MEDICAL AID UK Charitable Incorporated Organisation {ClO) Registered in England & Wales No.1163686 TRUSfEES REPORT AND FINANaAL ACCOUNTS FOR THE YEAR ENDED 315r MARCH 2024 Prepared by".- The Board of Trustees Medical Aid IUKI 42.Wordsworth Way Rochdale OLII 5JE GREATER MANCHE5fER MEDICAL AID UK TRUSTEES REPORT AND FINANCIAL ACCOUNTS INDEX Page Legal & administrative information Trustees, annual rewrt 2to4 Independent examinees report to the trustees Statement of financial activities Summary statement of financial activities Balance Sheet Notes forming part of the financial statement 9&10 MEDICAL AID UK LEGAL & ADMINsfRATIVE INFORMATION YEAR ENDED 31ST MARCH 2024 Charity Number 1163686 Business Addre55 42 Wordsworth Way Rochdale Greater Manchester OLII SJE Re8lStered 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.Ghafcor Mrs.R.Shamim MBE Prof S.Akbar Dr.M.H.Khan Dr.P.Mir MEDICALAID UK TRUStEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The trustees have pleasure in presenting their eighth report and financial statements for the year ended 315t Marth 2024 LEGAL AND ADMINSTRATIVE DETAILS Governing instrument. Medical Aid(UKI 15 constituted as a Charitable Incorporated Organisation ICIOI in the UK and governed by a constitution.The CIO was registered on 22nd September 201S. Membership. Is open to interested individuals accepted into membership by the trustees.following completion of a prescribed membership form. Trustees.The CIO work is direrted by a board of trustees.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 I Wice President) Mr.M.Arshad Isecretaryl Prof.SAkbar ITreasurer} Executive Committee.The members of the executive commtttee 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 202 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,food and housing of the poor and needy in Pakistan,EnEland & Wales. PUBLIC BENEFITSTATEMENT In planning we have considered 8uidance from the Charity Commission to ensure we meet our public benefst requirements. RESULTS FOR THE YEAR The results for the year are set out on the finan￿ page5 following this report. RESERVE5 POLICY The trustees have considered the policy and have agreed that sufficient funds are to be retained in case of emergenLry 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 is faced.Raising sufficient funds is a major challenge and one for which the trustees are driving forward. DIAY IS CENTERS The first Dialysis Center supported by Medical AidlUK) V&FS established at the City Hospital.Gilgit.Pakistsn on 13th Ottober 2018.Dialysis machines and equipment was donated to the hospital.A management committee was established locally to oversee the daily operation of this center.ln 2023 5 state of the art brand new Fresenius diaylsis machine5 were donated to a well established Kidney Hospital in the city of Gujranwala in the Punjab proVin￿.ThiS hospital is attached to the local Government hospital where 50 dialysis machines are installed to provide free dialysis to poor & needy of the area. FUTURE PROJECtS The trustees have been exploring possible remote areas of Pakistsn to establish dialysis center5 in governrnent run hospitals. We have been approached by the management of Government Hospitsl at Skardu Gllgit Baltistan to establish a new dialysis treatment centre.This project Is well advanced and during the current year to 31st March 2025 4 brand new state of the art diaylsis machines with supporting RO plant have been instslled in thi5 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 ￿ntre will be established this year. in South Punjab province of Pakistan. MEDICAL AID UK TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 202 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 require5 the trustees to prepare financial statements for each financial year.Under the law the trustees have elected to prepare the financial ststements in accordance with United Kingdom Generally Accepted Accounting Practicelunited Kingdom Accounting Standards and applitable 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. Selert suitable accounting policies and then apply them consistently- 2. Make judgements and estimates that are reasonable and prudent- 3. Prepare the financial ststements on the going concern ba515 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 wsition of the charity and enable them to ensure that the financial statements comply with SORP 2C(JS.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and dedurtion of fraud and other irregulartties. APPROVAL The report was approved by the Board of trustees and signed on it's behalf by:_ Dr.l.K.Babar { Trustee & President) 08.01.2025 Independent Examiner's Report To the board of trtjstees of Medical ￿d{uKI on the financial statements forthe year ended 31st March 2024. I report on the accounts of the charity for the year ended 31st Marth 2024.which are set out on pages 6-10 Respertive responsobilities of trustees and examit)er The Charity's trustees are responsible for the preparation of the accounts.The charity tfustees consider that an audit is rbot required for this year under section 144121 of the Charlties Act 2011 and that an independent examination is needed. It is my responsibility to al Examine the accounts under sertion 145 of the 2011 Att. bl To follow the procedures laid down in the general directions given by thè Charity Commission under section 14515llbl of the 2011 Act. cl To state whether particular matters have come to my attention. Ba￿$ of Irthpendent Examlnef's report My examlnation was carried out in accordance with the general directions given 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 record5.lt also includes consideration of anv unusual items or disclosures in the accounts and seeking explanatsons from you as trustees concerning any such matters.The procedu￿$ undertaken do not prowde all the evidence that would be required in an avdit arml consequently no opinion is given as to whether the accoLtnts present a true and fair view and the report is limited to those matters set out in the statement below.. IndepeThlent E￿mIne1S ststemeni In connertion with my examinatl0n,r￿ matter has tome to my attention: 111 which give5 me reasonable cause to believe that in any material respect the ￿qUIreMentS. to keep accounting records in a¢¢ordance with section 130 of the 2011 Act to P￿pare accounts which accord with the accountin8 records and comply with the accounting requirement5 of the 2011 Act have not been met: or 121 to which,in my opinion,attention sknuld be drawn in order to enable a proper understandit ofthe accounts to be reathed. MJ.Chaudhry MJamil & Co. Flnancial Actountants 552 Claremont Road.Manthe5ter M14 SXL 08.01.2025 MEDICAL AID UK STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31ST MARCH 2024 Restricted Unrestrirted Totsl 2023 Plott INCOMING RESOURCES Incoming resources from Charitable artivities 3,428 55,991 4,032 59,419 16,555 4,032 Other income Total Incomlng Resources 3,428 60,023 63,451 16,555 RESOURCES EXPENDED Cost of generating funds Charitable attivities -50 -10 ¢XJO 46 550 -10,CrfXl 46,6(Ki -iO,(MXJ Net surplus/l Deflclt > -6.572 60,023 53,451 -30,045 Balances brought forward Balances carried forward 40,401 33,829 74,578 4.601 114.979 145,024 168.430 114,979 MEDICAL AID UK RECEIPTS AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2024 Z022 RECEIPTS 63.451 16,555 EXPENDrruRE -10.000 46,600 Surplus/Deficit 53.451 -30,045 MEDICAL AID UK BALANCE SHEET AS AT 31ST MARCH 2024 2023 Current Assets Cash at Bank 114 979 Representing'.- Restricted Funds 33.829 40,426 Unrestricted Futids 114 979 For the financial year ended 31st March 2024 the charity is entitled to be examined by an independent examlner.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 account5 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 Profe550r Saeed Akbar (Trustee & treasurer) 08.01.2025 MEDICAL AID UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 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 2005) issued in March 2005 and applicable UK Accounting Standards and the Charities Act 1993. Ibl Incomin Resources Income from charitable activitie5 include donations received by the charity for the purpose it is set up for. ( 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 a5 Zakat and the trustees are obliged to disperse this amount under the Islamic jurisprudence. (dl Taxation Medical Aid{UK} is a registered charity and does not engage in any business activity liable to UK taxation. INCOMING RESOURCES Unrestrlcted Restrided Funds Funds T¢Xal 2023 General Donations Restricted Donations Gift Aid 55.991 55,991 3,428 4,032 13,815 2.740 3.428 4,032 60.023 2,740 63,451 16,555 io MEDICAL AID UK NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ANALYSIS OF FUNDS BALANCE BETWEEN THE NEf ASSETS Unrestrirted Restricted Funds Funds Total 2023 Cash at Bank 134.601 33,829 168,430 114,979 CHARITABLE AcnvtllE&DONATIONS During the year a donation of £IO.OQM) was made to Islamic Relieffor the victims of an Eathquake in Turkey & Northern Syria. 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.