Bhamuson Foundation Charity Receipts and Payments Accounts CC16a 4/1/2023 To 3/31/2024 ~~pT~~ °
| Bhamuson Foundation Charityy ~~i~~ |
° | ||
|---|---|---|---|
| Receipts and Payments Accounts 4/1/2023 To 3/31/2024 For the period from ~~i~~ ~~pT~~ |
CC16a ° |
||
| Section A Receipts and payments | |||
| Total funds Unrestricted funds Restricted funds Endowment funds |
Last year | ||
| to the nearest £ to the nearest £ to the nearest £ to the nearest £ |
to the nearest £ | ||
| A1 Receipts 1)Donations(UK + NIG) 133 - - 133 2)Sponsor a Child - - - 3)Book Donation Gift(UK) 1,000 - - 1,000 4)Book Donation Gift(NIG) - - - - - - - - - - - - - - - - - - 1,133 - - 1,133 Sub total(Gross income for AR) ~~a~~ ~~ee~~ ~~a~~ ~~se~~ ~~ |
~~ | ||
| - - - - - - - - Sub total - - - - Total receipts 1,133 - - 1,133 A3 Payments 1)Sponsored Children - - - 2)Book Donation Gift(NIG) - - - - 3)Bhamuson .orgweb charge - - - - 1,276 - - 1,276 5)Book Donation Gift(UK) 1,000 - - 1,000 - - - - - - - - - - - - - - - Sub total 2,276 - - 2,276 A2 Asset and investment sales, (see table). 4)Uk Books sea freight charges 2020/2021 ~~a~~ ~~a~~ ~~rl~~ ~~95~~ |
~~9~~ ~~a~~ ~~se~~ ~~a~~ ~~ee~~ ~~se~~ ~~ |
~~ | |
| - - - - - - - - Sub total - - - - Total payments 2,276 - - 2,276 A4 Asset and investment purchases, (see table) ~~a~~ ~~a~~ ~~—————————————~~ ~~9~~5~~RR~~ |
~~9~~ | ||
| Net of receipts/(payments) - 1,143 - - - 1,143 - A5 Transfers between funds - - - - - A6 Cash funds last year end 3,142 - - 3,142 - Cash funds this year end 1,999 - - 1,999 - ~~ |
~~ ~~==~~ ~~==~~ ~~Le~~ |
|Bhamuson Foundation Charity
Receipts and Payments Accounts
Z|
CHARITY~~ee~~|Bhamuson Foundation Charity
Receipts and Payments Accounts
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CHARITY~~ee~~|||CC16a
v.|
|---|---|---|---|---|
||4/1/2023
To
3/31/2024
For the period
from
~~ee~~
~~ee~~||||
|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||||
||Unrestricted
Restricted|||Endowment|
|Categories|Details
funds
funds|||funds|
||to nearest £
to nearest £|||to nearest £|
|B1 Cash funds|Cash in Bank Accounts
1,999
-
-
-
-
-
1,999
-
Total cash funds
~~Sj~~||-
-
-
-
~~||[Ld~~||
||OK
OK
(agree balances with receipts and payments
account(s))|||OK|
||Unrestricted
Restricted|||Endowment|
||funds
funds|||funds|
||Details
to nearest £
to nearest £|||to nearest £|
|B2 Other monetary assets|-
-
Details
Cost (optional)
Fund to which
asset belongs
~~9~~
~~9~~||~~9~~|-
Current value
(optional)
~~9~~|
|B3 Investment assets|-
Details
Cost (optional)
Fund to which
asset belongs
~~a~~
9|||-
Current value
(optional)|
|B4 Assets retained for the
charity’s own use|-
-
Fund to which
Amount due
~~ee|~~||||-
-
When due|
||Details
liability relates
(optional)|||(optional)|
|B5 Liabilities|~~[[_~~
~~J]~~|||-|
|Signed by one or two trustees on
behalf of all the trustees|Signature
Print Name|||Date of
approval|
||Hauwa Nuru
Sheila Abia-Okon
~~ze[~~|||1/15/2025
1/15/2025|
BHAMUSON FOUNDATION CHARITY
Trustees’ Annual Report for the Period 1[st] April 2023 to 31[st] March 2024
The trustees present their report together with a financial statement for the period from the commencement of 1[st] April 2023 to 31[st] March 2024. Bhamuson is a Charitable Incorporated Organisation registered with the Charity Commission under registration number 1172860.
Our Mission Statement
Our aim, as reflected in the objectives 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 ten 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 2023/24, 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. The charity however did receive over 900 books in donations. The cost of transporting the books to Nigeria has proven uneconomical and not sustainable. The economic climate in Nigeria is extremely challenging.
The charity has been unable to sponsor any children for 2023/24 academic year. This is because parents/guardians are withdrawing their children from schools without warning. For 2024/25 academic year, the charity needs to evaluate it’s continued existence.
Our Achievements
This year our achievements continued to be hampered by the impact of post the pandemic. Un fortunately the charity was only able to distribute donated books to the schools associated with the charity. Parents
Bhamuson Foundation Charity Annual Report Page 1 of
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BHAMUSON FOUNDATION CHARITY
and guardians are struggling to send their kids to school. Fortunately, the 900 books donate as gifts were distributed between the schools.
Adeta Primary School, Ilorin, Nigeria
Book donation
As part of our objectives to assist children we donated 300 books to the school. The books were a combination of numeracy, literacy, mathematics, general knowledge, reading books and exercise books.
Apalara Adewole Primary School, Ilorin, Nigeria
Book donation
As part of our objectives to assist children we donated 150 books to the school. The books were a combination of numeracy, literacy, mathematics, general knowledge, reading books and exercise books.
Oke Pakata Primary School, Ilorin, Nigeria
Book donation
As part of our objectives to assist children we donated 150 books to the school. The books were a combination of numeracy, literacy, mathematics, general knowledge, reading books and exercise books.
Alore ‘B’ Primary School, Ilorin, Nigeria
Book donation
As part of our objectives to assist children we donated 100 books to the school. The books were a combination of numeracy, literacy, mathematics, general knowledge, reading books and exercise books.
Oyatedo Oro Ago Primary School, Ilorin, Nigeria
Book donation
As part of our objectives to assist children we donated 100 books to the school. The books were a combination of numeracy, literacy, mathematics, general knowledge, reading books and exercise books.
Ogunyin/Oke Ayin Primary School, Ilorin, Nigeria
Book donation
As part of our objectives to assist children we donated 100 books to the school. The books were a combination of numeracy, literacy, mathematics, general knowledge, reading books and exercise books.
Bhamuson Foundation Charity Annual Report Page 2 of
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BHAMUSON FOUNDATION CHARITY
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 monetary value of £133 from UK donors.
Funds Spent
This has been another challenging year, as the charity has not been able to raise funds. In addition cost of transporting gift donated book to Nigeria is not economical and or sustainable in the long term.
Our Target/Performance
One of our objectives was to raise £150 including gifts, which we unfortunately did not achieve due to the long term effects from the pandemic. Instead, the charity only received £133. Nevertheless, COVID 19 has put an enormous strain on the world economy, with many families and business suffering great financial losses.
Future plans
For 2024/25 we intend to set more realistic goals to reflect the current economic climate due post COVID 19. We aim to focus on raising a minimum of £100 to meet. The number of book donations will reduce as transportation costs is too high.
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
Sheila Abia-Okon Hauwa Nuru Chair Secretary Date: 15[th] January 2025 Date: 15[th] January 2025
Bhamuson Foundation Charity Annual Report Page 3 of
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