## **Trustees’ Annual Report for the period**
## **From 01 January 2023 Period start date To 31 December 2023 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|**Raise Awareness**
**Raise awareness in the local and greater**
**community of the needs and existence**
**of single parent families.**
**Improve Mental & Physical Health**
**Provide services and programmes to**
**improve both the mental and physical**
**health of our members, inclusive of their**
**families.**
**Build Confidence**
**Encourage and support the members in**
**growing confidence as parents and as**
**individuals.**
**Motivate and Inspire Role Models**
**Provide services and programmes that**
**encourage personal growth within the**
**membership to give opportunities for**
**members to lead by example.**
**Build a Supportive Community**
**Build a community in which single**
**parents and their families have others to**
**lean on.**|
Statement confirming Para 1.18 **Trustees have read guidance by the** whether the trustees have **Charity Commission on public benefit.** had regard to the guidance issued by the Charity Commission on public benefit
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38||
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38||
|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|**SOCIAL INCLUSION ACTIVITIES**
- Trip to Whipsnade Zoo
- Trip to Southend on Sea
- Monthly Coffee Mornings
**PROGRAMMES**
HEALTH AND WELLBEING
PROGRAMMES
- Yoga and Pilates
- Mindfulness
- Bhangra Dance
EMPLOYMENT & VOLUNTEER
PROGRAMME
- Money Management Course
- Ongoing volunteer training for members
**GENERAL SERVICES**
- Free Essential Shopping
- Free advice and advocacy|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|**See attached Impact Report**|
|---|---|---|
||Para 1.41||
|Performance of fundraising
activities against objectives
set|||
|---|---|---|
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**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
stating why they are held|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**
||**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (if any)**|
|---|---|---|---|---|
|1|Fidelis Bassuah||||
|2|Isaac Sarbah||||
|3|Philippa Gittens||||
|4|Philip Obeng||||
|5|Natasha Kataria||||
|6|Finbarr Bassuah||||
|7|||||
|8|||||
|9|||||
|10|||||
|11|||||
|12|||||
|13|||||
|14|||||
|15|||||
|16|||||
|17|||||
|18|||||
|19|||||
|20|||||
– 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)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**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. Signed on behalf of the charity’s trustees**
|**Signature(s)**|||
|---|---|---|
||||
|**Full name(s)**|PHILIP OBENG||
||||
|**Position (eg**
**Secretary, Chair,**
**etc)**|TRUSTEE||
||||
|**Date**|06/07/2024||
Bassuah Legacy
Foundation
Impact Report 2023
BQSSUAH LEGQCV
FOUNDATION
## Table of Contents
- **4** Our Team
- **5** Foreword
- **6** Our Mission
- **7** Our Approach
- **8** Our Strategy
- **9** Year in Numbers
- **11** Impact
- **22** Our Membership
- **25** Outreach
- **26** Looking Forward
- **29** Financial Report
_2023 Bassuah Legacy Foundation Impact Report_ 2
.'A**.?..,
## Our Team
## CEO & FOUNDER
## Dr. Christina Konadu
## TRUSTEES
Fidelis Bassuah Finbarr Bassuah Natasha Kataria Philippa Gittens Philip Obeng Isaac Sarbah
## FINANCE TEAM
Helder Estima Bridget Kens Mark McTaggart
## PATRON
Jamie Meyer
## 2023 FUNDERS
The National Lottery Hammersmith United Running Costs Garfield Weston Foundation Hammersmith United Beacon Lodge Archer Trust
MEMBER LEADERSHIP Caroline Attoley-Annon Eva Averdung Kylie Sampson Lacey Paulson Malaika Sundiata
Hammersmith and Fulham CC Fast Track City Bridge Foundation Daisy Trust AKO Foundation
Ruth Tekli
Sandra Santos
_2023 Bassuah Legacy Foundation Impact Report_ 4
## Foreword
In 2023, the remarkable growth of our charity has been nothing short of extraordinary. The growth in membership has been explosive, reflecting a widespread recognition of the crucial role our organization plays in the lives of our membership and the wider community. Our expanded slate of programme offerings has allowed us to cater to the diverse needs of our members, providing them with a much needed support system.
What has truly set this year apart is the deepening connection we've cultivated with our members. The continued positive interactions between the leadership and the membership themselves has resulted in a massive uptick in their involvement, as evidenced by a significant increase in volunteering, the number of members that have become re-engaged, and the invaluable feedback they've generously shared. This dynamic engagement serves as a testament to the impact we're making, propelling us forward with confidence and enthusiasm into the years ahead.
I look forward to continuing the journey we have begun with Bassuah Legacy Foundation and changing lives of both our members and the community around us.
Dr. Christina Konadu CEO & Founder
_2023 Bassuah Legacy Foundation Impact Report_ 5
## Our Mission
At the Bassuah Legacy Foundation, we believe in the power of community, resilience, and the strength that lies within every single-parent family. Our mission is rooted in the conviction that no one should face the challenges of single parenthood alone. We are dedicated to creating a supportive haven for single parents, where they can find not only assistance but also a network of understanding and encouragement.
Our charitable objectives are not just a list of goals; they are a commitment to building a community where single-parent families thrive, children flourish, and long-shelved dreams can become a reality.
_2023 Bassuah Legacy Foundation Impact Report_ 6
## Our Approach to Effecting Change
Improving the everyday life of a single parent can be daunting; so much so that many boroughs, organisations, and communities struggle to know where to begin. After conducting thorough research we identified five key areas in which we have focused since our founding in 2019.
## AIMS & OBJECTIVES
## RAISE AWARENESS
Raising awareness of single parenting to combat the stigma associated with being from a single parent household.
## IMPROVE MENTAL & PHYSICAL HEALTH
Encourage single parents and their dependants to become proactive in taking care of their mental and physical health.
## BUILD CONFIDENCE
Through our various support programmes we aim to build the confidence of single parents and their dependents.
## MOTIVATE & INSPIRE ROLE MODELS
Recognising efforts and achievements through our various events and in particular a yearly awards event.
## BUILD A SUPPORTIVE COMMUNITY
We promote social inclusion by integrating single parents within the community and building a reliable network of resources.
_2023 Bassuah Legacy Foundation Impact Report_
7
## Our Strategy 2023 - 2027
At BLF, we understand how important it is to keep your eye on the future and the ways in which you can change it. In 2022 we set out a 5-year plan that acts as a road map for change. It gave us measurable KPI’s that keep us focused while delivering on the promises we make to our membership daily.
Launched 1st January 2023, we are happy to report that we have surpassed all of our KPI goals for Year 1, which is explored further on page 11.
Increase Membership
Annual Schedule & Budget
Sales Targets
Supplemental Funding
Annual Impact Report
_2023 Bassuah Legacy Foundation Impact Report_ 8
## Our Year in Numbers
membership increase in 2023 **90% 143** new members **237** new dependents
**760**
volunteer hours given to BLF
**+ 65 65 34**
families taken on BLF trips individuals received work experience and employment support
number of events & programmes
**21**
boroughs in Greater London
_2023 Bassuah Legacy Foundation Impact Report_ 9
## Our Year in Numbers
## INCOME
**£257,103** Total Funding **70.8%** of that for spend in 2024-2027
**53.1%** Increase from Funding in 2022.
We secured **9** new funding sources.
## PARTNERSHIPS
Of our many incredible donors, we have secured 2 on-going sources of funding and are actively searching for additional.
This 5-year grant began at the start of 2023. As we enter Year 2, this grant has assisted in growing the organisation and directly impacting our sustainability going forward.
A 3-year grant approved in mid-2023. This grant goes a long way to help BLF improve their service offerings to members.
_2023 Bassuah Legacy Foundation Impact Report_ 10
**----- Start of picture text -----**
Impact
**----- End of picture text -----**
BLF supports its membership by providing Events, Programmes and General Services that help to achieve the 5 Aims & Objectives. The next few pages highlight the offerings from the past year.
11
## Impact At A Glance
Are likely to return to another event or **97%** programme.
_“_
_This event shows me that_ _**there are people and organisations that still care about single family homes** and mental health issues facing our community today, this was well needed break with my family. ” Thank you BLF._
Left our events and programmes having had a **97%** positive experience.
_“ Thank you for the amazing opportunity for my family we wouldn’t be able to do without you guys._ _**We loved it and made wonderful memories to last a lifetime.** ”_
Feel like they’re part of a community.
**98** ~~**%**~~
_“_
_I had a great time especially with the space and the freedom to chat and move about. All the members who came too were nice and friendly._ _**It really did feel like a family gathering.** ”_
_2023 Bassuah Legacy Foundation Impact Report_ 12
hi, Ji
## Our Offerings in 2023
PROGRAMMES EVENTS 7 Programmes 30 Events 238 Programme Attendees 685 Event Attendees
EVENTS 30 Events
## GENERAL SERVICES
6 General Services Offered
130 Members used General Services
_2023 Bassuah Legacy Foundation Impact Report_ 14
## Events
Throughout the year, BLF hosts a myriad of events in the hope to bring our community together. We constantly strive to build a supportive community in which not only the charity is offering help - but our members as well.
Our 2023 events are below along with the numbers of attendees!
**----- Start of picture text -----**
246 Coffee Morning
16 Easter Egg Hunt
Single Parents
85
Appreciation Night
68 Summer Get Together / AGM
132 Whipsnade Zoo Trip
131 Southend-on-Sea Trip
101 Winter Get Together / AGM
8 Volunteer / Staff Outing
**----- End of picture text -----**
15
## Events
## WHIPSNADE ZOO 27 July 2023
After the overwhelmingly positive feedback from our London Zoo trip in 2022, we decided to venture a little further out and take our membership to Whipsnade Zoo in July 2023. With **132** of our members participating, the zoo trip was the perfect chance for our members to relax and bond with one another in a friendly and safe environment.
_“ Great trip! My daughter had fun; was very nice to see her enjoying herself on a trip we wouldn’t have been able to do without BLF. ”_
## _“_
_It was great to make such valuable memories with my family and amazing opportunity to meet other members of our community. ”_
_“_
_Very happy, open minded, open space, and seeing the animals relieved my stress. This event was very good for my mental health. ”_
16
## Events
## SOUTHEND-ON-SEA 24 August 2023
This past August, **131** of our members joined us on a trip to Southend-On-Sea. Despite beginning the overcast morning with a light drizzle, we loaded the **two** coaches and set off to the sea!
Excited parents, children, and volunteers smiled as the day became a bright and sunny one. Laughter sounded along the shoreline as parents relaxed, exchanged stories, and formed a close-knit bond while their children revelled in the sun, waves, and newfound friendships. The free trip not only provided a welcome escape but also fostered a supportive network, creating cherished memories for both parents and children alike.
17
## Programmes
Our Programme offerings vary year to year, depending on the wants and needs of our greater membership. This year we had **Pilates & Conditioning** , **Yoga & Mindfulness** , and **Bhangra Dance** . During the year, our members requested programmes beyond the physical. We introduced a Safeguarding Course and a Money Management Course - which was our highest attended Programme to date!
_“ [This course has been] extremely beneficial. I feel so much more knowledgeable. This is bettering my life and my situation plus my outlook on what success is encompassed of. ”_
18
## General Services
While supporting our members through activities, events, and programmes is much appreciated, we know the need for more traditional support exists. Many unexpected things arise when lone parenting and we strive to be the sounding board, partner, and support our members need when navigating through life's trials, challenges and victories.
We fulfill this need through our General Services: **Housing Assistance, Employment Support, Volunteering, Member Advocacy, Shop Vouchers** and **Essential Shopping** .
In December 2023, we had a remarkable Essential Shopping event. BLF takes their membership to a grocery store and pays for a portion of their shopping at the till. This allows parents to select exactly what their family needs that month, catering to diverse food preferences, allergies, and religious dietary restrictions.
_“_
_I love it [essential shopping]. It really is so generous and exactly what I need this time of year, plus, the members are so friendly everytime I go I truly feel like I’m part of a loving, caring community._
_”_
_2023 Bassuah Legacy Foundation Impact Report_ 19
2023 Bassuah Legacy Foundation Impect Report 20
## Member Feedback
_I love it. It really is so generous and exactly what I need this time of year, plus, the members are so friendly everytime I go i truly feel like I’m part of a loving, caring community. (in regards to December’s Essential Shopping)_
_I like to come to the coffee morning because it makes me happy, alive and make me feel part of a family._
_This event made me, I can still enjoy fun things with your family, even if you are going through difficult times in life. (in regards to the Whipsnade Zoo trip)_
_It made me feel so happy and stress free because when I meet BLF family members we exchange life experiences, laugh, feel loved and someone cares for me and my kids. (in regards to Single Parent Appreciation Night)_
_2023 Bassuah Legacy Foundation Impact Report_ 21
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Our membership
22
## Membership in Numbers
**66.0%** Hammersmith & Fulham **1.0%** Tower Hamlets **6.5%** Ealing **0.7%** Hillingdon **5.9%** Hounslow **0.7%** Islington **5.2%** Kensington & Chelsea **0.7%** Newham **2.6%** Camden **0.3%** Barking & Dagenham **2.3%** Brent **0.3%** Bexley **2.0%** Wandsworth **0.3%** Bromley **1.3%** Croydon **0.3%** Enfield **1.0%** Barnet **0.3%** Gloucestershire **1.0%** Lewisham **0.3%** Haringey **1.0%** Southwark **0.3%** Westminster
_2023 Bassuah Legacy Foundation Impact Report_ 23
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5 to the Zoo
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## Outreach Success & Shortfalls
Despite experiencing a substantial increase in membership, we recognize the evolving communication landscape and the need to adapt to better connect with our members. It has become evident that traditional communication methods, such as email, may not be as effective as they once were, with members often not checking their emails regularly. In response to this shift, we are actively exploring alternative pathways to disseminate information and engage with our community. Whether it be through innovative digital platforms, social media channels, or our member-opted in WhatsApp group.
This exploration marks a pivotal moment for us as we strive to stay attuned to the evolving preferences of our diverse membership, ensuring that our messages arrive to our members in a timely manner that allows them to make any needed arrangement to attend and engage with our organisation.
_2023 Bassuah Legacy Foundation Impact Report_ 25
## Looking Forward
After learning a lot in 2023, BLF used the information to keep what worked and lose what didn't. In 2024 we aim to increase engagement and continue to build a sustainable charity that can grow with it’s membership.
_2023 Bassuah Legacy Foundation Impact Report_ 26
## 2024 Preparedness
As we approach 2024, our charity stands well-prepared for the challenges and opportunities that lie ahead. With our newly updated data collection strategy we’re moving forward informed and data-backed; consistently consulting the feedback given to us directly from the membership allowing it to inform our decision making - being flexible as funding is received.
Our budget and schedule for 2024 were set in Q3-2023; and procedures to ensure efficient and effective communication between the organisation and the membership are underway.
Moreover, we take pride in the development and ongoing cultivation of our leadership team. This team will continue to serve as the driving force behind the realization of our ambitious five-year plan.
As we transition into the second year of this journey, our focus remains steadfast on fostering growth and inclusivity. We eagerly anticipate expanding our membership while fostering a sense of strength and community. Embracing our **five aims & objectives** , we are dedicated to guiding and assisting our members in becoming the best versions of themselves. By keeping our primary objectives in mind, maintaining
We look forward to working alongside our members to create a lasting impact in our membership and wider community.
_2023 Bassuah Legacy Foundation Impact Report_ 27
## Future Plans
## SERVICES
In 2023, our charity undertook a profound journey of understanding, listening closely to the needs of our community. The invaluable insights gleaned have paved the way for new initiatives in 2024.
Responding to the resounding desire for improved well-being, we are excited to introduce a **healthy eating programme** in January 2024, ensuring that families in our community possess the knowledge to make informed dietary choices; which feeds directly into our continuing “Essential Shopping” service. Building on the importance of connection, **our focus is on incorporating activities that foster meaningful conversations and strengthening the bonds within our community** .
Furthermore, recognizing the need for constructive engagement among teenagers, we are looking to partnering with other charities that provide a platform for teens to join together, learn, and grow.
As we transition into the new year, our commitment is unwavering, guided by the lessons of 2023 to create impactful and lasting positive change for those we serve.
## ORGANISATIONAL
In charting our course for the future, we are dedicated to fortifying the organizational backbone that supports our membership. Recognizing the importance of sustainable growth, **we plan to enhance our organizational structure, ensuring it aligns seamlessly with the evolving needs of our community** .
Embracing a holistic approach, we aim to foster a foundation that not only accommodates the increasing demands for our services but also **cultivates an environment of innovation, collaboration, and continuous improvement** . Through strategic planning and a keen focus on scalability, we aspire to build a sustainable growth model that **empowers our charity to expand its reach, deepen its impact, and stand resilient** in the face of future challenges.
_2023 Bassuah Legacy Foundation Impact Report_ 28
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BQSSUAH LEGQCV
FOUNDATION
29
## **BASSUAH LEGACY FOUNDATION**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023 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 2023**
|**FOR THE YEAR ENDED 31 DECEMBER 2023**||
|---|---|
||**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**|
2
## **BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1185562 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **ADMINISTRATIVE/LEGAL INFORMATION**
**DIRECTORS/TRUSTEES** Natasha Kataria…........Trustee Fidelis Bassuah…….....Trustee Isaac Sarbah.................Trustee Philippa Gittens ...........Trustee Philip Obeng..................Trustee Finbarr Bassuah…….....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
3
## **BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1171546 REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2023**
The Directors/Trustees present their Annual Report and Financial Statement for the year ending 31 December 2023.
## **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 2023**
## **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 £9,721. The retained reserves at 31st December 2023 amounted to £9,886.00
## **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.
5
## **BASSUAH LEGACY FOUNDATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
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:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is
- inappropriate to presume that the project will continue in operation.
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.
6
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 Ihe 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 responsibiltty to=
examine the accounts under section 145 of the 2011 Act:
to follow the procedures laid down in the general Directions given
by the Charily Commission under section 145(5){bl of the 2011 Acl; and
to stale whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance wtth the general Direclions 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 conceming 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 limiled 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 accounting records were not kept in accordan with the section 130 of
the Charities Act,. or
The accounts did not accord with the accounting records. or
The accounts did not comply wtth the applicable requiremenls conceming 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 a matter considered as part of the independent
examination.
I have no concems 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 ol this account lo be reached.
Signed....
A Adebambo, M
For London Accountancy Practi
Sojourner Truth Centre
161 Sumner Road
London SE15 6JL
..Date:..XS
BASSUAH LEGACY FOUNDATK)N ICIOI
FINANCIAL STATEMENTS
FOR TrIE YEAR ENDED 31 DECEMBER 2023
UnrestTictsd Restricted
Fundl£l
Fundl£l
10,298
75.700
35,313
1.343
46,954
2023
Totall£l
85.998
35,313
1,343
122,654
2022
Totall£l
23,273
22,254
INCOMING RESOURCES
Voluntary Income & Donabor
Sales Revenue
Indirect Sales Revenue
Total Incorning Resources
75,71)0
45,527
RESOURCES EXPENDED
45.033
67 900
112933
45 423
Direct charitab Costs
112933
Net ItKoming Resources
1,921
7.8(Kl
9.721
104
Balare Brougfl Forward
162
165
61
Balare Cartied Fopward
166
BASSUAH LEGACY FOUNDATK)N ICIOI
BALANCE SHEET
AS AT31 DECEMBER 2023
CURRENT ASSET
2023
2022
Debtors
Cash at Bar*
12,000
5,656
19,741
17,656
CURRENT LIABIUTIES
Credilois arNJ AcctuaLs
7.770
9,886
19,576
165
FINANCED BY
FUNDS. Unrestridal Fund
Restncted FutNJ
2,083
7.803
9,886
162
165
Approved by the Board of Trustees on..........6th Juty...........2024
and signed on its behalf by
Trustee
Philip Obeng
T[ee
**BASSUAH LEGACY FOUNDATION REGISTERED CHARITY (CIO) NO 1171546 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of Preparation of Financial Statements**
The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the Management Committee’s Report and all of which are continuing. The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts.
- The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity
## **1.2 Incoming Resources**
- **1.2.1** Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.
- **1.2.2** Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.
## **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.|||
|---|---|---|---|
|||**2023**
|**2022**|
|**2**.|**CREDITORS**|||
|£|£|||
||Accountancy Fee|
650|550|
10
2. 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 £7120.00
11
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 Ihe 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 responsibiltty to=
examine the accounts under section 145 of the 2011 Act:
to follow the procedures laid down in the general Directions given
by the Charily Commission under section 145(5){bl of the 2011 Acl; and
to stale whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance wtth the general Direclions 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 conceming 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 limiled 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 accounting records were not kept in accordan with the section 130 of
the Charities Act,. or
The accounts did not accord with the accounting records. or
The accounts did not comply wtth the applicable requiremenls conceming 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 a matter considered as part of the independent
examination.
I have no concems 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 ol this account lo be reached.
Signed....
A Adebambo, M
For London Accountancy Practi
Sojourner Truth Centre
161 Sumner Road
London SE15 6JL
..Date:..XS