CHARrrY REGISTRATION NUMBER: 1141700 Medcare Charitable Trust Unaudited Financial Statements 31 March 2024 MArrocKS GRINDLEY Chartered Accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Medcare Charitable Trust Financial Statements Year ended 31 March 2024 Pago Trustees, annual report Independent examinerfs report to the trustees Slatement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements 10 Th• following pages do not form part of the financial statements Detailed statement of financial activities 19 Notes to the detailed ststement of financial activities 20
Medcare Charitable Trust Trustees, Annual Report Year ended 31 March 2024 The tnjslees present their report and the unaudited financial statements ofthe charity forthe year ended 31 March 2024. Reference and admlnlstratlve detalls Reglstered charlty name Medcare Charitable Trust Charlty reglstratlon number 1141700 Prlnclpal offlce Kingswood Lodge Kingswood Frodsham Cheshire WA6 6JQ United Kingdom The tru8tee8 Mr M Taylor {ChaiTI Dr P G Hutchinson Mrs E Darbyshire Mr J Partridge Mrs S Kemp Mr N Taylor {Treasurerl Dr R Hutchinson Independent examlner Mr G Mattocks FCA 18 Mulbery Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Medcare Charitable Trust Tru8tee8' Annual Report fconlfnuedj Year end•d 31 March 2024 Structure, governance and management statu$ Registered unincorporated Charity established by Trust Deed on 26 March 2011. Recrultmenl of Trustees By personal invitation of the Chaim7an following namelsl agreed at a meeting of the Board of Trustees. Outslde party appolntments Trustees onty appointed as per the section "Recruitment of Trustees" Investment Policies and Reserrfes The Trustees consider that a reseryes policy is not feasible until there 1$ a substantial increase in undesignaled income. The greater part of the charity's income is designated to specifi¢ project$. Any undesignaled income received. is allocated to the general fund. It is a policy that the general fund is kept at a level that is equivalent to three to six months running costs expenditure to en$ure that if there is a significant drop in funding there will be suffiaent time for the Trustees to ¢on$ider ways in which addib.onal funding may be raised. Funds held a ¢ustodlan trustee on behalf of othera None exist. ObJ•¢livo$ and •diviti95 Object8 of the charlty The objects of the Trust for the public benefit are relief of sickness and the preservation of good health by the provision of funds, goods or services of any kind in such parts of Uganda or the worbJ as the Trustees from lime to ts'me may think fiL To fulfill such other purposes which are exdusively ¢haritable aGGording to the law of England and Wales and are connected with the charitsble work of the TNst. Strategy By the raising of funds in the UK lo provide the running and development costs of the Wellspring Children's Medical Centre IWCMC) and the Wellspring Home for Disabled Children - both based in Kamutuuza, Uganda - and including the fvnding of all outreach pro9rammes. By sponsorship schemes to provide medical assistance to children with chronic, life threatening illnesses and physical disabilities and to provide practs'cal assistsnce to their parenlslguardians to help relieve poverty and consequent lack of food and poor housing. By supporting other local medical institutions in Uganda wth equipment and Supplies. By visits lo the WCMC to ensure that the work is ¢arried out o)rre¢tty and that the funding $upplied is spent in accordance with the decisions of the Board of Trustees. Public Benefit The Board of Trustees have considered the Charity Commission's guidance on Public Benefit and report that the work undertaken in Uganda does provide benefrt to the citvzens of that county.
Medcare Charitable Trust Trustees. Annual Report (conYnu¢dJ Year ended 31 March 2024 Achltvements and porformance Activities in tho UK The Trustees and Medcare volunts8rs have undertaken speaking engagements and organised Charitable fundrai$ing events in variou$ venues to promote and support the work of the charity and to encourage people lo take up the sponsorship schemes. Regular newsletters and development of the Medc8 website and Facebook assist in promoting fundraising events and raising awareness. Charitsble support to Med¢are from Manchester Airports Group IMAGI officially ended in December 2015, but ha5 subsequently recommenced from Mar¢h 2023 a$ part of a new 10-year partnership agreement. Additional financial $upport for the work of Med¢are has been proposed by Urenco at the Capenhursl Technology Park, near Chester. Fundraising is being organised throughout 2024125.
Medcare Charitable Trust Trustees. Annual Report (corfinu•d) Year ended 31 March 2024 Flnanclal revlew In the Full Year to 31st March 2024, Medcare recorded a P&L deficit of £7.7k, £5.3k favourable lo budget and £596.5k adverse to prior year. Ongoing Operations recorded a £13.3k surplus, in line wth budget and £9.2k adverse lo prior year. A net £21.1 k was expended on the CBR and Rehab Unit projects, which was £6.Ok below budget due lo ming on inits'alion of the oUt8¢h programme. The variance to prior year is driven by liming on project fvndin9 vs expenditure. As at 31st March 2024, UK cash at bank stands al £723.Ok. £8.7k lower than the balance al 31 st March 2023. Charity Funds l Net Assets- which ex¢lude any ¢ash balances within Uganda- stand at £783.4k. Sponsorship Progrnmmo The Sponsorship programme recorded income of £79.Ok in the full year to March 2024. to fund total costs of £78.2k, resulting in a net surplus of £0.7k, £3.1 k favourable to budget and £7.2k favourable to prior year. During the peri¢xl, an average 181 children were sponsored on the COIN scheme. with a fvrther 9 on the Family Support scheme. In addition, 8 children were supported on annual Vocational Training programme$ and 21 through annual School Support payments. Wellsprlng Medlcal Centre In the year to March 2024. the Wellspring Medical Centre recorded income of £104.Ok, to fvnd Costs of £70.6k, resulting in a net surplus of £33.4k, £1.6k favourable to budget and £6.2k adverse to pnor year. A total of 18.810 patients were seen in the Wellspring clinics in the tJvelv&month period. +17y• above the FY22123 equivalent of 16,068, and broadly matching the patient numbers seen in the 2019120 pre- COVID peak119,098). 42% of patients were in the 1 mth-4yr age range, up from 340A over the previous 12 months. Donations and Fund-Rai$ing income in the period tolalled £104.Ok, and included £50k from MAG, £20k from The Grace Charitable Trust and £6.5k from The Wilson Trust. wrth the balance across c15-20 smaller donors. Employee Costs were £0.9k above budget for the period, due to recruitment of three new positions - Accounts Assistant, Stale Enrolled Nurse, Triaging Assistant- from 1-Oclober. Medical and Lab ¢osls were +4.2% above budget for the period and £2.1 kI+11.0°) higher than prior year, with the year-on- year increase bein9 drNen by the +170/0 increase in patient throughput. Non-medical costs were marginally below budget and prior year and included building repairs, vehicle and security costs. Building repairs conducted at Wellspring in the period focused on solar battery repairs, water repairs. fencing and painting. Children's Homo The Childn,$ Home generated a net deficit of £16.Ok in the full year to 31st March, £4.1k adverse to budget and £9.Ok higher than prior year. £16.4k of grant fvnding was receNed from Samaritan's Purse lo support the £32.4k total running costs of the Home. The Grant funded aspect of the Children's Home cost base generated a net £4.9k deficit. £3.4k above budgeL primarily due to increases in food, fuel and school I clothing costs in the year. Expenditur8 areas funded by Med¢are were a net £11.Ok cost, £0.7k higher than budget. staff costs
Medcare Charitable Trust Tru8tee8' Annual Report Iconllnu•d) Year ended 31 March 2024 We £0.4k higher (Hakim ¢arer) and building repair costs £0.6k higher., with a fo¢u$ in the perlod on mpletion and pla$terlng of the perimeter security wall and pair lo the playship stand. UK Support At £4.8k net cost, UK Support Costs We £1.2k above budget and prior year, driven by Trustee travel costs. Other UK costs were in line, and comprised annual insurance premium, advertising. bank charges and office costs including the monthly accounts'ng sothvare subscription to Quickbooks. Speclal ProJo¢t8 CBR Project funding in the period lotalled £26.5k and was focused on the procurement of key equipment. including the van, rehabilitation equipment and IT equipment including laptop and phone. Rehab Unit costs included groundworks, building costs and ekntricty dNersion, as well as planning and govemment taxes. Plans for future perlods Ouring Q1 of 2024125. it is recommended to the Medcare Board that. in consideration of the Budget and financial commitments for the new 2024r25 financial year. strategies are discussed to address annual funding. Including the following.. - Review of the UK fund raising strategy and targeted discussions with key I new donors (including MAGI Development of the social media strategy for Medcare (including considerations on how to resource I source expertise) - Rev of unit costs of drug procurement in Uganda and recommèndations to the INellspring team - Progressic*n of the ongoing dIU$$I0ft$ with Mildmay Uganda The trustees, annual report was approved on .14./ .1i..¥........... and signed on behalf of the board of li. truslees by.. Mr M Taylor {Chair} Trustee Mr N Taylor (Treasurer} Trustee
Medcare Charitable Trust Independent Examinerfs Report to the Trustees of Medcare Charltable Trust Year ended 31 March 2024 I report to the trustees on my examination of the financial Statements of Medcare ChaTitable Trust {'the chaTity'I for the year ended 31 March 2024. Responslbllltles and basls of rnport As the trustees of the charity you are responsible for the pParatIon of the financial statements in accordance with the requirements of the chan1$ Act 2011 1.the Acr). I report in respect of my examination of the charity's financial statements Carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all Ihe applicable Dire¢tion$ given by the Charity Commission under section 14515llb} of the A¢t. Ind•pend•nt examinetrs statement I have completed my examination. I confirm thal no material matters have come to my attenlion in connection with the examination giving me cause to believe that in any material respe¢l'. counting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord wrth those records., or the financial statements do not compty with the applicable requirements conceming the fomi and eontent of ac¢ounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this pOrt in order lo enable a proper understanding of the accounts to be reached. Mr G Mattocks FCA Ind8pendent Examiner 18 Mulberry Avenue Tumstone Business Park Wdnes Cheshire WA8 OWN /0 /11 /2é
Medcare Charitable Trust Statement of Financial Activities Year ended 31 Mah 2024 2024 Restricted funds Tolal funds 2023 Unrestricted funds Total funds In¢ome and ¢ndoY4m•nls Donations and legacies Other trading activities Investment income 190.585 8,954 250 190,835 8,954 6.637 749,396 10,942 693 6,637 Total Income 199,539 6,887 206,426 761.031 Expenditurg Expenditure on charitable aclNilwts Total oxpondltur• 186,206 186,206 27,970 27,970 214,176 214.176 172,231 172,231 Net {expendlture)Ilncome ond not movement In funds 13,333 121,0831 17.750) 588,800 Reconcllhtlon of fund8 Total funds brought forward Total funds carrled foNiard 224,766 238,099 566,350 791.116 202.316 545,267 783,366 791,116 The statement of financial activrties includes all gains and losses recognised in the year. All income and expenditure derNe from continuing activities. Th• notes on p•g•$ 10 to 17 fomi part of th08• flnancSal Jtatsmonts.
Medcare Charitable Trust Statement of Financial Position 31 March 2024 2024 2023 Noto Current assets Debtors Cash at bank and in hand 13 61,413 723,003 784,416 64.450 731.677 796.127 Credltors: amounts falllng due wlthln one year Net current alsets 14 1,050 5.011 783,366 783.366 791,116 Total assets less current Ilablllti 791.116 Net assets 783.366 791.116 Funds of the charlty Restricted funds Unrestricted funds 545.267 238.099 566.350 224.766 Total charity funds 15 783.366 791,116 The e financial $tstement$ were approved by the board of trustses and authorised for issue on , and a signed on behalf of the board by.. Mr M Taylor (Chair) Trustee Mr N Taylor (Treasurer) Trustee Tho not•8 on pago8 10 to 17 form part ofthese financial Btatsm•nts.
Medcare Charitable Trust Statsm•nt of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng actfvitles Nel lexpendrturellincome {7,7501 588,800 Adjustm8nts for Other interest receivable and Similar income A¢¢rued income 16,6371 13,961) 16931 (1,0131 Changes in." Trade and other debt¢yS 3,037 115,311) {56,4501 530,644 Cash generated from operations Interest reIved 6,637 {8,6741 693 Net cash (used inllfrom operating a¢tivrtie$ 531,337 Net (do¢roasellln¢rna$• In Cash and $h oqulvalonts Cash and cash equlvalents at beglnnlng of year Cash and cash oquiv•lents at end of year (8,6741 731,677 723,003 531,337 200,340 731,677 Th• nots• on paw 10 to 17 form part oftho80 fln•n¢lal $tatsmont8.
Medcare Charitable Trust Notos to the Financial Statsments Y•ar ended 31 March 2024 General InforntIon The charity is a public benefit entity and a registered ¢harity in England and Wales and 1$ unincorporated. The address of the principal office is Kingswood Lodge, Kingswood, Frod5ham, Cheshire, WA6 6JQ, Unrted Kingdom. statement of complianc• These financial statements have been prepared in compliance with FRS 102, 'The Finan¢ial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststemenl of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 1021) and th8 Charities 2011. Accounting policies Basls of proparatlon The financial statements have been prepared on the historical cost basi$, as mtsjified by the revaluation of certain financial assets and liabilits'es and investment properties measured at fair value through in¢ome or expenditure. The financial statements are prepared in sterling. which is the fvnclional currency of the entity. Golng ¢on¢em There are no material uncertainties about the charity's abilty to Continue. Disclosure exemplions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As $u¢h, advantsge has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102= (al No cash flow statement has been presented for the company. {bl Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estlmat5on uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are ontinually reviewed and are based on experience and other factors, including expectations of fvture events that are believed to be reasonable under the ¢ircumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are UnStriCted fvnds earmarked by the trustees for particular fvture project or commilmenL Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds. 10
Medcare Charitable Trust Notss to the Financial Statsments (¢onlTnued) Year ended 31 March 2024 Accountlng pollcl•s (c¢mtinu•d) Incomlng resources All incoming resources are included in the statement of finan¢ial a¢tivities when entiuement has passed to the charity., tt is probabEe that the economi¢ benefits associated with the transaction will flow to the charity and the amunt can be reliably measured. The following specific policies are applKgd to particular Categories of in¢ome'. income from donations or grants 1$ recognised when there is evidence of entitlement to the gift, receipt is probable and its amount ¢an be measured reliabty. legacy income is recognised when receipt is probable and entitlement is estsblished. in¢ome from donated goods is measured 8t the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are reco9nised in the accounts when reiVed if the value can te reliabty measured. No amounts are included for the contnbution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and retumed if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial aclivits'es to which il relates.. expenditure on raising funds includes the costs of all fundraising activitles. events, non- charitable trading activib'es, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activrties that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the goveinance of the charity apportioned to ¢haritable activities. other expenditure includes all expenditure that is neither related to raising fvnds for the ¢harity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the Source. Direct costs attributable lo a single activity are allocated directly to that activity. Shared Costs are apportioned betsveen the activities they ntrIbute to on a reasonable, jusliffiable and consistent basis. Fln¥n¢i¥l In$lrum•nts A financial as$el or a fi'nancial liability is recognised onty when the charity becomes a party to the contractual provisions of the instrument. Basic financial instnjments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not di$eounted. Debt instruments are subsequently measured at amortised cost 11
Medcare Charitable Trust Notes to the Financial Statements (conlInU0 Year ended 31 March 2024 Accountlng policies fconlinu¢d) Flnan¢lal Instruments (ctsndnu•d) Wnere investments in sha$ are publicty traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with Changes in fair value recognised in income and expenditure. All other such investments are subseqUenY measured at cost less impaiTment. other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the payments discounted at a market rate of interest for a similar debt instrument. Other financial instrumen1$ are subsequently measured at fair value, with any changes recognised in the statement of financial aetwities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impaimient, an impairment loss 1$ recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of signrficance, and other financial assets that are individualty significant, these are assessed indwidually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the VerSal does not result in a ¢arying amount of the financial a$$el that exceeds what the carying amount would have been had the impaimient not previously been recognised. Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donallons Donations 111,597 250 111,847 Sponsorship Sponsorship schemes 78,988 78,988 190,835 190,585 250 Unrestricted Funds Restri¢ted Total Funds Funds 2023 Donations Donation$ 112,402 566.261 678,663 Sponsorship Sponsorship schemes 70.733 70,733 749,396 183,135 566,261 12
Medcare Charitable Trust Notes to the Financial Statements (¢onllnued) Year ended 31 March 2024 Other trading actlvltlos Unrestricted Total Funds Unrestricled Total Funds Funds 2024 Funds 2023 Fundraising events 8,954 8,954 10,942 10,942 Investment Income Unrestricted Funds Restricted Total Funds Funds 2024 Investment income 6,637 6,637 Unrestricted Funds Restricted Total Funds Funds 2023 Investment income 693 693 Expenditure on charftable activiti by fund typo Unrestricted Funds Restricted Total Funds Funds 2024 Direct charitsble activities Support costs 181,182 5,024 186,206 27,970 209,152 5,024 214,176 27,970 Unrestricted Funds Restricted Toial Funds Funds 2023 Direct charitable activities Support costs 187,929 4.302 167,929 4,302 172,231 172.231 Expendlture on charitablo a¢tlvltles by activity typ• Activities undertaken diredy Support Total funds osts 2024 Total fund 2023 Direct charitable activrties Governance costs 209,152 3,924 1,100 213.076 1,100 171,373 858 209,152 5,024 214.176 172.231 13
Medcare Charitable Trust NotOS to th• Financial Statsments (¢•ned) Year ended 31 March 2024 Analysls of support costs Anatysis of support costs activity 1 Total 2024 Total 2023 General offi Govemance costs Fundraising Bank and financial services ¢osts Miscellaneous Advertising 2,413 1,100 216 521 145 629 2,413 1,100 216 521 145 629 992 858 216 1,461 775 5,024 5,024 4,302 10. Indopendent oxamlnation foes 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,100 858 11. Staff Costs The total stsff costs and employee benefits for the reporting period are analysed as follows.. The average head count of employees during the year was Nil (2023.. Nill. No employee received employee beneffts of more than £60,000 during the year {2023.' Nil}. 12. Trustee remunerallon and expenses No remuneration or other benefits from employment with the charity or a related entity we receNed by the Iru$tees. 13. Debtors 2024 2023 Other debtors 61N13 64.450 14. Creditors: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income 1,050 5,011 14
Medcare Charitable Trust Notss to the Financlal Statements (continu Year ended 31 March 2024 15. Anaty$ls of charltable funds Unre8lrfcted funds At 1 April 2023 At 31 March 2024 Income Expenditure General Fund Designated Funds 90,467 134,299 111,596 87,943 (107,750} 178,456} 1186,2061 94,313 143,786 238.099 224.766 199,539 At 1 April 2022 At 31 March 2023 Income Expenditure General Fund Designated Funds 72.052 130.175 113.215 81,555 {94,8001 177,4311 1172,2311 90,467 134,299 224,766 202.227 194,770 General Funds At1Apr 2023 At31 Income Expenditu Mar¢h 2024 General Fund Donations Running Costs (UK} Running Costs (Projects) 111,886} 677,447 136,6561 1538,4381 90,467 (11,886 789,043 14,8081 {41,464 {102,9421 1641,3801 {107,750} 94,313 111,596 111,596 Designaled Funds At1Apr 2023 At31 Income Expenditure March 2024 COIN Sponsorship COIN Administration MDI Sponsorship MSI Sponsorship MFS Imedcare Family Supporti Hospital Fees Nurse Training Noeline Support AD Hoc Transfers Other Sponsor$hip Fundraising (in¢ Grants) 77,112 {3,8181 114,1691 {3,3861 {5,4761 8,141 {2.6631 2,360 {20,7881 {12,8571 109,843 66.568 161,9651 17241 81.715 14,5421 (14,1691 13,2861 16,939) 8,141 12,963) 2,930 (20,7881 (14,8951 118.582 100 11,4631 7,311 570 (7,6111 4,439 8,955 16,4771 12161 178,4561 134,299 87,943 143.786 15
Medcare Charitable Trust Notes to the Financial Statements fconlTnu•dJ Year ended 31 March 2024 15. Anatysls of charitabl• fund$ (¢11&j Re8trfcted funds At 1 April 2023 At 31 Mar¢h 2024 Income Expenditure Restricted Funds 566,350 6,887 127,9701 545,267 At 1 April 2022 At 31 March 2023 In¢ome Expenditure Restricted Funds 89 566,261 566,350 As at the 2023124 year end date, the balance on the Restricted Fund is in surplus, due to the timing of expenditure and receipts on the community-based rehabilitstion project referenced in the Trustees ReporL At1Apr 2023 At31 Income Expendtture March 2024 Manchester AiTPOrt Group Community-based Rehabilitation Project Rehabilitalion Unit 89 566,261 6,887 {26,5261 (1,4441 {27,970) 546,622 11,444) 545,267 566,350 6,887 16. An¥ty$ls of net assets between funds Unrestricted Funds Re$tricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net a88ets 239,149 11,0501 238,099 545,267 784.416 11.OSO) 783,366 545,267 Unre$tri¢ted Funds Restricted Totsl Funds Funds 2023 Current assets Creditors less than 1 year Net assets 229.777 15,0111 224,766 566,350 796,127 15,011) 791.116 566,350 17. Flnanclal Instrumonts The charity currently holds no financial instruments. 16
Medcare Charitable Trust Notes to tho Financial Statements (¢ontlnu8dJ Year ended 31 March 2024 18. Analysis of ¢honges In net d•bt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash al bank and in hand 731,677 18.6741 723,003 17
Medcare Charitable Trust Manag•m•nt Inforniation Year ended 31 March 2024 The followlng pages do nol fomi part of the financial statements. 18
Medcare Charitable Trust D•tail•d Statsment of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacles Donations Sponsorship schemes 111,847 78,988 190,835 678,663 70,733 749,396 Other tradlng actlvltles Fundraising events 8,954 10,942 Investmenl Income Investment income 6,637 693 Total Income 206,426 761,031 Expendltur• Expondlture on charltable actlvltle5 Insurance Other motorltravel costs Legal and professional fees Other office costs Sponsorship scheme$ Project Costs Advertising & promotion Bank and finan¢ial seNi¢e$ Fundraising Miscellaneous expenses 739 918 1.100 756 78.240 130,912 629 521 216 145 729 987 992 77,215 90,714 775 603 216 214,176 172,231 Total expendlture 214,176 172,231 N•t (expenditur•)fincom• 17,750) 588,800 19-
Medcare Charitable Trust Notes to tho D•tailod Statement of Financial Activiti•s Year ended 31 March 2024 2024 2023 Expendituro on ¢h•ritabl• actlvltles Direct charitsblo activities Activities undertaken dir•cty Sponsorship scheme5 Project costs 78,240 130,912 209,152 77.215 90.714 167.929 Support costs Insurance Other travel costs Consultancy Other office costs Advertising & promotion Bank and financial service$ Fundraising Miscellaneous expenses 739 918 729 129 992 775 603 216 7S6 629 521 216 145 3,924 3,444 Governance costs Govemance costs - accountsncy fees 1,100 858 Expenditur• on ¢harilable actlvltle8 214,176 172.231 20-