Charlty Reglstration No. 1119324 SILVER STAR DIABETES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Shenward ILondonl Llmlted Chartered Accountants & Business Advl$ors 1st Floor, Klrkland House 11-15 Peterborough Road Harrow Mlddlesex HA12AX
SILVER STAR DIABETES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms R E Carter MBE Dr D Mcconnell MrKVaz Charlty number (England and Wales) 1119324 Prlnclpal address Silver Star Diabetes 201 Uppingham Road Leicester LE5 4BQ Independent examlner D P Unarket Shenward (London} Limited Chartered Accountants & Business Advisor5 1 sl Floor, Kirkland House 11-15 Pelerborough Road Harrow HA12AX Bankers TSB The Roundway 284a Humberstone Lane Leicester LE4 9JN
SILVER STAR DIABETES CONTENTS Page Trustees, report Independent examiner's report statement of financial activlties Balance sheet Notes lo the financial statements 8-14
SILVER STAR DIABETES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and financial slalemenls for the year ended 31 December 2024. The flnancial statements have been prepared in accordance wlth the accounting policles sel out Sn note 1 to the financial statements and comply with the char51y's governlng document, the Charities Acl 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021 leffeclive 1 January 2019)" Objectlves and activitl8s The charlly's obleclives are.. 1. To educate and train the general public in the United Kingdom on 811 mallers related lo diabetes and r6laled dlseases, Includlng ils causes, symptoms, Ireatmenl and research, as well as the challenges fae8d by those who suffer from it. 2. To raise public awareness of thè 8xistenc8 of dlabelés, aimlng lo combat It before il progresses from a pre- dlabet6s stage lo a diabetes stage. 3. To promote and protect the physical and mental health of individuals suffering from diabetes, by providing screening facililies, equipment and services. 4. To promote research into diabetes and lo publish the useful results of such research. S. To apply the incom8 and Ihg capital of th8 charity for such other charitable purpose8 and registered charili8s as the trustees, in Ihelr absolute discretion, deem 8pproprlate from Ilme lo time. Thè Trustees meet regularly lo revlew the affaSrs of the charily.They have pald duo regard to guSdance issued by the Charity Commisslon when declding which aclivilles the charity should undertake. We have referred lo the Charlly Commlsslon's general guidance on public benefit in the feview of our work presented In Ihls report. The chaiily belleves il has demonslraled that 11 provides publlc benefit through the servlces it offers and the largel groups il seeks lo help, Further details can be found on the charity's webslle.. www.silverstardlabeles.com Since ils establlshment, the charily has leslod over 69,429 people for dlabetes, referred over 4,500 people for pre- diabetes, and has, in the past, provlded courses of insulin for people in North Africa. Throughout ils existence, Silver Star Diabetes has worked with 330 different partners. It has asso organized over 250 diabeles awareness camps internationally, including camps held in Bangladesh, India, and Tunisia Achlevements and performance OFFICE REVAMP AND IMPROVEMENTS Silver Star Dlabeles has undertaken a revamp of ils office In Lelcesler to improve both funclionalily and aeslhelics. A new signboard has been installed al the front, providing a fresh, professional appearance for visitors and passersby. A digital screen has also been placed in the front window to display key information and updates, helping th8 public lo stay informed about the charity s aclivilies. Inside the office, the space has been declullered by removing old furnitur8, waste, and ouldaled files. Creating a cleaner, more organized, and welcoming environment for staff, volunteers, and visitors. These improvements support the charity's operational efficiency while enhancing Its public presence.
SILVER STAR DIABETES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 DIABETES CHAI CHAT The Diabetes Chai Chat initiative continued to thrive throughout 2024, delivering impactful sessions that brought together healthcare professionals, patients, and the wider community lo focus on the prevention, management, and potential remission of diabetes. A total of 280 people participated, supported by increased promotion through charity leaflets and1ocal GP practices to encourage engagement. Highlights included talks in July by Dr. Siva Sivappriyan on preventing complications, Dr. Hina Trivedi on diabetes and COVID-19 updates, and Dr. Kesar Singh Sadhra on Improving control and potential reversal. In August, Mr. Akhil Sharma shared his personal journey of lifestyle change and remission, while September sessions covered diabetes and kidney health with Dr. Mohammed Vaseemuddin, diabetes medications with Dr. Dave Sawh, and diet and carbohydrates with Ms. Anais Le Blanc. October focused on dual management of weight and diabetes with Dr. Kelan Pakhale and dietary interventions for remission with Ms. Derye Husein. November concluded with discussions on the role of pharmacists in diabetes care by Mr. Jimmy Desai and diet planning by Ms. Sandeepa Soni. MDU VISITS The Mobile Diabetes Unil IMDUI remained al the heart of Silver Star's community outreach in 2024, providing free and accessible diabetes testing directly to people where they live, work, and celebrate. Throughout the year, the MDU attended a wide range of community events, health fairs, and places of worship, reinforcing the charity's commitment lo early detection and prevention. Highlights included the LBFC Tournament in August, where 41 people were tested, Leicester Mela with 116 tested, and the Krishna Janmashtami Festival with 72 tested. September marked the start of summer street testing. where the Unit visited individual roads, informed residents in advance, and encouraged them lo attend for doorstep testing. This iniliatlve saw 28 people tested at Asfordby Street, 10 at Rushford Drive, and 51 at the Evington Mela. In October, the MDU partnered with Manor Medical Centre in Leicester, where 225 individuals were tested. INTERNATIONAL WORK The international round of the 7th Annual Silver Star Diabetes Walk was launched by inleinalional superstar Dhanush. Funds raised support Silver Star Diabetes, mission, including the proposed purchase of an additional Mobile Diabetes Unil and conducting diabetes prevention camps globally. The 10-mile charity walk spans three continents, enhancing awareness and fundraising reach. Silver Star's Annual International Dlabetes Camp was held in collaboration with Mother Hospital in Thrlssur, Kerala, India, where more than 275 individuals were screened and received free diabetes testing and support. The event marked a significant step in raising awareness and promoting early detection internationally, made possible through the extensive efforts of Mother Hospital in promoting the camp and actively supporting ils delivery. Additionally, Dr. Chelan J. Somaiya, a respected denlisl and founder of The Dental Place in Thane, was appointed as an International Ambassador for Silver Star Diabetes. His commitment to global community health will play a vital role in advancing the charity's mission of diabetes prevention and education worldwide, with plans underway to hold diabetes camp in Mumbai in 2025. PARTNERS We are deeply grateful to our many partners who have supported and collaborated with us. In particular, we thank Neon Diagnostics and CEO Naseem Valji for their continued partnership. We also acknowledge the valuable contributions of Bestway, Viclor Hospital, Mother Hospital, and Saravana Bhavan. Key Indicators by the End of 2024 Silver Star Diabetes tested a lifetime total of 69,429 people through ils Community outreach. During the year alone, 11 Chai Chat sessions were delivered with expert guest speakers. We remain deeply grateful to our volunteers, whose dedication and support have been vilal to achieving this success.
SILVER STAR DIABETES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal revlew The charity has maintained a progressive level of income. The Trustees ensure that there are always sufficient funds In reserves lo maintain their activities should there be any decline in donations The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure lo the major risks. The charity is to continue providing free diabetic lestlng and information about diabetes across the United Kingdom with visits from the MDUS,. During this period, the charity also continued to offer online zoom group sessions where they could give advice to patients. These sessions are lo continue for the foreseeable future. On top of this, the charity helps out al the Diabetics Village in Leicesler. The reslricled funds relate to a grant of £122,131 received in the year ended 31 December 2014. A letter of variation was received from the donor in the Year Ending 31 December 2016 explaining how the funds should be allocated. The charity has restricted funds carried forward of £70,308. structuras governance and management Sllver Star Diabetes was constituted by a trust deed dated 26 March 2007. The Charity was registered on 21 May 2007. The Trustees who served during the year were: Ms R E Carter MBE Dr D Mcconnell MrKVaz Trustees must be appointed by a resolution of the Trustees. As per the trust deed there mu51 be no less than two or more Ihan five trustees al any one time.
SILVER STAR DIABETES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Slatemeiit pf Truslee8' responsllillltles Tho Trustees are resp01151blo lor preparing Ihe TrLislees' Reporl and the Iinai)cial slalemenls In accordance wilh applicable law and Uniled Klngdom Accounliiig Standards IUni16d Klng(loiii Gonofally Arcepled A¢counling Pracllcel. Tlie law applicable lo charllles in England and Wal85 roquir85 the Trusloos lo prepare Ilnanclal slalemonls lor eacli rinancl81 year whlcli glve a Irkje and 18Sr view ol the slate ol allalrs of Ilie chaiily ¢Jn(l 011118 inojming resources and applicallon ol rosources ol the charily for11)al year. In preparing Ihese financial slalemenls, the Trustees ale requlred lo: 8elecl 8ullabl8 a¢counllng pollcles 8nd11)en apply Ih8m ceiisislenlly, observg the melhods and prlnclples In the Gharilies SORP., make ludgemenls and esllmales that 81e rfrasonablo and prudent,. slate whether appllcable accounllng slandofds have be6n lollowed, sublecl to any malerial departures disclosed and explalned In the linanclal 818lémonls', and prepare the financlal slalemenls on the going concern basls unless11 1$ in8ppropriale lo presume that the charity will eonllnuo In operation, The Tru$lee$ 8r8 iesponslble for keeplng sulflcienl accoLinllng records th81 disclose with r8asonable accuracy al any Ilme Ihe flnancl81 posS1ion ol the cl)arily and enable Ihem lo onsure that the linanc581 slalen)enls comply wilh Ihg Cliaillles Acl 2011, the Charity (Flnanclal slalgmpnls And Reporisl Regulallons 2008 and tho provisions ol the Irusl deed, They aro Blso responsiblÉ lor safeguafding the assels ol Ihe charily and henc8 foi laklng reag)nablo steps lor the pr@venllon gnd delecllon ol fraud and olh8r Irregularilles. The Trustees, 18port wa8 8pproved by the Board of Trusle8S. (n _ Ms R E Carter MBE Trustee 0816d.. 24.l.ql.H4A. Dr D Mcconnell Trustee Dalod...?w.lY.J.?.oA MrKVaz TrL151ee Daled..I4,1.9.1.?oJ.
SILVER STAR DIABETES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SILVER STAR DIABETES I report to the Trustees on my examination of the financial statements of Silver Star Diabeteg {'Ihe charity'l for the year ended 31 December 2024. which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees. as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state lo the Charity's trustees those matters l am required lo slate to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responslbllltles and basls of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'i. I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Act and In carrying out my examination I have followed all the applicable Dlrections given by the Charity Commission under section 145(5)(b) of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor conslders in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial slalemenls present a 'true and fair, vlew and my report is limited lo those specific matters set out In the independent examiner's statement. Independent examlner's Statement I have completed my examination. I confirm that no malerlal matters have come to my attention in o)nnection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as requlred by section 130 of the Act., or the financial statements do not accord with those records., or the financial slalements do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to whi ch attention should be drawn In this report in order lo enable a proper understanding of the financial statements to be reached. Mr D P Unarkel FCCA Shenward (London) Limited Chartered Accountants & Business Advisors 1 st Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA12AX Dated..
SILVER STAR DIABETES STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restricted funds funds Total 2024 Total 2023 Notes Donations Investments Other income 36,261 14,478 2,278 36,261 14,478 2,278 33,288 16,043 1,473 Total Income 53,017 53.017 50,804 Raising funds 648 648 552 Charitable activities 49,126 49,126 86,456 Total resources expended 49,774 49,774 87,008 Net In¢omel(expendlturel for the year 3,243 3,243 136,204) Net movement In funds 3,243 3,243 (36,2041 Fund balances al 1 January 2024 451,332 70,308 521,640 557,844 Fund balances at 31 December 2024 454,575 70,308 524,883 521,640
SILVER STAR DIABETES BALANCE SHEET AS AT 31 DECEMBER 2024 2024 202J Notos Flxed as8ètg Tangiblo assets Inveslmenl property 1B 350.000 18 350,000 10 350.018 350.018 Curroiit £1988t8 Cash 81 bank and In hand 175,515 174,395 Credltors: ailloiints falllng due wlthln ono yoar 12 16501 (2,773} Nel currenl asset8 174,865 171,822 Total assè18 less ¢Lirranl Ilablllllos 524,683 521,640 Iiicom& fund8 Reslrlcled lunds 16 70,308 70,308 Unreslrlcled funds Fulr value reserve 16 15 319,887 134,886 318,444 134,888 454,57a 451,332 524,883 521.640 Aulhor18ed by tha Trust868 for Issue on3.V Ms R E Cart8r MBE Tru8tgo Dr D Mcconnell Trust89 MrKVaz Trustee
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles 1.1 Accountlng conventlon These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102 }, "Accounting and Reporting by Charities the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as il applies from 1 January 2019. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a true and fair view, This departure has involved following the Slalement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the Financial Statements, the trustees have a reasonable expectation that the charity has adequate resources lo continue operational existence, as well as receiving donations from well wishers Thus the trustees, continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees In furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors as to how they may be used. The purpose and use of the restricted funds are set out in the notes to the financial statements. 1.4 Incomlng resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donatiorss are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donated goods, services or facilities are included in incoming resources when the benefit to the charity is reasonably quantifiable and measurable. They are valued by the trustees at the amount the charity would have been willing lo pay for the goods, services or facilities on the open market value. The charity does not recognise the volunteer lime in accordance with Statement of Recommended Practice for charities applying FRS 102.
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles IContSnuedl 1.5 Resources expended Expenditure on charitable activities includes the costs of activities undertaken to further the objects of the charity and their directly associated costs. Support costs are those costs which have not been directly allocated to an activity of the charity but nevertheless support those activities. Governance costs Comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. FSxlures, fittings & equipment Motor vehicles 25 % per annum on a straight line basls 250/0 per annum on a strai9ht line basls The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Investment property The properly is held lo earn rentals andlor for capital appreciation. It is measured using the fair value model and staled at ils fair value as the reporting end date. The surplus or deficit on revaluation 15 recognised in net incomel{expendilure) for the year. 1.8 Impalrment of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exSsts, the recoverable amount of the asset Is estimated in order lo determine the extent of the impairment loss (if any). 1.9 Ca8h and cash equlvalents Cash and cash equivalents include cash at bank. 1.10 Taxatlon The charity is recognised by HM Revenue & Customs and therefore benefits from certain exemptions from taxation on income and gains, to the exlenl that they are applied for charitable purposes. No tax charges have arisen in the charity.
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles {Contlnuod} 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benef1ts are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retlrement benef Its Payments to defined conlributlon retirement benefit schemes are charged as an expense as they fall due. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. There were no significant accounting judgments or estimates in the year. Income from Investments 2024 2023 Rental income Interest receivable 12,200 2,278 14,323 1,720 14,478 16,043 other Income 2024 2023 Raffle Income 2,278 1,473 Expendlture on ralslng funds 2024 2023 Raffle prizes and event costs 648 552 There were no expenses from Restricted Funds in the current or previous year 10-
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable actlvltles Charltabl& &xpenditure Support Governance costs costs Total 2024 Total 2023 Wages and salaries Social security cost Staff pension MDU'S costs and direct charitable expenditure Printing, postage and stationery Insurance Light and heat Rent and rates Telephone Accountancy services Sundry expenses 22,993 4,583 27,576 66.078 1,218 2,218 887 229 916 11,715 11,715 6,521 1,251 3,047 196 20 1,361 3,500 1,046 2,665 2,665 443 726 148 242 591 968 3,500 1,195 3,500 1,195 39,229 6,397 3,500 49,126 86,456 39,229 6,397 3,500 49,126 86,456 In 2024 expenditure on MDU'S costs and direct charitable activities was £11,715 {2023.' £6,521) of which expenditure from reslricled funds was £Nil {2023'. £Nil). During visits made by the MDUS, {Moblle Oiabetes Unit's) to various events across the country, qualified nurses have provided their services lo help conduct diabetic testing. These nurses have been reimbursed for the expenses they have incurred bul not received any additional payment. The charity does not recognise volunteer lime. The charity received accountancy services worth £3,50012023'. £3,500) al no charge. The value of knese services is recognised within incoming resources as a donation, and an equivalent charge included with accountancy services. There were no expenses from Restricted Funds in the current or previous year Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were reimbursed to trustees. 11
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees Number of employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Direct charitable work Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 27,576 66,078 1,218 2,218 917 28,493 69,514 Staff whose primary duties relate to the direct charltable activities of th8 charity also spend tlme on management and admlnlstralive duties and raising funds for the charlly. There were no employees whose annual remuneratlon was £60,000 or more. Tanglble flxed assets Flxtures, Motor vehlGIg8 fltllngs & equlpm&nl Total Cost At 1 January 2024 7,525 91.225 98,750 At 31 December 2024 7,525 91,225 98,750 Depreclatlon and Impalrm&nt Al 1 January 2024 7,508 91,224 98,732 At 31 December 2024 7,508 91,224 98,732 Carrylng amount At 31 December 2024 18 At 31 December 2023 17 12-
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Investment property 2024 Falr value At 1 January 2024 and 31 December 2024 350,000 11 Flnanclal Instruments 2024 2023 Carrying amount of financlal liabilities 650 1,750 12 Credltors.. amounts falllng due wlthln one year 2024 2023 Other taxation and social security Other creditors 1,023 1,750 650 650 2,773 13 Restrlcted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 January 2024 At31 December 2024 70,308 70,308 Pr8vlous year.. At 1 January 2023 At31 December 2023 70,308 70,308 13-
SILVER STAR DIABETES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Unrestrlcted funds The income funds of the charity include unrestricted funds to be used al the discretion of the trustees.. Movem8nt In funds Incomlng Resources Balance at 31 resources expended December 2024 Balance at 1 January 2024 451,332 53,017 (49,7741 454,575 451,332 53,017 (49,7741 454,575 16 Analysls of net assets between funds Unrestrlcted Falr Value Restrlcted funds Reserve funds Total Fund balances al 310ecember 2024 are represented by.. Tangible assets Investment property Current asselsllliabilllles) 18 350,000 70,308 174,865 215,112 104,557 134,888 319,687 134,888 70,308 524,883 The restricted funds relate to 8 grant of £122,131 received in the year ended 31 December 2014. A letter of variallon was received from the donor in the Year Ending 31 December 2016 explaining how the funds should be allocated. There was no movement on the Fair Value reserve during the year. 14-