Trustees’ Annual Report for the period
From 01/04/2022 Period start date To 31/03/2023 Period end date
Charity name: OAA UK TRUST
Charity registration number: 1188190
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance the education of the pupils at Achimota School Ghana, by providing and assisting in the provision of facilities for education at the school. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The OAA UK Trust charity in line with its fundraising objectives, hosted a fundraising dinner event. The event brought the OAA alumni together and raised some funds. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have had regard to the Charity Commission’s guidance on public benefit. |
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
| 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 | The charity experienced reduced donations than expected for the year. This shortfall was largely attributed to the cost of living crisis, with similar trends being widely reported by some organisations within the charities sector. While the annual fundraising dinner dance raised a reduced amount than we had hoped, the event achieved its objectives in bringing together our alumni, main donors and contributors as a way of their commitment to supporting the school. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
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 stable. The OAA UK Trust has minimal overheads, the organisation is fully run 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 ensures that reserves are held. The actual amount varies and is determined annually. |
| 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 still optimistic about the future, even with the cost-of- living crisis which has generally led to reduced donations to charities such as ours. We will continue to host the Annual Fundraising Dinner Dance events, which is our main fund raiser. |
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 | OAA UK |
| 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
| 1 2 3 4 5 6 7 8 9 1 0 1 1 1 2 1 3 1 4 1 5 1 6 1 7 1 8 1 9 2 0 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Richard Debrah | Lead Trustee | Whole Year | OAA UK TRUST | |
| Francis Audrey Oboshie Torto-Annobil |
Trustee | Whole Year | OAA UK TRUST | |
| Abena Osei-Lah | Trustee | Whole Year | OAA UK TRUST | |
– 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
Signature(s) Full name(s) Richard Debrah Lead Trustee Chair, etc)
Date 29/01/2024
| OAA UK TRUST |
OAA UK TRUST |
OAA UK TRUST |
1188190 | CC16a | |
|---|---|---|---|---|---|
| For the period from |
4/1/2022 | To | 3/31/2023 | ||
| Section A Receipts and payments | |||||
| A1 Receipts Donations and Legacies 2,125 - - - - - - Subscriptions 30 2,155 - - Sub total - Total receipts 2,155 A3 Payments Charitable Activities 346 Bank Charges 15 - - - - - - Sub total 361 - - Sub total - Total payments 361 Net of receipts/(payments) 1,794 A5 Transfers between funds - A6 Cash funds last year end 18,876 Cash funds this year end 20,670 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 2,125 - - - - - - 30 2,155 - - - 2,155 346 15 - - - - - - - 361 - - - 361 1,794 - 18,876 20,670 |
Last year to the nearest £ |
|
| - | 2,125 | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 30 | ||||
| - | 2,155 | - | |||
| - | - | ||||
| - | - | - | |||
| - | - | - | |||
| - | 2,155 | - | |||
| - | 346 | - | |||
| - | 15 | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 361 | - | |||
| - | - | ||||
| - | - | ||||
| - | - | - | |||
| - | 361 | - | |||
| - | - | 1,794 | - | ||
| - | - | - | - | ||
| - | - | 18,876 | - | ||
| - | - | 20,670 | - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use |
Details Cash at Bank Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 20,670 - - 20,670 OK to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
to nearest £ - - - - OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Restricted funds Restricted funds Amount due (optional) |
to nearest £ Endowment funds |
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| to nearest £ Endowment funds |
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| Current value (optional) |
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| When due (optional) |
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Signed by one or two trustees on behalf of all the trustees
Signature
Print Name
Date of approval