## 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)