Annual report & accounts 2012/13 online
Sentebale’s financial year ended on 31st August 2013. This year’s report and accounts show continued success and growth for the charity.
The Financial Statement showed that Sentebale increased income raised from £2.414million in 2011/12 to £3.212million in 2012/13 showing a rise of 33%.
As part of our plans to scale up our effectively proven Mamohato programme – which provides psychosocial support to children living with HIV through week-long camps and monthly network clubs – we launched a capital appeal to build the Mamohato Children’s Centre, a £2.2million project. Represented in our total income raised for the financial year ended on the 31st August 2013 we had reached half our target of funding the Mamohato Children’s Centre. Of this £3.212million, £611K will be received in 2013/14 and is restricted to the construction of the Centre in 2013/14 and will be recognised in that accounting period. We are proud to announce that the project is now fully funded.
The total resources expended in the year were £2.293million. The amount spent on charitable activities was £1.595million. Actual charitable expenditure in Lesotho, in local currency, increased by 16%. This increase has been offset by a GBP gain in exchange rates of 14% in the period.
Support costs for the financial year ended 31st August 2013 saw a decrease of 24%, despite the organisation gearing up for expansion.
Cathy Ferrier, CEO said:
“I am delighted with the progress that has been made this year, with the Sentebale team working hard to make sure we reach as many children as possible and provide the care and support they need. We are also pleased to have raised the necessary funds to progress with the Mamohato Children’s Centre which will be built in 2014 and will allow us to expand the programme, providing care for many more children living with HIV.”
Philip Green, Chairman, Board of Trustees said:
“Under Cathy’s leadership, the team at Sentebale has had a very successful year. I am enormously grateful for all their hard word and commitment; I would like to thank them as well as our supporters and partners for delivering this period of growth for the benefit of the disadvantaged young people of Lesotho”