| MEDICINES DEVELOPMENT FOR GLOBAL | HEALTH LIMITE |
|---|---|
| CONTENTS | |
| Page | |
| Trustee report | 1 -2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Statement of cash flows | |
| Notes to the financial statements | 6- 11 |
| Restricted | Restricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 262,278 | 350,268 |
| Total income | 262,278 | 350,268 | |
| Expenditure on: | |||
| Charitable activities | 3 | 143,661 | 288,668 |
| Total expenditure | 143,661 | 288,668 | |
| Net income | 118,617 | 61,600 | |
| Transfers between funds | (297,055) | ||
| Net movement in funds | 118,617 | (235,455) | |
| Reconciliation of funds: | |||
| Fund balances at 1 July 2023 | (235,455) | ||
| Fund balances at 30 June 2024 | (116,838) | (235,455) |
| 2024 | 2024 | 2023 | 2023 | ||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 7 | 272 | |||
| Cash at bank and in hand | 438,687 | 553,087 | |||
| 438,959 | 553,087 | ||||
| Creditors: amounts falling due within one 8 | |||||
| year | (276,447) | (129,569) | |||
| Net current assets | 162,512 | 423,518 | |||
| Creditors: amounts falling due after more | |||||
| than one year | 9 | (279,350) | (658,973) | ||
| Net liabilities | (116,838) | (235,455) | |||
| The funds of the charity | |||||
| Restricted income funds | 11 | (116,838) | (235,455) | ||
| (116,838) | (235,455) |
| Restricted | Restricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Grants | 116,612 | 350,268 |
| MDGH Ltd - Australia | 145,666 | |
| 262,278 | 350,268 | |
| penditure on charitable activities | ||
| Expenses | Expenses | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 76,023 | 65,915 |
| Purchases | 23,194 | |
| Hotels, travel and subsistence | 2,046 | 995 |
| Consultancy | 7,030 | 40,875 |
| Computer costs | 461 | 494 |
| General office expenses | 40 | 204 |
| Trade subscriptions | 206 | |
| Legal and professional | 7,957 | 128,141 |
| Accountancy | 7,040 | 2,738 |
| Bank charges | 514 | 111 |
| VAT partial exemption adjustment | 269 | 4,097 |
| Foreign currency loss/(gain) | 13,274 | 8,013 |
| Insurance | 29,007 | 13,685 |
| 143,661 | 288,668 | |
| Analysis by fund | ||
| Restricted funds | 143,661 | 288,668 |
| 2024 2023 | |
|---|---|
| Number Number | |
| 5 5 |
|
| Employment costs | 2024 2023 |
| £ £ | |
| Wages and salaries | 76,023 65,915 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Amounts falling due within one year: | £ | £ | ||
| Other debtors | 272 | |||
| 8 | Creditors: amounts falling due within one year | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Government grants | 10 | 266,126 | 97,182 | |
| Trade creditors | 29,388 | |||
| Other creditors | 8,320 | 1,749 | ||
| Accruals and deferred income | 2,001 | 1,250 | ||
| 276,447 | 129,569 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts owed to associate undertakings | 279,350 | 658,973 | |
| 10 | Government grants | ||
| Deferred income is included in the financial statements as follows: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Deferred income is included within: | |||
| Current liabilities | 266,126 | 97,182 | |
| Movements in the year: | |||
| Deferred income at 1 July 2023 | 97,182 | ||
| Released from previous periods Resources deferred in the year |
(97,182) 266,126 |
97,182 | |
| Deferred income at 30 June 2024 | 266,126 | 97,182 |
| At 1 July 2023 | Incoming | Resources Transfers At 30 June | |
|---|---|---|---|
| resources expended 2024 | |||
| £ £ £ ££ | |||
| Horizon 2020 Research and | |||
| Innovation grant | (235,455) 262,278 | (143,661) (116,838) |
|
| Previous year: | At 1 July 2022 | Incoming | Resources Transfers At 30 June |
| resources | expended 2023 |
||
| £ | £ | £ £ £ |
|
| Horizon 2020 Researh and | |||
| Innovation grant | 350,268 | (288,668) (297,055) (235,455) |
| Restricted | |
|---|---|
| funds | |
| 2024 | |
| £ | |
| At 30 June 2024: | |
| Current assets/(liabilities) | 162,512 |
| Long term liabilities | (279,350) |
| (116,838) | |
| Restricted | |
| funds | |
| 2023 | |
| £ | |
| At 30 June 2023: | |
| Current assets/(liabilities) | 423,518 |
| Long term liabilities | (658,973) |
| (235,455) |