# **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| 2 ## **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 3 ru .Ahriua .,•trRepo 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 • 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,¢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**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 ASSETS**less 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