REGISTERED CHARITY NUMBER: 284717 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE FRIENDS OF FRANCIS KATEfE CHARITABLE TRUST (FORMALLY ZAMBIA ANGUCAN COUNCIL CHARITABLE TRUSTI
THE FRIEND5 OF ST FRANCIS KATETE CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Ito7 Independent Examinels Report Statement of Financial Activities Balan Sheet io Notes to the Financial Statements Ilto15 Detailed Statement of Financial Activities 16
ThE FRIENDS OF sr FRANC15 KATETE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charty for the year ended 31 December 2024. They have adopted the provisions of the statement of Recommended practice ISORPI 'Atcountir)g and Reporting by Charities, IFRS 1021 REFERENCE AND ADMINISTRATIVE DETASLS Registered Charlty Number 284717 Principal address The Hobbit Overway Donhead St Andrews Shaftesbury SP7 9LH rru5tee5 MrA P Cairns Drj A Ferguson Dr S Parkinson MrTP I Cairns Mrm Munkombwe Independènt Examiner C Dunn FCCA Newton Magnus Limited Chartered Certified Accountants Statutory Auditors Arrowsmith Court Station Approach Broad5tone Dorset BH18 8AT Bankers Royal Bank of Scotland Middlesbrough Branch 2 Albert Road Middlesbrough TSI IPR STRucfuRE, GOVERNANCE AND MANAGEMENT OBJEcfivES AND ACTIVITIES Governing Document Objectives and Alms The charity is controlled by its governlng document: a Deed of Trust, and constitutes an unincorporated charity. page I
THE FRIENDS OF ST FRANOS KATETE CHARITABLE TRUST REPORT OF THE TrUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES (continued} The Trust was fomied 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 year5 the Trust has supported exclusively the work of St Francis Hospital, Katete in Zambia and the Trustees intend to continue that support for the foreseeable future. With agreement from the Trustees the charity has extended its actwities 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 supervises a large number of patients with HIV on anti-retroviral therapy: the funds for this are received through the Churches Health Association of Zambia. In principle. the hosprtal 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 nursing 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 docto 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 practice. In addition. fLtnds pay expatriate doctors who come up to a year on volunteer tem)s (basic £2001month, with rent free accommodatsonl. For those expatriate doctors who have been at the hospital for longer periods, their stipend is, with agreement from the Trustees, increased. Risk Management The trustees have a duty to identify and review the rSsks to which the tharity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trust holds a Current and Depostt account at the Royal Bank of Scotland for day to day transactions. Trustees appointment New trustees are appointed by agreement with the existing trustees. The current trustees are generally from either a medical or financial background and support the hospital. Trustees are inducted by the existing trustees in the responsibilities requirements of a trustee. Public benefit. objectives and actlvities The Charity has given due re8ard to pvbllc benefit when planning the charities activities, in accordance with the Charity Commission's General guidance on Public Benefit . The paragraphs above and below set out the Charities activities. achievements and performance during the year, which are dirertly related to the objects and purposes for which the charity exists. Income There is a steady income by way of donation from private individuals. Funds are also donated by church groups and other charities in the Unlted Klngdom and Germany. Increasingly, more income is now being generated through social media. GiftAid Grft Aid clalms are normally made quarterty during the year. However, due to the Treasurer not being the UK for much of the year, the last Gift Aid clalm was made on 22nd May 2025 for £10,102.75. The claim was paid by HMRC on 27th May 2025. page 2
THE FRIENDS OF FRANCIS KATETE CHARITABLE TRUST REPORT OFTHE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 sTRUURE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Icontinuedl Financial Review During the year, income was up on the previous year from £120.600 to £287,891, this includes a one-off donation of £150,000 from E J Spice Trust. Charitable expendsture increased from £97,270 to £238,400. I£IOO,000 wa5 spent on Solar Phase Two). Reserves The Chartty holds some restricted funds1£197,701 and £150,992 in 20231 and a General Reserve,1£4,023 and £1.561 in 20231 all reserves are in some way to be distributed to St Francis Hospital. Commertt and Artivities A Trustees Meeting was held on Saturday 22rd October by way of Microsoft Teams. originating from The Hobbit, OvenNay. Donhead St Andrew, Near Shaftesbury. England. The main points discussed and agreed during the meeting are as follows.. Draft aceounts for the year ended December 2024 had been sent to all the Trustees prior to the meeting and were approved. During the year ending December 2024, there was an overall increase Sn donations over funds paid out. Senior Staff Retention and Volunteer Doctors- The cost for Senior Staff Retention and Volunteer Dottors stindS was £29,472 for the year. The money ar05e from the Medical Fund. Training Adamson Mwanza completed his Bachelor of Science in Data Admlnlstration and Infonnation Management at the University of Zambia funded by the Friends of Salnt Francis. passed out a5 the top student of the year. Earlier this year, the Trustees agreed that John Kalombo, a Public Health Nurse at Saint Francls with Bachelor of Science degree from Apex University in Lusaka, could attend the University of Zambia to ad his Masters degree, beginning in january 2025. The Trustees have agreed to pay his fees only for the duration of his 3 year course. The E J Spice Trust donated £75,000 to be placed in a fund, the income from which should be used to pmvide for the fees for young people who had come through the Orphans and Vulnerable Childn program to do nursÉng and/or midwifery. The bar set for suitable applicants is substantially higher than the level required for students to find a place at the Nurse Training School. page 3
THE FRIENDS OF sr FRANCIS KATEfE CHARITABLE TRUST REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Icontinuedl SLtitable candidates who wish to start nurse training undef our sponsorship are required to obtain 12 points or less at grade 12. In simple term5, a one (soetImeS referfed to as a starred distinction) receives one point. A distinction or a two Eets two points and so on. We onFy consider the top six subjects passed. The applicant must have achieved a distinction or higher In Mathematics, English and one Science subject. The applicant 15 then interviewed by Andrew Cairns or the Senior Medical Superintendent lif Andrew Cairns is not availablel. During these interviews, we try and sift out those applicants who are not only bright but also are likely to have empathy with potential patients. Once the applicants have passed these stages successfully, nursing students must obtain a place at the St Francis School of Nursing or in the case of degree students at the University of Zambia in Lusaka. This ensures that Andrew can monitortheir progres5. The money that we have received from the E J Spice Trust, once invested appropriately, may allow the charlty to sponsor up to 3 students at one time, in perpetulty. Once we accept a nursing student who is to be funded through the E J Spice Fund, a budget wlll be set aside for each individual student. Orphans and Vulnerable Children5 Program (OVCI Last year we raised £25,120 with expenditure of £12,500. A large extra-ordinary expense wa5 spent on repairing the L3ndcruiser. Cynthia Nyendwa, the new focal point person for the program, is doing well in running the program. The number of chIldn within the program has now risen to just over 1,500. We have two students in medical training at the University of Zambia. There is a possibility that a sponsor has come forward to pay for a physlotherapy undergraduate starting in January 2025. There are also 4 students doing nurse training at St Francis School of Nursing. All tertiary students are paid for by individual sponsors. A5 previously agreed by the Trustees, we are in the process of constructing a house within Cairns Compound on the hospital campus to be known as Simbeya. Danwell Simbeya who died in April 2020 was instrumental in setting up the OVC program and was the original focal point person beginning in 1992. A covenant will be placed on the house stating that while OVC is in existen, only the current OVC focal point person may live there. This property is due to be completed in early 2025. 5olap Phase 2 -Following the donation from E J Spice Trust of £75,000 and additional funds from the Friends of St Francis, the charity has paid over US$125,0001£IOO,0001 for the installation of Phase 2. This system along with Phase I, should provide sufficient power when completed to run the hospital 2417 except for the CT Scanner, X-Ray and kitchens St Luke's Clinic Msoro- Over the last year, we have Improved the ablutions for the waiters Imothers who are watting to have their babie51. This project is now nearly completed. Andrew requested permission to spend a further £200 to complete the projert by construrting the roof, which was approved by the Trustees. page 4
THE FRIENDS OF ST FRANCIS KArE CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT OBJECTIVES AND AcrtVlTIE5 Itontinuedl St Franci Primary School, Msoro - The reconstnjction of St Francis, Primary School was completed. The building has handed back to the Church on 3rd August 2024 Solar at Malama Cllnic- Last year we paid for the installation of running water at the clinic. Previously The Twstees agreed to spend up to £IO.000 on providing power for the clinic. Following Trustee vistt to the clinic in July 2025, Muntanga pointed out that we would need to install air- conditioning in the pharmacy area. This means that the Trustees will need to spend around £10,500 altogether. This is a small increase on the original agreed budget. Within thi5 budget. we will also be improving the outside lighting 50 that potential patients can see the clinic, enstjring there are no elephants on the wayl We will also be improving the effectiveness of the elephant proof fencin& st Francis Chapel, Katete The roof is in h very sorry state. The beams holding up the roof are made of wood which over the year5 the termltes have enjoyed. The beams no longer hold up the roof, moreover the roof is now held down by the tree above it. In Andrew's opinion, the following repair5 need to be carried out: The existing roof joists need to be removed and replaced with more suitable material and then the chapel can be reroofed, mostly using the existing corwgated iron sheets. There is a crack over the archway in the vestry. This will need to be reconstructed. There is a potential sinkhole beneath the main part of the church. We need io investgate this. Looking at the possibility of relaying the floor with slate, I have found a source of slate Andrevfs mother recently celebrated her 95 birthday. For this celebration, many people donated just less than £5,000. Andrew requested permission to spend thi5 money in line with her request on renovating the chapel. The trustees approved this expenijiture. A larger church at st Francis One of the problems facing St Franci5 Hospital is that the existing chapel is not large enough to dter for the growing congregation. The former Bishop suEgested that we might consider building a new church on the 'mission" site at St Francis. Andrew investigated the possibility of carrying out this quest and the cost of such a projert should be no more than £15,000. Prior to constructing a new church, Andrew would pre*er to be able to talk to the new Bishop. Dennis Milanzi to ensure that it is within his plans. The Trustees have agreed to spending up to £1S.000 in constructing a new church. Andrew has since spoken to Bishop Dennis who is against building a new larger church at St Francis 3$ a new parish church is planned at Omelomumba, at Katete shops, 4 kms distant. page 5
THE FRIEND5 OF ST FRANCIS KATEfE CHARITABLE TRusr REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2024 STRuVRE. GOVERNANCE AND MANAGEMENT OBJECTIVES AND ACTIVITIES Icontinuedl Oxygen Plant Shortly after the plant was installed. oxygen was piped to the main theatre block, Bethlehem Ilabourl and Mbusa Wabwino Ichildrensl wards. York (Gynae and ICUI. sin then, the hospital has asked the Friends of Saint Francis to pipe oxygen to St Augustine's Imale generall and St Monica's Ifemale generall. This work is now ¢ornpleted. Jessica suggested that it would be reasonable for the Frlends to provide the money to pipe oxygen to all the remaining wards. This proposal was agreed by the Trustees. Oxygen is now piped to Mtjkasa (female surgicall and will be piped to Kizito Imale surgicall shortly Other Matters Andrew Cairns asked the Trustees to reconfirm that regular transfers made to St Francis, Hospital that include Senior Staff Retention, Volunteer Doctors Stipends, Airfares lif reouestedl and OVC funding, could be made without reference to the Trustees. All Trustees agreed that this practice could continue. The Trustees maintain close contact with St Francis, Hospita5. Andrew Cairns has Vlslted three times the H05Pftal in the past year spending 6 weeks in January/February, 7 weeks in July/August and 9 weeks in September to December, at his own expense. No Charity funds were used for these visits. Regular contact is also maintained throughout the year by Andrew Cairns with the Hospital via the Senior Medical Superintendent and the Administration Managers. Dr David Ebbs who worked at the hospital in the 19805 has taken over the role for crU¢(lng overseas staff. Page 6
THE FRIENDS OF ST FRANCIS I(ATEfE CHARITABLE TRUST REPORT OF THE TrUSTEES FOR THE Y&4R ENDED 31 OECEMBER 2024 Trustees respon5ibilitie5 Charwty law requires the Trustees to prepare financial statements for each financial year, whith give a true and fair view of the state of affairs of the charity and of its financial activities 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 stste whether the policies adopted are in accordance with the appropriate SORP on Accounting bv Charities and the Accounting Regulations and with applicable accounting standards, subjett to any material departures disclosed and explained in the financial statements,. and dl prepare the financial statements on the going concern 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 accuraty at any time, the financial position of the charity, and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking asOnable steps for the prevention and detection of frdud or other Irregularities. PL, Andrew Cairns Trustee Dated . 241712025 Page 7
THE FRIENDS OF ST FRANCIS KAT CHARITABLETRUST INDEPENDENT EXAMINER'S REPORTTOTHETRUESTEES OF THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST I report on the accounts for the year ended 31 December 2024 set out on pages 9 to 15. Respective responsibilities of trustees and examlner 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 Chartties Art 2011 and that an independent examination 15 required. It is my responsibility to: examine the accounts under Sertion 145 0* the Chartties Act 2011 to follow the procedures laid down in the General Directions given by the Charlty Commission l¢Jnder Section 14515llbl of the charities Actl- 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 given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wrth those re¢ord5. It also include5 consideration of any unusual r(ems or disclosures in the accounts, and seeking explanations from you as trustees concerning any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit, 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 examlner's statement In connettion with my examination, no matter has come to my attention.. iii which gives me reasonable cause to believe that. in any material respect, the requirements to keep accounting records in accordance with Seuion 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 to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. C Dunn FCCA Newton Magnus Limtred Chartered Certified Accountants & Statutory Audttors Arrowsmith Court Station Approach Broadstone Dorset BHI8 8AT Date.. 2417115 page 8
THE FRIENDS OF ST FRANCIS KATEfE CHARITABLE TRUST srATEMEMf OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOMING RESOURCES Incoming resources from generated funds Donations Investment income 285,109 285,109 2,782 287.891 118,825 1,775 120,6(K) 2,782 2,782 285,109 Total incoming resources RESOURCES EXPENDED Charitable activities Charitable expenditure 320 238,400 238,720 97,539 Total resources expended 320 238,400 238,720 97,539 NET IOUTGOINGIIINCOMING RESOURCES 2,462 46,709 49,171 23,061 RECONCIUATION OF FUNDS Total funds Ought fonvard 1,561 150,992 152,553 129,492 TOTAL FUNDS CARRIED FORWARD 4.023 197,701 201,724 152.553 The notes form part of these financial statements page 9
THE FRIENDS OF ST FRANCIS KATE CHARITABLE TRusr BALANCE SHE AT31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restritted funds Notes Current Assets Cash at bank 4,023 197,701 201,724 152.553 Current Assets 4,023 197,701 201,724 152,553 Current Liabilities CdItorS and a£cruals Total assets less current liabilities 4.023 197,701 201,724 152.553 FUNDS Unrestricted funds Restricted funds 4,023 4,023 197,701 1.561 150,992 197,701 Total assets less current liabilities 4.023 197,701 201,724 152.553 The financial statements were approved by the Board of Trustees on 241712025 anil were signed on its behalf by: A P Cairns-Trustee Page 10
THE FRIENDS OF sr FRANCIS KATETE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLiaES Accounting Convention The financlal statements have been prepad under the hlstorical cost convention, and in accordance with the Chartties Act 2011 and the requirements of the Statement of Recommended Practicè 2019. IFRS 102 IA) Accounting and Reporting by Charities. The charity is a public benefit entity. The financial statements have been prepared on the going concern basis as there is no materlal uncertainties about the Charitvs ability to continue. Presentation currency is Pounds Sterling. Incoming Resources All incomrng resources are included on the Statement of Flnancial Activities when the charlty is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donated assets are entered as a note to the accounts unless the value is above £1,000. 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 resour5. Taxation The charity is exempt from tax on its charitable artivities. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fund5 can only be used for particular restrirted 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 2024 2023 Donations 285,109 118.825 page 11
THE FRIENDS OF ST FRANCIS KAE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT INCOME 2024 2023 Interest receivable 2,782 1,775 CHARITABLE EXPENDITURE 2024 Un-restricted Restricted 2023 Un-restritted Restricted Just giving and bank costs Donations 320 269 238,400 97.270 320 238,400 269 97,270 TRUStEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. Expenses There were no trustees, expenses paid for the year ended 31 Dember 2024 nor for the year ended 31 December 2023. Trustees Undalmed 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 fvnded personally by himself was approximately £6,(KN). FUNDS - Current Year Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 1,561 2,462 4,023 Restricted funds Restricted 150.992 46,709 197,701 152.553 49,171 201,724 paBe 12
THE FRIENDS OF ST FRANCIS KATETE CHARtTABLE TRUST NOTES TO THE FINANCIAL STATEMEMfs- ColNuED FOR THE YEAR ENDED 31 DECEMBER 2024 FUNDS- Current Year (continuedl Net movement in funds. included in the above are as follows- Incoming Resources Resources Expended At 1.1.24 Transfers At 31.12.24 Unrestrirted funds General Fund 1,561 2.782 13201 4,023 Restricted funds Vocational training fund 18.757 Medical fund 30.243 AIDS Orphans 29.434 SFH Projects 65,060 OVC Christian Aware 1,860 St Luke's Msoro 3,650 AIDS nurse 1,988 EJ Spice Nurses Scholarship 16401 145,5001 112,5001 1179,7601 18,117 28,639 42,055 26,392 1,860 3.650 1,988 75,000 43,896 25,121 141,092 75.000 TOTAL FUNDS 152,553 287.891 1238,7201 201,724 Summary of assets by funds- current year Unrestricted Restricted Total Cash in hand and at bank 4,023 197,701 201,724 page 13
THE FRIENDS OF ST FRANCIS KATEfE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 FUNDS- PRIOR YEAR (continued) Incoming Resources Resources Expended At 1.1.23 Tronsfers At 31.12.23 Unre5trirtedfvnds General Fund 55 1,775 1269J 1,561 Restrirtedfvnds Voct7tional troiningfund 19.857 Medicalfund 29,472 AIDS Orphons 22,232 SFH Projects 51,395 OVC Christitsn Aware 2,706 St Luke's Msoro 25 AIDS niurse 750 {i.iooJ (44,gOOJ (17,600J (29,904J {2,(XJOJ 18,757 30,243 29,434 65,060 1,860 3,650 1,988 45,671 24,802 43,569 1,154 3,625 11,766) TOTAL FUNDS 12 120.600 [97,539 152,553 Summory of ossets byfunds- Prior Year Unrestricted Restricted Totol Cosh in hand ond at bonk 1,561 150,992 152,553 Page 14
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- copINUED FOR THE YEAR ENDED 31 DECEMBER 2024 FUNDS Icontinuedl The restricted funds are held for the following purposes.. Vocational Training Fund: is LEsed for vocational training of mernbers of staff at Saint Francis H05Pltal 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 member5 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 forthe maintenartce. upkeepi covnselling, transport costs and school fees. St Luke's Msoro '. to aS51St the St Luke's Clinic with various projects. Aids Nurse '. donated from the AIDS Afrlca Nursing charity to be used to train reglstered nurses from our OVC programme. EJ Spice Nurses Scholarshlp Fund to provide for the fees for young people who had come through the Orphans and Vulnerable Chililren program to do nursing andlor midwifery. 7. Relatèd Party Transactions Mr M Munkombwe is the general manager of YouGo Ltd which is installing the solar system at St Frances, during the year the charity paid £IOO,000 for the installation. The decision to use YouGo Ltd was made by all of the trustees with the exception of Mr Munkombwe who was not involved with the decislon. 8. Controlling Party The Charity is controlled by the trustees page 15
THE FRIENDS OF ST FRANCIS KATETE CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Incoming Reserves Voluntary Income Donations 285,109 285,109 118,825 Investment Income Interest receivable 2,782 2,782 1,775 Total Incoming Resources 2,782 285,109 287,891 120.600 ReSoUrS Expended Charitable Activities lust Giving and bank charges St Francis 13201 13201 1238,4001 1238,4001 12691 197,2701 Totsl Resources Empended 13201 I238,4) 1238,7201 197,5391 Net IExpenditurel/ln¢ome 2,462 46,709 49,171 23,061 page 16