2024-10-31-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
	Sangeeta Deo
	Adesegun Taiwo Onitiri
	Mr A J Ekpeh
Employees:	Oshione Ekpeh
	Joe Williams
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 2024. 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 £70,213.50 and expenditure of £73,536.65

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: 31/03/2025

A,bS REGISTERED CHARITY NUMBER: 1138899 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 ocfoBER 2024 IroR AFEMAI CHILDRENS TRUST Harrison & Co Chartered Accountants 531 Denby Dale Road West Ca]der Gn)ve Wakefield West Yorkshire WF4 3ND

AFEMAI CHILDRENS TRUST CONTENTS OF THE FINANCIAL STATEMETrrvs FOR THE YEAR ENDED 31 OCTOBER 2024 Page Report of the Trustees Independent EmIlle$ Report ststement of Fin*nti#l Activities Balanee Sheet Notes to the Flnancial Statements Detailed Ststem¢#t of nIn¢la1 Aetivities

DLw$vJn Envdope10.. EF144D.9D2D4F592&D41EAD3 AFEMAI CUILDRENS fRU&Y REPORT OF THE TRU.8TKES FOR THE YEAH &NDKD31 ocfoBIR 21ll4 The trJste¢8 present their report with th¢ financial of the dtarity for the Y ended 31 O¢tob¢r 2tt24. 'the trjjfftes have adopted the provisions of Acwwtting Reporting by Cbarities: Statemelli of Recomtwjded PracticE applicable to chaTitÈ¢8 preparttig their ac¢ount$ In a¢rdance with th¢ Finan¢i&i RcportiTrg Stattdard applicable in the UK and R¢public of Ir¢land (FRS 102) (effe¢iiv¢ l January 2019). 6overrtinE d0Ment 11]e charity is controll¢d by its governiD8 thwneni a deed oftrust and ¢onstitutts on unincorporated charity. REFERENCE AND ADMINISTRATEVE DETAIts Rltered Chjrity number 1138899 Principal athlre 23 Be¢¢h Street Tingley Wakefield WP3 IRW Trustrts Mr A J Ekyeh Mr D Mrs Ss D¢0 Mr A T O*ttiri llldcpendent Ex8mlDer Hanison & C Chartcred Accountaots 531 Denby D41¢ Ro&1 We# C21der Grove W&kefield West YOhlre WF4 3ND Approv¢d by of the bos oftrpth on 24 Mar¢b 2025 aDd sig1 on its lJ¢Jwlf by. $vJn44br. Mr D Ha&wL- I'ntstee Pagr I

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFEMAI CHILDRENS TRUST Indepethdent examinerfs report to the trustees of Afemai Chlldrens Trust I report to the charity thistres on my examin0 of the a¢counts of Afemai Childrens Trust (the Trust) for the year ended 31 O¢tober 2024. ReypoDSlbllttle5 and basls of report As the charity tsvstee5 of the Trust YOU are sponsI1e for prep8r8tion of the aeeounts in aecordanee with the requirenKnts of the Charities knt 2011 (the Act,). I report in r&spe¢t of my exominatton of th¢ Tru,3 aoUnts catTied out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions giv¢n by the Chartty Commission w)d¢r S¢¢¢ion 14315Xb) of the ACL Independent examlner's ststement I have completed My examination. I confirn that no mat¢rial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounling r¢d$ were not kept respect of the Trurt as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not cvtnply with the appli¢abl¢ r¢quiJements ¢oncerning the forni and coni¢nl of accouiits set vut in the Charities (AcCots and Rewjrts) Regulation$ 2008 other any requir¢m¢nt that th¢ *(ouDts give a true and fair VIEW whidt is not a u)att¢r wnsid¢red as part of an indndent exarnination. I have no concem5 and hve corne acro&s no otber matters in conne10 with the examination to which atsentton should be drnwn in this rep)rt in order to enable a proFtr understathg of the accounts to be reached. Sherice PaTfitt FCCA HalSOn & Co Chartered A¢countants 531 Denby Dale R(Trad West Calder Grove Wakefield West Yorkshtre WF4 3ND 24 M8rch 2025 Page 2

AFEMAI CHILDRENS TRUST STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 OCTOBER 2024 2024 Total 2023 Total fimds Unrntricte fimd Restrict&J Note$ INCOME AJYD ENDOWMENTS FROM tknatioR]s and legacies 70.215 70,215 80.032 EXPENDrruRE ON Raising funds Raising donations and lega¢ie$ oth trading activities 2,059 508 47,966 23.199 50.025 23,707 20240 33,687 2,567 71,165 73.732 59.927 IYET INCOMEI(EXPENDITURE) (2,567) (950) (3,517) 20,105 RECONCILIATION OF FUNDS Total ndS brought forward 8,844 22.W22 30,866 10,701 TOTAL FUNDS CARRIED FORWARD 6,277 21.072 27,349 30.866 The note5 forni part of these fiwdncial ststements PACWA I

Dw$Eqn Envow ID.. E9CE144ty9D2NF992&D4lEA05ogBB3 BALANCE SHEET 31 ocfoBER 2024 2024 Totst 2023 Totsl utrIcted Restri¢t¢d fid fond CiIRRENT ASSETS Cath at battk hand 6.907 21336 21143 31.406 CREDITORS Ami)unts falling due within one year (630) (164) (794) 16Th)) NET CURRENT ASSETS 6277 21.072 27.349 30,866 TOTAL ASSETS LESS CURRrNr LIABILITIES 6,277 21.072 27349 30,866 NF.T ASSETS 6277 21.on 27J49 30,866 FUNLKS Unrestricted fuHd5 Restricted fitt 6277 21.072 22.022 TOTAL FUNDS 27,349 30,866 Th¢ fillanGial 5tstements approved by the Boord of Truste¢J and Authorised for issue on 24 MArth 2025 &ttd wae s]ed on its ihalf by: Sn••bY. È1ts5WDD4¥e43F.. S*dkr. 36QD97WBBE4 . Mr A J Ekpth. Thtstee PAftA

AFEMAI CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2024 ACCOUNTll¥G POLICIES Of pr¢p4rlng the financial statements The financial statements of the charity, which is a public benefir emity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harities preparing their accounts in a¢¢ordance with the Ftnan¢ial Reporting Standard applicable in the UK and Rq)llbli¢ of Ireland (FRS 102) (effectiv¢ l January 2019),, Financial Reporting Standud 102 The Financial Reporting Standard applicable in the UK and R¢publiL of Ireland, and the Charities kn 2011. The financial StateMts have been prepared under the historical cost convemion. Income All incorne is recognised in th¢ statnCt of Financial Activities once the charty has entitlement to the fund5, It is probable that the income will b¢ received and th¢ amount be rneasured reliably. Expendhure Liabtliti¢s ar¢ recognised as expenditure as soon as there is a legal or constructive obligation n)Itting the charity to that expenditure, it is pmbable that 8¢ transfer of economic benefits will be required in settlemcnt and the amount of the obligation cw be measured reliabty. Expenditure is counted for on an accnwls basis and has been cl&s5ifi¢d under headings that aggrega* cost related to the caiegory. Where costs cannot be directly attributed to particular headiw th¢y have been allocated to activities on a basis consist¢nt with th¢ use of resources. Tax&¢ion The cbarity is ¢x¢mpt frorn rnx on its charitable activiti¢$. Fund aCeOUDtlng Unr¢stricted funds ¢an be used in accordan¢e with the Charitable objectives at the discr¢lion of the thjstees. Restiicted fijnds ¢an only be used ftJT particular restricted purposes within the objects of the ¢harity. Restrictions arise when specified by the donor or when fu15 ar¢ rdised for particulaT restricted Purposes. Further ¢xplanation of the nature and purpose of fiwd is included ID th¢ notes to the financia] statemen RAISING DOL¥ATIONS AND LEGACIES 2024 2023 Support costs 50,025 26,240 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remwieration or other benefits for th¢ year ended 31 October 2024 twr for the year ended 31 October 2023. Trustees, expense8 There were no trustees, expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023. Page 5 continued...

AFEMAI CHILDRENS TRUST NOTES TO THE VIIYANCIAL STATEMEF4TS- FOR THE YEAR ENDED 31 OCTOBER 2024 COMPARATIVES FOR THE STATEMENT OF FINAf4CIAL ACTIVITIES Unrestricted fund Rtrithd fijnd Total fimds INCOME AND ENDOWMENTS FROM Di)nations and legacies 80,032 80,032 EXPENDITURE ON Raising fulld5 Raising dona¢ion$ and l¢gaci¢s Cther tradll activities 1.467 450 24,773 33237 26240 33.687 1.917 58,010 59.927 NET INCOMEIIEXPEIYDITURE) (1.917) 22,022 20.105 RECONCILIATION OF FUNDS Tota] funds brought fonvord 10.761 10,701 TOTAL FU]YDS CARRIED FORWARD 8.844 22,022 30,866 CREDITORS: AMOUNTS FALLIIYG DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors 630 600 794 600 MOVEMENT IN FUNtAS Net mov¢m¢nt in fjjnds At 1.11.23 At 31.10.24 Unre$trictsd fuDds Generdl fimd 8,844 (2,567) 6.277 Restrlcted thnds R¢stri¢ted 22,022 (950) 21.072 TOTAL FUNDS 30,866 (3.517) 27.349 Pag¢ 6 continu¢d...

AFEMAI CHILDRENS TRUST NOTES TO THE FINANCIAL STATEMENTS- iontinued FOR THE YEAR ENDED 31 ocfoBER 2024 MOVEMENf IN FUNDS- eontinued Net movement fimds, included in the alK)v¢ ar¢ as follows.. Incornin8 Resources expended Movement in funds Unrestrieted General fund (2,567) (2.567) Restricted funds Restricted 70215 (71,165) (950) TOTAL FUNDS 70.215 (73,732) (3.517) Cornpar4tiV¢g for movement ID fund$ Net movement in fvnd5 At 1.11.22 At 31.1023 Unre¥tricted funds General fund 10,761 (1,917) 8,844 Restricted funds Restricted 22,022 22,022 TOTAL FUI¥DS 10.761 20,105 30,866 CompAtive net moyernent in fjjnds, included in the abov¢ are &$ follows.. tncoming resourc¢y Resources Movement ¢xp¢nded in funds Ullrestrleled funds (ieneral fund (1,917) (1,917) Rdtri¢t¢d funds Restricted 80,032 (58,010) 22,022 TOTAL FUNDS 80,032 (59,927) 20,105 continued...

AFEMAI CHILDREIYS TRusr NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 OCTOBER 2024 MOVEMENT IN FUNDS- eontlnued A current year 12 months and prior year 12 Months combined position is as follows: Net movement in thnds At 1.11.22 At 31.10.24 Ullrestricted furtds Generdl fund 10.761 (4,484) 6.277 Restricted funds R¢stricted 21,072 21,072 TOTAL FUNDS 10,761 16,588 27349 A current year 12 Tnonths and prior year 12 Tnonths Combin net mov¢m¢nt Trn fi]n[ inCh¢d in the above are Is follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fimd {4.484) (4,484) Restricted fuDd4 R¢stri¢ted 150,247 {129.175) 21,072 TOTAL FUNDS 150247 (133,659) 16.588 RELATED PARTY DISCLOSURES There w¢r¢ no related party traTtsactioDS forthe ycor ended 31 October 2024. Page 8

AFEMAI CHILDRENS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 INCOME AND EI¥DOWMENTS Donationj aDd kga¢ieJ Grants 70.215 80,032 Tot*1 in¢oming resourcfs 70215 80,032 EXPENDITURE Other tr4dlnK g¢tlvttks Workshop5, project% equipment malla8¢ and session worke 450 33237 23,199 24,307 33.687 Support eosts Management StafTcosLs inc volunteer exp$ RenL rdtes water Insurance Telephone Advertising Sundries 42,079 5,431 96 633 300 256 20,516 815 837 376 48,795 25.640 Governance costs Accountancy and legal fees 630 600 Totsl resources ewnded 73,732 59.927 Net (expendltur¢yin¢omt (3,5L7) 20.105 This page does not forni port of the stathtw fin8ncial statements Page 9