TRUSTEES, ANNUAL REPORT For the year ended 23, September 2025 Charity Details The trustees present their annual report and financial statements for the charity for the year ended 23rd September 2025. Thi5 report ha5 been prepared in accordance with the Charities Act 2011 and the Charities Statement of Recommended Practice l FRS 1021, as applicable to charities preparing receipt5 and payments accounts where gross income is below the statutory audit threshold. Charit name.. Regain Foundation Charit re istration number., 1153265 al form.. Unincorporated charity Princi al address= Suite 6 Beecham House Beecham Business Park Aldridge WALSALL WS9 8TZ Trustees who served during the year: Name Ehigbor Harrison Ighalo Betty Unukpo Abimbola Taiwo Bonnke Okhilu Ifeanyi Amakom Andrew Ehizode Role Chair Trustee Trustee Trustee Trustee Trustee Appointed 30106/2013 01/08/2025 0110412024 01/0412024 01/0812025 01/0812025 The trustees are responsible for the overall governance and strategic direction of the charity. The board met as required during the year to review charitable activitie5, oversee the stewardship of funds, and ensure that the charity continued to operate in furthera nce of its charitable purposes. Structure, Governance and Management Flegain Foundation 15 governed by its constitution. The trustees are appointed in accordance with the provisions of that governing document and are selected with regard to their commitment to the charity's aims, integrity, and ability to contri bute relevant skills, experience and community knowledge.
New trustees are provided with an introduction to the charity's objects, its cu rrent activities, governance expectations, and key operational procedures. Trustees are made aware of their legal duties under charity13w, including their duty to act only in the best interest5 of the charity and to ensure that charitable funds are properly applied. The charity Is run primarily by volunteer trustees and volunteers. There were no paid employees during the year. Day-to-day delivery of activities relied heavily on volunteers and trusted local contacts in areas where support was provided. Objectives The objectives of the charity are to advance education, vocational training and scholarships,. advance the Christian faith for the public benef it; relieve poverty and hardship,- and advance health and wellbeing. particularly among communities experiencing deprivation or crisis. The trustees have had due regard to the Charity Commission's general guidance on public benefit when planning activities and setti ng priorities for the year. The charity's work is d irected towards the wider community, with 3 particular focus on vulnerable and disadvantaged individuals and families in N igeria and other areas of need. The public benef it delivered by the charity includes the provision of food relief, practical support to local schools, financial assistance towards medicines and healthcare access, support to churches and community groups, and assistance to local farmers and market women whose livelihoods are affected by hardship. Aims and Activities During the year, the trustees, principal aims were to: advance education and vocational opportunities through outreach and support for schools and community learning,. advance the Christian faith for the public benefit through prattical support to Ioc31 churches and mission-re13ted activities,. relieve poverty and hardship through food distribution, relief support and direct assistance to vulnerable individuals and families,. promote health and wellbeing by contributing towards medicines and support for hospitals and related community health needs. In pursuit of these aims, the charity undertook a range of prartical interventions during the year. These included supporting schools, funding medicines and medical su pport for hospitals, distributing food to individuals and families in need, and providing assistance through local contacts and community networks in area5 affected by hardship. The charity also continued developing and strengthening its outreach in Africa, including support for local markets, missionary-related activities, and practical assistance to communities facing economic pressure or insecurity. The trustees remained mindful of the importance of ensuring that support reached genuine beneficiaries and that funds were used for charitable purposes.
Achievements and Performance The trustees consider the year to have been one of mean ingful charitable activity despite logistical and operational challenges. The charity continued to provide relief and support through modest but targeted interventions, particularly in areas where small-scale funding could make an immediate difference to households and local communities. Key achievements during the year included.. food distribution programmes in two states during key periods, including festive-period relief and cash-based support where appropriate; support for local churches and educational outreach, helping community institutions continue to serve vulnerable groups. ongoing monthly relief to market women and loca I farmers, helping sustain livelihoods and reduce immediate hardship. The trustees received feedback through reports, loca l updates, informal testimonies, publicity materials, and direct accounts f rom those involved in the delivery of support. Although the charity does not yet operate a fully formalised impact measurement framework, trustees monitored outcomes through community reports, photographs, local verification, and follow-up communication where possible. Examples of impact during the year included relief materials reaching families during periods of acute hardship, support to hospitals and hea Ith-related institutions through f unding for medicines, and practical support that enabled local community groups and churches to continue serving people in need. The trustees recognise that f urther development of record-keeping, beneficiary tracking and formal reporting will help strengthen future impact assessment, and this remains an area for continued improvement. Volunteers The charity relied signif icantly on volunteers during the year. Approximately 10 volu nteers assisted the charity on an as-needed basis. Volunteers supported food d istribution, beneficiary identification, logistics. local publicity and the practical coordination of relief activities. The trustee5 are grateful for the commitment and generosity of volunteers whose local knowledge and will ingness to serve were essential to the charity's ability to deliver support effectively and economically. Fundraising Activities The charity's income during the year was derived primarily from donations and supporter contributions. The charity did not receive any major grant f unding during the year and did not undertake significant formal fundraising campaigns or events.
The trustees continue to seek sustainable growth in voluntary income through increased awareness, supporter engagement and community promotion. Where fundraising is undertaken, the trustees seek to ensure that it is proportionate, ethical and consistent with the charity's values. No fundraising complaints were received during the year. The trustees are mindful of the charitvs obligations i n relation to f undraising practice and donor stewardship. Financial Review The attached receipts and payments accounts set out the charity's f inancial position for the year in detail. As the charity's gross income for the year was below £250,000, the trustees intend to use the Charity Commission's CC16a form alongside this Trustees, Annual Report. The trustees have continued to manage resources carefully, seeking to maximise the proportion of funds applied directly to charitable activities. Expenditure has been focused on relief, support programmes and associated delivery costs. The trustees review the charity's f inancial position regularly and consider cash flow and liquidity when approving charitable commitments. At the date of approval of this report, the trustees are satisfied that the charity remains a going concern and is able to continue its activities for the foreseeable future, subject to the continued support of donors and volunteers. Total income for the year- £51,589 Total expenditure for the year.. £41,950 Net movement in funds.. £9,639 Cash / bank balances at year end: £9,639 Reserves Policy The trustees recognise the importance of maintaini ng an appropriate level of reserves to ensure continuity of charitable activities, meet short-term commitments, and respond to urgent need5 or unforeseen circumstances. At present, the trustees aim to hold a modest level of unrestricted reserves, where possible, equivalent to approximately 3 months of normal operating expenditure. Given the charity's size and income profile, this is i ntended to provide a prudent buffer while ensuring that the majority of f unds are applied to charitable purposes in a timely manner. The trustees will continue to review the reserves policy annually in light of the charity's growth, funding patterns and operational risks. Risk Management The trustees have considered the principal ri5k5 and uncertainties facing the charity. As a small charity operating with volunteer 5UPPOrt and overseas delivery arrangement5, the key risks include identifying genuine beneficiaries, ensuring that funds and relief reach intended recipients, maintaining appropriate oversight of Ioc31 volunteers and contacts, and managing the practical challenges of transferring funds and verifying their use.
To mitigate these risks, the trustees use local knowledge, seek additional supervision and verification where possi ble, undertake follow-up checks, and may use trusted third parties to assist with delivery and rnonitoring. The trustees also recognise the need to continue strengthening governance, documentation and controls as the charity develops. Future Plans The trustees, priorities for the next 12 months include.. increasing fundraising capacity and broadening the charity's supporter base,. expanding support for schools in disrep31r and providing more structured crisis-relief materials- continuing support for Af rican communities facing hardship, including those affected by migration and immigration-related difficulties; exploring the development of food distribution initiative5 in the UK where consistent with the charit¢5 objects and availa ble resources; developing mentorship and vocational / NVQ-style training initiatives in the UK, with a view to extending suitable models internationally over time. The trustees expect that increased visibility and promotion may assist with fundraising in the coming year. However, the charity remain5 mindful of the need to grow in a controlled and well-governed way, ensuring that systems and oversight keep pace with any increase in activity. Statement of Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the f inancial statements in accordance with applicable law and United Kingdom accounting standards, insofar as applicable to the charity's reporting framework. The law appl icable to charities in England and Wales requ ires the trustees to prepare financial statements for each financial year which Eive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to- select suitable accounting pol icies and then apply them consistently; observe the methods and principles in the Charities SORP appl icable to the charitvs reporting ba51S,' make judgments and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the f inancia I statements on the going concern basis unless it is in3ppropriate to presume that the charity will continue in operation. The trustee5 a re responsible for keeping proper accounting records that disclose with reasona ble accuracy at any time the f in3ncial position of the charity and enable them to ensure that the f inancial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities.
Approval This report Was approved by the trustees on linsert datel and signed on their behalf by.. Ehigbor Harrison Ighalo Chair and Trustee
Regain Foundation 11 $3265 (IIARItY Receipts and payments accounts CC16a For the period from 244¢p.24 To 234ep-25 Section A Receipts and payments UnrostriGted funds Restrictod funds Endowrnenl funds Total funds La$t ar to ¢h• n•ar•st to lh• n•ar•8t £ to th• n••r••t £ to th• n•ar•sl £ lo th• n•ar•8t £ A1 Receipts Cash al bank bll Oonalions Gift aid Lo8n5 T•c8iv8d Olh8r mistellaneous receipts 22 51,587 22 S1,567 478 5,000 Sub total (Gross income for AR) 51,589 51.589 4,522 A2 Asset and Investment sales, (see tablèl. Sub total Total receipts 51,589 51,589 4,522 A3Pa mont8 Dlsinbulion of ch8n18ble OonalioTrs Wages & S8lanes Rgni Cuiiiural expenses Loans lo other Insiitulions Tr8vtrI TBlephoii8 & bIle lees Subsisignce Repairs & Renewals Molor Expenses Bgnk charges Professional lees 1,612 13,993 5,820 3,619 7,510 294 195 1,100 7,518 104 143 34 41,950 1,612 13,993 5.820 3,619 7,510 294 195 1,108 7,518 104 143 34 41,950 4,$00 Sub total 4.500 A4 Asset and Investment purchases, {5ee table) Sub total Total payments 41,950 41,950 4,500 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 9.639 9,639 22 9,639 9,639 22
Section B Statement of assets and liabilities at the end of the period Unrèstricted funds to near8St £ Restricted funds lo nearest £ Endowment funds to nearest £ Categorie5 Delails 81 Cash funds Ca$h al bank a$ at 23 Septernb8r 2015 9.639 Total cash funds 9,639 legree b*ènces with receipls Thd paymenls accounllsll Unrestrictod funds lo nèarest £ Restrlcted funds to n¢•rest £ Endowrnont funds to nearèst É Details Fund to whleh asset belon Detalls Co•t lopllon•ll Current v•luè tlonal B3 Investment assets Fund ¢0 whl¢h •fjs•l b?lon Cuirenl valug tlonal Details ¢oBt ltsptlonall 84 Assets retalned for the charity's own use Fund to whlch rolateg Amount duo lional Whèn du Details BS Liabilities Signed by one or two trustees on behalf of all the truslees Date of roval nature Print Name Rev Ehigbor Ighalo 0811Q12025
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