Charity number: 1170126 ITE50 WELFARE ASSOLIATION IUK) ITESO WELFARE ASSOCIATION (IWA) Impact with Action Registered as Charitable Incorporated Organisation (CIO) 11 November 2016 Registered and regulated by the Charity Commission for England and Wales Charity Number 1170126 Trustees, Report and Financial Statements For the Year Ended 31" March 2021 ITESO WELFARE ASSOCIATION {IWA) 1170126 Contents Legal and administrative information Trustees report Independent examiners, report Statement of financial activities Balance sheet Notes to the financial statements 8-10 ITESO WELFARE ASSOCIATION (IWA Logal and administrative infonnation Charity number 1170126 Registered offlce Kemp House 152 city Road London EC1V 2NX Trustees Charles Oluka Annet Agathe Akello Danny Frank Kedi Opolot Martin Osengor Obadiah Emaru Phyliss Egunyu Chairman Vice Chairman Treasurer Secretary Trustee Trustee Accountants Nuama & Co Ltd 102 Mitcham Lane London SW16 6NR Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ ITESO WELFARE ASSOCIATION IIWAI Report of the TrLtstees for the year ended 31 March 2021 Th8 trustees present their report and the finarlcial slatemenls for the year ended 31 March 2021 The Board of Trustees of Ileso Welfare Associatioft {IWA-UKI a charity Incorporated Organisation ICIOI hereby submits their annual report for the year ending as specified above. The trustees confirm that the annual Report and the financial statements of the CIO compty with the Up-t￿date statutory requirements, the requirem&nls of the Charity's Constitution and the provisions of the Statement of Recommended Practice ISORP) 'Accounting and Reporting by Charities" issued 2015. Soon after The AGM of January 2019, the new Board of trLtslees embarked on an ambitious programme of putting in place lools and programmes which could support the Charity's vision. The Board of Trustees set on a rethink project ir¢ order lo firstly,. produce a five year Strategic Plan which was successfully accomplished in June 2020, despite the challenges. The Board of Trustees was also able to Identify programmes that would fvrther the objectives of the Organisation. To that effect, the following programmes were created a$ a start.. Sexual and reproductive health, Long term health conditions such as diabetes, hypertension, Cholesterol, obesity. cancer, prostrate, sickle cell, glaucoma, etc, Mental health, women, children and the elderly, gender inclusion, ¢ar@ in the community, widows and widowers, history and Gullure, sport5, environment and education. After the start of whal was hoped to be the beginning of a year increased developments, The Board of Trustees noles with great regret that the Charity's activities were heavily impacted by the surge of the global pandemic ICovid-191 together wilh the aotivities of many instilutior¢s. All the oganisation's activities were suddenly brought to a halt due to the restrictions that were put in place., restriction to travel, association, work, soc121ising and many other acb"vities excepl for brief exercise in isolation that was deemed necessary, shopplng and work where it was impossible to work from home. Th8 Board is saddened to note that this epidemic has resulted in the loss of Ilves within our community. The Board's condolences to all the bereaved families and all those affected- loss of employment resulting in hardship, isolation, mental health problems, violence and increased use of drugs and alcohol. The Board of Trusteeg note that the organisation is facing many immediate and long lemi challenges. 11 is therefore with this in mind that the Board is relentlessly searching for new initiatives of Working and engaging with all its stakeholders with the hope of making sure the organisation continues fulfilling tts objectives. ITESO WELFARE ASSOCIATION IIWAI Rèport of the Tru$tèe$ for the yegr ended 31 March 2021 ReBerveB poIIcy The Trustees have reviewed the reserves policy and Consider it prudent lo keep sufficitint reserves, not invested in tangible a55els and unrestricted, lo enable il lo meet 118 current liabilities as they fall due. Thi5 will be kept as a minimum cash reserve in the ¢haiitls accoun15 and will be reviewed annually. Risk mana9ement The Trust88s hava assessed the major risk to which the charity is eXPOS8d. in partI￿lar those relating to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate its exposure to the major risk. Statement of Trustses. responsibilities The Charrties Act requires the Board of Trustee8 to prepare financial slalernenls for each financial yearwhich give a Irue and fair view of the stale of affairs ol the charity as at the end of the financjal year and of the surplus or deficit of the charity. In preparing those finanaal statements the board is required lo- Select surtable ac£ounting polirAes and then apply them rA)nsistenlly- make judgements and estimates that are reasonable and p￿￿ent., prepare the financial statements ()n the going concem basls unl¢$$ It 1$ >nappropri8le lo presume that the ¢harily will Continue in business. state whether applicable accounting standards and slalemenls of recommended practice have been followed, subject lo any material departures disclosed and explained in the financial statements,. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and whi¢h are sufficient lo show nd explain the Charit's transactions and enable them to ensure the financial statemènts comply with fegulth'ons made under the Charity's Act. Théy are also iesponsible for saleguarding the assets of the Charity and hence for taking reasonabfe steps for the prevention and detection of fraud and olher Iregularilies. Tha Trustees are also ￿sponsible for the contents of the Trustees. r8POrt. and the responsibility of the independent examlner In relation lo the Trustees. report is limited to examining the report and ensuring th81, on the face of the report, there are no inconsistencias with thé figures disdosed in the financial statement. Thls report was approved by the Board of trustees on 11 June 2021. PP: Charleskoluooluka. DFKOpolot. Charles Oluka, Chairman Danny Frank Kedi Opolot, Hon Treasurer ITESO WELFARE ASSOCIATION IIWAI Independent Examiner's Report to the Trustees of the Chartty forthe year ended 31 March 2021 Independent Examinerfs Statement, report and opinion Subject lo the limitations upon the scope of my work as detailed above in connectron wth my examinab'on, I can conlimi that 1} In accordance with Regulation 31 of The Charities (Accounts and Reports} regulations 2008 (The Regulations} the accounts of this inGoiporated charity are not required lo be audited under Part 16 of the Companies Act 2006," this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subseotion151(bl of that section which are applicable., and that. no matter has come to my attention in connection wrth my examinatitsn which gives me reasonable cause to believe that in any material respect the requirements.. il to keep accounting records in accordance with section 386 of the Companies Act 2006., ill to prepare financial statements which accord with the accounting records and comply wlth the accounts'ng requirements of section 396 of the Compnies Act2006 and., iii) that the financial slalements ￿ prepared in accordance with the methods and principles set out in the Ststement of Recommended practice- Accounting and Reporting by Charities have not been metr, or 21 to which, in my opinion, attention should be drawn in my report in order to enable a proper understsnding of the accounts lo be reached. NUAIIA &. CO. CHA. CER. ACCOUNTANTS 10? KIITCFI.IKI I...IXC Yaw Nuama Nuama & Co Ltd (b?nk 769 1 I'h Chartered Certified Accountsnts 102 Milcham Lane London SW166NR ITESO WELFARE ASSOCIATION (IWA) ststement of financial activities For the year ended 31 March 2021 2021 2020 Income Voluntary Income Total incoming resources 11,091 12,096 11,091 12,096 Resources expended Charrtable eXper￿lture 7,839 11,636 Accountsncy fees Bank charges 450 400 69 60 Other office expenses Depreciation and impaifment 23 23 Other legal and professional costs Total resources expended 173 8,381 12.292 Net Incoming resour¢es before transfers 2,710 196 Total funds brought fonmard 255 451 Total funds carried forward 2,965 255 The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total rècognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. ITESO WELFARE ASSOCIATION {IWAI Regi$t¢red number: 1170126 Balance Sheet as at 31 March 2021 Notes 2021 777 2020 Fixed assets Tangible assets 85 85 108 Current assets Cash at bank and in hand 3,330 572 Creditors: amounts falling due within one year 14501 {425) Net current assets 2,880 147 Total a88ets less current liabilities 2,965 255 Net assets 2,965 255 Capital and reserve8 Profit blfvvd 255 451 Profit and loss account 2,710 11961 Shargholders. funds 2,965 255 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirement5 of the Companies Act The accounts have been prepared and delivered in accordance wlth the special provisions applicable to mpanies subject lo the small companies regime. The profit and loss account has not been delivered to the The finan¢ial $tstements were approved by the trustees on 11 June 2021 sSgnèd on its bohalf by: Charles Oluka Chairman ITESO WELFARE ASSOCIATION IfiiA} Note3 to the financial statements forthe year ended 31 March 2021 1 AeeoLFnting poliei&s The principal accounting policies are summarised below. The acccxJntlng policies have been applied consist8nUy throughout th8 year and the preceding year. 1.1 Basls ofprèpara*on The financial statements of the charty, which Is a publ1¢ benefit enty'ty under FRS 102. have been prepared in accordance wth the Charities. SORP IFRS 1021 'Accountyng and Reporting by Charties. Statement ol Recommended practice. applicable to charities preparing account5 in awoidancg with the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 effeclwe 1 Janijary 2015, and the charit￿s Acts 2011. The financial statement have been prepared under the hi51ori¢al co81 ¢onvention. 1.2 Cashflow The Chaity has taken advantage ol exemption in FRS1 from the requirernenthot to produce a cashflow statement because it is a small charty. 1.3 Income All incomes ale included in the 5taletnent of financial activities when the charity is entitled to the income and the amount can be quantified with rea50natAe accuiacy. The following specfic poliGies are applied to particular categories of income. Voluntary income is re￿iVed by way ol grants, Lknnatlons and gifts and 18 Ineluded in full in the statement ol fi'nancial activities when receivable. Grants where entitlement is not condib.onal on thè the delivery of 8 specific performance by the charty. are recognised when the charty becomes unconditiwally ent￿ed lo the gr8nl. Donated &eNi¢e$ and facilit*s are included at thè value to the charty where this can be quantffied. The value of services provided by volunteers has not been included. Grfb donated for resak are induded as incoming Tesoure¢s within ath'mties for generating fvnds when they are sold. 1.4 Exp•nditur• Expendiure is recognised on an accrual ba515 as a liability is incurred. ExpenditLJre includes any VAT whieh cannot be fully recovered, and is reported as part of the expenditure to which il re18tes. Costs of generating funds comprise the costs associated with attracting voluntary inwrne 8nd the costs of trading for fundraising purp05e5 including the charity's shop. Charit8ble expendituie comprises those costs incurred by the charity in the delivery of its 3clNities and seniiGe5 for 118 bellefiGiaiies. It includes both costs that can be allocated direcuy to such activitles and those costs of an indirect nature necessary to support them. 1.5 ran1b￿ fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated deprpciation. Depreciation is provided at rates ca￿￿1￿ted to write off the cost less residual value of each asset over rts expected useful life. as fr)Ilows'. Fixtures, rth.ngs and ￿UIpment ovèr 5 ytrars ITE80 WELFARE ASSOCIATION IIWAI Note8 to the financial statements for the year gnded 31 March 2021 2 Income Unrestrl¢ted fund8 2021 Totsl 2020 Total Donations from members Contribution8 for soci81 activitie8 DVD sales Membership lee Proceeds from Just GNing Other operating income 1.935 8.518 1,935 6,516 4836 1016 50 144 124 5.927 140 140 2,500 2,500 At 31 March 2020 3 Tangiblè fixed assets Plant and mo¢hi￿ry ete Total Cost At 1 April 2020 Al 31 March 2021 213 213 D•preeiatlon Al 1 April 2020 Charge for the yeBr Al 31 March 2021 105 23 128 105 23 128 Net book valuo At 31 March 2L121 85 85 At 1 March 2020 108 4 Credltors: amounts falling due wlthln one year 2020 2019 Accruals Other creditors 450 400 25 425 At 0110412020 Incomlng resources Outgoing Resources 5 Unrestrlcted funds At 3110312021 General funds 255 ITESO WELFARE ASSOCIATION (IWA) Detailed statement of financial activities For the year ended 31 March 2020 This sGhedule does not form part of tho statutory accounts 2020 2019 Incoming resourcès Incomlng resources from generating funds: Donations from members 1,935 6,516 4,836 1,016 Contributions for social activities Other income resources 2,640 6,244 Sales Total incoming resources from generdting funds 11,091 12,096 Totsl incoming rgsources 11,091 12.096 Resources expended ost5 of generating voluntary Income Bereavement support 5.930 5,962 -5,930 5,96Z Administrative expenses Social gathering costs Travel and activities 2,574 130 Premises costs 1,040 1.290 Running costs Gifts donations 1,574 185 700 Depreciation Accountancy fees 23 23 450 400 Other legal and professional 219 173 2.451 6,330 Total Cost of ggnorating voluntary Income 8,381 12.292 Net incominglloutgoing) resources for the year 2,710 196 10