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← St. Mark Universal Care

2024-03-31-accounts

Company no : 08747202 Charity no : 1155451

St Mark Universal Care

Trustees' Report and Financial Statements For the year ended 31 March 2024

St Mark Universal Care

Trustees' Report and Financial Statements For the year ended 31 March 2024

Contents Page
STRATEGIC REPORT
Our mission 1
Our values 1
Achievements during the period 2
Financial review 2
GOVERNANCE
Reference and administrative details 3
Structure, governance and management 4
Governing Document 4
Recruitment and appointment of Trustees 4
Organisational Structure 4
Public benefit 4
Equality 4
Statement of trustees' responsibilities 5
Compliance with accounting standards 5
FINANCIAL STATEMENTS
Independent Examiner's report 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10

St Mark Universal Care

Page 1

Trustees' Report and Financial Statements For the year ended 31 March 2024

The Trustees, who are also Directors of the company, present their Directors' report and financial statements for the year ending 31 March 2024 which are also prepared to meet the requirements for a Directors' report and financial statements for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities : Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

STRATEGIC REPORT

Our mission

St Mark Universal Care is a UK based charity with a strong track record in helping to transform healthcare and wellbeing outcomes in the communities where we operate. These include projects overseas and in the UK, in Oldham and Warrington.

The charity supports disadvantaged people in all the work it undertakes and ensures that our services are there for all, regardless of any characteristic.

Overseas, our primary focus is on improving access to high quality healthcare in Egypt and the Middle East. By combating disease, we recognise the fundamental link between good health and ability to work and generate income.

In the UK, we also work in partnership with other community groups to provide health and wellbeing benefits. We operate the St Mark Youth Centre from our fundraising base in Werneth Grange, Oldham. This heritage building also enables us to provide a range of spaces and opportunities to the local community.

In short, we exist to further the following charitable objects.

  1. The relief of need and the advancement of health and education worldwide for the public benefit

  2. The advancement of heritage, through securing the future of our listed heritage building and youth centre, Werneth Grange

Our values

St Mark Universal Care

Page 2

Trustees' Report and Financial Statements For the year ended 31 March 2024

Achievements during the period

This past year, the charity has continued its strong focus on delivering health care projects in Egypt, alongside continuing to develop and plan for the future at our base in Oldham.

We have supported 5266 patients in Egypt through our medical aid scheme, providing access to prescription medications to those unable to otherwise access the care they need.

In the summer, our youth volunteers from the UK spent two weeks in Upper Egypt to deliver an English course for 140 students.

At Christmas another group of volunteers prepared a Christmas party for 240 deprived Children.

In Oldham, our "City Mission" Shared Meal for homeless people and people in need in Oldham, continued to grow in capacity and offering throughout the year, though this provision has now paused during the renovation of Werneth Grange, and the Trustees will look at options to restart the Mission once the renovations are complete. Over the year we have served over 1000 hot meals and provided weekly food aid parcels to those in need.

Preparations for the renovation work of the main Werneth Grange building continued over the year, with specialist architects and consultants working to deliver the best outcome for our fantastic heritage building.

Our dining rooms were completely redecorated and had new flooring fitted to enable our charity to participate in the Oldham Table Tennis League, and we have had a great uptake in interest in the team from people of all ages.

Our youth activities have moved from monthly to weekly and continue to deliver a wide range of activities to the young people who attend. We often have visiting speakers on these days who enable us to deliver a varied programme from primary school age children, all the way through to post-graduate students.

The charity has worked hard to provide services that are useful and relevant to the local community we serve in Oldham, while also offering activities that are attended by those farther afield.

Moving into the next year, our focus at Werneth Grange is to ensure the renovation project moves ahead to enable us to increase the charity's services and spaces.

As always, we are incredibly grateful for the support of our donors who enable the charity to deliver our works in the UK and overseas. We will continue to provide excellent care and support to all those we serve.

Financial review

Financial review
A summary of the results is shown below : 2024 2023
£ £
Income 171,481 142,612
Expenditure (193,688) (214,765)
Net income (expenditure) and movement in funds (22,207) (72,153)

Reserves Policy

As the charity becomes more established it is anticipated that significant donations will be received. Where possible the charity will retain around 25% for future investment with the aim of establishing an investment portfolio to provide longer term secured funding to support its projects.

St Mark Universal Care

Page 3

Trustees' Report and Financial Statements For the year ended 31 March 2024

GOVERNANCE

Reference and administrative details

St Mark Universal Care was incorporated on 24 October 2013 (Company registration number : 08747202) as a company limited by guarantee and registered as a charity on 23 January 2014 (Charity registration number : 1155451).

Trading name

St Mark Universal Care

Registered office

Werneth Grange Grange Avenue Oldham England OL8 4EL

Directors & trustees

The Directors and Trustees of the charity who served during the period and up to the date of this report were:

Dr Naser Fouad

Mrs Hala Elnarshy-Fouad (Treasurer) Miss Mariam Ibrahim Dr Lourence Lenzi Lewis-Hanna Miss Amira Dimetrios Dr Demiana Lenzi Lewis Mr Arsany Kanawaty Mrs Maha Hamer Mr Pola Baskharoun Miss Shery Ibrahim

appointed 25 March 2024 appointed 30 October 2024 appointed 30 October 2024 resigned 12 November 2023 resigned 29 September 2023 resigned 12 November 2023

Chief executive

Dr Naser Fouad

Independent Examiner

Mike Garrett Xeinadin North West Limited 100 Barbirolli Square Manchester M2 3BD

Web-site

www.stmarkuniversalcare.org

St Mark Universal Care

Page 4

Trustees' Report and Financial Statements For the year ended 31 March 2024

Structure, governance and management

Governing Document

St Mark Universal Care is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 9 October 2019. It is a charity registered with the Charity Commission on 23 January 2014.

In the event of the company winding-up, the members have guaranteed the liabilities of the company to the sum not exceeding one pound each.

Auditing

All our programmes are audited on a monthly basis to ensure money is invested as pledged, that projects are managed efficiently and that medicines are reaching people in line with our commitments to fulfil prescriptions.

Recruitment and appointment of Trustees

Those persons notified to the Registrar of Companies as the first directors of the Charity are the first Trustees. The Trustees have power to appoint any person to be a Trustee. The Members may remove or appoint trustees by passing a Special Resolution and if there is a conflict between the Members and the Trustees, the Members decision is final.

The Members are the subscribers to the Memorandum and such persons as are approved by the Members to become new members.

Organisational Structure

St Mark Universal Care is governed by its Trustee Board which is responsible for setting the strategic direction of the organisation and the policy of the charity. The trustees carry the ultimate responsibility for the conduct of St Mark Universal Copts Care and for ensuring that the charity satisfies its legal and contractual obligations. The trustees may delegate the implementation of their decisions or day-to-day management of the affairs of the Charity to any employee of the Charity, person or committee as they think fit. Any committee must include at least one Trustee.

Decisions are determined by a simple majority of votes. In the case of an equality of votes the Chairman of the meeting has the casting vote.

Public benefit

The Trustees of St Mark Universal Care believe they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Equality

The charity being founded on Christian principles, positively affirms its support of the Equality Act 2010, whereby the support, services and facilities provided by the charity both in the UK and overseas are available to all, regardless of age, disability, gender, reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation.

More information is provided on our web-site at :

www.stmarkuniversalcare.org

Page 5

St Mark Universal Care

Trustees' Report and Financial Statements For the year ended 31 March 2024

Statement of trustees' responsibilities

The Trustees (who are also the Directors of St Mark Universal Care for the purpose of company law) are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements comply with current statutory requirements, the company's Memorandum and Articles of Association and the Charities SORP.

Compliance with accounting standards

The Trustees confirm that the financial statements comply with current statutory requirements, the requirements of the company's Memorandum and Articles of Association and the requirements of the Charities SORP.

Mrs H Elnarshy-Fouad Trustee

Date :

Page 6

Independent Examiner's Report For the year ended 31 March 2024

St Mark Universal Care

I report to the trustees on my examination of the financial statements of St Mark Universal Care ('the charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘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 2011 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 considers 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 I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is

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 financial statements to be reached.

Use of my report

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 to the charity’s trustees those matters I am required to state 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.

Michael Garrett FCA

For and on behalf of

Xeinadin North West Limited

100 Barbirolli Square Manchester M2 3BD

Date :

Page 7

St Mark Universal Care

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2024

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Note 2024 2023
£ £
INCOME
Donations and legacies 3 135,017 130,644
Income from other trading activities
- Fundraising and events - 261
- Rental income 13,350 11,210
- Other income 23,114 497
- -
Government grants
Total income 171,481 142,612
EXPENDITURE
Expenditure on charitable activities
- Overseas aid 3,255 1,656
- Medical treatment costs 33,015 54,056
-
Wages & salaries 22,590 29,400
- Operating costs 4 126,478 123,239
- Governance costs 5 8,350 6,414
Total expenditure 193,688 214,765
Net income (expenditure) and movement in funds (22,207) (72,153)
Fund balance at 1 April 2023 629,033 701,186
Fund balance at 31 March 2024 606,826 629,033
----- End of picture text -----

The statement of financial activities includes all gains and losses in the year.

All income and expenditure derive from continuing activities.

Page 8

St Mark Universal Care

Balance Sheet

For the year ended 31 March 2024

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Note 2024 2023
£ £
Fixed assets
Tangible assets 10 1,017,149 1,006,705
Current assets
Other debtors 11 12,546 7,175
Cash & bank balances 4,086 5,153
16,632 12,328
Creditors : amounts falling due within
one year 12 (73,255) (64,800)
Net current (liabilities) assets (56,623) (52,472)
Creditors : amounts falling due after
more than one year 13 (353,700) (325,200)
Net assets 606,826 629,033
FUNDS
Unrestricted funds 606,826 629,033
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The Directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Directors acknowledge their responsibility for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2024 and of its net income and movement in funds for the year then ended in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 7 to 13 were approved by the Board of Trustees and signed on its behalf by:

Mrs H Elnarshy-Fouad Trustee

Date :

Page 9

St Mark Universal Care

Statement of Cash Flows For the year ended 31 March 2024

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2024 2023
£ £
Cash generated from operating activities 15,321 (19,334)
Cash flows from investing activities
Purchase of tangible fixed assets (44,888) (47,117)
Cash flows from financing activities
Loans received 28,500 69,700
Increase in cash and cash equivalents (1,067) 3,249
Cash and cash equivalents at the beginning of the year 5,153 1,904
Cash and cash equivalents at the end of the year 4,086 5,153
Represented by :
Cash & bank balances 4,086 5,153
Cash generated from operating activities
Net movement in funds (22,207) (72,153)
Depreciation 34,444 34,585
(Increase) decrease in debtors (5,371) (1,868)
Increase (decrease) in creditors 8,455 20,102
15,321 (19,334)
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St Mark Universal Care

Page 10

Notes to the Financial Statements For the year ended 31 March 2024

1 General information

St Mark Universal Care is a registered charity and a company limited by guarantee in the United Kingdom. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The Charity's operations and principal activities are the relief of poverty initially in Egypt in Sudan through healthcare, economic and social development.

The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

2 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows :

Basis of preparation

These financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in the functional currency of the Charity which is pounds sterling.

Income

All income is recognised once the charity has entitlement to the funds, it is certain that the resources will be received and the monetary value can be measured with sufficient reliability.

Income received in advance of a specified service is deferred until the criteria for income recognition are met.

Interest on funds held is included when receivable and the amount can be measured reliably which is normally on notification of the amount by the bank.

Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Expenditure on charitable activities comprise the costs incurred by the charity where the primary aim is the delivery of activities and services within the objects of the charity.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the costs linked to the strategic management of the charity.

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

Tax

The Charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

St Mark Universal Care

Page 11

Notes to the Financial Statements For the year ended 31 March 2024

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Fixed assets are depreciated so as to write off the cost or valuation, less anticipated residual value, over their anticipated useful lives, subject to annual review, as follows:

Property 2% straight line Fixtures & Fittings 15% straight line Computer equipment 33.3% straight line

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date.

Residual value is based on prices prevailing at the date of acquisition or subsequent valuation. Where, because of high estimated residual value, depreciation is immaterial, no depreciation is charged but an annual review for impairment is performed. Both residual values and useful lives are reviewed and adjusted, if appropriate, at each financial year end.

The carrying amounts of the charity's assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the fixed asset may not be recoverable. If any such indication exists, the asset's recoverable amount is estimated.

Fund accounting

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.

Restricted funds are funds which have been given for a particular purpose.

Designated funds comprise those funds which the trustees periodically set aside for specific projects including future projects and property refurbishments.

Debtors

Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Creditors and provisions

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

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 recorded at transaction value and subsequently measured at their settlement value.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

Government grants

Government grants are recognised on the accrual model and are measured at fair value of the asset receivable. Grants are classified as relating either to other income or to assets. Grants related to other income are recognised in profit or loss over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Page 12

St Mark Universal Care

Notes to the Financial Statements

For the year ended 31 March 2024

3
Donations and legacies
Corporate
Other
St Mark Gold Card
4
Operating costs
Vehicle hire
Sundry expenses
Insurance
Rent & Rates
Maintenance & cleaning
Bank charges
Depreciation
5
Governance costs
Audit / Independent examiner's fees
Legal and professional fees		 2024
2023
£
£
140
5,299
134,857
125,345
20
-
135,017
130,644
2024
2023
£
£
-
7,484
1,086
1,615
8,027
6,918
52,585
65,895
29,465
6,360
871
382
34,444
34,585
126,478
123,239
2024
2023
£
£
5,688
6,138
2,662
276
8,350
6,414

6 Taxation

The company is a registered charity and does not pay corporation tax.

7
Staff Costs
Wages and salaries
Pension costs		 2024
2023
£
£
22,237
28,977
353
423
22,590
29,400

The average number of employees during the year was 3 (2023: 4)

8 Trustee remuneration and expenses

No remuneration has been paid to the trustees during this period. Travel expenses have been re-imbursed.

9 Pension Commitments

The company operates a defined contributions scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £353 (2023: £423).

Page 13

St Mark Universal Care

Notes to the Financial Statements

For the year ended 31 March 2024

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----- Start of picture text -----
10 Tangible fixed assets Fixtures & Computer
Property Fittings equipment TOTAL
£ £ £
Cost
At 1 April 2023 1,056,122 89,750 20,771 1,166,643
Additions 44,888 - - 44,888
- - - -
Disposals
At 31 March 2024 1,101,010 89,750 20,771 1,211,531
Depreciation
At 1 April 2023 89,569 49,598 20,771 159,938
-
Charge for the year 20,981 13,463 34,444
- - - -
Disposals
At 31 March 2024 110,550 63,061 20,771 194,382
Net book value
At 31 March 2024 990,460 26,689 - 1,017,149
At 31 March 2023 966,553 40,152 - 1,006,705
11 Debtors 2024 2023
£ £
Trade debtors 4,560 1,440
Other debtors 354 1,057
Prepayments 7,632 4,678
12,546 7,175
12 Creditors : amounts falling due within one year 2024 2023
£ £
Trade creditors 64,447 34,880
Other taxes and social security costs 209 973
Other creditors 79 23,120
Accruals 8,520 5,827
73,255 64,800
13 Creditors : amounts falling due after more than one year 2024 2023
£ £
Loan 353,700 325,200
----- End of picture text -----

14 Related party transactions

Dr Fouad has provided funding to the Charity of £353,700 (2023 - £325,200) by way of loan. The loan is interest free and has no fixed repayment date.