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2023-03-31-accounts

Trustees’ Annual Report for the period

From 05/11/2023 Period start date To 31/03/2023 Period end date

Charity name: Taiwo Ajisefinni Foundation

Charity registration number: 1196418

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The object of the charity is for the public
benefit to promote the education of children
in the rural communities of Nigeria primarily
through providing funding support to
partners and other organisations in order to
assist in the provision of facilities/items and
services and enhance educational
provision for children.
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
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18
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 We were able to renovate 3 blocks of five
classrooms and offices.
We provided school bags, stationery items,
(pens, pencils, erasers, rulers, exercise
books, crayons and pencil sharpeners) to
the children from Primary 1 to Primary 6.
We also provided the school with board
markers, 6 whiteboards and 2
noticeboards.
With the provision of these items, the
children are able to develop their fine motor
skills by practicing handwriting and express
their creativity and imagination by
colouring, drawing and writing.
The educating of these children contributes
to social stability and drives long term
economic growth. The children are better
equipped to become successful additions
to the society.

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

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

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about: The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 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 Elected

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 TAIWO AJISEFINNI FOUNDATION
Other name the charity uses
Registered charity number 1196418
Charity’s principal address 5 KESTREL PLACE
MILTON COURT ROAD
LONDON
SE14 6HH

Names of the charity trustees who manage the charity

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2
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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Morounkeji
Anthonia Moses		 Chair
Olumide Ohunayo
Taiwo Ajisefinni

– 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

Declaratlon8 Th• lTh•lM•th¢l•rn th•tth•y hw• •pprn¥•d th• InMt••S' nport *1￿¥•. Full n¥n•lsl PMIUon (eg S•cw•tary. Ch•lr, •t¢l Oat• loilas)£

Charity Name No (if any) Taiwo Ajisefinni Foundation 1196418 Receipts and payments accounts CC16a For the period Period start date Period end date To from 05/11/2023 31/03/2023

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest
£
1,032
-
-
-
-
-
-
1,032		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest
£
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest
£
1,032
-
-
-
-
-
-
-
1,032		 Last year
to the nearest
£
GoFundMe 1,032 - - 1,032 282
Donations - - - 70
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 1,032 - - 1,032 352

A2 Asset and investment sales, (see table).

----- Start of picture text -----
- - - -
- - - - -
Sub total - - - - -
1,03 3
Total receipts 2 - - 1,032 52
----- End of picture text -----

A3 Payments

A3 Payments
Renovation of classrroms 800 - - 800 -
Stationery items - - - - 250
School bags - - - - 200
Advertising - - - - 64
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 800 - - 800 514
A4 Asset and investment
purchases, (see table)
- -

-

- - - -
Sub total
- - - - -
Total payments 80
0		 - - 800 5
14
Net of receipts/(payments) 23 23 -
2 - - 2 162
A5 Transfers between funds
- - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 23 -
2 - - 232 162

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

Categories

B1 Cash funds

Details
Cash at the bank
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £
70
-
-
70
Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £
-
-
-
-
Restricted
funds
to nearest £		 Endowmen
t funds
to nearest £
-
-
-
Endowmen
t funds
to nearest £

B2 Other monetary assets

- - -
- - -
- - -
- - -
- - -
- - -

B3 Investment assets

B4 Assets retained for the charity’s own use

Details

Details

Fund to which Current value Cost (optional) asset belongs (optional) - - - - - - - - - - Fund to which Current value Cost (optional) asset belongs (optional) - - - - - - - - - - - - - -

B5 Liabilities

----- Start of picture text -----
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
-
-
-
-
-
----- End of picture text -----

Signed by one or two trustees on behalf of all the trustees