CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01 April 2023 To 31 March 2024 Charity name: The Foundation For Palliative Care Education Charity registration number: 1174758 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 The Foundation for Palliative Care Education (PACED) aims to improve the quality of palliative care and make it available in the countries where it is underdeveloped,with a primary focus on Central Asia, Caucasus, Eastern Europe. The Baltic countries are also in our focus. Our objectives are.. (a) the provision of systematic support to professionals and enthusiasts in the field of end-of-life and palliative care,. and (b) the facilitation of better access to quality education and methods of integration for palliative carers. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 PACED activities reflect its five strategic objectives for 2021-2024, which are to: 1. Support the professional development of health and care workers to develop their knowledge, attitudes and skills in providing palliative care. 2. Help raise standards of palliative care teaching in undergraduate andlor postgraduate andlor specialist settings. 3. Support targeted palliative care initiatives in focus countries (Central Asia, Caucasus, Eastern Europe and the Baltic region). 4. Encourage and support cooperation and joint learning between countries in Central Asia, Caucasus, Eastern Europe and the Baltic region. 5. Build PACED organisational infrastructure and systems, and develop its visibility and reputation on national. regional and global stages.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 The charity Trustees confirm that.. they are aware of the guidance they have taken it into account when making a decision to which the guidance is relevant if they have decided to depart from the guidance, they have a good reason for doing so (not applicable in year under review) Additional information (optional) You ma choose to include further statements where relevant about.. SORP reference Rules and procedures of PACED professional grants program Policy on grant making Para 1.38 Not Applicable Policy on social investment including program related investment Para 1.38 Not Applicable Contribution made by volunteers Para 1.38 The following policies and codes have been approved in PACED: Internal charity financial controls policy and procedures Safeguarding policy and procedures Internal risk management policy and procedures Trustee expenses policy and procedures Trustee conflicts of interest policy and procedures Trustee code of conduct Anti-harassment and bullying policy Complaints Policy and Procedures Social media policy Other
Achievements and Performance SORP reference In the reporting period, PACED further developed and strengthened its professional platform for palliative care professionals PACED Network in Telegram previously known as Knowledge Hub. The total number of participants in this Telegram channel is over 60 leaders from 8 countries, all of whom are professionals and opinion leaders in the field of palliative care. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 In the reporting period, PACED prepared and held 11 webinars for professionals in palliative care attended in real time mode by 283 participants from more than 30 countries. The vast majority of the participants were from countries of the PACED presence. The webinars were published on PACED YouTube channels and collected over 1,250 views. In the reporting period PACED issued 27 video and text publications in two languages (English as well as Russian which is a working language for many palliative care professionals from the countries of PACED presence). These publications include 10 news digests covering scientific and practical aspects of palliative care provision. In January 2024 PACED launched its professional mobility grants program for palliative care professionals. This initiative supports professionals in expanding their expertise through participation in global conferences and workshops, covering expenses like travel. accommodation, and registration. There were received 32 applications from eight countries. Of these, 24 applications were deemed eligible, demonstrating the high caliber of submissions and the broad interest across the region. The results of the competition were announced in March 2024, and one person (representative of Kazakhstan) was selected as the winner, who will attend the 6th Maruzza International Congress on Paediatric Palliative Care in October 2024 in Rome, Italy.
Additional information (optional) You ma choose to include further statements where relevant about: Not Applicable Achievements against objectives set Para 1.41 Not Applicable Performance of fundraising activities against objectives set Para 1.41 Not Applicable Investment performance against objectives Para 1.41 Not Applicable Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 Income for the year ended 31 March 2024 totalled £26,104.30 which represented a more than four times increase as opposed to the previous year. Expenditures for the year ended 31 March 2024 totalled £23.846.38 Most of the expenditure for the financial year was on subcontractors involved in implementation of programme activities. All donations received for the year were unrestricted and have been classified as such. Statement explaining the policy for holding reserves stating why they are held Para 1.22 Reserves are only held in so far as funds not spent during the year are carried forward to the next financial year to be used towards the goals of the organisation and its programmes. Amount of reserves held Para 1.22 The funds carried forward of £1,566.92 are placed in reserves and will be used as needed per the previous paragraph.
Reasons for holding zero reserves Para 1.22 nla Details of fund materially in deficit Para 1.24 nla Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 As with most charities, we are dependant on donations and would not be able to continue operations should donations not be received. We are doing our best to increase the financial sustainability of PACED. Additional information (optional) You ma choose to include further statements where relevant about: All income was received via donations from corporate and individual donors. The charity's principal sources of funds (including any fundraising) Para 1.47 nla Investment policy and objectives including any social investment policy adopted Para 1.46 nla A description of the principal risks facing the charity Para 1.46 Other nla Structure, Governance and Management Description of charity's trusts: Type of governing document (trust deed, royal charter) Para 1.25 Constitution of the Foundation for Palliative Care Education (PACED) dated 15 February 2017. How is the charity constituted? (e.g unincorporated association, CIO) Para 1.25 PACED is constituted as a Charitable Incorporated Organisation (CIO). Trustee selection methods including details of any constitutional provisions e.g. election to post or name of Para 1.25 According to PACED Constitution the method is as follows: "Apart from the first charity trustees, every trustee must be appointed by a
any person or body entitled to appoint one or more trustees resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO" Additional information (optional) You ma choose to include further statements where relevant about: Internal charity financial controls policy and procedures Safeguarding policy and procedures Internal risk management policy and procedures Trustee expenses policy and procedures Trustee conflicts of interest policy and procedures Trustee code of conduct Anti-harassment and bullying policy Complaints Policy and Procedures Social media policy Policies and procedures adopted for the induction and training of trustees Para 1.51 No comment The charity's organisational structure and any wider network with which the charity works Para 1.51 No comment Relationship with any related parties Para 1.51 No comment Other Reference and Administrative details Charity name The Foundation for Palliative Care Education Other name the charity uses Registered charity number PACED 1174758 Charity's principal address Flat 5, 37 Cadogan Square, London. SW1 X OHU
Names of the charity trustees who manage the charity Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any) Mr Dmitry Yampolskiy Whole year Ms Anna Federmesser Whole year 10 11 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Director name ortwasa roved nla
Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole year nla Funds held as custodian trustees on behalf of others Description of the assets Not Applicable held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Not Applicable Details of arrangements for safe custody and segregation of such assets from the charity's own assets Not Applicable Additlonal information (optional) Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)
Dmitry Yampolskiy, Chair Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Not Applicable Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Dmitry Yampolskiy Anna Federmesser Chair Trustee Position (eg Secretary, Chair. etc) Date 10 October 2024
Docusign Envelope ID.. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 Charity reglstration number 1174758 The Foundation for Palliative Care Education Annual Report And Unaudited Financial Statements For The Year Ended 31 March 2024
Docusign Envelope 10.. 1 DFD25tX).OF81472D.ABAO_32DDD34DC5E2 The Foundation for Palliative Care Education Legal And Administrative Information Trustees Mr Dmitry Yampolskiy Ms Anna Federmesser Charity number 1174758 Principal address Flat 5 37 Cadogan Square London SW1X OHU Independent examiner Loucas The Carriage House Mill Slreel Maidslone Kent ME15 6YE Bankers Barclays Bank UK PLC 1 Churchill Place London E14 5HP
Docusign Envelope10'. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Contents Page Tru5tees' report Independent examinerfs report Stalemenl of financial activities Balance sheet Notes to the financial statements 7-10
Docusign Envelope ID.. 1DF025DO-OF81472D-ABAO-32DDD340C5E2 The Foundation for Palliative Care Education Trustees, Report For The Year Ended 31 March 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial slatemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {effective 1 January 2019). Objectives. activities and publi¢ benefit The Foundation for Palliative Care Education (PACED) aims to improve the quality of palliative care and make it available in the countries where it is underdeveloped, with a primary focus on Central Asia. Caucasus and Eastem Europe including the Ballic countries. Our objectives are.. (a) the provision of systematic support to professionals and enthusiasts in Ihe field of end-of-life and pallialive care. and (bl the facilitation of better access to quality education and methods of integration for pallialive carers The charity Trustees confirm that.. 1. They are aware of the guidance 2. They have taken il into account when making a decision lo which the guidance is relevant 3. If they have decided to depart from the guidance, they have a good reason for doing so (not applicable in year under review) Aclivitl8S PACED activities reflect its five strategic objectives for 2021-2024, which are to.. 1. Support the professional development of health and care workers to develop their knowledge, attitudes and skills in providing palliative care 2. Help raise standards of palliative care teaching in undergraduale, postgraduate and specialist settings 3. Support targeted palliative care inilialives in focus countries (Central Asia, Caucasus. Eastern Europe and the Baltic region} 4. Encourage and support cooperation and joint learning between countries in Central Asia, Caucasus, Eastem Europe and the Baltic region. 5. Build PACED organisational infrastructure and systems, and develop its visibility and reputation on national. regional and global stages. Achievements and performance SignifiGant activities and achievements againsl objectives 1. In the reporting period, PACED further developed and strengthened its professional platform for palliative care professionals - PACED Network in Telegram previously known as Knowledge Hub. The lolal number of participants in this Telegram channel is over 60 leaders from 8 countries, all of whom are professionals and opinion leaders in the field of palliative care. 2. In the reporting period. PACED prepared and held 11 webinars for professionals in palliative care attended in real time mode by 283 participants from more than 30 countries. The vast majority of the participants were from countries of the PACED presence. The webinars were published on PACED YouTube channels and collected over 1,250 views. 3. In the reporting period PACED issued 27 video and text publicalions in two languages (English as well as Russian which is a working language for many palliative care professionals from the countries of PACED presence). These publications include 10 news diges15 covering scientific and practical aspects of palliative care provision. 4. In January 2024 PACED launched ils professional mobility grants programme for palliative care professionals. This initiative supports professionals in expanding their expertise through participalion in global conferences and workshops. covering expenses like travel, accommodation, and registration. There were 32 applications received from eight countries. Of these, 24 applications were deemed eligible. demonstrating the high caliber of submissions and the broad interesl across the region. The results of the competition were announced in March 2024, and one person (representative of Kazakhstan) was selected a5 the winner. who will attend the 6th Maruzza International Congress on Paedialric Palliative Care in Oclober 2024 in Rome. Italy. Page 1
Docusign Envelope ID.. 1 DFD2500-OF81472D-A8AO-32DDD34DC5E2 The Foundation for Palliative Care Education Trustees, Report (Continued) For The Year Ended 31 March 2024 Financial review Income for the year ended 31 March 2024 totaled £26,104.30 which represented a more than four limes increase as opposed to the previous year. Expenditures for the year ended 31 March 2024 totalled £23,846.38. Most of the expenditure for the financial year was on consultants involved in implementation of programme activities. All donations received for Ihe year were unrestrided and have been classified as such. Going concem As with most charities, we are dependent on donations and would nol be able to continue operations should donations not be received. We do not think this will happen in the near future. We are doing our best to increase the financial sustainabilily of PACED. Resejves policy Reserves are only held in so far as funds not spent during the year are carried forward to the next financial year to be used towards the goals of the organisation and ils programmes. The funds carried foNard of £1,566.92 are placed in resetves and will be used as needed per the previous paragraph. Principal funding sources All income was received via donations (corporate and individual donors). We have established an internal fundraising committee lo systemise our fundraising efforts. As a result, we have pipeline of potential donors in some countries of our presence (Central Asia, Caucasus, Eastern Europe, Baltic stales) who might want to support specific PACED initiatives in their country or region. Besides this, we are actively applying for relevant grants and expect to start Seeing positive results in the next few months. Also, we continue our fundraising meetings with our Trustees on a regular basis. .We have streamlined and strengthened our activities on our social media (Facebook, Linkedln. YouTube, Instagram} to raise the general awareness of PACED which is an inherent part of fundraising. Our confirmed commitments from donors for the next financial year are around £40,000 now, and the ideal largel budget for the next financial year is £140.000. Page 2
Docusign Envelope10.' 1 DFD25DO-OF81472D-ABAO-32DDD34DG5E2 The Foundation for Palliative Care Education Trustees, Report (Continued) For The Year Ended 31 March 2024 Structure, governance and management PACED is conslituled as a Charitable Incorporated Organisation (CIO). The Constitution of the Foundation for Palliative Care Education (PACED) is daled 15 February 2017. The trustees who served during the year and up to the date of signalure of the financial statements were.. Mr Dmilry Yampolskiy Ms Anna Federmesser Recruitment and appointmenl of twstees According to PACED Conslitution the method is as follows-. "Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charily trustees, the charity trustees must have regard lo the skills, knowledge and experience needed for the effective administration of the CIO" Othermatters The following policies and codes have been approved in PACED.. Internal charity financial controls policy and procedures Safeguarding policy and procedures Internal risk management policy and procedures Trustee expenses policy and procedures Trustee conflicts of interest policy and procedures - Trustee code of conduct Anli-harassment and bullying policy Complaints Policy and procedures Soci81 media policy The trustees, report was approved by Ihe Board of Trustees. Mr Dmilry Yampolskiy Chair Ms Anna Federmesser Trustee 10 October 2024 Page 3
Docusign Envelope 10.. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Independent Examiner's Report To The Trustees Of The Foundation for Palliative Care Education report to the trustees on my examination of the financial statements of The Foundation for Palliative Care Education (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Acl 2011 (Ihe 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's statement Your attention is drawn lo the fact thal the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulalions but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting period5 beginning on or after 1 January 2015. I have completed my examination. I confirm Ihal no mallers have come to my attention in connection with the examination giving me cause to believe Ihal in any material fespecl.. accounting records were not kept in respect of the charity as required by seclion 130 of the 2011 Act- or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 in order to enable a proper understanding of the financtal statements to be reached. Athos Louca. FCCA, ICPAC (Senior Statutory Auditor) for and on behalf of Loucas The Carriage House Mill Street Maidslone Kent ME15 6YE Dated.. 10 October 2024 Page 4
Docusign Envelope ID.. 1 DFD25DO-OF81472D-ABAO-320D034DC5E2 The Foundation for Palliative Care Education Statement Of Financial Activities Including Income And Expenditure Account For The Year Ended 31 March 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and legacies 26,104 6,075 Expenditure on.. Charitable activities 23,846 35,722 Total charitable expenditure 23.846 35,722 Net incomel{expenditure) and movement in funds 2,258 (29,647) Reconciliation of funds: Fund balances at 1 Apfil 2023 {691) 28,956 Fund balances at 31 March 2024 1.567 (691) The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. Page 5
tk)cu5ign Envelope ID.. 1DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Balance Sheet As At 31 March 2024 2024 2023 Notes Current assets Cash at bank and in hand 2,449 149 Creditors: amounts falling due wlthln one year 882 840 Net current assetsl(liabilitiesl 1,567 (691) The funds of the charity Unrestricted funds 1,567 (691) 1.567 (691) The financial statements were approved by the trustees on 10 October 2024 Mr Dmitry Yampolskiy Chair Ms Anna Federmesser Trustee Page 6
Docusign Envelop& ID.. 1DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements For The Year Ended 31 March 2024 Accounting policies Charity informatlon The Foundation for Palliative Care Education is a Charitable Incorporated Organisation and is a registered charity no 1174758 1.1 Accountlng convention The financial statements have been prepared in accordance with the charity's constilution, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 Janu8ry 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 ralher than the version of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial slatements are rounded to the nearest £. The financial slalemenls have been prepared under the historical cost convenlion. The principal accounting policies adopled are set out below. 1.2 Golng concern Al the time of approving the financial statements, Ihe trustees have a reasonable expectation that the charity has adequate resources to conlinue in operational existence for the foreseeable future. Thus the trustees continue lo adopt Ihe going concern basis of accounting in preparing Ihe financial slatements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific Conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been met, Ihe amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenanl is recognised at the lime of the donation. Legacies are recognised ori receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipl is expected. If the amount is not known, the legacy is treated as a conlingent asset. Page 7
Docusign Envelope ID.. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements (Continued) For The Year Ended 31 March 2024 A¢¢ounting policies (Continued) 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit io a Ihird party, it is probable that a transfer of economic benefits will be required in settlement, and the amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared cosls, including support costs involved in undertaking each activity. Direct costs attribulable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spenl, and depreciation charges are allocaled on the portion of the asset's use. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Bas1¢ financial assets Basic financial assets, which include debtors and cash and bank balances, are inilially measured at transaction price including transaction cosls and are subsequently carried al amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one year or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at Iransaclion price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilitlos Financial liabilities are derecognised when the charity's contradual obligalions expire or are discharged or cancelled. Critical accounting estimates and judgements In the applicalion of the charity's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources. The eslimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Page 8
Docuslgn Envelope ID.. 1 DFD25DO-OF81472D-ABAO-32DD034DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements (Continued) For The Year Ended 31 March 2024 Income from donations and legacles Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 26,104 6,075 Expenditure on charitable activities Charitable Charitable Expenditure Expenditure 2024 2023 Direct costs Conference Expenses NeIorkIng Travel and Subsistence Accounting and Examiners Fees Bank charges Computer and Internet Software Legal and Professional IT services Training Membership Consultancy Fees Website costs 209 1,161 312 1,310 421 116 120 148 906 135 87 90 850 72 139 74 33,012 228 120 19,854 204 23,846 35,722 Analysis by fund Unrestricted funds 23,846 35,722 Net movement in funds 2024 2023 The nel movement in funds is stated after chargingl(crediling)'. Fees payable to Ihe charity's independent examiner.. for other financial servi$ 882 840 Independant Exarniner's Remuneration Fees payable lo the Independanl Examiner 2024 2023 For other services Independant Examination 882 840 Page 9
Docusign Envelope ID.. 1 DFD2500-OF814720-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements (Continued) For The Year Ended 31 March 2024 Trustees None of the Iruslees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Taxation The charity is exempl from taxation on its activities because all its income is applied for charitable purposes. Credltors: amounts falling due within one year 2024 2023 Accruals and deferred income 882 840 10 Unrestricted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Irustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 1691) 26,104 (23,846) 1,567 Prevlous year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 General funds 28,956 6,075 (35,722) (691) 11 Related party transactions There were no disclosable related party Iransaclions during the year (2023 - none). Page 10
Docusign Envelope ID.. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 Charity reglstration number 1174758 The Foundation for Palliative Care Education Annual Report And Unaudited Financial Statements For The Year Ended 31 March 2024
Docusign Envelope 10.. 1 DFD25tX).OF81472D.ABAO_32DDD34DC5E2 The Foundation for Palliative Care Education Legal And Administrative Information Trustees Mr Dmitry Yampolskiy Ms Anna Federmesser Charity number 1174758 Principal address Flat 5 37 Cadogan Square London SW1X OHU Independent examiner Loucas The Carriage House Mill Slreel Maidslone Kent ME15 6YE Bankers Barclays Bank UK PLC 1 Churchill Place London E14 5HP
Docusign Envelope10'. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Contents Page Tru5tees' report Independent examinerfs report Stalemenl of financial activities Balance sheet Notes to the financial statements 7-10
Docusign Envelope ID.. 1DF025DO-OF81472D-ABAO-32DDD340C5E2 The Foundation for Palliative Care Education Trustees, Report For The Year Ended 31 March 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial slatemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {effective 1 January 2019). Objectives. activities and publi¢ benefit The Foundation for Palliative Care Education (PACED) aims to improve the quality of palliative care and make it available in the countries where it is underdeveloped, with a primary focus on Central Asia. Caucasus and Eastem Europe including the Ballic countries. Our objectives are.. (a) the provision of systematic support to professionals and enthusiasts in Ihe field of end-of-life and pallialive care. and (bl the facilitation of better access to quality education and methods of integration for pallialive carers The charity Trustees confirm that.. 1. They are aware of the guidance 2. They have taken il into account when making a decision lo which the guidance is relevant 3. If they have decided to depart from the guidance, they have a good reason for doing so (not applicable in year under review) Aclivitl8S PACED activities reflect its five strategic objectives for 2021-2024, which are to.. 1. Support the professional development of health and care workers to develop their knowledge, attitudes and skills in providing palliative care 2. Help raise standards of palliative care teaching in undergraduale, postgraduate and specialist settings 3. Support targeted palliative care inilialives in focus countries (Central Asia, Caucasus. Eastern Europe and the Baltic region} 4. Encourage and support cooperation and joint learning between countries in Central Asia, Caucasus, Eastem Europe and the Baltic region. 5. Build PACED organisational infrastructure and systems, and develop its visibility and reputation on national. regional and global stages. Achievements and performance SignifiGant activities and achievements againsl objectives 1. In the reporting period, PACED further developed and strengthened its professional platform for palliative care professionals - PACED Network in Telegram previously known as Knowledge Hub. The lolal number of participants in this Telegram channel is over 60 leaders from 8 countries, all of whom are professionals and opinion leaders in the field of palliative care. 2. In the reporting period. PACED prepared and held 11 webinars for professionals in palliative care attended in real time mode by 283 participants from more than 30 countries. The vast majority of the participants were from countries of the PACED presence. The webinars were published on PACED YouTube channels and collected over 1,250 views. 3. In the reporting period PACED issued 27 video and text publicalions in two languages (English as well as Russian which is a working language for many palliative care professionals from the countries of PACED presence). These publications include 10 news diges15 covering scientific and practical aspects of palliative care provision. 4. In January 2024 PACED launched ils professional mobility grants programme for palliative care professionals. This initiative supports professionals in expanding their expertise through participalion in global conferences and workshops. covering expenses like travel, accommodation, and registration. There were 32 applications received from eight countries. Of these, 24 applications were deemed eligible. demonstrating the high caliber of submissions and the broad interesl across the region. The results of the competition were announced in March 2024, and one person (representative of Kazakhstan) was selected a5 the winner. who will attend the 6th Maruzza International Congress on Paedialric Palliative Care in Oclober 2024 in Rome. Italy. Page 1
Docusign Envelope ID.. 1 DFD2500-OF81472D-A8AO-32DDD34DC5E2 The Foundation for Palliative Care Education Trustees, Report (Continued) For The Year Ended 31 March 2024 Financial review Income for the year ended 31 March 2024 totaled £26,104.30 which represented a more than four limes increase as opposed to the previous year. Expenditures for the year ended 31 March 2024 totalled £23,846.38. Most of the expenditure for the financial year was on consultants involved in implementation of programme activities. All donations received for Ihe year were unrestrided and have been classified as such. Going concem As with most charities, we are dependent on donations and would nol be able to continue operations should donations not be received. We do not think this will happen in the near future. We are doing our best to increase the financial sustainabilily of PACED. Resejves policy Reserves are only held in so far as funds not spent during the year are carried forward to the next financial year to be used towards the goals of the organisation and ils programmes. The funds carried foNard of £1,566.92 are placed in resetves and will be used as needed per the previous paragraph. Principal funding sources All income was received via donations (corporate and individual donors). We have established an internal fundraising committee lo systemise our fundraising efforts. As a result, we have pipeline of potential donors in some countries of our presence (Central Asia, Caucasus, Eastern Europe, Baltic stales) who might want to support specific PACED initiatives in their country or region. Besides this, we are actively applying for relevant grants and expect to start Seeing positive results in the next few months. Also, we continue our fundraising meetings with our Trustees on a regular basis. .We have streamlined and strengthened our activities on our social media (Facebook, Linkedln. YouTube, Instagram} to raise the general awareness of PACED which is an inherent part of fundraising. Our confirmed commitments from donors for the next financial year are around £40,000 now, and the ideal largel budget for the next financial year is £140.000. Page 2
Docusign Envelope10.' 1 DFD25DO-OF81472D-ABAO-32DDD34DG5E2 The Foundation for Palliative Care Education Trustees, Report (Continued) For The Year Ended 31 March 2024 Structure, governance and management PACED is conslituled as a Charitable Incorporated Organisation (CIO). The Constitution of the Foundation for Palliative Care Education (PACED) is daled 15 February 2017. The trustees who served during the year and up to the date of signalure of the financial statements were.. Mr Dmilry Yampolskiy Ms Anna Federmesser Recruitment and appointmenl of twstees According to PACED Conslitution the method is as follows-. "Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charily trustees, the charity trustees must have regard lo the skills, knowledge and experience needed for the effective administration of the CIO" Othermatters The following policies and codes have been approved in PACED.. Internal charity financial controls policy and procedures Safeguarding policy and procedures Internal risk management policy and procedures Trustee expenses policy and procedures Trustee conflicts of interest policy and procedures - Trustee code of conduct Anli-harassment and bullying policy Complaints Policy and procedures Soci81 media policy The trustees, report was approved by Ihe Board of Trustees. Mr Dmilry Yampolskiy Chair Ms Anna Federmesser Trustee 10 October 2024 Page 3
Docusign Envelope 10.. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Independent Examiner's Report To The Trustees Of The Foundation for Palliative Care Education report to the trustees on my examination of the financial statements of The Foundation for Palliative Care Education (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Acl 2011 (Ihe 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's statement Your attention is drawn lo the fact thal the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulalions but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting period5 beginning on or after 1 January 2015. I have completed my examination. I confirm Ihal no mallers have come to my attention in connection with the examination giving me cause to believe Ihal in any material fespecl.. accounting records were not kept in respect of the charity as required by seclion 130 of the 2011 Act- or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 in order to enable a proper understanding of the financtal statements to be reached. Athos Louca. FCCA, ICPAC (Senior Statutory Auditor) for and on behalf of Loucas The Carriage House Mill Street Maidslone Kent ME15 6YE Dated.. 10 October 2024 Page 4
Docusign Envelope ID.. 1 DFD25DO-OF81472D-ABAO-320D034DC5E2 The Foundation for Palliative Care Education Statement Of Financial Activities Including Income And Expenditure Account For The Year Ended 31 March 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and legacies 26,104 6,075 Expenditure on.. Charitable activities 23,846 35,722 Total charitable expenditure 23.846 35,722 Net incomel{expenditure) and movement in funds 2,258 (29,647) Reconciliation of funds: Fund balances at 1 Apfil 2023 {691) 28,956 Fund balances at 31 March 2024 1.567 (691) The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. Page 5
tk)cu5ign Envelope ID.. 1DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Balance Sheet As At 31 March 2024 2024 2023 Notes Current assets Cash at bank and in hand 2,449 149 Creditors: amounts falling due wlthln one year 882 840 Net current assetsl(liabilitiesl 1,567 (691) The funds of the charity Unrestricted funds 1,567 (691) 1.567 (691) The financial statements were approved by the trustees on 10 October 2024 Mr Dmitry Yampolskiy Chair Ms Anna Federmesser Trustee Page 6
Docusign Envelop& ID.. 1DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements For The Year Ended 31 March 2024 Accounting policies Charity informatlon The Foundation for Palliative Care Education is a Charitable Incorporated Organisation and is a registered charity no 1174758 1.1 Accountlng convention The financial statements have been prepared in accordance with the charity's constilution, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 Janu8ry 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 ralher than the version of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial slatements are rounded to the nearest £. The financial slalemenls have been prepared under the historical cost convenlion. The principal accounting policies adopled are set out below. 1.2 Golng concern Al the time of approving the financial statements, Ihe trustees have a reasonable expectation that the charity has adequate resources to conlinue in operational existence for the foreseeable future. Thus the trustees continue lo adopt Ihe going concern basis of accounting in preparing Ihe financial slatements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific Conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been met, Ihe amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenanl is recognised at the lime of the donation. Legacies are recognised ori receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipl is expected. If the amount is not known, the legacy is treated as a conlingent asset. Page 7
Docusign Envelope ID.. 1 DFD25DO-OF81472D-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements (Continued) For The Year Ended 31 March 2024 A¢¢ounting policies (Continued) 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit io a Ihird party, it is probable that a transfer of economic benefits will be required in settlement, and the amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared cosls, including support costs involved in undertaking each activity. Direct costs attribulable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spenl, and depreciation charges are allocaled on the portion of the asset's use. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Bas1¢ financial assets Basic financial assets, which include debtors and cash and bank balances, are inilially measured at transaction price including transaction cosls and are subsequently carried al amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one year or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at Iransaclion price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilitlos Financial liabilities are derecognised when the charity's contradual obligalions expire or are discharged or cancelled. Critical accounting estimates and judgements In the applicalion of the charity's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other sources. The eslimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Page 8
Docuslgn Envelope ID.. 1 DFD25DO-OF81472D-ABAO-32DD034DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements (Continued) For The Year Ended 31 March 2024 Income from donations and legacles Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 26,104 6,075 Expenditure on charitable activities Charitable Charitable Expenditure Expenditure 2024 2023 Direct costs Conference Expenses NeIorkIng Travel and Subsistence Accounting and Examiners Fees Bank charges Computer and Internet Software Legal and Professional IT services Training Membership Consultancy Fees Website costs 209 1,161 312 1,310 421 116 120 148 906 135 87 90 850 72 139 74 33,012 228 120 19,854 204 23,846 35,722 Analysis by fund Unrestricted funds 23,846 35,722 Net movement in funds 2024 2023 The nel movement in funds is stated after chargingl(crediling)'. Fees payable to Ihe charity's independent examiner.. for other financial servi$ 882 840 Independant Exarniner's Remuneration Fees payable lo the Independanl Examiner 2024 2023 For other services Independant Examination 882 840 Page 9
Docusign Envelope ID.. 1 DFD2500-OF814720-ABAO-32DDD34DC5E2 The Foundation for Palliative Care Education Notes To The Financial Statements (Continued) For The Year Ended 31 March 2024 Trustees None of the Iruslees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Taxation The charity is exempl from taxation on its activities because all its income is applied for charitable purposes. Credltors: amounts falling due within one year 2024 2023 Accruals and deferred income 882 840 10 Unrestricted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Irustees for specific purposes. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 1691) 26,104 (23,846) 1,567 Prevlous year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 General funds 28,956 6,075 (35,722) (691) 11 Related party transactions There were no disclosable related party Iransaclions during the year (2023 - none). Page 10