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2023-03-31-accounts

Trustees’ Annual Report for the period

From Period start date: 29 November 2021

To Period end date: 31 March 2023

Charity name: Sam Buah Foundation

Charity registration number: 1196823

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance in life and act as a resource
to relieve the needs of young people by
providing educational training
programmes, mentoring and coaching
for the public benefit, mainly but not
exclusively the BAME community
across the UK and overseas
.
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		 In the last 12 months, the Foundation
has embarked on the following activities
in relation to our founding objectives;
1.
Career mentoring for young people
from BAME backgrounds
2.
Spelling Bee competition for young
BAME between 7 and 12
3.
Debating and public speaking
training and upskilling for young
BAME between the ages of 18-25
4.
Work experience opportunities for
young BAMES
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We can confirm that the Trustees have
had full regard to the guidance issued
by the Charity Commission on public
benefit. This is also captured in the
Foundation’s constitution

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

SORP reference Not applicable Para 1.38 Policy on grant making Not applicable Para 1.38 Policy on social investment

including program related investment Not applicable Para 1.38 Contribution made by volunteers 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 1.
From Sep 2022 the Foundation
inducted the first cohort of 10
mentees. All mentees were paired
with industry professionals. The
mentoring programme was very
successful because some of the
mentees through, the programme
found work experiences and full
time employment.
2.
The foundation also organised
spelling bee competitions over the
2023 summer for young BAMEs
between ages 7 and 12.
3.
Provided free word spelling tuition
for over 30 kids who took part in the
spelling bee competition.

Additional information (optional)

Additional information (optional) Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41 1.
Mentoring programme launched and
organised for the first 10 mentees
2.
Work experience opportunities
organised for mentees
3.
Full time employment secured for a
mentee of the Foundation
4.
Spelling Bee competition organised
for kids
5.
Performance of fundraising
activities against objectives
set		 Para 1.41 The Foundation secured a £10k funding
from the National Lotteries Community
fund to support with our activities.
In addition the foundation received
donation of £2000 from an individual
and funding the official Foundation
launch
Not applicable

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 The Foundation is in good financial
position at the end of the period. The
current balance in the account is circa
£7,327
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Foundation has not yet established
any policy for holding any reserves. As
a minimum we will hold a contingency
which is around 10% of our turnover
Amount of reserves held Para 1.22 £7,327
Reasons for holding zero
reserves		 Para 1.22 We will always hold a reserve to cover
the Foundation in the event of
emergency
Details of fund materially in
deficit		 Para 1.24 Not applicable
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Not applicable

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 Grant application and donations
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 Not applicable
A description of the principal
risks facing the charity		 Para 1.46 The principal risk facing the Foundation
is cashflow. The Foundation requires
regular cash flow to be able to pay for
services we use and also pay salaries
and run our programmes
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 The name of the Charitable
Incorporated Organisation (“the
CIO”) is
Sam Buah Foundation
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 (1) Apart from the first charity trustees,
every trustee must be appointed for a
term of 3 years by a resolution passed
at a properly convened meeting of the
charity trustees.
(2) In selecting individuals for
appointment as charity trustees, the
charity trustees must have regard to the
skills, knowledge and experience
needed for the effective administration
of the CIO.

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 trustees will make available
to each new charity trustee, on or before
his or her first appointment:
(a) a copy of the current version of this
constitution; and
(b) a copy of the CIO’s latest Trustees’
Annual Report and statement of
accounts.
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 Sam Buah Foundation
Other name the charity uses
Registered charitynumber 1196823
Charity’s principal address 17 Grindlow Street
Manchester
M13 0LA

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Samuel Buah Since inception
John Bedson Since inception
Ernestina Thompson Since October 2022
Victoria Buah Since inception
Edward Asong Since October 2022

– 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) Samuel Ernest Buah

Position (eg Secretary, Director Chair, etc)

Date 29 Feb 2024

SAM BUAH FOUNDATIONS No (if any) Receipts and payments accounts CC16a For the period 11/29/2021 3/31/2023 To from

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

to the nearest £

to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
16,473 - - 16,473
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 16,473
 - - 16,473 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
**Total receipts ** 16,473 - - 16,473 -
A3 Payments
Administrative and Event cost 9,146 - - 9,146
- - -
- - -
- -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** 9,146 - - 9,146 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
**Total payments ** 9,146 - - 9,146 -
**Net of receipts/(payments) ** 7,327 - - 7,327 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
**Cash funds this year end ** 7,327 - - 7,327 -

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

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees		 Details
Details
Details
Details
Details
Signature
SAM BUAH
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
to nearest £
7,327
-
-
-
-
-
7,327
-
OK
OK
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
SAM BUAH
Unrestricted
funds
Restricted
funds
Unrestricted
funds
Restricted
funds
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates
Amount due
(optional)		 to nearest £
Endowment
funds
-
-
-
-
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
SAM BUAH SAM BUAH 3/31/2023