International Organisation for Peace Building and Social Justice UK
Trustees’ Report and Unaudited Accounts 31 March 2024
Charity No. 1194961
Company No. 12253443
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
## **CONTENTS**
|Reference and administrative details of the charity|2|
|---|---|
|Trustees' report|3 - 6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 10|
1
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
Reference and Administrative Details of the Charity, Trustees and Advisors.
## **Trustees:**
Oluwagbemiga Badejo - Chair Oladapo Badejo Ifechukwu Nnatuanya Toluwalope Tade
**Company registered number.** 12253443
**Charity registered number:** 1194961
## **Registered Office:**
44 Watford Way London NW4 3AL
## **Accountants**
TaxAssist Accountants 51 Church Street Enfield EN2 6AN
2
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
## **Trustees Annual Report For the year ended 31 March 2024**
The trustees, who are also the directors of International Organisation for Peace Building and Social Justice UK for the purposes of Companies Act 2006 presents their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
## **Legal and Administrative details**
International Organisation for Peace Building and Social Justice UK was incorporated as a private company, limited by guarantee, on 10 Oct 2019,
Company number 12253443
Charity No. 1194961
## **Registered Office:**
44 Watford Way
London NW4 3AL
## **Director and Trustee**
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
Oluwagbemiga Badejo - Chair Oladapo Badejo Ifechukwu Nnatuanya Toluwalope Tade Chinwe Kalu
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
## **Structure, Governance and Management**
International Organisation for Peace Building and Social Justice UK is a charitable company limited by guarantee and registered with the Charity Commission for England and Wale and the Office of the Scottish Charity Regulator.
3
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
## **Trustees’ Annual Report continued For the year ended 31 March 2024**
No director has any beneficial interest in the charitable company. Every member of the Charity promises that if the Chairty is dissolved while he or she is a member or within twelve months after he or she ceases to be a member, to contribute such sum (not exceeding £1) that may be demanded towards the payment of debts and liabilities of the Charity.
## **Objectives**
## **The charity's objects are:**
To promote human rights in Nigeria (as set out in the Universal Declaration of Human Rights and subsequent United Nations human rights conventions and declarations) by monitoring abuses of human rights, relieving the needs among the victims of human rights abuse, and research and documenting human right abuses, raising awareness of human rights violations that occur in Nigeria to the notice and attention of foreign countries, especially in the UK. In furtherance of that object but not otherwise, the trustees shall have the power to engage in political activity provided that the trustees are satisfied that the proposed activities will further the purposes of the charity to an extent justified by the resources committed and the activity is not the dominant means by which the charity carries out its objects.
## **Public Benefit**
**Achievements and Performances:** The Trustees are pleased to report that the following activities has helped the Charity build a wider network of relationships within the local community and state that the charity is constantly seeking further ways to better engage, impact and serve the wider community better.
## **Recruitment and Appointment of Trustees**
Appointment of trustees begun from the first annual general meeting and was in accordance with the articles of association. At every subsequent annual general meeting, one third of the trustees are subject to retirement by rotation.
If the company at the meeting at which a trustee retires by rotation does not fill the vacancy the retiring trustee shall, if willing to act, be deemed to be reappointed unless at the meeting it is resolved not to fill the vacancy or unless a resolution is put to the meeting and lost. The number of trustees shall not be less than two and are not subject to any maximum. Trustees have the power to co-opt members to a committee so long as those co-opted members do not exceed one half of the total number of trustees on that committee.
## **Trustee Induction and Training**
Any new trustees undergo an orientation day to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be used for the undertaking of the role.
4
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
## **Trustees’ Annual Report continued**
**For the year ended 31 March 2024**
## **Organisational Structure**
The trustees, which at present there are five provide the strategic direction of the charity. The aims and objectives are communicated to the charity.
## **Assets held on behalf of another charity.**
There are no assets held on behalf of another charity.
From the strategy the trustees have identified a few minor risks. These are known to the trustees and are mitigated according.
## **Risk Management**
The trustees have a risk management strategy that includes:
1. An annual review of the risks the charity may face.
2. The establishment of systems and procedures to mitigate those risks identified in the plan.
3. The implementation of procedures designed to minimise any potential impact on the charity should they materialise.
Financial risk is to be mitigated by the secretary monitoring the bank frequently to ensure no losses from error or fraud take place.
The policies of risk management are continuously reviewed to ensure they still meet the needs of the charity.
## **Trustees’ Responsibilities**
The Trustees (who are also directors of International Organisation for Peace Building and Social Justice UK for the purposes of company law) are responsible for preparing the Trustees’ report and other relevant records in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent.
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
5
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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 other irregularities.
The report has been prepared in accordance with the special provisions relating to companies’ subject to the small companies’ regime within Part 15 of the Companies Act 2006.
This report was approved by the Directors on 31 Dec 2024 and signed on their behalf by:
Oluwagbemiga Badejo
~~……………………………………~~ Oluwagbemiga Badejo (Jan 31, 2025 19:44 GMT) …………
Oluwagbemiga Badejo
Chairman
6
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
|**Section A**|**Section A**|**Statement of**|**Financical Activities**|**Financical Activities**||||
|---|---|---|---|---|---|---|---|
|Notes
**Incoming from**
Donations received
1
Grants received
Other Income
**Total income**
**Expenditure on**
Advocacy
Events
Media
Operations
Technology
**Total expenditure**
**2**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**||**Unrestricted funds**
**Apr 23- Mar 24**
£
13,557
-
4,121
**17,678**
26,134
5,663
3,198
151,920
6,277
**193,192**
**(175,514)**
284,501
**108,987**||**Restricted funds**
**Apr 23- Mar 24**
£
-
-
-
-
-
-
-
-
-
-
**-**
-
-||**Total**
**Apr 23- Mar 24**
£
13,557
-
4,121
**17,678**
26,134
5,663
3,198
151,920
6,277
**193,192**
**(175,514)**
284,501
**108,987**|**Total**
**Apr 22- Mar 23**
£
5,358
-
-|
|||||||||
||||||||**5,358**|
||||||||14,141
9,818
6,395
138,516
3,007|
||||||||**171,876**|
||||||||**(166,518)**
451,019|
||||||||**284,501**|
|||||||||
The statement of financial activities includes all surpluses and deficits recognised in the year.
All incoming resources and resources expended derive from continuing activities.
7
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
|**Section B Balance Sheet**|**Section B Balance Sheet**||||
|---|---|---|---|---|
|||**Total**
**Apr 23- Mar 24**
£
958
**958**
1,621
108,672
**110,293**
2,265
**108,029**
**108,986**
108,987
**108,987**||**Total**
**Apr 22- Mar 23**
£
1,437|
|**Note**
**Fixed Assets**
Tangible Assets|||||
|**Total Fixed Assets**||||**1,437**
1,500
289,011|
||||||
|**Current Assets**
Debtors
Cash at bank and in hand|||||
||||||
|**Total Current Assets**||||**290,511**
7,447|
|**Creditors: amount falling due within one year**|||||
||||||
|Total Creditors|||||
||||||
|**Net Current Assets (Liabilities)**||||**283,064**|
|**Total Net Assets**|||||
|||||**284,501**|
|||||284,501|
|**Funds of the charity**
Unrestricted income funds
Restricted income funds|||||
|**Total funds**||||**284,501**|
||||||
The Trustees (who are also the Directors of International Organisation for Peace Building and Social Justice UK for the purposes of company law) confirm that, for the year ended 31 March 2024:
- was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”) and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
These financial statements were approved by the Trustees on 31 Dec 2024 and signed on their behalf by:
~~**………………………………**~~ Oluwagbemiga Badejo (Jan 31, 2025 19:44 GMT)Oluwagbemiga Badejo **….**
**Oluwagbemiga Badejo** Chair
8
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
## **Section C Notes to the accounts**
## **Note 1 Basis of preparation.**
## **1.1 The basis of accounting.**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). • and with the Charities Act 2011 and Companies Act 2006.
## **1.2 Going concern.**
The Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.
## **1.3 Accounting policies**
The accounts present a true and fair view, and no changes have been made to the accounting policies adopted in note.
## 1. **4 Tangible Assets**
Tangible fixed assets are measured at their original cost value or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition **.**
## **1.5 Depreciation**
Tangible fixed assets are depreciated on a reducing balance basis at a rate of 33.33% with the expense charged to the relevant SOFA heading.
- Furniture and fittings
- Equipment
- Computer equipment
## **1.6 Taxation**
The charitable company has dormant status for corporation tax by HMRC.
9
International Organisation for Peace Building and Social Justice UK For the year ended 31 March 2024
||||||||
|---|---|---|---|---|---|---|
|**Note 1**
**Donations**|**Donations and Grants**
**Unrestricted funds**
**Restricted funds**
**Apr 23- Mar 24**
**Apr 23- Mar 24**
**£**
**£**
**17,678**
**-**||||**Total**
**Apr 23- Mar 24**
**£**
**17,678**|**Total**
**Apr 22- Mar 23**
**£**
**5,358**|
||||||||
||||||||
|**Note 2 Charitable activities**
**Unrestricted funds**
**Restricted funds**
**Apr 23- Mar 24**
**Apr 23- Mar 24**
**£**
**£**
**Charitable activities**
**Cost of Generating Fun**
**193,192**
**-**|||||**Total**
**Apr 23- Mar 24**
**£**
**193,192**|**Total**
**Apr 22- Mar 23**
**£**
**171,876**|
## **Note 3**
|**Note 3**||
|---|---|
|At 1st April 2023
Additions
At 31 March 2024
**Depreciation**
At 31 March 2023
Charge for the year
At 31 March 2024
**Net Book value**
At 31 Mar 2024|**Fixtures &**
**Fittings &**
**Equipment**
**2,155**|
||**2,155**|
||**718**
**479**|
||**1,197**|
||**958**|
10
## Trustees’ Report and Unaudited Accounts 31 March 2024
## Final Audit Report
## 2025-01-31
Created: 2025-01-31 By: TaxAssist Accountant Enfield (enfield@taxassist.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAcBPoMje18Bu8hUHEvhCGjaiz5uKOhKl0
## "Trustees’ Report and Unaudited Accounts 31 March 2 024" History
Document created by TaxAssist Accountant Enfield (enfield@taxassist.co.uk)
2025-01-31 - 7:24:23 PM GMT
Document emailed to Oluwagbemiga Badejo (gbenga@badejo.com) for signature 2025-01-31 - 7:24:27 PM GMT
Email viewed by Oluwagbemiga Badejo (gbenga@badejo.com)
2025-01-31 - 7:43:29 PM GMT
Document e-signed by Oluwagbemiga Badejo (gbenga@badejo.com)
Signature Date: 2025-01-31 - 7:44:15 PM GMT - Time Source: server
## Agreement completed.
2025-01-31 - 7:44:15 PM GMT