LUMULE FOUNDATION
Lumule Foundation is a non-profit charitable organisation dedicated to empowering children, young people, and communities through education. The Foundation works to prevent and relieve poverty by improving access to educational opportunities, skills development, and community support programmes that promote long term social and economic well being.
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
“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
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?
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. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROSELINE FOUNDATION | 1 | £1.0m |
| THE VARDY FOUNDATION | 1 | £615k |
| CRODA FOUNDATION | 1 | £399k |
| THE FYRISH FOUNDATION | 1 | £314k |
| THE HARRISON FOUNDATION | 1 | £228k |
| UBS UK Donor-Advised Foundation | 1 | £173k |
| Point North Community Foundation | 1 | £157k |
| THE JIGSAW NETWORK C.I.O. | 1 | £100k |
Charities like this
- LUMOS FOUNDATION
- Luma Foundation
- LUCILLE FOUNDATION
- THE RUMI FOUNDATION
- BRITISH SIGN LANGUAGE BROADCASTING TRUST
- FOUNDATION OF LIGHT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LUMULE FOUNDATION | £171k | — | 0 | unclear | — | no doubt |
| LUMOS FOUNDATION | £5.7m | — | — | unclear | — | no doubt |
| Luma Foundation | £178k | — | 0 | unclear | — | no doubt |
| LUCILLE FOUNDATION | £6.8m | — | 0 | above | — | no doubt |
| THE RUMI FOUNDATION | £8.0m | — | 0 | above | — | no doubt |
| BRITISH SIGN LANGUAGE BROADCASTING TRUST | £4.9m | — | — | below | — | no doubt |