IGBO UNION SOUTH YORKSHIRE Trustees. Report and Financial Statements for the Year Ended 30TH September 2024
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 COMPANY INFORMATION DIRECTORS AND TRUSTEES Anthony Ezeribe CHAIRPERSON Juliana 05ammor SECRETARY Matthew Osatnrnor TRUSTEE Jude Egemole TRUSTEE Patrick Ezepue TRUSTEE REGISTERED OFFICE 29 Mansfield Road Sheffield S12 2AE BANKERS The Royal Bank of Scotland plc 36 St Andrew Square Edinburgh EH2 2YB ACCOUNTANTS J.E Financial Chartered Accountants 7 Fairfield Grove Rothwell Leeds LS26 OGA Company Limited By Guarantee No. 15169408 Charity Stslus No. 1207316
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 INDEX Directors, and Tiustees, Report Accounlanls, Report Statement of Financial Activities and Income and Expendituie Balance Sheet Principal Accounting Policies Notes tr) the Finanaal Statement Independent Examinerfs Report
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 DIRECTORS. AND TRUSTEES. REPORT The directors and Iruslees present Iheii report and the financi81 slaternenls for the year ended 30th Seplernber 2024. Principal a¢tivitie$. obje¢ts and organisation The principal activitie5 and objectives of the chaiity are to advance the education of the public In the Igbo culture, heritage , language and traditions. In setting these objectives the trustees have considered the Charity Comrnission'5 general guidance on public benefit. The charity is constituted a5 8 company limrted by guarantee and is therefore governed by its memoiandum and articles of assouation. Dlrectors, and Trustees, Responslbllltles Company and charity law require the trustees to prepare financial statements for each accounting period which give a true and fair view of the state of affairs of the charity and of the income and expenditure the trustees are required to'.- Select suitable accounting policies and then apply them consistently. Makejudgements and estimates that are reasonable and prudent. Prepare the finanaal statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The directors and trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at any time the financial position of the charity and to enable thern to ensure that the financial statements comply with the Charities Act. They are also responsible for the prevention and detection of fraud and other irregularities. Review of Activities The trustees, review of activities 15 sel out in 8 separate document. Reserves Policy The charity has a reserves policy in pla. Page-1
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 DIRECTORS. AND TRUSTEES. REPORT Summary of Financial Po¥ition The Statetnent of Fin8nci81 Activitie5 shows net re50uices of £9,242 for the year. Reserves atnount to £16,652 of which nil lie in reslricled funds wmmitted 10 Splf1¢ purpose. Risk Managèmènt The trustees have assessed the major risks to which the charity is exposed, in particular those ielated to the operations and finances of the trust and are satisfied that systems are in place to mitigate the exposure to major risks. Dlrectors and Trustees All directors of the company are also trustees of the charity. There are no other trustees. All the trustees retire at the forthcoming Annual General Meeting but are eligible for re-appointment. The trustees may appoint a person as a trustee to fill a vacancy or to act as an additional trustee. This report is prepared in accordance with the speaal provision of the Companies Act 2008 relating to small companies. 27 Jun 2025 The report of the directors and trustee was approved by the board on .and signed on its behalf by.. D25, 10.-30aml A'Yhohy&er&'tfiA,, Page-2
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 ACCOUNTANTS REPORT TO THE TRUSTEESIMEMBERS OF IGBO UNION SOUTH YORKSHIRE The following repioduce5 the lexl of the report prepared for the directors in respect of the company's 8nNu81 unaudited finan¢ial 5t8tements, frorn whi¢h the accounts set out on pages 4 to 7 have been piepared. As described on the balance sheet you are responsible ft>i the prep8r8tion of the fin8nci81 stateTnents foi the year ended 30th September 2024 35 set out on page5 4 to 8 and you consider that the cotnp8ny is exempt from audit. In accordance with your instructions, we have compiled these unaudited financial statements in order tts assist you to fulfil your 5t8tutory respon5ibilitie5, from the accounting records and information and expl8n8tion5 SUPtAied to us. 2610612025 J.E Financial Chartered Accountants 7 Fairfeld Grove Rothwell Leeds LS26 OGA Page-3
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT Notes Uniestiicted Funds Restricted Funds Total Funds 2024 Incomlng Resources Activities in furtheranTr of the Charitls objects Grant Receivab knterest 29,2C6 29.206 159 159 Total Incoming Resources 29,365 29.365 Resources Expanded". Cost of activities in furtherance Of Charities objects Dit charitab ExperKlrture 20,123 20,123 ManageTr*nt & Administration rninistr8tive EvenUS8roic8s Hire Costs Account8ncy and professional fees Miscdlaneous 4,557 11,815 4.557 11.815 660 350 2.740 2,740 Total Resources Expended 20,123 20.123 N8t (Expenditurelllncome For the Yesr Total Funds at start of period 9,242 7,410 9,242 7,410 Total Funds 30th September 2024 16,652 16.652 Page-4
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 TH BALANCE SHEET AS AT 30 SEPTEMBER 2024 Notss 2024 X8d A558t5 Current Assets Bank Alc 17,002 Cash 17,002 17,002 13501 Creditors.. Amount falling due within one year Net Current Assets 16,652 Net A55etS Income Funds UnStriCted Income funds 16,652 Restricted Income fvnds Total Fund5 16,652 The company is entitled to exemption from audit under section 477 of the Companies Act 2008 for the year ended 30 September 2024. The Members have not required the company to obtain an audit of its finanaal statements for the year ended 30 September 2024 in accordance with Section 47e of the Companies Act 2006. The directors acknowledge their responsibilities for'.- Ensuring that the company keeps accounting records whith comply with Section 386 of the Companies Act 2006 and Preparing financial statements which give a true and fair view of the slate of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements ol the Companies Act 2008 to finanaal statements, so lar as applicable to the company. The accounts have been prepared in accordance with companies with the special provisions ol part 15 of the Companies Act 2006 relating to cornpanies subject to the small companies regime. 27 Jun 2025 Th8 fin8nci81 stat8tll8nts w81e 8ppioved by the Board of Directors on.....................8nd signed on its behalf by.. bl AFItR8hVg*8rl6V dhlF5, 10.30atnl Page-5
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 PRINCIPAL ACCOUNTING POLICIES These financial stslernen15 have been prepared under the historical c05t convention and in accordance with the applicable United Kingdorn Reporting Standards, the Charities Art 1993, and the Acwunting and Reporting by Charitie5-Statement of Recommended Practice ISORP 20051. Grants recenf8ble Grants rec8ivable Grants in ie5pect of revenue rtems are written off to the income and expenditure account In the peiiod to which they relate. Grants in iespect of specific projects are ciedited to a iestiicted fund, against which relevant expenditure is charged. Giants are not recognised as receivable until all conditions for ieceipt have been met. Where donor imposed restrictions apply to the timing of the related expenditure, as a pre-condition for its use, the grant Is treated as defeired income until thtsse restrictions ale met. Grants relating to fixed assets are credited to a restricted fund on the income and expenditure account from which amounts are released to revenue overthe same period as the depreciation period of the relevant assets. Dlrect charltsble expendSture This will comprise all expenditure relating direcuy to the objects of the tharity. Management and administrative expenditure This relates to expenditure inujrred on the day to day running of the charity and not directly on projects. Tangible fixed assets and depreciation T8ngible fixed assets are stated at cost less depreciation. Depreciation is calculated to wrrte down the cost of the fixed assets over their expected useful lives. The rates used are as followed:_ Fixtures 8nd Fittings Equiprllent Fund accounting 15 15 Slr3ighl Line straight Line Fund a¢¢ounting Funds held by ehaity are either".- Unrestricted funds These are funds which can be used in accordance with the charitable objectives at the discietion of the ttustees. Restricted funds- These are funds that can only be used for partiajlar restricted purposes wthin the objects of the charity Page-6
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 Notes to the Financial Statement for the Year Ended 30" September 2024 11 Grants re¢eivable No giant5 were received In the period. 21 Nèt laxpandituralllneomè for tha yèar This is stated after charging:_ 2024 Accountants remuneration 350 2bl Staff Costs and Numbers Salaries and Wages No employee earned more than £60000 per annum12024-nill. 31 Tangible Assets Equipment Furniture Total C05t Bfwd Co$t 30109124 Depieciatlon 8fvid Chargefor Year Depreclaiioncthd 30109124 NBVCrtvd 30109124 NBV Bfwd 41 Crèditors- Amounts falling du& within on* yèar 2024 Accruals & trade creditors 350 Page-7
IGBO UNION SOUTH YORKSHIRE TH Financial Statement for the Year Ended 30 September 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IGBO UNION SOUTH YORKSHIRE I report on the accounts of the company for the year ended 30 September 2024, which ale sel out on pages 1 to 7. RpeCtive respon¥ibilities of tru¥tee¥ and examiner The ttustees (who are real so the directors of the cornpany for the puipose5 of cotnpany lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43121 of the Charities Act 1993 (the 1993 Act) and that an independent ex8min8tion is needed. It 15 rny respon51bilty to". •Examine the accounts under section 43 of the 1993 Act", +To follow the procedures laid down in the general Directions given by the Charity Commission under section 43171 Ibl of the 1993 Act", and to state whether partiajlar matters have come to my attention. Basls of Independent examlnerfs report My exarnination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes are view ol the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentty no opinion is given as to whether the accounts present a 'true and fair view, and therefore is limited to those rnatters set out in the statement below. Independent examiner's statsment In connection with my examination. no matter has corne lo my altenlion.. 1.Which gives tne reason8ble cause lo believe th81 in any material respect the requirements.. To keep accounting records in accordance wlh Section 386 of the Cornpanies Act 2006,. and To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles ol the Accounting and Reporting by Charities-statement of Recommended Practice ISORP 2CQ51 have not been met.. or 2.To which, in my opinion, attention should be drawn in older to enable 8 propel understandin9 of the accounts to be reached. Joseph Egemole Dated".26106f2025 J.E Financial Chartered Accountants 7 Fairfield Grove Rothwell, Leeds LS26 OGA Page-8