MEDICAL MISSION INTERNATIONAL (UK) (A company limited by guarantee) Financial Statements For the year ended 31 December 2022 Company Number.. 4798450 Charity Number.. 1099015 MEDICAL MISSION INTERNATIONAL IUKI CONTENTS Pag9 TN8t8ts' Rw ttos IndeP￿t Auditrys. Re￿rt 6109 Slalerneni of Nnaroal Aciiwbes 10 Balan¢¢ Slw•t Cash Fk)w Stalen￿1 12 Noies kn the A¢c4unl8 131020 MEDICAL MISSION INTERNATIONAL (UK) COMPANY INFORMATION Diroctors and Trusts8$ R Kendrick J Lawn G Poomian J Poorrnan S•cr•tsry Broa￿aY Se￿tsfIe8 Limited Company number 4798450 lin¢orrK*raled In England & Wales) Charlty nUM￿r 1099015 R•gl$tor•d office Second Floor Offi 34 Hwh Slreel Bromley Kent BR1 1EA Auditors Moom King$ton Smith LLP 6th Floor 9 Apod Street London EC2A W Prlnclpal Bankors HSBC Bank PLC 164 High Street Bromley Kent BRI 1HE sollcltors 60B Pitmans LLP 50 Broadway London SW1H OBL MEDICAL MISSION INTERNATIONAL (UK) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees wesent their onnu81 rep￿1 akng wth Ihe finan(xl 5talernents for the year ended 31st December 2022. The accounts have bgen K¥epared in accordance wlh Ihe a￿Tr￿n9 poliae8 set out in note 1 01 Ihe attached accounts and comF4y with the eharily's memorandum and artic￿$ of 8SSOCi81ion, applie3￿e laws and the requirements ol Slalemenl of Recommended Practjce ￿ -AccounDno and Reporting by Charities" The Infonnaty'on shown on the prevHJus pa90 forms a part of thi$ repDrt. S¢ruGtur•, Govèrnttnc• and Manag•m•nt GovernirRJ do¢umeRJl Me(lical Mission Intemats'onal IUKI was incowporatsd w 13th Jung 2003 as a CoM￿nY limltod tyy guarantee (company number.. 47984501 and registered as a Charity on 151h AwJus¢ 2003 liegistration numb•1 lo9￿)151. It IS 9OV8rn8d by 18 Memofandum and ￿tiCleS of As%Kkikn"on. OrggnisalionDI slruclufe The strategic direction of Ihe Charily is the resp(￿&bIlIty of the board of truste88. The da￿￿daY runnlng of th• Chority is carried out by the Chief ExEcuts'vo, who is reswnsl￿o to tho board of trvst99$. Trustees. 8ppolnlm•nt. Induction and traintt79 New trustees are 8ppoinlod by èxistiThJ trustees strKJuld they b• Itsr[￿d apprcpria¢e and hety to fulllll any shortfsll in tho skill Sel ol the board upon application. charity jhall hold an annual ganeral meeting each ygar in additson lo any other meetings. The Irustees koep thgm5efve5 updaled Ihrough infom)aiion obiained from extemal con$ullants and the Charity Commission, and aro responsible for tha Induction #nd trainiThJ ol new Irustoas. Furth¥r trasniry, eonsultation and infomialion is made available to Injstaes M an oThJoin9 basls. The Direc¢ors of tha cefflpany arg also the TrLL8t•*s ol the tharty. Al each AGM on8 third of the Truslees ar• subj'èci to retirgmenl by rolatson or if Ihoir numtér is ntst three or a multipl8 of Ihreo. th8 numbers near¢$t to on*.Ihird shall reli1¢ fr¢m offi¢*, but sh&ll btr •ligible for re-alection. R•muner81ion Policy The charfty does èmF4oy one Staff member wl*J's pay ig determined by th• Board and 18 based on th8 hours wtsrktd and the prevalling mark¢1 r¥t¢5 for the level ol work Ihal 15 be￿g undertaken. PotentAI fufvre increases in salary are dècid9d and given to ren￿ int¥•a¥es in Ihe co81 ol living. As not¢d elsewhere In lh8 axount5. the irustéès and officers 01 the charlty rec•fv• no rernun¢ratiGffj or c47mpensalion lor their lime and services lo the charity. 11 lh8 charty does docide to compensale Ils trustsès and otficers ￿ futu￿ yearn. thon th8 recommendations ol tha NCVO anquiry will be laken Inlo ac¢owii. Risk M8nagwn8nt The Tmstees have ￿vieWed the major business, finanaal and stralegic rfsks to whirtb the charty is OXP058d and confim) U)at stgps have been taken lo mitigate those risks. A lundamenlal n$k ¢0 th• charity is the Wential lor Contin￿ inwses in expenditures on raising funds versus donation incorne rec8ived which would be the result of non4ffects.ve direct mailing mailshot r8sutt$. To address Ihis fundamental risk the charity ts working wilh Iwal rnarkets.ng agencies lo explore possible diversification of its current fèvenue ¥￿arn as well as to IrKJk lo achieve better retvms on its mailshots. The goal is to dnve dowFI the cost of expondilure on raising funds bthila looking lo tx>)st and maximize (Jonat￿7 revenue5 of its mailS￿)t$ and other possible revenue Streams which would rn1￿.9ate Ihis fundamental risk to Ihe charity. P8g8 1 MEDICAL MISSION INTERNATIONAL {UK) TRVSTEES. REPORTICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 QblectSve8 and actlvltlts Wo have refer￿d to the 9uidane• in th• Charity Commtssion's goneral guidarteè oth Public Benefit when reviewing our aims and objeclivos and In planning (yJr futur8 actiwit￿$. In Part￿Ular, Ihe Trustees consider how planned activities will contribute to the aims and obJ"¢¢tNes they have set. In light ol Ihe Charily Commisslon's guidance on PuL4Sc Benefil. the prinapal object ol the Charlty wnunues to be the r¢li¢f of povgrty and sickness. in particuLar by WOViSK)n ol em8rg8ncy medical relief arKI publk h8aMh s8rvws lo as¥i¥l Iti50dvantaged arKI neeéy famibes thrtyjghwt Ihe worfd effected by famk)e, natural dlsasler ￿ dvll conftlct. Th¢ pnneipal $our¢e of lunding for these charitablè prowdmmes is expectèd to ramain as intsjm? generated from direct m811 app8als. The results from $p8cific appeals hav& boon vory encouragirrfJ and the T￿51￿8$ wish to thank 811 thos8 who have assisled in th* fundrak8ing tfforL Ihrough the making ol cash dLThts'ons or by a&&sting in Iha pro¢ur?ment of donated goods. Grant m8kiThJ wlicy The Irustees will eonlinue to concentrate on the pmwsion ol emergaw aid by makiry 9r•nts 10 3UPWt charilab projecis providing tmlrgency rolief lo assist chihdren In disaster areas. Applicaik)ns are deafi wilh on receipt. Guidelines for apF4icants ar• avaSlabl8 fwm tha trust¢es. All app1ka￿On$ for grants are reviewed by Ihg Iruslee5 before any dedsk)n ￿ mad•. Th• truslees may also require a vlsll lo th8 ap Jlcant belore d¢ciding ￿eth￿ or not to make a grant. khb•v•m•nt• p•rformanc• MMI IUKI raised in èxcess of £1.5m duriThJ Ihe yow endqd 31 DKgrnber 2022 12021.. In •xcgss 01 £2.4rn1. The majority of those resc*Jrces wern obial￿d a5 a ￿ul ol oui direct m81 luThJ raising affo￿ *nd 9ift3 in khd. During this year of op8ratlon$. 9¢ngrous Unbiod KknWom enabled MMI IVKI to ax￿ftd £1,232,613 12021.. £1,934.3391 on our grant$ wogramm•. The prtsJr8mmo$ 8UPPOrte¢ rJurirvJ 2022 wér•.. Compassbnate Fran¢is¢gn Slsièrs of the p￿r- phI￿￿ne8 Ooclofs for Lil& Trust- Makqwi l Mozamb JP Clawson Medical Mi$si¢)n$- J'rnbabwo Locaj Inili8tlV85 for Educaiion - Sudan Spirilage Help Twsl- Zirnb8bw8 13,128 37,869 8,807 18,063 1.156.746 1,232,613 Fundralilng Approach The ¢harilV5 trustees a￿ fulty aware of their indiwdual accounialxlty to enBur• that th8 charity fundraises18gally, ethicalty. resWn$i￿Y and gffe(aivety. The charity is 8 levy paying membe¥ of the Fundraising RewLator and Subsc￿be to the asswaled frjndraising codes and practice. In additson the ¢harity is a150 re9lStered with Ihe Inforrnation cornm1￿￿er's OfficE and is fully compliant with the wily enacted General Data Protecuon ReW18th￿ IGDPRI. The charty suppresse5 indivhaual suppvter records &Jainst the Mailing Preference Service. Telephone Prefe￿nce Service and the Fundraisillg Prefererth SeNce which hetP5 lo ensure that the d)arty doesn't approach individu8L8 who have expressty ￿quested Ihal we don't rontacl them. During the fiscal yoai Fundraising Preference Servlc¥ supwession requests totaled 6. Tho doesn't ¢nga9e Mlh any profMcwl IVtKjra￿ or Lwme¥ud partvpator. Page 2 MEDICAL MISSION INTERNATIONAL (UK) TRUSTEES. REPORTICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Fundralslng Approach leontOnu•dl The charity ha5 a published ¢omtyaini ￿0¢edur0. availa14e on its websile and ¢S)os indeed respond to anquiriès an¢J coYryL8inis In a fash￿n. As a mernber of Iha Fundr)ising Reguiotor ￿ are required lo prov￿? annual rigures ￿ Ihe number of Cornplain￿ received dunng Ihe year. Kt>si of these ￿)ntscts lend to be requests to opt- Dut ol charity wrnmun1ca￿.ons by e￿￿ti￿j sUPPOrters. Thse Opt￿￿1 requests aw¢ adrnin45lered and handled slraighl away lo rèduce any percepbon of unr•asonat48 intrusion or undua pressurg to suprx)rt th• charity. The charity conlinues lo diversify tts InC￿e generabThJ activibes so as to r8dLK• reliance on any Incom $tr•arn. The main r8v¢nue stream for the charity is dire¢l mil rnisr¥J programrne couplad Trmlh gilts in kind. R¢guknr giving programTh8 and ltyacy are other r¢v8nuo SI￿￿n3 for Ihe thar4ty. COVIO.19 and ¢￿t ol Uvln9 Unc•rtalntl•# The impact of COVID.19 an¢J th& onwng Cost of Living Cr¢$i$ has Considered by the tnJslee$ of tho chwty in regard to the charills lulure plarro •nd ￿dgeting processe5 and the effed of tho oulbrfjak i5nl a significant risk Inlo 31 December 2023 year end. 11 1$ expecled that any po*ntsal decrea￿$ In lovenu￿ wll be short lived and tho ¢hortlies re50rv88 and as$el valuos w￿1 8nabl8 Iho Chanty lo conts"nu• normal Operat￿n¥ through Cg18nd8r 2023 and years bly￿￿ th8t. It 1$ posgble Ihal incorne ¢ouKI decr•aM duthg 2023 but •ny decrea￿ in r•v•nug b• off8*t by a decrnas• In associatèd expendilurm. As of June 2023 Ihe charities em￿0Ye$S e¢fitinuo lo ￿rk rKJrmal hours p)st ond we COVID-19 outbreak and U)e ¢haiit188 nel a88gt$ aro high•r in June 2023. c(xryfed 10 00￿mber 2022. Virtually al a$gets ol the ch8rfty or• held in cash aThJ rKs de¢reoses li ¥4￿8 aro •XF4¢t￿ In rogwd to such. Flnan¢l•l r•vltw During the year lo181 incom• arnwnied to £1.578.132 12021.. £2.445,1481 and the charity •xpend8d 8 totsl amJJnl 01 £1,497,22412021.. £2,194,855). Th8 final result WaB a net Snu¢•s• in funds 01 £80.gU12021: in¢r••s• 01 £250.2931. Tho objeGlive5 that V￿re Sel oui In 2021. 10 be achievèd In 2022. ￿re parfaly mai. Th• ¢h•rity dld f•ceive funds in 2022 from legaoés in Ihe arnounl ￿ £29,78912021.. £64.5811. The ¢05t ratio of r815ing fiJnd$ versus donatic41 irtome rewved increased in 2022 cotnpared to 2021and Ihls wa5 the result ol innaDon c05t t￿reaSo$ ol tho mailing corn￿nents fXMJfled wilh donors re$￿aIn9 wth fewer reSrX)ns￿ to the malling$ du*A to the do￿r5 being fearful of the currenl wallve financlal wsllions they ar8 encountering as a result of drarnatic increases in inflats)n in 2022. tlonation ￿CoMe Oecrea58d year over year ant5 expenditures for raising funds irKreased. As ￿?$ noted in Last years audit the charity CA)niinued wrfking wth local markèiing agency in 2022 and that change dwj resutt in devea5e in cost ol raising funds in 2018. 2019 #nd 2021 cOmpa￿d lo eadier years cost of raising funds. We Wul that rnay continue irend of reducing costs of raising funds in 2023 rf inflabon and the e¢on¢Nnic dwilum reverses coutse and improves in 2023 whrh would allow for increasgs In donalK)n lo posSi￿Y ewkrf8 Other avenues Of expandin9 Jr don8b.on revenue 51ream. Pagg 3 MEDICAL MISSION INTERNATIONAL (UK) TRUSTEES. REPORTICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Financial Re￿8W lcontlnu￿l Reseivos policy The Board has exarnined the rgquirem8nl Iree reserves whth are those unrestrided funds not Inv&sted In fixed a55ets, designated for specific puwjses or othen¥ise committed. The Trustees review its reseNes policy annually and consider Ihal the free re58rves h￿￿ by Iho charity should b8 broadty equwaknt lo Iwy) years of thè yearfy on going annual expendrtures lexdusive of GIKI. The Trustees deuded that MMI'S Iwj-term target level of free reservos should be b01ween £1.000,QOO and £1.400.000 whi¢h wovld gwe the chanty Ilexibility to ¢over temporary Ilmin9 diff8rences lor donat￿0 receipts. adequato working capitsi for CO￿ ¢o¥ts. and would allow MMI 10 res￿nd quickly to emergencEs wh8ro immediat• rdief is ne¢dgd. Al 31 Dgc8rnb8r 2022. Iho fr88 reserves ol tho chanty arnO￿nted to £1,379.713 12021. £1.298,80SI. Th8 Board acknowltdgts that Ihis falls r￿ah1 in lin¥ with ts largot fr88 reserve M￿mUM. Inveslmentpolicy The invesimernt Slraie9y Is sel by th• Irusl808. In Ivjhl of t￿ TnJst006 on rn6w•g Iha tnJBlaa8 h4vo r•vl•wed their investment poli¢y and s08k to bolh rnaximise relwn. wh¢l$t en8urhi9 sulf￿￿Trt Iyuidity to •nabkn lh• Chadtys fijnds lo be eX￿nded for chanlable purpos• as soon a$ possibl•. Pl•n# for lutur• p•rfod* The principal 8oure• of fundlry 1$ •/p￿I•d lo remain ￿ VO￿At•ry ir￿orne g•narat•¢ frorn dir•ct mail aw)eal8 to thp public. Th• charty ￿thnS to wgoroustycontinu• ils I￿.. expandiThJ its donor base, In crfder lo In￿a$* the lolal amount ol ch&rilatsK8 pro3rams that eart be funded 8ath year, incr8a$ing thè nurnber of donors who 9Ne to tho Chaity (￿ • fixod s¢h•dubè, 41 ¢rdgr to fvrthef roduce the ￿¥¢8 01 raising Ivnd$,' 8nd encouraglng d of ¢(*i)pany lawl ar respon5ibl8 for pyeparlng lh8 Tiusiee5' Rew)n an¢J Ihe flnanciai $taioments in accordanc8 wilh applicab￿ law and United Kingdom Acwursting siandards (United Kingdom GgnerallyActepted ALrounting Practice.) Company law ffjouires Irusta8s 10 p￿pare finan￿al slatement5 lor each finanoal yeaf which gN8 a true and lair view of the stale ol the affairs of the charilatAe (x)mpany and of ¢he IncLyning reswrces and application of wources. includin9 the income an¢J expenditure. of tharital)le ccMp￿Y for that Feriod. In preparing the6e financlal st8l?ments. Ihe Iruslee$ arè raqulred to.. seknt suilatse accounting pOI￿leS and then appty thern ¢onsisiènlly. observe Ihe methods and prin0p￿S in the Chankne5 SORP., make jUdge￿￿nIS and 8$timates that are reasonable and pnjdenl.. slate whether applicable accounting standards. induding FRS 102. have been fLlbJwed, sutr4ect to any materwl departure5 disclosed alld explained In th• financsal state￿nts. sta18 whether a Ststemenl of Recorn￿￿nded Pradice ISORPI aFWi8s and has been Idbwed, subject lo any material departures which are 8xplainei¢*n Srth LLP. stat￿ory Authior Floor 9 Appold str￿1 London EC2A 2AP Page 9 MEDICAL MISSION INTERNATIONAL (UK) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unre$trlGtfrd Funds 2022 2021 Nol• InGom• Donalions and leg8cles Donations Gift aid repa￿ent clalms Legacies Gifts in Kind Investmenl income.. Bank Inler&st Total Income 342.887 50,563 29,789 1.152,210 2,703 1.578.132 454,289 68.460 64,581 1.857,717 101 2,445,148 Expondltur• on: Raising funds Charitable actlvlties Total exp•ndlturg 134,698 1,362,526 1,497,224 129.788 2,065.067 2.194,855 Net mov•m•nt In lunds 80.908 250.293 Total Fund$ Brough¢ ForbY¥rd 1.298.805 1,048,512 Total Funds Carrled Fopward 12 1.379,713 1,298.805 Tho statement ol fin8ncial actiwti•s Inc￿¢jeS gains and hsses recognised in th& y••r. All incom8 8nd èxpenditurfr derive from ￿ntinUIng ¢)P8rations. All income exponditure relate to unrestricted funds. Thè notes on the acCompan￿.￿j pag8s form a part of thosè fi￿n¢la1 statements. Page 10 MEDICAL MISSION INTERNATIONAL {UK) BALANCE SHEET AS AT 31 DECEMBER 2022 Not• 2tr22 2021 Flxed A•sets Tangible fixed assets Currnnt A•￿t￿ D6blors Cash at bank and in hand 10 10.62S 1.3W.205 1.4(￿.830 13,828 1.309.784 1.323,410 Cre4ltory&'. Amounts falling du• withln on• y?ar 11 21.117 24.605 Not Currnm Ass¢ts 1 379.713 1.298,805 Totsl Net A•s•ts 1,379.713 1.298.805 Funda Unrestricted fvnd• 12 1.379,713 1.298,805 Th8$e financial statements have b•en or$pare# in accord8w Trmth th• Provis￿r* ¥pplicable to ¢x)mpanies subject 10 the small cornpanitrs reg￿e wthin Part 15 01 the Compani1* Act 3x6. The notes on Ihe acc¢rnpanw￿ pages form • Ihese ftnwv81 Statwnen Apwoved by, and 3Ulhfxised for dlstrttr￿tKJn. tho 8o*d of Tru#tv8 on... . ..... and $igned on their behall by.. R. Kendrick Tru#tee Coffjpany Regi¥tration No. 04798450 Page 11 MEDICAL MISSION INTERNATIONAL (UK) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Cash flows frovn operating activitie¥ Net Income Adju5trnents for.. Intoresl rece¢ved Decreasel lincreas81 in d&blors IDgcrea5eV increasè in ¢reditors 0.908 250,293 12.7031 3,001 13.488) 16,6891 8.811 N¢t ¢a•h lultd Inl 19enerat•d by op•ratlng actlvltl•• 77.718 252.314 Cash flows from Inv•¥ling actlvltl•¥ Inier05t received Net ¢ash from Inve¥tln9 actlv5tl•• 2.703 2.703 101 101 Change Sn caih and ¢o$h •qulval•nt$ In the year Cash and cash equivalents at baginnin9 01 year 80.421 1,309.784 252,415 1,057,369 Cash and cash •qulvalont$ •1 •nd of y••r 1,390,205 1,309.784 Analysis of changes In nel debt At 1 January Cashfkn 2022 Foraign Exehango Movernents At31 Dec•mb•r 2022 Cash at bank and in hand 1,309.784 80.421 1.390,205 roTAL CASH AND CASH EQUNALENTS 1.309,784 80,421 1.390,205 Pa￿ 12 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Aecountlno Ptsllcle8 A s¢Jmrnary ol the principal ac¢ountir¥J Oicies &opted, judgements aTrJ key sout(*y of ests'mation uncertalnly are sel out beknv. Ba$ls of Preparation of the Financial Statements Th8 financial Slalements have been pr8paretl In ac¢or¢Jance wlh th& FinanrAal Roportlng Standard aP￿ICabl6 in th8 UK and Republic ol Ireland IFRS 1021. The charitable company s$ a public benefrt entity for th8 PLJrrM)sès ol FRS 102 and a T￿lStere(l charity &Sta￿lShe￿ as 8 company limiled by guarantee and the￿ltsre ha5 also prepar¢d its financial slalements In accofdatKè wilh the Stst8n*nt ol Recomrnended Pr8clice applieable lo charitie¥ propariry their auount5 In accordan￿ with the Finanaal Rewtiro Standard appllcablg In thg UK and Republl ol Ireland (The FRS 102 Charrties SORPI. the Companies Act 2006 and Chantiès Ad 2011. Th• financial slatemenls ar• pr•par¢d in sterliry. whkh Is th• fvn¢tbno1 currency of tho charity. rout)ded Its the ne8rest pound. Golng ¢on¢•rn The Irusleès have as58S8gd whether tho usa of w'ng concem and have considered po8sible avtsnls or coThlitions thai might cast stonifitanl dwbl ￿ the ability ol the charitabl8 ¢ornpany to conUnu8 as o going ¢oncem. Tho trbJst6es have made this assèssment lor a ￿n0d ol ai least one y88r from the datè of the approv81 of these financial stalemènls. In parbc¥Jlor. thè trustees have ctsisi¢Jored the th8rilabl& cornpany'5 lor8ca51s 8nd projections an(J hav• tsken accounl ol pressures on donat￿n8. Aft*r m8king enquiries. tho trust•es have ¢on¢luded that Ih6r• Is a reasonable expactation that the charitable company will have adequate r•Jourcès to continue in operational •xi5t8nc¢ for Ihe foroseeable Ivtur8. The tharita￿e ￿mPanY th?rgfore contlnue8 to adopt th• golng coneem basls In pr•pariNJ lig finawal slalem•nts. Donatlon In¢0mg Incom8 Is In¢luded on An accruats tsasls exeept thal donolkns under gift aid togelher ￿th the assoclatgd in￿m8 lax recoverfe8 8rè cr•Ji18d 8$ Inc4me when th¢ do￿¢￿)n# are received. L•g•¢y Ineom• Legacie8 ere recognised in Ihe statement ol finanrial activibos when the charity has enUd6menl, lha￿ 18 8 rnore probaue than not chaJ)ce ol receipt, and their value can be accuralely rneasur8d. Gffts4n.Klnd Income in tho form of girts In kind are In￿l￿eLl In the Ststement of Financial Ath"vitie¥ only when assais donated to the charity are distribuled. Gifts in kn'nd ar8 donations of commorlities dir8Ctfy usable in tharitable programrves such 85 food. clothing and mediral suppliès. The ¥￿Ye of gifts In kind recognlse¢J In ineome 8niY the ¢¢rre5ponding amounts recognised as tharilat40 exp8ndilurè 1$ based on V￿￿kSale pnces provld6d by B leading supplier ol medicinos. Gift Repaym•nt5 Incorne from gift aid repayment claims is onty indutknj lof elaims %thich hav8 submltted for tax poriods ènding on or bef￿9 the year ond and when the recwpt of income is tmjre probablg than not. Page 13 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 A¢¢ountlng Poli¢i•s l¢ontlnu•dl Expenditur• Expenditure, %%thich is charged on an awuals basis. is allocated befvRen'. exp6ndilure inrAJrred directly in the effort to raise voluntary contributions Ic#)st of raising funds); and expenditurè ineurr¢d directly lo the fuifilmenl ol the thariW8 objectives l¢h8ritable exp8ndilurel. Charitable acbvities compristrs all Ihg expenditur• incurr8t1 by th• d)arity in maoting its charitabla objectives 8nd is further analy3ed between". grants payable in the lurthefance ol the ¢hariV$ ¢)bie¢tives cos15 of activities in fkjrtherance of the charitls objectives support co$ls ol Ihe charily Where items of expenditure invofve more than one cosl category these costs have been apportioned on a rèasonable basis a5 delermined by th8 trustees. One pafticular area the cost is matorial to th8 ch8rity 15 In the prodLbCtion and dislribution of th• mail shots. One of the purposes of the mall shot Is to dèvelop A datsba8• of namès of paopl• with a poiti¢ul8r intero81 In th8 aciivitl¢$ ol thg and It5 charl¢able object5. Furthermore Ihe expendlture has bo*n 01￿￿81$￿ on Ih• b•$i$ tsl %th¥ther the educaiv)nal content of the individual mail shol is Signifi￿ntlY high ènough so as io b• mai•rial. Whèn Ihis holds tru¢ Ihg Cost 91 th¢ rnail shot is albcated on a prcwaia basis comparing thg educaiKJnal ¢oni¢ni l¢o$t$ in lurtheran¢e ol ihe charily's objects) to thè lund raising content Ico8t5 01 generating funds). The educational ￿ntent Is detemiinèd by the amount of text on e8¢h mal shot Ihal 18 dedicated lo material ol an educational nature. Fund raising expendituro 1.0. text that may induce a donation from Ihts recypient, is allocated upon Iha basls ol the volume of Ihe text and 9p8￿ Ih81 1$ nol reLgl•d to text of an 8ducab.onal n8￿re. Support costs ¢ompnse all other ovethea¢J costs for Ihe nJnning of thg ¢harrty as an organisalion and the costs primaiily associated with the conslllul￿nal and staiuiory requlrnmnts. Fund Accountlng Unre51ricled funds are donauons and othgr in¢m re￿1¥¥d or 9enerated for expenditure on lh• gen8ral obieGts've5 01 the chadty. For91gn Curr•ncl•s Transaciior¥s in foreign oJrren¢ies are translatod at th• •xehange ratg ruling 8t Ihe date of the transacllon. the average rale being usèd as an approximation lo this rate. Monetary assets and liabiliti¢$ in foreign currènci88 are translated at the raies ol ex(*ange. ruling al Ihe balanee sheet date. All ox¢han9e differences are dealt wth through th8 Stat8menl of financial activiiies. Tanglble Flx¢d Assets and Depreclatlon Depreciation is calculated lo write down Iho C￿1 I￿ ￿timated residual value of all tanglble ftxed assets held lor ¢harity use by equal annual installments over their expected useful economic liva$. The rates generally applicable are-. Office equip1￿nI. fixtur•s and fitbn 3 years straight Ilne All tsngibk fixed assats costing mortr Ihan £250 are Ca￿all$ed at thgSr cost lo the ch8llty. Page 14 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Crltlcal a¢¢ountlng •stlmato5 and ar•a8 of judgemgnt In the view of the trusiees in applying Ihe accounting policies adopted. Th) judgements were required olher than the 9ift in kind detailed in the Acc(¥Jnling Policies thal have a significant effect on the amounts recognised in the financial statemenis nor do any esDmate5 or a55umplions made carry a significant rfsk ol material adjustrnent in th6 next finanryal year. Other financial instrum•nts Cash and c35h &qulvalgnl$ Cash and cash equivalents include cash at banks In hand and short tèrm depo$its with a rnatU￿ty dat• ol thf89 mnihs crf less. 11. Dèbi¢f5 and cr•di¢ors Debtors and cr8d610f8 receivable or payAbl• v•ithln ono ytr•r of the reporting dale ar• ¢arrJ4tJ •1 their al ironsaction price. 2 N•t mov•m•nt In funds 2022 2021 Movement In lunds stalod aftor charglng: Foreign exchangg10$8 Audil(>rs' rgmun8ralion.' - Audit services - Audit services in respect of prior 1,541 889 13,928 4,018 13,457 5.051 3 FurKI Ral•Sng and Publlclty 2022 2021 MailsN)tg Other located suppJrt costs (Seo Note 51 87,011 44,169 3.518 134,698 75,530 51.063 3.19S 129,788 Page 15 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 4 Charltablg Activitles 2022 2021 Grants Proqr•mme Gifts irn kind Grants paid to Insiilulknns 1.152.210 80,403 1.857,717 76.622 1,232.613 34.598 1.934.339 42.285 76.6 Support CO8t8 of grants pro9ramme aclivty Isee Note S) A total ol 7 in51ilutions re¢glve¢J grants from MMI IUKI in 202312022.. 61. Plea$6 rèltsr to the Trustees. Raport for delall$ ol all granis pa￿. ost8 ol actlvltl•s In lurth•r•ne• of th• eharW• obj￿11¥•* 2022 66,701 28,614 2021 60,202 28.241 Education and ¢J¢velopmenl Support costs of oducalion and developmanl IS•• Nol• 51 Total Charltabl• actlvltS•8 Page 16 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Support Cost• Grant Programm• Educatlon and O•vèlopmont Fundraising 2022 Salaries Occupancy costs Shipping expgn808 Loss on ltsreign exchange 996 19 8.961 166 9,957 185 23,081 23.081 1.541 Governance Costs.. L8981 and professional fe85 Audit and Acctsunllng 2,113 11.517 13.630 390 17.946 18,336 31 Docembor 2022 Support Co•1* Grnnt Programm• Educatlon and O•velopm•nt Fundralslnq 2021 Salanes Occupancy costs Shipping èxpen$es Loss on lorgign gx¢han9e Go¥•man￿ Cosis.. 971 8,743 301 9,714 335 34,642 34,642 Legal and professional fees Audil and Accountit)g'. For rr¢nl y?ar 1,800 7.643 9,443 18,508 18,898 310ecembèr 2021 Pagè 17 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees remtsn•ration During 2022 and 2021 rK* Trustee received funds as l•mt￿r$emen1 fortravel eX￿￿se5 irKurr8d during attendance to m8etings ol the trusiees. Nts Trustee received refflun8ra￿n during the year or paywit for othw servicès12W21.. £Nill. Employees Number of •mployees The avorago numb8r of ompkJyee6 durir¥J the w¥: 2022 Numbar 2021 Nymb•r Office and Managemènl Employmenl costs 2022 2021 We￿$ and 6al8ri•# 9.957 9.957 9,714 9.714 No employee was paid ¢vgr £60,C(Q during th• y•ar12071.. None). Th¢ key rnanagemont personnel are ihe Truslgos. The lolal r¥muneraUon paid lo key managomeN pwsth)nèl wa¥ £Nil12021'. £Nill. Taxatlon The company. being a regi8lwed tharty. is rb)t I1•b￿ for ¢¢xporatson tsx In rèwt of ils 0￿rat￿n8 lor th• yèar. 9 T•￿91b￿ flx•d as••tJ Cornput•r •qulpm?nt At 1 January 2022 8nd at 31 Dec•mt¢r 2022 926 D•pr•el8tlon At 1 January 2022 Charge for year At 31 Decernber 2022 926 926 Net Book Value At 31 December 2022 At 31 Decembgr 2021 Page 18 MEDICAL MISSION INTERNATIONAL (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 0•btors 2022 2021 Other debtors Prepaymènts 10,545 80 10.62 13.546 13,626 I debtors apart Irom prgpaym8nts are finanual instrument5 measLtred at sèttl¢m•nl value. 11 Cr•ditor• Amount• falllng du• wlthln on• y•ar 2022 2021 Trade creditor3 Accruals 9,865 11.452 13.228 11,377 l eradittsrs except ae¢rual$ and tax and so(x•l ¥ecurity are flnanclal in$trumonia measured at stswemgnt value. Balanc• at 31 D6G•mb¢r 2022 B¥l•nc• at I January 2022 N•t surplus lor th• p•rf(*d 12 Unr•strl¢t•d Fund¥ Ganèral reserve 1.298.805 80.908 1,379.713 13 M•mb•r*' Ll•blllty The Charity is 8 company limrted by guarantee. In Ihe event ol 8 winding up. the membgrs, Ilabllity Is Ilmlted to £1. 14 Conn•cted Party Transacllon$ Two TnJsiees of the Charity IJo8eph Lam and Ruth Kendnckl assisted in th9 establishment of other Medlcal Mission IntematK)nal and Workl Chiklr*n's Fund charili&s throughout the world that Share similar vision5 and purposes as Medical Mission IntematKJnal IUKI and thoy are also on some of those other ¢hanlies' boards. HLwiever. thg Charily does r￿t Consol￿818 these fcygign enlilies in rts finonci81 slalements, as they are separate ￿934 ¥nblies vthh no on¢ controlling party. Ntrither were Ihere any fsnancial dèalings wlh thase en1￿.e$ during the y8ar. apart from those transactions. and ye&r end balances alrèady disckjsed bdow in accotdan¢& FRS 102. Page 19 MEDICAL MISSION INTERNATIONAL {UK) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 14 Connected Party Tran3actlon3 Icontlnu•il) AG slated prevvJusly in No16 6 of tho Fina￿la1 Statements. no Me