Registered Charity Number 1194638
PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH
TRUSTEES REPORT AND ACCOUNTS
31 March 2022
PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Financial statement Year ended 31 December 2022
| Contents | Page |
|---|---|
| Charity information and professional advisers | 3 |
| Trustees’ report | 4 |
| Accountants’ report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Charity Information Year ended 31 December 2022
Registered charity name PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Charity number 1194638 29 George Mews Registered office LONDON NW1 2EU Trustees Faith Osanna Victorious (Chair) Angela Okemena Unufe Maame Efua Enyama Tete Chinasa Onukegbe Accountants BC NWAIWU & CO LTD Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN Bankers Barclays Bank UK PLC
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH
Trustees’ Report Year ended 31 March 2022
The Trustees, present their annual report with the unaudited financial statements of the charity for the year ended 31 March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity's governing document, the Charities Act 2022 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 (effective 1 January 2019).
Reference and administrative details
The Charity is a charitable incorporated organisation and was formed on 1 June 2021 as Prime Diamond Initiative for Community Health.
Objectives
The objects of the charity for the public benefit include;
- The preservation and protection of good physical and mental health and wellbeing by:
a) the provision of seminars, workshops, public awareness campaigns, opportunities to participate in physical exercise, information, counselling, signposting services and support.
b) sponsoring research into aspects of menstrual health and cancer risk factors, the useful results of which will be disseminated for the public benefit.
- The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.
Public Benefit
The board of trustees have given due consideration to Charity Commission’s published guidance on the operation of the public benefit requirement and confirm that these requirements are met by the charity.
Statement of responsibilities of the trustees
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources
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and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2022.
Maame Efua Enyama Tete Chair of Trustees
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH
Accountant’s report For the period ended 31 March 2022
Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of Prime Diamond Initiative for Community Health for the period ended 31 March 2022.
In order to assist you to fulfil your duties under the Charity Act 2022, we have prepared for your approval the accounts of Prime Diamond Initiative for Community Health for the period ended 31 March 2022 which comprise of the Statement of financial activities (incorporating income & expenditure account), the Balance Sheet and the related notes from the charity’s accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of Prime Diamond Initiative for Community Health, as a body, in accordance with the terms of our engagement dated 21[st] August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Prime Diamond Initiative for Community Health and state those matters that we have agreed to state to the Trustees of Prime Diamond Initiative for Community Health, as a body, in this report to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prime Diamond Initiative for Community Health and its Trustees as a body for our work or for this report.
It is your duty to ensure that Prime Diamond Initiative for Community Health has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of Prime Diamond Initiative for Community Health. You consider that Prime Diamond Initiative for Community Health is exempt from the statutory audit/independent examination requirement for the period.
We have not been instructed to carry out an audit/independent examination or a review of the accounts of Prime Diamond Initiative for Community Health. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BC NWAIWU & CO LTD Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN
Date: 29 August 2024
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH
Income Statement For the period ended 31 March 2022
| Income from Note Donations and legacies 2 Charitable activities 3 Total income Expenditure on Charitable activities 4 Total expenditure Net income/(expenditure) and net movement in funds for the year Reconciliation of funds Total funds brought forward Total funds carried forward |
2022 22,466 2,500 |
|---|---|
| 24,966 | |
| (24,701) | |
| (24,701) | |
| 265 - |
|
| 265 |
The notes on pages 9 to 14 form part of these financial statements
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Statement of Financial Position As at 31 March 2022
| Note Fixed assets Tangible assets 5 Current assets Cash at bank and in hand 6 Debtors 7 Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year Total assets Funds of the charity Restricted funds 9 Unrestricted funds 9 Total charity funds |
465 - 465 200 |
2022 - 265 |
|---|---|---|
| 265 - |
||
| 265 | ||
| 243 23 |
||
| 265 |
Maame Efua Enyama Tete Chair of Trustees
Approved by the board on 29 August 2024
The notes on pages 9 to 14 form part of these financial statements
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Notes to the Financial Statements
For the period ended 31 March 2022
1. Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a. Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Prime Diamond Initiative for Community Health meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b. Judgments and estimates
The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
c. Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are grants and donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
e. Income
The Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Notes to the Financial Statements For the period ended 31 March 2022
f. Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Expenditure on charitable activities includes all costs undertaken to further the purposes of the charity and their associated support costs.
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Finance costs includes all interest and other costs the charity incurs in connection with the borrowing of funds.
g. Tangible fixed assets
All expenditure of a capital nature on development work overseas is expensed as incurred, while tangible fixed assets in the UK costing more than £100 are capitalized and included at cost, including any incidental expenses of acquisition. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost by equal annual instalments over their expected useful economic lives as follows:
| Freehold land and buildings | Nil |
|---|---|
| Computer infrastructure | 5 years |
| Computer equipment | 4 years |
| Furniture, fixtures and equipment | 4 years |
Impairment reviews are conducted when events and changes in circumstances indicate that an impairment may have occurred. If any asset is found to have a carrying value materially higher than its recoverable amount, it is written down accordingly.
h. Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
i. Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Notes to the Financial Statements
For the period ended 31 March 2022
j. Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2. Donations and legacies
| Donations and legacies Donation Other income |
2022 £ 15,000 7,466 |
|---|---|
| 22,466 |
| 3.Charitable activities Grants National lottery community fund Charitable trading Charity sales |
2022 £ 2,500 |
|---|---|
| 2,500 | |
| - | |
| - | |
| 2,500 |
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Notes to the Financial Statements For the period ended 31 March 2022
| 4. Charitable activities Rent and accommodation Project expenses Training and development Support costs Printing and stationery Telephone and broadband Depreciation Local travel Advert and promotion Staff expenses Professional fees Governance 5. Tangible fixed assets Cost Balance B/F Additions Disposals Revaluations Transfers Depreciation Charge for the year On disposals Net book value 6. Cash at bank and in hand Bank Cash |
2022 £ 187 14,980 - 3,950 665 - - - - 4,669 200 50 |
|---|---|
| 24,701 | |
| 2022 £ - - - - - |
|
| - | |
| - - |
|
| - | |
| - | |
| 2022 £ 465 - |
|
| 465 |
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PRIME DIAMOND INITIATIVE FOR COMMUNITY HEALTH Notes to the Financial Statements For the period ended 31 March 2022
| 7. Debtors Donation receivable 8. Creditors - Amount falling due within one year Trade creditors Other creditors 9 Total funds carried forward Funds brought forward Incoming resources £ Restricted - 22,660 Unrestricted - 2,306 Total funds - 24,966 |
2022 £ - - 2022 £ 200 - 200 Outgoing resources £ 24,417 2,283 24,700 |
2022 £ - |
2022 £ 243 23 |
|---|---|---|---|
| - | |||
| 2022 £ 200 - |
|||
| 200 | |||
| 265 |
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