## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|6| |Independent
Examiner's
Report|||| |Statement of Financial Activities|||| |Statement of Financial Position|||| |Statement ofCash Flows||10|| |Notes tothe Statement ofCash Flows|||| |Notes tothe Financial Statements|12|to|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |REFERENCE AND|REFERENCE AND|REFERENCE AND|AD|MINISTRATIVE DETAILS|MINISTRATIVE DETAILS|||| |---|---|---|---|---|---|---|---|---| |Trustees (Directors)|||||DrSY Iftikhar|||| ||||||DrJ Ahmed|||| ||||||Dr A Rashid|||| ||||||Dr K Latief|||| ||||||SHussain|||| ||||||Dr2Sheikh|||| ||||||A A Najib|||| ||||||Dr I Ali|||| ||||||R U Amin|||| ||||||T Kent-Chapman|||| ||||||M Altaf|||| ||||||Dr Farhan Rashid (appointed|||6 May| ||||||2021)|||| |Key Management|||Personnel||DrSY Iftikhar|||| |Company|Name||||Midland
Doctors Association|||UK| |Registered||Office|||11 Snelston Crescent|||| ||||||Littleover|||| ||||||Derby|||| ||||||DE236BL|||| |Company|Secretary||||Dr A Rashid|||| |Accounting||Officer|||TKent-Chapman|||| |Registered||Company||Number|05818995(England||and Wales)|| |Registered||Charity|Number||1114559|||| |Independent||Examiners|||HSKS Greenhalgh|||| ||||||Chartered
Accountants|||| ||||||18St Christopher's||Way|| ||||||Pride Park|||| ||||||Derby|||| ||||||DE24 8JY|||| |Bankers|||||HSBC UK Bank Pic|||| ||||||1 St.Peteye Street|||| ||||||Derby|||| ||||||DE12AE|||| ||||||MCB Islamic Bank Ltd|||| ||||||MCB Tower|||| ||||||I.I.Chundrigar|Road||| ||||||74000 Karachi|||| ||||||Pakistan|||| ## ## ## ## |||||||2020|2019| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||fund|fund|funds|funds| ||||Notes|E|F|6|E| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||2|684,337||684,337|467,035| |Other trading
activities|||3|2,425||2,425|946| |Investment
income|||4|44|||77| |Total||||686,806||686,806|468,058| |EXPENDITURE ON|||||||| |Raising funds|||5|54,861||54,861|76,906| |Charitable
activities|||||||| |Hospital expenditure||||373,993||373,993|448,584| |Village expenditure|||||||4,703| |Other charitable
expenditure||||36,075||36,075|| |Dubai office costs||||4,080||4,080|22,815| |Covid expenditure||||16,812||16,812|| |Education
expenditure||||839||839|| |Other||||9,251||9,251|13,236| |Total||||495,911||495,911|566,244| |NET INCOME/(EXPENDITURE)||||190,895||190,895|(98,186)| |RECONCILIATION|OF FUNDS||||||| |Total funds brought|forward|||2,782,740||2,782,740|2,880,926| |TOTAL FUNDS CARRIED FORWARD||||2,973,635||2,973,635|2,782,740| ## ## |||||2020|2019| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes|f|F|6|F| |FIXEDASSETS|||||| |Tangible assets|13|2,471,483||2,471,483|2,443,784| |CURRENT ASSETS|||||| |Debtors|14|19,361||19,361|28,019| |Cash at bank and in hand||505,000||505,000|322,405| |||524,361||524,361|350,424| |CREDITORS|||||| |Amounts
falling due within one year|15|(22,209)||(22,209)|(11,468)| |NET CURRENT ASSETS||502,152||502,152|338,956| |TOTAL ASSETS LESSCURRENT|||||| |LIABILITIES||2,973,635||2,973„635|2,782,740| |NETASSETS||2,973,635||2,973,635|2,782,740| |FUNDS|17||||| |Unrestricted
funds||||2,973,635|2,782,740| |TOTALFUNDS||||2,973,635|2,782,740| |||for t|he Year Ended 3|1December 2020|| |---|---|---|---|---|---| ||||Notes|2020
6|2019
f| |Cash flows from|operating|activities|||| |Cash generated
from operations|||1|307,783|8,651| |Net cash provided|by operating
activities|||307,783|8,651| |Cash flows from|investing|activities|||| |Purchase oftangible fixed assets||||(126,617)|(180,566)| |Sale oftangible
fixed assets||||1,385|7,965| |Interest received|||||77| |Net cash used
in|investing
activities|||(125,188)|(172,524)| |Change
in cash|and cash|equivalents|||| |in the reporting|period|||182,595|(163,873)| |Cash and cash equivalents||at the|||| |beginning
ofthe|reporting|period||322,405|486,278| |Cash and cash equivalents||at the end|||| |ofthe reporting|period|||505,000|322,405| ## ## |RECONCILIATION
ACTIVITIES|OF|NET INCOME/(EXPE|NDITURE)
TO NET CASH|FLOW FROM OP|ERATING| |---|---|---|---|---|---| |||||2020|2019| |||||6|F| |Net income/(expenditure)||for the reporting|period (as per the||| |Statement of Financial Activities)||||190,895|(96,186)| |Adjustments
for:|||||| |Depreciation
charges||||97,748|90,283| |(Profit)/loss
on disposal offixed assets||||(215)|375| |Interest received||||(44)|(77)| |Decrease
in debtors||||8,657|15,258| |Increase
in creditors||||10,742|996| |Net cash provided|by operations|||307,783|6,651| ## ## |ANALYSIS OF CHANGES
IN NET FUNDS|||| |---|---|---|---| ||At 1/1/20|Cash flow|At 31/12/20| ||||6| |Net cash|||| |Cash at bank and in hand|322,405|182,595|505,000| ||322,405|182,595|505,000| |Total|322,405|182,595|505,000| ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LEGACIES||| |---|---|---| ||2020|2019| ||E|6| |Donations|667,309|446,477| |Gift aid refunds|17,028|20,558| ||684,337|467,035| ## ## |OTHER TRADING|ACTI|VITIES||| |---|---|---|---|---| ||||2020|2019| ||||6|6| |Patient fees|||2,425|946| |INVESTMENT INCOME||||| ||||2020|2019| ||||E|6| |Deposit account interest|||32|77| |Interest receivable - trading|||12|| |||||77| |RAISING FUNDS||||| |Raising donations|and|legacies||| ||||2020|2019| ||||E|6| |Rent, rates and water||||9| |Donations
administration||fees|7,777|6,160| |Advertising,
venues|etc||29,807|70,737| |Support costs|||(215)|| ||||37,369|76,906| |Other trading activities||||| ||||2020|2019| ||||E|| |Support costs|||17,492|| |Aggregate
amounts|||54,861|76,906| ## ## ## ## ## ## ## |||||||Support||| |---|---|---|---|---|---|---|---|---| ||||||Direct|costs (see||| ||||||Costs
f|note 8)
f|Totals
6|| |Hospital
expenditure|||||373,949|44|373,993|| |Other charitable
expenditure|||||16,400|19,675|36,075|| |Dubai office costs|||||588|3,492||4,080| |Covid expenditure|||||16,812||16,812|| |Education
expenditure|||||839|||839| ||||||408,588|23,211|431,799|| |GRANTS PAYABLE||||||||| |There were no grants|paid during|the year|(2019: 612,000 - Kashmir
Orphan|||Relief Trust|paid|toward| |the construction
of3 houses for housing of|||children|in need).||||| |SUPPORT COSTS||||||||| ||||||Governance|||| ||||Management||Finance|costs||Totals| |||||5|6|5||E| |Raising donations
and|legacies||||(215)|||(215)| |Other trading
activities|||17,719|||(227)|17,492|| |Hospital
expenditure||||||44||44| |Other charitable
expenditure||||7,077|2,135|10,463|19,675|| |Dubai office costs||||2,963|529|||3,492| ||||27,759||2,449|10,280|40,488|| |NET INCOME/(EXPENDITURE)||||||||| |Net income/(expenditure)|is stated|after charging/(crediting):||||||| |||||||2020f||2019
6| |Independent
examiners|fees|||||1,850||1,480| |Depreciation
-owned assets||||||97,748|90,283|| |Other operating
leases||||||2,410||2,418| |Surplus/(deficit)
on disposal offixed assets||||||(215)||375| ## ## ## ## ## ## ## |STAFF COSTS||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2020|||2019|| |||||||||||f|||6|| |Wages and salaries||||||||||170,425||166,339||| |||||||||||170,425||166,339||| |The average
monthly||number||ofemployees||during||the year was as follows:||||||| |||||||||||2020|||2019|| |Medical staff||||||||||44|||40|| |Maintenance
staff||||||||||6|||6|| |Security||||||||||3|||4|| |Administrative
staff||||||||||9|||5|| |Other staff||||||||||9|||6|| |||||||||||71|||61|| |No employees
received emoluments|||||in excess||ofF60,000.|||||||| |FOREIGN CURRENCY TRANSLATION||||||||||||||| |Realised losses on translation||||offoreign currencies||||amounted|toF23,392(2019:F10,318).|||||| |The presentation
currency|||is the Pound Sterling (5).|||||||||||| |The main functional|currencies|||of the charity are||||the Pound|Sterling (f) in the United||Kingdom,||and|t| |Pakistani
Rupee (Rs)||for|expenditure||incurred||in|Pakistan,|along with United|Arab Emirates||dirham||| |expenditure
incurred|within||Dubai.|||||||||||| |TANGIBLE FIXEDASSETS||||||||||||||| |||||||||||||Fixtures||| ||||||||||Freehold|Plant and|||and|| ||||||||||property|machinery|||fittings|| ||||||||||6||||E|| |COST||||||||||||||| |At 1 January 2020|||||||||2,424,639|367,829|||72,527|| |Additions|||||||||18,166|55,241|||46„282|| |Disposals||||||||||(1,300)||||| |At 31 December 2020|||||||||2,442,805|421,770||118,809||| |DEPRECIATION||||||||||||||| |At 1 January 2020|||||||||332,874|85,659|||27,134|| |Charge for year|||||||||48,856|33,741|||9,168|| |Eliminated
on disposal||||||||||(130)||||| |At 31 December 2020|||||||||381,730|119,270|||36,302|| |NET BOOK VALUE||||||||||||||| |At 31 December 2020|||||||||2,061,075|302,500|||82,507|| |At 31 December 2019|||||||||2,091,765|282,170|||45,393|| ## ## ## ## ## ## |DEBTORS:A|MOUNTS
F|ALLING DUE WITHIN|ONE YE|AR|| |---|---|---|---|---|---| |||||2020|2019| |||||6|| |Other debtors|||||20,000| |GIR aid tax refund||||14,957|4,875| |Prepayments|and accrued|income||4,404|3,144| |||||19,361|28,019| |CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|||| |||||2020|2019| |||||6|F| |Trade creditors|||||6,083| |Other creditors||||1,153|| |Accrued expenses||||21,056|5,385| |||||22,209|11,468| |LEASING AGREEMENTS|||||| |Minimum
lease payments||under non-cancellable|operating|leases fall due as follows:|| |||||2020
6|2019
f| |Within one year||||170|1,324| ## ## |The property|lease|in place at|the balance
sheet date|may|be terminated|by giving|not|less than|30| |---|---|---|---|---|---|---|---|---|---| |days notice. Advance||payments|made shall be refunded|in proportion
to the||unused
tenancy||period.|| |MOVEMENT|IN FUNDS||||||||| |||||||Net|||| |||||||movement||At|| ||||||At 1/1/20
6|in funds
F||31/12/20
f|| |Unrestricted|funds||||||||| |General fund|||||2,782,740|190,895||2,973,635|| |TOTAL FUNDS|||||2,782,740|190,895||2,973,635|| |Net movement|in funds, included||in the above are as follows:||||||| ||||||Incoming|Resources||Movement|| ||||||resources
f|expended
5||in funds|| |Unrestricted|funds||||||||| |General fund|||||686,806|(495,911)||190,895|| |TOTAL FUNDS|||||686,806|(495,911)||190,895|| ## ## ## |Comparatives|for movement
in funds|||| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 1/1/19|in funds|31/12/19| |||E|E|E| |Unrestricted|funds|||| |General fund||2,880,926|(98,186)|2,782,740| |TOTAL FUNDS||2,880,926|(98,186)|2,782,740| |Comparative|net movement
in funds, incl|uded
in the above are as follows:||| |---|---|---|---|---| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||E|E|E| |Unrestricted|funds|||| |General fund||468,058|(566,244)|(98,186)| |TOTAL FUNDS||468,058|(566,244)|(98,186)| |A current yea|r 12 months
and prior year|12 months
combined
position isas|follows:|| |---|---|---|---|---| ||||Net|| ||||movement|At| |||At 1/1/19|in funds|31/12/20| |||E||F| |Unrestricted|funds|||| |General fund||2,880,926|92,709|2,973,635| |TOTAL FUNDS||2,880,926|92,709|2,973,635| |above a|re as|follows:|||| |---|---|---|---|---|---| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||E|E|E| |Unrestricted||funds|||| |General|fund||1,154,864|(1,062,155)|92,709| |TOTAL|FUNDS||1,154,864|(1,062,155)|92,709| ## ## ## ## ## ## ## ## ## ## ##