2021-12-31-accounts - Old Budonian Association UK

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ annual report for the period

From 02/06/2021 Period start date, to 31/12/2021 Period end date

Charity name: Old Budonian Association UK Charity registration number: 1194661

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	For the public benefit to advance the education of the pupils at King’s College & Budo Junior Schools ("the schools") in Kampala Uganda in such ways as the trustees think fit, including by awarding to pupils at the school scholarships, bursaries, assisted places, maintenance allowances or grants on the basis of financial need to enable them to attend the school and to advance the education of the pupils at the school by providing and assisting in the provision of facilities for education at the school.
Summary of the main activities in relation to those purposes for the public benefit the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The main activity was to raise money to help the school in particular, a payment was made to Budo Staff Covid Relief Fund, and this is clearly listed or identified in the annual accounts
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In planning and deciding the activity to carry out for they year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meeting aka ‘OBA Executive Meeting’ This activity benefited teachers at Kings College Budo and Budo Junior School that were undergoing difficulties to carry on their duties as teachers, mentors to young people aged on average between 7 and 18 years regardless of personal background, faith, gender or personal circumstances.
Additional information (optional) You may choose to include further statements		where relevant about:
	SORP reference
Policy on grant making	Para 1.38	We are grateful for the time some of the trustees are putting id in drafting the policy for grant making although not yet reviewed

		and implemented by the charity. In future this will be beneficial to our charity organisation
Policy on social investment including program related investment	Para 1.38	We have also highlighted a few areas that need social investment, and a committee has been setup to come up with social activities to get old Budonian together and in turn raise funds for this charity.
Contribution made by volunteers	Para 1.38	All the work carried out is voluntary work and no trustee or member of the charity is paid for the work they do. Without this valuable contribution of time, energy, and expertise we would not have been able to achieve our aims and objectives.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20		Membership: We managed to register more ‘Old Budonian’ in UK that are now affiliated to this charity and ready to support the charity causes. This also means more subscription fees which one of the main sources of income. Donation and Contributions: More donations were collected specially to support post covid issues at the schools supported by the charity in Uganda. Memorabilia: An effort was made to purchase memorabilia printed with the school logo. This is normally sold to members and is another income stream for the charity. Fundraising: A lot of post covid fundraising was done and was the main activity for the charity. Members setup a ‘Nike Run Challenge’ and the proceeds were given to the charity for its causes. OBA Charity registration: OBA was running as just a registered company at company house. It is a great achievement that is now a fully registered Charitable Incorporated Organisation (CIO)

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Cash at bank at 31/12/2021 was £8506.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The policy for holding reserves is to spend 10% of the income earned every year on projects at the schools being funded. This way we hope to grow the reserves until deemed enough to start a big, useful, and memorable project at the schools.
Amount of reserves held	Para 1.22	Currently the reserves held amount to £8662 being the balance caried forward to 2022.
Reasons for holding zero reserves	Para 1.22	Not Applicable
Details of fund materially in deficit	Para 1.24	Not applicable
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The main financial risk to the charity is loss of income from member subscription and reduced donations since the lockdown.
Additional information (optional) You may choose to include further statements		where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The main source of income is donation from the individual members, sales from memorabilia.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (Trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g., unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation (CIO)
Trustee selection methods including details of any constitutional provisions e.g., election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	This is an exercise carried out at the AGM and this is result of a show of hands from the members interested in becoming trustees

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Old Budonian Association UK
Other name the charity uses	N/A
Registered charity number	1194661
Charity’s principal address	29 Garrett Close Kingsclere, Newbury RG20 5SD

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Edwin Dhauke	Chairman
	Flavia Mwanja	Vice-Chairman
	Abdul Kateregga	Treasurer
	Aida Kasozi	Secretary
	Fred G Buwembo	Vice-Treasurer
	Derek K Kayanja
	Moses Kajubi
	Paul Egaru
	Jacqueline Mutibwa- Kasirye
	Winifred Bemba Kagere
	Fred Semugera

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this fall within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	Abdul Kateregga	Fred G Buwembo
	Abdul Kateregga	Fred Buwembo
	Treasurer	Vice-Treasurer
	24/07/2022
	24/07/2022

Old Budonian Association .UK

Old Budonian Association .UK No (if any) Receipts and payments accounts CC16a For the period Period start date Period end date To from 01-Jan-21 31-Dec-21

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ 364 409 - - - - - - 773 - - - 773 19 - - - 618 - - - - 637 - - - 637 136 - - 136	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £	Total funds to the nearest £ 364 409 - - - - - - 773 - - - 773 19 - - - 618 - - - - 637 - - - 637 136	Last year to the nearest £
Members' Donations	364		- - - - - - - - -	364	694
Public Donations & Contributions	409			409	832
Student Sponsorship	-			-	330
Fund-raising:	-			-
Covid Relief Fund	-			-	460
Nike Run Challenge	-			-	90
OBA CharityRegistration Fund	-			-	230
Sale of Memorabilia	-			-	70
*Sub total*(Gross income for AR)	773			773	2,706

A2 Asset and investment sales, (see table).
	-		- - -	-
	-			-	-
*Sub total*	-			-	-
*Total receipts* A3 Payments
			-	773	2,706

OBA Wagepage Subscription fee 2021	19		- - - - - - - - - -	19	304
Budo Staff Covid Relief Fund	-			-	600
Fund-raisingexpenses	-			-	410
Student sponsorship	-			-	330
CharityRegistration Legal Fees	618			618	490
Purchase of Memorabilia	-			-	226
	-			-	-
	-			-	-
	-			-	-
**Sub total **	637			637	2,360

A4 Asset and investment purchases, (see table)
	-		- - -	-
	-			-
**Sub total **	-			-	-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
			-	637	2,360

	136	-	-	136	346
	-	-	- -	-	-
	-	-		-	-
	136	-	-	136	346

CCXX R1 accounts (SS)

24/07/2022

Section B Statement of assets and liabilities at the end of the period

Fred G. Buwembo Signature Abdul Kateregga OBC - Uganda Water- Sanitation Project(WATSAN) Charity 's Reserves (Net worth) Details Details Stock of Memorabilia at Cost Retained Earnings Net Cash for year (Bank) Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds Restricted funds to nearest £ to nearest £ 136 - - - - - 136 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) Unrestricted Fund 1,016 Unrestricted Fund 8,526 - - - - - - - Fund to which liability relates Amount due (optional) Unrestricted Fund 760 Restricted Income 50 Unrestricted Fund 8,868 - Print Name Abdul Kateregga Fred Buwembo	Endowment funds to nearest £
		-
		-
		-
		-
		OK
		Endowment funds to nearest £
		-
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		Current value (optional)
		1,016
		8,526
		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
Abdul Kateregga	Abdul Kateregga	19/07/2022
Fred G. Buwembo	Fred Buwembo	19/07/2022

CCXX R2 accounts (SS)

24/07/2022