REGISTERED COMPANY NUMBER: CE032602 (England and Wales) REGISTERED CHARITY NUMBER: 1203498
Report of the Trustees and Unaudited Financial Statements for the Period 9 June 2023 to 31 May 2024
for
Lumule Foundation
CKR Chartered Certified Accountants CKR House 70 East Hill Dartford Kent DA1 1RZ
Lumule Foundation
Contents of the Financial Statements for the Period 9 June 2023 to 31 May 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 11 |
Lumule Foundation (Registered number: CE032602)
Report of the Trustees
for the Period 9 June 2023 to 31 May 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 9 June 2023 to 31 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Charitable objects
The prevention or relief of poverty in the UK and Uganda by providing Grants, items & services to individuals in need and or charities or other organisations working to prevent or relieve poverty.
Significant activities
The charity has sourced and provided funding to facilitate the following projects and activities in Uganda.
Provision of buildings furniture & equipment for: a) Lumule Primary School, funding construction of buildings to include Kitchens & a Dining Hall b) Vocational School for Girls
The Primary School & Vocational School for Girls, were both brought into operation during the financial year, along with a separate Pateng Kids project, involving them in Taekwondo & football events & competitions.
As one of our child-focused services, we also used the fund to support malnourished children in Lumule.
Public benefit
The schools & activities & the provision of food are expected to provide a positive benefit to the local area, whilst providing the youngsters with a positive outlook & skills & trades to assist them to contribute to the local economy & community as they progress lifting them out of the circle of problems that has beset the area in recent years.
Social investments
Social investments in respect of the schools & activities should provide multiple benefits to pupils and the community ongoing.
Whilst funding is to be provided to the schools in initial years, investments are also being made in farming & livestock, with a view to the schools becoming self sufficient in terms of food in coming years.
The buildings financed are not owned by the charity, but have been provided to the schools by way of grant funding & the local school trustees/governors will ultimately be expected take on responsibility for the development, maintenance & operation of the schools during year five of operation.
STRATEGIC REPORT
Achievement and performance Fundraising activities
Funding has been generated from a number of sources;
Donations of £51,000 have been made by one of the Trustees Dennis Okwera.
Donations have also been collected via 'Go Fund Me', restricted for food provision £28,285.
Donations were collected via Paypal for £30,621 from the USA which would not be eligible for Gift Aid
A grant of £30,711 was provided by The King of Badoui (via Myriad USA - now Inherent Foundation), as restricted funds towards the building cost of the dining hall.
Page 1
Lumule Foundation (Registered number: CE032602)
Report of the Trustees
for the Period 9 June 2023 to 31 May 2024
STRATEGIC REPORT
Achievement and performance Section 172(1) statement Governance
The Lumule Foundation is governed by a board of trustees. We focus on the principles of good governance and work hard to regularly review and develop strategies for working effectively as a management committee.
Each new Trustee is offered an induction programme that emphasizes their personal and collective responsibility to the mission and objectives of the charity. Ever mindful that Trustees with appropriate business skills and knowledge of the voluntary sector are scarce, we continue to identify gaps in skills and competencies reviewing board training and recruiting new members.
Future plans
Commencing in May 2024, additional donations have been collected in Ireland, with the assistance of the Kyne Foundation, utilising the 'I Donate' fund raising platform.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE032602 (England and Wales)
Registered Charity number
1203498
Registered office
CKR House 70 East Hill Dartford Kent DA1 1RZ
Trustees
D Okwera Model (appointed 9.6.23) F Dumbuya (appointed 9.6.23) S Maidoh (appointed 9.6.23)
Company Secretary
Independent Examiner
Kuldeep Sulh FCCA CKR Chartered Certified Accountants CKR House 70 East Hill Dartford Kent DA1 1RZ
Page 2
Lumule Foundation (Registered number: CE032602)
Report of the Trustees
for the Period 9 June 2023 to 31 May 2024
COMMENCEMENT OF ACTIVITIES
Building activities commenced in September 2023 facilitating in the implementation of schooling & activities asap as buildings and facilities were made available.
In 2023 we used 6 acres of the school land to produce our own beans & maize, with production quantities increasing to 9 acres in 2024.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 31 July 2025 and signed on the board's behalf by:
D Okwera - Trustee
Page 3
Independent Examiner's Report to the Trustees of Lumule Foundation
Independent examiner's report to the trustees of Lumule Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 9 June 2023 to 31 May 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kuldeep Sulh FCCA
The Association of Chartered Certified Accountants
CKR Chartered Certified Accountants
CKR House 70 East Hill Dartford Kent DA1 1RZ
31 July 2025
Page 4
Lumule Foundation
Statement of Financial Activities for the Period 9 June 2023 to 31 May 2024
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 94,873 74,515 Other income 1,396 - Total 96,269 74,515 EXPENDITURE ON Raising funds 2 2,985 - Charitable activities Funding for building works 36,935 30,711 Lumule Primary School 2,953 28,285 Vocational school & gilrs studies 38,827 15,519 Pateng Kids 4,016 - Other 4,895 - Total 90,611 74,515 NET INCOME 5,658 - TOTAL FUNDS CARRIED FORWARD 5,658 - |
Total funds £ 169,388 1,396 170,784 2,985 67,646 31,238 54,346 4,016 4,895 165,126 5,658 5,658 |
|---|---|
The notes form part of these financial statements
Page 5
Lumule Foundation (Registered number: CE032602)
Balance Sheet 31 May 2024
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Intangible assets 5 4,392 - CURRENT ASSETS Debtors 6 13,385 - Cash at bank and in hand 1,029 - 14,414 - CREDITORS Amounts falling due within one year 7 (11,040) - NET CURRENT ASSETS 3,374 - TOTAL ASSETS LESS CURRENT LIABILITIES 7,766 - CREDITORS Amounts falling due after more than one year 8 (2,108) - NET ASSETS 5,658 - FUNDS 10 Unrestricted funds TOTAL FUNDS |
Total funds £ 4,392 13,385 1,029 14,414 (11,040) 3,374 7,766 (2,108) 5,658 5,658 5,658 |
|---|---|
The charitable company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary charitable companies for the period ended 31 May 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
Lumule Foundation (Registered number: CE032602)
Balance Sheet - continued
31 May 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 July 2025 and were signed on its behalf by:
D Okwera - Trustee
The notes form part of these financial statements
Page 7
Lumule Foundation
Notes to the Financial Statements for the Period 9 June 2023 to 31 May 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. RAISING FUNDS
Raising donations and legacies
| Fundraising costs Support costs Investment management costs Depreciation Aggregate amounts |
£ 1,569 318 1,887 £ 1,098 2,985 |
|---|---|
continued...
Page 8
Lumule Foundation
Notes to the Financial Statements - continued
for the Period 9 June 2023 to 31 May 2024
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Computer software amortisation | £ 1,098 |
|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 May 2024.
5. INTANGIBLE FIXED ASSETS
| Computer | ||
|---|---|---|
| software | ||
| £ | ||
| COST | ||
| Additions | 5,490 | |
| AMORTISATION | ||
| Charge for year | 1,098 | |
| NET BOOK VALUE | ||
| At 31 May 2024 | 4,392 | |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| £ | ||
| Other debtors | 635 | |
| Gift Aid tax recoverable | 12,750 | |
| 13,385 | ||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| £ | ||
| Other creditors | 7,140 | |
| Accrued expenses | 3,900 | |
| 11,040 |
continued...
Page 9
Lumule Foundation
Notes to the Financial Statements - continued for the Period 9 June 2023 to 31 May 2024
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£ Other loans (see note 9) 2,108
9. LOANS
An analysis of the maturity of loans is given below:
£ Amounts falling between one and two years: Other loans - 1-2 years 2,108
10. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | ||
| in funds | At 31.5.24 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | 5,658 | 5,658 |
| TOTAL FUNDS | 5,658 | 5,658 |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 96,269 | (90,611) | 5,658 |
| Restricted funds | |||
| To build dining hall | 30,711 | (30,711) | - |
| Vocational school & girls studies | 15,519 | (15,519) | - |
| Food provision | 28,285 | (28,285) | - |
| 74,515 | (74,515) | - | |
| TOTAL FUNDS | 170,784 | (165,126) | 5,658 |
11. CONTINGENT LIABILITIES
An amount of £12,750 is included as income in these accounts representing the Gift aid recoverable on the director's personal donation of £51,000.
Recovery of this amount is dependant upon the charity obtaining registration with the HMRC charity unit in order to be able to make a Gift aid claim thereon.
A number of other UK donors have requested Gift aid forms to cover the donations made since the charity;s registration with the Charity Commission. No gift aid claims on these other donors have been included in these accounts pending collection of the necessary Gift aid declaration forms from the individuals concerned, so the additional amount thereon potentially recoverable as Gift aid has yet to be quantified & remains a contingent asset at this time.
continued...
Page 10
Lumule Foundation
Notes to the Financial Statements - continued for the Period 9 June 2023 to 31 May 2024
12. RELATED PARTY DISCLOSURES
Personal funds of £51,000 advanced by one of the directors Dennis Okwera to 31/5/2024 represented donations to the charity.
Gift aid is to be claimed on the net donation to the value of £12,750 & has been included in these accounts.
Page 11