## **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: - 1. Ms. Sheila Abia-Okon – Chair (Resident in UK) 2. Mrs. Bukky Nuru – Secretary (Resident in Nigeria) 3. Mrs. Funmi Elelu – (Resident in Nigeria) 4. 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**|