## **Trustees Annual Report for the year ending 31 March 2023**
## **1. Introduction**
The trustees of the Assuon Foundation Trust present our annual report and account for the year ended 31 March 2023 and confirm we complied with the trust deed, data protection Act 1998, the requirement of the charities Act 2011 and Charities SORP.
## **2. Our Aim**
To improve the standard of education among the village schools within Nsuaem circuit in Ghana. We aim to achieve this by providing infrastructure development and a conducive environment that develops children’s capabilities, competencies, and skills so that every child regardless of gender or ability can develop and fulfil their potential, build self-confidence, and teach a desire to contribute to the wider community.
## **3. Our Objectives**
- a. To build and commission an Educational Resource Centre (ERC) by 2024; for use by disadvantaged children across the Tarkwa-Nsuaem municipality of Ghana. The ERC will provide a 150-seat library facility, an 80-seat computer training lab, a 20-seat internet cafe, a 15-seat PC repair and networking lab and an apprenticeship and vocational support centre. All these services and the associated tuition are free and will benefit over 5,200 pupils who attend schools in the area and provide similar support to future generations.
- b. To supply basic educational materials to schools such as books, dictionaries, and writing utensils.
- c. To promote and encourage the education of female children but not exclusively.
- d. To establish inter-school links between schools in the villages around Nsuaem in Ghana and the UK to promote cultural and educational awareness e.g. pen-pals, joint curriculum work via Zoom, Google Meet etc.
- e. To organise and facilitate volunteer teaching and project trips from the UK to Ghana.
## **4. Future Plans**
To commission our first Educational Resource Centre (ERC) project in Nsuaem in the Western region of Ghana. The ERC will promote academic, moral and physical development of the pupils through our services.
## **5. Our Finances**
|A|All Income (including loan)||£60,260.00|
|---|---|---|---|
|B|Expenditure||£74,263.00|
|C|Net received for the year|C=A-B|£-13,818.00|
|D|Balance brought forward from the previous year||£16,370.00|
|E|Balance carried forward to the next financial year|E=C+D|**£2,552.00**|
Computers to Ghana | A small charity with a BI G vision | Promoting educational development www.assuonfoundationtrust.org.uk
As part of compliance with the Charity Commission’s requirements, and with the level of donations the Trust received this financial year, we have commissioned an independent examiner to review our accounts. We have taken on board points to note, and recommendations suggested within the report. We were also lucky to receive an interest-free loan of £5000 from a generous donor and we hope to repay the loan by the end of the 2026 financial year.
## **6. Risk management**
- a. Funding is our main risk because we rely on public donations to promote our work. We manage this risk through fundraising activities, public donations, and grants.
- b. Another risk we face is the exposure to currency fluctuation. Every time the Great Britain Pound sterling is weakening, we receive less Ghana cedis at the other end.
End of Report
Computers to Ghana | A small charity with a BI G vision | Promoting educational development www.assuonfoundationtrust.org.uk
||**Assuon Foundation Trust**|**Assuon Foundation Trust**|**Assuon Foundation Trust**|||
|---|---|---|---|---|---|
||**Receipts and payments accounts**||||**CC16a**|
||**For the period**
**from**|1st April 2022|**To**|31st March 2023||
|||||||
|**Section A Receipts and payments**||||||
|**A1 Receipts**
Grant
KP loan
Public donation
**185**
ERC Project
**-**
**185**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 185**
**A3 Payments**
Logistic and Admin
**2,673**
Beneficiaries
**-**
Operations
**1,200**
**-**
**_Sub total_ 3,873**
**ERC Project**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 3,873**
**_Net of receipts/(payments)_ - 3,688**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**4,580**
**_Cash funds this year end_ 892**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**||**to the nearest £**
**5,000**
**-**
**55,260**
**60,260**
**-**
**-**
**-**
**60,260**
**-**
**1,175**
**-**
**1,175**
**69,215**
**-**
**69,215**
**70,390**
**- 10,130**
**-**
**11,790**
**1,660**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**-**
**5,000**
**185**
**55,260**
**60,445**
**-**
**-**
**-**
**60,445**
**2,673**
**1,175**
**1,200**
**-**
**5,048**
**69,215**
**-**
**69,215**
**74,263**
**- 13,818**
**-**
**16,370**
**2,552**|**Last year**
**to the nearest £**|
||||**-**
**-**
**-**
**-**|**-**|**2,000**|
|||||**5,000**||
|||||**185**|**180**|
|||||**55,260**|**28,491**|
|||||**60,445**|**30,671**|
|||||||
||||**-**
**-**
**-**|**-**||
|||||**-**|**-**|
|||||**-**|**-**|
|||||||
||||**-**|**60,445**|**30,671**|
|||||||
||||**-**
**-**
**-**
**-**
**-**|**2,673**|**332**|
|||||**1,175**|**-**|
|||||**1,200**|**-**|
|||||**-**|**-**|
|||||**5,048**|**332**|
|||||||
||||**-**
**-**
**-**|**69,215**|**16,701**|
|||||**-**||
|||||**69,215**|**16,701**|
|||||||
||||**-**|**74,263**|**17,033**|
|||||||
|||**- 10,130**|**-**
**-**
**-**
**-**|**- 13,818**|**13,638**|
|||**-**||**-**|**-**|
|||**11,790**||**16,370**|**2,731**|
|||**1,660**||**2,552**|**16,370**|
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
Cash balance
Cash balance on KP loan
**Details**
N/A
**Details**
N/A
**Details**
Educational Resource Center building
Fancy dress
PA System
Furniture
CCTV
White marker board
**Details**
KP loan
Signature
Nyame Ayeh Assuon
John Kweku Hadzor
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**7**
**2,545**
**-**
**-**
**7**
**2,545**
Agreement Error
Agreement Error
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
Restricted
**93,140**
Unrestricted
**-**
Unrestricted
**-**
Restricted
**3,000**
Restricted
**3,575**
Restricted
**701**
**-**
**-**
**-**
Resticted
**5,000**
**-**
**-**
**-**
**-**
Print Name
Nyame Ayeh Assuon
John Kweku Hadzor
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**to nearest £**
**Endowment**
**funds**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**50**|
||||**70**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
||Nyame Ayeh Assuon|Nyame Ayeh Assuon|1/20/2024|
||John Kweku Hadzor|John Kweku Hadzor|1/20/2024|
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees** Charity Name Assuon Foundation Trust **On accounts for the year** 2022-2023 **Charity no 1158335 ended (if any) Set out on pages** 1-2 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Date:** 28 January 2024 **Signed: Name:** Enny Yuliana Durman **Relevant professional** Student member of Association of Chartered Certified Accountants **qualification(s) or body** (2425321) **(if any):** BSc. Honour in Applied Accounting (Oxford Brookes University) **Address:** 3 Summerlock Mews, Fisherton Street Salisbury SP2 7QY
1
**Oct 2018**
**IER**
**Section B Disclosure**
**Give here brief details of any items that the examiner wishes to disclose** .
2
**Oct 2018**
**IER**