Charfty r•gl$trallon numbgr 1186021 MATERNAL AID ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
MATERNAL AID ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION TrustaeB DrAJalrij8f Dr U H8fwTI Charlty numbèr 1166021 Prlnclpal addrnss 23 Angalbury House Talbot Ro Wessex Gardens London W2 SLE Indép•nd•nt èxaminèr Tony 80810 Sllver Levene IUKI LimitÈd Chartered Cerfied Accountants Level 5A, Maple House 149 Tottenham Govrt Road London W1T 7NF
MATERNAL AID ASSOCIATION CONTENTS Pege Trustees, rgport Independent examinerfs rep¢)rt ststèm8nt of financlal avIt$ Balan¢8 sheet Nots8 io th8 fla8n¢i8I 5t8tsm&r*ts 8-10
MATERNAL AID ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trusteès present thelr annu81 report and ffnanc431 slatements for the year ended 30 September 2023. The finandal statements have been prepared in accordance with the accounng pollcies sel out in note 1 to the f4nanual sla18ments and eornply wth the charit5ls1governing documenti. tha Charities Act 2011 arKI 'Aceounting and Reporting by Charftie8'. Statement ol Rgcommended Practice ap1¢8b1@ to charfties preparing thglr 3c¢ounts In accordance wlth the Flnandal RepDrtlng Standard appllcable In the UK and RepubllG ol Ireknd IFRS 1021. {affectlV8 1 Janu8ry 20191. oblo]¥¥8 and a¢tyvltlo8 Th8 Charftls objecUv6s are carried out for tha publie b6nefit. Tha tnjstèes conflmi that they have pald du6 regard to the public benefit ousdance publishgd by tho Charity Commission. The Charily rofers to tho pvbli¢ benefit guldarnce wh6n raviewlng and sotlng its alms and oblectlves and In futu16 plannlng. Malgrnal Aid As50ciatSon IMAAI has devlsed a prfmary healthrAre model to revolutlonSse maternal healthcare In rural Bano18desh. known as the Hub-spokes IHSI mode1. The HS rnodel has been deslgned to educate a populauon, specialise Ihe workforce and conDecl rural ¢ommunitie$ to a healthcare System. Th8 main aims ar8 to brlng together a fragrnented health system., aceess the remote and resource-poor populations, and add practlcal innovation and 8SS8ntial targ8ted r880urc8S to th8 field. To 8thi8ve this, MAA8ims to reduc8 th8 d81ay8 pregn8nt woman exporfonc6 In al dedtJing to seek care. bl reachSng care and cl receiving adequate healthcare, as htghlighted in the Thre84elay model. Through targeting these 8rea8. MAA aims to Improve mètem81 health outcomes and ulllrnately allow the HS to serve as a blueprfnl for a rnod81 that can be r8pII(xted throughout th8 devèloplng world, In sSm118r resoupoor anij remote setUNJs. Achl8vement6 and perfomiance Our newly launched MAA clinic acts as th8 'hub'; tt Is an extemal rjlnlc that 11 b8 Utlllsad by MAA'S sp8d811s8d d(xtor5 who have completad an intenslve tralnlng programme, delivered by the Royal College of Obstetrics and Gynaecologists IRCOGI In Bangladesh and recogni88d by the RCOG UK. The piirnary role of MAA doctors in the HS model is to idents'fy, manage andlor refer high-risk pregnancy cases. They will provide compr8henswe 8n10natsl carè IANCI 91 the dlnle on a fortnlghuy basls to hlgfvri8k women. By continuously monltorfng wome durlng pregnancy, the doctors are able to identify th08¢ who n8ed to bo r8piiJly referred lo a hospit81 for secondary ènd lartiary level care. The MAA dlni¢ Is therefore essentlal In the dellvery of adequate heatthcare and also facllitates the r8ferral and tr8nsportatlon ol women to secondary or tertlary hettlth centres. addressing both the delays In reachlng and receSvlng ¢are, and subsoquenly preventing matemal mortality and morbidty. Each component of the HS model 8ddf8SS88 drff8r8nt 818ments ol the thre8-d81ay mod81, providing an efficient nd effectlve approach to the delivery ol matemal healthcare and maternal educallon In resource-poor setllngs. With the successful irnplem8ntation of the HS model, Èlms to Imwove maternal 8nd neonatal health outcomes In Bangladesh. Flnanclal rgvlow Durfng th8 Pgrfod the Charily rec8W8d donatnS 01 £162,576 and sp8nt £153.752.34 in furth8r8nce of its objects. 11 is th8 policy of the charty that unrestficted funds whlch have not been designated for a spedflc use should be malntained at g level equlvalent to betwgen Ihre8 and slx month's expenditvre. The trust88S (x)nsider that reserves al thi5 level will ensu ihat, in the event ol a signrfi¢ant drop in funding, they will be able to Continue the ¢harity's current avil88 whi+e coll8id8ration is given to ways in wh*ch 8ddition81 fvnds m8y b6 raisad. This 18v81 ol SerVeS has been maintained throughout the year. The trustees have assessed th8 major rfsks to whlch thè chartlylg axpos8d. 8nd arè saUsfi8d that sysl8ms arè In place to mlilgate exposure to the major rfsks. Structure, goveman¢e and management The charity is an IncorpDrat8d OrgaThisation govemed by its constitution.
MATERNAL AID ASSOCIATION TRUSTEES. REPORT ICONTINUEO) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees who 8erved duriTh9 tho year and up to Ihe dAte of slgn8ture of #7e fln8nd81 statements were.. OrAJalglrdar Mlss F Z Jalgirdar Dr U Haroon (Resigngd 29 Doc8mb8r 20221 Trust88 V8cana8S shovld b& advertised. however exlstlng trustees are encou¥aged to put fotward names for consideratlon. Ngw trusiees are then appntsd by rnalority ¢onserists. Trustees wlll serve lor a three y8aF Pgri(yJ tlOre bèlng ollglb16 for ra-alectlon. A trustee wlll be appolnted to Ilalse th professlonal advisors to discuss financial i8suas and be respon8ible for 8dvising the Boar( of Tnjsteès on flnancial matters. Th8 board oftrustoes 8dminlst8rs Ihè Charlty 8nd comprls89 of thr86 nMberS who meat as and wh?n requlred. Th8r8 Is 8 process In place to induct n6W trustaes who are glven an ovetvlew of tho charlty and the context ¥thIn whkh It operates. This cov8rs= Ihe obligations of Iruslge8: - Ihe maln documents whlch set out the operational frarn8work for lh8 charily inrjuding th8 conStitun- resovrcln9 the currentflnanel81 positlon as set out in the latest published accounts., . future plans and obj8Ctlves ThB 1ftt. rnport wa9 approved by the Bo8Td ofTrusteeB. DrAJalglrdar Trustae Dated.. 29.07.2024
MATERNAL AID ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF P4lATERNAL AID ASSOCIATION I report to the trnJ8t8e8 on my 8x8min8Uon of tha flnanclal statements of Matemal'Ad Assoclauon Ilh9 tharftyl for the year ended 30 September 2023. Responslbllhlos and b4818 of rnport As the twstees of the Ch•Y you arè spOn$5b1e for the preparatn of the flnandal statements In OrdanCe th the requlrements ol Ihe Charllies Act 2011 (the 2011 Act). I report In respect of my examination of the charitls statements carrled out under section 145 of the 2011 Aet. In e8rrylng out my examlnalion I havo followed 811 th8 appllcablg directions givgn by th8 Charfty Commlsslon vnd8r 88Ctlon 14515llbl of the 2011 Act. Independent examin¢Vs statement Your 8tt8ntion is drawn to the fact that the charity has prepared financlal statements In accordance w(th AccountSno and Reportino by Charities preparing their accounts in accordan with the Flnanclal Reporng standard Appllcabl6 in the UK and Republic of Irel8nd IFRS 1021 In pr81er8n( to th6 AccounJng and Reporting by Chari1185'. Statement of R8c(>mmendad Practice issued on 1 April 2005 which is referr8d to in tr8 extant r6gulatlS but has now been withdrawn. l understand thal thls has b88n don8 In ordèr for ffinanclal statements to sy06 a true and falr vl8w In accordance with Generally Accepted Ac£ounling Practice effective for r¢portin9 periods beginning on or aftor 1 January 2015. I hava Com&t0d my 6xamlnatlon. I conflm that no matters h8Vg come to rny 8ttenlK)n in connection wSth the examination givlng rne cause to belleve that In any matetlal respect.. accounng records v4er8 tt kept In respect of the charfty as requlred by sedon 130 of the 2011 Act.. or Ihe financ181 statèments do t1 acc4yd with thos9 records,. or th& flnand818tstamont8 do not conwly wllh the applkabl8 Tèqulrementg ¢on¢emlng Ihg form and contanl of accounts set out in the Charities IAccounts and Reports) Regulations 2C()8 other than any requiremant that the accounts gSve a Iwe and falr view whi¢h 1$ not a m8tl6r eons4d6red as part ol an Indeperndent examin8tion. I have no concems and have come acros8 no other m8tter8 In eonneetlon th6 6X8minallon to whlch attention should be dr8wn in this r8POrt in oler to enable a proper understanding of the financial statem8nts to be reached. To eala Silv8r L6vènè IUKI Llmitgd Charter6d Certified Accountants L8V815A, Maple House 149 Toltenham Court Road London W1T 7NF Dated..
MATERNAL AID ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrboted Unrestricted funds funds 2023 2022 Notes ncomè from.. Donati$ and legac4e8 162.576 136,193 Total Income 162.576 136,193 Exp8ndltur¥ on.. Charitab18 actlvities 176,422 178,688 Total axp•ndltur• 176,422 178,688 N•t •xpondlturo and mov•mgnt In funds {13.8461 142.495 Reconclllatlon of funds.. Fund balancA8 8t 1 October 2022 65,606 108,101 Fund balances al 30 September 2023 51,760 65.606 Th8 slat8ment Offinan8[ acu1183 Ind188 8119ah)8 and IoB8eJ r¢¢ognl8ed kn th& year. 1 In)ma wandlbjre d8riv8 frorn continuiw acuvitles.
MATERNAL AIO ASSOCIATION BALANCE SHEET AS AT 30 SEPTEMBER 2023 2023 2022 Notes Current assets Debtors C&sh at bank and in harnd io 816 56,704 816 68,750 57,520 69,566 Credltors: amount8 fallino due wlthlrt ono y•ar 11 15,7601 13,9601 Net current 8s8et$ 51,760 85.606 Net assets exdudlno Pgn8ion li4bllily 51.760 65.606 The funds of the charlty Unrestrlcted fvnds 51.760 65,606 51.760 85,606 29.07.2024 Th8 finandal statamants re approved by the trustees on ......................... DrA Jalglrdar Trustee
MATERNAL AID ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 SEPTEMBER 2023 Accountlng pgllcl•$ Charlty Information Matemal Aid Assocsallon Is a ¢harftsble trust. 1.1 Aeeountlng conventlon The financlal ststements have be8n prep8red in 8ttord8nc8 wlh the ch8rtty'$ tgovernlng documentl, ihe Charities Act 2011, FRS 102'Th0 Financlal Repotlng Standard appllcable In thg UK and Republlc of Ir8land I'FRS 102"18nd the Charities SORP "Ac¢ounting and R6portlng by Ch8fit165'. Statement ol Reeommen(Sed Praetlce appllcable to ¢harflles preparfng their accounts In ac¢ordan¢e wlth the Flnancial RglX)rting Standard applicablo in the UK and Republlc of Ird8nd IFRS 1021 leffeetive l January 20191. The charlty is a Public Bèneflt Entlty as deflned by FRS 102. The (arity has tsken adv8ntag8 of Ihe prowsion8 in lh8 SORP for charities not to kYep8 a Ststement of C8sh Flows. Th6 ffinandal statements have departed from the Chadties {AOuntS and Reports) ReguKgtions 2008 only to the extent QUId to provide a tnje and fair view. This departura has involved following the St8tem8nt of Recommendeij Pra¢tice for charitles 8pplwllg FRS 902 rathoF than the verslon of tha Slatemernl of Recommende¢J Practice which is referred to in the Regulations but which h88 since been wSthdr8wn. The financi81 statem8nts ar8 pr8par8d In sterfing, ythich Is the fun01 eurrancy of ihe eharty. Mon6tary amounts in these financial statements are rounded to the nearest £. The financlal statemgnts h8v8 been prepared undor the hi810ri¢81 cost (x)nvenkn'on. The prindpal aunttng polielos adopted are set out bdow. 1.2 Golng concern At the of approving the finan¢ial statem8nts. th8 tnJst88s have a r88son8bl8 expectation that the chaiity has 8dequatè resources to ConnUe In operadonal 8$tenCe for the foreseeable futurg. Thus th8 trustees continue to adopt the going conc8m b8sis of accouriting in prèp8rlng the fjnanolal statements. 1.3 Charitabl• funds nStriCted fijnds are avai18bl8 for us8 8t the disrxetion of thè trusttas In further8ncL of thelr charltab obl8CtIv88. 1.4 Incomg Incorne Is f8cogn5sed when th& charity Is legally enlled to It aftar any perfomiance c£Jndltics have been met, the amounts can be measured r8labty, and it18 probable tliat Income wlll be recelved. C8sh don8tions are recognlsed on receipt. other donations are reCI)gned once lh8 tharity has been notffied of the donation, nsS perforrnance conditions require deferral of the amount. Income tax recoverable in rel8tlon Èo dOnatS recewed under Gift or deeds of cov8nant is r8(x)gnls8d atth8 timè olthe don8tk)n. Leoacles 8fe recognlsed on Fecelpt or Othe88 If Ihe charlty ha8 been not1ft8d ol an Imp8nding di51rtbubon. the arnount 18 known, and racalpt is expected. 11 the amount is not kTh)wn. the kgacy is treated as a GOnngent assoL 1.5 Exp8ndltuM Llabllltles are r6cognlsed a8 res0vrS expended a8 soon a5 th8re 18 a 18gal or (x)nstnJctlve obllgati committing the charity to the expendlture. All expenditu Ls aoUnted for on an accrual basis and has been classiliad under headSn9S that aggr8g8t8 all costs r818t8d to th8 category. IrrecDv8rable VAT charg8d againsl the category of resourcas expended forwhteh11 was Incurred.
MATERNAL AID ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDEO 30 SEPTEMBER 2023 Aceountlng pollcles ICorttlnu•dl 1.6 Cash and cash equFvalents Cash and cash equiv81&nts include cash in hand, deposit8 held at call wrth banks, other short-tenn liquid investmants with odglnal maluriUes of thrae months or16s8. aThJ bank ovardislts. 8ank ovèrdrafts aro shown within borrowings iri current liabllllie5. 1.7 Flnanclhl Instruments The charfty ha5 016cted to apkly tha provlsSons of S8clton 11 '8aglc FIancIal Instruments, and Sbctlon 12 '0th8r Finanaal Instruments Issu8s' of FRS 102 to 811 of Its financlal Instruments. Financial lll5tnJments are recognlsed In th8 chafitls balanrA sh88t when the th&rty b8com8S P8ty tr) the conlraclual wovlslons of the instrurn8nt. Financial 8ssets and liabilitres are offset, with the net amounts presentsd In the financial statements, when there Is a legally onforceable right to set off tha ree4gnlsed amounts and there Is an Intentlon to Sett on a net b8S18 or to r881is8 th8 8s88t and S8tt th8 li8bilty 5imult8naously. Baslc flnanGlal ass8ts Baslc finandal assets. whlch Include debtors and cash and bank balances. aye Inhlally measured at transadion prica inclu(Jing transacuon eosts and are subs8qUenY ¢8rri8d at 8Fnort189d cost Using Iha 8ff8clive interest method unless the arrangement conslitules a financ4ng transaction, where the transaction m6asured at the present value of thè future receipts dlseounted at a mark6t rata of InterasL Flnanaal assets cla8sffied as receivdble within one year are not amortised. Baslc flnanclal Ilabllltl•s Baslc flnand8111obllWo9, IndudlThJ uodttor8 and bank Are InltS01ty rouJgnl8ed At tr8n9adon prfL* unl889 the 8rrang8rn8nl constitut88 a financing trdnsaction, where the debt instrument S measured at the pr8sent value of th6 future payments dlscounted at a mart(et rale of intaresl. Flnandal Ilabllldes dassbfied as paya0 withln one year 8re not amortised. Debt Instruments Are Subsuenlly eArrfed at anKJrttsed cost, uslng the efve Interest rate method. Trade cre¢Jltors Bre obIlga0ns to pay for goods or S8CeS that hav8 been Bcqvlred In the ordinary course of OP8rations from 5LJpplier5. Arnounts payab18 are cl8s8ffi8d as current liabiliti88 if paym8nt 15 du8 within on8 year or less. 11 not, thgy are wesented 88 non-current Ilabllities. Tradg creditors are rgcognised inltially at Irdnsactlon pric8 and sub5equenUy measured at amortised ctsst using Ihe effective Interest mtrthod. Dern¢oonltion of flnanclal Ilabllltles Finanaal Ilabllities Bre derec4gnised when the chartty's 4xntraciual obligations expire or 8re dChArged or cancè118d. 1.8 Ernploy8e benefits The c05t ol any unused lIdaY entltlement Is recognlsed In the period In whlch the employee's setwce5 are r9¢0Ned. Tamination b6n6fits are recognlse(I Immediately as an axponse whon the chhrity Is demonstrably e4)mmlttad to tsmiinatg Ihe employment of an omployets or to prowdo termination benefits.
MATERNAL AID ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Crltical accounting ¢Jtlrnates and judgements In th8 8ppllealon of th6 thatI$ èccountlng polleies, thè tnjstees Are qUIred to make ludgements, esumlltes and assumptions about th8 c8rryin9 amount ol assets and liabilities that ar8 not readily apparenl from other sourc88. The estlmales and assodatad assumptlons are based on hlstorfcal experlenoe and othèrfactors that are consid8red to be r818vant. Actual results rn8y drffer fram thes8 88tim8t88. The 9sb'rn8t08 ond undortying &88umption8 8r8 rewgw9d on an rmgcAng b&4i8. Rèvision8 to •ccounllng ostjmates are reeognised in the psriod in which the estlmale is revised where the revlsion affects only that period. or In the period of Ihe revlslon and future perlods where the revlsion affects both current and fijture perfocl8. Incom8 from donation5 and logacies Unrestrlcted Unrestslcted funds funds 2023 2022 Donatlon8 and gift8 162.576 136.193 charItab aetlvltlag Governancg Charftablo costs expendltu 2023 2023 To¢al 2023 Totsl 2022 Charftable expendlture 153,752 153,752 159.910 Share of govemance costs188e notg 51 22.670 22.670 18,778 22.670 153,752 176,422 178.688 Support costs Support Gov•rnan¢è costs costs 2023Support costs Governance costs 2022 Aceountancy Legal and wfesdonal 1,980 20,690 1,980 20",69) 1,980 16,798 1,980 16,798 22.870 22,670 18,778 18,778 Analysed betwe8n Support and Governance Costs 22.870 22,670 18,778 18,778 Governance costs indud85 payynents to the indepandent 6xaminer of £1,65012022- £1,980) for accountancy fees.
MATERNAL AID ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 Net movemen¢ in fund$ 2023 2022 The n81 movam8nt In funds Is gt8tad aftèr ch8rginglltr6dltOngi'. Fae8 P8y8bl& for the Indepand8nt examlnatlon of the charftys flnanclal 8tatements 1.980 Tru8tèg1 None of the trustees lor any per60n8 connected wlth them) received any remuneratlon or banafits from the charity durinu th8 y88r. Employ8•5 The average monthly ntjmber of employees during the yearwas: 2023 Numbor 2022 Number Totsl Thar& were no employees whosa annual remuneratk)n was more than £60,000. Taxation The charfty Is exempt frthln taxation on its activSles because all its Income Is applled for Charitab purposes. 10 Debtors 2023 2022 Amounts falllng du• withln one ar., Other d8blors 816 816 11 Cr•dllors: amounts lalllng due wlthln ona yoar 2023 2022 Other Credliors Acwals and def8rred Inrne 3.780 1.980 3.960 5,760 3,960
MATERNAL AID ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 12 UnrestrTcted funds The un¥estricted funds of the charY comprlse the unexpended balances of donadons and grants whlch are not subject Its specific conditions by donors and grantors a5 to how they rnay be used. These indude deslgnated fvnd8 whl¢h havg b8gn $81 aslde out ol unStrIed funds by the trustsgs for sp9cmc putPOS8S. At 1 (ktobor 2022 In¢omln9 resources Re$ovr¢•$ At30 expended September 2023 General funds 65,806 162,576 1176.4221 51,760 Previous year. At 1 October 2021 Incoming rosourcos Resour¢e8 At30 èxpended Septomber 2022 Gen6pal ftjnds 108.101 136,193 1178,6881 65.606 13 Rolaled paity tran8a¢tlons Th8r8 no disdosab18 relatéd party transadons during the ye8r12022- non8). 10