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2024-06-30-accounts

Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

REGISTERED CHARITY NUMBER 1176132

Report of the Trustees and

Financial Statement for the Year Ended 30 June 2024

for

The Commonwealth Pharmacists Association (CPA)

Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

Contents
Report of the Trustees
Independent Auditor’s Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
Detailed Statement of Financial Activities
Page
3-24
25-27
28
29
30
31-43
44

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

The trustees submit their report together with the financial statements of the charity for the year ended 30th June 2024.

Chair’s Foreword

It is a considerable pleasure again to write the Chair’s Foreword for the Commonwealth Pharmacists Association Annual Report. I am delighted to report another very successful year, led by our excellent Chief Executive Victoria Rutter. My thanks to all the staff and volunteers both here in the UK and especially working in-country for their contributions to the work of the CPA.

In the course of the year we said goodbye to trustee Manjula Halai (to whom thanks and best wishes for the future). In the coming year we shall lose a number of other valued trustees (and so will be seeking actively to replace them).

This Report reveals a good range of programmes, and a strong financial base. It means the Association, supported by the trustees, must now be ambitious to extend the range and geographical reach of what we do. In the past year we have launched the CPA Academy as an identifiable home for our continuing education and leadership training programmes. The Chief Executive and her team continue to be successful in identifying and winning grant support for our work, which is essential. I am happy to acknowledge here the generous financial support we receive from our backers (all listed elsewhere in the Report), and the continuing support of the Commonwealth and the Royal Pharmaceutical Society in facilitating our work.

Objectives and Activities

The CPA’s charitable objectives are:

1. Summary of Main Activities

An accredited organisation of the Commonwealth, the CPA is a registered charity, leading and developing the pharmacy profession for the benefit of the people of the Commonwealth. The CPA works collaboratively across the Commonwealth to empower pharmacists to improve health and well-being of the communities they serve. The CPA has a growing collaboration plan with WHO and is in special relations, ensuring the strategic alignment of the CPA’s work to delivering the Sustainable Development Goals (SDGs).

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

CPA’s strategy has been designed around three clear strategic goals. Although these goals cut across all programmes of work, our programmes can be categorised according to the primary goal of alignment as follows::

1. 1.1. Workforce Capability Building

The CPA has focused on advancing education and capacity building through various impactful initiatives:

2. 1.2. Health Systems Strengthening

The CPA strengthened healthcare systems through innovative programmes and resources:

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

3. 1.3. Advocacy, Campaigns, and Events

The CPA actively championed pharmacists’ roles in improving health systems and addressing global health priorities:

For more information visit www.commonwealthpharmacy.org

2. Public Benefit

Upon appointment, all trustees are required to sign a Code of Conduct that outlines the commitment to CPA’s charitable objectives and working for the benefit of the public. Trustees are formally briefed on and sent the constitution and links to the Charities Commission Guide on the Responsibilities of Trustees on appointment and asked to familiarise themselves with these documents, as part of the trustee induction process.

As the charity has grown significantly over the last few years, trustee training has been introduced and took place between October and December 2023 - this included further emphasis on all Charities Commission’s Guidance, including that relating to public benefit.

3. Contribution made by volunteers

A volunteer governance/risk advisor continued to support the work of the charity.

Several volunteers also work for the CPA, including 7 individuals who contributed their skills and expertise as an extension of our research and programmes teams.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

Major activities carried out in the reporting period 1st July 2023 – 30th June 2024

1. Practice and Educational Resources

1.1. PharmAid

Background and Aim: The primary aim of PharmAid is to provide essential medicines information resources to pharmacists and healthcare professionals throughout the Commonwealth. This initiative has been a cornerstone of the CPA's commitment to fostering professional development and knowledge-sharing among its members for nearly five decades.

Countries: Lesotho, Malawi, Nigeria, Papua New Guinea, Rwanda, St Vincent and The Grenadines, Sierra Leone, Sri Lanka, Tanzania, Uganda.

Key Deliverables

Outcomes and Impact

1.2. Continuing Professional Development – Online platform

Background and Aim: The Continuing Professional Development (CPD) platform provides pharmacists with key courses to continue their professional development and optimise the care they provide to patients.

Countries: Cameroon, Eswatini, Fiji, Gambia, India, Kenya, Lesotho, Malawi, Mauritius, Namibia, Nigeria, Papua New Guinea, Saint Lucia, Saint Vincent & The Grenadines, Samoa, Sierra Leone, South Africa, Sri Lanka, Tanzania, Uganda, Zambia and Zimbabwe.

Key Deliverables

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

4. 1.3. Critical Care Course (with UCLH)

Background and Aim: Since 2022, the CPA has collaborated with the University College Hospital (UCLH) to extend access of their "Fundamentals of Critical Care'' 12-month course to 60 pharmacists in LMIC per cohort delivered. The course offers a comprehensive and structured approach to equipping pharmacists with the necessary knowledge and skills to optimise the management of patients in the Critical Care setting.

Countries: Cameroon, Eswatini, Ghana, India, Kenya, Nigeria, Rwanda, Sierra Leone, Tanzania, Uganda, Zambia, Zimbabwe.

5. 1.4. Pharmacy Workforce Data

Background and Aim: The CPA is working collaboratively with the WHO National Health Workforce Accounts (NHWA) and the International Federation of Pharmacists (FIP) to collate pharmacy workforce data.

Countries: All Commonwealth countries.

Key Deliverables

2. Programmes

2.1. SPARC - Surveillance and Prescribing Support for Antimicrobial Stewardship Resource Capacity Building

Background: SPARC delivers innovative solutions to improve antimicrobial surveillance and prescribing in partner countries with a geographic focus in LMICs in Africa and Asia, to build workforce capability, capacity and resilience in health systems, in the drive for better global antimicrobial stewardship. The programme has three core work streams:

  1. The Prescribing Companion App, a mobile Application and website designed to support prudent antimicrobial prescribing in human and animal health in line with the global one health approach.

  2. Data for Action: Support antimicrobial use and surveillance in human health through curated training modules supporting countries in data use to inform policy and practice for better AMS.

  3. Malawi electronic medicines management system (eMMS): Pilot to address critical gaps in Antimicrobial consumption data and patient prescription data in Malawi.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

Countries: Bangladesh, Bhutan, Eswatini, Ghana, India, Indonesia, Kenya, Laos, Malawi, Nepal, Nigeria, Pakistan, Papua New Guinea, Senegal, Sierra Leone, Sri Lanka, Tanzania, Timor Leste, Uganda, Vietnam, Zambia, Zimbabwe.

Key Deliverables - Costed Extension (June 2023 to February 2024)

Further development of the Prescribing Companion App

Scoping and Planning for Phase II

Development and approval of the proof of concept for the Malawi eMMS pilot in collaboration with national stakeholders from the Malawi Ministry of Health.

Findings from the scoping were used to inform the SPARC II Proposal and translated into country specific AMR context proformas to be used for future work.

Phase II proposal development and submission in December 2023

Key Deliverables - SPARC II to date (March to June 2024)

Outcomes and Impact

SPARC 1 Evaluation: Using a mixed method’s approach to evaluate the implementation of SPARC 1, the majority of the participants (82%) rated the programme’s overall performance as ‘very good’. Success of SPARC 1 was attributed to: a well-managed programme, access to high-quality resources, effective training initiatives, active participation of participating countries, alignment with national AMS action plans, strong stakeholder collaboration and utilisation of high-quality data

Enhanced Antimicrobial Prescribing Practices: The expansion of the Prescribing Companion App, with the addition of four national antimicrobial guidelines from Malawi, Sierra Leone, Nigeria, Timor-Leste, and Nepal,

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

directly contributed to more accurate and context-specific prescribing practices. Since launch in November 2022, over 22,000 healthcare professionals have now integrated this tool into their daily routines, leading to more informed and effective antimicrobial use in both human and animal health.

Increased Local Ownership and Customization of the App: The country-led efforts to upload and maintain antimicrobial guidelines in the Prescribing Companion App have fostered greater local ownership. The involvement of trained App champions has ensured that the guidelines are not only accurate but also tailored to the specific needs and contexts of each country, thereby enhancing the relevance and effectiveness of the tool.

Increased Regional Collaboration: The SPARC programme’s collaborative approach, involving partnerships with Country Grantees, Regional Grantees, and strategic stakeholders, has fostered a spirit of cooperation across regions in the global action against AMR

Conference Dissemination: A total of 5 conference abstracts accepted for presentation as follows: 29[th] Congress of the Federation of Asian Pharmaceutical Associations, Taipei, Taiwan, 24-28 October 2023 – abstract accepted and poster and oral presentation delivered. 9[th] Working Symposium of the Pharmaceutical Care Network Europe, Basel-Switzerland, 20-22 June 2024 – abstract accepted and poster presentation delivered. 22[nd] International Social Pharmacy Workshop, Canadian Rocky Mountains-Canada, 7-11 July 2024 – abstract accepted and poster presentation delivered. 82[nd] World Congress of Pharmacy and Pharmaceutical Sciences, Cape Town-South Africa, 1-4 September 2024 – abstract accepted for poster presentation. Royal Pharmaceutical Society Annual Conference, London-UK, 8 November 2024 – abstract accepted for poster presentation.

Prescribing Companion App.

Data for Action training in 5 countries.

Malawi eMMS

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

2.2. CwPAMS - Commonwealth Partnerships for Antimicrobial Stewardship

Background and Aim: The CwPAMS programme aims to tackle antimicrobial resistance (AMR) by supporting low- and middle-income countries (LMICs) to generate, share and use data to improve antimicrobial use and clinical practice, and encourage further investment in AMR. The programme is managed by CPA in partnership with the Global Health Partnerships (formerly THET - Tropical Health and Education Trust), and is funded by the UK Department of Health and Social Care’s Fleming Fund.

Countries: Ghana, Kenya, Malawi, Nigeria, Sierra Leone, Tanzania, Uganda, Zambia. In partnership with the United Kingdom.

Key Deliverables

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

2.3. ALF-A - AMS Leadership Programme for Africa

Background and Aim: Based on the success of the UK's Chief Pharmaceutical Officers Global Health Fellows programme, a similar fellowship programme, the Africa Leadership Fellowship-AMS (ALF-A), has been developed for mid-career pharmacists in Africa who are part of a CwPAMS 2 partnership.

Countries: Ghana, Kenya, Malawi, Nigeria, Sierra Leone, Tanzania, Uganda, Zambia.

Key Deliverables

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

Outcomes and Impact

Conference dissemination:

2.4. VIPSD - Commonwealth Voluntary Information and Price Sharing Database

Background and Aim: VIPSD was established in response to the 2018 deliberations of the Commonwealth Health Ministers, who identified the need for a robust information-sharing mechanism among member states.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

The initiative aims to support informed decision-making in the procurement of essential medicines. Despite being endorsed by Commonwealth Health Ministers in May 2021, the database's uptake and deployment have been limited.

Countries: The project targeted up to 20 of the 56 Commonwealth member states, spanning five regions: the Eastern Caribbean, Southern African Development Community, Association of Southeast Asian Nations, Malta/Europe, and the Pacific.

Key Deliverables

3. Advocacy, campaigns and other events

3.1. Commonwealth Civil Society Policy Forum 2024

Background and Aim: The 2024 Commonwealth Civil Society Policy Forum theme was ‘Actionable Solutions to Building Resilience in Healthcare Systems within the Commonwealth, with an Emphasis on Small and Vulnerable States’, in line with the Commonwealth Health Ministers meeting, to raise awareness of the impact of climate change and other natural disasters on health within Civil Society.

Countries: All Commonwealth countries.

Key Deliverables: As a key member of the Commonwealth Health Professions and Partners Alliance the CPA inputted into the programme and helped shape the 6 actionable recommendations:

  1. Recommendation 1 - Addressing the effects of climate change on health

  2. Recommendation 2 - Strengthening Health Emergency Capacities

  3. Recommendation 3 - Leveraging workforce capability to support health across the whole life course

  4. Recommendation 4 - Bringing younger and older generations together

  5. Recommendation 5 - Addressing sustainable availability and employment of healthcare workers

  6. Recommendation 6 - Developing a resilient health workforce

An online survey was conducted prior to the Forum 2024 to gather views and opinions on the draft recommendations. A total of 94 responses were received, with the majority of respondents agreeing with all the key challenges identified and proposed recommendations (over 98% across all recommendations). Minor changes and suggestions were proposed to the original recommendations.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

6.

3.2. Commonwealth Health Ministers Meeting 2024

Background and Aim: The annual Commonwealth Health Ministers meeting was held on the 24-25th May 2024 in Geneva, Switzerland, on the margins of the 77th World Health Assembly, to “foster a shared understanding of health system resilience to achieve Universal health Coverage and health security and to catalyse joint action towards strengthening health systems within the Commonwealth”. The theme this year was “Actionable solutions to build resilience in Health Systems within the Commonwealth, with an emphasis on small and vulnerable states”.

Countries: All Commonwealth countries.

Key Deliverables: CPA, as a key member of the Commonwealth Health Professions and Partners Alliance, presented the outputs and recommendations of the Commonwealth Civil Society Policy Forum. The outcome of the Commonwealth Health Ministers meeting, along with the 67 resolutions agreed on, are recorded in an outcome statement which include issues on:

3.3. World AMR Awareness Week 2023

Background and Aim: The World AMR Awareness Week (WAAW), celebrated annually between 18[th] and 24[th] of November, is a campaign dedicated to raising awareness about antimicrobial resistance. The theme for WAAW 2023 was “Preventing antimicrobial resistance together”.

Countries: All Commonwealth countries.

Key Deliverables: The campaign and activities were recognized and endorsed by the Commonwealth Secretariat as part of the Year of the Youth Activities.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

which were then shared on social media throughout the week of World Antimicrobial Awareness Week. Over 33,000 impressions across Twitter, LinkedIn, Instagram and Facebook were achieved.

3.4. Commonwealth Pharmacists Day 2024

Background and Aim: The Commonwealth Pharmacists Day, celebrated annually on the 16th of June, is a dedicated occasion to recognize and appreciate the crucial role pharmacists perform in the healthcare systems spanning the 56 Commonwealth nations. The theme for 2024 was Pharmacists Developing Resilient and Sustainable Health Systems for all, developed in collaboration between the CPA President and staff team. The focus emphasised the critical role Pharmacists have to play in the modern healthcare landscape. We experimented this year with embedding a secondary theme into the campaign, intended to make core theme more relevant to the everyday Pharmacist, and so chose to emphasise the “Resilient” aspect of the message by also highlighting the need for the development of the #ResilientPharmacist to create resilient health systems.

Countries: All Commonwealth countries.

Key Deliverables: Building on the success of our 2023 campaign, the core of the 2024 campaign was centred around self-representation, enabling pharmacists from across the Commonwealth to participate actively. This involved:

Outputs and Impact

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

4. Future Plans

4.1. Aims and Objectives

The Commonwealth Pharmacists Association (CPA) remains committed to its mission of improving health outcomes across the Commonwealth by enhancing pharmacy education, strengthening healthcare systems, and fostering impactful global partnerships. This section outlines CPA’s future plans and strategic objectives, which focus on expanding access to professional development resources, supporting antimicrobial stewardship efforts, and promoting leadership and advocacy within the pharmacy sector.

At the heart of CPA’s strategy is the belief that pharmacists are often the most accessible healthcare professionals in their communities, making them pivotal to improving public health and reducing health disparities. Recognising this, CPA aspires to expand its programmes to equip community pharmacists with the necessary tools and training to address key health challenges, moving beyond our award winning AMR programmes to recognise the double burden of disease faced by LMICs, putting pharmacists at the forefront of the management and prevention of non-communicable diseases (NCDs) such as diabetes, cardiovascular diseases, and respiratory illnesses.

Programme specific priorities are detailed further below and include the continued enhancement of initiatives such as the Continuing Professional Development (CPD) platform, the SPARC and CwPAMS programmes, and the expansion of leadership fellowships. CPA aims to strengthen partnerships, promote data-driven approaches, and increase pharmacist capacity, particularly in LMICs.

An important aspect of CPA’s future aspirations is securing sustainable funding to support its growing programmes and ensure long-term resilience. By pursuing new grant opportunities, diversifying income streams, and enhancing financial reserves, the organisation seeks to maintain operational stability and meet the evolving needs of its member countries. CPA is also committed to strengthening its internal governance, increasing volunteer engagement, and improving risk management to address organisational sustainability.

Through these efforts to empower the pharmacy profession throughout the Commonwealth, CPA aims to address global health challenges, reduce health inequalities, and contribute meaningfully to the Sustainable Development Goals (SDGs).

4.2. Practice and Educational Resources

4.1.1 PharmAid

Next steps and future work: The CPA aims to continue partnering with BookAid to continue delivering books to Commonwealth African countries.

4.1.2 Continuous Professional Development – Online Platform

Next steps and future work: The CPA has a program to deliver 2 courses in 2024 and 4 courses in 2025, along with associated webinars to support online learning and provide additional tools and resources for our learners to use in practice and patient care delivery. This initiative is in response to learner feedback from the 2023 survey, which called for more interactive webinars, case studies and an increase in learning modalities on the platform. The courses and webinars will cover communicable and non-communicable diseases, as well

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

as pharmacy practice, which have been highlighted as priority areas by our members. Moving forward, our courses will also incorporate opportunities for learners to reflect on practice.

4.1.3 Critical Care Course (with UCLH)

Next steps and future work: We are currently seeking funding to expand access to a larger number of pharmacists in LMICs in the next cohort, commencing in April 2025.

4.1.4 Pharmacy Workforce Data

Next steps and future work: Data collection will take place on an ongoing basis and feed into our strategy and advocacy work including workforce and education.

4.3. Programmes 4.2.1 SPARC – Surveillance and Prescribing Support for Antimicrobial Stewardship Resource Capacity Building

Next steps and future work

We anticipate to officially start implementation of SPARC II activities in September 2024 after all country work plans have been approved by the grant management agent. The main milestones/deliverables for each of the 3 core work streams are described below.

4.2.2 CwPAMS – Commonwealth Partnerships for Antimicrobial Stewardship

Next steps and future work: Over the next year, we will continue supporting implementation of the 24 AMS projects, building capacity of healthcare professionals and to strengthen country ownership, collaboration and knowledge sharing. We shall provide additional support to enhance sustainability and sharing of best practices.

4.2.3 Alf-A – AMS Leadership Programme for Africa

Next steps and future work: The next steps are to support Cohort 2 in completing their Edward Jenner Course 4 and the remaining 3 webinars on Leadership, Quality Improvement, Data Analysis and Research, and their project work. We will support all fellows in submitting their project reports in September for Cohort 1 and in December for Cohort 2.

The next key phase will include the monitoring and evaluation of the program, including the delivery, implementation, and impact on the fellows' leadership development and the mentorship program. Together with the research team, we are analysing the data collected so far (pre-fellowship surveys and post-action learning sessions) and developing tools for end-of-program questionnaires and focus group meetings for fellows and key stakeholders. Apart from internal and funders reports, we also plan to submit our findings as peer-reviewed journal publications.

4.2.4 VIPSD – Commonwealth Voluntary Information and Price Sharing Database

Next Steps and Future Work

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

4.4 Advocacy, Campaigns

4.4.1 Commonwealth Health Ministers Meeting 2024

Next steps and future work: The six recommendations, reflecting civil society priorities, informed the subsequent Commonwealth Health Ministers meeting in enhancing healthcare resilience across the Commonwealth, ahead of the 7th WHO World Health Assembly in Geneva, Switzerland, between 27 May and 1 June 2024. The CPA has also taken these recommendations into account to further shape programmes of work, in particular around the pharmacy workforce and access to medicines.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

1. Financial Review

The Charity has continued to grow after a stable income over the last 2 years preceded by a particularly rapid growth trajectory, reflected in a turnover for the year of £1.19m (2023: £725k).

The Charity’s core unrestricted fund stands at £149k (2023: £108k).

Designated funds from prior years have been expended (2023: £25k). Restricted funds are £167k (2023: £211k) which reflect the unspent funds for project activity that extends over the next financial year.

The Charity begins the new financial year in a good financial position. The total funds carried forward are £316k (2023: £344k).

2. Reserves Policy

Reserves are held to help the charity operate efficiently. The unrestricted reserves are that part of the charity’s funds that are freely available to spend on the charity’s purposes. Whilst ensuring that the charity holds at least three months of unrestricted funds to cover running costs, the reserves policy also looks at building up reserves for unforeseen expenditure which will strengthen the resilience of the charity. Unforeseen expenditure can include a shortfall in income, temporary cash flow issues, uncontrolled costs, trustee liability, sudden closure. A decision to carry c. £100k in unrestricted reserves was deemed prudent and will be reviewed quarterly in light of a growing team of employed staff. This cost relates to three months of salaries and relevant redundancy costs.

3. Principal sources of funds:

4. Principal Risks

The CPA has a strategic risk register in addition to those relating to individual projects. The risks to the charity have been categorised as operational, financial, regulatory, governance and external.

The response and mitigations relating to these risks are detailed in the strategic risk register and are reviewed at least quarterly by the senior management team and more formally every quarter in liaison with the Board of Trustees. A further in depth review of the risk register took place in May 2024, resulting in a much more comprehensive list of risks and a more standardised way of defining these.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

5. Structure, Governance and Management

The charity is governed by the constitution accepted in December 2017, and adopted in July 2018 when the CPA officially began functioning as a Charitable Incorporated Organisation (CIO). This replaced the original constitution that related to the establishment of the unincorporated charity that was adopted in Dec 2015.

The charity is a CIO consisting of 28 (2023: 25) member organisations and over 11158 (2023: 10023) individual members to date. Traditionally the CPA has been an association of member organisations. Individual reach is expected to continue to grow in line with the relationships and collaborative working opportunities developed.

6. Trustees

In accordance with the constitution, there are:

The Trustees can fill any casual vacancy in their number and may co-opt nor more than three additional trustees, any person so appointed being entitled to hold office until the next AGM.

Any new trustees appointed are briefed by the board of Trustees of their legal obligation under charity and company law and the contents of the Memorandum and Articles of Association. They are given copies of the Memorandum and Articles of Association, recent Trustee meeting minutes and the latest financial information.

They are also directed towards the Charity Commission website, especially to booklets CC3 “The Essential Trustee: and CC3a, “Charity Trustee: what’s involved?”. Trustees are encouraged to attend appropriate training events which will help them know their responsibilities.

7. Organisational Structure

The CPA is governed by the board of Trustees.

The Chief Executive Officer reports to the board of trustees and manages the day to day running of the organisation, working with the CPA team of staff, consultants, and volunteers.

The Trustees consider the Board of Trustees, the Chief Executive and the senior leadership team as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All Trustees give their time freely and no trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in notes 9 and 18 to the accounts.

Trustees are required to disclose all relevant interests and in accordance with the Trusts’ policy withdraw from decisions where a conflict of interest arises.

The pay of the Chief Executive and senior leadership team is reviewed annually and is normally increased in accordance with average earnings. The remuneration is reviewed to ensure that it is commensurate with similar roles.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

The CPA’s council and regional assembly (previously referred to as ‘executive’) consist of representatives from the national pharmacy associations (NPAs) of the Commonwealth, from which the President and Vice president are elected. These bodies serve as an advisory board to the CPA, helping to set and deliver the strategy.

The CPA is in a unique position in terms of the organisation’s established and potential relationships, particularly in terms of:

Fundraising standards information

The charity does not raise funds from the general public, and has had no complaints or concerns raised during the period in this respect.

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

8. Reference and Administration Details

Charity name: The Commonwealth Pharmacists Association Charity Commission registered number: 1176132 Charity principal address: 66-68 East Smithfield, London, E1W 1AW

Trustees during the year were:

Tony Downes Chair Raymond Anderson Vice Chair Mary Anne Ciappara President Ex-officio Biyi Oloko Treasurer Claire Anderson Zaheer Babar Resigned 14th August 2024 Manjula Halai Resigned 29th January 2024 Oksana Pyzik David Reissner Claire Thompson Resigned 19th November 2024 Rao Vadlamudi Immediate past president Ex-officio Volunteer Advisors: Matthew Hayday Governance & Risk Advisor Independent Auditor/Examiner: Benjamin Hayes FCA Wenn Townsend Other key personnel:

Victoria Rutter Chief Executive Officer Josie Malloy Finance and Business Manager (resigned 29[th] February 2024) Freya Liiv Interim Finance and Business Manager (appointed 19th February 2024) Finance and Business Manager (appointed 6th May 2024) Momodou Darboe

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

9. Public Benefit

When planning the activities for the year, the trustees have complied with their duty in Section 4 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission, including public benefit guidance.

The trustees have approved the report above and have authorised us to sign it on their behalf.

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Tony Downes – Chair

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Biyi Oloko – Treasurer

Date of approval: 10[th] February 2025

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Commonwealth Pharmacists Association Report of the Trustees For The Year Ended 30th June 2024

Statement of Trustees responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Commonwealth Pharmacists Association Independent Auditor’s Report For The Year Ended 30th June 2024

Opinion

We have audited the financial statements of The Commonwealth Pharmacists Association (the ‘charity’) for the year ended 30[th] June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in

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the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

26

Commonwealth Pharmacists Association Independent Auditor’s Report For The Year Ended 30th June 2024

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www. frc.org. uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

The financial statements of The Commonwealth Pharmacists Association for the year ended 30[th] June 2023 were unaudited. An independent examination was performed which expressed an unmodified opinion.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed

Wenn Townsend Chartered Accountants, Statutory Auditor

Oxford

Date: 10[th] February 2025

Wenn Townsend is eligible to act as auditor in terms of section 1212 of the Companies Act 2006.

27

Commonwealth Pharmacists Association Statement of Financial Activities

For The Year Ended 30th June 2024

Notes
INCOME AND ENDOWMENTS
FROM
Donations
2
Total Donations and legacies
Charitable activities
Grant and contracts income
3
Individual subscriptions
Membership fees
Interest receivable
Total Charitable activities
Total Income
EXPENDITURE ON
Charitable activities
4
Total Expenditure
Net Income/(expenditure)
Transfers
Net Movement
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
funds
£
4,100
-
820
22,515
2,504
25,839
29,939
43,104
43,104
(13,165)
29,966
16,801
133,016
149,817
Restricted
funds
£
-
1,159,777
-
-
-
1,159,777
1,159,777
1,174,054
1,174,054
(14,277)
(29,966)
(44,243)
211,328
167,085
2024
Total funds
£
4,100
1,159,777
820
22,515
2,504
1,185,616
1,189,716
1,217,158
1,217,158
(27,442)
-
(27,442)
344,344
316,902
2023
Total funds
Restated
£
916
794,254
300
19,437
-
813,991
814,907
747,566
747,566
67,341
-
67,341
277,003
344,344

All income and expenditure have arisen from continuing activities

28

Commonwealth Pharmacists Association Balance Sheet

For The Year Ended 30th June 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank in hand
14
CREDITORS
Amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds:
General funds
Designated funds
Restricted funds
TOTAL FUNDS
2024
£
285
7,545
502,311
509,856
(193,239)
316,617
316,902
316,902
149,817
-
167,085
316,902
2023
£
Restated
513
221,352
213,058
434,410
(90,579)
343,831
344,344
344,344
107,689
25,327
211,328
344,344

The financial statements were approved by The Board of Trustees on 10[th] February 2025 and were signed on its behalf by:

________ Tony Downes – Chair


Biyi Oloko – Treasurer

The notes on pages 30 to 42 form part of these financial statements.

29

Commonwealth Pharmacists Association Statement of Cash Flows

For The Year Ended 30th June 2024

Reconciliation of net income to net cash flow from operating
activities
Net income for the year
Depreciation
Interest receivable
Debtors movement
Creditors movement
Cash (absorbed)/generated from operations
Net cash from investing activities
Interest received
Net cash from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
2024
£
(27,442)
228
(2,504)
213,807
102,660
286,749
2,504
2,504
289,253
213,058
502,311
2023
£
Restated
67,341
198
-
(173,046)
(34,315)
(139,822)
-
-
(139,822)
352,880
213,058

30

Commonwealth Pharmacists Association Notes to the Financial Statements For The Year Ended 30th June 2024

1. ACCOUNTING POLICIES

General information and basis of preparing the financial statements

The Commonwealth Pharmacists Association is a charitable incorporated organisation. The address of the registered office is given in the charity information on page 21 of these financial statements.

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

Going concern

There are no material uncertainties about the charity’s ability to continue so it is regarded as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates of write off each asset over its estimated useful life.

Office Equipment -25% straight line on cost.

Fund’s structure

Funds held by the charity are either:

Unrestricted funds - these are funds which can be used in accordance with the Charity's objects at the trustees' discretion.

Designated funds – included within unrestricted funds, these are funds which can be used in accordance with the Charity’s objects at the trustees’ discretion and have been assigned for specific areas of activity.

31

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

Restricted funds - these funds can only be used for restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or where funds are raised for restricted purposes.

Further explanations of the nature and purpose of each fund are included in the notes to the accounts.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Prior period errors

The prior year figures for deferred income have been restated to recognise a grant from The Royal Pharmaceutical Society in the correct period.

Reconciliation of funds
Funds as previously reported
Adjustments arising:
Release of deferred income
Funds as restated
Reconciliation of net income for the previous financial
period
Net income as previously reported
Adjustments arising:
Release of deferred income
Net income as restated
1 July
2022
£
277,003
-
277,003
30 June
2023
£
319,344
25,000
344,344
2023
42,341
25,000
67,341

32

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

2. DONATIONS AND LEGACIES

Unrestricted:
Other donations
3. GRANT AND CONTRACTS INCOME
Designated:
Novartis Pharma AG
International Pharmaceutical Association (FIP)
Restricted:
Fleming Fund (CwPAMS 2.0)
Fleming (SPARC)
Pfizer
Commonwealth Secretariat: Price Sharing Database
Royal Pharmaceutical Society grant
Menarini: AMD CPD
Fleming Fund (CwPAMS Alf-A 2)
Reckitt
Commonwealth Secretariat: Year of Youth Webinar
2024
£
4,100
2024
£
-
-
521,149
560,970
-
-
23,211
-
29,597
22,350
2,500
1,159,777
2023
£
916
2023
£
Restated
40,000
20,000
312,373
223,992
125,000
23,600
39,289
10,000
-
-
-
794,254

4. CHARITABLE ACTIVITIES COSTS

Direct costs
Support costs (note 5)
Unrestricted
funds
£
25,387
17,717
43,104
Restricted
funds
£
1,098,462
75,592
1,174,054
2024
Total funds
£
1,123,849
93,309
1,217,158
2023 Total
funds
£
706,346
41,220
747,566

33

Commonwealth Pharmacists Association

For The Year Ended 30th June 2024

Notes to the Financial Statements - continued

5. SUPPORT COSTS

Staff costs
Travel and subsistence
Governance (note 6)
Information technology
Depreciation
Office costs
Bad debt
Other
Overhead contribution (note 7)
6. GOVERNANCE COSTS
Trustee expenses
Auditor / examiner remuneration
Other accountancy fees
Unrestricted
funds
£
24,055
11,709
8,023
3,723
228
9,238
2,566
7,967
(49,792)
17,717
Restricted
funds
£
71,466
4,098
-
-
-
28
-
-
-
75,592
2024
Total funds
£
95,521
15,807
8,023
3,723
228
9,266
2,566
7,967
(49,792)
93,309
2024
£
470
7,000
553
8,023
2023 Total
funds
£
18,233
1,320
2,366
10,462
198
3,642
-
4,999
-
41,220
2023
£
23
1,780
563
2,366

The auditors remuneration amounts to an audit fee of £7,000 (2023: independent examination of £1,780).

7. OVERHEAD CONTRIBUTION

Advance health and education
Activity
Basis of allocation
Support costs
Apportioned on an estimated use
basis as follows:
Advance health and education
2024
£
49,792
49,792
%
100
100
2023
£
33,064
33,064
%
100
100

34

Commonwealth Pharmacists Association

Notes to the Financial Statements - continued

For The Year Ended 30th June 2024

8. NET INCOME FOR THE YEAR

Net income is stated after charging:

Net income is stated after charging:
Depreciation 2024
£
228
228
2023
£
198
198

9. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year (2023: £Nil).

There were no trustee travel expenses reimbursed in the year (2023: £23 for 1 trustee) but a total of £470 reimbursed to third parties for trustee subsistence (2023: £Nil).

The total amount of employee benefits received by key management personnel was £254,815 (2023: £93,417). The charity considers its key management personnel to comprise of the CEO, the Finance and Business Manager and Operations Lead – Programmes.

10.STAFF COSTS

Wages and salaries
Pension
Employer National Insurance contributions
Overtime
The average monthly number of employees during the year was as follows:
Staff
Number of employees earning within the following bands:
£60,001 - £70,000
2024
£
357,576
17,034
30,037
2,705
2023
£
77,417
4,347
3,383
19,361
407,352
2024
7
2024
1
104,508
2023
1.7
2023
-

35

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

The Charity has a pension scheme set up with NEST for the benefit of staff. New staff have the option of joining the NEST scheme or continuing to pay into their existing personal pensions.

The amount of pension contributions charged to the charity in the year was £17,064 (2023: £4,347). The amount of pension contributions outstanding at the end of the year was £2,045 (2023: £249).

11.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Grant income
Individual subscriptions
Membership fees
Member association fees
Total
EXPENDITURE ON
Charitable activities
Total
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
funds
£
916
60,000
300
19,437
-
80,653
40,239
40,239
40,414
(133)
40,281
92,735
133,016
Restricted
funds
£
Restated
-
734,254
-
-
-
734,254
707,327
707,327
26,927
133
27,060
184,268
211,328
2023
Total funds
£
Restated
916
794,254
300
19,437
-
814,907
747,566
747,566
67,341
-
67,341
277,003
344,344

36

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

12.TANGIBLE FIXED ASSETS

COST
At 1st July 2023
At 30th June 2024
DEPRECIATION
At 1st July 2023
Charge for year
At 30th June 2024
NET BOOK VALUE
At 30th June 2024
At 30th June 2023
Office
Equipment
£
898
8988898
385
228
613
285
513

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Grant income
Subscriptions
Accrued income
Prepayments
Other debtors
2024
£
5,830
250
-
930
535
7,545
2023
£
205,465
492
13,565
1,830
-
221,352

37

Commonwealth Pharmacists Association

Notes to the Financial Statements - continued

For The Year Ended 30th June 2024

14. CASH AT BANK IN HAND

Unity Trust Bank – current
Unity Trust Bank – deposit
PayPal Account
Soldo Account
2024
£
31,945
468,005
426
1,935
502,311
2023
£
208,117
-
2,843
2,098
213,058

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Deferred income
Accruals
Pension Contributions
HMRC Creditor
2024
£
46,183
121,275
14,258
2,045
9,478
193,239
2023
£
Restated
69,880
10,957
7,558
249
1,935
90,579

Deferred income is made up of contracts for services relating to the 2024/25 financial year.

38

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

16. MOVEMENTS IN FUNDS

Unrestricted funds
General fund
Designated funds
Novartis Pharma AG
Restricted funds
Fleming Fund (SPARC)
Fleming Fund (CwPAMS 2.0)
Pfizer
Commonwealth Secretariat
Royal
Pharmaceutical
Society
Menarini AMS CPD
Fleming Fund (CwPAMS Alf-A
2)
Reckitt
Fleming
Fund
(SPARC
Extension)
At 1 July
2023
£
Restated
107,689
25,327
-
43,741
116,246
23,600
25,000
2,741
-
-
-
344,344
Incoming
resources
£
29,939
-
217,468
521,149
-
2,500
23,211
-
29,597
22,350
343,502
1,189,716
Outgoing
resources
£
(17,777)
(25,327)
(109,512)
(546,817)
(86,280)
(23,908)
(48,211)
(2,741)
(3,986)
(9,097)
(343,502)
(1,217,158)
Transfers
29,966
-
-
-
(29,966)
-
-
-
-
-
-
-
At 30
June 2024
£
149,817
-
107,956
18,073
-
2,192
-
-
25,611
13,253
-
316,902

Designated funds:

Commenced December 2021 and completed by June 2024. The Novartis funds have been treated as designated as there is a detailed plan of activities.

39

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

Restricted funds:

- Fleming Fund/CwPAMS 1.5

CwPAMS: A health partnership scheme funded by the UK Government Department of Health and Social Care’s Fleming Fund. Managed by THET. The CwPAMS networking platform was developed by BSAC for use by partners in the CwPAMS programme in partnership with the Commonwealth Pharmacists’ Association (CPA). The forum will allow the sharing of skills and knowledge between multidisciplinary NHS teams, including or led by pharmacists with hospitals in Ghana, Tanzania, Uganda and Zambia, and expand capacity for antimicrobial stewardship. This initial programme ran until June 2022. The small amount of underspend was carried over to CwAMS 2.0.

- Fleming Fund/CwPAMS 2.0

The current programme commenced in July 2022 as a continuation of CwPAMS 1.5 and ran to June 2024. A restricted fund with a very detailed and strictly controlled budget in collaboration with THET. The figures introduced into the budget are lifted directly from the formal agreement. Funds are received partly in advance and partly in arrears.

- Fleming Fund/CwPAMS Alf-A

The African Leadership Fellowship-AMS, developed for mid-career pharmacists in Africa who are part of a CwPAMS 2 partnership.

- Pfizer - Medical Education Grant Initiative

To increase the number of Pharmacists in low/middle income countries (LMICs) accessing and completing locally relevant Continuing Professional Development (CPD) courses via an online CPD platform. The target population includes Latin America, Africa, the Middle East, Southeast Asia and beyond.

The core purpose of the CPD platform is to support in upskilling the pharmacy workforce, building capacity in health systems and ultimately improving patient care and safety. The objectives are:

40

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

The total grant of £125,000 had been received and partially spent up to June 2023. The remaining funds of £116K have been fully spent in the current year.

Grant of £24K received in advance from the Commonwealth Secretariat. The programme ran for 6 months from September to Feb 2024.

Objectives:

There was one transfer of £29,966 during the year to from restricted funds to unrestricted funds to represent the administration costs associated with the Pfizer project.

41

Commonwealth Pharmacists Association Notes to the Financial Statements - continued For The Year Ended 30th June 2024

MOVEMENT IN FUNDS - CONTINUED

2023

Unrestricted funds
General fund
Designated funds
Novartis Pharma AG
FIP
Restricted funds
Fleming Fund (SPARC)
Health Education England
Fleming Fund (CwPAMS 1.5)
Fleming Fund (CwPAMS 2.0)
Pfizer
Commonwealth Secretariat
Royal
Pharmaceutical
Society
Menarini AMS CPD
At 1 July
2022
£
88,478
4,257
-
167,869
11,453
4,946
-
-
-
-
-
277,003
Incoming
resources
£
Restated
20,653
40,000
20,000
223,992
-
-
312,373
125,000
23,600
39,289
10,000
814,907
Outgoing
resources
£
(17,356)
(18,930)
(3,953)
(391,861)
(11,529)
(556)
(273,079)
(8,754)
-
(14,289)
(7,259)
(747,566)
Transfers
£
15,914
-
(16,047)
-
76
(4,390)
4,447
-
-
-
-
-
At 30
June
2023
£
Restated
107,689
25,327
-
-
-
-
43,741
116,246
23,600
25,000
2,741
344,344

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Cash at bank and in hand
Other net current liabilities
Unrestricted
funds
£
285
176,653
(27,121)
149,817
Designated
funds
£
-
107,000
(107,000)
-
Restricted
funds
£
-
218,658
(51,573)
167,085
Total funds
£
285
502,311
(185,694)
316,902

42

Commonwealth Pharmacists Association

Notes to the Financial Statements - continued

For The Year Ended 30th June 2024

ANALYSIS OF NET ASSETS BETWEEN FUNDS – CONTINUED

2023

2023
Tangible fixed assets
Cash at bank and in hand
Other net current (liabilities)/
assets
Unrestricted
funds
£
513
112,114
(4,938)
107,689
Designated
funds
£
-
25,327
-
25,327
Restricted
funds
£
Restated
-
75,617
135,711
211,328
Total funds
£
Restated
513
213,058
130,773
344,344

18. RELATED PARTY DISCLOSURES

Donations from Trustees totalled £3,930 (2023: £165).

43

Commonwealth Pharmacists Association Notes to the Financial Statements

For The Year Ended 30th June 2024

INCOME AND ENDOWMENTS
Donations and legacies:
Donations
Total Donations and Legacies
Charitable activities:
Grant income
Membership fees
Individual subscriptions
Interest receivable
Total Charitable Activities
Total Incoming Resources
EXPENDITURE
Charitable Activities:
Direct costs and contractors’ fees
Gross salaries, NI and pension
Technical support
Accountancy and payroll
Insurance
Consultancy fees
Telephone, stationery, office supplies
Travel and subsistence
Subscriptions
Bank charges and exchange differences
Software
Staff welfare and training
Recruitment
Depreciation of IT equipment
Bad debt
Admin support from programmes
Total Charitable Activities
NET INCOME/(EXPENDITURE)
NET MOVEMENT
Unrestricted
funds
£
4,100
4,100
-
22,515
820
2,504
25,839
29,939
25,387
18,319
3,723
7,553
4,927
1,565
3,077
12,179
3,026
1,475
3,135
3,912
1,824
228
2,566
(49,792)
43,104
(13,165)
(13,165)
Restricted
funds
£
-
-
1,159,777
-
-
-
1,159,777
1,159,777
1,048,670
71,466
-
-
-
-
28
4,098
-
-
-
-
-
-
-
49,792
1,174,054
(14,277)
(14,277)
2024
Total funds
£
4,100
4,100
1,159,777
22,515
820
2,504
1,185,616
1,189,716
1,074,057
89,785
3,723
7,553
4,927
1,565
3,105
16,277
3,026
1,475
3,135
3,912
1,824
228
2,566
-
1,217,158
(27,442)
(27,442)
2023
Total
funds
£
Restated
916
916
794,254
19,437
300
-
813,911
814,907
706,346
16,930
10,462
2,366
2,241
1,687
1,662
1,320
1,131
1,071
849
656
647
198
-
747,566
67,341
67,341

This page does not form part of the statutory financial statements

44