MEDICAL AID UK Charitable Incorporated Organisation (CIO) Registered in England & Wales No.1163686 TRUSTEES REPORT AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023 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 examinerfs report to the trustees Statement of financial activities Summary statement of finantial activities Balance Sheet Notes forming part of the financial statement 9&10 MEDICAL AID UK LEGAL & ADMINSTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2023 Charity Number 1163686 Business Address 42 Wordsworth Way Rochdale Greater Manchester OLII 5JE Registered Office 42 Wordsworth Way Rochdale Greater Manchester OLII 5JE Trustees Dr.l.K.Babar Mrs R.Shamim MBE Mr.M.Arshad Prof.S.Akbar Management Committee Dr.l.K.Babar Mr.M.Arshad Mr.E.H.Malik Mr.M.Rashid Dr.B.Ghafoor Mrs.R.Shamim MBE Prof S.Akbar Dr.M.H.Khan Dr.P.Mir MEDICALAID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2023 The trustees have pleasure in presenting their fourth report and financial statements for the year ended 31st March 2023 LEGALAND ADMINSTRATIVE DETAILS Governing instrument. Medical AidlUK) is constituted a5 a Charitable Incorporated Organisation ICIOI in the UK and governed by a con5titution.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 trustee5.who approve the policy 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 { Vice Presidentl Mr.M.Arshad Isecretaryl Prof.S.Akbar (Treasurer) Executlve Committee.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 MEDICALAID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Cont Objects of the CIO.The objerts are:_ To help the poor and needy in Pakistan.England & Wales: To provide healthcare generally but specifically in providing kidney dialysi5,liver disease.and their allied ailments.and To undertake any help to elevate the 50tial,education.food and housing of the poor and needy in Pakistan,England & Wales. PUBLIC BENEFIT STATEMENT 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 designed to mitigate the major risks to which the CIO 15 faced.Raising sufficient funds is a major challenge and one for which the trustees are driving forward. DIAYLSIS CENTERS The first Dialysis Center supported by Medical AidlUKI was established at the City Hospital.Gilgit.Pakistan on 13th Ortober 2018.Dialysis machines and equipment wa5 donated to the hospital.A management committee was established locally to oversee the daily operation of this center.During the year 5 state of the art brand new Freseniu5 diaylsis machines were donated to a well established Kidney Hospital in the city of Gujranwala in the Punjab province. FUTURE PROJECTS The trustees have been exploring possible remote areas of Pakistan to establish dialysis centers in government run hospitals. We have been approached by the management of Government Hospital at Skardu Gilgit Baltistan to establish a new dialysis treatment centre.This project is well advanced and during the current year 4 brand new State of the art diaylsis machines with supporting RO plant will be installed in this remort area of Northern Pakistan. In addition we are exploring locations in South Punjab to establish dialysis centres where they are needed to treat poor and needy free of cost.The trustees are confident that such a treatment centre will be established this year. MEDICAL AID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Cont TRUSTEES, RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS The trustees are responible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.Charity law requires the trustee5 to prepare financial statements for each financial year.Under the law the trustees have elected 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 expendituie for the year. In preparing these financial statements the trustees are required to.. l. Select suitable accounting policies and then apply them consi5tentlv; 2. Make judgements and estimates that are reasonable and prudent,. 3. Prepare the financial statements on the going concern bas15 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 2005.They are also responsible for safeguarding the assets 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.K.Babar l Trustee & President) 20.01.2024 Independent Examiner's Report To the board of irustees of Medical AidlUKI on the finarbcial 5tatement5 for the year ended 315t March 2023. I report on the accounts of the charity for the year ended 31st March 2023,which are set out on pages 6-10 Respertive resp)nsobilitiès of trustees and examiner The Chartty's trustees are responsible lor the preporation of the accounts.The charity trustees consider that an audit is not required for thi5 year under 5ertion 144121 of the Charitie5 Act 2011 and that an independent examination is needed. It is my responsibility to= al Examine the accounts under section 145 of the 2011 Act. bl To follow the procedures laid down in the general directyons given by the Charity Commission under 5ertion 14515llbl of the 2011 Act. cl To state whether parricular matters have come to my attention. Basis of Independent Examiner's rewrt My examination was carried out in accordance with the general directions given by the Charity Commission.An examination includes 3 review ol the accounting records kept by the charity and a comparison of the accounts presented with those records.lt also includes consideration of anv unusual items or disclosures in the accounts and seeking explanations from you a5 trustees concerning any such matter5.The pr(xedure5 urhdèrtaken do not provide all thÈ Èvidence that would be required in an audii and consequently ￿ opinion is given as to whether the accounts present a true and fair wew and the report is limited to those matters set out in the statement below.. Independent Examinee5 #atement In connection with my examination,no matter has come to my attention= 111 which gives me reasonable cause to believe that in any material respect the reouirements.. to keep accounting records in accordance with section 130 of the 2011 Act to prepare accounts which accord with the accounting records and comply with the atcounting requirements of the 2011 Act have not been met.. or 121 to which.in my opinion,attention should be drawn in order to enable a proper understanding of the accounts to be reached. M.J.Chaudhry MJamil & Co. Financial Accountants 552 Clarèmortt Road.Manchester M14 5XL 20.01.2024 MEDICAL AID UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315T MARCH 2023 Restricted Unrestricted Total 2022 Note INCOMING RESOURCES Incoming resources from Charitable artivities Other income 2,740 13,815 16,555 26.480 6,706 Total Incomlng Resources RESOURCES EXPENDED Cost5 of generating funds -25 -25 -50 Charitable activities Net Deficlt -7.285 -22.760 -30,045 33,186 8alance5 brought forward 145 024 111838 Balances carried forward 114 979 145 024 MEDICAL AID UK RECEIPTS AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023 2022 RECEIPTS 16.555 33.186 EXPENDITURE Deficit/Surplus MEDICALAID UK BALANCE SHE￿ AS AT 31ST MARCH 2023 2022 Current Assets Cash at Bank 114 979 145 024 Representing.'_ Restricted Funds 40,426 47,686 Unrestricted Funds 114 979 145 024 For the financial year ended 31st March 2023 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 Section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the Accounting requirements of the 2011 Act. The accounts were approved by the board of trustees and signed on it's behalf by Professor Saeed Akbar (Trustee & treasuferl 20.01.2024 MEDICAL AID UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ACCOUNTING POLICIES lal 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 20051 issued in March 21X)5 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 c} 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 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 Ilot engage in any business activity liable to UK taxation. INCOMING RESOURCES Unrestricted Restricted Funds Funds Total 2022 General Donations Restricted Donations Gift Aid 13,815 2,740 16.555 21.130 5,350 6.706 13.815 2.740 16.555 33.186 io MEDICAL AID UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 ANALYSIS OF FUND5 BALANCE BEfwEEN THE NET ASSETS Unrestrirted RestTlrted Funds Fund5 Total 2021 Cash at Bank 114 979 145 024 CHARITABLE ACTIVITIES-DONATIONS During the year 5 brandnew Freser)ius dialysis machines costing £36,550 were donated to a government hospital at Gujranawala in Punjab.Paki5tan. A donation of£lO.000 was made to Al-Khidmat Foundation regarding flood and winter relief in Pakistan. TRUSfEES 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.