THE KANYIKE PROJECT
The charitable trust has been established to ensure that the work commenced by Father Kakuba Kapia and Sister Joan Yates to raise funds for Mpigi District of Uganda can be sustained in the future.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £2,708 for the year, reducing its total funds from £25,283 to £22,575. The trustees note that the project's future remains susceptible to the ability to restore fundraising activities, which have been impacted by the economic downturn and global events. Despite these pressures, the charity maintained its operations in Uganda through a scaled-down funding model and the use of reserve funds.
What the accounts disclose
“With all the challenges around, Covid, War and the economic downturn however, these funds have had to be utilised to cover the everyday running of the Project.”
“The future of the Project will remain susceptible to being able to restore fund raising activities within the near future.” — page 4
Trustees
- MAURICE HENNESSEYchair
- ALICE ROCHESTER TOUNKARA
- Estelle Lauren Kessi
- Georgina Quayle
- MARY FENTON
- Pamela Mary Major
- Sandra O'Mahoney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £44k |
| 31/12/2023 | £48k | £37k |
| 31/12/2022 | £26k | £31k |
| 31/12/2021 | £37k | £35k |
| 31/12/2020 | £36k | £44k |
Common questions
Is THE KANYIKE PROJECT financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £2,708 for the year, reducing its total funds from £25,283 to £22,575. The trustees note that the project's future remains susceptible to the ability to restore fundraising activities, which have been impacted by the economic downturn and global events. Despite these pressures, the charity maintained its operations in Uganda through a scaled-down funding model and the use of reserve funds. Its FY2024 accounts were independently examined.