Draft Financial Statements at 28 July 2022 at 09:47:59
Charity registration number 1166021
MATERNAL AID ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dr A Jaigirdar |
|---|---|
| Miss F Jaigirdar | |
| Dr U Haroon | |
| Charity number | 1166021 |
| Principal address | 23 Angelbury House |
| Talbot Road | |
| Wessex Gardens | |
| London | |
| W2 5LE | |
| Independent examiner | Tony Beale |
| Silver Levene (UK) Limited | |
| Chartered Certified Accountants | |
| 37 Warren Street | |
| London | |
| W1T 6AD |
Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 9 |
Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their annual report and financial statements for the year ended 30 September 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "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
The Charity's objectives are carried out for the public benefit. The trustees confirm that they have paid due regard to the public benefit guidance published by the Charity Commission. The Charity refers to the public benefit guidance when reviewing and setting its aims and objectives and in future planning.
During the last 16 months, the SARS-Cov2 (COVID-19) global pandemic has provided significant challenges in both fundraising and project delivery. Due to the rapid spread of COVID-19 and the evolution of safety measures, including travel restrictions and social distancing rules, MAA’s charitable efforts were impacted, along with the rest of the charity sector. The uneven and unpredictable global climate forced a complete standstill on many of our charitable activities. However, MAA used this opportunity to develop our online presence and pivoted to online-only fundraising, through which MAA maintained a steady fundraising income to manage expenditure and emergency aid delivery packages to mothers in rural areas.
Maternal Aid Association (MAA) has devised a primary healthcare model to revolutionise maternal healthcare in rural Bangladesh, known as the Hub-Spokes (HS) model. The HS model has been designed to educate a population, specialise the workforce and connect rural communities to a healthcare system. The main aims are to bring together a fragmented health system; access the remote and resource-poor populations, and add practical innovation and essential targeted resources to the field. To achieve this, MAA aims to reduce the delays pregnant women experience in a) deciding to seek care, b) reaching care and c) receiving adequate healthcare, as highlighted in the Three-delay model. Through targeting these areas, MAA aims to improve maternal health outcomes and ultimately allow the HS to serve as a blueprint for a model that can be replicated throughout the developing world, in similar resource-poor and remote settings.
Achievements and performance
Our newly launched MAA clinic acts as the ‘hub’; it is an external clinic that will be utilised by MAA’s specialised doctors who have completed an intensive training programme, delivered by the Royal College of Obstetrics and Gynaecologists (RCOG) in Bangladesh and recognised by the RCOG UK. The primary role of MAA doctors in the HS model is to identify, manage and/or refer high-risk pregnancy cases. They will provide comprehensive antenatal care (ANC) at the clinic on a fortnightly basis to high-risk women. By continuously monitoring women during pregnancy, the doctors are able to identify those who need to be rapidly referred to a hospital for secondary and tertiary level care. The MAA clinic is therefore essential in the delivery of adequate healthcare and also facilitates the referral and transportation of women to secondary or tertiary health centres, addressing both the delays in reaching and receiving care, and subsequently preventing maternal mortality and morbidity.
Each component of the HS model addresses different elements of the three-delay model, providing an efficient and effective approach to the delivery of maternal healthcare and maternal education in resource-poor settings. With the successful implementation of the HS model, MAA aims to improve maternal and neonatal health outcomes in Bangladesh.
The COVID-19 global pandemic encouraged us to consider an alternative approach to establishing the OneMaa model. Instead of shorter healthcamps, we successfully launched a full time, 7 days-a-week maternal health clinic which serves a catchment population of thousands of women, despite the pressures of the pandemic. In the coming year, we will work to ensure that further funding can be secured to allow us to fulfil current initiatives and take on new opportunities.
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
Financial review
During the period the Charity received donations of £57,162 and spent £30,518 in furtherance of its objects.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is an Incorporated Organisation governed by its constitution.
The trustees who served during the year and up to the date of signature of the financial statements were:
Dr A Jaigirdar Miss F Jaigirdar Dr U Haroon
Trustee vacancies should be advertised, however existing trustees are encouraged to put forward names for consideration. New trustees are then appointed by majority consensus.
Trustees will serve for a three year period before being eligible for re-election. A trustee will be appointed to liaise with professional advisors to discuss financial issues and be responsible for advising the Board of Trustees on financial matters.
The board of trustees administers the Charity and comprises of three members who meet as and when required.
There is a process in place to induct new trustees who are given an overview of the charity and the context within which it operates. This covers:
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the obligations of trustees;
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the main documents which set out the operational framework for the charity including the constitution;
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resourcing the current financial position as set out in the latest published accounts;
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future plans and objectives
The trustees' report was approved by the Board of Trustees.
..............................
Dr A Jaigirdar
Trustee Dated: .........................
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MATERNAL AID ASSOCIATION
I report to the trustees on my examination of the financial statements of Maternal Aid Association (the charity) for the year ended 30 September 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
...............................
Tony Beale
Silver Levene (UK) Limited Chartered Certified Accountants 37 Warren Street London W1T 6AD
Dated: .........................
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Unrestricted Unrestricted funds funds 2021 2020 Notes £ £ |
Unrestricted Unrestricted funds funds 2021 2020 Notes £ £ |
Unrestricted Unrestricted funds funds 2021 2020 Notes £ £ |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Income from: | ||
| Donations and legacies 3 |
57,162 | 137,066 |
| Expenditure on: | ||
| Charitable activities 4 |
44,960 | 59,556 |
| Net income for the year/ | ||
| Net movement in funds | 12,202 | 77,510 |
| Fund balances at 1 October 2020 | 95,899 | 18,389 |
| Fund balances at 30 September 2021 | 108,101 | 95,899 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2021 Company Registration No. CE006904
| Notes Current assets |
2021 | 2020 | ||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| 816 109,265 110,081 (1,980) |
108,101 108,101 108,101 |
816 96,703 97,519 (1,620) |
||
| Debtors 8 |
||||
| Cash at bank and in hand Creditors: amounts falling due within one year 9 |
||||
| Net current assets | 95,899 | |||
| Income funds | ||||
| Unrestricted funds | 95,899 | |||
| 95,899 |
The financial statements were approved by the Trustees on .........................
.............................. Dr A Jaigirdar Trustee
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
Charity information
Maternal Aid Association is a charitable trust.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The UK economy is currently facing unprecedented uncertainty about the impact of the COVID-19 pandemic, together with the extent and duration of social distancing measures imposed by the UK Government. The trustees have foreseen the challenges in the coming months and considered carefully the potential impact of these matters. In taking into account available cash resources (including access to existing financing facilities) and the extent of support provided by the UK Government announced as of the date of signing these financial statements, the trustees have continued to adopt the going concern basis of accounting.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and gifts | 57,162 | 137,066 |
4 Charitable activities
| Charitable Expenditure Charitable Expenditure 2021 2021 £ £ |
Charitable Expenditure Charitable Expenditure 2021 2021 £ £ |
Charitable Expenditure Charitable Expenditure 2021 2021 £ £ |
Charitable Expenditure Charitable Expenditure 2021 2021 £ £ |
Charitable Expenditure Charitable Expenditure 2021 2021 £ £ |
Charitable Expenditure Charitable Expenditure 2021 2021 £ £ |
Total 2021 |
Total 2020 |
|---|---|---|---|---|---|---|---|
| 2021 | 2021 | ||||||
| £ | £ | £ | £ | ||||
| Charitable expenditure | - | 30,518 | 30,518 | 49,207 | |||
| Share of governance costs (see note 5) | 14,442 | - | 14,442 | 10,349 | |||
| 14,442 | 30,518 | 44,960 | 59,556 | ||||
| Support costs | |||||||
| Support costs Governance costs |
2021 Support costs Governance costs |
2020 | |||||
| £ | £ | £ | £ | £ | £ | ||
| Accountancy | - | 1,980 | 1,980 | - | 1,620 | 1,620 | |
| Legal and professional | - | 12,462 | 12,462 | - | 8,729 | 8,729 | |
| - | 14,442 | 14,442 | - | 10,349 | 10,349 | ||
| Analysed between | |||||||
| Charitable activities | - | 14,442 | 14,442 | - | 10,349 | 10,349 |
5 Support costs
Governance costs includes payments to the independent examiner of £1,800 (2020- £1,500) for accountancy fees.
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Draft Financial Statements at 28 July 2022 at 09:47:59 MATERNAL AID ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Employees
The average monthly number of employees during the year was:
| 2021 2020 Number Number Total - - There were no employees whose annual remuneration was more than £60,000. 8 Debtors 2021 2020 Amounts falling due within one year: £ £ Other debtors 816 816 9 Creditors: amounts falling due within one year |
2021 2020 Number Number Total - - There were no employees whose annual remuneration was more than £60,000. 8 Debtors 2021 2020 Amounts falling due within one year: £ £ Other debtors 816 816 9 Creditors: amounts falling due within one year |
2021 2020 Number Number Total - - There were no employees whose annual remuneration was more than £60,000. 8 Debtors 2021 2020 Amounts falling due within one year: £ £ Other debtors 816 816 9 Creditors: amounts falling due within one year |
|---|---|---|
| - | - | |
| 2021 | 2020 | |
| £ | £ | |
| 816 | 816 | |
| Accruals and deferred income | 2021 | 2020 |
| £ | £ | |
| 1,980 | 1,620 | |
| 10 Related party transactions |
There were no disclosable related party transactions during the year (2020 - none).
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