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2023-12-31-accounts

Trustees’ annual report for the period

From 01/01/2023 Period start date, to 31/12/2023 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’
Additional information (optional)
You may choose to include further statements		 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 One-off Cash donation of £500 to Budo. This was
from late Sheila Gilbert's Will or estate.

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.

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 31/12/2023 was £10,393
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
£10393 being the balance caried forward to
2024.
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		 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

Assistant Treasurer
18/10/2024
18/10/2024

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-23 31-Dec-23

Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
590
620
44
-
1,115
223
90
500
3,182
-
-
-
3,182
22
143
95
12
-
-
-
-
272
-
-
-
272
2,910
-
-
2,910		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
590
620
44
-
1,115
223
90
500
3,182
-
-
-
3,182
22
143
-
95
12
-
-
-
-
272
-
-
-
272
2,910		 Last year
to the nearest £
Members' Donations 590 -
-
-
-
-
-
-
-
-		 590 545
Public Donations & Contributions 620 620 873
Amazon Smile 44 44 30
Profit from Memorabilia
Fund-raising: - -
FundraisingDance 1,115 1,115
Profit from Memorabilia 223 223
Memorabilia 90 90
One -off donation to Budo 500 500
Sub total(Gross income for AR) 3,182 3,182 1,448
A2 Asset and investment sales,
(see table).
- -
-
-		 -
- - -
Sub total - - -
Total receipts
A3 Payments
- 3,182 1,448
OBA Wagepage Subscription fee 2022 22 -
-
-
-
-
-
-
-
-
-		 22 538
Annual Zoom Subscription 143 143 143
Payment for Hire of AGM Hall - 27
Purchase of OBA Card Payment Machine 95 95
OBA Card Payment Machine Commision 12 12
- -
Payment to Kings College Budo(KCB) - - 1,919
- - -
- - -
**Sub total ** 272 272 2,627
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
- 272 2,627
2,910 - - 2,910 - 1,179
- - -
-		 - -
- - - -
2,910 - - 2,910 - 1,179

CCXX R1 accounts (SS)

18/10/2024

1

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

Categories
Signed by one or two trustees on behalf
of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds
CCXX R2 t SS		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Net Cash for year (Bank)
Details
Details
Stock of Memorabilia at Cost
Retained Earnings
Charity 's Reserves (Net worth)
Details
OBC - Uganda
Water- Sanitation Project(WATSAN)
Signature
Abdul Kateregga
~~2~~		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
2,910
-
-
-
-
-
2,910
-
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
928
Unrestricted Fund
10,393
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
Unrestricted Fund
-
Restricted Income
810
Unrestricted Fund
10,393
-
Print Name
Abdul Kateregga		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Abdul Kateregga Abdul Kateregga 18/10/2024
~~2~~ ~~18/10/2024~~

Signed by one or two trustees on behalf of all the trustees

CCXX R2 accounts (SS)