ZAINAB MEDICARE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023 Re istered Charit No: 1182686
ZAINAB MEDICARE TABLE OF CONTENTS Page Trustees and Professional Advisors Trustees Report Statement of Trustees, responsiblities for the accounts Independent Review Statement of financial activities Balance Sheet 09-14 Notes to the accounts
ZAINAB MEDICARE Page 1 TRUSTEES AND PROFESSIONAL ADVISORS TRUSTEES: Mrs Musarat Ahmed (Chair) Asif Ahmed Zafar Ahmed MAIN OFFICE: Brighton House 273 Wilmslow Road Manchester M14 5JQ BANKERS: ACCOUNTANTS: Ferguson & Co Charterted Certified Accountants 651 Mauldeth Road West Chorlton Manchester M217SA
ZAINAB MEDICARE TRUSTEES REPORT FOR THE YEAR ENDED 31 MAY 2023 Page 2 The Trustees present their report and financial statements of the charity for the year ended 31 May 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and 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 published (FRS 1021 (effective 1 January 2015}. STATUS Zainab Medicare is a registered charity under the charity number 1182686. It has no taxable activites and is therefore not liable to UK taxation. It is, however, unable to reclaim VAT on expenditure incurred. Trustees The truslees of the charity, under the Irusl deed, are known as Board members with voting rights. They have no beneficial interest in the charity. All Iruslees give their time voluntarily and re1ve no benefits from the charity. Any expenses reclaimed from the charity are set out in note 9 to the accounts. The trustees undertake a skills audit to identify gaps in Board experiences and new trustees are appointed on a 3-year term to fill these gaps. There is an induction and training plan in pla for all trustees to strengthen their role in strategic planning. Trustees are also able lo access the organisational training plan and attend any that they feel would be beneficial to their role andlor understanding. Recruitment and Appointment of Trustees The Trustees of the charity are known as members of the Management Committee. Under the requirements of the deed, members of the Management Committee shall hold office until the end of Annual General Meeting next following their election appointment or co-option and shall be eligible for re-election or re-co-option. Trustee Induction and Training New trustees are recruited following all recruitment Pro$$ and a successful indurtion. All new trustees are given an induction when they start which gives them up to date information on our services, finances, funding streams, organisational policies and procedures, code of conduct and training on our quality assurance standards. Training is provided for the management committee on roles and responsibilities of a trustee and other relevant training identified to assist and support the work of the trustees. Achievement & Performance The Charity provides reflief of sickness and the preservation and protection of Health in Pakistan in particular by providing Materials, Equipment & Resources to support medical centres established to provide treatment and adive to socially and economically disadvantaged people who are unable to meet the costs of Medical care.
ZAINAB MEDICARE TRUSTEES REPORT FOR THE YEAR ENDED 31 MAY 2023 {CONTINUED) Page 3 Charitable Objecctives a) To relieve sickness and to preseNe, promote, and protect good health among individuals in Pakistan, particularly those who are socially and economically disadvantaged. b) To advance access to essential medical care and healthcare support services for individuals who are unable to meet the financial costs of treatment. c) To provide, distribute, and donate medical materials, equipment, medicines, and other necessary healthcare resources to hospitals, clinics, and community-based medical centres. d) To support the establishment, development, and maintenance of medical centres and outreach initiatives that deliver affordable or free medical treatment and advice. e) To facilrtate the provision of preventative healthcare services, early diagnosis, and medical guidance to improve health outcomes within underserved communities. Q To undertake any other activities that support the advancement of health and the relief of those in need in Pakistan, in accordance with charitable purposes.
ZAINAB MEDICARE TRUSTEES REPORT FOR THE YEAR ENDED 31 MAY 2023 {CONTINUED) Page 4 Financial Review In the year to 31 May 2023 the charity had a total income of £15,030 (£0 - 2022) and total expenditure of £0 {£0 20221 . This resulted in a net (loss)Isurplus for the year of £15,030. At the year end the charity had £15,030 Unrestricted funds in account (£0 - previous year) Investment powers and policy The Trustees consider, having regard to the budget for the next twelve months, that the charity is a going concern. Risk Management The truslees have conducled a review of Ihe major risks to which the charity is exposed and systems have been established to mitigate those risks.
ZAINAB MEDICARE Page 5 TRUSTEES REPORT FOR THE YEAR ENDED 31 MAY 2023 {CONTINUED) Trustees responsibilities in relation to the financial statements The charity trustees are responsible for preparing the annual report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Practice}. The law applicable to Charities in England and Wales requires the charity trustees to prepare financial statements for each 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 Ihe charity for that period. In preparing the accounts, the Trustees are required to., 1 Select suitable accounting principles and then apply them consistently., 2 Observe the methods and principles in the applicable Charities SORP., 3 Make judgements and estimates that are reasonable and prudent., 4 State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements., 5 Prepare the financial statements on a going concern basis unless it is appropriate the presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accurate at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detention of fraud and other irregularities. Approved by the trustees and signed on their behalf by; Mrs Musarat Ahmed Trustee Date= 0810412026
ZAINAB MEDICARE Page 7 Statement of Financial Activities For the year ended 31 May 2023 Notes 2023 2022 INCOMING RESOURCES Restricted General Restricted General INCOME FOR THE YEAR 15,030 15,030 LESS: RESOURCES EXPENDED Cost of generating funds Expenditure on charitable activites Governance costs Support costs Iiii TOTAL RESOURCES EXPENDED NET INCOME FOR THE YEAR 15,030 BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD 15.030 The statement of financial activities includes all gains and losses in the yèar. All incoming resources and resources expended derive from continuing activities. The notes on pages 10 to 15 form part ofthese accounts.
ZAINAB MEDICARE Page 8 BALANCE SHEET At 31st May 2023 NotOS 2023 2022 FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors Cash al bank and in hand 15,030 15,030 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors NET CURRENT ASSETS 15.030 TOTAL ASSETS LESS CURRENT LIABILITIES 15,030 ACCUMULATED FUNDS Unrestricted funds brought fonNard Unrestricted reserves for current year 15,030 15,030 We approve these accounts and confirm that we have made available all the information and explanations for their preparation. Trustee Mrs Musarat Ahmed Datè = 0810412026 Trustee Zafar Ahmed The notes on pages 10 to 15 form part of these accounts.
ZAINAB MEDICARE NOTES TO THE ACCOUNTS For the year ended 31 May 2023 Page 9 1. ACCOUNTING POLICIES The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Basis of accounting The financial statements have been prepared in accordance with 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 IFRS 102) issued on 16 July 2014 las updated through Update Bulletin 1 published on 2 February 20161- (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and Charities Act 2011. Preparation of the accounts on a going concern basis The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The truslees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adiuslment to the carrying amount of assets and liabilities within the next reporting period. Income recognition Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemls) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 1021, general volunteer time is not recognised,. refer to the trustees annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt.
ZAINAB MEDICARE NOTES TO THE ACCOUNTS (CONTINUED) For the year ended 31 May 2023 Page 10 Current asset investments The charity holds no investments Taxation The charity is exempt from corporation lax on its charitable activities Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Expenditure on charitable activites includes the Gosls undertaken to further the process of the charity and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. Operating leases Operating leases are leases in which the title to the assels, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. Tangible fixed assets Individual fixed assets costing £500 or more are capitalised al cost and are depreciated over their estimated useful economic lives on a straight line basis as follows.. Fixtures & Equipment 25 % on cost Computers & Equipment 250h on cost
ZAINAB MEDICARE NOTES TO THE ACCOUNTS For the year ended 31 May 2023 Page 11 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and at hand The charity's cash at bank and in hand includes the availability of funds as at 31 st May 2023. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basi financial instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Pensions Employees of the charity have been auto enrolled onto a pension scheme to which the charity contributes. 2.STAFF COSTS 2023 2022 Staff salaries, E'er NIC & Pension The average number of employee during the year were., Number Number Administration Volunteers
ZAINAB MEDICARE Page 12 NOTES TO THE ACCOUNTS For the year ended 31 May 2023 3. TANGIBLE FIXED ASSETS Other Equipment Land & Building TOTAL COST At 1 June 2022 Additions At 31 May 2023 NET BOOK VALUE At 31 May 2023 At 1 June 2022 4.DEBTORS 2023 2022 There are no debtors 5.CREDITORS 2023 2022 Creditors & accruals
ZAINAB MEDICARE Page 13 NOTES TO THE ACCOUNTS For the year ended 31 May 2023 6. ANALYSIS OF INCOME AND EXPENDITURE 31 May 2023 Restr- icted 31 May 2022 Res icted General Total General Total Income Donations Rental income Icome from Charitablo activities COVID-19 Grant 15,030 15,030 15,030 15,030 ExndItur& on charitable activitios. Wages & Salaries and Pension Donation to Pakistsn Govornanco Costs., Support Costs., Insurance NET INCOME 15,030 15,030 FUNDS BROUGHT FORWARD FUNDS CARRIED FORWARD 15.030 15,030
ZAINAB MEDICARE Page 14 NOTES TO THE ACCOUNTS For the year ended 31 May 2023 7. ACCUMULATED FUNDS GENERAL FUNDS RESTRICTED FUNDS TOTAL Balance at 31 May 2022 Net income Balance at 31 May 2023 15,030 15,030 15,030 15,030 8. CONTROLLING PARTY Charity in under the share control of Trustees named on page 1 of the accounts. 9. RELATED PARTY TRANSACTION There has been no transaction with the trustess during the year in any form. (2022 - nil)
Page 7 Independent Examinerfs Report to the Trustees of Zainab Medicare I report on the accounts of the charity for the year ended 31 May 2023 which are set out on pages 7 to 15 Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under sertion 145 of the 2011 Act; follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with section 130 of the 2011 Act. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Art have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Muhammad Tayyab (FCCA) Feryuson & Co 651 Mauldeth Road West, Chorlton, Manchester, M217SA Date: 0810412026