Charity number. 1170126 ITESO WELFARE ASSOCIATION (IWA) Trustees, Report and Financial Ststements 31 March 2024.
ITESO WELFARE ASSOCIATION (IWA) 1170126 Contents Legal and administrative information Trustees report Independent examiners, report Statement of financial activities Balan sheet Notes to the financial stalemerrts 8-10
ITESO WELFARE ASSOCIATION (IWA Legal and administratlve Infomiallon Charfty numbor 1170126 Registered office Kemp House 152 cty Road London EC1V2NX Trustees Ms Alison Echoku Watson Mr Joseph Dary Eloket Ms Patricia In)chu Mr Danny Frank Kedi Opolol Ms Kymberley Apiro Eloket Chairlady WI Chaimian Secretsry Treasurer Committee member Accountants Nuama & Co Ltd Chartered Certtfied Accountsnts 102 Mitcham Lane London SW16 6NR Banker8 CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME194JQ
ITESO WELFARE ASSOCIATION {IWA)
Report of the TnJstees
for the year ended 31 March 2024
The trustee5 present their report and financial statwnents for the year ended 31 March 2024
The Board of Trnstees of Iteso WeifE AsslatI (IWA-UK) a Charlty IntLYporated
Organisalion (CIO) hereby Submits their annual retth for the year endin9 as specified
above. The trustees confirni that Ihe amual Report arKI the fmancial Statem of the CIO
comply with the upttrdate statutory requirements, the requirements ofthe Chartty's
Constitution and the provls#)n$ of Statement of Recommend Practice (SORP)
"Accounting and Report'irvj by Charthes" issuJ 2015.
The Board of Trustees have ¢
ITESO WELFARE ASSOCIATION IIWAI Report ofts Tnto•s fttrrth• y•ar •rtd 31 Ilar¢h 20 invested in 8$50ts and unresIted. io it lo rrgt its (Jjrrwtt fall duo. This wdl kept as a NnThurn re8erwJ in tho chitrfs £ouDts aThJ be annualty. relatiry lo the twations and fan$ ofth¥ Chaiity, and aro satfied that ¥ystwn8 are in F4 lo mltp3•te ts •wvre to thè major tsk. St•tsm9nt of Trusta••' moponbIlItl•8 y•orwhi¢h gN¢ a tsuo #nd fair viBwof the 8t8te of affays oftr• &1onty as atth8 end OltrfrI r and of lh8 su1$ or d8fMil of thè thanty. Sn prewirvJ th088 fimn¢1 ststern ihe board" T8quir8d to-: S8l•ct $ubtsbb a¢¢ountirvJ wkies and then typty make judgements and esknaks that are reasonth and wud the charty will conlinue in Dne$s, 8tal• whèthèr 8Fpkablg •ccounUrffJ standard8 and stsiwr•nts of rnrnndad pr8cth¢ haw bo lo110%d. ubrtto any matsnal iarture8 and oxpknnod in th• fNrKio1 $tstmnt8'. and •xplain lh• Ch#rifi 88(11 aThJ enabkn to •n8ur¥ th? fmndal Staknm$ L))mpi¥ 411th rtyulalion8 made undtrr the Charitys kt. Tlw 81¢ a0 Sponsibl0 for s8feguarlirrfJ th• •888ts of th• Ch8Tty and honc4 for tskHvJ r•a8onfibb W8 lor tho pr8¥onl aThJ detitin of and otsr ir8gularilb$ The Tru8le88 ale also Ye8p19 fc t u)nnts ofthe Tiusts•s' th& r8sp(mtility of the indepeNlent èxaminer in r8lalb)n lo Tntyte88' fekh)rt i& linit•J to OX4n1J the report and ertsuring that. on the 18c8 of the rnporL there are no iFthnsisieno88 fvduffjs di5d05ed in fin8nclal stslemont This report wss appTo¥vJ bythe Board OfInAl ¢)n [ Sepkntw 2024. Affjson Ech¢u W¥l8on. Chawlady Danny Frnnk Kadi Opohx Hon Treasurer
ITESO WELFARE ASSOCIATION (IWAI Independent ExamlMfs Rèport to the Tru8lees of tho Chartty for the year ended 31 IAarGh 2024 Independent Examinerfs Ststenwn( reportand tipinlon Subje(a lo ihe limitalions uwn the scope of my V4r) a$ detatled above in c4)nne(a¢on with my examinalhjn. I can confirm that 1} In accordan ilh RegulalM)n 31 of The clwit1 {A(XMmts and RerKffls) regulations 2CK)8 (rhe Regul8tlon8) the a¢counls of this irKorporated tharity are not requlred to be audiled under Part 16 of the Compani8s Act 2C#)6: Ihis is a report in respect of an examinat7 Caled out under section 145 of the Act and in accrdance ¥th any directions given by the Commission under subseciion15)Ib) of that seth'on whith a applicab.. and that, no matter has me to my attention in connection with my examination vthith sves me reasonable Cal lo believe that in ary material resF(l the requirenwts.. i) to keep accounting records in ac#lanCe with 386 of th8 Companies Act 20LIS'. ill to prepare Ilnandal ststemenls whlth a¢oyd wilh the acax)unting recjjrds arrfl compty with th8 lill that the finanaal statements be prepared in acurdance wlh lh8 m8th¢)Js and prlnoples set out in th• Statement of Reojmmended practtce- A0Unting 8nd RetKKling by Charibes have nol been met.. or 2110 which, In my oplnlon. attention should be dram In my reFIrt in order to enab a proper understanding of the am)U to be fwhad. Yaw Nuama Nuama & Co Ltd Charteied Certified A1)untants 102 Mitcham Lanè London SW16 6NR
rrESO WELFARE ASSOCIATION (IWA) Statement of financial activities For tho year ended 31 March 2024 2024 2023 Incomo Vduntary income Total Incomlng Y•8our¢ 1.959 3,454 1,959 3.454 R88our¢o8 Oxponded Charitabte eXPdItra Accountancy fees 2.786 450 450 Bank tharges Depreciaknon and impainnent Total resources expgndgd 55 72 39 23 3.331 Net Incomlng rèsour* bèfor• tran•fern 1.849 123 Total fvnds brought forward 2.955 2,832 Total fund$ corr1 forward 1,106 2,955 The ststement of financial 8Ctivrties includes all gains and kjsses in the year and therefore a separate ststement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing acbvities.
ITESO WELFARE ASSOCIATION (IWA) Registergd numbgr: Balancè Slwt as al 31 March 2024 1170126 2024 2023 Flxed asBats Tangible assets 39 39 Curr9nt assgts Cash at bank and in hand 1,509 3,316 Credltors: amounts falling due wlthin ono yoar (400) (400) 1,109 2.916 Total a•80ts 1088 ¢urrnnt Ilabllltl88 1.109 2.955 Not assets Capltal and r•8erve8 Profft bl 2.955 2,761 Profft and1088 a¢¢ount (1.8461 Sharnholdord, funds The dir8etors are 8atl8fied that the company18 entit to exemption frIMn the requirement to obtsin an audit The membeTS have not required the Company to obtsin an audrt in aCCordare with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Ad 20CkS The accounts have been prepared and delNered in aC£Orda *ryth the speaal provisions app15cable to companies subject to the small eompanles reglme. Tr wofii and loss a¢¢tyJnt has not been ddivered to the Regi8trar of Companies. The Ilnanclal statemènts wem approv•d by th• trustws on 06 Soptembgr 2024 slgned on Its behaff by: Ms Alison EGhoku Watson Chairlady
ITESO WELFARE ASSOCIATION IIWA) Notes to thè financial ststements for tho year end8d 31 March 2024 1 AccovnlSivJ polld•s applkwj throUgknUttsar arnl trÈ prewlHpJ JEar. The flnanual statements of Ihe chaEity. is a public bgrbttrt entity uThJer FRS 102, h8vo been prepared In eo)rd8nee vith the Charitw. SORP IFRS 1021 'A¢counting and Repoitirrfd by Charbes.. Statement of Raeommertded prac41, applicabfe to praparinu a(xounts ni accOanc• ith the Financial ReportlNJ Standard awicable in thè UK and tho ReWK of Ireknd IFRS 1021 effetht l January 2015, and the Char AA$ 2011. Th• finanaal stat8mert have be underts hisknie41 (>Jst converthn 1.2 Cashllow The chairty has tsk¢n th•nt•ge ol the •ythWion In FRSI from th? rnqulrmntnot to • whllow Statement because it is a small charlty. 1.3 Incom• All Incon are Induded in th• state1rn of finanaal When thè tharity to Inix)me and the amow)t can b• guantthd wilh rpawnable Th&k)kwJ SFth are 4)pllod to partkuhr cat•g0th of Ineom•. Voluntary Intme ts receW tyw8y rf grnnts. donatlons aThJ gffts and rd induded ln lull in the stAt8menl of financial actlt wh8n ¥erNabkn. Grants &r0 gntitknment is fiot ¢ondibgn•l on th• the delIry of a $p8cth¢ rtoMne0 by the th81ty. rect)JnMd whoft th8 (81ity tcom88 uncond4tionalty entItd to the grnnt. Donated gerth fadth8 arn Indthlthl at tha to 71)•m ttM• (w h qU•n. thty ar• aobJ. 1.4 Ewdllur• Expendiur• i• r•c4>3ni••d on an gcrnwl b••kn a• • 11Kr1. #ny VAT wblch cannot t• lulty rxtyw•d, nd1s as p•rt Of1 •>wKbhuro to thlch It Ir•dlng for fUndTrng puyaos Ind13 IhB Charit¥bl• •¥ptrnditurtr comprbses those costs kn¢utyed by tho in the deknry of tts o¢¥vlt8 and 8ervics lor Hs nefiC#S. 11 indth both c48ts that c•n b& olbcabj dedty to and th $ts 018n lThdwect nature necassary to sur•ort them. 1.5 T•nlbl• ffx•d•Mts •nddy•claUon Tangible fix•d 8ss•1s 8tst8d al cog1 lem 8coJnulaled ¢knrith. rwea8ts o wovK1ed at At calculated to off th• cost Itss rggJual Wal of •ath as#t ovar lis e> usèfvl Iwe. •s foll¢MS.' Fuiures, fittlw arKI ovw 5
rrESO WELFARE ASSOCIATtON IIWA) Notès to thè finaneial slalements forth•y•ar 31 Marrh 2024 2 Income 2023 1.414 1.414 Interttl recewdb Jnbet5hiD fee 145 At 31 Marth 2024 1.962 rnjchlngry Totsl At l A4)ri12023 At 31 Plarch 2ff24 213 213 213 Al 1 Awil 2023 Charw lor Ihe year Al 31 Marth 2024 174 39 174 39 213 Not book ¥•lu• At 31 March 2024 At 1 March 2023 39 2023 Other creditors 4[ IncomlN At 31th12024 Gentsral fundg
ITESO WELFARE ASSOCIATION {IWA} Detsiled statemgnt ol ftnanelal aetfivfilles For th• y•ar grtd•d 31 Ilar¢h 2024 202J Incomlng Y88our Incomlng T88ources Irom 9eneratlng funds.. 1.414 3.145 Total Sn¢¢mlng fpn•ratlDg fund• Tol•l In¢omlng r••our Co•t• 01 g•Mrntlng volunlry In¢ty vntary wppJrt 1.220 AdmInI8trn¥ •xp•M Sodal 9atherlw co818 Trav81 aTrJ acli¥its8S Pr8misèB CC4ts Runnlng tosts Depradatl Accountsncy fees 23 480 Othar bgal and Nof•uknW Ngt IrKoMlnlQutaj rg¥QLrn for ts )wr 1rJ 10