NGWATA FRIENDS SELF HELP GROUP

AUDITED ACCOUNTS AND FINANCIAL STATEMENTS FOR THE

YEAR ENDED 30TH NOV 2017

ACCOUNTANT
JOEDAM BUSINESS CONCEPTS
NYAMBENE HOUSE 1ST FLR RM 34
P.O BOX 60751 00200
NAIROBI KENYA

NGWATA FRIENDS SELF HELP GROUP

AUDITED ACCOUNTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOV 2017

TABLE OF CONTENTS

CONTENT PAGE NO

1 GROUP INFORMATION 1

2 INCOME STATEMENT 2

3 BALANCE SHEET 3

4 LOAN ANALYSIS 4 - 6

5 MEMBERS SHARES ACCOUNT 7

6 MEMBERS SAVINGS ANALYSIS 8

7 SITTING CONTRIBUTION ACCOUNT 9

8 LATENESS AND ABSENTISM 10

9 LATE CONTRIBUTION ANALYSIS 11

NOTES TO THE ACCOUNTS OBSERVATIOS

10 AND RECOMEDATIONS 12 - 14
 NGWATA FRIENDS SELF HELP GROUP

AUDITED ACCOUNTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOV 2017

GROUP INFORMATION

GROUP NAME NGWATA FRIENDS SELF HELP GROUP

ADRESS P.O BOX 247 00519 MLOLONGO

MOBILE

REGISTERED OFFICE MLOLONGO

NUMBER OF MEMBERS 14

PRINCIPAL BANKER EQUITY BANK

KITENGELA BRANCH '070

ACCOUNT '0160785046

PERIOD OF AUDIT 01 DEC 2016 - 30 NOV 2017

AUDITOR OF THE YEAR JOEDAM BUSINESS CONCEPTS

NYAMBENE HOUSE 1ST FLR RM 34
P.O BOX 60751 00200
NAIROBI KENYA
page 1
 NGWATA FRIENDS SHG
INCOME AND EXPENDITURE STATEMENT
FOR THE YEAR ENDED 30th Nov 2017

FINANCIAL YEAR Dec 2016 -Nov 207

INCOME NOTES AMT (KES)
Operating Income 6 131,784.00
Other Income(Interest) 7 -

Gross Income 131,784.00

EXPENSES
Administration Expenses 8 13,100.00
Finance Cost 9 1,925.00

Total Expenses 15,025.00

Net Income before Tax 116,759.00

Tax Expenses -

Net Income for the Year 116,759.00

Ngwata friends SHG Financial Statements Authorised And Issued on ____/____/2017

And Signed on its behalf by:

Chairman Sign__________________ Date ____/____/2018

Treasurer Sign__________________ Date ____/____/2018

Audit Committee Member

Sign__________________ Date ____/____/2018
page 2
 NGWATA FRIENDS SHG
STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 30th Nov 2017

FINANCIAL
ASSETS YEAR Dec 2016 -Nov 207
NOTES AMT (KES)
Non- Current Assets
Land and buildings 3 675,800.00

Total Non-Current Assets 3 675,800.00

Current Assets
Cash and Cash equivalents 1 355,145.00
Accounts Receivables 5 427,800.00

Total Current Assets 782,945.00

TOTAL ASSETS 1,458,745.00

EQUITY AND LIABILITIES NOTES AMT (KES)

Liabilities
Accounts Payables 4 12,000.00

Financed By:
Share Capital a/c 853,800.00
members savings 541,073.00
Net Income 116,759.00

Total Equity and Liabilities 1,523,632.00

Ngwata Friends SHG Financial Statements Authorised And Issued on ____/____/2018

And Signed on its behalf by:

Chairman Sign__________________ Date ____/____/2018

Treasurer Sign__________________ Date ____/____/2018

Audit Committee Member Sign__________________ Date ____/____/2018

page 3
 NGWATA FRIENDS SHG
LOAN STATEMENTS

Member No NA001 Member Name Mr. & Mrs Francis Ongalo

Balance of loan interest loan inerest unpaid LOAN ISSUED IN 17/07/2016 NOT CLEARED AND
DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines FORWARDED
1/12/2017 opening balance - - 48,000.00
Dec-16 - - 48,000.00
Jan-17 48,000.00
Feb-17 48,000.00 800.00 fine on monthly repayment defaulted
Mar-17 48,000.00 800.00 fine on monthly repayment defaulted
Apr-17 48,000.00 800.00 fine on monthly repayment defaulted
May-17 48,000.00 800.00 fine on monthly repayment defaulted
Jun-17 - 48,000.00 800.00 fine on monthly repayment defaulted
Jul-17 48,000.00 - 4,800.00 800.00 Paid intrest for forwarded loan of 48000
Aug-17 48,000.00 520.00 fine on monthly repayment defaulted
Sep-17 48,000.00 520.00 fine on monthly repayment defaulted
Oct-17 48,000.00 520.00 fine on monthly repayment defaulted
Nov-17 5,000.00 43,000.00 520.00 fine on monthly repayment defaulted
- - 4,800.00 6,880.00

Member No NA002 Member Name Mr. & Mrs Edson Gwako

Balance of loan interest
DATE PATICULERS LOAN Taken loan Repaid loan fines paid
1/12/2017 opening balance - -
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17 NILL
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17

Member No NA003 Member Name Mr. & Mrs Mwire Ongeri

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance - 3,200.00
Dec-16 3,200.00 -
Jan-17 -
Feb-17 20,000.00 4,000.00 16,000.00 - 2,000.00
Mar-17 4,000.00 12,000.00
Apr-17 4,000.00 8,000.00
May-17 4,000.00 4,000.00
Jun-17 - 4,000.00 - 3,000.00
Jul-17 -
Aug-17 30,000.00 30,000.00
Sep-17 4,800.00 25,200.00
Oct-17 4,800.00 20,400.00
Nov-17 4,800.00 15,600.00 - 480.00
- 5,000.00 - 480.00

Member No NA004 Member Name Mr. & Mrs Ronald Ongata

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance - 48,500.00
Dec-16 7,800.00 40,700.00
Jan-17 40,700.00 620.00 fine on monthly repayment defaulted
Feb-17 40,700.00 620.00 fine on monthly repayment defaulted
Mar-17 40,700.00 620.00 fine on monthly repayment defaulted
Apr-17 40,700.00 620.00 fine on monthly repayment defaulted
May-17 40,700.00 - 4,070.00 520.00 intrest on loan forwarded
Jun-17 40,700.00 520.00 fine on monthly repayment defaulted
Jul-17 40,700.00 520.00 fine on monthly repayment defaulted
Aug-17 40,700.00 520.00 fine on monthly repayment defaulted
Sep-17 40,700.00 520.00 fine on monthly repayment defaulted
Oct-17 40,700.00 520.00 fine on monthly repayment defaulted
Nov-17 40,700.00 520.00 fine on monthly repayment defaulted
- - 4,070.00 6,120.00

Member No NA005 Member Name Mr. & Mrs Benard Mesa

Balance of loan interest
DATE PATICULERS LOAN Taken loan Repaid loan fines paid
1/12/2017 opening balance - -
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17 NILL
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
page 4 - - -
Member No NA006 Member Name Mr. & Mrs James Oduso

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance - - - -
Dec-16 -
Jan-17 30,000.00 30,000.00 3,000.00 intrest on new loan
Feb-17 30,000.00
Mar-17 3,000.00 27,000.00 480.00 fine on late monthly repayment
Apr-17 4,000.00 23,000.00 480.00 fine on late monthly repayment
May-17 5,000.00 18,000.00 480.00 fine on late monthly repayment
Jun-17 2,000.00 16,000.00 440.00 40.00 fine on late monthly repayment
Jul-17 5,000.00 11,000.00 480.00 fine on late monthly repayment
Aug-17 - 11,000.00 480.00 fine on late monthly repayment
Sep-17 5,000.00 6,000.00 1,100.00 480.00 intrest for loan forwarded and fine
Oct-17 55,000.00 6,500.00 54,500.00 5,000.00 intrest on new loan
Nov-17 - 6,200.00 48,300.00
1,880.00 9,100.00 - 1,480.00

Member No NA007 Member Name Mr. & Mrs Godfrey Nyakoe

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance - 11,720.00
Dec-16 11,720.00 4,080.00 340.00 340.00 fine on monthly repayment defaulted
Jan-17 11,720.00 340.00 fine on monthly repayment defaulted
Feb-17 11,720.00 340.00 fine on monthly repayment defaulted
Mar-17 11,720.00 1,000.00 fine on monthly repayment defaulted
Apr-17 11,720.00 340.00
May-17 11,720.00 340.00 fine on monthly repayment defaulted
Jun-17 11,720.00 1,000.00 fine on monthly repayment defaulted
Jul-17 11,720.00 340.00 fine on monthly repayment defaulted
Aug-17 11,720.00 340.00 fine on monthly repayment defaulted
Sep-17 3,000.00 8,720.00 1,000.00 340.00 fine on monthly repayment defaulted
Oct-17 8,720.00 340.00 fine on monthly repayment defaulted
Nov-17 8,720.00 340.00 fine on monthly repayment defaulted
4,080.00 340.00 3,000.00 3,400.00

Member No NA008 Member Name Mr. & Mrs Hesbon Arati

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance 11,200.00 1,120.00 intrest on loan forwaded
Dec-16 11,200.00 380.00 unpaid fine for date default
Jan-17 11,200.00 - 380.00 unpaid fine for date default
Feb-17 30,000.00 30,000.00 3,000.00 intrest on new loan
Mar-17 30,000.00 480.00 unpaid fine for date default
Apr-17 30,000.00 480.00 unpaid fine for date default
May-17 10,000.00 20,000.00
Jun-17 20,000.00 480.00 unpaid fine for date default
Jul-17 5,000.00 15,000.00
Aug-17 15,000.00 480.00 unpaid fine for date default
Sep-17 15,000.00 1,500.00 480.00 unpaid
Oct-17 10,000.00 5,000.00
Nov-17 5,000.00 unpaid fines
1,120.00 4,500.00 - 3,160.00

Member No NA009 Member Name Mr. & Mrs Evans Ongubo

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance - 20,000.00 -
Dec-16 4,000.00 16,000.00
Jan-17 4,000.00 12,000.00
Feb-17 4,000.00 8,000.00
Mar-17 4,000.00 4,000.00
Apr-17 4,000.00 -
May-17 -
Jun-17 -
Jul-17 -
Aug-17 30,000.00 30,000.00 3,000.00 intrest on new loan
Sep-17 6,000.00 24,000.00
Oct-17 5,000.00 19,000.00
Nov-17 5,000.00 14,000.00
- 3,000.00 - -

Member No NA010 Member Name Mr. & Mrs Isaac Mayieka

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance 26,000.00
Dec-16 2,600.00 420.00 intrest on loan forwaded upto April 2017
Jan-17 420.00 unpaid fine for date default
Feb-17 420.00 unpaid fine for date default
Mar-17 420.00 unpaid fine for date default
Apr-17 420.00 unpaid fine for date default
May-17 2,600.00 420.00 intrest on loan forward from may
Jun-17 420.00 intrest on loan forward from may
Jul-17 420.00 intrest on loan forward from may
Aug-17 420.00 intrest on loan forward from may
Sep-17 420.00 intrest on loan forward from may
Oct-17 420.00 intrest on loan forward from may
 intrest on loan forwarded for 6 months from
Nov-17 2,600.00 420.00 Nov 2017
page 5 - - 7,800.00 5,040.00
Member No NA011 Member Name Mr. & Mrs George Omangi

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance 15,000.00 - loan forwarded from from Nov
Dec-16 fine on loan defoulted and forwaded
Jan-17 380.00
Feb-17 380.00
Mar-17 380.00
Apr-17 380.00 1,500.00 intrest on load forwaded
May-17 380.00
Jun-17 380.00
Jul-17 380.00
Aug-17 1,500.00 intrest on loan forwarded
Sep-17 380.00
Oct-17 380.00
Nov-17 380.00
3,800.00 - 3,000.00 -

Member No NA012 Member Name Mr. & Mrs Robert Mogaka

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance - - -
Dec-16 - - -
Jan-17 - - -
Feb-17 - - -
Mar-17 - - -
Apr-17 - - -
May-17 - - -
Jun-17 - - -
Jul-17 - - -
Aug-17 - - -
Sep-17 loan isued 20,000.00 - 20,000.00 2,000.00 intrest on new loan
Oct-17 - - 20,000.00
Nov-17 - - 20,000.00 400.00
400.00 2,000.00 - -

Member No NA013 Member Name Mr. & Mrs Denis Opiyo

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance 100,000.00 1,094.00
Dec-16 10,000.00 90,000.00
Jan-17 90,000.00 920.00
Feb-17 90,000.00 920.00
Mar-17 90,000.00 920.00
Apr-17 90,000.00 920.00
May-17 90,000.00 920.00
Jun-17 90,000.00 920.00
Jul-17 90,000.00 920.00
Aug-17 90,000.00 9,000.00 fynes and interest paid is 18000
Sep-17 90,000.00 880.00
Oct-17 90,000.00 880.00
Nov-17 4,000.00 86,000.00 880.00 to pay from savings fynes 1174
10,174.00 9,000.00 - -

Member No NA014 Member Name Mr. & Mrs Austine Kyalo

Balance of loan interest loan inerest unpaid

DATE PATICULERS LOAN Taken loan Repaid loan paid fines paid not paid fines
1/12/2017 opening balance 80,000.00
Dec-16 80,000.00 800.00
Jan-17 80,000.00 800.00
Feb-17 10,000.00 70,000.00 800.00
Mar-17 70,000.00 800.00
Apr-17 5,000.00 65,000.00 800.00
May-17 65,000.00 800.00
Jun-17 65,000.00 800.00
Jul-17 5,000.00 60,000.00 800.00
Aug-17 60,000.00 800.00
Sep-17 60,000.00 800.00
Oct-17 60,000.00 6,000.00 intrest on loan forwarded
Nov-17 5,000.00 55,000.00 660.00
8,660.00 - 6,000.00 -

Member No NA015 Member Name Mr. & Mrs Denis Ogata

Balance of loan interest
DATE PATICULERS LOAN Taken loan Repaid loan fines paid
1/12/2017 opening balance 35,000.00
Dec-16
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
page 6
 NGWATA FRIENDS SHG
SHARES

Total Shares Total

Membe SAVING AS AT con in the cummulative Expected- (New shares
r No Member Name 01/12/2016 Dec-16 Jan-17 Feb-17 Apr-17 May-17 Jun-17 Jul-17 Sep-17 Oct-17 Nov-17 year shares as at 01/12/2017) deficit
stdd amount 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 From Savings
NA001 Mr. & Mrs Francis Ongalo 50,920.00 - - - 500.00 500.00 500.00 500.00 500.00 - 750.00 500.00 3,750.00 54,670.00 56,920.00 2,250.00
NA002 Mr. & Mrs Edson Gwako 50,920.00 500.00 500.00 500.00 650.00 500.00 - - - 500.00 500.00 - 3,650.00 54,570.00 56,920.00 2,350.00
NA003 Mr. & Mrs Mwire Ongeri 50,920.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 5,500.00 56,420.00 56,920.00 500.00
NA004 Mr. & Mrs Ronald Ongata 51,920.00 1,000.00 - - 1,000.00 750.00 - - - 500.00 500.00 - 3,750.00 55,670.00 56,920.00 1,250.00
NA005 Mr. & Mrs Benard Mesa 50,920.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 6,000.00 56,920.00 56,920.00 -
NA006 Mr. & Mrs James Oduso 50,920.00 500.00 500.00 500.00 500.00 500.00 - 500.00 1,000.00 500.00 500.00 500.00 5,500.00 56,420.00 56,920.00 500.00
NA007 Mr. & Mrs Godfrey Nyakoe 50,920.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - - 1,000.00 500.00 4,500.00 55,420.00 56,920.00 1,500.00
NA008 Mr. & Mrs Hesbon Arati 50,920.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 - 500.00 - 4,500.00 55,420.00 56,920.00 1,500.00
NA009 Mr. & Mrs Evans Ongubo 50,920.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 - 1,500.00 500.00 6,000.00 56,920.00 56,920.00 -
NA010 Mr. & Mrs Isaac Mayieka 50,920.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 1,000.00 500.00 500.00 5,000.00 55,920.00 56,920.00 1,000.00
NA011 Mr. & Mrs George Omangi 50,920.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 5,500.00 56,420.00 56,920.00 500.00
NA012 Mr. & Mrs Robert Mogaka 50,920.00 - 1,000.00 500.00 500.00 500.00 - - 1,500.00 500.00 - 1,000.00 5,500.00 56,420.00 56,920.00 500.00
NA013 Mr. & Mrs Denis Opiyo 52,420.00 660.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 6,160.00 58,580.00 56,920.00 (1,660.00)
NA014 Mr. & Mrs Austine Kyalo 51,920.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 6,000.00 57,920.00 56,920.00 (1,000.00)
NA015 Mr. & Mrs Denis Ogata 46,820.00 - - - - - - - - - 46,820.00 56,920.00 10,100.00
763,200.00 6,660.00 6,000.00 6,000.00 7,650.00 6,250.00 5,000.00 5,500.00 7,000.00 7,000.00 8,250.00 6,000.00 71,310.00 834,510.00 853,800.00 19,290.00

page 7
 NGWATA FRIENDS SHG
MONTHLY MEMBERS SAVINGS

SAVING AS Total savings Total

Membe AT con in the cummulative
r No Member Name 01/12/2016 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 year savings
stdd amount 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00
NA001 Mr. & Mrs Francis Ongalo 55,647.00 - - - 500.00 500.00 500.00 500.00 500.00 - 750.00 500.00 3,750.00 59,397.00
NA002 Mr. & Mrs Edson Gwako (1,308.00) 500.00 500.00 500.00 650.00 500.00 - - - 500.00 500.00 - 3,650.00 2,342.00
NA003 Mr. & Mrs Mwire Ongeri 32,264.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 5,500.00 37,764.00
NA004 Mr. & Mrs Ronald Ongata 12,550.00 1,000.00 - - 1,000.00 750.00 - - - 500.00 500.00 - 3,750.00 16,300.00
NA005 Mr. & Mrs Benard Mesa 39,050.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 6,000.00 45,050.00
NA006 Mr. & Mrs James Oduso 30,144.00 500.00 500.00 500.00 500.00 500.00 - 500.00 1,000.00 500.00 500.00 500.00 5,500.00 35,644.00
NA007 Mr. & Mrs Godfrey Nyakoe 13,884.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - - 1,000.00 500.00 4,500.00 18,384.00
NA008 Mr. & Mrs Hesbon Arati 28,995.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 - 500.00 - 4,500.00 33,495.00
NA009 Mr. & Mrs Evans Ongubo 10,866.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 - 1,500.00 500.00 6,000.00 16,866.00
NA010 Mr. & Mrs Isaac Mayieka 3,210.00 500.00 - 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 5,500.00 8,710.00
NA011 Mr. & Mrs George Omangi 16,146.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 5,500.00 21,646.00
NA012 Mr. & Mrs Robert Mogaka 45,204.00 - 1,000.00 500.00 500.00 500.00 - 1,500.00 500.00 - 1,000.00 5,500.00 50,704.00
NA013 Mr. & Mrs Denis Opiyo 107,760.00 660.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 6,160.00 113,920.00
NA014 Mr. & Mrs Austine Kyalo 53,012.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 1,000.00 500.00 500.00 6,000.00 59,012.00
NA015 Mr. & Mrs Denis Ogata - - - - - - - - - - - - - -
447,424.00 6,660.00 6,000.00 6,000.00 7,650.00 6,750.00 5,000.00 5,500.00 7,000.00 - 7,000.00 8,250.00 6,000.00 71,810.00 519,234.00

Total
Membe cummulativ
r No Member Name e Savings LESS Adjustments Divideds

Total
Divided/ ADJUSTED
Late Total tatal savings Saving
as at Late and Shares Sitting contributi Loan Adjustment Saving after Deductions x Members Balance afyer
stdd amount 01/12/2016 Absentism deficit deficit on Fines Loan fines Interests s as at 30/11/2017 saving Divideds
NA001 Mr. & Mrs Francis Ongalo 59,397.00 450.00 2,250.00 - 600.00 6,880.00 4,800.00 14,980.00 44,417.00 11,647.53 56,064.53
NA002 Mr. & Mrs Edson Gwako 2,342.00 400.00 2,350.00 500.00 500.00 - - 3,750.00 (1,408.00) - (1,408.00)
NA003 Mr. & Mrs Mwire Ongeri 37,764.00 400.00 500.00 - 100.00 480.00 - 1,480.00 36,284.00 9,514.80 45,798.80
NA004 Mr. & Mrs Ronald Ongata 16,300.00 1,200.00 1,250.00 2,000.00 800.00 6,120.00 4,070.00 15,440.00 860.00 225.52 1,085.52
NA005 Mr. & Mrs Benard Mesa 45,050.00 - - - 100.00 - - 100.00 44,950.00 11,787.30 56,737.30
NA006 Mr. & Mrs James Oduso 35,644.00 - 500.00 - 200.00 1,480.00 - 2,180.00 33,464.00 8,775.31 42,239.31
NA007 Mr. & Mrs Godfrey Nyakoe 18,384.00 1,200.00 1,500.00 2,000.00 400.00 3,400.00 3,000.00 11,500.00 6,884.00 1,805.20 8,689.20
NA008 Mr. & Mrs Hesbon Arati 33,495.00 400.00 1,500.00 - 300.00 3,160.00 - 5,360.00 28,135.00 7,377.88 35,512.88
NA009 Mr. & Mrs Evans Ongubo 16,866.00 400.00 - 500.00 200.00 - - 1,100.00 15,766.00 4,134.34 19,900.34
NA010 Mr. & Mrs Isaac Mayieka 8,710.00 400.00 1,000.00 500.00 200.00 5,040.00 7,800.00 14,940.00 (6,230.00) - (6,230.00)
NA011 Mr. & Mrs George Omangi 21,646.00 800.00 500.00 - 100.00 - 3,000.00 4,400.00 17,246.00 4,522.44 21,768.44
NA012 Mr. & Mrs Robert Mogaka 50,704.00 1,000.00 500.00 500.00 400.00 - - 2,400.00 48,304.00 12,666.82 60,970.82
NA013 Mr. & Mrs Denis Opiyo 113,920.00 250.00 (1,660.00) - 100.00 - - (1,310.00) 115,230.00 30,216.91 145,446.91
NA014 Mr. & Mrs Austine Kyalo 59,012.00 200.00 (1,000.00) - 100.00 - 6,000.00 5,300.00 53,712.00 14,084.97 67,796.97
NA015 Mr. & Mrs Denis Ogata - 2,000.00 10,100.00 - 1,200.00 - - 13,300.00 (13,300.00) - (13,300.00)
519,234.00 9,100.00 19,290.00 6,000.00 5,300.00 26,560.00 28,670.00 94,920.00 424,314.00 116,759.00 541,073.00
445,252.00
page 8
 NGWATA FRIENDS SHG
MEETINGS ABSENTISM AND PENALTIES 2016/2017

Bal unpaid
(charged
Member Total Amount from
No Member Name Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 penalties paid savings)
stdd amount 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
NA001 Mr. & Mrs Francis Ongalo - 200.00 200.00 - - - - - - - - 400.00 - 400.00
NA002 Mr. & Mrs Edson Gwako - - 200.00 - - - 200.00 - - - - - 400.00 - 400.00
NA003 Mr. & Mrs Mwire Ongeri - - - 200.00 - - 200.00 - - - - - 400.00 - 400.00
NA004 Mr. & Mrs Ronald Ongata 200.00 200.00 200.00 - - - 200.00 200.00 200.00 - - 200.00 1,400.00 - 1,400.00
NA005 Mr. & Mrs Benard Mesa - - - - - - - - - - - - - - -
NA006 Mr. & Mrs James Oduso - 200.00 - 200.00 200.00 - - - - - - - 600.00 - 600.00
NA007 Mr. & Mrs Godfrey Nyakoe - - - - 200.00 - 200.00 200.00 200.00 - 200.00 200.00 1,200.00 - 1,200.00
NA008 Mr. & Mrs Hesbon Arati 200.00 - - - - - - - - - - 200.00 400.00 - 400.00
NA009 Mr. & Mrs Evans Ongubo - - - - - - - 200.00 200.00 - - 200.00 600.00 - 600.00
NA010 Mr. & Mrs Isaac Mayieka - - - - - - 200.00 - 200.00 - - - 400.00 - 400.00
NA011 Mr. & Mrs George Omangi 200.00 200.00 - 200.00 - - - - - - - 200.00 800.00 - 800.00
NA012 Mr. & Mrs Robert Mogaka 200.00 - 200.00 200.00 200.00 - 200.00 - - - 200.00 - 1,200.00 - 1,200.00
NA013 Mr. & Mrs Denis Opiyo 200.00 - 200.00 200.00 - - - 200.00 - - 200.00 - 1,000.00 200.00 800.00
NA014 Mr. & Mrs Austine Kyalo - - - - - 200.00 - 200.00 - - - 400.00 200.00 200.00
NA015 Mr. & Mrs Denis Ogata 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,400.00 - 2,400.00
1,200.00 1,000.00 1,000.00 1,400.00 800.00 200.00 1,600.00 1,000.00 1,200.00 200.00 800.00 1,200.00 11,600.00 400.00 11,200.00

NGWATA FRIENDS SHG

MONTHLY SITTING CONTRIBUTION

Deficit
(Charged
Member from
No Member Name Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Total Expected Savings)
stdd amount 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00
NA001 Mr. & Mrs Francis Ongalo 500.00 - 1,000.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA002 Mr. & Mrs Edson Gwako 500.00 500.00 500.00 500.00 500.00 - - 500.00 - 500.00 500.00 500.00 4,500.00 5,000.00 500.00
NA003 Mr. & Mrs Mwire Ongeri 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA004 Mr. & Mrs Ronald Ongata 500.00 - - 500.00 500.00 - - - - 1,000.00 500.00 - 3,000.00 5,000.00 2,000.00
NA005 Mr. & Mrs Benard Mesa 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA006 Mr. & Mrs James Oduso 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA007 Mr. & Mrs Godfrey Nyakoe 500.00 500.00 500.00 500.00 - - 500.00 - - - - 500.00 3,000.00 5,000.00 2,000.00
NA008 Mr. & Mrs Hesbon Arati 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA009 Mr. & Mrs Evans Ongubo 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - - 500.00 500.00 4,500.00 5,000.00 500.00
NA010 Mr. & Mrs Isaac Mayieka 500.00 - 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 4,500.00 5,000.00 500.00
NA011 Mr. & Mrs George Omangi 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA012 Mr. & Mrs Robert Mogaka - 1,000.00 500.00 500.00 500.00 - - 500.00 - 500.00 - 1,000.00 4,500.00 5,000.00 500.00
NA013 Mr. & Mrs Fdenis Opiyo 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA014 Mr. & Mrs Austine Kyalo 500.00 500.00 500.00 500.00 500.00 - 500.00 500.00 - 500.00 500.00 500.00 5,000.00 5,000.00 -
NA015 Mr. & Mrs Denis Ogata - - - - - - - - - - - - - -
6,500.00 6,000.00 7,000.00 7,000.00 6,500.00 - 5,500.00 6,000.00 - 6,500.00 6,000.00 7,000.00 - 64,000.00 70,000.00 6,000.00

page 9
 NGWATA FRIENDS SHG
MEETING LATE ATTENDANCE 2016/2017

outstanding
Member DEC LATE Total Amount (Charged
No Member Name FINE Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 Jun-17 Jul-17 Sep-17 Oct-17 Nov-17 penalties paid from Savings)
stdd amount 50 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00
NA001 Mr. & Mrs Francis Ongalo 50 200.00 200.00 450.00 450.00
NA002 Mr. & Mrs Edson Gwako 200.00 200.00 400.00 400.00
NA003 Mr. & Mrs Mwire Ongeri 200.00 200.00 400.00 400.00
NA004 Mr. & Mrs Ronald Ongata 200.00 200.00 200.00 200.00 200.00 200.00 1,200.00 1,200.00
NA005 Mr. & Mrs Benard Mesa - -
NA006 Mr. & Mrs James Oduso - -
NA007 Mr. & Mrs Godfrey Nyakoe 200.00 200.00 200.00 200.00 200.00 200.00 1,200.00 1,200.00
NA008 Mr. & Mrs Hesbon Arati 200.00 200.00 400.00 400.00
NA009 Mr. & Mrs Evans Ongubo 200.00 200.00 400.00 400.00
NA010 Mr. & Mrs Isaac Mayieka 200.00 200.00 400.00 400.00
NA011 Mr. & Mrs George Omangi 200.00 200.00 200.00 200.00 800.00 800.00
NA012 Mr. & Mrs Robert Mogaka 200.00 200.00 200.00 200.00 200.00 1,000.00 1,000.00
NA013 Mr. & Mrs Denis Opiyo 50 200.00 200.00 450.00 200 250.00
NA014 Mr. & Mrs Austine Kyalo 200.00 200.00 400.00 200 200.00
NA015 Mr. & Mrs Denis Ogata 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,000.00 2,000.00
100.00 1,000.00 800.00 800.00 1,000.00 400.00 1,600.00 1,000.00 1,000.00 800.00 1,000.00 9,500.00 9,100.00

NGWATA FRIENDS SHG

WELFARE ACCOUNT
Member
No Member Name TARGET Amount paid Deficit
stdd amount 0
NA001 Mr. & Mrs Francis Ongalo 5000 3,000.00 2,000.00
NA002 Mr. & Mrs Edson Gwako 5000 3,000.00 2,000.00
NA003 Mr. & Mrs Mwire Ongeri 5000 1,000.00 4,000.00
NA004 Mr. & Mrs Ronald Ongata 5000 - 5,000.00
NA005 Mr. & Mrs Benard Mesa 5000 3,000.00 2,000.00
NA006 Mr. & Mrs James Oduso 5000 3,000.00 2,000.00
NA007 Mr. & Mrs Godfrey Nyakoe 5000 1,000.00 4,000.00
NA008 Mr. & Mrs Hesbon Arati 5000 2,000.00 3,000.00
NA009 Mr. & Mrs Evans Ongubo 5000 3,000.00 2,000.00
NA010 Mr. & Mrs Isaac Mayieka 5000 1,000.00 4,000.00
NA011 Mr. & Mrs George Omangi 5000 3,000.00 2,000.00
NA012 Mr. & Mrs Robert Mogaka 5000 2,500.00 2,500.00
NA013 Mr. & Mrs Denis Opiyo 5000 5,000.00 -
NA014 Mr. & Mrs Austine Kyalo 5000 2,000.00 3,000.00
NA015 Mr. & Mrs Denis Ogata 0 - -
70,000.00 32,500.00 37,500.00

page 10
 NGWATA FRIENDS SHG
MEETING LATE ATTENDANCE 2016/2017

outstanding
Member Total Amount (Charged
No Member Name Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 penalties paid from Savings)
fine 10% of the Monthly cont
NA001 Mr. & Mrs Francis Ongalo 100.00 100.00 100.00 100.00 100.00 100.00 600.00 600.00
NA002 Mr. & Mrs Edson Gwako 100.00 100.00 100.00 100.00 100.00 500.00 500.00
NA003 Mr. & Mrs Mwire Ongeri 100.00 100.00 100.00
NA004 Mr. & Mrs Ronald Ongata 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 800.00 800.00
NA005 Mr. & Mrs Benard Mesa 100.00 100.00 100.00
NA006 Mr. & Mrs James Oduso 100.00 100.00 200.00 200.00
NA007 Mr. & Mrs Godfrey Nyakoe 100.00 100.00 100.00 100.00 400.00 400.00
NA008 Mr. & Mrs Hesbon Arati 100.00 100.00 100.00 300.00 300.00
NA009 Mr. & Mrs Evans Ongubo 100.00 100.00 200.00 200.00
NA010 Mr. & Mrs Isaac Mayieka 100.00 100.00 200.00 200.00
NA011 Mr. & Mrs George Omangi 100.00 100.00 100.00
NA012 Mr. & Mrs Robert Mogaka 100.00 100.00 100.00 100.00 400.00 400.00
NA013 Mr. & Mrs Denis Opiyo 100.00 100.00 - 100.00
NA014 Mr. & Mrs Austine Kyalo 100.00 100.00 - 100.00
NA015 Mr. & Mrs Denis Ogata 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00 1,200.00
300.00 400.00 300.00 300.00 200.00 500.00 400.00 400.00 1,500.00 500.00 100.00 400.00 5,300.00 5,300.00

page 11
 NGWATA FRIENDS SHG
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th Nov 2017

1 Equity
DATE PARTICULARS DR
Members Shares 853,800.00

Members Savings 541,073.00

2 Cash at Bank
Equity bank Balance as at 30/11/2017 355,145.00
other Deposits -
Total 355,145.00

Total Cash and Cash Equivalents 355,145.00

3 Nwata friends Investment

PHASE 3 PLOT Cost 312,800

KISAJU PLOT Land payment to njoroge 363,000
675,800.00
Preliminary Expenses
Group registration cert renewal 1,100.00

1,100.00

Total 676,900.00

4 Accounts Payable
Accounting Fees 12,000.00
12,000.00

5 Accounts Receivable
Accrued Members Deposits (Debtors)
Mr. & Mrs. Francis Ogaro 43,000.00
Mr. & Mrs. Edson Gwako -
Mr.& Mrs. Mwire Ongeri 15,600.00
Mr.& Mrs. Ronald Ogata 40,700.00
Mr.& Mrs. Benard Mesa -
Mr.& Mrs. James Onduso 48,300.00
Mr.& Mrs. Godfrey Nyakoe 15,200.00
Mr.& Mrs. Esbon Arati -
Mr.& Mrs. Evans Ongubo 14,000.00
Mr.& Mrs. Isaack Mayieka 26,000.00
Mr.& Mrs. George Omangi 15,000.00
Mr.& Mrs. Robert Mogaka 20,000.00
Mr.& Mrs. Denis Opiyo 100,000.00
Mr.& Mrs. Austine Kyalo 55,000.00
Mr.& Mrs. Denis Ogata 35,000.00
Totals 427,800.00
6 Operating Income
Late and absentism penalties 11,200.00
Late contribution penalties 5,300.00
Intrest on loan 58,610.00
Loan fynes 56,674.00
Bank deposit interest -
Total 131,784.00

Total Income 131,784.00

7 Finance Costs
Bank service Charges 1,925.00
Mpesa Transaction Charges -
Total 1,925.00

Total Expenses #VALUE!

9 OBSERVATIONS
1. LOANS
1 The credit committee records and books are not well maintained. The loan book is not updated at all
2 Mr Francis Ogaro loan repayment is indicated as 4000 in the ledger and 5000 in the ledger. We adopted 5000 becouse
there is an evident of deposit of ksh 5,000/

3 The loan cheque issued to Mr Oduso of ksh, 47620 was more than what was supposed to be given after deducting
fines and interest. The correct amount was to be 46140. Amount of 1480 unpaid fynes has been charged on savings

4 George Nyakoe loan balance in the passbook is not correct. We adopted the Ceredit committee figures

5 Linet Arati paid 10,000 in october 2017 but the figure has not been updated in the passbook.
Prepared by: Joseph karinge (Joedam Business Concepts)

Treasurer Sign__________________ Date ____/____/2018