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Public financeGazette notice

Gazette Notice No. 3998 of 2025

The Board of Directors of the Unclaimed Financial Assets Authority publishes audited financial results for the Unclaimed Financial Assets Trust Fund.

Official PDF · 2.5 MB

Whole issue, from Kenya Law. This notice starts on printed page 1380.

AI-extractedAgreement between models, not verified accuracy.

What the notice says

  1. Financial statement

    Link
    Issuing authority
    Board of Directors of the Unclaimed Financial Assets Authority (Publishes the extract and approved the financial statements.)
    Body
    Unclaimed Financial Assets Authority (Manages and operates the Fund and absorbs its expenses.), Unclaimed Financial Assets Trust Fund (Fund whose audited financial results are published.), National Treasury
    Investment approving authority
    Cabinet Secretary, National Treasury
    Securities issuer
    Central Bank of Kenya (Issues Treasury Bills and Bonds.)
    Auditor
    Office of the Auditor-General
    Office
    Chairman, UFAA, CEO/Managing Trustee
    Place
    Westlands (Location of the Authority's Head Office.), Pacis Centre (Location of the Authority's Head Office.), Slip Road (Address of the Authority's Head Office.), Waiyaki Way (Address of the Authority's Head Office.)
    Financial year
    FY 2023/2024
    Accounting basis
    International Public Sector Accounting Standards (IPSAS) accrual basis of accounting
    Website
    www.ufaa.go.ke
    Expenses
    Expenses of the Fund are incurred and absorbed by the Authority.
    Cash and cash equivalents
    This includes foreign currency that has been received by the Authority as converted at Year-end rates.
    Receivables
    This is interest earned on Treasury Bills and Bonds Investments that have not matured.
    Investments
    Investment by the Authority is 100% in Treasury Bills and Bonds, as currently approved by the Cabinet Secretary, National Treasury.

Schedule 30 rows

STATEMENT OF FINANCIAL PERFORMANCE
Notes2024 KSh. ‘0002023 KSh. ‘000
Income
Revenue from exchange transactions
Investment income64,736,1482,337,108
Investment income from Call deposits5,29713,692
Total income4,741,4452,350,800
Expenditure
Expenses*
Total expenses--
Surplus for the period4,741,4452,350,800
STATEMENT OF FINANCIAL POSITION
Notes2024 KSh. ‘0002023 KSh. ‘000
ASSETS
Current assets
Cash and cash equivalents4783,791966,519
Receivables5977,0171,239,563
Investments -T-bills6 c (i)17,968,73428,761,959
-Bonds6 c (ii)21,896,4423,459,016
TOTAL ASSETS41,625,98434,427,057
TRUST FUND AND LIABILITIES
Payables
Claims7 (a)2,6891,073
Transfer to UFAA697,8324944,295
Total Payables700,013945,368
Trust Fund
Unclaimed Assets29,489,20926,024,974
Revenue reserve11,436,7627,456,715
Total Trust Fund40,925,97133,481,689
TOTAL TRUST FUND AND LIABILITIES41,625,98434,427,057
7(b) Assets reported, but held by Holders on order of the Authority: (i) Assets with known values, converted at year-end closing rates where applicable (KSh. ‘000)
Asset Type20242023
Shares (Units)1,675,9621,278,030
Unit Trusts47,34352,298
Total
(ii) Assets whose values is not known, until they are accessed
Asset Type20242023
Safe Deposit boxes3,8783,794

Everyone named

Signed by 2FRANCIS K. NJENGA, Chairman, UFAA · CAROLINE CHIRCHIR, CEO/Managing Trustee
Places 4Westlands · Pacis Centre · Slip Road · Waiyaki Way
Bodies 3Unclaimed Financial Assets Authority · Unclaimed Financial Assets Trust Fund · National Treasury
Issuing authorityBoard of Directors of the Unclaimed Financial Assets Authority
Investment approving authorityCabinet Secretary, National Treasury
Securities issuerCentral Bank of Kenya
AuditorOffice of the Auditor-General
OfficeChairman, UFAA
Law 3Unclaimed Financial Assets Act · Unclaimed Assets Act · State Corporations Act

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Corrections 0

Corrected by
No corrigendum in the issues we hold.
Cites
State Corporations Act

Cite

Kenya Gazette Notice No. 3998 of 2025, Vol. CXXVII No. 63, 28 March 2025, p. 1380.

Permalink funua.com/notices/2025/3998/.

About this data

Source
Official PDF of Vol. CXXVII No. 63, from Kenya Law
Extracted by
AI models
Model audit
An independent model agreed with 98 to 99% of compared values for land and succession notices, 97% overall. Agreement between models, not verified accuracy.
Review flag
None on this notice
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Filed under: Public finance, 2025 · March 2025 · Vol. CXXVII No. 63