2022-03-31-accounts

Charity number: 1170126

ITESO WELFARE ASSOCIATION (IWA)

Trustees’ Report and Financial Statements

31 March 2022.

ITESO WELFARE ASSOCIATION (IWA)

ITESO WELFARE ASSOCIATION (IWA)
	1170126
Contents
Legal and administrative information		2
Trustees report		3- 4
Independent examiners' report		5
Statement of financial activities		6
Balance sheet		7
Notes to the financial statements		8-10

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ITESO WELFARE ASSOCIATION (IWA)

Legal and administrative information

Charity number 1170126 Registered office Kemp House 152 city Road London EC1V 2NX Trustees Charles Oluka Chairman Annet Agatha Akello Vice Chair Obadiah Emaru Treasurer Martin Osengor Secretary Patricia Irochu Trustee Phyliss Egunyu Trustee Kymberley Apiro Trustee Accountants Nuama & Co Ltd Chartered Certified Accountants 102 Mitcham Lane London SW16 6NR Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

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ITESO WELFARE ASSOCIATION (IWA)

Report of the Trustees

for the year ended 31 March 2022

The trustees present their report and financial statements for the year ended 31 March 2022

The Board of Trustees of Iteso Welfare Association (IWA-UK) a Charity Incorporated Organisation (CIO) 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 comply with the up-to-date statutory requirements, the requirements of the Charity’s Constitution and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued 2015.

The Board of Trustee continued in its quest to find new ways of working in order to fulfil the objectives of the organisation despite the many challenges presenting after Covid-19 pandemic.

With now the clarity in the programmes which include; Sextual and Reproductive Health, Long Term Conditions, Mental Health, Youth and Elderly, Gender and Inclusion, Care in the Community, Widows and Widowers, Education, Skills and Training, Culture, History and Heritage, Sportss, Art and recreation, Climate change and Environment, Universal Health provision and Outreaches, The Board has been able to fulfil programmes relating to:

In Sports, Arts and Recreation, our Association was able to donate a complete football kits enough for ten football teams to a charity in Uganda. A report of the allocation and the progress of this is being awaited.

Also on Universal Health provision and outreaches, the Board has been able to dispatch medical equipment donation that includes 32 Zuma Frames, two wheel chairs and four commodes and various associated medical aids to be distributed in five hospitals. A report will be submitted upon the items reaching and the completion of the distribution.

The Board was able to mitigate the impact of isolation by securing an interactive platform to enable communication. This was possible because of a dedicated Viunganisho (conned project which enabled the Board to secure a Zoom and Webinar platforms.

The Board of Trustee wishes to thank all the Charity's stakeholders for their continued support.

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ITESO WELFARE ASSOCIATION (IWA)

Report of the Trustees

for the year ended 31 March 2022

Reserves policy

The Trustees have reviewed the reserves policy and consider it prudent to keep sufficient reserves, not invested in tangible assets and unrestricted, to enable it to meet its current liabilities as they fall due. This will be kept as a minimum cash reserve in the charity's accounts and will be reviewed annually.

Risk management

The Trustees have assessed the major risk to which the charity is exposed, in particular 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 Trustees’ responsibilities

The Charities Act requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the board is required to -

Select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business,

state whether applicable accounting standards and statements of recommended practice have been followed, subject to 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 which are sufficient to show and explain the Charit’s transactions and enable them to ensure the financial statements comply with regulations made under the Charity’s Act. They are also resp‹›nsibIe for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other iregularities.

The Trustees are also responsible for the contents of the Trustees’ report, and the responsibility of the independent examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statement.

This report was approved by the Board of trustees on 10 June 2022.

Charles Oluka, Chairman

Obadiah Emaru, Hon Treasurer

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ITESO WELFARE ASSOCIATION (IWA)

Independent Examiner’s Report to the Trustees of the Charity

for the year ended 31 March 2022

Independent Examiner’s Statement, report and opinion

Subject to the limitations upon the scope of my work as detailed above in connection with my examination, I can confirm that

1) In accordance with Regulation 31 of The Charities (Accounts and Reports) regulations 2008 (The Regulations) the accounts of this incorporated charity are not required to 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 subsection (5)(b) of that section which are applicable; and that, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements:

i) to keep accounting records in accordance with section 386 of the Companies Act 2006;

ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Compnies Act2006 and;

iii) that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended practice - Accounting and Reporting by Charities have not been met; or

2) to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to by reached.

Yaw Nuama

”^‹›

Nuama & Co Ltd

Chartered Certified Accountants

102 Mitcham Lane

London

SW16 6NR

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ITESO WELFARE ASSOCIATION (IWA) Statement of financial activities

For the year ended 31 March 2022

Income Voluntary income Total incoming resources Resources expended Charitable expenditure Accountancy fees Bank charges Depreciation and impairment Total resources expended Net incoming resources before transfers Total funds brought forward Total funds carried forward	2022 6,527 6,527 6,141 400 96 23 6,660 (133) 2,965 2,832	2021 11,091 11,091 7,839 450 69 23 8 381
		2,710 255 2,965

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

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ITESO WELFARE ASSOCIATION (IWA) Registered number: 1170126 Balance Sheet as at 31 March 2022

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit b/fwd Profit and loss account Shareholders' funds	3,170 (400)		2022 62 62 2,770 2,832 2,832 2,965 (133) 2,832	3,330 (450)		2021 85
						85 2,880 2,965
						2,965 255 2,710
						2,965

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 requirements of the Companies Act The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the

The financial statements were approved by the trustees on 10 June 2022 signed on its behalf by:

Charles Oluka Chairman

7

ITESO WELFARE ASSOCIATION (IWA) Notes to the financial statements for the year ended 31 March 2021

2	Income	Unrestricted	2021	2020
		funds	Total	Total
	Donations from members	1,935	1,935	4836
	Contributions for social activities	6,516	6,516	1016
	DVD sales			50
	Membership fee	140	140	144
	Proceeds from Just Giving			124
	Other operating income	2,500	2,500	5,927
	At 31 March 2020	11,091	11,091	12,097
3	Tangible fixed assets

ITESO WELFARE ASSOCIATION (IWA) Notes to the financial statements for the year ended31March 2021
2 Income Donations from members Contributions for social activities DVD sales Membership fee Proceeds from Just Giving Other operating income At 31 March 2020 3 Tangible fixed assets	Unrestricted 2021 2020 funds Total Total 1,935 1,935 4836 6,516 6,516 1016 50 140 140 144 124 2,500 2,500 5,927
	11,091 11,091			12,097
COSt At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 1 March 2020 4 Creditors: amounts falling due within one year Accruals Other creditors At Incoming 5 Unrestricted funds 01/04/2020 resources General funds 255 11,091		Plant and machinery etc 213 213 105 23 128 85 108 2020 450 450 Outgoing Resources (8,381)	Total 213
			213
			105 23
			128
			85
			108
			2019 400 25
			425
			At 31/03/2021 2,965

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ITESO WELFARE ASSOCIATION (IWA) Notes to the financial statements for the year ended 31 March 2022

2 Income Unrestricted funds Donations from members 1,307 Contributions for social activities Membership fee 220 Other operating income (Africa Advocacy) 5,000 At 31 March 2021 6,527 Tangiblefixed assets COSt At 1 April 2021 At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 1 March 2021 4 Creditors: amounts falling due within one year Accruals Other creditors Incoming Unrestricted funds At 01/04/2021 resources General funds 2,965 6,527		2022 Total 1,307 220 5,000 6,527 Plant and machinery etc 213 213 128 23 151 62 85 2022 400			2021 Total 1935 6516 140 2,500 11,091 Total 213 213 128 23 151 62 85 2021 450

ITESO WELFARE ASSOCIATION (IWA)

Detailed statement of financial activities

For the year ended 31 March 2022

This schedule does not form part of the statutory accounts

Incoming resources Incoming resources from generating funds: Donations from members Contributions for social activities Other income resources Total incoming resources from generating funds Total incoming resources Resources expended Costs of generating voluntary income Bereavement support Administrative expenses Social gathering costs Travel and activities Premises costs Running costs Gifts donations Depreciation Accountancy fees Other legal and professional Total cost of generating voluntary income Net incoming/(outgoing) resources for the year			2022 1,307 5,220 6,527 6,527 3,300 3,300 820 625 282 1,001 23 400 209 3,360 6,660		2021 1,935 6,516 2,640
					11,091
					11,091
					5,930
					5,930 559 1,015 185 23 450 219
					2,451
					8,381
					2,710
					_

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