## **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**
Z|
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: - 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 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 **3** ## **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 **3** ## **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 **3**