REGISTERED CHARITY NUMBER: 284717 REPORT OFTHETRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST (FORMALLY ZAMBIA ANGLICAN COUNCIL CHARITABLE TRUSTI
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Trustees Ito7 Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the Financlal Statement5 Iltols Detailed Statement of Financial Activities 16
THE FRIENDS OF sr FRANCIS KATETE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. They have adopted the provisions of the statement of Recommended practice ISORPI 'Accounting and Reporting by Charities, IFRS 1021 REFERENCE AND AOMINisfRATIVE DAlls Registered Charity Number 284717 Principal address 41 Doulton Gardens Poole Dorset BH14 8RG Trustees MrA Pcairns Mrs F E H Cairns- resigned 22 July 2023 Dr l A Ferguson Mrs E M Hamilton- resignèd 22 July 2023 Dr S Parkinson Mr T P I Cairns- appointed 22 July 2023 Mr M Munkombwe-appointed 22 july 2023 Independent Examiner C Dunn FCCA Newton Magnus Llmited Chartered Certifled Accountants Statutory Auditors Arrowsmith Court Station Approach Broadstone Dorset BH18 SAT Bankers Royal Bank of Scotland Middlesbrough Branch 2 Albert Road Middlesbrough TSI IPR STRUCTURE. GOVERNANCE AND MANAGEMENT OBJECtIVES AND ACTIVITIES Governing Document Objectives and Aims The charity is controlled by its governing document.. a Deed of Trust, and constltutes an unincorporated charity. page I
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST REPORT OF THE TRUSTEE5 FOR THEYEAR ENDED 31 DECEMBER 2023 STRucfuRE, GOVERNANCE AND MANAGEMENT OBJEcfivES AND ACTIVITIES (continued) The Trust was formed by a Deed dated 22 July 1982 for the benefit of poor persons, relief of sick persons and for education purposes in the country of Zambia. For many years the Trust has Supported exclusively the work of St Francis Hospital, Katete in Zambia and the Trustees intend to continue that 5UPPOrt for the foreseeable future. With agrèement from the Trustees the charity has extended its actNities further afield but still within the Eastern Province of Zambia. The hospital, founded in 1948, is a general third level hospital with 540 beds. It is the largest church run hospital in Zambia. Currently it supetvises a large number of patients with HIV on anti-retroviral therapy.. the funds for this are recelved through the Churches Health Association of Zambia. In piinciple, the hDSPltal is funded by the Zambian Ministry of Health at a level of 75% of what it costs the government to run their own hospitals. The government grant since September 2021 has become more reliable. The Zambian medical and nursin8 staff are on the Government payroll. The shortfall must be found by the hospital. Some funds raised in the UK are also used by the hospital to pay 'top up, allowances to certain senior Zambian doctors who have chosen to work in a very rural area, 300 miles from the capital, where they would be able to add to their income through private prartice. In addition, funds pay expatriate doctors who come up to a vear on volunteer terms Ibasic £2LK)Imonth, with rent free accommodation). For those expatriate doctors who havè been at the hospital for longer period5, their stipend is, with agreement from the Trustees, increased. Risk Management The trustees have a duty to identify and review the risks to which the charitv Is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trust holds a Current and Deposit account at the Royal Bank of Scotland for day to day transactions. Trustee5 appointment New trustees are appointed by agreement with the existing trustees. The current trustee5 are generally from either a medical gr financial background and support the hospital. Trustees are inducted by the existing trustees in the responsibilities requirements of a trustee. At the Trustees meeting in july 2023, Mrs Eileen Hamilton and Mrs Faith Cairns offered their resignations. The remaining Trustees thanked them for tireless work and many years of service. In their place, the Trustees appointed Mr Thomas Cairns and Mr Muntanga Munkombwe. Thomas Cairns lives in England and is an IT consultant in the rail transportation industry. He has been heavily involved in raising money for building, maintaining and manaEing the IT system at St Francis over many years. Mr Muntanga Munkombwe is a Zambian national. His expertise is in renewable energy, particularly solar. His wife, Dr Fwoloshi is one of Zambia's leading experts in tropical diseases. Public benefit, objertives and artlvltles The Charity has given due reg8rd to public benefit when planning the charities activities, in accordance with section G2 and G3 of the Charity Commission's General guidance on Public Benefit ljanuary 20081. The paragraphs above and below set out the Charities activitles, èchievements and performance during the year. which are directly related to the objects and purposes for which the charity exists. Income There is a steady income by way of donations from former staff and their relatives. Funds are also donated by church groups and other charities in the UK and Germany. Increasingly more income is being generated through soc&31 media. page 2
THE FRIENDS OF ST FRANCIS IL4TETE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Icontinuedl Gift Aid Gift Aid clairn5 were made quarterly durins the year. The latest Gift Aid claim was made on 15 December 2023 for £3,198.75. The claim was paid by HMRC on 20 December 2023. Financial Review During the yeai income was up on the previous year from £78.138 to £120,600. Charitable expenditure increased from £60,409 to £97,539 Reserves The Charity holds some restricted funds1£150,992 and £129.437 in 20221 and a General Reserve,1£1,561 and £55 in 20221 all reserves are in some way to be distributed to St Francis Hospital. Comment and Activities A Trustees Meeting was held on Saturday 22nd July 2023 by way of Microsoft Teams, originating from The Hobbit. Overway. Donhead St Andrew. Near ShaftesbLtry, England. The main points discussed and agreed during the meeting are as follows= Draft accounts for the year ended December 2022 had been sent to all the Trustees prior to the meeting and were approved. During the year ending December 2023. there was an overall increase in donations over fund5 paid out. Senior Staff Retention and Volunteer Doctors - The cost for Senior Staff Reterstion and Volunteer Doctors stipends was £24,450 for the year. The money arose from the Medical Fund. AID Africa Nursing - Funds from AID Africa Nursing were used to support Sekelani TeTnbo and Georgina Sundies, who have now completed their courses successfully. Due to the way the employment and deployment system operates in Zambia, there is sometimes a delay between graduation and the start of work. Both graduates are awaiting deployment. The third candidate was Patricia Banda who graduated from Kasenegwa School with excellent results about four years ago, since then she had been making doormats to support herself, earning an average income of ZMW300 per month1£9.401, of this she had to pay ZMWI(K)1£3.151 rent. It is extremely difficLJlt to live in Zambia on ZMW200 per Tnonth 1£6.251. With permission from AID Africa we are now supporting her through her midwifery course which began in July 2023. page 3
THE FRIENDS OF ST FRANOS KATETE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCYURE. GOVERNANCE AND MANAGEMENT OBJÉCTIVES AND ACTIVITIES Icontinuedl Orphans and Vulnerable Childrens Program IOVCI - The program was set up in the 1990's following the onset and effect on children of HIV/AIDS. There were manv voung children who lost everyone who might have been able to care for thèm. It has continued without a break for the last 32 years. Over this period it Is estimated that we have been able to support about 40,000 children. giving them the opportLJnity for a better life. Running the program was Emelia Mulenga who died in May 2023. Cynthia Nyendwa was appointed as the new Focal Point Person to run the OVE program starting in July 2023. Acording to the latest OVC annual report we are now supporting 790 orphans and/or vulnerable children. Those of school age are supported from grade I to 12. Prior to her death Emelia ported that there was dissatisfartion among the volunteer guardians in the villages. Apparently many years ago an expatriate had purchased bicycles for each of the guardians, this happened without Andrew Cairns knowledge. To provide the guardians with some form of incentive we thought it would be appropriate to buy them new bicycles on the understanding that these would not be replaced for at least seven years. Permission was obtained from the Trustees to acquire 37 bicycles lone for each village) and it is intended that they will be handed over to the guardians on 2024. Tertlary Education is beyond the normal remit of the OVC program. Andrew Cairns has been able to find outside donors who are prepared to pay for the training of doctors and nurses. We have a strict procedure in place to vet suitable candidates: al All candidates must have come through the OVC program. bl Suitable candidates must have achieved 12 points or less at Grade 12 to be considered for Re8j5tered Nursing/Midwifery sponsorship. They must have achieved 8 points or less to be considered for Medicine. The Ministry of Education has a system of points awarded to students for their achievements in the final exam5 at Grade 12. The fewer the points, the better. cl All candidates must write a letter to us stating why they think that they should be considered for sponsorship. dl Nursing candidates must have been offered a place at the St Francis School of NLtrsing, or the University of Zambia IUNZAI for Medicine. el Each candidate will have an in-depth interview wlth the Senior Medical Superintendent at St Francis, Hospital. Currently we have two OVC students.. Florence Zulu and Isaat Banda who started Medicine in January 2022. We also agreed to support Peter Jailos Mwale for the second and third years of his Nurse training. Peter is an amazingly well organised young man, after graduating from school and obtaining a place at St Francis, School of Nursin& he found part-time jobs to raise the funds for his training. He didn't realise just how much time his course would occupy him - he had hoped that he would be able to fund it himself. Unfortunately, this turned out not to be the case and based on excellent report5 from the Principal Nurse Tutor, a Sponsor was found for the remainder of his Nurse training. Andrew Cairns keeps in contact with the students and reports to the benefactors regularly. The Trust also sponsored Adamson Mw3n2a who graduated in 2023 as the top student of the year from the University of Zambia. He is a longstanding member of staff at St Francis in charge of the Data Processing Department. He gained a Bsc in Data Processing. An outside donor has come forward with a pledgè to donate £75,000 to be invested in a fund designèd to provide 100% sponsorships for the training of Registered Nurselmidwives arising from the OVC program, in perpetuity. It is thought that the funds w511 become available in 2024. page 4
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Icontinuedl Expansion of Solar Capacity - Following the Reunion for former staff and benefactors held in Poole in November 2023, a potential donor has come forward with a pledge to donate an initial £75,000 with the possibility of an additional £50,0 to enlarge the existing solar plant at St Francis, Hospital. Andrew Cairns is in discussion with the donor and it is hoped that the funds may become available during 2024. The existing Solar system which was donated using funds raised by the Friends of St Francis, was installed in 2021. It is currently providing 27% of the Hospital's èntire power requirement. It is thought that the additional equipment will IncaSe the energy from So13r power to about 60% of Hospltal's needs. Other donors have come forward with smaller donations for Solar. It is planned that the funds will be used to acquire additional batteries for nighttime use. The 2023 rainfall in Zambia was very poor. It is extremely likely that the power derived from hydroelectricity (the country's main power source) will be insufficient countrywide. Increasing the Hospital'5 Solar capacity will have an enormously beneficial effert c>n its ability to provide good patient care. It is thought that the existing Solar Plant at St Francis, èlready has a higher output than that at any other hospital in Zambia. st Luke's Clinic Msoro- St Luke's at Msoro was affiliated to St Francis. Hospital in the past. The Anglican Cathedral is based there. It is for this reason that we have maintained a close association. During 2023, the Trust provided funds to replace the underground piping between the reserve water tank$ and the clinic. This work has now been completed and for the first time in many year5, the clinic has fresh. clean water under very good pressure. The Trust also provided funds to install basins for hand washing and bathing small children in the Children's ward. This project has now alsts been completed. During 2023, Andrew Cairns noticed that the expertant mothers who come to the clinic up to a week before their babies were duè, had to walk about 500 m to relieve themselves. It was agreed that we should provide funds to build a small extension onto their accommodation, reducing this walk to about 5 m. This project is in progress and should be completed during 2024. St Frantis. Primary School, Msoro- St Francis. Primary School is considered by Zambian standards to be quite small, educating slightly more than 600 children. The main building was constructed in the 1930s and for the last few years has been showing signs of decay. Also, the Zambian Department for Education had condemned the building. Following an appeal in 2023 to rebtjild the main school bLJildlng, which was a two classroom three office block, measuring 31 m x 9 m, we raised the funds to rèbuild. The estimated c05t of the entire rebuild was about £iO,I)00. It is experted that the structure that is now a three classroom orbe office block will be ready for handover by the beginning of August 2024. page S
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Icontinuedl Malama Clinic - Malama Clinic is located 65 km south west of Mfuwe in an extremely remote part of Zambia. During the rainy season, the area is virtually inaccessible. unle$5 one is prepared to traverse flooded rivers infested with crocodiles. At this time, a bicycle is the most efficient mode of transport. It is in a Game Management Area, so apart from crocodiles, there are many other wild animals to contend with. In November 2022. Andrew Cairns met the village leaders who wère appealing for 4 beds for their new maternity block. The beds were donated by St Francis, Hospital in May 2023. Later the same month, Andrew Cairns visited the clinic. On arrival, Chief Malama expressed his sincere gratitude by arranging the local women to dance Songwe. Andrew was dismayed to note that the clinic did not have any power whatsoever, but neither did it have any running water. In August 2023, we replaced the hand operated borehole with a solar pump, installed a 10,000 L tank set 4 m high and installed hand baslns to each room in the clinic. It is hoped that if we can raise additional funds, we will be able to install solar lighting at a cost of about £6,300 in 2024. Currently, the community health worker there, dellvers babies holding a torch in one hand whilst delivering the baby with the other hand. Other Matters - Andrew Cairns asked the Trustees at the Trustees meeting to reconfirm that regular transfers made to St Francis, Hospital that include Senior Staff Retention, Volunteer Dortors Stipends, Airfares lif requestedl and OVC funding, could be made without reference to the Trustees. All Trustees agreed that this prartice could continue. The Trustees maintain close contzct with St Francis, Hospital. Andrew Cairns has vislted twice the Hospital in the past yèar spending 5 wèèks in April/May and 8 weeks in July/August/September, at his own expense. Nts Charity funds were used for these visits. Regular contact is a150 maintained throughout the year by Andrew Cairns with the Hospital via the Senior Medical Superintendent and the Administration Managers. He has now also taken over the role for recruiting overseas staff. Page 6
THE FRIENDS OF ST FRANCIS KATE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Trustee5 responsibilities Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial artivities for that period and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial Statements the trustees are required to.. al select suitable accounting policies and then apply them Consistently,. bl make judgements and estimates that are reasonable and prudent; cl state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulation5 and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements,. ènd dl prepare the financial statements on the going concem basis unless it is inappropriate to assume that the charity will continue. The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial 5)osition of the charity, and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safegtjarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. A. P. 641Yrt4 Andrew Cairns Trustee Dated .. 2010912024 Page 7
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORTTO THE TRUESTEES OF THE FRIENDS OF FRANCIS KATETE CHARITABLETRU I report on the accounts for the year ended 31 December 2023 set out on pages 9 to 15. Respertive responslbilltles of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Settion 144 of the Charities Act 2011 and that an independent examination is required. It is my responsibility to: examine the accounts under Section 145 of the Charities Act 2011 to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 14515llbl of the charitie5 Act),. and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the General Directions gSven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees Conrning any such matters. The procedures undertaken do not provide all the evidence that would be required in an avdit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. Independent examiner's statement In connertion with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Sertion 130 of the Charities Act- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met- or 121 to which. in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. C Dunn FCCA Newton Magnus Limited Chartered Certifled Accountants & Statutory Auditors Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT Date: 4-9-yuZY page 8
THE FRIENDS OF ST FRANCIS KATEfE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestritted fijnds Restricted funds Notes INCOMING RESOURCES Incoming resources Irom generated funds Donations Investment income 118.825 118.825 1,775 120,600 77,870 268 78,138 1,775 1,775 118,825 Total incoming resources RESOURCES EXPENDED Charltable artivities Charitable expenditure 269 97,270 97,539 60,409 Total resources expended 269 97.270 97,539 60,409 NET I0GoING1/1Nc0M1NG RESOURCES 1,506 21,555 23,061 17.729 RECONCILIATION OF FUNDS Total funds brought fonvard 55 129,437 129.492 111,763 TOTAL FUNDS CARRIED FORWARD 1,561 150,992 152,553 129,492 The notes fomi part of these financial statements page 9
THE FRIENDS OF f FRANCIS KATETE CHARITABLE TRUST BALANCE SHEET AT31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted funds Restricted funds Notes Current Assets Cash at bank 1.561 150,992 152.553 129.492 Current Assets 1,561 150,992 152,553 129,492 Current Liabilities Creditors and accruals Totsl assets less current liabilities 1,561 150,992 152,553 129,492 FUNDS Unrestricted funds Restricted funds 1,561 1,561 150,992 S5 129,437 150,992 Totsl assets less current liabilities 1,561 150,992 152,553 129,492 20A1912024 The financial statements were approved by the Board of Trustees on and were signed on its behalf by.. A. P. 6Adfrf4 A P Cairns- Trustee Page 10
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Accounting Convention The financial statements have been prepared under the historical cost convention, and in accordance with the Charities Act 2011 and the requirements of the Statement of Recommended Practice 2019, IFRS 102 IA) Accountir)g and Reporting by Charities. The financial statements have been prepared on the going concern basis as there is no material uncertainties abtsut the Charit5 ability to continue. Presentation currency is Pounds Sterling. Incoming Resources All incoming resources are included on the Statement of Financial Artivities when the charity is lesally entitled to the income and the amount can be quantified with reasonable accuracv. Resources Expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxatlon The charity is exempt from tax on its charitable act¢vities. Fund A¢¢ounting Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. VOLUNTARY INCOME 2023 2022 Donations 118,825 77,870 page 11
THE FRIENDS OF ST FRANCIS KATEfE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 INVESTMENT INCOME 2023 2022 Interest receivable 1.775 268 CHARITABLE EXPENDITURE 2023 Un-restricted Restricted 2022 Un-restricted Restricted Just giving and bank costs Dor¢ations 269 213 216 59,980 97,270 269 97,270 213 60,196 TRUSTEES, R£MUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, Expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees Unclaimed Expenses During the year A P Cairns made two visits to St Francis Hospital and no funds from the Trust were used. The cost of the trips funded personally by himself was approximately £1.500. FUNDS - Current Year Net movement in funds At 31.12.23 At 1.1.23 Unrestrirted funds General fund 55 1,506 1,561 Restrirted funds Restrirted 129,437 21,555 150,992 129.492 23,061 152.553 page 12
THE FRIENDS OF sr FRANCIS KATETE CHARITABLE TRusr NOTES TO THE FINANCIAL STATEMEMfs- CONTINUED FOR THE YEAR ENDED ai DECEMBER 2023 FUNDS- Current Year (continued) Net movement in funds, included in the above are as follows: Incoming Resources Resources Expended At 1.1.23 Transfers At 31.12.23 Unrestrlcted funds General Fund 55 1,775 12691 1.561 Restrirted funds Vocation31 training fund 19,857 Medical fund 29,472 AIDS Orphans 22,232 SFH Projetts 51,395 OVC Christian Aware 2,706 St Luke's Msoro 25 AIDS nurse 3,750 Ii,iooi 144,9001 117,6001 129,9041 12,LK)01 18.757 30,243 29,434 65.060 1,860 3,650 1,988 45,671 24,802 43,569 1.154 3.625 11,7661 TOTAL FUNDS 129,492 120.600 197,5391 152,S53 Summary of assets by funds- current year Unrestricted Restricted Total Cash in hand and at bank 1,561 150,992 152,553 FUNDS- PRIOR YEAR Net movement An funds At 1.1.22 At31.12.22 Unrestrictedfunds Genernlfund 55 55 Restrirtedfunds Restricted 111,763 17,674 129,437 TOTAL FUNDS 111,763 17,729 129,492 page 13
THE FRIENDS OF FRANCIS KATETE CHARITABLE TRusr NOTES TO THE FINANCIAL sfATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 FUNDS- PRIOR YEAR (continuedj Net movement infunds, included in the above ore usfollows.. Incoming Resources Resources Expended At 1.1.22 Transfers At31.12.22 Unrestrirtedfunds Generol Fund 268 (213) 55 Restrirtedfvnd5 Vocational tminingfvnd 21,197 Medicalfund 64.777 AIDS Orphons 21,240 SFH Projects 3,101 OVC Chnstion Awore 1,423 St Luke's Msoro 25 AIDS Nurse {1,340) (30.056) {io,oooJ 18,8001 19.857 29,472 22,232 51,395 2, 706 25 3,750 34,751 10,992 27,094 1,283 [40,OOQJ 40,000 {1,820 3,750 TOTAL FUNDS 78,138 (60,409) 129,492 Summary of assets byfunds- Prlor Year Unrestricted Restrirted Totol Cash hand und L7t bonk 55 129.437 129,492 Page 14
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST NOTES TO THE FINANCIAI STATEMENTS- CONTINUED FOR THE YEAR ENDED 310ECEMBER 2023 FUNDS {continuedl The restricted funds are held for the following purposes: Vocational Training Fund: is used for vocational training of members of staff at Saint Francis Hospital Medical Fund.. Is used primarily to pay top up salaries for senior members of staff at the hospital. These top ups go some way towards matching the income that these members of staff would otherwise receive if they were to work In the city. In addition funds are used to pay the salaries of expatriate overseas doctors. Depending on how long the overseas doctors are prepared to go to the hospital, the fund will also pay for part of their airfare. Aids Orphans- the fund pays for the maintenance, upkeep, counselling. transport Costs and school fees. Currently we are looking after approximately 1,500 children. SFH Projects '. for one off special projects OVC Christian Aware .' are used for the maintenance, upkeep, counsellin& transport costs and school fees. St Luk¥s Msoro .' to assist the St Luke's Clinic with various projects. Aids Nurse . donated from the AIDS Africa Nursing charity to be used to train registered nurses from our OVC programme. 7. Related PartyTransactions There were no related party transactlDns during the year12022 .. nil) 8. Controlling Partv The Charity is controlled by the trustees page 15
THE FRIENDS OF ST FIiANCIS KATEfE CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL AcllviTIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted funds Restricted funds Incoming ReseNes Voluntary Income Donations 118,825 118,825 78,870 Investment Income Interest receivable 1,775 1,775 268 Total Incoming Resources 1,775 118.825 120,600 78,138 Resources Expended Charltable Artlvitles Just Giving and bank charges St Francis 12691 12691 197,2701 14291 159,9801 197,2701 Total Resources Expended 12691 197,2701 197.5391 160,4091 Net IExpenditure}/lncome 1,506 21,555 23,061 17,729 page 16