| |
THE
RHINO ARK CHARITABLE TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2007
(In Kenyan Shillings
) |
|
2007 |
2006 |
INCOME: |
|
|
| Rhino Charge collections |
58,876,774 |
52,064,149 |
Other donations |
13,761,839 |
8,884,150 |
Interest income |
284,987 |
256,661 |
Other income |
1,233,031 |
527,750 |
|
74,156,631 |
61,732,710 |
| |
|
|
EXPENDITURE: |
|
|
Project Expenses |
24,360,230 |
55,907,467 |
Fund-raising expenses |
13,293,622 |
11,798,344 |
Administrative expenses & General expenses |
14,948,673 |
14,157,538 |
|
52,602,525 |
81,863,349 |
FinanceExpenses |
|
|
Foreign exchange loss |
(883) |
(1,263,141) |
DEFICIT FOR THE YEAR |
21,552,223 |
(21,393,780) |
| |
|
|
| |
|
|
NON CURRENT ASSETS |
|
|
Property and equipment |
8,443,152 |
9,296,828 |
|
|
|
CURRENT ASSETS |
|
|
Investments in Treasury bills |
|
- |
Receivables |
429,015 |
5,455,758 |
Cash and bank balances |
|
7,330,061 |
|
|
12,785,819 |
TOTAL ASSETS |
|
22,082,647 |
|
|
|
CURRENT LIABILITIES |
|
|
Trade and other payables |
17,006,496 |
34,023,215 |
|
|
|
NET ASSETS |
9,612,655 |
(11,940,568) |
| |
|
|
GENERAL FUND |
|
|
Fence maintenance reserve |
|
15,779,436 |
Fence construction |
|
27,720,004 |
|
9,612,655 |
(11,940,568) |
| |
|
|
|
|
| |
|
