KIVUKONI EDUCATIONAL TRUST STATEMENT & REPORT 20W2025 Established 2021, registered with the UK Charity Commission No. 1194066 Reglstered Trust Address: Clouds, Rock, Wadebridge PL27 6LD The Klvukonl Educatlonal Trust Board -Lady Caroline Cameron of Dillington, TrustAdministratorat the UK address, -R8gin8 Andersen, Lavryer based near Copenhagen, Denmark -Munyutu Waigi, Business Consultant based near Mombasa. Kenya. Tru8teeshlp: Aclose, working knowledge of the school and its ethos of inclusion, diversityand environmental awaren888 18 a fundamental requirement for8nycandid8te for KETTrusteeship. As also are relevant workingand life experience to ensure B08rd decisions are properly considered and d8livered in compliance with UK CharltyCommls8ion guidance. the Charities Acts and KETTwst Deed with regard to Selecting suitable accounting policies and applyingthem conslstently: Making decisions and policies that are r8asonable and prudent" Pr8P8ring Financialstatements on Ihe basis of going Concern. disclosing at anytime the financial po8ltion ofthe Charity. Safegu8rding the assets ofthe Charity and taking re8sonable steps forthe prevention & detection of fraud or other irregularities. Tru81 M8etlng8 8re held regularly onLine, with information communicated digit8llyand documents signed electronlcally vla Docuslgn for securityand to prowde a date-stamped audittraiL The Trust18 8lso kept infomied of the school's ongolng development by It8 Director 8nd Princip8lwlth at least two joint meetings a year. and bya small group of intere8ted 8chool-connected'Ambassadors'. But all deci8lon8 regardingthe 8W8rd ofTrust funds for student grants or project funding are made bythe Trust Board alon8 and in compliance with UK Charity Commission requirements. Maln Tru81 Actlvlty 2024-2025 Continued buildingof Trust funds wa direct appealfordonations; Substantial rework of K￿website and short film of schoo￿rust activltSes; Allocation of Bursary Grants for disadvantaged children at Kivukoni School; First steps in th8 creation of a legal Kenyan not-for-profit entityto hold 8 bank account fordonations in localcurrency IKES> generated by school & localfund- r8ising activities. This to allow smaller local donors to participate in Kivukonl School's community educational work. K￿TruStee8 to be appointed Directors of KET CLG, with the Companyobjectives identicaltothat of the UKTrust. AGM 1110312025 Presentation and adoption of Draft Accounts 2024-2025 and R8-appointment of Caroline Cameron & Regin8 Andersen as KETTrustees TRUSTEE SUMMARY FINANCIAL REPORT for period 6" April 2024- 5th April 2025 Approved in full Trustee Board AGM 1110312025 Bank Balance blf É 13,616.93 Donationstothe charityoverthe period £ 59,696.65 TOTAL FUNDS HELD £ 73.313.58 (before bank Interest) Bank Interest 155.19 TOTAL COSTS over period BALANCE REMAINING £ 72,134.14 BURSARY AWARDS BALANCE REMAINING YEAR END: £ 45.658.34 Note: Trustees work pro bono: Trust Policyto retaln a cashflow minimum balanc8 of £10.000 afterexpirallon of all current grant award commitments HMRC GiftAid reclaim including2024-2025willtak8 place in December2025 Signed ....................... Date **DATE TYPE** 4/9/2024 FP 4/9/2024 FP 4/10/2024 FP GiftAid 4/15/2024 FP GiftAid 5/7/2024 FP GiftAid 5/9/2024 FP 6/10/2024 FP 7/9/2024 FP 8/9/2024 FP 9/9/2024 FP 9/24/2024 FP GiftAid 10/8/2024 FP 10/9/2024 FP 12/27/2024 FRN 11/11/2024 FP 12/5/2024 FP 12/9/2024 FP 1/9/2025 FP 1/17/2025 FP 1/21/2025 FP 2/10/2025 FP 3/10/2025 FP 5/1/2024 INT 6/1/2024 INT 7/1/2024 INT 8/1/2024 INT 9/1/2024 INT 10/1/2024 INT 11/1/2024 INT 12/1/2024 INT 1/1/2025 INT 2/1/2025 INT 3/1/2025 INT 4/1/2025 INT 6/18/2024 FRN 9/26/2024 FRN 10/23/2024 FRN 4/15/2024 CHG 5/15/2024 CHG 6/17/2024 CHG 6/18/2024 CHG 7/2/2024 CHG 7/15/2024 CHG 8/15/2024 CHG 9/16/2024 CHG 9/26/2024 CHG 10/15/2024 CHG 10/23/2024 CHG 11/15/2024 CHG 12/16/2024 CHG 1/15/2025 CHG 2/6/2025 CHG 2/17/2025 CHG 3/17/2025 CHG 3/25/2025 CHG 7/2/2024 FRN 2/6/2025 FRN 3/25/2025 FRN ***Ce** 5/22/2023 FP 3/22/2024 FP 4/2/2024 FP 4/10/2024 FP 4/15/2024 FP 5/7/2024 FP 9/24/2024 FP |**KET BANK & FINANCIAL STATEMENT 2024/2025**|**Year End April**| |---|---| |**Name**|**Amount**| |**DONATIONS RECEIVED Year end 5th April 2025**|| |PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
Comland Ltd STRIPE PE-3G9TOPKS0QVURMUUZNSYXHPN3GPX
19,619.60
Caroline Cameron Test STRIPE PE-CM4ZI9AMRRTSOXYIGVKV0EVXMPHM
9.65
Scilla Phillips STRIPE PE-LNAFJ9MWBI09ZRGMKWFGKGV912CF
492.30
Caroline Cameron Test STRIPE PE-6N9IDHD0LPMAVWY8WWNXYRWSFJHI
9.68
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
CAMERON C A Don KET KRA&legals
465.00
Lucy Bateman STRIPE PE-ZPKJ3IKDCV7LISFUY0VF3O8HX9WU
4.72
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
31,253.22
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
Dan Damberger STRIPE PE-RGPHRPMLWDLC8A6HC6DYHBR7MYAM
271.68
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200.00
Sue Shenkman STRIPE PE-W9OKK59Y0O51NJD548TWRZ55ZUPV
970.80
Alexia Inge ALEXIA INGE ALEXIA INGE
4,200.00
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200
PAT RIPLEY CHARITA PAT RIPLEY TRUST PAT RIPLEY CHARITA
200
**TOTAL DONATIONS RECEIVED 59,696.65**
PIRZIO BIROLI FEDERICO 40,000.00 USD Exchange Rat 1.27986|200.00
19,619.60
9.65
492.30
9.68
200.00
200.00
200.00
200.00
200.00
465.00
4.72
200.00
31,253.22
200.00
271.68
200.00
200.00
970.80
4,200.00
200
200| |**Bank Interest**|| |Gross Interest from 01/04/2024 to 30/04/2024
11.64
Gross Interest from 01/05/2024 to 31/05/2024
14.45
Gross Interest from 01/06/2024 to 30/06/2024
13.93
Gross Interest from 01/07/2024 to 31/07/2024
8.26
Gross Interest from 01/08/2024 to 31/08/2024
8.15
Gross Interest from 01/09/2024 to 30/09/2024
7.98
Gross Interest from 01/10/2024 to 31/10/2024
8.24
Gross Interest from 01/11/2024 to 30/11/2024
7.9
Gross Interest from 01/12/2024 to 31/12/2024
11.78
Gross Interest from 01/01/2025 to 31/01/2025
22.59
Gross Interest from 01/02/2025 to 28/02/2025
19.51
Gross Interest from 01/03/2025 to 31/03/2025
20.76
**TOTAL BANK INTEREST REC'D**
**155.19**|11.64
14.45
13.93
8.26
8.15
7.98
8.24
7.9
11.78
22.59
19.51
20.76| |**TOTAL INCOME 2024-2025 (Donatons+ Bank Interest)**|**59,851.84**| ||| |**OUTGOINGS: Costs & Bursary Sponsorship payments**|| |CSA ADVOCATES LLP-CLIENT 116,000.00 KES EXCHANGE RATE 158.90628
-729.99
CSA ADVOCATES LLP-CLIENT 80,000.00 KES EXCHANGE RATE 167.45510
-477.74
PATRIK GIULIANA 580.00 EUR EXCHANGE RATE 1.16817 New website
-496.5
**TOTAL Costs**
**-1704.23**|-729.99
-477.74
-496.5| |**Bank & Foreign Payment charges**|| |Charges 01/03/2024 to 31/03/2024
-0.5|| |Charges 01/04/2024 to 30/04/2024
-1
Charges 01/05/2024 to 31/05/2024
-0.4
Foreign payment charge
-37.5
Foreign payment charge
-33.5
Charges 01/06/2024 to 30/06/2024
-0.2
Charges 01/07/2024 to 31/07/2024
-0.2
Charges 01/08/2024 to 31/08/2024
-0.2
Foreign payment charge
-37.5
Charges 01/09/2024 to 30/09/2024
-0.4
Foreign payment charge
-25
Charges 01/10/2024 to 31/10/2024
-0.4
Charges 01/11/2024 to 30/11/2024
-0.2
Charges 01/12/2024 to 31/12/2024
-0.4
Foreign payment charge
-33.5
Charges 01/01/2025 to 31/01/2025
-0.6
Charges 01/02/2025 to 28/02/2025
-0.2
Foreign payment charge
-33.5
**Total Bank Charges**
**-205.2**|Charges 01/04/2024 to 30/04/2024
-1
Charges 01/05/2024 to 31/05/2024
-0.4
Foreign payment charge
-37.5
Foreign payment charge
-33.5
Charges 01/06/2024 to 30/06/2024
-0.2
Charges 01/07/2024 to 31/07/2024
-0.2
Charges 01/08/2024 to 31/08/2024
-0.2
Foreign payment charge
-37.5
Charges 01/09/2024 to 30/09/2024
-0.4
Foreign payment charge
-25
Charges 01/10/2024 to 31/10/2024
-0.4
Charges 01/11/2024 to 30/11/2024
-0.2
Charges 01/12/2024 to 31/12/2024
-0.4
Foreign payment charge
-33.5
Charges 01/01/2025 to 31/01/2025
-0.6
Charges 01/02/2025 to 28/02/2025
-0.2
Foreign payment charge
-33.5
**Total Bank Charges**
**-205.2**| |---|---| |**TOTAL COSTS before BURSARY AWARDS (Costs, Bank charges)**
**-1909.43**|| ||| |**Bursary Grant Awards**|| |-14,715.00
KIVUKONI LTD
-6,982.00
KIVUKONI LTD
-4,204.00
**elina, Cedella, Rukia, Henri, Faith, Ayman, Brown TOTAL BURSARY AWARDS**
**-25,901.00**
**TOTAL OUTGOINGS 2024-2025 including Bursary Awards -£ 27,810.43**
**2024-2025 OPERATIONAL BALANCE YR END £ 32,041.41**
KIVUKONI LTD (inc £135 recipient bank handling) Grants x7* : Yr5 -Yr11_(Note 1 below)_|-14,715.00
-6,982.00
-4,204.00| |**BANK RECONCILIATION:**
**Opening Balance 06/04/24 £ 13,616.93**
**YEAR END BALANCE 2025(cell e39) £ 45,658.34**|| |**GIFT AID eligible donatons to claim covering years 2023, 2024-2025**|**Received**| |---|---| |Caroline Cameron UK Ltd STRIPE PE-37OPXLW9TKPLU07LLJ7QMTDG5RSQ_2x£10CAC_|19.3| |CAMERON C A KET UK VIA MOBILE - PYMT , FP 21/03/24 10 , 36165826881112000N|350| |Stripe Payments UK Ltd STRIPE PE-7FQQVGNKZZUYLLJVOZAWMOU5VRTD KET Kenya CAC|896.15| |Caroline Cameron Test STRIPE PE-CM4ZI9AMRRTSOXYIGVKV0EVXMPHM|9.65| |**Scilla Phillips**STRIPE PE-LNAFJ9MWBI09ZRGMKWFGKGV912CF|492.3| |Caroline Cameron Test STRIPE PE-6N9IDHD0LPMAVWY8WWNXYRWSFJHI|9.68| |KET UK , Don KET KRA&legals, VIA MOBILE - PYMT , FP 24/09/24 10 , 08111926831417000N|465| * Note: Date & amount of donation is gross sum including STRIPE processing fee: see TAB3 on full Year Financials (HMRC guidance) ## **l 5th 2025** ||**Balance**|**Sortcode Acc No**|**Sortcode Acc No**| |---|---|---|---| ||**13,616.93**|**_Opening Balance_**|| ||13,816.93|165810|21680698| ||33,436.53|165810|21680698| ||33,446.18|165810|21680698| ||33,937.98|165810|21680698| ||33,959.30|165810|21680698| ||34,159.30|165810|21680698| ||34,372.75|165810|21680698| ||19,070.29|165810|21680698| ||19,278.35|165810|21680698| ||19,486.30|165810|21680698| ||19,951.10|165810|21680698| ||19,448.56|165810|21680698| ||19,648.56|165810|21680698| ||51,067.10|165810|21680698| ||19,334.90|165810|21680698| ||19,614.08|165810|21680698| ||19,814.08|165810|21680698| ||51,278.88|165810|21680698| ||52,249.28|165810|21680698| ||56,449.28|165810|21680698| ||49,656.37|165810|21680698| ||49,875.28|165810|21680698| ||33,949.62|165810|21680698| ||34,172.75|165810|21680698| ||33,618.79|165810|21680698| ||19,078.35|165810|21680698| ||19,286.30|165810|21680698| ||19,443.84|165810|21680698| ||19,134.90|165810|21680698| ||19,342.40|165810|21680698| ||51,078.88|165810|21680698| ||56,471.87|165810|21680698| ||49,675.28|165810|21680698| ||**45,658.34**|165810|21680698| ||**_End of yr bal_**||| ||33,642.36|165810|21680698| ||19,473.36|165810|21680698| ||19,151.66|165810|21680698| ||33,445.68|165810|21680698| |34,158.30|165810|21680698| |---|---|---| |34,372.35|165810|21680698| |33,604.86|165810|21680698| |18,870.29|165810|21680698| |19,070.09|165810|21680698| |19,278.15|165810|21680698| |19,486.10|165810|21680698| |19,435.86|165810|21680698| |19,648.16|165810|21680698| |19,126.66|165810|21680698| |19,334.50|165810|21680698| |19,813.88|165810|21680698| |51,278.48|165810|21680698| |49,456.37|165810|21680698| |49,655.77|165810|21680698| |49,875.08|165810|21680698| |45,637.58|165810|21680698| |18,903.79||165810|21680698| |---|---|---|---| |49,489.87||165810|21680698| |45,671.08||165810|21680698| ||**||| c/f |**Note HMRC***|**25%**| |---|---| |20|| |350|| |910|2023-2024| |10|_4/4/2024_| |500|2024-2025| |10|| |465|| |2265|| |**£ 566.25Rebate Appl in process**|| |**KIVUKONI EDUCATIONAL TRUST**
**BANK RECONCILIATION**
**OPENING BALANCE**
Donatons to the charity over the period
Bank Interest
**Less Costs**
Legal Fees
Charity Website & Film
Bank Charges
KET BURSARY AWARDS
**CLOSING BALANCE**|**2024-2025**
13,616.93
59,696.65
155.19| |---|---| ||**73,468.77**
-477.74
-729.99
-496.5
-205.20| ||**-1909.43**
**-25901**
**45,658.34**| Independent examlnorfs report to the trustees of Kivukonl Educational Trust I report to the trustees on my examination of the accounts of the above Trust k)1 the year ended 5th April 2025 Rosponslbilltie8 and basi8 of report As the charity trustees of the Trust you are responsible for the p￿paration of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Arf). I report in re8pect of my examination of the Tru3Vs 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 th8 Indap8ndont examinerfs ststsmont I have completed my examination. I confimi that no material matters have come to my attention in connection wllh the examination glving me cause to believe Ihat in any matsrfal respect: 1. accounting record3 were not kept in respect of the Trust 88 required by section 130 of the Act; or 2. the accounts do not accord those records. I have no concerns and have come across no other matters In connection with the examination to which attents.on Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: Timothy P thybridge Address.. Trewston Cottage, Trebetherick, Wadebridge. Comwall PL27 6SG Date: 29th January 2028