DREAM INTERNATIONAL FOUNDATION
Annual Report and Financial Statements
Year ended: 31 March 2022 Charity Number: 1194197
Reference and Administrative Information
Charity Name
DREAM INTERNATIONAL FOUNDATION
Charity Registration Number
1194197
Principal Office
4 CYLERS THICKET, WELWYN, AL6 9RS
Trustees
Dr Perumal Tamilselvan, Chair of Trustees Dr Syed Hussain Sheik Dr Sam Michael Oscar Fredy Dr Mohamed Thahir Kolpurka Abdul Samad Mrs Jade Scanlon Miss Hania Hussain
Report of the trustees for the year ended 31th March 2022
The trustees present their annual report and financial statements of the charity for the year ended 31st March 2022. The annual report and financial statements comply with the charity’s constitution, the Charities Act 2022, and the Accounting and Reporting by Charities: Statement of Recommended Practice (Charities SORP - FRS 102) published in 2019.
Structure, governance and management
DREAM INTERNATIONAL FOUNDATION is a registered charity, number 1194197, and is constituted as a Charitable Incorporated Organisation (CIO) registered with the charity commission on 22 April 2021. It is governed by a Model Constitution last updated 04 December 2022.
New trustees are appointed by existing trustees and serve for 3 years after which they may put themselves forward for re-appointment. The Constitution provides for a minimum of 3 trustees, to a maximum of 10 trustees. In selecting new trustees, the charity seeks individuals who are willing to invest time and effort in our cause. Potential trustees are invited to attend trustees’ meetings as observers and are given more details of the charity’s aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees’ meeting. This process allows due consideration of the person’s eligibility, personal competence, specialist knowledge and skills.
The trustees are responsible for the general control and management of the charity. All trustees give of their time freely and no trustee remuneration or other financial benefits were paid in the year. Details of trustee expenses and related party transactions are disclosed. Trustees are required to disclose all relevant interests and register them with the Chair of the Board and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises. At the monthly trustees’ meeting, the trustees
make all decisions related to the running of the charity and finalise any activities planned in the upcoming months.
Following appointment, new trustees are introduced to their new role and given copies of the constitution and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an existing trustee assisting on particular activities and projects run by the charity. After satisfactory feedback from existing trustees, they are then given the task of leading a particular activity or project, reporting progress at trustees’ meetings.
Risk Management
The trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The trustees regularly review all risks at the meetings. The trustees are satisfied that systems are in palace, or arrangements are in hand, to manage the risks that have been identified.
Objectives and activities for the public benefit
The trustees confirm they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities for the year. The objects of the charity are set out in the charity’s constitution and are summarised as follows:
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The preservation and protection of good health and the relief of sickness for the public benefit in India in particular but not exclusively by providing grant funding for:
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Support for public health messaging on diabetes, hypertension and chronic kidney disease.
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The technical training of health workers to enable them to give advice on chronic health conditions, medication management and to enable them to provide dialysis treatment.
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The provision of technical equipment such as resources for dialysis treatments.
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Vital medicines.
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The establishment and running costs of healthcare facilities so that treatments are made available for subsidised/free healthcare for patients.
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The provision of clean drinking water.
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The advancement of education for the public benefit in India in particular but not exclusively by:
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Providing funding for health education regarding the management of long-term
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conditions such as hypertension, diabetes and chronic kidney diseases and management of Dialysis.
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Supporting educational establishments in rural communities such as RDB school in Papanasam, Tamil Nadu, India, by providing scholarships for economically disadvantaged youth so that they are able to attend school and pursue higher education.
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Providing funding for the establishment of classrooms and sports facilities to improve the quality of education for the students.
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The provision of funds for equipment and educational materials for resuscitation training.
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The provision of volunteers to provide accredited resuscitation training - Advanced Life Support (ALS) for healthcare professionals such as medical students, first responders and Basic Life Support (BSL) for the general public.
Grant making policy
As a charity, we have a grant making policy in place. When awarding grants, we have determined the current priorities for funding and ensure that this follows our aims and objectives.
Achievements and Performance
This year, we have conducted multiple resuscitation training courses in India for medical students and healthcare professionals. Using experienced volunteers from the UK, who are all accredited doctors, we have conducted BLS Training. We completed BLS Training Courses at Salem Medical College, Sivagangai Medical College and Kanyakumari Medical College Hospitals, Tamil Nadu, India. These programs were one day programs, and led by one of our trustees and volunteers. Dr Oscar Fredy - one of our Trustees was the lead organiser It was aimed for final-year medical students. The program was a success and from feedback we received, all those who attended found it extremely helpful.
Regarding our dialysis project, we have been able to obtain a location from where we will be able to set up a fully functioning mini-satellite dialysis unit. We are still working on obtaining dialysis machines, statutory approval in India for this work.
Plans for the future
DREAM International Foundation is committed to increasing resuscitation training, and thereby will continue to expand our training courses. We intend to start offering BLS Courses to the General Public and ALS Courses to healthcare professionals. In the next year, we are aiming to have completed at least 5 training courses in medical schools across India.
Regarding rural education, in the upcoming year, we shall be assisting with funding a sports facility and providing educational scholarships for financially disadvantaged students in rural locations. We are intending to continue to expand our scholarships for students and aim to provide scholarships for 100 students within the next year.
Regarding dialysis, we will continue working on setting up a fully functioning mini-satellite dialysis unit. We are aiming to receive statutory approval by 2024 and will focus on providing all required documents in order to achieve this.
Financial Review
Reserves Policy
Currently, the trustees do not have any reserves as we do not have any major operational costs or funding of projects and did not have any cash inflow in the last financial year. This financial year, we are planning to start maintaining free reserves in unrestricted funds at a level which equates to approximately six months of operational costs. The trustees consider that this level will provide sufficient funds to respond to any unexpected expenses that may occur.
Principal Funding Resources
The charity’s main source of income is donations. We were able to get a charity bank account set up only in January 2022. And, we did not seek any donations until March 2022. There was no financial activity for the tax year ending March 2022. Since then, we have received £3500 in donations from our donors this financial year until December 2022.
Investment Policy and Objectives
The charity has no long-term investments. Our cash inflow is held in a current account and expenses are reviewed regularly.
Trustees' responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustee(s) to prepare financial statements for each financial 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 the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles of the Charities SORP
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Make judgments and estimates that are reasonable and prudent;
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State weather applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial; statements comply with the Charities Act 2022, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.
Approved by the trustees on 14th December and signed on their behalf by:
Dr Perumal Tamilselvan
CHAIR of TRUSTEES
18-01-2023