UNAA UK FOUNDATION
Registered Charity No: 1206260
Annual Report and Accounts for the Year Ended 31 March 2025
(Prepared on the accrual basis in accordance with the Charities SORP FRS 102)
TRUSTEES’ ANNUAL REPORT
1. Reference and Administrative Details
Charity name: UNAA UK Foundation Charity registration number: 1206260
Principal address: Crispin Lodge, 49 Knighton Road, Leicester, LE2 3HL Trustees as at 31 March 2025:
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1- Emeka Oloto – Chair
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2- Obianuju Amamgbo-secretary
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3- Nnaemeka Okpala
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4- Ken Uwakwe Odo
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5- Obioma Iwuagwu
2. Structure, Governance and Management
UNAA UK Foundation is a registered charity governed by its constitution adopted on [insert date]. The charity is managed by a board of trustees, all of whom serve voluntarily.
3. Objectives and Activities
The charity’s purpose is to support tertiary education by providing assistance, bursaries, and guidance to students in need. The charity’s main activities during the year included fundraising, awareness campaigns, and partnership development with educational institutions.
4. Achievements and Performance
During the financial year, the Foundation raised a total of £24,020 through donations and other income sources. Expenditure amounted to £287, mainly administrative costs. The remaining surplus will be applied toward future education projects planned for 2025/26.
5. Financial Review
At 31 March 2025, total funds stood at £23,733, all of which are unrestricted. The charity remains in a strong financial position with no outstanding liabilities.
6. Reserves Policy
The trustees aim to maintain reserves equal to at least six months of operating costs. The current level of reserves exceeds this requirement and will be used to fund upcoming education initiatives.
7. Trustees’ Responsibilities
The trustees are responsible for preparing financial statements in accordance with the Charities SORP (FRS 102) and ensuring proper accounting records are maintained.
Approved by the Trustees on:
Signed on behalf of the Trustees: _______
STATEMENT OF FINANCIAL ACTIVITIES (SOFA)
For the year ended 31 March 2025
| For the year ended 31 March 2025 | |
|---|---|
| Incomefrom: | |
| Donations andfundraisingincome | £24,020 |
| Total income | £24,020 |
| Expenditure on: | |
| Administrative expenses | £287 |
| Totalexpenditure | £287 |
| Netincome / (expenditure) | £23,733 |
| Total funds carriedforward | £23,733 |
BALANCE SHEET
As at 31 March 2025
| BALANCE SHEET As at 31 March 2025 |
|
|---|---|
| FixedAssets | – |
| CurrentAssets: | |
| Bankbalance | £23,733 |
| Total Assets | £23,733 |
| Liabilities | – |
| NetAssets /Total Funds | £23,733 |
NOTES TO THE ACCOUNTS
1. Accounting Policies
These financial statements are prepared on the accrual basis in accordance with the Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland.
2. Fund Accounting
All funds are unrestricted and available for general charitable purposes.
3. Income
Income represents donations and fundraising receipts totalling £24,020 during the year.
4. Expenditure
Administrative expenses of £287 include general office and governance costs.
5. Trustees’ Remuneration and Benefits
No trustee received remuneration or reimbursement of expenses during the year.
6. Related Party Transactions
There were no related party transactions during the year.