The Kisomo Foundation
Nyumbani UK & The Hotcourses Foundation provides education to orphaned and vulnerable children in Kenya, pulling them out of poverty and the worst start in life, to empower and give them a future through education. We provide funding to a school for over 520 children in one of Nairobi's informal settlements and we have a scholarship programme for some of the most vulnerable students in Kenya.
Financial health, per its FY2024 accounts
The accounts state that the charity's financial position is healthy, with total funds carried forward increasing to £6,778,113 from £6,242,226 in the prior year. This growth was driven by a net income of £535,887, largely resulting from £603,261 in net gains on investments. The charity maintains unrestricted reserves of £6,769,208, which significantly exceed its stated policy target of six months' expenditure.
What the accounts disclose
“Investment income 156,311”
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six months expenditure.” — page 4
Register events
- Received assets from another charity (07/03/2023)
Trustees
- David Grunberg
- Lisa Digrandi
- MICHAEL GRAEME ELMS
- Peter Wilson
- SIMON JAMES CLEAVER
- Sally Patterson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2024 | £167k | £234k |
| 30/12/2023 | £160k | £91k |
| 30/12/2022 | £207k | £156k |
| 30/12/2021 | £336k | £475k |
| 30/12/2020 | £351k | £239k |
Common questions
Is The Kisomo Foundation financially healthy?
Per its FY2024 accounts: The accounts state that the charity's financial position is healthy, with total funds carried forward increasing to £6,778,113 from £6,242,226 in the prior year. This growth was driven by a net income of £535,887, largely resulting from £603,261 in net gains on investments. The charity maintains unrestricted reserves of £6,769,208, which significantly exceed its stated policy target of six months' expenditure. Its FY2024 accounts were independently examined.
Funders of similar charities
Charities like this
- THE KISUMU CHILDREN TRUST
- NAKURU CHILDREN'S PROJECT
- WIDOWS AND ORPHANS IN RURAL KENYA (W.O.R.K)
- THE GOOD LIFE ORPHANAGE & SBM SCHOOL
- KENYA CHILDREN CENTRES
- Empowering Kids in Kenya
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Kisomo Foundation | £167k | — | 0 | above | — | no doubt |
| THE KISUMU CHILDREN TRUST | £225k | — | 0 | unclear | — | no doubt |
| NAKURU CHILDREN'S PROJECT | £219k | — | 0 | below | — | no doubt |
| WIDOWS AND ORPHANS IN RURAL KENYA (W.O.R.K) | £134k | — | 0 | unclear | — | no doubt |
| THE GOOD LIFE ORPHANAGE & SBM SCHOOL | £351k | — | — | unclear | — | noted |
| KENYA CHILDREN CENTRES | £142k | — | 0 | above | — | no doubt |