MEDICAL AID UK Charitable Incorporated Organisation ICIOI Registered in England & Wales No.1163686 TRUSTEES REPORT AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022 Prepared by:_ The Board of Trustees Medical Aid IUKI 42,Wordsworth Way Rochdale OLII SJE GREATER MANCHESTER MEDICAL AID UK TRUSTEES REPORT AND FINANCIAL ACCOUNTS INDEX Page Legal & administrative information Trustees, annual report 2to4 Independent examiner's report to the trustees Statement of financial activities Summary statement of financial artivities Balance Sheet Notes forming part of the financial statement 9&10 MEDICAL AID UK LEGAL & ADMINSTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2022 Charity Number 1163686 Business Address 42 Word5WOrth Way Rochdale Greater Manchester OLII 5JE Registered Office 42 Word5WOrth Way Rochdale Greater Manchester OLII 5JE Trustees Dr.l.K.Babar Mrs R.Shamim MBE Mr.M.Arshad Pfof.S.Akbar Management Committee Dr.l.K.Babar Mr.M.Arshad Mr.E.H.Malik Mr.M.Rashid Dr.B.Ghafoor Mrs.R.Shamim M8E Prof S.Akbar Dr.M.H.Khan Dr.P.Mir MEDICAL AID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2022 The trustees have pleasure in presenting their fourth report and financial statements for the year ended 31st March 2021. LEGAL AND ADMINSTRATIVE DETAILS Governlng Instrument. Medical AidlUK) 15 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. Trustees.The CIO work is directed by a board of trustees,who approve the policy for the organistion.The board is composed of the following trustees who served throughotrt the year Dr.l.K.Babar {President) Mrs.R.Shamim MBE I Wice President) Mr.M.Arshad {Secretary} Prof.S.Akbar {Treasurerl EXec￿1ve Commlttee.The members of the executive committee who served during the year were,-_ Dr.l.K.Babar Mrs.R.Shamim MBE Mr.M.Arshad Prof.S.Akbar Mr.E.H.Malik Dr.M.H.Khan Mr.M.Rashid Dr.P.Mir Dr.B.Ghafoor MEDICAL AID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2022 Cont Objerts 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 s(Kial.education.food and housing of the poor and needy in Pakistan.England & Wales. PUBLIC BENEFIT sfATEMENT 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 pla￿ designed to mitigate the major risks to which the CIO is faced.Raising sufficient funds is a rnajor challenge and one for whith the trustees are driving forward. DIAYLSIS CENTER The first Dialysis Center supported by Medical AidlUKI was established at the City Hospital,Gilgit.Pakistan on 13th Ortober 2018.Dialysis 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 government 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 center in all the provinces of Pakistan. In the meantime we have been approached by the trustees of a well established Charity working in Pakistan who are building a state of the art Kidney Hospital at Gujranwala in the Punjab province.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 UK TRusfEES REPORT FOR THE YEAR ENDED 31ST MARCH 2022 Cont TRUSTEES, RESPONSIBILITIES IN RELATION TO FINANCIALSTATEMENTS The trustees are responible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.Charity law requires the trustees to prepare financial statements for each financial year.Under the law the trustees have eletted to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practicelunited Kingdom Accounting Standards and applicable lawlThe financial statements are required by law to give a true and fair view of the state of affairs of the charity and it's net receipts and expenditure for the year. In preparing these financial statements the trustees are required to= l. Select suitable accounting policie5 and then apply them consistently: 2. Make judgements and estimates that are reasonable and prudent: 3. Prepare the financial statements on the Eoing concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with SORP 2(￿5.TheY are also responsible for safeguarding the as￿t5 of the charity and hence for taking reasonable steps for the prevention and deduction of fraud and other irregularities. APPROVAL The report was approved by the Board of trustees and signed on it's behalf by-_ Dr.l.ILBabar l Trustee & President) 19.01.2023 Independent Examiner's Report To the board of trustees of Medical AidlUKI on the financial statements for the year ended 31st March 2022. I report on the accounts of the tharity for the year ended 31st March 2022.which are set out on pages 6-10 Respective responsobilities of trustees and examiner The Charity's trustees ère responsible for the preparation of the accounts.The charity trustee5 consider that an audit is not required for this year under section 144121 of the Charities Act 2011 and that an independent examination is needed. It is my re5w)nsibilityto al Examine the accounts under section 145 of the 2011 Act. bl To follow the procedures laid down in the general direttions given by the Charity Commi55ion under section 14515llbl of the 2011 Act. cl To state whether particular matters have come to my attention. Basis of Independent Examlnerfs repDrt My examination was carried out in accordance with the general dirertions gNen by the Charity Commission.An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.lt also includes consideration of any unusual items or disc105ures in the accounts and seeking explanation5 from you as trustees concerning any such matters.The procedures undertaken do not prowde all the evidence thzt would be required in an audit and consequently no opinion is given as to whether the accounts present a true and falr view and the report Is limited to those matters set out in the statement below.. Independent Examlner's statement In tonnection with my examination.no rnatter has come to my attention- 111 whith gives me reason3ble cause to believe that in any material respett the requirements= to keep accounting records in actordance with section 130 of the 2011 Art to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not bÈen met,- or 121 to which.in my opinion,attention should be drawn in order to enable a proper under5tandin8 of the accounts to be reached. MJ.Chaudhry MJamil &Co. Financial Accountants 552 Claremont Road.Manchester M14 SXL 19.01.2023 MEDICAL AID UK srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022 Restrlcted Unrertricted Total 2021 Note INCOMING RESOUR Incomlng resources from Charitable activities other income 5.350 21,130 6.706 26,480 21419 6.706 Total Incoming Resources 33 186 21419 RESOURCES EXPENDED Costs of generating funds Charitable activities Net Income Resources 5,350 27,836 33,186 21,419 Balances brought fonvard 111838 90 419 Balances carried forward 145 024 111838 MEDICAL AID UK RECEIPTS AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2022 2021 RECEIPTS 33.186 21,419 EXPENDITURE SURPLUS MEDICAL AID UK BALANCE SHEET AS AT 31ST MARCH 2022 2021 Current Assets Cash at Bank 145 024 111838 Representing-_ Restrirted Funds 47,686 42,336 Unrestritted Funds 145 024 For the financial year ended 31st March 2022 the charity is entitled to be examined by an independent examiner.The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records in accordance with Settion 130 of the 2011 Art and to prepare accounts which accord with the accounting records and comply with the Accounting requirements of the 2011 Art. The accounts were approved by the board of trustees and signed on it's behalf by Professor Saeed Akbar (Trustee & treasurer) 19.01.2023 MEDICAL AID UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 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 ISORP 2005) issued in March 2005 and applicable UK Accounting Standards and the Charities Act 1993. (bl Incomin Resources Income from charitable 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.The5e are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restritted funds.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 Unrestrlcted Restrirted Funds Funds Total 2021 General Donations Restricted Donations Gift Aid 21,130 21.130 5,350 6,706 13,969 7,450 5.350 6,706 27,836 5.350 33,186 21,419 io MEDICAL AID UK NOTES TO THE FINANCIAL STATEMEf+lTS FOR THE YEAR ENDED 31ST MARCH 2022 ANALYSIS OF FUNDS BALANCE BETWEEN THE NET ASSETS Unrestricted Restrirted Funds Funds Total 2021 Cash at Bank 145 024 111838 TRUSTEES REMUNERATIONS AND EXPENSES No remuneration or reimbursement of expense5 has been made or Is due to be made to any of the trustees in respect of this year.