Bumba Foundation
Charity no: 1145624
Report and Financial Statements for the year ended 31 March 2021
Page 1
Bumba Foundation
Contents
| Page | |
|---|---|
| Legal and administrative information | 2 |
| Report of the trustees | 3 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes forming part of the financial statements | 8 - 9 |
Page 2
Bumba Foundation
Legal and administrative information
Registration
Charity registration number 1145624
Trustees
Martin Tilbury (Chairman) Jane Hanson (Secretary) Wendy Solesbury MBE David Roberts James Purvis-Turton (appointed October 2020)
Charity's principal address
Mr Martin Tilbury 40 Dane Road Sale Cheshire M33 7AR
Independent examiner
Ruth Gee 3 Dudley Court Carlton Rd Manchester M16 8DA
Bankers
Barclays Bank plc 164 Allerton Road Liverpool L18 2DU
Page 3
Trustees' Annual Report for the year ended 31 March 2021
Bumba Foundation
The Trustees present their annual report together with the charity's financial statements for the year ended 31 March 2021. Legal and administrative information set out on page 2 forms part of this report. The financial statements comply with the charity's constitution and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005.
Structure, governance and management
The Foundation was established for education/training and the prevention or relief of poverty for charitable purposes by a Deed of Settlement dated 24 January 2012 and supported be a constitution which was adopted on the 04 October 2011 and amended on 24 January 2012. It is governed by a board of trustees who are each appointed for an indefinite period. Routine administration is carried out by the Secretary and Chairman, who informs and consults the other trustees regularly by email, letter and telephone. The board meets three times a year to review strategy, operational issues and financial performance.
If a board vacancy arises, it would be filled from a wide circle of active charity officers and trustees known to the existing trustees. New trustees are inducted into the organisation and its activities, policies and responsibilities, charity law and the organisation’s charity purposes.
Objectives and activities
The Trustees raise funds, hold the Trust Fund and the income therefrom on trust to apply them, at their absolute discretion, for the advancement of education, the promotion of good citizenship and civic responsibility and the advancement in life of young people so as to develop their full capacities and enable them to become responsible members of society and so that their conditions of life may be improved in Uganda and the North West of England with the aim to improve and increase community cohesion for the Public Benefit. They have power to retain the capital of the Trust and reasonable amounts of cash balances. They achieve their objectives by making grants to partner charitable organisations in Uganda and the North West of England (however currently this is only to organisations the Trustees have worked with in the past in Uganda).
Page 4
Bumba Foundation
Trustees' Annual Report for the year ended 31 March 2021
The past year has been a challenging period for the charity due to the Covid pandemic and the effect it has had on the operations of our projects in Uganda and our fundraising activities. Even though our income reduced, we increased our online fundraising and gained additional grants from our relationship with trusts. We provided additional support to ensure our projects were Covid secure and WASH projects were implemented at speed to support the community’s response to the pandemic. In line with local lockdowns and Covid restrictions, we continued to focus our activities on providing access to quality education, improving health & sanitation and reducing poverty, through the Bumba Foundation community schools and vocational skills centres.
We continued to invest in the infrastructure and operations of the schools to improve the impact and accessibility of education and invested in our agricultural vocational skills centre. To address the challenges of increased poverty and lockdown restrictions, it is essential that the community can adapt to the changing environmental and gain education, skills and knowledge in sustainable home-farming. Educating young people is a key element in making the transformational change required and achieving the long-term sustainability & increasing the community’s resilience to pandemics and environmental changes.
Our Agricultural Vocational Skills centre in Mugiti, has continued to educate young people at our community schools, young people not in education and employment and also the wider community. In the past year we have invested and expanded the demonstration gardens, community workshops and the apprentice programme focused on self-sustainable home-farming
To support our impact reporting, we worked with a film maker and the local community in Uganda to create an impact documentary film which measures the impact of the charities work and was also used to raise awareness of the charity to a wider audience.
The Statement of Financial Activities is set out on page 6. The Trustees' policy is to raise funds to enable them to carry out their charitable programme and continue to support the schools in the future. Funds raised totalled £50,513 and resources expended totalled £46,402 resulting in net incoming resources of £4,111. There remains a cash balance of £11,597 at the end of the financial year. The trustees consider that it is prudent to retain a cash balance of no less than £2,000 so that they are always in a position to pay modest grants and to cover any unexpected expenses that might arise.
This report was approved by the Trustees on 21st July 2021
and signed on their behalf by:
Martin Tilbury Chairman
Page 5
Independent Examiner's Report to the Trustees of Bumba Foundation
Bumba Foundation
I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this period under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under Section 145(2) 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under Section 145(2)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in, any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met: or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Ruth Gee
Accounting For Artists
- 3, Dudley Court, Carlton Rd, Manchester, M16 8DA
Page 6
Bumba Foundation
Statement of Financial Activities for the year ended 31 March 2021
| Note Incoming resources Incoming resources from generated funds 3 Voluntary income Donations Activities for generating funds Fundraising (Charity Dinner) Fundraising (Schools project) Sponsorship Total incoming resources Resources expended 4 Charitable activities Uganda schools and education programme Documentary film project costs Fundraising events Governance costs Support costs Total resources expended Net incoming / (outgoing) resources Other recognised gains and losses Net movement in funds for the year Total funds brought forward Total funds at 31 March 2021 |
2021 £ 44,863 - - 5,650 50,513 40,173 5,569 - 250 410 46,402 4,111 - 4,111 7,236 11,347 |
2020 £ 57,460 2,053 730 1,000 |
|---|---|---|
| 61,243 | ||
| 55,464 - 3,065 250 675 |
||
| 59,454 | ||
| 1,789 - |
||
| 1,789 5,447 |
||
| 7,236 |
The notes beginning on page 8 form part of these financial statements
Page 7
Bumba Foundation
Balance Sheet at 31 March 2021
Charity number 1145624
| Note Fixed assets Current assets Bank and cash balances Liabilities: amounts falling due within one year 6 Net current assets Net assets Unrestricted funds |
2021 £ - 11,597 11,597 (250) 11,347 11,347 11,347 |
2020 £ - |
|---|---|---|
| 7,486 | ||
| 7,486 (250) |
||
| 7,236 | ||
| 7,236 | ||
| 7,236 |
The notes beginning on page 8 form part of these financial statements
The financial statements were approved by the Trustees on 21st July 2021 and signed on their behalf by
Martin Tilbury Chairman
Page 8
Bumba Foundation
Notes to the financial statements for the year ended 31 March 2021
1 Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
(b) Fund accounting
The charity's funds are general funds and are available for use, at the Trustees' discretion, in furtherance of the charity's objects.
(c) Incoming resources
Donations are accounted for in the accounting period in which they are received.
(d) Resources expended
Grants are accounted for when they have been approved by the Trustees and any conditions attached have been satisfied. Costs are recognised when the related goods or services have been provided.
2 Taxation
The charity's income and gains are not liable to tax providing they are applied for charitable purposes.
3 Analysis of incoming resources
| Voluntary income Donations and Fundraising Donations from charitable trusts & foundations Activities for generating funds School Fundraising Project Corporate Sponsorship Annual charity dinner and fundraising events lysis of resources expended Charitable activities Travel expenses, monitoring and evaluation of schools programme |
2021 £ 23,363 21,500 44,863 - 5,650 - 5,650 2021 £ 6,840 |
2020 £ 11,460 46,000 |
|---|---|---|
| 57,460 | ||
| 730 1,000 2,053 |
||
| 3,783 | ||
| 2020 £ 1,180 |
4 Analysis of resources expended
Page 9
Bumba Foundation
Notes to the financial statements for the year ended 31 March 2021
4 Analysis of resources expended - continued
| Bumba Foundation Academy Mugiti Community Resilience Project Classroom Refurbishment Project Agricultural project and Apprentice Program Bumba Foundation Academy Iki Iki Accommodation Building Construction Project Sponsored Students and Operating costs Total Uganda schools and education programme Fundraising costs Documentary film project costs Gala Dinner Governance costs Accountancy and independent examination fee Support costs Bank charges 5 Remuneration 6 Creditors: amounts falling due within one year Governance costs No Trustee received any remuneration from the charity during the year. |
2021 £ - 8,615 9,604 18,219 - 15,114 40,173 5,569 - 250 250 410 2021 £ 250 |
2020 £ 2,258 - 18,064 |
|---|---|---|
| 20,322 30,408 |
||
| 3,554 | ||
| 55,464 | ||
| - | ||
| 3,065 | ||
| 250 | ||
| 250 | ||
| 675 | ||
| 2020 £ 250 |