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|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|





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|||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)|





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|||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)|





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||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|



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||2024 2023|
|---|---|
||Number Number|
||5<br>5|
|Employment costs|2024 2023|
||£ £|
|Wages and salaries|76,023<br>65,915|



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||||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|





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|||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<br>Resources deferred in the year|(97,182)<br>266,126|97,182|
||Deferred income at 30 June 2024|266,126|97,182|



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||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)<br>(116,838)|
|Previous year:|At 1 July 2022|Incoming|Resources<br>Transfers<br>At 30 June|
|||resources|expended<br>2023|
||£|£|£<br>£<br>£|
|Horizon 2020 Researh and||||
|Innovation grant||350,268|(288,668) (297,055) (235,455)|





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||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)|



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