MEDICALAID UK Charitable Incorporated Organisation (CIO) Registered in England & Wales No.1163686 TRUSTEES REPORT AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021 Prepared by-_ The Board of Trustees Medical Aid {UKI 42,Wordsworth Way Rochdale OLII 5JE GREATER MANCHESTER MEDICAL AID UK TRUSTEES REPORT AND FINANCIAL ACCOUKTS INDEX Page Legal & administrative information Trustees, annual report 2to4 Independent examiner's report to the trustees Statement of financial activitie5 Summary statement of financial activities Balance Sheet Notes forming part of the financial ststement 9&10 MEDICAL AID UK LEGAL & ADMINSTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2021 Charity Number 1163686 Business Address 42 Word5WOrth Way Rochdale Greater Manchester OLII 5JE Reglstered Offite 42 Wordsworth Way Rochdale Greater Manchester OLII SJE Trustees Dr.l.K.Babar Mrs R.Shamim MBE Mr.M.Arshad Prof.SAkbar Management Committee Dr.l.K.Babar Mr.M.Arshad Dr.A.Saeed {11 Mr.E.H.Malik Mr.M.Rashid Mrs.R.Shamim MBE Prof S.Akbar Dr.M.H.Khan Dr.P.Mir Dr.B.Ghafoor121 l. Dr.A.Saeed died on 07.(B.2020 2. Dr.B.Ghafoor apointed on 10.09.2020 MEDICAL AID UK TRusfEES REPORT FOR THE YEAR ENDED 31sr MARCH 2021 The trustees have pleasure in presenting their fourth report and financial statements for the year ended 31st Marth 2021. LEGAL AND ADMINSTRATIVE DETAILS Governlng instrument. Medical AidlUK) is constituted as a Charitable Incorporated Organisation ICIOI in the UK and governed by a constitution.The CIO was registered on 22nd September 2015. Membership. Is open to interested individuals accepted into membership by the trustees.following completion of a prescribed membership form. Trustee&The CIO work is directed by a board of trustees.who approve the FK)licy for the organistion.The board is composed of the following trustees who Served throughout the year Dr.l.K.Babar (President) Mrs.R.Shamim MBE I Wice President) Mr.M.Arshad (Secretary) Prof.SAkbar (Treasurer) E¥ecutlve Committee.The members of the executive committee who served during the year were:_ Dr.l.K.Babar Mrs.R.Shamim M8E Mr.M.Arshad Prof.S.Akbar Dr.A.Saeed (died 07.IYJ.20201 Dr.M.H.Khan Mr.E.H.Malik Dr.P.Mir Mr.M.Rashid Dr.B.Ghafoor l aPF)ointed 10.09.20201 MEDICAL AID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2021 Cont Objects of the CIO.The objects are:_ To help the poor and needy in Pakistan,England & Wales: To provide healthcare generally but specifically in providing kidney dialysis.liver disease,and their allied ailments.and To undertake any help to elevate the social.education.fc#)d and housing of the poor and needy in Pakistan.England & Wales. PUBLIC BENEFITSTATEMENT In planning we have considered guidance from the Charity Commission to ensure we meet our public benefit requirements. RESULTS FOR THE YEAR The results for the year are set out on the finance pages following this report. RESERVES POLICY The trustees have considered the policy and have agreed that sufficient funds are to be retained in case of emergency for the continuance of the project in Pakistan.The policy will be reviewed during the financial year. RISK The trustees confirm that controls are in place de5igried to mitigate the major risks to which the CIO is fa￿d.Raising sufficient funds is a major challenge and one for which the trustees are driving forward. DIAYLSIS CENTER The first Dialysis Center sUPPOrted by Medical AidlUK) wa5 established at the City Hospital,Gilgit.Paki5tan on 13th October 2018.Diatysi5 machines and equipment was donated to the hospital.A management committee was established locally to oversee the daily operation of this center. FUTURE PROJECTS The trustees have been exploring possible remote areas of Pakistan to establish dialysis centers in govemment run hospitals.Due to Covid restrictions the trustees have not been able to travel and meet local government officials.The plan is to establish at least one dialysis and treatment ￿￿ter in all the province5 of Pakistan. In the meantime we have been approached by the trustees of a well estsblished Charity working in Pakistsn who are building a state of the art Kidney Hospital at Gujranwala in the Punjab prownce.The hospital when complete will have the capacity to house 50 State of the art brand new German dialysis machines.Medical AidlUKI would be donating 5 such machines to this hospital. MEDICAL AID TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2021 TRUSTEES, RESPONS18IUTIES IN RELATION TO FINANCIAL STATEMENT e trustees are responible for preparing the Annual Report and the ftnanci31 statements in accordance wtth applicable law and regulètions.Charity law require5 the trustees to prepare financial st3tements for each finoncial year.Under the law the trustees have elected to prepare the financial statements in accordance with Unite£* Kingdom Generally Accepted Accounting Pr3tticelUnited Kingdom Accounting Standaras and applicable lawlThe financial ststements are required by law to give 3 true and fair 'Jiew of the state of 8ffairs of the charity and it's net receipts and expenditure for the year. In preparing these financial statements the trI￿eS are reqlrired to: l. Select suitsble accounting poltcies and then apply them consistently: 2. Make judgements and estimares that are reasonable and prudent; 3. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in busines5. The trustees are responsible for keeping adequate accounting records that disc105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with SORP 2005.They are also responsible tor safeguarding the assets of the chartty and hence for tsking reasonable steps for the prevention and dedurtion of fraud and other irregularities. APPROVAL The ort was approved by the Board of trustees and signed on st's behalf by'.- Dr. .K8abar l Trustee & President1 19.01.2022 Independent Examiner's Report To the board of trustees of Medical AidlUKI on the financial statements for the year ended 31st March 2021. I report on the a¢counts of the eharityfor the year ended 3tst March 2021.which are set out on pages &lO The Chartty's trustees are respon￿ble forthe p￿paratiOn of the accounts.The charty trustees considerthat an audit is not required forthis year under seCt￿n 144(21 of the Charities Act 2011 and that an independent examination i5 needed. tt ¢s my responsibilityto- al Examine the accounts under section 145 of the 2011 ACL bl To follow the procedures laid down in the general directions given by the Charity Commission under section 14515llbl of the 2011 ACL CI To state whether particular matters have cometo my attenticffl. Basts of Indepe￿nt ExamA*rfs report My examination wa5 carried out in accordance with the general dirertions gNen by the Charity Commission.An examination includes a re4iew of the accounting records kept bythe charity and a comparison of the accounts presented with those re¢ords.tt also indudes consideration of any unusual items or disclosures in the accounts and seekin8 explanations from you as trustees concerning any suth matters.The procedures undertaken do not provide all the evidence that ' would be required in an audit and Consequent￿ no opinion is ￿ven as to whetherthe accounts present a tDJe and fairview and the report is limited to those matters set out in the ststement bèlow: Independent EvaThinerfs siatemert In connertion with my examination,no matter has cr)me to my attention: 111 which gives me reasonable cause to believe that in any matetial respect the requirements= to keep accounting recor(ts in accordanee wr(h section 130 of the 2011 Act to prepare accounts which accord with the accounting records and compw with the accounting iequirements of the 2011 Act have not been met: or 121 to which.in my oplnlon.attention sh¢)uld be drawn in order to Ènable a proper understanding of thè èttounts to be reached., MJ.Chaudhry MJamil & Co. M.Jamil & Co. Finanual Accountsnts n£ial Aecounrants 19.012024i2 Claremont Rpad, Rusholthe, M*nchtst¢i M145XL Tel: n1612246629 Fax 0161224 0634 70 Glenèagles Road.Heald Green SK8 3TZ MEDICAL AID UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021 Restrlrted Unrestrirted Total 2020 INCOMING RESOURCES Incoming resources from Charitable activitie5 21419 35 365 Total Incomin8 R￿Q￿r¢e5 21419 35 365 RESOURCES EXPENDED Costs of generatlng funds 3,935 Charitable activities Net Income Re50urces 7,450 13,969 21,419 31,430 Balances brought forward 419 58 989 Balance5 carried forward 111838 90 419 MEDICAL AID UK RECEIPTS AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2021 2020 RECEIPTS 21,419 35.365 EXPENDITURE SURPLUS MEDICALAID UK CE SHEEf AS AT 31ST MARCH 2021 2020 xt Current Asse Cash at Bank 111838 Representing-" Restricted Funds ty'r. 42.336 Unrestricted Funds" For the financial year ended 315t Ma￿h 2021 t}￿ charity Is entltlèd to be eKamined by an iftdependent examSner.The trustees acknowledge thelr responslbllfties for ensunng,: that the charity keeps accounting records in accordan￿ with Section 130 of the 2011 Att nd trj prepare accounts which accord wlth the a¢countlng records and comply with the Accounting requlrements of the 2011 ACL The accounts were approved by the board of trustee5 and signed on it's behalf byÉ,- Professor 5aeed Akbar (Trustee & treasurer) JTr MEDICAL AID UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 ACCOUNTING POLICIES {al Accountin Convention The financial statements have been prepared under the historical cost convention, and in accordance with the statement of Recommended practice.Accounting and Reporting by Charities (SORP 2005) issued in March 2C(J5 and applicable UK Accounting Standards and the Charities Act 1993. Ib) Incomin Resources Income from charttable activities include donations received by the charity for the purpose it is set up for. I cl Fund Accountin Funds held by the charity are either: Unrestricted general funds.These are funds which can be used in accordance with the charitable objects at the discretion of the trustees. * Restricted fund5.These are funds that can only be used for restricted purposes within the objects of the charity.Restrictions arise when specified by the donor.The Charity has received funds as Zakat and the trustees are obliged to disperse this amount under the Islamic jurisprudence. Idl Taxation Medical AidlUKI is a registered charity and does not engage in any business activity liable to UK taxation. INCOMING RESOURCES Unre5trirted Restricted Total Funds Fun(ts Z020 General Donation5 13,969 13,969 22.375 Restricted Donations 7,450 7,450 7,450 21,419 12,990 35,365 13,969 io MEDICAL AID UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 ANALYSIS OF FUNDS BALANCE BETWEEN THE NET ASSETS Unre5trirted Restricted Funds Funds Totsl 2020 Cash at Bank 111838 TRUSTEES REMUNERATIONS AND EXPENSES No remuneration or reimbursement of expenses has been made or is due to be made to any of the trustees in respect of this year.