BAMUKUNDE FOUNDATION
FINANCIAL ACCOUNTS FOR THE YEAR ENDING
31 MARCH 2022
Registered Charity in England and Wales No 1192582
CHARITY INFORMATION
TRUSTEES:
Ms Marie Aimee Bamukunde Mr Aminadab Twibukimana Mr Parfait Manyangabe CHAIR: Ms Marie Aimee Bamukunde
REGISTERED OFFICE:
The Office Support 7 Bell Yard London WC2A 2JR CHARITY NO: 1192582
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The BAMUKUNDE FOUNDATION is registered charity organisation.
Appointment of trustees
As set out in the Constitution trustees are elected annually by the members of the charitable charity attending the Annual General Meeting.
Organisation
The board of Trustees members administers the charity.
The director has delegated authority, within terms of delegations approved by the trustees, for operational matters including finance, employment, and projects directions.
Related Parties
BAMUKUNDE FOUNDATION has no related parties.
Aims & Objectives
The advancement of education of refugee children living in camps by providing them education resources and materials and such other support that the trustees may determine.
Structure, Governance and Management
The BAMUKUNDE FOUNDATION is a Charity. It is governed by a constitution to achieve community needs. A management committee composed by trustees is responsible for running the organisation. They meet once every six weeks to determine the affairs of the charity.
STATEMENT OF TRUSTEES RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the charity law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed and approved on behalf of the trustees: Chair: Marie Aimee Bamukunde
Date: 25-08-2022
MANAGEMENT COMMITTEES CERTIFICATE OF APPROVAL OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
We certify that the annexed accounts are in accordance with the records, information and explanations supplied by us as management committee members and have our approval.
For the year ended 31[st] March 2022, the organisation was entitled to exemption from the audit under the charity law.
We acknowledge our responsibilities as Management Committee for:
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(i) Ensuring the organisation kept accounting records
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(ii) Prepare the accounts which give a true and fair view of the state of affairs of the organisations as at the end of the financial year, and its receipts and payments accounts for the financial year in accordance with the requirement of the charities law.
Signed by order of the trustees
Chair: Marie Aimee Bamukunde
Date: 25-08-2022
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| - | INCOME | |
|---|---|---|
| Donations (Restricted): | £1,500.00 | |
| - | EXPENDITURE | |
| School fees for refugee children living in Maheba Refugee camp: £1,430.00 | ||
| - | BALANCE | |
| £70.00 |
The charity is entitled to exemption from audit under section 43(2) of the Charity Act.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records and preparing financial statements which give a true and fair view of the situation of the charity as at the end of financial year ending 31[st] March 2022. Signed and approved on behalf of the Committee on: Date: 25-08-2022 Chair: Marie Aimee Bamukunde
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES:
The charity’s accounting policies are as follows:
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention, with the exception of investment, which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2005) issued in March 2005, applicable UK Accounting Standards The principal accounting policies adopted in the preparation of the financial statements are set out below.
(b) Incoming Resources
Voluntary Incoming including donations, and grants that provide core funding or are of general nature are recognised where there is entitlement, certainly of receipts and the amount can be measured with sufficient reliability. Such income is only deferred when:
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The Donor specified that the grant or donation must only be used in future accounting periods; or
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The donor has imposed donations, which must be met before the charity has unconditional entitlement.
Income from commercial trading activities (such as provision of interpreting and translation services) is recognised as earned (as the related goods and services are provided)
(c) Volunteering and donated services and facilities
The value of services provided by volunteering in not these financial statements. Further details of the contribution made by volunteers can be found in the trustees’ annual report.
Where services are provided to the charity as a donation that would normally be purchased form our suppliers, this contribution is included in the financial statements of the charity.
(d) Resources expanded
Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.
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Charitable activities including expenditure associated with the activities are included the direct costs and support costs relating to these activities.
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Governance Costs include those incurred in the governance of the charity and its assets and the primarily associated with constitutional and statutory requirements. These are no Costs associated with the Governance throughout the year.
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Support costs include central functions and have been allocated to activity cost categorised on a basis consistent with the use of resources, e.g. allocating property costs by the floor areas, or per capita, staff costs by the time spent and other costs by their usage.
(d) Irrecoverable VAT
All resources expanded are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category or resources expended for which it was incurred: BAMUKUNDE FOUNDATION is not VAT register so cannot recover any VAT incurred.
(e) Fund’s structure
The Trusts has its main grants as restricted income funds to account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.
Other funds are classified as unrestricted Income funds. The Trustees intend to use part of the unrestricted funds for the development of the Charity to expanded and advance its services.
(f) Pensions
Employees of the charity are entitled to join the County Pension Scheme, but at the present time there is no employee volunteer to take any Pension Scheme.
(g) Restricted Funds
Restricted funds are to be used for specified purposes as lay down by the funder. Direct and support expenditure, which meets these criteria, is identified to the fund together with a fair allocation of other costs.
(h) Unrestricted Funds
Unrestricted funds are funds received which have no restrictions placed in their use and are available as general funds.
(i) Designated Funds
Designated funds are unrestricted funds earmarked by the committee of management for particular purposes.
(j) Revenue Income
Revenue grants are credited to incoming resources on the earlier of when they are received or when they are due.