WFSA(UK) WORLD FEDERATION OF SOCIETIES OF ANAESTHESIOLOGISTS Trustees, Report and Financial Statements 2023 Registered Charity Number 1166545 Company Limited by Guarantee Registered Number 09312117 (England & Wales)
Worfd Federation of SO¢Iles of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Contents page Contents p¢ige Reference ondAdmlnlstrntlvedetolls Strurturei governonce ondmonagement Trustees'Report ondActivi Iteview Independent Examiners epK)rt StotementolFlnoncla15tt7tements li 8olanceSheet 12 13.11 Notes to the Flnonclalstotement 15-21
Worfd Federation of SocEties OfAnaesthesiJg1$ts IUKI Annual Report and Finan81 Statements Year ended 31 December 2023 Reference and Administrative details e8lstered charlty number 1166545 Company Umfttd by Guarantee Reglstered Number 09312117 Registered Office 57 Queen Anne Street London WIG 9JR bankers Natlonal Westminster Bank PIC Cavell House, 23 Charing Cross Road London WC2H OPO Independent Examiner Chaweevan Willièms FCCA Verdanr Accountant Limired 20-22 Wenlock Road, London, Nl 7GU Trusiees Or Waynè Morrlss, Chair Prol. Andrew Hartle. Treasurer Dr Kathleen Ferguson Prof. Adrian Gelb Dr Emma Lillie Or Jolene Moore (until 30 Sep 20231 Or Clare Roques (from 10 July 20231 Company Secrètary Kristine Stave
Worfd Federation of Socielies of Amaesthewlogists IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Structure, governance and management The charity Is a company limited by guarantee Ire8lstered in England and Wales number 093121171 and has no share capital. The liability of each mernber in the event of winding up is limited to £1. Its registered address is $7 Queen Anne Street. London. WIG 9JR. As per its Articles of Association. the World Federation of Societies of Anaesthesiologists IUKI IWFSA IUKII is governed by a Board of Directors who are also Trustees as per the Charities Act 2011. Day-to- day management is provided by rhe Company Secretary. At the end of the perlod, four olthesix directors were based in the UK wilh the other Trustees holding positions on the World Federation of Societies of Anaesthesiolo8iSts IWFSAI as per the Articles of Association Clause 27. 3-S.. 27-131 At least one director must be a UK resident. 27-141 Three directors would usually be serving members of the 8oard of the WFSA and the President of the WFSA would usually also serve as the President of the WFSA IUKI. 27-151 Subject to the member5, discretion. at least one dirertor shall be a non-anae5thetist. Induction and Training All new Trustees are briefed by the Secretary and receive information about the structure, governance, and activities of the WFSA IUKI. All Trustees receive a copy of the Articles of Association, alongside a briefin8 document about their responsibilities as Trustees and useful links to the Charity Commission website. Trustees also receive documeniation and contextual bfiefin8 on the 8lobal crisis in anaesthesia and sur8ery.
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Trustees, Report and Activity Review Objertives and artivities The object of the WFSA IUKI as set in the Articles of Association, is.. To presetve and protect the health of patients through ensuring they receive and have access to safe anaesthesla worldwide by educating and iraining anaesthesia providers, disseminating internatlonal standards and supporting innovation and research in anaesthesiology for the benefit of the public. Public benefit The WFSA IUKI provides public benefit byeilucaiin8 and training anaesthesia providers, disseminating international standards and 5UPPOrtin8 innovation and research in anaesthe5101ogy. The Trustee5 confirrn they have complied with the guidance contained in the Charity Commission's general guidance on public benefit in section 4 of the Charities Art 2011 when reviewing the Charity's airns and objettives. Who we are. The WFSA IUKI 15 led by a team of volunteer anaesthesiologists together with other volunteer5 who share a mission to improve access to safe anaesthesia and to ensure that its provision is as safe as possible. We exist to further and support the 8lobal activities of the World Federation of Societies of Anaesthesiolo8lSts IWFSAI and to bring UK expertise, volunteers, and financial resources to bear on the global Crisis of unsafe anaesihesia and surgery. Achievements and performance The charlty seeks to support the WFSA in its work to address the fact that five billion people lof global population of lust over seven billion) do not have access to safe, alfordable anaesthesia and SUf8ery. A new strategy for the charity was launched in 2023 which tan be actessed at htt wfsah content loads WF trare b. df. This confirmed three core strategic priorities for the harity as follows.. l. Supportin8 educational efforts within anaesthesia and cntical care in low-resource settin8S. 2. Advancing public knowledge about the important role of anaesthesia and critical care within global health. 3. Working with other oiganisations to improve the safety and quality of anaesthesia and critical tare. The charity supported several key projerts during 2023 as outlined bel¢)w. Partnershlp wlth the Tropkal Health Educatlon Trust (THEn 8uildin8 on our collaboration with THET in Sotnaliland and Myanmar in 2022. we expanded our work to deliver training prograrnme5 in both countries. While the training and modalitie5 for each country were different, both project5 focused on obstetric care. In Somaliland, we delNered a Sofer Anoesthe5io from Education ISAFEI Obstetrics course for 22 anaesthesia professionals and a Safe Operatin8 R¢)om course (with support from the Lifebox Fovndationl training 31 clinicians lanaesthesia professionals. surgeonsand nurses and midwives). The
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 courses were complemented by the SAFE Training of Trainers course which build capacity by training an additional 15 SAFE trainers. As the ongoing political Situation in Myanmar limits the feasibility of ift-person training. our work centred on delivering another SAFE Online- Obstetrics course to 15 anaesthesiologists via our SAFE Online platform. Participants began the course towards the end of 2022 and completed this in June 2023. Fund a Colleague's Education The charity supported the phased restart of the WFSA Fellowship Programme in 2023, now operating 21 Fellowship Programmes across Asia, Africa, Europe, and Latin America. Collectively, these pro8rammes trained 31 anaesthesio108ists from 18 countries in a variety of sub-speciality areas. A full Iisi Ss Sncluded below= l. Pain Management- Hyderabad. India 2. Paedi3tric Anaesthesia- Vellore. India 3. Intensive Care- Vellore. India 4. fiegional Anaesthesia- Coimbatore, India S. Thoracic Anaesthesia- New Delhi, India 6. Paediatric Regional Anaesthesia- Mumbai. Indla 7. General Anaesthesia- Bangkok. Thailand 8. Paèdiètrit Anaesthesia- Bangkok. Thailand 9. Pain Management- Bangkok. Thailand 10. Neuro- Anaesthesia- 8angkok. Thailand 11. Paediatric Anaesthesia- Nairobi. Kenya 12. Paediairic Anaesthesia- Abuja, Ni8eria 13. Paedlatrlc Anaesthesla- Kampala, U8anda 14. Paediatric Anaesthesia- Lusaka. Zambia 15. Regional Anaesthesia- Kumasi. Ghana 16. Obstetric Anaesthèsia- Port Harcourt, Nigeria 17. Obstetric Anaesthesia- Marrakech, Morocco 18. Paediatric Anaesthesia- Marrakech. Moroc 19. Pain Mana8ement- 8otocatu, 8razil 20. Paediatric Anaesthesia- Zenica, Bosnia and Herze8ovin 21. Paediatric Anaesthesia- Belgrade. Serbia Llbtrla AnaÈsthè5ia Capaclty Dtvelopmtnt The WFSA workforce survey showed that acr055 Africa only fwe countrie5 had a Physician Anaesthesia Provider density greater than I per ICKI,COJ population. The minimurn recommended number 15 4 per i(XJ.(X)O population. The problem is particularly acute in Liberia which has a population ol over 5 million but has never had a Physician Anaesthesia Provider of Liberian origin working in the country. Instead. provision of anaesthesia has been wholly lIant on ihe efforts of approximately 80 anae5thetic nurses. We know that physician 3naesthe5ia provider5 play a key role in developing the knowledge and skills of non-physician providers and provide crucial support for particularly difficult ca5e5, and the charity is therefore working to support the creation of a cadre of Liberian PhysiciaTh Anaesthesia Provider5. This work has been ongoingsince 2018 and aims to support Liberian physicians to complete the West African College of Sur8eons IWACSI Diploma in Anaesthesia through training in Nigeria. During 2023 we continued to support Dr Jason Bleah to complete his Diploma in Anaesthesia with the West African Colle8e of Surgeons IWACSI and Dr Kephe lig Miame to progress to his WACS Fellowship Trainin8.
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 WFSA- Fresenius Kabi Innovation Awards Following successfLJI delivery of the WFSA-Fresenius Kabi Innovation Awards at the 2021 virtual World Congress of AnaesthesioloRists. during 2022 funding was secured for a further round of the Award. Three awards from a total of 25 applications were made in early 2023 within the categories of 'Environmental / Eco-friendly anaesthesia- Innovation5 that promote the WFSA Consensus principles of envlronrnenta1 su51ainable aThaesthesia' and 'Safer Medication Managernent - Innovations that irnprove the efficiency and safety of medication management,. The awardees were.. Dr Karen N3nji- Global PRoMiSe.' Perioperative Recommendations for Medication Safety Dr Poh Pie Kie- Reducing Healthcare Waste Burden by Repurposing Used Syringes into Bitumen Dr Alan Tung- poseTIVA IPrartical Open-source Ecological TIVAI Toolkit Awardees have used the award funding to develop their respective innovations which will be presented at the 18th World Con8ress of Anaesthesioio8ists in Singapore in March 2024. Per5operat6ve Pallent Blood Management IP-PBMI In 2023, the charity 5UPPOrted a new WFSA initiative and partnership with CSL-Vifor which focused on Perioperative Patient 81ood Management. Work centred on developing two new short tr3ining courses in a similar forniai to WE and other successful WFSA training courses. This was complemented by several activities aimin8 to raise awareness about patient blood managernent includin8 8alnin8 the commitment 0165 WFSA Member Societies, Re8ional Sections and Professional Organisations via the Santa Crui Oeclaiaiion: a Global PBM Consensus. Globallv Plans for 2024 We wlll contlnue our collaboration with ihe WFSA for the benefft of patients worldwide through our global anaesthesia capacity-buildin8 and stren8thenin8 projects. This will Include work on the Liberia Anaesthesia Development Capacity Building Pro8ramme which we hope to expand to enable more phy5ician5 to train and complete the Diploma in Anaesthesia certification and from there pursue more advanced qualification5. During 2024 we will continue to work closely with the WFSA and other partners on the fundin8 and delivery of SAFE trainin8 courses worldwide, as well as on revitalisin8 ihe delivery of Fellowship pro8rammes. We also expect to work with the WF5A to implernefit the new trainin8 On Perioperative Patient Blood ManaBement. taking a patient-centred, 5Y5tematic and evidence-ba5ed approach to improve outcornes by rnanaging and preserving the patienys own blood, while promoting patient Safety and empowerment. Financial review The WFSA IUKI generated income of £81.897 12022.. £105.$091 over ihe course of the ye3r. Total expenditure was £94,85512022.. £97,2151. The totsl reserves at the end of ihe year were £53,345 12022.. £56,170] of which £41,12012022.. E51,9401 was restricted. The Charity SUPPOrted these projects by making contributions to rts partnei organi5ation, thp World Federation of Societie5 of Anaesthesioltsgists IWFSAI. a non-profit organi5ation registered in the USA (registration number EIN 13-32111281 with the Same objects. A collaboration agreement 15 in place
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 tween the partners, and WFSA staff and Trustees are aware of their liabilities and responsibilities in delivering the projetts as specified by WFSA IUKI Trusiees and grant funders. Our approach to risk The Board of WF5A IUKI reviews the or8anisation's risk re8iSterat least annually. Each risk is analysed in terms of likelihood and impart,. and mitigatory steps included to manage this. Reserves poliry The Trustees recognise that the level of unrestricted reserves of the charity is low but point out that the charity has virtually Zero runnin8 Costs and is supported entirely by volunteers. Its partner organisation, WFSA, has agreed to support the charity to ensure it remains a goinR concern. The Charity aims to maintain E12,320 in ServeS, sufficieni for the winding-up of the organisation and three months. operatlonal tosis. Going concern The Trustees have ensured that the WF&4 IUKI Is a 8oin8 concern thanks to a commltment from our partneror8anisation, the WFSA, for ongoing supportof the Charity's operations. Fundin8 Was thisyear setured from Fresenius Kabi Ilnnovation Awardsl. CSL Vilor IPatient Blood Management) and several smaller indivldual donors. The WFSA IUKI 15 an independent charity allied to the WFSA. and 50rne resources are shared between the two organisatioTrs. notably staff and office space. The runnin8 Costs of WFSA IUKI are minimal and therefore the financial risk to the or8anisation continues to be low.
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Trustees, Report and Strategic Review (continued) Statement of Trustees, responsibilities The Trustees Iwho are also Directors of WFSA IUKII for the purpose of company lawl are responsible for preparing the Trustees, Annual RekN)rt and the financial statements in accordance with applicable law and United Kingdom accounting standards IUK Genernlly Accepted Accounting Practice). Company law required Tru5tee5 to prepare financial statements for each financial year, which give true and fair view of the 51tuation of the charitable company and of the incorning resources and application of re50urce5. including the income and expenditure ol the charitable company for that period. In preparing these financial statements. the Trustees are required to.. Select suitable accounting policies and apply them consistentlv. Observe the methods and principles in the Charity Statement of Recommend Practice ISORPI Make judgments and accountin8 estimates that are reasonable and prudent. State whetherapplicable UKAccountin8 Standards have been followed subjert to any material departures disclosed and explained in the financial statements and Prepare the financial statement on the goin8 concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and enable them to ensure that the financial statements comply with the Companiè5 Act 2006. They are also responsible ltsr safeguarding the as5et5 of the charitable company and hence for taking reasonable steps for the prevention and direction of fraud and other irregularities. Small Com Provisions This report has been prepared in accordance with the special provisions for small companles under Part 15 of the CompanSes Act 2LN%. Inde endent examiner Chaweevan William5 FCCA of Verdant Accountant5 Ltd was appjinted as WFSA IUKI independent examiner in 2022. The Tru5tees' report was approved by the Trustees on -. behalf by and signed on their Prof. Andrew Hartle Treasurer DATE.. 07 June 2024
World Federation of Societies of Anaeslhesiologists IUKI Annual Report and FinanGial Statements Year ènded 31 December 2023 Independent Examinerfs Report to the Trustees of The World Federation of Societies of Anaesthesiologists (UK) I report on the accounts of the company for the year ended 31 Oecember 2023 which are set out on pages 10 to 21. Responslbllltles and basls of report As the charity trustees of the company land its 1ctOrS for the purposes of Company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfi.ed myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in re5pert of my examination of your companls accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carryin8 Out my examination I hJve followed the Oirecfjons given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. l confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Att other than any requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examination; or 4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their account5 in accordance with the Financial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the account5 to be reached. Chaweevan Williams FCCA Verdant Accountants Limited Chartered Certified Accountants 20-22 Wenlock Road London Nl 7GU Date.. 10 June 2024 IOIPage
Worfd Federation of Souelies of AmaesthesioltyJists {UKI Annual Report and Financial Stst8m8nts Year ended 31 December 2023 Financial Statements Statement of Financial Activities Year ended 31 Decernber 2023 un51cled Restrfrted T(tsl Vnwestrirted Restrlcted Total FUd9 Funds 2013 FuNd Furtds 1022 Iw)mEfrom.' Donations and Legacies 701 1.261 12,528 13,789 Income Iromcharitswe 7L109 gi.720 91.720 In¥estme Total 78MIO 81m7 1,261 104,248 IOS,509 Expendlture on.. Expenditureon Rai51ni Fund5 129 6AZ3 212 50.051 34L 96.874 SZZ5 Tot41 Exptndhur• 5.IZ5 89,630 6.952 90,263 97,21S Net 4Komellewdltuvel 12.lJ81 (lo20 112.9581 15.691 13,985 8,294 Forel8h exthart 1/1)$$} 133 1076 1,076 Trénslers betwn funds Net fflovement In 7.995 IIOMIOI 12W51 14.6151 13,985 9.)70 Re¢•n¢llitlon olfynos Tot•1 luhdsbou8htlorw•rd 4.2JO 51.940 8A45 37,955 46.800 Total lunds cattld lor*a 11.225 41,120 53.345 12.492 48,311 S6,170 The company made rbo recognised gains and losses othef ihan those reported in the income and expenditurè account. All intome and expenditure derive from ttjntinuing activities. 11 IPage
Worfd Federation of SO¢Iles of Amaesthewlogists IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 The Notes on pages 12 to 21 form part of these financial statements Balance Sheet As at 31 December 2023 Company Registration.. 09312177 Totsl Funds Total Funds 2023 2022 Note Current assets.. Debtors Cash at 8ank and in hand Total current a55etS 134.898 40,427 175,326 41.432 16,238 57,670 Credltors.. amounts fallln8 due within one year 1121,9801 11,5001 CURRENT ASSErs 53.345 56,170 NET ASSETS 53,a4S 56,170 RESERVES Unrestricted funds Restricted funds 12.225 41,120 4,230 51,940 TOTAL FUNDS 53,345 56,170 In approving these financial statements as trusteeldirectors of the charitable company we hereby confirm that.. For the year endin8 31 Oecember 2023 the charltable company was entitled to exemptlon from the audlt under section 477 01 the Companies Act relaiing to the small companies. The Members have not required the charitablè company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companie5 Act 2CQ6. The Trustees acknowledge their responsibilities for complyinR Wlth the requirements of the Act with respect to accounting records and for pparing financial statemenis. These financial statements have been prepared in aceordance with the pmisions applicable to companies subject to the small companies. gIMe. The financial statements were approved by the board of trustee5/director5 on and signed on its behalf by.. Prof. Andrew Hartle Trustee/Dirertor Date.. 07 June 2024 121Page
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 The Notes on pages 12 to 21 form part of these financial statements Notes to Financial Statements l. Accounting policies Basis of preparation The financial statements have been prepared on a RoinK concern basis and in accordance with applicable Accounting Standards in ihe United Kin8dom, includin8 the Statement of Recommended Practice- Accounting and Reporting by Charitie5 ISORPI, Financial Reporting Standard 102 IFRS 1021 and in accordance with the Companie5 Act 2CQ6 and Charities Act 2011. using applied accounting policies. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounrin8 policy or note. Public benefit entiry The charitable company meets the deflnltlon of a public benefit entity under FRS 102. Going contern The Trustee5 consider ihat there are no material uncertaintie5 about the charitable company's abilitv to continue as a going concern and to continue acquiring new contracts. The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk ol causin8 a material adjustment to the carryin8 amounts of assets and liabilities within the next reportin8 peri¢)d. Income Reco8nilion of income takes pla£e in accordance with applicable accountin8 policies and results are presented I accordance with SORP & FRS 102. All incomin8 resources are included in the Staternent ol Financial Activities ISOFAI when it is probable that the income will be received and that the amount can be measured reliably. Grants and donations are recorded in the period in which they are received, or the Charity is entitled to the Income. Any donations tied to a particular purpose are credited to restricted reserve. Incorne frorn revenue grants ad other grants are credited to the Statement of Financial Activities when received or recewable. Where unconditional entitlernent to 8rant5 re1Vable 15 dependent on fulfilment of conditions within the CharitV'5 control. the incoming resources are recognised wheTh there is sufficient evidence that conditions will be met. It is probable that the incorne will be received, and the amount can be measured reliably and is not deferred. Contrartual income is reco£nised when the charity has entitlement to the fvnds, any performance conditions attached to the income have been met. it is probable that the income will be received and that the amount can be measured reliabty. Incorne received in advance of the provision of a specified Se1 15 deferred until the criteria for income recognition are met. 131Page
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Notes to Financial Statements (continued) Gifts and services in kind Donated professional services and donated facilities a recognised as income when the charity has control over ihe item or received the service, any conditions associated with the donation have been met, the receipt of economic benefrt Irom the use by the charity of the item 15 probable and that economic benefit can be rneasured reliably. In the case ol donated fixed assets. a designated fund is created reflecting the book value of the asset. which is then reduced over ihe useful economic life of the asset in line with its depreciation. On receipt. donated gifts. professional services and donated facilities are recoRnised based on the value of the £ift to ihe charity which is the amouni thechari¢y would have been willing to pay to obtain servlces or facilities of equiyaleni economic benefit on ihe open market; a correspondln8 amount Is then retognised in expenditure in the period of receipt. The value of services provided by volunteers has not been included in the Statement of Flnanclal Activitie5. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the chariiy,. rhis is normally upon noiificaiion of rhe interest paid or payable by the bank. Fund accounting. Restrltted funds are to be used for speclfic purposes as lald tlown by the donor. Expendlture whlch meets these crlterla Is charged to the lund. Unrestrlcted general funds are donations and other incoming resources received or generated for the charitable purposes. The General Fund must provide for the net deficit of any activities that have inadequate income of their own and for the 8eneral administration of the Charity. Designated funds afe vnresifirted funds eamarked by ihe trustees for significant purposes. Expenditure and irrecoverable VAT Expenditure is recognised once there is a le8al or constructive obligation to make a payment to a third party, it is probable that settlement will be required and that the amount of the obligation can be measured reliably. Resources expended include artributable VAT which cannot be recovered. Expenditure is classified under the followin8 activity headings.. Costs of raising funds relate to the costs iThcurred by the charitable company in inducin8 third parties to make voluntary contributions to it, as well as the cost of any artivities with a fundraising purpose to obtain funds. Expenditure on charitable activities includes the costs associaied with main the objects of the charity and include both the direct cosi and support cost relating to these activities. Project mana8ement18rant makiTh81 undertaken to fvrther the purposes ol the charity and their associated 5UPPOrt C05t5. Grants payables are recognised in the SOFA when they are approved by the Trustees and the recipient has been informed. Support COSt5 are those costs incurred which are not directly an output of the charitable activity. Governance c05t5 are the costs associated with the governance arrangement5 of the charity. These costs are associated with constitutional and ststutory requirements and include anv costs associated with the strategic management of the charitls activities. 141Page
Worfd Federation of Socielies of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Notes to Financial Statements (continued) Allocation of support costs Resources expended are allocated to ihe auivity Whe the cost rela directly to that activity. However, the cost of overall direction and administration of each activity, comprisin8 the salary and overhead costs of the central function. is apportioned based on project expenditure. Debtor5 Trade and other debtors are recogni5ed at the settlement amount due after any trade discount offered. Prepayment5 are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances e¥clude any funds held on behalf of seivice users. Creditors and provisions Creditors and provisSons are recognSsed where the charity has a psent obll8atlon resultSng from past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provislons are normally recognised at their settlement amount after allowing lor any trade diKounts due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 8asic financial instruments are ini11al reco8nised ai transaction value and subsequently measured ai their settlement value e¥£ept for bank loans whlch are Subsequently measured at amortised cost using the effective interest method. Foreign currency transactions Monetary asset5 aThd liabilities in foreiBn turrenties are translated into sterling at thè rates of exchange ruling at the balance sheet date. TranSaCtnS in foreign currencie5 are translated into sterling at the rates of exchange rulin8 at the date of the transaction. Exchan8e dillerences are considered in arrivin8 at the operatin8 profil. 151Page
Worfd Federation of SO¢Iles of Amaesthewlogi%ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 Notes to Financial Statements (continued) INCOME FROM OONATIONS AND LEGACIES Total UnrÈstrftted RestYktÈd 2023 Fuhds Funds TotAI Fuhds Funds 2022 Donatlon: General Sponsorshlp lex. Johnson & Johnson re Ob5retrKS Anaesthesla Round tat4el 3.7 3,7 1.261 1,261 Fellowships 11,273 11,273 Sale Ambesihela PalestIneAnaeSthla Triinini Mission IPATMI 12 1.2 L.200 VAST Unlled lor Oiygen IUFOI 55 ss Glft in Klnd IGo¥ernantel Tot41 3.017 6.701 9.7 1.261 12,528 13.789 INCOME FROM OONATIONS AND LIGACIIS u%1rktd R•strkt¢d Fvhds Fwhds Tat•l Mstlrt•d R•strfctd Fynds Fyrt4s 2022 Contwxl v4Rh.. Masimo- 5aleAnae5thesia 19,095 19,095 Fr*sÈnlus Kabl-Anèesthesi• InDOVatlon Awards 63.625 63.625 The Tropital Hèalth EdLKat10nTrust ITHETI ¥199 32,199 Vwor YJ.616 39h16 - kviD8 Mother at delivery (Somaliland & Myanmar) 9,000 T•t•l 71109 72,1(VJ 91.720 91.720 161Page
Worfd Federation of Socielies of kna&$tho9L%ts {UKI Annual Report and Financi81 Stgt8m8nts Year ended 31 December 2023 COST OF GENERATING FUNDS Txal Unre5trirted Rethrted iozj FuDd5 Funds Totsl 202Z Fund5 Online platform protIng fees IZ9 212 341 129 212 341 CHARITABLE ACTIVITIESCOSTS Fvnds Fynd5 F5 Funds 2022 Fund a Colleaiue tdutatlon 67 67 28.LN)2 28.002 PalestineAnaesthe5Iè TralrtlhK M15$1on IPATMI i.ODD M•simo->l¢ A¢S¢hS 19,092 19,092 Fresenlu5 28,273 28Jn 31,952 32,952 THET-Sèvin8 Mothw$ li 9.000 Myanmar) 31.122 31222 Llberlln Dottor Unlttd l¢r Oxy8en IUFOI WCA Schola Sundrysupwrt tost- saft8u¥rdin8 membetships and bank char8È5 Goverhante costs 5.323 5.323 1.500 5225 89,6>J 94W5 823 90,051 96,874 To advance its purpose. the charitysupported projeas during rhe year las descnbed more fully in the Trustees. Reportl by making payments ro its partner organisaiien. World Federation ol Soueiies of Anaesthesiologisrs IWF5AI as des£ribed In nore 14. 171Page
Worfd Federation of Socielies of kna&$thO9ists {UKI Annual Report and Financi81 Stgt8m8nts Year ended 31 December 2023 GOVERNANCE COSTS Totsl 2022 FuwJ5 202J Fund5 FuDd5 In kjnd 8overnaKe support Independent examinerfslEes 1.620 i.SDD C¢mFanles Haysefees 1.500 7. DEBTORS 2023 2022 Trade Debtors 13Z,423 36.079 Other debtors (rent deposltl 475 2,475 kcNed income adjustment 2,878 134.898 41.432 CREDITORS 2023 2022 Amount falling due within one year: cruals and deferd Income 121,980 121,980 181Page
Worfd Federation of SO¢Iles of AmaeStheS¥Og1$ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 ANALYSIS OF NET ASSETS BETWEE N FUNDS Re5trirted FuDd5 Totsl FuThts zoz3 Fund5 BalaTh asof 31 DeL 1013 are r+pr*sèhtsd b¥.. Curr¢ntA55•ts 40.417 194 175.325 I1,9$0) T4)to1 NÈtA&%èts 111,5531 la4m8 53.345 Unrestricted Restiirted hds 2022 Fubth Balanced 4s9131 D¢¢ 21 a cUtr•niA•ls 16.238 41.432 57.670 Cuffent Uabllftl•s 11.5th)1 Tlxal N¢t Ass•ts 14.7)8 41A32 56.170 10. NET INCOME IEXPENorruREI Net Incomelexpenditure Is stated after char8in8'. 2022 Independent examine¢s fees Current year-accounrs preparation Current year-IndependeTht examinatlon 1,020 Under provlslon for previous year 11. EMPLOYMENT COSTS Key management personnel are ihe trustee5 and secretary of the charity. The charity does not employ any staff. The trustees along with the secretary and WFSA staff take part in the day to dav running and rnanagement of the charity. The secretary of WFSA IUKI also act as Chief Executive Officer ICEOI of WFSA, WFSA currentlv provides staft and admin support to WFSA IUKI. The is no charBe for this as it is believed to be minimal however this will be reviewed annually. 191Page
Worfd Federation of SO¢Iles of AmaeStheS¥Og1$ts IUKI Annual Report and Financi81 Sts18m8nts Year ended 31 December 2023 12. TRUSTEES EXPENSES The trustees were not paid or received èny other benefits from employment with the charity in the year12022.. £Nill. No trustee recewed payment for professional or their services supplied to the charity12022.. £Nill. No trustee received payment or reimbursement of travel and sub515tence cost incurred by them relatingto attendance at meeting5 of the trustees. 13. LEASE COMMITMENTS In November 2018 Ihe charitable company entered a lease on an office in Horseferry Road London. The lease was renewed for another two year5 Irorn 29 September 2022. The rent due under the lease is £9,0(KJ per annum and US charity WFSA has indemnified WFSA-UK in respect of the rent payments and commitments under the lease. 14. RELATED PARTIES ANDTRANSACTIOMS WFSA IUKI is related to the World Federation of Societie5 of Anae5the5iologi5t IWFSAI. based at Deans Bradley House, 52 Hor5eferry Road London SWI 2AF. a registered firm in the US Iregi5tration number EIN13-32111281 and the Dutch Chamber of Commerce (registration number 343189141 wilh the same objects as WFSA IUKI. WFSA IUKI has an independent Board of Trustees to WFSA, its US based partner non-profit organisaiion. As requi by its constilution, WFSA IUKI has three common trusiees. Meetings and business ol both organisations are conducied separatety, and decisions are taken by the trustee5 of WFSA IUKI 50 as not to be detrimental to the interest ol WFSA IUKI. A written collaboration agreernent 15 in place, WFSA staff and trustees are aware of liabilities and responsibilities lor delivering the projects specified by WFSA IUKI trustees and grant funders. (Registration number 343189141 with the same objects as WFSA IUKI. Durin8 the year ended 31 December 2023, the WFSA IUKI made the followin8 payments to the WFSA for.. SAFE Anaesthesia £ 012022 £ 19.0921 Fellowship5 £ 012022 £ 28.0021 Palestine An8esthesia Training Mission IPATMI £ 012021 E I.COJI THET £ 14,468 Fresenius £ 28.267 Liberian Doctor £ 8.lJTr) Vilor £ 38.822 The trustee Prof. Adrian Gelb is a consultant to Masimo Inc. a company which contracted World Federation of Societiesof Anaesthesiologi5t IUKI todeliverthe Safe Anaesthesia project. In his position as consultant. he is unable to influence the decision of Masimo Inc regarding the awarding of contrarts. During the year ended 31 December 2023, the WFSA IUKI r1Ved ihe following donations (net in leesl.. Treasurer. Andrew Hartle £ 12412022 £1241 20IPage
Worfd Federation of Socielies of kna&$tho9L%ts {UKI Annual Report and Financi81 Stgt8m8nts Year ended 31 December 2023 15. MOVEMENT IN FUNDS 2023 OUOII2023 I[me EXpetsdure Transfer 3111212023 Fund a Colleague educarion IFACEI-formerlyfÈllowshlp* 14.741) PalestineAnaesthesl Training Mission IPATMI L188 12(X) 2,388 SAFE Anaesihes53 IM3simDI 475 475 Freseniu5 Kabi-Anaesihe5ia Innovation Awèrds 30.673 294 128,2731 128,2671 Anaesthe51a InnovètiL Avdards ILibeTian OoctDf51 Unlted lor Oxy8en IUFOI Savln8 Mothers at Dellvery Isomaliland & MyanmarF THET 11.251 18,rmi 18,IWI 3,251 13.1 32.199 (14.4681 IL4.4681 30,732 VNST 39.616 138.8221 13B,8221 51.940 189.630) 189.9571 41.110 Unrestrkled Geheral fvnds 3,283 3m7 15.2251 7,317 General lunds a¢lus¢ed 56.170 81m6 (94A551 51,345 0110111012 IMLwne EwThlhure TraMfer >III212022 Restikned Fund5 Fund a Colleague Edutation IFACEI-lormertyfelloY4ships 11.986 11273 128.fy)21 14,7431 PalestineAnae5thesia Tralnlng Mlsslon IPATMI 1,2LKI ILL> 1,188 SAFE Anae5thEsi¥ 472 19mS 119.(821 475 Fresenlus Kabl-Anaesthesia Innovarion Award5 63,625 132.9521 30,673 Anaesthe5ia Innovation Award5 IL251 11,251 United foroxygen IUFO} ss {51 211Page
Worfd Federation of Socielies of kna&$thO9ists {UKI Annual Report and Financi81 Stgt8m8nts Year ended 31 December 2023 saving Mothers ai Delivery Isomdliland & Myènmarl 13,lYXI 13.LKK> 37.955 1fy1248 511 11121 51.940 Unrestricted Fw General fund5 General fund5 adjusted 8.845 1261 16.8231 3.283 735 212 947 iOS.509 196.la91 56.170 15. MOVEMENT IN FUNDS ICONTINUEDI Purposes of Restricted funds: Fund a Colleague's Educatlon IFACEI WFSA IUKI offers fellowships and grants for young anaesthesiolo8lsts and dellvers trainlng courses to strengthen the global capacity lor safe anaesthesia and pain management. WFSA IUKI works with its partner orgznisation. WFSA. on the following.. Safe Anaesthesiz Project Asse$5 and strengthen anaesthesia capacity in the state of Telangana, India to scale up anaesthesia prowsion at the national level. Anaesthesla Innovatlon Award Identify and support the development ol innovation that havè the potèntial to transform the field of anae5thesia and impro¥e patient safely worldwide. Unlted For Oxygen IuFO} Providing medical equipment to aid hospitals in Nigeria, Zimbabwe, etc. THET Isomallland & Myanmar) To improve access to the quality of maternal healthtare. wilh the support of Johnson and Johnson. Saving Moihers ai Delivery. Vlfor Support for phase 2 for a Global Patient Blood Management IPBMI training 221Page