Registered Charity Number 1175742
NAIJAID
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 30th April, 2021
NAIJAID
Report Of The Trustees For The Year Ended 30th April, 2021
Registered Charity Number
Charity Number : 1175742
Chairman: DR JOHN BABALOLA
Principal address. 184A PAMPISFORD ROAD SOUTH CROYDON CR2 6DB
Trustees
MORENIKE AJAYI OLANREWAJU NEHAN-BABALOLA YETUNDE OSONAIKE Dr Akeem Sule
Independent Examiner
Paperchase Taxation 22b Sydenham Road Sydenham, London SE26 5QW
Bankers BARCLAYS BANK PLC,
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Contents of The Financial Statements For The Year Ended 30th April, 2021
| Page | |
|---|---|
| Report of The Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 - 7 |
| Detailed Statement of Financial Activities | 8 |
NAIJAID Report of the Trustees and Unaudited Financial Statements For The Year Ended 30th April, 2021
The trustees present their report with the financial statements of the charity for the year ended 30th April, 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014.
STRUCTURE GOVERNANCE AND MANAGEMENT
Description of the charity’s trusts
Governing document: Trust deed
The charity is a trust
Trustee selection is by appointment
OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
The prevention of poverty
The relief of poverty
We are committed to the relief of sickness and preserve the health of persons living in Nigeria and people from Nigeria living in the u.k. by training and empowering medical professionals through continuous professional and personal development programmes. We also transport medical equipment and books to universities in Nigeria.
We provide access for Nigerian doctors’ 2nd opinion opportunities.
ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT
The object of the charity is:
The relief of sickness and preservation of health of persons living in Nigeria by providing and assisting in the provision of facilities, training, support services and equipment, organising public awareness programmes for the prevention of common diseases and advancing the education of health care professionals in all aspects of prevention and management of common physical and mental health conditions.
RISK MANAGEMENT
The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
.......................................................
OLANREWAJU NEHAN-BABALOLA For Trustees
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NAIJAID 30th April, 2021
Independent Examiner's Report
To the Trustees
I report on the accounts for the year ended 30th April, 2021 set out on pages five to ten.
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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the 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 statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements which accord with the accounting records and to 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.
Abiodun A Adeboyejo (FCCA,ACA,FAIA) Accountants 22b Sydenham Road London. SE26 5QW
Date................................................
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NAIJAID Statement of Financial Activities For the year ended 30th April , 2021
| Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 2 6,082 Total Income Resources 6,082 Resources Expended Charitable Activities Admin & Support Costs 3,082 Governance Costs 3 850 Total Resources Expended 3,932 NET INCOMING RESOURCES 2,150 RECONCILATION OF FUNDS Total Funds Balances b/fwd 612 Total Funds Balances c/fwd 2,762 |
Restricted £ - |
2021 Total Fund £ 6,082 6,082 3,082 850 3,932 2,150 612 2,762 |
2020 Total Fund £ 10,297 |
|
|---|---|---|---|---|
| - | 10,297 | |||
| - - |
8,947 850 |
|||
| - | 9,797 | |||
| - - |
500 112 |
|||
| - | 612 |
The Notes Form Part of These Financial Statements
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Balance Sheet as at 30 April 2021
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 6 Unrestricted Funds TOTAL FUNDS |
2021 2020 Unrestricted Funs Total Funds Total Funds £ £ 802 802 1,002 5,493 5,493 2,293 3,533 3,533 2,683 1,960 1,960 (390) 2,762 2,762 612 2,762 2,762 612 2,762 612 2,762 612 |
|---|---|
| 2,762 | |
| 2,762 | |
The financial statements were approved by the Board of Trustees on........................... and were signed on its behalf by:
OLANREWAJU NEHAN-BABALOLA For the Trustees
The Notes Form Part of These Financial Statements
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Notes to the Financial Statementss for the year ended 30 April 2021
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities
(effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. for the charity.
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Notes to the Financial Statementss for the year ended 30 April 2021
1 VOLUNTARY INCOME
| Donations 3 GOVERNANCE COSTS Accountancy 4 Tangible fixed assets Cost At 1 May 2020 At 30 April 2021 Depreciation At 1 May 2020 Charge for the year At 30 April 2021 Net book value At 30 April 2021 At 30 April 2020 |
2021 £ 6,082 6,082 2021 850 850 |
2020 £ 10,297 |
|---|---|---|
| 10,297 | ||
| 2020 850 |
||
| 850 | ||
| Plant and machinery £ 1,565 |
||
| 1,565 | ||
| 563 200 |
||
| 763 | ||
| 802 | ||
| 1,002 |
| 5 Creditors: amounts falling due within one year Trade Creditors Accruals - Accounts |
2021 2020 £ £ 850 1,000 2,683 1,683 3,533 2,683 |
|---|---|
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Notes to the Financial Statementss for the year ended 30 April 2021
| 6 Movement in Funds Unrestrictedfunds General fund TOTAL FUNDS Unrestricted funds General fund Total Fund |
At 01 05 20 £ 612 612 Incoming Resources £ 6,082 6,082 |
Net Movement In Funds At 30 04 21 £ £ 2,150 2,762 2,150 2,762 Resources Expended Movement in Funds £ £ 3,932 2,150 3,932 2,150 |
|---|---|---|
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Detailed Statement Of Financial Activities For The Year Ended 30th April, 2021
| INCOMING RESOURCES Donations Total Incoming Resources RESOURCES EXPENDED Charitable Activities Web Site & IT Travelling and subsistence Printing, postage & stationery Outreach Charity Work Charity Work / Events Governance Costs Accountancy fees Support Costs Management Freighting & Cargo Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2021 2020 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 6,082.46 6,082.46 10,297.41 6,082.46 - 6,082.46 10,297.41 1,951.00 1,951.00 480.00 - - 191.00 50.00 50.00 150.00 - - 690.00 881.00 881.00 5,186.00 2,882.00 - 2,882.00 6,697.00 850.00 850.00 850.00 850.00 - 850.00 850.00 - - 2,000.00 200.00 200.00 250.00 200.00 - 200.00 2,250.00 3,932.00 - 3,932.00 9,797.00 2,150.46 - 2,150.46 500.41 |
|---|---|
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