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2023-03-31-accounts
|
|
Page |
|
| Report of the Trustees |
1 |
to |
5 |
| Independent Examiner's Report |
|
6 |
|
| Statement of Financial Activities |
|
7 |
|
| Balance Sheet |
8 |
to |
9 |
| Notes to the Financial Statements |
10 |
to |
16 |
| Detailed Statement of Financial Activities |
17 |
to |
18 |
|
|
|
|
|
31/3/23 |
31/3/22 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| INCOME AND |
|
|
|
|
|
|
| ENDOWMENTS FROM |
|
|
|
|
|
|
| Donations and legacies |
|
5,299 |
|
|
5,299 |
47,191 |
| Investment income |
3 |
45,919 |
|
|
45,919 |
40,951 |
| Total |
|
51,218 |
|
|
51,218 |
88,142 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
|
| Social work activities |
|
39,427 |
|
|
39,427 |
33,090 |
| Costs in furtherance o f charity's |
|
|
|
|
|
|
| object's |
|
9,033 |
|
|
9,033 |
5,619 |
| Other |
|
(8,351) |
|
|
(8,351) |
15,494 |
| Total |
|
40,109 |
|
|
40,109 |
54,203 |
| NET INCOME |
|
11,109 |
|
|
11,109 |
33,939 |
| Transfers between funds |
12 |
|
1,400 |
(1,400) |
|
|
| Net movement in funds |
|
11,109 |
1,400 |
(1,400) |
11,109 |
33,939 |
| RECONCILIATION OF |
|
|
|
|
|
|
| FUNDS |
|
|
|
|
|
|
| Total funds brought forward |
|
175,355 |
10,242 |
109,351 |
294,948 |
261,009 |
| TOTAL FUNDS CARRIED |
|
|
|
|
|
|
| FORWARD |
|
186,464 |
11,642 |
107,951 |
306,057 |
294,948 |
|
|
|
|
|
31/3/23 |
31/3/22 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible assets |
8 |
76,377 |
|
|
76,377 |
76,378 |
| Investments |
9 |
71 |
|
|
71 |
70 |
|
|
76,448 |
|
|
76,448 |
76,448 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors |
10 |
2,020 |
|
− |
2,020 |
1,927 |
| Cash at bank |
|
119,477 |
11,642 |
107,951 |
239,070 |
225,970 |
|
|
121,497 |
11,642 |
107,951 |
241,090 |
227,897 |
| CREDITORS |
|
|
|
|
|
|
| Amounts falling due within one |
|
|
|
|
|
|
| year |
11 |
(11,481) |
|
|
(11,481) |
(9,397) |
| NET CURRENT ASSETS |
|
110,016 |
11,642 |
107,951 |
229,609 |
218,500 |
| TOTAL ASSETS LESS |
|
|
|
|
|
|
| CURRENT LIABILITIES |
|
186,464 |
11,642 |
107,951 |
306,057 |
294,948 |
| NET ASSETS |
|
186,464 |
11,642 |
107,951 |
306,057 |
294,948 |
| FUNDS |
12 |
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
186,464 |
175,355 |
| Restricted funds |
|
|
|
|
11,642 |
10,242 |
| Endowment funds |
|
|
|
|
107,951 |
109,351 |
| TOTAL FUNDS |
|
|
|
|
306,057 |
294,948 |
|
The Income and Expenditure Account stated in Uganda shillings is translated into P
rate as follows:− |
ound Sterling |
at an aver |
|
|
31/3/22 |
31/3/22 |
|
|
Ushs. |
Ushs. |
|
1 Pound Sterling |
4,680 |
4,742 |
|
The year end exchange rates used to convert all Statement o f Financial Position items are as follows:− |
|
|
|
|
31/3/22 |
31/3/22 |
|
|
Ushs. |
Ushs. |
|
1 Pound Sterling |
4,680 |
4,742 |
| 3. |
INVESTMENT INCOME |
|
|
|
|
31/3/23 |
31/3/22 |
|
Rents received |
42,884 |
35,946 |
|
Deposit account interest |
3,035 |
5,005 |
|
|
45,919 |
40,951 |
| 4. |
NET INCOME/(EXPENDITURE) |
|
|
|
31/3/23 |
31/3/22 |
| Auditors' remuneration |
342 |
342 |
| Depreciation −owned assets |
1,009 |
1,025 |
| Other operating leases |
1,959 |
|
| 7. |
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ** |
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ** |
ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
fund |
fund |
funds |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Donations and legacies |
47,191 |
|
|
47,191 |
|
Investment income |
40,951 |
|
|
40,951 |
|
Total |
88,142 |
|
|
88,142 |
|
EXPENDITURE ON |
|
|
|
|
|
Charitable activities |
|
|
|
|
|
Social work activities |
33,090 |
|
|
33,090 |
|
Costs in furtherance of charity's object's |
5,619 |
|
|
5,619 |
|
Other |
15,494 |
|
|
15,494 |
|
Total |
54,203 |
|
|
54,203 |
|
NET INCOME |
33,939 |
|
|
33,939 |
|
Transfers between funds |
|
7,833 |
(7,833) |
|
|
Net movement in funds |
33,939 |
7,833 |
(7,833) |
33,939 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
|
|
|
|
|
As previously reported |
167,079 |
2,409 |
117,184 |
286,672 |
|
Prior year adjustment |
(25,663) |
|
|
(25,663) |
|
As restated |
141,416 |
2,409 |
117,184 |
261,009 |
|
TOTAL FUNDS CARRIED FORWARD |
175,355 |
10,242 |
109,351 |
294,948 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
Fixtures |
|
|
Freehold |
Long |
and |
|
|
property |
leasehold |
fittings |
Totals |
| COST |
|
|
|
|
| At 1st April 2022 |
49,026 |
71,191 |
333 |
120,550 |
| Exchange differences |
418 |
589 |
3 |
1,010 |
| At 31st March 2023 |
49,444 |
71,780 |
336 |
121,560 |
| DEPRECIATION |
|
|
|
|
| At 1st April 2022 |
17,445 |
26,625 |
102 |
44,172 |
| Charge for year |
506 |
480 |
23 |
1,009 |
| Exchange differences |
1 |
I |
− |
2 |
| At 31st March 2023 |
17,952 |
27,106 |
125 |
45,183 |
| NET BOOK VALUE |
|
|
|
|
| At 31st March 2023 |
31,492 |
44,674 |
211 |
76,377 |
| At 31st March 2022 |
31,581 |
44,566 |
231 |
76,378 |
| FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
| MARKET VALUE |
|
| At 1st April 2022 |
70 |
| Exchange differences |
1 |
| At 31st March 2023 |
71 |
| NET BOOK VALUE |
|
| At 31st March 2023 |
71 |
| At 31st March 2022 |
70 |
| 10. |
DEBTORS: AMOUNTS FALLING D |
UE WITHIN ONE YE |
AR |
|
|
|
|
|
|
31/3/23 |
31/3/22 |
|
Trade debtors |
|
|
1,357 |
1,273 |
|
Tax |
|
|
663 |
654 |
|
|
|
|
2,020 |
1,927 |
| I I . |
**CREDITORS: AMOUNTS FALLING ** |
**DUE WITHIN ONE ** |
YEAR |
|
|
|
|
|
|
31/3/23 |
31/3/22 |
|
Trade creditors |
|
|
10,027 |
8,004 |
|
Accrued expenses |
|
|
1,454 |
1,393 |
|
|
|
|
11,481 |
9,397 |
| 12. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
|
At 1/4/22 |
in funds |
funds |
31/3/23 |
|
|
£ |
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
175,355 |
11,109 |
|
186,464 |
|
Restricted funds |
|
|
|
|
|
Revaluation reserve fund |
10,242 |
|
1,400 |
11,642 |
|
Endowment funds |
|
|
|
|
|
Endowment Fund |
|
|
|
|
|
|
109,351 |
|
(1,400) |
107,951 |
|
TOTAL FUNDS |
294,948 |
11,109 |
|
306,057 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
|
resources |
expended |
in funds |
|
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
General fund |
|
51,218 |
(40,109) |
11,109 |
|
TOTAL FUNDS |
|
51,218 |
(40,109) |
11,109 |
|
|
Prior |
Net |
Transfers |
|
|
|
year |
movement |
between |
At |
|
At 1/4/21 |
adjustment |
in funds |
funds |
31/3/22 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
167,079 |
(25,663) |
33,939 |
|
175,355 |
| Restricted funds |
|
|
|
|
|
| Revaluation reserve fund |
2,409 |
|
|
7,833 |
10,242 |
| Endowment funds |
|
|
|
|
|
| Endowment Fund |
|
|
|
|
|
|
117,184 |
|
|
(7,833) |
109,351 |
| TOTAL FUNDS |
286,672 |
(25,663) |
33,939 |
|
294,948 |
| Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
|
resources |
expended |
in funds |
|
|
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
|
|
88,142 |
(54,203) |
33,939 |
| TOTAL FUNDS |
|
|
88,142 |
(54,203) |
33,939 |
|
|
Prior |
Net |
Transfers |
|
|
|
year |
movement |
between |
At |
|
At 1/4/21 |
adjustment |
in funds |
funds |
31/3/23 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
167,079 |
(25,663) |
45,048 |
|
186,464 |
| Restricted funds |
|
|
|
|
|
| Revaluation reserve fund |
2,409 |
|
|
9,233 |
11,642 |
| Endowment funds |
|
|
|
|
|
| Endowment Fund |
|
|
|
|
|
|
117,184 |
|
|
(9,233) |
107,951 |
| TOTAL FUNDS |
286,672 |
(25,663) |
45,048 |
|
306,057 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
139,360 |
(94,312) |
45,048 |
| TOTAL FUNDS |
139,360 |
(94,312) |
45,048 |
|
31/3/23 |
31/3/22 |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Donations |
5,299 |
47,191 |
| Investment income |
|
|
| Rents received |
42,884 |
35,946 |
| Deposit account interest |
3,035 |
5,005 |
|
45,919 |
40,951 |
| Total incoming resources |
51,218 |
88,142 |
| EXPENDITURE |
|
|
| Charitable activities |
|
|
| Wages |
3,077 |
1,529 |
| Rates and water |
745 |
2,673 |
| Postage and stationery |
54 |
|
| Education costs |
23,768 |
6,239 |
| Social welfare costs |
1,976 |
18,549 |
| Medical costs |
9,807 |
4,100 |
|
39,427 |
33,090 |
| Other |
|
|
| Rent & rates |
1,959 |
|
| Repairs, maintenance and administration |
2,325 |
2,615 |
| Exchange differences |
(14,230) |
11,854 |
| Taxation |
585 |
|
| Freehold property |
507 |
520 |
| Long leasehold |
480 |
479 |
| Fixtures and fittings |
23 |
26 |
|
(8,351) |
15,494 |
| Support costs |
|
|
| Finance |
|
|
| Bank charges |
207 |
92 |
| Other |
|
|
| Administration costs |
3,652 |
2,842 |
| Governance costs |
|
|
| Auditors' remuneration |
342 |
342 |
| Carried forward |
342 |
342 |
|
31/3/23 |
31/3/22 |
| Governance costs |
|
|
| Broughtforward |
342 |
342 |
| Accountancy and professional fees |
4,832 |
2,343 |
|
5,174 |
2,685 |
| Total resources expended |
40,109 |
54,203 |
| Net income |
11,109 |
33,939 |