Trustees’ Annual Report for the period
From 06/04/2022 Period start date To 05/04/2023 Period end date Charity name: The Ibadan Medical Specialists Group (IMSG) UK
Charity registration number: 1090030
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance education by offering funds, equipment and support to the College of Medicine, University of Ibadan, (COMUI) Nigeria. Improving the quality of medical training at COMUI. Encourage and support medical research in Ibadan. Encourage social interaction and professional support amongst Ibadan medical graduates. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Organise Fundraising activity – A charity walk. Recruitment of new members to increase income from membership subscriptions. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | I confirm that the trustees carried out their functions with due regards to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other
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Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Sponsored a number of indigent medical students by payment of needed tuition fees and upkeep allowance to ensure continuation of their education. Supported financially the University of Ibadan Medical Students’ Association (UIMSA) in organisation of educational activities like Quiz Competition, Essay Writing and other academic activities that enhance medical students learning. Sponsored the publication of Journal of Global Medicine (JOGM) made available to COMUI. Organised and sponsored IMSG Annual Educational Symposium at the COMUI in November. |
Additional information (optional) You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Due to fundraising activities the trustees are happy to report an increase in donations and legacies, which will fund our activities in years to come. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The IMSG's policy is to identify worthy projects which will further its stated objectives, and then embark on fundraising drives to pay for them. Any funds raised are disbursed as rapidly as is prudently possible, and reserves are therefore not usually retained. |
| Amount of reserves held | Para 1.22 | None |
| Reasons for holding zero reserves |
Para 1.22 | As already stated. |
| Details of fund materially in deficit |
Para 1.24 | There are no funds in deficit. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The charity is a going concern. |
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Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution adopted 6 March 1995 as amended 23 November 1996, 9 September 2000, 8 September 2001, 30 August 2003, 18 March 2017 and 30 November 2020. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | As an association |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Election of eligible members into the post every 2 years by all other members. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures Para 1.51 adopted for the induction and training of trustees The charity’s organisational Para 1.51 structure and any wider network with which the charity works Relationship with any related Para 1.51 parties Other
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Reference and Administrative details
| Charity name | The Ibadan Medical Specialists Group (IMSG) UK |
|---|---|
| Other name the charity uses | IMSG UK |
| Registered charity number | 1090030 |
| Charity’s principal address | 1 Pensom Court Ollerton Newark, Notts NG22 9BF |
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Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 |
Trustee name | Office (if any) | Office (if any) | Dates acted if not for whole **year ** |
Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|---|---|
| DrLanreOgunyemi | Ex-Officio | |||||
| DrTonye Wokoma | Financial Secretary | |||||
| MrBodeWilliams | Vice President | |||||
| MrBanji Adeyoju | President | |||||
| MrFunsoAdedeji | Education Secretary | |||||
| MrBiodun Abioye | General Secretary | |||||
| MrKolawoleAliyu | Assistant General Secretary |
|||||
| Corporate trustees–names of | the directors at the date the report was approved | |||||
| Director name | ||||||
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
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Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Dr Abel Adegoke | ||
Financial Secretary |
||
| 14/07/2024 | ||
| 14/07/2024 |
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of The Ibadan Medical Specialists Group On accounts for the year 05/04/2023 Charity no 1090030 ended (if any) Set out on pages 10 & 11
-
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05 / 04 / 2023 .
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Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 2011 Act and in carrying out my examination, I have followed the 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 which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 22/07/2024 Name: Michael Spencer Relevant professional AAT qualification(s) or body (if any):
Address: 65 Arnfield Road Manchester M20 4AG
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
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Give here brief details of None to report any items that the examiner wishes to disclose .
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| Charity Name | Charity Name | Charity Name | Charity Name | Charity Name | No (if any) | No (if any) | CC16a | ||
|---|---|---|---|---|---|---|---|---|---|
| The Ibadan Medical Specialists Group |
1090030 |
||||||||
| Receipts andpayments accounts | |||||||||
| For the period from |
Period start date | To | Period end date | ||||||
| 06/04/2022 | 05/04/2023 | ||||||||
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||
| to the nearest £ |
to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||
| Donations & legacies | 42,990 | - | - | 42,990 | 15,112 | ||||
| Investments | 17 | - | - | 17 | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) |
43,007 |
- | - | 43,007 | 15,112 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | - | - | - | ||||||
| - | - | - | - | - | |||||
| Sub total | - | - | - | - | - | ||||
| **Total receipts ** | 43,007 | - | - | 43,007 | 15,112 | ||||
| A3 Payments | |||||||||
| ~~R~~aisingFunds: UK Together Event | 2,240 | - | - | 2,240 | - | ||||
| ~~R~~aisingFunds: Dinner | 10,708 | - | - | 10,708 | 5,336 | ||||
| ~~C~~haritable Activities: Ibadan | 13,115 | - | - | 13,115 | 3,683 | ||||
| ~~C~~haritable Activities: Website | 1,882 | - | - | 1,882 | - | ||||
| ~~C~~haritable Activities: Accountant | 372 | - | - | 372 | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| **Sub total ** | 28,316 | - | - | 28,316 | 9,019 | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| - | - | - | - | ||||||
| - | - | - | - | ||||||
| **Sub total ** | - | - | - | - | - | ||||
| **Totalpayments ** | 28,316 | - | - | 28,316 | 9,019 | ||||
| Net of receipts/(payments) | 14,691 | - | - | 14,691 | 6,093 | ||||
| A5 Transfers between funds | - | - | - | - | - | ||||
| A6 Cash funds lastyear end | 40,688 | - | - | 40,688 | 34,595 | ||||
| Cash funds thisyear end | 55,380 | - | - | 55,380 | 40,688 |
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Section B Statement of assets and liabilities at the end of the period
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Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash at bank and in hand 55,380 - -
- - -
- - -
Total cash funds 55,380 - -
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B3 Investment assets - -
- -
- -
- -
- -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on Date of
behalf of all the trustees Signature Print Name approval
Dr Abel Adegoke 21/07/2024
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