REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1196674
Report of the Trustees and
Unaudited Financial Statements
For the period ended 30 November 2022
for
ANAMBRA WELFARE FOUNDATION
ANAMBRA WELFARE FOUNDATION
Contents of the Financial Statements For the period ended 30 November 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
ANAMBRA WELFARE FOUNDATION
Report of the Trustees
For the period ended 30 November 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity For the period ended 30 November 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
INCORPORATION
The charitable company was incorporated on 19 November 2021.
OBJECTIVES AND ACTIVITIES
Objectives and aims
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1) For The Public Benefit To Advance The Education Public In The Igbo Culture And Language By Providing Free Igbo Language Tuition And Lessons To All Interested Persons And Organising And Holding Annual Igbo Cultural And New Yam Festival, And Building A Museum And Hold Art Exhibitions To Promote Igbo Culture.
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2) To Promote Social Inclusion For The Public Benefit By Working With People In Greater Manchester Who Are Socially Excluded On The Grounds Of Their Ethnic Origin, Religion, Belief Or Creed (In Particular, Members Of The Nigerian Community) To Relieve The Needs Of Such People And Assist Them To Integrate Into Society, In Particular By:
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a) Providing Holding Bi-Monthly Lectures/Workshops On Citizenship, Integration, Health, Economic Well-Being, Which Is Free To All Interested People; Financial Workshops Will Be Held Regularly Covering Key Financial Planning And Advice.
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b) Increasing Or Coordinating Opportunities For Members Of The African Community To Engage With Service Providers, To Enable Those Providers To Adapt Services To Better Meet The Needs Of That Community;
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c) Providing Facility For The Care Of Children And Elderly Persons To Enable Those Providers To Adapt Services To Better Meet The Needs Of That Community;
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d) Creating A 'Soup Kitchen' That Will Promote Igbo Cuisines And Outreach To Those In Need Within Manchester Community By Providing Free Food. The Centre Will Also Serve As A Place For The Young Children Of Igbo Community To Volunteer Whilst Working Towards Their Duke Of Edinburgh Awards.
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e) We Will Work With Other Organization To Create A Safe Centre That Can Provide Social Support And Advice To The Elderly Within The Manchester Community Including Social Services And Social Workers.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
(England and Wales)
Registered Charity number
1196674
Page 1
ANAMBRA WELFARE FOUNDATION
Report of the Trustees For the period ended 30 November 2022
Registered office
6 SOMERDALE AVENUE BOLTON BL1 5HS
Trustees
Dr Ugo Umeadi Chair (appointed 19.11.21) Ngozi Umebuani Trustee (appointed 19.11.21) Dr Lawrence Emeka Modeme Trustee (appointed 19.11.21) Ofodile Obidike Trustee (appointed 19.11.21) Dr Quincy Izu Chuka Trustee (appointed 19.11.21)
Approved by order of the board of trustees on 27 April 2023 and signed on its behalf by:
OFODILE OBIDIKE
Trustee
Page 2
ANAMBRA WELFARE FOUNDATION
Statement of Financial Activities For the period ended 30 November 2022
| Total | |||
|---|---|---|---|
| funds | |||
| Notes | £ | ||
| NET INCOME | - | ||
| TOTAL FUNDS CARRIED FORWARD | - |
The notes form part of these financial statements
Page 3
ANAMBRA WELFARE FOUNDATION
Balance Sheet 30 November 2022
| Notes NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 3 TOTAL FUNDS |
Total funds £ |
|---|---|
| - | |
| - | |
| - | |
| - |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.
The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 April 2023 and were signed on its behalf by:
OFODILE OBIDIKE
Trustee
The notes form part of these financial statements
Page 4
ANAMBRA WELFARE FOUNDATION
Notes to the Financial Statements
For the period ended 30 November 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Taxation
The charity is exempt from corporation 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 November 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 30 November 2022.
3. MOVEMENT IN FUNDS
TOTAL FUNDS
Net movement At in funds 30.11.22 £ £ - -
Net movement in funds, included in the above are as follows:
TOTAL FUNDS
Incoming Resources Movement resources expended in funds £ £ £ - - -
Page 5
continued...
ANAMBRA WELFARE FOUNDATION
Notes to the Financial Statements - continued
For the period ended 30 November 2022
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 30 November 2022.
Page 6