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2024-12-31-accounts

Kit 4 Kenya – Trustees’ Annual Report

Reporting period: 01 January 2024 to 31 December 2024

1. Reference and Administrative Details

The Old Vicarage Mill Lane Weston-on-the-Green Bicester OX25 3QR

2. Structure, Governance and Management

Kit 4 Kenya is governed by a constitution and operated by a board of trustees. Trustees are appointed through a board resolution and provided with an induction, including their legal responsibilities. The charity is run entirely by volunteers and operates from its principal address in the UK.

3. Objectives and Activities

The charity exists to support underprivileged communities in Kenya through the power of sport, primarily by:

The trustees confirm that they have considered the Charity Commission’s guidance on public benefit in planning the charity’s activities.

4. Achievements and Performance

In the reporting year 2024, Kit 4 Kenya:

5. Financial Review

Total income for the year was £6381 raised from:

Expenditure totaled £5131 covering:

Reserves Policy: The trustees aim to maintain 3 months of operating reserves. At 31 December 2024, the reserves stood at £10,097.78, which meets this target.

Debts: The charity has no outstanding debts.

6. Custodian Trusteeship

Kit 4 Kenya does not hold any funds as a custodian trustee on behalf of others.

7. Declaration

Approved by the trustees and signed on their behalf:

Name: Tom Sweetnam

Signature: Tom Sweetnam

Date: 25.07.2025

Kit4Kenya - Receipts and Payments Account

For the period 01 January 2024 to 31 December 2024

Summary of Receipts and Payments

Summary of Receipts and Payments
Category Amount (£)
Total Income £6381
Total Expenditure £5131
NetMovementin Funds £1250

Opening Bank Balance (01/01/2024): £9957.24

Closing Bank Balance (31/12/2024): £10,097.78

Although the charity had a net surplus of £1,250 during the financial year, the increase in the bank balance appears smaller (£140.54) due to regular transfers to a separate savings account . This account is used to safeguard funds and earn interest , ensuring better longterm financial stability for the charity.

Statement of Assets and Liabilities

Statement of Assets and Liabilites
Asset / Liability Value (£)
Cash at bank £10,097.78