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 Weif*E Ass￿latI￿ (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" issu￿J 2015. The Board of Trustees have ¢UW mc*e to vohjnkn contr￿5 going foThvard. The Chaiman wshes to make it kno￿fft th* he will not be seeking r￿eCtIOn in order to allow fresh tslents and other serving tn&ees V￿￿ wdl be *aying to lurther the apThla of the organisa*"on. The Board of Trustees wishes to thank all the Chantvs 8takehotders for their continued support. ITESO WELFARE ASSOCIATION IIWAI Report ofts Tn*to•s fttrrth• y•ar •rtd￿ 31 Ilar¢h 20 invested in 8$50ts and unresI￿ted. io it lo rr*gt its (Jjrrwtt fall duo. This wdl ￿ kept as a NnThurn re8erwJ in tho ch*itrfs *£ouDts aThJ be annualty. relatiry lo the twations and f￿an￿$ ofth¥ Chaiity, and aro sat￿fied that ¥ystwn8 are in F4 lo mltp3•te ts •wvre to thè major tsk. St•tsm9nt of Trusta••' mopon￿bIlItl•8 y•orwhi¢h gN¢ a tsuo #nd fair viBwof the 8t8te of affays oftr• &1onty as atth8 end Oltr*fr￿￿I r and of lh8 su￿1￿$ or d8fMil of thè thanty. Sn prewirvJ th088 fimn¢1￿ ststern￿ ihe board" T8quir8d to-: S8l•ct $ubtsbb a¢¢ountirvJ wkies and then typty make judgements and esknaks that are reasonth and wud the charty will conlinue in D￿ne$s, 8tal• whèthèr 8Fpkablg •ccounUrffJ standard8 and stsiwr•nts of rnrnndad pr8cth¢ haw bo lo110%￿d. *ub*rtto any matsnal i*arture8 and oxpknnod in th• fNrKio1 $tstmnt8'. and •xplain lh• Ch#rifi ￿￿88(11￿ aThJ enabkn to •n8ur¥ th? fmndal Stakn￿m$ L))mpi¥ 411th rtyulalion8 made undtrr the Charitys kt. Tlw 81¢ a￿0 ￿Sponsibl0 for s8feguarlirrfJ th• •888ts of th• Ch8Tty and honc4 for tskHvJ r•a8onfibb W8 lor tho pr8¥onl￿ aThJ de*titin of and otsr ir8gularilb$ The Tru8le88 ale also Ye8p￿￿19 fc* t￿ u)n*nts ofthe Tiusts•s' th& r8sp(mtility of the indepeNlent èxaminer in r8lalb)n lo ￿ Tntyte88' fekh)rt i& linit•J to OX￿4n1￿J 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 examinat￿7 Ca￿led out under section 145 of the Act and in acc￿rdance ¥￿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 s*ves 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- A0￿Unting 8nd RetKKling by Charibes have nol been met.. or 2110 which, In my oplnlon. attention should be dra*m In my reF*Irt in order to enab￿ a proper understanding of the am)U￿ to be fwhad. Yaw Nuama Nuama & Co Ltd Charteied Certified A￿1)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 eXP￿dIt￿ra 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 aCCordar￿e 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 throUgknUtts￿ar arnl trÈ prewlHpJ JEar. The flnanual statements of Ihe chaEity. is a public bgrbttrt entity uThJer FRS 102, h8vo been prepared In *eo)rd8nee v*ith the Charitw. SORP IFRS 1021 'A¢counting and Repoitirrfd by Charbes.. Statement of Raeommertded prac41￿, applicabfe to praparinu a(xounts ni accO￿anc• *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 Int￿me ts receW tyw8y rf grnnts. donatlons aThJ gffts and rd induded ln lull in the stAt8menl of financial act￿lt￿ wh8n ¥er*Nabkn. Grants ￿&r0 gntitknment is fiot ¢ondibgn•l on th• the delI￿ry of a $p8cth¢ ￿rtoM￿ne0 by the th81ty. rect)JnMd whoft th8 (*81ity t*com88 uncond4tionalty entIt￿d to the grnnt. Donated gerth fadth8 arn Indthlthl at tha to 7*1)•m ttM• (w h qU•n￿￿. thty ar• aobJ. 1.4 Ewdllur• Expendiur• i• r•c4>3ni••d on an gcrnwl b••kn a• • 11K￿r￿1. #ny VAT wblch cannot t• lulty rxtyw•d, *nd1s as p•rt Of1￿ •>wKbhuro to *thlch It Ir•dlng for fUndTr￿ng puyaos Ind￿1￿3 IhB Charit¥bl• •¥ptrnditurtr comprbses those costs kn¢utyed by tho in the deknry of tts o¢¥vlt*8 and 8ervic*s lor Hs ￿nefiC￿#￿S. 11 indth both c48ts that c•n b& olbcabj d*edty 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 rgg*Jual 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 volunl*ry In¢ty v￿￿ntary 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 IrKoMln￿lQuta￿j rg¥QLrn for ts )wr 1rJ 10