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← The Igbo Welfare Union Glasgow

2026-01-31-accounts

REGISTERED CHARITY NUMBER: SC044517

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Igbo Welfare Union Glasgow

Alexander Wood Accountants & Co Limited 119 Renfrew Road Mirren Court One 1st Floor, Unit 4 Paisley PA3 4EA

Igbo Welfare Union Glasgow

Contents of the Financial Statements for the Year Ended 31 January 2026

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11

Igbo Welfare Union Glasgow

Report of the Trustees

for the Year Ended 31 January 2026

The trustees present their report with the financial statements of the charity for the year ended 31 January 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Igbo Union Activities 2025/2026

  1. Conduct General Meetings: Organize face-to-face general meetings five times annually to assess the progress of the Union and review the achievement of its goals and objectives.

  2. Talk Series and Awareness Campaigns: Organize a series of informative talks addressing critical issues such as social welfare, community involvement, housing, education, employment, health, culture, community resources, services, opportunities, the high cost of living, and strategies for sustaining family life.

  3. Member Empowerment: Facilitate professional development and career advancement opportunities to empower our members through upskilling programs.

  4. Children's Programs: Commit to the continuous development and empowerment of our children by sustaining and expanding our cultural dance programs and other childfocused initiatives.

  5. Youth Empowerment: Invest in and provide opportunities for the empowerment of our youth through structured youth programs that enhance leadership skills and community engagement.

  6. Guidance on Mortgages and Insurance: Guide our members on securing mortgages and life insurance to enhance their financial security and well-being.

  7. Secure Igbo House: Secure a dedicated Igbo House for use as a venue for meetings, training sessions, and other community activities.

  8. Community Food Bank: Establish a Food Bank to serve the wider community, promoting integration and providing essential support to those in need.

  9. Support for Older Adults: Organize visits to older adults within the community who are experiencing social isolation, offering companionship and support.

  10. Sporting Activities: Plan and organize sporting events for both adults and children, encouraging physical activity, community engagement, and healthy lifestyles.

  11. Annual Cultural Celebrations: Organize and host our annual New Yam Festival and Christmas events, celebrating Igbo culture and fostering unity within the community.

  12. Family Outdoor Activities: Coordinate family-friendly outdoor activities, promoting community bonding, well-being, and enjoyment for all age groups.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

SC044517

Principal address

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Page 1

Igbo Welfare Union Glasgow

Report of the Trustees

for the Year Ended 31 January 2026

Trustees

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Independent Examiner

Alexander Wood Accountants & Co Limited 119 Renfrew Road Mirren Court One 1st Floor, Unit 4 Paisley PA3 4EA Approved by order of the board of trustees on 5 March 2026 and signed on its behalf by:

Page 2

Independent Examiner's Report to the Trustees of Igbo Welfare Union Glasgow

Independent examiner's report to the trustees of Igbo Welfare Union Glasgow

I report to the charity trustees on my examination of the accounts of Igbo Welfare Union Glasgow (the Trust) for the year ended 31 January 2026.

Responsibilities and basis of report

As the charity trustees of the Trust you 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alexander Wood Accountants & Co Limited 119 Renfrew Road Mirren Court One 1st Floor, Unit 4 Paisley PA3 4EA

5 March 2026

Page 3

Igbo Welfare Union Glasgow

Statement of Financial Activities for the Year Ended 31 January 2026

31.1.26 31.1.25
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 21,368 41,988
Investment income 2 285 265
Total 21,653 42,253
EXPENDITURE ON
Other 16,822 36,239
NET INCOME 4,831 6,014
RECONCILIATION OF FUNDS
Total funds brought forward 15,773 9,759
TOTAL FUNDS CARRIED FORWARD 20,604 15,773

The notes form part of these financial statements

Page 4

Igbo Welfare Union Glasgow

Balance Sheet

31 January 2026

31.1.26
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
5
152
CURRENT ASSETS
Cash at bank
20,452
NET CURRENT ASSETS
20,452
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,604
NET ASSETS
20,604
FUNDS
6
Unrestricted funds
20,604
TOTAL FUNDS
20,604		 31.1.25
Total
funds
£
306
15,467
15,467
15,773
15,773
15,773
15,773

The financial statements were approved by the Board of Trustees and authorised for issue on 5 March 2026 and were signed on its behalf by:

The notes form part of these financial statements

Page 5

Igbo Welfare Union Glasgow

Notes to the Financial Statements for the Year Ended 31 January 2026

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 6

continued...

Igbo Welfare Union Glasgow

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

2. INVESTMENT INCOME

INVESTMENT INCOME
31.1.26 31.1.25
£ £
Deposit account interest 285 265

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2026 nor for the year ended 31 January 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2026 nor for the year ended 31 January 2025.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricte
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 41,988
Investment income 265
Total 42,253
EXPENDITURE ON
Other 36,239
NET INCOME 6,014
RECONCILIATION OF FUNDS
Total funds brought forward 9,759
TOTAL FUNDS CARRIED
FORWARD 15,773

Page 7

continued...

Igbo Welfare Union Glasgow

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

5. TANGIBLE FIXED ASSETS

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 February 2025 and
31 January 2026 614
DEPRECIATION
At 1 February 2025 308
Charge for year 154
At 31 January 2026 462
NET BOOK VALUE
At 31 January 2026 152
At 31 January 2025 306
6. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS
Net
movement At
At 1.2.25 in funds 31.1.26
£ £ £
Unrestricted funds
General fund
15,773		 4,831 20,604
TOTAL FUNDS
15,773		 4,831 20,604
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
21,653		 (16,822) 4,831
TOTAL FUNDS
21,653		 (16,822) 4,831

Page 8

continued...

Igbo Welfare Union Glasgow

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.2.24 in funds 31.1.25
£ £ £
Unrestricted funds
General fund 9,759 6,014 15,773
TOTAL FUNDS 9,759 6,014 15,773

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
42,253		 (36,239) 6,014
TOTAL FUNDS
42,253		 (36,239) 6,014
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.2.24 in funds 31.1.26
£ £ £
Unrestricted funds
General fund
9,759		 10,845 20,604
TOTAL FUNDS
9,759		 10,845 20,604

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 63,906 (53,061) 10,845
TOTAL FUNDS 63,906 (53,061) 10,845

Page 9

continued...

Igbo Welfare Union Glasgow

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2026.

Page 10

Igbo Welfare Union Glasgow
Detailed Statement of Financial Activities
for the Year Ended 31 January 2026
31.1.26 31.1.25
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 21,368 29,612
Grants - 12,376
21,368 41,988
Investment income
Deposit account interest 285 265
Total incoming resources 21,653 42,253
EXPENDITURE
Support costs
Management
Childbirth support 1,260 -
Printing &promotion - 1,344
Venue hire 600 2,957
Insurance 223 96
Welfare supports 3,963 13,575
Subscriptions - 122
Postage and stationery 286 2,130
Volunteer cost - 725
Language & dance training 1,293 2,290
Travelling 74 355
Event costs 8,469 11,991
16,168 35,585
Governance costs
Accountancy and legal fees 500 500
Depreciation of tangible fixed assets 154 154
654 654
Total resources expended 16,822 36,239
Net income 4,831 6,014

This page does not form part of the statutory financial statements

Page 11