UH REAL ESTATE INVESTMENT TRUST

(formerly)

UNION HOMES REAL ESTATE INVESTMENT TRUST

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER, 2022

UH REAL ESTATE INVESTMENT TRUST

(formerly)

UNION HOMES REAL ESTATE INVESTMENT TRUST

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER, 2022

CONTENTS

PAGE

Fund Manager, Professional Advisers etc

1

Statement of Fund Manager's responsibilities

2

Statement of Trustees' responsibilities

3

Report of Fund Manager

4

Report of the Trustee

9

Certification of the Accounts by Directors of the Fund Manager

11

Report of the Independent Auditor

12

Statement of Comprehensive Income

15

Statement of Financial Position

16

Statement of Changes in Equity

17

Portfolio Statement

18

Statement of Cashflows

19

Notes to the Financial Statements

20

Statement of value Added

41

Five-Year Financial Summary

42

Page | 1

FUND MANAGER, PROFESSIONAL ADVISERS ETC

Directors of the Fund Manager:

Dr. Layi Fatona

-

(Chairman)

Mr. Patrick Ilodianya

-

(Managing Director/CEO)

Dr. Yemi Kale

-

(Non-Executive Director)

Mr. Yemi Gbenro

-

(Non-Executive Director)

Mr. Dimeji Sonowo

-

(Executive Director)

Fund Manager:Trustee to the Fund:Custodian:

SFS Capital Nigeria Limited, Plot 287, Ajose Adeogun, Victoria Island,

Lagos.

United Capital Trustees Limited, 3rd & 4th Floor, Afriland Towers, 97/105, Broad Street,

Lagos.

UBA Global Investor Services, UBA House (11th Floor),

57, Marina, Lagos.

Registrar:

Greenwich Registrars & Data Solution, 274, Murtala Muhammed Way, Alogomeji, Yaba,

Lagos.

Auditors:

Bakertilly,

(Chartered Accountants),

Kresta Laurel Complex (4th Floor), 376, Ikorodu Road,

Maryland,

Lagos.

Bankers:

United Bank for Africa Plc Polaris Bank Nigeria Limited

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UHREIT published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 10:08:10 UTC.