WATOTO CHILD CARE MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. GENERAL
The Organisation was registered in April 2007 and its principal activity is managing activities of Watoto Child Care Ministries Uganda Office. The Organisation is a non profit making entity registered under the Non Governmental Organisation’s Registration Statute, 1989. The address of its registered office is:
Watoto Church Building P. O. Box 2311 Kampala
2 APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM SIZED ENTITES (IFRS for SMEs)
The 2012 2014 review cycle
In conformity with its stated intent to review the IFRS for SMEs on a three years basis, the IASB commenced its first review in 2012. The vast majority of the changes concern clarifications to the current text and, hence, will not constitute changes to the way entities account for certain transactions and events.
In the current year, the company has applied all of the new and revised sections and interpretations issued by the International Accounting Standards Board (the “IASB”) and the International Financial Reporting Interpretations Committee (“IFRIC”) of the IASB that are relevant to its operations and effective for accounting years beginning on 1 January 2017. The adoption of the new and revised Standards and Interpretations has not resulted in changes to the company’s accounting policies and has no material effect on the amounts reported for the current, prior or future years.
The Directors anticipate that these IFRS will be applied on their effective dates in future years. The Directors have not yet had an opportunity to consider the potential impact of the adoption on these amendments.
New revisions to the IFRS for SMEs in issue but are not yet effective
The Company has not applied the following new and revised sections to the IFRS for SMEs that have been issued but are not yet effective:
Definition of an SME Clarification with regard to public accountability and clarification with regard to the use of the IFRS for SMEs in the parent's separate financial statements added
Concepts and pervasive principles Added guidance on the 'undue cost and effort' exemption
Statement of financial position
Statement of comprehensive income and income statement
Requirement to present investment property measured at cost less accumulated depreciation and impairment separately on the face of the statement of financial position added and relief from requirement to disclose certain comparative information provided
Clarification with regard to the single amount presented for discontinued operations added and alignment with changes made to IAS 1 on reclassifications
17
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
2 APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM SIZED ENTITES (IFRS for SMEs) (CONTINUED)
Statement of changes in equity and statement of income and retained earnings
Consolidated and separate financial statements
Alignment with changes made to IAS 1 on OCI components
Clarifications on consolidation, guidance on dealing with different reporting dates, clarifications on disposal of subsidiaries, option to account for investments in subsidiaries, associates and jointly controlled entities in separate financial statements using the equity method, and amended definition of 'combined financial statements' added
Basic financial instruments
Several clarifications and 'undue cost and effort' exemption regarding the requirement to measure investments in equity instruments at FV added
Other financial instruments issues Clarifications on the scope of this section and clarifications regarding hedge accounting added
Property, plant and equipment
Alignment with changes made to IAS 16 on classification of spare parts, stand by and servicing equipment, exemption regarding the use of cost of the replacement, and option to use the revaluation model for property, plant and equipment added
Intangible assets other than goodwill Modified requirement that useful life of intangible assets should not exceed 10 years when entities are unable to reliably estimate the useful life
Business combinations and goodwill
Leases
Liabilities and equity
Share based payment
Impairment of assets
Employee benefits
Income taxes
Several minor amendments constituting clarifications, added guidance, and addition of an undue cost or effort exemption regarding the requirement to recognize intangible assets separately in a business combination
Clarifications added as to what arrangements (do not) constitute a lease
Some guidance, exemptions as well as alignment with full IFRSs regarding IFRIC 19 and IAS 32 added
Several clarifications added and scope aligned with IFRS 2
Clarification regarding applicability to assets from construction contracts
Clarification added and disclosure requirements on accounting policy for termination benefits removed
Alignment of key principles with IAS 12 as regards recognition and measurement of deferred tax and 'undue cost and effort' exemption regarding requirement to offset income tax assets and liabilities added
WATOTO CHILD CARE
MINISTRIES
18
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
2 APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SMALL AND MEDIUM SIZED ENTITES (IFRS for SMEs) (CONTINUED)
Foreign currency translation Scope clarified
Related party disclosures
Specialized activities
Transition to the IFRS for SMEs
Definition of 'related party' aligned with IAS 24
Certain disclosure relief for biological assets added and the main recognition and measurement requirements for exploration and evaluation assets aligned with IFRS 6
Several changes to IFRS 1 incorporated and wording simplified
Glossary Some definitions amended and five new terms added
Entities reporting using the IFRS for SMEs are required to apply the amendments for annual years beginning on or after 1 January 2017.
3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on a going concern basis and in compliance with the International Financial Reporting Standard for Small and Medium Sized Entities (IFRS for SMEs) issued by the International Accounting Standards Board (IASB) and the requirements of the Companies Act of Uganda, 2012. The measurement basis applied is the historical cost basis, except where otherwise stated in the accounting policies below. The financial statements are presented in Uganda Shillings (Shs) rounded to the nearest thousand.
For Uganda Companies Act reporting purposes, the balance sheet is represented by the statement of financial position and the profit and loss account by the statement of comprehensive income in these financial statements.
(b) Revenue recognition
The Organisation recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the Organisation and when specific criteria have been met for each of the Organisation’s activities as described below. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The Organisation bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.
Revenue is recognised as follows:
i) Sales of goods are recognised in the period in which the Organisation delivers products to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured;
ii) Sales of services are recognised in the period in which the services are rendered, by reference to completion of the specific transaction assessed on the basis of the actual service provided as a percentage of the total services to be provided; and
iii) Interest income is recognised on a time proportion basis using the effective interest rate method.
iv) Donations income is recognised when received, based on the remittance advise that is received from the respective country office (partners).
WATOTO CHILD CARE
MINISTRIES
19
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(c) Functional currency and translation of foreign currencies
(a) Functional and presentation currency
Items included in the financial statements are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The financial statements are presented in Uganda Shillings which is the Organisation’s functional currency.
(b) Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.
(d) Income tax
Watoto Child Care Ministries was previously a project of Kampala Pentecostal Church Limited which is tax exempt under the Income Tax Act, as it is a religious Organisation. The Organisation applied for a tax exemption status from the Uganda Revenue Authority and received this exemption effective 1 January 2015. This has since expired and the Organisation is in the process of renewing the exemption certificate.
Current income tax is the amount of income tax payable on the taxable profit for the year determined in accordance with the Uganda Income Tax Act.
Deferred income tax is recognised, using the liability method, on all temporary differences arising between the tax bases of assets and liabilities and their carrying values for financial reporting purposes. However, the deferred income tax is not accounted for if it arises from the initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit nor loss. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted at the statement of financial position date and are expected to apply when the related deferred income tax liability is settled.
Deferred income tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised.
(e) Unquoted investments
Investments are stated at cost less any impairment.
(g) Leases
Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the statement of comprehensive income on a straight line basis over the period of the lease.
WATOTO CHILD CARE MINISTRIES
20
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(h) Property and equipment
All categories of property and equipment are initially recorded at cost and subsequently at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items.
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Organisation and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the statement of comprehensive income during the financial period in which they are incurred.
Freehold land is not depreciated. Depreciation on other assets is calculated using the straight line method to write down the cost to the residual value over their estimated useful life, as follows:
Buildings 4%
Motor vehicles and motorcycles 25%
Equipment 20%
Furniture, fixtures and fittings 20%
Computers 33.3%
Leasehold land Over 39 years
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each statement of financial position date.
Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount.
The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash generating units).
Gains and losses on disposal of property and equipment are determined by reference to their carrying amounts and are considered in determining the surplus for the year.
(i) Accounts receivable
Receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method. A provision for impairment of receivables is established when there is objective evidence that the Organisation will not be able to collect all the amounts due according to the original terms of receivables. The amount of the provision is the difference between the carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised in the statement of comprehensive income.
WATOTO CHILD CARE MINISTRIES
21
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(j) Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non current liabilities.
Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method.
(k) Retirement benefit obligations
National Social Security Fund
The Organisation operates a defined contribution retirement benefit scheme for its employees. The Organisation and all its employees also contribute to the National Social Security Fund, which is a defined contribution scheme. A defined contribution plan is a retirement benefit plan under which the Organisation pays fixed contributions into a separate entity. The Organisation has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Provident fund
The Organisation operates a defined contribution provident fund for all qualifying employees. The Organisation's obligations under the scheme are currently limited to 1% of the respective employee's gross emoluments. The Organisation's contributions are charged to the income statement in the year in which they fall due. The assets of the fund are held separately from those of the Organisation and are under the control of the fund's trustees.
(l) Cash and cash equivalents
For the purposes of the cash flow statement, cash and cash equivalents comprise cash in hand and in operating bank accounts.
(m) Comparatives
Where necessary, comparative figures have been adjusted to conform to the changes in presentation in the current year.
(n) Financial assets
(i) Classification
All financial assets of the Organisation are classified as loans and receivables, based on the purpose for which the financial assets were acquired.
WATOTO CHILD CARE MINISTRIES
22
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(n) Financial assets (Continued)
(i) Classification (Continued)
Loans and receivables are non derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for maturities greater than 12 months after the end of the reporting period. These are classified as non current assets. The Organisation’s loans and receivables comprise ‘non current receivables and prepayments’, ‘trade and other receivables’ and ‘cash and cash equivalents’ in the statement of financial position.
(ii) Recognition and measurement
Regular purchases and sales of financial assets are recognised at fair value on the trade date the date on which the Organisation commits to purchase or sell the asset. Loans and receivables are subsequently carried at amortised cost using the effective interest rate method.
(iii) Offsetting financial instruments
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.
(iv) Impairment
The Organisation assesses at the end of each reporting period whether there is objective evidence that a financial asset or group of financial assets is impaired. A financial asset or a group of financial assets is impaired and impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset (a ‘loss event’) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated.
Evidence of impairment may include indications that the debtors or a group of debtors is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganisation, and where observable data indicate that there is a measurable decrease in the estimated future cash flows, such as changes in arrears or economic conditions that correlate with defaults.
For loans and receivables category, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced and the amount of the loss is recognised in profit or loss. If a loan has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
WATOTO CHILD CARE MINISTRIES
23
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(n) Financial assets (Continued)
(iv) Impairment (Continued)
If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised (such as an improvement in the debtor’s credit rating), the reversal of the previously recognised impairment loss is recognised in profit or loss.
(o)
Deferred Income
Income received in advance is deferred at the reporting date. It is recognized in the income and expenditure statement when it falls due.
4 CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including experience of future events that are believed to be reasonable under the circumstances.
The Organisation makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
Property and equipment
Critical estimates are made by the directors in determining depreciation rates for property and equipment. The rates used are set out in note 2 above.
Receivables
Critical estimates are made by the directors in determining the recoverable amount of impaired receivables.
The Organisation’s activities expose it to a variety of financial risks: foreign exchange risk, credit risk and liquidity risk. The Organisation’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on its financial performance, but the Organisation does not hedge any risks
Financial risk management is carried out by the finance department under policies approved by the Board of Directors.
Market risk foreign exchange risk
The Organisation’s operations are predominantly in Uganda shillings. There is limited exposure to foreign exchange risk.
Credit risk
Credit risk is managed by the finance department, with oversight from the board of directors. Credit risk arises from cash at bank, fixed deposits, treasury bills and related party receivables. The Organisation does not have any significant concentrations of credit risk.
WATOTO CHILD CARE MINISTRIES
24
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
5 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
Credit risk (Continued)
The amount that best represents the Organisation’s maximum exposure to credit risk at 31 December 2021 is made up as follows:
Group WCCM 2021 2020 2021 2020 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000
Cash at bank 9,314,009 10,743,427 8,890,488 10,743,427 Receivables 579,038 2,891,015 579,038 2,891,015 Investments at amortised cost 30,338,232 25,120,052 30,338,232 25,120,052
Amounts due from related parties 4,549,503 9,006,730 4,549,503 9,006,730 44,780,782 47,761,224 44,357,261 47,761,224
No collateral is held for any of the above assets. All receivables are neither past due nor impaired and no receivables have had their terms renegotiated.
Liquidity risk
Prudent liquidity risk management includes maintaining sufficient cash balances. Due to the nature of the underlying businesses, funding is mainly derived from committed donor partners.
Management monitors rolling forecasts of the Organisation’s liquidity reserve on the basis of expected cash flow.
The table below analyses the Organisation’s financial liabilities that will be settled on a net basis into relevant maturity groupings based on the remaining period at the statement of financial position date to the contractual maturity date. The amounts disclosed in the table below are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances, as the impact of discounting is not significant.
WATOTO CHILD CARE MINISTRIES
25
NOTES
TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
5 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Continued)
Liquidity risk (Continued)
Less than 1 year Between 1 and 2 years Between 2 and 5 years Over 5 years Shs’000 Shs’000 Shs’000 Shs’000
At 31 December 2021: Payables and accrued expenses 8,753,264
At 31 December 2020: Payables and accrued expenses 9,606,326
Financial instruments by category Group WCCM 2021 2020 Shs’000 Shs’000
Financial assets loans and receivables Cash at bank 9,314,009 10,743,427 8,890,488 10,743,427 Receivables 579,038 2,891,015 579,038 2,891,015 Investments at amortised cost 30,338,232 25,120,052 30,338,232 25,120,052
Amounts due from related parties 4,549,503 9,006,730 4,549,503 9,006,730 44,780,782 47,761,224 44,357,261 47,761,224
Financial liabilities liabilities at amortised cost
Payables and accrued expenses 8,287,064 9,142,040 8,349,662 9,142,040
Capital risk management
The Organisation’s objectives when managing capital are to safeguard the Organisation’s ability to continue as a going concern in order to provide support to needy children and to maintain an optimal capital structure to reduce the cost of capital.
Notes
Group WCCM
6(a) INCOME
2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Donations 51,244,415 56,212,907 51,213,883 56,212,907
Visit Watoto 451,509 1,099,996 451,509 1,099,996
Watoto Merchandise 85 65,497 85 65,497 Sales to Watoto Church 11,860 2,547 11,860 2,547
Agriculture sales 589,189 190,830 589,189 190,830
Neighbourhood Sales 143,230 922,453 143,230 922,453
Other Income 442,552 1,386,769 424,851 1,386,769 52,882,840 59,880,999 52,834,607 59,880,999
WATOTO CHILD CARE MINISTRIES
26
NOTES
TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
6(b) NET FINANCE INCOME
Group WCCM 2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Interest and other income 3,310,337 1,978,668 3,310,336 1,978,668 Foreign exchange losses (512,165) (1,056,221) (514,581) (1,056,221)
Net Finance Income 2,798,172 922,447 2,795,755 922,447
7. OPERATING SURPLUS/ (DEFICIT)
The operating deficit has been arrived at after charging the following items:
Group WCCM 2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Employee benefits expense 14,846,784 15,937,419 14,616,974 15,937,419 Depreciation (note 11) 3,063,938 3,301,044 3,058,445 3,301,044 Amortisation 40,134 22,218 40,134 22,218 Auditors’ remuneration 55,809 39,262 52,309 39,262 18,006,665 19,299,943 17,767,862 19,299,943
8 EMPLOYEE BENEFITS EXPENSE
Group WCCM 2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Staff salaries 13,318,432 14,126,730 13,168,614 14,126,730 National Social Security Fund 1,407,970 1,434,521 1,407,970 1,434,521 Provident fund contributions 120,382 376,168 118,684 376,168 14,846,784 15,937,419 14,616,974 15,937,419
The average number of employees during the year was 1,089(2020:1,056)
WATOTO CHILD CARE MINISTRIES
27
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
9 OPERATING EXPENSES
Group WCCM 2021 2020 2021 2020 Ush'000 Ush'000 Ush'000 Ush'000
Agriculture 2,492,615 1,922,998 2,492,615 1,922,998
Construction 38,873 74,734 38,873 74,734
Neighbourhood Business 590,795 792,364 590,795 792,364
Babies Home 4,205,091 2,871,956 4,205,091 2,871,956
Neighbourhood NGO Uganda 4,845,248 4,774,427 6,190,331 4,774,427
Visit Watoto 389,355 1,039,658 389,355 1,039,658
Education 12,273,787 6,779,640 12,273,787 6,779,640
Neighbourhood NGO Juba 824,758 283,380 283,380
Bad debt expense for Watoto Limited 3,718,631 3,718,631
Depreciation and amortisation (Other programs) 1,033,809 1,172,698 1,033,809 1,172,698
Depreciation and amortisation (Childcare) 2,064,313 1,935,842 2,064,313 1,935,842
Child welfare expenses 713,310 715,752 713,310 715,752
Choir Preparation 631,154 2,202,667 631,154 2,202,667
Choir Production expenses 203,668 203,668
Clinical & Medical Expenses 3,369,436 2,028,550 3,369,436 2,028,550
Estates 1,547,491 1,231,552 1,547,491 1,231,552
Homes & Mothers 10,193,185 8,945,711 10,193,185 8,945,711
Other program costs 211,388 359,945 211,387 359,945
Pastoral & Discipleship 1,383,398 1,116,839 1,383,398 1,116,839
Realised Exchange gain (54,190) (54,190)
Shared costs (2,170,264) (1,786,376) (2,170,264) (1,786,376)
Sponsorship 923,363 1,376,025 923,363 1,376,025
Sports Academy 650,287 488,479 650,287 488,479 Worship Academy 856,768 603,029 856,768 603,029
Write Off Account *** 522,272 (170) 503,734 (170)
Total Operating expenses 51,309,063 39,079,178 51,810,849 39,079,178
*** Write off account relates to the long outstanding balances that had always been carried in the financials The board approved their write off during this financial year.
WATOTO CHILD CARE MINISTRIES
28
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
10 ADMINISTRATIVE EXPENSES
Group WCCM 2021 2020 2021 2020 Ush'000 Ush'000 Ush'000 Ush'000
Accommodation 62,074 54,108 62,074 54,108
Advertising & Publicity Costs 56,713 7,168 56,713 7,168 Audit Fees 55,809 30,965 52,309 30,965
Bank Charges 27,862 17,714 19,350 17,714
Bereavement 490 490
Board Meeting Expenses 15,577 5,248 15,577 5,248
Buildings Maintenance 11,208 1,034 11,208 1,034
Cleaning & Maintenance 1,936 10,085 1,936 10,085
Clearing & Handling Charges 500 500
Computer maintenance 87,854 12,057 87,854 12,057
Consultation Fees 481,075 1,515,347 481,075 1,515,347
Depreciation and amortisation 5,493 214,722 214,722
Documentation/Photography Cost 229 5,227 229 5,227
Donations expense 17,000 17,000 Drugs & Treatment (10,093) (10,093)
Educational Supplies & Materia 215 157 215 157
Employer Provident fund 17,369 54,949 17,369 54,949
Equipment Maintenance 16,866 13,573 16,866 13,573
Expatriates Salaries 470,572 661,632 470,572 661,632
Fresh foods 1,192 1,192
Fuel Expenses 17,215 17,215
Furniture Maintenance 305 45 305 45
Hire of Facility/Equipment 10,800 120 10,800 120
Home/Office/School Supplies 180,470 6,889 180,470 6,889
Honoraria & gifts 13,480 226,479 13,480 226,479
Insurance costs 21,646 133,172 21,646 133,172
International travel costs 166,949 228,627 166,949 228,627
Internet/E mail 141,629 210,684 141,629 210,684
Legal Costs 126,937 215,090 125,162 215,090
Licenses & Permits 28,090 16,088 28,090 16,088
Mail &Postage 1,320 844 1,320 844
Meals & Refreshments 44,773 45,255 44,773 45,255
Medical expenses 4,000 140 4,000 140
Motor Vehicle Maintenance 227,802 180,207 227,802 180,207
NSSF Employer's Contribution 273,893 271,535 273,893 271,535
Passports and Visas 3,000 1,446 3,000 1,446
Photocopying & Printing 29,825 2,698 29,825 2,698
Rent 102,167 184,616 102,167 184,616
School Fees 8,217 8,217
Balance c/f 2,705,438 4,344,942 2,686,158 4,344,942
WATOTO CHILD CARE MINISTRIES
29
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
10 ADMINISTRATIVE EXPENSES (Continued)
Balance b/f
Group WCCM 2021 2020 2021 2020 Ush'000 Ush'000 Ush'000 Ush'000
2,705,438 4,344,942 2,686,158 4,344,942
Security 69,496 76,141 69,496 76,141
Seguku Operations 601 601
Staff Accommodation 14,365 12,957 14,365 12,957
Staff Benefits 101,041 71,931 101,041 71,931
Staff Meals 3,065 22,890 3,065 22,890
Staff Medical Expenses 122,548 137,824 122,548 137,824
Staff Retirement packages 2,397 141,415 2,397 141,415
Staff Salaries 1,779,149 1,911,633 1,779,149 1,911,633
Stationery & Supplies 14,553 14,979 14,553 14,979
Subscriptions 52,131 79,281 52,131 79,281
Taxes 18,035 3,694
Telephone & fax 49,421 53,482 49,421 53,482
Training Fees 2,713 10,385 2,713 10,385
Transport 164,176 156,041 164,176 156,041
Utilities 32,050 22,436 32,050 22,436
Workmen's Compensation Policy 18,308 32,240 18,308 32,240
Welfare Expenses 195,840 195,840
Birthdays & Gifts 5,204 5,204
Fines and Penalties 22,907 22,907
Total Administration expenses 5,373,438 7,088,577 5,339,817 7,088,577
WATOTO CHILD CARE MINISTRIES
30
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
11a) PROPERTY PLANT AND EQUIPMENT WCCM
Property and equipment Free hold land Buildings Motor vehicles Motorcycles Computers Furniture Equipment Capital work in progress TOTAL Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000 Shs ‘000
Cost
As at January 2020
6,047,102 47,320,841 3,394,273 44,455 2,060,334 4,028,246 4,683,489 4,670,772 72,249,512 Additions 22,500 901,720 271,063 224,610 34,376 147,851 1,510,902 3,113,022 Disposals/written off (5,685) (565,532) (571,217)
At 31 December 2020 6,069,602 48,222,561 3,665,336 44,455 2,279,259 4,062,622 4,831,340 5,616,142 74,791,317
As at January 2021 6,069,602 48,222,561 3,665,336 44,455 2,279,259 4,062,622 4,831,340 5,616,142 74,791,317 Additions 229,067 15,900 703,304 106,081 81,548 1,209,801 2,345,701 Adjustment (5,621) (5,621)
Disposals/written off (8,425) (26,053) (105) (60,842) (121) (95,546)
Transfer to South Sudan (8,411) (20,229) (28,640)
At 31 December 2021 6,061,177 48,451,628 3,681,236 44,455 2,956,510 4,160,187 4,831,817 6,820,201 77,007,211
Accumulated Depreciation
As at 1 January 2020 18,314,555 2,869,310 42,594 1,601,617 3,367,633 3,536,919 29,732,628 Depreciation charge for the year 1,915,650 405,589 973 274,229 216,390 488,213 3,301,044
At 31 December 2020 20,230,205 3,274,899 43,567 1,875,846 3,584,023 4,025,132 33,033,672 As at January 2021 20,230,205 3,274,899 43,567 1,875,846 3,584,023 4,025,132 33,033,672
Depreciation 1,930,385 192,295 888 356,707 200,076 378,100 3,058,451 Disposals (18,476) (419) (2,600) (21,495)
Write off/ Adjustment (8,040) (58,242) (66,282)
At 31 December 2021 22,160,590 3,467,194 44,455 2,206,037 3,783,680 4,342,390 36,004,346
Net book value
At 31 December 2021 6,061,177 26,291,038 214,042 0 750,479 376,507 489,427 6,820,201 41,002,865
At 31 December 2020 6,069,602 27,992,356 390,437 888 403,413 478,599 806,208 5,616,142 41,757,645
WATOTO CHILD CARE
MINISTRIES
31
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
11b) PROPERTY AND EQUIPMENT
GROUP
Freehold land Buildings Motor vehicles Motorcycles Computers
Furniture, fixtures, and fittings Equipment Capital work in progress Total Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Shs'000 Shs'000
Cost
As at 1 January 2020
6,047,102 47,320,841 3,394,273 44,455 2,060,334 4,028,246 4,683,489 4,670,772 72,249,512 Additions 22,500 901,720 271,063 224,610 34,376 147,851 1,510,902 3,113,022 Disposals/written off (5,685) (565,532) (571,217) At 31 December 2020 6,069,602 48,222,561 3,665,336 44,455 2,279,259 4,062,622 4,831,340 5,616,142 74,791,317
As at 1 January 2021 6,069,602 48,222,561 3,665,336 44,455 2,279,259 4,062,622 4,831,340 5,616,142 74,791,317
Additions 229,067 15,900 703,304 114,073 101,777 1,209,801 2,373,922 Adjustment (5,621) (5,621) Disposals/written off (8,425) (26,053) (105) (60,842) (121) (95,546)
Transfer to WCCM South Sudan (8,411) (20,229) (28,640)
At 31 December 2021 6,061,177 48,451,628 3,681,236 44,455 2,956,510 4,168,179 4,852,046 6,820,201 77,035,432
Accumulated depreciation
As at 1 January 2020 18,314,555 2,869,310 42,594 1,601,617 3,367,633 3,536,919 29,732,628
Charge on disposal Depreciation charge 1,915,650 405,589 973 274,229 216,390 488,213 3,301,044 Write off
At 31 December 2020 20,230,205 3,274,899 43,567 1,875,846 3,584,023 4,025,132 33,033,672
As at 1 January 2021 20,230,205 3,274,899 43,567 1,875,846 3,584,023 4,025,132 33,033,672
Depreciation charge 1,930,385 192,295 888 356,701 201,534 382,135 3,063,938 Disposals (18,476) (419) (2,600) (21,495)
Write off/Adjustment (8,031) (58,244) (66,275)
At 31 December 2021 22,160,590 3,467,194 44,455 2,206,040 3,785,138 4,346,423 36,009,840
Net Book Value
At 31 December 2021 6,061,177 26,291,038 214,042 750,482 383,041 505,621 6,820,201 41,025,592 At 31 December 2020 6,069,602 27,992,356 390,437 888 403,413 478,599 806,208 5,616,142 41,757,645
WATOTO CHILD CARE
MINISTRIES
32
NOTES
TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
12 OPERATING LEASE PREPAYMENTS
Group WCCM
2021 2020 2021 2020
Shs '000 Shs '000 Shs '000 Shs '000
At start of year 397,561 413,559 397,561 413,559
Additions 182,770 182,770 Amortization charge for the year (19,728) (15,999) (19,728) (15,999)
At end of year 560,602 397,560 560,602 397,560
13 INTANGIBLE ASSETS Group
WCCM
2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
At start of year 20,408 26,627 20,408 26,627 Additions during the year Amortization charge for the year (20,406) (6,219) (20,406) (6,219) At end of year 2 20,408 2 20,408
14 INVESTMENT IN SUBSIDIARY
Group
WCCM
2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Watoto Limited 990 990 990 990 Other shares 50 50 50 50 1,040 1,040 1,040 1,040
Watoto Child Care Ministries owns 99% of the shares of Watoto Limited. The amount above represents the Organisation’s interest in Watoto Limited. The Ministry was donated 50 shares by Omer Farming Company worth Ushs 1,000 each
15 INVENTORY Group
WCCM
2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Agriculture Inventory 294,080 221,496 294,080 221,496 Building materials 582 1,946 582 1,946 294,662 223,442 294,662 223,442
WATOTO CHILD CARE MINISTRIES
33
NOTES
TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
16 HELD TO MATURITY INVESTMENTS
Fixed Deposits
Fixed Deposits
Group WCCM
2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
5,974,868 22,982,783 5,974,868 22,982,783
Treasury bills 1,500,057 2,137,269 1,500,057 2,137,269
Unit Trusts 17,902,154 17,902,154
Bonds 4,387,800 4,387,800
Bonds Premium / Discount 573,353 573,353
Total Investments 30,338,232 25,120,052 30,338,232 25,120,052
17 RELATED PARTY BALANCES AND TRANSACTIONS
(a) Amount due from related parties Group WCCM 2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Receivable from Country 764,616 1,258,933 764,616 1,258,933
Watoto Church Ministries 3,806,951 3,423,705 3,806,951 3,423,705
Due from KPL 600 600 600 600
Due from Power Fm 1,108 573 1,108 573
Due from Bobi 444,091 444,091
Loan to Watoto Limited 476,930 476,931 476,930 476,931 Due from Watoto Limited 3,393,899 3,401,897 3,393,899 3,401,897 8,444,104 9,006,730 8,444,104 9,006,730
Less provision for bad debts relating to Watoto Limited (3,894,601) (3,894,601)
Net Receivables from related parties 4,549,503 9,007,730 4,549,503 9,007,730
(b) Amount due to related parties
Watoto Church Ministries 3,728,171 3,259,753 3,727,289 3,259,753
Kampala Playhouse 17,568 17,568 17,568 17,568
Due to Power FM 840 840 840 840 Due to Guest house 51,100 51,100 Watoto Limited 166,773 (407,896) 166,773 (407,896) Due to Bobi 444,090 444,091 Due Childcare Juba 85,602 3,913,352 3,365,455 3,998,072 3,365,456
WATOTO CHILD CARE MINISTRIES
34
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
17 RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)
c) Key management compensation Group WCCM 2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000
Salaries and other short term employment benefits 497,543 1,123,612 497,543 1,123,612
Key management personnel include the executive director and leadership team. All transactions with key management personnel relate to payment for employment services and are limited to salaries and short term benefits. The reduction in 2021 resulted from changes in the organisation that led to a reduction of the number of leadership team staff under Childcare. No payments or allowances have been paid to the board members for the year 2021.
18 SUNDRY RECEIVABLES AND PREPAYMENTS Group WCCM 2021 2020 2021 2020 Shs '000 Shs '000 Shs '000 Shs '000 Prepayments 1,161,896 2,386,433 1,151,927 2,386,433
Other debtors 465,394 349,151 465,394 349,151 Accountable advance 1,584 162,024 1,584 162,024
Staff debtors 15,213 (6,593) 15,213 (6,593) Investment Interest receivable 579,038 579,038 2,223,125 2,891,015 2,213,156 2,891,015
Cash and Bank 9,314,009 10,743,427 8,890,488 10,743,427
20 DEFERRED INCOME
At 1 January 464,286 464,286 464,286 464,286 Deferred Donations 1,914 1,914 At 31 December 466,200 464,286 466,200 464,286
21 SUNDRY PAYABLES AND ACCRUALS
Payables 3,040,815 2,928,525 3,018,693 2,928,525 Accruals 1,332,897 2,848,059 1,332,897 2,848,059 4,373,712 5,776,584 4,351,590 5,776,584
WATOTO CHILD CARE MINISTRIES
35
19 BANK AND CASH BALANCES
NOTES
TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
22 COMMITMENTS AND CONTINGENCIES
The company had no commitments and contingencies as at 31 December 2021
23 EVENTS AFTER THE REPORTING DATE
The COVID 19 pandemic continued to affect business and economics at the timing of these financial statements. The lasting impact on the Organisation is assessed on a continuing basis.
There were no other events after the reporting period which require adjustment to or disclosure in the financial statements.
WATOTO CHILD CARE
MINISTRIES
36
DONATIONS, VISIT WATOTO AND WATOTO MERCHANDISE
1) Detail analysis of donation from Watoto Germany
Date Description
EUROS UGX
1/28/2021 Transfer from Germany 56,325 230,959,983 2/1/2021 Transfer from Germany 8,000 32,804,160 2/26/2021 Transfer from Germany 35,774 156,802,886 3/23/2021 Transfer from Germany 41,426 177,802,195 4/27/2021 Transfer from Germany 16,821 71,843,217 5/21/2021 Transfer from Germany 35,445 153,575,072 6/22/2021 Transfer from Germany 34,955 151,939,249 7/15/2021 Transfer from Germany 34,916 148,328,009 8/25/2021 Transfer from Germany 35,455 137,856,348 9/24/2021 Transfer from Germany 35,542 146,873,637 10/20/2021 Transfer from Germany 35,742 149,669,390 11/25/2021 Transfer from Germany 37,012 148,994,527 12/22/2021 Transfer from Germany 36,029 143,930,169
Sub total 443,443 1,851,378,842
2) Detail analysis of donation from Watoto Switzerland
Date Description EUROS UGX
1/29/2021 Transfer from Switzerland 6,435 26,385,328 4/27/2021 Transfer from Switzerland 5,241 22,383,928 7/15/2021 Transfer from Switzerland 5,311 22,561,988 11/16/2021 Transfer from Switzerland 12,525 50,605,112
Sub Total 29,512 121,936,356
3) Detail analysis of donation from Watoto Netherlands
Date Description USD UGX
1/19/2021 Transfer from Netherlands 34,975 143,413,760 2/22/2021 Transfer from Netherlands 22,704 100,260,114 3/22/2021 Transfer from Netherlands 23,474 101,033,085 4/20/2021 Transfer from Netherlands 22,495 96,076,273 5/11/2021 Transfer from Netherlands 40,323 174,710,481 5/18/2021 Transfer from Netherlands 22,446 97,256,341 6/23/2021 Transfer from Netherlands 22,216 96,566,639 7/21/2021 Transfer from Netherlands 29,673 126,054,382 8/10/2021 Transfer from Netherlands 22,209 86,637,090 10/18/2021 Transfer from Netherlands 22,113 92,599,326 11/22/2021 Transfer from Netherlands 22,027 88,670,349 12/22/2021 Transfer from Netherlands 21,941 87,648,868
Total of Transfers. 370,978 1,557,575,683
37 APPENDIX
1
APPENDIX 1
DONATIONS, VISIT WATOTO AND WATOTO MERCHANDISE (CONTINUED)
4) Detail analysis of donation from Watoto Norway
Date Description USD UGX
1/29/2021 Transfer from Norway. 65,834 240,097,947 3/1/2021 Transfer from Norway. 60,960 223,418,914 3/25/2021 Transfer from Norway. 62,531 229,175,822 4/26/2021 Transfer from Norway. 61,725 226,221,612 5/21/2021 Transfer from Norway. 60,890 219,448,914 6/28/2021 Transfer from Norway. 60,425 217,772,495 7/22/2021 Transfer from Norway. 73,515 261,332,722 8/24/2021 Transfer from Norway. 66,041 232,663,042 9/23/2021 Transfer from Norway. 79,694 281,160,467 10/27/2021 Transfer from Norway. 75,943 270,737,365 11/29/2021 Transfer from Norway. 65,223 231,672,132 12/31/2021 Transfer from Norway. 74,094 261,921,371
Sub Total 806,875 2,895,622,803
Less None Income: 33,067 116,964,112
Total Income 773,807 2,778,658,691
5) Detail analysis of donation from Watoto Hong Kong
Date Description USD UGX
1/21/2021 Transfer from Hong Kong. 231,398 843,907,267 2/25/2021 Transfer from Hong Kong. 196,545 719,748,596 3/22/2021 Transfer from Hong Kong. 201,338 737,499,666 4/22/2021 Transfer from Hong Kong. 185,910 681,358,575 5/24/2021 Transfer from Hong Kong. 215,555 790,007,244 6/22/2021 Transfer from Hong Kong. 162,771 586,634,167 7/21/2021 Transfer from Hong Kong. 169,766 603,484,034 8/20/2021 Transfer from Hong Kong. 161,680 569,437,875 9/28/2021 Transfer from Hong Kong. 159,008 560,819,489 10/28/2021 Transfer from Hong Kong. 162,176 578,158,866 12/17/2021 Transfer from Hong Kong. 162,003 572,681,631 12/17/2021 Transfer from Hong Kong. 169,586 601,181,981
Total 2,177,735 7,844,919,391
38
6) Detail analysis of donation from Watoto Sweden
Date Description USD UGX
1/27/2021 Transfer from Sweden 18,939 69,069,366 3/2/2021 Transfer from Sweden 17,562 64,329,606 3/23/2021 Transfer from Sweden 15,511 56,738,104 6/4/2021 Transfer from Sweden 16,331 58,858,406 7/14/2021 Transfer from Sweden 15,874 56,429,002 7/19/2021 Transfer from Sweden 15,075 53,589,676 8/31/2021 Transfer from Sweden 14,621 51,423,745 9/23/2021 Transfer from Sweden 15,858 55,946,283 11/1/2021 Transfer from Sweden 15,077 53,371,341
Sub Total 144,848 519,755,529
7) Detail analysis of donation from Watoto GDG
Date Description USD UGX
1/27/2021 Transfer from GDG 115,384 420,804,717 3/1/2021 Transfer from GDG 120,250 440,715,296 3/26/2021 Transfer from GDG 105,606 387,044,744 4/30/2021 Transfer from GDG 79,829 292,572,076 05/27/2021 Transfer from GDG 9,985 35,986,339 5/28/2021 Transfer from GDG 100,336 361,614,525 06/29/2021 Transfer from GDG 14,881 43,613,007 6/29/2021 Transfer from GDG 97,951 353,018,275 7/29/2021 Transfer from GDG 177,717 631,748,960 7/29/2021 Transfer from GDG 13,663 48,569,232 8/19/2021 Transfer from GDG 940 3,310,680 8/31/2021 Transfer from GDG 38,866 136,690,069 9/30/2021 Transfer from GDG 98,132 346,110,541 10/8/2021 Transfer from GDG 77,773 276,481,273 10/26/2021 Transfer from GDG 99,492 354,689,372 11/26/2021 Transfer from GDG 93,339 333,220,908
Total 1,244,142 4,466,190,014 Less Non Income 38,529 128,168,578
Sub Total 1,205,613 4,338,021,436
39 APPENDIX 1
DONATIONS, VISIT WATOTO AND WATOTO MERCHANDISE (CONTINUED)
APPENDIX 1
DONATIONS, VISIT WATOTO AND WATOTO MERCHANDISE (CONTINUED)
8) Detail analysis of donation from Watoto New Zealand
Date Description USD UGX
1/28/2021 Transfer from New Zealand
5,715 20,842,241 3/1/2021 Transfer from New Zealand 4,869 17,843,639 3/26/2021 Transfer from New Zealand 4,593 16,832,135 4/30/2021 Transfer from New Zealand 6,924 25,376,387 6/1/2021 Transfer from New Zealand 3,355 12,090,618 6/29/2021 Transfer from New Zealand 3,948 14,229,651 7/29/2021 Transfer from New Zealand 4,254 15,120,591 9/30/2021 Transfer from New Zealand 11,923 42,053,267 11/26/2021 Transfer from New Zealand 9,109 32,517,772
Total 54,689 196,906,301
9) Detail analysis of donation from Watoto Canada
Date Description USD UGX
1/27/2021 Transfer from Canada 224,498 818,743,914 2/19/2021 Transfer from Canada 222,774 816,021,528 3/19/2021 Transfer from Canada 223,975 820,422,183 4/21/2021 Transfer from Canada 229,648 841,660,617 5/11/2021 Transfer from Canada 20,295 73,143,343 5/19/2021 Transfer from Canada 241,044 883,424,904 6/22/2021 Transfer from Canada 238,735 860,408,974 7/16/2021 Transfer from Canada 233,705 830,775,602 8/19/2021 Transfer from Canada 217,978 767,717,425 8/20/2021 Transfer from Canada 1,561 5,497,842 9/21/2021 Transfer from Canada 187,540 661,642,283 10/27/2021 Transfer from Canada 213,833 762,314,039 11/12/2021 Transfer from Canada 1,575 5,583,375 11/23/2021 Transfer from Canada 204,308 729,378,740 12/21/2021 Transfer from Canada 195,760 694,949,106 Total 2,657,229 9,511,683,875
Add Program Costs 136,711 490,902,773
Sub Total 2,793,940 10,062,5686,648
40
APPENDIX 1
DONATIONS, VISIT WATOTO AND WATOTO MERCHANDISE (CONTINUED)
10) Detail analysis of donation from Watoto USA.
Date Description USD UGX
02/04/2021 Transfer from USA 371,681 1,368,014,647 02/25/2021 Transfer from USA 339,308 1,242,547,141 03/01/2021 Transfer from USA 50,000 183,250,000 03/16/2021 Transfer from USA 8,000 29,304,000 03/23/2021 Transfer from USA 346,760 1,268,449,653 04/21/2021 Transfer from USA 341,750 1,250,120,220 04/22/2021 Transfer from USA 5,000 18,020,200 05/03/2021 Transfer from USA 65,000 238,225,000 05/21/2021 Transfer from USA 322,493 1,181,937,066 06/16/2021 Transfer from USA 4,226 15,230,673 06/22/2021 Transfer from USA 340,462 1,207,269,954 06/24/2021 Transfer from USA 45,410 163,657,654 06/28/2021 Transfer from USA 75,000 270,303,000 07/22/2021 Transfer from USA 322,359 1,145,921,240 08/23/2021 Transfer from USA 330,362 1,163,865,538 08/26/2021 Transfer from USA 109,087 384,313,501 09/21/2021 Transfer from USA 301,087 1,062,234,194 10/04/2021 Transfer from USA 66,100 234,985,500 10/11/2021 Transfer from USA 1,904 6,806,800 10/26/2021 Transfer from USA 100,000 356,500,000 11/24/2021 Transfer from USA 297,454 1,061,911,459 12/31/2021 Transfer from USA 313,321 1,134,459,355
Total 4,540,143 16,348,324,589
Add: Program costs 390,769 1,399,420,118
Less: Non Income 23,397 83,909,427
Sub Total 4,907,515 17,663,835,280
11) Detail analysis of donation from Watoto Brazil
Date Description
USD UGX
Transfer from Brazil. 10,956 39,955,109 2/23/2021 Transfer from Brazil. 10,478 38,382,306 3/16/2021 Transfer from Brazil. 9,472 34,694,105 4/15/2021 Transfer from Brazil. 9,904 36,296,877 5/7/2021 Transfer from Brazil. 15,863 58,137,236 6/15/2021 Transfer from Brazil. 10,300 37,120,928 7/23/2021
1/21/2021
Transfer from Brazil. 9,421 33,488,314 8/13/2021 Transfer from Brazil. 9,810 34,531,587 8/31/2021 Transfer from Brazil. 950 3,263,250 9/16/2021 Transfer from Brazil. 9,326 32,828,189 10/20/2021 Transfer from Brazil. 9,178 33,150,286 11/12/2021 Transfer from Brazil. 9,138 32,394,281 12/22/2021 Transfer from Brazil. 8,511 30,212,524
Sub Total 123,305 444,454,992
Add: Program Costs 22,538 81,271,973
Total income 145,843 525,726,965
41
DONATIONS, VISIT WATOTO AND WATOTO MERCHANDISE
12) Detail analysis of donation from Watoto UK
Date Description Pounds UGX
2/15/2021 Transfer from UK 30,000 150,879,900 2/23/2021 Transfer from UK 3,886 19,773,393 4/28/2021 Transfer from UK 53,997 266,853,025 4/22/2021 Transfer from UK 57,411 283,726,743 4/30/2021 Transfer from UK 30,000 148,260,000 5/5/2021 Transfer from UK 23,075 115,153,154 6/18/2021 Transfer from UK 30,000 151,656,300 6/28/2021 Transfer from UK 30,000 151,656,300 7/8/2021 Transfer from UK 30,000 148,384,500 7/6/2021 Transfer from UK 16,858 83,381,405 7/5/2021 Transfer from UK 16,346 80,847,889 8/16/2021 Transfer from UK 30,000 137,708,100 8/12/2021 Transfer from UK 18473 84,956,225 9/3/2021 Transfer from UK 48,898 222,709,740 9/23/2021 Transfer from UK 30,000 145,032,600 11/19/2021 Transfer from UK 16,681 79,002,312 11/23/2021 Transfer from UK 30,000 143,996,100 11/17/2021 Transfer from UK 18,029 85,386,094 12/9/2021 Transfer from UK 44,563 211,955,459 12/22/2021 Transfer from UK 43,268 206,117,498 12/30/2021 Transfer from UK 42,934 204,526,889
Sub Total 644,419 3,121,963,626
Add: Program costs 15,400 75,337,947
Sub Total 659,819 3,197,301,573
Total International Incomes 50,658,602,695
13)
Detail analysis of donation from Watoto Uganda.
Uganda Donation WCCM 773,980,771
Uganda Donation BABY WATOTO 20,426,000
Uganda Donation Neighbourhood 7,416,000
Uganda Visit Watoto 2,310,000
Sub Total 804,132,771
14)
Merchandise Sales.
Watoto Hong Kong 5,827,382
Watoto USA 13,463,290
Watoto Canada 513,100
Watoto Australia 73,594,959 Uganda 493,926,755
Sub Total 587,325,486
The sum of receipts above, UGX 52,050,060,952 includes amounts recognised as receivable in FY20 but realised in FY21. These are not included in the recognised income in note 6.
42 APPENDIX 1
(CONTINUED)
