CASTLEPINES
MEDICAL FOUNDATION
rAuD I HININUHI
<tVUF<1 2U2,
Castlepines Medical Foundation

CASTLEPINES
MEDIC￿ POUNts4m0Tr4
Table of Contents
CHAIRMAN'8 FOREWORD....-....................-..-..............-....... .
INTRODUCTION............-........................
2024 OVERVIEW...........-......--. .
Focus........................................................
CHALLENGES...............................................
IMPACT.....................................................................- .-
FINANCIAL OVERview.....................--........................
GOVERNANCE AND PAANAGEMENT._.............................................. ... . .. .
FUTURE PLAN8..................................-............
APPENDIX 1: FINANCIAL SUMMARY.-.
APPENDIX 2: ANNUAL ACCOUNT8................-.......

"CASTLEPINES
I￿E￿cAL FOL1Tr4DAfOW
Trustees Annual Report 2024
For the period from 1st January 2024 to 31# December 2024
Charlty name:
Cutlgpines Medlcal Foundatlon
Charlty reglstratlon number: 1187050
Charlty address:
36 Pall Mall. St Jamu's. London. SW1Y 5JN
Trustee8:
All Trustees acted for the whole year.
David Grose. Chairn￿n
Neil Carpenter, Secretary
Stsnley Shepherd, Treasurer
Tafadzwa Mugwagwa
Ken Ralston
Chairman's Foreword
It was impressive to see how much the charity was transfomied In 2023 and vrfas
poised in 2024 to benefit from the foundations laid in 2023.
Unfortunately by 2024 donors were much harder to find and were scarcer stlll for a
rolativa startup chgrity. Consoquontly Kvo had no option but to paus• our activitlO8
and to release our CEO in AFXII 2024. On beha￿ of all the Trustees I would like to
thank our CEO, Louise Normand. for her dedication and contribution on behalf of the
charity and her instilling high standards of govemance.
The strong desire among the trustees remains to athieve our dedared objective:
The advancement of h8alth and relief of suffering. principally from non-
commurlicable diseases and long tenn chmnic illnesses such as high blood
pressure, hypertension, cardiovascular. coronary heart disease and diabetes to
countries in Africa, through improving access to medicines, therapies and health
Se￿iCe$ where there is no adequate pmvision of these serrfiGes to vulnernble
children and adutts
We can and we will rise again.

"CASTLEPINES
EDIC*L FOUNtwTrow
Introduction
Castlepines Medical Foundation (CMF) was set up in 2019 to address widespread
mediane shortages for chronic non-communicable diseases (NCDS) in Africa. The
charity was restarted in 2023 following two years of low activity, resulting directly
from COVID-19 related risk aversion by UK banks and restrictions on intemational
travel.
We transfomied the charity during 2023 and into 2024 with new govemance, and
focused objectives.
There were multip18 visits to Zimbabwe in which we established a wide network of
contacts. Our mission was warnily welcomed by all the stakeholders we met.
However post COVID raising fvnds became significantly more challenging as th&r8
were less funds available and it was drfficult for a relative start up charity to secure
nitial eady funding.
Potential donors were much less likely to fund in the absence of a track record.
though we had a confirmed donation of signfficant quantits'es medicines we were
still un8ble to raise funds to utilise those medicines.
Despite the transformation of the charity through 2023 and into 2024, ultimat8ly
when our launch donation was used up, albeit carefully and wisely. and no further
donations were achieved, we had no option other than to let our CEO go as the only
employae in April 2024 and pause our activities while we reviewed further funding
optlons.
We are paused but we are not finlshed.
2024 Overview
Focu5
Having spent 2023 transfoming the charitys govemance and organisation, 2024
was set to raise further funds in addition to the generous Launch Donation of
£161,294.
Activities
Q1: Launch Loan to Launch donatlon
On 18t February 2024 the donor of the Launth Loan offered to ￿)nVert the Launch
Loan in its entirety to an unrestricted Launth Donation, so leawng the Charity debt
free. This was r8POrt8d to the Truste8s at an Emergency Board Meeting on 51h
February 2024.
This generous offer was gratefully received by the Tn￿tees, rendering the charity
debt free.

"CASTLEPINES
MEOICAL FOUNDAnQN
During early 2024 the CEO continued her fund raising efforts. However. the
common response was that donors were alk)cating their funds to charities with a
track record.
Despite the thorough ground work done by th8 charity in 2023 and 2024 including all
the on-site visits to Zimbabwe, meetings with key stakeholders plus the thorough and
powerful analysis of their needs being o)mbined into a credible strategy and project,
of efforts, as a relative start-up we found no donors ready to fvnd our project, even
though they a¢kno￿ledged the strategy and projects .
Challenges
It beGqme clear during the first quarter of 2024 that the charity would not find a new
donor or their funds before the Launch Donation was fully used up.
This was despite a confirrned offer to suppty a range of free medicines to the Charity
for distribution in Zimbabwe.
Impact
The Charity did not find a new donor to continue our work into 2024.
We were cons8qU8ntly unabl8 to measure a tangible impact for our beneficiaries.
The Charlty had no optlon but to let go its one employee, CEO Lou Nonnand.
Financial Overview
The accounts show a total Donatlon income of £48,451 against an expenditure of
£48,514. During this period, charitsble expenditure was funded exclusively through
an extension of the unrestricted Launch Donation from the charity's founder and
Chaimian.
Full details of income and expenditure are outllned at the end of this report in our
financial ststements (Appendix 1) and accounts (Appendix 2).
Incom•
Between 1st January and 319t Decemb8r 2024 the charity did not receive income
from any source other than the Launch Donation of £48,451.
Expenditurn
Durlng 2024 the Charity's expenses totalled £48.514.76.
The principal expense was the salary of the CEO. totalling £15,9)1.76 (net), plus
employer pension contributions of £1.343.46
The CEO conducted one visit to Zimbabwe. Travel and accommodation exp8nses
totalled £879.72.

"CASTLEPINES
FOUNgATrOP4
Due to significant delays in receiving the PAYE reference number from the
contracted payroll service provTrder beyond the control of the tharity. tax and NIC
contributions could not be paid to HMRC for the year ending 3151 De￿mber 2023.
A repayment plan was agreed with HMRC for the sum of £29,016.50, including
inter8St, and was completed in 2024 to the satisfaction of HMRC.
Loans and debts
At the start of 2024 the Launth Loan stood at £112.843.19
On 1 St February 2024 the donor of the Launch Loan offered to convert the Launch
Loan in its @ntirety to an unrestricted Launch Donation, so18aving the Charity debt
free. This was reported to the Trustees at an Emergency Board Meets'ng on 5th
February 2024 and gratefully accepted.
During 2024 a further £48,451.53 was donated to the charity as a continuation of the
Launch Donation and used tt) pay for 2024 launch activity exp8ns8S.
At the end of 2024 the total Launch Donation stood at £161,294.72.
Governance and Management
There were no changes to the structure of the Trustee Board, which is comprised of
5 members including an appointed Chair, Treasur8r, and S8cr8tsry. The charity had
one employee (CEO Lou Normand) and no volunteers joined tha team.
Board m••tlng$: There were three board meetings in 2024, all of which were
quorate.
Constltutlon: There were no changes to the Constltutlon durlng the year.
Future Plans
In 2024 had intended to launch both aspeds of Project Zambezi. strengthen
financial resilience, and to expand our team so that we can increase the reach of our
Ille-savlng work.
However, these plans were put on hold due to the availability of funds.

"CASTLEPINES
MEDICAL FOUNDAMO
Appendix 1: Financial Summary
A summary of the Launch t)onation and expenses for 2024 is set out in the table
below.
Allln£
Loan
Ex
enses
Launch Donation Funds received in 2024
48,451.53
Expenses
Sala
Travel and accommodatl¢)n
Alllanz Health Insurance
NEST Penslon
Irls Pa roll service5
HMRC Re
ment Plan
Total expenses
115,901.76
1879.721
1873.60
11,343.46
1499.721
29,016.50
148,514.761
Bank balarKe 31 Dec 24
Launch Loan Donatlon balance
Loan
Loan
At end 2022
At end 2023
At end 2024
72,116.94
112,843.19
161,294.72
Donation
The Charity's cash flow was managed as follows: as upcoming expenses were
Idontifiod, and b•for• th•y b•¢am• du•. the donor paid into thg Ch8rity'g bank
account the necessary funds to meet those expenses.
Note that On 1 st February 2024 the donor of the Launc* Loan converted the Launch
Loan in its entirety to an unrestricted Launth t)onation, so leaving the Charty debt

"CASTLEPINES
MEDICAL FQUNPATrON
Appendix 2: Annual Accounts
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Ch•rtty P44vhWJ•r. 1187060
Cagtleptne8 ￿•dIcal Foundatlon
FIPIAKLIL 8TATSSEp&f8
FOR THE YEAR EIOED 31 DECEDA
CHARLes 08EI, &8¢,1198¢, FCIE, RKIPP. AF& ATA
CHARifi IklDEPEIIDEPaT EXARqItIER IACCOUWYAiir
FLAT 3, 11 RLKHDALE WAY
Lo￿D0
SE8 4LY

Castleplnes Medlcal Foundallon
Reglstsrod Charlty No.
1187060
PORT AND FINANCIAL STA
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Legal and Administrative Detslls
Independent Examlnefs report
Balan&8 Sheet
State￿nI of Financial ActNities
&8
Notes to the Aco)unts

Castleplnes Medical Foundatlon
R¢glstered Charlty No.
1187050
ORGANI
ATIONAL PROFILE
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES
Chair
Neil Carpenter
Secretary
Stan* Shepherd
Treasurer
Tafadzwa Mugwagwa
Ken Ralsion
REGISTERED OFFICE:
36 Pall Mall
St James's
LoTrJon
SW1Y 5JN
BANKERS:
Wl8e paYn￿ts Ltd.
1st Floor. Worship Square
05 Cllfton St￿(
London
EC2A 4JE
ACCOUNTANTS:
Chartes Osei. BS¢ Ikk)ns), MSC. FCIE. AFA, ATA. MCIPP
Flat 3, 11 R(￿hda￿ Way. D8ptford London
SE8 4LY
Pagg 1

Castlepines IAodical Foundation
Reg18tsred Charlty No. 1187000
INDEPENDENT EXAMINER'S RE
NTHER
NCIA
STATEMEN
TO THE TR
TE
OF CASTLEPINES MEDICAL FOUNDATI
I report on the finandal 8tatements the year •ThJ•d 31 D￿emb¥ 2024 Set out on po988 4- 11.
This r•Fort is made to the Tnjstees of Ca8leplnes Modical Foundallon, 88 8 W, In aCCordar￿e wth
regulations made under se(#ion 145 of the Charities Act 2011 and Charity SORP. My work has been
undertgken so Ih8t I mI￿t state to the Trustees matters l am required to state to them in an independent
Examinerfs report and for no other purpose. To the fv1Sest extent permltted bylaw, I do not accept or
assume re8pon81blltty to 8nyon6 othw than the Charrty and Charws tru81e88 lor my Independent
examination work. for this rwrt, OT for the statement I have givgn below.
R••p•Gtlv• r••ponslbllltle• of Tru8teo• •nd Indgp•ndont oxamln•r
A8 chathy tru81•88 of tho ¢xganisatk)n and for ts puryxx88 of tharlty law. aro ro8pon8ibl• for the preparatlon
of the finantsal ststomenls, the Truslees consider that an 8udit is not requiredfor thi8 year under section 144121
of the Charrtes Act 20111th8 A¢tl ond Part 16 of tha 20CI8 A¢t. and th•1 on Indopondonl examination 18
needed.
I report In ffj8pe¢l of my ox8mlnthn oftho Ch8rW8 ac(xxmts ouL'.
al examine the accounts under aethon 145 of the 2011 Act,.
bl follow the procedures18id dcA4n In Ihe general DirectioM gfven by the Charty Comm183lorws undor s•¢Yon
14515){b) of the 2011 A¢t.' and
¢1 $tst• vth•lhor particular mattor8 hav• to my ott•nllon.
B*•l• of Ind•pond•nt frx•mln0rf8 •tat•m•ni
My examln8tlon was carried ¢Jrt In a&￿Te￿nce vAth the gewal DireL*on8 gwen by the Charfty Commlssion.
An oxamination indud¢$ a review of the ac£ounting rec￿￿$ kept by the Charlty. and a comparison of the
accounts preserrted with those reo)rds. It also indud•$ o)n8idèration of any unusual itoms or dI￿10$Ur•S in
the accounts and seeking ex￿an￿'0n3 from you as Trusto0s contAming any such matters. The procodures
undertoken do not provide all the evidence thatwwhj te required in an audit, and consequently no opinion is
given a$ to whether the a¢cwnts present a Irue and fair vievf and the repcxts Ilmited lo those matters set out
In the statement on the next page.
Paje 2

Gtstlepines Medkal Foundallon
Register•d Charlty No. 1187050
EPE
THE TR
NT
STEE
MIN
Fl
ANCIAL
TATEMEN
TLEPINES
Independent ex•mlnerf• 8tatem•nt
In connectlon my 8xamlnath)n. no matter h88 com• to my attentton..
l) which gives me roa8on8tle to bditive that in material resp8ct the roquiremenls
I to keep accountlng re¢￿d8 In accordarKe Se¢Yon 130 of th• Ch8rllfio8 A(a'. and
bl to prepare I￿AUnts whlth with Ihe actounting records and compty with the accounting
requlrements of ts CharltiesAct
hava not tr￿n m•t.' or
21 lo whlch, In my oplnlon. 8ttenlM Should be dra*n In otder to onable a prwr understandlng of the
Charles 08ei, Bsc IHonsl, MSC, ACIE. AFA, ATA, MCIPP
Fl813, 11 R¢¢hdale Way Depfford London SE8 4LY
L)ate 12111r2025
P￿e3

Castleplnas Medlcal Foundatlon
Reg18tsred Charlty No. 1187050
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
FIx8d Assets
Current Assets
D8btors
Cash at Bank and In hand
Creditors
Amunt du8 vthhlnoone Year
Other Creditors
Net AssetslLKqbilitie$
Ro8erve8
General Funds
Restrfcted Fund8:
The financial statements VI￿ approved by the Board of Trustees and aulhorised for issue on
>l.tr...Q.4￿•.-..￿.￿￿........8rKl wer8 Sbgned on its behaN by".
Trustse
Page 4

Castleplnes Medlcal Foundath)n
Ro918torod Charlty No. 1187050
STATEM
NT
CIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Notw d Fund•
Fund•
Funds
Incomlnq R•8ourc••
Donations
48,452
Research Grant
Repayment
Othor Income
Total Incom•
48,452
Exp•ndltur•:
Resourcces expended
48,516
48.516
Ralsing Funds
Totsl Exp•ndttur•
48,516
48,518
Ro•our¢•8 r•taln•d lor fvrth•r u•e
(64)
(64)
Tranth b•tw••n Fund•
Not ￿0￿M•nI In Fund8
Ro¢on¢lllatlon8 of Fund•
Brought fon¥ard 0110112024
69
Carriod forward 31M2f2024
The company made no recognis*J and ks6es other than ltrb)se rew1ed in the income and
expenditure ￿Unt
PwJe 5

Ca8tleplne8 PA￿leA1 Foundation
Reql•t•rnd Chartty No. 1187050
cc
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accountlng Poll¢l
B••l• of
The3e xwunts Iwe been on an &uual tsa￿5 8TrJ ir￿[th and eyper*Jiture as Ihoy ara
•am8d or r￿urred. rather than as cash r￿e1Ved or pad. ReforenL* to Ihe fharil]88 SQRP" rgferB to the
Charito$ SORP IFRS 1021.. AccountiThJ 8ThJ ReF*Jts"ro by Chanl*s'. Ststement of R•CUn￿ Pra(*ce
pp*icaN8 to char￿¥6 kryaorvj th￿r acwjrts in a0￿r￿a￿e V+ilh the Fin￿1 R8wts'ro SlaThJard
PkIica￿e in the UK ènd Wublic of I[B￿rI￿. 2r*Y 1 January 2019.
la. Ineom•
l incom& o f¢ctswi8ed orKe the Chwity Iws entive￿t to ts iTrxvno. it 15 wc*abl8 Ihattha in¢JTh I￿11 b?
rèc&v•d, or#J thtr offlountof irKorr* recoiv*Jkn cw t* moasured rdiatrAy.
Grants ar• in the Statwnert of finan1>￿ ba8rd. Th balanc* of iro)m•
rec4tved for spgofi¢ wrpo8•s tsA not exploTr*J dviirrfd thè ￿n1>y 18 8lw in the rdevant fuThJs on Iha
BAlane• Shtot. Whoo income 15 recwved ￿ •Jv¥nc• 0fentiIknn￿t of r•c•ipt. ils recogNbon is d•￿n￿ And
IndudBd in crgJitorB as incrrn. w￿re Cr￿1¥ tel￿ ir￿(￿￿0 is rac8N8d. the in¢om& 1$
ac£nbJ.
In¢om& tsx recfftrabb in rolalth to de￿all0n8 wthrGrfIAKI ￿da*JI of ￿***nant i8 re¢>)gn45•J at
th* Jrn• ol ￿ donabon.
r¥calvgbl¥.
Launch LrAn
Th& Launch Loan interest fre8 wlh no fiThJ ts￿. RepayTn￿￿W8j at 8TrJ in ￿nOUnts detem7i￿d by
the tNBts¢$. On 18t Febnjary 2024 the donorol th8 LaurK* Loan the Laund) Loan in ts on￿[￿ty to an
unrestrtcted LaUr￿h DonaJon, go th8 Charlty d8bt frw.
Tru8tee$ do not dairn trav•1 or0t￿lre¥p•n10s.
1b. ExpondI￿r•
ExF4ndilure 1$ r￿n1￿ onc¢ thorty ￿ 8 Wl eA Obl￿￿ to tr8r*fereconomic b8n8fft to
ird p8rty. it 18 possknle that • tronsfer of8￿r￿¢ t•wfrts will in satsm&nt And Amouftt of
¢ obligation cgn t¢ r¢li*.
Exp8nditur• on chafttsbb a¢kn"t• L8 on dlr&* uTrJ8rtakiTrJ th8 •X¥llle8 ftjrthortho Ch&rity$
I￿1ve8, as any 8880cl￿ sup1￿￿tLy￿.
All •xp•nditur• is I￿Ul1￿ ol IrT•rrnvnbh VAT.
1¢. Gowrnm•nt gr•nts
Govemm8ntgr8nts ar• crndlt8d to the Stat￿offM￿riaj al*¥1￿5 as thB rel8twJ oyndthro 1$ int￿rred.
Id. Fund •eeountlng
spe¢ifjed pu￿se a￿ woilable ag gwwal fuTra5.
Restricted Funds are sub*ed to resthctiuB ￿ their eX￿dthre imkvjsed by ￿ donor.
Designated Funds are unre8tnct&l but e8nnark&J by thè trusta&s for p&t"¢￿lar pu￿￿8.
Pw6

Ca8tl•plnes Modical Foundatk)n
R•ghtsrnd Charfty No. 1187050
OTE
FOR THE YEAR ENDED 31 DECEMBER 2024
1•. Taxallon
Chanty 1$ con$Klèr•Y to P83s th& t•sts set wt in ParyaFth 1 Scltsjulè 6 oftrhe Financa Act 2010 8rKI
tP*rgfcKe il m88ts ts d¢finitk￿ ofa c*anWo ctsnpgny for UK cO￿￿r¥i0n lax purpc4•9. Ac£ordir¥Jly. t
Charity is potsnt81ty gXWllPt frcffj laxabon in re¥Ax of inccffie cf gains wived ￿tegor￿8
r))vwed by Chaptsr 3 Part 1101 fv Ctyror*Jn Tax ALt 2010 cr Sec*￿ 256 ofts Taxation of Chgrgtrabkl
Gains Ad 1992. to th8 extent Ihat s￿h irwno or aFfJli8d •xdusNOly to c*aritatdo PLMPOSOS
1f. D•bior•
Tr*J& and other d8bt(¥B *• r•¢yknod atts Mluom8nt￿OLrt Ar• valu•J At •nount pyopald.
1$ Ca•h at b•nk •nd In hnd
Cash at bank and in haThJ indu(*s ¢8sh f4)d sl*yt-twm hvJNy Invosbnents v*ith a 81￿ maturtty ofthro
rnonths or fr¢m tho date of c* c¢w¥rwg oflh• daF￿1t0[
Ih. Ll•blll¥•• and provknlM•
'Bbilts'e6 ara r8eogni￿ thwo i8 an •tlh• slwtdate a8 a r•suf( of 8 Past event, it
prOba￿e that a trarwfer ofocorK¥n￿ b￿￿￿11 bo BOtlbwW omount ofthg $01118m•nl
can b• 98tlm8tsd fft118bty.
Uabllfa"w ar• r•c4nis*J at tho that Cl*lty *nlbc*#kn8 p￿10 ￿ty• debt orth•
•mount rt wivtsa as payft￿ts fty lh& or 8er¥lrM It mu8t provbjo.
ProvWon$ ar& ￿aSUr•￿ at tho t¢st •sbrnate ofthe rnnts r•4uirnJ to s•tU• ¢4)Iyt*Jn. Whw• tr
off8Ct of th• ts'me value of rnorw * matsri•l. b88&J on tho pregont vduo of ￿Ount8.
di8cowtsd at th• Pffrt4x dijcount r8ta Ihat r•fi8cts th• rlsks $p&>fi¢ tts the haL*lity. uT￿tThalr￿j of the
dl8COWt L8 f•cLwnW in StatemrtoffinaM481
11. Flnancl•l In•truM￿￿
Chwbty only h88 fin*￿1￿1 8868ts fir￿1￿1 I￿"1￿* of • kind Ihatwalfy M bABlc flngndAI inAtrum•nts.
8•6ic fina￿1￿1 instrLtm8nts 8r¢ Init￿lty reco3rwwl at tran8K*cffi Val￿ meaBur&J at th•lr
8etUorn•nt valu8 vAlh th• ox¢opts'￿ of banklogns V+tiwth arn m$aw￿j at arrKJrts"s&l ￿$t u$1
the effective int•rwt n*K¥J.
dudiw ewtatons offtrtur• that are belEv&J to te reasonth uThl8r lh& or￿MStar￿$. Tr Charoty
1k. Tanglbk Flx•d A¥￿ts
Equipment and othèr tsn91￿ a88etS Wo r•aliswJ cfffjt Is £5tX) or n￿rty
gstirnated usefvl lif•.
Computer

Castleplnu m￿lCa1 Foundation
R•g18tergd Charfty Ilo. 1187050
THE
FOR THE YEAR ENDED 31 DECEMBER 2024
2 R￿Our￿* Exp•nd•d
2024
2024
2024
Salary
Employee Penslon
Employee Health Insurance
Employee Travel. Accomrnodauon and Subslstence
Payroll Services
Income Tax and NIC
Total resour¢¢s •xp•nd•d
15.gT2
15,902
874
874
880
500
29.017
48,516
48.618
2024
3 C••h at 8•nk Ind In Hand