2023-10-31-accounts - Afemai Children's Trust

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Afemai Children’s Trust

Trustees Annual Report

Year End: 31[st] October 2023

Registered Charity Number: 1138899

Afemai Children’s Trust

Charity Name:	Afemai Children’s Trust
Registered Address:	23 Beech Street, Wakefield, WF3 1RW
Charity Trustees:	David Hassan
	Oshione Ekpeh (resigned 28.04.2023)
	Sangeeta Deo
	Adesegun Taiwo Onitiri
	Mr A J Ekpeh (appointed 28.4.23)
Employees:	Oshione Ekpeh (appointed 01.05.2023)
	Joe Williams (appointed 01.05.2023)
Bankers:	Lloyds Bank
	17 Westgate, Wakefield WF1 1JZ

Afemai Children’s Trust

Trustees Report

The Trustees present their annual report together with the financial statements for Afemai Children’s Trust for the year ending 31 October 2023. The Trustees are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRSSE)).

Structure, governance and management

Constitution

The company a not for profit organisation and is governed by its constitution. Afemai Children’s Trust is a registered charity (number 1138899). The aims and objectives of Afemai Children’s Trust are to provide aid, education and learning opportunities to children struggling within the area:

The advancement of education of children living in Nigeria, in particular but not exclusively, by providing support to schools and their pupils in Nigeria.
The advancement of education of the public, in particular but not exclusively in African arts and culture.

Method of Appointment or Election of Trustees

The management of the company is the responsibility of the Trustees who are elected under the terms of the Constitution. Any full member of the Trust may be nominated to

stand for election to the Board of Trustees. The Trustees have the power to co-opt new Trustees who then stand for election at the next AGM.

Membership is open to anyone aged 18 and above who sign a declaration that s/he

agrees with the Objects of the Trust. Junior Membership is open to anyone aged under 18 who sign a declaration that s/he agrees with the Objects of the Trust.

Objectives and activities

The charity's objects

The aims and objectives of Afemai Children’s Trust are to provide aid, education and learning opportunities to children struggling within the area:

The advancement of education of children living in Nigeria, in particular but not exclusively, by providing support to schools and their pupils in Nigeria.
The advancement of education of the public, in particular but not exclusively in African arts and culture.

The charity's main activities

In furtherance of these objects but not otherwise, the trustees shall have power: To deliver workshops, training and learning sessions to develop and promote the charities aims and objectives.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of community development.

Achievements and performance

The Trust has successfully secured a three-year grant from the National Lottery Community Fund for our Healthy Minds project, which provides free counselling services to people of African heritage. This funding guarantees sustained support for our community, enabling us to offer essential mental health services and promote overall well-

being.

Additionally, Afemai Children’s Trust has established a partnership with Heritage Corner in Leeds, West Yorkshire. In this partnership, Afemai Children’s Trust is responsible for providing financial management support to Heritage Corner. This collaboration not only strengthens the operational capabilities of both organisations but also enhances our sustainability and growth. By working together, we are able to pool our resources and expertise, resulting in more comprehensive and effective services for our communities. This partnership exemplifies our commitment to fostering resilience and long-term success for both organisations.

Financial review

The income for the year was £80,032.00 and expenditure of £59,326.89

All income is restricted

Reserves policy

No reserves policy is in place as the Trust has no reserves, all monies are accounted for.

Risk Management

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. The Trustees are taking action to increase income through fund raising, grants, donations and possibly membership.

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the

incoming resources and application of resources, including the income and expenditure, of the charitable company for the year.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRSSE)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Name: Amanesi Ekpeh Trustee Date: 26/06/2024

REGISTERED CHARITY NUMBER: 1138899 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 FOR AFEMAI CHILDRENS TRUST Harrison & Co Chartered A¢couniants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND

AFEMAI CHILDREIYS TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Page Report ofthe Trustees Independent Eiamlner's Report Statement of Finaneial Activities Balanee Sheet Note5 to the FiD8nelal Statements 5 to 8 Detailed Statement of Financial Activities

OtrAJSign Envelope ID". AeeoB17F-84854118-gDEg-BSOFC8530858 AFEMAI CHILDRENS TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OC.TOBF.R 21n3 The trustees pre8eni their report with th¢ ftt)aneial of th¢ charity for the year ¢Dded 31 October 2023. The tnJs*es havc adopted the provisions of AOltIng and Reporting by ChaTities.' Statement of Recommended Prartic¢ applicable to ¢h#rit2e5 preparing their a¢(ounts in aordall¢e with th¢ FitiaTkcial Rcportirtg Standard applicable ID th¢ UK and R¢public IFRS 102) (effective l January 2019). SfRUCTURE. GOVERNANCE AND MANAGEMENT Govtrning docurneDt The charity is controlled by its governing documen¢ 4 deed of trust and constitvies an ullltKOted tharity. REFERENCE ADMINISTRATIVE DETAllS Re8ilter¢d Charlty number 1138899 Prlaeipl Addresy 23 B¢¢ch Street Wakefield WF3 IRW Trustees Miss O Ekp¢h {resigDed 28.4.23) Mr A J Ekpeh (appoint¢d 28.4.23) Mr D Han Mrs S D¢0 MrA T Onitri rndepeDdeDt Ex4lltiDer Harrison & Co Charter¢d Accowthts 531 Denby Dale Road W Ca]der Grove Wakeficld Wesi Yorkshire WF4 3ND Apixoved by order of the board of trustees on 26 June 2024 5ign¢d on its b¢half by: DDFu¥tynEdty'. 61B59E50D4584&f Mr D H&5saD. Tnthc Page I

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFEMAI CHILDRENS TRUST Independent exaJRiDer'5 report to the tnistees of Afemgi Childrens Trust I report to th¢ ctwiry tnEstees on my examination of the accounts of Afemai Childrens Tnt (the Trusi) for the year ended 31 October 2023. Re5pollslbilities and basls of report As the charity trnstees of the Tnjst you are responsible for the preparation of the accounts tn accordan¢e with the requirements of the Charities A¢t 2011 ('the Acv). I r¢port in respect of tlly examination of the Trust's accounts catTied out under Section 145 of the A¢t and in carrying out my exam1ttIon I have followed all applicable Directions givet] by th¢ Charity Conllnission under Section 145(5)(b) of the Act. Indepettdent examiner's stxtement I have Completed my examination. I confirni that no material matters hav¢ Corne to my attention in connection with the examination givtng rne cause to believe that in any material respect- accounttng records were not kepi in respe¢t of the Trnst as required by Section 130 of the Act- or the accounts do not accord with those records., or the accowjts do not comply with the applicable requirements concerning the fomi and ¢ontent of accounts set out the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no ¢on¢ems and have ¢ome across other matters in connection with the examination to which attention should be drawn in this report in order to etwble a proper understanding of the accounis to be rea¢h¢d. Sheri¢e Patfitt FCCA Harrison & Co Chartered Accountants 531 Denby Dale Road W¢5t Calder Grove Wakefield West Yorkshire WF4 3ND 26 June 2024 Page 2

AFEMAI CHILDRENS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 OCTOBER 2023 2023 Total funds 2022 Total fijnds Unrestricted fijnd Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 80,032 80,032 10,000 EXPENDITURE ON Raising funds Raising donations and legacies Other trading activities 1.467 450 24,773 33,237 26,240 3J,687 7.560 5.960 .917 58,010 59,927 13,520 NET INCOMEI(EXPENDtTURE) {1,917) 22.022 20,105 (3,520) RECOIYCILIATION OF FUNDS Tot21 fi]nds brought fonvard 10,761 10,761 14281 TOTAL FUNDS CARRIED FORWARD 8,844 22.022 30,866 10,761 The notes fonn part of thes¢ financial statements Page 3

(Yrtu&gn Envebpe ID.. A880B17F.84854118-9DE9-B50FC8530858 AFEMAI CHXLDRENS TRUST BALANCE SHEET 31 OCTOBER 2023 2023 Tothl 2022 Totsl fiwd5 Unrestiy¢t¢d fimd Restricted fimd Not¢s CURRENT ASSETS Cash * ballk and ill hand 9.444 22,022 31,466 10.761 CREDITORS Arnounts. falling thie wtthin one y (600) (6(M)) NKT CURREiYf A&SETS 8,844 22,022 30,866 10,761 TiyfAL ASSETS LESS CURIIEI¥T LIABILITIES 22,022 30.866 10,761 NET ASSETS 8,844 22,022 30,866 10,761 FUNDS UnTestrkcted funds Restri¢w] funds 10,761 22,022 TOTAL FUNDS 30,866 10.761 Th¢ fintn¢ial statem¢ttts were 8pproved by the Board of Trustees and authorised for issue 26 June 2024 gJMI were sigted on its behalf by.. Oll¢y$vJwd by. 61B59E50tM5PA3F Mr D Ha85aD. TTUStec IlacuS*nnd by.. JBOD9769B8BE435 Mr A J Ek. Tnee The notes fonn pwt of these financial statements Page 4

AFEMAI CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The fanCial staiements of the eharity, whirh is a public benefil entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102> 'Accouniing and Reporting by Charities: Ststement of Recommend¢d Pra¢ti¢e applicable to charities preparing their accow]ts in a¢rordan¢e with the Financial Reporting Srandard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chariiies Act 2011. The financial 5tat¢ments have been Prepared under the hisiorical cost convention. Income All income is recognis¢d in the Statement of Financial Activities once the charity has entitlement to the fids, it is probabl¢ that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or eonstnjctive obligation Committing the chartty to that expenditure, it is probabl¢ that a transfer of economic benefits will be required in settlement and the atnount of the obligation can be measured reliably. Expendille is accounted for on an accrnals b&gis and h&% been classified under headings that aggrewe all ¢ost related to the category. Where costs cannot be directly attributed to particular heading5 they have been alloCad to activities on 2 basis consistent with the use of resources. T¥x4tion The charity is exempi from tax on lis charitAble activities. Fund accounting Unrestricted funds be used in accordanee with the charitable objectives at the discretion of the trusiees. Re5tri¢ted fidS can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purp05¢S. Further explanatÉon of the nature and purpose of each fijnd is included I the notes to the financial statements. RAISING DONATIONS AND LEGACIES 2023 2022 Supw)rt costs 26,240 7,560 TRUSTEES, REMUNERATION AND BENEFITS There were no trust¢¢s' rernuner*ion or other b¢nefits for the year ended 31 October 2023 nor for the year end¢d 31 (ktober 2022. Trustees. expert There were no tnlee5, expenses paid for the year ended 31 (ktober 2023 nor for the year ended 31 October 2022. Page 5 continued...

AFEMAI CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢ted fiuid Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 10,O(M) 10,000 EXPENDITURE ON Raising funds Raising donations 2nd legacies Other trading activities 7,560 5,960 7,560 5,900 13,520 13,520 NET INCOMElff XPENDITURE) (3,520) (3,520) RECONCtLIATION OF FUNDS Total fiujds brought forward 14,281 14,281 TOTAL FUNDS CARRIED FORWARD 10.761 10.761 CREDITORS: AMouf+lTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors 600 MOVEMENT IN FUNDS Nei movement in ndS At 1.11.22 At 31.10.23 Unrestricted funds General fimd 10,761 (1,917) 8,844 Restrieted funds Restricted 22,022 22.022 TOTAL FUI¥DS 10,761 20,105 30.866 Page 6 continued...

AFEMAI CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu¢d FOR THE YEAR EP4DED 31 OCTOBER 2023 MOVEMENT IN FUNDS- eontinued Net movement in funds, included in the above are as follows.. Incorning resources Resources expended Movement ID fw)ds Unrestricted funds General nd {1,917) (1.917) Restricted funds Restricted 80,032 (58.010) 22,022 TOTAL FUNDS 80,032 (59,927) 20,105 ConTrparatives for movement funds Net movement in funds At At 31.10.22 Unrestricted funds General fjjnd 14,281 (3,520) 10,761 TOTAL FUNDS 14,281 (3,520) 10,761 Cotnparative net mov¢ment in fids, included in the above are as follows= Incoming resources Resourc¢s ¢xp¢nded Movement in funds Unrestriet¢d funds General fund 10,000 (13.520) (3,520) TOTAL FUNDS 10.i)00 (13,520) {3,520) A current year 12 months and prior year 12 months combined position is as follows: Net movemenl in fvnds At At 31.10.23 Unrestricted TndS General fund 14.281 (5,437) 8,844 Restrleted funds Restrieted 22.022 22.022 TOTAL FUNDS 14,281 16,585 30.866 Page 7 continued...

AFEMAI CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 MOVEMENT IN FUNDS- contlllued A CUTrent year 12 month5 and prior year 12 months combined net rnovement in funds, included in the Above aT¢ a% follows.. Incoming r¢sowces Resour¢es expended Movement in fund5 Unrestricted funds General fimd 10.000 {15,437) {5,437) Restricted funds Restrtcied 80,032 (58,010) 22,022 TOTAL FUNDS 90,032 (73,447) 16,585 RELATED PARTY DlSCtA)SURES There were no related pty transactions for the year ended 31 October 2023. Page 8

AFEMAI CHILDRENS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023 2023 2022 INCOM£ AND ENDOWMENTS Donations and legacies Grants 80,032 10.000 Total incoming resourtts 80,032 i 0,000 EXPENDITURE Other trading artivities Workshops. projects, equipment Managers and session workers 450 33,237 5,960 33.687 5,960 Support costs Mana8emettt Staff cost5 inc volunteer exps RenL rdtes and water Insurance Telephone Advertising Sundries 20,516 3,000 7,050 96 815 837 376 90 180 25,640 7,560 Governance costs A¢countancy and legal f¢e5 Totsi resources expended 59.927 13,520 Net in¢otD¢I(expenditure) 20.105 {3,520) This page d0¢5 not forn] part of the statytory financial sratements Page 9