MEDICAL INSTrruTE OF TAMILS CHARITY CH￿Ty NO: 1066824 FINANCIAL STATEMENTS For the year ended 30 June 2024 MEDICAL INSTITUTE OF TAMILS CHARITY INDEX PAGE Trustee's Report Independent Examiner's Report Statement of Financial Activities Notes to the Financial Statements 6-9 MIOT 35tb Annual General Meeting on 23 March 2025 Trust￿% Report- Year Ended 30 June 2024 The trustees present their report together with the financial statements of the Charity for year ending 30 June 2024. The financial statements have been prepared in accordance with accounting policies set out in the notes to the Financial Statements and comply with applicable law. Trnste The members of the management committee are the tn￿eeS of the organisation. The Conllnittee is elected every year accordlng to the current constitution. The names of the trustees are shown in the AGM Report. Management and Decision Making The management structure and the decision making process of the organisation are in accordance with the constitution of the organisation appended to this report. Aims and Objectives Medical Institute of Tamils is a registered charity, its objectives are:. To relieve poverty, sickness and the preservation and protection of the health of the Tamil Community in the countries they live, including UK. To advance education and training in our community in the science and art of medicine. To provide facilities in the interest of social wellbeing, prinwily for persons within our community with the object of improving their qua]iry of life. The Charity aims lo harness the extensive network of Tamil medical professionals working across the whole of the United Kingdom through its regional brdnches Northern, Wales. Eastern, North Thames and South Tharnes regions and also by collaborating with like-minded organisations operating in the rest of the world to achieve its objectives. The main objective of our charity is to support health related projects and only the orphanage under the name of MIOT. There is a review of changing the governing document (GD) that is in process from 2023 and in accordance with the requirement of the Charity Commission to incorpordte the new policies in April 2024. Financial Review Income Total income generated for the year end 30 June 2024 was £65,706 (2023 - £105,426). Each region contributed in different ways in generating funds. The income is shown under 'Central'. which is the athninistrdtion cost centre encompassing all regions. Income enerated b re ions Tolal Central South Thames 5,200 Norih Thames Norihern Eastern Iyales Donalions Cenlral Committee Subscri Fund raising Events Interest received Tar Rebate 42,415 1, 776 3),439 7. 770 3.860 7, 770 3,860 1. 799 1, 143 2U5 451 9.863 9,863 Totalfor ihe ear 65, 706 14,549 5,405 45, 753 The above amounts include funds generated in prior years but utilised in this financial year. The charity is managed entirely by volunteers. The Trustees provide their services voluntarily and do not derive any financial benefit. There héLS been closure of Eastern region ofMIOT due to members moved away and other reasons. There WILS no balance of money in ihal region and the bank account too was closed. The North Thames region did noifunciion since last report, and Ihey loo decided io move the balancefunds to South Thames region. North Thomes rew'on bank accoun¢ too is now closed. Risk Management and Reserve Poliey The North and East of Sri Lank& the area in which this Charity s beneficiaries mostly live has now been accessible as the war has come to an end. We are now in the process of doing rehabilitation work in these areas, funding humanitarian and health projects. Trwstees will ensure that both central committee and regional committees raise additional funds through fund raising activities such as cultural programmes and charity dinners to avoid incurring fmancial deficits. The Trustees review the major risL which the Charity faces on a regular basis and believe, in maintaining reserves at current levels with constant review of controls over financial operations. will provide sufficient resourtts in the event of adverse conditions. The following resources are available to meet future requirements. The re8erY¢s Are M fo1hj￿:. rotal Central Norih Thames Nortknrn Iydes Currenr Accounr 33,338 2. 794 16.350 14.194 131,587 78.241 19,553 33, 793 Accoup Balonce at 30/06Q024 164.925 81,035 35,903 47,987 Expwted Subscrimion £8.000 Capproxlmately) In our opinion su¢h resources provide sufficient cover to th¢ rnanaBernenl. administration and yupport of the ongoin8 projects of MIOT for the next tswEl%e rnonth5. S(*twJeot ofTr8thu Rw•nslblllties Th¢ trLL8tees are resp)nsible for k¢eping proper x¢ounLin8 rxor(Ls. which disclose. with re&sonable accuracy ￿ any titiie, the financial position of the Charity and whieb enable them to ensure thar the financi￿ statements wrnply with the Chuities Act 20] l. They are also Tesponsible for safeguarding the assets of the Charity and heD¢e for tskng )rasonable steps for the prevention 2nd detection of fraud atxl other irregularitie& Appnwal Thi$ report was approved by the Trustees Bnd siw)ed on their be1m￿:_ Dr S Shaninu8adas In￿lM Chair MIOT UK INDEPENDENf EK4MINER'S REPORT TO THE TRUSTEES/ MEMBERS OF MEDICAL INSTITUTE OF TAMILS CHARITY We report on the Accounts of th¢ Trust for the year ended 30 June 2024, which are set out on pages 5 to 9. RESPONSIBILITIES AND BASIS OF REPORT As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). We report in respect of our examination of the Trust's accounts Ca￿led out under section 145 of the 2011 Act and in carrying out our examination, we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. INDEPENDENT EXAMINER?S STATEMENr We have completed our examination. We confirni that no material matters have come to our attention in connection with the examination giving us cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the forni and conl¢nt of accounts set out in the Charities Regulations 2008 other than any requirement thdt thc aLLOUEils give a true and fair vicw which 13 not a matter considered as part of an independent examination. We have no concerns and have come across no other matters in connection with the ewamination to which attention should be drawi in this TeFK)rt in order to enable a proper understanding of the accounts to be reached. V S ACCOUNTANCY SE 15 Fairn]ead Gardens Ilford Essex IG4 5BP ICES LTD F. 020 8220 0148 Emal: IniWsxcountancy.com . 2025 MEDICAL INSTITUTE OF TAMILS CHARrrY STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30 June 2024 UDrestrieted Funds Restricted Funds otsl Funds Note 2024 2023 2024 2023 2024 2023 Receipts Donations Centrdl Committee Subscriptions Fundraising events Interest on deposit aje Gift aid tax rebate 42.415 60.843 42.415 60,843 7.770 3,860 1,799 9,863 8,170 21,445 434 14.534 7.770 3,860 ,799 9,863 8,170 21.445 434 14,534 Total Receipts 65,706 105,426 65.706 105,426 Payments Donations paid Cost of fundraising events A(iM expenses Wreaths for fomler members Postage & stationery Bank charges Accountancy Sundry Totsl Poym¢nts 38,772 687 66,747 27,811 38.772 687 66,747 27.811 249 249 38 42 300 .263 41,101 38 42 30 300 1,060 96,196 30 300 ,060 96,197 1.263 40,801 Ntt of Receipisl(Payments) 24.605 9230 24,905 9.229 FuDd$ from last year eod 143.373 134,143 143.373 134.143 Funds at this year end 167,978 143.373 168.278 143.372 The notes on pages 6 to 9 forni part of these Accounts. MEDICAL INSTITUTE OF TAMIIS CHARITY NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 ACCOUNTING POLICIES The Financial Statements have been prepared in accordance with applicable accountlng standards. (a) Aeeounting Convention The Financial Statements are prepared un(kr the historical cost convention. (b) DoDodons Donations are accounted for when received and banked. {¢) Expenditur¢ Expendiftwe is aJlo¢aled to the activities io which it relates. (d) Restricted •lld unrestricted funds (i) Restricted fijnds are funds received subject to specific tsvsts IM[￿ by the donor. (li) Unrestricted fimds are fimds. which are expendable at the discretion of the Trustees. RECEIPTS 2024 42.415 202 60.843 Donaiions Central Committee Subscriptions Fundraising- EY¢nts .776 5.2 35.439 7.770 7.770 8.170 21,445 Int¢r¢si on- Deposit alc Gift aid tax- 1.143 205 451 434 R¢bate 9.863 45.753 9,863 14,534 65,706 105.426 14.549 5.405 MEDICAL INSTITUTE OF TA￿Ill￿ CHARITY I¥OTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 DONATIONS PAID 2024 TRAL Thilagawathiyar Illatn Moolai Primary Care Centre Hari Illam Kilinichi Mobile Unit jaffi￿ Medical Studeni Scholarship Cataract Surgery Project Jaffi MIOT Orphanage Batticaloa HCA Projec¢ IIK)5 1,262 2.505 2.182 325 3.033 1270 4.755 1.000 3,385 2,969 15,448 10,243 SOUTH THAMES Medical Studem Sponsorship Moolai Hospital 935 1.310 2,310 935 NORTH THAMES MEDICAL INSTITUTE OF TAMILS CHARITY NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2024 ( continued ) NORTHERN Thilagawathiyar Illam Manthihai Hospital Hari Illam Eerodo Catnpus - Batticaloa Vivekananda Illam Velaichenat Adiparasakthi Home Deepavali clothes Anniversary Meals MIOT - Medical Equipment- jaffi￿ Hospitsl Valaichanai Hospital 365 13,145 28266 1.389 322 531 3,450 402 1297 500 10.005 .922 48,084 690 899 1,805 21,015 EASTERN Baby Salha Orphanage AEDU MIOT Home CSJPP Trust Medical Students Sponsorship Rotary Club Vanni Hope Housing Project WALES Hari Children Home Base Hospital Tellipalai Teaching Hospital Jaffna 359 2,126 7.485 TOTAL 38.772 66,747 MEDICAL INSTITUTE OF TAMILS CHARrrY NOTES TO THE FINANCLIL STATEMENTS For the year ended 30 June 2024 { continued ) COST OF FUNDRAISING EVENTS 2024 2023 CENTRAL Hall Hire Printers Music & Sound 76 19,616 6.Il9 27,811 687 687 SOUTH THAMES NORTH THAMES EA TERN WALES TOTAL 27011