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← Sight For Life Trust

2025-06-30-accounts

ANNUAL ANNUAL ———eee 8 fi | at ; REPORT REPORT a . ~—— 2025 2025

CONTENTS

  1. President’s Foreword…………………………....................3 2. Introduction …………...……............................................4 3.Administrative & Legal Information…………........……......5 4. Trustees Report ..........……….……..................…….…...6 5. Objectives for the year ………...….....................….........8 6. Achievements & Performance …....................................9 7. Financial Review .........................................................13 8. Independent Examiner’s report ………..........................14 9. Statement of Financial Activities.……...........................15 10. Balance sheet …..........................................................16 11. Notes to the financial statements..................….……..…17

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PRESIDENT’S FOREWORD

It is my privilege to present this year’s Annual Report on behalf of the Board of Trustees and to reflect on another year of progress, challenge, and achievement for us. Over the past year, we treated more than 90,000 patients, making a meaningful difference by giving the gift of sight to those most needy.

The year has not been without its challenges. Like many organisations in the charitable sector, we operate in an environment of increasing demand and financial uncertainty.

The Board continues to ensure that the charity is well governed and financially sound. We are confident that SFL is moving in the right direction and remains well placed to meet the future needs of those we serve.

As we look ahead, we remain ambitious. Our priorities for the coming year are to deepen our impact and strengthen our sustainability. With the continued support of our donors and partners we are confident in our ability to achieve these goals.

We are also making steady progress in developing our endowment fund to ensure the long-term sustainability of our hospital. I encourage supporters to consider helping SFL through a legacy donation in memory of loved ones (Sadaqah Jariyah), so that this vital work can continue for generations to come

It is not possible to thank everyone individually, I would like to express my sincere gratitude once again to Ummah Welfare Trust and Sightsavers for their generous support.

On behalf of the Board, thank you to everyone who has supported SFL. Your trust and belief in our work are greatly valued. Together, we can ensure that preventable blindness becomes a thing of the past.

MANZOOR AHMED FOUNDER & PRESIDENT

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INTRODUCTION

Sight for Life (SFL) is a registered UK charity working to eliminate curable blindness among some of the world’s poorest communities. Through our partner Jannat Aziz Eye Hospital in Pakistan, we bring hope, dignity, and sight to people who would otherwise be left in darkness.

In rural Pakistan, where access to healthcare is limited, blindness is not merely a medical condition — it is often a life sentence. Families living in poverty simply cannot afford eye treatment, even though, in many cases, their blindness is entirely curable.

If a child cannot see, they cannot learn. Their education ends before it has truly begun, trapping them in a future without opportunity. When a parent or breadwinner loses their sight, the entire family suffers. Income disappears overnight. Children are forced to work or go hungry.

School becomes impossible. Poverty deepens, and the cycle continues.

One person’s loss of sight can push an entire family to the brink. And yet — this suffering does not have to happen.

With timely treatment, sight can be restored. Independence can be regained. Futures can be rewritten.

SFL treats over 90,000 patients annually performing more almost 13,000 life-changing eye surgeries using modern, state-of-the-art techniques. Each surgery is not just a medical procedure — it is the restoration of dignity, hope, and opportunity.

To someone living in darkness, the gift of sight means everything. SFL enables a child to study, a parent to work, and a family breaking free from the grip of poverty.

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ADMIN & LEGAL INFORMATION

Trustees

The trustees are appointed according to the Articles of Association to serve Sight for Life Trust in this term of appointment.

Bank:

National Westminster Bank Plc 5th Floor, 1 Spinningfields Square Manchester M3 3AP

Registered in England

Trustees for this financial year are Manzoor Ahmed Chaudhary Tahir Ahmed Amir Ahmed Tauqeer Sabir

Registered Office:

81 Newton Street, Manchester M1 1EX

Charity No. 1114528

Investment Managers:

St James Place 7th Floor, Sunlight House, Quay Street, Manchester, M3 3JZ

Hospital:

Accountants:

City AccTax Chartered Certified Accountants 91 St. Awdrys Road Barking, London. IG11 7QB

Jannat Aziz Eye Hospital (JAEH) Tufailabad Tehsil Burewala District Vehari Pakistan

13,OOO + PEOPLE SAVED FROM A LIFE OF BLINDNESS

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HONDRE INC.

YEAR 2030

TRUSTEES REPORT

The Accounts have been prepared in accordance with the accounting policies, set out in note 1 to the accounts and comply with the charity’s Trust Deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice” applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution of the Charity: The Charity is controlled by its governing document (amended 2022), a deed of Trust and is constituted as an incorporated charity. SIGHT FOR LIFE is a registered charity in England no. 1114528)

care and their ability to positively contribute to the strategic development of the charity. Trustees serve three year terms after which they may offer themselves for reappointment by the board. The charity also has a Management Board of Advisors, to provide technical support and guidance to Trustees on clinical matters, strategy, management and financial controls.

Appointments to the board are made as and when the need arises in order ensure good management and ongoing development, financial & risk management, set policies and monitor performance. They ensure high quality in all aspects of its operation through rigorous assessment and monitoring. Trustees for the year to date are:

Trustees:

SFL is administered by trustees who are appointed on the basis of their specifc skills, knowledge of eye

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HONDRE INC.

YEAR 2030

TRUSTEES REPORT

Sight for Life Trust, has teams that carry out rural outreach programmes to identify and refer for treatment to JAEH. Our clinical teams maintain a patient centric focus throughout the hospital.

No patient is ever turned away due to a lack of ability to pay for treatment. SFL is committed to quality thus we ensure excellent clinical care and operational efficiency in all aspects.

The charity’s great strength is that, in addition to the Trustees, we have a volunteer Board of experienced professionals who suppor t the charity’s work.

SFL has well defined and ambitious aims, and we work very closely with the operational teams in Pakistan. Majority of our patients are located in rural areas with poor communications, therefore a significant amount of our work is done through outreach field operations.

With JAEH we plan targets and expansion. Trustees and UK volunteers work alongside JAEH teams. Each visiting SFL Trust UK representative ‘hands over to the next representative' and reports back to the Board of Trustees.

Special Thanks to our par tners

OVER 12500 SURGERIES OVER 90,000 PATIENTS

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=a, “4 : li ¥ 7 2 OBJECTIVES FOR 2026 S , es

Ending Darkness with the Gift of Sight since 2005

Objectives for 2026

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PATIENTS TREATED

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----- Start of picture text -----
70,000
OUTPATIENTS
83,000
OUTREACH
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----- Start of picture text -----
13,000
SURGERIES
55,000
VISION ON
WHEELS
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Hospital Overview

Treatments Provided

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PATIENTS TREATED

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PATIENTS TREATED

TREATMENTS Laser - 1,003 OCT - 1,237 CCT - 182 Bscan - 899 Visual field - 193 Surgeries - 12882 OPD - 82,998 Refractions - 92,672

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PATIENTS TREATED

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FINANCIAL REVIEW

Review of the Financial Position:

Sight for Life (SFL) is reliant for income on the support of its donors for the furtherance of its objectives. The income for the period ending 30 June 2025 was £775,156 the financial results for the year are set out on pages 15, 16, 17, 18 and 19 and shows Net Assets balance of £1,911,897 including Endowment development with an investment property of £1,047,704; and investment fund of £469,635.

Reserves Policy:

Reserves at the end of the year under review are sufficient to maintain the Charity for the foreseeable future and further fund raising has been planned for the following year.

Principal Funding Sources:

SFL is principally funded through public and individual donations. SFL’s operating costs are funded by the trustees, and specific donors committed to helping the charity achieve its aims of eradicating curable blindness in Southern Punjab.

SFL's operational costs including administrative costs, overheads, bank charges and marketing costs are covered by separate specific funds including donations specifically given for admin costs, Gift Aid (tax relief), Corporate sponsors, our office premises are provided Free of Cost.

Plans for the Future:

Hospital Development - Increase Patient Beds to from 50 to 100; Increase Surgeries from 12,000 to at least 18,000 p.a. and Introduce a Third operational Vision on Wheels unit

Clinical Developments - Retinal Detachment Surgery; Pediatric Retinopathy; Glaucoma Treatment Prevention and Support; Diabetic Retinopathy

Statement of Trustees' responsibilities:

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 and application of resources including the net income and expenditure for the year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees, individually, are aware:

Accounts preparation

The Trustees confirm that the accounts comply with current statutory requirements, and with those of the governing instrument.

Accountants

City AccTax (Chartered Certified Accountants) were appointed as the Trust's Independent Examiners during the year.

Tahir Ahmed

Mr Tahir Ahmed Trustee Date: 29 April 2026

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INDEPENDENT EXAMINERS REPORT

I report on the accounts of the charity for the year ended 30 June 2022, which are set out on pages 15 to 19.

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 needed.

It is my responsibility to:

Basis of 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 statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

City AccTax

Chartered Certified Accountants

91 St. Awdrys Road

Barking, London IG11 7QB

Date: 29 April 2026

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30JUNE 2025

INCOMING RESOURCES Notes Restricted
£		 Unrestricted
£		 Total
2025
£		 Total
2024
£
Voluntary Income
Donations 304,768 395,701 700,469 541,741
Gift aid 0 48,415 48,415 31,194
Investment Income 0 26,272 26,272 15,457
Total Incoming Resources 304,768 470,388 775,156 588,392
RESOURCES EXPENDED
Charitable Expenditure
Donations to Janat Aziz Hospital 311,288 235,252 546,540 372,820
Administration Cost 2 - 108,874 108,874 88,082
Total Resources 311,288 344,126 655,414 460.902
Net incoming/(outgoing) resources -6,520 126,262 119,742 127,490
Total Funds brought forward 690,692 1,031,827 1,722,519 1,595,029
Total funds carried forward 684,172 1,158,089 1,842,261 1,722,519

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BALANCE SHEET AS AT 30 JUNE 2025

Notes 2025
£		 2024
£
Fixed Assets
Tangible Assets 3 1,047,704 492,609
Current Assets
Cash at Bank 4 196,206 815,353
Investment 4.1 469,635 430,217
Account Receivable 4.2 27,252 15,457
Other Debtors 4.3 172,000 0
Creditors
Amounts falling due within one year 5 (900) (900)
Net Current Assets 1,911,897 1,752,736
Net Assets 1,911,897 1,752,736
Funded By
Accumulated Surplus Account		 6 1,911,897 1,752,736

EXEMPTION STATEMENT

The trust is exempt from the requirement related to preparing to Audited Accounts in accordance to section 144(2) of the Charities Act 2011 (the 2011 Act). The trustees have not required the charity to obtain an audit of its accounts for the year in question in accordance with its governing document.

The trustees acknowledge their responsibilities for:

Signed on behalf of the trustees.

Tahir Ahmed

Mr Tahir Ahmed Trustee Date: 29 April 2026

The notes on the page 17 to 20 form part of these financial statements.

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Income

All incoming resources (Grants & Donations) are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Expenditure

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.

Fund accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund, together with a fair allocation of management and support costs. 2. OPERATING COSTS 2025 2024 Marketing, Social Media & Fundraising 105,264 85,463 Accountancy 900 900 Bank Charges 1,560 1,719 IT Services 1,150 - Total 108,874 88,082 Operating and admin costs of the charity were covered by gift aid (tax relief) and separate funds/donations from specific donors with their consent.[oe]

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

2025 2024 3. FIXED ASSETS - Opening Balance 492,609 Additons 555,095 492,609 - - Disposal - Depreciation charge for the year Ending Balance 1,047,704 492,609 == 4. CURRENT ASSETS 2025 2024 Cash at banks 196,206 815,353 Investment 469,635 430,217 Other Debtors 172,000 - Account Recivable 27,252 15,457 Ending Balance 865,093 1,261,027 = 4.1 ENDOWMENT INVESTMENT Sight for Life’s Endowment amount of £200,000, was invested with St. James` s Place Wealth Management on 31January 2022 for a period of 5 years to achieve returns of inflation plus 3% pa. During the year 2024, a further amount of £ 200,000 was invested in the Wealth account with realized gain of an amount of £30,217. In the current year, the investment further generated realised gain in the amount of £39,418 2025 2024 Opening Balance 430,217 200,000 Addition 200,000 Realised gain & Investment 469,365 430,217 ===

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

4.2 RELATED PARTY DISCLOSURE

During September 2023, Sight For Life purchased a property (70 Northern Grove) with a total acquisition cost of £492,609. The property management is managed on behalf of SFL by Marco Investments Limited, which includes collecting rent, repair, maintenance and management of the tenants, without any fees charged of the management. Rent receivables are due from the Marco Investments Limited of an amount of £25,042 with respect to the current year. During the current year, another property (44 Northern Grove) having value of £555,095 is purchased. The following serving trustees of Sight For Life are also directors of the Marco Investments Ltd. 1.Tahir Ahmed 2.Amir Ahmed 2025 2024 - Opening Balance 15,457 Rental Income for the year 25,042 15,457 - Received during the year (13,247) Total 27,252 15,457 === During the current year 2025, Sight For Life initiated a process for the purchase of land adjacent to 16 Alcester Road, Gatley, having value of £174,706.02, against which £172,000 is paid as advance during the year and balancing amount will be paid later, therefore purchase of the land will be completed and recorded as fix asset in the next accounting year.

5. LIABILITIES

Accountants fees & other liabilities 900 900

6. ACCUMULATED SURPLUS ACCOUNT Opening Balance 1,722,519 1,595,029 Change in Surplus for the period 119,742 127,490 Balance C/F 1,842,261 1,722,519 19 ~~———s~~

Registered Charity No. 1114528 81 Newton Street, Manchester M1 1EX e: info@sightforlife.org.uk | t: 0161 200 8445 www.sightforlife.org.uk www.janataziz.org

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