**Charity Registration No. 1188078**
## **MEDEWELL INTERNATIONAL**
**TRUSTEES' REPORT AND UNAUDITED ACCOUNTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
## **MEDEWELL INTERNATIONAL**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees Charity number**
Asgher Sultan Sajjad Tejani Sajjad Manji 1188078
## **MEDEWELL INTERNATIONAL**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the accounts|6 - 7|
## **MEDEWELL INTERNATIONAL**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
The Trustees present their report and accounts for the Year ended 31 December 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's [governing document], the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
## **Structure, governance and management**
The charity was registered with the Charity Commission on 20 February 2020 and prepared its first set of financial statements to 31 December 2020. This is the second year of activities and the accounts have been prepared to 31 December 2021.
The charity has a simple structure where the three trustees oversee all aspects of the charity. Of the three trustees, two are qualified accountants who carry out administrative task of the charity including producing monthly report for review by all the trustees.
The trustees have a policy of issuing receipts to all donors when donations are received.
Requests of donations are reviewed by the trustees before being authorised for payment.
The trustees have taken into account the Charity Commission’s public benefit guidance in the decision making and operation of MEDEWELL INTERNATIONAL. No significant departure from the guidance has been noted.
The Trustees who served during the Year were: Asgher Sultan Sajjad Tejani Sajjad Manji
The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Objectives and activities**
The objectives of MEDEWELL INTERNATIONAL (the Charity) is to raise funds from donors and support projects for the prevention and relief of poverty in East Africa and in particular Tanzania.
The charity’s aims also includes but not limited to offering financial support to orphanage, Hospital and support construction of Wells in Tanzania.
All the above is aimed at improving the quality of life for the disadvantaged and facilitating better basic requirements such as provision of education, clean water and medical facilities.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **MEDEWELL INTERNATIONAL**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **Achievements and performance**
The accounts have been prepared for twelve months to 31 December 2021.
During the period under review, the charity collected over £167k (2020: £68k) in donations from various donors with the highest single donation of £25k (2020: £30k) from a company registered in England and Wales.
The trustees produce monthly internal reports which shows in detail all donation received and communication back to donors in form of acknowledgement receipt for their donations.
The trustees are grateful to all the donors for their outstanding support in the first year’s of the charity’s existence and we hope that same support will be forthcoming in the foreseeable future.
It is worth noting that all donations received have been spent without any administration fees or any costs to reduce the amount received from donors.
## Staff costs
The charity has no staff apart from the trustees who are not remunerated. The trustees have no plan to employ any staff in the foreseeable future and do not wish to draw any remuneration from the charity.
## Trustee expenses
There were no trustee expenses during the period under review.
## **Plans for the future**
The trustees plans to provide more information to donors by creating a website and updating this on a regular basis. As donors look for easier ways to make donations, the trustees are to set up an online payment mechanism to facilitate online payment from donors.
The trustee also plan to provide quarterly reports to donors on various projects and this is expected to materialise during 2023.
On behalf of the board of Trustees
## **Asgher Sultan**
Trustee Dated: 31 October 2022
- 2 -
## **MEDEWELL INTERNATIONAL**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEDEWELL INTERNATIONAL**
I report on the accounts of the charity for the Year ended 31 December 2021, which are set out on pages 4 to 7.
## **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:
- (i) examine the accounts under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to 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:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
- have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Stephen Coleman FCA
Dated: 31 October 2022
- 3 -
## **MEDEWELL INTERNATIONAL**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources from generated funds**
Donations and legacies
**2**
**111,859**
**55,218**
**Resources expended**
**3**
**Charitable activities**
Unrestricted donations to institutions
**78,135**
**-**
Restricted donations to institutions
**-**
**28,840**
**Total resources expended**
**78,135**
**28,840**
**Net income for the year/**
**Net movement in funds**
**33,724**
**26,378**
Fund balances at 1 January 2021
**2,115**
**1,385**
**Fund balances at 31 December 2021**
**35,839**
**27,763**|**Total**
**2021**
**£**
**167,077**
**78,135**
**28,840**
**106,975**
**60,102**
**3,500**
**63,602**|Total
2020
£
68,365|
|---|---|---|
|||9,940
54,925|
|||64,865|
|||3,500
-|
|||3,500|
- 4 -
## **MEDEWELL INTERNATIONAL**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2021**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**7**
**Total assets less current liabilities**
**Income funds**
Restricted funds
Unrestricted funds|**2021**
**£**
**63,602**
**-**|2020
**£**
£
20,789
(17,289)
**63,602**
**27,763**
**35,839**
**63,602**|£
3,500|
|---|---|---|---|
||||1,385
2,115|
||||3,500|
The accounts were approved by the Trustees on 31 October 2022
## Asgher Sultan **Trustee**
- 5 -
## **MEDEWELL INTERNATIONAL**
## **NOTES TO THE ACCOUNTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **1 Accounting policies**
## **1.1 Basis of preparation**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
## **2 Donations and legacies**
|**3**|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations and gifts
**111,859**
**55,218**
**Total resources expended**
**Charitable activities**
Unrestricted donations to institutions
Grant funding of activities
Restricted donations to institutions
Grant funding of activities|**Total**
**2021**
**£**
**167,077**
**2021**
**£**
78,135
28,840
**106,975**|Total
2020
£
68,365|
|---|---|---|---|
||||2020
£
9,940
54,925|
||||64,865|
There were no governance costs incurred during the period under review.
|**4**
**Grants payable**
Unrestricted donations to institutions
Restricted donations to institutions|**2021**
**£**
**78,135**
**28,840**
**106,975**|2020
£
9,940
54,925|
|---|---|---|
|||64,865|
- 6 -
## **MEDEWELL INTERNATIONAL**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_
## **5 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration during the Year, there were no reimbursed expenses either during the period.
## **6 Employees**
There were no employees during the Year.
|**7**
**Creditors: amounts falling due within one year**
**2021**
**£**
Other creditors
**-**
**8**
**Analysis of net assets between funds**
**£**
**£**
Fund balances at 31 December 2021 are represented by:
Current assets
63,602
-
Restricted funds
(27,763)
27,763
**35839**
**27763**|2020
£
17,289|
|---|---|
||**Total**
**£**
**63,602**
**63602**|
- 7 -