IGBO WOMEN ASSOCIATION NOTTINGHAM REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
IGBO WOMEN AssoaATION NOTnNGHAM REPORT OF ThE TRUSTEES AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Pa Le8al and Admln15tratNe Inforniatlon Report olthèTrustees Independent Exanne¢S rewt Statement of Flnand•l Actmt Balance Sheet Notestoth* Flninual Statements l(k13
IGBOWOMEN ASS(XIATION NOYTINGHAM REPORT OF THETRUSTEESAND FINANCIAL STATEMENTS FOR THÉYEAR ENDED 31 DECEMBER 2023 Lapl and Admlnlstrattw Inlorni*lo Offic•rn and Profe5$1onal Advlsors Lovelyn Umeloh Geraldlne Chldlnmma Iwunze Onylnyechl Ogbakaeko Okenwa Rrylsternd offl 60 Ebers Road NottlnBham NG3 SDZ Indqpend•nt Ex•mln•r IMS A¢¢ount8n¢y SeNl¢os Ltd Nottln8ham NG8 3HW Charlty Commlsthin ls1•f•d N¥mb 1190309
IGBO WOMEN AssoCON NOThNGHAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 TheTTU5tees. forthè purposes ofthe CharitresArt 1993 as amended and Ststement of Recomffthded Practice ISORPI 2005, submit their annual report and finantial statements for the year ended 310ECEMBER 2022. 7he Trustee5 have adopted the provtsions ofthe Ststement of Recornmended Prdetiee ISORPI "Accounting and Reporting by Charitres" issued in DECEMBER 25 irt prèparing the annual report and financial statements of the Charrty. A Memorandum and Artides of Association govern the Charity. IWAN is a group ofwomen fromthe Eastem part of Nigeria who are Irving in Nottingham. IWAN ha5 a mixed membership structure that èmbrates non-lgbo women who are married to IgtKJ men. The unifying motto of Ofu Obi Amaka translates Into Unity of purpose. The community 8roup'5 main objerti¥es are promoting unity. female empOwernn¢ pro8ress and culiural intwaclion among its members, their familles, and other cultural groups in the oty- OURAIM&. We have not relented in our focus8roup meetlres as we foojs on facilitati contscts. sodalisin& and promoting Culre within our comrnunity. Our recent outingtt> perfomi forvulnerable patients at Nottin6ham Uni¥ersity H05Pital w35 ruined by rain to be rescheduled. We are good ai signposting people within the comrnunity to a pla of supportand a Mtsl network of safety. We supported the Amba55ador communitytwo weeks ago at thety endf-Yeal party. promoting community cohesion. In doing what we aregood at we perfomied the IWAN tradityortral dano for a traditional marrlage here In N¢)ttingham a few months ago. thereby promotin88ood health and encouragingthe spirit oftogetherness. We ithew our aims. objectives. and artionsyeafty. This miew looks at our Kcomplishments and fesults In the last 12 months. The reeW observes the success of our acbyitie5 and the benefits they have br¢)ughtto our community. The review also hdps us ensure our aim, objective5 and actMhÈS remain fUSed on our ststed purp05es. We have referred to the guidance contained in the Charity Comm¢ssion'5general ÈLtidance on public benefit when rewewing our alms and obJecttves and in planning our future attivities. In particular, the trustees reflea on how Intended artrtieS will contributetotheir aims and ¢)biective OUR OBJECTIVES: The tt>mmurtity group's main obRdives are promoting unity, female empowermenL progress and ojltufal irtterattion among its members. theirfomlli4 and other cuttural groups in the tity. REVIEW OFACtivtnESANDACHIEVEMENIS: While ouroffice address remains the same. the meetIg place hasd4n8ed to: Our Lady & St Edward R C church Gordon Rd, Thorneywood. Nottin8ham NG32LG We plan to continue carrying out variousyouth pnwammesfor ouryjuth in the community. Already. we have recelved reportsfrom parentsthat ouryouths are behaving wdl at school and home. INCOME GENERATION The Charity has gènèrated E2285 duringthe year. Thts both direct traThder5 intt> thedwrity's account and cash donatlo
IGBOWOMEN ASSOCIATION NOThINGHAM REPORT OFTHE TRUSTEES I countlnuedl FOR THÉ YEAR ENDED 310ECEMBER 2023 RISKS The tsrtOTS that may affectthe Charlty's dellvery of Its oblertlves Include.. al Reputatlon of Charlty and the relatlonshlp wlth the communitv. bl Ablllty to generate enough fLtnds to complete the identlfied proje¢ts for the charlty successfulty. IGBO WOMEN ASSOCIATION NOThINGHAM produces an annual plan for delivery asain5t its oblectlves. Th15 plan sets Out the targets for thè year and Is then broken down Into a work plan. IG80 WOMEN ASSOCIATION NOTTINGHAM has developed a strategy whlch spec5fles how It wlll dellver the crltlcal pro8ramme5 of work. The strategy also Identlfies targets and Performan Indicators. RESERVES POLICY The Charlty alms to bulld a reserve whlch wlll enable It to meet Its average annual operatlonal need. The Truste•s revlewthe reserves held. bythe Charlty regularly to ensur• that an appropr14te level of funds are held to meet the above polky of the Charlty 8oln8 forward. GOVERNANCE AIID INTERNAL CONTROL A 8tsaid of Trustees governs the Charlty. Th• Board of Trustees seletts newTruste•s and •r• subl•ct to rtr èlectlon every Ilve Years. At 31 OECEMBER 2023, the Board had a membership ot Three131 people. The Boord meets the tlmes a yearto agree key pollLy declsSon5, set ihe strategy forthe charlty and oversee ils performance. At the board h?5 committee members responsibl• for the day-to-day actlvltle5 of the thirlty. Nono of the commlttee members Is beln8 remunerated. All Trustees recelve the handbook for Trustees provlded throu8h th• Charlty Comm5551on. Each Trustee wlll have an Induction programme by other Trustees artd re¢elve an Inlormatlon pack on the Charlty and Its finan¢ts. Beyond thls, the Char(ty follows the code of practS¢e for 8ovemante produced by th• Govemanc• Hub. Company law requlres theTrustees to pr•pare financlil statements lor each flnan¢lal year. whlth complv wlth the Ch#rltles Act1993 as amended The Internal control system5 are des18ned to provlde reasonable. but not absolute, a5suran¢e aeainst materlal mlsstat•ment or loss, They Include.. A strate8ic plan and annual budget approved by the Trustees.. regular conslderatlon by the Trustees of flnanclal results, In partlculor, varfance from the bud1,. and Delegatlon of authorfty and segregation of dutles.
IG80 WOMEN ASSOCIATION NOThINGHAM FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENTOFTRUSTEES RESPONSIBIIITIES IN REspKfoFTHETRUSTEES' ANNUAL REPORT AND THE FINANCIAL 5fATEMENTS The trustees are responslblefor preparlng the Trustèes, Annual Report and nancIal statements by applicable lows and re8ulatlon5. Company law requires the trustees to prepare financial statements for each hnanclal year by UK Accountlng Standards. and appllcable law (UK Generally Accepted Accountlng practi1. The finantial statements are requlred by law to glve a true and falr vSew of the State of affalrs of the charltsble companyand of the exttss of Income r expendlture for that perfod. In preparln8 these Ilnandal statements, th• trsJ5tees are r•qulred to: selett sultable accountln8 pollcles and then apply th•m conslstentlv,. make lud8ement5 and estlmates that are reasonable and prudent,. state whether appllcable UK Accountln8 Standards have been followed, subject to 4ny materlal departures dlsdosed and explalned In the finand815tatements and Prepare the flnon¢l•l statements on a golng concem basls unles5 It15 In4pproprlate to presume that th• Charlty wlll contlnu• In bts act5vIt& Thetrustees ir• responslble for keepln8 prop•r accountlns r•cords th•t dlsclose wlth reawn•ble accuracy at 4ny tlm• the flninclal posltlon of the tharttable company and enable them io ensure that Its flnanclal stat•ments cornply wlth the Charftles Act 1993 as amended. They have general responslblllty fortsklng suth steps as are r•a50nably op•n toihem to s•fe8uard the assets of the charlt¥ble ¢ompany Ind to prevent and drtect fraud and other IrTe8ulars.
IG80 WOMEN ASSOCIAYION NOTTINGHAM FOR THE YEAR ENDED 31 DECEMBER 2023 DISCLOSURE OF INFORMATION TO EXAMINER The trustees who held offlce at the date of approval of thls trustee5' report ¢onflrm that, so far as they are each aware. there Is no information of which Charl5 examinÈr is unaware. Each trustee has taken all the steps that hèlshe should have taken as a trustee to make hlmselflhetself aware of any relevant Informatlon and èstabllsh that the Charity'5 examiner is aware tsf that Information. &WdlNER In Ilnewlth the provlslon exemptlon in thè Charftlès Act 1993. as amended, the trust declded to appolnt an examinerwhowlll revlew the accounts for the year endlng 31 December 2023, Wlth this appolntment, IMS Accountanry Services Ltd w35 appolnted as examlner. Apprtsved bythe Board ofTrusteeg and $18ned on behalf olthe board by.. iolioli4 Onylnye¢hl Ogbakaeko Okenwa Trust•e
Independent Examlner's Report to the Trustee5 of IGBO WOMEN ILSSOCIATION NOTnNGHAM We report on the accounts of the Trust for the year ended 31 De¢ 2023. which are setout on paEes 9 to 13. Respertive rÈsponslbllltles of trustees and examlner The charity's trustee5 arè rèsponsible for the preparation of the accounts. The charlty's trustees cor¢sider that an audlt Is not required for this year (under sectlon 43121 of the Charitie5 Act 1993 Ithe 1993 Actll and that an Independent examinatlon Is needed. It Is our responslblllty to: examine the accounts (under section 4313llal of the 1993 Actl,. to follow the procedures laid down in the General Directions given by the Charity Commissioners lunder section 43I7llbl of the 1993 Actl.- and To state whether partlcular matters have come to our attention. Ba$15 of independent examlner's report Our examlnation was carried out under the Gèneral Directlons given by the Charity Commlssioners. An examinatlon includes a review of the accounting records kept by the charity and a comparhson of the accounts presented with th¢)se records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanatlons from you as trustees Conrning any such matters. The procedures undertaken do not provide all the eviden¢e required in an audit. and consequently, we do not express an audit opinion on the vlew given by the accounts. Independent examlne¢s statement In connettion with our examination. no matter has come to our attention: 111 Whl¢h glves us reasonable cause to believe that in any materlal respect the requlrements, To keep accounting records followin8 section 41 of the 1993 Act,. and To prepare accounts which accord wlth the accounting record5 and Comply wlth the accounting requirements of the 1993 Act as amended. Have not been met; or 121 To which, in our opinlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. For and On behalf of IMS Accountsncy Servlces Ltd SO Wjgman Road Nottlngham NG8 3HW
IG80 WOMEN ASSOOATION NornNGHAM STATEMENTOF FINANaAL ACTivmES I Incorporatlng an Income and Expendlture Accoutit I FOR THE YEAR ENDEO 31 DECEMBER 2023 Unrestricted Restricted Funds 2023 Funds 2023 Total Funds Total Funds 2023 2022 Notes Incornln¢ R•sourc•s From Charltsbte A(t*Atles General Donations Other Income 2285 2285 510 Totsl Incoming Resources 2285 2285 510 Resources Expended Cost of Generating Funds Charltable Actlvities Governan¢e 2578 3CKJ 2578 590 300 Totsl R¥sources Expended 2878 2878 890 Nèt Incomel IOut8oin8) Resouros Total funds brought forward 3073 -593 2480 Total funds carned fortvard 3073 -593 All incomlng resources are derived from ¢ontinulng operations. The tharity has rto other gains or losses other than those rectsgnised in the Statement of Flnandal Artiwties.
IGBOWOMEN ASSOCIATION NOThNGHAM STATEMENTOF FINANCIAL POs10N FOR THEYEAR ENDED 31 DECEMBER 2023 2022 Total Funds Fur45 Funds Tanglble assets CURRENT ASSErs Debto Cash In hand 2,7 3373 CRED)5 Amtyjnts lallln8 due wlthSn onear NET CURRE1 ASSEf5llLIABILmESI CREorfoR5 Amounisfallin8 dueafterM0 than one year 3,073 FUNDS Unrestrkned funds Restricted fvnds TOTAL FUNDS io io li 3.073 3.073 For the ending 31 DECEMBER 2023, theCharitywa5 entided to exemption from auth under section 477121 o* Ihe Companies Act 26. The members have not required the companyto obtain an audit in a¢¢ordance with section 476 of the Companies Act 2LXJ& The trustee5 acknovAedqe their responsilmlity fortomplwngwrth the requirement ofthe Companles Act 2CK16 th respett to accountlng recorts and the preparatkjn of accounts The Accountswas appro1 by the Board of Trustees and 4ned on behalfof the Board by. Onylnyechl Ogbakaeko Okenwa Trustee On behalf of theTrust
IG60 WOMEN ASSOCIATION NOTTINGHAM Notes totheA¢counts FOR ThE YEAR ENDED 31 DECEMBER 2023 l. AccountlnB Poll¢les 8asls of pr•paratlon The financial statements have bèen prèpared under the historical cost conventlon. The financial statements have been prepared in accordance wlth the Statement of Recommended Practicè ISORPI, "Attountin8 and Reporting bv charities.12)51, the Charlty Art 1993 and applicable UK accounting standards. C45h flowst*em•nt Under FRS I the Charity is exempt from the requirement to prepare a Cash fflow ststement on the grounds that the charity is belowthe threshold specified in Appendix 2 of theFRSI. Fund accounting General fund5 are unrestricted furtds which are available for use at the dSscretlon of the Trustee5 in furtherance of the objettivès of the Charity and which have not been designated for other purpose5. Restricted funds are fvnds which are to be used in attordancè with specific restrictions Imposed by donors or which have been raised by the Charity for purposès. The cost5 of raislng and administering such funds are ¢harged against the speclfic fund. The aim and use of each restrirted fund is set out in Note 2. Investment income and gains are allocated to the appropriate fund. Incomlng resotsrc•s All incoming resources are Included In the Statement of Flnantial Actiwtse5 ISOFAI when ihe Charity is legalty entltled to the income and the amount can be quantified wilh reasonable accuracy. The grant incorne where related to perforrnance and specific dèliverables are accounted for as the Charity earn5 the rieht to cpnsideratlon by its performance. Wherè income is recelved in advance, Its recognition 15 deferred and included in creditors. Where entitlement o¢¢urs before income belng recefved, the incomels accrued. Resources ended All expènditure is accounted fof on an accruals basis and has been classified under headines that aggregate all costs related to the category. Where c05t5 cannot be directly attributed to partlcular headings they have been allocated to activitiÈs on a basis tonsistent with the use of resour. Premises ovèrheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head tount. Community project costs are those costs Incurred directly in support of the objects of the Charlty. The community project cost includes other support costs incurred in support of the objects of the Charlty. Governance cost5 arè those incurred In connection with 8overnance arrangement of the Charity, whSch relate to the general running of the Charity and compliance with constitutional and statutory rÈ4uirements. The basis of allocation for support costs and governance costs has beèn èxplained in Note 3. io
IGBO WOMEN ASSOCIATIOM NOTTINGHAM Notes to the Actounts FOR TrIE YEAR ENI)ED 31 DECEMBER 21)23 Note 2. 2023 Unrestricted Restricte(I Funds Funds Total 2022 Unrestrirted Restrlrted Funds FLtnds Total Gèneral Donations 2285 510 sio 2285 2285 sio sio Note 3. Incomlng Resautte5. Other Inrne 2023 Unrestricted Restricted Furlds Funds Totsl 2022 UnStrICted Restricted FuThls Furmts Totsl Government Support Events Income Other Income Nots 4. 2023 Unrestrfcted Restricted Funds FLtnds Totsl 2022 Unrestricted Re5trirted Funds Funds Total Publicity Equipment Events & Other related Costs Unifomi Charitable aetlvity Wèbsite 70 70 590 21x1 2578 2578 590 p4rte 5. 2022 Unrestricted Restricted Funds Funds fotsl Unrestrrtted Restricted Funds Funds Totsl Accountancy fee Other Professional Fees 3C#J li
IGBO WOMEN AssoaATION NOTnMGIIAM Notesto the Accounts FOIITHE YEAR ENDED 31 DECEMBER 2013 Note6. Tanglble Assets- Equlpment I Vehkle 2023 2022 Addltlons D15posal Total Cost Depredatlon 8alance BIF Char8e for theyear Dlsposal 8alance CIF Net book value At 31 Oec 2022 At 311)ec 2021 Not• 7. 2023 2022 Debtors Total Debtors Not• 8. Cash •t bank •nd In hand 2023 2022 Cash at bank and In hand 2780 3,373 Not• 9. Credltors Amounts falllni du• wlthln on• y••r 2023 2022 Accountancy Fee Other Credttors Totsl Creditors 3CKJ Not• 10. Movement In fvnds Openin8 Balance Incoming Resource Resources aostn exptndtd Balanc• Unre5trlrted funds Charlty's fund Toiol Funds 3073 3073 228S 2285 -2878 -2878 Restricted funds Grants 12
Notes to the Accounts FOR ThE YEAR ENDED 31 DECEMBER 2023 Note 10.1 Analysls of Assets byfund Unrestricted Restrieted Funds Funds Tordl Funds Cash at Bank and in hand Other Net Assets l Liabilitlesl 27 2780 2480 Note 11. The Trustees did not any err4Jluments and no out of cket exptnsts were paid during the year12022-23: £nill Note 12. A5 a c¢mpa¥ry, IGBO WOMEN ASSOCIATION NOnlNGHAM is exempt froffl tax on income and fjains falling wlthin sertion 505 ofthe Taxes Art 1988 or s256 of the Taxation of Chargeable GainsArt 1992 tothe extent thatthese are applied to its objects. No tax tharges ha¥e arisen in the Company. Not• 13. Control The ultlmate contrling parknes are theTnee$ as stated page 2. 13