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2024-12-31-accounts

Trustees’ Annual Report for the period

From 21/01/2024 Period start date To 31/12/2024 Period end date

Charity name: MAKOKO PEARLS

Charity registration number: 1206640

Objectives and Activities
SORP ref
Summary of the
purposes of the
charity as set out
in its governing
document		 Para 1.17 The objects of the CIO are:
The Objects Of The Cio, Being For The Benefit Of The Inhabitants
Of Makoko In Lagos, Nigeria, Are As Follows:
(1) The Advancement Of Education By Providing Or Assisting In The
Provision Of Financial Aid, Learning Materials, And Support To
Local Schools, Ensuring Access To Quality Education For All
Children Irrespective Of Their Socioeconomic Background.
(2) The Relief Of Poverty By Initiating And Supporting Sustainable
Development Projects, The Provision Of Basic Needs And
Facilitating Access To Opportunities And Resources To Help Lift The
Community Out Of Poverty.
(3) The Preservation And Protection Of Good Health By Supporting
Local Healthcare Projects, Promoting Access To Clean Water And
Sanitation And Facilitating Health Education.
(4) To Develop The Capacity And Skills Of The Members Of The
Socially And Economically Disadvantaged Community Of Makoko In
Such A Way That They Are Better Able To Identify, And Help Meet,
Their Needs And To Participate More Fully In Society
Summary
of
the
main
activities
in
relation
to
those
purposes
for
the
public
benefit,
in
particular,
the
activities, projects or
services identified in
the accounts.
Statement confirming
whether the trustees
have had regard to
the guidance issued
by the Charity
Commission on
public benefit







Para
1.19
Para
1.18
Assisting In The Provision Of Financial Aid, Learning
Materials, And Support To Local Schools

Promoting Access To Clean Water And Sanitation And
Facilitating Health Education.
The trustees have seen this guidance

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 N/A
Policy on social investment
including program related
investment
Para 1.38		 N/A
Contribution made by
volunteers
 Para 1.38 Volunteers are welcome to donate to our
work but there is no necessity for them to do
so.

Achievements and Performance

SORP
reference
Summary of the
main achievements
of the charity,
identifying the
difference the
charity’s work has
made to the
circumstances of
its beneficiaries s
and any wider
benefits to society
as a whole.		 Para 1.20
Raising awareness about Clean Water And Sanitation,
Good Health

Additional information (optional)

dditional information(optional)
Achievements against
objectives set


Para 1.41
Performance of fundraising
activities against objectives set		 Para 1.41

Financial Review

Review
of
the
charity’s
financial position at the end o
the period
 Para 1.21
f		 At the end of the period, the charity holds
£1,272.00in liquid funds, with a net cash flow
of £1,272.00 for the 12 month period.
Statement explaining the Para 1.22 TheMAKOKO PEARLScurrently has no
Reserves policy:
policy for holding reserves
stating why they are held		 We do not maintain reserves
To meet operational expenditure.
Amount of reserves held Para 1.22 £0.00
Reasons for holding zero
reserves		 Para 1.22 Not received enough cash inflows to
maintain reserves.
Details of fund materially in
deficit		 Para 1.24 NA
Explanation
of
any
uncertainties about the charity
continuing as a going concern		 Para 1.23
 NA

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources
of funds (including any
fundraising)


Para 1.47		 The Charity's principal source of funds
comes from general donations driven
through fundraising.
Investment
policy
and
objectives including any social
investment policy adopted

Para 1.46		 NA
A description of the principal
risks facing the charity		 Para 1.46 At this point there are no obvious risks as
we have reserves enough to cover
Several years and expect significant
donations throughout the next year.
Other

Structure, Governance and Management
Description of charity’s trusts: NA
Type of governing document
 Para 1.25 Constitution
How is the charity constituted? Para 1.25 CIO
Trustee selection methods
including
details
of
any
constitutional provisions.		 Para 1.25 Elected by Trustees

Additional information (optional)

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Policies and procedures Para 1.51
adopted for the induction and
training of trustees
The charity’s organisational Para 1.51
structure and any wider
network with which the
charity works
Para 1.51
Relationship with any related
parties
Other
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Reference and Administrative details

Charity name MAKOKO PEARLS
Other name the charity uses
Registered charity number 1206640
Charity’s principal address 31B WALTERTON ROAD, London, W9 3PE

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not
for whole year
Name of person (or body)
entitled to appoint trustee (if
any)
Chioma Anwuli Okereke Chair of Trustees
Chika Okereke Trustee
Martin Shillo Trustee
Abderrazak Berrada Trustee

Corporate trustees – names of the directors at the date the report was approved

Director name Company Name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Annual Accounts MAKOKO PEARLS 12D6640 Receipts and payments accounts CC16a For th8 p•rlod trom P•rtod st•rt P•rtod •nd dt• 3111212024 To 2210112024 Section A Receipts and payments Unre$trl¢ted funds Pgstrl¢ted funds ndowment Total funds Lt y•ll th• n•ar••t toth• n•ar•st to th• n•r•st£ t•th• n•4r•yt£ toth• A1 R•c•l ts o￿natinn% Rpc&iV￿l Sub total(Gross ineome for AR) A2 Ass8t and Inv8stm•nt sal8 tsbl• . Sub total Total receipts A3Pa Rcnl Progrsm Cost Euuipmcnt5 Wage&JCDordinatDr Fee IAarkeling Tolgl ￿1$Cell￿ne0￿sAo￿in nses Bank Chargc5 m•nts 0.00 $1 4$ Sub total 71 71 A4 Ass8t and Inv8stmont urchasa Sub totsl 70 7• t of reGeipts/(payments) A5 Transrefs L+¢t￿￿￿ AS Cash funds last •n ash funds this year end 1.272 1.272 1.272 1.272 Section B Statement of assets and liabilities at the end of the period Unrostrlct•d funds nthir•5t£ Rostrict•d funds Endowm nt funds Catègories B1 Cash funds Bark B￿￿ce 1.272 CasTh 8￿￿nce Total cash funds 1.272 Unrestrl¢ted Restrlcted nds ndowm• nt funds t¢ n•ar•£ Detalls to n•or•sr£ B2 Other monetary assets Fund SS•T Curr•nt Oetaiis B3 Investment assets eurr•nt Dètslly B4 Assets retained for the charity's own use Fund ta vlaT•S 1.272 AMountdu• Wh•n du• DÈtalls Payabl•s BS Liabilities Signod by ong or Iwo trustags Jn behaff of all the Iru5teB5 Slgnatur Prlnt Nama Date of r¢vai ch1om￿ ok￿r￿￿ 2410612025

MAKOKO PEARLS

Independent Examiners Report to the Trustees

For the year ended 31 December 2024

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2024.

Responsibilities of trustees and examiner

As the charity trustees of the Trust, trustees 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. The charity trustees considered that audit is not required for this year under section 144(2) of the charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention

Have not been meet or

2: To which, in my opinion, attention should be drawn in order to enable a proper understanding of accounts to be reached.

Faizan Ahmad

Chartered Accountant 95C BelleGrove Road Welling Kent, London DA16 3PG

Declarations

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

Signature

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Signature
Name Chioma Anwuli Okereke
Position Chair of Trustees
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