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AMAIGBO TOWN UNION UK REPORT OF THE TRU8TEE8 YEAR ENDING 01 JANUARY 2026 The Trustees prnsent thelr report logelh8r wllh the fin8nclal 81918m8nti of Ihe chafty ts the year ended 01 J8nuary 2025. The financi81 statemen18 h8ve been prepared in 8ccordan& vAth accounkn'ng policies set out on p8ge 12 and comply with the Charity's con81itulion and applcable law. These finan¢ial statements compty wth the Ch8rilvas Act 2011, the Arti¢bs of A$so¢iation, aThY Accounting and Reporting by Ch8rilies', Slalemenl of Recommended PracticE apFlicable lo Charities preparing their a¢¢ounts in accordan with the Financial Reporting Standards applicab in Ihe UK and Republic of Ireland {FRS1021 (Charities SORP (FRS102) and the ChalltJes Act20111. OBJECTIVES AND ACTMTIES There are Fow main areas of objectivès and activities of our ch8rity organisation: 1.The &VanCml of Edu¢alion through award of scholarshlps and provi8ion of $bJdy materki18 like laptops., computers; trAoks. We wlll also encourage vocational teaching programmes aTrJ Ihe athancement of &Juc4tion in Igbo culiure, history languap. 2.The relief of financial hardship through donation of clothing,. food. fumiture and beddings 3. Ber8av8ment support and counselling 4. Donation of hospital equipment lo healthcare facilities in Amaigbo. Explain how th8 organisation carries out ils purpos8S'. Amaigbo Town Union will only be able to carry out its purposes through appropriale fvrKling. We will be relying on voluntary donations and through accèssing funding through the Nab'on lottery. So far, some individuals have donated to us, and we have also had a successfijl application from the National lottery for a food palliative programme suCSSj1 carried out July 2022. P8g63
AMAIGBO TOWN UNION UK REPORT OF THE TRUSTEES YEAR ENDING 01 JANUARY 2025 ACHIEVEMENTS AND PERFORMANCE The INstees meel regularly to discuss183ue8 relevant lo our ¢harty organisalron. Matters are deliberaled and decisions made. We are in regular contact with the parent organisation. Our charity was granled the sum of £9999 to use for food palliate purposes lo help those from the Black and elhrsic minority groups in 2022. This prO¢t was successfvlly executed wtthin the three branches of Amaigbo Town Union UK. The feedback from the public was very positive and they would very much want the food palliative wogramme to be repealJ. We have also been able to gel a website. This will make il easier lo showcase who we are and relate better with the general public and other charity organisatitins. We also had some voluntary donations from son individuals from our parent organisation. We have also during the year 2024 given some scholarship to students to encourage excellence and leadership in children Stsff and volunteers All areas of the churchlcharity are essentially filted by volunteers without whom the chanty couky not funetion. PUBLIC BENEFIT The Trustees have paid due regard lo the Charity Commission's guidance on put4ic benefit in deciding the activities undertaken by the Charity in the period ending 01 January 2024. The Trustees are satisfied that the inf0mtiOn provided in the report and accounts meets the public benefit feporting requirements. RISK ASSESSMENT The Trustees actively rewew the major risks which the charity faces on a regular basis arKI believe that maintsining the free reserves staled. combined with the review of controls over key financial systems carried out on an annual basis will provide sufficient resources in the 8vent of adverse conditions. P•Je4
AMAIGBO TOWN UNION UK REPORT OF THE TRUSTEES YEAR ENDING 01 JANUARY 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT The charity type of goveming d0ment Is 8 conslilulion. The charity 1$ regi81ered as a Charitable Incorporated Organisalion, whose only vots'ng members are tts trustees. The board oftrustees is made up of men & women of integrity who are ¢ommrtted to obpctives oflhe charity and run by a management team coordinated by Bar K. Mgbokwere The Board meets at least quarterly lo ovefsee Ihe vision, strategies and management of the ¢harity- Trustee selection method is by appolntmenl by Ihe ¢urrenl trustee8, of any person meeting the requirements sel down in the conslilulion. Trustees are selected on ba$ of their experieno, experlise, aThJ SFecific skills %thich are reasonably expected to in further Ihe missKsn and vision of the diarity. Ttee Inductlon and Tralnlng There are no speufic policies and procedurès for inducttonltraining of trustees. However, they are inducted according to individual requiren*nts. A copy of the Charity's constitution is supplied, along with the Char,$ FKilicies artd prOdureS and copEs of recent boaid meeting minutes and accounts. Individual TTUStees roleslresponsibilrties are negoliated with all the trustees so that thelr roles complement each other. The Trustees make strategic decisions based on the financial position of Ihe ¢hur¢h. FINANCIAL REVIEW The Trustees have prepared the accounting policies for AMAIGBO TOWN UNION UK in accordan with the requirements of the SORP and of best acntIng practi. Review of the year The Trustees are reporting a period of financial deficit. There was not in¢ome in the year £3.309 {2024.' £nil). The costs are £3,280 (2024.. £3401 and We contsined within budget due to strong financial management and good Cost control. Income and Expondlture AMAIGBO TOWN UNION UK reltes on voluntary income as its principal Sour of funding. There was not donats'on and legacies £3,30912024'. £nill There was no costs of raising funds £012024 £0), gnd th8re were rKI eosls of fund generating activities (2024: £0). There was no Income from Charitable aclivities in the accounts £0 {2024-. £0). Page5
AMAIGBO TOWN UNION UK REPORT OF THE TRUSTEES YEAR ENDING 01 JANUARY 2026 FINANCIAL REVIEW (contlnu•d) The costs of ch8rit8ble Activilles are £2.88012024.' £4018re co81 ol venue hlre for food bank £40. Goveman¢e The £400 (2024.. £300) 'govemance' costs Inchjde the costs associated with independént examination of the accounts £3LK). Surplus Total incoming resouros ex¢xled the resources exnded in the period by £29 (2024'.1£3401 deficit). Balance Sheet The Balance Sheet as at 01 $t January 2025 was strong ensuring that the chartty has the assets requir1 to deliver its commiknenls to the community. Reserves pollcy The TrUStS have adopted a resetve policy which they consider appropriate, to ensure the continuing abilty ofAMAIG80 TOWN UNION UK to meet ils objectives and obligations. The policy also seeks to maintain an acceptable ratio been the free reserves and the level of unrestricted cash eypendilure. 'Free reserves, are represented hy the unrestricted funds less the tangible fixed assets. 'Unrestricted cash expenditure, represents the operating costs for the year $S the charge for deprerAation. The Charty does not intend to accumulate significant reserves but depends upon the ongoing support of its donors lo meet fijlure costs. In order lo be prudent. the aim over the next 2 to 3 yws to accunxjlate in general reserves an amount equivalent to 1 event costs..
AMAIGBO TOWN UNION UK REPORT OF THE TRUSTEES YEAR ENDING 01 JANUARY 2025 PLANS FOR FUTURE PERIODS Looklng ahead In 2025 AMAIGBO TOWN UNION UK plans lo ¢onlinu8 ts strong focus on the below areas.. In 2025r26 it is likely our charity will conlinue to support the vulnerablè peop in the communty. The feedback from the food pallialive was very posilNe bul was not enough. Wtth the on-going cost of living crisis, the bericIar0es of the food pallialive would like the programme to be repeated. Funding pemitting, we can 81s0 look into the other areas in our objectives and activities. We will be looking at reaching oul lo our Feople in Amaigbo-again, this will depend on fvnding. We are looking al plans to empower our youths lo stsrt organising themselves and teing more proactive. RELATED PARTIES A summary of transactions with related parties is set out in note 13 of the financial statements. Page7
AMAIGBO TOWN UNION UK REPORT OF THE TRU8TEES YEAR ENDING 01 JANUARY 2025 TRUSTEES, RESPONSIBILITIES Charlty Law requires the tru8tee$ to prepare financlal 8tat8ments for each financial year which gwe 8 true and falr view of Ihe 8tale of affair8 of the charty and of its financial acllvitie5 for that year together wilh Its assets and liabilities at the end of the year, adequately disllnguishing any materlal, Special trusl or olhef reslricted fund of the charity. In preparing those financial statements, the directors are required to.. a) select suilable accounting policies and then apply them consistenlly. b) make judgments and estimates that are reasonable and prudent., c) state whether the policies adopted are in accordance with the appropfSate SORP on accounting by Charities and the Accounting Regulations and with applicable accounting stsndards subject to any material departures disclosed and explained in the financial statements. and d) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in its activities. The trustees are responsible for keeping proper accounting COrdS which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial ststements comply with the Statements of Recommended Practice and the regulations made under section of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and irregularities. The ttustees have the power to invest in such Assets as they see fit Signed on behalf ofthe charity's Trustees Signed by Bar K. Mg okwere Date.. 28, June2025 Page8
AMAIGBO TOWN UNION UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AMAIG80 TOWN UNION UK YEAR ENDING 01 JANUARY 2026 I report on the accounts of the charity for the perlod endlng 01 January 2025 vthich are 8et out on pages8to 17 RESPECTIVE RESPONS181LITIES OF THE TRUSTEES AND THE EXAMINER The charity's trustees are responslble for the preparallon ol the accounts. The charty's Iruslees Conser thal an audit is not required for this year under section 144121 of the Charities Act 2011 {Ihe 2011 Act) and thal an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act. to follow Ihe prorAdures laid down in the general DI¢t10n$ given by the Charity COmmissn (under section 145(5)Ib) of the 2011 Act, and to state whether parbujlar matters have me lo my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried Olrt in 8CCOTdance with genèral Directions given by Ihe Charity Commission. An examinats'on indudes a review of the accounts'ng records kept by the charrty and a comparison of the accounts presenled with those records. 11 also includes cLsnsNJeralion of any unusual ikms or disclosures in the accounts, and seeking explanalions from you as the trustees conceming any such matters. The procedures undertaken do not provide all the even that would be required in an audit, and conSequenY no opinion is given as to whether the accounts present a'lrue and fair, view and the report is limited to those matters sel out in the ststement below INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come lo my attention.. 1. which gives me reasonable cause to belbève that in. any material respect. the requirements: • to keep accounting records In accordanrR with section 130 of the 2011 Act; and lo prepare accounts which accord wslh the accounting records and comply with the accounting requirements of the 2011 A have not been mel,. or 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dale.. 30 June 2025 Edwige Fomo CGMA EFK & CO CONSULTING LTD 132-134 Great Ancoats Street Manchester M4 6ED Page9
AMAIGBO TOWN UNION UK STATEMENT OF FINANCIAL ACTivrriES YEAR ENDING 01 JANUARY 2026 Noles Unreslrieled Restricted Funds FuThJs Totsl 2fd6 Totsl 2if24 INCOMING RESOURCES Incorning resources from generating funds.. Donations and legacies TOTAL INCOMING RESOURCES 2a 240 240 3,C69 3,C69 3,309 RESOURCES EXPENDED Charilabk xliviiies Govemance Costs TOTAL RESOURCES EXPENDED 2.880 40 300 4CIO 400 400 2,880 NETIOUTGOINGIIINCOMING RESOURCES BEFORE TRANSFERS TRANSFERS Transfer btheen Funds 11601 13401 400 14CvJl 12111 NET MOVEMENT IN FUND8 240 13401 RECONCILIATION OF FUNDS Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD 1.839 1.628 2,395 2,424 2,735 2,395 796 The chanty has no recogrwsed gains or losses other than the results for Ihe year as set out above. Pa9e10
AMAIGBO TOWN UNION UK INCOME AND EXPENDITURE ACCOUNT YEAR ENDING 01 JANUARY 2025 Note Unrèstricted Reslricled Funds Funds Totsl 2025 Totsl 2024 INCOMING RESOURCES 240 3,069 3,309 TOTAL RESOURCES EXPENDED 14001 (2,8801 (3.2801 13401 OPERATING SURPLUS 160 189 29 {340 OTHER INCOME hvesthEnl Inco 2d SURPLUS FOR THE FINANCIAL YEAR 11601 189 29 13401 The charity has no recognised gains or losses other than the r8suIts for the year as set oul above. Page11
AMAIGBO TOWN UNION UK BALANCE SHEET AS at 01 JANUARY 2026 AMAIGBO TOWN UNION UK AMA80 TOW uNN UK 2026 2024 Note CURREiif ASSErs Debtors Cash al bank and in hand 12 365 2,459 2,824 1r 2,889 CREDITORS: Amounts falling due wlthin one year 400 600 NEf CURRENT Assrrs 24 2,395 TOTAL ASSETS LESS CURRENT LIABILITIES 2.424 2,395 NET ASSETS 2.424 2,395 FUNDS OF THE CHAR Reslricled Incon* Funds Unrestricted Incomè Funds 118 11b 1,628 796 1,839 556 2,424 2,395 These financial slalements were appioved by the trustees on 281h June 2025 and signed on their behalf by.. Bar K. Mgbokwere Osita B Onuoha Trustse Trusleg P8ge12
AMAIGBO TOWN UNION UK STATEMENT OF CASH FLOWS YEAR ENDING 01 JANUARY 2026 2025 2024 Note Cash flows frorn operatlng a¢tlvltles Nel cash incomè 29 1340) Adjustments to cash from nonacash Items Depreciation 29 {340} Worklng capital adjustments Dec¥easellincreasel in stocks Decieasel(lncaseI in debtors Decreasel{inrJeasel in creditors (259) (200) 300 Net cash flows from operaling activiltes 1430) (40) Cash flows from Investlng actlvltles Purchase of tangible fixed Asse15 Net cash flows from investing activit¢es Cash flows from flnanclng actlvlties Interest recèived from Savings Nel sh flows from financing activities Nel increaselldecrease) in cash and Cash equivalents Cash and cash equivalents al 1 January 14301 2,889 (40} 2,929 Cash and cash equivalents al 31 Decen*er 2,459 2,889 Page13
AMAIGBO TOWN UNION UK NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDING 01 JANUARY 2025 ACCOUNTING POLICIES Stltemgnt ol Compllance The finan¢Jal StatenIS have been prepared in accordancè w7th FRS 102, Ihe Finanual Report9 Standard applicable in the UK and the ROW1¢ of Irelanif. the Slalem•nl ol Recomffnded Practice applicable lo chariiiès preparfng thwr acuunts in ac¢ordance wrth the Finanual reporb'ng Standard applicable in the UK and RepUle ol Ireland IFRS 102) Ichantses SORP IFRS 102)) and the Charit5 Act 2011. Incomlng Resources DOnatS & gilts Donatsons and grfts are generally onty recognis&J when received by or on tehaw of the charty. In excepts.onal cases where an amount is significant. gifts are recognised a$ incon when the charty is nolffied ofa commiknentto make a donation and the trustees are virtualty ortain they wll receive the resourees and the monetary value ¢3n be measured with sufficient reliabilty. Incom8 tax Income18x recoverable on gift aid donations is recognised on a reCeab basis. Grants Grants to the charity are accounted for as soon as charity is notified of its kgal entitlement and the amount due. Income from charitable aclivili8S All income from events and activities is Cognised when due. Income from fund g8n8rntlng actiwti8S Income ralsed by SFecial fund raising events. and trading athrties are accounted for in the period in which the charity is entitled to receipt. Re8ource8 Expended Re8ourc88 expended are Included in the Slalemenl of Financial Aclivth'es on an accruals ba51S. Direct Charilable Expenditur& Dlieclly altrtbulable expenditure has been allocatèd lo the appropiiale fvnd. Whèr8 costs have been shared the expenditur8 hgs been allocated lo funds on the basis of their estimated consumption of expenses. Po9014
AMAIGBO TOWN UNION UK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 01 JANUARY 2026 ACCOUNTING POLICIES (Contlnued) Govemants These cosls include the costs of governance arrangements which relat8 lo the general running of the charty as opposed to the dlrecl management functions inher8nl in generating furbjs aTrJ in charitable aclivilie5. This includes such items as exlernal audll, legal advice for Iru$lees arKI costs asso¢iated with consts'lulional and ststutory requirements, Including Iruslee's meetings. Volunteers and donatsd servlces and facllltles The value of seNices provided by volunleefs is not incorporated into these financial ststements. Flxed Assets Tangible fixed assets for use by the charty are capitalised if they can be used for more than one year. and Cost at least £300. They are valued at cost, or rf gifted, al thè value lo Ihe tharty on receipt. Depreuation is calculated on the costs or valUatn of the assèts al the rate of 25% (2024.. 25%) using the straight line method. Current Assets Amounts owing to the charity al 01 January 2025 in fespect of income a shown as debtofs less provision for amounls that may prove uncollectable. Funds Funds held by the charity are erther.. Unrnst17Cted g8neTrl funds These are funds that can be used in accordanrR wlh th8 charitable oty'ects at the discretion of the tNstees. Reslricled funds These ale funds that can onty be used for particular reslrfcted Purposes within the objects of the charity. Restrictions arise when specif*d by the donor or when lunds are raed for pa'Cular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the notes lo the financial ststements. Pa9915
AMAIGBO TOWN UNION UK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 01 JANUARY 2026 INCOMING RESOURCES unresthcl R8slrh*ed Funds Fts Totsl Tclal TOTAL TOT AL 2024 2a Donatlons and1oga¢lo$ Gffts hdNiiduals Grfb Business Tax Refund TOTAL INCOMING RESOURCES 2,810 2110 240 259 3,069 240 Many volunleers give freely of their lime in the seryice of our Lord for the charity. the value of which is unquantifiable. 3. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Funds Total Restricted Funds Tolal TOTAL 2025 TOTAL 2024 Costs of Direct Charitsble ktivil Support Costs 2.880 2,880 400 3,280 400 400 300 2,880 4. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE undertaken Support directly costs Total Total TOTAL 2025 TOTAL 2024 Costs of Charitable ktivilies Govemance costs 2,880 2,880 40 300 340 400 400 2,880 3,280 5. GOVERNANCE COSTS Unreslricled Funds Total TOTAL 2025 TOTAL 2024 Independent e¥Anineffs fee Other Governance costs 300 100 400 300 100 400 200 100 300 Pag916
AMAIGBO TOWN UNION UK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 01 JANUARY 2026 6. NET OUTGOING RE80URCES FOR THE YEAR This is slated after charglng 2025 2024 dependent e>3minels fee Depreoolion of owned assets 300 INFORMATION REGARDING TRUSTEES AND EMPLOYEES AMAIGBO TOWN UNION UK did not have employée (iuring the year ending 01 January 2025 (2024.. Nil) The charity Trustees were not paid or recyived any other benefits from the employment vath the charity in the year {2024'. £Nill neither were they reimbursed expenses during the year {2024'. £ Nil). The Key management personn81 ofthe charity compnse the Trustees and Senior management Team. The total tenefit of the senior managenEnl team oflhe charity were £nil, (2024.. £nil) DEBTORS MI*IGBO TOMI UNION UK 2025 AB0 TOWN UN U( Prepaymonts and accrued itome 365 IC6 106 36S CASH AT BANK & IN HAND AMAIGBO TOWN MIAIGBO TO UNION UK UNION UK 2026 2024 Current Account 2,459 2,459 2.889 2,889 Page17
AMAIGBO TOWN UNION UK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 01 JANUARY 2025 10. CREDITORS: Amounts falllng due wlthln on• yoar AMAIGBO TOWN WAJGBO TOI UNION UK UNDN UK 2025 2024 £cruals and deferred inco 400 400 600 600 The bank loan, Credit Cards & OveTdrafts are secure(I by a fixfrJ and floakn'ng charge over all the assets of the chaTIty. 11. RECONCILIATION OF MOVEMENTS IN FUNDS Transfers Beeen Funds Balance al 01-Jan-24 Movement In Resources Incorring Outgoing Balance at 01-Jan-25 11a. Restrlcted Funds 1,839 1,839 11 b. Unrestrlcted Funds Funds 3,069 3,069 12,8801 12,8801 14001 (4001 1,628 1,628 General Fund 556 240 1400) 400 796 2,395 3,309 {3,2801 2,424 12. ANALYSIS OF NET ASSETS BY FUND Tanglble Flxèd Assets Net Current Assets I {Llabllltlesl Crndltors Due aft8r On8 YeaT TOTAL Rèstrfctèd Funds 1,628 1,628 1.628 1,628 Unrestrl¢led Funds 796 796 796 2,424 Page18
AMAIGBO TOWN UNION UK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 01 JANUARY 2025 13. RELATED PARTY TRANSACTIONS During the Feriod Ihere was no related paty transadlons12024.' £nil). 14. CONTINGENCIES The Twslees have confirmed Ihat there were no ntingenCIeS liabilities vA)ich should be disclosed at 01 January 2025. p19