**REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1196674** Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 November 2023 for ANAMBRA WELFARE FOUNDATION ## ANAMBRA WELFARE FOUNDATION ## Contents of the Financial Statements for the Year Ended 30 November 2023 ||Page| |---|---| |Reference and Administrative Details|1| |Report of the Trustees|2 to 3| |Statement of Financial Activities|4| |Statement of Financial Position|5 to 6| |Notes to the Financial Statements|7 to 9| |Detailed Statement of Financial Activities|10| Reference and Administrative Details for the Year Ended 30 November 2023 ## ANAMBRA WELFARE FOUNDATION **TRUSTEES** Dr Ugo Umeadi Chair Ngozi Umebuani Trustee Dr Lawrence Emeka Modeme Trustee Ofodile Obidike Trustee Quincy Izu Chuka Trustee ## **COMPANY SECRETARY** **REGISTERED OFFICE** 6 SOMERDALE AVENUE BOLTON BL1 5HS **REGISTERED COMPANY** (England and Wales) **NUMBER REGISTERED CHARITY** 1196674 **NUMBER** ## **REGISTERED OFFICE** Page 1 ## ANAMBRA WELFARE FOUNDATION ## Report of the Trustees ## for the Year Ended 30 November 2023 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 year ended 30 November 2023. 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). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** - 1) For the public benefit, to advance education in Igbo culture and language by providing free Igbo language tuition and lessons to all interested persons, organizing and holding annual Igbo cultural and New Yam festivals, and building a museum to hold art exhibitions promoting Igbo culture. - 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 (particularly members of the Nigerian community), to relieve their needs and assist their integration into society, specifically by: - a) Holding bi-monthly lectures and workshops on citizenship, integration, health, and economic well-being, which will be free to all interested persons; and regularly hosting financial workshops covering key financial planning and advice. - b) Increasing or coordinating opportunities for members of the African community to engage with service providers, enabling those providers to adapt services to better meet the needs of that community. - c) Providing facilities for the care of children and elderly persons, helping service providers adapt services to better meet the community's needs. - d) Creating a 'Soup Kitchen' that will promote Igbo cuisine and offer outreach to those in need within the Manchester community by providing free food. The center will also serve as a place for young members of the Igbo community to volunteer while working towards their Duke of Edinburgh Awards. - e) Working with other organizations to create a safe center that can provide social support and advice to the elderly within the Manchester community, including social services and social workers. ## **FINANCIAL REVIEW** ## **Funds in deficit** The charity received donations and income totalling £10,229 (2022: £0). After payments of outgoing expenses totalling £8,288 (2022: £0) the charity was left with a surplus of £1,941 (2022: £0) for the year. Page 3 ## ANAMBRA WELFARE FOUNDATION ## Report of the Trustees for the Year Ended 30 November 2023 ## **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. Approved by order of the board of trustees on 15 August 2024 and signed on its behalf by: Ofodile Obidike - Trustee Page 3 ## ANAMBRA WELFARE FOUNDATION Statement of Financial Activities for the Year Ended 30 November 2023 ||||Period| |---|---|---|---| ||||19.11.21| |||Year Ended|to| |||30.11.23|30.11.22| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||10,229|-| |**EXPENDITURE ON**|||| |Raising funds|2|8,288|-| |**NET INCOME**||1,941|-| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||-|-| |**TOTAL FUNDS CARRIED FORWARD**||1,941|-| The notes form part of these financial statements Page 4 ## ANAMBRA WELFARE FOUNDATION ## Statement of Financial Position ## 30 November 2023 |||30.11.23|30.11.22| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**CURRENT ASSETS**|||| |Cash at bank||2,541|-| |**CREDITORS**|||| |Amounts falling due within one year|5|(600)|-| |**NET CURRENT ASSETS**||1,941|-| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||1,941|-| |**NET ASSETS**||1,941|-| |**FUNDS**|6||| |Unrestricted funds||1,941|-| |**TOTAL FUNDS**||1,941|-| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (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. The notes form part of these financial statements Page 5 continued... ## ANAMBRA WELFARE FOUNDATION ## Statement of Financial Position - continued 30 November 2023 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 15 August 2024 and were signed on its behalf by: Quincy Izu Chuka - Trustee The notes form part of these financial statements Page 6 ## ANAMBRA WELFARE FOUNDATION Notes to the Financial Statements for the Year Ended 30 November 2023 ## **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. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **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. Page 7 continued... ## ANAMBRA WELFARE FOUNDATION ## Notes to the Financial Statements - continued for the Year Ended 30 November 2023 ## **2. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| |||Period| |||19.11.21| ||Year Ended|to| ||30.11.23|30.11.22| ||£|£| |Support costs|6,968|-| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the period ended 30 November 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 November 2023 nor for the period ended 30 November 2022. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Total|| |---|---|---| ||funds|| ||£|| |**NET INCOME**||-| |**TOTAL FUNDS CARRIED FORWARD**||-| Page 8 continued... ## ANAMBRA WELFARE FOUNDATION Notes to the Financial Statements - continued for the Year Ended 30 November 2023 ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |||||30.11.23|30.11.22| |---|---|---|---|---|---| |||||£|£| ||Accrued expenses|||600|-| |**6.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||At||movement|At| |||1.12.22||in funds|30.11.23| |||£||£|£| ||**Unrestricted funds**||||| ||General fund||-|1,941|1,941| ||**TOTAL FUNDS**||-|1,941|1,941| ||Net movement in funds, included in the above are as follows:||||| |||Incoming||Resources|Movement| |||resources||expended|in funds| |||£||£|£| ||**Unrestricted funds**||||| ||General fund|10,229||(8,288)|1,941| ||**TOTAL FUNDS**|10,229||(8,288)|1,941| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 November 2023. Page 9 ## ANAMBRA WELFARE FOUNDATION |Detailed Statement of Financial Activities||||| |---|---|---|---|---| |for the Year Ended 30 November 2023||||| |||Period||| ||||19.11.2|1| ||Year Ended|to||| ||30.11.23|30.11.22||| ||£|£||| |**INCOME AND ENDOWMENTS**||||| |**Donations and legacies**||||| |Donations|10,229||-|| |**Total incoming resources**|10,229||-|| |**EXPENDITURE**||||| |**Support costs**||||| |**Administrative expenses**||||| |Event expenses|2,237||-|| |Charitable donation|4,731||-|| |Advertising|540||-|| ||7,508||-|| |**Governance costs**||||| |Accountancy and legal fees|780||-|| |Total resources expended|8,288||-|| |**Net income**|1,941||-|| This page does not form part of the statutory financial statements Page 10