Charity rcgistralion numbcr: 1149786 Friends of Namuwongo Community Foundation known a8 Fonnerly - Frknds of Ray of Hope - Uganda Annual Rcport and Financial Siatcmcnls for thL Year End¢d 31 D¥c¢mb¢r 2024
Friends of Namuwongo Community Foundatlon known as Formerly - Frlends of Ray of Hope - Uganda Contents (continued) Referenee and Administraiive Demils TruslL'es' Report 2to4 StaiemLmi of Trusiecs, Responsibilities Indcpcndeni Ex&mincVs Rcport Stat¢fflLt o( Fina11 Activitic BulanLc Shect No1ts5 10 Ihc Fina101 StalcmLnts Ioto 18
Frlends of Namuwongo Communlty Foundatlon known as Formerly - Friends of Ray of Hope - Uggnda Reference and Admlnlstratlve Details Truste$ Liz Jennings Sieve Jennings John Miller Maiheiv Brearley Su%an Forward Nilola Brearley 1149786 Charlty Reg15tr74tlon Number Prlnclp&l Offlce 15 Kcyhavcn Road Milfurd On Sca S041 OQW MMO Limil¢d Charr¢r¢d Accounlanls and Statutory Auditors Wellesley House 204 London Road WalLrlovville Hampshire P07 7AN Indep¢Bd¢nt Examln¢r Binkers Barclays Bank PLC Page I
Friends of Namuwongo Communlty Foundatlon known as Formerly - Frlends of Ray of Hope - Uganda Trustees, Report The ITU51¥¢s pr¢s¢nt th¢ aniiual report togethLr wiih the financial ststemcnts of the charity for thc year ¢nded 31 De¢¢mb¢r 2024. FIDan¢lal r¢vl¢w Pollcy reSe¢S Thc Lharily cnsur¢& li has ai l¢asi thrcc months Inon¥y held in reserve to cover ¢xpens¢s. ¥¢nernl monihly costs Ind any unfor5een expcnditure. Flnanelal Instrum¢nt$ objec11& 4•idpollc.I The chariiy's acliviti¢s expose il 10 a number or rin8ncio1 risks including credil risk. ¢ash now risk and liquidily risk. Thc usc of finaniiul d¢rivalives is gL)vcrncd by thc chiirity's polici¢s approv¢d by the board of trustees, whiLh provide wrillen principleii on the u8e or rinancial derivatives lo manage these risks. The charily does nol use dcriv&livc financial instrumcnts for sp¢culative purposes. stru¢turt govern4D¢e and man8gement Nat• olgovtrnlmg document The chorily is gov¢rened by a trusi deed document. The ch&rily ivas entered onlo Ihe charilieg regisier on the 16ih Nuv¥mber 2012 and is rnn by th¢ ¢leiE¢d th)st¢es. No trustee recLived any rLThuncration, Any Irust¢¢ would be elected ai rL'8ular charity mectings. ObJec¢lve8 and 4etlvl¢le$ Public beiiefil The charily objeelive is lo advance Ihe educalian of the pupils al Namuwongo Communiiy Foundolion Scliool, Uganda by providing and assisling in Iho provision of facililics for education al Ihc schi)ol and io assist in such ways s the chprily InLiees ihink fil for Ihe public benefil. The UTiincorporaied charily was r¢¥istCTcd al Ihe Charity Commission on Ihc 12 Novcmb¢r 2012. The Iruslecs confirm thot they havc Complied with ihe rcquircments of Scc 4 of thc Chariiies Act 2011 to hav¢ du¢ regafd lo ihe public benefil guidance published by Ihe Charity Commission for England and Wales. Ylmuwongo Community Foundatlon (NCF) Ncf is a sil11 Ugandan charity thal operates in Ihe slunLS of Kafftpalg. li works wilh vulnerable children from Ihe NamuwoD80 sluin community 10 8ive them an eduLation. which otherwise they would not receive. It also works with the families of Ihe children to train women in crall ski115 and 855151 wilh micm-finance as far as their means allow. Page 2
Friends of Namuwongo Communlty Foundation known as Formerly - Friends of Ray of Hope - Uganda Trustees, Report (continued) NCF runs a School ihal Cu¢tIY caters for thL' primary ycars of ¢ducation. plus the first Iwo ycars of sccondary cducalion. Graduating childr¢n aT¢ oITered vocalional trainitl and for the Thsl acadcmically gift¢d. the opportunity lo progress inlo higher education. Of course. such OppOni11cS can only be offered if NCF has the mea$ io finance it. NCF operates a FLYding ProgramJt)e and s¢ik¥ lo empower widows and othw und¢rprivileged women by teaching them cr74ft, micro-business ski115 Rnd life skills. NCF is directed by Chrisline K85apuli, an inspiralional young Wolan who grew up in Ihe local slum communtly and wag a bcn¢ficiary of thi8 proje¢1 when il was firsi Lstsblished in ?000. She wa5 sponsored Ihrough her education and now has graduated into the leadership role of this organisaiion. Christine is a yeai example of one of Ouf NCF principles-"¢hanEe a life, changc lives., Frlend5 of Nlmuwonqo Communlty FoundadoTh Trriend.s... is a small UK r¢gisiered charily Ihai provides the funding and support for Ihe work ofNLtr in Uganda. Althoubh wc mcnlion il in cvcry rcport. il necds to bc T¢ated. that Fi'ieiids... rol¢ in th¢ provision of all that NCF do¢s i5 onc of ndIng and 5UPPVrt. We Fi-leiid.f... do not pruvide the SL'fvic¢5 to IhL community in Namuwon&yo, th scopc of thai, and how it is donc. is for Chrsiine as Director, in coftsultation with tho NCF board of trnstccs. It is a service by Ugandans lo their community. However, our funding 18 Vltal to the continuance of the project. Although NCF do receive a small amount of support inlennittently from oth¢r sources. fundin8 from 'Friends.,. 1$ by far its major secure source, accounting for 93Yo or more of their income. Report for 2024 The year kgan with unw¢l¢ome nLw on two fron18. Firstly, our dr friL'nd. ai)d CEO of NCF. Christin¥ Ka8apuli, was diagnoscd Mryth a mL'diLul Londition that would requirc ur¥Lnt attcntion. including opcralion. SeLondly. wc were lold that a government inspection of the school faciliiies would be taking place to ei)sure Ihal nalional s12ndards were being mct. ConcLrninB Chri5tinc's hcalih and th¥ ir¢alincnt that shc ncLdcd. wc 'Fiieiids... ssurcd hcr that wc would cuvcr Ihe co$15 of Ireoln)enl, one way or Anoiher. There is of course no NHS in Uganda. and all trealmenl is done on a 'privatc' basis. T)uc to compli¢aiions. shc. did not reccivc her opcralion until thc carly summcr and has since mJdL a full, if slow, recovery, The co&1 of her medical w&8 generously cni-crcd by an individual $uppDrter or 'Fi'iends... The govcrnmcnt insp¢¢tioii ivas particularly concerncd wilh th¢ Cooking and toilety facilitics at the sLhool, and as ¢xpeclcd, work was i¢quird to be done lo bring Ih¢m up lo ihe required standard. This work was und¢rtaken and ompleied prompily, adding an unexpecled fvrther drain on our finance5. In Febary 'Friends... irustctt, Matthew and Nicola Brearley, visited the project aLYompani¢d by several young 'fri¥nds' of NCF. As always. in ionsulipfion with th¢ staff al NCF and with its Board of Trustces. Ihey were Ible to establish that desplle lh¢ fin2neAAI dilCul11e%, NCF was Ihriving and k¢cping wiihin ils budget and providing all thai wc 'Friend2*... have financed. Visits wcre made to families of h0o1 children that were considcred io bc Particularly vulnerable. and food parcels were delivered. Temporary structure5 wiihiD the school 8rouniLs ihai had bc¢n us¢d as classrooms for thc oldcr pupils, and which had been d8mag¢d iii a stom in 2023, had bc¢n rcplac with improvLxI Wood¥ ones. Page 3
Frlends of Namuwongo Communlty Foundation knojvn as Formerly - Friends of Ray of Hope - Uganda Trustees, Report (conlinued) In MJY, two other 'fricnds' young physioihcrapists. visited the project and ran h¢aiih Camps a¥ well a5 making th¢ usual homc visits with food parcels. "fhey werc also ablc to take with them 23kg of books that were donated by Durlston Coun School. Conlacl was made with 4 small charity also working in the SUnL8 of Namuwongo. 'Namuwon80 Literacy Projccl, (NLP). a Canadian sponsored group, Wds looking for a¥¥islanL¢ and advice a5 10 the way fonvard as iheir own work was 8roiving. It is hoped IhAI Ih¢re miBhi be an opportunily for a partnership thal would in¢lude 8 new funding stream for NCF. Talks will be continuing with NLP. Fundratslng In 2024 Throughout Ihc ycar various ¢vcnts wcrc hcld; A 'Womcn's br¢akf&st' at Lyminylon ljaplisl (bcb). Friday Lunch ei'enl al Milford on Sea Cornm. Cenlre (April), Open Garden8 eveni in Milford on Sea (June), ' Peslive kiu, al 'The Cave, Milford on Sea {De¢). In addition, opportunilie.s lo speJk al local churches and al a Wl meeiing added much needed exlrn funding. Our Monthly coffee momings that have served us so w¢ll over Ihe years, thanks lo th¢ d¥di¢ation particularly of our fcllow tTUStce. Suc Fonvard, ¢volvcd thi5 ycar into a 'tr4v¢lling' LoffLc morning. wilh a diffcreni homc vcnuc cach month. This has bccn mosl 8ucccssful, &n(l ive ar¢ gral¢ful lo all our h?sling farnilics, 'Going the cxlra mile, is a fundraising inleTnei tool used1051 year, and will use a8ain in 2025. whereby anyon¢ bcing spon50rn.d for a sportin8 cvcn can run. Cyclc. or whatever. adding thcir mon¥y raiscd to other to try to reach our £10,000 iargel. Thai 18rgei was reached in 2024 and we are very 8fAleful lo all the pgnicipAnlS parti¢ularly 'Lucy'. Last. but by no m¢aiis leasi, we would want to ¢xpr¢s8 our gratide to our one corpornte sponsor, Lottery Fundin8 Se¢Vic¥ of Milford on Sea. Ivho have slood with us through anoiher year. Thank you so mucht Flngnees for 2024 18ucss every small chariry has the same experience as us, in that the needs 8row faster than our abiliry to fi)nd them. Alihvugh our aclounts ale providcd separdtcly to this repon, in a nuishL'II, our income for the year 2024 was £115,71M) and our oulgoings ioialled £99,000. Alihough Ihe8e figures ivould su88esi ihal we comfortably mei our NCF commitments, the truth is Ih&l for Iwo of ihe three IcrnLS. Mt were unable to send the full budget iii one paymLnt und had lo SLiid a 'tvp-up' wh¢n funds bLLam¥ availabl¢, Wc arc so gralcful lo our lon¥.standing and commiltcd supportcrs many of ivhom havc bccn with us for a dLLadc or more. However, Ihe diificuliy we have experienced Ihis year in providing support for Ihc NCP proj¢cl 18 likely only 10 grow unlcss wc can access nciv slrcarns of fundin8. Plans for 2025 Last year's pri()ritie4 or'rundraising here in the UK, and cosl-cutling in Uganda. will once again be our main roc$ in 2025. We will conlinue with all of ihe well tried and tested events listed alM)ve, as well as being opcn to new ideas for fundrAisAn& or 'friend' makin& Allhough wc 518nd wilh boih feel firnily on ihe ground, we are a faiili-based operation and truU ihat even when thin8s are looking pretty grim, God has a surprise for us just around the corner. In Llosing this r¢port, on behalf of the Trustees of Friend& ol NCF, and Ihe NCF Tcam in Uganda and the hundreds of people ihcy serve, T oncc again offer my $in¢¢re Ihmnks lo all of our fcllow 'friends'. Sieven Jennings 'rreasurer and I'rusiee Pa8e 4
Frlends of Namuwongo Community Foundation known as Formerly - Frlends of Ray of Hope - Uganda Th¢ annual r¥'port was approvcd by ihc trustCC5 of thL ihaTity on <x/..12s . and s18n on its bchalf by: Liz Jenninbls TTUStee Steve Jenni Trttee Page 5
Friends of Namuwongo Community Foundatlon known as Fornierly - Frlends of Ray of Hope - Uganda Statement of Trustees, Responslblllties The trustces arc rcspoik5ible for preparing Ihe trustees, report and the financial slatcments in accordai)ce with the Uniied ILin8dom Accounting Standards (United Kingdom Generally Accepted Accounitn8 Praclice) and applicable law and re8uIAlions. The law applieable lo LhaTities requiT&% the m)slee$ lo prepare financial ststem¢nls for each financial year which give o true and fair view of Ihc stste of alyairs of (he charity and of the inconiing resources and application or resources of Ilic charity for Ih8t period. In preparing these fUn¢181 llementS, lh¢ trustees are required to: sel¢¥t suitabl¢ a¢Lounlbn8 polieies and ih¢n apply them consis¢¢nily: obscrvc the meihod8 and principl¢s in ihe Cbarilies SORP.. make jiidgcmenls and estimalcs thai arc reasonablc Qnd PTudcnt; stalc wheihcr applicable occounling standards hav¢ b¢eft followed. subjcct to any malcrial dcpartUTCS disclosed nd cxplaincd in Ihc financial 51aleTn(s. aT¥J prepare the financiol stalcmenis on the going concern bosis unless it is inappropriale to presume that the charity will continu¢ ii) busincss. Th¢ lrnstccs arc rc¥ponsibl¢. for kccping propcr accountin8 records that disclosc wiih r¢asoi)ablc accuracy al any time the financi81 position of tlic chariiy and enabl¢ them lo ensurc that th¢ financial slalemenls Comply with the Charitl¢s Act 2011, the Charities (Accounts and Reports) Rebnil&tions 2008, and ihe provisions of th¢ ¢onstilulion. The Irustees are olso responsible for SAfeguhrding Ihe assets of the chftrily And he¢ for taking reasonable steps for the prcvenlioD and deleclion of fraud and other irregularities. The truslccs ar¢ responsible for the maint¢nan¢c and inlL'8rity of the Lorporaie And fin&n¢ial infonnation includcd on the chari14ble conipany's websile. Legislalion governing Ihe preparation and disseininolion of fJnan¢ial SlAieinenls may differ from legisldtion in other jurisdicrions. . and signed on its behalf by; Liy. J¢nni TruBtcc Steve TTuslee Pw6
Frlends of N&muwongo Community Foundation known as Formerly - Friends of Ray of Hope - Uganda Independent Examinerls Report to the trustees of Friends of Namuwongo Community FoundAtlon S r¢port to th¢ tTU8tees on iny examination of the account5 of Friends of N8muwongo Community Foundation for th¢ year ended 31 Dceember 2024. Responslbllltles and b*sls of report AS the ¢h8rity tru8te¢s of Friends of Namuwongo Community Foundation you are respon8ible for the prepaiation of Ihe Accounts in &c¢ordanLe with the requir¢ments of the Charities Aci 2011 ('th¢ Acl'l. I rcport in respect of my cxamination of the Friends of Namuwongo Communily Foundation's accounls e&Tried out undcr scilion 145 uf thc 2011 ALt and in Larryin¥ out my cxamination I have follovKd all the 3ppliLablc Dircclions gii'en by the Charily Coinmission under seclion 145(5)(b) of th¢ Act. Indopendenl examlner'i $tatLmeDt I have completed my examination. l confirm Ihal no maierial mailers have come 10 my allenlion in connection wilh thc cxaminalion giving m¢ C&USL' to bLlicvc that in any malLriMI rL'5p¢¢I: alcouiiting rccords w¢w not kcpt in r¢spckt of Friends of Narnuwonso Community Foundation as rUired by scLlion 130 of ihe A¢t; or 2. thc accounts do not accord with those ff¢ords; or 3. the accounts do not comply with the accouniing requiremenls ¢oncernin8 the forni ind contenl of aecounts sel out in Ihe C.hariliLS (AL'Lounts and Reports) Regulations 28 Lither Ihan any requir¥in¢nt that th¢ a¢¥ounls give a 'tru¢ aod fair view, which 15 not 8 mnllcr considered as part of an independeni examinmlion. I havc no ¥onL'ems and have coin¢ aLross no oiher matters in ionn¢etivn with the examination to which att¢ntiun should be drawn in ihis report in ordcr lo cnable a proper undcrslanding of ihe acc()unis 10 bc reachcd. Gillian Mclnto4h for an un bchthlf ofMMO Limitcd Chartercd Accoun18nls and Stntutory Auditors ICAEW Wellc51¢y House 204 London Road Waterlooville Flampshire P07 7AN P8ge 7
Frlends of Namuwong(p Communlty Foundatlon known as Formerly - Frlends of Ray of Hope - Uganda Statement of Flnancial Actlvlrfes for the Year Ended 31 December 2024 Unrestrleted runds Total 2024 Note In¢om¢ And Endowmellts from: Donalions and legleS Oih¢r trading activiti¢s 107,628 8.102 107.628 8,102 Total inLOI)ie 115,730 115.730 F.xpendlthre on: Charitable Jctiyilies (98.915 98.915) Total cxpcndiiure 198,915 (98.915 Nei income 16,815 16,815 Nei rnovemenl in hUS 16,815 16,¥15 Recnnclllatlon of funds Total funds brou8ht ftirward 237,025 237.023 Tolol funds carried forward 12 253,840 Unre.Itrlcted fuod* 253.840 Totil 2023 Note Incorne and Endowment5 froln: Donalion$ and legucies oth tTadin¥ aLlivitlLS Toial incomc 104,397 14,540 104,397 14.540 118.937 118,937 F.xpendlture on: Charitable aclivilies 115,233 115,233 Total expendilure 115.233 115,233) Nei income 3,704 3,704 Nel movement in fiJnd$ 3.704 J.704 R¢¢onclllAtJoD of funds Tolal funds brought fon¥ard Toial fvnds Carried fOard 233,321 233.321 12 237,U25 237.025 All of the charity's activities d¢rive trom continuin8 operations during the above two periods. The funds breakdoivn for 2023 is shO.n in note 12. nvt¢s on l O to l il fvnn ail intcgral part of Ihc$c finJn¢ial #¢em¢t5. P&ge 8
Friends of Namuwongo Communlty Foundatlon known as Formerly - Frlends of Ray of Hope - Uganda (Reglstratlon number: 1149786) Balance Sheet AS at 31 December 2024 2024 2023 Note Flxed Issets Tan8ible assets 207,484 207.484 Current assets Cfi5h al bgnk and in hand 10 48.695 31.8151 Credltors: AmouD¢s f•lllng due ivllhln One year i ¢t ¢urr¢nt assets 46,356 ¢1 assets 253,840 237,025 Funds of ihe charlty: Unrestrlcted Income funds Unr¢stri¢led 253,840 237.025 Total funds 12 253,840 237.025 The fimncial sl&lemenls on pages 8 10 l Y wrre approved by the Ine$, and auihorised for issue on QAI. .12.r and signed on their bebalf by.. LIL Jennin8S Trusl¢Q Sicvc Jc Tru$t¢c ThL notes 01) P¥gL5 10 10 18 forni an inicgral part ofthcsc financial stal¢m¢nts. Page 9
Friends of Namuwongo Community Foundatlon known as Formerly - Frlends of Ray of Hope - Uganda Iyotes to the Financlal Statements for the Year Ended 31 December 2024 l Aecountlng pollcle$ Stlttrnent of compllfinee The financial 5talcm¢nts have been prepared in accordanLe wilh the second editiort of th¢ Chariti¢s Stat¢menl of RcLommLnd¢d PrdLti¢¢ in Oclober 2019. the FInaCIal R¢portin¥ Siandard applieablL 111 the United Kingdom and R¢publiL of Ireland (FRS 102) and the Charilics A¢1 2011, Basls of pri'parallon riends of Namuwon¥o Community boundaiion meeis the definilion of a publi¢ benefil enlily under FRS 102. The a¢counls (finaiicial ststemenls) huvc bccn prcpaid unJ¥r th¥ hi¥lvriLal cost Lonvcnlion with ilcm5 rcco&iniy¢d at cuyt or (ransaclion valuc Unl oih¢rwisc stai¥d in ihc r¢l¢vant nolcls) to thcsc accounts. Golng eoncern The Irusiecs considcr thai th¢re arc no maleri41 uncertainlics about lh¢ charilS ability lo conlinue as a 8oin8 concern, Ineomt and ¢ndoM"rntDt$ Voluntary income including donations. gifts. le8acic5 and grants that provide Gore funding or are of a 8¢ncral nature is recognised when Ihe charity has enliilemeni 10 the incon)e, il is probable that the income will be Teceived and the amount can b¢ measured with sutTicient reliability. Donqrfuns and legacies r)onalions and ILg4¢ics arl rLco¥nised un a r¢ccivabl¢ basis whLn reL'¢ipi is pfobablc and th¢ arnount Lan bc rcliably measured. Fxpendlture All expcndilLwe 18 reco8nised once ihere is a legal or eonsii'uciive obligation lo Ihai expenditure, il i.s probable 5Cttlcrncnt is rcquired Jnd the Amount c&n bc mca5urcd r¢li)bly. All ¢osts arc allocfilcd lo thc Applic8blc ¢xpcnditurc hcading that alegal¢ siinilar cosls lo that ¢atC80ry. Whcrc costs c&nnot bc dirccily allribuicd io parfi¥ulir h¢adings Ih¢y h8ve been allocaied on a bosis consislenl with Ihe use of resoues. with ¢¢nlral 5talY cosls allocaled on Ihe basis of time spent. and d¢preciaiion charges allocated on thc portion of thc aS1'S us¢, Othcr support costs are Ilocalcd bascd on tlw bpr¢#d of staff costs. Chartsabk d¢rfvliles Charilable expenditure compriw Ihose ¢osls incurred by the charily in ihc delivery of its a¢tivilie5 and services for its benefjciaries. Ii includcs both costs ih81 can be allocaied direcily 10 such aclivilies and those cosis of an indirecl nature ne¢ess&ry lo support ihem. Page 10
Friends of Namuwongo Community Foundation known as Formerly - Friends of Ray of Hope - Uganda Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued) Governanee ¢o$tJ These include the costs aiiribuiable to the charity's compliance with consliiuiional and ststulory requirements, including oiidit, strategic manaB¢menl and trustees m¢¢lings and reimburscd expense5. Taxatlon The charity is considered 10 pass the lests set oui in Paragr&pb I Schedule 6 of Ihe Finanee Ael 2010 and therefore il mcets ihc dcfinilion ot y charitable Company for UK corpor81ion tsx purpos¢& Accordin8ly. the chariry is polenlially excmpt from taxation in rcspcct of incomc or capiial gains rL'c¢ivLd wiihin ¢al¢gori¢s Lov¢rcd by Chaplcr 3 Part I I of Ihc CoTpurulivn Tax ALt 2010 or Sc¢livn 256 of the Taxation of Char¥cablc Gains ALI 1992. Iv thc cxi¢nt that such incomc or u#ins arc 8pplicd ¢xclusivLIy lo charitablc purposes. Tanglblt Ilxod iisets Individual fixed asscts costing £1 (M).00 or morc arc initially r¢COrd at eosl. DepreelA¢lon ind Amortlsltlon The Iruslees liai'e dccidcd noi ¢0 depreciate lh¢ land and buildin8S Asset ¢lay8 Land and buildings Depre¢latlon meihod and rate nil deprecifilion Cash and eajh equli'alenls Cash and e&%h equivalents. comprise cash on hand and co11 deposits. and olher short-tcnn highly liquid invesimenls that are r¢adily conv¢rtibl¢ to a known amounl of cash and are subject to an insignificant risk of chjngc in valu¢. Bvrrowln81 Inlcrcsl-bL'aring borrowings arc iniiially rccordcd al fair valu¢, n¢t of Iransaclion costs. IntCTC81-beYdring borrowin88 arc subscqucnily ca1 dl amorti&ed cost. willi Ilic diffcrcncc bctwccn lh¢ proL¢cds. nct of Iransaction wsts., and ihc ainounl due on redeinplion being recognised as & charge lo the Sial¢meni of Financial Aclivilies over Ihe pcri(Jd or th¢ rcl¢vant borrowing. Int¢r¢st ¢xp¢nse is rffo8nised on the busis of ihc efFcclive inlerest method and is ineludcd in iniercst payable and similar Lharges. Borrowings Dre clgssified Js ¢urrenl liabilili¢s un1¢5s the charity has an unconditional ri8ht to defer settlement of ihe liability for at least twelv¢ months aft¢r ihc reportilJB dale. Fund struclure un$t[lit¢ ]nLOn funds are gencral fvnds that ar¢ availablL for use al the trustees discrvlion in fvrth¢rdnc¢ of th¢ objeclives ofihc charily. Page 11
Friends of Namuwongo Communlty Foundatlon known as Formerly - Friends of Ray of Hope - Uganda Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (eontinued) Flnan¢lal InstrumeDIs ClasslJ7cailon Financi81 assets and financial liabilities are recognised when the charily becomes 8 Pllrty to the conlra¢tual provisions of the inslrumcnt. FinanLial liabililies and equity inslruments arL' classified according lo the subsianLe of Ihe conlTaLtual arrangem¢iiis enlered inio, An ¢quily instrumenl is any coniruLI (hat evidcnces a residual intcrcsl in th¢ asseis of the charity aftci. deduLling lill of ils liabilili¢s. Reeognltioff and nieastsrefftent All financtal as¥cts and liabilitics ar¢ initially mciasur¢d al tran¥aclion priLc (includinbi trJnsaclion cosls), cxcepi for Ihose finanLial &&8ets elgssificd as bl fair valuc through profil or 108s, which are iniii4lly mcthsurcd at fair valu¢ (which i¥ noallY Ihc tran5aLlion pricc cxcludinb¥ Irdnsaclion costs). unless ihc arrdngcrncnt constilulcs a financing transaction. If an aangemen1 conslitules a financing transaction, th¢ fin#nciAI assct or financial liability 1$ m¢asurcd al the pres¢nl value of Ihe future payments discounled al a market rate of inieresl for a similar debi instrumenl. Financial asscL% and liabilitic% ar¢ only vffsel irt th¥ slalement of financial p05ilion when, and only when there exisis a legally enforceable rigbi lo sel otr ihe r¢cognised amounts and Ihe ehariiy iniends eiiher lo seltle on a nel basis, or to realise the asset and 5cttle Ihe liability qimultsneously. Financial assets are d¢r¢¢o8nised when and only when a) the contractual rights to the cash flows froin ihc finaneial assct cxpirL' or arc .settl¢d. b) the chllrity transf¢TS to another party substantially all of the risk5 rewzérds of 0e[shiP of the fin8nci81 o58¢1, or c) the chRrily, despite havin8 retained some, but not all. si8nificanl risks and r¢wrdS of ownership, has ITan$fcrred eontrol of lh¢ assL'I lo another paty, Finoncial liabililies orc dcrccognised only when the obligation specitled in Ihc conirnci is discharged, c8ncclled or expl's. Page 12
Frlends of Namuwongo Community Foundatlon known as Formerly - Friends ot'Ray of Hope - Uganda Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 2 Income from doftAtlons and lega¢ie$ Unrestrleled funds General TotAI fundg Donalions and legucicb; Donations from illdividuals Regular giving and capilal donolions I'otal fur 2024 36,773 70,1155 36,773 70.1155 107.628 107,628 Total for 2023 104,397 104,397 3 Income frnm other tridlng A¢¢lviiles Unrestrleted funds CJell¢rAI TotAI funds ENYnls inLom¢' Other events Income 8,102 8,102 Total for 2024 8,102 Total for 2023 14.540 4 Fthxpend1tU on ch74rliAblt ictlvltles UDre51rleted funds General Tolal fund$ Siarrcosis Governan¥e cos15 47,500 185 47,500 185 Total for 2024 47.685 Total for 2023 69,945 Pagc 13
Frlends of Iyamuwongo Community Found&tlon known as Formerly - Friends of RAY of Hope - Uganda Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 5 AnAlyslJ of governAnee and support eosts Governance eosls Unre$trleted funds Gener41 Total lundj 185 Oiher gol'emance cosls IRS 185 TOIAI for 2024 185 945 Tolal for 2023 945 6 Tru%tees remuneratlon Ind txpensei No Iruste¢$. nor any persons Lonne¢led with thern. bave reLeived any remuneraiion from ihe Lharity durin8 th¥ yLar. No tiiislees have iec¢iv¢d any reimburscd expens¢s or any other ben¢fils from the uharity duiing th¢ year. Page 14
Frlends of Namuwongo Community Foundatlon known as Formerly - Friends of RAY of Hope - Uganda Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued) 7 Staff ¢ost8 Tk aggrcgat¢ payroll Logls were as follows: 2024 2023 Sl*ff costs durlog th¢ year were: Wa8¢s and $8lorie8 47,500 69,000 The monihly average number of persons (ineludin8 senior mAnagemenl I leadership ieam) employed by Ihe charily during thc yoar cxprcsscd as full tirnc cquivalents was as follows- 2U24 2023 Employe during thc year 10 No cmployc¢ r¢LLived ¢molum¢nts of rnore than £60,000 during th¢ year 8 TaAa¢lon The charity is a re8isl¢red ¢hArity and 15 th¢refore cxempl from tsxation. 9 Tinglbl¢ Ilx¢d gssets L•nd ind bulldln88 TotAI Co$1 Ai l Janu(•ry ?0?4 Ai 31 December 2024 207.484 207,484 207,484 Depre¢lAtlon At 31 December 2024 et book VAlue Ai 31 December 2024 207 484 207,484 Ai 3 l D¢cember 2023 207,484 207.484 Page 15
Frlends of Namuwong(fr Community Foundatlon known as Formerly - Frlends of Ray of Hope - Uganda Notes to the Financial Statements for the Year Ended 31 December 2024 (contlnued) As a UK ba5d charity. Friends of Ray of Ilopc- Uganda ()not own prop¢rty in Uganda. The original School putchftsed in 2011 was held in the nam¢ of anoib¢r UK charity Ihal was regisler¢d in Uganda and iherefore cligibl¢ io own properly. The tille document is held in the narne of Hope for Children Jlihough there is a caveat in¢luded rnaking clear th¢ arraii8em¢nt that Fri¢nds of Ray of Hope Uganda 15 in facl the 01¢T and that Hope for Children's name on the title is purely an administrativ¢ arran8ement. During 2017 a new h0o1 properly was purchased and was ori8in8lly put irt the name of the Ugindan NGO whom th¢ charity worked with. The charity was advised to hold thc propety in the nam¢ of lh¢ vendor with a caveat securing the property in Ihe charily's inieresl. A new NGO is now fornxd amon8 staff m¢mbcrs wilh a new dircctor and is now re8islcrcd { Nomuwongo Lommuniry FouTKlation). Matlcrs arc curr¥ntly in hand with thcir Ugandan SolicitotB lo ¥tr1 th¢ trnnsfcr of th properly 10 ihe new N(iO once Lhe approprialc governance is sel UP. 10 CA$h 4nd ¢ash cqulvalcn¢$ 2024 2023 CL8h &1 bank 31.fl¥l I I Credltors: amounts fwulng due wlthln one year 2024 2023 OthLr crcdilors ACCnlS (i) 2,340 2,339 2,340 Page 16
Frlends of Namuwongo Communlty Foundatlon known as Formerly - Friends of Ray of Hope - Uganda Notss to the Financlal Statements for the Year Ended 31 December 2024 (contlnued) 12 Funds Balan¢e at 31 December 2024 BalaD¢e at I JanuArv 2024 Incomlng resour¢¢5 Resources expended Unre$tri¢ted funds General GLncral 237.025 115,730 98,915 233,840 B•lance a(31 Dccernb¢r 2023 B*lanc¢ at I January 2023 Incomtng resourees li¢ioureoJ expend¢d Unrestrlcted funds General General 233,321 118.937 (115.233 237.025 Page 17
Frlends of Namuwongo Communlty Foundatlon known as Formerly - Friends of Ray of Hope- Uganda Notes to the FinaneiAI Statements for the Year Ended 31 December 2024 (continued) 13 An4lysS5 of net assets between funds Unrestrleled funds General Tot•1 funds gt 31 Decembcr 2024 Tangiblc fixed assets Currenl a55ets CurrL'nt liabiliii¢s 207,484 48.695 (2.339) 207,484 48,695 2.339) Tolul nL*t 8cts 253.840 253.840 Unre8trlcled funds Gtnernl Total fundg at 31 December 1023 Tangtblc fixcd as5CtS Curr¢nl &sset¥ Curr¢nt liabilili¢s 207,484 31,881 2.340 207,484 31,881 2.340 Total nel assets 237.025 237.025 Page IS
Friends of Namuwongo Communlty Foundgtion known AS Formerly - Friends of Ray of Hope - Ugandg Statement of Flnancial Aellvlties by fund for the Year Ended 31 December 2024 Tot*1 Total Unrestricted UThrestrl¢ted Fundg Funds 2024 2023 Incom¢ and EAdowm¢nts from: Don&tions and legaeies Other ITadin8 aclivilies Total income 107,628 8.102 104.397 14,540 115,730 118,937 Expendllure on: CTharitsblc aclivities 9B,915 115.233 Total cxpcnditurc Nei income (98,915) (115,233) 16,815 3.704 N¢1 movcinenl in funds RecontlllfjdoA of fund8 Total fvnds brou8hi fonvard Tolal fun(ts carried forward 16,815 3,704 237,025 233,321 253.840 237.025 This pdgc docs nol fvrm p4rt of th¢ stalu¢ory finanLiuI stdtcmcntS. Page 19