Charity registration number: 1077899
Medical Association Of Nigerians Across Great Britain known as MANSAG
Annual Report and Financial Statements for the Year Ended 31 October 2021
Whitnalls
Trident House 105 Derby Road Liverpool L20 8LX
Medical Association Of Nigerians Across Great Britain
Contents
| Trustees' Report | 1 to 2 |
|---|---|
| Statement of Trustees' Responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 11 |
Medical Association Of Nigerians Across Great Britain
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 October 2021.
Objectives and activities
Objectives and aims
The objectives of the charity are to promote the benefit of the public and in particular but not exclusively, Nigerian people living in the British Isles by associating together such people and the local authorities and other organisations in a common effort to relieve poverty and sickness, and to advance education and to provide facilities for recreation and leisure-time occupation with the objectives of improving the conditions of lives of the said people.
Financial review
Policy on reserves
It is the policy of the trustees to maintain unrestricted funds, which are free reserves of the charity, at a level which equates to a minimum of six months unrestricted expenditure. This provides sufficient funds to cover management and administration costs.
Investment policy and objectives
According to its constitution the trustees have powers to invest any funds or property of the charity subject to any consents required by law or by the Charities Commission.
Structure, governance and management
Nature of governing document
The charity does not have a share capital and is an unincorporated association registered with the Charity Commission on 22nd October 1999. The liability of the trustees is unlimited in the event of winding up.
Organisational structure
The executive committee who are also the Trustees approve the policy for the organisation. The Executive Committee meet regularly to review its policies and organize biannual conferences. The day to day financial management of the charity is delegated to the Treasurer and Financial Secretary.
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Medical Association Of Nigerians Across Great Britain
Trustees' Report
Reference and Administrative Details
Trustees Dr C. Agbo, President Dr M. Nosa-Ehima, Secretary Dr A Jaiyesimi, Financial Secretary (appointed 9 October 2021) Mrs D. Apakama, Financial Secretary (appointed 9 October 2021) Dr K Enohumah, Publicity Secretary (appointed 9 October 2021) Dr O. Ilozue, Social & Welfare Secretary Dr A Odeleye, Junior Doctors Rep (appointed 9 October 2021) Mr C Okuonghae, AHP Representative (appointed 9 October 2021) Dr A. E. Oboh (resigned 9 October 2021) Dr C. Agwu (resigned 9 October 2021) Mr I. I. Bolaji (resigned 9 October 2021) Mr O. D. Adeniyi (resigned 9 October 2021) Dr T. Wokoma (resigned 9 October 2021) Charity Registration Number 1077899
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Medical Association Of Nigerians Across Great Britain
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 17 March 2023 and signed on its behalf by:
......................................... Dr C. Agbo Trustee
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Medical Association Of Nigerians Across Great Britain
Independent Examiner's Report to the trustees of Medical Association Of Nigerians Across Great Britain
I report on the accounts of the charity for the year ended 31 October 2021 which are set out on pages 5 to 11.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes 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 consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...................................... Paul Flynn FCCA Trident House 105 Derby Road Liverpool L20 8LX
23 March 2023
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Medical Association Of Nigerians Across Great Britain
Statement of Financial Activities for the Year Ended 31 October 2021
| Note Income and Endowments from: Donations and legacies 2 Expenditure on: Raising funds 3 Other expenditure 4 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 8 Note Income and Endowments from: Donations and legacies Expenditure on: Raising funds 3 Other expenditure 4 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 8 |
Unrestricted funds £ 13,051 (2,569) (4,401) (6,970) 6,081 44,984 51,065 Unrestricted funds £ 22,923 (10,152) (3,000) (13,152) 9,771 35,213 44,984 |
Total 2021 £ 13,051 (2,569) (4,401) |
|---|---|---|
| (6,970) | ||
| 6,081 44,984 |
||
| 51,065 | ||
| Total 2020 £ 22,923 (10,152) (3,000) |
||
| (13,152) | ||
| 9,771 35,213 |
||
| 44,984 |
All of the charity's activities derive from continuing operations during the above two periods.
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Medical Association Of Nigerians Across Great Britain
(Registration number: 1077899) Balance Sheet as at 31 October 2021
| Note Current assets Cash at bank and in hand Creditors: Amounts falling due within one year 7 Net assets Funds of the charity: Total unrestricted funds Total funds 8 |
2021 £ 55,453 (4,388) 51,065 51,065 51,065 |
2020 £ 46,937 (1,953) |
|---|---|---|
| 44,984 | ||
| 44,984 | ||
| 44,984 |
The financial statements on pages 5 to 11 were approved by the trustees, and authorised for issue on
17 March 2023 and signed on their behalf by:
......................................... Dr C. Agbo Trustee
......................................... Dr A Jaiyesimi Trustee
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Medical Association Of Nigerians Across Great Britain
Notes to the Financial Statements for the Year Ended 31 October 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Medical Association Of Nigerians Across Great Britain meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
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Medical Association Of Nigerians Across Great Britain
Notes to the Financial Statements for the Year Ended 31 October 2021
2 Income from donations and legacies
| Subscriptions | Unrestricted funds General £ 13,051 13,051 |
Total 2021 £ 13,051 13,051 |
Total 2020 £ 22,923 |
|---|---|---|---|
| 22,923 |
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Medical Association Of Nigerians Across Great Britain
Notes to the Financial Statements for the Year Ended 31 October 2021
3 Expenditure on raising funds
a) Costs of trading activities
| Note Events and conferences Allocated support costs b) Investment management costs Note Finance charges; Bank charges 4 Other expenditure Accountancy fees Legal fees Sundry expenses |
Unrestricted funds General £ 2,257 216 2,473 Unrestricted funds General £ 96 96 Unrestricted funds General £ 1,500 100 2,801 4,401 |
Total 2021 £ 2,257 216 2,473 Total 2021 £ 96 96 Total 2021 £ 1,500 100 2,801 4,401 |
Total 2020 £ 3,825 6,266 |
|---|---|---|---|
| 10,091 | |||
| Total 2020 £ 61 |
|||
| 61 | |||
| Total 2020 £ 1,560 600 840 |
|||
| 3,000 |
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Medical Association Of Nigerians Across Great Britain
Notes to the Financial Statements for the Year Ended 31 October 2021
5 Net incoming/outgoing resources
Net incoming resources for the year include:
| Accountancy Fees Finance charges payable 6 Taxation The charity is a registered charity and is therefore exempt from taxation. 7 Creditors: amounts falling due within one year Accruals 8 Funds Balance at 1 November 2020 £ Incoming resources £ Unrestricted funds General (44,984) (13,051) |
2021 £ 1,500 96 2021 £ 4,388 Resources expended £ 6,970 |
2020 £ 1,560 61 |
|---|---|---|
| 2020 £ 1,953 |
||
| Balance at 31 October 2021 £ (51,065) |
9 Analysis of net assets between funds
| Current assets Current liabilities Total net assets |
Unrestricted funds General £ 55,453 (4,388) 51,065 |
Total funds £ 55,453 (4,388) |
|---|---|---|
| 51,065 |
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Medical Association Of Nigerians Across Great Britain
Notes to the Financial Statements for the Year Ended 31 October 2021
| 10 Analysis of net funds At 1 November 2020 £ Cash at bank and in hand 46,937 Net debt 46,937 |
Cash flow £ 8,516 8,516 |
At 31 October 2021 £ 55,453 |
|---|---|---|
| 55,453 |
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