Charlty numbèr.. 1182677 INTERSURGEON UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
INTERSURGEON CONTENTS Page Reference and administrative details of the Charity. its Trustee5 and advisers Trusts8s' rnport Ind•p•nd•nt •Mmln•rfs r•port Stat•m?nt of financlal actbvlti Balanc• sh88t Not•$ to the fln•n¢lal $tstsm¢nt• 9-12
INTERSURGEON REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trust•8s Mrs P Harkness Mr CGL Hulbert-Powell Mr J Johnslon Sir TD Wilson Mr RG Billbns Charlty rogl8t•rod number 1182677 Prln¢lpal offl¢e P8ngn)vo Bo(Jmin PL30 3HZ Accountants Calder & Co Chartered A¢o)untants 30 Orange Street London WC2H 7HF Page 1
INTERSURGEON TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report tOger the financial ststements of the Intersurgeon ICIOI for the 6 April 2023 to 5 April 2024. Oblectbves and advltl•s •. Pollcl•s and obJactlY•s The tharity w8s estsblished for the thancement and the saving of lives by creating inlemational medical collaborations through an electronic Frta1'InteIsUrg0on'. b. Actlvltl•• undertakon to achleve obJectSve• The"InlerSurgeon"platfomi has been made accessible globally and is intended for all those who need additional Surgical care and professional edu¢ali¢N). For Charitable purposes in one or more of the following ways.. 111 Collaboration in clinical care., 121 Collaboration in leaching and training.. arKI 131 To help in the provision of medical equipment to those in nJ. c. Maln a¢tlvltl•8 und•rtsk•n to further th• Charltys purpos•s for th• publ1¢ nt The Trustees are conscious ol the Charity Commission's stanee on public benefil and are satisfied that the charity has Carried out its acliviliès during the financial yoar consistgntly with its purpose, with due regard lo the Charity Commission's pU1C tjenefit guidance. Achl•v•m•nts and p•rfornianc• . K•y p•rfornianc• Indlcators Income 01 £66,19412023'. £17,911 was received during the year. The trustees wll uts'lisa the incLJme received to achieve the charitys principal obieclive Sel out at*)ve. Flnanclal revlow . Golng conc•rn After making appropriatg enquirios. Ihg Trustg9s hav8 a rgasOnaQ expectation thal thg Charity has adgquato resources to conlinue in operatnal existence lor the foreseeable fulure. For (his reason, they conlinue to adopt the going concem basis in preparing the financial statements. Further details regarding the adopb'on of the going concern basis can be fourKI in the a¢counling policies. b. Reserves pollcy The Charills only assel is cash held al LI01S Bank. The Truslees believe that by building the cash reserves they can continue to operale in pursuit of its charFlable oty'ecveS in ihe event insufficient income is generated. Page 2
INTERSURGEON TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 Structurè. gov•mance and manag•m•nt a. Canstltutlon Inlersurgeon is consliluled as a charitable incorporated organisab'on. The govemlng document is tho CIO- FOundatn Registered 28 March 2019. The foun(latK)n gaineil charitable $iatu$ on 28 Mar¢h 2019. b. Mothods of appolntmonl or •l•¢tlon of Tru$tso$ The man8gemenl of the Charity is the Sxin$1bi1¥fy of the Trustees wfK) a elecled and co-opted under the terms ol the governing document. ¢. Flnancl41 rl$k manag•m•nl The TrLJslegs havg assessed the major risks lo which the Charity is exposod, in particular thoso related lo thg operations and finances of the Charity, and are satisfied that syalems and procedures are in place to mitlgate our exposure lo the major risks. Fund• held •• ¢u¥todl•n There 8r8 no funds held as cuslc*Jian for othèr p8rties. Statement of Trustee•. r?sponslbllltle8 The Tru5tses are responsible lor preparing tho Trustees. reL and the fin8nual statements in accordaneè with applicable law and United Kingdom Accounling Stsndards IUnile(l Kingdom Gener81fy Acc8ple11 Accounllng Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statemenis for each financial which give a true and lair view of ihe state of affairs ol the Charity and of its incoming resources 8nd application ol resourctrs, including ts income and expenditure. for th81 period. In preparing th888 financial $tatemgnts, thè Trustg8s arè rgquir8d lo". sèlect suilabla accounting policies and Ih8n apply thom consistontly.. observe the method5 and principles of the Charities SORP IFRS 1021., make judgments and accounting 8Stimales that afe reasonable and pnjdent.. state whether applicable UK Accounting Slandards IFRS 1021 have been followed, subiecl lo any material departu$ disclosed and explained in thg financial statemgnts; prepare the financial siatements on the going conrn basis unless it is inappropriate lo presume that the Charity will continue in business Page 3
INTERSURGEON TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 The Tnjstees are responsible lor keeping adequate accounting records that are sufficient to show and explain the Charitys iransactions and disdose with reasonable accuracy at any ijme the financial position of the Charity and enable them lo ensure that the financial ststements comply wth the Charities Act 2011. the Charity lACunt$ and Reports) Regulations 2008 and the provisions of the Tnjst deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregulants'es Approved by order of the m8mbers of the board of Trustees 13 March 2025 and signed on their behalf by.. Mrs P Harknv$ Page 4
INTERSURGEON INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024 Ind•p•ndènt •xamln•rfs r•port to Trnst••s of Int•rsurg•on l%h• Charlty'l I report lo the charity Trustees on my eXaMinan of the accounts ol the Charity for the year ended S April 2024. R•8p¢ntslbllltl•s and b•$l$ of r•port A5 the Tru51ees of the Charity are responsible for th6 preparation of the acccHJnts in accordance with the requirements of Ihe Charitses Act 2011 I'the 2011 Act'l. I rApe>rt in rApArt nf my xamin8tic)n nf thk f.hAritrf% xrrxjiinlx rhijt iJnd<r AAr.tinn 144 nf thA ?n11 Art 8nd in Carng out my examination I have followed the applicable Directions given by the Charity Commission under section 14515Mbl of the 2011 Act. Indopend•nt •xamln•rfs stat•ment Your allenlion is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Ch8rities.' Stalemenl of Recommendèd Praclice applicable lo tharities preparing their accounts in accordance wth thg Financial Reporting Stsndard applicable in the UK and Rgpubli¢ of Ireland IFRS 1021 in preference to Ihe Accounting and Reportir¥J by Charities.. Statement of Recommended Practice issued on 1 April 21)05 which is rtferred lo in the extant regulatn$ bul has b86n withdrawn. l understand that this has boon dom in ¢)rdor for the accounts to wovide a true and fair vi6w in accord8n¢e with the Gener811y Accepled Accounling Pracllce effectlve for reporting periods beginnlng on or 8fter 1 January 2015. I have compleled my examination. I confim) that no malters have come to my 8ttentk)n in connection th the gxaminalion giving m8 cause to beli8v8 that in any matarial resp8Ct'. a¢untIng rOrS werg nol kopt in rg¥rt of tho Charity a$ roquirgd by wtion 130 of tho 2011 A¢l'. or the accounts do not accord wlh those records,. or the accounis do not comply with the applicable requirements conceming ihe form and content of accounts sel out in the Charities (Accounts and Repx)rtsl Regulations 2008 other Ih8n any requirement that th• account$ 9iv• a 'lnt• and fairf vi•w which 1$ not a matt•r cong•r0d a$ part ol an ind•pgndgnt examination. I have no concems aThJ have come across no other matters in connection wilh the examination to which attention should be drawn in this reF*Nt in order to enable a proper urKlerstanding of the accounts to be reached. Page 5
INTERSURGEON INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 This report is made solely to the Charitrfs Trustees, as a body, in accordance th Part 4 of the Charities (Accounts and Reports) Regulations 2(N)8. My work has been undertaken so that I might state to the Charitys Trustees those matters l am required lo slate to them in an Irhdependenl examinerfs report and for no other purpose. To the ftjllesl exlenl permed by law, I do nol a¢¢8pl or assume resp)nsibility lo anyone other than the Charity and the Charitys Trustees as a trTh1y. for my work or for this repcKi. Signed.. Daled.. 13 March 2025 A Koupland ACA Cald•r & Co Chartered Accountsnts 30 Orangg Strggt London WC2H 7HF Page 6
INTERSURGEON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrnstrlcted funds 2024 Totsl funds 2024 Total funds 2023 Note Income from: Donations and legaaes 66.194 66,194 17,091 Total Incomo 68.194 66.194 17,091 Expondltur• on.. Charitable ath'vities 27.570 27.570 35,912 Total •xp•ndltur• 27.570 27.570 35,912 Not mov•m•nt In funds 38.624 38.624 (18,821) RKon¢lllotlon ol fund•: Total funds broughi forward Nel movement in funds 10.051 38.624 10.051 38.624 28,872 (18,821) Total lunds carrled forward 48.675 48.675 10,051 The Statemenl of finanrAal activities indudes all gains and h)55e5 recognised in Ihe r. The notes ¢)n pages 9 10 12 fom) part of these financial ststemonts. Page 7
INTERSURGEON BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Flxod a$sths Curront as8•ts Cash al bank arKI in hand 49.925 10,051 49.925 10.051 Creditors.. amounls falling due within one year {1.2501 N•t curr•nt a$ts 48,675 10,051 Total 0s$ots IM• ¢urr•nt Ilabllltl 48,675 10,051 Net a¥¥¢ts •x¢ludlng p•n•lon a•••t 48,67S 10,051 Total net a••ot• 48,675 10,057 Charlty fund8 Reslricled funds Unr8striciod fvnds 48,675 10,051 Total funds 48.675 10,051 The financial slalemenls V•*re approved and authorisod for issue by the Trustees on 13 March 2025 and signed on tneir behalf Dy.. Mr8 P Harkn•ss The notes on pages 9 10 12 fom) part of Ihese financial stslements. Page 8
INTERSURGEON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollclos 1.1 8a¥l$ ol pr•paratlon of flnan¢lal statomonts The financial statements have been prepared in accordance wth the Charities SORP IFRS 1021- Accounting and Reporting by Charitie5.' Stsiement of Recommended Practice applicable to charities pparing their accounts in accordance with the Finan(Jal Reports'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Finanaal RerK)rting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. The financial ststements have been prgpafed io oive a 'lrue and lairf view and have departed from the Charities IAccounis and Reports) Regulations 2(M)8 only to the extent required lo provide a 'true and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 father than ¢he Accounbng and Reporting by Charities." Statement of Recommended Practice effeth've from 1 April 2[15 which has since been withdrawn. Inlersvrgeon meets Ihe definitkin of a public benefil entity under FRS 102. Assets and Ilabililies a inth'ally recognised at hi$lori¢al rnst or transaction valuo unl8SS Othgrwisg statgd in the rglevant accounting policy. 1.2 In¢om¢ l income is recognised once the Charity has enbllemenl lo the income, il is probable that the income will bg rg¢9ived and the amount of inw))e receivable ¢an be mea$ur9d roliably. Grants are induded in the Stslement of finanoal activF on a receivable bèsis. The balan¢8 of incomg ceiVed for spgofic purposgs but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of rec81Pt, ils recognition is deferred and inclvded in creditors 85 delerrod income. Where enlitlemenl occurs befofe Income Is receive(1. thg Income Is accwed. 1.3 ExpendKur• ExndItUre is recognised once there is a legal or constructive obligation lo transfer economic b8nefit to a third party. il is probable that a transfer ol economic benefits will be required in settlement and tne amount of the ODllgallon can be me85ureil rellably. Expen(Jlture Is cias51fieO by 3ctlvlty. The costs of 8a¢h activity a made up of th& total of direct costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribule lo more than one aclivity and Support costs which are not attributable lo a single acbvity a apFK)rtioned belween those 8ctivities on a basis consi51enl with the use of resources. Central staff Costs are allo¢aled M the basis of b.me spent, and depreciation charges allocated on the Nion of the assel's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charivs objeth'ves. as well as 8ny associated support costs. All expendrture is indusive of irrecoverable VAT. 1.4 Government grants Govemment grants relatiThJ to langible fixed assets are treated as deferred income and released to the Statement of finanual activities over the expected useful lives of ihe assets cOnrned. Other grants are Credited to the Statement of financial activilies as the related expenditure is incurred. Page 9
INTERSURGEON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accountlng pollel•s leontlnuèdl 1.5 Cash at b•nk and In hand Cash al bank arKI in hand indudes cash arKI short-tenn highly liquhj investments with a short maturity of three months or18ss from Ihe dale of awuisitK)n or opening of the deposit or similar account. 1.6 Llabilitl•s and provlslons Liabilities 8re recognlwj when there is an obligab.on at the Balance sheet dale as a result of 8 past evenl, it is prob8ble that 8 Iransfer ol economic bengfit will be r¢quir8d in ?ettlem8nt, and thg amounl of the settlement can b8 estimaied reliably. Liabilities arfj recognisod at the amount Ihat Ihe Charity anti¢ipalos it will pay to settle tho dgbt or Ihfj amount it has received as advanced payments lor the goods or services it must provide. Provisions are measured at tho b8$t gstimate of thg anK)unts rgquirad to $attlè tha obligation. Whar8 the effect of the lime value of money is malerial. the provision is based on the present value of those amounts. ¢Jiscounled al the pre-tax di5(y)unl rate Ihal reflects the risks specific lo the liability. The unwinding ol thg discount is recognised in the Statement ol financial activitigs as a finance cost. 1.7 Flnanclal In•truments The Charity only has financial assets and finanual liats'libes of a kind that qualfy as basic financial instrumen15. Basic financial in51ruments are initially recognised al transaction value and sub58qu8nlly meaSUd al their seltlemenl value with the exceptson of bank loans whkh are subsequenly measured al amortised cost using ihe effeciive interest melhod. 1.8 Fund a¢¢ountlng General lunds are unrestricted fijnds which are available for use at the discretion of the Trustees in fvrtherance ol the general obieclives of the Charity 8nd whieh have not been designale(I lor other purposes. In¢om• from donatlons and l•ga¢ks Unre$trlcted fvnd$ 2024 Total fvnd$ 2024 Total funds 2Q23 Donations Other funding Gfft aid 54.674 7,673 3,847 54,674 7,673 3,847 17,091 66,194 66.194 17,091 Tol812023 17,091 17,091 Page 10
INTERSURGEON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Charltable expenditure Unrestricted fund$ 2024 Total funds 2024 Total fijnds 2023 Advèrlising & Promotion IT SOare and consumables Accountancy fee8 Independent examination fees Consultsncy lees General expenses Bank charges 5,237 16.141 1.OGS S,237 16,141 1,065 500 4,500 21,381 13,173 292 314 126 126 752 27,$69 27,569 35,912 Indopondtnt •xamln•¢• r•mun•r•tlon 2024 2023 Fees payable lo the Charivs independent examiner for ihe independent examinatson ol the Charitys annual accounts 500 Trust••8' r•muneratlon and •xp•n8•8 Dufing the year, no Trustees received any MUneli0n or other benefits f2023- £NILJ. During the year ended 5 April 2024. no Trustee expenses have been incurred (2023- £NILJ. Credltors: Amounts falllng du• t*tthln on• y•ar 2024 2023 Accruals and deferred income 1,250 Page 11
INTERSURGEON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Summary of funds Summary of funds- currnnt year Bal•n¢• at 6 Aprll 2023 Bal•n¢* at 5 Aprll 2024 Incom• Exp•ndltur• General lunds 10.051 66.194 127,5701 48.675 Summary of funds- prlor yoar Balance al 6 Apnl 2022 Balanc8 at Incon Expenditure 5 Apnl 2023 General funds 28,872 17.091 (35.912) 10,051 Analy818 ol n•t ass•ls bfrtwwn fund• Analys1$ of n•t a$$•ts b•tw••n fund$ - ¢urr•nt perlod Unr••trl¢t•d fund$ 2024 Total funds 2024 Current assets Creditors tjue within one r 49,925 11.2501 49.925 1.2501 Totol 48,675 48.675 Analysls of n•t a88•ts b•twoen funds - prlor p•rlod Unrnslricted funds 2023 Total fijnds 2023 Current assets 10,051 10,051 Total 70.051 10,057 Page 12