The logo provides the symbol of the organisation.

Contact us on the following numbers : 0599001817, 0594905919, 0243506560, 0244446540, 0543554480, 0547672712, and  0243215382

SUBANPAONUADO FOUNDATION COMPREHENSIVE FINANCIAL REPORT FROM 7TH DECEMBER 2024 TO 7TH APRIL 2025 AND BUDGET STATEMENT FROM 8TH APRIL 2025 TO 8TH AUGUST 2025.

Executive Summary

The financial department of the  Subanpaonuado Foundation (SPF) is pleased to present its comprehensive financial report from 7th of December 2024 to the 7th of April 2025 and budget statement for the period from May 8, 2025, to August 8, 2025. This report provides a detailed analysis of our financial performance, position, and projections for the next quarter.

Financial Performance (December 7, 2024 - April 7, 2025) The initial projected revenue amounted to Ghc 10,654.85 including the Ghc 1,614.85 belonging to the SPF investors under the bond purchasing program.

Actual Projected Revenue : Ghc 9,040.00 Details

- Internal Revenue Streams: Ghc 3,880.00 (42.9% of total revenue)

    - Dues payments: Ghc 520.00

    - Welfare payments: Ghc 520.00

    - Birthday fund payments: Ghc 520.00

    - Emergency fund payments: Ghc 520.00

    - Less privileged fund payments: Ghc 1,040.00

    - Executives fund: Ghc 560.00

    - Remaining 2% depositors levy: Ghc 60.00

    - Members old debt payment: Ghc 140.00

- External Revenue Streams: Ghc 5,160.00 (57.1% of total revenue)

    - SPF Soft Loan interest and principal: Ghc 4,360.00

    - 0.5% interest on the SPF business loan: Ghc 800.00

Actual Revenue Details

- Total Actual Revenue: Ghc 14,128.00

- Internal Revenue Streams: Ghc 5,630.00 (39.8% of total revenue)

    - Executives fund: Ghc 560.00

    - Members old debt: Ghc 380.00

    - SPF mandatory contributions: Ghc 850.00

    - Less Privileged fund: Ghc 1,160.00

    - Dues: Ghc 670.00

    - Welfare: Ghc 670.00

    - Birthday fund: Ghc 670.00

    - Emergency fund: Ghc 670.00

- External Revenue Streams: Ghc 8,498.00 (60.2% of total revenue)

    - 2% redrawal Levy: Ghc 338.00

    - Membership registration fee: Ghc 300.00

    - SPF Soft Loan interest and principal: Ghc 4,360.00

    - 0.5% interest on the SPF business loan: Ghc 800.00

    - Executives nomination fees: Ghc 300.00

    - Additional Revenue received through strategic investments: Ghc 2,400.00

Expenditure

The total expenditure incurred was Ghc 19,202.45, resulting in a deficit of Ghc 5,074.45.

- Expenditure without Returns: Ghc 5,202.45 (27.1% of total expenditure)

    - Donation made to the Forever True Friends orphanage home: Ghc 2,000.00

    - Entitlement package for Mr. Francis Sackey: Ghc 1,000.00

    - Other expenditure without returns: Ghc 2,202.45

- Expenditure with Returns: Ghc 14,000.00 (72.9% of total expenditure)

    - Strategic investment in SPF Soft Loan program

Financial Position

- Open Balance (December 7, 2024): Ghc 5,720.35

- Current Balance (April 7, 2025): Ghc 645.90

- Projected Balance (May 13, 2025): Ghc 15,905.90 (after expected receipt of Ghc 15,260.00 from the SPF Soft Loan program)

Budget Statement (April 8, 2025 - August 8, 2025)

Revenue Projections

The SPF projects total revenue of Ghc 21,140.00:

- External Revenue Streams: Ghc 15,260.00 (72.2% of total revenue)

    - SPF Soft Loan interest and principal repayment: Ghc 15,260.00

- Internal Revenue Streams: Ghc 5,880.00 (27.8% of total revenue)

    - Dues: Ghc 720.00

    - Welfare: Ghc 720.00

    - Birthday fund: Ghc 720.00

    - Emergency fund: Ghc 720.00

    - Less privileged fund: Ghc 1,140.00

    - Executives fund: Ghc 560.00

    - SPF Mandatory Contributions: Ghc 800.00

    - Executives Mandatory contributions: Ghc 500.00

Expenditure Projections

The SPF projects total expenditure of Ghc 3,422.72:

- Birthday entitlement packages: Ghc 600.00

- Main entitlement package: Ghc 1,500.00

- SPF automated payments response system: Ghc 40.00

- Airtime/Data bundle for the SPF executive members: Ghc 280.00

- SPF banner: Ghc 300.00

- 27th April General meeting: Ghc 672.00

- Mtn service charges: Ghc 30.72

Projected Balance

The total projected balance expected by the close of August 8, 2025, is Ghc 18,362.83.

Summary Written Statement and Financial Analysis:

The Subanpaonuado Foundation's comprehensive financial report and budget statement demonstrate a strong financial position, with a projected balance of Ghc 18,362.83 by the close of August 8, 2025.

Financial Performance

The foundation's actual revenue exceeded the projected revenue, indicating a positive financial performance. The total actual revenue was Ghc 14,128.00, while the total projected revenue was Ghc 9,040.00, resulting in a revenue variance of Ghc 5,088.00 (56.3% increase).

Growth Rates

The foundation experienced significant growth in various revenue sources, including:

- Internal Revenue Streams: 45.1% increase (Ghc 5,630.00 actual revenue vs. Ghc 3,880.00 projected revenue)

- External Revenue Streams: 64.7% increase (Ghc 8,498.00 actual revenue vs. Ghc 5,160.00 projected revenue)

- SPF Soft Loan interest and principal: Ghc 4,360.00 actual revenue (100% of projected revenue)

Deficit Analysis

The foundation recorded a deficit of Ghc 5,074.45 due to the following reasons:

- Expenditure without Returns: Ghc 5,202.45 was spent on various activities, including donations, entitlement packages, and operational expenses.

- Strategic Investments: Ghc 14,000.00 was invested in the SPF Soft Loan program, which is expected to generate returns in the future.

The deficit was primarily due to the timing difference between the receipt of revenue and the incurrence of expenditure. The foundation's strategic investments are expected to generate returns and improve its financial position by the close of 13th May 2025.

Financial Position

The foundation's financial position is stable, with a projected balance of Ghc 18,362.83 by the close of August 8, 2025. The foundation's strategic investments and revenue growth contribute to its stable financial position.

Actual Growth Rate Calculation

The actual growth rate can be calculated based on the total actual revenue and the total projected revenue.

- Actual Revenue: Ghc 14,128.00

- Projected Revenue: Ghc 9,040.00

- Revenue Variance: Ghc 5,088.00 (Ghc 14,128.00 - Ghc 9,040.00)

- Actual Growth Rate: (Ghc 5,088.00 / Ghc 9,040.00) x 100% ≈ 56.3%

The actual growth rate for the SPF is approximately 56.3%. This indicates that the foundation's actual revenue exceeded its projected revenue by 56.3%.

Growth Rates for Various Revenue Sources

The foundation experienced significant growth in various revenue sources, including:

- Internal Revenue Streams: 45.1% increase (Ghc 5,630.00 actual revenue vs. Ghc 3,880.00 projected revenue)

- External Revenue Streams: 64.7% increase (Ghc 8,498.00 actual revenue vs. Ghc 5,160.00 projected revenue)

- SPF Soft Loan interest and principal: Ghc 4,360.00 actual revenue (100% of projected revenue)

These growth rates indicate a strong financial performance and a stable financial position for the foundation.

Analysis of Revenue Streams

The Subanpaonuado Foundation's revenue streams can be analyzed based on the actual revenue and projected revenue.

Internal Revenue Streams

The internal revenue streams include:

- Dues: Ghc 670.00 (actual revenue) vs. Ghc 520.00 (projected revenue)

- Welfare: Ghc 670.00 (actual revenue) vs. Ghc 520.00 (projected revenue)

- Birthday fund: Ghc 670.00 (actual revenue) vs. Ghc 520.00 (projected revenue)

- Emergency fund: Ghc 670.00 (actual revenue) vs. Ghc 520.00 (projected revenue)

- Less privileged fund: Ghc 1,160.00 (actual revenue) vs. Ghc 1,040.00 (projected revenue)

- Executives fund: Ghc 560.00 (actual revenue) vs. Ghc 560.00 (projected revenue)

The actual revenue from internal sources exceeded the projected revenue, indicating a strong performance in this area.

External Revenue Streams

The external revenue streams include:

- SPF Soft Loan interest and principal: Ghc 4,360.00 (actual revenue) vs. Ghc 4,360.00 (projected revenue)

- 0.5% interest on the SPF business loan: Ghc 800.00 (actual revenue) vs. Ghc 800.00 (projected revenue)

- 2% redrawal Levy: Ghc 338.00 (actual revenue)

- Membership registration fee: Ghc 300.00 (actual revenue)

- Executives nomination fees: Ghc 300.00 (actual revenue)

- Additional Revenue received through strategic investments on the SPF soft loan : Ghc 2,400.00 (actual revenue). Additional revenue expected from the interest on the SPF SOFT LOAN by the close of 13th May 2025 amounted to Ghc 1,260.00

The actual revenue from external sources exceeded the projected revenue, indicating a strong performance in this area.

Analysis of Financial Projections

The Subanpaonuado Foundation's financial projections indicate a stable financial position, with a projected balance of Ghc 18,362.83 by the close of August 8, 2025.

Revenue Projections Analysis

The foundation projects total revenue of Ghc 21,140.00, with:

- External Revenue Streams: Ghc 15,260.00 (72.2% of total revenue)

    - This significant portion of revenue from external sources highlights the foundation's reliance on external funding.

- Internal Revenue Streams: Ghc 5,880.00 (27.8% of total revenue)

- The internal revenue streams include dues, welfare, birthday fund, emergency fund, and other sources.

Expenditure Projections Analysis

The foundation projects total expenditure of Ghc 3,422.72, with:

- Birthday entitlement packages: Ghc 600.00

- Main entitlement packages : Ghc 1,500.00

- SPF automated payments response system: Ghc 40.00

- Airtime/Data bundle for the SPF executive members: Ghc 280.00

- SPF banner: Ghc 300.00

- 27th April General meeting: Ghc 672.00

- Mtn service charges: Ghc 30.72

The projected expenditure seems reasonable, with a focus on specific activities and events.

Summary Written Statement and Financial Analysis

The Subanpaonuado Foundation's comprehensive financial report and budget statement demonstrate a strong financial position, with a projected balance of Ghc 18,362.83 by the close of August 8, 2025.

Financial Performance

The foundation's actual revenue exceeded the projected revenue, indicating a positive financial performance. The total actual revenue was Ghc 14,128.00, while the total projected revenue was Ghc 9,040.00, resulting in a revenue variance of Ghc 5,088.00 (56.3% increase).

Growth Rates

The foundation experienced significant growth in various revenue sources, including:

- Internal Revenue Streams: 45.1% increase (Ghc 5,630.00 actual revenue vs. Ghc 3,880.00 projected revenue)

- External Revenue Streams: 64.7% increase (Ghc 8,498.00 actual revenue vs. Ghc 5,160.00 projected revenue)

- SPF Soft Loan interest and principal: Ghc 4,360.00 actual revenue (100% of projected revenue)

Deficit Analysis

The foundation recorded a deficit of Ghc 5,074.45 due to the following reasons:

- Expenditure without Returns: Ghc 5,202.45 was spent on various activities, including donations, entitlement packages, and operational expenses.

- Strategic Investments: Ghc 14,000.00 was invested in the SPF Soft Loan program, which is expected to generate returns by the close of 13th May 2025

The deficit was primarily due to the timing difference between the receipt of revenue and the incurrence of expenditure. The foundation's strategic investments are expected to generate returns and improve its financial position in the long run.

Financial Position

The foundation's financial position is stable, with a projected balance of Ghc 18,362.83 by the close of August 8, 2025. The foundation's strategic investments and revenue growth contribute to its stable financial position.

Conclusion

The Subanpaonuado Foundation's financial report and budget statement demonstrate a strong financial position, with significant growth in various revenue sources. The deficit recorded in the report is primarily due to the timing difference between revenue receipt and expenditure incurrence. The foundation's strategic investments are expected to generate returns and improve its financial position in the long run.

Audit Report :

We have audited the financial report of the Subanpaonuado Foundation for the period from December 7, 2024, to April 7, 2025. Our audit included an examination of the revenue analysis, expenditure analysis, financial position analysis, and growth rate analysis.

Revenue Analysis Audit

- Total Actual Revenue: We verified the total actual revenue of Ghc 14,128.00 and found it to be accurately reported.

- Total Projected Revenue: We verified the total projected revenue of Ghc 9,040.00 and found it to be accurately reported.

- Revenue Variance: We calculated the revenue variance and found it to be Ghc 5,088.00, which represents a 56.3% increase over the projected revenue. This calculation is accurate.

- Internal Revenue Streams: We verified the internal revenue streams of Ghc 5,630.00, which accounts for 39.8% of the total revenue. This calculation is accurate.

- External Revenue Streams: We verified the external revenue streams of Ghc 8,498.00, which accounts for 60.2% of the total revenue. This calculation is accurate.

Expenditure Analysis Audit

- Total Expenditure: We verified the total expenditure of Ghc 19,202.45 and found it to be accurately reported.

- Expenditure without Returns: We verified the expenditure without returns of Ghc 5,202.45, which accounts for 27.1% of the total expenditure. This calculation is accurate.

- Expenditure with Returns: We verified the expenditure with returns of Ghc 14,000.00, which accounts for 72.9% of the total expenditure. This calculation is accurate.

Financial Position Analysis Audit

- Open Balance: We verified the open balance of Ghc 5,720.35 and found it to be accurately reported.

- Current Balance: We verified the current balance of Ghc 645.90 and found it to be accurately reported.

- Projected Balance: We verified the projected balance of Ghc 18,362.83 by August 8, 2025, and found it to be reasonably estimated.

Growth Rate Analysis Audit

- Actual Growth Rate: We calculated the actual growth rate and found it to be 56.3%, which is accurately reported.

- Internal Revenue Streams Growth Rate: We calculated the internal revenue streams growth rate and found it to be 45.1%, which is accurately reported.

- External Revenue Streams Growth Rate: We calculated the external revenue streams growth rate and found it to be 64.7%, which is accurately reported.

Audit Findings

Our audit findings are as follows:

- Revenue: We found that the foundation's revenue recognition policies and procedures are in accordance with accounting standards. The revenue transactions were properly recorded and accounted for in the financial report.

- Expenditure: We tested the expenditure transactions and found that they were properly authorized, recorded, and accounted for in accordance with the foundation's policies and procedures.

- Strategic Investments: We evaluated the strategic investments made by the foundation and found that they were properly accounted for and disclosed in the financial report.

- Financial Position: We found that the foundation's financial position is fairly presented in the financial report, and the projected financial position is reasonable based on the assumptions and estimates used.

Audit Recommendations

Based on our audit findings, we recommend the following:

- Regular Review of Financial Reports: The foundation should regularly review its financial reports to ensure that they are accurate and up-to-date.

- Internal Controls: The foundation should continue to maintain strong internal controls over financial reporting to ensure the accuracy and reliability of its financial reports.

- Strategic Investment Monitoring: The foundation should continue to monitor its strategic investments to ensure that they are aligned with its mission and goals.

Conclusion

In conclusion, our audit of the Subanpaonuado Foundation's financial report and budget statement indicates that the financial report presents fairly, in all material respects, the financial position of the foundation and its projected financial position. We found that the foundation's revenue recognition policies and procedures are in accordance with accounting standards, and the expenditure transactions were properly authorized and recorded. We also evaluated the strategic investments made by the foundation and found that they were properly accounted for and disclosed in the financial report.

Signed by Wilson Boamah Frimpong, Certified Public Accountant

Accra, Ghana

April 21, 2025

Subanpaonuado Foundation Financial Overview (April 26, 2021 - April 27, 2025)

Executive Summary

The Subanpaonuado Foundation's financial statement for the period April 26, 2021, to April 27, 2025, provides a comprehensive overview of its financial performance, including revenue growth, expense management, and financial projections. This report highlights the foundation's significant revenue growth, financial activity, and potential for continued expansion and stability.

Financial Highlights

- Total Revenue Received : Ghc 139,756.79

- Total Projected Revenue : Ghc 211,616.79, representing a 51% increase from total revenue received

- Total Expenses : Ghc 139,110.89, with SPF business loan accounting for 43% of total expenses

- Projected Balance : Ghc 18,362.83 (as of August 8, 2025)

Revenue Analysis

The foundation's revenue streams include Susu revenue, bond interest, and other potential revenue. The yearly revenue analysis is as follows:

- 2021-2022 : Ghc 38,911.79 (28% of total revenue received)

- 2022-2023 : Ghc 42,836.79 (31% of total revenue received)

- 2023-2024: Ghc 96,400.00 (69% of total projected revenue from Susu and bond purchasing)

- 2024-2025: Ghc 10,520.00 + projected revenue

Expense Analysis

The foundation's expenses include SPF entitlement packages, general meetings, and SPF business loans. The yearly expenditure analysis is as follows:

- 2021-2022 : Ghc 5,603.00 (4% of total expenses)

- 2022-2023 : Ghc 37,738.29 (27% of total expenses)

- 2023-2024 : Ghc 42,075.00 (30% of total expenses)

- 2024-2025 : Ghc 59,297.60 (43% of total expenses, SPF business loan) + other expenses

Projections and Financial Performance

The foundation's projected revenue is Ghc 211,616.79, representing a 51% increase from total revenue received. The projected balance as of August 8, 2025, is Ghc 18,362.83. The foundation's financial performance analysis indicates:

- Revenue Growth : Ghc 71,860.00 (51.41% increase)

- Overall Growth Rate: Approximately 51.41%

- Annual Growth Rate: Approximately 12.85% per annum

- Economy Size: The Subanpaonuado Foundation's economy size can be estimated to be around Ghc 211,616.79.

Balances and Profit/Surplus

The foundation's balances and profit/surplus are as follows:

- Balance as of April 7, 2025: Ghc 645.90

- Balance as of May 13, 2025: Ghc 15,905.90 (2465% increase from April 7, 2025)

- Profit/Surplus from May 13, 2025, to August 8, 2025: Ghc 2,456.93

- Projected Balance as of August 8, 2025: Ghc 18,362.83

Challenges and Opportunities

The foundation faced challenges in revenue generation due to members' inability to renew their memberships. However, the foundation's new policies on SPF weekly Susu and SPF Business Loan aim to provide a financial safety net for members and promote sustainable economic growth.

Conclusion

The Subanpaonuado Foundation's financial statement demonstrates significant revenue growth and financial activity over the specified period. With an annual growth rate of approximately 12.85%, the SPF is poised for continued financial expansion and stability.

SUBANPAONUADO FOUNDATION BUSINESS LOAN APPLICATION FORM.

APPLICANTS FULL NAME. :      

GHANA CARD ID :      

YOUR SPF ID. :      

HOUSE ADDRESS. :      

TELEPHONE NO_ :       

TYPE OF BUSINESS :      

ACCOUNT NUMBER :      

PLACE OF WORK. :      

HOME TOWN. :      

MARRITAL STATUS :        

NAME OF HUSBAND / WIFE. :      

CONTACTS . : ...........................

GMAIL. :       

SIGNATURE. : .......................................................

FIRST GUARANTER DETAILS 

FULL NAME OF GUARANTER. :      

HOUSE ADDRESS. :       

GHANA CARD ID OF GUARANTER. :       

JOB TITLE OF GUARANTER. :       

CONTACTS OF GUARANTER :       

SIGNED : .......................................................

SECOND GUARANTER DETAILS 

FULL NAME : :       

HOUSE ADDRESS. : 

GHANA CARD ID OF GUARANTER :       

JOB TITLE OF GUARANTER :       

CONTACTS OF GUARANTER :       

SIGNED : .........................................................

NB : An applicants shall presents two of his or her passport pictures, a valid SPF membership card and a copy of his or her Ghana card. Moreover, you must be a member of the SUBANPAONUADO FOUNDATION with good standing before you can apply. Furthermore, an application fee is Ghc 50.00 and deposit 15 % of an amount requested and make sure you provide us a valid details. Note : we verified the details provided by an applicant within 72 hours before an approval is been made. All loans attracts 2 % interest per week which is mandatory and must be paid on time. However, failure to comply with it will constitute a financial crime and will be dealt with by the laws of the Republic of Ghana. For more information kindly contact the SPF financial department on 0594905919/0243506560/0243215382/0244446540. Please Kindly pay your weekly interest and principal to the account of the SPF financial Secretary only on this MOMO number: 0594905919 . 

LOAN AMOUNT : GHC 00.00. 15 % DEPOSIT : GHC 00.00     

INTEREST PER WEEK : 2 % : GHC 00.00   

PRINCIPAL + INTEREST PER WEEK : GHC 00.00              

DURATION. : SIX ( 6 ) MONTHS 2% PER WEEK : GHC 00.00

ACTUAL AMOUNT + INTEREST : GHC 00.00 REF : 

LOAN OFFICER’S SIGNATURE : ......................................................................................

SPF FINANCIAL SECRETARY SIGNATURE : ......................................................................................

RESUME DATE : ........................................... EXPIRED DATE : ...............................................................

The idea we've described is a flexible savings plan that allows members to save any amount and withdraw it at any time when needed. This type of plan is designed to help members build their financial freedom and boost their accounts. It was proposed by the CEO, Mr. Joseph Nkrumah Boahene, and implemented on June 1, 2023. However, the account had so far received a total amount of Ghc 56,900.00 since its initiation. Moreover, as of 27th February 2024, the account had only received a total amount of Ghc 3,000.00 and has succefully grew to Ghc 56,900.00  in the 7th April, 2025 with help of the introduction of the SPF weekly susu.

 Let's go through this concept of a flexible savings plan in more detail.

A flexible savings plan is a type of savings account that allows members to save any amount of money they want, and withdraw it at any time when they need it. This type of plan is designed to be flexible and convenient for members, so they can save money in a way that works best for them.

One of the key benefits of a flexible savings plan is that it helps members build their financial freedom. By allowing members to save money in a flexible and convenient way, they can accumulate savings over time and have the ability to access those savings when they need them. This can help members achieve their financial goals and build a stable financial foundation.

Another benefit of a flexible savings plan is that it can help boost members' accounts. By saving money in a flexible and convenient way, members can increase their savings over time and potentially earn interest on those savings through stratagic investment such as the SPF bond or the SPF investment packs. This can help members grow their accounts and achieve their financial goals.

Overall, a flexible savings plan is a useful tool for members of an organization who want to build their financial freedom and achieve their financial goals. By allowing members to save money in a flexible and convenient way, it can help members accumulate savings, boost their accounts, and achieve financial stability.

SUBANPAONUADO FOUNDATION's SPF Emergency Fund

Executive Summary

The SUBANPAONUADO FOUNDATION's SPF Emergency Fund is a vital financial tool designed to address emergency financial issues within the organization. Initiated by Chairman Mr. Joseph Kwabena Tanu and supported by the financial department chairman, the fund has received a total amount of Ghc 12,754.72 since its implementation on August 1, 2023. This report provides an overview of the fund's sources of revenue, benefits, and the concept of an emergency fund.

Introduction

The SUBANPAONUADO FOUNDATION's SPF Emergency Fund is a proactive measure to ensure the organization's financial stability and security. The fund's primary objective is to provide a financial safety net for unexpected expenses or financial challenges, enabling the organization to maintain its operations and achieve its goals.

Sources of Revenue

The SPF Emergency Fund has received revenue from various sources, including:

1. Initial Deposit : Ghc 1,020.00 (surplus from mandatory payment for Mary Akotowaa's mother's funeral)

2. Fundraising : Ghc 495.00

3. Members' Monthly Payments : Ghc 1,540.00

4. 2% Redrawal Levy on SPF Siebi : Ghc 1,138.00

5. Interest on Loans : Ghc 7,561.72

- SPF Business loan : Ghc 2,340.00

- SPF Soft loan : Ghc 5,221.72

Benefits of the SPF Emergency Fund

The SPF Emergency Fund provides several benefits to the organization, including:

1. Timely and Effective Addressing of Emergency Financial Issues : The fund enables the organization to quickly respond to unexpected expenses or financial challenges.

2. Quick Access to Resources : The fund provides immediate access to financial resources, reducing the need for external financing or borrowing.

3. Financial Stability and Security : The fund helps maintain the organization's financial stability and security, ensuring continuity of operations.

Concept of an Emergency Fund

An emergency fund is a reserve of money set aside to cover unexpected expenses or financial challenges. Its purpose is to provide a financial safety net, helping individuals and organizations avoid debt and maintain financial stability.

Key Benefits of an Emergency Fund

1. Financial Stability and Security : An emergency fund helps maintain financial stability and security.

2. Avoidance of Debt : An emergency fund reduces the need for external financing or borrowing.

3. Ability to Cover Unexpected Expenses : An emergency fund provides immediate access to financial resources.

4. Reduced Financial Stress : An emergency fund helps reduce financial stress and anxiety.

Conclusion

The SUBANPAONUADO FOUNDATION's SPF Emergency Fund is a valuable tool for achieving financial stability and security. The fund's diverse sources of revenue and benefits demonstrate its effectiveness in addressing emergency financial issues. By maintaining a well-funded emergency fund, the organization can ensure continuity of operations and achieve its goals.

Recommendations

1. Continue to Contribute to the Fund : Members and stakeholders should continue to contribute to the SPF Emergency Fund to ensure its sustainability.

2. Regularly Review and Update the Fund : The organization should regularly review and update the fund's policies and procedures to ensure its effectiveness.

3. Increase Awareness : The organization should increase awareness about the importance of emergency funds and the benefits of the SPF Emergency Fund.

By implementing these recommendations, the SUBANPAONUADO FOUNDATION can further strengthen its financial stability and security, ensuring the long-term sustainability of the organization.

 The SPF Less Privileged Fund : This fund was initiated by the financial secretary of the SPF to address the needs of underprivileged individuals in the community and the country at large.

One of the key benefits of the SPF Less Privileged Fund is that it can help address social and economic inequalities by providing support to underprivileged individuals. By allocating resources to this fund, the SPF can provide assistance to those who need it most and help improve their quality of life. So far this fund has generated a total of Ghc 3,228.00 through members monthly payment, and it was constituted on the first of April 2024. However, the fund has been in existence as of today, 7th April, 2025.

Overall, the SPF Less Privileged Fund is a useful tool for the SPF to achieve social and economic justice. By allocating resources to this fund, the SPF can provide support to underprivileged individuals and help address social and economic inequalities. The leadership of the foundation through its SPF vision 2024 had donated Ghc 2,000.00 to the Forever True Friends Foundation an orphanage home situated at the Abokobi Boi in the Greater Accra.

let's go through the concept of a fund designed to support underprivilleged in more detail.

A fund designed to support underprivileged individuals is a reserve of money that is set aside to provide assistance to those who need it most. This can include things like financial assistance, food, clothing, and other resources that can help improve the quality of life for underprivileged individuals.

The idea behind a fund designed to support underprivileged individuals is to provide a financial safety net for those who are facing economic hardship. By providing assistance to those in need, the fund can help address social and economic inequalities and improve the well-being of underprivileged individuals.

One of the key benefits of a fund designed to support underprivileged individuals is that it can help improve the quality of life for those who are facing economic hardship. By providing assistance to those in need, the fund can help alleviate financial stress and provide a pathway to a better future.

Overall, a fund designed to support underprivileged individuals is a useful tool for organizations and communities who want to promote social and economic justice. By allocating resources to this fund, they can provide assistance to those who need it most and help improve the quality of life for underprivileged individuals.

 The SPF Weekly Susu: This initiative was initiated by the entire membership of the Subanpaonuado Foundation during a general meeting in February 2024. However, the financial department had so far received a total amount of Ghc 38,000.00 and had been forwarded to the various accounts in the SPF SIEBI.

The idea behind the SPF Weekly Susu is to help members save money to meet their financial obligations within the organization. By setting aside a small amount of money on a regular basis, members can build up their savings and avoid disqualifications during the SPF membership renewal project.

One of the key benefits of the SPF Weekly Susu is that it can help promote financial accessibility among members of the Subanpaonuado Foundation. By providing a structured and convenient way for members to save money, the initiative can help individuals and families achieve financial stability and security. 

Overall, the SPF Weekly Susu is a useful tool for the Subanpaonuado Foundation to promote financial stability and security among its members. By providing a structured and convenient way for members to save money, the initiative can help individuals and families achieve their financial goals and maintain their membership in the organization.

Let's go through the concept of a savings initiative in more detail.

A savings initiative is a program or initiative that is designed to help individuals and families save money. This can include things like setting aside a fixed amount of money on a regular basis, or providing incentives for saving.

The idea behind a savings initiative is to provide a structured and convenient way for individuals and families to save money. By setting aside a fixed amount of money on a regular basis, individuals and families can build up their savings and achieve their financial goals.

One of the key benefits of a savings initiative is that it can help individuals and families achieve financial stability and security. By saving money on a regular basis, individuals and families can cover unexpected expenses and avoid going into debt. This can help them maintain their financial stability and achieve their financial goals.

Overall, a savings initiative is a useful tool for individuals and families who want to achieve financial stability and security. By providing a structured and convenient way to save money, these initiatives can help individuals and families build up their savings and achieve their financial goals. 

However, It's also good to providethe  summary of financial activities related to this SPF weekly susu ( Savings ):  Here is a breakdown of the key points:

1. Weekly Susu Implementation: Implemented on August 6, 2024, generating a total amount of GH₵ 38,000.00.

2. Special Levy: A 2% special levy of GH₵ 760.00 was imposed for the acquisition of SPF T-shirts and Lacoste items.

3. *Financial Department Activities on the introduction of 2% redrawal levy through the SPF constitution:

   - Redrawal Levy: Generated GH₵ 549.00 from a 2% redrawal levy on amounts redrawn for personal use.

   - Redrawals Amount  For Personal Use: Total GH₵ 27,450.00 was redrawn by depositors for personal use.

   - Redrawals Amount For Debt Settlement: Total GH₵ 4,050.00 was redrawn by depositors to settle their debts within the organization.

   - An Amount Used For The Activation of SPF Bonds/Investment Packs: Some depositors used GH₵ 3,500.00 to activate SPF bonds or investment packs.

   - Remaining Balances: The remaining balance in various accounts stands at GH₵ 4,000.00. Moreover, here is the percentage details of the various activities on the SPF Weekly Susu ( Savings ).

Let's break down the percentages of each type of redrawal and the remaining balance in a detailed manner.

 Step-by-Step Explanation:

1. Total Redrawal Amounts:

   - Personal Use: GH₵ 27,450.00

   - Debt Settlements: GH₵ 4,050.00

   - Investment Packs: GH₵ 3,500.00

   - Remaining Balance: GH₵ 4,000.00

   

                 Summary:

- Personal Use: Approximately 72.24% of the total redrawal amount was used for personal purposes.

- Debt settlements: Approximately 10.66% of the total redrawal amount was used to settle debts within the organization.

- Investment Packs: Approximately 9.21% of the total redrawal amount was used to activate SPF bonds or investment packs.

- Remaining Balance: Approximately 10.53% 

This detailed breakdown helps us understand how the total redrawal amounts were different uses and the remaining balance.

This summary outlines the financial transactions and their purposes within the specified timeframe. 

 Mr. Timothy Frimpong is a dedicated and successful leader who has made significant contributions to the Subanpaonuado Foundation. His election with a substantial majority of the votes cast reflects the confidence and support of the members in his leadership. His background in business development and his ability to guide the organization in acquiring a mobile money merchant account are impressive achievements. Additionally, enrolling both members and their next of kin in the national health insurance scheme demonstrates his commitment to the well-being of the community. Overall, Mr. Frimpong appears to be a motivated and hard-working president who believes in possibilities and achievements.

Let's break down the information about Mr. Timothy Frimpong in a detailed and structured manner:

1. Election and Voting Results

- Date of Election : November 30, 2023

- Percentage of Votes Cast: 55.81%

- Outcome: Mr. Frimpong was elected by a significant majority. However, he lost the next election to Mr. Bright Oko with 42.80% in his favour while his main contender had  57.19% in the year 2024, 22nd, December.

2. Personal Background

- Nationality: Ghanaian

- Region of Origin: Central region of Ghana

- Current Residence: Accra, the capital city of Ghana

3. Professional Qualifications and Experience

- Certificate of Business Development: Indicates formal education and training in business management.

- Businessman: Demonstrates practical experience in running and managing a business.

4. Membership and Leadership Role

- Date of Registration with the Organization: October 7, 2021

- Law-Abiding Member and Leader: Shows adherence to legal and organizational rules.

- Motivator and Hard-Working President: Highlights his leadership qualities and dedication to the organization.

5. Achievements and Contributions

-  Acquisition of Mobile Money Merchant Account: A significant achievement that indicates his ability to secure financial services for the organization, which is crucial for operations and growth.

- Enrollment in National Health Insurance Scheme: Reflects his commitment to the welfare and health of the members and their families. This initiative likely provides financial protection and access to healthcare services.

6. Leadership and Membership Status

- Formal leader And A Member: Indicates a central and pivotal role within the organization, suggesting that he is both a formal leader and an integral part of the membership.

                   Summary

Mr. Timothy Frimpong is a Ghanaian businessman and leader who was elected to a leadership position within the Subanpaonuado Foundation and later lost to Mr. Bright Oko in the year 2024 December. He holds a certificate in business development and has been a law-abiding member and leader since October 7, 2021. His election with 55.80% of the total valid votes cast reflects the confidence and support of the members. Under his leadership, the organization has achieved significant milestones, including acquiring a mobile money merchant account and enrolling members and their next of kin in the national health insurance scheme. These accomplishments demonstrate his dedication to the organization's success and the well-being of its members. However, his electoral defeat in 2024 December 22nd was shockingly. 

Let's break down the information  about Mrs. Emma Asibi Adu in a more detailed manner:

1. Citizenship and Background:

   -Ghanaian Citizen by Birth: Mrs. Emma Asibi Adu is a native-born citizen of Ghana. This means she was born in Ghana and holds citizenship by virtue of her birth in the country.

   Northern Part of Ghana: She hails from the northern region of Ghana, which is one of the administrative regions in the country. The northern part of Ghana is known for its cultural diversity and rich history.

2. Current Residence:

   - Haatso Ecomog in Accra: Mrs. Adu currently resides in Haatso Ecomog, which is located in the capital city of Ghana, Accra. Accra is the largest city in Ghana and serves as the political and economic center of the country.

3. Membership and Contributions:

   - Registered into the Organization on 14th February, 2021, 3 Years Ago : Mrs. Adu joined the organization three years ago, indicating her relatively recent involvement. This suggests that she has had  impactful tenure within the organization. She was voted in as the general secretary in the year 2022 with 73.5% and later retained her seat in 2024 with 78.5%.

   - Great Leader and Game Changer: Over the past three years, Mrs. Adu has made significant contributions to the organization. The term "game changer" implies that her efforts have brought about substantial and transformative changes within the organization.

   - Law-Abiding Member: She has consistently adhered to the laws and regulations of the organization, demonstrating her reliability and commitment to maintaining order and the intergrity of the organisation.

                   Summary:

Mrs. Emma Asibi Adu is a Ghanaian native who currently lives in Accra. She joined the Subanpaonuado Foundation three years ago and has since become a highly influential and transformative leader within the organization. As the General Secretary, she plays a crucial role in the strategic direction of the foundation. Mrs. Adu was elected to her current position with a significant majority, receiving 73.5% of the total valid votes cast by the foundation's members on November 30, 2022 and 78.5% in 2024. She is a degree holder and an expert in academia, bringing a wealth of knowledge and experience to her role. Her adherence to the law further underscores her reliability and dedication to the organization the past three years, Mrs. Adu has made significant contributions, earning her the reputation of being a game changer and a key figure in driving positive change within the foundation.

Nana Okyere Samuel is the financial secretary of the Subanpaonuado Foundation. He is a Ghanaian native from Osino, in the eastern part of Ghana, and holds a first-class degree in Business Management and a Bachelor's degree in Accounting. Currently residing in Madina Deeperlife, Nana was registered with the Subanpaonuado Foundation on April 26, 2020, and was elected as the financial secretary by the SPF members with 95.89% of the total valid votes cast in the year 2021, January. Since assuming office, Nana has consistently restructured the financial department, making it more vibrant and reliable for the organization and fostering sustainable economic growth. His efforts have transformed the organization from a mere WhatsApp platform into a dynamic entity aimed at helping one another and assisting the less privileged in Ghana, with support from the founder and the chief executive officer. Nana's contributions have been tremendous and significant. He is a transformative leader and a game changer. He has done a lot for the organisation and through his leadership at the financial department, he has been able to introduced so many stratagic interventions such as business loan and soft loan with interest that is helping the SPF members.

 Background

- Role: Nana Okyere Samuel served as a financial secretary at the Subanpaonuado Foundation.

- Tenure: He held this position for 2 years.

- Recognition: After his term, the founder advised him to continue his good work.

 Key Achievements

1. Election Victory:

   - Date: November 30, 2023

   - Result: He won with over 97.97% of the total valid votes cast.

   - Date : December 22, 2024.

   - Result: He won with 100% of the total valid votes cast .

   - Significance : This high percentage indicates widespread support and confidence in his leadership among the members or stakeholders of the foundation.

2. Leadership Impact :

   - Role : He was the brain behind the success of the organization.

   - Development : He played a significant role in the development of the Subanpaonuado Foundation.

 Contributions to the Foundation

- Business Support Fund : Provided financial assistance to members to start or expand their businesses.

- Accommodation Fund : Helped members secure housing or financial support for housing needs.

- SPF Business Loan: Offered soft loans to members for business purposes.

- Soft Loan and Grants : Provided additional financial support through grants and soft loans.

- SPF Less Privileged Fund : Provided soft for the under-privileged in community and the country at large

  Summary

Nana Okyere's tenure as a financial secretary at the Subanpaonuado Foundation was marked by significant achievements and contributions. His leadership led to the successful implementation of various programs aimed at supporting members and furthering the foundation's mission. His election victory with an overwhelming majority reflects the trust and confidence placed in him by the organization's members.

 Mr. Bright Oko is a dedicated and experienced member of the Subanpaonuado Foundation. His role as vice president, despite not winning the executive election, indicates his commitment to the organization's success. His background in law, profession as a driver, and active involvement in his role suggest he is a valuable asset to the foundation.

 Let's break down the information provided about Mr. Bright Oko in a detailed and structured manner:

 Explanation:

1. Role and Position:

   - Current Position :  President of the Subanpaonuado Foundation.

   - Previous Position : Vice president.

   - Appointment : Appointed by the president to assist him on December 1, 2022, following the SPF executives' elections.

2. Election Outcome :

   - Contested Election : Mr. Oko lost to Mr. Timothy Frimpong with 47.20% in the November 2022 SPF executives election.

2024 Executives Election :

   - Result : Mr. Oko defeated Mr. Frimpong Timothy in the 2024 election by securing 57.19% of the total valid votes cast.

3. Membership and Contributions :

   - Registration Date : Registered with the organization on August 19, 2021.

   - Significant Role : Played a significant role in the success of the organization since his registration.

   - Law-abiding Member : Adheres to the laws and regulations of the organization.

   - Leadership Style : Exhibits a selfless leadership style, indicating he prioritizes the organization's goals over personal gain.

4. Professional and Personal Background :

   - Nationality : Ghanaian by birth.

   - Residence : Lives in Djayon, Accra, which is part of the Greater Accra region, the capital city of Ghana.

   - Profession : Works as a driver.

             Summary:

Mr. Bright Oko is the president of the Subanpaonuado Foundation, elected on the  December 22, 2024. Despite contesting and losing the executive election to Mr. Timothy Frimpong by securing 47% of the total valid votes cast in the previous election, He contested in the 2024 22nd December SPF election and won with 57.19% of the total valid votes cast. Mr. Oko has been a dedicated and law-abiding member since his registration on August 19, 2021. He has played a significant role in the organization's success and is known for his selfless leadership style. Mr. Oko is a Ghanaian native from the Greater Accra region, residing in Djayon, Accra, and working as a driver.

Mr. Joseph Kwabena Tanu is a prominent figure in the Subanpaonuado Foundation, having made significant contributions to its progress and success. His leadership style appears to be effective, as evidenced by his election with a substantial majority of the votes. Additionally, his involvement in constituting the SPF emergency fund further demonstrates his commitment to the organization's success.

 Let's break down the information provided about Mr. Joseph Kwabena Tanu and his role in the Subanpaonuado Foundation in a more detailed manner.

1. Chairman of the Organization : Mr. Tanu holds a leadership position as the chairman of the Subanpaonuado Foundation. This indicates that he is responsible for overseeing the organization's activities and making key decisions.

2. Registration Date : He was registered with the Subanpaonuado on October 27, 2021. This suggests that he officially became a member or was recognized by the organization on this date.

3. Nationality and Birthplace : Mr. Tanu is Ghanaian by birth and hails from the Volta region of Ghana. He was born in Koforidua, which is located in the eastern part of Ghana.

4. Residence : Currently, he resides in Asare Botwe, which is in the Greater Accra region of Ghana. This provides information about his current location and possibly his area of influence or operations within the Subanpaonuado Foundation.

5. Election and Voting Percentage : Mr. Tanu was elected by the members of the organization, receiving 73.5% of the total valid votes cast. This percentage indicates a strong support base among the members, reflecting their confidence in his leadership and ability to lead the organization effectively. He was re- elected to the chairmanship position in the year 2024 22, December with 71.40%, though his votes reduced by some margin of 2.10% compared to the previous election.

6. Constitution of the SPF Emergency Fund : He played a crucial role in establishing the SPF emergency fund. This fund is likely a financial reserve set aside to address unforeseen circumstances or emergencies that may arise within the organization. Mr. Tanu collaborated with Nana Okyere Samuel, the chairman of the SPF financial department, to create this fund. This collaboration highlights his ability to work with others and his expertise in financial management.

7. Impact on the Organization : Mr. Tanu's contributions have significantly impacted the progress of the Subanpaonuado Foundation. His leadership style is described as a testament to the success of the organization, implying that his approach has been effective and beneficial to the foundation's goals and objectives.

In summary, Mr. Joseph Kwabena Tanu is a key figure in the Subanpaonuado Foundation, known for his leadership, effective election, and significant contributions to the organization's progress. His ability to work collaboratively and his impact on the foundation's success are noteworthy aspects of his role.

Mr. Joseph Nkrumah Boahene is a highly skilled electronic engineer and the founder of the Subanpaonuado Foundation. He is known for his gentle, kind-hearted, and humble nature, making him an ideal representative of the foundation's aims and visions. As the majority bond holder of the Subanpaonuado Foundation, he has shown a strong dedication to the organization's goals and values. Mr. Boahene played a pivotal role in initiating the SPF SIEBI Savings, a successful program that has positively impacted the lives of many individuals. He is a law-abiding individual who was formally registered with the Subanpaonuado Foundation on April 21, 2021, during a restructuring period. His contributions to the organization have been invaluable, and he continues to be a source of inspiration for all who work with him. We are honored to have Mr. Joseph Nkrumah Boahene as the founder and chairman of the advisory committee for the Subanpaonuado Foundation. His exceptional leadership, dedication, and commitment to the organization make him an invaluable asset to our team. We look forward to continuing our work with him to make a positive impact on the community.

https://subanpaonuado5.aidaform.com/free-template-art-class-registration-form

 SPF Membership Renewal Project

                    Introduction

The Subanpaonuado Foundation's (SPF) Membership Renewal Project is a comprehensive initiative designed to evaluate the financial performance and compliance of its members. This project is conducted every four months to ensure that members meet specific criteria, fostering accountability, financial responsibility, and continuous improvement within the organization.

                         Objective

The primary objective of the SPF Membership Renewal Project assess and ensure that members adhere to stringent financial standards by managing their debts effectively and maintaining up-to-date information status. This process aims to promote financial stability, support sustainable development, and enhance the overall quality of membership within the foundation.

Key Requirements for Qualification

1.  Debt Management

   - Debt Clearance : Members must clear all outstanding debts before proceeding to the next level of membership.

   - 80% Debt Paid Off : If complete debt clearance is not feasible, members are required to have paid off at least 80% of their total debt. For example, a member with a Ghc1,000.00 debt must have paid at least Ghc 800.00 to qualify.

2.  Information Status

   - Update Personal Details : Members must provide updated contact information, including address, phone number, and email address.

   -  Employment Status : Current employment status, job title, employer, and contact details at the workplace must be provided.

   - Other Relevant Information : Any other pertinent details such as education, training, or specific circumstances affecting the member's financial situation should be updated.

Benefits of Renewal Project

- Enhanced Financial Responsibility : By requiring members to manage their debts, the foundation ensures that members are financially responsible and capable of handling their obligations.

- Financial Stability : Clearing debts or achieving significant debt reduction contributes to financial stability, which is crucial for long-term success and sustainability.

-  Accurate Data Collection : Updating information ensures that the foundation has accurate and up-to-date data about each member, enabling informed decision-making and targeted support.

-  Personalized Support : Knowing the current status of members allows the foundation to offer personalized assistance and resources tailored to their specific needs and circumstances.

                          Conclusion

The Subanpaonuado Foundation's SPF Membership Renewal Project is a critical component of the organization's efforts to maintain high standards of accountability, support, and continuous improvement among its members. By adhering to the outlined requirements, members demonstrate their commitment to financial responsibility and contribute to the overall stability and sustainability of the foundation.

This profile provides a clear and professional overview of the SPF Membership Renewal Project, highlighting its objectives, requirements, and benefits.

THE CONSTITUTION OF THE SUBANPAONUADO FOUNDATION.

Article 1/1 : Preamble The introductory statement of the SUBANPAONUADO FOUNDATION constitution. Guarantees the Principle of Equal rights; Freedom; Justice, Transparency and Accountability; and the protection and preservation of members opinion and their Rights and Freedoms, United, Well democratic standards and Stability. The 26th of April, 2021 constitution of the SUBANPAONUADO FOUNDATION drew primarily from the lessons from the previous leadership and how they governed this organisation preamble states clearly what the 2021 SUBANPAONUADO FOUNDATION will employ when incorporated as the supreme law of this non governmental organisation if the two-thirds of the SPF members assigned their signatures to it by the way of voting in a free, transparent election. The leadership shall also invest some of the revenue that may be generated to be able to achieve a cash flow for the vision and the mission of the organisation. 

Article 1/2 : NAME : The name of this organisation shall be known and called SUBANPAONUADO FOUNDATION.

Article 1/ 3: SLOGAN: The slogan of this organisation shall be SUBANPA OO! SUBANPA of which its members shall respond ONUADO OO! ONUADO.

Article 1/ 4. AIMS AND OBJECTIVES: The aims and objectives of the SUBANPAONUADO FOUNDATION is to forster unity among members and be each other keepers and find sustainable solutions to the problems bordering its members and love one another as one family and develops the interest of its members and let it be among the first class organisation in the continent and world at large.

Article 1/5. MANAGEMENT OF SUBANPAONUADO FOUNDATION: There shall be leaders who shall control the affairs of SUBANPAONUADO FOUNDATION. However, the leadership shall consist of the following:

The President

The Chairman

The General Secretary

The Financial Secretary

The Organiser

The Special prosecutor

Moreover,the leaders shall be vetted and be voted for by the 50.1%  majority of the members of the SUBANPAONUADO FOUNDATION through a well democratic manner and shall be sworn-in by the chairman of the electoral committee of the SPF. Moreover, the CEO or the Founder shall join the executives without going through the electoral process.

Article 1/6 : THE SPF COMMITTEES: There shall be the following committees that will undertake the day to day activities of the SUBANPAONUADO FOUNDATION.

Executives Committee

Planning Committee

Welfare committee

Disciplinary committee

Advisory committee

Financial Committee

Electoral committee. However, the chairman shall chaired all the executive Committee meetings and the general meetings in the SUBANPAONUADO FOUNDATION, the Founder shall be the chairman for the advisory committee and has the privilege to appoint members to its Committee and shall constitute afive members advisory board and the duty this advisorycommittee board is to give advise to both members and the leadership on the day to day activities of the organisation. The President shall be the leader, the overall boss, the financial decision maker and the first and last member of the SUBANPAONUADO FOUNDATION and can chaired all meetings in the SUBANPAONUADO FOUNDATION and shall be recognised as such. The Organiser shall be the chairman of the planning Committee and shall chaired its meetings. The General Secretary shall work in all the various committees and shall record all meetings and take records of the activities in the various committees of the SUBANPAONUADO FOUNDATION. The Financial Secretary shall receive all payments and shall publish all payments and receipts to ensure transparency and accountability in the SUBANPAONUADO FOUNDATION and shall be the chairman for both the welfare committee and the financial committee. The Special prosecutor shall be the chairman for the disciplinary committee and shall investigate all matters and report its findings to the executive Committee for final the decision to be taken. The final Secretary shall put in an automated response payments system to facilitate its day to day financial reports to the entire membership of the SUBANPAONUADO FOUNDATION.

Article 1/ 7 DUES, WELFARE ,BIRTHDAY FUND, EMERGENCY FUND, THE EXECUTIVES FUND, AND LESS PRIVILEGE FUND. The shall be a payments of ten cedis monthly dues , ten cedis monthly welfare, ten cedis monthly birthday fun, ten cedis monthly emergency fund, five cedis weekly payment of the less priviledge fund, and the twenty cedis executives fund which is non refundable when a member decides to quit or leave the organisation and a member can pay his or her monthly contributions on the daily , weekly or monthly basis. However , the executives enjoys packages from the executive fund whiles members does not. A member has four months to settle all debt or at least 80% of his or her total debt in the organisation before the SPF membership renewal project. SMoreover, any qualified member who has received an entitlement package from the SUBANPAONUADO FOUNDATION shall remain in the organisation for more than five years before he or she can decides to quit or leave the foundation. However, such a person shall also participates in all activities of the SUBANPAONUADO FOUNDATION including payments of dues,welfare, birthday fund, Mandatory contributions, voluntary contributions, executives fund and any other levy that may be considered by leadership of the SUBANPAONUADO FOUNDATION. 

Article 1/8 : MEETINGS: The leadership of the SUBANPAONUADO FOUNDATION shall organise General Meetings three times in a year. however, the executive shall meet whenever the needs arises. Moreover, members shall attend all meetings and failure to attend to a

meeting or any other events without proper notification or without informing the leadership a week or two weeks before the event attracts two hundred Ghana cedis penalty and shall be paid within 7 days and failure to comply with this article shall constitute disrespect of the SPF constitution and influence the Executives decision terminate your membership in the SUBANPAONUADO FOUNDATION. Moreover, an active member receives 100% of his or her entitlement package whiles non- active member enjoys 50% of the entitlement packages in the SUBANPAONUADO FOUNDATION. 

Article:1/9:The Financial department of SUBANPAONUADO FOUNDATION shall prepare its budget statements based on the budgets from the various committees and shall be presented by the financial Secretary of the SUBANPAONUADO FOUNDATION. The Financial department shall not embark on any expenditure that exceed 80% of its total received revenue and shall implement cost-saving measures to improve the organization's financial reserves. 

Article 1/10. AN ENTITLEMENTS: A member who has duly joined this organisation and with good standing and has no debt in this organisation and has been in the SUBANPAONUADO

FOUNDATION for more than six months qualified

1. To receive Two Thousand Ghana cedis when he or she invites the order for the following

Naming ceremony

Marriage ceremony

Death of Parents/ Spouse

To receive two hundred Ghana cedis every year as His or her birthday package. However, each and every active qualified member is subjected  to two thousand Ghana cedis entitlement package from the SUBANPAONUADO FOUNDATION. Meanwhile, those who are not active members but has no debt in the SUBANPAONUADO FOUNDATION and has been in the foundation for more than six months are subjected to a maximum of five hundred Ghana cedis. Moreover, if a member dies, the same amount specified as an entitlement package shall be given to the next of King of such a member. 

To have access to the SPF SOFT LOAN AND BUSINESS LOAN with an interest of two percent per week, and also have the right to invest in the SPF business loan and earn 1.5% interest on any amount invested. 

To have his or her health insurance card be renewed every year. Moreover a qualified member shall also enjoy the renewal of the health insurance scheme of his or her next of King yearly. 

A member who had contributed in the SPF EMERGENCY FUND for more than one year shall request for an emergency support. However, the leadership shall give such a member 70% of what he or she had contributed in to the SPF EMERGENCY FUND. Moreover, a member who haven’t contributed to the SPF EMERGENCY FUND does not qualified to receive any amount from the SPF EMERGENCY FUND. 

6. To receive voluntary payments from the SPF members whenever he or she invites us on the following: a birthday parties

b. funerals of children. and graduations. However, a member who receives an entitlement shall stay in the SUBANPAONUADO FOUNDATION and shall pay his or her dues, welfare, birthday fund, executives fund and all the mandatory contributions that may occur in the organisation for five years before he or she can decides to quit or leave.

Article 1/11. all payments above hundred cedis that may be paid by the financial Secretary shall subjected to an executive approval with the 50.1% votes of its total executives present. Article 1/12 SUBANPAONUADO FOUNDATION EXECUTIVES ELECTIONS AND APPOINTMENT: The electoral commission of the SUBANPAONUADO FOUNDATION shall organise elections for the members to elect their executives who shall stir the affairs of the organisation in a free, fair and transparent manner. however, the system of voting shall be an electronic voting system to ensure transparency, accountability and justice. Moreover, apart from the Founder of the SUBANPAONUADO FOUNDATION, all the executives shall shall be elected by a total of 50.1% of the total valid votes cast to represent majority votes of its entire memberships. The powers of the executives expires after the end of every two years and has the right to contest again.However, the chairman of the electoral committee shall be appointed at the general meeting and shall be a person who doesn't hold any executive position and shall work with the Founder and the candidates representatives to ensure free and fair elections.

Article 1/13. MEMBERSHIP RENEWAL PROJECTS: The financial Secretary shall organise the SPF membership renewal project every four months to ensure the following: a. seriousness and commitment of its members

b. replacement of addresses of its members who have move from their previous locations. c To assess the financial status of its members. However, a member shall pay not less than 80% of his or her total debt with the four months before his or her status can be renewed. Failure to comply with this article shall lead to the termination of one's membership in the SUBANPAONUADO FOUNDATION.

Article 1/14: terms of office of the executives: The executives shall hold office for two years before his or her executive power shall be revoked by article 1/12. However, the incumbent has the right to contest for his or her previous leadership position or can decides to contest for any other positions in the organisation.

Article 1/15 : CODE OF CONDUCT : Members shall respect each others opinion when discussing matters on our various platforms or our physical meetings and abide by all the articles in this constitution and failure to do so attracts Ghc 200.00 penalty and failure to pay the exact amount the executives have the power to terminate the membership of such a person. 

Article 1/16: A member shall invites or inform the leadership of the SUBANPAONUADO FOUNDATION to an event or program a Month before the program and shall make sure he or she has no debt in the SUBANPAONUADO FOUNDATION. The payment of dues, welfare, emergency fund, The less priviledge fund, Mandatory contributions and birthday fund is mandatory and none refundable when a member decides to leave or when leadership terminate the membership of such a person. However, dues, welfare and birthday fund can be increased when the need arises. However, the increments is generally accepted when the two third of the members approve it by majority votes. 

Article 1/17 MANDATORY CONTRIBUTIONS: Members shall contribute an amount that will make up to eighty ( 80 ) percent of the specify amount a member is entitled to and take twenty percent from the welfare account by the financial Secretary and be given to the qualified member who invited the organisation.

Article 1/18 : VOLUNTARY CONTRIBUTIONS: members should contribute an amount he or she feels to support a member who is not qualified to receive an entitlement package from the organisation. However, members are not false to contribute because it's not mandatory but it's by one's will to do so.

Article 1/19 The president in consultation with the advisory committee has the power to appoint three members committee to investigate issues or matters that may come without asking permission from the Special prosecutor. Moreover, the president shall at all times makes he or herself available to the executive Committee and the entire membership of the SUBANPAONUADO FOUNDATION. The executives has the power to terminate membership of any member whose actions may undermine and affects the development of SUBANPAONUADO FOUNDATION. Members of the executives shall not receive any salary at end of month. however, the organisation shall provide all the necessary resources to its office holders to be able to work more effectively and efficiently. Furthermore, any one who needs an advise shall go to the advisory committee for an advise. Moreover all the reports from the various committees shall be forwarded the executive Committee and the office of the president. Article 1/20 SIGNATORIES: The signatories of any documents shall be signed by the following executives:

*THE PRESIDENT

THE GENERAL SECRETARY

THE FINANCIAL SECRETARY

THE CHAIRMAN

THE ORGANISER

THE SPECIAL PROSECUTOR

THE FOUNDER. However, the electoral committee chairman shall signed documents that relates to an elections of the SUBANPAONUADO FOUNDATION. Moreover, the president in consultation with the leadership shall appoint the PRO for the SPF and the chairman shall appoints a porter whenever there's a meeting.

Article 2/ 1: MEMBERSHIP: A person become member of the SUBANPAONUADO FOUNDATION if such a person has duly registered into organisation and had paid for his or her registration fee. However, any member of the SUBANPAONUADO FOUNDATION who introduces a new member to the organisation shall receives thirty percent commission on the registration fee of the member he or she introduced. Moreover, any member who do comply with these articles in the constitution of the SUBANPAONUADO FOUNDATION shall be subjected to the disciplinary committee and if found culpable shall pay an amount of Ghc 200.00. However, if a member who has been given penalty to pay refuses to pay will be subjected to the termination of his or her membership in the SUBANPAONUADO

FOUNDATION. Moreover, relationship issues is not tolerated in the SUBANPAONUADO FOUNDATION and if a member decides to bring in any relationship issues without the the notification of the executives committee shall be subjected to the disciplinary measures and if found guilty shall pay an amount of Ghc 200.00. However, a member with the issues of relationship matters shall prompt the executive Committee for proper action to be taken.

Article 2/2 AMENDMENTS: The review of this constitution shall be done base on the proposals presented by a member two weeks before the General Meeting of the SUBANPAONUADO FOUNDATION and shall be voted for by two third of its members present or a decision that may taken by the leadership and the entire members in a well democratic manner. Moreover, any persons or committees which may edit these articles in SPF constitution constitute high crime against the fundamental laws of the Republic of Ghana 🇬🇭 and shall be prosecuted and punished. 

Moreover, the shall be a payment of Ghc 30.00 by every rregistered member to help organise the item 13 of the SPF GENERAL MEETINGS 

Article 2/3 : THE SPF EMERGENCY FUND. There shall be a payment of Ghc 10.00 at the end of every month by each and every registered member of the SUBANPAONUADO FOUNDATION and shall be forwarded to the SPF EMERGENCY FUND. Moreover this payments will take effect on the coming 6th of August , 2024

•There shall be a fund raising program at the last Sunday of every month. However, any amount that may be received shall be forwarded in to the SPF EMERGENCY FUND. 

From today on was 30 % of the registration fees of any registration that will be done in this organisation shall be forwarded into the SPF EMERGENCY FUND.

• 20 % of the total revenue received every month on our dues payments shall be forwarded in to the SPF EMERGENCY FUND 

• 80 % of all the penalties that may come on our as an organisation shall be forwarded to the SPF EMERGENCY FUND. 

•Any balance or profits that may be received from the SPF MANDATORY CONTRIBUTIONS shall be forwarded to the SPF EMERGENCY FUND. 

•50 % of all SPF BUSINESS LOAN interest and its Soft Loan interest shall be forwarded in to the SPF EMERGENCY FUND. 

•2% of any amount that may be redrawn by a member in his or her SPF SIEBI account shall be forwarded in to the SPF EMERGENCY FUND. However, transfer of any amount by a member in the SPF SIEBI account shall 

Article 2/4 : THE LESS PRIVILEGE FUND: The less privilege fund is established to enable the SUBANPAONUADO FOUNDATION and its leadership to undertake certain responsibilities on the less priviledge in our conot be subjected to the 2 % reduction.

•20 % on all voluntary contributions shall be deducted and be forwarded in to the SPF EMERGENCY FUND. Moreover, the leadership shall borrow an amount to add up to the SPF MANDATORY CONTRIBUTIONS whenever there’s a shortfall of the contributions to make it up to the 80% bench mark. mmunities and our country at large. Therefore, from today 28th January 2024 mark the beginning of the implementation of this fund. However, each and every member shall pay an amount of Ghc 20.00 per month to support build the fund. This disbursment of this fund shall be every year and it shall be used for the following:

A) Educational support 

B) Medical support 

C) Welfare support

D) Hunger eliminated support. 

The L.P.F is solely designed and dedicated to the less priviledge in our communities and our country at large. Moreover, aside this LPF, 10% of the annual revenue received on the SPF EMERGENCY FUND shall be added to the less priviledge fund before its disbursement.

Article 2/5 : An entitlement package time line for the SPF main entitlement packages: A member who had received an entitlement package in the SUBANPAONUADO FOUNDATION shall wait for 16 months before he or she can enjoy another entitlement packages. Moreover, a member who has been in the SUBANPAONUADO FOUNDATION for more than five years and has no debt without taking shall stop the payment of the following: Dues, and Welfare. While he or she receives 5% of the total amount contributed on Dues and welfare as monthly bonus for 16 months and shall be registered on an enterprise insurance with a minimum payment plan.

Article 2/6 : An SPF SOFT LOAN AND BUSINESS LOAN.

A member who qualifies for an SPF Loans shall be a member who has duly resgistered in the Subanpaouado Foundation with good standaning and has no debt in the organisation. An applicant of such member shall meet all the neccesary requirements and shall comply with all the terms and conditions. An applicant who defauted the terms and conditions of this products shall be subjected to 2.5 % additional charges and shall be subjected to not less than 5 months restrictions of access to this loans and if failed to comply shall be subjected to the constitution of the Republic of Ghana.

Article 2/6 : An SPF INVESTMENT PACKS.

A member with good standing who is willing to invest in the SPF investment packs shall be subjected to the SPF bond with an interest of 1.5% per week. However, the financial department shall tax 0.3% of the interest made by an investor and shall be forwarded into the SPF emergency fund weekly. Moreover, the SPF shall take responsibility of an investment made by an investor if it fails to disburse the amount that is suppose to be tranffer to an investor's account on time and shall be subjected to 2.5% additional interest. Moreover, an investment made through the SPF investment packs shall based on certain durations and wanting to redraw before the due date and time  shall subjected to restrictions.

Miss. Emilia Abalo Kake is a member of the SUBANPAONUADO FOUNDATION. Registered in the year 2022. She has been a law abiding member since she became member and contested for the position of organizer in the year 2024 and won with 85.70% of the total valid votes cast. She has been one the hardworking member who partake in all activities in the SPF. Her electoral victory demonstrates her commitment and dedication to the progress of organisation. She is half Ghanaian and half Togolis. She is a business woman and a strong beneficiary of the SPF business loan. She has the highest credit score in the SPF and continues to grow her business through the support of the SPF loans. She is trust worthy and and one of the humble individuals in our community.