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← Medic To Medic

2025-06-30-accounts

Charity no. 1149904

Medic to Medic

Report and Unaudited Financial Statements 30 June 2025

Medic to Medic

Reference and administrative details

For the year ended 30 June 2025

Charity number 1149904
Registered office 7 Shortway
Amersham
Buckinghamshire
England
HP6 6AQ
Trustees Trustees who served during the year and up to the date of this report were
as follows:
Robin Schreiber Chair (Resigned 31 December 2024)
Dr Bryony Hamel Chair (From 1 January 2025)
Dr Elizabeth Howard
David Howells
Dr Robert Stones
Chief executive officer Dr Tamsin Lillie
Management committee Robin Schreiber (Resigned 31 December 2024)
David Howells
Bryony Hamel
Bankers Lloyds TSB Bank PLC
286-288 Station Road
Harrow
Middlesex
HA1 2EB
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Medic to Medic

Report of the trustees

For the year ended 30 June 2025

The trustees present their report and accounts for the year ended 30 June 2025.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management

On 23 July 2019 the charity was converted to a Charitable Incorporated Organisation (CIO), with the name Medic to Medic and charity number remaining as 1149904 and continued in that same format for all of the present period.

During the year and up to the date of this report, The Chair Robin Schreiber resigned and no new trustees were appointed – details of all resignations and appointments can be found on page 1 of these accounts.

The management committee who served during the period, were:

Management committee members are elected or appointed on an annual basis, with officers being elected from the membership of the trustees.

The management committee has assessed the major risks to which the charity is exposed and is satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

Medic to Medic believes that access to healthcare is a human right but is unequal both between and within nation states. Shortage of trained healthcare professionals is a major driver of such inequalities:

Public benefit statement

The trustees confirm that they have had regard for the Charity Commission guidance on public benefit when reviewing the charity’s aims and objectives.

Achievements and performance

It is the policy of the charity that all funds are used for furtherance of its objectives.

The attached financial statements show the current state of finances. Overall income was £156,678 and overall expenditure was £113,313 leaving a surplus of £43,365.

Our cash balance at the end of the year was £108,275 which compares with a cash balance of £66,238 at the end of the previous year.

2

Medic to Medic

Report of the trustees

For the year ended 30 June 2025

The Charity's main operational bankers are Lloyds Bank plc located at Harrow, Middlesex

Review of charitable activities

The Chief Executive Officer, Dr Tamsin Lillie, writes:

During 1 July 2024 – 30 June 2025, Medic to Medic supported a total of 101 students across 15 universities and 5 countries.

Our student community in Malawi included 9 dental students, 5 medical students, 3 nursing students, and 1 palliative care nurse, training at the Kamuzu University of Health Sciences; 4 nursing students and 7 optometry students training at Mzuzu University; 1 clinical officer and 1 registered nursing student training at Ekwendeni College of Health Sciences; 13 students training at St John of God University – 6 studying BSc psychotherapy, 4 students studying clinical medicine and 3 students studying a BSc in nursing and midwifery. 28 students were supported at the Malawi College of Health Sciences, including 8 clinical medicine students, 5 dental therapy students, 4 students respectively in biomedical sciences, pharmacy, and optometry, 2 radiographer technicians and 1 environmental health trainee. 10 students training as nurse midwife technicians with 7 students at Trinity nursing college, 2 students at St Johns Institute for health, and 1 student at Mulanje Mission College. Two additional students were training in the certificate in clinical medicine at St Johns Institute for health. Two audiology students at the African Bible College; and one student studying respectively a BSc in medical microbiology and BSc in immunology at Malawi University of Science and Technology.

Our students outside of Malawi included 1 postgraduate student completing the Master of Paediatrics in Ethiopia; 1 dentist training at the University of Nairobi; 3 medical students in Uganda (2 at Mbarara University of Science & Technology and 1 student at Kampala International University Western Campus); 5 medical students in Zambia (3 at Eden University, and 1 each at University of Zambia and University of Lusaka); 2 pharmacy students at Eden University and 1 student training in Environmental Health at Levy Mwanawasa Medical University. 22 of our community finished their courses, bringing our total alumni to 248 graduates.

This year saw growth in our international elective programme. We have increased our partnerships to 6 hospitals in Malawi; Zomba Central Hospital, Mwanza District Hospital, Mwaiwathu Private Hospital and three Christian Health Association of Malawi (CHAM) hospitals (St Peter’s Hospital, Trinity Hospital and St Johns). In the next 12 months we hope to formalise a partnership with Mzuzu Central Hospital as we receive more student enquiries. This year, we hosted 16 elective students through our elective programme. We have also developed partnerships with the Optometry department at Mzuzu University and the Audiology department at the African Bible College to provide optometry and audiology electives respectively for international allied health students.

Through our elective fundraising we have so far been able to sponsor 1 new student at Trinity College of Nursing, 5 new students at both St John of God University and Malawi College of Health Sciences, as well as undertake training for 28 graduates to become peer mentors to their student colleagues. Our mentorship programme has been a fantastic opportunity to increase our holistic supports to our community by providing peer mentors, whilst engaging our alumni in leadership roles. We hope that our mentorship program will be able to prevent student crises from occurring and help students develop into confident health professionals improving student academic performance which ultimately secures our investment in student scholarships.

3

Medic to Medic

Report of the trustees

For the year ended 30 June 2025

During May 2025 we hosted our first sports event – the Medic to Medic Malawi marathon, held at Satemwa tea estate in Thyolo Southern Malawi. A total of 60 runners ran in our 3 events (5k, 10k and 42k). Our graduate alumni helped provide medical cover and our in country elective students volunteered at water stations throughout the course. We are pleased to say that no medical events occurred despite it being a challenging course. Each participant enjoyed a short sports massage at the finish line from our physios and took home a custom made medal, made and designed at Dedza pottery and by artisans in Mulanje. Our post event southern Malawi tour hosted 3 international runners and enabled us to maximise fundraising and show our guests the Warm Heart of Africa. We will repeat this event next year and hopefully push for even more participants.

We look forward to the year ahead as our elective programme and in country fundraising continues to strengthen and self sustain. Over the next 12 months we are aiming to increase our student community – expanding to 120 student scholarships annually. We are privileged to have walked alongside students at the start of their journey and can’t wait to see what the future has in store!

Financial review

The results below show the total income and total expenditure for the last three financial periods.

Total income
Total expenditure
Net income / (expenditure)		 Total 2025 Total 2024 Total 2023
£
£
£
156,678
108,598
122,911
113,313
99,093
124,838
43,365
9,505
(1,927)

The key things to note are:

The results below show the net assets comparison for the last three years:

Debtors
Cash at bank and in hand
Creditors: amounts falling due within 1 year
Net assets		 Total 2025 Total 2024 Total 2023
£
£
£
5,219
3,711
5,534
108,275
66,238
54,730
(2,220)
(2,040)
(1,860)
111,274
67,909
58,404

The key things to note regarding net assets are:

4

Medic to Medic

Report of the trustees

For the year ended 30 June 2025

The table below shows the total charity funds status for the last three years:

Restricted finds
Designated funds
General funds
Total funds		 Total 2025 Total 2024 Total 2023
£
£
£
1,000
4,000
11,216
15,000
12,000
9,000
95,274
51,909
38,188
111,274
67,909
58,404

The key things to note regarding total charity funds are:

Reserves policy

We have an existing policy to build up a reserve fund of £18,000 by the end of our next financial year which would be sufficient to see most of our existing cohort of students through to graduation in the unfortunate event of the winding up of the charity.

Our reserve fund balance stood at £15,000 (2024: £12,000) at the end of the year. Due to the gradual increase in overall student numbers that Medic to Medic support, it is planned to review this target every year to see if it requires to be increased in the future.

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees 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 or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

5

Medic to Medic

Report of the trustees

For the year ended 30 June 2025

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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 18 December 2025 and signed on their behalf by

D w Howells

David Howells - Trustee

6

Independent examiner's report

To the trustees of

Medic to Medic

I report to the trustees on my examination of the accounts of Medic to Medic (the CIO) for the year ended 30 June 2025, which are set out on pages 8 to 18.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jennifer Dickinson

Date: 18 December 2025 Jennifer Dickinson ACA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

7

Medic to Medic

Statement of financial activities

For the year ended 30 June 2025

Note
Income from:
Donations
3
Charitable activities
4
Other trading activities
5
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
7
9
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net income / (expenditure) and
net movement in funds		 Restricted
£
26,318
-
-
26,318
-
29,318
29,318
(3,000)
4,000
1,000		 Unrestricted
£
110,355
10,959
8,927
119
130,360
9,350
74,645
83,995
46,365
63,909
110,274		 2025
Total
£
136,673
10,959
8,927
119
156,678
9,350
103,963
113,313
43,365
67,909
111,274		 2024
Total
£
105,116
-
3,391
91
108,598
6,763
92,330
99,093
9,505
58,404
67,909

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the accounts.

8

Medic to Medic

Balance sheet

As at 30 June 2025

==> picture [452 x 289] intentionally omitted <==

----- Start of picture text -----
2025 2024
Note £ £
Current assets
Debtors 12 5,219 3,711
Cash at bank and in hand 108,275 66,238
113,494 69,949
Liabilities
Creditors: amounts falling due within 1 year 13 (2,220) (2,040)
Net assets 14 111,274 67,909
Funds 15
Restricted funds 1,000 4,000
Unrestricted funds
Designated funds 15,000 12,000
General funds 95,274 51,909
Total charity funds 111,274 67,909
----- End of picture text -----

Approved by the trustees on 18 December 2025 and signed on their behalf by

D w Howells

David Howells - Trustee

9

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

1. Accounting policies

Medic to Medic is an unincorporated charity registered in England and Wales. The registered office address is 7 Shortway, Amersham, Buckinghamshire, England, HP6 6AQ.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Medic to Medic meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

10

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

1. Accounting policies (continued)

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of direct costs, as follows:

2025 2024
Raising funds 8% 7%
Charitable activities 92% 93%

h) Stock

Donated stock is not valued in the accounts, as it would not be practicable to assign a value to individual items.

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

11

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

1. Accounting policies (continued)

m) Foreign currency transactions

n) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are foreign currency revaluation as described in note (m) above.

2. Prior period comparative: statement of financial activities

Income from:
Donations
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)		 Restricted
£
21,953
-
-
21,953
-
29,169
29,169
(7,216)		 £
83,163
3,391
91
86,645
6,763
63,161
69,924
16,721
Unrestricted		 2024
Total
£
105,116
3,391
91
108,598
6,763
92,330
99,093
9,505

12

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

3. Income from donations

Regular giving
Grant income
Fundraising donations and appeals
Gift aid
Prior period comparative
Regular giving
Grant income
Fundraising donations and appeals
Other donations
Gift aid
4.
Income from charitable activities
Electives Income
All income from charitable activities was unrestricted.
5.
Income from other trading activities
Sales of donated goods		 Restricted
£
2,110
24,208
-
-
26,318
Restricted
£
-
19,673
-
2,280
-
21,953		 £
64,034
24,333
10,982
11,006
110,355
£
48,607
-
15,969
8,255
10,332
83,163
2025
Total
£
10,959
10,959
2025
Total
£
8,927
Unrestricted
Unrestricted		 2025
Total
£
66,144
48,541
10,982
11,006
136,673
2024
Total
£
48,607
19,673
15,969
10,535
10,332
105,116
2024
Total
£
-
-
2024
Total
£
3,391

All income from other trading activities in the prior year was unrestricted.

6. Government grants

The charity did not receive any government grants in the current or prior year.

13

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

7. Total expenditure

Grants payable (note 8)
Governance costs
Fundraising
Sub-total
Total expenditure
Prior period comparative
Grants payable (note 8)
Governance costs
Fundraising
Sub-total
Total expenditure
8.
Grants payable
Grants to institutions:
Tuition fees, allowances and study
support tools
Programme coordination
Allocation of support and governance
costs
Allocation of support and governance
costs
Tuition fees, allowances and study
support tools
Programme coordination		 £
-
-
-
-
9,114
9,114
236
9,350
£
-
-
-
-
6,584
6,584
179
6,763
Raising
funds
Raising
funds		 £
11,804
89,197
334
-
-
101,335
2,628
103,963
£
13,914
73,840
2,149
-
-
89,903
2,427
92,330
Charitable
activities
Charitable
activities		 £
-
-
-
2,865
-
2,865
(2,865)
-
£
-
-
-
2,606
-
2,606
(2,606)
-
2025
Total
£
89,197
Support and
governance
costs
Support and
governance
costs		 2025
Total
£
11,804
89,197
334
2,865
9,114
113,313
-
113,313
£
13,914
73,840
2,149
2,606
6,584
99,093
-
99,093
2024
Total
£
73,840
2024
Total

All grants payable relate to transfers of funding to Medic to Medic's sister charity in Malawi: Medic to Medic Limited, charity number C1609/2022. There are no mutual board members between these two entities.

14

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

9. Net movement in funds

This is stated after charging:

Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (excluding VAT)		 2025
£
Nil
Nil
1,850		 2024
£
Nil
Nil
1,700

In common with other charities of our size and nature we use our auditors to assist with the preparation of the financial statements.

10. Staff costs and numbers

The charity has no paid staff. The key management personnel of the charity comprise the trustees, none of whom were remunerated in the current or prior reporting period.

11. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12. Debtors

Gift aid accrual
Creditors: amounts falling due within 1 year
Accruals		 2025
£
5,219
5,219
2025
£
2,220		 2024
£
3,711
3,711
2024
£
2,040

13. Creditors: amounts falling due within 1 year

15

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

14. Analysis of net assets between funds

Current assets
Current liabilities
Net assets at 30 June 2025
Prior period comparative
Current assets
Current liabilities
Net assets at 30 June 2024
Movements in funds
£
Restricted funds
Student support
-
Helpline project
1,000
Computer equipment
3,000
Total restricted funds
4,000
Designated funds
12,000
General funds
51,909
Total unrestricted funds
63,909
Total funds
67,909
At 1 July
2024
Unrestricted funds		 £
1,000
-
1,000
£
4,000
-
4,000
£
23,318
-
3,000
26,318
-
130,360
130,360
156,678
Restricted
funds
Income
Restricted
funds		 £
15,000
-
15,000
£
12,000
-
12,000
£
(23,318)
-
(6,000)
(29,318)
-
(83,995)
(83,995)
(113,313)
Designated
funds
Expenditure
Designated
funds		 £
97,494
(2,220)
95,274
£
53,949
(2,040)
51,909
£
-
-
-
-
3,000
(3,000)
-
-
Transfers
between
funds
General
funds
General
funds		 £
113,494
(2,220)
111,274
£
69,949
(2,040)
67,909
£
-
1,000
-
1,000
15,000
95,274
110,274
111,274
Total
funds
At 30 June
2025
Total
funds

15. Movements in funds

16

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

15. Movements in funds (continued) Purposes of restricted funds Student support To cover student tuition fees and other education costs. Medical equipment To supply medical equipment packs for the supported physiotherapy, nursing and medical students. Helpline project To improve the mental well being of medical students in Malawi by providing a 24 hour confidential helpline peopled by mental health professionals.

Computer equipment To purchase laptops to be used by medical students which the charity supports.

Transport of books To cover the costs of both surface and sea freight for transporting medical books.

Cyclone Freddy To provide on the spot and immediate help and assistance to people who have suffered from the aftermath of Cyclone Freddy.

Adverts To fund adverts placed in medical journals about Medic to Medic activities and providing donation details.

Purposes of designated funds

The designated funds are to ensure the charity has sufficient funds to see the current cohort of students through to graduation in the unfortunate event of the winding up of the charity.

Transfers

To top up designated funds in line with the charities reserves policy.

17

Medic to Medic

Notes to the financial statements

For the year ended 30 June 2025

15. Movements in funds (continued) Prior period comparative

Restricted funds
Student support
Medical equipment
Helpline project
Computer equipment
Transport of books
Cyclone Freddy
Adverts
Total restricted funds
Designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 £
5,475
-
5,000
-
481
250
10
11,216
9,000
38,188
47,188
58,404
At 2 July
2023		 £
14,133
1,000
-
6,700
-
-
120
21,953
-
86,645
86,645
108,598
Income		 £
(19,608)
(1,000)
(4,000)
(3,700)
(481)
(250)
(130)
(29,169)
(69,924)
(69,924)
(99,093)
Expenditure		 £
-
-
-
-
-
-
-
-
3,000
(3,000)
-
-
Transfer
between
funds		 £
-
-
1,000
3,000
-
-
-
4,000
12,000
51,909
63,909
67,909
At 30 June
2024

16. Related party transactions

The trustees and CEO donated a total of £95 (2024: £1,450) to the charity during the year.

18