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2024-12-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1186895

Castle View Accounting Ltd Ground Floor Offices

53 High Street Arundel West Sussex BN18 9AJ

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information
Pages 4 to 29 Trustees' Report
Page 30 Trustees' Responsibilities
Page 31 Independent Examiner's Report
Page 32 Statement of Financial Activities
Page 33 Balance Sheet
Pages 34 to 40 Notes to the Financial Statements

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MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1186895 NAME CHANGE Formerly Edith's Hope DATE OF REGISTRATION 11th December 2019 START OF FINANCIAL YEAR 1st January 2024 END OF FINANCIAL YEAR 31st December 2024 TRUSTEES AT 31ST DECEMBER 2024 Jennifer Wordley Don Dolifka Andrea Pauline James Wicks Hariri Isabirye

LEGAL STATUS Charitable Incorporated Organisation

GOVERNING INSTRUMENT CIO - Foundation Registered 11th December 2019 as Amended on the 30th November 2023.

OBJECTS

For the public benefit the relief of poverty and hardship among orphans and vulnerable children in Uganda through the provision of shelter, food, medicines, education, training and other such Charitable services at the Trustees may from time to time think fit.

CORRESPONDENCE ADDRESS 1 Knightswood View Station Lane Chandler's Ford Eastleigh Hampshire SO53 4EN

PRIMARY BANKERS CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ

INDEPENDENT EXAMINERS

Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

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02 VISION. MISSION, & VALUES n.3 THE NEED FOR MUSANA 04 MUSANAgS MODEL 05 KEY ACHIEVEMENTS 00 EDUCATION OUTCOMES 07 HEALTHCARE OUTCOMES , I ECONOMIC DEVELOPMENT OUTCOMES 08 og IMPACT OF REPLICATION SITES 10 WHERE THE PROFITS GO 11 MUSANA LEADERSHIP DEVELOPMENT PROGRAM 12 FINANCIAL REPORTS 18 2025 EXPANSION 20 RECOGNITION AND GRATITUDE 25 CONNECT & GET INVOLVED

Dear Friends & Partners Of Musan As we relloet on this past year, we are tJllÉxl with gr8i1ti￿e. and awp. at what has hep.n aLcnmi)lishe.d. Musoiio coniiiiue.s io gro)%', iiiipac.IiTig ilinusand£ ilirnugli pducaiinn, )oalthLaro, and oeunoiiiiL oiiiww'ernient. Thif yPAf, Vgp IAiinrhpA rnnsti'iirtinn nf niir thi Musaiia V(￿l10n￿l Higli School {VVHS), ow.iied oiiI' Ihird liospital, aiid geIieraied ove.r 43.b_Nl in rovonuv iliri)u%h 10 s(￿'la1 e.iitvrprises-reinlorein% I l)p. w)we.r nl. li)I'ally Ipil 811818iiialiilily. Wilh gt'owth conip.s inerp.dible opporiuiiiiy. 'I'l)o iiii'.ro.asiiI￿ Ilc'iiiaiiil E()r ()ur serviee.s is a to.staino.nt t Ilie. inii)El('.I wp. 4)Ip. iiiak'iiig, fiip.liiig nijr pxr.itenipiit rpar.h e.ITe.n liN'e.s. Wp. tsrv v.Iipi'gii.p(I l)y tlip. Lliullpiigp. i11s1)iT￿l lib pijsh liirther, aiid coniiiiitied to broakiiig eyLles ol.de.￿1)dencY ai)d tK)veriy. I.. li step strei)Aihens our resolve. io ii)n(>vaie. aiiil expaiid, ensurin MlisAIiA'S inipHrl enntiniws tn trHnqfnrni rnmmiinitips in pmlniiiiA WAYS. INone ofthis woiild be ￿$sible wiihoul you-our dunors, sialt, aiid pariiiers. Ynijr Keiier()sity lias enabled us lo e.diiLale and traiii 8,71X) wome.ii and Lhildren, provide (Ivo.r I milliiiii pe.1iiilp. a<'.e.p.ss tn Iiijalily l)oaliliearp. (.311?.(KK) Iwiipnt visit8), aiid p.nipliiy Ile(licuted slofl. Inenibers. You ore. port ol tliis movemenl, and we ore de.eply grntelul. Inokin% ahead, we envi5ioii 60 enterprises in 10 coinmunities by 2032. educatillK 20,(KJO 4tii¢lpTltq, iirnviiliiig, 3 millii)ri ￿l￿pIP Hrrp4q tn qiihlity l)pAlihi'Hfp, A V)Il pmpliiyii)g i.(KK)+ loif iiipiiibers aiiiiually. We will coiitinue. expoiidiiig our ni(Klel. briiigiiiii sustuinuble developtnent lo more comTnunitie5 and empowe.ring lives for generalions io cotne. A.$ we. sLp.p infn 8nothe.r year, we. invite. ynij In H'81k alniigsidp. ijs in iliis jniJrnp.y nf iraiis- foriTio¢ion, knowingour work i$guide.d by D gteoler plon. ,.Yo￿ lo him who 15 oble. lo do imIne.asurably niore. than all we. ask or itna%ine.. accordin% to Iiis poM'PT tliai is at within us. Eplie.sians 3:20.'fhis pn)iiiJse. slreniitliens oiir laith aiiil Lomniitilient lo iii)liltllly, I'nrrimiiriitips willi ilig.riily Hiiil 4pl('_rpliAriiv. IriirP.slirig in impHI'l, i)TlP. hii%irip.sq At a tiiiie, crpote,s a ripple. etrec.t iliat cliange.s ge.ne.rolioJis. With heartfelt gratit￿le and hope, //aaAa /*¥4-£ CO-FOUnde￿ and Co£EOs

Musana's Model Musana's model empowers communities to achieve self-reliance by combining sustainable enterprises, local leadership, and holistic services, breaking the cycle of dependency and fostering lasting impact. DONATIONS PROFITS BUILD ENTERPRISES Education • Healthcare . Economic Dpvp.IrJpm•nt SUPPORT OUTREACH qr¢ rtt>rla4 back into communities Scholarships Medical Outreach Disability Programs which 8u8¢ain8oiYration8 PROFITS FROM ENTERPRISES Donor CONTRIBUTIONS Key ATTRIBUTES SUSTAINABILITY THROUGH ENTERPRISE: Revenue-generating businessesfund essential services LOCALLY LED INITIATIVES: ETII lealership and ownership INTEGRATED APPROACH: AddrÉ￿Ing education, healthcare, and economic development holistically REPLICABILITY: Proven modelfor scaling into new communities Donations are used to build enterprises such 88 sr.Iinnls, hnspilals, pmdijr.tinn IAI?its. IK)te.l.s, and rp.staiirants, whicli serve. tlie. comtniJiiAty wliile generatiiig revenue. for sustainability. uwvririg LVTTITiiuriiLivb wi Lli charitableArm PROFITS Charitable Arm Profits lund Nlusana's charitable arm, suptK)rtiiig scholarships, free he.altlicare, programs for studpllts with stEcial nepds, and other initiatives that directly irnpact the most vulnerable in the community.

11 2024 Key Achievements LAUNCHED CONSTRUCTION OF MUSANA VOCATIONAL HIGH SCHOOL (MVHS) IN KAMULI: Sei 10 open iii Jaiiuary 2026, Iliis SLhoul will empower l.(KM)+ young people (IIJIIUiilly willi ilJ¥ vduL<iljuii (IIl(J ￿kill5 Ilivy need to build brighter futures. Jg AcouifiED LAND IN BUDAKA AND MAYUGE: Seltinx ihe founililti()n f()r Mu.s(Illd'% 4111 illl(l fjil) L(Jmmuiiities, expandin% our reac.h and impact. OPENED OUR THIRD MUSANA HOSPITAL IN KAMULI: I)rovidiri% L'SSL'niidl hL'iili hcare servicL¥S lo 7,006 p￿tIen15 in the c'.ommunity. ESTABLISHED THE MUSANA EMPOWERMENT CENTER IN KALIRO: A li aiislui'ijialivv syaLV IIL'I'L" WUI)lell OI'L airlin￿$ %kills 1() l)L'l'.l)mL' jol) ('.rLiai()Pi and sui)y<Jrl ilieir families. In 2024, Musana touched the lives of over 250,000 PEOPLE- reflecting the full reach of our services throughout theyear. EXPANDED GLOBALLY WITH A NEW FUNDING OFFICE IN THE UK: Broadening i)ur iiilernali()rial support base lo sustain l¥.lusaiiil'S growtli. CELEBRATED MUSANA HOSPITAL IN IGANGA: Rariked #i lor excelleiice amori liealili la(:ililies aLr()&s nine (Ji4tricts. IMPACT 2024 2008-2024 STUDENTS PATIENT VISITS FULL-TIME LOCAL EMPLOYEES MEALS PROVIDED CAPITAL INVESTED INCOME GENERATED LOCALLY 8.798 48,996 315,605 685 685 6.152.712 24.652.712 $3,109,876 $15,861,742 $3,583,710 $15,536,858

EDUCATION 4 Nur.8ery and Primary,Schools 2 Vuculional iiigh ,SLh(JoL¥ 2 w0n￿n s Vocalionul 5Lhools SCHOOLS 5,219 STUDENTS 50% of sluderils are female 97% rif 24ti Primary 7 students scored in Divisoii l uiid 2 CuM￿red lu 61/0 iiuliviiJlly 713 GRADUATES are moving Vll lo iFie Iiexi level i)I' eijucatiun IO0% OF the 2￿ Senior 4 studenis wlio sat fur ncltiondl exlims in MU￿nd E)i155ed'. 1,943 STUDENTS were provided s(..holdr%hip% in Musdna schuuls and in tertiary sc.hools MUSANA SCHOOLS ARE 55% MORE AFFORDABLE Iliaii LUllIF)eliiig SLliuuls MUSANA PRIMARY SCHOOLS RANKED #1 IN IGANGA & KAMULI, RANKED #2 IN KALIRO(outof hundreds olschnols in each dislrict)

Illl,d 55 HEALTHCARE 48.996 Patient Vi.$its 2,860 Rehabilitation 'rherapy Visil.s 314 Nlajor Surgerie8 691 Babies l)elivered HOSPITALS 18,635 FREE HEALTH SERVICES were FirovidL.d OVER I MILLION PEOPLE noiA. Iiiiwe aLLL'55 lo qudlily iiiid atlorddblL. hL'dlihc(IrL': A hahy hnrn al a fvlijsana h(kspital is 3.7 TIMES MORE LIKELY OF SURVIVING than dt other fdcililies

ECONOMIC DEVELOPMENT ro 19 ENTERPRISES 685 uganduns Fmployed Full-Time OVER 500 (".onsiruction workers hired oil dillc'rL'iII sile A TOTAL OF 176.763 hotel aiid restaurant visits 277 INTERNATIONAL VISITORS from the Uiiited states, United Kiiigdom, and china 954 STUDENTS were trdRned in a vO￿tIl)nal skill

2024 Annual Impact I,: of Replication Site&. Iganga, Kaliro, & Kamuli ', i Ju DISTRICT IGANGA KALIRO KAMULI Ycar (.onslivclion Slartcd Year Fully uperational Total Capithl invested- (2008-2U24) $7,179,788 2008 2020 2022 2017 2023 2026 $4,638,023 $3,759,801 .Student.s Tr.ducated (2024) Patients Served (2024) Staff Employed (2024) Total Revenue Cyenerated (2024) Total Expens89 (2024) Profifs (2024) Total Sustalnablllty (2024) 3.162 27,160 358 1,333 14,330 190 724 7,506 120 $2,379,386 $1,838,018 $541,368 129% $776,083 $742,510 $33.573 105° $428,241 $435,857 $(7,616) 98% "Central office s include land purc "tsTI. overhead and oiitreach expen￿ are not incli￿ed. l Total CL7Pital invested does not or BiidakL7 and.hArt)Yige 2024. as those cfimpits￿ arejttst begtnningconstriietion.

Where the Profits Go LOCALLY-FUNDED CHARITY SCHOLARSHIPS: 1,943 STUDENTS wL'rL' iir()viilL'(I s('Iii)liirsliiii iri N,]U￿n￿ %('Fii)111s ai)Il iii ILhrliary SL,.lii)()It> • SPECIAL NEEDS AND THERAPY SERVICES: SUPPORTED 349 CHILDREN willi Ili%dl)Ilitie )r¢_iiigl) IliLJfdVy arid tailurL.d vi.ugi dlll • FREE HEALTH SERVICES: 18.635 FREE TREATMENTS ai h03Fiila13 and in village healih outre(Ic.hes • NEW HOMES: 2 HOMES WERE BUILT Eor vulner<iL)le lamilies by siudenis from IklVIIS io

MUSANA LEADERSHIP DEVELOPMENT PROGRAM (MLDP) DEVELOPING FUTURE LEADERS: Eliuiys L'IIIL'i'giIig Musaiiil IL'adL'i'S wiIII essential skills l(Ir Siislainalile imp<lC.I. Impact in 2024 86 LEADERS TRAINED CORE TRAINING AREAS: C¥overnance, ethical leadership, I'inancial slewardship, and social enlrepreneurship IN 2024 ly￿1)Y iiiiw Iiiaiiaging Iijsuiia ￿li1X)IS, hnspilals, urid busiiiosse.s LOCALLY-LED EXPANSION-ensurin8 fijture. liisaiia caiiipiises Ilirive under honiegrowii leade.rsliip HANDS-ON EXPERIENCE: Montorshipi red l-w()rlil I)r()l)lem-%()l￿ iiig, diid innovdti()n workshops FAITH-CENTERED GROWTH: l.cadcrshii) grounded iii yr<iyer dnd et111(￿1 W<ilues SUSTAINABLE COMMUNITY TRANSFORMATION- graduates are actively driving change in their communities

Capital IMPACT WHEN YOU INVEST IN MUSANA, YOU EMPOWER THE LOCALS WITH QUALITY INFRASTRUCTURE THEY NEED TO MAKE CHANGE WITHIN THEIR OWN COMMUNITIES. 12

$315.669 IGANGA COMMUNITY $649.141 KALIRO COMMUNITY Financial BREAKDOWN $1.860.936 KAMULI COMMUNITY $150.843 BUDAKA COMMUNITY $133,287 MAYUGE COMMUNITY CAPITAL INVESTED IN INFRASTRUCTURE IN 2024. $3.109.876 Cumulative CAPITAL INVESTMENT $16.CW,OCK) $14.000,000 $12,CKK),OCK) si0.￿[),00) $8.OCK>,¢OO $6.t￿I￿LXI $4.000.000 $2.000.000 20 J016 1017 20 2020 2021 2025 13

SUSTAINABILITY of uganda Operations Sustalnablllty by Locatlon I IMCOME IGANGA KALIRO KAMUU OUTREAC ADMIN Sustalnablllty by Sector INCOME EDUCATION HEALTH HOSI4TNLITY MERCH PRODUCTION OUTREACH ADMIN 14

&.Profits JECTIDN Ugandan In Country Income & Profits from Operations f),000,OCQ ,u(ii),ouo 4,000,000 -6,000,000 2,000.000 1,000,000 2021 audited 2022 audited 2023 audited 2024 unaudited 2025 prqected Ugandan income from operations UgaThJan profits from cperats"cn¥ tTrb 11 ca outreach exF.ns(* not indude& - 15

CONSOLIDATED statement o Inancial position AS OF DECEMBER 31. 2024 | WITHCOMPARATIVETOTALS FOR2023 ASSETS Currant Assats Lllsli lliid Casli Equivalents IIivLhStIllCbIllS l)i)n<lti()ns Hece.ii'iil)le. Acc￿lI1115 RoLoivJble Prepaiil Expeiises Riglit-of-liw ttsse.I liivv.iitnry PrO￿rtY and Equipment 2024 2023 306,223 7147,tiY7 77,81J8 06,623 fi7,11fi1 43,139 310,203 10,525,682 718,iOJ I,U72,:411i 151,033 262,157 43.13Q 242,661 13,281,005 TOTAL A￿ET5 15,956,666 $12.214,6J6 LIABILITIES & NET ASSETS Llabllltles Current Llabllltles 2024 2023 212,P)IVS 4.)66 217,154 curre.nt l)01-lioii ol. i.nnii-Term Debt. 'l()lal (:urre.iii l.ial)ililies 111,ry,371 Long Term Llabllltles %iTr('ial liJii)a('.I liii'rstlEig i.(￿11￿ and Lease. obligations" ()i)('ratiiig i.i)aw. l.ial)ility Total Liabililiesi 3,251,528 43,702 3￿12,385 2,270,559 2,419,632 Net Assets Wiilii)Iii Dcinnr Re.striLtIoiis With Doiior Re.5trictions To(al Ne( Asse 11, JP71,747 872,934 12.444.251 g,187,063 607,921 TOTAL LIABILITIES & NET ASSETS 15.956.666 12.214,616 MLts%ma i compritdofÈhMyrotl¥d ¢ntrti¢È that gllrh r#coThk in 2024 tho third legul enti£), .Wtts(ma Llli, recodedin Brt£i$h Pound# Althou&th th￿￿ issx)mÈo¥rfap, broadli sptraktiig, prwip7 acti￿tte$ L%￿ run ' the non￿mMe17￿ll owaniaiIion (NGO) regJ"sEeFEd rn ￿g￿la4 Fvcorded IFZ Ugondffli shilling& Administratii￿ & Genert71 dation olall Èn£tties unle&%oihen4rysÈspe¢ifid.411 amounts lit usdollthx ugaiid411 slrilliiig$ ond Brttish Poundhai boe conwrtd Io us dollars at theexchange rate in effgct fjt thee￿1 o[eachyar. All aFY curnM￿y uiMler47uditfor 2024. All 024fiywnLYat d(tta t* thtrmforè tsnatsdtt 16

CONSOLIDATED statement of activities FOR THE YEAR ENDED DECEMBER 31. 2024 INFLOW OUTFLOW l.'gandA PmgrAn) Ine.nmp. Doilatiuns liidividual 2,630,u24 Ilusiii£h%sfis, Ni)11-Prufiis, cliurLlI PariJieTS 442,939 FiiIic,. Purtii(!rs 291,920 1.4:49,721 Program Ixponses Gciicrul &. ,%dtiiitii5trution Ex￿nSeS FuiiJi uisiiig FthiJL'JlbL'b Lupit(Il l)p.ITP.Iiipiiip.nt 5,810,143 727,403 S,1'4fj,7d7 TOTAL OUTFLOW 110,145,609 Snr.iAI ImiiHr.t Invo.stin¢ I,Mn,n TOTAL INFLOW ¢10.4611,622 Program Expense 57% Capital Development 31% FuiiiJrdiSilly 7% Uganda Program Income 34% General & Administration 5% Donations 29% Fundraisers 14% snr.ial Imriac.t Invg.sting 10 Other Income10% Shine 3% CHARITY NAVIGATOR


chariiy D4avigalor has awarded hiuwna iheir high£st h()nor, 4-Star Ratingfor Accountability fr-inance. Flxjr si¥ Ch¥lty t(x)k on Sociol imwrt ImYstip¥ LWJS rn 2(Y22 to k Ityedforc￿ItdI cO￿￿TUrtl0￿ rn iW(L n7£￿10a￿S are uncollat4waliz4d, int*TQSt whrch iy)cludVfip￿CJaI rpwoFJtiiwtopo%vffeaAiT4Tnd topérfomi to PPW47gurahlo glup7knn tho Mug47na boords in tho US and LTgnpJdo 41Fpr￿'0dth¥s¢Io0￿9I7S ofiiicre￿[p￿ th¢ syodofcojwtruction rn both KTliro aFd Kanpiili, allowngknih campu9￿t0 k copppplrtw14TppraYipThttvli'2 to 3 WI￿401{[¢T th￿1 Ilrytknut tho loans. 17

¢1 Ir Expansion: SCALINGWPA ING LIVES ," Jn theyeg'a4Fad bold expans7()ntthrjnging at h¢althcare, anL4iu9mie deidopm

Breaking Ground, Building Futures FINALIZING OUR KAMULI REPLICATION: Musana VorAtional HigFI SLlI()ul is oil Ifdck 10 ()peii iii 2026, equiypirig yuuiig peuple wilh the.skills they need for suc.c.essful futures. EXPANDING THE MUSANA EMPOWERMENT CENTER (MEC) & PRODUCTION UNITS IN KALIRO: More women and youth will gain access io trainirig and employmeni opponunilies, fosterin% Financial independenee. LAUNCHINO OPERATIONS IN MAYUOE & BUDAKA: Tlie consiruclion of two Iiew primary schools will mark Ihe beginning ol. Musana's presence in Ihcise cornmunilies, with accompanyirig S()Lidl eiiieryrises io follow. 7-Year Wision: Transfomiing 10 Communities by 2032 MUSANA'S PROJECTED IMPACT WILL EXTEND FURTHER THAN EVER BEFORE: 4 60 thrlvlng enterprlses fuellng local economles 20,000 students empowered through education 3 mllllon people glven access to quallty educatlon 3,000 staff members drlvlng change and Innovatlon Over $20M In annual local revenue (53,W,l iii loLiii proJii 10 use Jur IOL(ILI)funded Lhrtrii))- when operat- ing at Jull cqpocity THIS IS MORE THAN GROWTH-IT'S A MOVEMENT. Weare prnving that siistainablp. Incally led Aevelnpment Is the fiitiire, and wilh your supporl, wc arc changing the narralive of aid. The fulure is brighr, and NIus¢llliJ is ledding rhe Wdy. 19

Thank You We are so gratejuljor the donors, partners, staff, and community leaders who helped Musana grow in 20241 f I 20

GRATITUDE FOR 2024 SUPPORTERSfveled Musana's mission through generous gifts 494 NEW SUPPORTERS joined our Musanafamily throughfirst-time donations 321 MONTHLY SUPPORTERS pruvided u stable source of capital throughout theyear to drive long-term impact 1,071 EVENT ATTENDEES joined at one or more of our events in the US and the UK 135 VOLUNTEERS Lontributvd their lin7e and re￿UrCeS tu aclively .join the wrk is doinK ihmugh Nlusana 277 INTERNATIONAL TRAVELERS visited Uganda to experiencefv-rsthand how Musana's model transforms communities Ihvse rvfflect combir]ed r]umlw5lor the US and UKfvTdrngoffjc 21

UGANDA TEAM Head Office Sthff- John Mary Mungere - Financial Controller Susan Akunu - Administrative Manager Oliver Kwagala - Human Resource Manager Denelson Magumba - Procurement Off icer Noah Waako - Lstates Uffi￿r Phillip Aine - Accountant Doreen Nafuna - Accountant Juliet Achen - Accounts Assistant Hosea Satati Uzziah - Head Spiritual Nurture Affairs Ronald Nantamu - Regional Coordinator- Kaliro Reagan Kusasira Regional Coordinator- Kamuli Yona Ibanda - Public Relations Off icer Mariam Kagoya - Human Resource Assistant Outreach Department: Joash Paul Ndizaawa - Head Outreach Department & MEC Florence Nabaganzi Social Worker- MEC-Iganga Lydia Nan9obi Social Worker- MNPS-Busei Manjeri Kikazi S¢xial Worker- MNPS-Bukona Hellen Birungi Social Worker- MVHS-Kaliro Mary Mour•on Achan - Social Work•r- MVHS-Iganga Edward Maganda - Social Worker- MCHC-Iganga Brian Wamalwa - Social Worker- MCHC-Kaliro Victor Mukooba - Social Worker- MCHC-Kamuli Apophia Muwanguzi Social Worker Rogers Egesa - Occupational Therapist Musana's Team CO-FOUNDERS & CEOS Oversee the Ligupidan. UK, aiid us tearns Andrea Kazindra Haril Kazindra Musano F￿p￿emy￿I Cenler (MFC): Victoria Ahumuza Administrator- Iganga Suzan Kitali - Accounts Assistant- Igang Florence Birungi Administrator MEC & Guest House- Kaliro Hospitality Hannington Kabbala - Manager- Solview Hotel-lganga Noah Lutaaya - Manager- Solview-Kamuli Harun Wansadha - Manager- Guest House Iganga & Head Chef Solview Hotel- Iganga Joseph Opolot - Guest Liaisons Off icer Moses Nabajja - Assistant Guest Liaisons Off icer Samuel Tumwebaze - Assistant Guest Liasons Off ic8r Lillian Namukose - Chef-Guest House- Iganga Edueirtion - Primary Schools: Mike Nalugoda Technical Manager- Primary Schools Henry Wayambuka - Deputy Head Teacher MNPS- Kaliro Esther Agwang - H&3d Teacher- MNPS-Kamuli Morris Odida - Dèputy Hèad Teacher- MNPS-Kamuli Henry Ngobi Head Teacher- MN PS-Bukona Mugoya Hamidu - Deputy Head Teacher- MNPS-Bukona Jowel Mongoi - Head Teacher- MNPS-Busei Ivan Lugendo - Deputy Head Teacher- MNPS-Busei Irene Nakagolo - Head Nursery Section- MNPS-Busei 22

Edueational- Vocational High Sehools= Raymoncl Raanga Owino - Technical Manager- MVHS Abdallah Mbubu - Deputy Head Teacher- Academics Oliver Batale - Head Teacher- MVHS-Kaliro Paul Bwana - Deputy Head Teacher- Administration-Kaliro Ronald Batabaire - Deputy Head Teacher Academics-Kaliro Isimail Kasadha Administrator/PRO-Kaliro Racheal Mukyala - Deputy Head Teacher- Administration-lganga US BOARD MEMBERS Leigh Dunn President Tracy Pirnack Secretary eth Gu ndèrson - Treasu rèr Jason Groom Keith Kasten Justin Mihalcin Kay Morrison John Sawyer Musana Community HospitaLs: Carol Agasha Technical Manager Jesse Naaya - Medical Off icer & Head Clinician Onesmus Wakabi - Medical Officer & Heaj Clinician-Kaliro Ivan Munigwa Medical Off icer & Incharge Maternity Francis Oneka - Medical Off icer & Head Clinician-Kamuli Nicholas Mandela - Physiotherapist Annet Kitonto - Hospital Administrator-Kamuli P81 inah Nyag Hospital Ad ministrator-Kaliro Susan Kibodyo Hospital Administrator-lganga US BOARD ADVISORY Don Dolifka Bob Moser David Mvrrison Pat Pauline Stew Pirnack Bob Rensink UK TEAM Paul Smith - UK Director Zoe Carpenter - Bookkeeper UGANDA BOARD MEMBERS Loida Nambi Chairperson Elizabeth Baleke - Member Beatrice Tanaguza - Member Andrea Wauline Kazindra reasurer Edward Kimalyo - Member L)avid Llaxter ￿akib1nga - Membèr (L￿al Advisor) Haril Kazindra - Secretary Watèr Prontilé Kawanguzi - Membor (Medical Advisor) UK BOARD MEMBERS Andrea Kazindra Haril Kazindra Jim Wicks Jenny Wordley Don Dolifka US TEAM Erin Mosér - Chièf Advancèmont Officèr Cory Wolven - Communications & Marketing DIr￿tOr Tami Hall - Operations Manager Susie Knight - Community Engagement & Volunteer Coordinator Nicole Unger Events Officer Monique Garcia-carson Merchandise Coordinator Amy Kirschke - Community Engagement Coordinator Hannah Hostetler - Development Otticer Ellen Conner - Bookkeeper Brad Fischer Accountant 23

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Get Involved DONATE Replication ofour modd relies on thegenerosity rfpeople liheyou. Join us as we break Ihe Cycle ofpovry and dependency in more communifiesl 5upporr Musana today at MUSANA.ORG/DONATE SPONSOR AN EVENT Contact usfor sponsorship opportunities at info@musana.o VISIT MUSANA Travel to Uganda with a team to experience M￿ana s modelhrsthandl More info at MUSANA.ORG/TAKE-A-TRIP VOLUNTEER Join us ai MUSANA.ORG/VOLUNTEER Contact Us Musana Communlty D•v•lopm•nt Organlzatl¢)n WWW.MUSANA.ORG U.S. Fundlng Offke 8100 E Arapahoo Rd.. Sults 305. Centennlal. CO 80112 303-955-03801 Int￿muSana.Or9 UK Fundlng Offke l Knlghtswood Vlew, Statlon Lane. Chandlerjs Ford, S063 4EN +44 78418654421 info.ukC￿mUsana.or9 FOLLOW MUSANA in 25

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

Trustees' Responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable Law and the Generally Accepted Accounting Principles (GAAP) including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on …………………………………………9th July 2025………………………………………………………

Signed on their behalf by Trustee ……………………………………………………………………………………………………………

Printed Name: J. Wicks

30

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Musana Community Development Organisation on the accounts for the year ended 31st December 2024 set out on pages 32 to 40.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the 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 trustees 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 and 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:

  1. which gives me reasonable cause to believe that in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

Date: 17th July 2025

31

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

Unrestricted Designated Restricted TOTAL TOTAL
Notes Funds Funds Funds 2024 2023
£ £ £ £ £
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations, Grants & Legacies 3a 230,661 - - 230,661 128,650
Charitable Activities 3b 9,446 - 16,500 25,946 15,391
Activities for Generating Funds 3c 4,165 - - 4,165 -
Investment Income 3d 432 - - 432 41
TOTAL INCOMING RESOURCES 244,703 - 16,500 261,203 144,081
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities 4a 264,820 - 25,248 290,068 119,268
Cost of Generating Funds 4b 1,437 - - 1,437 3,437
Governance Costs 4c 6,072 - - 6,072 1,148
TOTAL RESOURCES EXPENDED 272,328 - 25,248 297,576 123,853
NET INCOMING (OUTGOING) RESOURCES (27,625) - (8,748) (36,373) 20,228
Funds Brought Forward 89,260 - - 89,260 69,032
Transfer Between Funds 5 (8,748) - 8,748 - -
TOTAL FUNDS CARRIED FORWARD 52,887 - - 52,887 89,260

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 34 to 40 form part of these financial statements.

32

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

BALANCE SHEET AS AT 31ST DECEMBER 2024

Note
Fixed Assets
Tangible Assets
2
Investments
7
Total Fixed Assets
Current Assets
Stock
18
Debtors & Prepayments
9
Cash at Bank and in Hand
8
Total Current Assets
10
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
11
NET ASSETS
Funds of the Charity
General Funds
Designated Funds
5
Restricted Funds
6
Total Funds
Creditors: Amounts falling due in more than
one year
Creditors: Amounts falling due within one
year
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
31-Dec-24
31-Dec-23
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
4,662
-
4,662
-
13,592
-
13,592
2,623
36,782
-
36,782
87,717
55,036
-
55,036
90,340
2,149
-
2,149
1,080
52,887
-
52,887
89,260
52,887
-
52,887
89,260
-
-
-
-
52,887
-
52,887
89,260
52,887
-
52,887
89,260
-
-
-
-
-
-
-
-
52,887
-
52,887
89,260

Approved by the Trustees on …………………………………………9th July 2025………………………………………………………

Signed on their behalf by Trustee ……………………………………………………………………………………………………………

Printed Name: J. Wicks

33

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements 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 financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

34

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

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 output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment

25% - Reducing Balance Basis

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets during this or the previous financial period.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2024 : None

31st December 2023 : None

35

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

3. INCOMING RESOURCES

a) Donations, Grants & Legacies
Gifts & Donations
Gift Aid Tax
b) Charitable Activities
Activities & Projects
c) Activities for Generating Funds
Products & Services
d) Investment Income
Interest
Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2024
2023
£
£
£
£
£
220,315
-
-
220,315
126,437
10,346
-
-
10,346
2,213
230,661
-
-
230,661
128,650
9,446
-
16,500
25,946
15,391
9,446
-
16,500
25,946
15,391
4,165
-
-
4,165
-
4,165
-
-
4,165
-
432
-
-
432
41
432
-
-
432
41

36

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Activities & Events
Administrative Expenses
Advertising & Publicity
Bank Charges
Equipment Costs
Fund Raising Costs
Gifts & Grants
Insurance Costs
Licenses & Subscriptions
Office Costs
Printing, Postage & Stationery
Staff Costs
13
Sundry Expenses
Travel & Subsistence
Volunteers Expenses
Website Costs
5
b) Cost of Generating Funds
Product Costs
c) Governance Costs
Independent Examiners Fees
9
Legal & Professional Fees
Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2024
2023
£
£
£
£
£
11,832
-
25,248
37,080
31,466
2,515
-
-
2,515
3,100
6,639
-
-
6,639
459
281
-
-
281
95
-
-
-
-
125
3,989
-
-
3,989
13
127,747
-
-
127,747
55,414
1,090
-
-
1,090
-
2,442
-
-
2,442
-
5,615
-
-
5,615
1,060
2,861
-
-
2,861
164
94,965
-
-
94,965
24,416
196
-
-
196
203
4,073
-
-
4,073
1,907
576
-
-
576
-
-
-
-
-
845
264,820
-
25,248
290,068
119,268
1,437
-
-
1,437
3,437
1,437
-
-
1,437
3,437
1,200
-
-
1,200
1,080
4,872
-
-
4,872
68
6,072
-
-
6,072
1,148

37

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

5. DESIGNATED FUNDS

CURRENT FINANCIAL PERIOD

Web Platform
PREVIOUS FINANCIAL PERIOD
Web Platform
Balance
Balance
01-Jan-24
Income
Expenditure
Transfers
31-Dec-24
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
Balance
Balance
01-Apr-23
Income
Expenditure
Transfers
31-Dec-23
£
£
£
£
£
-
-
845
845
-
-
-
845
845
-

Designated funds are wholly represented by the charity's cash reserves and are to be expended as designated above.

6. RESTRICTED FUNDS

CURRENT FINANCIAL PERIOD

Come & See Balance
Balance
01-Jan-24
Income
Expenditure
Transfers
31-Dec-24
£
£
£
£
£
-
16,500
25,248
8,748
-
-
16,500
25,248
8,748
-

Restricted funds are wholly represented by the charity's cash reserves and are to be expended as designated above.

38

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

7. INVESTMENTS

The CIO held no fixed assets investments during this or the previous financial year.

8. CASH AT BANK AND IN HAND

Cash at Bank & in Hand
9. DEBTORS AND PREPAYMENTS
Sundry Debtors
Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
36,782
-
36,782
87,717
36,782
-
36,782
87,717
Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
13,592
-
13,592
2,623
13,592
-
13,592
2,623

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiners Fees
PAYE & N.I
Sundry Creditors
Unrestricted
Restricted
TOTAL
TOTAL
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
1,200
-
1,200
1,080
884
-
884
-
65
-
65
-
2,149
-
2,149
1,080

11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The CIO held no long term liabilities during this or the previous financial year.

12. NET ASSETS BETWEEN FUNDS

Fixed Asset Investments
Net Current Assets
Long Term Liabilities
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
31-Dec-24
31-Dec-23
£
£
£
£
-
-
-
-
52,887
-
52,887
89,260
-
-
-
-
52,887
-
52,887
89,260

39

MUSANA COMMUNITY DEVELOPMENT ORGANISATION

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

13. STAFF COSTS AND NUMBERS

TOTAL
2024
£
Gross Wages & Salaries
89,615
Employer's National Insurance Costs
4,187
Pension Contributions
1,163
94,965
Employees who were engaged in each of the following activities:
TOTAL
2024
Charitable Activities
4
TOTAL
2023
£
21,873
2,042
501
24,416
TOTAL
2023
2

The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000. (2023:None)

14. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

15. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

16. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

17. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.

18. STOCK

Stock consist of items purchased in order to generate income to further the Charity's objects. Stock is valued and included in the accounts at the lower of cost or net realisable value.

40