Charity Number: NIC100589 Charlene's project.org Charlene's Project Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2023 Daly Park & Company Ltd Chartered Accountants 4 Camegie Street Lurgan Co. Annagh BT66 6AS Northern Ireland
Charlene's Project CONTENTS Page Trustees, and Other Information Trustees, Report statement of Trustees, Responsibilities Independent Examiner's Report 10 Statement of Financial Activities Balance Sheet 12 Statement of Cash Flows 13 Notes to the Financial Statements 14-18
Charlene's Project TRUSTEES. AND OTHER INFORMATION Trustees Basil O'malley (Resigned 15 July 2023} Richard Barr Audrey Mccollum Diane Mcclelland David Barr Charity Number in Northern Ireland NIC100589 Principal Address 35 Cottage Road Lurgan Craigavon Co. Armagh BT67 9NB Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Charlene's Project TRUSTEES, REPORT for the financial year ended 31 August 2023 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 August 2023. The financial stalemenls are prepared in accordance with the Charities Act (Northern Ireland) 2008, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chartties preparing their financial statements in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Charlene's Project present a summary of its purpose, governance. activities, achievements and finances for the financial year 31 August 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Charities Act (Northern Ireland) 2008 and. although not obliged to comply with the Statement of Recommended Practice {Charities SORP effective January 2015). the organisation has implemented its recommendations where relevant in these financial statements. structure, governance and management The organisalion is governed by its Trustees. All new Trustees go through an induclion and training process and are appointed as and when required and based on their skills and experience. The Trustees do not retire on an annual basis. The Trustees meet on a regular basis throughout Ihe year to manage and control all aspects of the charity and also conduct regular risk assessments of the various operational risks impacting Ihe charity and its projects al home and abroad. Objectives and Activities Charlene's Project was established in September 2009 by Charlene Barr, a teenager with failing health due lo lerminal cystic fibrosis. When Charlene became loo ill to continue school. she decided to start fundraising to build a school in Uganda. Her enthusiasm, despite her poor health, motivated young and old right across Northern Ireland to support her efforts to build Hidden Treasure School in Mayo District. Kampala, Uganda. Charlene died in October 2010 but not before she achieved her fund-raising target and established Charlene's Project as a Charity. The main objectives of the Charity are the relief of poverty, hardship and distress, and the advancement of education for children in Uganda and beyond. The charity will aim to provide school and educational facilities, accommodation, staff to provide care and education, and financial and ongoing material support. The continuing aims and objectives of the Charity will be to continue to tell Charlene's story and journey to inspire the people in Northern Ireland, Uganda and beyond. The information that follows is a snapshot of the progress and success of the chaiity over the last Iwelve months, which we trust will both encourage and inspire you as you see how Charlene's vision continues to be fulfilled. Review of Activities, Achievements and Perforniance This has been another exciting year to be able to report on and it very much builds upon the work of the last few financial years. The financial year 2021- 2022 saw the beginning of the building of the much-needed secondary school for the children of the 8 neighbouring Kiryandongo primary schools. This 2022- 2023 financial year has seen the completion of Phase 1 ofthe building of Charfene Secondary School, and the beginning offundraising towards Phase 2 of the school. Additionally. worf( has continued on improving the health resour5 in this community thanks to a very supportive church partner. It was extremely exciting towards the end of this financial year for building work to commence on a new matemity ward at Diika Health Centre. Charlene's Projecl continues to serve the local Ugandan community through Charlene Education Foundation, empowering them to take fotward themselves the vision of improving access to and quality of education and health seNices in their communities. Additionally, Ihrough the support of people in Northern Ireland sponsored children have been able to continue their education through Youth Sport Uganda, Destiny Christian High School, and Kahara Primary. None of this would have been possible without the financial and prayerful support of people here, and most importantly without Ihe efforts of the community in Uganda and the Trustees of Charlene Education Foundation {CEF). CHARLENE SECONDARY SCHOOL Phase 1 of the building of Charlene Secondary School was completed in January 2023 ready for the first full intake of pupils at the beginning of the school year in February 2023. Phase l of the Secondary School build inciuded 1
Charlene's Project classroom block, 2 laboratories. teacher accommodation to house 4 teachers, a girl's and a boy's dormitory and shower block. kitchen and dining hall. school latrines, and resources such as lab equipment. laptops and desks. In February 2023 the school accepted students from Senior 1 to Senior 4 and we were overwhelmed with the Upiake of pupil registrations as over 420 children started lo attend Charlene Secondary School. Over the next 3 years we expe numbers accessing secondary education in this community to rise to over 1,000 as the school grows and as more year groups are added. This is transformative in this community, where many parents were unable to access secondary education for their children due to lack of access and reSoUrs. Therefore, we are currently fundraising towards the building of Phase11 to accommodate the growing numbers of pupils. Phase11 will include another classroom block to facilitate the extra year groups, more dormitories to allow for more students to board and more latrines to ensure good health and sanitation through a good ratio of latrines for student numbers. Building work for the secondary school was always planned in phases. The plan was that this would allow the school to begin to function with the second phase of building following soon after as numbers and classes in the school increased. During this financial year building work was completed on Ihe dining hall and laboratories, and il was encouraging lo see the boy's dormitory being built with security fencing being constructed around the domiitories and gatehouse built to ensure student safety while children are at school. Additionally, laboratory equipment, school furniture. and equipment for the kitchen was purchased thanks to the support of a school here in Northem Ireland. A number of schools in Northern Ireland have been extremely supportive allowing the educational work of Charlene's Project in these communities to grow. Additionally, technology within the school Ihrough the purchase of laptops for ICT and inlernet connection set-up in the building of Phase I has allowed videoconferencing beeen pupils in Uganda and pupils in Northern Ireland, an example of effective global learning. This technology has also enabled training for the teachers in Uganda and ongoing training with Pastors via zoom. The end of this financial year saw money being sent out to begin work on another classroom block to allow for increased numbers expected in February 2024 at the start of the next academic year. We anticipate more expenditure on buildings in the next financial year as we complete the work of Phase 2 at Charlene Secondary School. Chain Link fence and Gatehouse Wall around the domiitories Com letion of the Dinin Hall sli Fl I Girls shower rooms s dormilo com leted s Dorm with bunk beds and nets New Laborato ment Usin new kitchen ans for cookin Waitin in line for food at lunch
Charlene's Pro'ect New Laboratory equipment Preparing the land for another classroom block Laptops received lo help teach ICT Ongoing Teacher Training Girls, Football Team at Charlene Seconda Boys Football Team at Charlene Seconda SELF-SUSTAINABILITY AND TEACHER TRAINING Once all the buildings are in pla, the long-lerm vision for Charlene Secondary School is self-sustainability. Charlene Educalion Foundalion and Charlene's Project have been working over the past year to champion Ihe goal of self- sustsinability with the Senior management of the school. Since February 2023 training with the management and teachers at Charlene Secondary School has been ongoing fortnightly via ZOOM covering positive school ethos, pastoral care, and creating an environment for success in and out of the classroom. This has been progressed through the purchase of a conferencing kit and camera that allows for better audio-visual connection during ZOOM meetings and trainings. Additionally, monthly meetings have been occurring beiween Charlene's Project and Charlene Edu¢2tion Foundation Trustees to ensure the self-sustainability and good running of ChaAene Secondary School in these important foundational years. This has included moving the accounling prosseS onto QuickBooks and the training of management and the school's book-keeper on all aspects of school financial management. The Charlene Education Foundation Trustees have had time away on retreat to leam and reflect on ways the running of the school can be improved and ways that the school can generate additional income streams to become more self-sufficient in the future. One example of this was the purchase of seed and fertilizer to planl a maize crop in the school garden to help with feeding the students during their time al school. MASINDI CLUSTER PRIMARY SCHOOLS We continue to be committed to the 8 local primary schools around Charlene Secondary School that we affectionately call the Kiryandongo Cluster. There continues to be so many needs in each of these schools. Being a small organisation. we are unable to meet all of these needs-, however, we hope to do some work in the future helping with teacher training in each of these primary schools and if we can secure funding, do needed work in the schools to help support the teachers and management who are doing an amazing job in very difficult situations. Their role in creating and promoting education in the community cannot be overstated. SPONSORSHIP We are so Ihankfvl for those who sponsor children in Destiny Christian High School. Kahara Primary and Youth Sport Uganda. Some of these children are now moving into employment or tertiary level courses. None of this would have been possible wilhout the help of their sponsors. The long-term vision is that as Charlene Secondary School becomes established in the community, more children will be able to attend there, reducing the need for scholarships that have been used in the past to enable young people to receive a secondary education. DIIKA HEALTH CENTRE The ongoing development at Diika Health Centre is extremely exciting. This health cenlre provides medirAI care to all
Charlene's Project the children in the schools and communities we work with. We have continued to provide medicines and managernenvlogistical support through our Ugandan partner One World Health and it has been so encouraging to see the beginning of the building work of a new maternity ward here thanks to the support of a church partner. This will make a massive difference in the lives of women and their babies in this community. We have been working closely with local government officials and it is hoped with the building of this maternity ward that Diika will be upgraded in due course to a Level111 Heath Centre meaning it will receive more staffing, funding and resources. CONCLUSION Thank you so much to all who have made the work of the past year and the vision of a secondary school and improved healthcare access in Ihis community possible Ihrough their prayers and their financial support. We are so Ihankful to God for all the work that is going on in Uganda and we are grateful to be able to do the small bit that we can as we work alongside our Ugandan partners. Financial Review The Trustees are once again very humbled and thankful for the support Charlene's Project continues to receive and the 2023 year has been no exception.. Income levels have increased by 330/0 to £278,852., Expenditure of £315,936 has been incurred during this current financial year 95/0 of expenditure continues to be spent directly on project costs. with just 50/0 required for administration costs., Deficit of £37,085 as anticipated has been reported for the year. The Trustees are very satisfied with the financial results for the year and aim to continue to build on Charlene's legacy. Reserves Policy The Trustees continue to monitor and update the reserves policy in order to establish the level of reserves that are required to continue to provide support and investment into all the projects for the next e1ve months. Separately designated fijnds have been set up and are detailed in the notes to the Accounts. Results and Dividends At the end of the financial year the company has assets of £203,951 (2022 - £165,710) and liabilities of £75,665 (2022 - £601). The net assets of Ihe Gompany have decreased by £(37,085). Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Charlene's Project subscribes to and is compliant with the following- The Charities SORP (FRS 102) Going Concern The trustees have reviewed the budgets for the year ahead and are satisfied that Ihere are adequate funds in place to ensure that the charity can continue its activities and the current year financial statements have been prepared on a going concem. Public Benefit The Charity has given careful consideration to the Charity Commission ft)r Northern Ireland's guidance on public benefit lo ensure that the actives entered into during the year have helped to achieve the organisalion's objectives and activities, as well as providing public benefit.
Charlene's Project Approve by the ard f Trustees on 16 October 2023 and slgned on 115 behalf by.. Rlchard B•rr Trusteè
Charlene's Project STATEMENT OF TRUSTEES. RESPONSIBILITIES lor the financial year ended 31 Augus12023 The Irijslees are responsib18 for preparing the financial Sialements in accordance with applicable law and regulations. The law applicable lo charilies in Northern Ireland requires the Iruslees lo prepare financial s(alemenis for each rinancial year which give a true and fair view of the assets. liabilities and financial position cli Ihe cornpany as 21 the financial year end dale and ol the surplus or deliGII ol the company and otherwise comply with the ChaTilies Act INortl)ern Irelandl 2008. ln preparing these financial slalemenls. the trustees are required to.. select 5uilablè aecounling policies and apply them ¢onsistenlly', observe the m&thods and principles in the Charities SORP make judgem$nts and estim8ies that are reasonable and prudent., slate whether the financial slalemenls have been prepared in accordance with the relevant financial reporting framework. identify those standards. and notè thè effect and the reasons for any material departure from those slandards-. and prepare the financial slal8rnenls on the going Conrn basis unless 11 Is inapproprizte lo presume that Ilio cornpany will continue in operation. The Iruslees confirm that they have complied with the above reqviremenls in preparing the financial stat6menls. The Iruslees are responsible for keeping adequate accounting rérords Ihal arè sufficient lo show and explain the cornpany's transactions and dis¢iose witn reasonable accuracy al any time the financial posilion of the company and enable them to ensure Ihal the financial slalemenls comply with the Charities Act (Northern Irelandl 2008. Thes, arp also responsible for safeguarding the assets of the company and hence for taking feas•able steps Io,. Ilie prevention and detèction of fraud and other irregularities. ovèd ythe oar of Trustees on 16 Octobor 2023 and signed on its behalf by.. Richard Barr Trustee
Charlene's Project INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF CHARLENE'S PROJECT We have examined the financial statements of the company for the financial year ended 31 Augusl 2023, which comprise the Statement of Financial Activities, the Balance Sheet, Ihe Statement of Cash Flows and the related notes. Respective responsibilities of trustees and examiner The company's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The company's trustees consider that an audit is not required for this financial year under the Charities Act (Northem Ireland) 2008 and thal an independent examination is required. It is our responsibility to= examine the financial statements under section 65 of the Charities Act; follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act,. and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statemenls presented wilh those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect.. accounling records were not kept in accordance with seclion 63 of the Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the 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 (FRS102) there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We have no concerns and have come across no other matlers in conneclion with the examination lo which attention should be drawn in t report in order to enable a proper understanding of the financial statements to be reached. DA ARK & COMPANY LTD Ch red Accountants 4 Carnegie Slreet Lurgan Co. Amiagh BT66 6AS Northern Ireland Date: 16 October 2023 1Q
Charlene's Project STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 August 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Funds 2022 Total 2023 2022 Notes Incoming Resources Voluntary Inme Activities for generating funds Investments 200,321 78,000 278,321 211,702 500 52 211,702 500 52 531 531 Total incoming resources 200,852 78,000 278,852 212,280 212,280 Resources Expended Charitable activities 247,936 68,000 315,936 435,704 435,704 Net incomingloutgoing resources before transfers Gross transfers between funds (47,084} 10,000 137,084) (223,450) (223,450) Net movement in funds forthe financial year {47,084) 10,000 {37,084) (223,450) (223.450) Reconciliation of funds Balances brought fotward at 1 September 2022 14 166,042 166.042 389,492 389,492 Balances carried forward at31 August 2023 118,958 10,000 128,958 166.042 166,042 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 10 14 fonn part of the financial statements 11
Charlene's Project BALANCE SHEET as al 31 August 2023 2023 Fixed A55ets Tangible asselg Notas 2022 672 934 Current Assets Debl(xs Cash al bank and in hand 10 97,942 106,009 65.714 99,994 203,951 165. TOS Credltors". Amount5 falling due within one year Net Current Assets 11 175.6651 16001 128.286 165,108 Net Assets 128,958 166.042 Funds Restmcted trust funds .UnFestricted designaled funds 10,OOD 118,958 166,042 Total funds 14 128.9 166.042 Ap ove y the Boa of Trustees and authorlsed for issue on 16 October 2023 and signed On its behalf by Richard Barr Trustee The no185 on pages 10 to 14 forn part of the financial stslemenls 12
Charlene's Project STATEMENT OF CASH FLOWS for the financial year ended 31 August 2023 2023 2022 Notss Cash flov frorn operating activities Net movement in funds Adjustments for. Depreciation Interest recetvable and similar income {37,085} (223,450) 262 (531) 234 (52) {37,354) (223,268) Movements in working capital.. Movement in deblors Movement in creditors (32,226} 75,065 (24,565) (4) Cash generated from operations 5,485 (247.837) Cash flows from investing activities Interesl received Payments to acquire tangible assets 531 52 (605) Net cash generated from investment activities 531 (553) Net increase in cash and cash equivalents Cash and cash equivalents at 1 September 2022 6,016 99,993 (248,390) 348,384 Cash and cash equivalents at 31 August 2023 15 106,009 99,993 13
Charlene's Project NOTES TO THE FINANCIAL STATEMENTS forthe financial year ended 31 August 2023 GENERAL INFORMATION Charlene's Project is a charity incorporated in Northern Ireland. The registered office of the company is 35 Cottage Road, Lurgan, Craigavon. Co. Armagh, BT679NB, Northern Ireland which is also Ihe principal pla of business of the company The financial statements have been presented in Pound Sterling {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have bèen applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basls of preparation The financial statements have been prepared under the historical cost convention, modified to include certain ilems at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) 'Accounling and Reporting by Charities preparing their accounts in accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, Ihe company has varied the standard fomats in that act for Ihe Statement of Financial Activities and the Balance Sheet. Departures from the slandard formals are to comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it. its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Incorne received in advance of due perfonnance under contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Tangible fixed assets and depreciatlon Tangible fixed assets are staled at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets. less their estimated residual value. over their expected useful lives as follows.. Fixtures, fittings and equipment 150/0 Slraight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from govemment agencies and other co-funders, but not yet received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three monlhs notice of withdrawal. 14
Charlene's Project NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 Taxation and deferred taxation No current or deferred taxation arises as the Gompany has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. Deferred tax is recognised in respect of all timing differences that have originated but not reversed al the balan sheet date where transactions or events have occurred at Ihal date that will result in an obligation to pay more lax in the fijture. or a right to pay less tax in the fulure. Timing differen$ are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated lo apply in the periods in which the timing differences are expected to reverse. based on tsx rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Voluntary Income 200,321 78,000 278,321 211,702 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Other fundraising activities 500 INVESTMENTS Unrestricted Restrictsd Funds Funds 2023 2022 Investment Income 531 531 52 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Cost of charitable activities 295,674 20.262 315.936 435.704 SUPPORT COSTS Charitsble Activities 2023 2022 Support Costs 20,262 20,262 13,741 20,262 20,262 13,741 15
Charlene's Project NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 ANALYSIS OF SUPPORT COSTS 2023 2022 Wages & Salaries Office Overheads 16,227 1,998 1,164 873 9,530 1.150 1,320 1.741 Professional Fees Bank fees & depreciation 20,262 13,741 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingl{crediting): Depreciation of tangible assets Revenue grants reiVed 262 234 (500) INVESTMENT AND OTHER INCOME 2023 2022 COVID-19 Job Retention Scheme Bank interest 500 52 531 531 552 EMPLOYEES AND REMUNERATION The staff costs comprise: 2023 2022 Wages and salaries Pension costs 15,767 460 9,236 294 16,227 9.530 TANGIBLE FIXED ASSETS Fixtures, fittings and equlpment Total Cost At 31 August 2023 1,309 1,309 Depreciation At 1 September 2022 Charge for the financial year 375 262 375 262 At 31 August 2023 637 637 Net book value At 31 August 2023 672 672 At 31 August 2022 934 16
Charlene's Project NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 10. DEBTORS 2023 2022 Prepayments and accrued income 97,942 65,714 11. CREDITORS Amounts falling due within one year 2023 2022 Taxation and social security costs (Note 12) Accruals and deferred income 65 75,600 6C() 75,665 600 12. TAXATION AND SOCIAL SECURITY 2023 2022 Creditors: PAYE I NI 65 13. RESERVES 2023 2022 At 1 September 2022 Deficit for the financial year 166,042 137.0851 389.492 (223,450) At 31 August 2023 128.958 166,042 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 September 2021 Movement during the financial year 389,492 {223,450) 389,492 (223,450) At 31 August 2022 Movement during the financial year 166,042 (47.084) 166,042 {37.084) 10,000 At 31 August 2023 118,958 10,000 128,958 17
Charlene's Project NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 September 2022 Income Expenditure Transfers between funds Balance 31 August 2023 Restricted funds Church Donalions Other Trust Donations 22.000 56,000 -22.000 46,000 10,000 78.000 -68,000 10.000 Unrestricted funds General funds 15,000 200,852 -20,262 -175.590 20,000 Desi nated uns1Cted funds Masinda Cluster Primary Schools Masindi Cluster Secondary Schools Youth Sport & Employment Health Development Sponsorship Emergency Fund Costs Other Uganda Cosls 10,000 121,042 10,000 10.000 -5.000 91,075 3,800 26,345 47,249 4,557 7,564 5.000 45,000 5,000 15,000 22,500 2,500 3,958 -167,117 -8,800 -21.345 -24.749 -2,057 -3,606 Total funds 166,042 278,852 -315,936 128,958 15. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balan$ Cash equivalents 106.009 48.384 51,610 106,009 99,994 18