2022-03-31-accounts - The Busoga Trust

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			Page
Report ofthe	Trustees		1 to 6
Report ofthe	Independent	Auditors	Ttog
Consolidated	Statement	of Financial Activities
Consolidated	and Charity	Balance Sheet
Consolidated	Cash Flow	Statement	12
Notes to the	Consolidated	Cash Flow Statement	13
Notes to the	Consolidated	Financial Statements	14to 24

								2022	2021
						Unrestricted	Restricted	Total funds	Total funds
					Notes	fund f	funds
INCOME AND ENDOWMENTS				FROM
Donations and legacies						900,107		900,107	883,416
Charitable activities
Luwero project						811		811	749
Jinja project									10
Buikwe District Fisheries		Community
Development Program	(BDFCDP)								43,452
Uganda Sanitation Health		Activity					90,548	90,548	102,473
Investment income						204		204	159
Other income						4,812		4,812	9,422
Total						905,934	90,548	996,482	1,039,681
EXPENDITURE ON
Raising funds						25,558		25,558	24,967
Charitable activities
Luwero project						280,805		280,805	235,352
Jinja project						212,924		212,924	221,584
Bugembe UN Habitat project						25,981		25,981	33,164
Operations and Maintenance			(Luuka)			155,691		155,691	103,478
Uganda Sanitation Health		Activity				43,836	91,742	135,578	142,582
Buyende						259,938		259,938	188,768
Total						1,004,733	91,742	1,096,475	949,895
NET INCOME/(EXPENDITURE)						(98,799)	(1,194)	(99,993)	89,786
RECONCILIATION OF	FUNDS
Total funds brought forward						204,789	16,630	221,419	131,633
TOTAL FUNDS CARRIED FORWARD						105,990	15,436	121,426	221,419

			Group			Charity
			2022	2021	2022	2021
		Notes		F
FIXEDASSETS
Tangible assets		14	61,648	40,722	38,419	19,656
Programme related investments		15	25,489	23,761
CURRENT ASSETS
Stocks			8,898	10,192
Debtors: amounts	falling due within one year	17	17,630	11,863
Cash at bank			119,178	219,004	48,596	171,086
			145,706	241,059	48,596	171,086
CREDITORS
Amounts falling due within one year		18	(111,417)	(84,123)	(20,189)	(20,290)
NET CURRENT ASSETS			34,289	156,936	28,407	150,796
TOTAL ASSETS	LESSCURRENT LIABILITIES		121,426	221,419	66,826	170,452
NET ASSETS			121,426	221,419	66,826	170,452
FUNDS	19
Unrestricted funds			105,990	204,789	66,826	170,452
Restricted funds			15,436	16,630
TOTAL FUNDS			121,426	221,419	66,826	170,452

							2022	2021
						Notes	F	F
Cash flows from operating			activities:
Cash generated	from	operations					~65,406)	154,856
Net cash provided by (used in) operating
activities							~65,406)	154,856
Cash flows from investing			activities:
Purchase oftangible		fixed assets					(34,624)	(39,162)
Interest received							204	159
Net cash provided by (used in) investing
activities							~34,420)	~39,003)
Change in cash	and	cash	equivalents	in the
reporting period							(99,826)	115,853
Cash and cash	equivalents		at the beginning		of
the reporting period							219,004	103,151
Cash and cash	equivalents		at the end	ofthe
reporting period							119,178	219,004

	RECONCILIATION	OF	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	TO	NET	CASH	FLOW FROM	OPERATING
	ACTIVITIES
									2022	2021
									f
	Net income/(expenditure)		for the reporting		period (as per	the	statement
	offinancial activities)								(99,993)	89,786
	Adjustments for:
	Depreciation charges								15,243	11,924
	Interest received								(204)	(159)
	Exchange movement	on social		investment					(1,728)	1,663
	Exchange movement	on fixed assets							(1,545)	1,209
	(Increase)/decrease	in stocks							1,294	2,321
	(Increase)/decrease	in debtors							(5,767)	18,738
	Increase in creditors								27,294	29,374
	Net cash provided	by (used in) operating			activities				~66.406)	154,856
2.	ANALYSIS OF CHANGES		IN	NET FUNDS
							At	1/4/21	Cash flow	At 31/3/22
								F		f
	Net cash
	Cash at bank						219,004		(99,826)	119,178
	Total						219,004		~99,826)	119.178

DONATIO	NS AND L	EGACIES
			2022 f	2021 f
Donations	and grants	received - UK	872,526	849,757
Donations	received —Uganda		1,101	447
Donations	in kind —Uganda			6,837
Local funding partners		- Uganda (See note below)	26,480	26,3?5
			900,107	883,416

INVESTMENT INCOME
							2022		2021
							F		F
Deposit account interest								204	159
INCOME FROM CHARITABLE	ACTIVITIES
							2022		2021
	Activity						F		F
Sale ofspares & pumps	Luwero	project						811	749
Sale ofspares 8 pumps	Jinja project								10
Local contract income	Buikwe	District Fisheries				Community			43,452
	Development		Program		(BDFCDP)
Grant income	Uganda	Sanitation		Health		Activity (USAID)	90,548		102,473
							91,359		146,684

				2022	2021
				F	f
CAMEO-AID				10,168	26,375
Nankandulo	Child Development		Centre	4,750
Let the Children		Ministry		3,628
Walubo Jude				3,373
Nelia Children		Ministry		4,561
				26,480	26,375

Raising d	onations	and l	eg	acies
						2022 f	2021 f
Trustee's	remuneration					25,558	24,967
						25,558	24,967
CHARITABLE ACTIVITIES				COSTS
					Direct costs	Support costs	Totals
					f	(See note 8)	f
Luwero project					268,257	12,548	280,805
Jinja project					206,650	6,274	212,924
Bugembe	UN Habitat project				24,637	1,344	25,981
Operations	and Maintenance			(Luuka)	148,521	7,170	155,691
Uganda Sanitation		Health	Activity		129,752	5,826	135,578
Buyende					248,287	11,651	259,938
					1,026,104	44,813	1,070,917

SUPPORT COSTS
				Governance
		Staff costs	Other costs	costs f	Totals f
Luwero project		9,198	1,058	2,292	12,548
Jinja project		4,599	529	1,146	6,274
Bugembe UN Habitat project		985	113	246	1,344
Operations and Maintenance	(Luuka)	5,256	604	1,310	7,170
Uganda Sanitation Health Activity		4,270	492	1,064	5,826
Buyende		8,541	981	2,129	11,651
		32,849	3,777	8,187	44,813
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after		charging/(crediting):
				2022 f	2021 f
Depreciation -owned assets:	Uganda			6,286	6,080
Depreciation —owned assets:	UK			8,957	5,844
Auditors' remuneration - UK				4,200	4,200
Auditors' remuneration - Uganda				3,987	3,987

				Unrestricted	Restricted	Total
				fund F	funds f	funds F
INCOME AND ENDOWMENTS		FROM
Donations and legacies				883,416		883,416
Charitable activities
Luwero project				749		749
Jinja project				10		10
Buikwe District Fisheries	Community		Development	43,452		43,452
Program (BDFCDP)
Uganda Sanitation Health	Activity				102,473	102,473
Investment income				159		159
Other income				9,422		9,422
Total				937,208	102,473	1,039,681

COMPARATIVES FOR THE	COMPARATIVES FOR THE	COMPARATIVES FOR THE	STATEMENT OF FINANCIAL ACTIVITIES —continued	STATEMENT OF FINANCIAL ACTIVITIES —continued
				Unrestricted	Restricted	Total
				fund	funds	funds
					F
EXPENDITURE ON
Raising funds				24,967		24,967
Charitable activities
Luwero project				235,352		235,352
Jinja project				221,584		221,584
Bugembe UN Habitat	project			33,164		33,164
Operations and Maintenance			(Luuka)	103,478		103,478
Uganda Sanitation Health		Activity		33,780	108,802	142,582
Buyende				188,768		188,768
Total				841,093	108,802	949,895
NET INCOME/(EXPENDITURE)				96,115	(6,329)	89,786
RECONCILIATION OF FUNDS
Total funds brought	forward			108,674	22,959	131,633
TOTAL FUNDS CARRIED		FORWARD		204,789	16,630	221,419

TANGIBLE FIXEDASSET	S —Group
	Tools,
	equipment &	Office furniture		Computer
	machinery F	8 equipment f	Motor vehides	equipment f.	Totals
COST
At 1 April 2021	32,455	12,917	83,776	11,999	141,147
Additions Exchange differences	443 669	304 ~1)	32,930 774	947 103	34,624 1,545
At 31 March 2022	33,567	13,220	117,480	13,049	177,316
DEPRECIATION
At 1 April 2021	25,153	10,366	54,917	9,989	100,425
Charge for year	~1236	419	12,685	903	15,243
At 31 March 2022	26,389	10,785	67,602	10,892	115,668
NET BOOK VALUE
At 31 March 2022	7,178	2,435	49,878	2,157	61,648
At 31 March 2021	7,302	2,551	28,859	2,010	40,722

SOCIAL INVESTMENTS - Group
	Programme
	related	Totals
	investments
MARKET VALUE
At 1 April 2021	23,761	23,761
Exchange differences	1,728	1,728
At 31 March 2022	25,489	25,489
NET BOOK VALUE
At 31 March 2022	25,489	25,489
At 31 March 2021	23,761	23,761

STOCK	S - Group
		2022	2021
			f
Finished	goods	8,898	10,192

		Group	Group	Charity	Charity
		2022	2021	2022	2021
		F	E		E
Other	debtors	17,630	11,863
		17,630	11,863

			Group	Group	Charity	Charity
			2022	2021	2022	2021
				F	F
Trade creditors			59,683	40,072
Microfinance	Revolving	fund	25,489	23,761
Accruals and	deferred	income	8,489	8,590	8,489	8,590
Other creditors			17,756	11,700	11,700	11,700
			111,417	84,123	20,189	20,290

MOVEMENT	IN FU	NDS
									Net movement
								At 1/4/21	in funds f	At 31/3/22 f
Unrestricted	funds
General fund								204,789	(98,799)	105,990
Restricted funds
Kaliro project Uganda Sanitation		Health		Activity				15,436 1,194	~1.194)	15,436
								16,630	(1,194)	15,436
TOTAL FUNDS								221,419	~99,993)	121.426
Net movement	in funds,		included			in	the above	are as follows:
								Incoming	Resources	Movement in
								resources	expended f	funds F
Unrestricted	funds
General fund								905,934	(1,004,733)	(98,799)
Restricted funds
Uganda Sanitation		Health		Activity				90,548	(91,742)	(1,194)
TOTAL FUNDS								996,482	1,096,475	~99,993)
Comparatives	for	movement			in	funds
									Net movement
								At 1/4/20	in funds	At 31/3/21
									F	F
Unrestricted	Funds
General fund								108,674	96,115	204,789
Restricted Funds
Kaliro project								15,436		15,436
Uganda Sanitation		Health		Activity				7,523	(6,329)	1,194
TOTAL FUNDS								131,633	89,786	221,419
Comparative	net movement			in	funds,		included	in the above are as follows:
								Incoming	Resources	Movement in
								resources	expended	funds f
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

A summary ofthe results ofthe subsid	iary (before consolidation a	djustments) is shown below:
		2022	2021
		f	E
Income Expenditure		949,139 ~960,476)	930,311 ~930,552)
Surplus/(Deficit)		~11,337)	~241)
The aggregate ofthe assets, liabilities	and funds was:
		2022	2021
		F	E
Assets Liabilities		114,956 ~91,228)	98,898 ~63,833)
Funds		23,728	35,065