OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

IFORIVAkD GETHER NZANOBI Trustee Annual Report for Nzanobi Charity

Charity Information

Introduction

This Trustee Annual Report outlines the activities, achievements, and financial performance of Nzanobi Charity for the year ending 31 December 2024. As a small charity, our mission to advance education, promote good health, and relieve poverty within the African and Afro-Caribbean community continues to drive our efforts. We are grateful to our donors, partners, and volunteers for their unwavering support.

Structure and Management

Structure

Nzanobi Charity is a small charitable incorporated organisation (CIO) operating in the UK. It is governed by its constitution, which outlines its purpose, activities, and governance framework.

Management

The charity is managed by the board of trustees, who meet quarterly to oversee activities, review performance, and make strategic decisions. Day-to-day operations are managed by volunteers and part-time staff under trustee supervision.

Trustee Recruitment

Trustees are recruited based on their skills, expertise, and alignment with the charity’s mission. Recruitment involves:

Objectives and Activities

Charitable Objectives

Nzanobi Charity exists to improve the lives of individuals within the African and AfroCaribbean communities by addressing issues of social inclusion, education, health, and community empowerment.

Activities Undertaken

In 2024, we focused on delivering impactful programs and events aligned with our mission. Key activities included:

1. Charity Launch Event:

We officially launched Nzanobi Charity, introducing our mission and vision to the community. This event brought together supporters, collaborators, and community members, setting the stage for our future initiatives.

2. Menopause Awareness Program:

We organized a Menopause Awareness event to shed light on the challenges faced by African and Afro-Caribbean women. The event provided education, resources, and a supportive platform for dialogue.

3. Parenting Support Workshops:

These workshops were aimed at equipping parents with tools and strategies to support their children’s educational journey, fostering better engagement and outcomes.

4. AI for Entrepreneurs and Professionals:

We conducted an AI-focused event at the Microsoft Experience Centre, providing insights into how artificial intelligence can empower entrepreneurs, parents, and professionals in their daily activities.

  1. Black History Month Awareness Event:

In partnership with the Microsoft Experience Centre, we hosted a Black History Month event to celebrate and raise awareness of the contributions of African and Afro-Caribbean individuals to society.

Achievements and Performance

Impact Highlights

Collaboration and Partnerships

A special thank-you goes to the Microsoft Experience Centre and its staff for their tireless efforts in supporting our AI and Black History Month events. Their generosity and collaboration were instrumental in the success of these initiatives.

Financial Review

Income and Expenditure

For the year ending 31 December 2024:

The charity’s finances remain stable, allowing us to deliver impactful programs while maintaining prudent financial management.

Reserves Policy

The charity aims to maintain sufficient reserves to cover at least three months of operating costs. This ensures financial stability and the ability to continue our work in unforeseen circumstances.

Governance and Structure

Trustees

Nzanobi Charity is managed by a dedicated team of trustees. No new trustees were recruited in 2024, but we remain committed to strengthening our governance as the charity grows.

Risk Management

The trustees regularly review risks associated with the charity’s activities and operations. Key risks identified include:

Plans for the Future

2025 Priorities

In the coming year, Nzanobi Charity aims to:

Long-Term Vision

Our vision is to empower and uplift African and Afro-Caribbean communities by providing opportunities for growth, education, and inclusion. By fostering unity and collaboration, we aim to create a sustainable impact for generations to come.

Declaration

The trustees declare that they have approved this report. Signed on behalf of the charity’s trustees:

Darlington Egbor

Chair of Trustees Date: 23/01/2025

Nzanobi Charity Financial Accounts for the Year Ended 31 December 2024

Receipts and Payments Accounts

Receipts:

Receipts:
Description Amount (£)
Donations and Grants 0
Fundraising Events 2,498.06
Miscellaneous Income 0
Total Receipts 2,498.06

Payments:

Payments:
Description Amount (£)
Event Costs (Menopause Event, AI Event, etc.) 300
Venue Hire 168.75
Marketing and Outreach 1,000
Volunteer Expenses 0
IT Cost (Software e-mail subscription) 165.06
Miscellaneous Costs 0
Total Payments 1,633.81

Net Receipts for the Year: | Net Surplus | £864.25 |

Statement of Assets and Liabilities as

at 31 December 2024

Assets:

Assets:
Description Amount (£)
Cash at Bank and In Hand 864.25
Equipment (Laptops, projectors for events) 0 (fully
depreciated)
Total Assets 864.25

Liabilities:

Liabilities:
Description Amount (£)
Outstanding Payments (None) 0
Total Liabilities 0

Net Assets: | Net Assets | £864.25 |

Trustee Declaration

The above Receipts and Payments Accounts, along with the Statement of Assets and Liabilities, provide a true and fair view of the financial position of Nzanobi Charity as of 31 December 2024.

Signed on behalf of the Trustees

Darlington Egbor Chair of Trustees Date: 23/01/2025