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2024-12-31-accounts

Charity name: PEA Foundation (Charity incorporated Organization) Registered No1204318 Reg date 10 August 2023 Address 18, Sylvan Hill, Upper Norwood, London, SE19 2QE Phone +44779927205 Contact contact@pea-foundation.org

TRUSTEE MEMBER

  1. Ivie Ikediashi CEO (Founder) Trustee

  2. Ann Okojie (Financial Director) Trustee

  3. Obbor Kenneth Egho (IT Director) Trustee

  4. Alfred Osawe (Fund raising Director) Trustee

  5. Past Agbonmen Odeh (Welfare Director) Trustee

  6. Dr Hilda Eshieshi Trustee

  7. Dr Sheri Johnson Trustee

  8. Osahon Svedberg Trustee

  9. Deborah Flourish Trustee

  10. Sarah Ikediashi Trustee

STRUCTURE AND DETAILS OF HOW THE FOUNDATION RECRUITS TRUSTEE AND HOW IS BEING MANAGED

The Trustees hold monthly online meetings where issues are discussed, agreed and minutes are taken.

Ivie Ikediashi Chairman CEO, receives reports from all head of departments of the foundation.

Ann Okojie (Finance Director) supervises the financial activities of the foundation

Obbor Kenneth Egho (Information Technology ) manages and ensures all required information as regards the foundation is updated on the website of the foundation for public use.

Agbonmen Odeh (Welfare Director) oversees the general distribution of grants to the direct beneficiaries.

Alfred Osawe (Fund raising Director) administers how funds are being sourced for the foundation.

Other Trustee members administer in the general operation of the foundation in various levels of professionalism.

TRUSTEES were recruited base on the individual professionalism. None of the Trustees receives salary, wages or incentives presently.

OBJECTIVES AND ACTIVITIES OF THE FOUNDATION

Our main objective is to prevent or relief poverty among;

The foundation aims to provide semi-skill professional based training (Such as brick layering, carpentry, tailoring, hair dressing, basic IT skills etc.) for the less privilege, youth, leading to being self-employed and self-sufficient.

We are committed to reducing the poverty rate in villages and under developed towns through skill acquisitions and empowerment programs thereby promoting decent work and economic growth from rural to the urban settlement leading to sustainable impacts.

ACHIEVEMENTS AND PERFORMANCE OF THE FOUNDATION

FINANCIAL REVIEW AND ANY FUND HELD AS A CUSTODIAN TRUSTEE

GENERAL REPORT

PEA foundation (CIO) is a registered charity foundation with the Charity Commission UK with registration number 1204318 on 10-AUGUST-2023.

The foundation presently has 10-member Trustees who are responsible for the effective management and administration of the foundation.

The foundation whose office is situated in 18 Sylvan Hill, Upper Norwood, London SE19 2QE is being chaired by Mrs. Ivie Ehinor IKEDIASHI. The foundation was formed and registered with the purpose of reliving and preventing poverty among less privilege people.

As a newly registered foundation we aim to focus on children, women, young people and destitute in making grants available for them. Though, the foundation’s financial activities are minimal presently, we have determined to expand and increase grants to the beneficiaries through sourcing for more funds by the trustees.

A bank account has been opened with Unity trust bank account with a closing balance of 643pounds.

PEA FOUNDATION CIO

18 SYLVAN HILL UPPER NORWOOD, LONDON SE19 2QE
PEA FOUNDATION CIO

18 SYLVAN HILL UPPER NORWOOD, LONDON SE19 2QE
PEA FOUNDATION CIO

18 SYLVAN HILL UPPER NORWOOD, LONDON SE19 2QE
1204318
Receipts and
For the period
from
10-Aug-23 To 31-Jul-24
Section A Receipts and payments
A1 Receipts
IVIE IKEDIASHI
230
CHARITY TRUST
400
S OMORUYI
20
DANFORT LIMITED
60
-
-
-
-
710
CREDIT INTEREST(BANK)
3
-
Sub total 3
Total receipts 713
A3 Payments
TRANSFER 20499853
20
TRANSFER 20499853
50
-
-
-
-
-
-
-
Sub total 70
NIL
NIL
-
Sub total -
Total payments 70
Net of receipts/(payments) 643
A5 Transfers between funds
-
A6 Cash funds last year end
-
Cash funds this year end 643
Unrestricted
funds
to the nearest £
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
A4 Asset and investment
purchases, (see table)
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
funds
Endowment funds
to the nearest £
Total funds
to the nearest £
230
400
20
60
-
-
-
-
710
3
-
3
713
20
50
-
-
-
-
-
-
-
70
-
-
-
70
643
-
-
643
- 230
- 400
- 20
- 60
- -
- -
- -
- -
- 710
- 3
- -
- 3
- 713
- 20
- 50
- -
- -
- -
- -
- -
- -
- -
- 70
- -
- -
- -
- 70
- - 643
- - -
- - -
- - 643

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees
Details
CASH AT BANK
Details
NIL
NIL
NIL
NIL
NIL
NIL
Details
NIL
NIL
NIL
NIL
NIL
Details
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
Details
BALANNCE AT BANK
Signature
Total cash funds
(agree balances with receipts and payments
account(s))
Unrestricted funds
to nearest £
643
-
-
643
OK
Unrestricted funds
to nearest £
-
-
-
-
-
-
Fund to which asset belongs
Fund to which asset belongs
Fund to which liability relates
643
Print Name
to nearest £
Restricted
funds
-
-
-
OK
to nearest £
Restricted
funds
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
Ivie ikediashi

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CC16a
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Last year
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to the nearest £

-

-

-

-

Endowment funds to nearest £ - - -

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OK
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Endowment funds to nearest £ - - - - - -

Current value (optional) - - - - -

Current value (optional)

-

When due (optional)

Date of approval 3/7/2025