IA - FOUNDATION
1. Provide support in the education of children of school age up to the University level, in particular children of school age but unable to attend.2. We provide Funding to vulnerable, and out of school children to enable them purchase learning material such as e-learning tools, school uniforms, textbooks, and classroom materials.3. Create Opportunities for learning among the vulnerable child
Objects
FOR THE PUBLIC BENEFIT, THE ADVANCEMENT IN EDUCATION IN ENGLAND, NIGERIA AND OTHER PARTS OF THE WORLD AS THE TRUSTEES CONSIDER NECESSARY, IN PARTICULAR BUT NOT EXCLUSIVELY BY:A. FUNDING AND SUPPORTING THE EDUCATION OF VULNERABLE CHILDREN WHO ARE OF SCHOOL AGE BUT UNABLE TO ATTEND SCHOOL.B. SUPPORTING THE WORK OF LOCAL EDUCATION ESTABLISHMENTS IN PROVIDING AND DELIVERY OF ADVANCEMENT IN EDUCATION TO CHILDREN OF SCHOOL AGE UP TO THE UNIVERSITY LEVEL.C. SUPPORTING OPPORTUNITIES FOR EDUCATION OF VULNERABLE CHILDREN.D. PROVIDING OR ASSISTING IN THE PROVISION OF LEARNING MATERIALS SUCH AS E-LEARNING, SCHOOL UNIFORMS, TEXTBOOKS AND CLASS ROOM MATERIALS.E. AWARDING BURSARIES AND/OR SCHOLARSHIPS TO SCHOOL CHILDREN.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £3,284 for the year ended 30 December 2024, resulting in total net assets of £10,527. The trustees maintain that the charity has adequate reserves to ensure continuity for six months in the event of a material event constraining fundraising. The financial performance was impacted by currency deterioration and donor fatigue, leading to a reduction in income compared to the prior year.
What the accounts disclose
“maintain adequate reserves to ensure continuity for six months in the event of a material event that temporarily constrains the fundraising of the Foundation.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Funders the charity credits
- British Airways
Trustees
- BABAJIDE OLASEINDE OLAGUNDOYEchair
- AYOGEJI ALIAFIS ISHMAEL
- IBIRONKE BASIRAT ADEAGBO FCCA FCA
- YETUNDE ADUNNI RAIMI- ODIMAYO FCA CPFA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2024 | £55k | £58k |
| 30/12/2023 | £63k | £68k |
| 30/12/2022 | £35k | £35k |
Common questions
Is IA - FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £3,284 for the year ended 30 December 2024, resulting in total net assets of £10,527. The trustees maintain that the charity has adequate reserves to ensure continuity for six months in the event of a material event constraining fundraising. The financial performance was impacted by currency deterioration and donor fatigue, leading to a reduction in income compared to the prior year. Its FY2024 accounts were independently examined.