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2025-03-31-accounts

Annual Report & Financial Statements for the Period Ended 31[st] March 2025

Charitable Incorporated Organisation (CIO) Number: 1196225

24/01/2026

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Table of Contents

Table of Contents
1. Structure, Governance and Management............................................................................................... 4
2.1 Governing Document........................................................................................................................... 4
2.2 Appointment and induction of Trustees................................................................................................ 4
1.3
Organisational Structure............................................................................................................... 4
1.4............................................................................................................................................................ 4
1.5
Major risks.................................................................................................................................... 4
1.6
Public Benefit............................................................................................................................... 5
2. Charity Objectives................................................................................................................................ 5
2.1 Objects............................................................................................................................................... 5
3. Projects and Activities........................................................................................................................... 6
3.1 Scholarships....................................................................................................................................... 6
3.2 Young People Economic Empowerment in Uganda............................................................................... 9
4. High Demand for Education Support................................................................................................... 12
6. TEF Education Conference.................................................................................................................. 14
7. Networking, Collaboration and Advocacy / Community Engagement.................................................... 14
8. Recognition of the Impact of TEF......................................................................................................... 14
9. Financial Review................................................................................................................................. 15
10.
Reserve Policy................................................................................................................................ 15
11.
Principal Funding Sources............................................................................................................... 15
Annual Report and Unaudited Financial Statement .................................................................................... 16
Notes to Financial Statements - 31 March 2025 .................................................................................... 20
Notes to Financial Statements - 31 March 2025................................................................................... 22

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The Trustees of Teso Education Fund present their Annual Report and Accounts for the year ended 31 March 2025

Reference and Administrative Details

Name of Charity: Teso Education Fund Charity Registration Number: 1196225 Registered & Operational Office : Office 1, 1 Coldbath Square London EC1R 5HL Tel: 0204 529 2693 Email : info@tefuk.org Website: https://www.tefuk.org/ FB: https://www.facebook.com/tesoeducationfund LinkedIn https://www.linkedin.com/groups/12986033 X (Twitter) https://x.com/TefFund YouTube: https://www.youtube.com/@tesoeducationalfund3209 Bankers : Metro Bank PLC One Southampton Row, London WC1B 5HA Independent Examiner: The Blessing & Contract Ltd 16, Leonard Road, London SW 16 5TA

The trustees who served during the year to date of this report

Name
1. Leonard Opolot Oguli
2. Solomon Emong Robon
3. Dr Solomon Afework
4. Alex Addo
5. Peter Lambert Olupot
6. Martha Ococ		 Position
Chair
Trustee
Trustee
Trustee
Trustee
Trustee

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1. Structure, Governance and Management

2.1 Governing Document

Teso Education Fund is a UK registered charity. It is governed by its constitution adopted on 19 August 2020. The charity exists to promote development through mobilising resources, especially finances, providing grants, and implementing projects in education, skills training, and education related and community interventions in the UK and in Teso in Uganda and Kenya.

2.2 Appointment and Induction of Trustees

As stated in the Constitution, the appointment of the trustees is staggered. Some trustees serve 3 years, some 2 years while others serve 1 year. Staggering the appointment of the trustees is aimed to ensure continuity, institutional memory and infusion of new ‘blood’. Appointment is done by a resolution passed at a properly convened meeting of the trustees. Newly appointed trustees are provided with a comprehensive induction pack containing Teso Education Fund’s constitution and roles and responsibilities as charity trustees. Newly recruited trustees are oriented, briefed and mentored by established trustees on their legal obligations under charity law, the content of the constitution, the decision-making process, the objectives, strategies and recent financial performance of the charity.

1.3 Organisational Structure

Teso Education Fund is governed by its 6-member Board of Trustees which is responsible for setting the strategic directions and policies of the charity. The board carries out the ultimate responsibility for the conduct of the charity and for ensuring that the charity satisfies its legal and contractual obligations. Trustees meet every month to deliberate on issues that are important for the smooth running of the charity, including risk assessment, safeguarding and management accounts.

The Board of Trustees give their time on voluntary basis. They are never paid for their stewardship. For effective oversight of the charity, trustees work in committees including finance, fundraising, and programmes committees. Trustees also appoint volunteers including executive director to manage the operations of the charity and offer them much needed advice and support in the management of the charity’s operations. TEF is led by an executive director who is responsible to the board of trustees and leads the overall strategic direction of the organisation including fundraising and implementation of programmes. The executive director is assisted by 2 other directors who lead on specific areas including finance and administration and culture and community wellbeing.

1.4 Major Risks

The trustees recognise that any major risks to which the charity is exposed need to be reviewed and systems put in place to mitigate those risks. To that end, trustees of TEF are continually monitoring and managing its risk register and ensuring that action plans are in place to mitigate its key risks.

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Included in external risks is that of loss or lack of funding. At present, the main source of funding are donations by friends, families and the public, events and specific fundraising activities. The charity continues to continually seek to diversify its funding sources. It is in our plan to start applying to charitable trusts and statutory funders, especially Local Authorities and Lottery sources.

Operational and internal risks are minimised by the implementation of policies and procedures for the authorisation of all transactions and projects, and by ensuring a consistent quality of delivery for all operational aspects of the charitable incorporation organisation (CIO). Trustees are periodically reviewing these procedures to ensure that they still meet the needs of the charity.

1.5 Public Benefit

The Charities Act, 2011 requires trustees to ensure the charity meets the public benefit principle. The trustees have been guided by the principle of public benefit. All the activities that the Charity has undertaken have been for public benefit. Our activities have had beneficial and measurable impact (as shown elsewhere in this report) and have been open to the public (language and culture lessons, community events, laptops) or a significant section of the target population (education scholarships).

2. Charity Objectives

2.1 Objects

The objects of the charity as stated in its constitution are:

  1. To advance the formal education of needy children for the public benefit by undertaking activities such as sponsorship and career guidance to support learners, training, motivating, and empowering teachers, and supporting learning institutions in Uganda and Kenya.

  2. To promote the education of needy children for the public benefit by undertaking vocational training activities such as sponsorship of, career guidance, and apprenticeship to trainees, training, motivating, and empowering trainers, and supporting training institutions with educational materials and infrastructure in Uganda and Kenya.

  3. To facilitate the education and skills training of young people for the public benefit by preventing or relieving poverty, undertaking healthcare interventions including psychosocial support, research, and all the necessary support designed to empower needy individuals, families, and communities to generate a sustainable income and be self-sufficient in the UK, Uganda, and Kenya.

  4. To advance education and skills training for the public benefit by undertaking community education activities such as indigenous language education, physical education, environmental education, civic education, financial education, promotion of the arts and culture and games and sports, for communities in need in Uganda, Kenya, the UK, and online.

  5. To advance social inclusion in education and skills training by ensuring that children with disabilities and other marginalized children who are at the risk of being excluded from the education and vocational training system are actively sought out and included in special needs educational and training programs in the UK, Uganda, and Kenya.

In view of the above Teso Education Fund carried out the following projects and activities in the UK and overseas in Uganda in the reporting period.

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3. Projects and Activities

3.1 Scholarships

The charity continued to pay tuition for the 9 students identified and sponsored to study for degrees at Uganda Technology and Management University, UTAMU. These students are studying BSc in Accounting and Finance and BSc in Computer Science.

The following students were sponsored to start their studies in May 2023

No NAME SEX COURSE HOME DISTRICT
1 AKOL,Patricia Deborah F BSc in Accountingand Finance Butebo
2 AMONGIN,Rebecca F BSc in Accountingand Finance Ngora
3 IKOJA,Faith F BSc in Accountingand Finance Bukedea
4 EOTU,Ivan M BSc in Accountingand Finance Soroti
5 MALINGA,David M BSc in Accountingand Finance Bukedea

The following student was sponsored to start her studies in September 2023

No Name Sex Course Home District
1 AMUGE,Eseza F BSc in Accountingand Finance Kumi

The following students were sponsored to start their studies in January 2024

No Name Sex Course Home District
1 OKELLO,Benjamin M BSc in Computer Science Soroti
2 IMALINGAT,Brenda F BSc in Computer Science Katakwi
3 OGULEI,Moses M BSc in Accountingand Finance Kapelebyong

This is what one of the sponsored students had to say upon starting his studies

Dear sir, hopping my email finds you well. I am writing to express my sincere gratitude for your continued support in my education.

I am currently enrolled in the Bachelor of Accounting and Finance program at UTAMU University semester one year one. So, my studies are ongoing well, I am done with my coursework and warming for final examination semester one-year one.

As I progress in my studies, I am increasingly excited about my goal to participate in a business case competition this year to gain practical experience. Teso Education Fund is making a significant difference in allowing me to focus on my studies and achieve my goals.

On the other hand, I have met a few of my fellow beneficiaries of Teso Education Fund. AMUGE ESEZA, EOTU IVAN, apart from those doing Community Engagement from various places hoping to meet them next semester.

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My photos at compass are attached. Thank you once again for your generosity.

3.1.1 Life Changing Impact of the TEF Scholarship Programme

These are some of the testimonies of the TEF sponsored students.

Soil Fertility Testing App

developed an App and called it, YoSoil App, which is an innovative mobile application that provides real-time soil nutrient analysis, helping Ugandan farmers make informed I decisions about fertilizer application and crop management and connects farmers to verified suppliers of various fertilizers. Unlike existing solutions that require expensive laboratory testing or rely on outdated regional soil maps, YoSoil delivers instant personalized recommendations based on actual conditions in a farmer's field. Benjamin Okello – BSc in Computer Science, Uganda Technology and Management University .

Impact of Computer Science

tudying Computer Science has deepened my passion for technology and innovation. The scholarship has given me the stability and encouragement to pursue my long-term goal of becoming a data scientist and a software engineer. My internship S at Uganda Civil Aviation Authority in my first year exposed me to professional IT environments, where I gained hands-on experience in systems maintenance, data handling, and network security. Currently, my Year 2 internship at the Uganda Police Force Headquarters is expanding my knowledge in networking. These experiences have sharpened my career vision and reaffirmed my determination to excel in the technology field. Brenda Imalingat – BSc in Computer Science, Uganda Technology and Management University

Social Impact of the TEF Scholarship

he scholarship has greatly reduced the financial burden on my parents especially my father who took it up after the death of my mother MHSRIP, who can now focus on other family needs. It has also positively changed how my family views education, seeing it as a path to progress. T Reaching a bachelor’s level has inspired my siblings to also work hard in school; while relieving pressure at home so they can focus on their own studies. This has enabled people in our community to understand that there are other levels of education that can be attained apart from P.7, S.4, S.6 and Certificate. Eseza Amuge – BSc in Accounting and Finance Uganda Technology and Management University

3.1.2 TEF Mentorship Programme

TEF provides information and guidance on educational opportunities. It also provides mentorship and practical support throughout the application process and coping and settling abroad during studies. Below are some of the experiences of the young people TEF has mentored.

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My Journey With TEF: A Story of Guidance, Opportunity & Achievement

Nine years after first connecting with the Executive Director of TEF during an exchange programme in Brighton, a pivotal TEF meeting in 2021 transformed my educational journey. TEF’s mission to support academically capable but financially disadvantaged individuals aligned closely with her background. Through comprehensive guidance on applications, fees, visas, and processes, TEF provided clarity, protection from scams, and consistent support at no extra cost.

With TEF’s continued academic and professional mentorship, I excelled in multiple leadership roles during my studies and fulfilled my commitment to academic excellence by graduating with an MSc in Public Health with Distinction. I am grateful for TEF’s impact, and I pledge to serve as a TEF Ambassador, helping others access the same life-changing opportunities. Caroline Akope Aisu, MSc in Public Health, University of Sunderland, London.

Navigating the Application Process and Settling in the UK

Throughout my entire UK study journey, TEF provided comprehensive, personalised support—from university and course selection to application guidance, fee payments, visa processing, travel arrangements, airport pickup, and accommodation. TEF ensured clarity at every stage, handling complex overseas payments, tracking timelines, and supporting settlement on arrival, including essential setup such as BRP collection, SIM activation, banking, and job searching.

TEF’s continuous guidance played a vital role in my academic success and personal resilience. This support enabled me to graduate with distinction in MSc in Finance and Management. I am grateful for the collective support of trustees, donors, and mentors, the author recognises TEF’s impact as lifechanging—not only for individuals, but for families, communities, and future generations. Grace Akiror, MSc Finance and Management, University of Sunderland, London

Achieving My Dream: A Journey to the UK with TEF

After securing admission to the University of Ulster, I faced significant financial challenges and a visa refusal, threatening my dream of studying in the UK. Determined to continue, I was referred to TEF, which became a turning point by providing clear guidance on university requirements and thorough support with the visa application process.

With TEF’s step-by-step assistance, the author successfully began studying in the UK. TEF’s support has continued beyond admission, including academic follow-up, CV support, and job application and interview guidance. I express deep gratitude to TEF and its leaders for making the pursuit of an MBA possible and sustainable. Stella Ariokot, Master of Business Administration, Ulster University.

Impact of Testimonies on Others’ Journeys

The experiences Dr. Igulot shared about the scholarship journey motivated me to persevere, even when others insisted it was a scam. Today, I am writing this from Trondheim, Norway, at the Norwegian University of Science and Technology, pursuing a Master of Science in Globalization and Sustainable Development on fully funded scholarship. Jacob Eguru, MSc in Globalization and Sustainable Development, Norwegian University of Science and Technology.

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The Power of TEF WhatsApp Scholarship Information Platform

Good evening family, I am Judith Aguti from Katakwi. I am glad to inform the family here that I have been awarded a scholarship to pursue a Master of Soil Science and Agrology at Makerere University in partnership with MasterCard Foundation. This was made possible through the mentorship on this forum and stories of resilience I read in this group. May God bless you all our mentors and continue empowering the youth of Teso. Judith Aguti, MSc in Soil Science and Agrology, Makerere University, MasterCard Foundation

3.2 Young People Economic Empowerment in Uganda

3.2.1 Introduction

In 2024, TEF implemented the Young People Entrepreneurship Development (YPED) project in Uganda. YPED was a 2-year project for youth entrepreneurship development; YPED was implemented in partnership with African Youth Enterprise Development (AYEP) of University of Bristol.

3.2.2 Project Goal

The purpose of the project was to contribute to improving the economic wellbeing of communities in Uganda by empowering them economically through

training, provision of startup capital, and mentoring young people in entrepreneurship. The training phase of the project started in January 2024 and finished in September 2024.

3.2.3 Initiation Activities

The implementation of the project entailed the recruitment of a project coordinator, signing of a memorandum of understanding between Teso Education Fund (TEF) and University of Bristol and between TEF and Uganda College of Commerce (UCC), a state institution of further in Uganda, recruitment of trainers, and public, transparent, and objective recruitment of trainees. The set up of the project finished with the adaptation of the training curriculum to the Ugandan context.

3.2.4 Profile of the Trainees

38.7% of trainees were 21-25 years old, another 38.7% were 26-30 years and 22.6% were 31-35 years. 54% of the trainees were male while females were 46%. 40% had an existing business compared to 60% who did not. Of those who had a business, 77.3% said it was operational compared to 22.7%. Of existing businesses, 78.9% were registered. Majority of the businesses were agricultural (44.4%). Of existing businesses, 72.2% had monthly sales of less than 500,000 UGX (about £100). 27.8% of businesses were financed through profits, 22.2% from loans, and another 22.2% from a combination of sources. 55% of business employed less than 5 people, 30% had no employees and 15% employed 5 – 9 people.

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3.2.5 Training Sessions

The training consisted of 12 sessions delivered face to face at UCC by 5 trainers who are lecturers from UCC. The sessions were every 2 weeks. Each session was facilitated by 2 trainers. The trainees were grouped according to business thematic areas. The trainers used participatory approaches to learning where trainees discussed, shared, and presented their work. Trainees also developed their business plans and show cased their products. Attendance of the 49 trainees was consistently nearly 100%.

3.2.6 Training Curriculum

The training curriculum consisted of the following topics: who is an entrepreneur; enterpreneural effectiveness; building a business empire; business risks and rewards; mastering the launch; legal aspects and business structure; and understanding customer relationships. The other aspects were emotional intelligence and customer ethics; 7 Cs of communication; and business pitching and networking.

3.2.7 Training Logistics

The project paid the project coordinator a monthly allowance of 500,000 UGX (£105). Trainers were paid 100,000 UGX (£21) per session delivered. Trainees were given 20,000 UGX (£4.2) as a contribution to their transport to attend the training. UCC was given 200,000 (£42) per month for organizing the venue. The project served trainees and trainers actual basic meals supplied by UCC catering services. Each daily meal was 5,000 UGX (about £1).

3.2.8 Business and Business Ideas

The trainees had a range of business ideas and businesses. This included agriculture related such as poultry, piggery, aquaculture, and dairy farming. Other ideas included bee keeping, maggot rearing, and veterinary services. Agricultural enterprises were the majority. The other businesses were on restaurant, baking, food processing, furniture making, medical clinics, computer centre, financial services, and manufacture of natural organic medicine. Some trainees show cased and sold their products in the 6-month training.

3.2.9 Provision of Startup Capital

At the end of the training, the trainees pitched their business ideas virtually before a panel of experts that included the trainers and TEF volunteers in Uganda and the UK. As much as most business ideas were great and the young entrepreneurs were passionate about them, the panel objectively selected 10 to give 500,000 UGX each or £105 to fit £1,000 available for capital. The businesses funded include poultry farming; processing of natural organic medicine; food processing; agency banking; computer centre, veterinary clinic; bakery and restaurant; and maggot farming.

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3.2.10 Evaluation by Trainees

The trainees positively evaluated the training. For example, they said the selection process was transparent and inclusive; the curriculum was comprehensive, relevant, and practical; the trainers had the right expertise and were friendly and supportive; and the training was well organised and structured with a caring and very supportive coordinator. On face-to-face training, trainees said it enhanced interaction and engagement and on TEF, the trainees praised TEF for giving them a golden opportunity to train, empowering them and positively impacting their lives.

3.2.11 Evaluation by Trainers

Like the trainees, the trainers positively evaluated the training. They were full of praise for TEF for giving them the opportunity to facilitate the training. They said the curriculum was appropriate and practical and said they would use lessons to inform the curriculum of Uganda College of Commerce (UCC), Soroti. They reported that the trainees exhibited eagerness to learn throughout the sessions; that the trainees with businesses contributed positively to the training by bringing their products to be used for demonstration.

3.2.12 Key Learning by Trainees

The trainees reported a wide range of life changing takeaways from the training including knowledge, skills, and connections. Specifically, the trainees highlighted the following takeaways: enterpreneural skills and knowledge; widened social network and enhanced social capital; enhanced confidence and communication skills; practical applications; personal and professional growth; and exposure to various business ideas.

3.2.13 Case Studies

Over the 6 months of the training, the trainees applied the knowledge, skills and social capital acquired either to improve their existing business or start one. We feature 12 successful case studies. For example, 24-yearold Robert Ochen managed to start his dairy farm; 27-year-old Oliver Alate improved her boutique business; 26-year-old Gabriel Okello improved his existing shoe making business; 30-year-old Charles Angiro set up his agro vet clinic; 26-year-old Beatrice Idimu started her piggery and vegetable production business; and 26-yearold Pius Atinge improved his maggot farming.

3.2.14 Certification

Trainees, trainers, and the project coordinator were awarded prestigious certificates. Trainees and trainers were awarded certificates of completion while the coordinator was awarded a certificate of recognition for effectively managing and coordinating the training despite the limited resources. The graduation ceremony was officiated by the Deputy Principal of UCC, Soroti who awarded the certificates.

3.2.15 Challenges

Because the trainees were drawn from across the Teso region, an area spanning a radius of about 100 kilometers, there were occasional difficulties of arriving for the training on time. This was coupled with poor means of transport. Some places have very limited public service vehicles serving their areas and they would often struggle to get a vehicle to take them back after the training session. The trainees coming from very far places reported that the financial contribution to their transport of £4.2 was not enough. The trainers equally felt their allowance of £21 per session delivered was not enough. In the UK, the limited budget prevented the

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recruitment of a coordinator; this created a strain in the existing volunteer resources of TEF. The limitation of resources also prevented the UK TEF team from travelling to Uganda to undertake the work of the project.

3.2.16 Recommendations

As much as the curriculum was good, the trainees recommended making it more practical and engaging. The trainees also suggested that the trainers needed to provide learning materials, especially handouts. The trainees recommended TEF to expand the opportunity to other young people, especially the thousands who are unemployed. The trainers recommended improving organisation of the training by committing a specific room to the project to avoid room changes that cause delays during training. The trainers recommended UCC to adopt some of the aspects of the TEF-AYEP YPED curriculum.

3.2.17 Conclusion

TEF-AYEP YPED training was a great success. With a budget of £6,710, 49 young people were successfully trained and provide startup capital of £105 each to at least 10 (20%) of the trainees. The trainees conclude that the YPED training had transformed their lives. Crucially, they said the training had given them an alternative perspective to life. Beside the skills, knowledge and practical application, the trainees reported enhancing their social capital, confidence and communication skills and it had led to personal and professional growth. The trainers equally felt TEF and YPED was a unique organisation and project, respectively and both trainees and trainers recommended the scale up of the intervention in Uganda.

4. High Demand for Education Support

During this reporting period, TEF did not sponsor any new students because of lack of funds despite the extent of need. Below are some of requests TEF received from young people in need of education support, guidance and mentorship.

Hi there, I hope this email finds you well. I am writing to inquire about the scholarship opportunity which I saw on social media. I have received unconditional offer from university of Dundee in UK but all my attempts to get funding were unsuccessful. Could I be helped to achieve my goal and aspirations through your program?? Male Person.

Dear Teso Education Fund, I hope this email finds you well. My name is XXXXXX, and I am an Itesot from Ngora. I am reaching out to you to seek support in funding my Master of Science in Food Safety and Quality Management at Abertay University, Scotland.

I am grateful to have been awarded a £5,000 scholarship towards my tuition; however, I still have a financial gap of £12,000 to fully cover my studies. Given the significance of food safety in our communities, I firmly believe that this program will equip me with the necessary expertise to contribute meaningfully to improving food quality and safety, particularly in Uganda and among our people.

I would be immensely grateful if your organization could consider providing any form of financial assistance or guidance on potential funding opportunities that could help bridge this gap. Any support, whether financial or advisory, would be invaluable in helping me achieve this goal and give back to our community. I appreciate your time and consideration and would be happy to provide any additional information or discuss this further at your convenience. Looking forward to your response. DO, Male Person.

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Dear Sir/Madam, I bring you warm greetings from Uganda. I am currently finishing my master’s in international relations and diplomatic studies at Makerere University and a have hopes for PhD, kindly I request to be guided if I can be supported to get a scholarship. Male Person.

Hello Team TEF. Hope this email finds you well. I am writing to seek guidance on how one can secure a scholarship to study for a master’s degree in the UK. Your kind response will change life. Male Person

Dear Sir/Madam allow me to salute you for the great work you are doing in Supporting Teso with education opportunities.

I am a graduate of Bachelor of Business Administration from Makerere University with a postgraduate in Procurement and Supply Chain Management from Uganda Management Institute. I have also just completed a Master’s Degree Program in Business Administration from Makerere University Business School (MUBS) awaiting graduation in January 2025.

I have vested interest in studying a master’s in public health. The Purpose of this E-Mail, therefore, is to inquire from your office whether there are any scholarship opportunities for the same in the UK. I will be grateful for your feedback. Thanks. Female Person

Greetings, I am looking out for Masters scholarships in UK in either Gender studies, Disability or Public health, any assistance rendered to me will be greatly appreciated. I saw your post on Facebook, and I rushed to enquire from you here. I will be waiting to hear from you. Kindest regards. Female Person

Hello, Teso, educational fund, I am XXXXX from Iganga district, Ugand. My parents are currently struggling financially and cannot support my education. I humbly request your assistance my dream is to be a doctor. But we are currently having no funds to make me pursue my career. I will be more grateful if my request is positive put into consideration. Male Person

Good morning, Patrick. I hope this email finds you well. Based on the above subject I need your guidance. You know Uganda still has very few paediatric surgeons and more so our own Teso land does not even have one. It's the reason I write to you for guidance because I have a passion for paediatric surgery now. I work with children surgery hospital Entebbe for now 3 years. I feel I can now grow in this specialty if given the opportunity. Male Medical Doctor

Dear Teso Education Fund Team, I hope this email finds you well. My name is XXXXX, and I hold a bachelor’s degree in development studies from Makerere University. I am writing to express my interest in pursuing further studies in the United Kingdom and to inquire about potential scholarship opportunities. Could you please provide me with more information on the following:

1. Available study programs in the UK for international students; 2. Scholarship opportunities for Ugandan students, specifically those from the Teso region; 3. Eligibility criteria and requirements for these scholarships; 4. Application procedures and deadlines; and 5. Any additional advice or guidance you can offer on studying in the UK.

I would greatly appreciate any guidance or support you can provide in exploring this opportunity. Thank you for your time and consideration. Best regards, JE, Male Person

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Hi Dr. Patrick, I have attended today' session at the invitation of Caroline Akope. I am so keen on knowing how to get a PHD in the UK. I did both my undergraduate in Business Administration (Accounting and Information Systems) and graduate studies (MBA - Accounting and Information Systems) in the US. After I joined Coca Cola immediately after my MBA and have grown to currently Country Compliance Manager at Coca-Cola Beverages Uganda. I am contemplating on moving into academia with focus on lecturing at university level. Your guidance and support will highly be appreciated. Chris

6. TEF Education Conference

TEF organises annual conferences to promote education. In 2024, the theme of the conference was the role of local efforts in improving education in Teso in Uganda. The speakers were. Professor Patrick Ogao, Vice Chancellor, Uganda Technology and Management University (UTAMU); Professor John Charles OKiria, Chairman, Allied Health Professionals’ Council, Uganda; Dr Patrick Igulot, Executive Director, Teso Education Fund; and Dr Ignatius Odongo, Director Business and Investment, Teso Education Fund.

7. Networking, Collaboration and Advocacy / Community Engagement

To promote the charity, TEF volunteers actively engage with other charities, community associations and institutions. In this regard, the Executive Director, Dr Patrick Igulot attended the launch of UK Ugandan Lawyers Association (UULA). The launch took place at Uganda High Commission, London. More about UULA can be found at https://www.uula.co.uk/. The executive director also attended the launch of Uganda Europe UK Association, an umbrella body of Ugandan in the UK and Europe. More about UEUKA can be found at https://ueuka.co.uk/. The executive director and trustees also attended the 62[nd] Independence Anniversary of Uganda which was organised by Uganda High Commission.

8. Recognition of the Impact of TEF

During this reporting, the impact of TEF was recognised with 4 awards at the Uganda diaspora community awards ceremony. The awards were organised by UK-Ugandan Diaspora Community Champions Awards. Dear Dr Patrick, Igulot, it is a great pleasure and joy to announce to you that you and your community have been nominated to receive a Meritus award for your wonderful service to the community through all the engagements and mobilisation towards uniting, educating, and sensitising our people. Please feel free to share news with the community. Read the invitation. The executive director received 3 awards: Outstanding contribution to community mobilisation; Outstanding innovation, technology and education, and Outstanding cultural leadership. TEF founding trustee, Michael OkwalingaEmokol was also recognised for Outstanding cultural leadership.

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9. Financial Review

During the period under review, the income of TEF £32,087 and the expenditure was £27,433 . The income reduced by £15,271 from the previous £47,358.

10. Reserve Policy

TEF is still a new charity has not been able to create any reserves, yet.

11. Principal Funding Sources

TEF relied mainly on donations from its volunteers in the board and management, well-wishers and fundraising events. This took the form of funding specific activities or setting up regular direct debit payments.

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TESO EDUCATION FUND (TEF)

Annual Report and Unaudited Financial Statement

For the Year Ended 31 March 2025

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Independent Examiners Report to the Trustees for the year ending 31st March 2025

I report on the accounts for the year ended 31 March 2025, which are set out on pages 17 to 23

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that

on audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Independent Examiner's Report

Our examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination. no matter has come to my attention:

The Blessing & Contract Ltd

16 Leonard Road

London SW16 5TA

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Statement of Financial Activities for the Year Ended 31 March 2025

Notes
2
2
2
2
2
2
2
2
2
Expenditure on:
TEF Scholarship fund -fees
3
Community Participation
3
Fundraising costs
3
Administrative expenses
3
Accountancy fees
3
Others
3
University Grant: YPED/AYEP Project Training
3
BAME Sports 4 Health Project - Administrative expe 3
Total Expenditure
Net Income/ (Expenditure) and Net
Movementinfunds for the year
_Reconciliation_ofFund:
Balances brought forward
Balances carried forward
10,11
Income from:
TEF Scholarship fund - Donation
Community Participation
Charitable Activities
Fundraising
Cultural Activities
Gift Aid - HMRC
Others Donations
University Grant-YPED/AYEP Project Grant
BAME Sports 4 Health Project Grant
Total Income		 Unrestricted
Funds
Restricted
Funds
Designated
Funds
Total Funds Total Funds
Year Ended
Year Ended
Year Ended
Year Ended
Year Ended
2025
2025
2025
2025
2024
£
£
£
0
0
10,345
10,345
32,778
0
0
630
630
6,330
0
0
0
0
0
0
0
3,033
3,033
2,785
0
0
0
0
0
0
0
2,554
2,554
5,145
262
0
0
262
320
0
6,212
0
6,212
0
0
9,052
0
9,052
0
0
0
11,600
11,600
35,451
0
0
266
266
5,885
0
0
2,145
2,145
1,864
2,517
0
0
2,517
2,921
600
0
0
600
500
0
0
0
0
0
0
6,409
0
6,409
0
0
3,895
0
3,895
0
262
15,264
16,562
32,087
47,358
3,117
10,305
14,011
27,433
46,620
-2,855
4,959
2,551
4,654
738
-2,843
0
3,788
945
207
-5,698
4,959
6,339
5,599
945

All amounts relate to continuing operations. The statement of financial activities includes all gains or losses arising during the year. The notes on pages 17 to 23 form an integral part of these financial statements.

page 17

Balance Sheet as at 31 March 2025

8
Total Assets Less Current Liabilities
TotalNet Assets
Fixed Asset
Tangible Assets
Total Assets
Current Assets
Stock
Debtors
Cash in hand
Cash at Bank
Total Current Assets
Liabilities:
Creditors amounts falling due within one year
Net Current Assets
9
Funds of the Charity:
Unrestricted Income Funds
Restricted Fund
Designated Income Funds
Total funds
10,11
10,11
10,11
Note
4		 £7,827
£7,827
0
0
0
8,427
8,427

600
£7,827
2,041
4,959
828
7,827
Total Funds
2025
£
£

0
0		 500
3,173
3,173
3,173
4,896
0
-1,723
3,173
0
0
0
3,673
3,673
Total Funds
2024
£
£
0
0

Page 18 of 25

Notes to Financial Statements - 31 March 2025

1 Accounting Policies

The principal accounting policies are summarized below. They have been applied consistently throughout the period.

a. Basis of Accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2015) and Charity Act 2011.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless stated in the relevant note (s) to these accounts.

b. Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the organisation.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

c. Income

Income is included in the financial activities when the charity has entitlement to the income, any performance conditions attached to the item (s) of income have been met or are fully with in the control of the charity, there is sufficient certainty that receipts of the income is considered probable and the amount can be measured reliably. The specific policies are applied to particular categories of income:

d. Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure is classified under the following activity headings:

Page 19 of 25

Notes to Financial Statements - 31 March 2025

All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs which relate specifically to a particular activity are allocated directly, others are apportioned between different activities on an appropriate basis e.g. time spent, floor area, per capita.

e. Foreign Exchange

Assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All exchange differences arising are dealt with through the profit and loss account.

f). Tangible Fixed Assets and Depreciation

Depreciation is provided at rates calculated to write off the cost of each asset over its estimated useful life as follows:

Computers 25%.

Equipment 15%

g). Investment Income

Investment Income consists of interest earned on bank deposits.

2 Analysis of Income

Unrestricted
Funds		 Unrestricted
Funds		 Restricted
Funds		 Designated
Funds		 **Total 2025 ** Total 2024
£ £ £ £
TEF Scholarship Fund 0 0 10,345 10,345 32,778
Community Participation 0 0 630 630 6,330
Charitable Activities 0 0 0 0 0
Fundraising 0 0 3,033 3,033 2,785
Cultural Activities 0 0 0 0 0
Gift Aid - HMRC 0 0 2,554 2,554 5,145
Other Donations 262 0 0 262 320
University Grant-YPED/AYEP Project Gra 0 6,212 0 6,212 0
BAME Sports 4 Health Project Grant 0 9,052 0 9,052 0
262 15,264 16,562 32,087 47,358

Page 20 of 25

20

Notes to Financial Statements - 31 March 2025

3 Analysis of Expenditure Unrestricted
Funds		 Restricted
Funds		 Designated
Funds		 Total
Funds		 Total
Funds
2025 2025 2025 2025 2024
ADMININSTRATION COSTS £ £ £ £ £
TEF Scholarship fund - fees 0 0 11,600 11,600 35,451
Community Participation 0 0 266 266 5,885
Fundraising 0 0 2,145 2,145 1,864
Administrative expenses 2,517 0 0 2,517 2,921
Accountancy fees 600 0 0 600 500
TEF Conferences 0 0 0 0 0
University Grant: YPED/AYEP Project Training 0 6,409 0 6,409 0
BAME SPORTS 4 HEALTH PROJECT - ADMIN EXPENSES:
BAME Sports 4 Health Project - Promotion & Public Fliers 0 15 0 15 0
BAME Sports 4 Health Project - Equipment 0 400 0 400 0
BAME Sports 4 Health Project - Refreshment 0 235 0 235 0
BAME Sports 4 Health Project - Staff Costs Project Dev't 0 1,013 0 1,013 0
BAME Sports 4 Health Project - Others and Insurance 0 100 0 100 0
BAME Sports 4 Health Project - Coaches Fees & Expens 0 658 0 658 0
BAME Sports 4 Health Project - Hall Hire 0 1,005 0 1,005 0
BAME Sports 4 Health Project - Voluntary Expenses 0 470 0 470 0
3,117 10,305 14,011 23,538 46,620

4 Tangible assets

Page 21 of 25

Notes to Financial Statements - 31 March 2025

5 Employee costs

Teso Education Fund had no employees (2025: none)

6 Transactions with Trustees and Related Parties

None of the trustees received any remuneration. No trustee expenses have been incurred {2025: nil).

No Trustee or related person related to the organisation had any personal interest in any contract or transaction entered into during the period.

7 Taxation

As a charitable organisation, TEF is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are ap plied to its charitable activities. No tax charges arose during the period.

8 Debtors

Other Debtors and Prepayments
editors: amounts falling due within
Accountancy Fees
Other Creditors and accruals		 one year
2025
£
600
0
600
2025
£
0
0		 2024
£
0
0
2024
£
500
0
500

9 Creditors: amounts falling due within one year

10 Analysis of net assets between funds

Fixed Assets
Net current assets/ liabilities		 Unrestricted
Funds
2025
£
0
2,041
2,041		 Restricted
Funds
2025
£
0
4,959
4,959		 Designated
Funds
2025
£
0
828
828		 Total
Funds
2025
£
0
7,827
7,827

Page 22 of 25

Notes to Financial Statements - 31 March 2025

11
Movement in funds
UNRESTRICTED FUNDS:
TEF Scholarship Fund
Fundraising
Other Donations
Administrative expenses
Accountancy fees
UNRESTRICTED FUNDS:
RESTRICTED FUNDS:
University Grant-YPED/AYEP Project Grant
BAME Sports 4 Health Project Grant
University Grant: YPED/AYEP Project Training
BAME Sports 4 Health Project - Promotion & Public Fliers
BAME Sports 4 Health Project - Equipment
BAME Sports 4 Health Project - Refreshment
BAME Sports 4 Health Project - Staff Costs Project Dev't
BAME Sports 4 Health Project - Others and Insurance
BAME Sports 4 Health Project - Coaches Fees & Expenses
BAME Sports 4 Health Project - Hall Hire
BAME Sports 4 Health Project - Voluntary Expenses
RESTRICTED FUNDS:
DESIGNATED FUNDS
TEF Scholarship Fund
Community Participation
Charitable Activities
Fundraising
Cultural activities
Gift Aid - HMRC
Other donations
Administrative Expenses
DESIGNATED FUNDS		 31-Mar.
2024
£
510
7,079
2,631
-4,524
-800
4,896
0
0
0
0
0
0
0
0
0
0
0
0
-11,484
3,127
-2,928
2,970
205
5,145
5,045
-3,803
-1,723		 0
0
262
0
0
262
Incoming
Resources
£
6,212
9,052
0
0
0
0
0
0
0
0
0
15,264
10,345
630
0
3,033
0
2,554
0
0		 Outgoing
Resources
£
0
0
0
-2,517
-600
-3,117
0
0
-6,409
-15
-400
-235
-1,013
-100
-658
-1,005
-470
-10,305
-11,600
-266
0
-2,145
0
0
0
0
-14,011		 31-Mar.
2025
£
510
7,079
2,893
-7,042
-1,400
2,041
6,212
9,052
-6,409
-15
-400
-235
-1,013
-100
-658
-1,005
-470
4,959
-12,739
3,490
-2,928
3,859
205
7,698
5,045
-3,803
16,562 828

Page 23 of 25

Approved by the board of trustees on 2 4[t][h] J a n u a r y 2 0 2 6 and signed on its behalf by:

…………………………………. Mr Leonard Opolot Oguli Chair, Board of Trustees 24/01/2026

Page 24 of 25