NIGERIA HEALTH CARE PROJECT
CHARITY REGISTRATION NUMBER 1112932
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG
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NIGERIA HEALTH CARE PROJECT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
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Page
Legal and Administrative Information 3
Trustees' Report 4 to 5
Independent Examiner's Report on the Accounts 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 to 14
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NIGERIA HEALTH CARE PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1112932
WORKING NAMES
WORKING NAMES NHCP START OF FINANCIAL YEAR 01 April 2025 END OF FINANCIAL YEAR 31 March 2025 TRUSTEES AT 31 MARCH 2025 Mrs Alison Redmore - Chair of Trustees Miss Jennifer Benfield Rev Michael Meachin Mr Timothy Rogers Dr Paula Dawson Rev Dr Jennifer Hunter-Smith Mr Chiemela Nwagbara Dr David Cundall Mr David Laycock Mrs Susan Solanke Mrs Helen Onilado Mrs Clare Meachin Mrs Olufisayo Sotire Mr Olajide Majekodumni Dr Oluwasomidotun Olumayowa Idowu
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
GOVERNING INSTRUMENT Declaration of Trust dated 29th December 2005.
REGISTRATION DATE
6th February 2006: Standard registration
OBJECTS
To promote any charitable purpose, for the benefit of persons living in Nigeria, which will assist in providing particularly but not exclusively, health care services and facilities.
CORRESPONDENCE ADDRESS
1 Gledhow Park Road Leeds LS7 4JX
BANKERS
Barclays Bank Plc Leicester Leicestershire LE87 2BB
INDEPENDENT EXAMINER
Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG
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NIGERIA HEALTH CARE PROJECT TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025
Additional governance issues:
Methodist Church Nigeria provides information and advice about health facilities that we support. Other information and advice is provided, from time to time, by the Global Relationships Team, Methodist Church in Britain.
The major risk is the misappropriation of funds in Nigeria, this is minimised by the maintenance of audit trails for funds sent via Methodist Church Nigeria to the places we support. Funds are distributed through Methodist Church Nigeria; each centre is required to present an annual report including a financial report as a condition of further funding.
Revised templates for annual and financial reports from centres, agreed jointly with Methodist Church Nigeria in November 2023, have proved useful in helping our Nigerian colleagues to report back in a consistent way and to think strategically as funding from NHCP continues to reduce.
Objectives and activities
Charitable Objects:
To promote any charitable purpose, for the benefits of persons living in Nigeria, which will assist in providing particularly, but not exclusively, health care services and facilities.
Aims:
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To support the local Methodist Church Nigeria leadership in providing health care facilities and trained personnel in areas of Nigeria which have poor or non-existent services as an expression of our common Christian love and discipleship
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To work with the Nigerian diaspora to raise awareness and funds for the above cause
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To work with the World Church Relationships Team of the Methodist Church in Britain to continue a creative partnership with Methodist Church Nigeria
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To be good stewards of our financial resources
Objectives:
The same objectives as for 2023-24 were pursued. These were:
a. Raise the profile of NHCP and build a strong online presence for NHCP
b. Focus on primary healthcare
c. Build effective working and communication partnerships between all stakeholders
- d. Continue our focus on healthcare education and training
In addition, and underpinning all of these, has been a greater focus on monitoring and evaluation, both within NHCP's work in the UK and in our partnerships with Methodist Church Nigeria and its health facilities and health training institutions.
Activities:
a. A little progress has been made in raising our profile and building a strong online presence. This has been mainly due to the limited capacity of the trustees. We have not been able to recruit someone to develop and implement a social media strategy; this remains a priority. However, NHCP has paid for one of our trustees to join the Medical Association for all Nigerians in Great Britain (MANSAG) with the aim of raising our profile with the main organisation for health care professionals of Nigerian heritage working in the UK.
b. The focus on primary health care has continued and is best evidenced by NHCP's commitment to, and investment in, the Methodist College of Health Technology, Ebenta-Okwokwu which trains primary health care workers. Their students continue to perform well in national examinations and the College is recognised as a pioneer of e-learning.
People's health is precarious and healthcare is difficult to deliver safely without an adequate supply of clean water so NHCP was pleased to receive an anonymous donation of £40,000 to be used specifically for an effective water supply for the Health and Restoration Centre for Psychiatric Illness at Agboke and the neighbouring community of Ohimini. It took over six years from the initial contact about a potential donation to the successful completion of the project. The delay was partly due to Covid pandemic but mainly due to ensuring that the most appropriate technology was used and that a competent local management committee, with correct oversight from the local and national church was in place.
c. MCN Health Dept agreed to the establishment of linkages between small groups of trustees and small groups of centres (typically two of each) which should improve trustee engagement in the UK and the connectedness between centres in Nigeria and their linked trustees. One such linkage was implemented in 2024-5, with a pairing of the two mental health centres we support at Edawu and Agboke.
d. Focus on education and training
The highlight of this reporting year was the successful delivery of Helping Babies Breathe training by the Primary Health Care authorities of Abia State, 27th-31st January 2025. A total of 184 qualified health workers from all 17 local government areas of the State were trained. The lead local training coordinator, Mrs Felicia Fechi Ujah, who volunteers her time for NHCP-inspired training, was central to the successful outcomes of this programme. She was joined by Dr Joseph Onah, lead local training coordinator from Benue State, who travelled a long distance and used his own time to support the programme.
NHCP contributed equipment - 100 bag/valve/masks - funded by Matlock Rotary Club and transported to Abia State by NHCP trustees and their relatives. We were very encouraged that such a large-scale programme was delivered with NHCP's two lead local training coordinators as the key clinical leaders of the programme.
A failure to produce annual reports from one centre for 2022-23 and 2023-24 led to NHCP reporting this as a serious incident to the Charity Commission on 17.09.2024. This was investigated as fully as possible by Methodist Church Nigeria who found no evidence of diversion of funds and reported that it was a failure of reporting due to rapid staff turnover.
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NIGERIA HEALTH CARE PROJEcr TRUSTEES At4NUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31st MARCH 2025 i}Fund-raisin9: NHCVS tradlOnal fvndiog base {pred0tRateIY i#dkviduaLfi. chLtrche5 and Wesley Guilds) Continues tti reduce ifi number with a consequent redUth( in avaiL4ble funds for revertue fijnding. NHCP contir¢ues to re1ve legaCS from the estates of preVv5 SUPPQrter5 and of these fvnts a used to svpwrt infra$tWCiu pmjects in Nfjgeri 11 Allocation of fvnijs ¢Jec¥Jed in partnew5hip with Methodisl ChuTch Nww8'5 Hea DepaTtynent. Gtsnts are used by the vartous centres to.. a. Facilitate tlkYng proorammes b. Facllitate purchase of rnedal equTrpnt ¢. FuTrd medi¢al and support staff d. Provide support for the rnenialty i e. Purchase meOIcTnes f. Faolitate inspettH)ns of facilibes by the Mediol 806ril of Meththli# Cthurth Nria g. Provlde health c3re edttcation iii) Collabordtive learning health WOTker5 in Nigerla. Iv) Improvlng the understanding of Nigea and its health rAre needs by ralks. leanets. corAden and vk4 the charlty's WebSe. v) Encouraging a wider national neiwork of peop to [05p2T thi5 work. Of the ffteen trustees. slx are 8rttlsh Nigerians and elght are women. We have not asked trustees abovt their sexual orientation. Flnanclal Revlew: The Charity oDntinues to be viab. witti generous donatN)ns ftom our supy)rter5 and some b¥uests. however the regular income is reducing due tt> the continued reduction in contributtons frD¥n indNidua15, member5 of weeY Guilds and The Assock4tion of Friends and therefore Glft aid accredfted to these donations. The Trustees have been made aware that decisions on future Funding will have to be considered if the redurtx)n in gtfts coTrtsnves. A visit by two Trustees to Nigeria En November 2023 was achieved with the charity also funding the travel and expens of Projett delegates to Lagos. IThis was Oue to the resrficted travel pL4ced on our trustees by The Meihodlst Church NlgerSa for safety reasons). A Monitorillg and Evaluation WOFkshop was set vp to fvrther help projects account for the thatTtable grants sent. A coliabofative approach to develop a revksed pro-fortna for annual [M)rtS and accounts W35 Well-reIved and ha5 resulted in better accounting from the majonty of centres su0ed by NHCP. Unstricted year-end baknce was £44.574. The Charity aims to send an annval Grant to ihe sUppted ntreS which varies depending upon the donations received fft the year. The aim ts to pmvK1e a sum to the valuÈ of around £22.000 for sthff salaries made up from donations by the ASKiat)Tr of Friends and the Unrestrthd Fund. this currently 15 achsevabse ft>r the next iwo financial yeoF5. Trustee$. Responslbllltles The Charities Art 2011 requires the tnjstees to prepare finandèl statements for each financial year which ptEsents a twe and fair view of the state of affairs of the Charty and of the surplLS of the for that petioo. In pparing those financhil statefflents the tTU5tees are required to- l) Select suitable accounting policies and apply them consstenvy ii) Make judgements and ethmates that are reasonable and PTudent iii) Prepare financial statements OD the gokng COnM bass unkss 6t L% InaprKwrlate to presume that the tnjst will conttnue in exkstence. The Trustees are re5wn5ible for keeping proper accounting record5. whsch di5dose with reasonable accurdLy at any tirnE the financial po*tyon of the Charrty- They are also reswJrtsiNe for safeguarding the assets of the Charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud awwj other irrEgubTibe5. l approve the attached thtemenr of financial athvtties and baLAn sheet and confirm that I have made available all , information [essary for tts preparation. Approved by the Trnstees on... Sigtied on their behalf by Try5tee . Printed Name:
NIGERIA HEALTH CARE PROJECT
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025
Report to the trustees/ members of Nigeria Health Care Project on the accounts for the year ended 31st March 2025 set out on pages 7 to 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities 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 Charities 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 Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the 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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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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; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Zita Derbak
Independent Examiners Ltd The Grain Store Sign: Hills Barns Lob Appledram Lane South Chichester, West Sussex Date: 05.11.2025 PO20 7EG
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NIGERIA HEALTH CARE PROJECT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2025
| Notes INCOMING RESOURCES Donations & Legacies 3a Investment Income 3b Charitable Activities 3c TOTAL INCOMING RESOURCES PAYMENTS Costs of Charitable Activities 4 NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward Opening Balance Adjustment 5 BALANCES CARRIED FORWARD TRANSFERS BETWEEN FUNDS RESOURCES EXPENDED NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: |
Unrestricted Restricted Total Total Funds Funds 2024/25 2023/24 £ £ £ £ 28,852 10,117 38,969 90,213 2,556 - 2,556 3,426 14 - 14 200 31,422 10,117 41,539 93,838 38,309 15,700 54,009 76,510 38,309 15,700 54,009 76,510 (6,887) (5,583) (12,470) 17,328 - - - - (6,887) (5,583) (12,470) 17,328 4,962 83,672 88,634 71,306 46,500 -46,500 - - 44,574 31,589 76,163 88,634 |
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Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing.
The notes form part of these financial statements, found on pages 9 to 14
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NIGERIA HEALTH CARE PROJEcr BALANCE SHEEr FOR THE YEAR ENDED 31st MARCH 2025 Yotri 31-Mar-25 Fund Fund Jl-Mar-24 Notes Tan9ible Assets Investment Assets Current Assets Debtors & Prepayments Cash at bank and In hand 45,474 31.589 77,063 89,516 Total Cu*rettt Assets 45.474 31.589 77.063 89,516 Credltrlrs: amDunts fallivg ijue within one year 900 CURRENT ASSErs 44.574 31,589 76.163 88,634 TOTAL ASSEfs less current lbIlitIeS 44.574 31.589 76.163 88.634 Creditors: arnounts falling due in mo io ASSEfS 44,574 31,589 76,163 88,634 FUNDS OF THE CHA General Funds Restricted fiJnd5 44.574 44.574 31,589 4,962 83,672 31.589 TOTAL FUND5 4474 31.589 76,163 88.634 Approved by the Tmstees on ..... Signed on their behalf by Trustee ..-..- Printed Name: w,J CVNA>>Pf
NIGERIA HEALTH CARE PROJECT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the tax reclaim is received.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts and is described in the Trustees' Report.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements.
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NIGERIA HEALTH CARE PROJECT
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (continued) Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Fund Accounting
Funds held by the charity are either:
1. Unrestricted funds
These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees.
2. Restricted funds
These are funds that can only be used for particular restricted purposes within the objects of the charity.
3. Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Equipment at 25%
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
2. TANGIBLE FIXED ASSETS
The Charity held no fixed assets investments during this or the previous financial period.
This page does not form part of the statutory financial statements
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NIGERIA HEALTH CARE PROJECT
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2025
| 3. INCOMING RESOURCES Note c) Incoming from Charitable Activities 4. EXPENDITURE Note Charitable Activities:- Miscellaneous Expenditure Mollie Huggins Bequest Governance costs: Gift Aid Grants (to other charities) Insurance Independent Examiner Fee MCN Project Agboke water project Travel Miscellaneous Income Personal - Association of Friends Personal - Others Interest DR MacDonald Bequest Ebenta College (Grants) Edawa (Accept) Murial Frampton Bequests b) Investment Income Interest and Loyalty Awards Association of Friends (Grants) Bank charges Income from sales a) Donations & Legacies Donation income |
Unrestricted Restricted Total Total Funds Funds 2024/25 2023/24 £ £ £ £ 12,620 - 12,620 59,121 1,722 - 1,722 3,067 - - - 32 - 10,117 10,117 10,590 14,510 - 14,510 17,403 28,852 10,117 38,969 90,213 2,556 - 2,556 3,426 - - - - 2,556 - 2,556 3,426 14 - 14 200 14 - 14 200 Unrestricted Restricted Total Total Funds Funds 2024/25 2023/24 £ £ £ £ - 10,500 10,500 10,000 44 - 44 196 - 5,200 5,200 - - - - 18,000 - - - - - - - - - - - - 25,568 - 25,568 21,500 - - - 394 3,787 - 3,787 1,377 7,782 - 7,782 - - - - 20,000 - - - 4,162 1,128 - 1,128 882 38,309 15,700 54,009 76,510 |
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This page does not form part of the statutory financial statements
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NIGERIA HEALTH CARE PROJECT
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
5. RESTRICTED FUNDS
| Association of Friends Training Fund Travel Fund Muriel Frampton Bequest Dr. MacDonald Bequest Mollie Huggins Bequest Agboke water project CURRENT FINANCIAL YEAR** |
Balance Balance 01-Apr-24 Income Expenditure Transfer 31-Mar-25 £ £ £ £ £ 6,927 - 10,117 (10,500) - 6,544 2,580 - - - - 2,580 2,889 - - - - 2,889 21,840 (6,000) - - - 15,840 8,936 - - (5,200) - 3,736 28,000 (28,000) - - - - 12,500 (12,500) - - - - 83,672 (46,500) 10,117 (15,700) - 31,589 Opening Balance adj |
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*Muriel Frampton Bequest: An adjustment of £6,000 has been made to this fund's closing balance at 31.03.2024 due to the misallocation of expenditure that were allocated to the general fund in the previous financial year.
**Mollie Huggins fund: due to clerical error in the prior years this fund has been reflected in the annual accounts as restricted funds, while the donor specified no purpose for this fund so can be spent as the trustees see fit without any restriction. Therefore an adjustment of £21,840 has been made to be included in the general fun form the 24/25 account moving forwards.
***Agboke water project: An adjustment of £12,500 has been made to this fund's closing balance at 31.03.2024 due to the misallocation of expenditure that were allocated to the general fund in the previous financial year.
| Association of Friends Training Fund Travel Fund Muriel Frampton Bequest Dr. MacDonald Bequest Ebenta Appeal Mollie Huggins Bequest Agboke water project PREVIOUS FINANCIAL YEAR |
Balance Balance 01-Apr-23 Income Expenditure Transfer 31-Mar-24 £ £ £ £ £ 6,337 10,590 (10,000) - 6,927 80 - - 2,500 2,580 3,145 3,589 (3,845) - 2,889 24,840 - - (3,000) 21,840 8,936 - - - 8,936 - - (18,000) 18,000 - 28,000 - - - 28,000 - 20,000 (20,000) 12,500 12,500 71,338 34,179 (51,845) 30,000 83,672 |
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NIGERIA HEALTH CARE PROJECT
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
5. RESTRICTED FUNDS (Continued)
GRANTS CURRENT FINANCIAL YEAR
| CENTRE Agboke-Centre for Mentally ill Bethesda Hospital Bethesda Orphans Ebenta School of Health Technology Edawu Community Mental Health Care Igbo-Ora MCN Health Department Royal Cross Hospital Uzakoli Leprosy centre MBH TOTAL |
General Total 2024/25 £ £ £ 2,625 1,125 3,750 750 1,500 2,250 3,750 1,500 5,250 11,150 3,000 14,150 7,825 1,125 8,950 - 2,250 2,250 1,500 - 1,500 5,200 - 5,200 3,500 - 3,500 2,250 - 2,250 38,550 10,500 49,050 Association Of Friends |
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| GRANTS PREVIOUS FINANCIAL YEAR CENTRE Agboke-Centre for Mentally ill Bethesda Hospital Bethesda Orphans Ebenta School of Health Technology Edawu Community Mental Health Care Igbo-Ora Item Hospital Northern Health Centres - Damishi, Kamuru, Galadima Ugboju hospital Uzakoli - Motherless Babies TOTAL |
General Total 2023/24 £ £ £ 1,750 750 2,500 500 1,000 1,500 2,500 1,000 3,500 500 2,000 2,500 1,750 750 2,500 - 1,500 1,500 750 750 1,500 2,000 1,500 3,500 750 750 1,500 1,500 - 1,500 12,000 10,000 22,000 Association Of Friends |
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NIGERIA HEALTH CARE PROJECT
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2025
6. INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| Bank Current Account Bank Deposit Account Central Finance Board |
Unrestricted Restricted Total Total Funds Funds 31-Mar-25 31-Mar-24 £ £ £ £ 44,513 44,513 659 - 20,623 20,623 26,690 961 10,966 11,927 62,167 45,474 31,589 77,063 89,516 |
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8. DEBTORS AND PREPAYMENTS
The Charity held no Debtors during this or the previous financial period.
9. CREDITORS AND ACCRUALS AMOUNTS FALLING
DUE WITHIN ONE YEAR
| Independent Examiner's Fee | Unrestricted Restricted Total Total Funds Funds 31-Mar-25 31-Mar-24 £ £ £ £ 900 - 900 882 900 - 900 882 |
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10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial period.
11. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial period.
12. TRUSTEES AND OTHER RELATED PARTIES
Two trustees received a total of £367 to be reimbursed for their out of pocket expenses regarding travel and hospitality cost.(2024:£13,661)
No material transaction took place between the organisation and a trustee or any person connected with them in this period. (2024: Nil)
13. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
14. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
15. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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