2023-03-31-accounts - The Busoga Trust

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			Page
Report ofthe	Trustees		1to6
Report ofthe	Independent	Auditors	7to 9
Consolidated	Statement	of Financial Activities	10
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

							2023	2022
					Unrestricted	Restricted	Total funds	Total funds
					fund	funds
				Notes	f
INCOME AND ENDOWMENTS			FROM
Donations and legacies					1,013,881		1,013,881	900,107
Charitable activities
Luwero project					927		927	811
Jinja project
Uganda Sanitation Health	Activity					44,087	44,087	90,548
Investment income					1,357		1,361	204
Other income					4,889		4,889	4,812
Total					1,021,054	44,091	1,065,145	996,482
EXPENDITURE ON
Raising funds					25,000		25,000	25,558
Charitable activities
Luwero project					377,567		377,567	280,805
Jinja project					249,994		249,994	212,924
Bugembe UN Habitat project								25,981
Operations and Maintenance		(Luuka)			184,900		184,900	155,691
Uganda Sanitation Health	Activity				16,939	42,478	59,417	135,578
Buyende								259,938
Other project areas					176,915		176,915
Total					1,031,315	42,478	1,073,793	1,096,475
NET INCOME/(EXPENDITURE)					(10,261)	1,613	(8,648)	(99,993)
TRANSFER BETWEEN FUNDS					15,436	(15,436)
RECONCILIATION OF FUNDS
Total funds brought forward					105,990	15,436	121,426	221,419
TOTAL FUNDS CARRIED	FORWARD				111,165	1,613	112,778	121,426

			Group			Charity
		Notes	2023 F	2022 f	2023 f	2022
FIXEDASSETS
Tangible assets		14	48,545	61,648	28,814	38,419
Programme related investments		15	25,653	25,489
CURRENT ASSETS
Stocks			12,898	8,898
Debtors: amounts	falling due within one year	17	24,991	17,630
Cash at bank			142,120	119,178	82,565	48,596
			180,009	145,706	82,565	48,596
CREDITORS
Amounts falling due within one year		18	(141,429)	(111,417)	(21,688)	(20,189)
NET CURRENT ASSETS			38,580	34,289	60,877	28,407
TOTAL ASSETS	LESSCURRENT LIABILITIES		112,778	121,426	89,691	66,826
NET ASSETS			112,778	121,426	89,691	66,826
FUNDS		19
Unrestricted funds			111,165	105,990	89,691	66,826
Restricted funds			1,613	15,436
TOTAL FUNDS			112,778	121,426	89,691	66,826

					2023	2022
				Notes		f
Cash flows from operating	activities:
Cash generated from operations					27,584	~65,406)
Net cash provided by (used in) operating
activities					27,584	~65,406)
Cash flows from investing	activities:
Purchase oftangible fixed assets					(6,003)	(34,624)
Interest received					1,361	204
Net cash provided by (used in) investing
activities					~4,642)	~34,420)
Change in cash and cash	equivalents	in the
reporting period					22,942	(99,826)
Cash and cash equivalents	at the beginning		of
the reporting period					119,178	219,004
Cash and cash equivalents	at the end	ofthe
reporting period					142,120	119,178

1.	RECONCILIATION	OF	NET	INCOME/(EXPENDITURE)	TO	NET	CASH	FLOW FROM	OPERATING
	ACTIVITIES
								2023	2022
								E	F
	Net income/(expenditure)		for the reporting	period (as per	the	statement		(8,648)	(99,993)
	offinancial activities)
	Adjustments for:
	Depreciation charges							15,681	15,243
	Interest received							(1,361)	(204)
	Loss on disposal of	fixed assets						6,552
	Exchange movement	on social investment						(164)	(1,728)
	Exchange movement	on fixed assets						(3,127)	(1,545)
	(Increase)/decrease	in stocks						(4,000)	1,294
	(Increase)/decrease	in debtors						(7,361)	(5,767)
	Increase in creditors							30,012	27,294
	Net cash provided	by (used in) operating		activities				27,584	~65,406)
2.	ANALYSIS OF CHANGES		IN NET FUNDS
						At	1/4/22	Cash flow	At 31/3/23
							F	E	F
	Net cash
	Cash at bank					119,178		22,942	142,120
	Total					119,178		22,942	142,120

DONATIONS	AND L	EGACIES
								2023	2022
									F
Donations and	grants	received	- UK				995,793		872,526
Donations received —Uganda								5,649	1,101
Local funding	partners	- Uganda	(See note below)				12,439		26,480
							1,013,881		900,107
INVESTMENT	INCOME
								2023	2022
								E	F
Deposit account interest								1,361	204
INCOME FROM CHARITABLE			ACTIVITIES
								2023	2022
			Activity					F	F
Sale ofspares	& pumps		Luwero	project				927	811
Grant income			Uganda	Sanitation	Health	Activity (USAID)	44,087		90,548
							45,014		91,359
Local funding partners		in Uganda	include:
							2023		2022
							E		F
Africa Moslem	Agency						8,685
Hajat Haehira							3,754
CAMEO-AID									10,168
Nankandulo Child Development			Centre						4,750
Let the Children	Ministry								3,628
Walubo Jude									3,373
Nelia Children	Ministry								4,561
							12,439		26,480

Raising	donations and	legacies
Trustee's	remuneration

							Direct costs	Support costs	Totals
								(See note 8)
							F	F	F
Luwero	project						349,256	28,311	377,567
Jinja project							236,140	13,854	249,994
Operations		and Maintenance			(Luuka)		171,046	13,854	184,900
Uganda	Sanitation		Health	Activity			55,200	4,217	59,417
Other project areas							176,915		176,915
							988,557	60,236	1,048,793
SUPPORT		COSTS
								Governance
						Staff costs	Other costs	costs	Totals
							f.	f
Luwero	project					15,337	9,126	3,848	28,311
Jinja project						7,505	4,466	1,883	13,854
Operations		and Maintenance			(Luuka)	7,505	4,466	1,883	13,854
Uganda	Sanitation		Health	Activity		2,285	1,359	573	4,217
						32,632	19,417	8,187	60,236

Net income/(expenditure	) is stated after charging/(crediting):
		2023	2022
Depreciation -owned	assets: Uganda	6,076	6,286
Depreciation —owned	assets: UK	9,605	8,957
Auditors' remuneration	- UK	4,200	4,200
Auditors' remuneration	- Uganda	3,987	3,987

STAFF COSTS
				2023	2022
				F	F
Wages and salaries - UK				57,100	56,875
Wages and salaries - Uganda				303,744	273,554
Social Security costs	- UK			532	1,307
Social Security costs	- Uganda			17,077	19,214
Pension costs - UK					225
				378,453	351,175
No employees received emoluments		in excess off60,000.
The average monthly	number ofemployees		during the year was as follows:
				2023	2022
UK				2	2
Uganda				55	60

					Unrestricted	Restricted	Total
					fund	funds	funds
					E	F
INCOME	AND ENDOWMENTS			FROM
Donations	and legacies				900,107		900,107
Charitable	activities
Luwero project					811		811
Uganda Sanitation		Health	Activity			90,548	90,548
Investment	income				204		204
Other income					4,812		4,812
Total					905,934	90,548	996,482

									Unrestricted	Restricted	Total
									fund	funds	funds
									F	F	F
EXPENDITURE ON
Raising funds									25,558		25,558
Charitable activities
Luwero project									280,805		280,805
Jinja project									212,924		212,924
Bugembe UN Habitat		project							25,981		25,981
Operations and Maintenance				(Luuka)					155,691		155,691
Uganda Sanitation	Health		Activity						43,836	91,742	135,578
Buyende									259,938		259,938
Total									1,004,733	91,742	1,096,475
NET INCOME/(EXPENDITURE)									(98,799)	(1,194)	(99,993)
RECONCILIATION	OF FUNDS
Total funds brought		forward							204,789	16,630	221,419
TOTAL FUNDS CARRIED			FORWARD						105,990	15,436	121,426
RESULTS OF PARENT CHARITABLE					COMPANY
The total income of	the parent			charitable	company		was F997,009and net surplus			was f22,866.
TANGIBLE FIXED	ASSETS —Group
				Tools,
				equipment &		Office furniture				Computer
				machinery			8 equipment		Motor vehicles	equipment	Totals
							F		F	F
COST
At 1 April 2022				33,567			13,220		117,480	13,049	177,316
Additions					1,382			153	3,091	1,377	6,003
Disposals Exchange differences				(3,798) 1,316				33	(2,754) 1,781	~3)	(6,552) 3,127
At 31 March 2023				32,467			13,406		119,598	14,423	179,894
DEPRECIATION
At 1 April 2022				26,389			10,785		67,602	10,892	115,668
Charge for year					968			417	13,183	1,113	15,681
At 31 March 2023				27,357			11,202		80,785	12,005	131,349
NET BOOK VALUE
At 31 March 2023					5,110		2,204		38,813	2,418	48,545
At 31 March 2022					7,178		2,435		49,878	2,157	61,648

SOCIAL INVESTMENTS - Group
	Programme
	related	Totals
	investments
MARKET VALUE
At 1 April 2022	25,489	25,489
Exchange differences	164	164
At 31 March 2023	25,653	25,653
NET BOOK VALUE
At 31 March 2023	25,653	25,653
At 31 March 2022	25,489	25,489

2023	2022
F	F
12,898	8,898

		Group	Group	Charity	Charity
		2023 F	2022 F	2023 f	2022
Other	debtors	24,991	17,630
		24,991	17,630

			Group	Group	Charity	Charity
			2023	2022	2023	2022
			F	Z	F
Trade creditors			84,246	59,683
Microfinance	Revolving	fund	25,653	25,489
Accruals and	deferred	income	8,188	8,489	8,188	8,489
Other creditors			23,342	17,756	13,500	11,700
			141,429	111,417	21,688	20,189

MOVEMENT		IN FUNDS	IN FUNDS
										Net movement	Transfer
									At 1/4/22	in funds	between funds	At 31/3/23
											F	E
Unrestricted		funds
General fund									105,990	(10,261)	15,436	111,165
Restricted funds
Kaliro project									15,436		(15,436)
Uganda Sanitation			Health		Activity					1,613		1,613
									15,436	1,613		1,613
									121,428	8,648		112,778
Net movement		in funds,		included			in	the above	are as follows:
										Incoming	Resources	Movement in
										resources	expended f	funds F
Unrestricted		funds
General fund										1,021,054	(1,031,315)	(10,261)
Restricted funds
Uganda Sanitation			Health		Activity					44,091	(42,478)	1,613
TOTAL FUNDS										1,065,145	(1,073,793)	~8,648)
Comparatives		for	movement			in	funds
											Net movement
										At 1/4/21	in funds	At 31/3/22
										F	F	P
Unrestricted		Funds
General fund										204,789	(98,799)	105,990
Restricted Funds
Kaliro project										15,436		15,436
Uganda Sanitation			Health		Activity					1,194	(1,194)
TOTAL FUNDS										221,419	~99,993)	121,426
Comparative	net movement				in	funds,		included	in the above are	as follows:
										Incoming	Resources	Movement in
										resources	expended	funds
										F		P
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

ANALY	SIS OF GROUP NET ASSETS BETWEE	N FUNDS
		Unrestricted	Restricted
		funds	funds	Total
			F
Fund balances at 31 March 2023 are
represented by:
Tangible	fixed assets	48,545		48,545
Programme related investments		25,653		25,653
Current	assets	178,396	1,613	180,009
Current	liabilities	~141,429)		~141,429)
		111,165	1,613	112,778

A summary of	the results ofthe subsid	iary (before consolidation a	djustments) is shown below:
			2023	2022
Income Expenditure			939,793 ~929,856)	949,139 ~960.476)
Surplus/(Deficit)			9,937	~11,337)
The aggregate	ofthe assets, liabilities	and funds was:
			2023	2022
				f
Assets Liabilities			149,230 ~119,741)	114,956 ~91,228)
Funds			29,489	23,728