CHARITY REGISTrATION NUMBER: 1141700 Medcare Charitable Trust Unaudited Financial Statements 31 March 2025 MArrocKS GRINDLEY Chartered Accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN Medcare Charitable Trust Financial Ststements Yoar ended 31 March 2025 Page Trustees, annual report Independent examinerfs report to the trustees ststement of financial activities Statement of financial position Notes to the financial statements The followlng pages do not fonn part of the flnanclal statements Detailed statement of financial activities 16 Notes to the detailed statement of financial activities 17 Medcare Charitable Trust Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements ofthe ¢harfty forthe year ended 31 March 2025. Rgfgr•nco and administrative detalls Reglslered ¢harlty name Medcare Charitable TNst Charity rngistration numbor 1141700 PrfncSpal offt¢• Kingswood Lodge Kingswood Frodsham Cheshire WA6 6JQ United Kingdom The tru$t¢os Mr M Taylor (Chair) Dr P G Hutchinson Mrs S Kemp Mr N Taylor {Treasurer) Mr J Partridge Dr R Hutchinson Dr P Brunskill IAppointed 7 September 2024) Independont oxaminfrr Mr G Mattoeks FCA 18 Mulberry Avenue Tumstone Business Park Vmdnes Cheshire WA8 OWN Medcare Charitable Trust Trustses. Annual Report(con*nuodJ Year ended 31 March 2025 Structure, governance and managom•nt status Registered unincoTporated charity estsblished by Trust Deed on 26 March 2011. Recruitmonl ot Trustees By personal invrtation of the Chaimian folFowing name{s) 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 RosaN The Trustees consider thal a reserves policy is not feasible until there is a substantial increase in undesignaled income. The greater part of the charity's income is designated to specific projects. Any undesignaled income recerved, is allo¢ated 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 ensure that if there is a significant drop in funding there will be sufficient time for the Trustees to consider ways in which additional funding may be raised. Funds held a custodlan trustee on behalf of others None exisL Objectlves and activities Objgcls of tho charlty The objects of the Trust foi the public benefit are relief of $i¢kness and the preseryats'on of good health by the provision of funds, goods or services of any kind in such parts of Uganda or the wodd as the Tru$te85 from time to may think fit. To fulfill $u¢h ¢)ther purposes which are exclusivety charitable according to the law of England and Wales and are connected with the charitable worf( of the Trust. strategy By the raising of fvnds in the UK to provide the running and development costs of the Wellspring Children's Medi¢al Centre 1￿cMcl and the Wellspring Home for Disabled Children - both based in Kamutuuza. Uganda- and including the funding of all outreach programmes. By sponsorship schemes to provide medi¢al assistance lo children with chronic, life threatening illnesses and physical disabiltties and to provide practical assistance lo their parenlslguardians to help relieve povety and consequent lack of food and poor housing. By supporting other local medical institutions in Uganda wrth equipment and supplies. By visits lo the WCMC lo ensure that the work is carrted out corwlty and that the funding supplied is spent in accordance with the decisions of the Board of Trustees. Publlc Benefrt The Board of Tw$tees have considered the Charity Commission's guidance on Public Benefit and ￿POrt that the work undertaken in Uganda does provide benefit to the crtrLens of that country. Medcare Charitable Trust Trustees, Annual Report (¢tsntinue Year ended 31 March 2025 A¢hiovoments and pgrfornianco Actlvhles In th• UK The Tru$tees and Medcare volunteers have undertaken speaking engagements and organised ¢haritable fvndraising events in various venues to promote and support the work of the ¢harity and lo encourage people to take up the sponsoiship schemes. Regular newsletters and development of the Medcare website and Facebook assist in promoting fundraising events and raising awareness. Charitable support to Medcare from Manchester Airports Group IMAGI officially ended in December 2015, but has subsequently recommenced from March 2023 as part of a new 10-year partnership agreement. Additional financial support for the work of Medcare has been proposed by Uren¢o at the Capenhursl Technology Park, near Chester. Fundraising is being organised throughout 2025126. Flnanclal revlew In the Full Year to 31st March 2025, Medcare recorded a P&L deficit of£42.7k, £28.4k adverse to budgel and £35.Ok adverse to prior year. On90ing Operationg recorded 8 £29.3k deficit. £33.2k adverse to budget and £42.6k adverse to prior year. A net £13.4k was expended on the CBR project, £4.8k less than budget and £7.7k below prior year. At 31st March 2025, Cash al bank stands at £676.Ok, £47.Ok lower than the balance at 31st March 2024. Charity Funds l Net Assets- exGludin9 Uganda cash balances- stand at £740.7k. Sponsorshlp Progrnmme The Sponsorship programme recorded income of £70.6k in the fvll year to March 2025, to fvnd total osts of £65.6k. resulting in a nel surplus of £5.Ok, £1.3k favourable to budget and £4.3k favourable to prior year Throughout the period, an average 158 children were sponsored on the COIN s¢heme, which 1$ a significant reduction on the Prior Year12023124} figure of 181 and is also down from the 2022123 figure of 185. A further 5 children were sponsored on the Family Support scheme {Prior Year. 9). Wellsprlng Medlcal Conlrn In the ￿e1ve months to March 2025, the Wellspring Medical Centre recorded income of £77.2k, lo fund costs of £80.3k, resutting in a net deficit of £3.Ok, £21.2k adverse to budget and £36.4k adverse to prior year. A total of 20,499 patients were seen in the Wellspring clini¢s in the ￿e1ve-Month period, at an average 1,708 per month, which was 9.00/0 above the Prior Year monthty average of 1,568. Patient numbers were al$0 7.3% ahead of those seen in the 2019120 prtrCOVID peak, which averaged 1,592 per month for the ￿e1V￿MOnth period. The key driver of the deficit to budget and prior year was the reductson in Donations and Fund-Raising receipts in the period. The in-year total of £77.2k represented a deficit of-18.7% and-25.7Yo respectivety lo budget and prior year. The key driver of the £17.8k deficit to budget was receipt of only one £10k donation from The Grace Charrtable Trust in-year, despite 2 x £1 Ok donations having been received for each of the last three financial years. In addibon, Ju$tGiving receipts in the period were £5.4k below the 2023124 figure of £5.8k. ChlldMn'$ Hom• In the Med¢are Financial Year 2024125, the Children's Home generated a £12.1k deficit, £2.3k favourable to budget, with £18.8k Grant income contributing lo the fundin9 of £30.9k running costs. Expenditure areas funded by the Samaritan's Purse grant in the ￿e1¥e-mOnth period were a net £5.6k M8dc•re Chafllab Tru•t Tru•t•••' Annu•l R•po Y••f •nd•d 31 M•rc 2026 efit¥l É? Ok 10+40UI*tA* lo biidw Gi¥nt txpectiliM) th• y••T Cbthbw. Med*AI biid TFA Ih8Th buooel Howevèr food •nd fLd tog11 wÈr8 Èl A eovNak*ni pe￿)￿ in 2023Q4 m•rginth ¥he￿ ¢£1 7ki ol rt uJ*l4 wnbvwd E2 81 'pher arrtl wwe £3& Ngh•t Ih E¥p•nttrtur• •f*•$ Iwkled by IAedc81• weie • n•1 f.6 Sk cos wwe in bvdgw •nd •qv•t• lo £0 7k p•1 10 t•%li Irs lh• fijl y••p of £4 34 w•1• pro#omin•nlty thT￿•Th by I cornp(Kfftd Ihe hf*ne ¢￿￿￿cl•d in Q l. ti¥Jelho1 Jnd •rA fn•mb•i• of •t•ll 8vikJing r•p•ir £1 * ¢o•t d fixlng Ihe pthno •l•b9 li Él Ok lor of thè ivKkner•tor Q3 UK Suppotl At £t9 2k UK Support cijsts Ythe mal¢riaHy h¥her Ih8n Pr IE3 5K). ￿th a nwnbei ol the eijsis Inajffed h•ving been 8 2024r15 bud￿1. Thes¢ ¢tsSti WIN b• bull inlo t￿ trA¥dg•t lor I f Yeaf (£4 Skl and hloher ihan 8iJdott provgd by Boafd rthl sgnry ol th• e 2025r26 finaneial yw. Sp•¢l•l Prohcts C8A PioJ•ct fL*ThJing in the penod loiblted E21.4k whlth w ipmènt and nutrilton. Thii was £4.8k lrywer Ihan budget. dale ol lh• Physiothefapisl havin9 begn delpyed to 1st J￿Y 2 Pl•ns for lulur• yrbod• s locujed largety on mriryJ costs ol e lo knyef equiF¥Dent wsly and the 514rt 24. Dvnng QJ 012024125. ri 1$ r•eomrnend•d 10 Ihe Mertjrt Bo nanryal crynmitments for the new 2024r25 fnan¢lal year. str lundry InL*Jding Ihe 10kn￿n9." . Rèvww ollhe UK fund raffjino $trat¢gy ond tar9•t•d discvs$i - DeVelop￿nI of the sr*>al medw stralegy ft* Mettare lin¢lu le￿rce experttsel that. ￿ consideration ofthè Budyel aNJ t8gle6 or• discussed to addrèss 8nnual swlth keyl now doTrw4