Charity Registration No. 1132596
Company Registration No. 06973451 (England and Wales)
THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2021
| CONTENTS | |
|---|---|
| PAGE | |
| LEGAL AND ADMINISTRATIVE INFORMATION | 1 |
| TRUSTEES’ REPORT | 2 |
| INDEPENDENT EXAMINER’S REPORT | 7 |
| STATEMENT OF FINANCIAL ACTIVITIES | 8 |
| BALANCE SHEET | 9 |
| NOTES TO THE ACCOUNTS | 10 |
2020,21 Friends of St Michaels Trustees Report and Accounts
Contents
THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 JULY 2021
Trustees
Mrs V J Beach Miss F C Beach-MacGeagh Mr M Devlin Mr J L George Mrs D M Morrison Mrs S L Cashley-Reid Secretary Mr M Devlin Company Number 06973451 Charity Number 1132596 Principal Address 10 Park Road North Newnton Pewsey Wilts SN9 6JX
Registered Office 10 Park Road North Newnton Pewsey Wilts SN9 6JX
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 JULY 2021
The Trustees present their report and accounts for the year ended 31 July 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s constitution, the Companies Act 2006 and the Statement of Recommended Practice.
Structure, governance and management
The charity is a company limited by guarantee and regulated by a constitution dated 15[th] July 2009, amended on 21[st] October 2009.
The trustees, who are also the directors for the purpose of company law, and who served during the year were: Mrs V J Beach Miss F C Beach-MacGeagh Mr M Devlin Mr J L George Mrs D M Morrison Mrs S L Cashley-Reid
Trustees are elected by Members at the Annual General Meeting (AGM) to stand for 3 years but may stand again and be re-elected for a further period. Between AGMs individuals may be coopted by the Board to serve on the Board for the time up to the AGM and if they are to continue to serve their election will be ratified by the AGM. Currently the Charity's Members are all serving on the Board.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate the major risks
Objectives and activities
The charity’s objects are:
To provide grants, loans, and any other means of financial assistance as may be appropriate and such other services as may be appropriate or necessary, to St Michael’s Girls Primary School Busembatia Uganda and its sister school Bishop Williger’s Secondary School Busembatia or to any other school, individuals in need, charities, or other organizations working in Uganda to advance the education of persons under the age of 30 by providing and or assisting in the provision of facilities for education accommodation and nourishment of pupils and others at such schools or other organizations in order to develop their mental, physical and moral capabilities and to relieve financial need and suffering among orphans and others and prevent or relieve poverty and enable their ongoing development and sustainability whether caused by natural disaster, trouble, or catastrophe.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
Review of the year
The charity supports St. Michael’s school in Busembatia, Uganda. This is a girls’ primary school in a poor rural area. From this base we provide support to cover associated organisations and individuals in the locality: this includes individually sponsored orphans, who were once at St. Michael’s. The Okwasa home in Jinja that we purchased is being used by the sponsored orphans. We provide support to the local secondary school (Bishop Willigers) and we have raised money for another local primary school (St. Mulumba’s)
Funding & Fundraising
The charity is fortunate in its generous regular supporters: churches, a school, and other organisations as well as many individuals.
As with previous years we continued to gain significant support from St. Mary’s Church in Marlborough, St Francis School in Pewsey, the Morriston Rotary Club, Polio & Children in Need and Sir Harold Hood Charitable Trust. A number of parishioners of St. Luke’s Church in Bath have contributed to the St. Mulumba’s fund to provide help with lunches for the St Mulumba pupils.
We ran two fundraising campaigns this year during this difficult time of Covid.
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1) Get A Girl Back to School – This campaign raised £22,790
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2) Community Covid Support – This campaign raised £3,108 (and £4,186 last year)
Charitable Activities and Expenditure
This financial year has been dominated by the support we gave due to the pandemic.
The outbreak of the COVID epidemic meant that the planned Trustees 2020/2021 visits did not go ahead. The COVID outbreak in the UK has had little impact on the way we work as the Trustees work from home and we met via teleconferencing. However in Uganda the suspension of schools and difficulties in collecting school fees has led to hardship among those we support and hardship in the community.
SCHOOLS
Schools closed in March 2020 and only started re-opening in October 2020. We helped the schools purchase hand held thermometers, hand washing stations, soap etc. It was a government requirement that all schools had to be inspected to ensure that they had this equipment and facilities to gain a re-opening certificate. Schools that did not comply were unable to reopen –
For many pupils they had no education for 20 months – one of the longest school closures in the world due to the Covid pandemic.
October 2020
Primary 7 pupils at St Mulumba’s and St Michael’s and Senior 4 Pupils at Bishop Willigers returned to class – We funded all girls through the two terms to their national exams in March/April 2021. This was to ensure that no girl missed out on completing a stage of their education due to financial worries. We also funded boys’ lunches at St Mulumba’s and Bishop Willigers.
February 2021
Primary 6 and Senior 3 returned to class – We funded all girls for their first 12 weeks back to school including all requirement eg: pens pencils, lunch, sanitary pads. This was to ensure that no girl missed out on completing a stage of their education due to financial worries. We also funded boys’ lunches at St Mulumba’s and Bishop Willigers.
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
April 2021
Primary 4 and 5 pupils and Senior 1 returned to class – We funded all girls for their first 12 weeks back to school including all requirement eg: pens pencils, lunch, sanitary pads. This was to ensure that no girl missed out on completing a stage of their education due to financial worries. We also funded boys’ lunches at St Mulumba’s and Bishop Willigers.
May/June 2021
Primary 1,2 and 3 and Senior 2 returned to class – We funded all girls for their first 12 weeks back to school including all requirement eg: pens pencils, lunch, sanitary pads. This was to ensure that no girl missed out on completing a stage of their education due to financial worries. We also funded boys’ lunches at St Mulumba’s and Bishop Willigers.
COMMUNITY SUPPORT
Lockdown was instant and severe having an immediate impact on already a very fragile local economy. Add to this the late rains and poor harvest and there was hunger in the village. We managed to distribute maize flour and soap to the most needy in the village. Because lockdown was so long we only managed to help in a small way – but certainly our giving did make a difference and Sr Judith says that lives were saved. Sr Judith identified several very vulnerable girls who were not safe staying at home for such a long time and these girls were brought to school and stayed with teachers living on campus. We funded their care at school.
INTERNET
We continued our giving to ensure that wifi was available to all within the village. This included not only the regular monthly subscription but also a repair on the dish that picks up the signal from a tower in the trading town of Busembatia.
Building and Renovations
St Michaels’ School
One wall of the washroom that we built several years ago was showing signs of subsidence. The engineer discovered that this part of the building was built over a very old pit latrine. We funded the underpinning and rebuilding and retiling of this large washroom.
St Mulumba’s School
With schools closed for so long it was a good time to do a complete overhaul of the borehole at this school. Patch repairs had been done over the years but the corroded pipework needed to be stripped out and replaced. We funded this work.
Bishop Willigers
The development of this school continues to be our highest priority. There is a real need for a secondary school in the community and we have been funding the building of this school for over 10 years. This financial year we built a classroom block, another 5 stall pit latrine commissioned desk and chairs from a local carpenter. We also managed to fund the complete fencing of the school including metal gate and gatekeeper’s hut. Security is very important at the school, not only for the safety of the pupils but also to stop theft of equipment etc.
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
Sponsored Orphans
Three of the nine girls are now independent having graduated from their training course (Hotel Catering and Operations) and Nursing. The other girls were supported by us with the help of Sr Teo their guardian through the long lockdown. They are now all back studying. Three girls continuing with the nursing training with the other three still at Secondary School.
Factors outside our control and relationship with the beneficiaries
We are confident that the funding provided to the beneficiaries is used for the purpose that has been agreed. However we do not seek to take full responsibility for the way the Schools utilise the opportunity our funding provides to improve the welfare and education of the pupils.
Trustees and other supporters have in the past visited the School regularly to determine both short term pressing needs and longer term ones; that is ones which will continue the development of the school and enable its contribution to the development of the local community. The visits have fostered the sense of partnership with the School enabling shared responsibility on the use of grants made. They also provided a means of monitoring the effectiveness of these grants.
This year, because of the covid pandemic visits were not practical. We did however maintain close links through internet communications and we remain confident that they were a reasonable substitute given the knowledge and understanding gained previously. We hope to resume visits in the financial year 2022/23
Investment Performance
We had no investments beyond cash retained in a savings account at the Bank.
Policy in relation to reserves of unrestricted funds
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. At the end of the year unrestricted reserves were £24,677
compared with total expenditure of £67,917, Thus unrestricted reserves equated to 4.4 months of expenditure. The trustees consider this ratio, for this year as acceptable given the exceptional circumstances of two large special projects relating to Covid with total expenditure of £24,321. These projects were fully funded by special appeals and did not draw on the charity’s unrestricted funds.
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
Trustees’ responsibilities in relation to financial statements
Charity law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are responsible for safeguarding the assets of the charity and hence reasonable steps are taken for the prevention and detection of fraud and other irregularities.
In preparing this report, advantage has been taken of the exemption in the small companies’ regime.
On behalf of the board of trustees
Mr M Devlin
Trustee Dated 26[th] August 2022
2020,21 Friends of St Michaels Trustees Report and Accounts
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The Friends of St. Michael’s School, Busembatia, Uganda, Limited
Independent Examiner’s Report
For The Year Ended 31 July 2021
This report on the accounts of The Friends of St. Michael’s School for the year ended 31 July 2021, which are set out on pages 8 to 16, is in respect of an examination carried out in accordance with S.43 of the Charities Act 1993 (“The Act”).
Respective responsibilities of the Trustees and the Examiner
As Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of the Regulations and section 43(2) of the Act do not apply. It is my duty to issue this report on those accounts in accordance with the terms of the Regulations .
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(B) of the Act. That examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s statement
I connection with my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that in any material respect the requirement
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To keep accounting records in accordance with section 41 of the Act; and
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To prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or
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(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A J Morrison
Turner & Partners LLP
Chartered Certified Accountants
24 James Street West
Bath BA1 2BT 31[st] August 2022
THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2021
| Note Incoming resources Donations received 2 Investment income 3 Total incoming resources Resources expended Expenditure on Charitable 4 Activities Transfers between restricted 6 unrestricted funds Net movement in funds Fund balances at 1 AUGUST 2020 Fund balances at 31 JULY 2021 |
Unrestricted Restricted 2020/21 £ £ £ 16,535 40,366 56,901 6 0 6 16,541 40,366 56,906 33,822 34,096 67,917 3,200 (3,200) 0 (14,081) 3,070 (11,011) 36,902 18,562 55,464 |
2019/20 £ 48,071 76 |
|---|---|---|
| 48,147 58,199 |
||
| (10,051) 65,515 |
||
| 22,821 21,632 44,453 |
55,464 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
BALANCE SHEET
AS AT 31 JULY 2021
| Note Current Assets Cash at bank and in hand 5 Current Liabilities Total assets less current liabilities Income Funds 6 Unrestricted funds Funds held for designated projects General funds Total income funds |
2021 £ 44,453 - 44,453 21,631 22,821 44,453 |
2020 £ 55,464 - 55,464 |
|---|---|---|
| 18,562 36,902 55,464 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2021. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and are for circulation to members of the company.
The accounts were approved by the Board on 26th August 2022.
Mr M Devlin Trustee
Company Registration No. 06973451
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2021
1 Accounting policies
1.1 Charity Information
The Friends of St Michael’s School, Busembatia, Uganda Limited is a private company limited by guarantee incorporated in England and Wales.
1.2 Accounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/07/14, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1.3 Going Concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees’ continue to adopt the going concern basis of accounting in preparing the accounts.
1.4 Charitable Funds
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust’s work or for specific artistic projects being undertaken by the Trust.
1.5 Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and when the amount can be quantified with reasonable accuracy.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to the donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and the receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
1.6 Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred, inclusive of any VAT which cannot be recovered. The charity is not registered for VAT.
Charitable expenditure compromises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial Instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
1.9 Provisions
Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, if it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period it arises.
2020,21 Friends of St Michaels Trustees Report and Accounts
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
| 2 Donations received: St Mary's Church, Marlborough St Lukes St Michael Without St Francis School, Pewsey Allan and Nesta Ferguson Charitable Trust Polio and Children in Need Rotary Club of Morriston Rotary Club of Bourne End & Cookham Rotary Club of Llanelli Sir Harold Hood Charitable Trust Mr B's Emporium Province 12 Catenians Individual Donations Total Donations Donations for core activities for specific purpose unrestricted funds Total Donations 3 Investment income Interest receivable |
2020/21 £ 1,085 2,217 950 1,050 - 2,562 2,725 - - 1,000 360 - 44,951 56,901 40,366 16,535 56,901 2020/21 £ 6 |
2019/20 £ 1,216 1,821 5,000 4,000 325 2,000 3,600 1,000 29,109 |
|---|---|---|
| 48,071 35,788 12,283 |
||
| 48,071 2019/20 £ 76 |
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
4 Analysis of expenditure on charitable activities
| 2020/21 | 2019/20 | |
|---|---|---|
| £ | £ | |
| Sponsored Orphans | 3,443 | 10,456 |
| Okwasa Home for Orphans | - | - |
| Support to St Michael's Primary School | ||
| General Orphans | - | 764 |
| Building General | 3,083 | 3,445 |
| St Michael’s Covid Support | 2,099 | 5,084 |
| Get a Girl Back to School | 7,033 | |
| Feeding Programme | 308 | 2,939 |
| Feeding & Support to Nursery School | - | 332 |
| Medical Fund | 1,417 | 1,707 |
| Matrons' Wages | 652 | 691 |
| Literacy Project | 1,392 | 1,613 |
| Information Technology | 627 | 1,188 |
| Agriculture Project | 838 | 731 |
| Craft | 268 | 385 |
| Staff Welfare & Housing | 509 | 183 |
| Electricity | 376 | 663 |
| Waste Management | 191 | 186 |
| Sports | - | 706 |
| Other Costs | 661 | 858 |
| Total Support to St Michael's School | 19,457 | 21,475 |
| Support to St Mulumba's School | ||
| Feeding Programme | 2,402 | 2,030 |
| Building General | 487 | |
| Get a Girl Back to School | 6,994 | |
| Total Support to St Mulumba's School | 9,883 | 2,030 |
| Support to Bishop Williger's School | ||
| Sponsored Pupils | - | 376 |
| Building Programme | 21,753 | 16,419 |
| Equipment | - | 2,000 |
| Resources | 2,316 | |
| Feeding Progamme | - | 492 |
| Electricity | - | 1,983 |
| Sports | - | 130 |
| Get a Girl Back to School | 6,825 | 130 |
| Total Support to Bishop Williger's | 30,895 | 21,529 |
Table continues on the next page
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
| 4 Analysis of expenditure on charitable activities(continued) 2020/21 £ Support to the local Community Community Covid Support 2,931 Vulnerable Covid Support 537 Total Support to the local Community 3,468 Namunyumya Parish 426 Namungongo Convent 265 Overheads 81 Total expenditure on charitable activities 67,917 Expenditure charged to funds Restricted Funds 34,096 Unrestricted Funds 33,822 Total 67,917 5 Current Assets & Liabilities Cash at bank and in hand 2021 £ CAF Current 1,393 CAF Deposit 43,061 44,453 Current liabilities There were no current liabilities - |
2019/20 £ 2,457 322 60 |
|---|---|
| 58,328 35,401 22,930 |
|
| 58,331 2020 £ 3,898 51,566 |
|
| 55,464 - |
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
6 Analysis of charitable funds Analysis of movements in restricted funds
| Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
Balance Balance 1 August Expend- Transfer Transfer 31 Jul 2020 Income iture In Out 2021 £ £ £ £ £ £ |
|
|---|---|---|---|---|---|---|---|
| Sponsored Orphans Fund | 3,413 | 6,153 | 3,111 | 3,000 | (3,200) | 6,256 | |
| Okwasa Home Fund | 4,606 | (3,000) | 1,606 | ||||
| General Orphan Fund | 2,130 | 955 | 3,085 | ||||
| Girl Back to School Appeal | 22,790 | 20,853 | 1,937 | ||||
| Covid Appeal Fund | 1,729 | 3,108 | 3,468 | 1,369 | |||
| Lizzie Memorial Fund | 2,771 | 2,771 | |||||
| Bananas for St Michaels | 184 | 360 | 82 | 461 | |||
| Nurse SalaryFund | 420 | 420 | |||||
| RotaryClub of Morriston | 2,800 | 2,800 | |||||
| St Francis School LiteracyFund | 960 | 960 | |||||
| St Mulumba's Fund | 3,728 | 2,820 | 2,402 | 4,146 | |||
| Total Restricted | 18,561 | 40,366 | 34,096 | 3,000 | (6,200) | 21,631 | |
| Analysis of movements in unrestricted funds | |||||||
| General Fund | 36,902 | 16,541 | 33,822 | 3,200 | 22,821 | ||
| Total Unrestricted | 36,902 | 16,541 | 33,822 | 3,200 | 22,821 | ||
| Total Funds | 55,463 | 56,906 | 67,917 | 6,200 | (6,200) | 44,453 |
Note on the Transfers in and out of restricted funds increasing General Funds
In Last Year's accounts £3000 was transferred from a donor's restricted fund included in the Sponsored Orphans Fund, to another restricted fund (Okwasa Home Fund). This was based on an understanding of his wishes. His position has now been clarified: all funds paid for the orphan that are surplus to her requirements in the year may be treated as General Funds. Taking this and the prior year together, the surplus was £3,200 at 31 Jul 2021. Accordingly the transfers reverse the previous donation of £3,000 to Okwasa fund and provide an additional £200 from the Sponsored Orphans Fund increasing the General Fund by £3,200.
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THE FRIENDS OF ST. MICHAEL’S SCHOOL, BUSEMBATIA, UGANDA LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2021
7 Analysis of net assets between funds
| Analysis of net assets between funds | |||||
|---|---|---|---|---|---|
| Unrestricted Restricted Fund Fund £ £ |
Total £ |
||||
| Tangible fixed assets | - | - |
- | ||
| Cash at bank and in hand | 22,821 | 21,631 | 44,453 | ||
| Other net current assets / (liabilities) | - | - |
- | ||
| Creditors of more than one year | - | - |
- | ||
| Total | 22,821 **21,631 ** |
||||
| 44,453 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
9 Employees
There were no employees during the year.
10 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to extent that these are applied to its charitable objects.
11 Other commitments
At 31 July 2021 the company had no outstanding commitments
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