Our Finances - 2022

We are fully committed to financial transparency. The Trust’s financial position continues to be stable and positive in support of current objectives, albeit the numbers of scholars supported are less than in previous years. Despite the tight economic circumstances and the impact of the Coronavirus pandemic, support from loyal sponsors and donors has held up, although the Trust aspires to broaden the donor base more widely.

Over £65,354, including interest, has been raised during the year thanks to the very generous support of many sponsors and which enabled a further £10,408 to be reclaimed via Gift Aid.  Administrative costs remain very low and the Trust continues to adopt the most economic approach to provide its services. Overall funds remain sufficient, based on current assumptions regarding donations and risk, to fund all present scholars through to the completion of their studies and leave a potential surplus for other charity objectives.

Risks faced by the charity are both financial and operational. The former includes adverse currency exchange movements and inflation levels in Kenya, both of which are outside the control of the Trust. 

Reserved funds were expended on the following special projects:

• Support to the Woodard Langalanga Secondary School (WLSS).
• The 'Lunchbox Feeding Programme'.
• Scholars supported by the Audrey Leitch's legacy.
• Funds to support the Langalanga Scholar Professionals Association (LLSPA).

As in prior years, the accounts were reviewed by an independent examiner and no issues arose. The accounts are published alongside the general report to the Charity Commission website with full details included here for those keen to understand more: 

Langalanga Trust