Share Uganda Trustee Report 2022-2023
22 September 2023*
Overview
Share Uganda projects continue to make a difference to the lives of people in Kabira, Uganda. Our Ugandan team of healthcare professionals and community leaders work on a daily basis to improve health outcomes and provide quality care to individuals presenting at the Hampton Health Centre.
This year has been financially challenging (as further discussed in the financial report), however decisions have been taken to ensure the long-term sustainability of our projects. Despite financial challenges, we have been able to develop new projects, such as Project Sanyu, and have ensured that the core elements of our work – supporting Ugandan medical staff to provide accessible and high quality services to the community of Kabira – are delivered in a sustainable manner.
The Trustees of Share Uganda UK express our ongoing thanks and appreciation to all our donors for enabling the delivery of these projects.
Financial Report
This report covers the financial period March 2022-2023.
This financial period was challenging for the organisation. The long-term impacts of COVID-19 and cost-of-living crises continue to impact on both our ability to fundraise effectively, while global inflation has seen some costs spiral, particularly concerning costs of medication. The income for this financial year was £10,376.95, while expenditure totaled £29,685.90. This equates to a deficit of £19,308.95.
The Trustees have sought to address this problem, and throughout a series of meetings in the winter of 2022 between Trustees, and fully involving partners in Kabira, a expenditure cap on core costs of £15,000 per year was established (to be made in two payments, first payment January 2023). This will create challenges for full service delivery in Kabira, however Trustees felt this was the only option to ensure sustainability of core services. Share Uganda Kaaso has been fully involved in these discussions, and is taking direct ownership for a review of spending in Kabira, to ensure resources are used as efficiently as possible.
Our Accounts are presented within this report, along with proof of transactions and breakdown of expenditure. Our bank balance at 2022-2023 year opening was £46,883.00, and bank balance at year closing was £27,383.51. Discrepancies in ‘Amount deposited’ and ‘Amount Withdrawn’ on the list of Transactions
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relates to reversed bank transactions, for example ‘Cash reversal 20/09/23’ for purposes of correct labeling. Minor discrepancies may also relate to currency conversions and rounding.
Our Reserves remain at £15,000.
Since the end of the 2022-2023 financial year, our financial positions has stabilized as a result of the decisions taken across the organisation. In this financial year (2023-2024), to date, income is £9,370.08, while expenditure has fallen to £8,483.50 (19 Sep 2023). Our balance at 19 September 2023 is £28,270.09.
Share Uganda Trustees
- amendment to report based on updates provided by Trustees during the AGM, circulated to Trustees 17 January 2024.
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