THE IYANOLA FOUNDATION REUNG POVERTY ALLEVIATING CR1515 -11 ANNUAL REPORT 2021-22
FOREWARD ...................................................................................................................................................... 3 WHO WE ARE ................................................................................................................................................... 4 OUR BENEFICIARIES ......................................................................................................................................... 5 OUR DELIVERY PARTNERS ................................................................................................................................ 6 INCOME & EXPENDITURE ................................................................................................................................. 7 INCOME AND EXPENDITURE ............................................................................................................................... 7 INCOME .............................................................................................................................................................. 7 EXPENDITURE ..................................................................................................................................................... 7 RESERVES ............................................................................................................................................................ 7 BOARD REPORT ............................................................................................................................................... 8 STATEMENT OF THE BOARD’S RESPONSIBILITIES ............................................................................................................ 8 STATEMENT OF FINANCIAL ACTIVITIES ............................................................................................................ 9 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 ................................................................................ 9 BALANCE SHEET AS AT 31 MARCH 2022 ..................................................................................................................... 9 NOTES TO THE ACCOUNTS ....................................................................................................................................... 10
2
Annual Report 2021-22
FOREWARD
Eustace Antonius Meliat Chair of the Board of Trustees, The Iyanola Foundation
Our work is focused on tackling the inequalities arising from poverty which underpins our vision “Relieving Poverty Alleviating Crisis”.
As a relatively new charity we’ve become all too familiar with the heart-breaking circumstances of our beneficiaries. So, we are working to ensure that at the very least our beneficiaries do not go hungry and have every chance of succeeding at school and are not socially isolated or shamed because of their economic circumstances.
In 2021 having received anecdotal evidence of children experiencing hardship in St Lucia as a result of the economic impacts of Covid-19, we were moved to start the conversation about the help we could offer. We had no sense of the enormity of the task ahead but we were committed to doing something.
We quickly found that not being based in St Lucia posed a few challenges to offering support across international borders, in a regular and sustained way. As such we needed to be a lot more organised and so
began the charity registration process which gave birth to The Iyanola Foundation. This allowed us to put the structures in place for success but it did mean that it took longer than we initially thought to get to a position of delivering support on the ground.
Having defined our delivery model, we identified The Bexon Combined and Des Barras Primary Schools, as our delivery partners for the pilot phase of our project. We are very grateful for the support of the principals Mrs Anci Albert-St.Hill and Mr. Ezra Joseph. Our September 2021 launch was however delayed due to the suspension of face to face teaching in St Lucia owing to Covid-19 restrictions. We were able to launch in November 2021 when face to face teaching resumed and presented Christmas hampers to six beneficiaries following consultation with the schools.
As per our process, we received and assessed applications from the schools for The School Meals Project up to December 2022. This perhaps was one of the most emotionally difficult parts of the journey thus far, as we only then understood the harsh reality of poverty related inequalities experienced by the student applicants and their households.
We notified the schools in January 2022 of the grants awarded, who then offered the first breakfast meals funded by the charity to beneficiaries in Feb 2022.
This annual report demonstrates that we have made a strong start to delivering our vision of “Relieving Poverty Alleviating Crisis”
The outlook ahead is one of modest growth as we begin fund raising to support the activities of the charity.
3
Annual Report 2021-22
WHO WE ARE
We are The Iyanola Foundation, a UK registered charity operating since 2021. We have the following purposes
The support of children experiencing food poverty on the island of St Lucia by purchasing school meals on their behalf which they could not otherwise afford.
And
The relief of financial need and suffering among victims of natural or other kinds of disaster in the form of money (or other means deemed suitable) to persons, bodies, organisations in St Lucia.
In 2021 we launched our first pilot project, the School Meals Project, exclusively funded by the trustees of the charity. This is as a direct response to the impact of the Corona virus which has led to a high number of job losses and an increase in the number of children experiencing food poverty.
Our beneficiaries on the project were assessed following a rigorous application and assessment process. Through this approach we obtained a baseline for outcomes and intend to track outcomes related to:
-
Observed behaviour i.e. restlessness, complaints about headaches, wandering concentration.
-
The number of school absences owing to food poverty.
-
Educational performance in Math and English.
-
The nutritious quality of meals.
The charity only works with trusted public bodies on the island of St Lucia. For the School Meals Project these are state funded schools. We refer to these organisations as trusted partners who are at the core of our delivery model. In the 2021/22 school year we established relationships with 2 schools to:
-
Understand their food poverty needs and
-
Agree the delivery model.
The overall objective of the project is to reduce the impact of food poverty amongst those children who are in need and in so doing increase their engagement and outcomes in learning activities at school.
Following the pilot period, we will review and refine our delivery approach before extending our support offer to other schools.
33
------------------------
BENEFICIARIES
570 --------------------------- BREAKFAST MEALS
6
--------------------------------------- CHRISTAMS HAMPERS
4
Annual Report 2021-22
OUR BENEFICIARIES
Our current beneficiaries are aged between 5 and 12 years old. They come from the most economically disadvantaged households and experience multi-dimensional inequalities. The day to day experience of our beneficiaries includes a lack of access to uniforms, books and regular meals. Poverty related Inequality has varied impacts on their behaviour and attendance at school but their learning outcomes can however be described as generally poor.
Matt
Clara
Low level of attendance, lacks financial Frequently absent from school. Does jobs means to purchase school books and for money in the community when absent uniforms. Lives in a household having more from school. Has poor reading ability. than 3 children under 18. Performs below expectations when compared to others in the same age group.
Beneficiaries In Need Of 100% Support To Access Breakfast and Lunch
5
Annual Report 2021-22
OUR DELIVERY PARTNERS
The Des Barras Primary School is situated in Babonneau and is currently led by principal Ezra Joseph. The school is relatively small and has 48 students enrolled in grades Pre-k through to Grades 6.
Lessons are supported by four dedicated teachers and one shared specialist teacher, who teaches Music, French and Physical Education. The school consistently performs above the national and district mean at all national exams.
Christmas Hamper donations at Des Barras Primary School. Pictured to the right Ezra Joseph, Principal
Christmas Hamper donations at Bexon Combined School. Pictured to the right Anci Albert-St Hill, Principal
The Bexon Primary school was built in May 1996 and is currently led by principal Ancie Albert-St Hill. The classes range from Grade three to Grade six with an age range from 8 to 12 years. 140 students are enrolled at the school for the 2021/22 academic year.
Eleven teachers make up the teaching staff and this includes seven regular classroom teachers and four Special teachers who are a shared resource with other schools
Core subjects taught at the school include Mathematics, Language Arts, Social Studies and Science. The Bexon Primary school is one of the high performing schools in educational District Four with good results in National Common Entrance examinations
6
Annual Report 2021-22
INCOME & EXPENDITURE
Overall, the charity reported a surplus of £1036 for FY 2021-22, its first year of operation. Both income and expenditure were less than forecasted. Income from member contributions was lower than expected, whilst expenditure was particularly lower due to the delayed launch of the School Meals project, a direct result of COVID-19 related school closures. Together these have resulted in a year-end surplus and a stable financial position as we enter the new financial year.
INCOME AND EXPENDITURE
£2073 -----------------------TOTAL INCOME
£1037
---------------------------
TOTAL EXPENDITURE
£1036
---------------------------------------
SURPLUS OF INCOME OVER EXPENDITURE
INCOME
100% of the charity’s income has been through Trustee donations. The end of year position reflects lower than forecasted Trustee donations owing to individual circumstances.
EXPENDITURE
For every £1 donated to The Iyanola Foundation, 80 pence is granted to
beneficiaries . The remainder covers our operating expenses and is used to build the charity’s resilience. 100% of beneficiary expenditure was targeted towards addressing food poverty.
RESERVES
A maximum of 3 months expenditure on the School Meals Project to allow us to manage any short falls in donations for this project. The trustees currently believe this amount to be £952.14.
To hold a maximum of 70% of current expenditure to create financial capacity to allow the charity to provide relief in the case of natural or other kinds of disaster in line with the charity’s objects. The trustees currently believe this amount to be £2,666
Total expected reserves, is therefore £3,618 against free cash reserves of £1,036 held at year end. The trustees have budgeted to run a surplus in the coming year to start to build up reserves to meet the policy. The policy will be reviewed annually
The reserves policy of The Iyanola Foundation is to hold:
7
Annual Report 2021-22
BOARD REPORT
The Board present the Financial Statements for the year ended 31 March 2022.
The Board
Chair Eustace Meliat Vice Chair Daron Lubrin Treasurer Bertrand Edward Secretary Sylvette Constable-Wilson Operational Lead David Vitalis
STATEMENT OF THE BOARD’S RESPONSIBILITIES
The Board is required to prepare financial statements for each financial year, which gives a true and fair view of the state of affairs of the organisation and the profit and loss for that period. In preparing these financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently,
-
Make judgements and estimates that are reasonable and prudent,
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
-
The Board is responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the organisation.
-
The Board is 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.
02/05/2022 ……………………………………………………………….. Date: ……………………………………………..
Trustee Role: Treasurer
8
Annual Report 2021-22
STATEMENT OF FINANCIAL ACTIVITIES
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | ||
|---|---|---|
| £ | ||
| Turnover | 2073.00 | |
| Cost of Sales | Note 1 | 834.00 |
| Gross Profit | 1239.00 | |
| Administrative | Note 2 | 203.00 |
| Net Operating Profit/(Loss) | 1036.00 | |
| Profit for the financial year | 1036.00 | |
| BALANCE SHEET AS AT 31 MARCH 2022 | ||
| 2022 | ||
| Current Assets | £ | |
| Debtors and Prepayments | Note 3 | 1166.96 |
| Write-Offs | 0.00 | |
| Cash at Bank/In hand | 1036.00 | |
| 2202.96 | ||
| Creditors – amount falling due within one year | 0.00 | |
| Net Current Asset | 2202.96 | |
| Capital and Reserves | ||
| Reserves brought forward | 0.00 | |
| Profit and Loss Account Balance | 1036.00 | |
| Retained Earnings | 1166.96 | |
| Total Capital and Reserves | 2202.96 |
9
Annual Report 2021-22
| NOTES TO THE ACCOUNTS | |
|---|---|
| 2022 | |
| £ | |
| 1. Cost of Sales | |
| Financial Donations Made | 548.00 |
| Donations Of Goods | 146.00 |
| Shipping & Export Costs | 140.00 |
| 834.00 | |
| 2. Administration | |
| Software As A Service | 126.00 |
| Web Hosting | 77.00 |
| 203.00 | |
| 3. Debtors and Prepayments | |
| Membership Fees due | 816.31 |
| Donation Prepayments | 350.65 |
| 1166.96 |
10
Annual Report 2021-22