2022-12-31-accounts - Old Budonian Association UK

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Trustees’ annual report for the period

From 01/01/2022 Period start date, to 31/12/2022 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 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 sponsor current students and old students to perform an educative play – ‘Merchant of Venice’ – at Budo, 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 the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meeting also known as the ‘OBA Executive Meeting’ This activity benefited the current students and teachers as it provided a chance and an experience to gain to perform at the National Theatre with already experienced actors who are at the same time old students at the school. The theme of the play was Mental Health Awareness. This also provided students and teachers at Kings College Budo and Budo Junior School information and awareness of issues faced by metal heathy people and how to deal with them in communities like a boarding schools.

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 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 and donations which one of the main sources of income. 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 fundraising gets done especially when members meet up for charity activities like the AGM, picnics and walks at Box hill.

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 31/12/2022 was £7483
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 £7483 being the balance caried forward to 2023.
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 (e.g., Secretary, Chair, etc) Date	Abdul Kateregga
	Abdul Kateregga
	Treasurer
	30/10/2023
	30/10/2023

Old Budonian Association .UK		No (if any)
Receipts andpayments accounts				CC16a
01-Jan-22 Period start date For the period from	To	31-Dec-22 Period end date

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £ 545 873 30 - - - - - 1,448 - - - 1,448 538 143 27 1,919 - - - - 2,627 - - - 2,627 - 1,179 - - - 1,179	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowme nt funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 545 873 30 - - - - - 1,448 - - - 1,448 538 143 27 1,919 - - - - - 2,627 - - - 2,627 - 1,179	Last year to the nearest £
Members' Donations	545				364
Public Donations & Contributions	873				409
Amazon Smile	30
Fund-raising:	-
	-
	-
	-
	-
*Sub total*(Gross income for AR)	1,448				773

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

OBA Wagepage Subscription fee 2022	538				19
Annual Zoom Subscription	143
Payment for Hire of AGM Hall	27
Payment to Sponsor Schoolplay- Merchant of Venice	1,919

	-
	-				-
	-				-
	-				-
**Sub total **	2,627				19

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*
					19

	- 1,179	-	-	- 1,179	754
	-	-	-	-	-
	-	-	-	-	-
	- 1,179	-	-	- 1,179	754

CCXX R1 accounts (SS)

31/10/2023

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

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	Unrestrict ed funds Restricted funds to nearest £ to nearest £ - 1,179 - - - - - - 1,179 - OK OK Unrestrict ed funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset Cost (optional) - - - - - Fund to which asset Cost (optional) Unrestricted ~~Fund~~ 1,214 Unrestricted ~~Fund~~ 7,483 - - - - - - - Fund to which Amount due (optional) Unrestricted ~~Fund~~ 760 Restricted ~~Income~~ 50 Unrestricted ~~Fund~~ 8,662 - Print Name Abdul Kateregga	Endowment funds to nearest £
		-
		-
		-
		-
		OK
		Endowment funds to nearest £
		-
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		Current value (optional)
		1,500

		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
Abdul Kateregga	Abdul Kateregga	30/10/2023

CCXX R2 accounts (SS)

31/10/2023