BHAMUSON FOUNDATION CHARITY
Trustees’ Annual Report for the Period 1[st] April 2022 to 31[st] March 2023
The trustees present their report together with a financial statement for the period from the commencement of 1[st] April 2022 to 31[st] March 2023. 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 2022/23, 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 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
Bhamuson Foundation Charity Annual Report Page 1 of 4
BHAMUSON FOUNDATION CHARITY
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 2022/23 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 2022/23 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
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.
Alore ‘B’ 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 2022/23 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.
Oyatedo Oro Ago 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 2022/23 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.
Bhamuson Foundation Charity Annual Report Page 2 of
4
BHAMUSON FOUNDATION CHARITY
Ogunyin/Oke Ayin 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 2022/23 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.
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 £140 from UK donors.
Funds Spent
This has been another challenging year, as the charity did not meet the book target, however £1000 was spent sponsoring 26 under privilege children (@ approximately £38.5 per child).
Our Target/Performance
One of our objectives was to raise £150 including gifts, which we unfortunately did not achieve due to the pandemic. Instead, the charity only received £140. Nevertheless, COVID 19 has put an enormous strain on the world economy, with many families and business suffering great financial losses.
Future plans
For 2023/24 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 26 under privileged Children. For the coming year we hope to start collecting book donations.
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.
Approved and signed on behalf of the trustees
Bhamuson Foundation Charity Annual Report Page 3 of
4
BHAMUSON FOUNDATION CHARITY
Sheila Abia-Okon Hauwa Nuru Chair Secretary Date: 3[rd] March 2024 Date: 3[rd] March 2024
Bhamuson Foundation Charity Annual Report Page 4 of
4
| Bhamuson Foundation Charity | Bhamuson Foundation Charity | Bhamuson Foundation Charity | Bhamuson Foundation Charity | Bhamuson Foundation Charity | CC16a | |
|---|---|---|---|---|---|---|
| Receipts and Payments Accounts | ||||||
| For the period from |
4/1/2022 | To | 3/31/2023 | |||
| Section A Receipts and payments | ||||||
| A1 Receipts 1)Donations(UK + NIG) 2)Sponsor a Child 140.0 3)Book Donation Gift(UK) - 4)Book Donation Gift(NIG) - - - 140 - - Sub total - Total receipts 140 A3 Payments 1)Sponsored Children 1,000 2)Book Donation Gift(NIG) - 3)Bhamuson .orgweb charge - - 5)Book Donation Gift(UK) - - - - Sub total 1,000 - - Sub total - Total payments 1,000 Net of receipts/(payments) - 860 A5 Transfers between funds - A6 Cash funds last year end 4,002 Cash funds this year end 3,142 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). 4)Uk Books sea freight charges 2020/2021 A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Endowment funds |
Total funds to the nearest £ - 140 - - - - - - 140 - - - 140 1,000 - - - - - - - - 1,000 - - - 1,000 - 860 - 4,002 3,142 |
Last year to the nearest £ |
||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| Bhamuson Foundation Charity | Bhamuson Foundation Charity | Bhamuson Foundation Charity | Bhamuson Foundation Charity | CC16a | |
|---|---|---|---|---|---|
| Receipts and Payments Accounts | |||||
| For the period from |
4/1/2022 | To | 3/31/2023 | ||
| 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 in Bank Accounts Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 3,142 - - - - - 3,142 - OK OK to nearest £ to nearest £ - - Cost (optional) - Cost (optional) - - Print Name Hauwa Nuru Sheila Abia-Okon 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) |
|||||
| - | |||||
| - | |||||
| When due (optional) |
|||||
| - | |||||
| Date of approval |
|||||
| Hauwa Nuru | 3/3/2024 | ||||
| Sheila Abia-Okon | 3/3/2024 |