## **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: 

- 1- Emeka Oloto – Chair 

- 2- Obianuju Amamgbo-secretary 

- 3- Nnaemeka Okpala 

- 4- Ken Uwakwe Odo 

- 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**<br>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.