Docu51gn Envelope ID.. CDD752A8-5A29-41JE-9782.670B30B3A256 REGISTERED CHARITY NUMBER: 1100378 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 FOR BEGA KWA BEGA UGANDA Seymour Taylor Limited, Slalulory Auditor First Floor North 40 Oxford Road High Wycombe Buckingh8mshire HP112EE
DoLyJslgn Envelope ID.. CDD752A&5A2Y41BE-9782-670B3083A25B BEGA KWA BEGA UGANDA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Page Rèport of the Trustees Report of the Independent Audltors 7 10 10 statement of Financlal Activities 11 Statemènt of Financial Position 12 Statement of Cash Flows 13 Notes to the Statement of Cash Flows 14 Notes to the Financial Statements 15 10 20 Detailed Statèment of FSnancial Actlvlties 21
Docusign Envelope ID.. CD0752A8-5A29-41BE-0782-670B30B3A258 BEGA KWA BEGA UGANDA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 The Iruslees present their report with the financial slalements of the ¢harity lor the year ended 29 February 2024. The Iwslees have adopted the provisions ol Accounting and Reporting by Charities.. stalerllenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lefleclive 1 January 20191. Introduction Bega Kwa Bega Uganda IBkBI is UK-based fund-raising body which achieved charity s18tus on 17 October 2002. The charity is run by its voluntary members and execulDJe committee in aOrdanCe with ils Conslilulion, which was revised and approved on 18 June 2018. During this past year we have r&placed some of OUT Iruslees, as a number have retired from active participation with the ¢harily. Their ¢onlribulion was recognised by a thank you card and flowers sent on behalf of tho Committee. Oblectives In line with the charity's objectives, we have raised funds lo support the opeTalional wort( of Bega Kwa Bega in Uganda, such as sponsoring orphans and vulnerable children throughout their education, and dislribuling funds lo the team in Uganda lor various projects as they have progressed. To support BkB's aclivrties. the UK BkB fund-raising team receives donations. sponsorship, and the proceeds from fund-raising events from a variety of sources . The Canonesses of Sl Augustine's,. and Parishioners in High Wycombe, Wendover and Great Missenden, Beverley, and Wishaw.
DoSIgn Envelope ID.. CDD752A8-SA29-41BE-9782-670B30B3A25B BEGA KWA BEGA UGANDA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 OBJECTIVES AND ACTIVITIES Slgnificant activities Activitles in the UK We were able lo run the annual BkB Quiz and raised a lolal of £1,329. The event was run in the Upper room al Sl Augustine's Church in High Wycombe, with li¢ket, raffle, and bar sales from a lolal 0160 allendees supplemented by donations of a further £350. Sponsorshlps 67 children who would olhenmise not 8llend scho(>18re sponsored by people in the UK. We have tnade a commitment lo increase the UK sponsors, and this 11 be a focus for the charity over the ooming year. Our Sponsorship Coordinator will be offering additional children lo sponsors whose sponsored children are no longer in education. Actlvltles in Uganda The oharily is active in supporting ils sister charity, Bega Kwa Bega Limited, in Uganda in helping local Communities in need: Education 73 orphans and vulnerable children weTe supported with fees and eduealional materials. At Gogolo Junior School a Boarding s¢ction and multi-purpose hall rith a kitchen have been buitt. 519 children are enrolled al tho school. We have been able to provide acCommation for teaGhers', thanks lo a generous donor we h8ve bought and upgraded a 10-unil block ol apartments for Gogolo teachers. This accommodation ensures safely and privacy for them. Dormitories to proiride a¢¢ommodalion for girls have been completed, and dormitories for boys are under construction. Professlonal Development of Teachers BkB is selling up a program enabling Ugandan lea¢hers lo embrace modern skills and practices, s18rting with workshops in Uganda. BkB conducted a g-day malhemalics workshop in Gogolo school for kindergarten and primary leachers from schools within Kampala, Wakiso, Mpigi and Mukono. The participants learned beller experiential methods of teaching mathematic5 and they altso made in8lruclion materials that will hfjlp make maths lessons mor8 experiential and enjoyable. Health - Wellness Programme BkB has ceased running the Mobile Clinic and is now concentrating on a wellness and disease prevention programme, providing basic and primary health care and sensilising residents on wellness. BkB's health education programme means people leam lo lake more care of themselves, eating more nulrilious food and slaying healthier. This year. BkB had 39 Wellness programme sessions. 3,076 people benefited from Ih8se sensilizalion sessions which focus mainly on malaria prevention strategies, uScer prevention. diabetes managemgnl. high bl(KKI pressure and HIVIAIDS prevention and Bvoidance slralegies. 781 mama kits were distributed lo exp8Ctanl mothers. 224 mosquito nels were distributed lo expeclanl mothers. 2,312 participants were lesled for HIVIAIDS and of these, 101 were found lo be HIV positive. These were counselled and referred to government facilities lor further management. 459 people were lesled for diabetes and 136 were found to be positive. These loo were referred lo hospitals lor further Irealmenl. 393 people were tested lor ulcers and a registered total of 98 were found lo be positive. 28 boxes of condoms were distributèd. 14,510 dozen of mebendazole Idewomiing tablets) were dislribLJled lo all beneficiaries and their children.
Docuslgn Envelope ID.. CD0752A8-5A29-41BE-9782470B30B3A25B BEGA KWA BEGA UGANDA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 9.533 leaflets with highlights of what is covered in the sessions were distributed lo participants for continuous sensilizalion and lo share inlorrnalion with family and friends. There was improved health care and knowledge among residents regarding common illnesses and the use of local herbs, Fundlng Access to Clean Safe Water This year 3,326 households (around 16,630 people) and 12 schools gained esS lo clean and sale water, consoquenlly irnproving hygiene and sanilalion in schools 8nd homes, especially in the shanty town selllemenls of Nabweru in Nasana municipality. 4 boreholes were buitt and 3 springs were protected, management commillees were formed and trained in water use and rnainlenance of the water sources. 18 rainwater harvesting and storage tanks were supplied and installed in 12 schools and 6 demonslralion siles. Improvement in beneficiaries, livelihocKJs resutted, eSp1811Y for those dependent on water for income such as water vendors, masons, livestock farmers, brick moulders and vegetable farmer8. Instruction In the best agrlcultural and nutritional practices. The BkB Organic Demonstration Farm is mainly demonslrational, showing best organic practices lo different groups and categories of people. Our enterprise includes dairy farming, goal rearing, local poultry farming. rabbit rearing. apiculture, crop farming, and seedbed raising in bags. This year w¢ engaged 3,047 leameT8 main5y students and individual farmeis. In Field Activities, the aim is lo increase food quantity and quality through optimum ulilizalion of the availablo land and increasing the number of different crops grown by farmers. BkB trains local farmers and caregivers in organic farming techniques and fiotd practi5 that can help minimize food insecurity while improving standards of INing. Our Agronomist and our Nulrilionisl spend four days a week in hNo villages over a year. This year Ihe training was implemented in the villages below. 28 peer farmer8 from Kalezi, Kigogolo, Nlonto and Kyanika villages were trained al BkB organic demonslr8tion farm in preparation for their roles as lèad larrners in their villages. 301 F8rmers were taLJghl agronomy practices and received seeds and plants. 2,000 pieces of coffee cullings were supplied lo 100 farmers in the 4 villages. 2,000 banana suckers were suppSied to 100 farmers in 4 villages with each gelling 20 suckors. These two perennial crops are a major source of livelihocKI in these communities with bananas doubling as staple food crop. Farmers were Irain8d on how lo add value lo their produ using local knowledge such as processing okra, soy, coffee and avocado seeds lo make a Spi which is also a tea addilwe, and doubles as medicine. 243 farmers have improved gardens,. 180 women, 58 men and 5 young men. - 247 have new gardens., 185women, 55 men. 7 young men 150 farmers adopted two or more space-gaving technologies such as sack gardens. Coupled with organic tarming was organic livestock produclion. Farmers learnt how to keep and manage different domestic animals. Income Generation and teaching of Businèss Managèment skills The purrx)se of this programmè is to increase family incomes, 271 farmers underwent a 2-day training on income generaknon under the IherNe ol increasing family income through food production lo minimize malnulrilion through agri-business education. 121 were from Kyanika and Nlonlo, and 150 from Kigogolo and Kalezi. The aim was lo empower participants with business and management skills in savings. investment, k)an management, value addilion, agro-pro¢essing, marketing, and risk management. 200 trainees 180 from Ntonlo and Kyanika and 120 from Kalezi and Kigogolol received equipment lo set up or improve their businesses. Of the 200, 159 had agriculture-related businesses while 41 had nulrilionlfood businesses.
Docusign Envdope ID.. CDD752A8-5A29-41BE-9782*70B30B3A25B BEGA KWA BEGA UGANDA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 Income genoralion.. Teachers, training.. 12 teachers from 4 schools in Nlunda and Kayini villages were trained on basic entrepreneurship skllls. book-keeping, record keeping and budgeting which was combined with cookery demonstrations of bagiya. mandazi, daddies and samosa. The 12 teachers were provided wrth start-up capital in the form of durable, different kilohenware and varieties of food items and ingredients lo help them sel up f(K>d income busine5$es other than relying on their monthly salary. This is aimed al improving the lives of teachers and their families plus their schools. Increase in business enterprises and household income. Improvement in business management skills. These entrepreneurs now keep records. save and reinvest in their t>usinesses, They have formed savings groups that support members al minimal interest rates. Sustainability ol communilylhousehold programmeslaclivities. Participants can sustain their activities wilhoLJI BkB support. Ploleclion of orphans, legal rights BkB provides the backing lo ensure the Legal Rights of Children lo their lalld and homes is upheld. Often the response lo 'orphans' is an orphanage. On leaving an oiphanage young people find themselves with no home and no means of feeding themselves. BkB works with village chiefs and elders lo keep orphans in their home. among their ex1ended farnilies, in a familiar environment. FINANCIAL REVIEW The BkB Management Accounts use Accrual accounting, which is an aceounling method that records income and expenses commilled in the year even il some payments are not received or issued. In other words, for BkB, we record income when a transaction for donation or sponsorship occurs. For example, when a donor commi15 an amour5t of funding lo the charity, the income is recorded in that year. even il the funds are phased over subsequent years. BkB records expenses when a transaction for the transfer of funds lo Uganda occurs, when payments are made or when expenses are committed and paid in subsequent years. In summary, total in¢oming resources in the year 2023-2024 amounted lo £2,157,861 compared with £404,201 last year, an overall illcrease of £1,753,660. D<)nalions included £869,438 received from our anonymous donor. Another £1,261,531 is included in the income from our an0nOuS donor as this donation was ¢ommilled in August 2023 bul will be paid in insla5menls up lo December 2025. The £1,261,531 is shown in the accounts as a debtor. Funds transferred lo Uganda in the year lolalled £791,724 compared with £1.041,180 last year, an decrease of £249,456, reflecting the completion of a lol of the construction work and a move lo rolling out the education programmes for farmers elc. There are still funds lolalling £789,612 to be transferred lo Uganda as building work and agreed programmes and sponsorship continue. Note that BkB has Multip sources of funds that are Iransferfftd lo Ugallda during the course of each year, which are tracked very closely lo ensure they are deployed for the intended projects as defined by the donating organisations, The audit fees lolalled £7,560 8 decrease of £1,080 on the previous year . We have decidad lo continue lo have the accounts audited even though the inoome will fall from lime lo lime below the £1 m per annum. Details appear in thè followng financial slalemenls.
DocusvJn Envelope ID.. CDo752A8-5A29418E-9782470B30B3SB BEGA KWA BEGA UGANDA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 FUTURE PLANS We will continue lo grow our sponsorship base, finding sponsors for new ¢hildren and keep Current sponsors informed on the progress ol the children they are sponsc>ring, Education is Ihe single most important strategy to T8ise vulnerable people out of poverty and support them into becoming productive ¢itizens. We intend lo strengthen our sponsorship arrangements so that the infomialion on sponsored children arrnie$ from Uganda in a timely manner and this will enable the sponsorship c(K>rdinalor lo provide progress updates lo our sponsors in the UK on an annual basis. We hope lo strengthen our commillee by re¢rurting new members and are delighted lo have the support of a new member, Gillian Miller. We will also seek lo recruit and instruct new Iruslees lo strengthen the management ol the charity in the UK and bring in new ideas and skills. We also intend lo make contacl with our Wtrndover community to gamer their support and involvement going forward, as all the active BkB supporters from Wendover have moved well beyond retirement andlor are suffering from poor he8I1h. We intend lo follow up on an ex¢iling opportunity from the Head Teacher al Sl Marls school in Maidenhead to support the teachers in Uganda and help them improve their leaching practices. We intend lo review and update our Charity objectives as nacessary lo reflect activities in Uganda. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documollt The charity is controlled by ils governing document. a deed of trust and constilules an unincorpor8led charity. Organisational structure The committee in the UK 18 based in Buckinghamshire where most of the fund-raising activity lakes place although there 8re groups In Wishaw. Lanarkshire, Beverley Yorkshire, and Bury Sl Edmunds, Suffolk who mainly sponsor children iri Uganda through their education. The committee manage the day lo dale aolivities, governance of th$ charity in the UK and liaise closely with the BKB operations in Uganda to priorilise their needs and the level of fundraising. They also monitor the use of funds transferred lo Uganda by receiving regular reports. Nobody is employed by the charity in the UK. No member has claimed or was reimbursed any expenses by the charity in the Current year. The Committee meetings during the year have been restricted lo online due lo ongoing COVID precautions. Risk management The Iruslees have a duly to identify and review the risks lo which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and eiror. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlly number 1100378 Principal address 2 Honey Way Walters Ash High Wycombe Buckinghamshire HP14 4TT
Do31gn Envdope ID.. CDD752A8-5A2&41BE-9782-670U30B3A25B BEGA KWA BEGA UGANDA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 Trustees Sister M E E Inchbald (resigned 28.6.2023) F Mccann (resigned 28.6.20231 K Russ911 M J C Spain Iresigned 28.6.20231 W Pralley lappoinled 18.8.20231 Mrs D Harvey lappoinled 18.6.2023} D Russell (appointed 18.6.20231 Auditors Seymour Taylor Limited, S181ulory Auditor First Floor North 40 Oxford Road High Wycombe Buckinghamshire HP112EE Bank Lloyds Bank PIC 27-31 While Hart Street High Wycombe Bucks HP112HL STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and Uni18d Kingdom Accounting Standards Iuniled Kingdom G&nerally Accepted Accounting Praclice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulalions 2008 and the provisions of the trust deed requires the trustees lo prepare finan¢ial slalem6nls foT each financial year which give a true and fair view of the slate ol affairs of the chaiity and of the in¢oming resour¢es and appli¢alion of rtssources. including the income and expenditure, of the charily for that period. In preparing those financial slalemenls, the Iruslees are required lo select suitable OuntIng policies and then apply them consislenlly., observe the methods and principles in th¢ Charity SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable accounllng standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls.. prepare the financial slalemenls on the going concern basis unless rt is inappropriate lo presume that Ihe charity will continue in business. The trustees are responsible for keeping proper accountin9 records which disclose reasonable accuracy al any lime the financial position of the charity and lo enable them lo ensure that the financial stalemenls comply with the Charities Act 2011. the Charity (Accounts 2nd Reports) Regulations 2008 and the provisions ol the trust deed, They ar$ also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 27 November 2024 Approved by order of the board of Iruslees on ................. and signed on 118 behalf by.. K Russell - Trustee
Oocusign Envelope ID.. CDD752Ae-5A29-418E-9782-870B30B3A258 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEGA KWA BEGA UGANDA Oplnion We have audited the financial stslemenls of Bega Kwa Bega Uganda (the 'charity'l for the year ended 29 February 2024 whi¢h comprise the Slalemenl of Financial Aclivilies, the Slalemenl of Financia5 Position, the Slalemenl Df Cash Flows and notes lo the financial stalemenls, including a summary of significarnl accounting policies. The financial reporting framework that has been applied in their preparatn is applicable law and United Kingdom Accounlillg Standards (United Kingdom Generally Accepted AcGounling Praclicel. In OUT opinion the financial slalemenls.. give a true and fair view of the slate of the charity's affairs as at 29 February 2024 and of ils incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pracli¢o', and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Audrtors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requiiemenls that are relevant to our audit of the financial slalemenls in the UK, including th& FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accoidance with Ih&se requirements. We believe that the audit evidence we have obtained is sufficient and appropri816 lo provide a basis for our opinion. Conclusions rèlating to golng concern In 8kJditing the financial slatemenls, we have con¢luded that the Iruslees, use of the going concern basis of accou4)ting in the preparation ol the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or ¢ondilions that. indwidually or collectively, may cast significant doubl on the chariltys ability lo conlinue as a going concem for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of tha trustees th respect lo going concern are described in th6 relevant sections of thi8 report. other Information The Iruslees are responsible lor the other information. The other information comprises the infomialK)n included in the Annual Report, other than the financial 5ts1omenls and our Report ol the Independent Auditors Ihereon. OUT opinion on tho financial slalemenls does not cover the other information and, excepl lo the extent olheTwise explicitly slated in our report, we do not expre8$ any form of assurance conclusion Ihereon. In connection with our audit of the financial slatemenls, our responsibility Is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financi81 slalemenls or OLJr knowledge obtained in the audit or otherwise appears lo b8 materially misslaled. If we identify such material inconsistencies or app8renl material misslalemenls, we are required to delerrnine whether this gives rise to 8 material misslalemenl in the financial slalemenls themselves. 11, based on the work we have performed, we conclude Ihal there is a material misstalemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respe¢l of the following mallers where the Charities (Accounts and Reports) Rtgulalions 2008 requires us lo report lo you if. in our opinion.. the information given in Ihe Report ol the TTUStees is Inconsislenl in any material respect with Ihe financial slalemenls", or sufficient accounting records have not been kepl-, or the financi81 slalements are not in agreemenl with the a¢¢ounting records and returns,. OT we have not received all the information and explanations we require for our audit.
Dowslgn Envdope ID.. CDD7S2A8-5A2g41BE-9782*70B3083A25B REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEGA KWA BEGA UGANDA Responsibilitie5 of trustees As explained more fully in the Statement of Truslees, Responsibilities, the trustees are responsible lor the preparation of the financial slalements which give a true and fair view. and for such internal control as the Iruslees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether dije to fraud or error. In preparing the financial slalemenls, the Iruslees aTe responsible for assessing the charills ability lo conlillue as a going concern, disclc>sing, as applicable, mallers related lo going concern and using the going concern basis Df accounting unless the Iruslees either intend to liquidate the charity or to cease operations, or have no realistic allern81ive bul lo do so.
Doc1Qn Envelope ID." CDt)752A8-5A2&41BE-9782-670B30B3A25B REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEGA KWA BEGA UGANDA Our responsibllltles for the audlt of the financlal statements We have been appointed as auditors under Section 144 01 the Charities Act 2011 and report in accordance with the Act and relevant regulation5 made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalemenl, whether dua lo fraud or error, and lo issue a Report of the Independent Auditors that includes our opinion. Reasonablo assurance is e high level of assurance, bul is not a guarantee Ihal an audit oonducled in accordance with ISAS IUKI will always delecl a material missl8temenl Whe il exists. Misslalemenls can arisè from fraud or error and are considered malerial il, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these lin8ncial s121emenls. The extent lo which our procedures aré capable of detecting irregularities, including fraud Is detailed below.. Identif and assessin olenlial risks related lo irre ularilies In identifying and assessing risks of material misslatemenl in respect ol irregularities. including fraud and non-complian with laws and Tegulations, we considered the following.. -the nature of the sector. control environment and charity perforrnanco,. -Tesu51s of our enquiries of management about Ihoir own idenlifi¢alion and assessment of the risks of itregularilies., -any malters we Sdenlrfied having made enquiries of management 8boul their pollcies and procedures relating to.. -identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non¢ompliance', delecling and responding lo the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud., -the internal conlroL8 established lo miligale risks of fraud or non-compliance with laws and regulations., -Ihe matters discussed among the audit engagemenl team regarding how and where fraud might occur in the financial slalemenls and any potential indicators of fraud. AS a result of these procedures, we considered the opportunities and incentives that may exist within the organisalion for fraud. In common wlh all audits under ISAS IUKI, we are also required lo perform specifi¢ procedures lo respond lo the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provisions of thos$ laws and regulations that had a direct effacl on the determination of material amounts alld disclosures in the financial slalements. The key law or Te9ulalion we considered in this contex included the UK Charities Act. In addition. we considered provisions of other laws and regulations that do nol have a direct effect on the financial statements but compliance with which may be fundamental lo the charities ability lo operate. Audit response lo risks identified As a result of performing the above, our procedures lo respond lo risks identified included the following.. -reviering the financial slalement disclosures and lesling lo supporting d(uMentaln lo assess complian with provisions of relevant laws and regulations described as having a direct effect on the financial statements., enquiring ol management concerning actual and potential liligalion and claims., performing analytical procedures lo identify any unusual or unexpected relationships that may inLlicale risks of material misslalemenl due lo fraud and., -in addressing the risk of fraud through. management override of controls, lesling tho appropriateness of journal entries and other adjuslmenls,. 88sessing whether the judgements made in making accounting eslimales are indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
Docusun Envelope ID.. CDD752A&5A2Y.41BE-9782470830B3A25B REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEGA KWA BEGA UGANDA We also communicated relevant identified laws and regulations and potential fraud risks lo a51 engagement team members and remained alert lo any indications of fraud or noncompliance wlh laws and regulations throughout the audit. Because of the inherent limitations of an audit, there is a risk that we will not delsct all irregularities, including those leading lo a material misslalemenl in the financial stslemenls or non-compliance with regulation, This risk increases the more that compli8nce wilh a law or regulation is removed from Ihe events and Iransa¢lions rellecled in the finanoi81 slalen)enls, as we will be less likely lo become aware of instances of non-complian, The risk is also greater regarding Irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery. ¢olluslon, omission or misrepresenlalK)n. A further description of our responsibilities for the audit ol the financial slalemenls is located on the Financial Reporting Council's website al ww.frc.org.uklaudilorsresponsibililies. This description forms part ol our Report of thè Independent AudiloTS. Use of our report This report is made solely lo the chariws trustees. as a body, in accordance with Part 4 of the Charitie8 (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charills Iruslees those mallers we are required lo stale lo them in an auditors, report and for no other purpose. To the fullest exlenl permilled by law, we do not accepl or assume responsibility lo anyone other than the charity and the charitls Iruslees as a b<)dy. for our audit work, foi this report, or for the opinions we have formed. Seymour Taylor Limited, SlalLrtory Auditor First Floor North 40 Oxford Road High Wy¢ombe Buckinghamshire HP112EE Dale,. 10
Doajslgn Envelope ID.. CDD752A8-5A2&418E-9782470B30B3A258 BEGA KWA BEGA UGANDA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024 29.2.24 Total funds 28.2.23 Tolal funds Unrestricted Reslricled fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 18,029 2,138,497 2.156.526 402.820 Other trading activities Investment income 1,329 1,329 1,380 Total fj9,364 2.138,497 2,157.861 404,201 EXPENDITURE ON Raising funds 620 620 577 Charitablè aclivitles Bega Kwa Bega in Uganda 791,724 791,724 1,041,180 Other 7,716 7,716 8.820 Total 8,336 791,724 800,060 1,050,577 NET INCOMEIIEXPENDITUREI 11,028 1,346,TT3 1,357.801 1646,3761 RECONCILIATION OF FUNDS Total funds brought forward 3,797 691,423 695,220 1,341,596 TOTAL FUNDS CARRIED FORWARD 14,825 2,038.196 2,053,021 695,220 The notes form part of these financial slalaments
Doousign Envelope ID." CDD752A8-5A29-41BE-g7824570B30B3A25B BEGA KWA BEGA UGANDA STATEMENT OF FINANCIAL POSITION 29 FEBRUARY 2024 29.2.24 Total funds 28.2.23 Total funds UnreslTicled fund Restricted funds Notes CURRENT ASSETS Debtors Cash al bank 10 1.368 21.017 1.261,531 776,665 1,262,899 797,682 154,406 551,854 22,385 2,038,196 2,060,581 706,260 CREDITORS Amounts falling due within one year 11 17,5601 17.5601 (11,0401 NET CURRENT ASSETS 14,825 2.038,196 2.053,021 695,220 TOTAL ASSETS LESS CURRENT LIABILITIES 14,825 2,038,196 2,053,021 6g5,220 NET ASSETS 14,825 2,038,196 2,053.021 695,220 FUNDS Unreslricled funds Restricted funds 12 14,825 2,038.196 3,797 691.423 TOTAL FUNDS 2,053,021 695,220 finan 7 Novem er 28SV enls were approved by the Board of Trustees and aulhorised for issue on and were signed on its behalf by. bafl* IWSSLIL K Russell- Trustee The notes fom part of thase financial slalemenls 12
Docusign Envelope ID.. cDD752A8-sA2IE.7e2-870B8oB3A25B BEGA KWA BEGA UGANDA STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 29 FEBRUARY 2024 29.2.24 28.2.23 Notes Cash flows from operating aGtlvities Cash generated from opgralions 245,822 1798,5271 Nel cash provided byllused in) oper81ing acliwlies 245,822 1798,5271 Cash flows from investing aGtivities Interest r8ceived Nel cash provided by investing activities Change in cash and cash equivalents in thè reporting period Cash and ¢ash equivalents at the beginning of tlie rèporting period 245,828 1798,526) 551,854 1,350.380 Cash and cash equivalents at the 8nd of the reportlng period 797,682 551,854 The notes form part of these financial slalemenls
Dccuslgn Envelope ID.. CDD752A8-5A29.41BE-9782-67083083A25B BEGA KWA BEGA UGANDA NOTE5 TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 29 FEBRUARY 2024 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 29.2.24 28.2.23 Net Incomellexpenditurel for the reporting period las per thg Statement of Financial Activitlesl Adjustmènts for- Interest received In¢rease in debtors IDecrease)lincrease in creditors Net cash provided byllused in) operatlons 1,357,8Q1 {646,3761 {61 11,108.4931 13,4801 {11 1152.3901 240 245,822 1798,5271 ANALYSIS OF CHANGES IN NET FUNDS At1.3.23 Cash flow Al 29.2.24 Net cash Cash al bank 551,854 245,828 797,882 551.854 245,828 797,682 Total 551,854 245,828 797,682 The notes form part of Ihests financial statements 14
Docusign Envdope ID.. CDD752A6-SA2U-418E-9762470830B3A25B BEGA KWA BEGA UGANDA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 ACCOUNTING POLICIES Basis of preparlng the flnancial statements The lin8ncial slalemen15 of the charity, which is a public benefit enlily under FRS 102, have been prepared in accordan with the charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl ol Rewmmended Pracli¢e applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Finan¢ial Reporting Standard 102 'The Financial Reporting Sl8ndard applicable in the UK and Republic of Ireland, and the Charities Act 2011, The financial 5t8temenls have been prepared under the historical wsl convention. Bega Kwa Bega Uganda is an unincorporaled charity. The charity's principal address is 2 Honey Way, Walters Ash, High Wycombe, Buckinghamshire, HP14 4TT. The regislered charity number is 1100378. The presentation currency of these financial statements is Sleding 1£), being the currency ol the primary economi¢ market in which Ihe enlily operates. All amounts in Ihesa financial statements have been rounded lo the nearest pound unless stated otherwise. The significant 8ccounling policies applied in the preparation of thèse financial slalemenls ale sel out below. These policies have been consislenlly applied lo all years presented unless olhenNise slated. Critical a¢¢ounting Sudgements and key sourcès of estimation uncertainty In the appliGalion ol the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of a6sels and liabilities that are not readily apparent from other sources. The e51imales and associated assumptions are based on hislorKal experience and other factors that are consldered relevant. Actual results may differ from these tsstimales. The eslimales and underlying assumptions are revEwed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is rewsed, if the revision affects onSy that period, or in the period of the revisioll and future periods if the revision affects both current and future periods. The areas for which eslimalion has been applied are considered to be in calcu181ing 8¢cruals. Allhough these areas are subject to judgement, they are not considered lo be subject lo significant eslimalK)n, Income All income is recognised in the Slalement of Financial A¢livilies once the charity has enlitlemtsnl to the funds, il is probable that the income will be received and the amount can be measured reliably. ExpènditL5re Liabilities are recDgnised as expenditure as soon as there is a legal 01 conslruclive obligation commilling the charity to Ihal expenditure, it is probable that a Iransler ol economic benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where Costs cannol be directly allribuled to partTar headings they have been allocated lo activities on a basis ¢onsislenl with the use of resources. Grants offered subject lo conditions which have not been met al the year end dale are noted 88 a mmilmenl bul not 8ccrued as expenditure. Taxation The charily is exempt from tax on ils charitable aclivilies.
Do(AJslgn Envelope ID". CDD752A&5A29.418E.9782470830B3A258 BEGA KWA BEGA UGANDA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 29 FEBRUARY 2024 ACCOUNTING POLICIES- contlnued Fund accounting Unreslricled funds can be used in accordance the charitable objectivès al the discretion of the Iruslees. Reslricled funds can On be used for particular reslricled purposes within the objects of the charity. Restrictions arise when Specified by the donor or when funds are raised for particular restricted purposes. Further explanation of tho nature and purpose ol each fund is included in the notes lo the financial slatemenls, Financlal instruments The charity has applied the provisions ol Section 11 Basic Financial Instruments" and Section 12 "other Financial Inslrumenl Issuas" of FRS 10210 ils financial slalemenl$. Financial instruments are classified and accounted for, according lo the substance of the contractual arrangement, as either financial assets. financial liabililies or equity instwmenls. An equity instrument is any cc>nlracl that evidences a residual interest in the assets of the company after deducting all ol ils Debtors and creditors due within one ear Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising frorN impairment are recognised in the Slalemenl of Financial Acliwlies in adminislralive expenses. Cash and cash e uivalenls Cash and cash equivalents in the Statement of Financi81 Position comprise cash at bank and in hand and short term deposits with an original malurily dal& of three months or ltsss. Bank overdrafts are disclosed within creditors on the Slalemenl of Financial Position. DONATIONS AND LEGACIES 29.2.24 2e.2.23 Donations Gift aid Grants 15.699 1,608 2,139,219 15.947 1,467 385,406 2,156,526 402,820 Grants reIved. induded in the above, are as follows.. 29.2.24 28.2.23 Grant 2,139,219 385,408 16
Docus EnvÈlopÉ ID.. CDD752A8-5A2&41BE-9782470B30B3A258 BEGA KWA BEGA UGANDA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 29 FEBRUARY 2024 OTHER TRADING ACTIVITIES 29.2.24 28.2.23 Fundralsing events 1,329 1,380 INVESTMENT INCOME 29.2.24 28.2.23 Deposit account interest RAISING FUNDS Ralsing donatlons and legacies 29.2.24 28.2.23 Sundries 620 577 CHARITABLE ACTIVITIES COSTS Grant funding of aclivilies (see note 71 Bega Kwa Bega in Uganda 791,724 GRANTS PAYABLE 29.2.24 28.2.23 Bega Kwa Bega in Uganda Th8 total grants paid lo inslilulion8 during the year was as follows.. 791.724 fj,041,180 29.2.24 28.2.23 Bega Kwa Bega Limited la charity registered in Ugandal 791,724 1,041,180 17
Docu51gn Envelope ID.. eDD752sA2g-4IBE-g782-6709?0B3A2s8 BEGA KWA BEGA UGANDA NOTES TO THE FINANCIAL STATEMENTS- contlnuèd FOR THE YEAR ENDED 29 FEBRUARY 2024 SUPPORT COSTS Governance costs Finance Totals Other re8ourc6s expended 156 7,560 7,716 TRUSTEES. REMUNERATION AND BENEFITS There were no Iru51ees' remuneration or other benefits for the year ended 29 February 2024 nor for the year ended 28 February 2023. Tru$lees' expenses There were no Iruslees, expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023. 10. DE8TORS.' AMOUNTS FALLING DUE WITHIN ONE YEAR 29.2.24 28.2.23 Other debtors 1,262,899 154,406 11. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 29.2,24 28.2.23 Other creditors 7,560 11,040 12. MOVEMENT IN FUNDS Nel movement in funds Al 29.2.24 Al 1.3.23 Unrestrlcted funds General fund 3,797 11,028 14,825 Restrlcted funds Bega Kwa Bega Uganda Admin Sch¢Jol Construction Project Education and Sponsorship School Gardens Project 319,588 370,468 1,367 17,7241 1182,7081 11,3611 1,538,566 311,884 187,760 1,538,566 691,423 1,346,773 2,038.fj96 TOTAL FUNDS 695,220 1,357,801 2,053,021 18
DCUsn Envelope10.. CDD752A8-5A29-41BE-9782-670B30U3A258 BEGA KWA BEGA UGANDA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 29 FEBRUARY 2024 12. MOVEMENT IN FUNDS- continued Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 19,364 {8,3361 11,028 Restricted funds Bega Kwa Bega Ug8nda Admin School Construction Project Education and Spon$orship Water School Gardens Proje¢l 56,368 113,084 6,639 875 1.961,531 164,0921 1295,7921 18.0001 18751 1422.965) 17,7241 1182.7081 11,3611 1.538,566 2.138,497 1791,7241 1.346,773 TOTAL FUNDS 2,157,861 1800,0601 1,357.801 Comparatlv8s for movement in funds Nel movement in funds Transfers between funds Al 28.2.23 Al 1.3.22 Unrestricled funds General fund 7,026 19051 12,3241 3,797 Restricted funds Bega Kwa Bega Uganda Admin School Construction Project Education and Sponsorship 324,057 996,969 13,544 {4,469) 1626,501) 114,5011 319,588 370,468 1.36.7 2.324 1,334,570 {645,4711 2.324 691,423 TOTAL FUNDS 1,341,5 {646,3761 695,220 19
DocusvJn Envdoptr ID.. CDD752A&5A29418E-9782470830B3A25B BEGA KWA BEGA UGANDA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 29 FEBRUARY 2024 12. MOVEMENT IN FUNDS- continued Comparative nel movement in fLJnds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 8,492 19.3971 19051 Restrlcted funds Bega Kwa Bega Uganda Admin School Construction Project Education and Sponsorship Water 72,413 305,993 16,603 700 {76.8821 1932,4941 (31,1041 17001 14,469) {626,501) 114,501) 395,709 11,041,180) {645,471) TOTAL FUNDS 404,201 {1,050,5771 {646,376) Bega Kwa Bega Uganda Admin is the funds iaised lo send lo Uganda for the staff, teachers and other adminislralive costs of the school and running the Ugandan organisalion. School Construction Project is the funds for the building work in Uganda. Education and Sponsorship is the funds raised lo sponsor the education of vulnerable children through the Uganda school and into higher education. Water is the prO810n of clean water sources in th8 villages surrounding the school. The School Gardens Project is for the irnprovament of agricultur6 and nutrition of the students by edu¢aling and assisting of the local communilies. 13. RELATED PARTY DISCLOSURES There were no related party Iransactlons for the year ended 29 February 2024 or 28 February 2023. 20
Docu$lgn Envelope1D." CD0752A8-5A29-41BE-9782*70B30B3A25B BEGA KWA BEGA UGANDA DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024 29.2.24 28.2.23 INCOME AND ENPOWMENTS Donatlons and legaclès Donations Gift aid Grants 15.699 1,608 2,139,219 15,947 1,467 385,4Q6 2.156,526 402,820 Othar trading actlvities Fundraising events 1,329 1,380 Investment income Deposit account interest Total incomlng resources 2,157,861 404,201 EXPENDITURE Raising donatlons and legacles Sundries 620 577 Charitable activities Grants paid 791,724 1.041,180 Support costs Flnance Bank charges 156 180 Governancè costs Auditors, remuneration 8,640 Total resources expended 800,060 1,050,577 Net inGomallexpendlturel 1,357,801 1646,3761 This page does not form part of the slalulory financial slalemenls 21