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||||Page|
|---|---|---|---|
|Report ofthe|Trustees||1 to 6|
|Report ofthe|Independent|Auditors|7tog|
|Consolidated|Statement|ofFinancial
Activities||
|Consolidated|and Charity|Balance Sheet||
|Consolidated|Cash Flow|Statement||
|Notes to the|Consolidated|Cash Flow Statement|13|
|Notes to the|Consolidated|Financial Statements|14to 24|
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total funds|Total funds|
|||||||fund|funds|||
||||||Notes|Z||||
|INCOME AND ENDOWMENTS||||FROM||||||
|Donations
and legacies||||||883,416||883,416|508,236|
|Charitable
activities||||||||||
|Luwero project||||||749||749|336|
|Jinja project||||||10||10|229|
|Buikwe District Fisheries Community||||||||||
|Development
Program|(BDFCDP)|||||43,452||43,452|42,939|
|Uganda
Sanitation
Health||Activity|||||102,473|102,473|41,558|
|Investment
income||||||159||159|313|
|Other income||||||9,422||9,422|7,678|
|Total||||||937,208|102,473|1,039,681|601,834|
|EXPENDITURE ON||||||||||
|Raising funds||||||24,967||24,967|18,215|
|Charitable
activities||||||||||
|Luwero project||||||235,352||235,352|123,976|
|Jinja project||||||221,584||221,584|211,795|
|Bugembe
UN Habitat project||||||33,164||33,164|32,718|
|Operations
and Maintenance|||(Luuka)|||103,478||103,478|103,092|
|Kaliro|||||||||1,016|
|Uganda
Sanitation
Health||Activity||||33,780|108,802|142,582|61,738|
|Buyende||||||188,768||188,768||
|Total||||||841,093|108,802|949,895|552,550|
|NET INCOME/(EXPENDITURE)||||||96,115|(6,329)|89,786|49,284|
|RECONCILIATION
OF|FUNDS|||||||||
|Total funds brought forward||||||108,674|22,959|131,633|82,349|
|TOTAL FUNDS CARRIED FORWARD||||||204,789|16,630|221,419|131,633|
##
|||Group|||Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
||Notes|F|E|F||
|FIXEDASSETS||||||
|Tangible assets|14|40,722|14,693|19,656||
|Programme
related investments|15|23,761|25,424|||
|CURRENT ASSETS||||||
|Stocks||10,192|12,513|||
|Debtors: amounts
falling due within one year|17|11,863|30,601|||
|Cash at bank||219,004|103,151|171,086|100,717|
|||241,059|146,265|171,086|100,717|
|CREDITORS||||||
|Amounts
falling due within one year|18|(84,123)|(54,749)|(20,290)|(4,390)|
|NET CURRENT ASSETS||156,936|91,516|150,796|96,327|
|TOTAL ASSETSLESSCURRENT LIABILITIES||221,419|131,633|170,452|96,327|
|NET ASSETS||221,419|131,633|170,452|96,327|
|FUNDS
19||||||
|Unrestricted
funds||204,789|108,674|170,452|96,327|
|Restricted funds||16,630|22,959|||
|TOTAL FUNDS||221,419|131,633|170,452|96,327|
##
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|||
|Cash flows from operating|||activities:||||||
|Cash generated|from|operations|||||154,856|64,382|
|Net cash provided
by (used in) operating|||||||||
|activities|||||||154,856|64,382|
|Cash flows from investing|||activities:||||||
|Purchase oftangible||fixed assets|||||(39,162)|(4,721)|
|Interest received|||||||159|313|
|Net cash provided
by (used in) investing|||||||||
|activities|||||||~39,003)|~4,408)|
|Change
in cash|and|cash|equivalents|in the|||||
|reporting
period|||||||115,853|59,974|
|Cash and cash|equivalents||atthe beginning||of||||
|the reporting
period|||||||103,151|43,177|
|Cash and cash|equivalents||at the end|ofthe|||||
|reporting
period|||||||219,004|103,151|
##
||RECONCILIATION|OF|NET
INCOME/(EXPENDITURE)|NET
INCOME/(EXPENDITURE)|NET
INCOME/(EXPENDITURE)|TO|NET|CASH|FLOW
FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|---|---|
||ACTIYITIES||||||||||
||||||||||2021|2020|
||Net income/(expenditure)
offinancial activities)||for the reporting||period (as per|the|statement||89,786|49,284|
||Adjustments
for:||||||||||
||Depreciation
charges||||||||11,924|3,392|
||Interest received||||||||(159)|(313)|
||Exchange movement|on social investment|||||||1,663|(907)|
||Exchange movement|on fixed||assets|||||1,209|(492)|
||(increase)/decrease
Decrease
in debtors|in stocks|||||||2,321
18,738|(4,991)
9,994|
||Increase
in creditors||||||||29,374|8,415|
||Net cash provided|by (used||in) operating|activities||||154,856|64,382|
|2.|ANALYSIS OF CHANGES||IN|NET FUNDS|||||||
||||||||At|1/4/20|Cash flow|At 31/3/21|
||Net cash||||||||||
||Cash at bank||||||103,151||115,853|219,004|
||Total||||||103,151||115.853|219,004|
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|DONATIO|NS
AND L|EGACIES|||
|---|---|---|---|---|
||||2021|2020|
|||||F|
|Donations|and grants|received - UK|849,757|507,656|
|Donations|received —Uganda||447|580|
|Donations|in kind —Uganda||6,837||
|Local funding
partner||CAMEO-AID - Uganda|26,375||
||||883,416|508,236|
##
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##
|Raising|donations
and legacies|||
|---|---|---|---|
|||2021|2020|
||||F|
|Trustee's|remuneration|24,967|18,215|
|||24,967|18,215|
##
##
|||||||Direct costs|Support costs|Totals|
|---|---|---|---|---|---|---|---|---|
||||||||(See note 8)||
|Luwero|project|||||222,611|12,741|235,352|
|Jinja project||||||214,364|7,220|221,584|
|Bugembe||UN Habitat project||||31,466|1,698|33,164|
|Operations||and Maintenance|||(Luuka)|97,957|5,521|103,478|
|Uganda|Sanitation||Health|Activity||137,061|5,521|142,582|
|Buyende||||||1?9,002|9,766|188,768|
|||||||882,461|42.467|924,928|
##
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##
|||||||Governance||
|---|---|---|---|---|---|---|---|
|||||Staff costs|Other costs|costs|Totals|
||||||F|F|F|
|Luwero|project|||9,314|971|2,456|12,741|
|Jinja project||||5,278|550|1,392|7,220|
|Bugembe
UN Habitat project||||1,242|129|327|1,698|
|Operations
and Maintenance|||(Luuka)|4,036|421|1,064|5,521|
|Uganda|Sanitation
Health Activity|||4,036|421|1,064|5,521|
|Buyende||||7,139|743|1,884|9,766|
|||||31,045|3,235|8,187|42,467|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)||is stated after||charging/(crediting):||||
|||||||2021|2020|
||||||||F|
|Depreciation - owned assets:|||Uganda|||11,924|3,392|
|Auditors'|remuneration|- UK||||4,200|4,200|
|Auditors'|remuneration|- Uganda||||3.887|6,224|
##
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##
|STAFF COST|S|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021
f|2020|
|Wages and salaries - UK||||||||54,084|44,841|
|Wages and salaries - Uganda||||||||241,973|188,010|
|Social Security|costs - UK|||||||1,039|778|
|Social Security|costs - Uganda|||||||15,465|14,435|
|Pension costs|- UK|||||||889|798|
|||||||||313,450|248,862|
|No employees|received emoluments|||in excess of||f60,000.||||
|The average
monthly
number of|||employees||during|the year was as follows:||||
|||||||||2021|2020|
|UK||||||||2|2|
|Uganda||||||||56|48|
|The total key management||personnel||remuneration||benefits during the year was||f24,S67(2020 - 818,215).||
|COMPARATIVES
FOR THE STATEMENT|||||OF FINANCIAL ACTIVITIES —31 MARCH 2020|||||
|||||||Unrestricted||Restricted|Total|
|||||||fund||funds|funds|
|||||||||F||
|INCOME AND|ENDOWMENTS||FROM|||||||
|Donations
and|legacies|||||508,236|||508,236|
|Charitable
activities||||||||||
|Luwero project|||||||336||336|
|Jinja project|||||||229||229|
|Buikwe District|Fisheries Community|||Development||42,939|||42,939|
|Program
(BDFCDP)||||||||||
|Uganda
Sanitation
Health||Activity||||||41,558|41,558|
|Investment
income|||||||313||313|
|Other income||||||7,678|||7,678|
|Total||||||560,276||41,558|601,834|
##
|12.|COMPARATIVES FOR THE|STATEMENT OF FINANCIAL|STATEMENT OF FINANCIAL|ACTIVITIES —continued|ACTIVITIES —continued|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Total|
|||||fund
f||funds|funds
f|
||EXPENDITURE ON|||||||
||Raising funds|||18,215|||18,215|
||Charitable
activities|||||||
||Luwero project|||123,976|||123,976|
||Jinja project|||211,795|||211,795|
||Bugembe
UN Habitat project|||32,718|||32,718|
||Operations
and Maintenance|(Luuka)||103,092|||103,092|
||Kaliro|||1,016|||1,016|
||Uganda
Sanitation
Health
Activity|||27,703||34,035|61,738|
||Total|||518,515||34,035|552,550|
||NET INCOME/(EXPENDITURE)|||41,761||7,523|49,284|
||RECONCILIATION
OF FUNDS|||||||
||Total funds brought
forward|||66,913||15,436|82,349|
||TOTAL FUNDS CARRIED FORWARD|||108,674||22,959|131,633|
|13.|RESULTS OF PARENT CHARITABLE||COMPANY|||||
||The total income ofthe parent|charitable|company was f850,124and net surplus||was|f74,125.||
|14.|TANGIBLE FIXEDASSETS —Group|||||||
|TANGIBLE FIXEDASSET|S —Group|||||
|---|---|---|---|---|---|
||Tools,|||||
||equipment
&|Office furniture||Computer||
||machinery|8 equipment
f.|Motor vehicles|equipment
f|Totals
f|
|COST||||||
|At 1 April 2020|29,405|12,711|50,251|10,827|103,194|
|Additions
Exchange differences|3,486
~436)|386
~180)|33,992
~467)|1,298
~126)|39,162
~1,209)|
|At 31 March 2021|32,455|12,917|83,776|11,999|141,147|
|DEPRECIATION||||||
|At 1 April 2020|23,794|9,932|45,658|9,117|88,501|
|Charge for year|1,359|434|9,259|872|11,924|
|At 31 March 2021|25,153|10,366|54,917|9,989|100,425|
|NET BOOK VALUE||||||
|At 31 March 2021|7,302|2,551|28,859|2,010|40,722|
|At 31 March 2020|5,611|2,779|4,593|1,710|14,693|
##
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##
##
|SOCIAL INVESTMENTS -Group|||
|---|---|---|
||Programme||
||related|Totals|
||investments||
|MARKET VALUE|||
|At 1 April 2020|25,424|25,424|
|Exchange differences|~1,663)|~1,663)|
|At 31 March 2021|23,761|23,761|
|NET BOOK VALUE|||
|At 31 March 2021|23,761|23,761|
|At 31 March 2020|25,424|25,424|
##
|STOCK|S -Group|||
|---|---|---|---|
|||2021|2020|
|||f||
|Finished|goods|10,192|12,513|
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||F|F|F|F|
|Other debtors||||11,863|30,601|||
|||||11,863|30,601|||
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR —Group and charity|||||
|||||Group|Group|Charity|Charity|
|||||2021
f|2020|2021
f|2020
f|
|Trade creditors||||40,072|23,700|||
|Microfinance|Revolving|fund||23,761|25,424|||
|Accruals and|deferred|income||8,590|4,390|8,590|4,390|
|Other creditors||||11,700|1,235|11,700||
|||||84,123|54,749|20,290|4,390|
##
##
|19.|MOVEMENT||IN FUNDS|IN FUNDS|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Net movement||
|||||||||||At 1/4/20|in funds|At 31/3/21|
||||||||||||E||
||Unrestricted||funds||||||||||
||General fund|||||||||108,674|96,115|204,789|
||Restricted funds||||||||||||
||Kaliro project
Uganda
Sanitation|||Health||Activity||||15,436
7.523|~6,329)|15,436
1,194|
|||||||||||22,959|(6,329)|16,630|
||TOTAL FUNDS|||||||||131,633|89,786|221,419|
||Net movement||in funds,||Included|||in|the above|are as follows:|||
|||||||||||Incoming|Resources|Movement
in|
|||||||||||resources|expended|funds|
||||||||||||E|E|
||Unrestricted||funds||||||||||
||General fund|||||||||937,208|(841,093)|96,115|
||Restricted funds||||||||||||
||Uganda
Sanitation|||Health||Activity||||102,473|(108,802)|(6,329)|
||TOTAL FUNDS|||||||||1,039,681|)949,895)|89,786|
||Comparatives||for|movement|||in|funds|||||
||||||||||||Net movement||
|||||||||||At1/4/19|in funds|At 31/3/20|
||||||||||||F||
||Unrestricted||Funds||||||||||
||General fund|||||||||66,913|41,761|108,674|
||Restricted Funds||||||||||||
||Kaliro project|||||||||15,436||15,436|
||Uganda
Sanitation|||Health||Activity|||||7,523|7,523|
||TOTAL FUNDS|||||||||82,349|49,284|131,633|
||Comparative|net movement||||in|funds,||included|in the above are as follows:|||
|||||||||||Incoming|Resources|Movement
in|
|||||||||||resources|expended|funds|
||Unrestricted||funds||||||||||
||General fund|||||||||560,276|(518,515)|41,761|
||Restricted funds||||||||||||
||Uganda
Sanitation|||Health||Activity||||41,558|(34,035)|7,523|
||TOTAL FUNDS|||||||||601,834|~552,550)|49,284|
##
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##
|ANALY|SIS OF GROUP NET ASSETS BETWEE|N FUNDS|||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||F|F|F|
|Fund balances at 31 March 2021 are|||||
|represented
by:|||||
|Tangible|fixed assets|33,046|7,676|40,722|
|Programme
related investments||23,761||23,761|
|Current|assets|223,093|17,966|241,059|
|Current|liabilities|~75,111)|~9.012)|~94,123)|
|||204,789|16,630|221,419|
##
|A summary
ofthe results ofthe subsidiary
(before consolidation
ad|justments)
is shown
below:||
|---|---|---|
||2021|2020|
||P|F|
|Income
Expenditure|930,311
~936,552)|412,415
~429,663)|
|Surplus/(Deficit)|~241)|~17.248)|
|The aggregate ofthe assets, liabilities and funds was:|||
||2021|2020|
||F|f|
|Assets
Liabilities|98,898
~63,833)|85,665
~59.359)|
|Funds|35,065|35,306|