers who meet six times 8 year. TnLStees come from a variery of backgrounds. and reflect the divetsiry of the cominw)ity we work in. The Board of Trnstees is Tcsponsible for sctting Ihc 5trdtcgJc dircctiiyn of Kun5aka and for cnsuring that Kunsaka resources are expended in purwit of it.s charitable objecL8. The Board of Tn delegates responsibility for th¢ day-to-day rnanagetn¢nt of th¢ tharity to Ib¢ Chief Executiv¢ Officff and ih¢ Scnior MaDag¢mcnt iNDUCflON OF NEW TRUSTEES New TnJstec5 havc a formal inductiort with the Chair of the Bo¥d of Tnts$. during which their role and legal responsibililies are explaine(L aTrl al hICh they are ked to sign a fornial code of practice. New TNytees are a]bo provided with a handbook containing Kunsaka policies dnd Procedurty th¢ protocols governing the administr3tioD of the Board of Trustee& and the Kunsaka governing document and financial llccoullts. All TnLSfttS tske part in a skills audit as a part of their induction. Where appropriate. Kunsaka offers trainiiig orpcer support io build the skills and knowl¥dg¢ of nLwly nxrnit¢d TrUses. EstablishL4J m¢mbets uf the Board of Tru6tees are offered collective and iDdividual training Ihroughoui th¢ir kn of offi¢¢. RELATED PARTIES Non¢ of our trst¢eS re¢¢iv¢ remun¢r8tiott or othcr b¢ncfii from their work with the churity. ADY conncLrtion between a truslce with the delivcry of pri)jc¢ts muyr bc dis¢los¢d to th¢ full boulli of trnstees in the l•um¢ way any oth¢T LILIUdl wlatiooship with a relad pw. RESERVES Ai¥D IIIVESTMEIITS Kunsak8 has a ReseThes Policy which is reviewed every yeaT by the Trustees. Kunsaka'% Reserves Policy 1$ lo ensure th81 the charity holds $uifiLicnL fr¢¢ T(scrvcs (cxcludiftg tsngibl¢ fixcd tsl5 other d¢si¥n#t¢d funds bul including lnv¢sm)ets) w address the significant risks faced by the Organis]0. 115 beneficiaries and it5 Staff. The target for Utwestricted reserve5 15 therefore calculated througb a deiailed assessment of the costs of the likelthood of the SPL[)C Tisks containcd in th¢ Kunsak4's Risk Rcgisl¢r. B88ed on the risk profile and the Risk Rester as at 31st Mareh 2024 the free r¢ target was maintained at £2,500, and the actual frtt reserves &$ at 31 March 2024 £362, and thi5 is bclow sli¥hily #lx)v¢ Lh¥ tary¥t. Th¢ Trubt¢¢s will ¢on¢inuc to review the CUTreDi free reserve level against thc targcl and tsking account of anticipatrd risk profd¢ of th¢ organi5ation to ensure that the free reserve level policy ¢vniinues io be Met.