CHARITY REGISTRATION NUMBER: 1194571 Indus Health Network UK REPORT & FINANCIAL STATEMENTS 31 December 2023
Indus Health Network UK Financial Statements Year ended 31 December 2023 Page Trustees, annual report - Charity Reference and Administrative Details Trustees, annual report Audit Report 8-10 Statement of financial activities li Statement of financial position 12 Statement of Cash Flow 13 Notes to the financial statements 14-22
Indus Health Network UK Trustees. Annual Report Charity Reference and Administrative Details Year ended 31 December 2023 Registered charity name Indus Health Network UK Charity registration number 194571 Registered office 7 Bradman House, Abcrcorn Place St John% Wood London NW8 9XY Trustees Dr. Maieen Durrani Mr. Tahir Ali Mr. Mukarram Sattar Mr. Anw'ar Zaidi Mr. Ishiiaq Mir Dr. Raul. Saima Trustee Tiustee Tiustee Tiustee Tiustee (Appointed 28 June 20241 Trustee (Appointed 23 June 20241 Auditor Arif Malida Chartcrcd Accountants & Rcgistcred Auditors 66 Moyscr Road London SW166SQ Bankers Barclays Bank PIC I Churchill Place. London, E14 5HP CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling MEI 9 4TA Metro Bank PIC I Southampton Row, London WC I B SHA
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 The Trustees present their annual report together with the financial statements lor the Charity for the year end 31 Dccembcr 2023. Thc Trustccs havc adopted thc provisions of the Statcn)ent of Recommcndcd Practicc ISORP) 'Accouiiting and Reporting by Charities" IFRS 102) itl PTeparingT the ant]ual Teport and financial statements of the Charity. The financial statements have been prepared in accordance with the accounting policies Set out in notes to the accounts and comply with the Charity's governinb docuinent {Constitution). the Charities Act 2011 and Accountingy and Rcporting by Charities.. Staternent of Recommended Practice (second edition) and Financial RcportinLT Standard FRS 102. OBJECTIVES, AIMS & ACTIVITIES FOR THE PUBLIC BENEFIT Objectives and Aetiwities The objcctivc of Indus Hcalth Nclwork UK IIHN UK) is the rclicf of financial need and suffering for thc bcnefit of the underberved public in ihe region of KaraLhi and other ciiies in Pakisian thai require Medical faciliiies, including but not limited to victims ofnatural or otheT kinds of disaster. by providing financial aid for setting up ho%piials, clinics and vaccination I medical centrcs and by such other mcans as dcemcd suitablc, for such pcrsons, bodics and organisaiions. IHN UK reli¢s principally on public donations to raise funding for this cause. IHN UK is affiliated with Indus Hospital & Health Network IIHHNI. based in Pakistan which is a not-for-profit company registered under s¢clion 42 of the Companies Ordinance 11)84. Pakisian. IHHN is a registcrL.d charity in Pakistan with Charity Registrdlion No. PCP-R2120191234. IHHN is a primary beneficiary of IHN UK'S grant making activities. IHN UK and IHHN have leadership boards which are independent of each other. Foi the appeal and ctsllection tsf funds. in order to make grdnts Igrani making) and charitable donations foi the benefit of the healtli network, tlie Trustee5 have reviewed the ¥FuidanLe Issued by the Charity Cuinmi5sion rebFardinb public benefit and confiTm that the cliarity objectives and activities are within the public benefit remit. GraTht MakiDg Policies IHN UK has established its grant making policy with a view to dirttting funds for the public benefit. Only those institution% who%c applications for grant making mccl thc cligibility critcria. as sct out within thc Charity Commi%sion for England and Wales, are ent¢rtaincd. Thi% would includc grant% directly or indirectly for overseas organi7alions that have ¢hari¢able or noi-for-profil siatus in their location of operaiion or io individuals considered in need of charitable donations as outlined in the Objectives. IIIN UK does not currently undertake bTrants to individuals. IHN UK receives brant applications primarily from or for the beneflt of IHHN which are reviewed by the Trustees on a casc-to-casc basi%. The Charity as%csses thc grant rcqucst% taking into account th¢ purpos¢, it's impact and whether they arc in line with the overall obj¢ctivc% %ci by IHN UK. The aq%¢s%m¢ni also tak¢s into account whciher there are mechanisms esiablished wilh Ihe grani applicant thai would allow Ihe ongoing moniloring and evaluaiion of the project includingy its sustainability. To streamline thi5 proce55, a standard fom)at has beeii established which has been found adequate for the ongoing grant applications. Once a giant has been approved, authorisation is accorded to release the funds to the beneficiary and only upon approval by th¢ Trnst¢¢% does a grant bccomc payabl¢. Th¢ Tru%tcc% of IHN UK ¢n%ur¢ that th¢r¢ i% adh¢r¢nc¢ to
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 all the Know-Your-Donor. Know-Your-Beneliciary and Know-Your-Partner requirements as laid down by the Rcgulatory authoritics. Thc Trnstccs sct strict standards to cnsurc that cach transaction is scrccncd against all the Financial Sanction list%, including OFSI and OFAC. A procedure is in place to monitor that grants are being deployed for the purpose intcnded. For the mainicnance of adequatc cashflows that arc rcquircd to mcei the overall running of the Charity, thc Trustees ensure Ihat a minimum reserve is reiained ai all times prior lo considering any grant applicaiion (see Reserves Policy below). STRUCTURE, GOVERNANCE & MANAGEMENT The governance responsibilities of IHN UK are overseen by Trustees with wide exposure in this field, on a pro bono basis. They include speLialists Irom the medical lield. linance, marketing and those with cominunity knowlcdgc. Thc Trustces devclop stratcgics and providc guidancc to stccr the Charity towards achicving it% laid- down goals and ObJtiVeS within the R¢gulatory framcwork. The Charity's constitution, backed by a number of internal policies sets the framework to oversee the raising of awareness of IHHNS iniiialives, colleciion of donations and its dcploymcni. An annual budgei is set based on the previous year's perfomiance with close atiention being placed on cosi-10-income ratios. The Trusiees hold regular meetings during the year to monitor perfomiance. When required. policies are discussed and updated. requests lor giants are reviewed for approval and new initiatives debated ftsi launching. The management of the Chaiity is entrusted to a full-lime consultant whts is suppoiied by an assistant consultant. Their prinLiPdl ilLtivity Is ¥iounded towards building awareness amoii¥s1 the targeted donors of the WOTk5 being undertaken by IHHN. This requires the dei'elopment of variou5 channels to communicate with the donor communiiy including,. engaging volunteers for the fom)ation of chapters around ihe UK, live appLals on radiorrv, health shows on specific TV channels. live talks via Zoom or other virtual means, golllcrickevbadminion toumaments when pemiissible. In addition to building awareness, the consultants are responsible to maintain donor records with due regard to directives under the GDPR ¥Fuidelines dnd fui peTiodic lod¥7inent of gift aid Llaim5. GOVERNING DOCUMENT & HOW THE CHAIUTY IS CONSTITUTED IHN UK was fomied as a chariiablc incorporated organisaiiL)n under a Foundation Cons¢ilution daied 24 May 2021. The Charity was constituted and its assets aTe admit]istered aiid manabTed by the Trustees under the name of Indus Hcalth Nctwork UK or by such other nainc as thc Trnstccs shall from tiinc to time dccidc with the approval of th¢ Charity Commission for England and Walcs Ith¢ Commission). TRUSTEE SELECTION METHODS & INDUCTION I TIi4INING Structure & MaDagement The Charity operations ar¢ ovors¢en by thc Tru%tcc% with consultants involved in awarencss building and odministration. Managcm¢nt decisions arc undertak¢n through consultation bclwcen the Trustees and flnal approval is made collectively. At the induciion of a new Trustee, training would be recommended dependeni on the level of knowledge I experience that the new Trnsiee brings. Two new trustees were brought in posi IHN UK year end. One of theTn is km experienced medical practitioner WOTking with the NHS while the tsther trustee is a well-rebpeLted community
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 elder. With a total complement 01.6 Trnstees, there is a good balance of the type of specialists necessary to oversee all activitics of thc Charity. Public Benefit The Trustees have referred to the Comrni55ion's &Fuidance on Public Benefit, including the ¥uidance 'Public benefjt.. running a Charity {PB2). and confirn] that the charitable activities are undertaken for public benefit. FUND-IL4ISING STANDARDS INFORMA TION IHN UK has not engabTed any external pmfessioiial fijndraisernorany PET50n or a comme]ria] company to act on itsbehalf to fid raise. There are occasions wheTe celebrities will be deployed foT an event to att]act donors which h&s often ptDven to be a good way for community cohesion and build awareness forthe wo5 being undertaken at IHHN. IHN UK is registetrd with the Futthising ReblatOr (FRI and practice5 its code of conduct for fut)dt3ising in accordance with it. It has registered itself on the Fundraising Preference Service (FPS) which is a secure charity portal of FR, to ensure that it does not send direct marketing communications to people who have made an FPS request. IHN UK uses Donofy CRM,a GDPR compliantapp1itt0n thatjwords thedonor's communication pferenCeS for further contact with them. IHN UK is committed to pr0ctIng and respecting privacy and $ity of its donots and believes that their personal data is an 'AJnanah' {ttu%tl- much likc the donalion%- and arc thcrcforc committcd to bcing ow and traSparCt aknut how the data 1% %tored and )d. The Charity ha% a Trata Prolcctii)n and Prii'acy policy which ouilin¢% how data is ¢ollectui, managcl usfxl and mwis of ptt)Icthing the gvsonal infom)aiion. This policy is aec&%sible the public via the IHN UK website, hrtps.'Jlindushospitsl.org.upnVacy-lx)Il¢Yl IHN UK dtts tt practitt a cold telephone futthising carnpaign so as to avoid and prot&1 ]nerable people and other members of the public. RISK MANAGEMENT IHN UK has a risk mana¥etnent policy which include5: A peri(Idic review of potential risks; The establishment of systems and procedures to mitigate those identified risks and The irnplementdtion of procedure5 desi¥ned to minimise potential irnpact on the Charity Should those risks materialise. These tneasure5 have allowed the Trustees to be well equipped to manage and mitlbTate Tisks when confronted with thcm. This is spccially so while dcaling with risks that arise when dcaling with partners that are based overseas. The Trllstc¢s bcli¢v¢ that this approach to risk manag¢m¢nt is ¢ffc¢tiv¢. ACHIEVEMENTS & PERFORMANCE IHN UK completed the transfer of all assets and liabilities frorn its predecessor entity, Indus Health Network Icharity No.. 1154809) on 31 Dcc¢mb¢r 2021. Thi% was und¢rtak¢n aftcr obtaining prior approval from thc Charity Commi%sion. Net assets comprise all &sscts and liabilities that wcr¢ tran%f¢rrcd. With th¢ completion of this transfer, Indus Health Neiwork (Chariiy No= 11548091 submitted a domiani annual relurn for year end 31 December 2023 to the Charity Commission and notified that the PTedece55or entity has now closed.
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 Ineome and Utllizatlon W¢ ar¢ pleased io report a %ic3dy incrc3s¢ in raising ihc r¢strictcd a% w¢ll as unrc%trict¢d funds during thc year. Within thc various catcgorics of donations (Gcncral, Zakat, Sadaqah, Fidyah, Filranal, Ihcrc was a small dc¢rcase in the General donation5 which was more than adequately rnel by the addition of donations from Khums as a new category. Ttstal funds raised during the yeAr (excluding Gift Aid) were £2,242.618 {2022.. £2.133,311 l. This is a 5.1 % increase over the previous year. BearinbT in mind that attention of donors was tnore towards aid efforts in the Middle East, we are comfortable with this growth. Thc donations collcclcd wcrc deploycd towards proi'iding mcdical carc to ovcr 300,000 paticnt% at IHHN. Thcre were in ¢xces% of 25,000 patient visits, di3gno%tic% and moal% w¢r¢ di%tribut¢d to the mi)st vulncrablc patients. Theie were over 5,500 canLer treatments providing Lhemvtherdpy, 500 Lustom-lndde prusthetic litnbs ilttdched to affected patients and clubfoot treatments provided to children and adults. As part of the expansion project at the Karachi Hospital, a new matemity ward was funded for safe pregnancies and neonatal baby care. Grants A total of 28 granis wcrc approvcd totalling £3,899,669 {brcakdown by calcgory givcn bclow). All granis wcrc primarily for thc procurcm¢nt of equipment and %¢rviccs for th¢ b¢nefJl of IHHN for health car¢ and skill development well as fui the h05Pital expansion PTojeLt5 of IHHN at Karachi dnd Ldhore. General HoPital Supplies Hospital Equiptnent Hospital Expansion Health Care Skill Development Hospital Biosafety Consultancy Hospiial Plant & Machinery M¢di¢al Equipm¢nt Softwar¢ for Hospital Use Total £ 3,087 £ 160,483 £ 1.950,025 £ 20,000 £ 3,432 £ 12,059 £ 1,723,609 £ 26,974 £ 3,899,669 With thc ho%pital cxpansion programm¢ of IHHN not yet complcto, we ¢xp¢ct to rc¢cive further grant r¢qu¢sts for at least the coming year. Events Events in the year included the signature Annual Golf Tournament and speaker events with celebrities. As in the past, several community events were held which provided the opportunity to update donors on how theirdonations weie deployed. Somc k¢y cvcnls hcld during 2023 are listed bclow.. Fundraising drives in Maich and October of 2023 in inultiple locations (Biiiningham. Manchester. Bradlord, Kent, Luton, Croydon, Slough, Caidiff, Bient. Walthamstow, Sheffield. Hull. Glasgow, Leicester, and Ntsttinghaml
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 Trekkin¥y on Mount Snowdon (ioiftournarnenis in London and Leeds Cricket tOUTndtnent in Leeds Badminton tournament in Rotherha Liv¢ Tclcthons on TV ¢hanncl% during Ramadan 2023 Charity car washes in multiple towns in the UK Other initiatives IHN UK has collaborated with Grcat Orrnond Strcct Hospital IGOSHI to help cstablish a Sight and Sound Ccntre in London. IHN UK has collaboratcd undcr an agrccmcnt with thc King's Trust International (fornierly Prince's Trust Intcrnalionall, on a "Gct into Hcalthcarc" programmc at its Karachi ho%pital. This collaboration commcnccd on 6th May 2022 as a thrcc ycar programmc to raisc the %tandards of the nur%ing %taff of IHHN. IHN UK ha% al%0 tcamcd up with NHS Lceds Tcaching Hospital to trdin master trdincrs in emergcncy care scrvices through Ihc CHALO program. IHN UK has been supporting to broadcast a weekly interactive live show on Sky TV, raising awareness and offering advice on common diseases affecting the Asian community in the UK, such as menial health. diabetes, hypertension, and cardiac illnesses etc. Exp¢ndlture Extra cffort was necdcd during thc ycar to attract donations. principally cau%cd by donor-fatiguc to help in othcr regional conflict%. Whilc du¢ recognition is to bc giv¢n to the fund-rai%ing team, it had lis conscqucntial cffcct on the expense line for IHN UK which were all funded from the Unrestricted Funds. Thc advcrtisinglpromotionallcvent costs incrcascd to £323.090 12022.. £234,866) with the overall cost of generating fund% reaching £390,22212022.. £283,287). The support & ¥overnance cost increased to £154,346 (2022.. £128.6811. The Restricted Fund expenditure only comprises of direct grant killg for the furtherance. rnaintenance and expansion project of IHHN. These are detailed in note 7A and 7B of the Notes to the Financial Statements. TITLE ASSET TRANSFERS Following thc Charity Coinmission approval for the transfcr of asscts frojn thc previous Charitablc Tst Indus Hcalih Nctwork (Charity No 11548091 to IHN UK. the Trn%tcc%, a%si8lcd by thc managcmcnl tcam, arranged for 011 till¢ and asset transfer of bank accounts, onlinc platforms including wcbsitc, inio IHN UK. Following ¢xt¢nded delay due to 5uppliei backlus, the Trustees can confiTm tht dll title et ttan&fers aTe concluded. The Ttuslees also received approval from IIMRC of the Gift Aid statu5 for IHN UK as part of the transfer process from the Charitablc Trust and thc incoOration to IHN UK. The Tru&tees of IHN UK exercised the trdnsfer of assets to IHN UK in an orderly manner and can confiTtn that thi% i% now complet¢ in Jll r¢sp¢cls.
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 PLANS FOR THE FUTURE To expand its reach for thc purpos¢ of creating furtherawareness of ihe excellent work being undertaken by IHHN, IHN UK will continue with a number of activitie5 includiiib.. Social event5 and bFeneral public gatherinbFS to reach out to the local communities in major citie5 1 towns 'ithin the UK Engagement wilh high network donors (existing and prospectivel FoTmation of additiunal volunteer ¥roups Social and digiial campaigns Raniadhan CatnpaibTn Annual goll., badminton & cricket tournament Charity run Levera¥in¥ the stion¥ support of British hedlthcare PTofes5ionals, IHN UK plans to expand it5 cominunity health awarenc%s program% a¢ro%s maji)r citi¢s and town% in the UK. The initiativ¢ will focus on British A%ian communiiies by organi7.ing workshops and raising awarcncss abou¢ common hcalth issues faced by these ethnic bTroups. Efforts will include protnotinb quit smokin¥y campaibTns and NHS blood donation drive5, ainonbF Otlier initiatives. As of October 2023. the Trustees confLmJ that they had received, approved and remitted a substantial number of post 31 Dcccmbcr 2022 grant rcqucsts from IHHN which arc includcd in thc accounts for thc currcnt year. Thesc grant r¢qu¢%ts arc matcrially rclat¢d to IHHN expansion programm¢ to crcaic grcat¢r capacity at thc hospitals to Ircal Ihc incrcasing number of patients in Karachi as w'ell as in Lahorc. A material gran¢ procurement prograrnmc for various mLdical items required granis in the region of £2 million which have been remitted. Non expansion grants for ongoing grants were also requesied and grants in the region of £180,000 were approved and remitted. These remittances of charitable gtants were eflected when IHN UK held urplus funds as of 31 Dcccmbcr 2022 lycarcndl and thc cyclc of grant rcmillanccs ovcrlaps into a ncw fjnancial year for the Charity. Further details arc within notcs 6, 7, 7A and 7B to thc accounts disclosing th¢ total grant making expendilure for this financial year. The Trustees shall continue to monitor ihe level of funds held in IHN UK and further the granis programme wilh its principal partner, IHHN 10 fulfil lis charitable obligations. With the transfer of as%cts from the uninci)rporaled charitable tru%t IHN Icharity No. I1154R(191 to IHN UK, all policie& uf IHN were adopted by the aLquiring entity. Updates aiid periudic review are undertaken to update policies where necessary. RESERVES POLICY DuiingF the year, the Reserve Policy that was being followed by the predecessor entity IHN ha5 been adopted by IHN UK. This requires that sufficient reserves are to be kept that can meet the cash outflow requirement for the next 12 Months. The Trustees are satisfied that the current reserves of the charity are adequate. ACKNOWLEDGMENT We are delighted with the continued goodwill being provided by our well-wishers especially those who have been rebFular donors to the ChaTity. Their donations are extremely valuable for the beneficiaries they rely on the
Indus Health Network UK Trustees, Annual Report Year ended 31 December 2023 Tllll%'l'l,:Tr'.%' iir..%PONSIBlI.I'rii.'_s prcvc 'rruSlL'L'
Indus Health Network UK Independent Auditorfs Report To The Trustees of Indus Health Network UK Year ended 31 December 2023 WL have audited Ihe financial sta1Cnts of Indus Health Nciwork UK Iihc'chariiyl lor Ihc ytr<)r cndcd 31 DLccmbcr 2023 which compri£¢ of th¢ Ststeinent ot. Financial Activities. the Balance Sh¢¢t. the c&8h flow slal¢rn¢nt and the r¢laied notes. including siBnifiLanl aLLvunlin¥ pulicies. The financial tewrtin¥ frarnewurk Ihdl has been applied in their PTepardtion is applicablc law and Uniicd Kingdom Accouniing Siandards including FRS102'Yhc Financial RLporting Siandard applicable in the UK and R¢publi¢ of Ireland" IUnit¢d Kingdom Cien¢Tally A¢c¢pt¢d Accounting Pradic¢l. In our opinion the financial stat¢meni5'. givc a truc and fair vicw of the siaie of ihe charity's affairs as ai 31 Dcccmber 2023, and of its incoming resources and applicalii>n of r¢%Durce4. for the y¢ar th¢n ended.. havL bccn propcrly prLyarcd in ac£ordancc wilh Uniied Kingdom Generally Accepied Accouniing Practice,. and hav¢ been prepared in accordanc¢ wilh the requireinent% of the Charities Act 2011. Basis for opinion We conducted our audit in accoTdance with International Stsndards on Auditin¥ IUKI IISAS IUKI and applicable law. Our reswnsibiliiiLS under those siandards arL lurihcr dLSLribLd In Ihe Auditor's respollsibiliiies lor Ihe audii of Ihc financial statements seLtiun uf OUT report. We are independent uf the charity in aCCL}aLe with the eihicdl iequirernents that ate releN'dnl io ouraudii olihc financial slalcmLtS in Ihc UK. including Ihc FRC'S Ethical Standard. and wc haic fulfillcd ouroihcr cihical reswnsibiliiics in accordancc wilh Ihcsc rcquircmenis. We believc Ihai the audit Cvidcnce we havc obiaincd is sufficieni and dppruptidle ILI PTuvide a basis fui uur vpiniun. Cothclu$ioths relatith% to 20111£ tontern In auditing ihe financial slateinents, we have concluded Ihat the trusiees, use of ihe going concern basis of accouniing in ihe PTeparation of the financial 8laternents is appTopriate. Based on th¢ w¢ have pertarmd. w¢ have not identified any tn3ttrial unc¢rtainli¢% T¢lating to ¢v¢nts OT condilian% thllt, individudlly LTrILoIIcLIivL'ly. ttiay Ldst SILTnifiLani doubt un IhL LhdTiIy's dbility ILTr LonlitiUL' as a ¥uin¥ LunLLYn fvid pcriud uf ai l¢asl twelve monihs from when ihe financial siatanents are authorised for Issue. Our rcSn5lbil1lICS and ihe rcsponsibiliiics of (he trustecs wilh rp¢¢I to going eonccrn are dcscribed in Ihe relevani seeiions of thi% report. Other information The uiheT infomjalion comprises the infuT[[tion irteluded in the trustees, annual report. oiheT Ihart the finanLiul slaiemenis and uur duditor's Tepurt thereon. The trustees aTe te%ponsible fur the oihei infotIon cunlained within the annual report. Our opinion on the financial %talemenl% does not cover the other infomiation and. ¢xcept lo the ¢xt¢nt otheniise ¢xpliciily %tated in our repon, we do noi CxprLs any form olassurancc conclusion Ihcrcon. Our sPonSibl]Ity is tu Tedd the uiher infutmalivn and, in doing su, Lun5ider wheiheT the otheT infutmalion Is maieiidlly incoDsislent with ihe financial stal¢m¢nts, or our knowledge obtained in tlie cour4e of th¢ audit or oih¢rwise appears to be materially missiaied. If we ideniify such maierial inconsistencies or apparent maierial missiaiements, w¢ are required io dLierminc whLiher Ihis giics risc 10 a maictial missiaicmLni in Ihe financial siaiemLnis Ihcmscl%'Ls. Ir. bascd on IhL work we haN'L wform¢d, we cortilude thai there Is a tnaiL'rial mi551aiL'rtieni uf this other Informaiion, WL #re requiTL'd 10 repurl Ihai faei. W¢ have nothing lo report in ihis regard. Ixtters on whith Ive #re required tts report bv exoeption W¢ h3I'¢ noiliing lo r¢port in r¢sp¢ct of the following rnatters in relation to which the Chariti¢4 (Accounts and Rerts) Regulaiions 20D8 require us to r¢pon to you it.. in our opinion.. the information giv¢ll ill the financial %tst¢tn¢nt4 1% incon%i%t¢nt in any rnat¢rial r¢£p¢cl with th¢ Iruste¢s' r¢port', or Ihc eharily has not kLPI adcquaic aLLouniingt rccords.. or Ihe tinancial sthiein¢nis are not in agT¢em¢ni with Ihe accounting records and reiurns: or
Indus Health Network UK Independent Auditorfs Report To The Trustees of Indus Health Network UK Year ended 31 December 2023 we have not received all the Inf0ThtiOn and expldndtiuns we tequite foi OUT audit. Responsibilities of trustees As expldlrtL mvre fully in the trustees. respon5ibilili¢s siaiemerti Isei out on pagc 51, the trusiecs arc responsible for the pr¢pgr3tion ot. tinancial £tgteiKenis which give a true gnd fair view. and tor Such int¢rng1 control a% tlie iru41¢¢% d¢termin¢ is necessary lo ¢nable the preparaiion of tinancial stst¢m¢nls that are free from material misstaiemeni, whether due io fraud or error. In pr¢paring th¢ financial stal¢m¢nLs, th¢ tru%t¢¢% ar¢ T¢snSIble for as%¢ssing th¢ charity's ability to continue as a going concern. di%clo%ingT. gs 3pplicgble. Inatter% related lo going concern 2nd usiiig ih¢ going concern b&4is ol'accouniing unl¢&s th¢ trustees eiiher intend to Iiquidale the charity or to cease operaiions. or have no realistic aliemaiive but to do so. Auditor's responsibilities for the audit of the finathcil st*ttmtnts W¢ hav¢ been appoinl¢d a% auditor und¢r %¢dion 144 of th¢ Chariti¢% Act 2011 and r¢port in accordall¢e with the Act and relcvani rLkngtulaiions made or having LtrLLI Ih¢reundLr. Our objectives aTe to obtain Teasunable as%urance whether the financial statetnents as a whule aTe free frorn Tndterial tni%%latetnent, whether due lo fraud or etrur. and lu issue ali audilur's repun that includes our opinion. Rea%oiidble a4surance is a hib)h levLI of assuranel bui is noi a guaranilx thai an audii Lonductcd in accordancc with ISAS IUKI will always dcicci a maicrial mi5siaiLmLni when Il cxis15. MissiaiemLllis can arisL from Iraud or crror and are Lon51dercd material If. Individually UT in thL' aLgrrL'grdlL. they could reOnablY be expected 10 influence the economic deLisiOrts of useTS taken ort the bd5is uf these financial staiemtnis. Irrcgulariiies, including fraud. are insiances of non-compliance wilh laws and regulaiions. We design procedures in line with our respvnsibililies. ouilinLd abovL. 10 dLleCI maiLrial tni5slalLmLn15 in rLSPLLI v(IrrL¥1dntle, Iniluding fraud. WL plannLd aur audit %a that we hav¢ a r¢a4on3bl¢ ¢xpectalian of d¢lectinbT mal¢ri31 Ini%%tateineiitfi in th¢ finan¢ial.¥tal¢in¢nl% r¢%ulting froin irr¢gJularilie.4. t'raud or noii compliance 1th law or regulations. In id¢ntityingJ gnd asse%sing risk% ot'rngt¢rial 1111ssiateineni in r¢speci ot'irregulariiies, including fraud and non-complianc¢ with laws and regulations, our procedures included Ihc lollo%ving'. Perfomiing analyiical and substaniive procedures lo identify any unusual or unexpected relaiionships and iesling Iransacliundl satnple% juurnal enlTie% fLTrI aPPToprialene%s. A%s¢£sing7 whetlier judgT¢rn¢nl and a%4umptions Inade in d¢terinining accounting ¢stimal¢s indicaie pol¢ntial bias Inve4ligated trdnsaCtion4 M'hicli appear% unu%ual OT si¥nificanl in value dnd the Tationdle of tlie Iraiisaction. Enquiring wilh uusiees and th¢ chariiy whether they are aware OT hold knowledge of any non-compliance with laws and rcbyulaiions. F.nquiring7 with irusl¢¢s and ihe chariiy of their internal conirols ¢siablish¢d to miligatr risk related to fraud OT non- compliance wilh laws and rcgulaiions. RL'N'IL'W'ingr aLLuiinlinLT C5titnalc5 fur bia5 artd evaluaiirtg whether CiTcumsiances pruducing bias, Tepreseni a risk ot'mal¢rial missialemenl due io fraud, ReN'ieTh'ingF LorrespvndL'nLe wilh HMRC and relevant regulators. Assessing financial siatemeni disclosures and t¢sling lo supponing documentation for compliance wilh applicable laws and rcgulaiions. B¢c&use of the inh¢r¢nt limitations of an audit. there 1% a risk that w¢ will not d¢t¢ct all irr¢gularilie4. including those leading to a maierial mis%tgtem¢nt in Ihe tinancial staieinenis or noD.coinpliance with regyulation. Thi% ri%k increa%es Ihe more thai coinpliance wilh a law or re&UlatIOn is removed froin the ei'enis and iransaeiions reflected in the financial siai¢inenls, as we Ivill Ic55 likLly 10 bccome amarc of insianccs of non4ompliance. Thc risk is also gtrLaicr rLgardinby irrebyulaniics occurring du¢ to fraud rather than ernr. as fraud involves intentional conc¢altn¢nt, foTg¢ry, collu4ion, omission or misrepre4entalion. A furthcr deycripiiun of our reSWnlbl]l17C¥ fvr IhL audit of thL finanLial sl#lLmLrt15 Is locaiLd on IhL Financial RLWrting CuunLiI's website http../1wWw.ftl.O[.lIliditVraUdit-&s5urdnLeIaUdiIO[-s-sWIbIIitie-(U[-Ihe-audit-uf-Ihe- fddescripli0n-of-the-audito1E20/sao 99s-Rsponsibilities-fur. Thi% desctiplion furtns part uf OUT auditOT'S tepurt. Wecorninunlcaitryth those clwged gO¢mancereglng. ong0th¢r matters. theplwined 5cop¢ riming oftheaudiiand ificani a11 thclwlingany silfIL?ldcfIo1cll¢its in iniemal control thai wc idmiify during OuralI1.
Indus Health Network UK Independent Auditor's Report To The Trustees of Indus Health NeOrk UK Year ended 31 December 2023 AIiIF' MAI.IDA (Seniur Slatiitun Audiiori on behall-Lil-Aril' lulida ChartifL'd ALLoiinianis. Slaiuton Aiidifr)r l.i)ndi)n Sll'16 6%Q .4ri]'.Ilulid£i }.% ¥ligihl¥ io Gctus É7ti(IIpc)I' iii iL'rJy5 ofsec'liOJ7 1712 ofili¥ C(JiFip(tiiigs.4ri 21N)6 10
Indus Health Network UK Statement of Financial Activities Year ended 31 December 2023 2023 Restricted runds 2022 Unrestricted funds Total fund5 Total funds Income From Donations and Icgacics Total incojne 1,160,323 1,345,661 2,505,9114 2,450,567 1,160.323 1,345,661 2,50S,984 2,450.567 Expenditure On Raisinbi Funds Chdritable activities 1390.222) 1390,222) 11.335,265) {2.718,750) (4,054,015) 1283,2871 1436,4711 617 Tot#1 ExpeDditure 11,725,487) {2.718,750) (4,444,237) 1719,7581 Net Income l (Expenditure) for the Year before other recognised gains / (losses) 1565.164) {1,373.089} (1.938.253) 1,730.809 Other Recogni5ed Gain5 1 (losses} Other gains / IIOs5esl Net movement funds 1565,164) {1.373,089) (1.938,253) 1,730,809 Reeoneiliation of funds 963,720 1,513.401 2,477.121 746,312 Total funds earrled forward 9113 398.556 140.312 538,868 2,477.121 The statement of financial activities inLludes all gains and losses reLognised in the year. All income and expendiiure derive from coniinuing activities. Tho notès on ès 14 to 22 form art of thèsè financial stst•mènts. 11
Indus Health Network UK Statement of Financial Position 31 December 2023 2Q23 Debli)rs 4DJ,2112 734,431 ? j88.!86 CrL(lilurs 174.76f I 1194,$631 SJ8,8lh8 -$38,116Y Nct A%$el -SJY,81iY •477.1•1 13 ij JYll.SS(Tr 140.312 9f>l.720 IJ 38.868 7.477,1 ?1 The notes on es 14to22form art of Ihgse financial staternents.
Indus Health Network UK Statement of Cash Flow 31 December 2023 2023 2022 Cash flows from operating activities Nct Income / Icxpcnditiircl for thc financial year {1,938,253} 1,730,809 Change.f IIR.. Ilncrca%c) / Dccrcasc in debtors Incrcase / IDccrca%e) in crcditor Incrcase / IDccrca%e) in Accrucd cxpcnscs Cash generated from / (used in) operations (11,9741 98,398 114,0001 1256.7951 (25,2351 15.447 72,424 1266.5831 Net cash from l (used in) operating activities {1,865.829} 1,464.226 Cash flows from financing activities Net cash luscd inl I from financing aciivitics Net increase I IdecreA5e) in ¢osh and ¢a$h equivalents {1,865,829} 1,464,226 C85h transferred from Indus Health Network No 11541109 {IYote 13) CA5h and cash equiv8lent5 at beginning of yeAr Cash and cash equivalents at end of vear 2,269,031 804,805 403,202 2,269.031 The notes on e5 14 to 22 forrn art of these financial staternents. 13
Indus Health Network UK Notes to the Financial statements 31 December 2023 General iDformatioD & Basis of Aceounting Th¢ charity is a public bcncfit ¢ntity and a r¢gi8ter¢d charitable in¢orporat¢d organi%ation r¢gistcr¢d in England and Wales. The addresb ol'the prinLipal oflice is 7 Bradman House. Abercom Place, Si Johns Wo(xl. London NW8 9XY. The natuie of the charity's operations and principal activities are the reliel. of financial poverty and sullering in KaraLhi and othei Lities in Pakistan by pioN'iding aid and assisting in setting up hospitals. The Charity Lonstitutes a public benefit entity as defined by FRS 102. The linancial statements have been prepared in accordance with AcLoulliing and Reporting by Charities". Statement ol'Recommended Practice applicable to charities piepaiing their aLcounts in aCLordance with the Financial Reporting Standard applicable in the UK and Republic ol. Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic ol. Ireland IFRS 1021, the Charities Act 2011, and UK Generally Accepted Prattice. The financial statements are prepared on a going concern basis (note 31 and the functional currency ol. the charity is in Sterling. The finallcial statements have been prepared under the historical cost convention. Statement of compliance Th¢sc flnancial siatcmcntq hav¢ bc¢n prcpar¢d in Compliance with FRS 102, 'Thc Financial Reporting Standard applicable in the UK and th¢ Republic of Ireland,, the Siatcm¢ni of Recnmmcnd¢d Practi¢¢ applicable 10 charities preparing their accounts in acLoidance with the Financial Reporting Standard applicable in the UK and Republic ol. Ireland IFRS 1021 (Charities SORP IFRS 1021 and the Charities Act 2011. Aecounting polieies Basis of preparatio The financial staiemenis have been prepared on the historical cost accrual basis, as modified by the revaluation of certain fjnancial asseis and liabililies where required by law. The financial staiements are preparcd in sterling. which is thc funciional currency of ihL cnlity. Going concern The finallcial statcmcnts havc becn prcparcd on a going concern basis as thc trustccs bclicvc that no mateTial uncertaintics cxist. Thc truslcc5 havc considcred thc Icvel offunds hcld and as a minimum the cxpcctcd Icvel of incomc and cxpcnditurc for thc pcriod of twclve months from the datc of auihorising thcsc financial statcmcnts. The continucd income and expenditure are sutTicient with the level of reserves for the charity to be able to continue as a going concern. Fund accounting Uniestiicted I'unds are available for use at the discietion of the trustees to further any of the Charity's purposes. Restricted funds are subjected to TestTiCtion5 on their expenditure declared by the donor or through the teTtns of an appe[ foi particul purpose5. The aiin and use of each restricted fund is set out in the notes to the financial %tatcm¢nts. Incoming resources All incoming resources are included in the staiement of financial activities when eniitlemeni has passed to the chariiy,. it is probable thai the economic benefils associated with the iransaciion will flow ¢0 the charity and the amouni can be reliably measured. The following specific policies are applied io particular caiegories of incorne-. 14
Indus Health Network UK Notes to the Financial statements 31 December 2023 income from donations or grants is recognised when there is evidence of entitlement io the gift, receipt is probablc. and lis amouni can be measurcd reliably. Gift Aid lax recovcrablc under ihe Gifi Aid Scheme is rc¢ognised when there is an cntitlcment, ccnainty of rcccipt and the amount measured with suffi¢icnt rL.liability. Where a claim for repayment of income tax has been or will be mad¢, such income is included in the debiors, if not received by the year end. Resources exptndtd Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be llY recovered, and is classified under headings of the statement of f]nancial activities to which it relates.. expenditure on raising funds includes the cost5 of all fundraisin¥ activities, events, non-chiltitable tTading aLtivities, and the sale of donated ¥oods in attruLtin¥ voluntary income. Thi5 inLlude5 Losts such as a fundrdisin¥ rnana¥er {¢tsn5ultantl, and travel atnon¥ other directly relatable costs-. expcnditurc on chariiablc activitics includc% all cost% incurrcd by a charity in undcrtaking activities that furthcr it% charitablc aiJn% for thc bcncfit of its bcncfjciarics, including thosc suppon co%ts and co%ts rclating to Ihc govcrnancc of thc charity apponiot]cd to charitablc aclivitics. Thcsc includc direct charitable expenditure, grants and support Costs relating to those activities. (iranis payable to other organibaiions are recognised in the SOFA when approved by ihe trustees and tem)s are payable. other expenditure includes all expet]diture that 15 neither related to raising fund5 for the charity nor part of its expenditure on charitable acliN'ities. Support costs.. Support costs are those funciions thai assisi ihe work of the charity bu¢ do not directly undertake chariiable activities. Support cosis for a singlc activity are allocated to ihe particularaciivity where the cos¢ rclaies directly lo that activity. However, Support costs Ihat represent the suppon functions of managemLnt, finance, human resources, IT and suppon departments at¢ribulable to the managcmLni of the Charity's assets. are allocaied in proportion to the iype of Charitable activity during the PLriod. These costs have been allocated beiween cost of raising funds and expendilure on chariiablc aclivilics. Thc bases on which support cosis have been allocated arc set out in note 7 All cosis are allocatcd to expendilurc caiegories reflecting Ihc use of the resource. Direci costs attribuiable lo a single activiiy are allocated directly to thai actii'ity. Shared costs are apportioned between ihe acliiilies they contribute io on a reasonable. jusliliable and consisieni basis. GoveTnance costs.. are the costs associated with the ¥oveTnance arran¥ement5 of the charity. These costs lire aSSOLILlted with conslitulioridl and ststutory Tequirements and include any costs ilSSOCldled with the strategic management of the Lharily's aLtivilies. GoveTnanLe support LOSts are allocated on tlie basi5 of support activitie& piovided on Llearly inlerpieted governance mdlters. ForeigD Currency and Reaiised GaiThs aDd 1055es Tran5aclion5 iii foreibFn CUTrency are translated al rates prevailinbT at the date of the transaction. Balances denoininated in foreibFn CUTTencies are translated at the rate prevailing at the year-end. All exchange diffcrcnces arc rc¢ognised through the %tat¢ment of financial a¢iikiii¢%. Rcalised gains and lo%s¢% arc calculated as th¢ ditTcr¢ncc bciwccn incom¢ procccds and their ¢arrying valuc and arc recogniscd in ihc Statement of Financial A¢iiviti¢s as they Jrisc. Debtors and creditors receivable I payable within one ye&r D¢bt0 and ¢rcditors with no stated inler¢%t ratc and rcccivablc or payabl¢ within onc year are recorded at transaction pri¢¢. Any losscs ari%ing from impairnient arc r¢cogni%¢d in cxpcnditurc. 15
Indus Health Network UK Notes to the Financial statements 31 December 2023 Cash and cash equivalents Cash and cash cquivalents include cash in hand and balanccs hcld with financial banking or platforni institutions with whom thc charity has a bank account or platfom) relationship with. Taxation The INSI is a registered and exempl charity within the meaning of Schedule 3 Chariiies Act 2011 and therefore is not liable to income tax from lis charitable aciii'ities. Vat.. Costs are recorded gross of VA T and the charity is not registered lor VAT, so all costs are recognised gross of VAT. Income from Donations legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations (ieneral Donations Gifi Aid Khum5 Donations Zakat Donation5 Sadaqah Donation5 Fidyah Donatioiis Fitrana Donations 636.603 263,366 260,354 636.603 263,366 260,354 995,563 332,024 1.470 16,604 995,563 332.024 1,470 16.604 1.160,323 lJ45,661 2J05,984 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Cjcncral Donations Cjifi Aid Zakat Donations Sadaqah Donations Fidyah Donations Fitrana Donations 823.159 317.256 823.159 317.256 994.520 313.256 520 1,856 994,520 3 13,256 520 1,856 1,140,415 1,310,152 2,450,467 Raising Funds: UnrestTiCted Funds Restricted Total Funds Funds 2023 FundraisinbF Adininistrators Adv¢rtising I Promotional l Ev¢nt l Travel Costs Totgl cost of generating fund5 67.132 323,(190 67,132 323,090 390,222 390,222 16
Indus Health Network UK Notes to the Financial statements 31 December 2023 Unrcstrictcd Funds Rcstricted Total Funds Funds 2022 Fundraising Administrators Advertising I Promotional / Evcnt Costs 48,421 234,866 48,421 234,866 Total cost of generating funds 283,287 283,287 Charitable Activities: Unrestricted Funds Restricted Total Funds Funds 21123 Grant making Support & Governance Costs 1,180,919 154,346 2,718,750 3.899,669 154,340 TotAI cost of cbaritAble Activities 1,335,265 2,718,750 4,054,015 Unrestricted Funds Rcstricted Total Funds Funds 2022 Grant making Support & (iovernance Costs 307.790 128.681 307.790 128.681 Total cost of charitable actii'ities 436.471 436,471 The following nL)tes 7, 7A and 7B provid¢ a further breakdown of cost all(allonS including grants spcnding disclo%urcs for charitable activities. All support and gov¢rnance Costs have b¢cn recogniscd und¢r unrcsirictcd funds only. Restricted fund expenditure only comprises ol. direct grant making expenditure for the furtherance. maintcnanc¢ and cxpan%ion projcci of Indu% Ho%pi131 & Health Network, Karachi, Pakistan. Such restricted grant expenditure is disclosed further in ntste 7A and 7B alongside restricted fund breakdown in note 9. 17
Indus Health Network UK Notes to the Financial statements 31 December 2023 EXPENDITURE ANALYSIS Charitsble ¥ctivities 2023 Total 2022 Total Cost of g¢n¢Tating funds Direct 390.222 390,222 283,287 Grant Makin¥ Direct 3,899,669 3099.669 307,790 Bartk chdr¥e Suppurt 19.787 19,787 26.625 Adminisirnior Ftts Suppon 26,200 13,100 39JlJO 53.958 Office & Admillisirdiiwe expen%es Suppurt 58,553 58,S53 25,965 Travel and Moior expense Support 13,950 13.950 2,926 Subscriptions Suppon 5,816 5.816 4,292 Printing, Pustage dnd Ststionery. soft.re Support 2,540 2,540 515 Audit fees Govetnance 14,4 14,41H) 14,41X) Total expendityre 2023 39W222 3,92SJ69 27,Sl)O 100,fA6 4,444237 Total expLndiiurL' 2022 283,287 338J81 37,567 60J23 791,758 18
Indus Health Network UK Notes to the Financial statements 31 December 2023 7A. Analysis of Grants ANALYSIS OF GRANTS TO INSTITUTIONS AND INDIVIDUALS Activitv Institution5 Indii'iduals General Hospital supplies Hospital Equipincnt Hospital Expallsion Health Care Skill Dcvelopincnt Hoqpital Biosafciy Consultancy Hospital Plant & Machinery Software for Hospital Use Medical Equipment Procured for Hospital Insii¢ulions 3,087 160,483 1.950,025 20,000 3,432 12,059 26,974 1,723,609 TOTAL 202J 3,899.609 Artivitv Institutions Individuals Hospitals / Mcdical Ccntrcs & Illness trcatm¢nts Mcdical Equipm¢nt Pro¢urcd for Hospital In%iitutions 13,320 294,470 TOTAL 2022 307,790 li. ANALYSIS OF TOTAL GRANTS BY FUND TYPE Activity Unrestricted General l £ 3,087 160,483 39,187 20,000 3,432 Unrestricted Restricted Restricted Khums 1£ Zakat l £ Sadaqah l £ Generdl Hospital supplies Hospital Equipment Hospital Expansion Health Care Skill Development Hospitsl Biosalety Consultancy Hospiial Plant & MaLhinery Software for Hospiial Use Medical Equipmeni Procured for Hospital Institutions TOTAL 2023 1,910.838 26,974 655,343 260,354 807,912 9211,56S 260,354 1,910,838 807,912 Actlvlty Unrestrleted General l £ Hospitals l Medical Centres & Illness treatments 13,320 Medical Equipment Procured for Hospital 294,470 Institutions Unrestrleted Restrleted Khums l £ Zakat l £ Restrleted Sadaqah l £ TOTAL 2022 307,790 19
Indus Health Network UK Notes to the Financial statements 31 December 2023 ANALYSIS OF MAJOR INSTITUTIONAL GRANTS Material Institutional grants (greater than £ 2,000) were paid as follows.. Name Amount I Activity Thc King's Trnst Intcrnational for the bcneficial bcnefit of Indus Ho%pital & Hcalth Nctwork, Paki%tan 20,000 Health care skill developmcnt of Hospital pcrsonncl Mcdical and Hospital rclatcd procurcmcnt for the supply to and bcncficial bencfit of Indus Hospital & Hcalth Nctwork, Pakistan 3,879,669 Hospital Plant & Machincry, Ho%pilal Expansion. Gcncral Supplic8, Biosafcty Consultancy, Software for Hospiial Use and Medical Equipment Procured lor Hospital Insiituiions Total 2023 3,899.609 Total 2022 307,790 7B. Grants payable 20231£ 167.315 20221£ 74,460 Committed Amounts Carried forward Grant commitment 167,315 74,460 Commiiicd grants amounts carried forward of £ 167,315 were rL'mitied by 31 March 2024 and werc rclatcd lo unrcs¢ricted gran¢ making for Medical equipment £ 31.360 and Hospital expansion £ 133,955. 8. Net Income for the Year This is stated after charging: 2023 21122 Auditors. remuneration.. audit of thc fjnancial statcm¢nts 14,400 14.400 9. Analysis of charitable funds FllMd type At l January 2023 At Expenditure 31 December 2023 Income UMrestricted General fuDd5 963,720 1,160.323 {1,725,487) 398.556 Unrestricted funds carry forwArd 963,720 ,1011,323 {1,725.487} 398,556 Unrestrictcd fund% ¢ompri%¢ of donation% wh¢rc th¢ donor has not %p¢cifJcd any spccific condition or tcm) as to th¢ u%¢ of the donation incomc. 20
Indus Health Network UK Notes to the Financial statements 31 December 2023 Fund type At l January 2023 At 31 December 2023 Incomc Expcnditure Restrieted Fund- Zakat 1,035.137 995,563 1,910.838 119,862 Restrieted Fund- Sadaqab 475.888 332,024 807.912 Restricted Fund - Fidyah 520 1.470 .990 Restricted Fund - Fitrana 1,856 16,604 18.400 Restricted funds carry forward 1.51.1.40] 1,.145,661 2.718,750 140.311 RestTlCtcd funds comprise of donations where the donor has specified a deterniination on how the donation income shall be spcnt. 10. Debtors 2023 2022 Gift Aid Receivable PpaYMent 329.991 1,238 317,255 2,0(10 319255 I l. Analysis of cash and cash equivalents At 31 December 2023 At l January 2023 Cash flows Cash at bank 2,269,031 (1,865,829) 403,202 Cash at bank includes financial platforms with a rccognis¢d banking liccnce wh¢re funds ar¢ ci)Il¢ct¢d and held in thes¢ platforms with w¢ckly transfers to th¢ charity's main bank accounts. 12. Creditors". Amounts falling due within one year 2023 2022 Accruals Creditors 22,400 173,163 36,400 74,765 13. Fund balances at 31 December 2023 are represented by VDrestricted fund R¢5tricted fund Total fund5 2023 Debtors Cash at bank Creditors.. due within one year Totals 331,229 262,890 1195.$63 398 556 331.229 403.202 1195,5631 538,868 140,312 140.312 21
Indus Health Network UK Notes to the Financial statements 31 December 2023 14. Employees The charity has no employees durinsy the year and prior year. 15. Trustee remuneration and expenses No trustee received any remuneration for the year ended 31 December 202312022.. Nil) 16. Related Parties and Related party transactions The charity is affiliated with Indus Hospiial & Health Neiwork, Karachi, Pakistan (Pakistan Entity number- 00665911 {"the Hospital"). Accordingly, thL charity has been iniiiatcd to fundraise for Charitable grants in rcspccl of thc Hospital and ihe Hospital has been the primary beneficiary of the Grants paid and disclosed wiihin noie 7 of the noies io the financial stalLmcnts. Within noie 7, total grants paid and commiiied to the Hospital and on its behalf amounted ¢0 £ 3,894,66912022.. £ 307,7901. Whilst thc chariiy has ihis affiliation, thL board of trustees of ¢h¢ chariiy are indcpcndcnt of The Hospital and do not hold any key management or direcior positions within the Hospiial. 22