Trustee’s Annual Report for the Year Ended
01/04/2023 – 31/03/2024
Dayax Foundation
9 Washwood Road, B8 1SH, Birmingham, UK
+44 7307766966
admin@dayaxfoundation.org
REGISTERED CHARITY NUMBER 1196588 HAS BEEN REGISTERED BY THE Charity Commission for England and Wales
ON THE DATE OF 15 November 2021
Trustees Annual Report
Prepared by: Khadija Hussein
Introduction
The Trustees' Annual Report provides an overview of the charity’s activities, achievements, and financial position for the period 1 April 2023 to 31 March 2024. The report aims to ensure transparency, accountability, and trustworthiness of financial and operational information for all stakeholders, including donors, beneficiaries, regulators, and the wider public.
Objectives and Activities
Mission Statement:
The Dayax Foundation is committed to improving the well-being and living conditions of vulnerable communities in Somalia. Guided by compassion, we aim to bridge the gap to a better tomorrow through healthcare services, educational support, and vocational training for orphans, disabled individuals, and those facing poverty.
Key Activities in 2023-2024:
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Organising cargo shipments of donated resources , including medical supplies, food aid, and accessibility tools for disabled individuals.
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Providing essential healthcare services and nutritious meals to those in need.
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Collaborating with local communities to offer educational support and skill development programs.
Achievements and Performance
During this reporting period, the Dayax Foundation achieved the following milestones:
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Dispatched cargo shipments of donated resources , ensuring essential items reached families in need, including disabled individuals.
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Raised awareness about the challenges faced by families with disabled children in Somalia and mobilised community support.
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Established groundwork for future projects, including vocational training and accessibilityfocused initiatives.
While this year was focused on building a strong foundation for impactful work, we successfully upheld our mission to support vulnerable groups and maintained compliance with regulatory requirements.
Financial Review
The following summarises the Dayax Foundation’s income and expenditure for the period 1 April 2023 to 31 March 2024:
| Income/Expense Category | Amount (£) |
|---|---|
| Total Income | [1106.93] |
| Total Expenditure | [874.96] |
| Remaining Funds | [231.97] |
Reserves:
Remaining funds will be carried forward to support future projects, including further shipments of resources and the development of vocational training programs.
Structure, Governance, and Management
The Dayax Foundation is governed by a dedicated Board of Trustees, including the Founder Khadija Hussein and Trustees Fozia Farhia Hassan Jama and Faiza Warsame Halane. Together, they oversee all activities and make decisions collectively during trustee meetings.
No significant changes were made to the governance structure during this period.
Plans for the Future
Looking ahead to 2024-2025, the Dayax Foundation plans to:
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Launch a specialised project to establish a community centre in Somalia. This centre will provide vocational training, hold workshops, and serve as a hub for skill development, fostering a sense of community and self-reliance.
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Host or participate in fundraising events in the UK, such as bake sales or selling goods, to generate additional funds for our initiatives.
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Continue fundraising efforts to ensure sustainable impact and broaden the scope of our work.
Declaration
This report was approved by the Board of Trustees on [27/01/2025] and signed on their behalf by:
Khadija Hussein Chair of Trustees
Dayax Foundation
9 Washwood Road, B8 1SH, Birmingham, UK
+44 7307766966
admin@dayaxfoundation.org
REGISTERED CHARITY NUMBER 1196588
HAS BEEN REGISTERED BY THE Charity Commission for England and Wales ON THE DATE OF 15 November 2021