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2022-07-30-accounts

Charity Registration No. 1176950

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

Annual Report and accounts

30[th] July 2022

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))
Report and financial statements 2022
Contents Page
Officers and professional advisers 1
Statement of Trustee's responsibilities 2
Trustee's Report 3
Independent Examinar's report 4
Income and expenditure 6
Balance sheet 8
Notes to the financial statements 8

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

Annual Report and Accounts 2022

Officers and professional advisers

Trustees

Bernice Nkekeh

Registered office

Pera Business Park Melton Mowbray Leicestershire, LE13 0PB United Kingdom,

BANKERS

Llyods Bank

1

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF)) Trustee’s Report

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and

application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

2

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF)) Trustee’s Report

Reporting Public Benefit

In planning our activities the charity as taken into serious consideration the guidance on public benefit and, in particular how we help people in need and IDPs. We try to enable ordinary people to live out their faith as part of our community and congregation through;

AIMS and Purpose

"THE ADVANCEMENT OF HEALTH AND THE RELIEF OF THOSE IN NEEDS BY REASONS OF YOUTH, AGE, ILL-HEALTH, DISABILITY OR FINANCIAL HARDSHIP IN THE UK AND AFRICAN COUNTRIES WHERE HEALTH STANDARDS ARE LOW BY:

"THE ADVANCEMENT OF HEALTH AND THE RELIEF OF THOSE IN NEEDS BY REASONS OF YOUTH, AGE, ILL-HEALTH, DISABILITY OR FINANCIAL HARDSHIP IN THE UK AND AFRICAN COUNTRIES WHERE HEALTH STANDARDS ARE LOW BY:

3

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF)) Trustee’s Report

PARTICULARLY RELATING TO PEOPLES OWN HEALTH."

"THE ADVANCEMENT OF HEALTH AND THE RELIEF OF THOSE IN NEEDS BY REASONS OF YOUTH, AGE, ILL-HEALTH, DISABILITY OR FINANCIAL HARDSHIP IN THE UK AND AFRICAN COUNTRIES WHERE HEALTH STANDARDS ARE LOW BY:

INDEPENDENT EXAMINER

A resolution to appoint Mayah & Co Consulting as independent examiners for the ensuring year will be proposed at the annual general meeting

Signed on behalf of the Directors & Trustees

Bernice Nkekeh

4

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF)) INDEPENDENT EXAMINERS REPORT Year ended 30[th] July 2022

I report on the financial statements and notes of the organisation for the year to 30[th] July 2022

This report is made solely to the Charity ‘Directors and Trustees as a body in accordance with Section 43(3) of the charities Act 1993 (the 1993 act) as amended by section 28 of the Charities Act 2006.

Our examination has been undertaken so that we might state to the charitable company’s directors those matters we are required to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the company’s directors as a body, for our examination, for this report, or for the opinions we have formed.

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND INDEPENDENT EXAMINER

As described on page 2, the company’s directors are responsible for the preparation of the accounts. The company’s directors consider that an audit is not required for this year (under section 43(2) of the 1993 Act as amended) and that an independent examiner is needed.

Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to

Examine the financial statements (under section 43(3) (a) of the 1993 Act, as amended

To follow procedures laid down in the General Directions

To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINARS STATEMENT

My examination was carried in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charitable company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a true and fair view’ and the report is limited to those matters set out in the statement below.

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination no matter has come to my attention

(1) Which gives me reasonable cause to believe that in any material respect the directors have not met the requirements to ensure that

• Proper accounting records are kept (in accordance with section 386 of the Companies Act 2006), and

• financial statements are prepared which agree with the accounting records comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice Accounting and Reporting by Charities or

(2) to which in my opinion attention should be drawn in order to enable a proper understanding of the financial statements to be reached

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

INCOME AND EXPENDITURE PERIOD TO 30[th] July 2022

Jake Mayah

Independent Examiner Mayah & Co Consulting Chartered Certified Accountants Barking Enterprise Centre 50 Cambridge Road Barking

IG11 8FG

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF)) INCOME AND EXPENDITURE PERIOD TO 30[th] July 2022

International Welfare Alliance

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTS)

YEAR ENDING 28[th ] February 2017

Notes
Incoming Resources
1
Donations
Activities for Generating Funds

Total Incoming Funds
Resource Expended
Fund raising
Evangelism
Administration
Various cheque payments
Help to Community
Training

Total Expended

Net Incoming Resource for the Fund
Total funds brought forward

Total funds carried forward		 2022
£
-
-
-
-
-
-
-
-		 2021
£
-
-
-
-
(360)
(360)
-
-
-

There are no recognised gains or losses relating to the current year and prior period other than the results as shown above. Acordingly no separate statement of total recognised gains and losses is presented.

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF)) Balance sheet 30 July 2022

Notes
Fixed Assets
Tangible fixed assets
9
Current assets
Debtors
10
Stock
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Provision for liabilities
12
Net assets
Company Funds
Restricted Funds
14
Unrestricted Funds
Total’ funds
15		 2022
£
(720)
(720)
(7200)
(720)
(720)		 2021
£
(360)
(360)
(360)
(360)
(360)

The trustees and Directors are satisfied for the year ending 30[th] July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors and Trustees acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of accounts.

These financial statements were approved by the Trustees and authorised for issue on 18[th] March 2022. Signed on behalf of the Trustees

B Nkekeh

Trustee Charity Registration number: 1176950

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

Notes to the financial statements Year ended 30[th] July 2022

1. Accounting policies

Accounting convention and going concern

The financial statements are prepared in accordance with applicable law and United Kingdom accounting standards. The particular accounting policies adopted are described below. They have all been applied consistently throughout the year and the preceding year.

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future (minimum 12 months).

Cash flow statement

The directors have taken exemption from preparing a consolidated cash flow statement available under FRS 1 Cash Flow Statements, on the basis that the ultimate parent company produces consolidated financial statements in which the group is included, and are publicly available.

Intangible assets - goodwill

Goodwill arising on the acquisition of subsidiary or associated undertakings and businesses, representing any excess of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its estimated useful economic life which is ten years.

Tangible fixed assets

Tangible fixed assets are shown at original historical cost less accumulated depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements period of lease
Computers equipment 3 years
Computer software 5 years
Fixtures, fittings and office equipment 5 years

.

Taxation

Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the group's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is not recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being charged to tax only if and when the replacement assets are sold.

1. Accounting policies (continued)

Taxation (continued)

In accordance with FRS 19, deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

Notes to the financial statements Year ended 30[th] July 2022

in financial statements. Deferred tax is not provided on timing differences arising from the revaluation of investment properties where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Revenue is recognised over the period of delivery of services and as per the terms of the agreement with each customer.

Foreign currencies

Transactions in foreign currencies are recorded in pounds sterling at the rates of exchange at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at year end. All exchange differences are included in the profit and loss account.

Leases

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term, except where the period to the review date on which the rent is first expected to be adjusted to the prevailing market rate is shorter than the full lease term, in which case the shorter period is used.

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

Notes to the financial statements Year ended 30[th] July 2022

2. Incoming Resources

Incoming Resources
Donations
Restricted funds
Special services		 2022
£
-
-		 2021
£
-
-
-
-

3. Financial commitments

Operating leases

At 30 July the company had annual commitments under non-cancellable operating leases as set out below:

4.

Pension scheme
The charity does not have a pension scheme		 Land and buildings
2022
£
2021
£
360
2022
£
2021
£
-
-		 Land and buildings
2022
£
2021
£
360
2022
£
2021
£
-
-
2021
£
-

5. Related party transactions

International Welfare Alliance does not have any related party transaction to report for the financial year ending 30[th] July 2022.

INTERNATIONAL WELFARE ALLIANCE (IWARELIEF))

Notes to the financial statements Year ended 30[th] July 2022