CHARITY REGISTRATION NUMBER: 1194571 Indus Health Network UK REPORT & FINANCIAL STATEMENTS 31 December 2024 Indus Health Network UK Financial Statements Year ended 31 December 2024 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 2024 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 Mallingy 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 2024 The Trustees present their annual report together with the financial statements lor the Charity for the year end 31 Dccembcr 2024. Thc Trustccs havc adopted thc provisions of the Statcn)ent of Recommcndcd Practice 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 makingT 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 individuals and institutions whosc applications for grant making mcct thc cligibiliiy critcria, a% sct out within thc Charity Comrni%sion for England and Wal¢s. arc cntertain¢d. This would includ¢ grant% to ov¢rsca% organizations Ihal have charitable or noi-for-profii siaius in their location of operaiion or io individuals considered in need of charitable donations a5 Outlined in the Objectives. IHN UK receives grani applications primarily from or for the benefit of IHHN which are reviewed by the Trustees on a case-to-case basis. The Chaiity assesses the grant requests tsking into account the putpose. its impact and whethcr thcy ar¢ in linc with th¢ overall obj¢ctives %¢1 by IHN UK. Thc a8%¢s%m¢nt also tak¢s into account whcthcr th¢re are mechani%m% ¢slabli%hcd with th¢ grant applicant that would allow th¢ ongoing monitoring and ¢valualion of the projeci including ils sustainability. To sireamline ihis process, a siandard fom)at has been established which has been found adequate for the onbTOing grant applications. Once a grant has been approved by the Trustees only then does a grant become payable. Authorisation is then accorded by the Ttustees tts release the funds to the beneficiary.. The Trustees ensure that Iheie is adherence to all thc Know-Your-Donor, Know-Your-B¢n¢fJ¢iary and Know-Your-Partn¢r r¢quireyn¢nts as laid down by th¢ Indus Health Network UK Trustees, Annual Report Year ended 31 December 2024 Regulatory authorities. The Trnstees set stritt standards to ensure that each transaction is screened against all the Financial Sanction lists, including OFSI and OFAC. A proccdurc is in placc to monitor that grants arc bcing deploy¢d for the purpo8¢ int¢nd¢d. For the rnaintenance of adequate cashflow5 that are required to rneet the overall running of the Charity, the Trustees ensurc that a minimum reserve is retained at all times prior to considering any grani application (see Reserves Policy below). STRUCTURE, GOVERNAf4CE & MAIYAGEMENT The govemance responsibilities of IHN UK are overseen by Trustees having extensive and diverse exposure, on a pro bono basis. They include specialists from the medical field, Iinance. markeiing and Ihose with community knowledge. The Trustees develop strategies and provide guidance to steer the Charity towards achieving ilb laid- down goals and objcctives within thc Rcgulatory framcwork. The Charity's Constitution, backed by a number of internal poliLies sets. the framework to oversee the raisin¥ of awareness of IHHN5 initiatives, collection of donation5 and its deployment. An annual bud&Fet IS Set based on the previous year's perfomiance wilh close attention being placed on cosi-to-income ratios. The Trusiees hold regular meetings during the year io monitor performance. When required, policies are discussed and updated, requests for grants are reviewed for approval and new initiatives discussed prior to them being launched. 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 development of variou5 channels to communicate with the donor communiiy including,. engaging volunieers for the fom)ation of chapiers around ihc UK, live appLals on radiorrv, health shows on specific TV channels, live talks via Zoom or other virtual means. Periodic golllcrickevbadminion toumaments are also arranged duiing the year. In addition to building awareness, the consultants are responsible to maintain donor records in a manner that provides adequate proleLlion tu meet GDPR biuidelines and enablingF the subrni55ion of peTiodic ¥ift ￿ld 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 Trustee brings. It is also imperative that prospective trustees are people with integrity and good ieputation in the Lommunity. Indus Health Network UK Trustees, Annual Report Year ended 31 December 2024 Two new trustees were brought in subsequent to the closing of these aceounts. One of them is an experienced mcdical practitioncr working with thc NHS whilc the othcr trustcc is a wcll-rcspected community cldcr. With a total complcmcnt of 6 Trustws, IHN UK ha8 ¢nhanced iLs ability 10 ov¢rs¢c the expanding aciiviti¢s of the Charity through a good balancc of specialists. Public Benefit Thc Tru%tcc% havc rcfcrred to thc Commi%%ion's guidance on Public Bcncfjt, including thc guidancc 'Publi¢ benelit.. running a Charity {PB2), and conlim that the chaiitable activities ale undettaken for public benefit. FUND-RAISING STANDARDS INFORMATION IHN UK has noi engag￿ any extemal professional fundraisernorany ]mon oraeommthrial company lo act on itsbehalf lo fund raise. There are nknce with it. It has rcgistcrcd itself on thc Fundraising Prcfercncc Scrvicc (FPS) which is a secure charity portal of FR, to cnsur¢ that it docs not send dircct Tnarketing communications to pcoplc who havc madc an FPS rcqucst. IHN UK uscs Donorfy CRM, a GDPR compliant application that rLxords thc donor's communication prcfcrcnces for fi￿er contact with thcm. IHN UK is committcd to PJK)t¢¢ting and rc%pccting privacy and %ccurity of iLs donors and tclicvcs that their pcrwnal data is an 'Amanah' Ittustl- much like the donations- and arc thcreforc committed io i￿ing open and transparcnl aLx)ul how the daLa is slored and used. The ChaTity ha5 a Data Protection and Privacy policy which oiitline5 1)ow' daLa is collect¢xi. nunagcd, USLII and M￿a￿S of PTolccting the PCTsonai infonnation. This policy is accessible to the public via the IHN UK wcb%itc. https.'IlinduSho%pital.org.uWprivacy-￿JieYl IHN UK dtts not practice a u)Id telephone fundrdising campaibm so as to avoid and pro￿ vu]nerable ￿￿pIe and other membets of the public. RISK MANAGEMENT IHN UK has a risk management policy which includes: A periodic r¢vicw of potential ri%k8; Thc establishment of systcms and procedures to rnitigate those identified risks and The implementation of procedures designed io minimise any potential impact on ihe Charity should those risks materialise. These measures have allowed the Trustees to be well equipped to manage and mitigate risks when confronted with them. This is specially so while dealing with risks that arise when dealing with partners that are based overseas. The T￿￿tee5 believe that this appToach to risk ￿￿￿￿￿e[nent is effective. ACHIEVEMENTS & PERFORMANCE A much greaier thrust has been made ai IHN UK to raise donations, via roising awarcncss with targcied communitie5. owing prirnarily for the ￿￿jor expansion that is underway at IHHN to build hi¥her capdclty for Serving the increasinbT number of patient5. Thi5 has been possible throubFh engabFeinent with cornmunity workers and thc cxpandiiig number of cliaplcrs in a numbcr of citics in ihc UK. Indus Health Network UK Trustees, Annual Report Year ended 31 December 2024 There has been a collaborative effort with the founders ol'lHHN and the teamwork spirit that has been created at IHN UK to gamcr thc support of the Pakistani diaspora in thc UK. Visits by scnior doctors from IHHN have provcn highly eff¢ctivc as it provides first hand ¢xp¢ricn¢c8 that can b¢ ¢onv¢y¢d across to pro%p¢ctivc donors. The resultant achievements underscores a rnuch higher degree of potential that exists in the UK to assist in this very noble cause. Income and Utilizatio Throu¥yh the concerted effort5 of the team. donation5 raised was much better than expected even thoubFh the overall donations raised totalling £1.988,848 was approx. I l /0 lower than the previous year {2023.. £2.242,618). In an cnvironmcnt whcre substantial sums from our donors werc divertcd towards providing rclicf for Gaza victims with other charities. this drop is considered quite satisfactory by the Trustees. Amongst the various categories of donaiions, there was a 25 /D increase in the General Donaiions and a marginal increase of 2 /0 in the Zakai caiegory. The key reduction can be attributed to having nil donations in the category ol. Khums which was a one-olyduring 20231£263,6031. The impact of ihc overall reduction in donaiions is reflected in reduced funds in the Resiricted as well as Unrestricted catebTOry. It is pertinent 10 mention that Gill Aid claims have not been made during the year but a substantial sum is expected to be Llaimed that would adequately meet or exceed the previous yeur's Incoine. Grants A total of 10 grants were approved totalling £496,406 (breakdown by category given below). All grants were primarily for the procurement of equipment and services for the benefit of IHHN for health tare and skill developtnent well as for the hospi￿[ expansion projects. of IHHN at Karachi and LahoTe. Health care skill £46,680 £50,226 £399,500 £496,406 Hospital Equiptnent Hospital Expansion Total Thc usual framework for approving and rcl¢a%ing grant% wa% cxerci%cd in that it should mcci th¢ cor¢ objcctiv¢s f IHN UK. Clo%¢ %¢rutiny 1% und¢rtakcn on th¢ b¢ncfJciaries wh¢r¢ payments arc to bc sent by checking the names against the variou& sanction lists. The monitoring pioce5s maintsins an ove15isht to ensure that tlie grants deployed for the intended purpose. With the hospital expansion programme of IHHN not yet complete, we expect to receive further grant requests for at least the cornin¥ ye￿. Events During the year, IHN UK continued to strengthen its community engagement and fundraibing efforts through a diverse calendar of events. held acr055 the country. Seiies ofFundraising Gala Dinners reinained the highlights of th¢ ycar. Thcs¢ ¢vcnt% not only ￿er￿ed major fundraising opportunitics but al%0 allowed thc chariry to COnn￿t Indus Health Network UK Trustees, Annual Report Year ended 31 December 2024 directly with donors, providing updates on how their generous contributions are transfomiing lives through IHHN in Pakistan. In addition to these flagship activities. several community-driven initiatives took place, fostering greater awareness and participation at the bFfdssroots level. Key events during 2024 National lundraising Lampaigns held in March and October 2024. spanning multiple loLations including Birminghajn. Manchc%tcr. Bradford, Kcllt, Luton, Croydon, Slough, Cardiff, Brcnt, WalthaJn%iow, Shcfficld, Hull, Gla%gow, Leicestcr, and Nottingham. Challenge fundraising events, inLluding trekking actLVlties. des]￿ed to encourage healthy Community en¥a¥ement while iaisin¥ essentln 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 accordance with International SiandJTds on Auditing IUKI ISAS IUKI and applicdble law. Our reswnsibiliiiLS under those siandards arL lurihcr dLSLribLd In Ihe Auditor's responsibilities lor Ihe audii of Ihc financial statements seLtiun uf OUT report. We are independent uf the charity in aCCL}￿a￿Le with the eihicdl iequirernents that ate relevant io ouraudii olihc financial slalcmL￿tS in Ihc UK. including Ihc FRC'S Ethical Standard. and wc haic fulfillcd ouroihcr cihical reswnsibiliiics in accordanee wilh Ihcsc rcquircmenis. We believc (hat the audit Cvidcncc we havc obiaincd is sufficient 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 rcS￿n5lbil1lICS and ihe rcsponsibiliiics of (he trustecs wilh r￿p¢¢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 infO￿tIOn cunlained within the ￿nual Tep()rt. Our opinion on ihe financial siaiemenis does not cover the other Infomation and, except 10 Ihe extent otherwise explicitly stsied in our report, we do noi CxprL￿s any fom) olassurancc conclusion Ihcreon. Our ￿sPonSibl]Ity is tu Tedd the uiher irtfuTmalivn and, in dving su, LLl[l￿]der wheihei the uiheT informaliun is Thterially 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 material inconsisienci¢s or appareni Inaterial missiatem¢nis, we are required to dLierminc whLiher Ihis giics risc 10 a maictial missiaicmLni in Ihe financial siaiemLnis Ihcmsclvcs. Ir. bascd on IhL work wc haTre peTfonned. we conclude that theTe is a tlldlerial nii%%talement of thi% otheT inforniation. we are required to Teport that fact. W¢ have nothing lo report in ihi5 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 Telalion to which the Ch8riti¢8 IAccounLs gnd Report51 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 2024 we have not received all the Inf0Th￿tiOn and expldndtiuns we tequite foi OUT audit. Responsibilities of trustees As expldlrtL￿ mvre fully in the trustees. respon5ibilili¢s siaiemerti Isei out on pag*c 61, 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¢s￿nSIble 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 finathci*l 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 re￿OnablY 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 the fullom'ing.. 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. R¢Tri¢wing accountinby ¢£tiinal¢£ for bia% and evaluating whether circum£tsnc¢% producing any bi&s, r¢pr¢%¢nl 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 niaierial mis%tgteDi¢nt in Ihe tinancial staieinenis or noD.coinpliance with regyulgtion. This ri.4k incr¢a%¢s the mor¢ Ihai LurnplianLL' with a law ur reLTuldlivn is temuved frum the events and IranSdLtiuns tL'flL'LILTrd In thL' findllLidl slalLrncnls. as WL. will ￿ Ic55 likLly 10 bccome amarc of insianccs of non4ompliance. ThL risk is also gtrcaicr rLgardingk irrLbulariiies ocLurring du¢ to fraud rather than ernr. as fraud involves intentional conc¢altn¢nt, foTg¢ry, collu4ion, omission or misrepre4entalion. A furthcr deycripiiun of our reSWn￿lbl]l17C¥ fvr IhL audit of thL finanLial sl#lLmLrt15 Is locaiLd on IhL Financial RLWrting CuunLiI's website http￿../1wWw.ftl.O[￿.lI￿￿liditVr￿aUdit-&s5urdnLeIaUdiIO[-s-￿sW￿￿IbIIitie￿-(U[-Ihe-audit-uf-Ihe- fddescripli0n-of-the-audito￿1￿E20/sao 99s-Rsponsibilities-fur. Thi% desctiplion furtns part uf OUT auditOT'S tepurt. Wecorninunlcait￿ryth those clwged gO￿¢mancereg￿lng. ￿￿ong0th¢r matters. theplwined 5cop¢ ￿ riming oftheaudiiand ificani a￿11 thclwlingany si￿lfIL?￿ldcfIo1cll¢its in iniemal control thai wc idmiify during Oura￿lI1. Indus Health Network UK Independent Auditorfs Report To The Trustees of Indus Health Network UK Year ended 31 December 2024 Ust of tsur report This rewi1 is made solely to the dwity's trustees. 35 a body, in ac¢ordan¢e withParl 4ofthc Charsties {Accounts and Repottsl Regulation5 2008. Our audit ivork ha* ken llndert8ken so that we Iw_thi slate lo th¢ charity's trustees those inalteTs we are required to st￿¢ lo Iliem in an Auditor's report &nd forno othe¥ purpose. To Ihe tullestextenl peiinittcd by law. we do notaeeept or 25SUtne tt%pon8ibility ￿ BThyone other th8n Ihe charity And the charity's ttusttts &5 8 ix)dy, forour aiiditwork lor this repot¢ or for the opillions ive have formed. ARIF MALIDA IS¢nioi Siaiiitory Auditor} on beh￿f Df Arif Malida Chartered Accou￿tants, Statutory Auditor 66 Moyser Road London SW16 6SQ Date.. 2uIon025 Arifmalida is eligible io rtci auditor in É£rm.¥ ofseclion 1222 ofihe ComponiesAcI201J6. 10 Indus Health Network UK Statement of Financial Activities Year ended 31 December 2024 2024 Restricted runds 2023 Unrestricted funds Total fund5 Total funds Income From Donations and Icgacics Total incojne 796,020 1,192,828 1,98&848 2,505,984 796,020 1,192,828 1,98&848 2,505.984 Expenditure On Raisinbi Funds Chdritable activities 1431.466) 1336.838) (431,466) 1390,2221 (654.438) {4.054,0151 617 {317,600) Tot#1 ExpeDditure 1768.304) {317,600) (1,085,904) {4.444,2371 Net Income l (Expenditure) for the Year before other recognised gains / (losses) 27,716 875.228 902,944 {1.938,2531 Other Recogni5ed Gain5 1 (losses} Other gains / IIOs5esl Net movement funds 27,716 875.228 902.944 {1,938,2531 Reeoneiliation of funds 398,556 140.312 538.868 2,477.121 Total funds earrled forward 9113 426272 1.015.540 1.441.812 538.868 The statement of financial activities inLludes all gains and losses recognised 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 2024 21124 2023 Currtht •sxets Debtors Cash at bank 331.229 lJ23 Tol41 c•r￿N1.*￿ts 734.431 Creditors: *mouni$ f*lling due vlilhin yeAr Creditors Accruals 12 12 (43.084} 126.OIKII 1173.1631 2?.4001 Total Crediwrs: amounts falling dye within one year Net tur￿￿t assets {79.0841 1195.56.11 .441312 538,868 Total Assets kss ¢urYetht liabilities .441J12 538.868 Assety IA4IJ12 538.868 F￿ndS of the charity Unrestricted funds Resrri¢t¢d fvnds 13 13 426272 J98.556 140,312 Total ch•rlty fuDdJ 13 1.44lJ12 538.868 These finaneial stsiements were approved by the trt)ard of Ns*es and auth)rised for issue on 2211012025. and are signed on behalf of the of trustees by: Dr Mateen Durran Trustee Mr Anwar mahm{K￿ Za Trusiee Ch￿lty No.. 1194571 Th• nots• on 14 to 22 form rt ofthM• financlal •tsl•monts. 12 Indus Health Network UK Statement of Cash Flow 31 December 2024 2024 2023 Cash flows from operating activities Nct Income l (cxpcnditurcl for thc fiiiancial year 902,944 11,938,253) Change.f IIR.. Ilncrca%c) / Dccrcasc in debtors Incrcase / IDccrca%e) in crcditor Incrcase / IDccrca%e) in Accrucd cxpcnscs Cash generated from / {used inl operations 134,172 {120,0781 3,600 (11,9741 98.398 (14,0001 17,694 72,424 Net cash from I (used in) operating activities 920,638 11,865,829) Cash flows from financing activities Net cash luscd inl I from financing activities Net increase I IdecreA5e) in ¢osh And ¢a$h equivalents 920,638 11,865,829) CA5h and cash equiv8lent5 at beginning of yeAr Cash and cash equivalents at end of vear 4(13,202 2,269,031 1,323,840 403,202 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 2024 General iThformatioD & 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 address ol'the principal offiLe 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 201 I, 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. Rc%tricted fund% are %ubjccted to rc%trictions on thcir cxpcnditurc dcclarcd by thc donor or through the tcm)s of an appe￿1 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 2024 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 dcnominat¢d in foreign currcnci¢s arc Iran%lated at the rai¢ prcvailing 31 th¢ ycar-cnd. 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 2024 Cash and cash equivalents Cash and cash cquivalents include cash in hat]d and balanccs held 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 2024 Donations (ieneral Donations Gifi Aid Sadaqah Donations Fidyah Donations Zakat Donatior15 Fitrana Donations Kaffarah Donations 796.020 796.020 165.140 5,692 ,015.489 6,497 10 165,140 5.692 1,015,489 6.497 io 796,020 1.192,828 1.988,848 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Cjcncral Donations Cjifi Aid Zakat Donations Sadaqah Donations Fidyah Donations 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 .160,323 1,345.661 2,505,984 Raising Funds: UnresiriLted Funds Restricted Total Funds Funds 2024 Fundraising Administrators Advertising I Promotional l Event / Travel Costs Total cost of generating funds 71,880 359,586 71,880 359,586 431,466 431,460 16 Indus Health Network UK Notes to the Financial statements 31 December 2024 Unrcstrictcd Funds Rcstrictcd Total Funds Funds 2023 Fundraising Administrators Advcrtising I Promotional l Evcnt Costs 67,132 323,090 67,132 323,090 Total cost of generating funds 390.222 390.222 Charitable Activities: Unrestricted Funds Restricted Total Funds Funds 21124 Grant making Support & thvernance Costs 17%,A06 158,032 317,600 496,406 15¥,032 Total cost of eharltable #ctlvltl¢s 336,838 317.600 654,438 Unrestricted Funds Restricted Total Funds Funds 2023 Grant making Support & Governance Costs 1.180.919 154.346 2.718.750 3,899.669 154.346 Total cost of charitable 4ctii'ities 1,335,265 2,718,750 4,054.015 The following notcs 7, 7A and 7B provid¢ a further breakdown of CL)St all(￿allonS including grants spending disclosures for charitable activiiics. 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. maintenance and expansion piojeci of Indus Hospital & Health Netwoik, Karachi, Pakistan. Such restriLted grant expenditure is disclosed further in note 7A and 7B alongside restricted lund bieakdown in note 9. 17 Indus Health Network UK Notes to the Financial statements 31 December 2024 EXPENDITURE ANALYSIS Charitsble ¥ctivities 2024 Total 2023 Total Cost of g¢n¢Tating runds Direct 431.466 431,466 390,222 Grant Makin¥ Direct 496,406 496,4116 3.899,669 Bartk char¥e Suppurt 24.523 24,523 19.787 Adminisirnior Ftts Suppon 28.201 42J02 39.300 Office & Admillisirdiiwe ¢xpense5 Support 49.805 49,805 58.553 Travel and Moior expenses Support 19,397 19J97 13,950 Subscriptions Suppon 8,950 8.950 5,816 Printing, Pusta¥e dnd Staiioncry. Software Suppori 1,055 1,055 2.540 Audit fees Govetnance 12,0 12,(KH) 14,41X) Total expendityre 2024 431,466 524,607 26,101 103,730 1,08S,91M Total expLndiiurL' 2023 390,222 3,92SJ69 loo,￿6 4,444337 18 Indus Health Network UK Notes to the Financial statements 31 December 2024 7A. Analysis of Grants ANALYSIS OF GRANTS TO INSTITUTIONS AND INDIVIDUALS Activitv Institution5 Indii'iduals Hospital Equipment Hospital Expallsion Health Care Skill Dcvclopincnt 50,226 399,500 46,680 TOTAL 2024 496.406 Activitv Institution5 Indii'iduals Hospita15 1 Mcdical Ccntres & Illness treatincnts Medical Equipmcnt PTocurcd for Hospital In511tutioiis 3.478,832 420,837 TOTAL 2023 3,899,669 ii. ANALYSIS OF TOTAL GRANTS BY FUIYD TYPE Activity Unrestricted General l £ 50,22f> 81,90 46,680 178,806 Unre5tri£t¢d Restricted R¢stri¢ted Khums 1£ Zakat l £ S8d8qAh l £ Hospital Equipment Hospital Expansion Health Car¢ Skill Dev¢lopmcnt TOTAL 2024 243,200 74,400 243.200 74,400 Activity Unrestricted General l £ Hospitals l MediLal CeiitTes & Illne55 treatments 760,082 Medical Equipinent Procured fui Hospital 160,483 Inslitulivns Unrestricted Restricted Khums l £ 7.akat l £ .910.838 Restricted Sadaqah l £ 260.354 807,912 TOTAL 2023 3.899.669 ANALYSIS OF MAJOR INSTITUTIONAL GRANTS Material Institutional grants I￿ater than £ 2,000} were paid as follows: Name Amount / Activity King's Trust International 26.680 Health care skill development of Hospital personnel Medical and Hospital related procurement for the supply to and beneficial benefit tsf Indus Hospital & Health Network, Pakistan 469,726 Hospital Plant & Machinery. Htsspiial Expansion, Geneial Supplies, Biosalety Consultancy. Sollware foi Hospital Use and Medical Equipinent Procuied lor H05Pital Institutions Total 2024 496,406 Total 2023 3,899.669 19 Indus Health Network UK Notes to the Financial statements 31 December 2024 7B. Grants payable 20241£ 20231£ 167,315 Comrnitted Amounts Carried foTward GTanl cominitment 167,315 Committed grants amounts carried forward of was nil. All grants of £496,406 were paid durinLT the year. 8. Net Ineome for the Year This is stated after charging: 2024 21123 Auditors, rcmuncration.. audit of thc fjnancial statements 12.000 14,400 9. Analysis of charitable funds Fund type At l January At 2024 Income Expenditure 31 December 2024 Unrestricted General funds 398,556 796,020 1768.3041 426.272 UMrestricted funds carrv forwurd 398,556 796,020 (768J04) 426,272 Unrestricted funds COtnpTiSe of d(Inutions where the dvnor nul specified any specific conditlon OT tenn tu the use of the donation incoine. Fund tvpe At l January 2024 At 31 December 2024 Income Expenditure Restricted Fund- Zakat 119.862 1,015,489 243,200 892,151 Restricted Fund- Sadaqab 165,140 74,4(K) 90,740 Restricted Fund- Fidvah 1,990 5,692 7,682 Restricted Fund- Fitrana 18,460 6,497 24,957 Restricted Fund- Kaffarab 10 io Re5trieted funds earry forward 140.J12 1,192,828 317,600 .01S,540 Resiricted funds Lomprise of donations where the donor has specified a deterniination on how the donation income shall be spent. 20 Indus Health Network UK Notes to the Financial statements 31 December 2024 10. Debtors 2024 2023 Gift Aid Receivable Prepayments 194,121 2,935 329,991 1.238 331229 I l. Analysis of cash and cash equivalents At 31 December 2024 At l January 2024 Cash flows Cash at bank 403,202 920,638 1,323,840 Cash at bank includes Iinancial platforms with a recognised banking licence where funds are collected and held in ihese plailorms with weekly transfers lo ihe charity's main bank accounts. 12. Creditors: Amounts falling due within one year 2024 2023 Accruals Creditors 26,(100 53,084 22,400 173,163 19 13. Fund balances at 31 Deeember 2024 are represented by Unrestrieted fund Restrieted fund Totsl funds 2024 Debtuis Cash al b￿k Crediturs.. due within one year Totals 197,056 308,300 79.084} 426.272 197.056 1,323.840 79,084 1,441,¥12 1,015,540 1,015,540 14. Employees The charity has no employees during the y￿r and prior year. 15. Trustee remuneration and expenses No trustee received any rernuneration for the year ended 31 Deceinber 202412023.. Nil) 16. Related Parties and Related party transaction5 The charity is affiliated with Indus Hospital & Health Network. Karachi, Pakistan (Pakistan Entity number: 00665911 ("the Hospital"). Accordingly, the charity has been initiated to fundraise for charitable grants in respeLI of the Hospital and the Hospital has been the primary beneliciary ol'the (irantb paid and disclosed within note 7 01. the notes to the financial statements. 21 Indus Health Network UK Notes to the Financial statements 31 December 2024 Note 16 coThtlDued.... Within note 7. total grants paid and committcd to the Hospital and on its bchalf amounted to £496.40612023.. £3,899,669). Whilst thc charity has thi% affjliation. thc board of trustecs of thc charity arc indepcndcnt of Thc Hospital and do not hold at]y key managcment or dirccior positions within thc Hospital. 22