WORLDWIDE RADIOLOGY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE 16 MONTH PERIOD ENDED31 MARCH 2025 Charity Règistr8tfion Numbèr. l 178885 Company registration numbèr IEnglBnd and W8lesl'.11042080
WORLDWIDE RADIOLOGY: LEGAL AND ADMINISTRATIVE INFORMATION Tru5tee5 Mr DT Haye5 Ms P lDn¥te Ires¥ned 3151 May 20241 tkj Connolly Mr PDB Cornell Dr GS Dodgè Dr R thM¥edS Charlty Nurnber 1178885 Company Numbpr 11(42080 Registered OFFI 6 Hope Place LNerpo Merseyside LI 9BG Independent Examlner Mitthell Charle5WOrth (Audltl Ilmlted 14th Flwr The Plaza (Xd Hall Street ankers HSBC 99-101 Lord Street LivÉYpool Merseyside L2 6PG Charity Rggi8tr8tlon Numbor: 1178885 Company rotystration numbtsr IEnOand And Walesl:11042080
WORLDWIDE RADIOLOGY: COPITENrs Trustee5' re Indeperident examinerfs report Statement of flnanaal actitieS Balan sh Notes to the financlal statements 10-21 Charity ReOstr8tion Numb8r: 117888S Company mgistr8tion numbor (England Bnd WaLesl."11042080
WORLDWIDE FIADIOLOGY: TRUSTEE'S REPORT The trustees presenl their report and financlal statements for the 16 month period ended 31 Marth 2025. The trustees have adtjpted the pmmsions oltheststernent of Recommended Practlce ISORP 20191°Accountin8 and Reporting by Charltteg" IFRS 1021 in preparing the annual reporl and accounts of the tharity. The fsnancial statements have been prepared In acmrdancewith the accountlngpdlciEs set out note I to the finanaal statements and comply wth the charity's gt)vemlng tlocument. the Companles Act 2tKAfj and 'Attountlng and Reporbng by Charitie5= Statement Df Recomrnended Prdttlce applicable to Charitles preparin¥ thelr accounts in accordan with the Financial Repwting Standard aw)Ilcabie in the UK and Republlc of Ireland IFRS 1021 leffedve I january 20191.. Thi5 report has been prepared ith aCLdance with the provi%ions ap1¢able to cornpanTrps entltled to the small ¢panIeS exemption. Oblertlves and actbAIO The objects ofthe charity are to:_ Relleve slcness. to proteLt and pre5eThE health, and to Save lives by Improving access to quallty dla8n05tic imagln& partlojlarty In under-seNed area5 of low- and mlddle4ncome countries. Adwdnce education in all areas relevant to diagnostlc ima8in& particulady foi limited resource s@ttings, In particular, but not exclusrvely by commissioning or undertaklng research into dise45e epidemioltsgv ar man38ement In the context of diagnostic Imagi particulath for limrted resource setungs, and to publlsh the useful results of yJ¢h research. The trustees have paid due regard to gutdance Issued bythe tharity Commisslon In deddin8 what attwltiesthe charity should undertake. SlrnleBlc Report The description under the headings "Achievernents and performan. and 'Finan¢ial review. meets the company law requirements for the trurtee5 to present a strategic rew>rt. Achlevements and Performance ReW of Actl¥ltles and Future DÈvelopments Introdurtlon Demand for the WWR ran8e of services has Continued to grow as we progressed through the nnancial period from Detember 2023 to March 2025. Visibllkty and reco8nirion of the oryanisatlon and tts wor alg) rnntlneS to grow in the professional RadKilo8y community, allowing us to draw on an ever larger neiwork of sUPPOrters and expert volunteers. In line with the above. oui key Point of Ca Uftrasound and Radld08y programs in Ghana, hlalawl and The Gambia have contlnued to expand, along with our volunteer base. Importantly. the number of Inuntry vdunteers Irom our alumni and partnershlp networks 15 also irKrea%ng. lon8 us to continue delwering large Impa£t on patlent care at low marginal cost. Research collaborations in the field of Radlobgy and Point of Care ultrasound In our partner cr&untries showed Page14 Charlty Registration Number.. 1178885 Company Reeistration Number {En8land & Walesl- 11042080
WORLDWIDE RADIOLOGY: TRUSTEE'S REPORT {Contlnued) Browth In thls period also, wlth publicatlons In sdentiftc peer revlewed JoumaLs and academic pseta0S at rtation81 and internatKJnal conferences. Thls In tum has contributed to increased vislbility of Worldde Radiology and its work at policy making leve15, including at WHO and major funding institutions. such as Global Fund. In Ilne with oureurrent Strategic plan. this peri4 we focus5ed our org3ni5ational developmenton Improvement of our Monltcrln& Evaluation and Learnlng frarneworks. We successfvlly applied for professional pro-bono support from Costello Medical, a company speclalising in the anas1$. interpretation and communication of cllnlcal and health economic data and are hugely grateful fDr their supporL We alsD continue to be thanthl for the commitment and passion of all our volunteers, as they make a Malor and long lasting Contrib10n to improved atte55to medlcal imaging tests. Below wè hlghlight wme of the key projert aChIeMents duringthe financial period. ProBrarnme dell¥ery Polntolcure Ultrnsound Tmlnlng. 61Km• This perlod we wmpleted the fourth and final year of our ujrrent point of Ca ultrasound IPOCUSI tralnin8 PrrmMe In Ghana and were deli4hted to be able to suc£essfvlly pilot a new POCUS course specificallv targeted at child-health professlonals sn this last year. We tralned upa further 12doctors. bringingthe total to 40 since InPtIon of the programme in 2021. Increasin access to POCUS enhanced dlagnosls for8(KK) patlents each year. In line %ith our5trategic plan. we are Lvrtently in the prQeSS of a full programme impart evaluation. which will inforrn the nec POCUS programme cyde, together with our Ghanaian partners. The MaluwlRudlology Colktborathi Prwmme We continue to support the new Malawi post-8raduate RadkJlo8Y tralnlng programme, started In 2022. WWR Is the major partner of the Universrtydeliveringthis programme thmugh volunteer exwt education activities and fiindralsing support. Last perfod our remote educatlon team grew from I to 10 volunteers. Thi5 team of experts has now delivered numerous lomial lectures and case based teathlng sesslons overthi5 perK)d. a5 well a5 provided expert second opinions for complex patlent cases. Three volunteers also $e-fUnded v151ts for hand5-(sn 5k1115 trdinlng. Enabllng 6 trdlnee radiologists to perform image guided pracedures. such as biopsies and abscess drainages. The newly implernented pro-bono CT reporting service again grew frorn strength to strength, wth a totsl of approx. 5L)O paiients receiwng expert reports by Intematfional volunteers in the currÈht reporting period. A research study tD lUate Ehis prtrbono servtte has been completed and will be submltted for scientlfic publication. As the Malawi Ministry of Health implements its roll out of more and new Radiology equipment, ourTeleradSology pilot has attracted interest from the Ministry. Based on the succes5 of thLs rerte repOrtIng service. we have started a new pilot project at the hospital, in Collabordtlon wlth the Bri115h Sodety of Urogynaecology Radiology and Malawian Cancer Specialist5'. Setting up remote support for the Gynaecological cancer MullidisapliTrary team meetlng. Offering expert input to treatment planning for 5 complex patients every week. WWR continued to promde Technical Assistan to a rnbjor re5earth institute: The Malawi lfverpool Wdlcome Trust Clinical R&search centre. (deVelOpIng their 7-year core grant renewal work plan and Pago15 cha Reg(5tration Nurnber.. 1178885 Company Registration Number (England & Walesl.. 11042080
WORLDWIDE RADIOLOGY: TRusfEE'S REPORT (Continued) budget for Radiology, With amlxtions to ertend Radiology researd) capablllty in Malawl. The G•fftbltt Radlology Quolltylmpmsynllrl Existing Ilnks with another researd) centre. the MRC Unit The Gambla lat London Sthool of Health and Troplcal Medicine) were consolidated further, a5 we expanded oursupport forthe dinical team with a remote Radiology muJtl-discilnary meeting. Approximate 20 c5 are fiow shared every mnth for educatSonal and di28nostic second opinions. ToBetherwith ourpartnersat MRCwedeveloped linkswiththe Edward FrancisSrnallsTeathlng H05Pital to plan support and funding opportunitie5 for the new Radlobgy trainin8 progrnmme. Lever4lrE the Malawl experience and bringing Gambian Trainee5 into the teachin8 VOUPS. Events WWR'S CEO was invited to present a range of talks at the 2025 European Cong$ of RadiolDgy* a5 part of the In Focus theme on Ima8in8 in Global Health. Incre&sing awarenes5 Otthe CUrt imaglng gaps and increaslng visibllity forWWR and our programmes. WWR wra5 invtted to the UK Ima8in8 and Oncology Conference In 2024, rai5irE awareness and buildin8 professional and corporate network5 for supporL Fund1rt9 We continue to rely heavily the 8enerous donations from our inrTrang netWDrk of frfends, volunteers and SUPPOfters. However, in FY23 we were extrernely paSed to receive a second corporate 8rant from Ba¥er Ltd. ¢onveyin8 their on8oin8 trust in our progrdmme and tts ImpacL Community fundraislng femains an Important part of our income stream. and we would like to Sincere thank all of those throughout the year who have organi4ed Sponsored runs, walks and events across the country. The Bi8 Give was agaln a huge e¥enL raing key fvnds to support our 0gOIn8 POCUS training in Ghana. Flnandal revlew It was decided to change the accounting year end to 31 Marth to align with the financlal year. This has meant thatthe current period of accounts ts for 16 months from Decernber 2023 to March 2025. The comparative5 are for the yearto November 2023. WWR funding for both operational and field pro8rams is highly dependent on both donatlons and grant giving organi5ations. The latter aligned very dose to sperific proiÈtts that IMVR engage with and wll result in restrtcted sources of fund& Totsl Income for the period was £262K12023.. E95KI. Thls is broken down as fdlows.. unre5trlcted Income of £86K 12023.. £44KI restricted income of £176K 12023.. £51KI There are ongoing costs aslated wlth the Operat$ thit must be rnaintalned from unrestrlcted SoUS of nds. These costs relate to legal overslght, accountin8 servites, insurance premiums, communications, and supporl Total expenditure forthe pertod amounted to £218K12023'. £82KI. The Izrgest expenses were related to restricted projett act4¥ities £163K12023.' £47KI. Other costs induded: consultancylee5 E12K 12023.. £Nill 5t3ff costs £IIK 12023.. £16KI Page16 Charrty Registrats"Dn Number.. 1178885 Company Re8lstration Number (England & Wale51.. Ii¢J42080
WORLDWIDE RADIOLOGY: TRUSTEE'S REPORT (Contlnued) support costs Bovernance costs £28K 12023= E16KI £3K 12023: £2K) There was an overall surplusof E32Xon unrestrKtedfunds12023.. £8KI afbd £13K12023: £5KI on restricted fund5. There were transfers between fijnds to reujntilethefund FAlarKes andthls resulted In a net mvementof £IIK 12023.. £5KI out of unrestricted funds into the restricted fun(k. In summary. unre5ts1cied funds Increased by £21Kfrom £34K to £55K restricied funds incr&ised by £24Kfrom £13K to £37 Inyeslment pokv Aside from the reserves held, the $tricted funds are to be spent in the short term In accordan with the funders, requirements, 50 there are limited funds avallable for lo term investment. With a posltive cash flow the charity has taken the opwrtunity to open an instsnt ac55 dep051t aLrount in order to earn interest that wlll support the unrestrtcted adfvltie5. ReserwÈ5 poIKy There has been a full revlew of the Reserves Polky, and the following alea5 have Ien taken into account to build a resillent strategy.. Intome risk re5efve-to protertfalls in Income Worklng capthl SerVe- to maintain a positlve cashflow where N)ssIble 3. Opportunity reserve- nk)ni&sltlme/costs set aside for speculatlve bkts 4. Adversity reserve-for the'what Ir scenarios eg losing key staff. fraud, cybersecurity ett Cessatlon reseNe- to ensure all Ilablltlles can be dar8ed in the eventof the charfty closin8 and to close the charity in an ordeth and professional manner. y looknng atthe above areas the Board have agreed that level of unre5trirted reserves should be malntalned at £30K. unrèstricted re5er¥es at £55K12023: £29KI th(5 more than rneets the requirements of the policy. The reserves pollcywill be reviewed on a quarterly basis. Rlsk pollcy The trustees have assessed thè major risk5 to whkth the thaty Is exposed and are satisfied that systems are in place to mf(18ate exposure to the major risks. Plans for fure perlods In 2025 we will be cornpleting the evaluation of ourfirst POCUS programme cycle and workingwith our partners to develop the next strateglc perfod forthe POCUS progrdmme In Ghana. feedlng Into our wider organisational strategic review, due in March 2026. As we contlnue support for the Malawian Radiology training programme. we wlll further explore integration of The Gambian pro8ramme, dependlng on funding aWdilabilty- Meanwhile. conversats.ons with Malawi Ministry of Health wll explore expanding the volunteer led Teleradidogy servlce. as numerous new scanners are belng rolled out whlle Radiologist capacity is not yet fulty developed to manage these new serv1. As our programme5 are currendy focussed on Radiology specialist trainln8 and Polnt of care ultrasound for generalists, we recognise a gap in our offertn8when ttcomes to Radiography cèpacity development. This cadre Page17 Charity Registration Number.. 1178885 Company Registration Number IEn8land & Wales).. 11042080
WORLDWIDE RADIOLOGY: TRUSTEE'S REPORT (Continued) Is responsible for many imagtngseThlces outslde central h05Pitab and regularty reathe5 Outto WWRforsupport. Al the same time, radlographers from the UK and from parb)er countries are e)wresslng thelr interest to ¥Uteer for WWR. Bullding on existing infom1 Ilnks. 40 of our UK Radiography volunteers will therefore scope opportunities to pilot a penal new partnership Wth the U8andan Society of Radi(rapher We will ConnUe our work Trt the Clinital Research Support Unit at Malawi Uverpool Welcome Trust to RadioloRy Research capacitydevelopment for 2025- 2032. The Start4AII Tuberculosis Research project at Lfiverpool Schwl of Troplcal Medkine wlll be finalised, wfth dellvery of 8(Kl annotsted Chest X-rays of l1ren wrih sust*cted TB. for eernal developnient andlor tesfjn8 of Al Image analysis software. Ne8oU3tions on potential parUdpatlon In phase 2 of the rtudy are underway. We wlll tontinue to e¥pand our network of parts)ers and collaborators. drNing a growlng pipeline of hlghly quallfled voluntews. pro8rarn5 and potential funders. Finally. we recognise the need forthe orgaDiSatlon to review power baL2nce5 in our partnershlps and wthln the oryan1sation, In Ilne wlth the Current diahgue around relnventlng and decolonising Global Health. This comlng year we wlll provide education forteam rnembersand Work with extemal experts to (reate a plan of actlon that Is sultable and relevant to our or8anlsation to eW and improve our approath. Struthre. go¥emaMe and manazemeirt The tharitable company w35 inoxporated on tst Nownber 2017 in England and Wales and is 1Smlted by guarantee. It is governed in accordance with tts Memorandum and Articles dated 21stJune 2018whlch sets out thE objects. powers, board appointrnent pioce55es and membership. The organlktion is both a regISted company Inumber 110420801 and charlty Inumber 117S8851. Trustees The trustees have served durfn8 the year and 51nte the year end are set out bekjw. The Chalr shall be elètted annually by the trustee5 at their fitst meetlng followin8 the AGM. Trustees can beelected atAGM or by arry other method considered to be ettectNe and democratic. At everyAGM one-thirdof the electedtrnsteesshall retirefrorn Off£. AringtrU5tee is eligiblefor r¢.eleI0n. Mr DT Haye5 Ichairl Ms P Alionyte (resigned 31° May 20241 Drj Connollv Mr PDB Cornejl Dr GS Dodge Dr R Dve(lI Recruiimtntand appo&rtmeTrt of trustees The companvsdlrectors are also the¢haritytruStfOT tharfty law purp05e5, and underthe eompanvs artides are known as the Board of Trustees. Thé Artldes detem)ine that the Board 15 made up ot a mlnlmum of 3 trusttts with up to 9 elected trustees In total. There can be an additional 3 coopted trustees. seletted beca$Èof the partlcularski115 or experience they may bri to the management of the tharity. IndIon and trnlnkn8 of trustees Page18 arlty Registration Number.. 1178885 Company Re815tration Number (England & Walesl.. 11042080
WORLDWIDE RADIOLOGY: TRUSTEE'S REPORT (Contlnued) As part of the reuuitment of new trustees, therè Is an Inductlon process, incorporating uNder5tsnding of the work of the chodty, the role and responsibllltles as a trustee and good govemance. An Irhformatlon pack is provlded induding trustee role description. copie5 of the Artide5 of Assoclation, latest flnancial statements, pollcies and otherguklance. Senlor management The senlor manageTht team conslsted of the non-salaried CEO Ms E112abeth Joekes remunerated on a part- tlrne contract basis. Nil MneratIOn was pald to Ms Joekes for operational work12023.. £NIII. Paula lnYte was remunerated, on a part-time contract basis for operational supportamountin8 to £IL01312023.. £6,919). CondudlnK remarks We remain ple¥sed with our Continui progress this extended year on several fronts. We have contlnued to grow our programme5 and volunteer base and are exploring diversifying our offer to a new group of Imaging professionals.Wesee grantfundlng contlnue to grow as a propurtlDn of ouroverall Income stream, and partners continue to look for ways to engage with us or to extend existing collaboratlons Into the futu. We contlnue to see evldence that the fiekl of Itnwng diagnostics 15 being Increasingty understood to be 3 vitsl element of care in low resource setttngs. We have made the planned Strides in developing monitoring and eydluation tools and in strengthening our funding atrOM7 dUrithIs year and will continue wlth thls work as a prfority, to align wth our lon8-terrn goaLs of sustainability. In addition. we have significantly Strengthened our operational human resour capadty. to allow ovr prcernmmes to grow and for fundrdislng and ommunications to IkJuri5h. As noted both last year and before: we have reasons to CL¥rtinue to be optImC as an organisation. but we cannot be complacent as there is so much more that needs to be done. Pthllc BenefftstatemÈnt The trustees confirmed thatthey have complied 7fvhth the duty In section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidanceon putAic benefit"Chartiies and Public Benefiff. TheTrustees' report, Indudlng the strategic repo¢ w3s appr(1 by the Board of Trustees. DT Hayes Chair Dateé: I( October 2025 Page19 Charity Registration Number. 1178885 Company RestratIon Number IEThgland & Walesl- 11042080
WORLDWIDE RADIOLOGY: INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES I report tDthe trustees on my examination ofthe finandal statements of Woddwlde Radiology (the charity) for the perfod ended 31 Marth 2025. Re5pOlbIllt1e5 gnd basis ol report As Ihe charity trustees of the company {and a150 tts dlrectors for the purposes of company lawl yw are responslble forthe preparation of the accounts In accordance wth the requÉrements of the Companies Act 2006 I'ihe 2006 ACVI. Havlng satlsfied myself that the flnandal stsiements of the charity are not required to be audlted under Part 16 of the 2006 Act and are ellgible for independent examination. I report in iespect of my examlnatlon of the charitrfs fmancial statements carried out under section 145 of the U)ariries Act 2011 lthe 2011 Actl. In carryin8 out my examlnation I have followed all the applICab Dlrecllons gfven bythe Commission under section 14515llbl of the 2011 Act. Independprrt examlnevs slatement Since the companls gross income exceeded £250.orKI your examlner must be a member of a body listed in sectlon 145 of the 2011 Art. I confirm that l am qualified to undertake the examinatlon because l am a member of the Institute of Chartered Accountants in England and Wale5. which is Dneof the Ilsted bodi I have completed my examination. I confimi that no matters have corne to my attentn In connecLIDn with the examlnatlon givlng me cause to believe that any material res a¢¢ounting records were not kept in respert of the charlty as requlred by secth)n 386 of the Act: or the flnancial statements do not accord wlth those records,. or 3. the financlal statements do not compty with the actountin8 requirements of sertion 396 of the 2006 Att other than any requirernent that the accounts give a true and fair view which is not a Matter considered as part of an independent examina0,. or the flnancial statements have not been prepared in accordance wlth the methods and prlnclples of the statement of Recommended Prattl for acGDuntinE and reporting by charftles appllc3ble to charltfjes preparingthelr atcounts In accordance with the finanaal Reporting Standard applicable Én the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters In connectlon with the eyarnination to which attention should be drawn in this report in order to enable a proper understsnding of the financlal statements to be reached. 8)14 <4 P L Grlfflths FCA DChA Mitchell (hadesworth IAuditl Lirnited 14th Floor The Plaza IQO Old Hall Street Llverpool L3 9(y Dated.. 12 Novembgr2025 Pagel 10 Chaflty RegistratK>n Number.. 1178885 Company Re8i5tration Number (England & Wales): 11042080
WORLDWIDE RADIOLOGY: STATEMEKf OF FINANCIAL ACTIVITIES In¢luding the INCOME AND EXPENDITUREACCOUNT FOR THE 16 month period ENDED 31 MARCH 2025 nd5 fund5 Total fvnds Unrestrirted fund5 Restrkt•d funds Totsl funds Income abxl endowmeftts frorn 202$ 2023 2013 2023 DOaOn5 and legacies Charitable acttvltles 77,8TJ 114,676 43,262 9,885 53,147 96,632 96.632 23,600 23,6LK) Other Income 6.737 42.752 49.489 17,776 18,076 Investment income 1.417 IA17 Totsl Income 86,027 176,187 262.214 43,562 51,262 94,824 Expendlture on Charitsble actle$ 53.995 163565 217,560 35,140 46,642 81,782 Net hKome 32,032 12.622 44.654 8,422 4.620 13.042 Transfers btheen funds Ili,tMO} 11,440 15,51Y)I Net movement In funds Openlngfvnd balant4 17 20,592 24. 44,654 2,913 10,129 34,322 13,172 47A94 31.409 3.043 34,452 Closing lund balanca 17 54.914 37,234 92.148 34,322 13,172 47,494 The staternent of financial actNities Indudes all gains and losses recognised in the year. All income and expenditure derlve from continuin8 activlt6e5. Thestatement of financlal actItIeS alsocomplles withthe requlrementsforan income and expenditure account underthe Companles Art 2006. Pagel 11 arity Registration Number: 1178885 Company Re8iStrntion Nurnber IEn8land & Walesl.. 11042080
WORLDWIDE RADIOLOGY: BALANCE SHEEfASAT31 MARCH 2025 Fl¥ed assets 2025 2025 2023 Tangie assets 13 7.092 4,154 Current assets Debt¢Ns 14 30.681 12A76 Cash at bank and in hand 71.281 38,209 107.962 Credltoth. arnount5 fzllkng due wlthln ona year 22306 7,345 Net turrent 3S5ets 43,340 Total as5et5 less turrent Ilabllltles 47,494 92.148 Funds Re5trkted funds 17 37.Z34 13,172 Unrestricted funds 17 $4.914 29,332 92.148 47A94 The tomEKny b entitd to the exernpbon from thezudrt reoulrement contained Insertion477 of the Companles Act 20(%, for theperfod ended 31 March 2025. The directors ackn¢wlÉ(J8e thelr re5ponsSbllwtles for¢0mpngwth the reqUIretsOfthe Companie5Act wlth re5pertbJ accounting records and thepreP¥a0n of fina[al slaternents. The members have not required the o)mpanyto obtsin an alIE0f its financial statementsforthE year In otsestlon In acoydancewth 5ertlon 476. These flnanclal statem$ he been prepared In artordancewith the provisions applicable to compaDles 5uWectto the Small companles regime. The financial statsments wereapprobtd bytheTnL51ee5 on ioth ottfjber 2025 DT Hayos ¢holr Pagel 12 Charity Registration Number- 1178885 Ctynpany Registration NuMr IEngLHnd & Wales).. 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIAL STATEMEKfs FOR THE PERIOD ENDED 31 MARCH 2025 A(tountln8 polkles tharlty Inforniatlon Wor1lde Radlobgy b a priatr company limited by guarantee in¢orpornted in England and Wale5. The reglstered offi is 6 Hope Place. LNerpool. Mersoslde, Ll 9B6. Ac¢(wntln8 conventlo The finanaal statements have been prepared in accordance with the chariW5 Memorandum and Artlcle5 of Association, the CompaniesAct 2C(6 and'AccountinE and Reporting by Charities.. Statement of Recommended Practice applltable to charitie5 preparing thr accounts in accordance with the Financial Reportin8Standard applicable in the UK and Republic of Ireland IFRS 102) leffettive l January 20191.. The charity is a Publlc Benefft Entlty as defined by FRS 102. The charV has taken ad¥ants8e of the provlsi¢)N% in the SORP for dwr¢ties applying FRS 102 Update ulletln I not to prepare a Statement of Cash The financial statements are prepared in sterlin& whith is the fvnctional currency of the tharity. Monetsry amounts In these ffinantrdl thtements are rounded to the nearest £. The flnandal statemènts have been prepared under the hlstorical cost conventlon. The prfnclpal accountlng polldes adopted are Set out below. Golng concern Atthetimeof approvlngthe finHndal starements.thetmstees havea reasonableexpettation thatthe charmy has adequate resources to contlnue in OPerath81 existence for the foreseeable luture. Thus. the trustees ntinue to adoptthe goingconcem basi% of ac0)u1n£ In pr4)arine the ftnan¢lal Stemen Income Incgtne is recoBni5ed when the charity is legalty entTtled to r( after any perfOrnian condicion5 have been met. the amount5 can be measured rellaNy, and it is probawe that inrne will be TtceNed. Cash donath3nsare rewgnised on rlpl1)therdoatK)n$arec0I$ed On the ¢harfty hasbeen notffied of the donatlon unless perfonnante condilions require deferral of the amount. Income tax recoverable In relatlon to donations recdved undQrGiftd deedS of covenant Is re())EnTsed atthe tlme of the dona0. Le8acles are recognlsed on re¢eiptorotheNtserfthe thaTity has notfjfied of an impendwbB distrfbution, the ?rn¢yJnt is known, and recapt expected. If the arnount rKt known. the legacy b treated as a o)ntingent asset. No amount Is induded in the a(£ourts knv0rrteerUme In Ilne withthe SORP IFRS 1021. Page | 13 Charity Rl$tratIOn Number.. 1178885 C4Mnpany Rè8iStration Number (England & Wales).. 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 20251Continued) Accounti powe5 {(ontlnuedl Expendlture l expenditure Is accounted for on an acuuals ba%ls and has been classified undèr headlngs that aggregate all costs related tothecategory. Expendlture b recognlsedwhere there 15 a legal or con5trurtive obllgation to make payments to third partles, It b probable that the settlementwill be requlred. and the amount of the obligation tan be measured rellaty. It is categ0ri5ed under the followins headin8S- Costs of raising funds include5 Investment management fee5. Expendf(ure on Charitab 3ciNitles Indudes cost of prOwd1 financlal support to those in need. Otherexpendtture represents those stems n(rt falling Into the categorfes above. Irrecoverable VAT is tharged as an expense aKdin5tthe athity for which expefftdtre arose. Supp)rt costs are those that ass the work of the charlty but do not drert represent charltable actlvltles and include governance costs and other admlnlstrative costs. Tlw are Inrred directly i support olexpenditure on the objects of the charity. The analysls of ihese costs ts included in note 8. Tanglble fixed assets Tangible fixed assets are Initialty measured at cost and subSequenY measured at C05t or valuation. net ofdepredation and ary Imwdlm)ent losses. Depreciatlon is recognised to writè off the cost or valuation of assets less their residual values over their useful lives on the followin8 bases: Medical equipment IT equipment 20% per annum 20% perannurn Impalrment offlxed assèts At each rewrting end date, the chartty reviews the carrylng amounts of its tsngible assets to detemiine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exlsts, the recoverable amount of the asset is estlmated in order to determlne the extent of the Impairmerrt loss Ilf anvl. C4sh and equl¥alents Cash and ¢ash equivalents Indude cash in hand, derxisits ld at call wlth banks, other 5hort-tenn liquid investments wlth orlginal maturitie5 of three months or less. and bank overdrafts. Bank overdrafts are Sho% wtthln borrowlw in current liabilllies. Fknan¢lal IrrUrnents The chartty haselE*ted toapptythe provtsfon50f Secllon 11 Yaslc FinafKlal Instruments. andSe(tion 12'0ther Flnanclal Instruments Issues. of FRS 102 to 311 ol tts finandal Instruments. Flnancial Instruments are recogni5ed In the charlty's balan sheet when the tharity becomes party to the contractual provisionsof the h)stNment. Page114 Charity Registration Number.. 1178885 Company Rltration Number (England & Wajes).. 11042080
WORLDWIDE RADIOLOGY: NOTES TOTHE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Continued) Accounthg polkles (contInU) Flnanclal Instruments Iconthwd) Flnan¢lal asset5 and liabilities areoffseL with the nEt amounts presentÈd Inthe financial ststements, when therE 15 a legalty enloeab1e ri8httO Set off the recf4nlsed amount5arbd there is an Intentnto settOn a net basls orto reali5e thea55et and settle the liability 5imukaneoLLSty. B35kfmrKknI assèts Basic financial assets, which indude debtors and and bank balances. are inlUalty Meured at transartion price Includlng transartion costs and are subsequertty carrled at amorti5ed cost using the effeCte interest method unks5 the arrangement constltutes 3 financing trdn5action, where the transactlon Is measured atthe present7fdlueof thefuture reIpts discounted at a market rate of interest. Finandal assets da5sified a5 receivable wthln year are not amorttsed. ImpalMNt olflnanthl assets Flnanclal assets. other than those held at fair value throu8h income and e%nditure, are assessed for Indltatrirs of Impalrment at each reFrtIng (late. NnancL41 assets are impalred wherè there is objettlve evldence that. as a result of one ormore events that cKcurred alLerthe initial recognltion of the financlal a5se( the estirnated future cash flows have been afferted. If an asset15 impaired,the Impaiment Ios5 is thedifference between thecarryingamount andthe present valueof the estimedcash flows dlscounted atthe assofs onnd1 effective interestrate.The Impalment Ioss 15 reco8nlsed In net irncomellexpenditurel forthe year. If there Is a decrease In the Impaimertt bss arIng from an event occurrfng after the Impalrment W3S reco8nised, the impairment reversed. The reversal is such that the ujrrent rrying amount does not exceed what the carryin8 amount would have been. had the impairment not prevlously been recogned. The Impalrment reversal Ls recognlsed in net incomellexpendlturel forthe year. DerÈco8nltlon of fknanclal 455ets Financial assets are derecognised ontywhen thea)ntractual rights tothe cash flows fromthe asseteKplre or are settled, or when the charitytran5fers the finanoal asset and substantially all the risk5 and rerdrds of owmershlp to another entity, or if some signtficant risks and rewards of ownership are retsined but tontrol of the asset has transferred to another party that is able tD sell the asset in its entirety to an unrektÈd third party. B051c finan¢lal Ilabllftles Basic finanual liabilities, Indudlng Lyeditors and bank loans are inttialty recognised at transaction prtce unless the attangement constitutes a financlng transaction, where the debt instrurnent is measured at the present value of the future payments dCounted at a market rate of interesL Finanoal liabilttles classllled as payablewihin one year are not amortlsed. Debt instruments are subsequenty carried ataMortI LWt. using the effectwe Interest rate method. Trade credltors arèobliBat1o to payfor8cK)dsorseNces that have been acquired inthe ordinary covrse of operationsfrcm 5upplier5. Amounts payable are tlas5ified ascUent liabilities if payment is due withln Dne year or less. If no( they are presented as non-current Ilabilities. Trade credknn are recognised Inltially ai transartion price and subsequently measured at amortised tost U5in8 the effertlve Interest method. Pagel 15 Charrty Registration Number.. 1178885 Company Re8i5trdtion Number (England & Walesl: 11042080
WORLDWIDE RADIOLOGY: NOTES TOTHE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Continued) Ac(ounttn8 poll¢les (contlnuedl Derets)8nltlon of lknand•l Itabltle5 Flnanclal1Sabilrties are derecoenil when the charttfs contractual oblbEation5 explre or are discharged orcancelled. Taxatlon The charity is an exempt charty within the meanin8 of sthedule 3 of the ChareS ALt 2011 and Is consided to pass the tests set out in Paraaraph I Schedule 6 FinarKe Act 2010 and therefore it meets the definition of a tharitable company for UK corpor3tfion tax purposes. Employee bÉnÈflts The c05t of any unused hgliday entItlent b recognlsed In the perHMI In whlch the pmploye¥s service5 are recefved. Terminaiion beneffts are re(xwlsed ImmedlY as an expense when the charlty i5 demonstrab cornmttted to terminate the employment of an ernOyee0 to provide termination beneftts. Retlrement ber Payments to defined contributlon reurement benefft schemes are charged asan expernse astheytsll due. Fund a¢tountsng Llnre5tricted funds can be in accordance with the charltable objectives at the di5trthlon of the trustees. Restricted funds can only be used for particular restricted purposes withln the objects of the char. RestrlctK*nsarisewhen spec(fied bythed0nororeTh fundsare raised forparticujarstI1Cted purposès. Further explanation of the nature and purpose of eath fvnd is included in the notes to the financial statements. 2. Comparatt¥e Flyre5 The accounting year has been thanged to 31° March. For this turrent perfod the accounts are forthe 16 month period to 31- March 2025. the comparatives are for the yearto 30 November 2023. 3. Donatlom and leIe$ Unrestrld¢d Restrlcred funds nds Total funds ld5 funds 2025 2023 2023 2023 Donation5 77.873 36.803 114.676 43,262 9,885 53,147 Pagel 16 Charlty Registration Number.. 1178885 Company Retstration Number (Engnd & Walesl.. Il¢)42080
WORLDWIDE RADIOLOGY: NOTES TOTHE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Contlnued} 4. Charttable artlTAlles Total nds Unrestrl¢ted nds Restrfrted fvnds Totsl ld$ ds 2023 2025 Grants reWate %.632 96,632 23,600 23.600 Unrestrfcted funds Unwstrkted funds Restrlcted funds Total fvnds fund5 fvnds Grab)ts recelvab IdÈtallÈdl 2023 2023 Z023 POCUS Etho Studv POCUS Ghan 2024-2025 3.289 3.289 26.833 26A33 20,IK)D 20,000 5t?rt4AI 66510 66510 ARCS ultrasound reviews 3,600 Total 96,632 96.632 23.600 23,600 S. Other Int4%ne Unre5ts1cted Restrlct•d funds ld$ Totsl funds funds funds 2025 2021 2023 Other Income 6,737 42.752 49.489 17,776 18.076 6. InTRStment Income urtrknd Rtsthcted fund5 nds Total Unrestricted lurtds Restrlctèd funds Total fvnd5 2023 2023 202> Pagel 17 Chartty Registration Number.. 1178885 Company Reglstration Number (England & Wales): 11042080
WORLDWIDE RADIOLOGY: NOTESTOTHE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Contlnued) Bank Interest IA17 1,417 7. Charhable zctkrylies Total fd$ Unrestrltted lunds Restrlrted funds Totsl funds fund$ funds 2025 2023 2023 2023 Staff tosts 10,586 15,620 26,206 16,287 930 17,217 Consukancy fees Travel and sub515tence ITTeleradlolo I11 80.255 91.766 18,264 18,264 26.729 26,729 67 9.080 9,147 14.765 14,765 6,114 6,114 Tuition 5UPPOrtifraining Registrdtion documentation 7,656 7,656 6,(KJO 6,000 186 Publlcauons 2.748 2.748 865 865 Trainin8 Costs 1.545 1,545 Support costs 29,138 38.721 I518 5.389 21.907 Govemance costs 2.760 2.760 2,082 2,082 53,995 163,565 217.5EO 35.140 46,642 81,782 8. Support Costs Totsl funds Total fvnds zo FundralsiTr8consultsn£y 11363 6,226 Marketln8 & comms cos 9.533 1,740 Actountancy and payroll 10.242 2.639 rr software & hardware 2.136 2,960 Depreciatlon 1,938 1,343 UKTravel & sub5tstence 1,338 307 Bank fees 200 Admlnlstratlon costs 527 5,800 Professlonal deVelOpnt 7SQ P8g8118 Charity Registraticin Number.. 1178885 Company Re8iStrdtion Number IEngland & Walesl: 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Continued) Surplus on dlsposal of fixed a55et 1581 38,721 21,907 9. GOnan costs Totsl fvnds Unrestrlrted fvnds Total fvnds funds 2025 2025 2023 2023 Independent examination fee 1.572 1.572 1,380 1,380 Insurdnce 1.154 1.154 639 639 Regulatorfees 34 63 17EII 2,760 2,082 2,082 10. Trustees Durlng the year none of the trustees receNed any remunerdtion ortravel experk4es. 12023.. NIII. Ms Paula Allonyte Wd5 a trustee until her resignati on 31° May 2024 and Is also a dlreetor of Flow Strategies knmited that provides operathnal. marketing and fundrainE support. Durin8 the term Df belng a tnjstee from I. December 2023 to 31° May 2024 Flow Stratewe5 received payments for professlonal semces provided to the organisation tothe value of £9.(iXI.12023.. £1,(MII. The transaction with FlowSirate8ies Limited was done at length and wa$ 3rvro¥ed bythe Board. Trustee Reena Dwivedl contracted forspecialised consultancy work on the Madayascar Buborhic prague S(. Ms Dwivedl received £6,66212023.. £1,308) for these seNce5. This work vras done at arm's length and was approved bythe Board. The Board werè èwarè of the potential conflirt5 of interest for both trusteos, and It was agreed that the trustee would wlthdraw from any discussion of the trustee5 which had any bearinE on the terms of the aBreement or the acceptalmlity ofthe standard of se provided. 11. Employèes Numberol employee5 The average monthly head count wa$ 0.75 12023.. 0.51 and the average monthly number of full-time equNalent employees during thear was 0.5312023.. 0.51. Key rnana8ement personnel weContraCted and recewl £11.01312023: £4,637) for professK)nal service5. Pagel 19 Charity Registration Number.. 1178885 Company Rewstration Number (England & Walesl: IILk12080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Continued) Empl¢)wnent ¢osts 2025 2023 Gr055 5alarles 24.( 15,781 Penslon costs 749 506 24,749 16,287 No employees received remuneration In CesS of £60.(K¥)12023.. Ntsnel 12. Taxatlon The charity Is exetnpt from tax on income and galns fallln8 wlthin secbon 505 of the Taxes Art 1988 or sectton 252 of the Taxation ol Chargeabte Gains Act 1992 to the extent that these are applied to its charitable oblects. 13. Tangible tixed assets M¢dk•l equlpment Total IT equlwènt At l December 2023 3.829 2,984 6.813 Addltions 4.147 729 4.876 Disposal At 31° Marth 2025 7.976 3,713 11.689 Deprknn and Impaknienl At l December 2023 1.753 2,659 Disposal ChgrEe forthe year 1.021 917 1,938 At 314 March 2025 2.774 1,823 4,597 Net book Value Page | 20 Charity Registration Number.. 1178885 Company Re8istratyon Number IErn8land & Walesl.. 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIAL STATEMEfrifs FOR THE PERIOD ENDED 31 MARCH 2025 (Continued} At 315t March 2025 5.202 [8 7,092 At 30 N0veber 2023 2.076 1078 4,IS4 14. Debtors 2023 Trade debtors 25.506 11,351 Accrued income 1.417 Other debtors 65S 773 Prepayments 3,103 351 30.681 12,476 IS. Credltors: amounts fallnKduewlthln orteythr 2023 Trade creditors 18.885 3,879 Other credltors 1.591 Accruals 2.430 3,466 22.906 7,345 16. Retlrement benfft stheme The dharity operate5 a defined contr1on pension 5therne for all quaffying employees. The assets of the scheme are held SeparatefrOM those of the charityln an Independenttyadminkstered fund. Contr)ukn5 plyable to the pension scheme are tharged to the Ststement of FInancl ActIvleS in the period to whlch they relate. fv tharge forthe period was £74912023- £51. Page | 21 Charity Registratknn Nurnber: 1178885 Company Rewstration NumberlEngland & Walesl.. 11042080
WORLDWIDE RADIOLOGY= NOTESTOTrIE FINANCIALSTATEMEMfs FOR THE PERIOD ENDED 31 MARCH 2025 (Continued) 17. Yo tur5. Lwrerrty Balance at i Oec 2023 lThcom Expended Balance at 31 Marth 1025 Transfers Unrestricted funds 34.322 86.027 153,9951 111,4401 54,914 Restricted funds.. Uttrasound & IT fund 2,649 11.2991 1,350 POCVS Ghana 21J13 11.051 110,8581 11931 POCUS Ghana 2024-2025 64,624 158,5131 7.771 POCUS Ghana 2025-2026 Prolect Malawl 2023-2024 15281 9,120 112,5641 3,972 Project Malawi 2024-2025 9,052 110,0521 LO(KI stsrt 4AJI 66,511 154.5911 11,920 POCUS Echo Study Radiol¢)6v Capaclty DelopMeNt. The Gambla 3,289 13.2891 WR Study Day May 2025 1528 14381 1,09D Madagascar Bubo Study 6,663 16.7381 1751 Malawi QECH 5.IxKI 15.2231 12231 Total ,172 176,187 116356il IiA40 37,234 Ultrasound and tTfvnd- a trustee has provided fundsfor the purchase of ultrasound equiprnent and IT tablets for training purposes. POCUS Ghana 2023- Point of Care Ultrasound tralninE to d£tOrS In Ghana. with tas1onal partldpants from the wlder African Region. Flrst stage of the 3 year PTogramme runningfor3 yea from l Marth 2023 to 28 Feb 2025. Page | 22 Charity Registration Number 1178885 Company Rewstration Number (England & Walesl.. 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIAL sfATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 (Contlnued) POCUS Ghana 2024-2026- Point Of Care Ultrdsound training to doctors in Ghana, with occaslonal partlclpants from the wider Afrkan Re8lon. Second phase of the 3 year programme runnin8 for 3 years from l Marth 2023 to 28 Feb 2025. Courses run forAdult and Paedlatrlt POCUS. Project Malawl 2023-2024 running fromjanuary 2023 tojune 2024- Malawl Radiolobry Collaboration Project brlngs tO8ether WWR with three oryanisatims based in Btsntyre, Malawl wlth a shared interest Sn Imprwng ac5 to Dlagnostlc Imaglngtestsfor patient5 in PAaiawl. Prolett Malawl 2024-2025 running fromjuly 2024 to September 2025- mala Radlology Collaboration Project continui as above. Start 4 All runningft>r 17 months to lune 2025 wlth a total budget of £97K. Taking action for TB dla8nosls and worklng in conjunction with the Research group at LerpOOl School of Tropical MedKine. POCUS Echo Study- a stsnd-alone Stu to SUPPOrt Ben Porter In collectlng datra from 190 questIonnal for subxiphoid echDEardio8raphy case5. FInand by a grant fvorn the Royal 5oclety of Troplcal Mediclne and Ftyglene. RadlolLl8y Capacity DeveloFTrment: The Gambia- fuNlin8 recelved from the London School of Hyglene and Tropical Medlclne and Ra(rrÈath to cover theTderad[Q8Y costs for Imaging in Gambia and to support radiob8iS WWR Study Day-belng held in verPOol on 15 May 2025 with the costs bein8 covered by attendance fee& Study day on Irrfethious Diseasè5 and DiagN)5C Imagin8 in Global Health. Madagascar Bubo study- a prospecb¥e cohort stuty. SFthsored by UnNersity of OxFord. to describe the morphology of buboes in patients wrth bubonic plage usinE ultraswnd imaglng. Malaw QECH- Implementadon of Gynetologlcal Expert Radiolowst MDT Support for Queen Ellzabeth Central Hospital IQECHI, Malawl. Co¥erlng 3LK) ca5e5 over lyearand funded by British Society of Urogenltal Radiology IBSURI Total lunds: PmA5v0ar BalancÈ at Intomlng Expended Balance at 30 Nov 2024 Tran5fEr5 Unrestrltted fund5 31,409 43562 135.1401 15.5091 24,322 Ukrasound & Thfund 3,043 13941 2,649 ARC5 ultrasound Te*ivws 13601 13.2401 Page123 Charity Règlstration Number.. 1178885 Q>mpany Registration Number (England & Wales): 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIALSTATEMENTS FOR THE PERIOD ENDED31 MARCH 2025 {Contlnued) Madagascar Bubo stu(ty 11.3081 POCUS Ghana 2023 21.684 121.6841 POCUS Ghana 2024 28.881 117.8301 11,051 PrOtt Mala 16.468 116.9331 1631 15281 Total 3.043 SL262 146.6421 13,172 Ultrnsound and Wfund- a trustee has prowded fijndsfor the purchaseof ultrasound equiprllent and IT tablets fortraining purposes. African Re5earchConsortlum on Sepsis IARCSI-The National Institute of Health Research INIHRI Global Fund supported programme is hosted bythe Lrverpool SdK)ol of TropKal Medicineand delivetraIn{r58 and research support at three srtes in Gabon, MaLiwl and Uganda. POCLIS Ghana-Point of Care Ultrasound trainlng to doctors in Ghana. witti occasional partlcipants from the widerAfrlcan Rewon. RsJnnln8 for 3 years from l Marth 2023 to 28 Feb 2025. Grants recelved.. Bayer AG £18.() Bursaries for Heafth PartnL¥ships £3.684 19. Analysls of net assets lJeiweenfvnd5 Fund balan5 at 31 March represented Totsl lunds Unrestslrted Re5tr1tted fund5 funds TotsS funds funts 2025 2023 20 Flxed assets 1,594 5.498 7.C82 1,505 2,649 4,154 Cuent assets 60,969 Cuent 46,993 107.962 38,036 12,649 $0,685 17.6491 115.25 122.9061 15,2191 12,126 17.3451 Totsl 54,914 37.234 92.148 34,322 13,172 47,494 20. Related partytransartlons Pag8 | 24 thirity Reglstrdtlon Number.. 1178885 Company R*'StratiOn Number {Enand & Wales).. 11042080
WORLDWIDE RADIOLOGY: NOTES TO THE FINANCIAL STATEMEpifs FOR THE PERIOD ENDED 31 MARCH 2025 (Continuod) Donations of £1.2CQ were received from trusteesduringthe year12023'. £1.0151 as part of the 202 Bi8 Ge Campal8n. The were no other related partv traaCtIonSdurin the year12023: Nil) Page125 Charlty Registratron NUrnb.. 1178885 Company RtraOn Number (England & wa1. 11042080