Cb#rity Reglstratlon Number. 119S910 Charitles Commis8lon En£tsDd & W•leJ PCHF UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Ch•rlty Regirtrntlon Number: 1195910 ChArttkJ Commts8tOD Enzl#Dd & W*ies PCHF UK Fi 1112n023 Reference and Administ1Ve Detsih Report of the Trustees 2 kn 3 Sl&tem¢nl of Financial Activities Balance Sheet Notes to the Financial Sts¢em¢nts 6t07 Detsiled Statement of Fin¢181 A¢tlvldeJ
Charity Registr¥tlon Number: 1195910 Cbarltle5 CommiMiM EnglAnd & W*ks PCHF UK Reference and Administrative Details rom OllOIt2023 until 31112r2023 TRUSTESS Mr Amjad Peryez Dr Shakeel Abmad Qurtsbl Mr FarhaD AhDiad Mr Amlr Sethl CHARITY NUMBER 1195910 REGISTERED OFFICE l My¢h¢ll Howse PIDeotl Road, Wlmbledon LoDdon SWA9 INN BANKERS Lloyds nk 3 St George8 Road Wlmbledo ndo SW194DR Page I
Chrity Rl$tratIoN Nwmber: 1195910 Cbrities Commtssloth ED£land & Wales HF rtof The tru$t#s present their rwl with the fthth¢ial sl•t¢m¢nty of the charity witil 31 December 2023. The trustees h8v¢ adopted the provisions of Accountin8 and ReFrtNting by Chariiim: Statement of Recommended Practice applicable to ¢harities preparing their accounts in accord with the Finkn¢ial Rwiing Ststtdd owliubk ID the UK and R¢public of Ire]and (FRS 102) (eff¢cuve I Jonuary 2019). 0E1v&s AND ACnVIT ObJe¢tlvu md al$ The mission of PCHF is to rnake a significanl impact on the lives of irtdividu•]s iti Pakistan by addressing the pr¢s$lng health ¢hallen8¢s posed by con8enital heart dise45e (CHD). Rwizin8 the urgent need for &lvanced medical resi¢¢4 our chwity 18 dedicated ¢0 enhancin8 the quality of heth¢are Available (o those 8ffe¢ted by this condition. By focusing on improvin8 access to state-of-theryart rnedica] equipm¢nL SllPPOrting vilal •nd exp1 clini1 fxilitie4 we are ¢ommitted to reducing the incidence and impact of CHD in P4kistati. PCHF is Committed to equippln8 health¢•rt fa¢llid¢s with the latest medical t¢tholoBies specificalty desw w diwoJ¢ and trea¢ ¢on8¢nithl heart diseue. By ensurin8 hospith]s and ¢liniu ¥¢ ¥¢¢u to ¢Uttiti8•ed8¢ equiprnenL PCHF alms to $i8nifi¢antly improve the early dthetlon trntm of CHD. thueby rnkn¢in8 Ind eAty amon8 the ffKled Fk)pulation. PCHF actively supportj and funds ftsearch initiatives to the ¢aus¢4 ¢ffe¢t4 and potentiil treAtments for ¢on8eDityI h¢artdiseaJe. By fosterin8 a coll•borntive envirozthi¢nt fiff m1] PCHF aims to contriixrtetothe d¢v¢lopment ofnew and more effective iniervenli¢Jns. tsltimaie]y improving patient outcomes. To 8ccomrnodate the growing ne¢ds of CHD PAtlett we f% the expmsion and devejopment of hojpitsl infrutructpjre. This includes nrf only th¢ physical exFvlon of facilities but alx+ the enhancemeni of specialiT£d units dediCed io th¢ core of CHD paiients. Our 8011 is w ensure that evtty irtdivith Iff1 by this wndiikffl IJ•J K¢es3 to com5XebuSV¢ highslity care within their ¢ommunity. We are dedicated to offering dire¢l ¢llni¢al ond medi1 treathierti to those sufferln8 from Congenithl Heart Disease. Th1$ Includej everything from routine ¢he¢k-ups monitwin8 ¢0 complex surglal FYo¢edurn. By m•king these treatments xcessible and affordabl4 we Strive to improve the qUlty ofiife for Wients and the o¥1 of CHD in hkitt. ACHIEVEMENT AND PERFORMANCE Cbrltble ¢tlvltles PCHF is on the ver8e of launching its operailon& havlDg recentty reached the point where it Is ready to take off. While we are still in the earty Mages of development, the foundation has been laid forfuture8Towth. The trustees arextiv¢ty plonDingevents. seminors. and other aciiviiies to fulfil our clwitable objectives and make a meanin8ful imiL As we be8in 4)urioumey, these inltlalives will play a ¢ru¢i41 role iti engaBin8 the commuDity IT drivuw ow MI]0 forwar FINANCIAL REVIEW PrIn¢l1 sourc The principal gOUT¢e of funding is through publi¢ d(Tht1. Ruerves polky The eh8rity has establithed initial [r¥¢$ in linewith the guidelirtes ofthe Clwity Commissiorn How¢ver. &sthe charity'$OP¢rntions reach full swingand il beMeS more Well-k these ttserves will be T¢asse ensu they remain &lequat¢ underthe Charity Commissi¢)n's Buidelines. The objective is to maintsin sufficient to fillfil our chlble obligations and ensure the suwinability of our mission forthe foreseeabk fimue
Chrlty R¢glstratlon N¥mber: 119S910 Charldes Cowmlth EDOAnd & Wglej PCHF U Rlsk M•n•8ement The trustees have develOd a ¢omw¢hensive risk man•g¢ment strategy, ready to athjress the major strategic. busine$4 and operational risks thatmay arise the ¢hority bec0n filY op¢rnti This PTOXtive wroxh ejuures we are prepared to navigate thallenges effectivety 18 we move f(xivard. STRucrU GOVERNANCE AND MANAGEMEKr Governlnl document PCHF UK have • wistitution on 09 January 2021. Trngtee8' r¢Spo•bIlltltt ID relAtloi ¢0 ¢be Iln•nd•l Jtsteents Law appli¢8ble to the chvities In En8land ord Wales requirt the trust¢¢J to prepnre finan¢i&l ststements for each fuwicial yew, which giv¢ true and fair view of the charitys fmancial durin8 th¢ of its positions the end of the period. In preparin8 these fuwicial sthtementy the tru5te¢s Yequired to: -Sele¢t Suitsble ac¢ountlns poli¢ies and then 4Jp)y them ¢or4i5trntty; .Mak¢ judgements And ejtimales that are rea1¢ aThl pnmIL .Slale wh¢ther •pplkable a¢¢ountin8 Standards and stswnents of r¢¢ommended hove been follow•1 wbie¢t 10 any departin8disclosed and expl•ined in the fintiftc .Prepore the finAn¢lal ststements OD th¢ 8QiD8 ¢¥ncern twls to pne that the chllrity will witinue In business. The are respwible for keeplng FYVPW rdS wbkb dixJo& with re%xthJe x¢uYw the f111 positions of the Charity and which enable them to ensure the financial sttem¢nts comply with applicable IAW, r¢gul)tlon8 ar trusl deed. They are also Ytsponsible for safeguardin8 the oJs¢ts of th• Cjwity aDd he4tt for tskingreasonable sty for the prevention and deleciion of fraud and other irre8uloriti Approved by order orth 10 Sep2W24 WAd sigts>] belwlf by: Trus
HF Ir2 3witi1311 In¢omlng Resourtts Donations 1692 io Total ID¢Omin8 Resources Resources Expended Sundry (16) 16 Tot1 Resources Expended Net ]noMninOuIgoing) Re50UTEts for the ye Tothl fund brought foTw4vd io Totsl fund TrIed forwrd
PCHF Sh cember 2 21)23 Vlxed AJJ¢ts Tangible fjxed Sets Current Assets Bank and ¢osh CurreTr¢ Llbllltl¢s Other CdI10r$ Net Current Au¢ts Tot•l knets l9$ Cvrrent Ublll¢l¢8 The financial statements behalf by: ved by th¢ Board of Thi$leey and authorlsed for i83ue on 10109r21Y24 ond wtte Jigned on h8 Trusiee MrAm
FIN18] S From oimir2023 until 31112n¢y23 AccouAtlng Poileles Aetoumtlng Comventlon The finart¢iai Aatements ofthe chwityhave be ID accordanwIth ChaTlties SORP. FRS 102 Acwmtin8 and Reporting by CIltIes.. Statement of Re¢ommended Prartice 4¥1icable to chaTitles pr¢ptiring their a¢¢ounts in accordan¢e with Financial Reporting Swldord applicable iti the UK and Republic of Ireland (FRS 102) ¢ffe¢tiv¢ (I January 2019) and Ch•Tities A¢t 2011. The t1nanci StsteM ha been wtpared Unde¥ the hist(rM] lt conveniiLm. 12. Rwnltlon of Ineomthg R¢wwre Th¢ge are incIled irt Sw¢m¢nt of Finan¢tsl knivi¢ies (SOFA) when: - th¢ charity became ¢ntiikd tr> the resour¢ . the trustees are virtiAlly ¢enatn they will Teccive the - the monethry value be rneuuTed with suffi¢itntTeliability. Ip¢omln8 rewureu wlth relAted exwdhur¢ WIre in¢omin8 reJouYc¢s have relat expendittwe (ts wlth furA Tailing Dretract Iti¢) th• Incomin8 re)u and ttlated expenditur¢ art Yerted &ross ID th¢ SOF Crnnts nd DoD*tlons Grants and dLwtlons onty included in the SOFA when the ¢huity hts ¢ntitlemeM to the resourw. R0re Espended Expertdlnwe Is ¢0nIzed on an ac¢nwl lls liatMIIty i¥
From oiioir2023 until 31112f2023 Rda¢¢d P•rty Tr•nwtknn* No transa¢tlons wlth th¢ trust4es durlngthe
ststement of F" Iioir2023 until Ineom¢ io io Admlhlrtr*¢lve Expenses 16 Exeu• of In¢ome Over Exwdknrt 76 io