Charity Registration No: 1201365
THE PETER CLAVER FOUNDATION
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 01ST JANUARY 2026
THE PETER CLAVER FOUNDATION
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 01ST JANUARY 2026
| Contents | Page |
|---|---|
| Legal and Administrative Information | 2 |
| Report of the Trustees | 3-7 |
| Independent Examiner's report | 8 |
| Statement of Financial Activities | 9 |
| Balance sheet | 10 |
| Notes forming part of the Financial statements | 11-13 |
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THE PETER CLAVER FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 01ST JANUARY 2026
LEGAL AND ADMINISTRATIVE INFORMATION OFFICERS AND PROFESSIONAL ADVISERS
TRUSTEES
Oghofori Obakponovwe Emmanuel Olusola Oladeji Laura Dalrymple
REGISTERED OFFICE
20 Chichester Road London E11 3lh
BANKERS
ZEMPLER BANK
EXAMINER
AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS
CHARITY COMMISSION REGISTERED NUMBER
1201365
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THE PETER CLAVER FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 01ST JANUARY 2026
The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 01st January 2026. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by CIO.
PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY
The principal objective to enhance access to quality healthcare for individuals living in the Delta region of Nigeria by supporting medical infrastructure, providing essential resources, and fostering sustainable health solutions that improve overall well-being and save lives..
THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:
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Providing essential medical facilities and services to enhance patient care.
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Offering training and mentorship for hospital staff to improve healthcare delivery and practices.
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Supplying medical equipment and resources not typically available through standard healthcare authorities.
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Supporting medical educational equipment and facilities to improve healthcare standards.
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THE PETER CLAVER FOUNDATION REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 01ST JANUARY 2026
PLANS FOR THE FUTURE
Enhancing healthcare delivery by providing medical services, equipment, and resources while strengthening systems through staff training, mentorship, and support for medical education facilities.
INCOME GENERATION
The charity was able to raise £15,653 during the year ended 01[st] January 2026. This includes contributions from both the trustees and non-trustees.
RISKS
The factors that may affect the Charity’s delivery of its objectives include:
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a) Reputation of Charity and the relationship with the community.
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b) Ability to generate enough funds to successfully complete the identified projects for the charity.
The Peter Claver Foundation produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. The Peter Claver Foundation has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.
RESERVES POLICY
The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds is held to meet the above policy of the Charity going forward.
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THE PETER CLAVER FOUNDATION
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 01ST JANUARY 2026
GOVERNANCE AND INTERNAL CONTROL
A Board of Trustees governs the Charity. At 01st January 2026, the Board had a membership of three (3) people.
The Board meets quarterly a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day-to-day activities of the charity. None of the committee members is being remunerated.
All Trustees receive the handbook for Trustees provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.
Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 1993 as amended
The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.
They include:
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A strategic plan and annual budget approved by the Trustees;
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Regular consideration by the Trustees of financial results, in particular variance from budget; and
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Delegation of authority and segregation of duties.
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STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).
The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.
In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in its activities.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.
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THE PETER CLAVER FOUNDATION
REPORT OF THE TRUSTEES (continued)
YEAR ENDED 01ST JANUARY 2026
DISCLOSURE OF INFORMATION TO EXAMINER
The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.
EXAMINER
In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 01st January 2026. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.
Approved by the Board of Trustees and signed on behalf of the Board by:
Dr. Oghofori Obakponovwe on behalf of the trust. Trustee 06 May 2026
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PETER CLAVER FOUNDATION
I report to the trustees on my examination of the accounts of the The Peter Claver Foundation Trust for the year ended 01st January 2026, which are set out on pages 9 to 13.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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The accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS
06 May 2026
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THE PETER CLAVER FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 01ST JANAURY 2026
| FOR THE YEAR ENDED 01ST JANAURY 2026 | ||||
|---|---|---|---|---|
| Un-restricted | Restricted |
Total Funds |
||
| funds | Funds |
|||
| 2026 | 2026 | 2026 | ||
| Notes | £ |
£ | £ | |
| INCOMING RESOURCES FROM CHARITABLE ACTIVITIES | ||||
| General Donations | 2 | 15,653 | - | 15,653 |
| TOTAL INCOMING RESOURCES | 15,653 | - | 15,653 | |
| RESOURCES EXPENDED | ||||
| Charitable activities | 3 | 15,310 | - | 15,310 |
| Governance | 4 | 420 | - | 420 |
| TOTAL RESOURCES EXPENDED | 15,730 | - | 15,730 | |
| Net income/(outgoing) resources | (77) | - | (77) | |
| Total funds brought forward | 0 | 0 | 0 | |
| Total funds carried forward | (77) | 0 | (77) | |
| All incoming resources are derived from continuing operations. | ||||
| it has no other gains or losses other than those recognised in the | Statement of Financial Activities. |
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THE PETER CLAVER FOUNDATION BALANCE SHEET AS AT 01ST JANAURY 2026
| 2026 | ||||
|---|---|---|---|---|
| Total | ||||
| Notes £ |
£ | |||
| CURRENT ASSETS | ||||
| Cash at bank and in hand | 5 | 343 | ||
| 343 | ||||
| Current Liabilities | ||||
| Creditors: amounts falling due within one year | 6 | 0 | ||
| Net Current assets/(Liabilities) | 343 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 343 | |||
| FINANCED BY: | ||||
| Unrestricted funds | 8 | 343 | ||
| TOTAL FUNDS | 343 |
For the year ending 01st January 2026, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:
Dr. Oghofori Obakponovwe on behalf of the trust. Trustee 06 May 2026
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THE PETER CLAVER FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 01ST JANUARY 2026
1. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.
Cash flow statement
Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in Note 2.
Investment income and gains are allocated to the appropriate fund.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. Premises overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.
Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.
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THE PETER CLAVER FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 01ST JANUARY 2026
| THE PETER CLAVER FOUNDATION | THE PETER CLAVER FOUNDATION | THE PETER CLAVER FOUNDATION | THE PETER CLAVER FOUNDATION | THE PETER CLAVER FOUNDATION | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 01ST JANUARY 2026 |
||||||||||
| Note 2. | Incoming Resources - General Donations | |||||||||
| 2026 | ||||||||||
| Unrestricted | Restricted | Total | ||||||||
| Funds | Funds | Funds | ||||||||
| £ | £ | £ | ||||||||
| General Donations | 15,653 | - | 15,653 | |||||||
| 15,653 | - | 15,653 | ||||||||
| Note 3. | Resources Expended - Activities | 2026 | ||||||||
| Unrestricted | Restricted | Total | ||||||||
| Funds | Funds | Funds | ||||||||
| £ | £ | £ | ||||||||
| Bank charges | 10 | - | 10 | |||||||
| Events & Other related costs | 13,656 | - | 13,656 | |||||||
| Equipment | 1,524 | - | 1,524 | |||||||
| Travel | 120 | - | 120 | |||||||
| 15,310 | - | 15,310 | ||||||||
| Note 4. | Resources Expended – Governance | 2026 | ||||||||
| Unrestricted | Restricted | Total | ||||||||
| Funds | Funds | Funds | ||||||||
| £ | £ | £ | ||||||||
| Accountancy | 420 | - | 420 | |||||||
| 420 | - | 420 | ||||||||
| Note 5. | Cash at bank and in hand | 2026 | 2025 | |||||||
| £ | £ | |||||||||
| Cash at bank | 343 | |||||||||
| 343 | ||||||||||
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| Note 6. Creditors: amounts falling due within one year |
|||||
|---|---|---|---|---|---|
| 2026 | 2025 | ||||
| This is made up as follows: | £ | £ | |||
| Accountancy Fees | |||||
| Loan from director | |||||
| - | - | ||||
| Note 7. Movement in funds |
|||||
| Opening | Incoming | Resources | |||
| balance | resources | expended | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| Charity's fund | - | 15,653 | (15,730) | ||
| - | 15,653 | (15,730) | |||
| Note 8. Analysis of net assets by fund |
2026 | ||||
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 343 | - | 343 | ||
| Other net assets(liabilities) | - | - | - | ||
| 343 | 0 | 343 | |||
| Note 9. TRUSTEES REMUNERATION |
|||||
| The Trustees did not receive any emoluments during the year 2025-2026 | |||||
Note 12. TAXATION
The Peter Claver Foundation is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.
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