INSTITUTE OF MEDICAL EXCELLENCE
ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023 REGISTERED CHARITY NUMBER 1156325
Institute of Medical Excellence
| Page | |
|---|---|
| Trustees and Advisers | 1 |
| Trustees’ Report | 2 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
| Notes to the Financial Statements | 6 |
Institute of Medical Excellence
Report of the Trustees for the year ended 30 September 2023
The trustees present their annual report for the year ended 30 September 2023 and confirm they comply with the Charities Act 1993, as amended by the Charities Act 2006, the trust deed and the Charities SORP 2005.
Reference and Administrative Information
Charity Name Institute of Medical Excellence Charity Registration Number 1156325 Principal Office 14 Ermington Road Wolverhampton Wv4 5DZ
Board of Trustees
Jaswant Singh Sumal Mandeep Singh Dhaliwal Inderjeet Singh Bassi Amardeep Singh Sumal
Bankers
Barclays Bank PLC Leicester LE87 2BB
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Institute of Medical Excellence
TRUSTEES’ REPORT for the year ended 30 September 2023
Objectives and activities
Our Aims
The objects of the charity are set out in the charity’s trust deed and are summarised as follows:
To preserve and protect good health by providing information and skills to the general public to deal with medical emergencies, choking and cardiac arrest.
Our Objectives
Our key objective is to teach the general public how to identify whether a non-responsive person is experiencing a cardiac arrest and what process should be followed to deal with this situation. Other objective will be to teach the general public how to treat a patient choking and provide general medical advice.
Activities
We have provided training sessions to the general public at several places of worship, schools and corporations. Using trustee equipment our medical staff teach the public how to perform CPR.
Financial Review
No income or donations were received in the year and all travel expenses were made by the Trustees. All training is free of charge by medical professionals and all volunteers provide assistance during training sessions free of charge.
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Institute of Medical Excellence
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales required the charity trustees to prepare financial statements for each year which give a trust and fair view of the state of affairs of the charity and of the income resources and application of the resources of the charity for that period. In preparing the financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures disclosures and explained in the financial statements;
Prepare the financial statement son the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1.
Approved by the trustees and signed on its behalf by:
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Date: 13/06/2024
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RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 30 September 2023
| Unrestricted Funds Note Receipts Donations Sales 2 Total receipts Payments Purchases 2 Travel Advertising & promotions Insurance Total payments Excess/(shortfall) of receipts over payments Cash at start of the year Bank current account at 30 September |
30 September 2023 £ - - - - - - - - - 505 505 |
30 September 2022 £ - - |
|
|---|---|---|---|
| - - - - - |
|||
| - | |||
| - 505 |
|||
| 505 |
The notes attached form part of these financial statements.
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Institute of Medical Excellence
STATEMENT OF ASSETS AND LIABILITIES
As at 30 September 2023
| 30 | 30 | ||
|---|---|---|---|
| September | September | ||
| 2023 | 2022 | ||
| Note | £ | £ | |
| Current assets | |||
| Cash at bank | 505 | 505 | |
| Net assets at the end of the year | 505 | 505 |
The notes attached form part of these financial statements.
Approved by the Trustees and signed on their behalf by:
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Trustee
Date: 13/06/2024
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Institute of Medical Excellence
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023
1. Accounting Policies
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice. Accounting and Reporting by Charities (SORP 2005) issued in March 2005, and applicable UK Accounting Standards and the Charities Act 1993.
(b) Funds structure
All funds are unrestricted. Unrestricted income funds comprise those funds which the trustees are free to use for any purposes in furtherance of the charitable objects.
(c) Income resources
All income resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of income resources can be measured with sufficient reliability.
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
2. Sales and Purchases
There were no sale or purchase transactions in the year. Teaching was provided by the Trustees in their own time for no cost, and travel expenses were covered by the Trustees.
3. Related party transactions and trustees’ remuneration
The Trustees received no emoluments.
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