LARTEH ASSOCIATION(UK) FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212024 TRUSTEES Mrs Adjoa Anowa Lamptey Mrs Monica Arthur Mr Akwasi Adu-Larbi Mrs Lydia Creppy Nana Ansaa Ampofo Ms Doris Ani-Agyei Ms Leticia Addae-Kodla Mr George Akrofi Asiedu Mr Emmanuel Kwame Gyebi Mrs Matilda Boateng Mrs Benedicta Adjei Ampofo Mr Fred Attrebi SECRETARY Lydia Creppy REGISTERED OFFICE 29 Pagenant Avenue Colindale London NW9 5LQ CHARITY NUMBER 1172595 ACCOUNTANTS Chartax Accountsnts 92 Eastboure Road London E6 6AS page 1
LARTEH ASSOCIATION(UK) ACCOUNTS FOR THE YEAR ENDED 3111212024 CONTENTS Page Report of the Trustees Independent Examinerfs Statement Accountant's Report statement of Financial Actlvities Balance Sheet Notes to the Accounts Detsiled Statement of Financial Activities 12 13to16 15 page 2
LARTEH ASSOCIATION(UK) FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT The trustees present their report and accounts for the year ended 3111212024 STATUS AND ADMINISTRATION Larteh Association (UK) is a charitsble organisation, registered with the Charity Commission (registration number 1172595) since 18 April 2017. STRUCTURE GOVERNANCE AND MANAGEMENT Larteh Association {UK) is a voluntary arKI Mmunity group supporting the welfare, social, health, educational and cultural needs of the Larteh communty in the United Kingdom and in Ghana. The Association is govemed by ts constitution and CuTntlY rnprises of 67 members. The Board of Trustees manage the affairs of the charity and are responsible for policies, conduct, setting the stratagic direction and ensuring that it satisfies its legal and contractual obligations. In selecting individuals for appointment as Trustees, the charity considers skill set, knowledge and relevant experience for effective administration of the charity. The Trustees meet regularly, however when required, an emergency meeting can be called outside scheduled meetings. Trustees try as much as they can, to offer their time voluntsrily. The Trustees are responsible for ensuring that there is a framework for accountsbility. for examining and reviewing systems and methods of control, t)oth financial and otherwise, including risk analysis and risk rnanagement and for ensuring compliance with all aspects of the law, the constitution, relevant regulations and good pradice. The Trustees have considered whether there are any major risks, which the charity may be exposed to and can conclude that good financial controls, monstoring within the Trustees and the entire membership serve to mitigate any intemal risks that may arise. These procedures are periodically reviewed to ensure they continue to meet the required standards of the charity. Included in external risks, is the loss or lack of funding. PUBLIC BENEFITS The Trustees maintains compliance with the Charity Commission's guidance on public benefits in exercising its powers and duties. This report underlines the charivs commitment to enhance children's education and wellbeing at Larteh, Ghana and its environs and will continue to support the Larteh dinic as and when requested to do so. Our intention is to continue to support and fund the clinic as much as we can as there is a lot to cover page 3
LARTEH ASSOCIATION(UK) FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT OBJECTIVES AND ACTIVITIES The principal activity of the charity in the year under review were: . (1) To promote the social inclusion of Larteh people from Ghana resident in the Unlted Kingdom, their equality and diversity for the public benefit. in particular through the provision of educational and learning support, advice and guidance., through meetings, gatherings and events put on for their benefit., and through social and recreational activities provided in the interests of social welfare with the aim to improve their conditions of life. (2) To relieve those in need, hardship or distress through the provision of support and welfare assistance to those in need of it, in times of illness. bereavement or distress. (3) To promote Ghanaian culture and heritage among members, their families and the wider public, through the holdlng of cultural events, talks and exchanges with other Ghanaian cultural group5. {4) To promote racial hamiony, for the public benefit, by fostering good relations between the association and other charitable organizations with similar objects in the UK and Ghana, through inter-organizational co-operation and support. (5) The relief of those in need. the advancement of health and the saving of lives, by supporting development and disaster relief programmes in the UK and Ghana by such Gharitable means as the executive committee as trustees see fit from time to time ACHIEVEMENT AND PERFORMANCE The Executive Board in Ghana continues to manage and implement its charity programmes. The charity in Ghana remains registered as Larteh Communty Development Association UK-Ghana. The Association's success and the extent of its charitable aclivities over the years, in the Larteh community and in the Akwapim North Municipality continues to attract appeals for support page 4
LARTEH ASSOCIATION(UK) FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT especially from schools in distress. A dinner dance was held on 16 November 2024 and the funds raised will go towards equipping a new laboratory that has been added to the clinic. Other support will include the supply of wheelchairs, stretchers, crutches, etc. The Larteh America group, Larteh Association (Canada), Consolidate Bank and Rotary Club (Ghana) are also supporting projects al the dinic. RISK MANAGEMENT The Board of Trustees has conducted a review of the major risks to which the charity is exposed. The trustees recognise that any major risks to which the charity is exposed need to be reviewed and systems put in place to mitigate them in particular those related to the operations and finances of the charity. Significant external risks to funding have led the Board of Trustees to implement a policy, tsking into account, the level of income receivable from various funders, to seek each year, to match income and expenditure and to avoid accumulating a deficit such that Larteh Association is able to continue its operations successfully. Intemal risks are minimised by the implementation of procedures for the authorisation of all transactions and projects and by ensuring a consistent qualty of delivery for all operational aspect of the charity. These procedures are periodically reviewed to ensure that they will meet the needs of the charity FINANCE At present, the main sources of funding are via dues and levies on members,gÉft aid,voluntary donations by the general public and other voluntary organisations. The charity continues to seek funding through a diversity of sources Details of the charity's fiinancial activities for the year and state of affairs as at 3111212024 are set on Pages 7 to 12 The surplus for the year was £4143 (202x4613). page 5
LARTEH ASSOCIATION(UK) FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT RESERVE POLICY The Board of Trustees has examined th8 charity's requirement for reserve in light of the main risk to the charity. It has established a policy whereby the unrestricted fvnds held by the charity should be 6 months of forthcoming unavoidable operational expenditure. The reser+18S are needed to meet the working capital requirements of the charty in the event of significant drop in income.,The trustees met the requrired level and will continue operating as a going concern. The totsl funds held at 31 December 2024 was £22428 (2023 £16625) which is far beyond the required level. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing the trustees. report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial ststements for each year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the income and expenditure, for that perfod. In preparing these financial ststements, the trustees are required to: - select suitable accounting policies and then apply them consistenty; - obsep48 the methods and principles in the applicable Charities SORP: - make judgments and accounting estimates that are reasonable and prudent: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequats accounting records that are sufficient to show and page 6
LARTEH A8S(XTNjNluK) FOR ThE YEAR ENDED 31M2f2v24 explain the,chartye transadions and dixaose wlth r•a8orth at any Ilm6 the financaal position of the charfty and enable them to en5urB that th8 finanad siatem&iis ctsnply with the wlcable law and regulaion8. They are 8180 re8pon$lble for safewardlng the assets of th6 charfty and henG8 fortaklrYJ r8asonable steps for th8 prevenllon and detethn of fraud and olhar Irrogul8Mas The report Wa8 prepared in accordanca Iho 8pdal wtsion8 wythln Pwt 16 of Cffj)anl88 Act Th18 rnport wa8 approved by the BcArd ofTru8t888 on 1W11Y2025 Mr8 Adjoa Anowa L•mpt8y Chalr
LARTEH ASSOCIATION(UK) INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LARTEH ASSOCIATION(UK) I report on the accounts of the company for the year ended 3111212024 . RESPECTNE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £25,000 and l am qualified to undertake the examination by being a qualified member of Association of Chartered Management Accountants. Having satisfied myself that the charity is not subject to an audit under ry)mpany law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accx)unts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all Ihe evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view. and the report is limited to those matters set out in the statement bolow. INDEPENDENT EXAMINERS STATEMENT In connection with my examination, no matter has (x)rne to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006., and - to prepare accounts which accord with the accounting records, comply wlth the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Rernrnended Practice: Accounting and Reporting by Charities have not been met , or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. page 9
LARTEH ASSOCIATION(UK) INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212024 Date.. Felix Dartey-yeboah MBA,ACMA Chartax Accountants 92 Eastboure Road E6 6AS page 10
LARTEH ASSOCIATION(UK) Statement of Financial Activities for the year ended 3111212024 2024 2023 Unrestr Restric Totsl Total Icted tsd funds funds Income Incom8 from generated funds Voluntary Income Bank interest Total Income and èndowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expense• Net galns on Investments Net Income 33,829 179 34,008 33,829 15,697 179 139 34,008 15.836 29.865 29,865 29.865 11,223 29,865 11,223 4,143 4,143 4,613 Galnsl(losses) on revaluatlon of flxod assests Net movement In funds: Not Income for the year Total funds brought fopward Not funds carrled forward This statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivities 4,143 18,285 22,428 4.143 4,613 18,285 12,012 22 428 16,625 page11
LARTEH ASSOCIATION(UK) BALANCE SHEET AT 3111212024 2024 2023 Notes CURRENT ASSETS Debtors (amounts falling due within one year) Cash at bank and in hand 3.082 26.770 29,852 7,424 20,699 20.699 4,073 CREDITORS: Amounts falllng due wfthln one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 22,428 22,428 16,626 16,626 Accumulated Funds Unrestrlct8d funds General fund Designated funds-Bereavements 16,828 5,600 22,428 16,626 18,626 For the year ending 3111212024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the board of trustses on 2310912025 and $lgn8d on thelr beh Ifb Mr Akwasi Adu-Larbi Treasurerrrustee page 12
LARTEH ASSOCIATION(UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3111212024 1. ACCOUNTING POLICIES la. Basls Of Accountlng The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. 1 b. Incomlng Resources All incoming resources are included on the Statement of Financial Activities when the charity is18gally entitled to the income and the amount can be quantified with reasonable accuracy. 1c. R8sourcos Expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent wth the use of resources. 1 d. Allocatlon And Apportlonment Of Costs All costs relate to the single activity of the charitable company and are recognised accordingly. 18. Fund Accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds set aside by the trustees out of unrestricted general fvnds for the specific future purposes or projects. 2023 2. DEBTORS 2024 Amounts falling due within one year: Accrued Dues 3,082 3,082 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued creditors 7,424 7,424 4,073 4,073
LARTEH ASSOCIATION(UK) 4. UNRESTRICTED FUNDS Brough IncornlnOutg(Transfers Carrled t forwar g resou g resou fon¥ard rces 16,828 5.600 22.428 General fund Designated fund -Bereavements 14.685 25,708 (23,564) 3,600 8,300 6,300 18,285 34,008 29,864 5. RELATED PARTY TRANSACTIONS Ther8 was no hospitality expenses paid to any trustee during the year(202&Nil) The treasurer Mr Akwasi Adu-Larbi was paid £660 for professional service provided during the year page 14
LARTEH ASSOCIATION(UK) Incomlng ResourGes for the year ended 3111212024 2024 2023 Incomlng resources Incomlng resources from generated funds Voluntary Income Membership Dues Bereavement Contributions Gift Aid DinnerlDance Income 5,400 8.300 2,757 17,372 5,755 6,900 3,042 33,829 15,697 33,829 15,697 Interest Bank Interest 179 179 179 ,008 139 ,83 page 15
LARTEH ASSOCIATION{UK) Expensas for the year ended 3111212024 2024 2023 Expensas Costs of generating funds Charitsble Activities Hall hiring & meeting refreshment Larteh Clinic equipment Accrued Music System Refund of standing order overpaid Hospitality expenses Independent Examiner fees Zoom expemses DinnerlDance expenses Bereavement Payments Printing,Postage and Stationery Website Management Accounting ServIs and filing of Accounts Welfare benefit Donations Subscriptions-Ghana Union Gift Aid Claim Travel Bank charges Hall Hiiring 4.486 600 498 1,399 1.595 300 156 12.886 6,300 571 144 300 620 1,100 60 414 72 17 144 5,700 457 300 440 850 60 171 35 425 29,865 11.223 29,865 11,223 page 16