## **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** ## **TRUSTEES REPORT AND ACCOUNTS** Registered Charity Number 1188045 **Financial statement Year ended 31 December 2024** **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** |**Contents**|**Page**| |---|---| |Charity information and professional advisers|3| |Trustees’ report|4| |Accountants’ report|7| |Balance sheet|6| |Financial statement|10| |Notes to the financial statements|11| 2 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** ## **Charity Information Year ended 31 December 2024** IGBO WOMEN COMMUNITY (IWC) Registered charity name GREATER MANCHESTER 1188045 Charity number 3 Peterchurch Walk Registered office Openshaw Manchester M11 2LQ Trustees Chidinma Okenyeka (Chair) Ogechukwu Opara-Nadi Anna Ifeoma Okeke Inbtwin CIC Accountants Building 1 Suit 9 Wilsons Park Business Centre Manchester M40 8WN Bankers Lloyds Bank plc 3 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** ## **Trustees’ Report** ## **Year ended 31 December 2024** The trustees present their report and financial statements for the year ended 31 December 2024. ## **Governing document** Igbo Women Community (IWC) Greater Manchester is a Charitable Incorporated Organisation (CIO). It is governed by a constitution dated 18 February 2020. ## **Trustees** ## **The following served during the year:** 1. Chidinma Okenyeka (Chair) 2. Ogechukwu Opara-Nadi 3. Anna Ifeoma Okeke ## **Objectives and activities** The charity exists for the public benefit to: - a) relieve and combat poverty, distress, financial hardship, and sickness; - b) relieve physical and mental illness in people in need by reason of youth, age, ill health, disability, unemployment or other disadvantage, including through counselling, support and networking; - c) promote Igbo art, culture and heritage to foster social inclusion, prevent social exclusion, relieve the needs of people who are excluded, and help them integrate; - d) advance education in Igbo culture and language. In setting plans and delivering activities, the trustees had regard to the Charity Commission’s public benefit guidance. ## **Activities and achievements in the year** IWC continued community support, cultural education and heritage promotion across Greater Manchester. Programmes focused on wellbeing, advice signposting, language and culture sessions, and volunteer-led community events. Partnership working and in-kind support helped keep delivery costs low while maintaining safeguarding and quality standards. ## **Financial review** Total income for the year was **£4,500** (2023: £2,655). Total expenditure was **£4,180** (2023: £2,850). The charity recorded a **surplus of £320** (2023: deficit £195). The surplus has been added to unrestricted funds. Year-end funds were **£1,970** (2023: £1,650). Cash at bank was **£2,320** with **£350** creditors due within one year, giving net current assets of **£1,970** . The charity held no borrowings or long-term liabilities. 4 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** Income comprised small grants and donations. Costs related mainly to programme delivery, venue hire, volunteer expenses, and administration. Expenditure remained within budget. The trustees aim to hold free reserves equivalent to one to two months of core costs. Closing reserves are modest but moving in the right direction following the surplus this year. The board will continue to manage costs carefully and pursue small grants and regular giving to support stable delivery in 2025. ## **Reserves policy** The trustees aim to hold a small free reserve equivalent to one to two months’ core costs to manage timing differences in income and to protect service continuity. At year end, free reserves were modest. The board will rebuild reserves through grant income, donations, and cost control in 2025. ## **Risk management** Key risks considered were funding volatility, safeguarding, volunteer capacity, and compliance. Controls include DBS and safeguarding procedures, financial controls, budget monitoring, and trustee oversight. Policies are reviewed periodically and updated as needed. ## **Structure, governance and management** Trustees are appointed in line with the constitution. Induction covers the governing document, legal duties, safeguarding, and financial controls. Day-to-day bookkeeping and year-end reporting are supported by INBTWIN CIC. Volunteers deliver many activities under trustee supervision. ## **Plans for 2025** Priorities include widening participation in culture and language sessions, improving wellbeing support, expanding partnerships, and strengthening reserves to support stable operations. The National Lottery Community Fund has awarded grant support for one project in 2025. We will use this funding to expand culture and language sessions, run wellbeing workshops, and strengthen volunteer training. Further goals are to widen access across Greater Manchester, improve referral links, and rebuild free reserves through small grants and donations. Outputs will be tracked quarterly, with outcomes captured through short surveys and case notes. An impact summary will be published at year end. ## **Statement of trustees’ responsibilities** The trustees are responsible for preparing the trustees’ report and accounts in accordance with the Charities Act 2011 and the charity’s constitution. They are responsible for keeping adequate accounting records, safeguarding the charity’s assets, and for taking reasonable steps to prevent and detect fraud and other irregularities. They approve the accounts only when satisfied they give a true and fair view. 5 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** Approved by the Board of Trustees and signed on its behalf: Chidinma Okenyeka Chair of Trustees Date: ____________________ 6 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** ## **Accountant’s report For the period ended 31 December 2024** ## **Accountant’s report to the trustees on the preparation of the unaudited financial statements of Igbo Women Community (IWC) Greater Manchester for the year ended 31 December 2024** We have prepared, for your approval, the financial statements of Igbo Women Community (IWC) Greater Manchester for the year ended 31 December 2024. The statements comprise the Income Statement, the Balance Sheet and the related notes. We prepared them from the charity’s accounting records and from information and explanations supplied by you. This report is made solely to the trustees of Igbo Women Community (IWC) Greater Manchester, as a body, in accordance with the terms of our engagement dated 27 October 2025. Our work has been undertaken to prepare the financial statements for your approval and to report to you as described above. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our work or for this report. You have acknowledged your responsibilities under the Charities Act 2011 (as amended by the Charities Act 2022) for keeping proper accounting records and for preparing financial statements that give a true and fair view of the charity’s affairs. You consider the charity exempt from a statutory audit and from an independent examination for this period. We have not been instructed to carry out an audit or an independent examination. Accordingly, we have not verified the accuracy or completeness of the accounting records or the information and explanations provided. We therefore do not express any opinion on the financial statements. ## INBTWIN CIC **----- Start of picture text -----**
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## INBTWIN CIC Building 1 Suite 9 Wilsons Park Business Centre Manchester M40 8WN Date: 27 October 2024 7 ## **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** ## **Balance Sheet Income Statement Year ended 31 December 2024** 2024 (£) 2023 (£) Total income 4,500 2,655 Total expenditure 4,180 2,850 Net movement in funds 320 (195) -----------------------------------------------------------------------------------------------------------------Funds brought forward 1,650 1,845 Funds carried forward 1,970 1,650 ------------------------------------------------------------------------------------------------------------------ ## **As at 31 December 2024** Note 2024 (£) 2023 (£) Fixed assets Tangible assets - - Current assets Cash at bank and in hand 2 2,320 2,000 Debtors 3 - - 2,320 2,000 Less: Creditors — amounts falling due within one year 5 (350) (350) Net current assets 1,970 1,650 Total assets less current liabilities 1,970 1,650 Creditors — amounts falling due after one year - - Net assets 1,970 1,650 Funds Accumulated fund 6 1,970 1,650 Total funds 1,970 1,650 Approved by the Board of Trustees on 28 October 2025 ______________________________ Chidinma Okenyeka Chair of Trustees The notes on pages 8 to 10 form part of these financial statements. 8 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** **Balance Sheet As at 30 31 December 2024** Note 2024 (£) 2023 (£) **Fixed Assets** Tangible assets - - **Current Assets** Cash at bank and in hand 2 2,320 2,000 Debtors 3 - - **2,320 2,000 Less: Current Liabilities** Creditors: amounts falling due within one year 5 (350) (350) **Net current assets** 1,970 1,650 Total assets less current liabilities 1,970 1,650 Creditors: amounts falling due after one year - - Net assets 1,970 1,650 **Financed by** Accumulated Fund 6 1,650 1,845 Net movement in funds for the year (note 7) 7 320 (195) **Total funds 1,970 1,650** Approved by the Board of Trustees on 27 October 2025 ______________________________ Chidinma Okenyeka Chair of Trustees 9 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** ## **Notes to the Financial Statements** **For the year ended 31 December 2024** ## **1. Accounting policies** ## Basis of preparation The financial statements have been prepared under the Charities Act 2011, the Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a public benefit entity. Historical cost accounting has been used. ## Going concern The trustees have reviewed forecasts and cash. With year-end free reserves and confirmed grant income for 2025, they consider the going concern basis appropriate. ## Company status Igbo Women Community (IWC) Greater Manchester is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission on 18 February 2020, number 1188045. ## Income recognition Income is recognised when the charity has entitlement, receipt is probable, and the amount can be measured reliably. Grants and donations are included in the period to which they relate, subject to any performance or other conditions. ## Members’ subscriptions Monthly subscriptions are £10 and are recognised on an accruals basis. ## Donations and gifts Donations and gifts include amounts from individuals, trusts, companies and event income. ## Resources expended Expenditure is recognised on an accruals basis when there is a legal or constructive obligation. Costs are split between charitable activities and support costs. Governance costs relate to the general running of the charity, including independent scrutiny where applicable, and trustee oversight. ## Financial instruments Financial assets and liabilities are basic. They comprise cash, receivables and payables measured at amortised cost. ## Funds All funds are unrestricted unless a restriction is specified by the donor. ## Taxation The charity is exempt from UK direct taxes on income and gains applied for charitable purposes. ## Trustees and staff No trustee received remuneration or was reimbursed expenses in the year (2023: nil). The charity had no employees in 2024 (2023: none). 10 **IGBO WOMEN COMMUNITY (IWC) GREATER MANCHESTER** 2024 (£) 2023 (£) ## 2. **Cash at bank and in hand** **Cash at bank and in hand 2,320 2,000** ## 3. **Debtors** Other debtors - - ## 4. **Tangible fixed assets** The charity held no fixed assets in 2024 (2023: none). ## 5. **Creditors** : amounts falling due within one year Accruals and other creditors 350 350 ## 6. **Movement in funds** (all unrestricted) Balance at 1 January 1,650 1,845 Net movement in funds (note 7) 320 (195) Balance at 31 December 1,970 1,650 ## 7. **Analysis of income and expenditure** 2024 (£) 2023 (£) Income: Grants and donations 4,500 2,655 Expenditure: Charitable activities 3,720 2,450 Support and governance 460 400 Total expenditure 4,180 2,850 Net movement in funds 320 (195) ## 8. **Related party transactions** There were no related party transactions in the year (2023: none). ## 9. **Post balance sheet events** No events have occurred after the reporting date that require disclosure. 11 ## **Accumulated Fund as at 1 January 2024** ||**31 December**|**31 December**| |---|---|---| ||**2024 (£)**|**2023 (£)**| |**Assets**||| |Bank balance|2,000|1,845| |Cash in hand|-|-| |Prepayment|-|-| |Other debtors|-|-| |Subscription in arrears|-|150| |**Total assets**|2,000|1,995| |Less: Creditors due within
1 year|(350)|(350)| |**Accumulated fund b/f**|1,650|1,645| _(Ties to the Balance Sheet: 2023 closing funds £1,650 become the 1 January 2024 opening funds.)_ ## **7 Surplus / (deficit) Income** |**7 Surplus / (deficit)**
**Income**||| |---|---|---| ||**31 December 2024**|**31 December 2023**| ||**(£)**|**(£)**| |Members’
subscription|2,400|2,040| |Members’||| |registration|-|-| |Donation|600|-| |Grants
|1,200|-| |Other income|300|615| |**Total income**|4,500|2,655| |**Less Expenditure**||| |**Total income**
**Less Expenditure**|4,500|2,655| |---|---|---| ||**31 December**|**31 December**| ||**2024 (£)**|**2023 (£)**| |Printing and stationery|220|200| |Telephone charges|-|-| |Members’ welfare|1,300|1,000| |Public relations|230|200| |Accountancy fee|350|350| |Professional fees|-|-| |Governance and support
costs|460|400| |General expenses|1,620|700| |**Total expenditure**|4,180|2,850| |**Net movement in funds**
|320|(195)| 12