Charity registration number 1142265
Company registration number 07432515 (England and Wales)
SCHOOLS FOR KENYA
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
SCHOOLS FOR KENYA
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Lord D Goddard
Mr. P Stephenson
Mrs. D S Stephenson
Mr J F Halman
Mrs J K Halman
Charity number
1142265
Company number
07432515
Registered office
Alpha House
4 Greek St
Stockport
Cheshire
United Kingdom
SK3 8AB
Accountants
Azets
Alpha House
4 Greek St
Stockport
Cheshire
United Kingdom
SK3 8AB
SCHOOLS FOR KENYA
CONTENTS
Page
Trustees report
1 - 2
Statement of trustees responsibilities
3
Accountants' report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 10
SCHOOLS FOR KENYA
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 30 November 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and the Statement of Recommended Practice, applicable to the charities preparing their accounts in accordance with FRS102.

Objectives and activities

The charity's objects are the support of education in Kenya. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Following last year’s visit to Kenya with the Kamani family to explore projects for them to support, activity has this year focused on completing the project that they agreed to fund. This was the renovation and extension of an existing well at Olgirra School.

This is a school identified by the Born Free Kenya team as in need of support. The trustees were delighted to be able to offer their support to an additional school.

The initial remediation works on the well generated additional water but much of it was accessed and used by the local community. Following extensive discussions with the contractor (via the Born Free team in Kenya), the well was further deepened with support from the contractor and Born Free Kenya. As a result, the well is now generating water which is being used by the school and local community.

During the year, Born Free Kenya proposed that the charity pause on new infrastructure projects but rather focus on support maintenance projects and infrastructure improvements in order to ensure the schools were kept in good order. The trustees agreed to this approach.

The trustees had hoped to run a charity ball during 2025 but it was agreed to postpone this until 2026.

It is also hoped to arrange a trustee visit during 2025 to assess maintenance projects.

Financial review

The value of the total reserves at 30 November 2024 were £23,366 (2023 - £25,135).

It is the policy of the charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to between 3 to 6 months’ expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level or reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

SCHOOLS FOR KENYA
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
Structure, governance and management

The charity is a company limited by guarantee (incorporated 8th November 2010) and as such has no share capital. The liability of the members of the company as set out in the Memorandum of Association is £1 per member in the event of the company being wound up while they are a member or within one year of ceasing to be a member.

 

The charity is a registered charity (No: 1142265) and company (No: 07432515). The governing document is set out in the Memorandum and Articles of Association. An Annual General Meeting is held each year at which the "Board" are elected.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Lord D Goddard
Mr. P Stephenson
Mrs. D S Stephenson
Mr J F Halman
Mrs J K Halman

Prospective Trustees are recruited to ensure that the Board of Trustees has the requisite range of experience and skills to effectively manage the charity.

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

There are no related parties or related party transactions involving the trustees.

The trustees report was approved by the Board of Trustees.

Mr J F Halman
Trustee
Dated: 20 August 2025
SCHOOLS FOR KENYA
STATEMENT OF TRUSTEES RESPONSIBILITIES  
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -

The trustees, who are also the directors of Schools for Kenya for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SCHOOLS FOR KENYA
CHARTERED ACCOUNTANT ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SCHOOLS FOR KENYA FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Schools for Kenya for the year ended 30 November 2024, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 4 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Schools for Kenya and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Schools for Kenya and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that Schools for Kenya has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Schools for Kenya. You consider that Schools for Kenya is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of Schools for Kenya. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Azets
21 August 2025
Alpha House
4 Greek St
Stockport
Cheshire
SK3 8AB
United Kingdom
SCHOOLS FOR KENYA
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
3
834
24,623
Expenditure on:
Raising funds
4
345
144
Charitable activities
5
2,258
17,959
Total expenditure
2,603
18,103
Net (expenditure)/income for the year/
Net movement in funds
(1,769)
6,520
Fund balances at 1 December 2023
25,135
18,615
Fund balances at 30 November 2024
23,366
25,135

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
SCHOOLS FOR KENYA
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 6 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
24,326
26,935
Creditors: amounts falling due within one year
9
(960)
(1,800)
Net current assets
23,366
25,135
Income funds
Unrestricted funds
23,366
25,135
23,366
25,135

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 20 August 2025
Mrs. D S Stephenson
Trustee
Company registration number 07432515
SCHOOLS FOR KENYA
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
1
Accounting policies
Charity information

Schools for Kenya is a private company limited by guarantee incorporated in England and Wales. The registered office is Alpha House, 4 Greek St, Stockport, Cheshire, SK3 8AB, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustee's have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to that 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.

SCHOOLS FOR KENYA
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 8 -
1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

There are no critical accounting estimates or judgements.

SCHOOLS FOR KENYA
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 9 -
3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
834
24,623
4
Raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
345
144
345
144
5
Charitable activities

Direct charitable

Direct charitable

Charity expenditure

Total
2023
2024
2023
2023
£
£
£
£

Donations

-
-
14,424
14,424

Travel

-
-
1,300
1,300
-
-
15,724
15,724
Share of support costs (see note 6)
590
627
-
627
Share of governance costs (see note 6)
1,668
1,608
-
1,608
2,258
2,235
15,724
17,959
SCHOOLS FOR KENYA
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 10 -
6
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£

Bank charges

86
-
86
116
-
116

Website

288
-
288
288
-
288

Donation platform charges

216
-
216
223
-
223
Legal and professional
-
1,668
1,668
-
1,608
1,608
590
1,668
2,258
627
1,608
2,235
Analysed between
Charitable activities
590
1,668
2,258
627
1,608
2,235

Governance costs includes payments to the accountants of £960 (2023- £900) for accountancy fees.

7
Employees

There were no employees during the year.

 

8
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
960
1,800
10
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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