ChaThty number. 209168 Friends o Vellore" FRIENDS OF VELLORE UK REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED CHARrrY No 209168
FRIENDS OF VELLORE UK CONTENTS Page Refgrence and admlnlstratlve detalls of charlty. Its tThstees and advlse Tru$l¢es' report 24 Independent examIne5 report ststement of financlal actlvlties Balancg Sheet statement of Cash Flows 10 Notes to the ftnanclal statements 11-21
FRIENDS OF VELLORE UK REFERENCE AND ADMINISTRATWE DETAILS OF THE CHARITY. ITS TRUSTEES AND AOVISERS FOR THE YEAR ENDED 310ECEMBER 2024 Truste¢s: Dr Thomas Pulimood, Chair Mrs Anitha Samuel, Treasurer Mr Dayalan aarke Dr Susan Das Prof Mike Keighley The Very Rev Dr Isaac Pcobatan Dr Arabella Onslow Mr Richard Rajamanickam Dr Johnson Samuel Mr Hugh Skeil Charlty règistered number. 209168 Principal office: 2A Chalk Lane, Cockfosters, Bamet. EN4 9JQ Independent examiner: Mr S G 8erriman BFP, FCCA. FCA
FFUENDS OF VELLORE UK TrUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 FrTrerKls OF Wlore" The tru51ees prestt their aU81 rewt finorrtial stslemerrts of the clwity ihe year etbyed 31 Dernber 2Q24. The finanaal slalernEnts have teen prepar1 in accLYdance ith If aowntirYJ pdiries set in noie 110 Ihe a((MInts COMYAlh dwi15 consmtition. IhE chwilS Aci 2011 a1 AoxwnbTrJ and Reportiny by Charibes.. StaiemEnt of Reccffjvnended Pra< awicatle 10 tharilies wepamg Ihw 8c£J)unts in ac£arTlan s%ith the Fin8nLi4 Repoityng S¢andavd apFra4e the UK aThl Rqxth c4lrdaThl. OBJECTIVES ANO ACTWMES The printipal objetl of Ihe chanty is to por1 heath arKI eduratim in In(la partrsh yth the Christian Medical Cdkge ICMCI ai Vdore in Tamil NJu. PriDrity 15 to Ihe needs of wrest and mosi exduded peopl8 and w[11e% Frfend5 ofvelore seek to fdlowChri8¢'s examKAe in shIr 0Ynpaw I[d$ those vulrraNe arnl margin81ised. Th2 TTUStees seek to hefp CMC to ertsurethat every can rec¥¥e 8pwDwale heatthcare ardless of $bty to P8y. The tharityeryages in the fdloing a(ale8.. . Raisir>J fvnds to sutvort hed1r, e(tucalion and de¥dowr1 propds al CAIC. and missth howtwirking In partnership valh CMC. that lefilthe Fmest and most exduded pHtivrt5 arhy cnltieS . Encouraging CMC in Its parthersFip Wilh smalkrmks%on hLS a(7D55 India . Pr(wnoting If£ ol CMC and sharirvJ arkl nfcrnts.on The Iru5tees. in settirq theiroLyerJives have had rEgonl lo the i55 by the CN Coffjr. ACHIEVEMENTS AND PERFORMANCE The tharity has a strong rdationship VAlh CMC IfvwJh maithnirvJ tK)n5pS %¥th key in Ihe hostxt31. Through regtr visitSto CMC. the thaFity In11n to irmovaiwe wdys tD enaFAe CK4C to increase its reach 10 PQDr and deprived C0[nThtheS and lo inale rewWL-adde(r 5U51aMable Seryices not ¢utnNwitsry lo fund slaff vkno arE p3rt Oft twnanent eabW¥t The rnBnBger and one of the Trustees attd the CPJC c17 meelvJ in VellNe. The Irustees recwve rerx)rts froffl CMC news[8. n4wiprnent $18f[ tNniTrJ needs. TIE Itustees give priority lo projects wl1 bet thsadv8nlaged peoF and erth their a"lity to atte$s quality medical Supp al affdable levds. The ttU5tees May offer pattrJ sukwrtforthe frcqn eslIng funds ar¥Jlor seek to fundraise sFec4fi(lty for paFbadarwW. vE¥ht is gwen lo the attvk frw CMC on Ihe best wey lo athiewry desired 0((&. CMCS tkpanmeni PrOde vuablE Nght lo Ihe trustees rega[dv request for supp¢)rt foT mi5siw hospnaL% pwtrErship %%ith Velo. tring Iheyew the dlIty £278,210 to CMC Veye ofttt prL¥eds.' The Pv50n-ltrPerson Stherrb21£50,LX>DI Low Cc61 Efledive Care Unil patient swwrt fund1£25,5001 A c£rwcal screeniry progrdmrnE Pfowded by Low Cosi Effe(th CBre n9 de1 a8 f Vellore I01£12.099) A newpalliatiye cre Senri by Ihe LCOSt EIFeth Cwe klhose the depri¥&J areas of Vdlore loMn1£12.0991 The PsIaliVE H(xne Care Team. inding ldS Io PLYthase a nErfrfvehFLk Ir29,1711 Treatment cosls fer 10 thildren %¥hose lamls are unaNe lo pay1£10.tI)01 Pioiects SUPPtstting CMC'S r in Ihe knbal area of Jawadli o FundirMJ for 11 Heatth Workets1£12.tKyJi FurKJing 2 eye care wYMktts1£2.5541 0 7 51Llenl 5choJarshtps for he811hcarE IrJ,2721 o Funds for chilJren's sU[rner camps (£1224 o Funds to burfd a newmalewdty unit1£301
FRIENDS OF VELLORE UK TRUSTEES. REPORT FOR THE YE4R ENDED 31 CECEMBER 2023 Friends OF Vellore" Prujecls al Ihe Rural Llnitfor Heahh 8ThJ Scial Mai o Oentsl caTe forprrfni Atymeth1£14,5101 o EWertywelfare (Erths1£8,7691 o A audiology dirwc1£6.0991 o Clildr'S aY cefilre1£3,4621 Adolescent life &kills e(hKatioTr IrJ,2321 o Promoting hethY INino1£2,9501 o Suslainable lar1w(El.754I o vocatn81trI1yj (£9621 o FurKls tD a rtran1 Clege I£10.193) Training ond schothlMPS o Sen[ Trainirv4 Fello%sship $POrt fc 5 dociors1£25,6011 o Furnls forCMC medical st11 5rM?r5hip51£13.1(Ql e CMC Student sthc4arships for 6 nLrses. 1 parwnedic. 3 a he4th 8bJJerts1£5.0931 a camnty Lay Leajers Health Cr•x8eI£4I Various AL4nni Balth FuTrJs and ry(4ects1£23.563 Cmc's Emergency FLmd providing Ireatmenl for patierts Lmable lo atsd tr¥s1£484) During Ihe year the tharity also sert £63.101 in fft lo ffissi hospita& parkner5hip Wilh CMC". MakurKla Cmstian Hospital 1£21,9691 bbod bank eqLU Chinchpada Christian Hospilal1£16,9041 fty the ey4)anon oflhr aml pae¥rt (zrE ts Christian Hospitsl 8issamuJnath1£14.8481 ICU pa cwe Bapbsl Christian Hosptil Te2pw1£5,0401 lor palkNe (re Kotrg Medical Fdknv•strKp FknsKxtal1£3,3401 fwixrarad glasses aThl pali& (re Jana Missiw H05pilal1£1.0(Mll for medltal eouipnnt Quarterfyemwl updates and tsmtyyearty nev6kttet5 f0m1 wpportws oltt woptJS Ihe tharity 5UPtMyt& CloseT rking Kilh Ihe CMC Association ts prowdiTrJ oppcrftwilies to engage wilh an inlerested grrxjp. The thity held supPtrrS' Meetirnj dLrriThJ the swnev8k)J as Ihe Assfrfi8ti Covenlry in Octther. CMC Vellrye's tiredor. Dtvthram Mathew5. gave a recryded rKesentatiw rm Ihe wrrent aliw al CMC. Kethlka. a nurse vtho trad aLCMCVellore gmup in thÈ urban area sefftd by CMV5 Low Cosi Effethve Care Unit, gave a poVrflrf iestimcffiy ofGcJs [k lrfe and the ofCMC ve. The tharity Ch, FunLtraisw and Manager spoke abwl wieds VE are supporbr#J indLling sharing a wdeo update frcrtn one Of rri5won ptiVE have furh151o reLwdty. The empk)yed a part.tme thJthi8er in February 222. 8 fikEd leryn of 12 rtKlhS to rasse fthjs lora rEw malemty unil ill the Javadlm HIBS. T15 P05tVAs extended lo a secorKJ year io WKaude fundr for sevetal prDje(1s. ln Ott(thr 2023 Ihe BDaftl a9reed to make a permanerrt p[J8th kn February 2024. In addition ID raing fdS and sethThJ lo r¥Jr inr))n stfeams, tr bth1rawhas de¥dW the tharws soual media preserKe lo seek better engagement valh yOweTSrter5. Friends ofvenwe UK does not opetate any Key Perforrnan ITrIall5 as 1th. h*er repcrtts are SL4)nwlled to Irustee5 and 10 donors %thith rep1£e 8ThJ
FRtENDS OF NELLORE UK TRUSTEES. REPORT FOR THE YEAR ENOED 31 DECEMBER 2024 Friends of Vellore" Flt)ahclal Review DurirvJ 2024. Ihe charty recfjrded an of£371,847 arKI made £341.312 in gr lo IJIC 5Jx rther rn18s1 Wi181& The dTY running cost5 Ywe £27.352 fimthsvJ c¥)sts of£21,264. The itNesbnent ino)me was M( Ihan sufficiEnl to uwer Ihe runr4 Sts. The imiestmenl pthcy is tri a tsir frryn wVeSt strth and fiThls, ith yofest)81 ov•, ile mainta1ng suffioent &4uidityto meel uneycled wuests fLYfvTrJir#J tr£ CMC. investment risk appelile 58 iow4nedium r The chHrity5 inveslments a hehj in M&G Charithjnd aculmu1I fivKJ. DNxJtnds ate rÈtainEd 111 the fund as they accnJÈ. HovEver. fvnd5 can ie drawn do in a wttk. shoLld the tharity (zsh 10 5etMJ grants tD India. The charity has various tEsltMXed Ilts. fiJlherdth& fouThl M p18.20 ofthÈ atxx)thts. The trustees have 355e55ed the mOrS to thanty is ew>sed. in parftaJlariiK)se [Pted to governantx. investmenl pdicy aThJ finan0 comnwtmenls oflhe wJJe¢XS lppOrts, 8rKI e Satisf thai systems are in [18 lo manage ourexposue rrwiw rth. 1nYJrar (Jd0 trtee inden o)ver fjs The Tnjwes have sel an objech to despjnale £41xI,rm wNe5trnenLry to gen2re erx)uyh inThe to allowfor the running cosls ofthe charily lo be mel ¥th0th need1 io dwaiion¥. Minisatir th8rges on some latyer reskncte(t [UrS and 20% of grft aid atso go iowds ftjnrmng (J)sts. Swi"fic funds for agreed prt4etts are remitted to CMC VellLwe in a tiWaY. The tree$ W1 seek 10 (JX)tiwKJP to support proieds fr(Xn Teserves en levels permit and 711 drawon reslrirled fwds vthen is appropriats. PrDwdEd Ihat the txjdgeted managernenl costs are achieved, Ihe twstee5 bVe Ihal estsn9 levels of reserve$ are adequale. bui rEductiorLS inccne assooaled wlh fbng interest rates and INer eQutytUrns may redu( the twes ability to m8intai reserwes al this level. The chaIity does not regard the unrestricted investwls to k free reser¥es a5 11 is the trusi& board's iTht8nlioD lo retsin the unrestricied Ve51[11S aThl use ts in(x)rr gwwoled to Iwd utYes1ri(Xed expendlture. Trrev&re Itee teserves of £16.689 at Ihe year eTrJ. After mar appropriate enquirie5. the trustees have a reasonatle expedaU(m Ihai thatity has adequaiÈ resour(£s to eontime in (yerational e$ter£ the foreseeable fulwe. F¢xlhis 880n IVW centsnue adopt the gOg uncem basi8 in FYep8ry finanaa stalem. I tluslees give Ifr t•ne freety arKJ no truslee r1ved Ternurerab for Iheirrole as a trlee during the year. The board of trustees has agreed an anThJal Mmxetnerbl of 3% eath or staff $ar to rnver the cosl-ofthing in(rease. stvuctum, Govtrrnanco and Managonrt The tharrils %4Y>rk is overseen by ts Trustee nEel t¥ALY a yEar Io Tev72wadryitves and pwress. The firn 5ubcornrnittee meels a year •) advan of each meetirvJ aTrJ ts doired by thE treasurer. The vd10 Rural Comrwnities Tru IVRcn is a smittee ol ofvenfxe UKvAth its restiiitsl fund. It rneels anwalty lo reviewand allale grnnrs for rur wcyeds. 1th CMC'S Rutal Utut of Heahh and Swal Aff•0 IRUHSAI. The thair of the VRCT and aTrJther of its trustees are members ofthe Friends of Velore UK Board. The atreS are plamed by Ihe tn arxl run by a ptirr Maler. The ManageT reporfs r2gularly lo the Chaii arxl TaSurer outwde oflhe Board meetw. The FmJt• repwts Manager afMI * overseen by a melnber ofthe Vellctt Rw81 C(xnmthbes Tru*.
FIUENDS OF VELLORE UK TRUSTEES. REPORT FOR THEY&AR ENDED 31 DECEMBER 2024 Friends Wlore- Structure, Governance and Management (ConlindI Friends ofvdlore UK Gomply %Mth the wuL31(ry slaThlards fLrfiHKyr51vJ and is registered valh the Furxlrabyng Regulaior. The thanty ts tommittEd tD the prorye and adhe[E1o the Cre of Fundrai&ng Prad1. Ourfundrai5er 5eek5 fifflds fvorn donor5. IDJsts, 8(AeS aNJ (wtrate5. The Mityye8ty rlter. email updates, social media ourwEI)¥te are the mwn means olencrag1ryj donatiws kgatygifts. We nol oulsoLYC? Yof tyJrfundrai&NJ to pwtE& (rbsite ouUintt5 our oJmF4aints pdicy Ithe publica tharty ey¥4am 8n wKtivKlual can cLrylwn. We le1¥ed O coMalnI5 2024, i%lhe as in 2023. Re¢rultmet)t of trustses The manageJnenl olthe charty is the respons¥ olit5 vkn are ekded and ¢WEd wder Ihe temK8 of Ihe ConstitiJtiTrn. Re(zulnEnt to Ihe Trustee Board reqed VAI bE athlressgJ by the Chaimian to seek to slrerylhen the capatity, profÈ&won31Nn and range of th115 ofthe memb2tsl¥p. Trustee5 are Th)minated Ihp basis oltheirwllingnes$ lo seNe. fraillirry is on Ihe job. Truthes v41 Th)mialty Sen a frwr-year tern?. but t$ may be extended Milh subsequent lour-year tern sut¥ed to Ihe Bo¥d's agreement. Those V4ish lo.tire, as TrusleeE m8y be voted ontD the Counal to contirKE in an J¥Asory pality. Th2 Tnlslee Board tonfi memberthip on(x a year al Ihe Apn'l Board meeliru. Trustees. re5pon$ibilitlO8 The drFtytrusiees arÈ respo3 preparing a tnJstee$' amual TEporf fmanaal stalemerrts accLYdarKe VAlh applicablp lawand United ngdryn siandatds ILh¥ted Gewalty Accwled Ac(wnlir•J Practice). TF law applic¥Ne 10 tharitses England and Ws requres ihè Latity ttustee5to prepare finaThx statements foreach year vknich gnie a In and fa¥ithV0f stsle of affa¥s oftr dwyand of the incxrfne and eXpeit of ttharitylorlhat wirKI. In preparing ihe financial staiemenls. are requred to.. setecl suit&le accounting 0.cies and then awtythem observe the methods and apphc8t4e chare5 S(Ntp". make IgeMentS and eslitnales thal are reasonatle and stale thether applicabk acctyjntiw slandarTls have been frkntd. suiyi 10 arry maierial depwlwes thal must be disL40sed and eyplained the fmano st8lemerts', epare financi81 aietnerts on the gOg crfflcern bas Ur4e it sinappTLyiaie lo presLwe thaithe thariiy 711 u)ntsrxJe in buyress. Thè trlee$ are TE¥pwsible for keepng prorer8(rrtJnthw rec(Mdsthat di5dose 4bith reaablE acawdcy at any time the finanual PQ$ition oflhe charty and lo erJatAe Ihem lo en5LTE that Ihe anr ststements IxYnkrfyvAh Ihe Charitses Act 2011, the applicabk Charibes (Accounts Rew151 Regul. and Ihe kY0ViLIn5 of Ihe TnBt (Jeed. They are a150 respon8Ji4e fw safeguard9 tt a55ets of and lakirKJ reasonable Steps lorthe prevenbon and detecTr of fraud 01 irreguL8ribes. The trustee5 we reSponSe f the mannxÈ *MI iwrtewty ofthe ¢ty81 informalk)n inthoed on charity's knÈbgte in accrydance imlh in the UThtwl Ihe prep8rabm and disseminathin olfinanrl statemen
FRIENDS OF VELLORE UK TRUSTEES, REPORT FOR The YEMR ENDED 31 DECEMBER 2024 Friemds of Wlore" Trustee5 sery8d durtng the year re:. Mr Dayalan ICh2ir until W1(Ir241 . ThoTnas ptor1 lchatrrrfn W11Y241 . Mrs Anitha Samuel ITrea%KEtI th Susan D35 Professor Mike Kwgh . [ArabElla Ond(Av . Very Revd DT Isaac Po(A)n Mr Richard Raaniarn . JDhS0 Sam Mr Hugh Skeo This FeporivR5 approved by Ihe TNstees ... . aThl tsir beharity.. DrThomas PrnlXl. Chairrn Mrs rth8 Sarwd, TreaJrer
FRENDS OF VELLORE UK INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF VELLCfiE UK l Teport on Ihe financial stateMts ol the chaTity forthe year ended 31 Dmber 2024 %thidh are Set out on page 8t021. Responslblltlles and basls of r9POrt As the charity's trustees you are responsible Icrf the prep¥ation of the acmh)ts in accordan %%ith the requiremenis ol the Charits"es Act 20111.the Act). I report in respect of my examinat'on of the ch8rrty's accounts carried CAJt under section 145 of the Act and in carrying out my examination I have fdlowed 811 the applicabje Direcb"ons gNen by the Charity cnmison under section 14515llbl of the Act Independent examlnevs statement I have CrXnetert rny examination. I confirm that no material malter5 have cryne to my attention in nntion with the exarninabon giving rne CaLe to that in any matenal re5rEtt 1. accounting records were rh)I kept in resw of Ihe charity as reqwred ty section 130 of the Act or 2. the aoUntS do not accord wih those records", ot 3. the accounts do not ccvnply wttr Ihe applicable requirernents rA)ncerning the form and content of CoUnts set out in the Charitie5 IAccounts and Reith51 Regulations 2W8 otherthan ary re(pJirernenl thal the (xKJnts give a 'true and fair ¥thiGh is not a matter CCsIdered as part of an indyndent examination. I h8ve no concems and have come across no other matters in oMneckn wih the examatiOn to %thich attenti should be dravm in IS report in order lo en8e a prOr understanding oflhe acrA)unts to be reathed. Mr S G Berriman BFP. FCA FCCA Cha¢er Alan LLP 7 Ouy Court Cdliers Lane StOW-cum.Quy Cambridge CB25 9AU Date.. 2<
FRIENDS OF VELLORE UK STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING THE INCOME AND EXpENDVRE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds nds 2024 2024 Total funds 2024 Total fun<ts 2023 INCOME FROM: Donations and legacie5 Investments 87.(7 18,931 105.998 17e.330 89.519 265.850 263.397 108,451 371,847 251,572 105,445 357,017 TOTAL INCOME EXPENDifuRE ON.. R8isiThJ funds Charitable activty Advanment ol hethl2re development in India 13.821 7,443 21,264 18,349 6.7.8 17.823 350.841 368.664 397.127 TOTAL EXPENDITURE 31.644 358.284 389.928 415.476 NEf INCOME I (ExPENDVRE1 BEFORE INVESTMENT GAINSIILOSSESI 74.354 1914351 118,0811 158,4591 Net gxins1110s5esl on invesknents NET IEXPENDITUREI I INCOME BEFORE TRANSFERS 11 12,464 86.818 44.712 147.7231 57.178 39.095 40,3841 198,8431 Transfers bee funds 14 165.683) 65.683 NET MOVEMENT IN FUNDS 21.135 17. 39.095 {98,8431 RECONCILIATION OF FUNDS: Total fvnds at 1 JaThJary 2024 363.798 1.617.342 2.(M)1.140 2,099.983 TOTAL FUNDS AT 31 DECEMBER 2024 404 933 1 635 302 2 040 235 2 001 140 AJI aclmies rdate to C4JntinuiThJ OFeTatKffis. The notes on pages 11 to 21 form part oflhe5e finanrial 5t8tements.
FRIENDS OF VELLORE UK BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS Tangible assets Investfflents 10 593 1.952.570 1.953,163 138 1837.812 1.837,950 CURRENT ASSETS Oebtors Cash at bank and in hand 12 14.879 73.177 12.779 152,835 165.614 Uabllities Creditors.. amounts falling due one year 13 2,424 NET CURRENT ASSETS NET ASSETS 87.072 2.040 235 163.1 2,001.140 CHARITY FUNDS Restricied funds Unre5trcted fvnds TOTAL FUNDS 14 14 1.635.302 404,933 1.817,342 383,798 2 001 140 2LI(xF. 1.1025... Th8 fin8nci81 statements were approved ty1he trustees c¥) ... .. ... and siwed on their behalf. by.. Dr Thom8s Pulimood. Chaimian Alws Anltha Samu. Treasurer The notes on pages 11 to 21 form pwl of Ihese finanLial statements.
FRIENDS OF VELLORE UK STATEMENT OF CASH FLOWS FOR ThE YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 Cash used In oper8tlng acvvlttes {130,9941 1164.8591 Cash flows from invesbTrJ aC*'wts.. Purchase of tangible assets Purchase of inveslments Sale of investments Net cash provlded bylluwl inl investing adlvftles {5991 110.orK)I 238.922 74.063 81.593 Ch•nge In cash and cash equlvalÈnts In the reporting period (79.6581 74,IA3 Cash and cash equivalents at the begsnnlng of ihe WertIng period 152.&35 78.772 Cash and eash equivalents at the end olthe reportlng P8rlod 73,177 152.835 Notes to Cash flow statement 1. Reconciliauon of net Incom• for the yearto n8t cash fb)w from opera¢ing athltles Net rnovement in lunds Adjustrnents for. Deprec4ation charges Dividends and Inte$t frorn investments IGainslLoss on invesbnents IlnueasellOeuea5e in debtor5 (Decreaselllnca$e in ueditors 39.095 198,8431 144 1109.5161 157.1761 I2.1() 11,440) 148 1104,8091 40.384 422 12,1601 Net cash infiow {outflowl fvorn op8r8b.ng ac11eS 1130.994) 1164.8591 2. Analysls of cash and ca$h eqvfvalents At1 January 2024 At31 December 2024 Cash flow G85h al bank in h8nd 152.835 179.658 73,177 152.835 179.6581 73,171 10
FRIENDS OF NELLORE UK NOTES TO THE FINANCJAL STATEMENTS FOR THE Y&4R ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES 1.1 Basts of preparation of financial statements The financi statemenis have been prepared under fr4storital c05t conventK)n wilh rlems recognised at (x)st or transaction value unless otherwse stated in the rdevant notes to Ihese accounts. The charity constitutes a public benefft enb.ty as defined by FRS 102. The finanaal statements have been prepared in acrdanCe wth A(Kounting and Rep(xbllg by Chatitses." Statement of RemMended Practce appliCae to d)anb"es preparing their a¢Unts in a¢cordance wth the Fin3noJ Retxytsng StarKl8rd applicable in the UK and Republtc of Ireland issued in Octtsber 2019, the Finanoal Reporbng Stsndard applic3ble in the United ngdoM and Republic of Irdand IFRS 1021. ts Charities Act 2011 and UK Generally A£cepted Accwntin9 Piactice. Going concem basis The Trustees consider that the going cOnn basis is ap"ate as they consider ihe reserves ve13 and expected investrnent income to be al suffiuent levds to gure that Ihe Trustees meet thr finanii OlgationS for the next 12 to 18 rnonihs and on that basis the Charrty 1$ a gryrvJ concem. 1.2 Fund accounting General fund5 are unrestricted furKls which are avalable for use at the discretion ol the Tiustees in ftjrtheran ol the general objectives ol the tharity and have ncrt been designated for other wjrposes. Restricted funds are ftjnds vh¥ch are to be used in accordan vthh spe(Jfic $triOn8 smposed by donors or ich have been raised by the charty for pwbculai purposes. The cosis of rai5irNJ 3rKI 8dministering suth funds are charged against the sperific fund. The aim and use of each restrided fund is set out in the notes to the finanaal statemen vestment incorne, gains aNI losses are alcKated lo tr tywowiate fur. 1.3 Incorne All incomE is recognised once the tharty has entsuement to the inccmne. li is probable Ihatthe inrne will be re¢Ved and Ihe amount of incorne receivabje can be measwed reliabty. For legacies. entilement is taken as Ihe eadier ol the date on vhxch ther. the charity is aware that kyobate has been granted. the estate has been finalised and nottfitstim has been made by the execLrtorlsl lo the TrLSSt that a distribUl will be fflade. orwhen a distrilxjb.on is receNed from the estate. Receipt of a legacy. in whole or in part. is only considered yobatle vknen the amoLM)t can i measured ieliaiAy and the charity has been notified of the execulorfs intention to make a distribubc. Where legacaes have been nobfied to Ihe tharity, or the cMa¥ty is aware oftt grants.ng of probate. and the crtteri8 for InCrne ren[bOn have not been met. then the legacy 1$ treated as a conts"twJent asset and ¢Jisdosed if merial. 11
FRIENDS OF VELLORE UK NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POUCIES l¢orfinuedl 1.3 Ineomè Donated serwces or ts(#le$ are recJnISell vthen the charty has control over the item. any conions assoaatsd tth the donaied item have been tnet the TlP1 of eo)nomic benefrt from the use of the charity of the item is probable and that economic benefft can be measvred reliauy. In a¢x(ydance wth the Charities SORP IFRS 1021. the general volunteer time ol the Friends is not rerA)gnised and refer to the Trustees. report for more information about their contributi. On r1p[ donated wofession81 SeF¥iS and donated faalities are reccxJnised on Ihe basis of the value of the gift to Ihe chanty %thich is the amnt the tharty would have been willing to pay to obtsin serwces or facj'lities of èquivalent economic benefit on the open markeL a coeSpOndg amwnt is then rewJnised in expendiiwe in lh¢ period of receipt In(xJrne tsx reCOverae in relati to dLal[l5 rerAved under GfftAid or deed5 of covenant is recogni5ed al the time of the donation. Income ta¥ recoverable in relab.on to inve51ment income is reccsnised at the tirne the invesknent income is Teceivatle. 1.4 Expenditure Expenditure 15 recognised once there is a legal or consiruLve obligaltorT to rnake PEtt0 a third patty, it is probable that sethetnentwill be required and Ihe arnnt of the obligatson be measured ieliajfy. l expenditure acccxjnted fcw c4) an accruals basis. AA exSe5 i[u(n9 SUPPOrt Costs and govemance costs 8re alkKated to applicable eypen¢Jiture headings. Futwjraising costs 8re those tn¢wrred in se&iThJ vduntary cvntrtsJbons and not indude the wsts of disseminating inforrnation in SUPFQrt of the chatifable actiwlie5_ Support Costs are those costs incurred direcuy in support ol expenditLwe on the objects ofthe tharity and indude proJect managernent carried out at HeadquartW5. Govemance costs are those incurred in cmnection wth eornpliance wth crm5ti1utional and stalLrtory requirements. Grants payable are charged in the ye when the offer is made except in those Cases ere the offer is C4)nditsonal. such grants being recognised as expenditure when 1he conditions attathing are fulfilled. Grants offered subject to cond¢11$ wh"d) have not iwn met at the year end we no* a5 8 (x)mmthenL bul not a¢crued as eXpdIjre. 12
FRIENDS OF VELL¢)RE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTENG POLICIES Icontinuedl 1.5 Tangible flxed assets and deprec4ti Tangible fixed assets a stated al cost less deprec4alJon. Depreaation i8 at rates calculated to vrrile off the cosl of fixed assets, less their e51xnated residu value. over their e>ycted useful Iwe5 on Ihe following bases". Computer Equsr*nenl 33.33% straight kr 1.6 knvostrn8nts lttvestrnenls are a form of bas financial StruMentaj are inalY rects3ned at IhÈirtra#5aUion valu8 and subsequently measur&d al theirfair value as at the balance sheet date using the dosing quoted marfLel price. The Statement of finanaal activities indudes the nelgains and losses arising on revaluation and dwosals throughout the year. 1.7 Fornlgn ¢uYrgn¢ig6 Monetary assets and liabilibes denominated in IeJn Culn(JeS translated iThtO 5tethg at rate8 of exchange ruling a¢ the balan Sheet date. Transacbons in foreign ojrrenaes are tranad iTrtO 510rfing at lh8 rate ruThj on the date ol Ihe transaction. ExchiThJe gains and k)sses a recognisEd in Ihe StatemeThl of financial aCkn"e$. 2. INCOME FROM I)ONATII>IS AND LEGACIES Restiictsd Unrestricted nds funds 2024 2024 Total Total funds 2023 2024 Donalion5 Legacies Oiher 131.324 45.()0 70.994 15.145 928 202,318 60,145 934 240,778 10,000 Total donabcn5 and kgacE5 176.330 87.(7 263.397 251,572 3. INVESTMENT INCOME Restricted Unre8tiicted fund8 lunds 2024 2024 Totsl lund$ 2024 Totsl funds 2023 Bank & other interest receivable DiTr&idend5 received- S5ted IrNestmEnls 169 18,762 169 108,281 205 105,23 89.519 89.519 18.931 108.451 13
FRIENDS OF VELLORE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEPIBER 2024 4. EXPENDrruRE ON RAISING FUNDS R•stFlcted Unresirfctod funds funds 2024 2024 Total funds 2024 Total funds 2023 Newsletter Postsge Publiaty Salaries 1.C61 1,971 162 1.679 10.fM)9 3.032 250 1813 310 851 14.375 15.398 13821 5. GRANTS PAYABLE- INSTITUTIONAL Restricted Unrestrlcted funds funds 2024 2024 Totsl funds 2024 Totsl funds 2023 Chri3b'an Meojical Cdlege Vdlcfe Makunda Christian Hosp¢tal Chinchpada Christian Hosprtal Chrisb'3n Hosytal Bis5amcutta¢k Baptist Christian Hospytal Te2PUI Kotagiri Medical Fellowship Ho4Xtal Jalna Mission Hosprtal Christian Hos181 Berhampur Asha Tan Hosptal Evangejicd Hospital Khan K8rigiri HospÈtsl 278.211 21. 16.9)4 14.848 278.211 21.%9 16,904 14.848 5,040 3,340 1.000 279.743 28,332 25.000 24.305 10,000 Subtc<al 341.312 371.075 14
FRIENDS OF VELLORE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 6. GRANT EXPENDrriJRE ON CHARrrABLE ACTMTY BY FUND TYPE Restrl¢ted Unreslrfcted funds funds 2024 2024 Total fund5 Total funds 2023 Advanc8rnent of healthre and develo7 In India The B8ker Fund 25.(MXJ Person to Persc Vellore Ruial Cornrnunitie5 Tru31 VRCT Bishopston Kuppam Ltnk RUHSA Dental RUHSA F*ming Tucker Children's Fund Jawadhi Htlls Low Cost Eflective care Unit Palliabve Care pliatiVe Supwjrt Education and Training Pappa Quasi-Endowment Fd Emergency Fund COMD-19 FOV Scotland umni Projects Mission Hospitals Asha Kiran Soaety Baptist Christian Hosrrta Tezpur Chinchpada Christian Hosiital Kotagiri Medical Fellowship Hospital 25.OC(J 65,0 25,OCK) 26,343 4,051 32,205 3,462 14.510 1.754 10.CKI) 19.088 12.599 38.597 2.674 27.722 32.205 3.462 14,510 1.754 10.(K)) 19.088 12,599 38.597 2.674 27.7Z2 4,553 56.330 14.054 24,700 18.699 245 7.675 3,388 488 28.975 4.573 28.222 38.332 25.CNJ) 12.LKKJ 11(M)O 23,563 S4.421 23,$63 $4,421 341.312 341.312 371,075 7. SUPPORT COSTS RestYkt8d Unrestricted fvnds funds 2024 2024 Totsl funds 2024 Total fund8 2023 Room hire Telephone Travd and subsistence Bank charges Insurance Subscriptions Salaries Pensions Sundry eX[nSeS ConsuFtantry lees Profession fees Stsff training Depreaats'on Governance. Independent examination 130 207 477 241 386 371 593 1.362 105 383 2,087 88 416 653 19,401 1.351 8S 154 286 390 12.flJ4 6.787 19.391 1.391 151 151 74 136 62 210 95 144 148 525 9.529 975 17.823 1,440 26,052 27,352 15
FRIENDS OF VELLORE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8• ANALYSIS OF EXPENDITURE BY ACnVtrY Grant funding of Support costs 2024 Total 2024 Totsl 2023 2024 Advanrnent of healthcare and develowent in India 341.312 341,312 27,352 27.352 368,664 397.127 368,e64 397,127 9. STAFF COSTS 2024 2023 Staff costs we as follows.. Wages and salaries Pensions 34,789 1,392 36.181 33.776 1,351 3S.127 Thè average Fnonthty number of ernF4oyees was 212023". 21 and the average monthty number of ernrAoyees during ihe year expressed as full me equivalents was as follows linduth.ng (x5ual and part-time staffj.. No. Management Admin No nploYee received rernuneration amounting to rnue Ihan £60.(KKI in year. During the year. no trustees reVe any rwnw)Lyab"[2o23- £NILI. During the year, no trustee3 received any benefits in kind12023- £NIL). During the year, no trustees received rMIjr5ernent ol expenses12(Y23- £NILI. Key management personnel The totsl employment tenefrts induth.ng pension crmtritAJtis of key personnd were £22.576. 16
FRIENDS OF VELLORE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 10. TANGIBLE FIXED ASSETS Computer Equlpment C05t At 1 January 2024 Additions Disposals At 31 Dember 2024 599 Depre¢latlon Al l January 2024 Charge for the year On di5PQ5a15 At 31 Dember 2024 144 974 Net book value Al 31 Dernber 224 593 Al 31 December 2023 138 11. FIXEO ASSETS INVESTMENTS Mat*et value At 1 January 2024 Addibons Disposals Net gains on rtvaluation Re-invested dimdends 1.837.812 10,Crt)O 160.0001 57.176 107.582 At 31 De¢ernber 2024 1952 570 Hi8torical cost 592 170 Invesbnents at Ma¢t value ¢ompri$e 2024 2023 M&G Charifund- AUMulation Unts M&G Char¢fund- Income Unrts 1.942,874 9,696 1,952.570 1,837.812 1.837.812 All the fL¥ed asset invesbnerts are hehj in the UK 12. DEBTORS 2024 2023 Debtors and wepayments Tax recoveratrAe 13,348 1.531 11,672 1,107 12.T79 13. CREDITORS Amounts falliThJ due %%ithin one year 2024 2023 CdI10r$ 2nd acuuS 2,424 17
FRIENDS OF VELLORE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2024 14. STATEhlENT OF FUNDS Brought fopar(I Transfers Galnsl inlloutl (Losses) Carrled forward Incomè Expendltu Unrestricted funds General Funds 383.798 105,998 31.6441 165.683} 12.464 404,933 8rought forward Transfers Galnsl IncoTr ExrMdlture inl{*)utl (Losses) Carried fOard Rèslrlcted fund8 The Baker Fund Person to Person Vellore Rural cMunItieS Tnjst VRCT Bishopston- Kuppan nk RUHSA Denta RUHSA Famiing Tucker Children's Fund Jawadhi Hills Cost Effective Care UTht Palliabve Care Palliatsve Swport Education and Training Pappa QuasEnd0vThent Fund Liz Coates Scholarsp9 Emergency Fund covitk19 FOV Scotland umni Projects Nuising Mtwnni Mlssion H08Pitals Baptist Christian H05pitsI Tezwr Chinchpada Christian Hospital Kotagiri Medical Fellowship HO5 1.203.733 676 224.372 113.274 134,6921 178,4351 (so.1) 19.785 137.0501 9.315 13,4621 685 {14,5101 10,679 11,7541 {10,9701 119,IYJ61 112,6001 {38,59n 12.6741 {27.7221 16.C#J81 35.415 1.239.295 15,567 6,586 21&790 3.831 1.754 4.209 6.818 5.240 8,915 202 14.120 6,367 10.668 39,553 1,028 33,817 12,278 1.323 105 21,634 28.9 2.367 8,032 82,144 10,634 360 1.719 1341 {4841 112.COJI 12.027 6.TlO 26.072 1.013 1271 6.770 33.e79 1.583 31.370 I23,) 154.4211 (5,0401 1300) 13.340) 50,817 3LX) 1,617,342 265.&50 1358,284 44,712 1,635,302 Totsl olfvnds 2.(K)1.140 371,847 389,928 57,176 1040,235 18
FRIENDS OF I+ELLORE UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. STATEPIENT OF FUNDS Icontinuedl The Baker Fund A FuThd forthe treatment of indwJent patients at CMC: a kgaLy fwrn SeW and Efvzabeth Baker. PÈYson to Petson The Person trj Person IPTPI s¢herr is makes small gTrTrts to iThdNidual patients Who a unabk to pay for Ihe cosl of their medical care at CMC. Currenoy an indNJu81 can be given up to Rs.10,TrJO (appr0ma1ety £1LKII. Vgllore Ryvol Communlii?5 T$t The Rural Unit for Health and Sotsal Affa¥s helps ccffjnwJTribes bLMIJ sMgth and te5dEn by supporbng tlm in 81 aspects Df health and soaèl wellbwry. The Velbre Rural Ccrnmuniltes Trust admini5ter5 Ihis fund whtd) supports prqects across the whole age SP$fkntn youth sports dubs to eldetly wetsre ntre5, with f3m)ing and heatth Schemes in beknveefi. VRCT Bi5hopston4uppam Link Donations Irom supwrte¥s of Ihe Bishop5ton-Kupp8m Link to support the thiklTen's pjay centre and eljedy cntre al Seetharampe( which are overseen by Ihe Rural Unit of Heallh and Sofial Affairs_ RUHSA D8ntsl Funds for a dentsl care ser¥Ke for pgnant w(¥nen li India. RUHSA Farrning Supporkng farners dubs and education on $Usts1nab tsrmry methods al CMC'S Rwal Unitof Heanh and Soual Affairs. Tucker Children'8 Fund This fund is to pay for a singk intewtion ts ththjren POOT farnle8where there is a hiyh k8lthood of 8 positive ouicome. Jawadhi Hilis Money given to support CMC'S work in Ihe lribal region of Jawadhi Hdls. Low Cost Eff¢¢tNe care Unlt This fund enab projects at the Low Cosl EffectNe Care UnftwhK ainsto gNe oualty but oJst5UPPOrt to the poorèst inhabitants of ven0. Patents pay a nominal arnjt for regi%tratM)n. and Ihen are onty tharged for dwgs and investigations- even those charges acrg to Ihe indwiduals abitity kn pay. Palliative Care This fund supports the Paltative Care worf( at CMC amongst those lemiinally The team proe8 medical SUPPfrt compassionate care and love at the end of these patieTrYs INes. often travelling to patienfs hornes rf they are unable to cc4n8 to hospilaL Palliative Support Funds also albcated to cover practic need5 0118m8who are seen by the team OTwho ha¥e been bereaved. Education and Tralnlng This fund may bE Used tc provhye indmdual traIng grants of LW fo £5klor CMC staff corn9 trj Ihe UK for cantinuing medical edu¢ab"on. Smaler arnounts are availab to help c£s¥er¢osts of Mission Hospilal staff receiving training at CMC. Some funds a used for training schOlah1pS for students al CMC and affiliated in$ts"tuti¢)ns. 19
FRIENDS OF VELLORE UK NOTES TO THE FINANCIAL STATEMEPWJ FOR THE YEAR ENDED 31 DECEMBER 2024 14. STATEMENT OF FUNDS lcoiilinuedl Pappa Qua$kEndowment Fund A quaSendOwMenlfund for the tralTr9 of sludents at CMC. Velkye wilh Ihe crileria that - The students are from poor anLI dk%advantsged badtgrounds from Ramnad OtriCt or oiher8rÈ8s of T8mil N8du - The traintng can be n rrEdiane or other profon$ alld to rned1ne. Liz Coat88 Scholarships Fund te support nurwng andlor alld 51udeTrts of deservry famls and tyrJJm5Iaft. PrK)nty 1$ to be giveii to underpiivileged Christian students frcffi Tamil Nadu. It 8 quaspetpe1uaJ fvnd wth option to use up the (apitsl rf value decreases $Y4nrfi¢anty. Emerg•ncy Fund Funds for palients unable to afford treatment al CMC wly) do not faw vAthin the PTP uitwia. covrD-19 Funds given to cover the costs incurred by CMC treats"w pakntnls COM19. and also CMC'S provi ofbasic supplies for local alected by the pdern. FOV Scolland Funds raised by Ihe FOVScoUand gro to allccate to wqecls al CMC of Iheirth¢)osing. Ajumni Projects CMC Alumni from a spÈufic year grJP (batch) join togelher io ratse flmds for a spÈrific project al the hospital. This also indudes spe(#fi¢ projects UK Aurnni donate lunds forfoNO%ng requests from CMC. Nursing Alumni CMC NursMIg Alumni donations for proi8c15 Ihey collecthety al{e at CMC. Mlssion H08Pitals Thi8 fund is io svpp)rt pmie¢ts in smafer m15wn hospttals afftkled to CMC VelknrÈ. Baptist Christian Hospilal Tgzpur Funds to support Baptist Chll5tsan H05Pital Tezpur. a nWSsh h0sF41 in CMC'S neh¥ork. Chlnchpada Ghri#tian Ho8phtsJ Funds to support Chinthpada Chrtian Hospilal TezpLFr. a mi88ion hwtal li CMC'S nÈtsvoT Kotagiri Modical Fellowship Hospitsl Funds to support Kotagiri MediL31 Fellowship Ho4¥fal, a rn)n hospit wwknng in parkner5hip wilh CMC. 20