2021-03-31-accounts - Oaa UK Trust

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Trustees’ Annual Report for the period

From 26/02/2020 Period start date To 31/03/2021 Period end date

Charity name: OAA UK Trust

Charity registration number: 1188190

Objectives and Activities

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SORP reference
Summary of the purposes of Para 1.17 To advance the education of the pupils at
the charity as set out in its Achimota School Ghana by providing and
governing document assisting in the provision of facilities for
education at the school.
Summary of the main Para 1.17 and The OAA UK Trust charity in line with its
1.19
activities in relation to those objectives of assisting in the provision of
purposes for the public educational facilities provided some financial
benefit, in particular, the contribution of £14,900 towards construction
activities, projects or services of the new Science Block. This was in
identified in the accounts. response to a OAA fundraising campaign to
cover a shortfall of much needed funds to
fully complete the project.
In 2017 Achimota School turned 90 years.
The OAA Executive Committee embarked
on a useful legacy project to benefit the
school. The Headmistress was asked about
the most pressing need for which assistance
was needed from the OAA. To which she
responded that a new Science Block with
modern facilities and equipment was
required in view of the large number of
science students.
The OAA applied for and won funding of
$310,000 for the project, from the Tullow Oil
Ghana Limited initiative that supports
second-cycle institutions with STEM
infrastructure. However, the project was
budgeted to cost over $450,000 and
therefore additional fundraising was
necessary.
Statement confirming Para 1.18 The Trustees have had regard to the Charity
whether the trustees have Commission’s guidance on public benefit.
had regard to the guidance
issued by the Charity This is demonstrated by our financial
Commission on public contribution to developing and promoting
benefit advanced STEM Education and facilities that
will help develop and create interests in the
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Science, Technology, Engineering, and Mathematics for aspiring students.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

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SORP reference
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During this reporting period, the OAA UK Trust in line with its objectives provided some financial contribution towards the construction of a new Science block. This facility will aid STEM development and help accommodate the increased intake of students. These students will hopefully progress into higher education in these disciplines and subsequently into professions and the workforce to contribute to the development and advancement of the nation of Ghana. As an organisation, the majority of our funding is received from the Annual OAA UK Fundraising Dinner Dance events. However, restrictions and conditions imposed by the global pandemic impacted our fundraising activities. This is evident in the accompanying Accounts.

Additional information (optional) You may choose to include further statements where relevant about:

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Achievements against
Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of this reporting period, the financial position is still satisfactory even though no income was realised. The OAA UK Trust has no major overheads, the organisation is fully ran and supported by volunteers.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We hold reserves to ensure the ongoing running of the organisation. The reserves enable the organisation to undertake prefunding activities such as paying deposits for the catering and venues used to host our fundraising and alumni events.
Amount of reserves held	Para 1.22	Due to the varied annual income, the organisation aims to maintain reserves. The the actual amount is yet to be agreed.
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The OAA UK Trust is optimistic about the future, given the gradual removal of restrictions imposed as a result of the global pandemic. This means we can start considering our Annual Fundraising Dinner Dance events and other avenues for virtual fundraising events.

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:		The OAA UK Trust Charity consists of 3 Trustees and 7 members of the Executive Team.
Type of governing document (trust deed, royal charter)	Para 1.25	CIO Foundation Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation (CIO)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are generally appointed from the OAA body. Any member may submit nominations to the invitation for new Trustees by the published deadline ahead of the AGM. The nominees are presented at the AGM and selected through a process of voting for an initial term of 2years. This is ratified by trustees. There must be at least 3 charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	OAA UK Trust
Other name the charity uses	N/A
Registered charity number	1188190

Charity’s principal address 38 Claydown Way Slip End Luton LU1 4DU

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Richard Debrah Lead Trustee Whole year OAA UK Trust
Frances Audrey Trustee Whole year OAA UK Trust
2 Oboshie Torto-
Annobil
3 Abena Osei-Lah Trustee Whole year OAA UK Trust
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Richard Debrah
	Lead Trustee
	31/01/2022
	31/01/2022

Charity Name OAA UK TRUST	Charity Name OAA UK TRUST	Charity Name OAA UK TRUST	Charity No (if any)	1188190
Annualaccountsforthe period
Period start date	26-Feb-20	To	Period end date	31-Mar-21

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	-	-	-	32,621
-	-	-	-	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
4,728	-	-	4,728	-
4,728	-	-	4,728	32,621

-	-	-	-	-
14,900	-	-	14,900	-
-	-	-	-	-
257	-	-	257	-
15,157	-	-	15,157	-

10,429 -	-	-	10,429 -	32,621
-	-	-	-	-
10,429 -	-	-	10,429 -	32,621
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
10,429 -	-	-	10,429 -	32,621

32,621	-	-	32,621	-
22,192	-	-	22,192	32,621