OLD ANAMBRA STATE UNION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] December 2024
CHARITY NUMBER: 1207183
Table of Contents
Legal & Administrative Details .……………………………………………… 1 Trustees’ Report …………………………………………………………………… 2 Independent Examiner’s Report ……………………………………………… 3 Financial statements………………………………………………………………. 5 Statement of assets and Liabilities...………………………………………… 6
OLD ANAMBRA STATE UNION
LEGAL & ADMINISTRATIVE DETAILS
YEAR ENDED 31 December 2024
ADDRESS FOR CORRESPONDENCE
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REGISTERED CHARITY NUMBER
1207183
GOVERNING DOCUMENT
CONSTITUTION ADOPTED 13/06/2024
TRUSTEES/ DIRECTORS
CHIKE OKOYE ANTHONIA ONUBOGU CHRISTINA IGBOEKWU GAB IGBOEKWU DOATUS NTOMCHUKWU ORJI
PRINCIPAL BANKERS
INDEPENDENT EXAMINER
DKA ACCOUNTING LTD EAST WING CASTLE HOUSE DAWSON ROAD MILTON KEYNES MK1 1QT
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TRUSTEES’ REPORT
The trustees are pleased to present their report for the year ended 31st December 2024 for the charity Old Anambra State Union with charity number. 1207183
The Trustees of the charity are:
CHIKE OKOYE ANTHONIA ONUBOGU CHRISTINA IGBOEKWU GAB IGBOEKWU DOATUS NTOMCHUKWU ORJI
The principal address of the charity is:
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Structure, Governance and Management
The Charity governing document is a constitution that was approved on 26/02/2024. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the charity’s financial position.
Objectives and Activities
The objects of the CIO are: for the public benefit, the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other social and economic disadvantage in the Anambra state of Nigeria through the provision of grants of financial assistance, food, items and services to individuals in need and/charities, or other organisations, working to assist such individuals. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
Achievements and Performance
The charity held regular monthly general meetings to deliberate on Union matters, review progress, and plan upcoming initiatives. The charity organized family get-together / barbecue event as a social and bonding event aimed at strengthening relationships among members and their families in a relaxed environment. The charity Family hosted an End-of-Year GetTogether to celebrate the achievements of the year, appreciate members for their contributions, and foster continued unity going into the new year.
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INDEPENDENT EXAMINER’S REPORT
Financial Review
The income of the charity was £3,223 for the period. The charity is also well positioned to manage its costs effectively.
Reserve Policy
It is the policy of the charity to maintain unrestricted funds. These are the reserves of the organisation and equivalent to 3 months of unrestricted expenditure. The aim is to ensure there is adequate funds to cover any emergency expenditure that may arise. They will seek to maintain this level throughout the year.
Risk Management
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.
Trustee Responsibilities
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
This report of the charity for the year ended 31[st] December 2024 relates to the Receipts and Payment Account.
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Respective responsibilities of Trustees and examiner
The charity’s Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts (under section 43 of the Act)
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follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and
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state whether particular matters have come to my attention.
Basis of the independent examiner’s statement
My examination included a review of the accounting records kept by the charity. It included consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:
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proper accounts records are kept in accordance with section 41 of the Act; and
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accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or
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to which in my opinion attention should be drawn in order to enable proper understanding of the accounts to be reached.
DAVID AKAKPO MA (FAM), ACMA, CGMA
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OLD ANAMBRA STATE UNION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| UNRESTRICTED | ||
|---|---|---|
| FUNDS | 2024 | |
| Incoming resources from Generated funds | £ | £ |
| Donations | 3,223 | 3,223 |
| Other Income | - | - |
| Total Income | 3,223 | 3,223 |
| Resources expended in furtherance of charity | objectives | |
| Charitable activities | 379 | 379 |
| Insurances | - | - |
| Legal and Professional Fees | - | - |
| Office/General Administrative Expenses | 1,030 | 1,030 |
| Other Professional Services | - | - |
| Printing, Postage and Stationery | - | - |
| Refreshment | 479 | 479 |
| Rent | 1,010 | 1,010 |
| Repair and maintenance | - | - |
| Travel and Accommodation | - | - |
| 2,898 | 2,898 | |
| Net Surplus for the year | 325 | 325 |
| - | - | |
| Funds in hand at 31 December | 325 | 325 |
The financial statements were approved on
06/Nov/2025
SIGNED ON BEHALF OF THE BOARD BY:
NAME:
CHIKE OKOYE
STATUS
Board Chairman
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