REGISTERED COMPANY NUMBER: 03931085 (England and Wales) REGISTERED CHARITY NUMBER: 1081287
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2023
for
The International Medical Education
Trust
The International Medical Education Trust
Contents of the Financial Statements for the Year Ended 31 August 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
The International Medical Education Trust
Report of the Trustees for the Year Ended 31 August 2023
This is another successful financial year for IMET2000 thanks to our supporters and the remarkably successful two online fund-raising events. Income has virtually matched increased expenditure as the number of projects was expanded, we really would like to raise our income to £750,000 per year to allow for more expansion to meet more demands. Quite apart from the really successful fundraising events run by Harriet Paul, we also appealed to numerous charities and this campaign raised about 25% of the total. It is yet again, a challenging sector with huge competing demands from desperately needed charity funds. We still hope to build reserves to allow for at least one year operation without income but this is becoming increasingly unrealistic and we will be lucky to hold enough for 6 months.
Acknowledgements
None of the above programmes would have been possible without the support of many Trusts, Foundations and generous individuals. We thank them all but must in particular thank the Darwazah Foundation, Hikma Pharma, the Amjad and Suha Bseisu Foundation, Ghalia and Omar Al-Qattan, the Orange Tree Trust, BB Energy, Dr Nik Kotecha and colleagues in Leicester, the Barham Charitable Trust, Mrs Sawsan Asfari, Mr Mike Barnes and Mr Robin MacGeachy (Peak Scientific).
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The International Medical Education Trust
Report of the Trustees for the Year Ended 31 August 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The demand for our medical education and human capacity building activities continues to increase. This has been the case for many years and this last year is no exception. Again, over 85% of our IMET2000 efforts have been devoted to our work in Palestine. The rest of our income has been spent in other areas of need in Syria Refugee camps, Africa (Ghana, Malawi, Uganda), Asia (West Bengal and Tibet refugee camps in India) and Ukraine. We continue to successfully respond to the needs of the different Palestinian agencies, particularly those related to the Ministry of Health (MoH), academic institutions such as AAUP, Annjah and Al-Quds Universities and other NGOs where possible. This would not have been possible without the continuous support of our funders and the great success we have achieved in our on-line fundraising activities including our last Autumn Gala Event in October, 2022 and Spring Gala Event in May 2023.
This report captures the key projects we have delivered in Palestine and other countries as described below.
Palestine
IMET2000 has been able to deliver its projects not only through existing and well-established partnerships with the Ministry of Health in Palestine, the Ministry of Higher Education and Research, the World Federation of Societies of Anaesthesiologists (WFSA), the International Federation of Medical Student Associations (IFMSA), the Palestinian Medical Council, a student driven group in Oxford called OxPal but also through building some new strategic partnerships with Book Aid International in addition to a number of Palestinian academic institutions such as Arab American University of Palestine (AAUP) and Polytechnic University in Hebron. In brief:
IMET2000, through partnership with AAUP and using its extensive network in the UK, has successfully partnered the organisation of two summer schools at the University of Dundee and Oxford University Medical Schools. Nearly 40 students were trained at the two Universities in clinical, communication and research skills. IMET2000 has played a key organisational role in addition to funding the students towards their travel and living expenses.
Working with Book Aid International, we have delivered 442 medical and nursing brand new text books. These were distributed to four medical and nursing schools to supplement their libraries with key and much needed text books. The list of Universities benefited from this project included:
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The Arab American University Medical School in Jenin
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Polytechnic University Medical School in Hebron
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An-Najah National University Nursing School in Nablus
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Modern University college Nursing School in Ramallah
We have developed a joint proposal with WFSA for training anaesthetics through visits of WFSA volunteers and well-established fellowship programmes. This project is planned for 2024/2025.
We continued our scheme of training healthcare professional on the front of life-saving training and workshops. We have trained 250 healthcare professionals through the organisation of more than 20 training workshops on Basic Life Support (BLS), and Advanced Cardiac Life Support (ACLS).
Advanced Trauma Life Support (ATLS) training has continued to be top on our list of priorities; we continued training doctors on how to deal with such common cases in Palestine. We have also continued training the trainers to create a more sustainable programme. In this last year we trained 42 physicians in ATLS.
As a new achievement we have been accredited to train health allied professionals and students on how to manage trauma patients. This course is recognised by the American College of Surgeons as Trauma Management and Evaluation (TEAM). We also have started training selected members of the public in "Stop Bleeding Training". 30 healthcare professionals and students have completed their training.
On the education, research and training front, IMET2000 has awarded 78 scholarships and travel bursaries. These scholarships have covered areas of need in Palestine such as:
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The International Medical Education Trust
Report of the Trustees for the Year Ended 31 August 2023
1. Child Mental Health
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Cancer and Palliative care
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Pain Management
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Research and clinical governance
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Occupational therapy
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Burns and plastic surgery
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Clinical attachment for young doctors
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Travel bursaries for doctors and nurses
MET2000 has supported two local NGOs supporting children with disabilities in the West Bank. Working with these two organisations, we have been able to fully financially cover the treatment of 28 children in full for whole year. This has enabled these children who come from severely disadvantaged background to get specialist treatment sessions they would not have been able to get otherwise.
Working with other key UK charities, IMET2000 has supported our Gaza Centre for treatment of children troubled with post stress behavioural and mental problems. This centre has been functioning and has successfully treated on average 20-30 cases per month. This is in addition to organising many open days for these children alongside their families and caregivers to help them mentally heal and as a boost for treatment sessions they receive in the centre.
In other countries: In brief, here is a list of projects ongoing:
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IMET2000 continues to have strong links with and supports financially Firefly International in Syria and the Syrian Director, Mrs Fadia Shaker.
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In the Ukraine, the Russian invasion has completely altered the landscape and situation in which we work. The UNESCO Chair in Cryobiology held by Professor Barry Fuller has been put on hold as the Institute for Problems of Cryobiology and Cryomedicine in Kharkov has virtually closed. Even so, IMET2000 has financially ensured that the Tissue Bank and a skeleton staff are still safe and kept open, storing precious reproductive material of endangered species. IMET2000 has also donated and delivered to University Hospital for Surgery 4 CPAP respirators and essential medicines. Finally, it has funded an on-line medical course for students in the Kharkov School of Medicine.
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In Africa, IMET2000 financed more equipping of Herona Hospital of 50 beds in Uganda. This included installation of a large oxygen generator so that all operating theatres and CV19 wards have piped oxygen. Pure water is now self-contained and solar panels ensure a 24-hour power supply independent of the National Grid. The Hospital is very busy indeed (averaging 6000 outpatients per month coming through the doors) and serving a rural population of over 600,000. A major project has been free cataract operations for 250 destitute Ugandans who have had their sight restored and this is planned to continue through the next 5 years depending on restricted funding.
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In Ghana, we have supported a programme to help mothers with disabled children run by our affiliated NGO Action Through Enterprise (ATE) and this has been so successful in one region and village that is has been rolled out to three others.
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We have continued our support for our affiliated NGO, Shivia, working in Bengal in India helping very poor women build businesses and small farming enterprises.
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In India, the Tibetan refugee lady supported by IMET2000 through the Tibet Relief Fund to study in Mysore University for an MSc in Nursing and Midwifery graduated and is now working full time in Tibetan Refugee Centre in India.
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The International Medical Education Trust
Report of the Trustees for the Year Ended 31 August 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03931085 (England and Wales)
Registered Charity number
1081287
Registered office
95 Woodlands Road Little Bookham Surrey KT23 4HL
Trustees
T E Goodacre B J Fuller M S Alavijeh S C Ewans (resigned 21.4.23) O Abdel-Mannan R G Inglis K Green H Al-Taiar P Bassatne N D Maynard R J Shipley H S Crawley
Independent Examiner
Kate Haynes Ltd 129 Woodlands Road Little Bookham Leatherhead Surrey KT23 4HN
Approved by order of the board of trustees on 6 December 2023 and signed on its behalf by:
N D Maynard - Trustee
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Independent Examiner's Report to the Trustees of The International Medical Education Trust
Independent examiner's report to the trustees of The International Medical Education Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
Kate Haynes ACA
Kate Haynes Ltd 129 Woodlands Road Little Bookham Leatherhead Surrey KT23 4HN
6 December 2023
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The International Medical Education Trust
Statement of Financial Activities
for the Year Ended 31 August 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 572,115 Investment income 3 453 Total 572,568 EXPENDITURE ON Raising funds 49,888 Charitable activities 4 Charitable 497,990 Total 547,878 NET INCOME/(EXPENDITURE) 24,690 RECONCILIATION OF FUNDS Total funds brought forward 60,481 TOTAL FUNDS CARRIED FORWARD 85,171 |
Restricted fund £ - - - - 50,000 50,000 (50,000) 50,000 - |
31.8.23 Total funds £ 572,115 453 572,568 49,888 547,990 597,878 (25,310) 110,481 85,171 |
31.8.22 Total funds £ 616,755 13 |
|---|---|---|---|
| 616,768 | |||
| 54,971 536,927 |
|||
| 591,898 | |||
| 24,870 85,611 |
|||
| 110,481 |
The notes form part of these financial statements
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The International Medical Education Trust
Balance Sheet
31 August 2023
| Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 85,671 CREDITORS Amounts falling due within one year 8 (500) NET CURRENT ASSETS 85,171 TOTAL ASSETS LESS CURRENT LIABILITIES 85,171 NET ASSETS 85,171 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - - |
31.8.23 Total funds £ 85,671 (500) 85,171 85,171 85,171 85,171 - 85,171 |
31.8.22 Total funds £ 110,981 (500) 110,481 110,481 110,481 60,481 50,000 110,481 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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The International Medical Education Trust
Balance Sheet - continued
31 August 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 6 December 2023 and were signed on its behalf by:
N D Maynard - Trustee
B J Fuller - Trustee
The notes form part of these financial statements
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The International Medical Education Trust
Cash Flow Statement for the Year Ended 31 August 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.8.23 £ (25,763) (25,763) 453 453 (25,310) 110,981 85,671 |
31.8.22 £ 24,857 |
|---|---|---|
| 24,857 | ||
| 13 | ||
| 13 | ||
| 24,870 86,111 |
||
| 110,981 |
The notes form part of these financial statements
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The International Medical Education Trust
Notes to the Cash Flow Statement for the Year Ended 31 August 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Net (expenditure)/income for the reporting period (as per the Statement | ||
| of Financial Activities) | (25,310) | 24,870 |
| Adjustments for: | ||
| Interest received | (453) | (13) |
| Net cash (used in)/provided by operations | (25,763) | 24,857 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.22 | Cash flow | At 31.8.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 110,981 | (25,310) | 85,671 |
| 110,981 | (25,310) | 85,671 | |
| Total | 110,981 | (25,310) | 85,671 |
The notes form part of these financial statements
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The International Medical Education Trust
Notes to the Financial Statements for the Year Ended 31 August 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
continued...
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The International Medical Education Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
| 2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Charitable 5. GRANTS PAYABLE Charitable |
31.8.23 31.8.22 £ £ 572,115 616,755 31.8.23 31.8.22 £ £ 453 13 Grant funding of activities (see note 5) £ 547,990 31.8.23 31.8.22 £ £ 547,990 536,927 |
31.8.22 £ 616,755 |
|---|---|---|
| 31.8.22 £ 536,927 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 76,955 Investment income 13 Total 76,968 EXPENDITURE ON Raising funds 54,971 |
Restricted fund £ 539,800 - 539,800 - |
Total funds £ 616,755 13 |
|---|---|---|
| 616,768 | ||
| 54,971 |
continued...
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The International Medical Education Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ Charitable activities Charitable 47,127 489,800 Total 102,098 489,800 NET INCOME/(EXPENDITURE) (25,130) 50,000 RECONCILIATION OF FUNDS Total funds brought forward 85,611 - TOTAL FUNDS CARRIED FORWARD 60,481 50,000 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.23 £ Accruals and deferred income 500 9. MOVEMENT IN FUNDS Net movement At 1.9.22 in funds £ £ Unrestricted funds General fund 60,481 24,690 Restricted funds Restriced donations 50,000 (50,000) TOTAL FUNDS 110,481 (25,310) |
Total funds £ 536,927 591,898 24,870 85,611 110,481 31.8.22 £ 500 At 31.8.23 £ 85,171 - 85,171 |
Total funds £ 536,927 |
|---|---|---|
| 591,898 | ||
| 24,870 85,611 |
||
| 110,481 |
continued...
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The International Medical Education Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 572,568 Restricted funds Restriced donations - TOTAL FUNDS 572,568 Comparatives for movement in funds At 1.9.21 £ Unrestricted funds General fund 85,611 Restricted funds Restriced donations - TOTAL FUNDS 85,611 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 76,968 Restricted funds Restriced donations 539,800 TOTAL FUNDS 616,768 |
Resources Movement expended in funds £ £ (547,878) 24,690 (50,000) (50,000) (597,878) (25,310) Net movement At in funds 31.8.22 £ £ (25,130) 60,481 50,000 50,000 24,870 110,481 Resources Movement expended in funds £ £ (102,098) (25,130) (489,800) 50,000 (591,898) 24,870 |
|---|---|
continued...
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The International Medical Education Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.21 £ 85,611 85,611 |
Net movement in funds £ (440) (440) |
At 31.8.23 £ 85,171 |
|---|---|---|---|
| 85,171 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 649,536 | (649,976) | (440) |
| Restricted funds | |||
| Restriced donations | 539,800 | (539,800) | - |
| TOTAL FUNDS | 1,189,336 | (1,189,776 ) | (440) |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
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The International Medical Education Trust
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2023 | ||
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 572,115 | 616,755 |
| Investment income | ||
| Deposit account interest | 453 | 13 |
| Total incoming resources | 572,568 | 616,768 |
| EXPENDITURE | ||
| Investment management costs | ||
| Administrative expenses | 49,888 | 54,971 |
| Charitable activities | ||
| Grants | 547,990 | 536,927 |
| Total resources expended | 597,878 | 591,898 |
| Net (expenditure)/income | (25,310) | 24,870 |
This page does not form part of the statutory financial statements
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