REGISTERED CHARITY NUMBER 1178686 KEFRAMA SCHOOL BUILD ANNUAL FINANCIAL REPORT AND STATEMENT 31° DECEMBER 2023 KEFRAMA SCHOOL BUILD CONTENTS TRUSTEES REPORT PAGEI-2 EXTERNAL EXAMINERS REPORT PAGE 3 ANNUAL FINANCIAL REPORT PAGE 4 STATEMENT OF ASSEtS AND LIABILITIES PAGE 5 Registered ofFice: Orchard End. Bleasby, Notts NG14 7GH Bankers- CAF Bank Page I REGISTERED CHARITY NUMBER 1178686 KEFRAMA SCHOOL BUILD ANNUAL FINANCIAL REPORT AND STATEMENT TRUSTEES, REPORT FOR THE YEAR TO 31a DECEMBER 2023 Our objectives To advance secondary education for the public benefrt of impoverished young people in Northern Uganda, in particular but not exclusively by building. developing and maintaining Keframa High School, Barr, Barr Subcounty, Lira District. Uganda, and to support the school by raising funds through a student sponsorship programme. The trustees transfer sponsorship donations to the school in full on a regular termly basis to meet costs and school fees. The trustees accrue other monies raised for longerterm investment in the school. The founders and governors engage with the trustees and funds to meet small scale capital improvements are provided. Operating structure Keframa School 8uild is a registered charity formed under a deed of trust with the trustees acting together to exercise control. The work of the charity is managed by a committee. made up of trustees and volunteers all committed to the objectives of Keframa khool Build. There are no employees. Chair of the Trustee's report The charity raises funds in the UK to seek to meet its objective. The Trustees continue to be immensely grateful to the sponsors of individual students at the school. The school, like all educational establishments in Uganda, continues to face economic challenges. Local living standards rise and fall dependant on the quantity of the harvests. The harvest outcome directly afferts the opportunity of families to school their children. Student numbers have again risen. At the beginning of the 2024 school year to approx. 210. 1 am pleased to say that several other Ugandan based UK charities are sponsoring children at Keframa. The appointment of an experienced teacher to lead the school is beginning to improve the leaming opportunities for the students and, slowly. the examination results. We expett improved results to influence positively the recruitment of more children and. in time. to fully utilise the school with 300 pupils. A total of 4 Trustees, as usual self-funded. visited the school in both March and November 2023. As usual we held intensive discussions and met with the founders. governors, teachers and students. We believe the school has a vital future giving hope and opportunity to students, their families and communlties. The Trustees. with the school leadership. are working on the next stage of the schi)ol's development. The increase in the charttvs funds is identified for this purpose. This is planned to be accommodation for 150 girls on the new school site and the accommodation for 4 staff members and their families. Page 2 Financial report In the year ended 31st December 2023 the chartty continued with fundraising artivitie5 including a choral singing weekend, a coffee moming and sale alongside the steady promotion of Keframa School Build amongst friends and other contacts. It was another healthy year wlth a net increase in funds of £34,434 thanks to one generous donor and the hard work of those who organised events. We were able to send a total of £20,300 to Keframa High School which included all the Spon￿rship monies plus donations towards the running costs of the school and the recruitment costs of additional students. Student sponsorship The Trustee's sponsorship programme existsto enable students, whose parents/guardians cannot afford the school fees, to attend the school. Our agent in Lira has again been successful in identifying students who are academically able but financially compromised and in 2023 we had 14 new sponsored students to replace the students who left after completingtheir education. There are always more students wanting the opportunity to attend Keframa. In the year two sponsors ceased supporting the programme. At the end of the year two other sponsors decided to continue to support'theirf sponsored student in their new continuing education establishment. Trustees: Michael Arlington Chair lan Baird-smith Treasurer and sponsorship administrator Tom Hall Hugh Middleton Rev. Claire Tufnell Yan Kasianczuk Chartty secretary All 6 trustees listed above served throughout the period under review. Page 3 REGISTERED CHARITY NUMBER 1178686 KEFRAMA SCHOOL BUILD Report to the trustees of Keframa School Build On the Financial Reports coveringthe yearto 31 December 2023 As set out on the attached pages. Respective The charity is responsible for the preparation of the accounts. The trustees responsibilities of trustees consider that an audit is not required for this year under section 144 of the and examiner Charities Act 2011 ("the CharFties Att") and they require an independent examination. l am qualified to undertake the examination by being a fellow of the Institute of Chartered Accountant England and Wales. It is my responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145151{bl of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examlnerfs statement My examination was carried out in accordance with general directions given bythe Charity Commission. An examination includes a review of the accounting records kept bythe charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the treasurer concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view. The report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act- and to prepare accounts which accord with the accounting records and comply wtth the accounting requirements of the Charities Act have not been met- or to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Signed...l................................ Mark S Smith F C A Page 4 REGISTERED CHARITY NUMBER 1178686 KEFRAMA SCHOOL BUILD ANNUAL FINANCIAL REPORT AND STATEMENT of the Trustees at 31" DECEMBER 2023 RECEIPTS AND PAYMEMrs for the period from 1st January 2023 to 31" December 2023 Total 2023 TOTAL 2022 Opening Balance 90218 , 30792 Receipts Donations one-off 34591 Donations regular Bank interest 16047 17576 275 Gift aid tax Total receipts Payments 54868 . 95282 Transfers to Keframa High School 203 35625 Bank charges Other costs 135 231 Total payments Receipts, less payments 20435 :. 35856 34433 . 59426 Balance at year end 124651 90218 Regular donations are primarily those re￿IVed for the sponsorship of indNidual students. Page 5 srATEMENT OF ASSEfs AND LIABIUTIES at 31" D￿rnber 2023 Total Toial 2022 Bank balance 124651 90218 Transfers due Gift aid tax claim due 1945 573 The balance of funds at the yearend represents monies awatting distribution to Keframa High School Signed lan Baird-smith Treasurer Signed Michael Arlington Chair of Trustees Date 202