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2022-12-31-accounts

Trustees’ Annual Report for the period

From 01 January 2022 Period start date To 31 December 2022 Period end date

Charity name: Bassuah Legacy Foundation

Charity registration number: 1185562

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 ‘To relieve the needs of, and promote
social inclusion among, single parents
and their children, who are socially and
economically deprived, within the
London area, through the provision of:
a) Education, support and advice in
all areas relating to single
parenthood.
b) Facilities in the interests of social
welfare for recreation or other
leisure time occupation with the
object of improving their
conditions of life.’
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 1. Raising awareness of single
parenting
2. Promoting Health and Wellbeing
3. Empowerment through advocacy and
skill development
4. Celebrating and Motivating to remove
stigma
5. Promoting Social Inclusion
6. Provision of access to clean water
7. Education – Basic Education and
Adult Education Programmes
8. Employment Support
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Trustees have read guidance by the
Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making

Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 In UK:
HEALTH AND WELLBEING
PROGRAMMES
- Yoga and Pilates
- Mindfulness
- Dance
COMMUNITY ENTERPRISE
- Upcycle
- Community outreach
EMPLOYMENT & VOLUNTEER
PROGRAMME
- Training and support for members
SOCIAL INCLUSION ACTIVITIES
- Trip to London Zoo
- Trip to Ruislip Lido
- Trip to Legoland
- Monthly Coffee Mornings
In Ghana:
Social Inclusion Programme
ACE Events
•
Acknowledging,Celebrating,
Empowering single parents and
their dependant in hard times
•
Celebration – Women’s Day And
Mother’s Day with gifts
presentations and recreational
activities.
Education Programme
• Adult Education – Basic English
LanguageTraining in Literacy,
Numeracy.
• Education on essential
employability skills
• Skill Acquisition
• Trading Skill Development
• Engaging with old traders
• Drawing on previous experiences to
make improvements
Health and Wellbeing
• Health walks twice each month
• Participation by local members
in the London organised Yoga
classes.
• Joining zoom sessions for Yoga
and Bhangra classes

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 See attached financial statement
Statement explaining the
policy for holding reserves
statingwhy they areheld		 Para 1.22 See attached financial statement
Amount of reserves held Para 1.22 See attached financial statement
Reasons for holding zero
reserves		 Para 1.22 See attached financial statement
Details of fund materially in
deficit		 Para 1.24 See attached financial statement
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23
See attached financial statement
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted
Para 1.46
A description of the principal
risks facing the charity
Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:		 Trustees
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution of a Charitable
Incorporated Organisation whose only
voting members are its charity trustees
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Constitution of a Charitable
Incorporated Organisation (CIO)

Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees must be appointed by a
resolution passed at a properly
convened meeting of the charity
trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name BASSUAH LEGACY FOUNDATION

Other name the charity uses
Registered charity number 1185562

Charity’s principal address		 90 Goldhawk Road,
Shepherds Bush,
London, W12 8HD

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
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16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year
Name of
person (or
body)
entitled to
appoint
trustee (if
any)
Fidelis Bassuah
Isaac Sarbah
Philippa Gittens
Philip Obeng
Natasha Kataria

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

----- Start of picture text -----
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) FIDELIS BASSUAH
Position (eg CHAIR
Secretary, Chair, etc)
Date
29/10/2022
----- End of picture text -----

BASSUAH LEGACY FOUNDATION

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022 REGISTERED CHARITY (CIO) NO 1171546

LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL

1

BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR THE YEAR ENDED 31 DECEMBER 2022
Page
CONTENTS 2
Charity Information 3

Report of Directors/Trustees		 4-6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10
Detailed Income and Expenditure 11

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BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ADMINISTRATIVE/LEGAL INFORMATION

DIRECTORS/TRUSTEES Natasha Kataria…........Trustee Fidelis Bassuah……....Trustee Isaac Sarbah................Trustee Philippa Gittens ..........Trustee Philip Obeng.................Trustee REGISTERED OFFICE BASSUAH LEGACY FOUNDATION 90 Goldhawk Road, Shepherd`s Bush London W12 8HD BANKERS Metro Bank One Southampton Row LONDON WC1B 5HA INDEPENDENT EXAMINER London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL

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BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1171546 REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2022

The Directors/Trustees present their Annual Report and Financial Statement for the year ending 31 December 2022.

AIMS AND OBJECTIVES

To relieve the needs of, and promote social inclusion among, single parents and their children. Who are socially and economically deprived, within the London area, through the provision of:

A) Education, support and advice in all areas relating to single parenthood.

B) Facilities in the interests of social welfare for recreation or other leisure time occupation with the object of improving their conditions of life.

TRUSTEES REPORT

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service.

4

BASSUAH LEGACY FOUNDATION MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

FINANCIAL REVIEW

The results of the year’s operation are set out in the attached financial statements. The net movement in funds for the year amounted to £104. The retained reserves at 31st December 2022 amounted to £165.00

RESERVE POLICY

The Charity Commission requires charities to determine and explain their policy for free reserves. The trustees have reviewed the organisation’s free reserves policy and have turned its entire unrestricted fund into an emergency reserve to enable Bassuah Legacy Foundation to meet its obligations in the event of a shortfall in income or sudden upturn in expenditure.

RISK MANAGEMENT

The trustees have examined the major risks which Bassuah Legacy Foundation faces and believe that maintaining their free reserves at a reasonable level, combined with their annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

TANGIBLE FIXED ASSETS

The organisation has no fixed assets

FUNDS AVAILABLE

The present level of funding is adequate to support the continuation of the charity operations for the medium term, and the trustees consider the financial position of the charity to be satisfactory.

VOLUNTEERS

BASSUAH LEGACY FOUNDATION recognises the significant contributions made by the volunteers.

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BASSUAH LEGACY FOUNDATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing these financial statements, the management committee are required to:

The Trustees are responsible for keeping proper records which disclose at any time the financial position of the project. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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BASSUAH LEGACY FOUNDATION INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BASSUAH LEGACY FOUNDATION

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner’s report

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. (other than that disclosed below) which gives me cause to believe that in any material respect:

● The accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account give a ‘true and fair’ which is not a matter considered as part of the independent examination.

I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of this account to be reached.

Signed………………………………………………..Date:……………………… A Adebambo, MBA, ACMA, CGMA, ACG, For London Accountancy Practice. Sojourner Truth Centre 161 Sumner Road London SE15 6JL

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BASSUAH LEGACY FOUNDATION (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Fundl£l 1.410 22,254 23664 Restricted Fundl£) 21,863 2022 2021 Total{£) Totall£) 23,273 23,809 22,254 9480 45,627 33,289 INCOMING RESOURCES Voluntary Income & Donatsor Sales Revenue Total Incoming Resources 21,863 RESOURCES EXPENDED 23,994 21,429 45,423 48,218 Direct cha￿tab￿ Costs 23,994 21,429 45,423 48,218 Net IncomirKJ Resources 330 434 104 -14929 Balance Brought Fo￿ard -8768 8,829 61 149 Transfer offuTrJs 9260 _ 9,260 Balance Camed Forward 162 165 61

BASSUAH LEGACY FOUNDATION ICIO) BALANCE SHEET AS AT31 DECEMBER 2022 CURRENT ASSET 2022 2021 Cash at Bank 19,741 19,587 CURRENTLIABILITIES Creditors and Accrua 19576 166 19.526 61 FINANCED BY FUNDS. Unrestricted FurKI Reslricted FutKJ 162 768 8829 61 165 Approved by the &)ard of Trustees on........11 th Aug.USt .2023 and signed on its behalf by Fidelis Bassuah ..Trustee

BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1171546 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

1.1 Basis of Preparation of Financial Statements

1.2 Incoming Resources

1.3 Restricted Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.

1.4 Unrestricted Funds

Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds.

1.5 Designated Funds

Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

1.6 Tangible Fixed Assets

All expenditure that related to equipment has been charged to the Statement of Financial Activities in the year of acquisition. A register of assets is maintained.

maintained.
2022 2021
2. CREDITORS
£ £
Accountancy Fee 550 500

10

  1. Included in the creditor figure is the trustees’ loan to the charity.

This provision is made in the accounts should the trustees decide at one stage to claim their money from the charity. The trustees’ loan to the charity is £19026.00

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BASSUAH LEGACY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BASSUAH LEGACY FOUNDATION Respective responsibilities of trustses and examiner The charty's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act,. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordan￿ with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters The procedures undertaken do not provide all the eviden￿ that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examinerfs report I have completed my examination. I confim that no material matters have come to my attention in connection with the examination. (other than that disclosed below) which gives me cause to believe that in any material respect: The accounting records were not kept in accordance wrth the section 130 of the Charities Act., or The accounts did not accord with the accounting records; or The accounts dKI not comply wrth the applicable requirements Con￿rning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account give a 'true and fai which is not a matter a matter considered as part of the independent examination. I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of this account to be reached. Signed.. A Adebam For London Accountancy Practi Sojourner Truth Centre 161 Sumner Road London SE15 6JL