2023-03-31-accounts - The Ben-Umar Foundation

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Trustees’ Annual Report for the period

From 1 April 2022 To 31 March 2023

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
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 finalised setting up the relevant grant processes and relevant monitoring tools to enable them to commence work in the next financial period. This included establishing grant application forms, agreements and monitoring forms, as well as setting up anti-money laundering and anti-terrorism policies.

In addition, continuing discussions were held with possible grant recipients in northern Nigeria, with the hope that the first grant will be made in early 2024.

Financial Review

The charity incurred a deficit of £15 in the year (2022: surplus of £31), with all funds held at year end - £19 (2022: £34) 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 124 City Road London EC1V 2NX 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)

Zaynab Ben-Umar (Jan 29, 2024 09:42 GMT)

Full name(s) Zaynab Ben-Umar

Position (eg Secretary, Chair Chair, etc) Date 29 January 2024

The Ben-Umer Foundation		1182421
Receipts andpayments accounts			CC16a
01/04/2022 For the period from	To	31/03/2023

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donations	780	-	-	780	1,090
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	780	-	-	780	1,090

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					1,090

Consultancysupport	732				-
Office support	-				1,059
Bank fees	63				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	795				1,059

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*
					1,059

	- 15				31
	-				-
	34				3
	19				34

CCXX R1 accounts (SS)

26/01/2024

Section B Statement of assets and liabilities at the end of the period

Cash at bank Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds to nearest £ 19 - - 19 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs	Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional)	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-
Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
Details	Fund to which liability relates	Amount due (optional)	When due (optional)
		-
		-
		-
		-
		-
Signature Zaynab Ben-Umar (Jan 29, 2024 09:42 GMT)	Print Name Zaynab Ben-Umar
			Date of approval
Zaynab Ben-Umar (Jan 29, 2024 09:42 GMT)	Zaynab Ben-Umar		29/01/2024

CCXX R2 accounts (SS)

26/01/2024