Trustees’ Annual Report for the period
From 1 April 2020 To 31 March 2021
Charity name: The Ben-Umar Foundation
Charity registration number: 1182421
Objectives and Activities
The objects of the CIO are:
-
to advance education in northern Nigeria, particularly but not exclusively by improving the literacy and numeracy of children and families; and
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to further such exclusively charitable purposes according to the law of England and Wales as the Trustees from time to time determine.
To fulfil these objects the CIO provides grant funding to registered UK charities and local nongovernmental organisations to support education projects in northern Nigeria.
Throughout the process of determining these activities, the Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.
Achievements and Performance
During the current period the Trustees spent their time setting up the relevant grant processes and relevant monitoring tools to enable them to commence work in the next financial period. This includes establishing grant application forms, agreements and monitoring forms, as well as setting up anti-money laundering and anti-terrorism policies.
In addition, initial discussions were held with possible grant recipients in northern Nigeria, with the hope that the first grant will be made in early 2022.
Financial Review
The charity achieved a surplus of £3 in the year, with all funds held at year end (£3) unrestricted as to use.
The Trustees are in the process of setting up a reserves policy based on future plans for grant expenditure and other expenditure, but with no committed liabilities at year end are happy with the reserves stated above.
Structure, Governance and Management
Governing document
The Trustees administer the CIO under the terms of its governing document, it’s constitution. It is registered with the Charity Commission in England and Wales, registration number 1182421.
Recruitment and appointment of Trustees
New Trustees are appointed by the existing Trustees based on the skills and knowledge required by the organisation at that point in time.
All new Trustees are inducted by the current board and provided with copies of the constitution and the latest annual report and accounts for their information, as well as to help them form an understanding of the work of the Charity.
All Trustees give their time voluntary and received no remuneration or other benefits.
There must be at least three Trustees and no maximum number. If the number falls below this minimum, the remaining Trustee or Trustees may act only to call a meeting of the Trustees, or appoint a new Trustee.
Apart from the first Trustees, every Trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the Trustees or in writing.
Reference and Administrative details
Charity name The Ben-Umar Foundation Charity registration no. 1182421 Registered office CityPoint 1 Ropemaker Street London EC2Y 9HT Trustees Ms Zaynab Ben-Umar Mr James Barlex Mr Raymond Maslin
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Zaynab Ben-Umar Position (eg Secretary, Trustee Chair, etc) Date 28 January 2022
| The Ben-Umer Foundation | 1182421 | ||
|---|---|---|---|
| Receipts andpayments accounts | CC16a | ||
| 01/04/2020 For the period from |
To | 31/03/2021 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 3,755 - - - - - - - 3,755 - - - 3,755 1,879 973 900 - - - - - - 3,752 - - - 3,752 3 - - 3 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 3,755 - - - - - - - 3,755 - - - 3,755 1,879 973 900 - - - - - - 3,752 - - - 3,752 3 |
Total funds to the nearest £ 3,755 - - - - - - - 3,755 - - - 3,755 1,879 973 900 - - - - - - 3,752 - - - 3,752 3 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 3,755 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
3,755 | - | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
| Consultancysupport | 1,879 | - | ||||
| Office support | 973 | - | ||||
| Legal fees | 900 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 3,752 | - | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | ||||||
| 3 | - | - | 3 |
- | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 3 | - | - | 3 | - |
CCXX R1 accounts (SS)
27/01/2022
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Cash at bank Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 3 - - - - - 3 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Zaynab Ben-Umar |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Zaynab Ben-Umar | 28 January 2022 | ||
CCXX R2 accounts (SS)
27/01/2022
2