## **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
**£1,272.00**in 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)** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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 d*t• 3111212024 To 2210112024 Section A Receipts and payments Unre$trl¢ted funds Pgstrl¢ted funds ndowment Total funds L**t y•ll th• n•ar••t toth• n•ar•st to th• n•*r•st£ t•th• n•4r•yt£ toth• A1 R•c•l ts o￿natinn% Rpc&iV￿l Sub total(Gross ineome for AR) A2 Ass8t and Inv8stm•nt sal8 tsbl• . Sub total Total receipts A3Pa Rcnl Progrsm Cost Euuipmcnt5 Wage&JCDordinatDr Fee IAarkeling Tolgl ￿1$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 v*laT•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 - 1: In connection with the examination which gives me cause to believe that in, any material respect, the requirements; - Accounting records kept in accordance with section 130 of the Act and - To prepare accounts which accord with the accounting record and comply with accounting requirements of the 2011 Act 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** **----- Start of picture text -----**
Signature
Name Chioma Anwuli Okereke
Position Chair of Trustees
**----- End of picture text -----**