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QCIL Staff SACCO | 13th Annual General Meeting 2024

Quality Chemical Staff Multi-Purpose Cooperative Society Ltd

13th Annual General Meeting 2024

March 22, 2024

Institutional Overview

Vision

To be a leading SACCO promoting prosperity through enhanced saving and convenient credit access.

Mission

Empower members and build wealth through effective savings and credit facilities.

Core Values

Democratic controlIntegrityTransparencyEfficiencyUnityTeamwork

Leadership and Committees

Executive Board

Chairman
Kibirige Swaib Kalungi
Vice Chair
Muyanja Patric
General Secretary
Namutaawe Winnie Ssaka
Treasurer
Kirega Peter

SUPCO

Chair
Asiku Joseph
Secretary
Watala John

Management

Manager
Brenda Amusuguti
Accountant
Martin Kibirige
Credit/Admin
Oluka Paul

AGM Agenda Summary (March 22, 2025)

08:00-09:00
Arrival & Breakfast
09:00-09:05
Opening prayer
09:05-09:10
Chairman's Welcome
09:10-09:40
Recognition of Board Members & special guests
09:40-09:45
Confirmation of minutes for previous AGM FY22
09:45-10:15
Presentation of FY23 Audited Financial Statements
10:15-10:30
Presentation of Treasurer's report
10:30-10:50
Presentation of Supervisory Board report
10:50-11:10
Presentation of the Chairman's report
11:10-11:25
Confirmation of co-opted Board members
11:25-11:55
MSACCO Launch
11:55-12:15
Remarks from Guest
12:15-1:15
Matters arising from Board reports/Deliberations
1:15-2:30
Policy Reviews & Product Development
2:30-3:15
Lunch
3:15-3:30
Presentation of Budget FY24, deliberations and Approval
3:30-3:40
Presentation of Proposals & Resolutions
3:40-3:50
Cake cutting and photography
3:50-4:00
AOB and closure

Financial Highlights (FY24 vs FY23)

Revenue

UGX 618.7M
0% decrease

Operating Expenses

UGX 286.9M
7% decrease

Net Surplus

UGX 183.3M
1% increase

Total Assets

UGX 4.64B
12% growth since FY21

Core Capital

UGX 1.8B
45% increase since FY21

Capital Adequacy Compliance (per MDI Act 2003)

Core Capital / Total Assets

39%
(min 10%)

Institutional Capital / Total Assets

40%
(min 8%)

Total Capital Adequacy Ratio

39%
(min 20%)

Liquid Assets

145%
(min 120%)
Download AGM 2024 Minutes