IGBO WOMEN ASSOCIATION NOTTINGHAM REPORTOF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 IGBO WOMEN ASSOCIATION NOTnNGHAM REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Cont•nts Page Legal ond Admlnlsts3tlv8 Infomatlon Report oftho TNslee$ 34 Indèpendent Examlnerfs IPPOrt statement of Flnanclal ActlvlUo8 88lance Sh88t Note8 to the Flnanelal Statemonls 9-12 IGBO WOMEN ASSOCIATION NOTnNGHAM REPORT OF THE TRUSTEES AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 OECEMBER 2024 Legal and Admln16tratlve Informatlon Offlcers and Prof•ssloDal Advl•orn Tru•tses G8r81dln8 Chldinrnma Iwunze Onylnyechl Ogbakaeko Okenwa Regl•t•red Offl¢• 60 Eb8r8 Road Nottingham NG3 5DZ Legal form Charftsble In¢0￿0￿81&d O(ganl8ation Gov•mlng do¢um•nt: Con8tltullon Independ•nt Examln•r IMS Accountancy Seths Ltd Nolllngham NG8 3HW Charlty Comml••lon R•gl#t•r•d Number 1190309 IGBO WOMEN ASSOCIATION NOTnNGHAM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The tni8lee8 presont thoir report and finanaal statements for the year ended 31 D8￿rnber 2024. The financial stateThnts have been prepared in accordance with the Charftles SORP (FRS 10211sgcond 8ditEon. effective for periods beginnin9 on or aft8r 1 January 20191 and the Cha￿1￿8 Act 2011. The ch8rfty is a Chariiable Incorporal8d Oryanlsalion (CIO) govemed by its Con8titution. IWAN 58 a group of v1￿Men from the Eastem part of Nlgeria who a￿ Uvthg kn Nottlngham. IWAN has a mlxed member5hlp stru¢tur8 that en*raco$ non-lgbo womn who are married lo Igbo men. The unlfying motto of Ofu Obi Amaka Iranslales Into Unlty ol pu￿080. The comrnunty group's maln objectlv88 are promoting unty. female empowement, prograss and cultural inlerac4h)n among member8, thgir famllle$. and oth8r cultural groups Sn th8 oty. OURAIMS: We have not relented In our focus group m8etlng8 as we foGus on f¥Glkntlng contact8, socialislng, and promotlng cu￿￿re wlthln our community. Our re¢ent outlng to p8rfom for vulnerable patbnt8 at Nottlngham Unlvor511y Hosphal wa$ Nined by raln lo be resth8dul8d. Wa art good a181gnpo8llng p8ople wtthln th8 corrniunlty lo a place of support and 8 vllal network of 8af&ly. We supported the Amb85S8dor o)mmunlty two bbpek8 ago al Ihelr end-of-year party. promotlng communlly cohosion, In dolng what we are good at, we pèrfom*d thè IWAN tradlllonal danco for a lrndltlonal manl998 h8r8 In Nottingham a faw month$ ago, thereby promolln9 good health and ono)urngSng the splrft of togethemess. We ravlew our alms, obl8ctlv68, and actbns yearfy. This revlew looks at our af*))mpllshffont8 and r68uIts In the188t 12 months. The ra￿eW ob8eNes tho 8ucces8 of our 8th111•8 and the beneffts they hav• brought lo our Co￿Th￿nity. The revlgw also h8lp8 U8 en8uro our alm, oblectlves and actlvllles remain fo¢u8ed on our $tsl¢d purpo888. We have referred to the guklance conlohed In the Charlty Commisslon's general guldance on publlc benefft when Tgvl8vAng our olms and obiective8 and In plannlng our futuro a¢tlvltl88. In part￿l8r. thg tWStgos reflo¢t on how int8nd6d ¥divlti88 wll conldbul8 lo Ihelr alms and obi&¢tive$. OUR OBJECTIVES: The C4J￿￿nUnlIY group's m8ln oblo¢tlvo$ aro promllng unlty. f8m818 empow8m*nl, progress and cultural Intèractlon among118 m8n*er8. thalr familk8s, and other ojltural groups In the dty. REVIEW OF ACTIVITIES ANO ACHIEVEMENTS: hile our Office 8dd(e8s remalns th& Same, the fffieting place ha8 chan98d to.. OurLady & St Edward R C GhL¢rch GO￿on Rd. Thomeywood. Nottlngham NG3 2LG We plan to conllnufj ￿rryIng out v8rfou$ youth programm85 for our youth In th8 communty. Already, w8 have recefved reports f￿rn parents that our youths are behavlng well at school and home. INCOME GENERATION Total donallons In the year were £2,591.5012023.. £2,285). Thls Indudes both diroct transfers Nilo the charftys account and cash donations. The trustees had due regard lo the Charfty Corrwnlssbn's publi¢ benefit guidan¢e18.17 Charftl88 Act 20111 when planning and dèlivèring activlties. IGBO WOMEN ASSOCIATION NOThINGHAM REPORT OF THE TRUSTEES { conttnu•d) FOR THE YEAR ENDED 31 DECEMBER 2024 SKS The factors Ihat may affect the Charity's delwery of its objecllves in¢lude: a) Ropulalton of Charity and the fylationship %wth the communrty. bl Ability to generate enough funds to complete the identif￿d prolects for the charity SU￿985full¥. IGBO WOMEN ASSOCIATION NorriNGHAM produces an annLs81 pL4n fordelivery ogainst its objectfves. Thts plan sets out the laryets for the year and is then broken down into a work plan. IG80 WOMEN ASSOCIATION NorriNGHAM ha8 developod a strategy whlch speCif￿S how It will dolbvar the crfllcal progranTh$ of The strategy o1$0 identffl88 target8 and perfomJpnc6 Indicatorn. Controls Snclude two4ulhorf8er bank payments. budget VS. 8Ctual ravlew at aach trustee n￿olIng, and b881c safeguardlng and data protection t>Jntrol8. RESERVES POLICY The Charity aims to bulld 8 reseNe whkh VAII en8bl8 it to meet ils 8verage annual operallonal nead. Tha Twsto89 revlew the re8orvo$ hekl. by tha Charity reguL9rfy lo ensu(v that an appropriate lev61 of funds arn hold to mel the abo￿ policy of tho Chartty golng foThvar(l. GOVERNANCE AND INTERNAL CONTROL A Boaftl of Tnjstees govems th¢ Charfly. The 8oard of TN$to0s selects new TnJ8tees and orn 8ublect to re- eleclton every five y89fB. At 31 DECEMBER 2024, thg 808rd had a Man￿ershIP of Three (31 peopla. The Board meets three tlms a yeor to agr88 key pollcy declslons, 881 tho slrnlegy for the ch8rfty and oversee Ns performance. Al th8 board has committee members rasponsiblè for the day-l04oy aclivlti88 of tha charfty. None of the Gommllloo members Is belng remuneral8d. All TN51868 recelve the handbook for Twstees prnvided through tho Charlty ConThis81on. Each Tru$lo0 *111 have an Inductbn programm8 by other Twslees and recelvo 8n infomwllon pack on tho Charfty and tt8 finances. Beyond Ihls, tha Charfty follows th8 o)de of practlco for govem8n¢e produced by thè Govemanc¥ Hub. The Inlem81 control systefffy are deslgned to provid• reasonable. bul not absolute, asBuran¢e agaln8t matèrial mlsslalemenl or ioss. They Snclude.. A 8tral&glc plan and annual budgel approved by the Trusteo$: ragular consklerallon by the Tru$lee$ of Iln8ncLal re$uhs, In partkular, varfanGe fom the budget., and Delegallon of authority and segrngatlon of dulle8. IGBO WOMEN ASSOCIATION NOThINGHAM FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES RESPON8181UTIES IN RESPECT OF THE TrUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS The tNStees arg responsible for pTrparfng the Iruslees. onnual report and financlal statement$ in accordance ￿th UK Accounting Standards, the Charilles SORP {FRS 102) and the Chaffti&s Act 2011. The twslees must not approve tho financial slalemenls unlass Satisfied that Ihgy give a true and faSr vlew. Tho IriJ818es are Tesponsible for Such Inlemal control as L8 nec8588ry to enable the preparal*)n of financ￿1 ststgmenls free from malertal mis51alernent, and for keeping adoquat8 accounting Trcords suffKienl lo 8how and explaln the charfty's Iran8actSons and dlsclose with rea80nable accuracy Its finan¢ial p081tlon al any tlma. The trustees ale responsible for 8afegua￿lft0 the assets of tho charfly. In preparing the80 flnandal statements, the Iwslees arè r8qulred to: 8eled su4table aoGountSng pollcies and then 8pply them consistently- make ludg8m8nts and 8stlmat8S that are reasonabl8 and prudent,. state vthelher applkgble UK Accounting St8ndards have been folkjwed, 8ublect lo any m8terfal départures disGlo3ed and explaingd in tho financl#l stal&mènl8 and state vthelhor appllGablg UK Accounllng Standards have been follow9d, subfvd to any m8terfal dep8rturns dlsclosod and explalned In the flnanclal statements and state vthelher appficable UK AccountSng Standar(Is have been followed, sublect lo any material dopartures d18cIo8ed and explained h th8 financSal stal6m8nls and prepare the flnanual 8tatements on going concem basis unlg3s It lè Inapp(oprfale lo pr88umg that th8 Charity ¢ontlnuo In118 a￿tIO6. Th8 trustee8 arn responsIb￿ for kaaping proper accountlng records that dlsc108e wlth reasonoblo accuracy al any tlmè the financlal po8lllon of th• ¢haritable ¢ompany and enabl8 them to en8ur8 that Ils finanrAal sl4len*n18 compty wllh the Charftlgs A¢1 2011. They have general respon￿bI1￿Y for taklng such 8tep$ as are rgasonably open to them to safeguard the 888818 of th• ¢harftabk8 CAinwany and to prevent and dotect frnud and other Irregular8. Tho Iruslees who held office at the date of appoval of thls IIu8tee3' report Confl￿ th8t. 80 far 88 they ar ea¢h aware, there 58 no Informatlon of which Ch8ri1lg examlner18 unaware. Each Iw$tae has taken au the step8 that helshe Bhould have taken as a truslee to make himselflhgrnow aware of any relevant Infonnatlon and eslabli8h that the CharftY8 examlntr 18 awar8 of that Infomallon. EXAMINER In line wSth th8 provision exemplSon In the Charftles AGI 2011, as amended, Ihg tru$l decldad to appolnl an examlner who wlll review th8 a¢coun18 for the year endkng 31 D•cember 2024. Wlth th15 appoinlnwnl, IMS Accountsncy SeNices Ltd was appolnled as examiner. So lar as each trustee Is aware. there Lq no relévant Informalbn of whlth the charfty's Independent examlngr18 unaware. E8ch Iru8tee has taken all the steps that he or she ought to havo taken as a Iwstee to make himself or heT8eK aware of any relevant inf0m￿lI0n and to estsb5i$h th81 the Independent èxaminer 18 aware of that Infomwtion. Approved by the Board of Trust80$ and $1gned on b8half of the Board by: Onyinyechi Ogbakaeko Okenwa Trustee Dale.. 13 (108 2 Independent Examlnees Report to the Trustegs of IGBO ￿)mEN ASSOCIATION NOTTINGHAM I rBPOrt to the charity trusleas on the account8 of the charity for the year 8nd8d 31 Dec8mber 2024, wh￿h are Set out on pagas 7 to 12. Rftspectlve responslbllltlas of trusteos and examlner The charfty's tNstg9s are rèsponsible for the preparatlon of the accounts. The charfl￿5 trustees conslder that an 8udit is not r&quirnd for Ihls year under s¢rtion 144121 of the Charittes Ad 2011 and that an Independent examlnallon 1$ rgqutrod. It18 my responsibllily to-. 8X8mine the accounts under section 145 of the Charfll8s Act 2011; follow the procedures lald dovm In the 0Sr8cllons given by thg Charity Conunission under Sectknn 145{5Xb) of the Act- and state whether partlcul8r matters have como to my attention. B•818 of Ind•pendenl examlnerfs rnport 6X8mlnatlon wa8 carrfed out In accord3n￿ vllh tho Dlraction8 glven by the Charity Conth881on. An examfnatlon Includes a revlow of tho accounting records kept by the charity and 8 eompart80n of the accounts prnsenled with thos8 rncord8. It a180 includes considerallon of any unu$ual118rrfj or disclosures in the aco)un18 and s88klng explanations from the Irust4è8 about Such rnatte￿. The procedures undertaken do not provide all tho evkJ8nce that vK)uld b8 requlrod In 8n audit and, con80quantly, I do not axpre$$ an aud￿ oplnion on the a￿o￿nIS. Ind•pondent •xamlnorfs stalement In connectlon my axanlnatlon, no matter has come to my allentlon: 11 which glves mg reasonable cause to belleve that In any nwleiial respgct tho r8quir8ments to keop atxountlng rocords In accy)rdanco with 88Ction 130 of the Charftles Act 2011. and to prepar8 accounts whlch a¢¢ord the accounting reco￿8 and cxjmpty wlth the accounllng requirements of the Charfties Act 2011, hav• not been met; or 2} lo whlch, In my oplnlon. 8ttenlton Should ba drawn kn order to enable 8 proper under8landlng of tho ao%unl$ lo bo reached. Kashlf Shakeel For and On behaff of IMS Accountancy Servkes Ltd 50 WKJman Road Notttngham NG8 3HW IGBO WOMEN ASSOCIATION NOTllNGHAAI STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and Expondlture Account) FOR THE YEAR ENDED 31 DECEMBER 2024 Unreslri¢ted Reslrkted Total Funds 2024 Funds Fund$ 2024 2024 Total Funds 2023 Notes Incomlng Rtr8ource8 From Charltable ktlvlttes General DonatSons Other Inco 2592 2592 2285 Total Incomlng R080urc88 2592 2592 2285 R••ourcei Expendod Cost of G•n8ratlng Fund8 Charitable ActIV￿leS Govemance 2840 300 2840 300 2578 300 Totsl RoBource• Expgnd•d 3140 3140 2878 Nel Inconwl {Outgoing) Re￿￿r¢8$ Total funds brought forw8 2480 48 1932 Totsl funds cathod forwa 2480 48 1932 All Ino)mlng rnsources are dorfvad from eonlinuing op8ratlon8. The charfty has no oth8r galns or 1088es olhgr than those rècogn6s8d In the sts1eff￿nt of Financial Adlvilles. IGBO WOMEN ASSOCIATION NOTllNGHAM STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total Funds 2023 Total Fund• Unrestrl¢t¢ Restrlctsd Funds Fundi FIXED ASSETS Tangible assets CURRENT ASSETS Debtor8 CAsh In hand 23 CREDITORS Amounts falling due ￿thIn one year NET CURRENT ASSETSIIUABILITIESI 1.932 1,932 2,480 TOTAL A88ETS LESS CURRENT UABILITIE8 CREDITORS An￿UnIS falllng du8 after mre than one year NET ASSETS FUNDS Flnanced by: Unrnstrfcted funds Restrtcted fund8 TOTAL FUNDS 10 10 11 1,932 1.932 2.480 The A(x4Junts was approved by the Board of Trusteès and 81gned on behaff of the Board by.. Onyiriyèchl Ogbakaeko Okenwa Tnjstee On behalf of the Trust Date: IG80 WOMEN ASSOCIATION NOThINGMAM NOTES TQ THE ACCOUNTS FOR THE YEAR ENDED 31 0ECEPIBER2024 1. A¢c¢>undng Poll¢lo3 Basls of weparatlon Prapared under the h181orical cost convention in accordanGe wth UK GAAP, the Chaiities SORP {FRS 102) 188cond edilion, effgGtfve 1 Jan 20191 and the Chaiitias Act 2011 Fun41 acc¢￿￿tIng Gengr81 funds are unreslrfcled fund$ whth aro avallabl8 for use ot the disuellors of the Trustees furtherance ol the oblectlves of the Charfty and whlch have not bean deslgnalod for other pu￿0$8$. Restricted funds are funds whlch are lo be used in aCCAirdance wbth specifi¢ reslrictlons Irroosed by donor8 or N%thich have been ralsed by the Charfty for purpo888. Tho costs of raising and adminislertng such funds are Cha￿9d against the $p$dfl¢ fund. The alm and u8e of oath rnstlcled lund18 $81 out Sn Note 2. Inv8stmgnt Income and 98lns are allocat8d lo th8 approprfot6 fund. Ino¢xnlng r••ourc•• AU Incomlng resour¢o$ are Induded In the Sl8lemenl of F*iancSal Actlvllles ISOFAI when the Chalty is legally onlltled lo the Income and the amount can be quantified ￿th rgasonabla accjjracy. The gr¥nl Income whe related lo perfomanc6 and 8pecffic deliverables arn accounted for a8 tho Chadty eaffls thg llghl lo consldef81ion by 118 perf0M￿nCe. Where Income 18 recelved in advance, Its recognltlon is defened and included In creditors. Where enllllem8nl occur8 before Incorno belng recelved, tho inGom8 IS 8ccNed. •our¢o8 oxp•nded All expenditure is accounted for on an accwals basls and has been cla881fiod under headlngs that aggregate all Go$ls related lo the category. Whore costs cannot be dlrectly attributed lo partlcular hgadlng8 they have been allocated to actlvllle8 on 8 basls conslstent I￿1h the u8e of resources. Premlses ovetheads hav¢ boon ailocatad on a floor ba818 and othar ovathead8 hav8 been allocattrd on th8 basls of the head count. coMn￿nItY project costs are thosè eosts incurred dlreclly in support of the objects of the Charity. The ¢ommunlly projgcl ￿$t InGiude5 Other support costs Incurred in support of the objeds of the Charfly. Govemance costs are thosè Incurred Sn connecllon ¥￿th gov$m8nce arrangement of Ihg Charity, whlch ￿late to the general Nnnlng of the Charity and compllance wih constllutlonal and slalutory rnqulremgnts. The b881$ of 811ocallon for support costs and govemance ¢4)sl$ has been explained in Not8 3. IGBO WOMEN ASSOCIATION NornNGHAPI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Nole I InGomlng Resources- General Donatlons 2024 Unrestrfcled Restricl6d Funds Funds 2023 Unreslricted Restr¢cted Funds Funds Total Total Gener81 Donattons 2592 2592 2285 2285 2592 2592 2285 2285 Noto 3. Incomln9 R•sources - Othor Incomo 2024 Unrestrkted ReStr￿ted Funds Funds 2023 UnreStr￿ted Restrleled Funds Funds Total Total Government Support Events Income Other Income Noto 4. Rosourcos Expended - Actlvltlos 2024 Unrestrlcted Restrlcted Funds Funds 2023 Unr8strtct8d Restricted Funds Funds Total Total Publlcity Equipment Events & Other related Costs Untform Charit8ble acfvty W8bslte 2840 2840 1870 1870 400 200 108 200 2840 2840 2578 2S78 Resources Expendod - Gov•rnanco 2024 Unrestricted ReStr￿ted Funds Funds 2023 Unreslrlcted R8slricled FurKIs Funds Total Total Accountancy fee other Professtonal Fees 300 300 300 300 300 300 300 300 10 IGBO WOPIEN ASSOCIATION NOTTINGHAM NOTES TO THE ACCOUNTS FOR TrIE YEAR ENDED 31 DECEMBER 2024 Note6. Tanglble A88ets- Equlpmont I Vohlclo 2024 2023 Cost Addhlon8 DisPOs81 Total Cost 08pre¢latlon Balance BIF Charge for th8 year Dlsposal Balance CIF Net book valuè At 31 Dec 2023 Al 31 Do¢ 2024 Note 7. Dobtorn 2024 2023 Debtors Totsl Debto Not• 8. Cash at bank and In hand 2024 2023 Cash at bank and In hand 2 231.82 2 780.00 Noto 9. Crodltors Amount8 falllng dua wlthln ono year 2024 2023 Accounlan¢y Feo Other Creditors Total Crodllo 300 300 300 300 Note 10. Movoment In funds Openln Incomln Resour¢6s Closlng Resourc expended Balance Balan¢e Unrestrfcted funds Charity's fund Tol81 Funds 2480 2480 2592 2592 4140 4140 1932 1932 Restrtcted funds Grants IGBO WOMEN ASSOCIATION NOTnNGHAM NOTES TO THE ACCOUNTS FOR THE YEAR EfrIDEO 31 DECEMBER 2024 Note 10.1 Analysls of Not Assets by fund Unresliictèd Reslrfcted Funds Fund$ Total Fund8 Cash at Bank and in hand Olhor N81 As86t8 l Llabllkle81 2232 -300 1932 2232 400 1932 Noto11. Trnsteés Ramunaratlon The Tru81888 dld not rvcelve any emolumonts and no out of pock8t expgn¥85 wara pald durfng the year12024: £nlll Not• 12. AS a cholity, thg CIO18 g8n8ralty exeffpl from dlract tax8tlon on Income and galns opplled to Its charflable PUIPO$è8 (Part 11 CTA 2010 and rolaled legislatlon). No tax charge 8roso In th8 year Note 13. Control The ultimate conlrolllng partle8 ara th6 IIu8lee8 a8 81ated on page 2. 12