(*)IGU GHANA UNION REPORT OF THE TRUSTEES AI ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
GHANA UNION CONTENTS OF THE FINANCIAL sfA TEMEIWts FOR THE YEAR ENDED 31 MARCH 202 Resxjn of the TJwste¢s Ito4 Intyndent ExamineFs Rewyrt Statement of FinaD¢ial Activiti&% Balance She¢t 7t08 Notes ty the Finavclal Statem 9t012 Detailed Ststemetrt ofFiDati¢ial Aetiviti&% 13
GHANA UNIO REPORT OF THE TRUSTEES R THE YEAR EPIDED 31 MAR The trustees who are also dArth)rn of the cbarity for the purFrfW of the Companies Act 21106, present their rert witb the fman¢ial statements of the cbarity for the year ended 31 March 2021. The kn1st have adopted tbe provisio$ of the Ststement of Recornmended Pwtice (SORP)'A¢counting and R¢tX)rng by Cbariti¢s' issucd in Mareh 2005. REFERENCE AND ADMlsTRATIvE DETAILS Registered Company nurnber 06395354 (EngI8nd and Wales) Registered Charity 1123393 Regtered orrwe 225-229 S¢ven Sister5 Road N4 2DA Trustees E Quayson {Chair) A Shardow (Treasurer) C Frimw)ng (Secretyry) J Murphy ZAdu G Ocloo D Yianoma Y B Offei S Asima C Okpattah M OseA-Agyapong M Nyaunu F Akwetey Comp9Y Secretsry C FrirnpoDg (Secretary) Bankers HSBC Bank PIC 60 Queen Victoria Patk London EC4N 4TR STRUCTURE GOVERNANCE AND MANAGEME Governing doeumeDt Ghana Union is a company limited-by-Gtsarante¢ 06395354 and a regISttr charity number 1123393 The company was itx¢orp)rated on 10 October 2(MJ7 and took oY¢rthe affairs of the utiincoryY)rated charity GhaDa Union London on l April 2(M)8. Rerrnitment and appointweDt of Dew trnst¢e The management ofthe charity is vested in the Executtve Committ¢e CODSiSting ofOffica5 aryl Member5 that aft elected by at the Annual general Meeting or c(H)N¢d by the Executive Committee.
GHANA uNroN REPORT OF THE TRUSTEES R THE YEAR ENDED 31 MARCH 2021 STRUCTURE GOVERNANCE AND MANAGEMEiYr Rtsk manggemtht The trnstees have a dutyto ideDtifyand r¢view the risks to which the chw isexpoS and to ensure appropriate contro]s are in place to proyide re&wnknl¢ assurance aga[ fraud and eOr. OWECTIVES Ai¥D AcrivrriES Objectives aims The objrtts of the Charity. a4 Slated in its Memorandum and Arti¢les of A%s(tiati(y (11 The preYeDlion or relief ofwyeny among Ghanaians the UK and Ghana (2) The advancement of education of Gbanaiarjs of atl ages in the UK alld GlJ3na (3) Th¢ advancement of the cultural heritage of Gha among Ghanaians ofail ages and the general public in the UK (4) TI1¢ relief of those GhaDaiaDS in need by reason OfyoErt age. gellder. ill-holtl4 disability, financial hardshtp or other disadvantages ill GhaDa and the UL ACHIEVEMENT AND PERFORhfANCE . Publie Porum and 14de del¢ Da Celebrgtioos The Charity held virtud public open fonuns during the year. The Ghana 41st Anniversary and Indepojdence Day celebratiODS scheduled to be attended by Hts Excelllw, the GhaDa High Commtssioner to the UK and IreI8nd not held. held tn the year 2020-2021 due to the impact of COVID 19 pandemic an4 ill additioJL 00 oth¢T activity was The Union has now been organisillg vittual ZOOM aw#ru$ tk4 OD var10 subjects including healtl COVID vaccinatiODS. trdvel advice and many other i&%ue The Ghana Union free advisory 5eTViC¢ to belp GhanataDS on issu&$ regdIng immigrntj0 holl5in& employment and many other issues continued to be available th Ghanaians. The fotitrns also gave the public the chance to discu&8 the Ghana Union &xl what is exp¢ct¢d of IL The ZOOM virtu foTums have Fffoved pwular at)d aitr&ted over 3 Pthicipants. Topics discussed includ¢d immigrdtion in the UK. Ghana Custom & Exci5¢. Investme in Ghan4 heahh i%sue& water. ethicatio land registration, th¢ stste of the roads ID Ghana aDd other topics. Social ttnd family welftre issu¢& The Pty in the Park usualJy h¢ld in with GhaDa Utiion was nrtkld this yeardue to cov 19 CtionS . Gilt aid.. Th¢ charity beld virtiw] ZOOM gtft aid trailling for its memlkn and was able to ¢laim gift aid for 20 Itwenty) groups- 21Y20-2021- £98,775 (17 gr0S forthe financial years to March 2020 Claiming a totsl of £76.4J2). No awards Ceremoni were held for the year due to cov 19 Testrlthions on activitie& Ghana Union hoFts to Continue this io th¢ futh. al bashlGhD# Union Newskttet The Ghana Union Magazine is acommuttitypublication created by Ghana UnioJL The Ghana UnionNewsletter(fornierty CaIabash) mag&ine was r¢in5taied and been running for six years to date. The sixth edition of the Ghana Union newsletter was published in (ktober 2019 and the Maga will continue to be published biannually. The previous copy was published in (ktoF*r 2019 for the Ghana Union 40th anniversary celebration. With COVID 19 impact on the world activilies it has be¢n diffi¢u]tto publtsh ts Dext tssu¢. The pub]icatAon of th¢ new51etter would soon resum¢. e. GHANA UNION YOUTH AND srAR PRIXJE Ghana Union Youth (GUY) Stsr project is an initiative of The Gbana Unton atkj it is by young le&lers who aspire to make a dtfference tn th¢ lives of the Ghanaian y¢)uth living An the Diasp l. The GUY Star project now Tuns Ghanaian language cl&sses ill Twi and Ga for the youdL yOUDg adults and adults at The College of Northeast Lotmlon (COLNEY). Tottenham High Roa4 N17 Haringey Near Seven Sisters statton. The langwdge classes Start initially for free for the first set of l¢ssons but there is now a £5.0 nominai charge per lesson. The classes are held Saturday mornings in North L¥Jth. From April 2020 with COVID19 these cl&ws are now held online on Zoom. 2. These events would be from th¢ sWpI of the GhaDa unl rtseryes and WoTld remit 5[KyS(thIp. We are also seeking furtlTrer spoAJsorshtps and gr•its and ifsuee¢ssfiJl woukl increase the activities to be organis&t
CHANA UNION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 ACHIEVEMENT AND PERFORMANCE-COUt... 3. Ghana Union would colltinue to promote young people's Iietworking and engdgement ev¢Dts in partnetship with other groups or &8soeiatioll for mutual lynefits. £ Ghanaian he Launck at P•rliameknt Holl1Th1 2018 The Ghanaian Con]munty Centre h&% be¢n 4t the f0Tefr of Ghana UttioD siuce 1995. "The Dream is for the Ghantiiat] commLmity to have a centre they call caIl their own and one they beproud of. A large ljall forpublic fimctions and indoor sp)Tty several meeting r(mlS compu/ternet tszintng rooms and offices but some ofthe faciitttes that can be provÈded at the centre.. The Ghanaian Community Centre bas been at the fore ofGhana Unton however, pledges have Dotalways been honoured and additional funds aregenerdlly raised viaGhaDa Unionsmain ille supply- the Ghana Indend¢nee DinnerDance. There was a Committee fornTr¢d during the year 201(kl l fr(xn the Ghanaian COllllDunities and individuals to Tevive the plan and pursue the acquisition of the Ghana resource cents The progre&s Jws lert slow due to ]ack of fidIng to support the 5¢ar¢h for the property. This initiative has been giv¢D a fr¢sh fiw by the GlJaDa Union l)trd now and in the comiog year. AND MARCH 2019 The Community CeDtr¢ Initiative Launch was held at Parliament H(ML%¢, Churthill Room-July2018. Tl]ere was a relaunch of the Cor(mlUQity Centre iDits*ive in Marrb 2019 at House of cotnm0 Parliament bouse. As a resuh of the renewed effort to make the GhantiiaD community c¢ntr¢ projert a rea]ty a finan and pwchase model was launclKd in Juty 2018 at the Churchill mom in the House of ParliameDL Westminster where Ghana High Commlssioffj Ghattaiall group leader& Churth¢& busiw SWDsors and rrf)tential investors were invited to participafr in the launch. The lautKh proyed successful and Ghana Unioll would Dow be holding fither road show5 at various venues and groy to enc(Mw4e participation ID the projecL We estnnate the inEti capital needed to start the project of aboLtt£2.OM (two million FK)unds). There wds a relaunch in March 2019 and a special vehicle ISPV) Company has been fornied to pe£d with the initiative. So far. somegroup5 aud itadividuals havepaid theirshares to the Company. These monies woutd fonn part ofthe deit towards th¢ purchase of the Commt]nity centre. Ghana Ullion has also patd for two ordi]w shares at the C£ of £20.1, that is £IO,(Kh) share Tn the Ghanaian Pryyperty Services Company Ltd (SPV) to enable the purchase of the GlwaiaD community ccntre with other cotnmunity 8rDup5 aod investOT& The COVID 19 pandemic has had an impact on the speed and wogr¢&s of SPV cottwany Gh4n# Ullion Adviso Ghana Union has continued to offerthe Gbana COMMlty advisorys¢rvio I Immtwtio employmen¢ family affairs. maritsl problems. welfare. sociaL healtiL rdcial ititegrattoti, and otherarea8. We have a ] of legal expens, rnedical alld many others. The service was as a r¢suh of our March 2014 dinner dance fiwwl raising pledge. This service is still availabl4 but this is Dow offered on IwJok¢d appointiL¢tts (N)ly. or# bomecomAU Co Thr¢e memkrs of Ghana Union board served on the Ghana Di&Tr homecomiDg Summit Comrnitt¢e The UK Homecoming Summit Committee plays a vitsl mle ID the succ¢5s ofthe Diaswd Summit pl8jIng which nornmlly take place in Accra International Centre. GI No wmmit held in 2021 due to COVID 19 restrictions. Th Uuion Following on from ow ]astleadcrfs conference io Iktob¢r2015 and rsskmanagementassessrnenttrainiD& theyears ahead will be In0 challenging but equally rewardi By 2023. Ghana Unton aims io delivering a Structured range of suppyrt aDd services for individua]s commuTrity organtsations backed by sound research. We are yet to comme the WOTk on the research projecL Fund5 may be availabl¢ to carry out this reseu¢h.
GHANA UNIO]Y REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH2021 AClllEVEMENT AND PERFORcE j. Ceovid-19 im tbreats and With COVD 19 impact on all OTW1Wio and bu5ioe&5es ID the wfftl4 Glw Union's vision and rni5siI)n of Stru¢tured range of servi¢es and Sup was affth Ghana Ullion has DOW re.structured the way it sUp[ts and deliveT5 its services with OTwisations and public it is now offering more online broasL Virtithl ialks aDd telecasts servi¢ffj &fvisory seryices as opposed to fac¢.tO-fa¢e meetings. This rat]ge of content delivery will be co• reviewed with the cl4nges offered according to the ¢volving COVID 19 situations. Ghana Union a150 CTrttinues to parther with Uncle jOFll bakery iti Nonb 1K>nd0 Omega TV. Access Medi4 Ghana Nurses Association (GNAA Western Region Nurses Association (WRAN) and our SPOnSOTS to serve the vulnerable membets of the Ghanatan wmmullity in time oftheir various needs. FINANCIAL REVIEW Reseryos poliry The trstee5 are aware that a pr(ent financial maDageMt of the clwtty requires that some funds are put aside for a "rainy da. After considering the contfHCThpal obligations of the charity, such as premise5 and other leasing obligations the tn]stee5 have decided th they would rEquire to hold funds in reserve. ¢quivaieDt to a minimum ofstx months total operdtiDg exp¢n(titure. This Means a total of approximat¢ly £15.(MX) fv the cunEnt financial year. The current l¢vel of free reserves adequately satisfies the charitys reseryts l1¢y. The thLStees pIaD ro generate fimds to increase the eurrellt level of Reserves. Funds in derllt There aTr no CtlY ID deficiL Approved by Order ofthe board of tn]stees 25 Septembtr 2021 and sign&J on its IKbalf by: A. Shardow (Treaswer). Trus*¢
INDEPENDENT EXAMIfvER'S REPORT CH .VA UNION I report on the accounts of the cornpaDy for the year endol 31 March 2021. wbich are set out on pages six to twelv¢. Re5ponsibllities and hsts of report As the ¢harity's tntstees (and also the directors for th¢ purposes of company law) are responsible for the preparation of the accounts in accordance with th¢ requirements of the Compani¢s Act 2006. O THE TRUSTEE OF Havin satisfied myself ihAt the charity is noi subject audit under eomwy law and is eligible for independ¢nt examination, I have examined your charity's accouiits as requtred under section 145 of the Charities Act 2011 { the Acr). In carrying out my examiltIOn I have followed the Directiolls given by th¢ Charity Commission under s¢¢tion 145{5)(b) of the 2011 Act. My role is to state whether any mat¢rial matters have come my attention giving me cause to believe: that accounting records were not kept as required by section 386 of the Companies Art 20(%5" or that the a¢couA]ts do not accord with those recor(ts: or that th¢ accounts do not comply with the accounting requirements of section 396 of the Cornpanies Act 21K16 and with the methods and principles of the Charities Sta*rnent of Recommended Prdctice applicable to charities preparing thetr accounrs ill accordance with the Fin•]cid Rertig Standard applicable in the UK and Republic of Ireland,. or that there is rther inforn]ation needej for a properuDdustsnding of the a¢cowi IndependeDt eTaffjiner'$ ststernent I have Lompleted my ¢xatnimttion and have no coTrc¢rns resp¢ct of the matters (l) 10 {4} list above in eomiection with following the DireaioD5 of the Charfftty Commission I have found no matter5 tbat require drawing your attention. E H TLiRKSON ACMA CGMA 456 High Road Le0 London E106QE Date.. 25 Septemter 2021 Page 5
GHANA UNION ATEMENT OF FINANCIAL ACTtVlTJES FOR THE YEAR ENDED31 MARC 2D21 2021 2020 Restrict¢d Ti)tat fiwds Total funds fid Not INCOMING RESOURCLg IncomiDg resourees frow g¢Der*t¢d fwnds VoluDtary iticome Investment income 40.398 40,398 69,634 25 Tot&l ioeomlng r¢sourcfJ 69.659 RESOURCES EXPENDED Ch8ritsble activiti Charitable Activities Goverttaoee costs 32.635 1,626 32.635 1.626 67.661 5,594 Total resoure¢s eiptnded 34261 34261 73.255 NET INCOMtNG/(OUTGOING) RESOURCES 6.139 RECONCILIATION OF FUNDS Totsl fuDds brought fonvard 6,139 {3,596) 4.680 20.( 24,680 28276 TOTAL FUNDS CARRIED FORWARD 10,819 20,0 30.819 24.680 Page 6
HANA UNION BALANCE SHEET AT 31 MARCH 2021 2021 2020 UnrestriLted R¢5tricted TotsI fu5 Tots] ft]Dds Not FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Investments C&%h at bank and in hand 487 1.191 20.( 887 20,0(M) 4,346 10.178 20.0(KJ 10,178 IlJ69 20.( 31,369 25,233 CREDITORS Amounts falling due within one yr (940) (940) (1.040) NET CURREwf ASSETS 10.429 20.(KMJ 30.429 24.193 TOTAL ASSETS LESS CURRENT LIABILITIES 10.819 20.IKKI 30,819 24,680 ET A&SETS 10,819 20,0(M> 30,819 24.680 FUNDS Unrestricted funds Restricted fimds 10.819 20,IM)O 4,680 20,0 TOTAL FUNDS 30.819 24.680
GHANA UNIO.Y LNCE SHEET- CONTThUED AT 31 MARCH2021 The charitable company is elltiiled to exempts.on fr{ audit under Section 477 of the Companies Act 21X)6 for the year ended 31 March 2021. The members bav¢ Dot required the company to obtaiti an audit of its fiDattciaI sratements for the year ellded 31 March 2021 in accordance with Sectioo 476 of the ConwaDi¢S Act 2006. The trustees acknowledge their resyousibiltlie5 for (a) (b) e05uring that the charitable cornpany keeps accounting [d5 that comply with Sections 386 and 387 of the Companies Aci 2000 and preparing fanCIal statements which give a true and fair view of the state of affai of the charirable company a5 ai the end of each fnCial year and of its surplus or deficit for each fllwicial year ill accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the CopanieS Act 2006 relating to fuwicial statements. so far as applicable to the cbaritable Company. These financiat statemenLq have been prepared in ac¢ordan¢e with the Wial provisiolls of Part 15 of the C¢)mpanies Act 2006 relating to cbwitable sll)l companies alld with the FiDancAal Rq[tillg StsndaTd for Smaller Entities (effective January 2015). The fillanci statements werE approved by the Board of Tnle¢S on 25 September2021 al were signed on its behalf by= rcasurer).T air -Trustee The lle$ forni part of these fillanCl ststemeDts Page 8
CHANA UNION TES TO THE F1Tr4ANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MAR H2021 ACCOUNTING POLICIKS AttoDJtlittg eoBveDtIo4 The financial statements have tr*erÈ Fry>arEd und¢r the histOTiCAI cost wllvelltio alld ID accordan¢e with th¢ Financial R¢[rtIllg Stalldd for Snklltr Etttsties (effertive April 21x18), the Companies Act 2006 and the requiremellts of the Statement of Reconunended Prxtic< A¢] al Retx)rting by Charities. coming res0rS All incoming resoUeS ar¢ inclu1 on the Slatement of Financial Acttvities wben the charity is legally entirfed to the income and the amount can quaDtified with reawnable ac¢urncy. ResouTces expended Expendittwe is accounted for on an accn]als b&sis h&% classified under headillgs that aggregate 411 cost related to th¢ category. Where costs Cann be directly attribu to Particular hthjings they have been allocated to Activities on a basis consistent Wtth the use ofresourc T#Dgibk fjxed #wets Ikpreciatxon is provid¢d atthe following artnuaI rates ill orderto writeoff ¢adt over its estimated usefvl life. Plant and machin Fixtures and fittings Computer equipment - on tsjucing ba]an¢e - 2(P/• on rEducing banCe . 2(Ph OD reduciDg balance Taxation The charity Ès exempt from Cowion on its cFwitabk &tivitt Fund aecothntlng Restrict¢d fimds can onty be used f0rpwtictdrCStrrctcd purp within th¢ objects of the charity. RestrictÈons arise when Sp]fied by the thynor or wh¢n fuDd4 are raised forparticular restricted pwp)se5. Further explanation of the natwe and puryx)se ofeath fund is inclth in the notes to the fll)ancial statements. INVESTMENf INCOME 2021 Int¢rest receivable 2020 25 NET INCOMING/(OUTGOING) RLSOURCES 2021 2020 97 121 TRUSTEFS. REmuNON AND BENEFns There were no tnth, remu[Wi or otlw IKDefits for the year ended 31)Aarch 2021 nor for th¢ year ended 31 March 2020. Trvstees, expeDses There were no tsijstees. expens¢s p4id ts the yr etykd 31 Marcb 2tr21 ry)r for the ythr thded 31 March 2020. Page 9
GHANA UNION N(yfES TO THE FINANCIAL STATEMENTS_ coNfiNUED FOR THE YEAR ENDED 31 MARCH 2 TANGIBLE FIXED ASSETS Plant FiXtieS and Computer achinery fitting5 equipment Totals At l April 2020 and 31 March 2021 2.156 530 2,652 5,338 DEPRECIATION At l April 2020 Charge for year 2.(h$5 18 2278 75 4.851 97 At 31 March 2021 2,083 512 4,948 I¥ET B(K)K VALUE At 31 March 2¢Y21 73 18 299 390 At 31 March 2020 91 22 374 487 DEwfoRS: AMOUNIS FALLING DUE WIThtN ONE YEAR 2021 Accr[1 Income 2020 887 CURRENT ASSET INVEsfMEiYrs 2021 2020 tnvestments-Gh Pty Servic¢s 20.0(MJ 20,0(K) CREDITOKS.. AMOiJN73 FALLING DUE WITlItN ONE YEAR 2021 2020 A¢cru¢d exFthses 940 MOVEMEI¥T IN FUNDS Nd movement in fiffjds At 1.4.20 At31.3.21 Unrestricted 4,680 6.139 10.819 Restrided 20,(KK) 20.0 TOTAL FUNDS 24.680 6.139 30.819 Page 10
S TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MAR H202 MOVEMENT IN FUI¥DS. ¢ODtinued N¢1 nwvement in finNl% includ1 in ave atE a8 folk) Jncoming Resouw Movement in re5011rces exp¢nd fimds UDrestrlrted General fid (34261) 6.139 TOTAL FUNDS (34261) 6.139 Compar•tiv¢s for thov¢meDt in Net movement At 1.4.19 Trdnsfers At 31.3.20 Unrestricted Funds General fill 23327 (4.596) (14.051) Restricted Funds Restricted fi]nd 4,680 4.949 14.051 20.(KM) TOTAL FUNDS 28276 3,5 CoTnparative net movement itt fimd4 iti the above are as folk)w5: 24,680 lllcoming Resources Movement in exEded funds Unrestricted finds General fund 68.659 (73255) Restri¢ted funds Restricted fi]nd (4,596) TOTAL FUNDS 69.659 3,596) A ¢unrnt year 12 tnonths and prloryw 12 llK)nths &)mbitied position És &% follows: Net movement At 1.4.19 Trdtjsfers At31.3.21 Unrestricted General fimd 23 J27 1,543 (14.051) 10,819 Restricted fuods Restricted fimd 4.949 14,051 20,0(K> TOTAL FUNDS 28.276 1543 30,819 Page li
ION NOTES TO THE FINANCIAL STATEMENTS. CONTINU FOR THE YEAR ENDEDJI MAR H 2021 MOVEMENT IN FUNDS. tontined A ¢umt year 12 months alld prior year 12 rn[ wmbiDed net Dv¢ment in fd4 inclth in the above are &8 follows". Incoming Resowces Movernent in fid$ UTrre5tricted General fimd 109.059 (107J16) Restricted funds Restrictrd fund 1,543 TOTAL FUNDS 110,059 107.516 2.543 Page 12