Charity registration number: 1196674
ANAMBRA WELFARE FOUNDATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
Anambra Welfare Foundation Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 8 |
Anambra Welfare Foundation Reference and Administrative Details For The Year Ended 30 November 2025
Trustees
Dr Ugo Umeadi - Chair Mr Ofodile Obidike Dr Lawrence Modeme Ms Ngozi Umebuani Dr Quincy Chuka
Charity Number 1196674 Principal Address 6 Somerdale Avenue Bolton BL1 5HS
Page 1
Trustees' Report For The Year Ended 30 November 2025
Anambra Welfare Foundation
The trustees present their report and the financial statements for the year ended 30 November 2025.
Objectives and Activities
Aims and Objectives
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
Financial Position
Funds in surplus
The charity received donations and income totalling £23,767 (2024: £19,902). After payments of outgoing expenses totalling £20,815 (2024: £20,249) the charity was left with a surplus of £2,952 (2024: deficit £347) for the year.
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.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Ofodile Obidike – Trustee
09/04/2026
Page 2
Anambra Welfare Foundation Statement of Financial Activities For The Year Ended 30 November 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies EXPENDITURE ON: Charitable activities: 2 Support Costs NET INCOME/(EXPENDITURE) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6 The notes on pages 5 to 7 form part of these financial statements. |
2025 Unrestricted funds £ 23,767 |
2024 Unrestricted funds £ 19,902 |
|---|---|---|
| (20,815) | (20,249) | |
| 2,952 | (347) |
|
| 2,952 1,594 |
(347) 1,941 |
|
| 4,546 | 1,594 |
|
Page 3
Anambra Welfare Foundation Statement of Financial Position As At 30 November 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 6 |
2025 Unrestricted funds £ 5,146 |
2024 Total funds £ 2,194 |
|---|---|---|
| 5,146 (600) |
2,194 (600 ) |
|
| 4,546 | 1,594 |
|
| 4,546 | 1,594 |
|
| 4,546 | 1,594 |
|
| 4,546 | 1,594 |
|
| 4,546 | 1,594 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.
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 9 March 2026 and were signed on its behalf by:
Mr Ofodile Obidike - Trustee
09/03/2026
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Anambra Welfare Foundation Notes to the Financial Statements For The Year Ended 30 November 2025
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements 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 Charities Act 2011.The financial statements have been prepared under the historical cost convention.
The charity is a Public Benefit Entity as defined by FRS 102.
1.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
1.3. Incoming Resources
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.
1.4. Resources Expended
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.
1.5. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
2. Analysis of Expenditure
| Support Costs Support Costs |
2025 Support costs (see note3) £ 20,815 |
|---|---|
| 2024 Support costs (see note3) £ 20,249 |
Page 5
Anambra Welfare Foundation Notes to the Financial Statements (continued) For The Year Ended 30 November 2025
3. Support Costs
| . Support Costs | |
|---|---|
| General administration General administration |
2025 Support Costs £ 20,815 |
| 2024 Support Costs £ 20,249 |
4. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
5. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year | |||||
|---|---|---|---|---|---|
| Accruals and deferred income . Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 December 2024 £ 1,594 |
Income £ 23,767 |
2025 £ 600 Expenditure £ (20,815) |
2024 £ 600 |
|
| As at 30 November 2025 £ 4,546 |
|||||
| 1,594 | 23,767 |
(20,815) |
4,546 | ||
| As at 1 December 2023 £ 1,941 |
Income £ 19,902 |
Expenditure £ (20,249) |
As at 30 November 2024 £ 1,594 |
||
| 1,941 | 19,902 |
(20,249) |
1,594 |
6. Movement in Funds
7. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
Page 6
Anambra Welfare Foundation Notes to the Financial Statements (continued) For The Year Ended 30 November 2025
8. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 7
Anambra Welfare Foundation Detailed Statement of Financial Activities For The Year Ended 30 November 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations EXPENDITURE ON: Charitable Activities: Support Costs Insurance Printing, postage and stationery Event expenses Website costs Accountancy fees Professional fees Subscriptions Charitable donations Storage costs Fines and Penalties NET INCOME/(EXPENDITURE) |
2025 Total funds £ 23,767 |
2024 Total funds £ 19,902 |
|---|---|---|
| 23,767 | 19,902 |
|
| 23,767 (218) - (16,972) - (600) (100) (65) (1,500) (1,080) (280) |
19,902 - (165) (12,622) (742) (600) - - (5,462) (658) - |
|
| (20,815) | (20,249) | |
| (20,815) | (20,249) | |
| 2,952 | (347) |
Page 8