Registered Charity Number 1175742
NAIJAID
Report of the Trustees and Unaudited Financial Statements For The Year Ended 30th April, 2024
NAIJAID
Contents of The Financial Statements For The Year Ended 30th April, 2024
| 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 For The Year Ended 30th April, 2024
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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NAIJAID
Report of the Trustees and Unaudited Financial Statements For The Year Ended 30th April, 2024
The trustees present their report with the financial statements of the charity for the year ended 30th April, 2024. 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
Ongoing Twice weekly Exercise and Wellbeing programme for 50 years and over BAME female in Souh London.
These group of 40 women exercise and stretch for 1.5 hours, facilitated by a qualified fitness instructor. Once a week we have a dietian and nutritionist talk to us about how to cook our Africa and
We conducted a 1-day advanced life support training for 50 Medical practitioners in Lagos on the 29th of October 2023 and Two days First Aid training for 100 university undergraduates from 20 states of Nigeria. Delegates were transported from their various locations and accommodated and fed by Naijaid. Each was given first aid kits, training materials, and certificates.
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 the 11th February 2025, and signed on its behalf by
OLANREWAJU NEHAN-BABALOLA
For Trustees
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NAIJAID 30th April, 2024
Independent Examiner's Report
To the Trustees
I report on the accounts for the year ended 30th April, 2024 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 , 2024
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2024 2023
Total Total
Restricted Fund Fund
Notes £ £ £
Income Resources
Incoming Resources From Generated Funds
Voluntary Income 2 - 393 11,921
Total Income Resources - 393 11,921
Resources Expended
Charitable Activities
Admin & Support Costs - 201 1,960
Governance Costs 3 - 600 850
Total Resources Expended - 801 2,810
NET INCOMING RESOURCES - (408) 9,111
RECONCILATION OF FUNDS
-
Total Funds Balances b/fwd 11,873 2,762
-
Total Funds Balances c/fwd 11,465 11,873
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The Notes Form Part of These Financial Statements
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NAIJAID
Balance Sheet as at 30 April 2024
| 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 |
2024 Total Funds £ 411 6,551 3,782 2,769 3,180 3,180 3,180 3,180 |
2023 Total Funds £ 514 6,256 3,182 3,074 3,588 3,588 3,588 3,588 |
|---|---|---|
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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NAIJAID
Notes to the Financial Statementss for the year ended 30 April 2024
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, an 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 reasonab accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under heading 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.
2 VOLUNTARY INCOME
| Donations | 2024 £ 393 393 |
2023 £ 11,921 11,921 |
|---|---|---|
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NAIJAID
Notes to the Financial Statementss for the year ended 30 April 2024
| 3 GOVERNANCE COSTS Accountancy 4 Tangible fixed assets Cost At 1 May 2023 At 30 April 2024 Depreciation At 1 May 2023 Charge for the year At 30 April 2024 Net book value At 30 April 2024 At 30 April 2023 |
2024 600 600 |
2023 850 850 Plant and machinery £ 1,565 1,565 1,051 103 1,154 411 514 |
|---|---|---|
| 5 Creditors: amounts falling due within one year Trade Creditors Accruals - Accounts 6 Movement in Funds At 01 05 22 £ Unrestrictedfunds General fund 3,588 TOTAL FUNDS 3,588 Incoming Resources £ Unrestricted funds General fund 393 Total Fund 393 |
2024 £ 1,700 2,082 3,782 Net Movement In Funds £ (408) (408) Resources Expended £ 801 801 |
2023 £ 850 2,332 3,182 At 30 04 23 £ 3,180 3,180 Movement in Funds £ (408) (408) |
|---|---|---|
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NAIJAID
Detailed Statement Of Financial Activities For The Year Ended 30th April, 2024
| INCOMING RESOURCES Donations Total Incoming Resources RESOURCES EXPENDED Charitable Activities Web Site & IT Subscription - Charity Work / Events Governance Costs Accountancy fees Support Costs Management Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2024 Unrestricted Total Fund £ £ 393 393 393 393 62 62 - - 36 36 98 98 600 600 600 600 103 103 103 103 801 801 (408) (408) |
2023 Total Fund £ 11,921 11,921 836 240 756 1,832 850 850 128 128 2,810 9,111 |
|---|---|---|
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