## **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 |**
**African Arguments)**
_As for the benefit for wider society, many_
_global studies show that the benefits of_
_education include having smaller and_
_healthier families. Our beneficiaries clearly_
_follow this trend._
_Our beneficiaries make a tremendous_
_contribution as foresters, teachers, nurses,_
_game guards, agriculturalists, social_
_workers, and in other professions including_
_business management. Even if they are not_
_in formal employment, they get ‘chances’_
_due to being educated, including episodic_
_work such as census taker or health_
_campaigns._| ## **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