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2024-11-30-accounts

REGISTERED CHARITY NUMBER: 1190143

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 30th November 2024 for IGBO Progressive Union UK

IGBO Proggressive Union UK

Contents of the Financial Statements for the Year Ended 30th November 2024

Page
Reference and Administration 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 and 8
Detailed Profit and Loss 9

IGBO Progressive Union UK

Reference and Administration Details

Registered Charity number

1190143

Company Number

n/a

Principal address

82 Station Road Handsworth Birmingham B21 0EX

Trustees

Pastor Anthony Amadikwa Chair Dr Izuchukwu Bernard Udeze MBBS Charles Ikechukwu Opara Uchenna Flannan Nwakuna

Independent Examiner

Angela Bent AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX

Bankers

Lloyds Bank plc Northfield PO Box 1000 BX1 1LT

Page 1

IGBO Progressive Union UK Report of the Trustees for the Year Ended 30th November 2024

CHAIR'S STATEMENT

The Trustees are pleased to present the Annual Report of Igbo Progressive Union UK for the year ended 30th November 2024 Throughout the year, the Union remained committed to promoting the welfare, cultural heritage, unity and advancement of the Igbo community in the United Kingdom while fostering integration, education and community engagement. Despite challenges, we continued to deliver programmes that strenthened our community and promoted our charitable objectives

The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities issued March 2005

COMMENCEMENT OF ACTIVITIES

IGBO Progressive Union registered as a Charitable Incorporated Organisation (CIO) in June 2020, marking the beginning of our mission to make a positive impact on our community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

IGBO Progressive Union is governed by its constitution.

The board of Trustees is responsible for strategic direction, governance and financial oversight. Trustees are elected in accordance with the Constitution and meet regularly to oversee the activities of the Union.

The Trustees have collectively reviewed the major risks facing the organisation and are satisfied that appropriate systems of internal control are in place

RISK MANAGEMENT

The Trustees regularly review potential risks including:

Appropriate policies and procedures are maintained to minimise these risks

OBJECTIVES AND ACTIVITIES

Statement of Objectives and Public Benefit

The objectives of the Union are to:

PUBLIC BENEFIT STATEMENT

The Trustees confirm that they have had due regard to the Charity Commissions guidance on public benefit when planning and carrying out the Unions activities. The Union exists to promote community cohesion, preserve cultural heritage and provide support that benefits members of the public and the wider community.

Page 2

IGBO Progressive Union UK Report of the Trustees (Cont'd) for the Year Ended 30th November 2024

Achievements and Performance

During the reporting period, the Uniuon successfully:

The Trustees believe that these activities have advanced the Union's charitable purposes and delivered public benefit through community cohesion, education and cultural preservation

Financial Review

Compared to the previous year, Income from Donations, grants and interest have increased by £18,930. Expenses have increased by £8,340 giving a surplus of £10,590. Together with the surplus brought forward, the Union is in a plus position of £16,304. It was decided to defer £11,500 of this surplus to 2024/2025.

The Trustees remain satisfied that the organisation is financially stable and continues to manage its resources responsibly

Plans for the coming year

As well as expanding on its current activities the Union intends to develop digital communication and member engagement

Trustees Responsibilites

The Trustees are responsible for preparing the Annual Report and ensuring that appropriate accounting records are maintained in accordance with applicable law and the governing document of the Union.

Approval

This report was approved by the Board of Trustees on the 26th June 2026

Pastor Anthony C Amadikwa Chair of Trustees

Page 3

Independent Examiner’s Report to the Trustees of IGBO Progressive Union

I report on the accounts of the charity for the year ended 30th November 2024, which are set out on pages 5 to 9.

Respective Responsibilities of the Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s 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 accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the 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 below.

Independent Examiner’s Statement

There are no issues

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and · to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Angela Bent

AB Accounting and Taxation Services Limited 17 Gleneagles Drive Great Barr Birmingham B43 7RX

25th June 2026

Page 4

IGBO Progressive Union UK Statement of Financial Activities for the Year Ended 30th November 2024

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Grants
Bank Interest
2
Total incoming resources
RESOURCES EXPENDED
Costs of generating funds
Costs of generating voluntary income
Governance costs
4
Other resources expended
Total resources expended
NET INCOMING RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
Transfer to deferred Income
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
and
Designated
Funds
6,915
16,650
12
23,577
11,230
485
11,715
11,862
4,442
-11,500
4,804		 Restricted
Funds
0
0
0
0
0
0
0		 2024
Total
Funds
6,915
16,650
12
23,577
11,230
485
11,715
11,862
4,442
-11,500
4,804		 2023
Total
Funds
4,647
0
0
4,647
3,000
375
3,375
1,272
3,170
0
4,442

There were no recognised gains or losses for the year other than those included in the Statement of Financial Activities

Page 5

IGBO Progressive Union UK

Balance Sheet At 30th November 2024

Notes
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
9
TOTAL FUNDS		 Unrestricted
and
Designated
Funds
17,014
17,014
-12,210
4,804
4,804
4,804		 Restricted
Funds
0
0
0
0
0
0		 2024
Total
Funds
17,014
17,014
-12,210
4,804
4,804
4,804
4,804
4,804		 2023
Total
Funds
4,817
4,817
-375
4,442
4,442
4,442
4,442
4,442

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The directors have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees on the 26th June 2026 and were signed on its behalf by:

Pastor Anthony C Amadikwa

Page 6

IGBO Progressive Union UK Notes to the Financial Statements for the Year Ended 31st December 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources 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 with the use of resources.

Tangible fixed assets

The Charity has no fixed assets

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

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 charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The Union had no Restricted Funds during the year.

2. INVESTMENT INCOME

Deposit account interest 2024
£
12		 2023
£
0

3. TRUSTEES' REMUNERATION AND BENEFITS

There was no Trustee remuneration for the year ending 30th November 2024 nor for the year 2023

Trustees' Expenses

Trustees' expenses paid for the year was Nil. Trustee expenses for 2023 was also nil

4. GOVERNANCE COSTS
Independent Examination and Statutory accounts preparation		 2024
£
485
485		 2023
£
375
375

These notes form part of the financial statements

Page 7

IGBO Progressive Union UK Notes to the Financial Statements - continued for the Year Ended 30th November 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accountancy Fee
Trade Creditors
Deferred income
6. MOVEMENT IN FUNDS
Unrestricted Funds
At
01/12/2023
General fund
4,442
Transfer to Deferred income
0
TOTAL FUNDS
4,442
Net movement in funds, included in the above are as follows:
Incoming
Resources
Unrestricted funds
General fund
23,577
Transfers between funds and Debtors
0
TOTAL FUNDS
23,577		 2024
£
710
0
11,500
12,210
Net movements
in funds
11,862
-11,500
362
Resources
Expended
11,715
11,500
23,215		 2023
£
375
0
0
375
At
31/11/2024
16,304
-11,500
4,804
Movement
in Funds
11,862
-11,500
362

Page 8

IGBO Progressive Union UK Detailed Statement of Financial Activities for the Year Ended 30th November 2024

INCOMING RESOURCES
Voluntary income
Donations
Total incoming resources
RESOURCES EXPENDED
Costs of generating voluntary income
Employee costs:
Meeting Costs
Travel and subsistence
Refreshments
Volunteer Expenses
Premises costs:
Rent
General administrative expenses:
Office Expenses
Event Costs
Telephone and fax
Equipment expensed
Members Welfare
Legal and professional costs:
Accountancy fees
Other Legal and Professional Fees
Interest
Other operating income
Surplus / Loss for Year		 2024
2023
£
£
6,915
4,647
6,915
4,647
199
0
29
0
1,191
0
1,419
0
725
0
725
0
690
0
6,666
2,000
99
0
256
0
375
0
8,086
2,000
485
375
1,000
1,000
1,485
1,375
11,715
3,375
12
0
5,150
0
5,162
0
362
1,272

Page 9