2022-03-31-accounts - Bhamuson Foundation Charity

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BHAMUSON FOUNDATION CHARITY

Trustees’ Annual Report for the Period 1[st] April 2021 to 31[st] March 2022

The trustees present their report together with a financial statement for the period from the commencement of 1[st] April 2021 to 31[st] March 2020. Bhamuson is a Charitable Incorporated Organisation registered with the Charity Commission under registration number 1172860.

Our Mission Statement

Our aim, as reflected in the objects of the charity, to help under-privileged children in Nigeria and other developing nations, primarily by assisting children attending primary schools from the age of 3 to 16 years old. We intend to do this by assisting underfunded and dilapidated primary schools in the refurbishment of classrooms to provide a conducive learning environment for the children, and providing educational/stationery supplies, including textbooks and reading books covering the school curriculum. In addition, we sponsor children not able to pay the school levies or afford their school uniforms. This is achieved by raising funds and receiving gift donations from generous donors.

Our Organisation

The charity is a very small organisation, set up to provide a great start to the educational life of young children. The charity is made up of four trustees and twenty volunteers giving their time, without receiving any remuneration or other benefits. The trustees are: -

Ms. Sheila Abia-Okon – Chair (Resident in UK)
Mrs. Bukky Nuru – Secretary (Resident in Nigeria)
Mrs. Funmi Elelu – (Resident in Nigeria)
Mr. Komi Omadoye – (Resident in UK)

Overview

The main objective of the Foundation for 2021/22, was to continue to provide much-needed books to schools we felt need our support and sponsor at least 24 under privileged children. Unfortunately, the impact of COVID 19, high energy costs and general cost of living has grossly hampered the activities of charity. Hence unable to raise funds or accept book donations from family & friends. The charity however did maintain the number of children the charity sponsored.

Our Achievements

This year our achievements have been hampered by the impact of post the pandemic. Nevertheless, we were able to meet one of last year objectives of maintaining the number of children we sponsor. This gives us immeasurable joy to be able to still be in the position to

Bhamuson Foundation Charity Annual Report Page 1 of 4

BHAMUSON FOUNDATION CHARITY

help 24 less privileged children pay their levy fees, lesson fees, PTA fees and provide them with complete school uniforms, bags, books and stationeries. In actual fact it costs no more than £40 per child per year. These children were sponsored from the six previous schools Oke Pakata, Alore ‘B’, Oyatedo Oro Ago, & Ogunyin/Oke Ago, Apalara Adewole & Adeta schools.

Adeta Primary School, Ilorin, Nigeria

Sponsor a Child

As part of our objectives to assist children we sponsored six children for the 2021/22 academic year. Our sponsorship included paying for an annual school levy, the provision of an educational pack which included mathematical set, pencils, pens, sharpener, ruler, exercise books, school uniforms, shoes and a school bag.

Apalara Adewole Primary School, Ilorin, Nigeria

Sponsor a Child

As part of our objectives to assist children we have continued to sponsor the four children for the 2021/22 academic year. Our sponsorship included paying for an annual school levy, the provision of an educational pack which included mathematical set, pencils, pens, sharpener, ruler, exercise books and a school bag.

Oke Pakata Primary School, Ilorin, Nigeria

Sponsor a Child

Alore ‘B’ Primary School, Ilorin, Nigeria

Sponsor a Child

Oyatedo Oro Ago Primary School, Ilorin, Nigeria

Sponsor a Child

Bhamuson Foundation Charity Annual Report Page 2 of 4

BHAMUSON FOUNDATION CHARITY

Ogunyin/Oke Ayin Primary School, Ilorin, Nigeria

Sponsor a Child

Financial Review

Donations Received

The charity’s principal sources of funding are from the generous donations received from the trustees, their family, friends and work colleagues. COVID has resulted in the charity generating only £145 from UK donors.

Funds Spent

This has been a challenging year, as the charity did not meet the book target, however £500 was spent sponsoring 26 under privilege children (@ approximately £19 per child).

Our Target/Performance

One of our objectives was to raise £300 including gifts, which we unfortunately did not achieve due to the pandemic. Instead, the charity only received £145. Nevertheless, COVID 19 has put an enormous strain on the world economy, with many families and business suffering great financial losses.

Future plans

For 2022/23 we intend to set more realistic goals to reflect the current economic climate due post COVID 19 and the Ukraine war. We aim to focus on raising a minimum of £150 to meet maintaining the sponsoring of 24 under privileged Children. For the coming year our book project will be put on hold.

Our open invitation to the readers of our annual report is to support our plans, by considering making regular donations to our charity. On behalf of the Trustees, we thank all our volunteers and donors for their generous support.

Bhamuson Foundation Charity Annual Report Page 3 of 4

BHAMUSON FOUNDATION CHARITY

Approved and signed on behalf of the trustees

Sheila Abia-Okon Chair

Hauwa Nuru Secretary

Date: 24[th] January 2022

[th] January 2022

Bhamuson Foundation Charity Annual Report Page 4 of 4

Bhamuson Foundation Charity Receipts and Payments Accounts

For the period from

4/1/2021 To 3/31/2022

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Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
1) Donations (UK + NIG) - - -
2) Sponsor a Child 144.8 - - 145
3) Book Donation Gift (UK) - - - -
4) Book Donation Gift (NIG) - - -
- - -
- - - -
- - - -
- - - -
145 - - 145
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 145 - - 145
A3 Payments
1) Sponsored Children 500 - - 500
2) Book Donation Gift (NIG) - - - -
3) Bhamuson .org web charge - - - -
4)Uk Books sea freight charges 2020/2021
- - - -
5) Book Donation Gift (UK) - - - -
- - -
- - - -
- - - -
- - - -
Sub total [ 500 ] - - 500
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 500 - - 500
Net of receipts/(payments) - 355 - - - 355
A5 Transfers between funds 500 - - 500
A6 Cash funds last year end 3,877 - - 3,877
Cash funds this year end 4,022 - - 4,022
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Bhamuson Foundation Charity Receipts and Payments Accounts

For the period 4/1/2021 To 3/31/2022 from

Section B Statement of assets and liabilities at the end of the period

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Details to nearest £ to nearest £ B1 Cash funds Cash in Bank Accounts 4,022 - - - - - 4,022 - OK OK Details to nearest £ to nearest £ B2 Other monetary assets - - Details Cost (optional) B3 Investment assets - Details Cost (optional) - - Details B5 Liabilities Signature Print Name Hauwa Nuru Sheila Abia-Okon Unrestricted funds Restricted funds *Total cash funds* (agree balances with receipts and payments account(s)) Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs B4 Assets retained for the charity’s own use Fund to which liability relates Amount due (optional) Signed by one or two trustees on behalf of all the trustees
	Hauwa Nuru
	Sheila Abia-Okon

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CC16a
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Last year to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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CC16a
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Endowment funds to nearest £

Current value (optional) - Current value (optional) - - When due (optional)

- Date of approval 1/3/2023 1/3/2023