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2021-12-31-accounts

Trustees’ Annual Report for the period

From 1[st] January 2021 to 31[st] December 2021

Charity name: The Mvule Trust

Charity registration number: 1111410

Objectives and Activities

Objectives and Activities
SORP
reference
Summary of the purposes of the
charity as set out in its governing
document		 Para 1.17 The purposes of the Mvule Trust are general
charitable purposes in particular for the
advancement of education in Africa
Summary of the main activities in
relation to those purposes for the
public benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17
and 1.19		 Provision of scholarships and grants for
primary, secondary, and tertiary education and
vocational training.
Statement confirming whether the
trustees have had regard to the
guidance issued by the Charity
Commission on public benefit		 Para 1.18 The charity trustees are aware of the guidance
and have taken it into account when making a
decision to which the guidance is relevant

Additional information (optional) You may choose to include further statements where relevant about:

SORP
reference
Policy on grant making Para 1.38 Current policy is to grant former beneficiaries
funds to upgrade their qualification, i.e., go
from certificate in midwifery to diploma. Once
completed, this raises salary of beneficiary by
£45 a month, a not inconsiderable sum which
enables the beneficiary to build her (or his)
assets and support more brothers and sisters in
education, a multiplier effect of our work.
Policy on social investment
including program related
investment		 Para 1.38 No further statements
Contribution made by volunteers Para 1.38 No further statements
Other No further statements

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 We currently have about 20 beneficiaries
on scholarships. These are young people
in their late 20s and early 30s who we
established as needy and funded for
courses previously under The Mvule Trust
as long as ten years ago.
We are going area by area in Uganda
where we gave our large numbers of
scholarships earlier, and tracing and
identifying those who used the opportunity
well, and need an “upgrade”.
This is hope-inspiring for these young
people, who are models for others and now
get a chance to go to a higher level of
qualification, which means, especially if
they are in government employment, that
their salary increases and they can take on
higher roles, like a midwife become head of
a small rural health unit.
This not an age group that gets attention,
yet they economically support their own
children, their siblings and their parents.
The benefits radiate outwards far beyond
the individual beneficiary.
The difference the charity has made to the
beneficiaries is to recognize their hard
effort since they previously obtained a
qualification funded by us, and to offer
them a chance to go to a new level through
a programme where they study while still
keeping their job (they obtain study leave).
This increases their self-esteem and their
standing as a person of worth in the
community.
As for wider benefits for society, we have
heavily documented in our tracer study of
432 students that beneficiaries that qualify
from a course support on average four
siblings in education.
(**These days are for those who are educated

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 The cost of upgrading from a certificate to a
diploma in nursing, for example, is£1166, a
cost completely beyond the means of our
demographic. Yet this is an investment that
we can make that pays itself back multiple
times over socially and economically.
We look forward to reaching further areas
of Uganda. In 2021 we held meetings with
former beneficiaries in the areas along the
border with DR Congo.
As a result of the visits, Mvule beneficiaries
are now linked up in WhatsApp groups and
share job opportunities with each other.
This building of social capital is a sign that
we have partially achieved our vision of a
‘cadre of young people who are educated
and self-confident’.
Finally, beneficiaries say that we helped
’break the belief that if you educate girls,
you waste your money’. This was also
important to us with our objective of
benefiting 75% girls.
Performance of fundraising
activities against objectives
set		 Para 1.41 No further statements
Investment performance
against objectives		 Para 1.41 No further statements
Other No further statements

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The Mvule Trust has no outstanding
liabilities and positive cash assets. It has a
regular revenue stream from donations
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves are held to cover costs of
banking, and administration. They are also
needed for grants required to be dispersed
in a timely fashion
Amount of reserves held Para 1.22 £38,479 held in bank accounts
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The principal sources of funds are
donations from individuals
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 No further statements
A description of the principal
risks facing the charity		 Para 1.46 The principal risk to our charity is that we
need to be able to operate largely remotely
with one physical verification trip a year. If
this were not possible (insecurity or break
down of internet so we can no longer
transfer fees to colleges, for example) then
we would lose touch with our beneficiaries.
Additional risks:
1. Lack of formal employment is a risk
to the model of our charity. To
counter this, former beneficiaries
have asked for start-up capital for
businesses. This is another model
entirely and would be an additional
risk. We have declined it.
2. Larger risks such as climate
change, natural disasters,
displacement and epidemics and
pandemics such were very much in
evidence in western Uganda on our
trip in 2021, including landslides and
overspill of the war in Eastern DR
Congo. Re COVID, schools were
closed for two full years in Uganda.

However, as educated members of their community, our former beneficiaries are better equipped than those who acquired less education, and are often called upon to take part in relief efforts. No further statements Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25		 Declaration of trust, dated 1/3/2005; and
amended by deed of amendment
31/7/2006 and 10/12/2009
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Trust Deed signed between the
two founders and three trustees on 1
March 2015
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Election to post by existing Trustees

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 No further statements
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 No further statements
Relationship with any
related parties		 Para 1.51 The Mvule Trust has a consultancy contract
with ACLAIM Africa Limited, of Plot 8,
Martyrs Way, Ntinda, P.O. Box 7202,
Kampala, Uganda to act as a fiduciary
agent to
1. maintain a bank account where the
funds disbursed by the client are
held
2. receive funds from the client and
acknowledge receipt of the same
3. receive instructions from the client
relating to payments to be made on
their behalf
4. disburse funds to effect payments to
tertiary institutions
5. provide reports for the funds
disbursed on a termly basis
Other No further statements

Reference and Administrative details

Charity name The Mvule Trust
Other name the charity uses N/A
Registered charity number 1111410
Charity’s principal address 38 Upper Road, Kennington, Oxford, OX1 5LJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
David Bowes Lyon Chair From 2005
Joel Kibazo Trustee From 2011
Richard Dowden Trustee From 2005

– Corporate trustees names of the directors at the date the report was approved

Director name Dates acted if not for whole year
N/A

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Cathy Watson , William Pike, Josephine Abalo

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date		 David Bowes Lyon
David Victor Bowes Lyon

Chair
10/10/22
10/10/22
THE MVULE TRUST THE MVULE TRUST THE MVULE TRUST 1111410
Receipts andpayments accounts CC16a
For the period
from		 2021
1st January		 To 2021
31st December
Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
29,742
-
-
-
-
-
-
-

29,742
-
-
-
29,742
11,668
4,600
143
67
-
-
-
-
-
16,478
-
-
-
16,478
13,264
-
25,215
38,479		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
29,742
-
-
-
-
-
-
-
29,742
-
-
-
29,742
11,668
4,600
143
67
-
-
-
-
-
16,478
-
-
-
16,478
13,264		 Last year
to the nearest £
Donations 29,742 -
- -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)
29,742		 -
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
-
Grants to Students
Uganda Administration(Aclaim agency		 11,668 -
4,600 -
Uganda Bank Charges 143 -
UK Bank Charges and commission 67 -
- -
- -
- -
- -
- -
**Sub total ** 16,478 -
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
13,264 - - 13,264 -
- - - - -
25,215 - - 25,215 -
38,479 - - 38,479 -

CCXX R1 accounts (SS)

10/10/2022

1

Section B Statement of assets and liabilities at Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
UK Bank accounts
Uganda Bank accounts
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
2,145
-
36,334
-
-
-
38,479
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval

CCXX R2 accounts (SS)

10/10/2022

2

CHARITY COMMISSION FOR ENGLAND AND WALE5 Independent examiner's report on the accounts +*• Section A Independent Examinerfs Report Report to the trusteesl members of The Mvule Trust On accounts for the year ended 2021 Charity no {if any) 1111410 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trusl.) for the year ended 3111212021. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)(b} of the Act. Independent examiner's statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independenl examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Narne: Relevant professional qualification{s) or body lif any): Address: IER Oct 2018

Section B Disclosure Only complete If the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity ac¢ount5.' direclions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. df, 3k IER Oct 2018