| General | Permanent | Total | Total | |||
|---|---|---|---|---|---|---|
| Notes | Funds | Endowment | 2023 | 2022 | ||
| Income &E nditure |
||||||
| Incoming Resources | ||||||
| Investment received |
70,000 | |||||
| Rent receivable | 20,950 | 20,950 | 23,389 | |||
| Investment income |
38,156 | 38,156 | 35,627 | |||
| Interest received | 630 | 630 | 15 | |||
| Total Incoming Resources | 59736 | 59736 | 129031 | |||
| Resources Expended: | ||||||
| Direct Charitable Expenditure |
2 | 59,472 | 59,472 | 48,415 | ||
| Property Running Costs |
10,229 | 10,229 | 4,019 | |||
| Management and Administration |
775 | 775 | 785 | |||
| Total Resources Expended | 70476 | 70,476 | 53219 | |||
| Net (outgoing) / incoming Resources For |
the Year | (10,740) | (10,470) | 75,812 | ||
| Other Recognised Gains: | ||||||
| Unrealised (Losses) / Gains on Investment |
Assets | 10862 | 39607 | 50469 | 101949 | |
| Net Movement in Funds |
(21,602) | (39,607) | (61,209) | 177,761 | ||
| Fund Balances Brought Forward | 545 736 | 1,080961 | 1626,697 | 1,448,936 | ||
| Fund Balance Carried Forward | 524,134 | 1 041,354 | 1565 758 | 1,626,697 |
| ALANCE SHEET AS AT31STMARCH | 2023 | |||||
|---|---|---|---|---|---|---|
| Notes | 2023 | 2022 | ||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 4b | 182,688 | 182,688 | |||
| Investments | 4a8'c 5 | 1,328,149 | 1,308,618 | |||
| 1,510,837 | 1,491,306 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 600 | 600 | ||||
| Cash at Banks | 55311 | 135991 | ||||
| 55,911 | 136 591 | |||||
| CURRENT LIABILITIES | ||||||
| Sundry Creditors | 1,260 | 1 200 | ||||
| Net Current Assets | 54,651 | 135,391 | ||||
| TOTAL ASSETSLESSLIABILITIES | 1 | 565 488 | 1,626697 | |||
| Represented by: |
||||||
| General Funds | 524,134 | 545,736 | ||||
| Permanent Endowment |
1 041 354 | 1 080 961 | ||||
| 1 565 488 | 1626697 |
| Purpose | Number ofGrants | Number ofGrants | Total | Disbursed |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Relief in Need | ||||
| (Individuals) | 40 | 37 | 18,610 | 10,255 |
| (Institutions) | 2 | 1 | 1,883 | 750 |
| Relief in Sickness | ||||
| (Individuals) | 2,395 | |||
| (Institutions) | 14,836 | 13,925 | ||
| Promotion ofEducation | ||||
| (Individuals) | 11 | 7,993 | 7,402 | |
| (Institutions) | 5 | 16,150 | 13688 | |
| 63 | 57 | K59472 | K48 415 |
| 3. | GOVERNANCE COSTS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Mana ement 4 Administration |
||||
| Office Costs | 17$ | 185 | ||
| Audit Fees | 600 | 600 | ||
| f775 | f785 | |||
| 4. | FIXEDASSETINVESTMENTS | |||
| (a). | 2023 | 2022 | ||
| Market value at I"April | 1,308,618 | 1,186,669 | ||
| Purchase | 70,000 | 20,000 | ||
| Net Unrealised (loss) / gains on Investments |
50469 | 101949 | ||
| Market value at31"March | K1,328,149 | KI,308,618 | ||
| (b).Freehold Land &Buildings | f182,688 | f182,688 | ||
| 5. | INVESTMENT PORTFOLIO | (at Market Value) | ||
| 2023 | 2022 | |||
| Permanent Endowment: |
||||
| COIF Charities Investment | Fund Income Units | 975,508 | 1,015,115 | |
| General Fund: | ||||
| COIF Charities Investment | Fund Income Units | 352,641 | 293,503 | |
| Total Investments | 81328,149 | 61308618 |
| 6. | DEBTORS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Rent deposit fund | 600 | 600 | ||
| f609 | E600 | |||
| 7. | CREDITORS | |||
| 2023 | 2022 | |||
| Audit fees | 600 | 600 | ||
| Rent deposit received | 600 | 600 | ||
| Property Management |
Fee Accrued | 60 | ||
| K1,260 | K1,200 |