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| ``` 1 ``` 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 ``` 2 ``` ## 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. ``` 3 ``` 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 4 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 ``` 5 ``` 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. ``` 6 ``` 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|| ``` 8 ``` ## 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
**Tangible**fixed 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| ||||||_| 10 10