## **Uganda Conservation Foundation** ## **Charity Commission – 2023 Annual Report** ## **1. Events** - The **Wildlife Ranger Challenge** (WRC) was organised by UCF in September 2023 at MFCA. UCF hosted one of the largest WRC events in Africa and raised $33,000. Funds will be spent on ranger and operational support, including rucksacks, raincoats, vet drugs, fuel, community scout support and car repairs. The WRC has been an incredibly important and successful event and way to raise funds to help those on the frontline of conservation. ## **2. Memorandum of Understands:** As part of a heightened Governance, management and partnership push, UCF has formalised many of the on-going partnerships. Some were new, others such as the with the Uganda Wildlife Authority have been in place for two decades. - UCF / UWA - UCF / UWA / National Forestry Authority & Northern Rangeland Trust - UCF / UWA / Focus Conservation Services - UCF / UWA / NFA / Uganda Wildlife Research & Training Institute - UCF / University of Liege - UCF / University of Berlin ## **3. Donor & Partner visits** To strengthen relationships with our donors and secure additional growth, we welcomed visitors from Global Conservation, Tusk Trust, Save Giraffes Now, Bureau of International Narcotics and Law Enforcement Affairs, IUCN Co-Chair Vulture Specialist Group, EU, EU Consultants, Northern Rangeland Trust and Focus Conservation. They were received by the UCF project lead and project manager, who guided them through the projects at MFPA. 1 ## **4. Projects** ## **Recovery of Queen Elizabeth PA** - The second phase of CITES MIKES programme (EU/UNEP) enters its final year. UCF is on time and is to budget for all activities to successfully complete the grant, despite the considerable external problems experienced throughout the project period. - The Carnivore program in QECA is ongoing, focusing on lion monitoring. In 2023 the UCF team responded to 64 lion responses, including lion conflict with illegal cattle grazing, and lions wandering out of the park. No lions were lost in QE in 2023. ## **Recovery of Murchison Falls PA** - Tree planting and tracking of UCF planted trees across NW Murchison Falls. UCF has sustained the Pacer Community College support, especially to the tree nursery despite not having funding. The value of the nursery and benefit to the college and community has been too significant to close. Whilst under-funded, we are convinced that this funding can found and can leverage to significant progress made, both through the UK Matching Aid ‘Living with Wildlife’ and Recovery of Murchison Falls programme. - The Joint Operations Command Centre (JOCC) was fully operational until a fire damaged the solar power battery bank. The Uganda Wildlife Authority Insurance will be providing the funds to restore the facility back to full operations. - Scouts MF – the project will conclude in April next year, with all scouts being integrated into the UWA as the Marine Ranger Unit. The local community scouts have undertaken all of the courses carried out by rangers including Junior Leadership by the UK military, first aid, boat operations, maintenance, and rescue and patrol methods. In each course the scout’s performance was in the top quartile. They have also undergone five years of mentorship through UCF and UWA. - Animal Welfare – with support from the Olsen Animal Trust, Dr. Crispus has been funded for wildlife rescue operations. The final report was submitted in early October. Dr Crispus and the UWA team rescued over 250 animals from snares and traps, including elephant, lions and giraffe. - Animal Welfare – with support of the Jean Sainsburys Charitable Fund, Dr Beckie Nakato was able to get her vet license and permission from UWA to be seconded to MF to be mentored as a field vet. 2 - Delta Ranger Post – this was completed fully this year and now fully occupied by UWA Marine Rangers. This has plugged a significant gap in UWAs ability to deter and prevent poaching in the region. - Daily snare removal providing the 17 highly trained community scouts with the UCF vehicles, drivers and project officer (ex UWA Ranger) - Hosted talks at the JOCC with many donors and dignitaries ## **Kidepo Valley National Park** - Establishment of the lion / UWA support team. The population of lions crashed by over 80% due to sudden poaching, targeting lions for the illegal wildlife trade in Asia. A car, Project Officer (lion specialist), driver, two scouts, and ranger team has been deployed full time to help ensure the lions and prey are safe by ensuring no snares and traps are in the areas lions use. - Murongole Community Conserve (MCC) – UCF is currently managing the NRT grant on behalf of MCC. Morungole Is a mountain southeast of Kidepo, where the IK are from. Covering five sub-counties, with another to join, the MCC is the first of its kind in Uganda and will later benefit from additional support through the forthcoming ER- NaturAfrica programme. The next conservancy development will be in the Loyoro area. - Kidepo scholars – 2 students from Kidepo Community are being sponsored by Save Giraffe Now to study at UWRTI in Katwe. They are now in their final year of the Diploma program. Thereafter, it is our hope both can carry out internships with UCF in various projects, including in Kidepo. - Rhino re-introduction. UCF has managed the hydrology review, site visits by donors, the ESIA, delivery of fencing poles and liaison with UWA - Kidepo Lion Support, Kidepo Waterholes and Kidepo Program – these initiatives support various conservation activities in the park. Amongst other animal rescue operations, UCF successfully collared 1 cheetah, trained rangers in ER and restored internet access at JOCC. - UCF has taken on the UWA house in Kidepo as a base for operations within the park and is following up a UCF facility outside of the park. 3 ## **Kibale Forest Protected Area** - In partnership with Professor Colin Chapman, UCF supports grant management to projects in Kibale, including ECOSIA focused on the removal of invasive species by communities and restoration of quality habitat, using the waste biomass for biomass / fuel. - Further work is being developed through: - Helmholtz Institute for One Health – Jan Gogarten. Biomonitoring- e-DNA ## **UWA Academy** - Construction was completed by Relyant Ltd on behalf of the US State and the site was handed over to UWA. UCF had to repair plumbing issues, and the construction company made good various issues with drainage at the site. UWA has agreed UCF will continue with the project, with direction from the strategy. ## **Administration** - _**Human Resource**_ This year, UCF has recruited one staff member: Flavia Nassiwa ACCA (Finance & Admin Officer). In January 2024 Joseph Tibiajuka joins UCF as the Finance & Administration Manager. - _**Policy Upgrade:**_ A policy upgrade was carried out: including Code of Conduct, Safeguarding, Whistleblowing, PSEA, Anti-Money Laundering. ## • _**Health Insurance**_ Due to the higher risk nature of work UCF carries out in the protected areas, it was decided to have all staff on a strong health insurance policy, at Premium level. This was extended to Directors. In 2023 this was with Jubilee Insurance. Depending on the insurance competitiveness and facilities offered, this may change. 4 ## • _**Employee Training**_ - All drivers have undertaken 4wd Courses. - All policies and procedures to all staff - Wildlife Crime Prevention training – Zambia - Raymond Nteesa – provision given for carrying out an evening MSc course - Derek Lubangakene – support provided to carry out Prince 2 Project Management training. ## • _**Audit**_ This year’s audit was successfully completed by Baker Tilly. The key findings in the management letter highlighted issues with asset marking, cash and bank reconciliations, which are currently being addressed. ## • _**NGO certificate**_ UCFs NGO certificate expired two years ago and has been pursued constantly. We are optimistic that it will be renewed in 2024 as all the requisite paperwork has been provided in full. UCFs Legal Counsel has been following up and ensuring UCF is fully compliant. Compliance with the _**Financial Intelligence Authority (FIA)**_ in Uganda can only happen once the NGO Certificate has been issued. ## • _**Office rent**_ UCF has a budget-friendly cost-sharing arrangement with Cordaid, which is set to expire at the end of November this year. Despite a threat of Cordaid to move office, they have *decided to remain. The office and deal is therefore secure. ## • _**Migrated UCF System from Google to Microsoft SharePoint.**_ All emails and associated data migrated, and information management system established, but not yet populated. Raymond is leading on the coordination of everyone to share information on the UCF system. Access rights and uploads will be done in time, once INL and the EU project are underway. 5 - _**Partnership Fund for Conservation**_ The 2023 launch was very well supported. The events have been fantastic, and the impact of the fund have been strong. The fund will continue. The fund has generated considerable goodwill, sector engagement and support, including the support of the events, corporate membership and the field teams. ## **Note:** The past five years, UCF has had to make considerable progress in its financial stability and administration. UCF has invested well in its Finance & Administration Department providing a core professionalism and platform for growth. The long delays in the EU and INL grants have strained UCF, but the team has managed to continue as normal throughout the period. UCF was able to successfully complete the CITES MIKES Phase 2 grant despite COVID, rebel activity and travel bans. It is noted that UCF has had to endure continuous and seemingly weekly challenges and disruption, whether from disease outbreaks such as Ebola, the Uganda Revenue Authority ‘attacks’, rebel activity and travel bans, the fire at the JOCC and tragic boat accident in Murchison. UCF has endured it all. During and after the COVID period, staff salaries were sustained, increased and benefits including Health Insurance were guaranteed. UCF was the only organisation to do this and to sustain and grow all support projects. UCF was also the only organisation to remain in the parks during the COVID and flooding of the Nile, supporting UWA and local communities. Prospects for 2024 include the start of two exciting new projects and many new partnerships, with the Starlight Safari Ball kicking off the year in Feb. 6 UGANDA CONSERVATION FOUNDATION (U) LIMITED ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Uganda Conservatlon Foundation (U) Limlt Audlt Report and financlal stalements for the year ended 31 December 2023 TABLE OF CONTENTS CONTENTS PAGE(S) Organizatlon Informatlon R8POrt of Board Statement of Board of Directors, Respon8lbilitl88 Independent Auditorf8 Report 5-7 Statement of Income and Expenditur• Statement of Flnandal Posluon 10 ststement of Changes in Accumulated Fund 11 Statement of Cash Flow8 12 Notes to th8 Flnanclal Statements 1&23 Uganda Con8orvatlon Foundation (U) Limited Audit Report and financial statements for the year ¢nd•d 31 December 2023 ORGANIZATION INFORMATION DIRECTORS 1. Mr.Richard Ssemmanda 2. Mr.William Smlth 3. Mf. Jean Byamugisha 4. Mr. John Kabandlze S. Mr.Kovln John Vallack Chairperson Direct(x Dlrector Dlrector Director SENIOR MANAGEMENT TEAM 6. Mr. Michael Keigwln 7. Mr J088ph Tibaijuka 8. Mr Derek Lubangakene Founder Twsteel Project Lead Finance & Admin Mana98r pr0￿ct M8noger REGISTERED OFFICE 12b Farady Road Bugolobi P.0. Box 34020. Kampala, UgarKla INDEPENDENT AUDITOR 88k8r tilly Hem LLP Certrfied Public Accountants Office 4B. 41h Floor, Plot 9 Yusuf Lule Road, Kampal8 P.0 Box 24544 Kampala. Uganda PRINCIPAL BANKER I&M Bank (U) Ltd P.0.8ox 3072, KampaLq-Ugand8 Uganda Conservatlon Foundation (U) Umlted Audlt Report and financlal ststements for the year ended 31 December 2023 REPORT OF BOARD The Directors present their report together with the audited finanaal statements ol the organisation for the yeaf ended 31 December 2023. PRINCIPAL ACTIVITIES Ugand8 Con8ervation Foundallon (U) Limited is a not-for-prollt organisatron reglstered in Uganda whlch Is dedicated to protecting Uganda's natic￿81 parks. protected areas and ¢￿serv9nCIe8. Tho Organizeticn work in do88 collabor81ion with partners. wim8ri1y intemational conservation and development organisation8. Ugand8 Conservation FoUr￿atiOn (U) Llmitéd 18 8 pracllcal, resultwrlenled organizatlon. Uganda Cons8rv8tlon Foundation (U) Lhilted Is elTicient in its worklng methojs and its u8• of funds. organizati￿ en8ure$ it maximizes the fiJnd8 roaching field projects and mlnimizes Its administration and non- value-add actMtie8 10 industry-low levels. FINANCIAL RESULTS FOR THE YEAR 2023 Ushs 5.242.937,980 (5,233,785.630) 2022 Ushs 5,141.307,784 (5,140.047,294 Income Expenditure Surplusl(Deflclt) for the year 9,152,349 1,260.490 DIRECTORS The current member8hip of Ihe board 18 as set out on page 2. INDEPENDENT AUDITOR Baker tilly Hem LLP h88 expressed wllllngne88 to continue in office. BY ORDE Advisory Services SECRErA Kampala 2024 Uganda Conservatk•n Foundation (U) Limlted Audlt Report and financlal statements for the year •nded 31 De￿mber 2023 STATEMENT OF BOARD OF DIRECTORS, RESPONSIBILITIES It is Ihe responsibility of direclors lo prepare financial statements for each financi81 year to give a view of the State of affairs of Uganda Conservalion Foundation (U) Limited as at the end of each financial year and of Its financial status for Ihe year. Dlreclors are a180 required to ensure that Uganda Cons8rvation Foundation (U> Limlt6d maintains propor accounting record8 that dlsdose. with rea8cKTrable 8c¢uracy, th8 financial ￿ltIon of Ug8nda Con8ep4ation Foundation (U) LimFbJ. Dlreclors are also responsible for safeguarding ￿ assets of Uganda Con88rvation Foundation (U) Lthiled. Dire¢tor8 accept responsibility for the weparation and faif presentation of the financial statements that are free from material rnisst8tement whether due to fraud or error. , Directors also accept responsibilty for: deslgning. implementlng, and maintaining such internal Control as they determln8 is ne￿$$ary to enable the Prepara￿On of fin8nci818tatemen13 that are fre• from material ml8St8tement. whethef due to fraud or error. 8electlng and applylng approprlate accountlng pollcie8 and. maklng accounling estimates and Judgements that are reason8ble in the clrcumstanc88. Directors are of the opinion that Ihe finan¢lal 8latement8 give a true and falr vlew of the financial posltion of Uganda Conservatlon FoundaNon (U) Limited a8 at 31 December 2023 and of the organizailon's financial perfomiance and c88h flows for the year then ended in accordance wlth Uganda Con8erval#>n Foundation (U} Limlt8d accounting poll¢ie8 and donor funding agreements. Nothing ha8 come to the attèntlon of dlrector8 to Sndlc8te that Uganda Conservaihjn Foundation (U) Limtted will nol remain a golng concem for at least the néxt twelve month8 from the date of this 8t818mènt. Approved by the Board on 2024 and slgned on Its behalf by: Dlrnctor Dlredor Office 48, 4th Floor Plot 9, Yusuf Lule Road, Kampala. P.0 Box 26898, Uganda Tel: +256 414 346 248 Email: info@bakertilly.ug Website: www.b8kertilly.ug bakertilly BAKER TILLY HEM LLP Certified Public Accountants REPORT OF THE INDEPENDENT AUDITOR TO THE BOARD OF UGANDA CONSERVATION FOUNDATION {U) LIMITED Oplnlon We have audited the financJ81 statements of Uganda Conservallon Foundation {U) Limtied that comprise the statement of financial position as at 31 Dec8mber 2023 and the ststement of income and axpenditure, statement of Changes in accumulated fijnd and statement of Gash flows for the year th8n ended and Ihe not88 to the financial statements. including a summary of significant accounting policies. 11 In our oplnlon. the ac￿mPanY1ng financial statements glve a true and fair view of the financlal POBitK)n of Uganda Conservation Foundation (U) Limited as at 31 December 2023 and Its financial perfomi8nce in accordance with Inlemational Financial Reportlng Standard for SME8 and Companies Act.2012. 11 Basls for Oplnlon We conducted our audit tn accordanc* with Inlemational StaTrJards on Auditing (ISA8). Our re8ponGlbilities under thos& 8tandards are further desuibed in the Auditorfs Re8ponslbllities for the Audit of the Financial Statements 88ction of our report. We are independent of the organiz8tion in accordance with the International Ethic8 Standerds Board for Accountants, Code of Ethics lor Professional Accountants {IESBA Code) togelher wfth the ethical requirements that are rnlevant to our audit of the financial statements in Uganda, and we have fulfilled our other ethical r6$ponsibilitfie8 in accordance with these requirement8 and the IESBA Code. W8 believe that the audit evidence we have obtained 18 suff￿18n1 and appropri818 lo provide a basls for our oplnion. Key audlt matt•rn Key audit m8tters ar6 th088 matters that, in I￿r professional Judgment. were of most Signlficance in our audlt of the financial ststements of the current year. These matters Y￿re addressed in the context of our audit of the financial slatements as a whole. and in forming our opinion thereon, and we do not provide a separate opinion on these m8tters, we did r)ot come across g key audit matter. Other Inlomiatlon The board 18 responsible for the other Information. The olher Infom)8tion compri8e8 tha report of board, the 8chedule of olher operating expenditure and any other reports that compri88 the annual report but d08s not indude the financial statements and our auditor'8 opinion. iilly * P.0. 80x26898. * Kampala PartnLVS.' Manjit J. Koth8ri Managing Partner CPA (U). ACA. GRAD , CWA Narendra A. Thakkar Limited Liability Partner FCA CPA (K), CPA (U) Priyansh V. Trivedi Limited Liability Partner CPA (U), AC& M.COM Thè fimi li k•n$•d •nd wulat•d by the ol Certhfi•J PthllcAC￿￿IIw¢B ol Upwd• •r¥J Fimi NO. AF0303 B•k•f Tr Hwn LLP Trs è m8rnberoflhe 9lc*AI n•l¥rt¥rk OF 8aker Trly Inlern8llLwI Lld.. N*rnbw5 01 *thich ¥¢ separ•t• and indep￿￿￿¢ t&gMI éntltJli8$,B*w T•y irt£mathon81 Llmthed Is Incorpor#tad In Eng18nd 84)d W*$. Th Company R8gW5tr8l•JD ig NO. 4343879. The off&* 4 2 Lor￿On Wall Place, kndgn, EC2Y SAU, Urdi•tt K￿9￿¥￿, InveBlmen13 Llrnled & th• w1sier￿ LM tr•J• mart hr 8akw fiiy and #s assoclaknj I Office 4B, 4th Flcor Plot 9, Yusuf Lule Road, Kampala, P.0 Box 26898, Uganda Tel: +256 414 346 248 Email: info@bakertilly.ug Website.. ￿w,bakertÉ1ly.ug bakertilly BAKER TILLY HEM LLP Certified Public Accountants REPORT OF THE INDEPENDENT AUDITOR TO THE BOARD OF UGANOA CONSERVATION FOUNDATION (U) LIMITED{Continued) Our opinion on the financi818tatements does not ￿Ver the other infonnati)n and w8 do nol express any fomi of assurance Conclusi￿ Ihereon. Responslbllltles of Management and those charged wlth governanc• ol the organlzatlon. The board 18 responsible for the preparation and fair presentation of th? financaal slatemenls in accordance with the modified cash basls of accounting described In Note 1 a). This includes determining thal th6 Accrual b8818 of accounting is an acceptable b85is for the preparation of Ihe financial statements in the circumstance8 and under the requiremenls of the donor grant agreement. and for Suth internal ￿ntrol as management d818rmine8 is nec6888ry to enable the preparation of financial statements that are free from material misstatement. whelher due to fraud or eThor. In preparing Ihe financlal stalements. the bo8rd18 r8sponsible for assessing the organi88tion's ability to continue 88 a going ¢>)ncem, di8dosing, as applicable. matters related to going (x>ncem and uslng the going concern ba8is of accountlng unle8S the board either intends to liquidale tha organi8ation or to cea88 operations, or ha8 no realistic altemative but to do 80. Those charged with governance are responsible for overseeirKJ the organization'8 financi81 reporting process. Audltorf8 Re8ponslbllltles for the Audtt of the Flnanclal Statfrmonts Our objeclive8 are to oblaln reasonable assurance about whether the financ181 statemenls as a whole are free from material m138tatement, wh8ther due to fraud or error. and lo issue an auditor'8 report that Indudes our oplnion. Reasonable as8urance is 8 high level of assurance but is not a guarant&e that an audit conducted In accordance with ISAS will always detect a material misstatement when It exists. Misstatements can arlse from fraud or error and are conskJ6red material if, individually or in the aggregate, they could reasonably be expected to influence the economic de(xsion8 of users taken on the basis of the88 financial statements. As part of an audit in ac￿rdanCe with ISAS. ￿ exerclse profe8slonal judgment and rnaintain profe881onal skepticism thrOugh￿j1 the 8udit. We a180: Identify and as8ess the risk8 of material misstatement of the financi81 stgtements, whether due to fraud or error. de8lgn and perfomi audit procedures responsive to those risks, a * P.0 B¢)x 268QS1. * Partners." Manjit J. Kolhari Managing Partner CPA (U). ACA GRAD , CWA Narendra A. Thakkar Limited Liability Partner FCA. CPA (K). CPA (U) Priyansh V. Trivedi Limiled Liability Pafther CPA (U), ACA M.COM biic NGGOJJf CO i¢) I￿0¢0 ¢0 N) )rooTho) 0) c• (4>0aOO ) co Gi o(na¥&fv)O (Cl Ut ¢3J in payabl88 Increasel(D8crea8e) In deferred In￿m8 Net cash generated from on operating actlvltles 747,182,620 (14.300,038 (28,340,973) 704,541,609 (947.731,179) 17.661,596 (522.811,845) (1,452,881,428) IncroaselDecrease in ca•h and cash equivalents Cash and Cash Equlvalents At the start of the year Prior adJu8trnent 713,693,968 (1,451.620,938) 129,949,018 1,581,569,956 At end of the year 843,642,976 129,949,018 The notes on pag88 13 10 23 fom an Integral part of the finand81 statements. Report on the Independent Audllor-p8ge$ 5 to 7 iyHe 12 ,P AQ. Box 26898, * K•mpaia Uganda Con88rvatlon FourKlallon {U) Llmlted Audlt Report and flnanclal statements for thè year ended 31 December 2023 NOTES TO THE FINANCIAL STATEMENTS 1. SIGNIFICANT ACCOUNTING POLICIES These Notes to Ihe financi81 stalements for the fiscal year ended 31 Decembef 2023 fomi an Integral part thereof and should be road and construed as suth: G•neral Informatlon Ug8nda Conservafjon Foundation (Ul Llmlt8d Is a company Ilrnlted by guarantee, Inc(¥porated on 03 September 21X)2 under the Laws of Uganda Summary of Accountlng Pollcle• The prlmary accounting polldes appli8d In the pres8ntatlon of these ffnandal statements are set out below except for changes {W any) disdosed In the relevant accountlng polley note, Ihese policles have been (x)nsistently applied in deallng with items whlch are consklered material to the Ilnancial slatoments for all fiscal years presented unless ottierwise stat•d. Ba818 of Prnparatlon and pre$entatlon. The flnanclal 8tal6ments have weparod under hlslortcal cost cOnV￿l￿n on accrnal basis unless otheThvise stated wlthin Ihese accounting pollcy note(s), In accordance wlth applrcable law8 and the Intematicmal Flnanclal ReFx)rtSng standards for Small and Medlum sized Enlllles (IFRS for SMES) Issued by the Intemallonal AccoLmllng S18ndards Board (IASB) as adopted and adapted to charilies. financlal reportty￿ In Uganda (the "appllcabFe financial reporlng framewo￿.). There véero no malerlal departures from the appllc4blo flnanclal reporfng frarmwork. The praparallon of the financlal 3tatemants In conlomilty wlth the IFRS frx SMES requtres lh• us• of certain critlcal ac(x￿ntIng estlmates, I￿ements and assumpiions In the process of applying th8 8ccountlng policies. This may affect the reported amounls of ￿rtain assets and liabllilies and th• reporting amounls of Income and expenditures during the reporting park)d. Atlhough these estimates are b8s•d ¢Jn the man8gemenfs best knowledge, actu81 results could dlffer from the esllmates. In the process of applying the accountlng polIc￿s, areas Involvlng a hlgher degree of Judgwnenls or complexlty. assumptlons and estimalk*ns whkh are slgnlficant lo tha flnanclal statements are descrlbed In the note below. The flnandal slal6mènls are presented In Uganda Shllllngs (UGX). the mmpany's functk>nal currency are rounded to the nearest shilling. Slgnlllcant Accountlng E8tlmate$ and Arnas of Judgem•nts. Estimatas and Judgement are contlnually evaluated and aro based ,' whlch conforms to the reqUirem￿ts for 8x•rry)ied frorn hcome tax as detalled In 88Ctlon 2(bbXi){B) of Ihe Incom8 Tax AcHCap 340). Section 2(bb)(IMB) ol tho Income Tax Act(Cap 340) dallnos or provthdes for the Interpreladon of an exempt Organlzallrm as Ibb) 'exempt Organlzatlon" moans any ￿)mpanY. Institutlon or Irrevocabte trust. (l) whlch IS-IAI an amateur spor￿n9 assoclatlon; (B) a rellgious, charltable or educatlonal institutlon of a publlc character: or (C) a trade union, employea's assoaadon. an association of 8mployers reglster& under any law of Uganda 1¥ an associatlon èst8bllshed for the purpose of promoting farmlng. minlng, tourism, manulathiring. or commorce and Industy In UgarKI8,' 8fKI111) whlch has been issued wlth a written rullng by Ihe comm5sskner cwr8ntly in force slatlng that It Is an exempt Organizatlon ," and {111) none ol ts Income or assets of which confers. or may LYJnfer, a prlvate benafll on any person.. Slgnlflcant Factorn affectlng tsx ¢harg• lor the year There ￿re no sFgniflcant faclors Ihat affected the tax charge frir the year whlch has been calculaled on thg taxable profit on ordlnary activities before tax at standard rale of income lax In Uganda of 30% {2023: 30%} Forelgn Exchang• The Company's function81 and pres8nlats.onal ou￿OnCY Is Uganda Shllllngs (UGX). Tran•acllon• and balanc Foreign currency transactions are translated Into Ihe functlonal ojrrww uslng the 5POt exthange rates ai Ina aa1è8 OT mé iranaaci¢)ns. At each fiscal year end forelgn currency monetary Items are translated using the closing rate unl•s8 a contracled rate applles. Nc￿-￿I)neIary items measured at hlstorlcal cost are translated using th8 exchange rate at the date of the transaclion and non-monetary items m8a8ured at falr value are Measured using the exchange rata when fair value was det8rmln&J. 16 P.0. Boi 26898. * K3inpala (Ypublic Uganda Conservatlon Foundatlon {U) Umlted Audlt Roport and flnanclal 8tst•ments for the year ended 31 Decornb•r 2023 Sources of the ft>reign rate of exthanges maiorty company uses the daHy transaclion dealing rate as advlsed by the banks on the day of transactlng. For any oth8r transaclions it uses Ihe daily mld-rat• foreign exchanges rales between the Uganda shllllng and the major foreign CUTrendes as publlsh8d by the Bank of Uganda (BOU) unless a rate applies. Incomo R•cognltlon All Incom8 Is rwinlzed cmce trjmpany has irravoc8ble entlU8ment to the Income, it's probabl8 that Ihe incom8 will be received and the amount of Income can be measured relSably and specific crilella have been met for e8th of the company's a¢dvftlo8. as desuibed below. Donatlons-when there Is reasonable rA9rtainty of ts ultim8te recelpi oth•rwlse on adual recelpt. Grant arKI slmllar asslstance whether'capital, or 'revenu8' grant$-1oVhen there is reasonable certainty of its ultimate receipt arKI nol deferred. otharwL8e on actual face￿L Capttsl grants are deferred and amortlzad In line wryth d8prKi8tion over Ihe lrfe of the assets through the capltal fund. All Sncomes recelved In adv8nce of planned activities implementatlon are treated as deferred Income and released to the stst8ment of Income expenditure ft)r the fiscal year In which the relaled actlvllles are Implom•nl8d. Exp•ndltur• Expendlture Is recognlze(l on accrual basls as In¢)JThed (inclusive of irrecoverable valua added tax where appllcable) as soon as there Is legal or construclwe obllgation commlttlng the company to that èxpenditure, It is probabla that settlement will be requlred. and the amount ol obligation can be rneasured reliably. Allocatlon and apportlonm•nt ol co•t4 For fin8ndal reportlng purt¥)se8, costs ar6 group￿ Into dlrect charliable program costs, costs of Q8ner8tlng volunlary Incomo and govemance costs heads by Ihe directors guklod by professlonal slandards and best practSce In the sector. Support costs are allocated where possble on the Ilme b881s, as wlth salarfes. Any remalnlng alloc8tlons over charltabl6 actlvltles are WO•rat6d acc£)rdlrvJ lo the relative amount of 8lr88(ty allocated dlrecl cosis or the numbers of stsff in the unlt. Employee r•tlrement benoflts The Conyany oparates 8 defined contribulion plan (legal rwulr•meTrt through Natic￿l Social Security Fund by paylTvJ 10% of the employee's gross monthly salary to the NSSF whlch Is an Ir￿ePendent establlshment frc¥n the ojmpany) 8diane for the benefft of Its empqoyees, Contrfbullons are recognlzed as an expens8 In fisral year In whlch they are In￿rred. Terniinatbn beneffts aro recogn5zed as ￿ expen8e when a deta1￿1 ftKm81 plan f¢x the termlnation has been an￿UnCed to tho omployees aff8ded and are measwed at the esltmoled expenditure requir8d to settte tho obllgatiOn8 at the reporting date. Share Capftal The company Is Ilrnltad by guarantee wlthout a share capltal. Each members 8CCePts to contribute su(* amounl as may be required not ex(￿ling UGX 1.000,000{Uganda shlllings one mllllon only) In the evenl of the company belng wound up whlle ￿. she or It Is a member or within one year afterwards. 17 eupubil Uganda Conservatlon Foundatlon (U) Llmlted Audlt Report and Ilnanclal 8tatem•nts for the year ènded 31 D¢¢amber 2023 Comparatlve8 Whereas every effort may have been made to match year on year figures, some Inevrtable redassifications may have occurred that may affect the precise coMpa￿s0n of figures ui the current flsGg1 year with those In the prior p8rbd. Thlrd Party Payments. Payments rn￿8 to V￿d0r5 directly by th8 donor (if ony) on behalf of any prolect belno Implemented by the company are reccgnized and induded wlthln the income (Receipts) anme-Motor VehicEe Disposal 1.089,826 38.209.048 40,074,430 Totsl 1,061,155,556 988,915,336 20 illy P.0 Boy 26898. * 14a¢Dpala Uganda Conservatlon Foundatlon {U) Limited Audlt Report and f￿anCIal statements for the year ended 31 D8¢èmber 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) UCF Property, Plant & Equlpment 2 Schedule Computer and Equipment Ugx Furniture and Motor Flttlngs Vehlcles Ugx Ugx Cosi Total Ugx 146,447,927 6.790.581 88 072 744 153 238 508 ij Ai January 1, 2023 Additions At December 31, 2023 45,386.068 6 790,581 52 176 649 12,989,115 88.072,744 12 989.115 Depreclatlon At January 1, 2023 Charge for the year At December 31, 2023 32.672.086 5,389,624 38 061710 10.707.729 285,173 10.992 902 88.072.744 131,452,559 5 674 797 137,127.356 88 072 744 Net Book Val• At December 31, 2023 14114 939 1996 213 16 111152 At December 31, 2022 12,713,982 2.281.386 14,995,368 21 P.O.80126898. * tyilc Uganda ConseNation Foundatlon (U) Llmited Audlt Report and flnanclal statements for the year ended 31 December 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2023 Ushs 2022 Ush$ 3 Receivables Trade R8ceivables Pr8paym&nts Other Receivables Other Receivables (Deferred Proiecl Costs) Staff advances Staff salary advances Total 39.680.224 19,711,830 670,681 221.420.150 55,175.869 678.849.134 10.405.620 146,453 336,907.697 47.684,470 9,848,000 1,083,841,374 336,658,754 4 Cash and Cash Equlvalents I&M 8ank-USD I&M Bank- UGX I&M Bank- GBP Petty Cash - USD I&M Bank- USD Operations I&M Bank - UGX Operations Petty Cash - UGX Total 374.079,783 39.538.166 421.180,267 2,120,679 22,057,966 91,527,695 1,098.399 4,820,617 5,985.062 2,338,599 129.949,017 1.069,760 6.036,133 1.738,866 843,642.976 S Capltal Fund A8 at Ihe end of the year Addition8 Depreciation Total 14,995,367 6,790,581 (5,674,797) 16,111,151 3,092,610 14.998,763 (3.096,006) 14,995,367 / silly 22 P.0. Box26S98. * Kanipala Uganda Conservatlon FoundatDDn (U) Umlted Audit Report and flnanclal statements for the year ended 31 December 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2023 U8hs 2022 Ushs 6 Payables Accnjed Audlt Fees Withholding Tax Payroll Liabilitie8 Accounts Payable Total 7,434.000 2,874,652 15,790,666 453,865 26,553,184 7,434,000 16.624.622 16,794,601 40,853,223 7 Doferred Income Rweshama RP CITES MIKES-Phase 2 Operations Support Queen ElIzabeth-PrO￿¢t Ranger Sengenge Ranger Post TT UCF CORE Op8rations Support-Articles opera￿On8 Support Murchison Fa116-Prdect Ranger (Scout8) Kidepo Community Project Kibaale Project Kidepo JOCC Con6tructlon Project WRC XJEPA WRC &Ziwa WRC &QEPA WRC 5-KVPA TT Key Stone-Mwchi80n Fa118 Muplina Ranger Post Camivore Programma Kidepo Scouts ScholarshipSGN Kidepo Llon Support-GPFIGC VULTURE KIT Anlm81 Welfare TT Extra rr Key Stone 2 Delta Ranger P08t Partnership Fund Total 21,868,056 422,634,313 3,317.382 185,340.564 5,045,547 21,498.279 37,263,001 213,331.359 54,422,648 25.003,622 36,429.593 10,229.550 4,926,064 728.649 92,928,391 54,786,233 359,297.250 101.442.141 62,934.930 12,954,698 23,743,334 216,818,180 30.698,739 17,751,034 181.998,038 9,944.556 5.457.683 67.831,550 57.416,037 7,838.847 1,158,769,647 1,187,110.622 iyHe 23 P.O.Box2fj698. * CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the tru8te Charity Nane Uganda Consefvabon F￿ndatiOn On accounts for the yeAr ended 31 December 2023 Charlty no (If any) 1087295 Sot out on page8 1&2 (ryDern￿ to w￿ude Ihe pa9e nwnbws ofathlmional sh•etsl I report to the trustees on my exarnination of the accounts of the above charity ("the Trust") for the year ended 3111212023. Re8pon8lbllltle8 and basls of report As ￿ charitys trustees, you are responsible for the preparation of the accounts In accordance wthh the requirements of the Charilies Act 2011 ('the Acr). I report in respect of my examination of the Trusfs accounts Carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission urKler section 145(5){b) of the Act. Independent I have completed my exarnination. I confinn that no material matters hav8 examlnerfs $tstoment come to my attention in connection ￿th the examination (other than that dlsclosed below ") which gives me cause to believe that in, any material the accounting records we not kept in accordance wilh 8ects.on 130 of the Charities Ac( or the accounts did not accord ￿￿th the accountlng records; or the accourrts did not Corn￿￿ %Mth ￿ applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'true and fail view which is not a matter considered as part of an indeperKlent examination. I have rK) concerns and have come across no other matters in connection th the examination to which attention should be drawn in thls report in order io enable a Fyoper understanding of the accounts to bg reached. Slgned: 3011012024 Name: Andy Lock R•l•vant professlonal quallficatlon(8) or body (if any): ACA IER Oct 2018 Address: CCF Accountancy LimFted 20, Victoria Avenue. Harrogate. HG15QY. Sectioii B Disclosure Only complete if the examiner needs to highlight material matters of con￿rn (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Give here brief details of any Items that the examlner wishes to dlsclo8e. IER Oct 2018