| Unrestricted | Designated | Restricted | Total | ||
|---|---|---|---|---|---|
| FundsFundsFunds | Funds | ||||
| Notes | |||||
| Income from: | |||||
| Donations and legacies | 6(a) | 187,176 | 10,418 | 197,594 | |
| Investments | 6(b) | 26,944 | 26,944 | ||
| Other trading activities | 6(c) | 31,274 | 31,274 | ||
| Total income | 218,450 | 26,944 | 10,418 | 255,812 | |
| Expenditure on: | |||||
| Support to students | 7(a) | 58,994 | - | 10,418 | 69,412 |
| Support to schools | 7(b) | 49,837 | - | - | 49,837 |
| Charitable activities | 7(c) | 36,825 | - | - | 36,825 |
| Raising funds | 7(d) | 8,284 | - | - | 8,284 |
| Total expenditure | 153,940 | - | 10,418 | 164,358 | |
| Net gains/(losses) on investments | - | 144,781 | - | 144,781 | |
| Net income/(expenditure) | 64,510 | 171,725 | - | 236,235 | |
| Transfers between funds | 26,944 | (26,944) | - | - | |
| Net movement in funds | 91,454 | 144,781 | - | 236,235 | |
| Reconciliation of funds: | |||||
| Transfer of net assets from Rafiki | |||||
| Thabo Foundation Trust | 51,137 | 996,094 | 1,047,231 | ||
| Total funds carried forward | 142,591 | 1,140,875 | - | 1,283,466 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| at 31 December 2021 | ||||||
| Unrestricted | Designated Restricted | Total | ||||
| FundsFundsFunds | Funds | |||||
| Notes | ||||||
| Fixed assets | ||||||
| Investments | 1,140,875 | 1,140,875 | ||||
| 1,140,875 | 1,140,875 | |||||
| Current assets | ||||||
| Debtors | 10 | 80,692 | 9,022 | 89,714 | ||
| Cash | at Bank | 69,559 | 69,559 | |||
| 150,251 | 9,022 | 159,273 | ||||
| Liabilities | ||||||
| Liabilities falling due | ||||||
| within one year | 12 | 7,660 | 9,022 | 16,682 | ||
| Net current assets | 142,591 | 142,591 | ||||
| 142,5911,140,875 | 1,283,466 | |||||
| Funds | 13 | |||||
| Unrestricted | 142,591 | 142,591 | ||||
| Designated | 1,140,875 | 1,140,875 | ||||
| Restricted | ||||||
| 142,591 | 1,140,875 | 1,283,466 |
| 6) INCOME FROM: | Unrestricted | Designated | Restricted | Total |
|---|---|---|---|---|
| FundsFundsFunds | Funds | |||
| 6(a) Donations and legacies | ||||
| Planned Gift Aided donations | 9,738 | 9,738 | ||
| Unplanned Gift Aided donations | 9,745 | 9,745 | ||
| Income tax recoverable | 5,147 | 5,147 | ||
| CAF | 2,123 | 2,123 | ||
| Cash donations | 160,423 | - | 10,418 | 170,841 |
| 187,176 | • | 10,418 | 197,594 | |
| 6(b) Investments | ||||
| Dividends | - | 26,944 | - | 26,944 |
| 6(c) Other trading activities | ||||
| Fund raising events | 21,329 | 21,329 | ||
| Management fees | 7,200 | 7,200 | ||
| Income tax recoverable | 2,745 | 2,745 | ||
| 31,274 | 31,274 | |||
| Total income | 218,450 | 26,94410,418 | 255,812 | |
| 7) EXPENDITURE ON: | ||||
| 7(a) Support to students | ||||
| Kenya | 35,158 | 9,782 | 44,940 | |
| Uganda | 20,039 | 636 | 20,675 | |
| Lesotho | 3,797 | 3,797 | ||
| 58,994 | 10,418 | 69,412 | ||
| 7(b) Support to Schools | ||||
| Kenya/Lesotho/Uganda | 49,837 | 49,837 | ||
| 7(c) Charitable activities | ||||
| Fund raiser | 23,148 | 23,148 | ||
| Director | 12,570 | 12,570 | ||
| Administration | 567 | 567 | ||
| Examination | 540 | 540 | ||
| 36,825 | 36,825 | |||
| 7(d) Raising funds | ||||
| Fund raising events | 8,284 | 8,284 | ||
| Total expenditure | 153.940 | 10.418 | 164.358 | |
| Governance costs | ||||
| Independent Examiner's fees | 540 |
| Investments | |||
|---|---|---|---|
| Market value at 1April | - 996,094 | -996,094 | |
| Additions at cost | ... | ||
| Revaluation | -144,781^__144,781 | ||
| Market value at 31 December | -1,140,875•1,140,875 | ||
| During the nine months investments have been held for the Designated Funds in the COIF Global Equity Fund | |||
| and the COIF Property Fund. At 31 December 2021 the holdings were | |||
| no of shares value per share | |||
| COIF Global Equity Fund239,183.01285.83 | |||
| COIF Property Fund361,723.60126.40 | |||
| 10)DEBTORS | |||
| Payments in advance | - 69,982 |
- | 69,982 |
| Dividends receivable | 9,022 - |
9,022 | |
| Inter Fund balance | 9,022 | 9,022 | |
| Income tax recoverable | - 1,688 |
- | 1,688 |
| 9,022 80,692 |
- | 89,714 |
| Unrestricted Designated | Unrestricted Designated | Restricted | Total | |
|---|---|---|---|---|
| FundsFunds | Funds | Funds | ||
| 12) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Inter Fund balance | 9,022 | 9,022 | ||
| Creditors for services | 3,900 | 3,900 | ||
| Project costs payable | 2,500 | 2,500 | ||
| Receipts in advance | 1,260 | 1,260 | ||
| 7,660 | 9,022 | 16,682 | ||
| 13) STATEMENT OF FUNDS |
| Fund nameBalance b/fIncome | Fund nameBalance b/fIncome | Fund nameBalance b/fIncome | Expense | Gain/loss | Transfers | Balance c/f |
|---|---|---|---|---|---|---|
| Unrestricted | 51,137 | 218,450 | (153,940) | 26,944 | 142,591 | |
| Designated | 996,094 | 26,944 | 144,781 | (26,944) | 1,140,875 | |
| Restricted | 10,418 | (10,418) | ||||
| Total funds | 1,047,231 | 255,812 | (164,358) | 144,781 | 1,283,466 |
| Restricted Funds are held for the support of specific students with disabilities in Kenya and Uganda. Designated Funds | Restricted Funds are held for the support of specific students with disabilities in Kenya and Uganda. Designated Funds |
|---|---|
| are funds the capital of which must be retained, in accordance with a decision of the Trustees.Income arising from the | |
| investment of the Designated Funds may be used as unrestricted funds. | |
| Unrestricted Designated Restricted | Total |
| FundsFundsFunds | Funds |
| 14) ANALYSIS OF NET ASSETS BY FUND | |
| 1,140,875 - Fixed Assets |
1,140,875 |
| 9,022 ,251 150 Current Assets |
159,273 |
| (9,022) ,660) (7 Current Liabilities |
(16,682) |
| 1,140,875 142,591 Fund balance |
1,283,466 |