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￿$. during which their role
and legal responsibililies are explaine(L aTrl al ￿hICh they are ￿ked to sign a fornial code of practice.
New TNytees are a]bo provided with a handbook containing Kunsaka policies dnd Procedurty th¢
protocols governing the administr3tioD of the Board of Trustee& and the Kunsaka governing document
and financial llccoullts. All TnLSfttS tske part in a skills audit as a part of their induction. Where
appropriate. Kunsaka offers trainiiig orpcer support io build the skills and knowl¥dg¢ of nLwly nxrnit¢d
TrUs￿es. EstablishL4J m¢mbets uf the Board of Tru6tees are offered collective and iDdividual training
Ihroughoui th¢ir kn of offi¢¢.
RELATED PARTIES
Non¢ of our tr￿st¢eS re¢¢iv¢ remun¢r8tiott or othcr b¢ncfii from their work with the churity. ADY
conncLrtion between a truslce with the delivcry of pri)jc¢ts muyr bc dis¢los¢d to th¢ full boulli of trnstees
in the l•um¢ way ￿ any oth¢T LI￿￿￿LIUdl wlatiooship with a rela￿d pw.
RESERVES Ai¥D IIIVESTMEIITS
Kunsak8 has a ReseThes Policy which is reviewed every yeaT by the Trustees. Kunsaka'% Reserves
Policy 1$ lo ensure th81 the charity holds $uifiLicnL fr¢¢ T(scrvcs (cxcludiftg tsngibl¢ fixcd ￿ts￿l5
other d¢si¥n#t¢d funds bul including lnv¢sm)e￿ts) w address the significant risks faced by the
Organis￿]0￿. 115 beneficiaries and it5 Staff. The target for Utwestricted reserve5 15 therefore calculated
througb a deiailed assessment of the costs of the likelthood of the SPL￿[)C Tisks containcd in th¢
Kunsak4's Risk Rcgisl¢r.
B88ed on the risk profile and the Risk Re￿ster as at 31st Mareh 2024 the free r￿¢ target was
maintained at £2,500, and the actual frtt reserves &$ 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.