LUMULE FOUNDATION
Latest income
£171k
Latest spending
£165k
Registered
2023
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity holds total net assets of £5,658, consisting entirely of unrestricted funds. The trustees report that the charity is eligible for independent examination rather than audit, and the independent examiner confirmed that no matters gave cause for concern regarding the accounts or accounting records.
What the accounts disclose
Related-party transaction: Trustee Dennis Okwera advanced personal funds of £51,000 to the charity, which were treated as donations. The charity also included £12,750 as income representing Gift Aid recoverable on this donation, contingent on HMRC registration.
“Personal funds of £51,000 advanced by one of the directors Dennis Okwera to 31/5/2024 represented donations to the charity. Gift aid is to be claimed on the net donation to the value of £12,750 & has been included in these accounts.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Dennis Okwerachair
- Sering Sambou
- Shaka Maidoh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/05/2025 | — | — |
| 30/05/2024 | £171k | £165k |
Common questions
Is LUMULE FOUNDATION financially healthy?
The accounts state that the charity holds total net assets of £5,658, consisting entirely of unrestricted funds. The trustees report that the charity is eligible for independent examination rather than audit, and the independent examiner confirmed that no matters gave cause for concern regarding the accounts or accounting records. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FYRISH FOUNDATION | 1 | £314k |
| THE JIGSAW NETWORK C.I.O. | 1 | £50k |
| KUSUMA TRUST UK | 1 | £20k |
| THE LOWER GREEN FOUNDATION | 1 | £9k |
| THE HULL AND EAST RIDING CHARITABLE TRUST | 1 | £1k |