Kulira Charity No: 1199340 Annual accounts for the period to 31st March 2023
Charity No:
Kulira
Annual accounts for the period to 31st March 2023
| Section A Statement of financial activities |
Section A Statement of financial activities |
Section A Statement of financial activities |
|---|---|---|
| Recommended categories by activity Details of own analysis Note Unrestricted funds £ Incoming resources (Note 3) F01 - S0 8,592 S06 8,592 Resources expended (Notes 4-8) Costs of Generating Funds S07 21 Charitable activities S10 7,660 Governance costs S1 45 S13 7,726 S19 866 S20 300 S2 1,166 Total funds carried forward Total funds brought forward Net movement in funds Total resources expended Total incoming resources Incoming resources from generated funds Costs of generating voluntary income Voluntary income |
31-Mar-23 £ F04 - 8,592 8,592 21 7,660 45 7,726 866 300 1,166 |
31-Mar-22 £ F05 - 300 300 - - - - 300 - 300 |
1199340
Charity No:
Kulira
Annual accounts for the period to 31st March 2023
Section B Balance sheet
| Unrestricted funds 31-Mar-23 £ £ Current assets Cash at bank and in hand 1,166 1,166 Total current assets 1,166 1,166 Net assets 1,166 1,166 Funds of the Charity Unrestricted funds 1,166 1,166 Total funds 1,166 1,166 Signed by one or two trustees on behalf of all the trustees J Koomson A Cubitt Tosin Taylor Signature |
Unrestricted funds £ |
31-Mar-23 £ |
31-Mar-22 £ |
|---|---|---|---|
| 1,166 1,166 1,166 1,166 1,166 |
1,166 1,166 1,166 1,166 1,166 |
- - - 300 300 |
|
| Date of approval |
1199340
Charity No:
Annual accounts for the period to 31st March 2023
Kulira
Section C
Notes to the accounts
Note 1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost under Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005) and with Accounting Standards and with the Charities Act.
Note 2 Accounting policies
2.1 Incoming Resources
Recognition of These are included in the Statement of Financial Activities (SoFA) when the charity incoming resources becomes entitled to the resources. Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
The value of any voluntary help received is not included in the accounts but is Volunteer help described in the trustees’ annual report.
2.2 Expenditure and Liabilities
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Note 3 Analysis of incoming resources
| 31-Mar-23 31-Mar-22 |
||||
|---|---|---|---|---|
| Analysis | £ £ |
|||
| Voluntary income | Donations | 8,035 300 |
||
| Total | 8,035 300 |
|||
| Note 4 | Analysis | of resources expended | ||
| Analysis | 31-Mar-23 31-Mar-22 £ £ |
|||
| Costs of generating | Website Costs | 21 - |
||
| voluntary income | ||||
| Total | 21 - |
|||
| Governance costs | Bank Charges | 45 - |
||
| Total | 45 - |
|||
| School Fees | 31-Mar-23 31-Mar-22 2,145 - |
|||
| Charitable activities | Rental Costs Food Costs |
1,983 - 1,061 - |
||
| Other Costs | 2,471 - |
|||
| Total | 7,660 - |
Independent examiner's report on the accounts
Section A Independent Examiner’s Report Report to the trustees/ members of[Kulira ] On accounts for the year 31[st] March 2023 Charity no 1199340 ended (if any)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023.
Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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 Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect the accounts did comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
||
|---|---|---|
| 17th May 2023 | ||
| M Nitz | ||
| ICAEW | ||
| 75 Bluehouse Lane | ||
| Oxted | ||
| RH8 0AP |
Trustees Annual Report
Section A Independent Examiner’s Report Report to the trustees/ members of[Kulira ] On accounts for the year 31[st] March 2023 Charity no 1199340 ended Trustees Jarah Koomson Tosin Taylor Alexnadra Cubitt
The charity is governed by the CIO Foundation Constitution and considered to be a Trust with the Trustees all appointed by Jarah Koomson.
Summary of the The objects of the CIO are to advance the education, the relief of poverty; objectives of the charity and the promotion of good health of children and young people in Uganda, as set out in its and such other poverty affected countries as the CIO may deem appropriate governing document in future, in particular but not exclusively by providing: (1) teaching in schools, educational resources, outreach teaching programmes in communities; (2) accommodation and multi-use centres to serve as places of education, community support and healthcare; (3) social, well being and sustainable resources; (4) Financial and material assistance by making grants to individuals and organisations to achieve the above.
Education Purpose : Kulira aims to facilitate the educational needs by giving access to resources and materials that enables a consistent avenue of learning for the public benefit of young people in Uganda including their local communities. This includes but is not limited to; providing individuals with grants to pay for school fees and assisting with salary costs of teachers where needed.
Health: Kulira aims to act as a financial conduit between deprived young people in Uganda and medical services by providing financial assistance for urgent care.
Kulira also aims to provide playgrounds for young people in deprived areas in Uganda.
Summary of the main achievements of the charity during the year
During this period, Kulira has organised several fundraising events specifically to support the two orphanages with which we have partnered. The funds raised have been directed towards essential building refurbishments and providing critical supplies for the children, including food, clean water, and healthcare necessities.
In addition to generating much-needed financial support, these fundraising events have also served as effective marketing initiatives, significantly increasing awareness of Kulira's mission. This heightened visibility has resulted in a notable rise in monthly donations and sponsorships, enabling more children from our partnered orphanages to attend school.
We are in regular communication with communities in Uganda, specifically the orphanages we support, the provide regular updates and evidence to ensure the funds are being utilised as intended. Furthermore, the trustees of Kulira hold regular meetings to review and oversee the proper allocation and use of these resources.
Kulira has launched a monthly newsletter to keep sponsors and donors informed about the well-being of the children they sponsor and the progress of ongoing projects; including the library project, which will also serve as a recreational centre for young people with the community. This newsletter serves as a vital communication tool, providing updates on the impact of donations and fostering a strong connection between our supporters and the children benefiting from their generosity.
Charity’s policy on reserves
Kulira aims to maintain reserves at a level equivalent to 3 months of operating expenditure. This level will be reviewed annually to ensure it remains appropriate given the charity’s size, scope, and financial circumstances.
Declaration
The trustees declare that they have approved the trustee’s report above.
Signed in behalf of the charity trustees
J Koomson 17[th] May 2023