ESUUBI TRUST
Financlal Accounts
And Trustees Report
29 December 2024
Charity No. 1115864
Company No. 05863107

Esuubi Trust
Hope of a future
(A charitoble company limited by guaronteej
Report and Financial Statements
For Financial year ended 29th December 2024
Charity number: 1115864
Company Number: 05863107
Contents
Pa
eNo.
Reference & Administrative Informatlon
Esuubi Overview
2024: The Start of NewThinEs
Holistic Approach
Sponsorship
Education & Progress
Structure & Governance
UK Focus & Finance
34

Reference & Administrative Information
Charity Name:
Esuubi Trust
Registered Charity number:
1115864
Registered Company Number".
05863107
Registered office and
Operational address:
81 Pashley Road
Eastbourne
East Sussex
BN20 8EA
Directors
Mrs Kate Campion-smith
Mr Jonathan Campion-smith
Dr Simon Eyre
Mrs Ann Eyre
Mr Nigel Campion-smith
Ms Karen Benge
Ms Nathalie Bonney
Accountants & Independent Examiners
O Olasode BSC Msc MBA IPSM FCCA PhD
Chartered Certified Accountants
TL First Limited
I Copers Cope Road
Beckenham
Kent
BR3 INB
Bankers
National Westminster Bank Plc, Eastbourne Town Centre Branch, 96 Terminus Road,
Eastbourne. BN213AA
Solicitors
Latham and Watkins. 99 Bishopsgate, London, EC2M 3XF
Ugandan Committee of NGO: Esuubi the Hope for a Future Mityana
Head of Operations: Pastor Kisakye Abdul
Headteacher & Secretary: Namagembe Suzan
Committee Member: Kisakye Winnifred
Committee Member: Male Hassan
Committee Member." Musisi Charles
Esuubi Uganda Mobiliser: Kintu Margaret
Committee Member: Viollah Birungi
Committee Member: Timothy Ssemakula

Esuubi Overview
Esuubi means 'hope' in Luganda and the
work of Esuubi Trust is aimed at building
communities; providing a renewed hope
and vision to every individual within that
community. Uganda has an ever-improving
provision of primary education for children
with their net enrolment now standing at
around 90%. However, the number of these
who complete their education or gain
significant grades is significantly lower.
There is also a significant discrepancy
between access to education for boys vs
girls.
Enrolment into Secondary School falls to
23Yo as the cost of accessing these schools is
ever rising. The rates of enrolment in the
richest 20/0 of the country are 5 times that of the poorest. Based on the International Poverty
line around 42Yo of the country are classed as poor, and have limited access to clean water
and quality sanitation. 810/0 of the population lack reliable water access. It is no wonder many
don't make it to the next stage of education.
19Yo of girls in the country still have no form of formal education despite universally free
education at primary level provided by the government. It is still common for physical
punishment to be used on children. It is estimated that 85Yo of children experience physical
or psychological punishment by a caregiver. Esuubi believes this is unacceptable and is aiming
to change the life opportunities of the children we help to support.
We have been supporting projects for 19 years within Mityana on a formal basis since our
registration as a charity in 2006, but also in an informal capacity prior to that. Esuubi supports
the work of the NGO: Esuubi Hope of a Future Group, a locally registered organisation that
runs all the projects in Uganda. Firm foundations for our work have been built through strong
working relationships with the key individuals and stakeholders in Mityana. We believe
strongly in focusing our impact on one community in order to support and nurture change.
Our vision is...
"For every child in Uganda to know the love of a mother, the support of a family and the
hope of afuture...
Our mission is...
o build communities and change lives in Uganda by giving the neediest children afamily.
a home. an educotion and the chance of a better life.-
Our values...
We believe every child has the right to be loved...
Love is a force which inspires. empowers. liberates. creates and sustains. Above all, we must
provide for the orphans of Uganda a love which enables them to love and care for those
around them. In time this will forge an enduring community. which supports its weakest and
defends its most vulnerable.

We believe every child has the right to occess water. food. shelter and education...
Although conditions for many have improved in Uganda it is sadly the most vulnerable who
have no access to clean water. safe Shelter and an education. We believe that through
providing Uganda's needy children with access to water. food, shelter and education, we can
help to break the poverty cycle to build a more sustainable future for the whole country.
We believe in the difference that can be made by improving one life at a time...
Esuubi believes that by shifting the course of a single life we can impact the lives of many
others. At the heart of Esuubi is an understanding that in order to change lives in the future
we must grow a generation who have the life skills, education and understanding of how to
survive in a changing world.
2024: The Start of New Things...
Throughout
2024
we
have
continued to work in partnership
with the NGO in Uganda, Esuubi
Hope of a Future Group. Their work
has
centered
around
the
opportinities provided for children
and young people in Mityana,
Uganda. Ekiwumulo Primary School
has continued to flourish this year,
providing
more
children with
academic opportunies as well as
competitive experiences in the arts
and sports.
As in 2023. two trustees were able to
visit Uganda in February/ March and
reported the progress of the school and
Ekiwumulo Village as a whole. At the
start of the yearwe were able to provide
beds. mattresses and mosquito nets for
further two houses to open at
Ekiwumulo.
significant donation
allowed us to fund work on drainage of
the site to help protett buildings from
rain damage. In September we were also
able to send funds to complete
playground equipment for the nursery
section of the school.
At the start of the year there were over 400 children registered at the school. The teachers
have committed to develop their own learning further and continually improve their provision
within the classroom. Some of the teachers are studying for diploma qualifications
themselves in order to enhance what they are able to offer to the children.

This year we have been thrilled to sell our first crop of coffee from
the bushes planted two years ago. This is an endevour we will be
continuing to expand upon in the coming year in orderto embed the
sustainabilitry of our farming projects. The site continues to grow
matooke, banana, cabbages and maize, as well as grazing a few cattle
and goats.
The Esuubi Café has continued to operate at low levels this year.
Reduction in tourist numbers, and limited to access to the roads
surrounding the café, has meant we have been limited to local
business and events in order to fund the running of the café.
Trustees from the UK are set to discuss the future of the Esuubi Café with the NGO in 2025 in
order to decide what is best in terms of either gaining more local trade or looking to whether
we need to consider the sale of this asset. For now, the NGO is maintaining and ensuring the
low-key day to day running. They are also ensuring that those who are employed by the NGO
receive their salaries in order to allow them to support themselves and their own families.
Ekiwumulo Primary School celebrated outstanding results again thTS year with an astounding
86Yo achieving a first or second grade. This is a 20Yo increase on last years impressive results
and 24% above the national average for Primary Schools in Uganda. Not only thi5 but IOOYO
of students passed the Primary 7 Examinations thi5 year with a Third Grade or above. This is
compared to 83% nationally. These results are a testament to the hard work of both the
children and staff at Ekiwumulo Primary School. We would like to thank all the staff at the
school who go above and beyond to make results like this a reality for many disadvantaged
children.
Holistic Approach
Ekiwumulo Village has remained the centre for the projects
supported by Esuubi. At the start of the year there was 177
children living on site. Ekiwumulo has been designed around
Esuubi's core values. It remain5 a strong and viable community,
which we hope to be fully self-sustaining in future. In keeping with
Esuubi's ethos Ekiwumulo is designed as a village community,
with local culture and heritage at its very core. There is no
orphanage, as such, but rather chTldren are brought up by foster
mothers, allowing them to experience the love and care of a
family environment.
At Ekiwumulo children live within familygroups, each with their own house and foster mother
caring for them. These "families" have been created to ensure that the orphans receive the
love and care so often taken for granted in a family situation. In addition, the mothers are
able to teach their children about the values and responsibilities of being a part of the family.
As part of this each family group is assigned not only their house to care for, but also tasks in
the day to day running of the local community. This includes small scale gardening
responsibilities, as well as cleaning and general care for the compound and surrounding area.
This allows the children to learn the skills that they would be learning in a traditional Ugandan
village.

The health and wellbeing of the children at
Ekiwumulo continues to be a top priority for the
children in our care. Children who are HIV positive are
supported by the mothers and the local Mildmay
Centre. There is ongoing counselling and support of
children who are HIV positive and advice and
guidance of healthy lifestyle and choices are taught
through the school curriculum.
Sadly, this year we lost one sponsored child to a rare fatal heart condition. She had been sick
for a long time and it was with great sadness that members of the Esuubi NGO organised for
her burial in June this year. We are so grateful for the love and care the NGO in Uganda was
able to provide her over the past few years and particularly the support given to her in her
final days in hospital.
Sponsorship
Sponsorship of children remains a primary source of income'for Esuubi. Esuubi has ended this
rinancial period with a total of 107 children sponsored, 10 teachers sponsored and a further
22 students being supported through further education. 18 of the children supported are in
Primary education and a further 83 are in Secondary education. This reflects similar numbers
of sponsors to our overall figures from last year. This is an area we continue to look to develop
in 2025.
Esuubi's method of sponsorship has always been one of holistic
support, and as such the sponsorship money provided goes via
the Ugandan NGO to support the whole community at
Ekiwumulo (as well as specific children we support through
secondary and further education). Figures from a trustee visit
in 2024 show who the NGO is supporting within Ekiwumulo.
These figures indicate that just under IO% of the children.
SUPPOrted by Esuubi, living at Ekiwumulo currently have
sponsors.
At the time these figures were recorded this left 160 children
who are supported from sponsorship funds but do not currently have sponsors. We need to
continue to get more sponsors in order to change this situation. As was the case last year, this
problem is likely to continue as our cohort moves from primary to secondary and more needy
children arrive to take their place.
Over the past yearthe work with our sponsored children and their sponsors has continued to
be overseen by the Ugandan NGO director Kisakye Abdul, in conjunction with the teaching
staff at Ekiwumulo, and in particular the head teacher Suzan Namagembe.
Esuubi would like to thank all those who Sponsor individuals in Uganda for the difference they
are making not only to the lives of their sponsored children but also those around them. In
particular, we would like to thank the mothers who care forthese children day in day out, and
the teachers who provide above and beyond what you would See at an average Ugandan
Primary School.

Education & Progress
Ekiwumulo Primary School continued into 2024 with 14 teachers
with all year groups attending. At the start of the year there were
over 400 children registered at the Primary school.
Esuubi believes that every child is different, and as such the
provision fortheir education should be unique to that child's needs.
Esuubi has therefore continued, via the Ugandan NGO. to support
students both at formal school settings and alternative for those
who have chosen less academic routes for their education. This
year saw some students continuing some of their studies in
tailoring, procurement and logistics, vetinary diplomas and
plumbing at Ebenlo Vocational Centre.
Structure and Governance
Esuubi Trust was incorporated as a limited company on 30 June 2006 and was later registered
on 21 August 2006 as a Charity underthe Charities Commission. The company was established
under 3 Memorandum of Association which established the objects and powers of the
Charitable Company and is governed under its Articles of Association. In the event of the
company being wound up members are required to contribute an amount not exceeding £10.
Directorsnrustees
The directors of the company are also charity trustees for the purposes of charity law.
Trustees Induction & Training
All trustees were familiar with the work of Esuubi Trust on applying for trustee positions and
as such are aware of the following:
The obligations of Directors
The main documents which set out the operational framework for the charity
including the Memorandum and Articles
The current financial position as set out in the latest published accounts
Objectives and future plans
Organisational Structure
Esuubi has seven Directors, who aim to meet termly and are responsible for the strategic
direction and policy of the charity. Esuubi operates in the day-to-day delivery of services
through the work of volunteer trustees and a number of volunteers other than the trustee
board. In Uganda, the NGO- Esuubi Hope of a Future Group - meets at least once a term and
where the need arises in between. There are currently six members of the committee and
they are still registered as an NGO independent of Esuubi UK.

UK Focus & Finance
Over the past year, we have approximately maintained the level of incorne achieved in 2023
through the sponsorship program and various small-scale events run throughout the country.
For example, the cream teas throughout the summer months again raised money and
awareness of what Esuubi is doing in Uganda. Our regular sponsorship scheme has provided
the most significant Stream of income throughout 2024 but this is nearly matched by
miscellaneous giving as well.
The financial outcome for the period saw net incoming funds of over £79.090. This can be
broken down as follows. A total of £44.420 has been raised from regular sponsorship giving
schemes (including child sponsorships, those supporting teachers and students in higher
education). The proportion of funding this accounts for is very similar to last year. The
maintained level of income this year has helped us to continue to support the work of the
NGO, Esuubi Hope of a Future Group. in Uganda. An increase in costs generally will mean that
in future we will need to consider how to increase this income further to continue effectively
supporting the work of the Ugandan NGO.
Principal Funding Sources
Apart from generating fundsthrough individual sponsors, the principal funding source for the
charity is currently from individual sponsors and small organisations, such as churches and
societies. We are especiallygrateful to Guildford Methodist Church, HolyTrinity with St John's
Penge, and St Elisabeth's Eastbourne. who have continued to aid us with supporting the
children in Uganda.
Investment Policy
Considering the situation that the company is in, and the fairly immediate provision required
in Uganda, the directors have decided again this year that they will avoid the use of any form
of investment funds. This may be reviewed as and when decided by the Directors.
Reserves Policy
The directors have examined the charitvs requirements for reserves in light of the work they
are doing and the main risks to the organisation. It ha5 been established since the start of the
charity, that funds held by the charity should aim to be 4 months of the expenditure on
sponsor schemes. and long-term projerts including provision of healthcare and basic
necessities at Ekiwumulo Village. This is reflected in our reserves entering 2025. Whilst the
income funds amounted to £79,090, a balance of £31.884 remained at the end of 2024 with
expenditure totaling £88,792 during the year. This expenditure reflects basic provision for
education, health and well-being of the children. and salaries for those working with the NGO
in Uganda. It also includes provisions of mattresses, bedding, mosquito nets, new drainage
Systems, nursery school play equipment and costs for medical care and burial costs for one of
the sponsored children who was extremely sick.
Expenses
The cost of general expenses this year was again less than 1%. This has enabled us to continue
to maximize the use of money given to the Ugandan NGO overseas in supporting orphans and

needy children in Uganda. Esuubi will once again aim to keep costs as low as possible over the
coming year in order to ensure all money raised for the children of Mityana reaches them.
Responsibilities of the Dirertors
Company law requires the Directors to prepare financial statements for each financial year
which give a true and fair view of the state of the affairs of the charitable company a5 at the
balance sheet date and of its incoming resources and application of resources, including
income and expenditure. for the financial year.
In preparing those financial statements, the Dirertors should follow best practice and in so
doing:
Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent; and
Prepare the financial statements on the going concern basis unless it is inappropriate
to assume that the company will continue on that basis
The Directors are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to
enable them to ensure that the financial statement5 comply with the Companies Act 2006.
The Directors are also responsible for safeguarding any assets of the Company and hence
taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities.
Dirertors
Directors who for the purpose of charity law are also trustees. who served during the year
and up to the date of this report, are set out on page l.
In accordance with company law, as the company's directors, we certify that:
So far as we are aware. there 15 no relevant audit information of which the company's
auditors are unaware; and
As the directors of the company, we have taken all the steps we ought to have taken
in order to make ourselves aware of any relevant audit information and to establish
that the charities auditors are aware of that information.
Accountants & Independent Examiners
O Olasode Bsc Msc MBA IPSM FCCA PhD of TL First Limited Chartered Certified Accountants
was appointed as the charitable coMpan￿S Accountants and Independent Examiners during
this financial year.
This report has been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities and in accordance with the provisions in Part 15 of the
Companies Act 2006 relating to small entities.
Approved by the Directors on and signed on its behalf by:
Mrs Kate C3mpion-Smith (Director)
Date {DD/MM/YY}

ESUUBI TRUST
FTNANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED ?9 DECEMBER 2024
ACCOUNTANTS, AND INDEPENDENT EXAMINER'S REPORT
report to the trustees on my examination of the accounts of the Esuubi Trust for the year
ended 29 December 2024.
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 Charitie5 Act 2011 ("the ACV,). I report in respect
of my examination of the Trusvs 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 under section 14515)(b) of the Act.
Independent examinerfs statement
l am qualified to undertake the examination by being a qualified member of the Chartered
Association of Certified Accountants (ACCA) and Fellow of the Association (FCCA).
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination (other than that disclosed below ) 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 fairf view which is not a matter
considered as part of an independent 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.
Drol
asode FCCA
Chartered Certified Accountant
TL First Accountants Limited
TL First Limited
Date:
,,L go

ESUUBI TRUST
FNANCIAL STATEMENTS AND TRUSTEES RFPORT
YEAR ENDID 29 DECEMBIR 2024
STATEMENT OF FINANCIALAcllviTIES
UNRESTRICTED
FUNDS
2024
RESTRicfED
FUNDS
2024
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
NOTE
INCOMING RESOURCES
Voluntary Income
Investment Income
Other Incoming resources
Incoming resources from
charitable attivities
TOTAL INCOMING RESOURCES
33,529
45,561
79,090
80,795
33.529
45,561
79,090
80,795
RESOURCES EXPENDED
Cost of generating funds:
Cost of generating voluntary
income
Cost of goods sold and other
costs
Investment Management Costs
Charitable Activities
Governance Costs
22,168
800
66,685
88,853
800
94,055
TOTAL RESOURCES EXPENDED
22.968
66,685
89,653
94,055
NEf INCOME/EXPENDITURE
FOR THE YEAR BEFORE
TRANSFER
10,561
{21.124) (10.563) (13,261)
Transfer5 between Funds
Prior Year Adjustment
Total Funds Brought Forward
2,680
(23.061)
65,313
42.252
55,513
Total Funds Carried Forward
(9.820)
44,189
34,369
42,252

ESUUBI TRUST
FtNANCIAL STA TF.MFNTS AND TRUSTEES REPORT
YEAR ENDED 29 DECEMBER 2024
BALANCE SHEFr
NOTE
2024
2023
Fixed Assets
Tangible Assets
Investments
CURRENT ASSErs
Stock: Items for resale
Debtors & Prepayments
Cash & Bank
34,369
43,527
Creditor5: falling due within one year
NE[ CURRENT ASSETS
34,369
43,527
NET ASSETS
34.369
43.527
INCOME FUNDS
Restricted
Unrestritted
Adjustment for Bank Balance
44,189
(9,820)
65,313
123,061)
1,275
43,527
34.369
The Directors and Trustees have:
For the year ending 29 Oecember 2024, the company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities.
The members have not required the company to obtain an audit of its accounts for the year
in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the
Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
Mrs Kate Campion-smith (Dirertor)
Date

ESUUEII TRUST
FINANCIAL STATF_MF.NTS AND TRUSTEFS REPORT
YEAR ENDED ?9 DECEMBER 2024
NOTES TO THE FINANCIAL sfATEMENTS
I. BASIS OF PREPARATION
1.1. Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2. Going Concern
The charity is a going concern and the accounts have been prepared on a going concern basis.
1.3. Change of accounting policy
There is no change of accounting policy during the period.
1.4. Changes to accounting estimates
There is no change to accounting estimates during the period
1.5. Material prior year adjustments
There are no material prior year adjustments during the period.
2. ACCOUNTING POLICIES
2.1. Income
Recognition of
income
These are included in the Statement of Financial Activities (SOFA) when:
the charity becomes entitled to the resources;
it is more likely rhan not that the trustees will receive the resources;
and
the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities. or income and expenses,
unless required or permitted by the FRS 102 SORP or FRS 102.
Offsetting
Grants and
donations
Grants and donations are only included in the SOFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants. income must only be recognised to
the extent that the charity has provided the specified goods or services as

ESUUBI TRUST
FfNANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED 29 DECEMBER 2024
entitlement to the grant only occurs when the perforn]ance related conditions
are met {5.16 FRS 102 SORPJ.
Legacies
Legacies are induded in the SOFA when receipt is probable. that is. when
there has been grant of probate, the executors have established that there are
sufficient assets in the estate and any conditions attached to the legacy are
either within the control of the charity or have been meL
Government
grants
The charity has re￿iVed government grants in the reporting period
Tax reclaims on
donatfions and
Gift Aid receivable is included in income when there is a valid declaration
from the donor. Any Gift Aid amount recovered on a donation is considered to
be part of thatgift and is treated as an addition to the same fund as the initial
donation unless the donor or the terms of the appeal have specified otherwise.
Contractual
income and
performance
related grants
This is only induded in the SOFA once the charity has provided the related
goods or services or met the perforniance related conditions.
Donated goods
Donated goods are measured at fair value (the amount for which the asset
could be exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is
deemed to be the fairvalue of those gifts atthe time oftheir receiptand they
are recognised on receipL In the reporting period in which the stocks are
dt5tributed, they are recognised as an expense at the carrying amount of the
stock% at distribution.
Donated goods for resale are measured at fair value on initial recognition.
which is the expected proceeds from sale less the expected costs of sale, and
recognised in 'lncome from other trading activities, with the corresponding
stock recognised in the balance sheeL On its sale the value of stock is charged
against'lncome from other trading activities, and the proceeds from sale are
also recognised as 'lncome from other trading activities..
Goods donated for on-going use by the charity are recognised as tangible fixed
assets and included in the SOFA as incoming resources when receivable.
Gifts in kind for use by the charity are included ID the SOFA as income from
donations when receivable.
Donated
services and
facilities
Donated services and facilities are included in the SOFA when received at the
value of the gift to the charity provided the value of the gift can be measured
reliably.
Donated services and facilities that are consumed immediately are recognised
as income with an equivalent amount recognised as an eKpense under the
appropriate heading in the SOF
Support Costs
The charity has incurred expenditure on support costs.
Volunteer help
The value olany voluntary help received is not included in the accounts but is
described in the trustees. annual reporL
Income from
interest.
royaltffies and
This is included in the accounts when receipt is probable, and the amount
receivable can be measured reliably.

ESULfBI TRUST
FTNANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED 29 DECEMBER 2024
dividends
Jncome from
membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in
Donations and l￿gac7es.
Membership subscriptions which gives a member the right to buy services or
other benefits are recognised as income earned from the provision of goods
and services as income from charitable attivities.
Settlement of
Insurance
claims
Insurance claims are only included in the SOFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as
an item of other income in the SOFA
Jnvestment
gains and10sses
This includes any realRsed or unrealised gains or losses on the sale of
investments and any gain or loss resulting from revaluing investments to
market value at the end of the year.
2.2. Expenditure and Llabilities
Liability
recognition
Liabilities are recognised where it is more likely than not that there is a legal
or constructive obligation committing the charity to pay out resources and the
amount of the obligation can be measured with reasonable certainty.
Governance and
support costs
Support costs have been allocated between governance costs and other
support. Governance costs comprise all costs involving public accountabiltty
of the charity and its compliance with Tegulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources. eg allocating
property costs by floor areas. or per capita, staff costs by the time spent and
other costs by their usage.
Where the charity gives a grant with conditions for its payment being a
specific level of service or output to be provided, such grants are only
recognised in the SOFA once the recipient of the grant has provided the
specified service or outpuL
Grants wfith
performance
conditions
Grants payable
without
performance
conditions
Where there are no conditions attaching to the grant that enables the donor
harity to realistically avoid the commitmenL a liability for the tull funding
obligation must be recognised.
Redundancy cost The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any
trade discounts
Provisions for
liabilities
A liability is measured on recognition at its historical cost and then
subsequently measured at the best estimate of the amount required to settle
the obligation at the reporting date
The charity accounts for basic financial instruments on initial recognition as
Basic financial
10

ESUUBI TRUST
FtNANCIAL STATF.MENTS AND TRUSTEES REPORT
YEAR ENDED 29 DECEMBER 2024
instruments
per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per
paragraphs 11.17 to 11.19, FRS102 SORP.
2.3. Expenditure and Liabilities
Tangible fixed
assets for use
by charity
These are valued at costand capiralised if they can be used for more than one
year. and cost at least £l.000
The charge for depreciation is calculated to writs off the cost of the fixed assets
over their useful lives on the following bases:
Office & Musical Equipment
Furniture & fittings
Motor Vehicles
Freehold Office
25% on the reducing balance
25% on the reducing balance
25% on the reducingbalance
1% on the Straight Line Method
Assets are depreciated from the time at which they are brought into use.
Intanglble
fixed assets
The charity has intangible fjxed assets. that is. non-monetary assets that do not
have physical substance but are identifiable and are controlled by the charity
through custody or legal rights. The amortisation rates and methods used are
disclosed in note 9.5
They are valued at cost
Heritage assets The charfty has heritage assets, that is. non-monetary assets with historic.
artistic. scientific. technological. geophysical or environmental qualities that
are held and maintained principally for their contributiorl to knowledge and
culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.
They are valued at cosL
Investments
Fixed asset investments in quoted shares. traded bonds and similar
investments are valued at initially at cost and subsequently at fair value (their
market value) at theyear end. The same treatment is applied to unlisted
investments unless fair value cannot be measured reliably in which case it is
measured at cost less impairnienL
Investments held for resale or pending their sale and trash and cash equivalents
with a maturity date olless than l year are treated as current asset
investments.
Stocks and
workin
progress
Stocks held for sale as part of non-charitable trade are measured at the lower
or cost or net realisable value.
Goods or services provided as part ola charitable actlvlty are measured at net
realisable value based on the service potential provided by items of stock
Work in progress is valued at cost less any foreseeable loss that is likely to
occur on the contracL
Debtors (including trade debtors and loans receivable) are measured on initial

ESUUBI TRUST
FTNANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED ?9 DECEMBER 2024
recognition at settlement amountafter any trade discounts or amount
advanced by the charity. Subsequently, they are measured at the cash or other
consideration expected to be received.
Debtors
Current asset
investments
The charity has has investments which it holds for resale or pending their sale and
cash and cash equivalents With a maturity date less than one year. These include
cash on deposit and cash equivalents with a maturity date of less than one year held
for investment purposes rather than to meet short term cash commttments as they
fall du
They are valued at fair value except where they qualify as basic financial
instruments.
2. INCOMING RESOURCES
Voluntary Income
UNRESTicfED
FUNDS
2024
RESTRicfED
FUNDS
2024
TOTAL
FUNDS
2024
TOTAL
FUNDS
2023
Donations:
Sponsorship
Healthcare
Food
Teachers
Higher Education
Miscellaneous
Construction
Cafe
Expansion
Alternative Gifts
VET
35,399
400
180
4,562
4,460
35,398
400
180
4,562
4,460
33,529
510
38,128
165
4,540
3,515
33,867
550
33,529
510
30
50
50
33.529
45,561
79,090
80,795
12

ESUUBI TRUST
FTNANCIAL STATEMENTS AND TRUSTEES REPORT
YEAR ENDED ?9 DECEMBER 2024
3. RESOURCES EXPENDED
ANALYSIS OF RESOURCES EXPENDED
COST OF
COST OF
GENERATING CHARITABLE GOVERNANCE
FUNDS
AcfiviTIES
COSTS
TOTAL TOTAL
2024
2023
Dirert Charitable
Sponsorship
Healthcare
Food
School & Salaries
Higher Education
Construction Work
Alternative Gift
Food, Healthcare and Living costs (Ugandal
Miscellaneous
46,805
200
215
11,904
7,500
46,805 29,920
200
215
120
11,904 3,155
7,500
2,185
0 58,614
22,168
88.792 94.055
22.168
88,792
Indirect Costs
Accountancy Fees
Expense5 (UK>
800
800
61
861
61
61
61
61
TOTAL RESOURCES EXPENDED
88.853
800 89,653 94.055
13