REGISTERED COMPANY NUMBER . 01162279 REGISTERED CHARITY NUMBER ,. 275637 INTER CARE LIMITED IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
INTER CARE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Pag• Reference and Administrative Oetsils Report of the Trustees Independent Auditorfs Report 8-9 St8temenl of Financial Aclivit18S 10 Balancè Sh8et Cashflow Slatement 12 Notes to the Financial Statements 13-20 Not Part of tho Statutory Flnan¢lal Statoments Detailed Ststemenl of Financial Activities 21
INTER CARE LIMITED REFERENCE AND ADMINISTrATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEES AT YEAR END AND THROUGHOUT THE YEAR: Dr R Babla Bsc (Hons), MBBS {Lon). MRCGP (2016} Mr l R Bailey MSC, C. Eng. Mrs K J Garnett LLB Law. LPC Law (Vice Chairl Mr S Mabley Bsc {Honsl. C Eng. FCIPD (Chairl Mr R Peck BEng (Honslmech Eng. Mrs J P Widdowson BPham, PhD, MRPharmS Mr M W Jones B Soc Sci, ACA GENERAL MANAGER: Mrs D Hardy DChA, Bsc {Hons), Msc REGISTERED OFFICE: 46 The Halfcroft Syslon Leicèstershire LE71LD COMPANY NUMBER: 01162279 {England and Wales) CHARITY NUMBER: 275637 AUDITOR: Evolve Accountants and Business Advisors Ltd Unit 10 Phoenix Park Telford Way Coalville Leicestershire LE67 3HB
INTER CARE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees presenl Iheir annual report together wilh the audited financial statements for the year ended 31 August 2024. Since the charity qualifies as small under section 383. the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not required. structuro Governance and Management Constitutlon Thè charity is a Public B8n8fit Entity and règistsred as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7 March 1974. Subsequently. n8w Articles of Association were adopted on 7 September 2018. In the ev8nt of the company being wound up members ar8 required lo contribute an amount not exceeding £10. The Trustees, who are also directors for the purpose of company law. and who served during the year were: Dr R Babla BS¢ {Hons), MBBS (Lon), MRCGP12016) Mr l R Bailey Msc, C, Eng. Mrs K J Gamett LLB Law, LPC Law (Vicè Chair) Mr S Mabley Bsc {Hons}, C Eng. FCIPD (Chair) Mr R Peck BEng {Hons)Mech Eng. Mrs J P Widdowson BPharm, PhD. MRPharmS Mr M W Jones B Soc Sci, ACA Dr R Babla, Mrs K Gamett and Mrs J Widdowson are due to retire by rotation at the AGM in January 2025 and will offer themselves for r&election, None of the Iw$tees has any beneficial interest in Ihe company and there were no related paty transactions during the year Mothod of appointmont or oloction of Trust•os The Board has the power to appoint additional trustees as It conslders fit. New trustees are somelmes already familiar wlth the practlcal workings of the charity, as it is normal pracli¢e to involve them in the work of thè charity as volunl68rs b8for6 appointing them. However, some trustees are sp8cifically sought for their skills or knowledg8 in certain areas. Policies adopted for the Inductlon and tralnlng of Trustees During induction trustees are made aware of their duties and responsibililies as trustees. Information from the Charity Commission is provided. and additional training or Induction is given as necessary depending on the individual roles to be performed.
INTER CARE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Continued Organlsatlonal structure and declslon rnaklng The trustees, ¢haired by Simon Mabley, meet at regular inteNals during the year to receive reports, monitor the Company's activities and take major decisions affecting its future developmenl. The day-to-day work of the organisation is carried out by Diane Hardy, General Manager, with the help of four staff. Including trustees there are around forty volunteers who give their Ilme on a regular basis. The charfty Is an independent charity and is not part of any affiliation or umbrella group. Risk Management The Trustees have addressed the major risks to which the charity is exposed and are Satisfied that systems are in place to mitigate exposure to major risks. The risk management strategy is reviewed annually. The tw$tees have taken steps to see that trustees and staff have the necessary knowledge, expertise and responsibilities to help mitigate risk. In relation to prlnclple speclfic rlsks.. Health and Safety at Work is o)n$tanUy monitored and reviewed at each Board Meeting. Claudia Domin (Community and Events Fundraiser) is first aid trained and has undertaken appropriate courses. Before each visit lo Africa. He81th and Safety Risks are assessed and appropriate actions taken such as deciding appropriate protocols. training participants and the issuing of the Safeguarding Policy. Appropriate training has been undertaken by staff In relation lo MHPA procedures for the management of handling medicines and handling complaints about adverse reactions lo medicines. These procedures a carefully enforced and reviewed regularly in line with licensing requirements. Strict protocols and operating procedures {SOPSI are in pLqce to ensure that any medicines dispatched to Africa have sufficient expiry dates and are of suitable quality. Procedures are controlled by those with suitable medical and pharrnaceutical knowledg8. stralo Ob'ectives and Acllvltles The ¢harity's mission is to save lives and alleviate suffering through the provision of surplus medical resources lo rural partner heafih units in sub-saharan Africa. The aims are to collect surplus h8allh care goods and medicines (donated and purchased), for the O-fold purpose of medical waste reduction and to send regular consignments of vilal medical aid lo rural health units across sub-saharan Africa. Strategy & Objectives The charity reviews its strategic priorities on a thr8e-year cycle, and in 2023 agreed five strategic priorities for the 2023 - 2026 period. 1. To grow our impact by 10V.. 2. To ensure surplus medicines and healthcare goods (HCGS) are aNvays grealer In value than those that are purchased. 3. To diversify within our expertise and through signposting. 4. To introduce a new approach to Monitoring and Evaluation IM+E), supported by in country partners. 5. To introduce an Inter Care rallng. to detemiine which Health¢are Units (Hcusl we support.
INTER CARE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Contlnued In 2023124 we made progress against these objectives - in particular.. We continued to dev8lop new measures for Impact and have seen a sign¢ficant Ine8$e in the supply of HCGS, particularly trealment ilems and infection control products with a total of over 1 million individual il6ms despatched. In 2023124 v maintained the numb8r of courses of treatment supplied at around 70,000. The value of donated medicines and HCGS was 1.7x the value of those purchased, an improvementfrom the 1.3x in 2022123 and well ahead of our minimum target of lx. We have made progress on agreeing an approach to prlorilising M+E visits and have carried out M+E visits in Sierra Laone with the help of an In-country partner. We have established a "rating" system which categorises HCUS into Baslc, General & Specific categories. This helps us to detemine whith HCUS to support, and th8 most effective way to support them. Actlvlties for achieving objeetivès The charity achieves its objectives by processing donaled medicines and heahcare go¢)ds from pharmaceutical wholesalers. phamiaceulical manufacturers. medical supplies companies, GP surgeries and the NHS. The majority of all HCGS received are donated. These are sourced directly from companies offering their surplus products and also through GP surgeries, the NHS nationwide and members of the public. Offers of donations of sUlUS medicines are receiv8d from UK licensed suppliers and aT8 accepled only if the medicines are on the recipient country Essential Medlcines List IEML} and are needed by our partner HCUS. We continue with some 'ln-counW purchases, where it is felt appropriale, to enable supplies to be sent against a background of continuing airfreighl and shipping challenges. Medicines are being purchased in Malawi and Tanzania from Aclion Medeor, a German non-profit wholesaler and these medicines are transported within country to our partner health clinics. The financial donations and grdnts received, and Ihe olher fundralsSng efforts by the staff and volunteers provide the necessary funds to cover the purchase of medicines and the costs of running the operation, including warehouse and shipping costs. The charfty pays for Ihe transport of healthcare goods from GP surgeries and then sorts, stores and packages them along with donated and purchased medicines for despatch to Africa. The charity liaises regularfy with the HCUS in Africa to ascertain their needs and aims to send regular consignm8nts and also visits them on a rolling basis to assist with communicatlon and understanding. Inter Care producès dispensing protocol Infomatlon sheets, vthlch are sent out with donated medical supplies. These aim lo educate medical staff in Africa on UFFtO-dale usag8 of prescribed medicines and also to draw attention lo any particular problems which may occur. DopendenGe of Inter Care on donatlons In kind and volunt•or holp: The time given by volunteers locally in the East Midlands and throughout the UK who organise Ihe collection of medical supplies is vital to Inter Care's successful operations and is very much appreciated by the tTUStees. Special thanks go to the many Rotary Clubs and church congregations across the country that regularly support the charily. Around 40 volunteers. including the 7 twslees provide unpaid support to the charity, for 8xampl8 by raising funds or assisting wlth screening and sorting medical supplies at our premises in Syston, near Leicester.
INTER CARE LIMrrED REPORT OF THE TRUSTEES R THE YEAR ENDED 31 AUGUST 2024 Continued The trustees are aware of the Charity Commission's general guidance on public benefit and have consider8d il when reviewing their aims and objecliv8s and planning future activities. In line with charity accounts disclosure requirements. the trustees confirm that they have paid due regard to guidance issued by the Charity COMMssIon in deciding what activilies the charity should undertake. Achievement and Performance Modical supplies dispatched: In line with our strategy, and recognizing the move to container Shipping (away from paels), we continue to review how we measure the impact of our operations. For medicines we have adopted a measure of "courses of tréatment" {COT5) and in 2023124 we dispatched 73,644 COTS against this measure12022123 76,400 COTS). For HCGS w8 have introduced broad ¢alegories to give moro visibility lo our activities. Using these measures we have dlspatth8d'. ppw T•MIlicGlt•rnpPhd Uslng historic measures, the charlty dSspatched 19.275k9 of medical ald17,809 kg in 20221231 with a value £889,9321£808,995 in 20221231. Three shipping containers were sent (two to Sierra Leone and one lo Malaws) and in additlon, we have sent medicines from the UK to Malawi by temperature-controlled airfr8ight, which is in accordance with the requirements of our Wholesale Dealers Licence of sending medicine5 to Africa. We have also sent equipment to Tanzania as part of our One Wish project. Environmental Benellts: The charity's main sources of medicines are surplus (new) medicines donated by pharmaceutical manufacturers and partner charities, some UK purchases, and in-counlry purchases of medicines from accredited local organisations. The re-use of surplus medicines prevents waste, conserves the energy and raw materials used in manufacture and avolds the use of energy that would otheTrvise be used in incineration. Purchasing medicines within the African countries we supply avoids the energy usage and carbon emissions associated with air freight from the UK. We will continue to maximise the use of donated medicines. use in- country purchases Whe approprfate and minlmise UK purchases where possible. Almosl all of the charity's HCGS are obtained as surpluses from a variety of sources which again. conserves the energy and raw materials used in manufacture and avoids incineration and landfill. We will continue our efforts to increase the amounts of HCGS we obtain from UK manufacturers. the NHS. the public and other donors to maximise the environmental benefrts.
INTER CARE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Conllnuad W8 now sond consignments by container ship, both reducing costs and allowing US to send larger it8ms of equipment. Air freight is still used for medicines di$patGhed from the UK warehouse to ensur8 prompt dellvery and compllance wlth Good Distrlbulion Practice (GDP) as defined by the teThs of our MHFiA licence. Sending goods by sea inslead of by air reduces the carbon impact by a significant factor so we will continue to Increase the use of shipping contsiners whenever possible. In¢ome g¢neratlon: Inter Care is a member of the Fundraising Regulator and adheres to the Code of FurraiSing Practice. W8 have had no complaints about our fundraising methods this financial year. This is due to the steps taken to ensure that we cary out no fundraising methods that intimidate or affect vulnerable people such as 'tin rattling" The fundraising team consisting of Trust Fundraiser, Phil Riley and Communlty and Events Fundraiser, Claudia Domin, have successfully increased income versus previous year in a Challenging climate and of course through the generosity of our donors. Total cash income was £296,169, a 26V• increase on £234,396 in 2022123. One Wlsh Project: The One Wish project is designed to make 8 difference to every health unit which we current support by granling 'one wish" of a piece of equipment or other resource that would make a real difference to their work. In the last year 2023124, we granted a total of 20 wishes in Sierra Leon8, Tanzania and Malawi. The wishes included equipment such as autoclaves, microscopes. 02 concentrators, centrifuge machines, ultrasound scann8rs. Haemocue equipment etc. We intend to offer the One Wish project lo each health unit partner and 56 wishes have been complet&d so far. We anticipate Ihis will take up to the end of 2025 10 achieve and comp18te th8 project. Flnan¢lal Review As stated above, cash income generation for the year was very positive with a 260/0 year on year increase. In addition. overall cash 6xp6ndilur8 was down to £235,907 {£277.630 in 20221231 with the 150A reduction being primarily driven through a significant reduction in shipping costs and overall light cost control. As a result the stalemenl of financial aclivities for Ihe year shows a surplus of £60.262 versus a deficit of £43.234 in 202212023. As of 31 st August 2024, the totsl reserves were £144,651 (£84.389 in 2022123) of which £133,103 (£78,038 in 2022123) were unrestricted reserves. This increase in reservès reflects some spe¢sfi¢ gifts given in the year and reverses the trend of the previous years which had reduced our reserves close to minimum levels. W8 will continue to operate the board's stated policy of ensuring that funds are ulilised to maximise our support for our African partn8rs whilst maintaining reserves 81 a prudenl level. R959rves Policy The charity has set its minimum reserve level at £70.000. This is based around approximately 4 months, op8ratlonal costs. At the end of the financial year our reseNes were £133,103. Investment Policy Funds are held in a current account and in inveslm8nt accounts where appropriate, with a maximum level in each financial institution of £85,000 (the current level covered by the Financial Servlc8s Comp8nsation Scheme).
INTER CARE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Contlnued Going concern Wilh the charity operating above its minimum reserves level. the truslees have a reasonab expectation that the charity has adequate resources to continue in Ihe foreseeable futur8. Fundraising in the next few years will no doubl continue to be challenging. but with the decision to move the heavy and non-time-sensitive health care goods by container whenever possible and only use airfreight for medicines. a close control on costs can b8 achieved. We will also keep the level of purchased medicines under review. RESPONSIBILITIES OF THE TRUSTEES The trustees are responsible for preparing the Trustees Report and the financial statements in a¢¢ordance with applicable law and regulations. Company law requires the trustees to prepare financial slalements for each financial year. Under that law the trustees have elected to prepare the financial statomenls in accordance with Uniled Kingdom Generally Accepted Accounting Practice (United Kingdom Accounling Stsndards and applicable lawl. Under Company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of th8 charitable company and of ils incoming resources and application of resources, including income and expendilure for the financial year. In preparing those financial statements, the trustees are requlred to: select suitable accounting policies and then apply them consistently. rnake judgements and ostimales thal are reasonable and prudent. prepare the financial statements on the going concern basls unless il is inappropriate to presume that the Charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charltsble company's Iransactions and disclose with reasonable accuracy at any time the financial position of the charitsble company and to enable Ihem lo ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding th8 assets of the charitable company and hence for taking reasonable steps for the prevention and d8lection of fraud and olh8r irregularities. The trustses have given due consideration to the Charity Commission's published guldance on Ihe Public Benefit requirement under the Ch8ri1ies Act 2011. In so far as the trustees are aware, ther8 is no r818vant audil information of which the charitable company's auditors are unaware and the trustees have taken all the steps which they ought lo have taken to make themselves aware of any relevant audit inforrnation and to estsblish that the auditor is aware of that information. This report has been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practi applicable to Charities preparing their a¢¢ounls in accordance with the FinanGial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) and in accordance wilh Ihe special provisions for small companies under Part 15 of the Companies Act 2006. Approved by order of the Board of Twstees on 17 December 2024 2nd signed on its behalf by: Mr S Mabley Bsc (Hons), C Eng, FCIPD- Chalr of Truste¢s
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INTER CARE LIMrrED YEAR ENDED 31 AUGUST 2024 Oplnlon We have audited the financlol statements of Inter Care LimSled (the 'company'} for th& year ended 31 August 2024 which (x)mprise the statement of financial activitie5. balan sheet, Statement of cashfl¢)ws antj the related notes. ineluding a summary of significant aOuntng pelieies. The financial rèporting framework that has been applied in their preparation is applicable law and United lQngdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the VK and Republic of Ireland IUnbt8d Kingdom Generalty Acceptod Accounting Praoticel. This repx)rt is made solety lo the company's members. as a lJ)dy. in accordance with Section 154 of the Charilias Act 2011. Our audit work h85 been undertaken so that we might slate lo th8 company's members those matters we are required to Stale to them in an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the company ar the cornpany's rnembers as a body, for our audit work, for this report, OT for the oplniorns we have formed. In our opinion the financial ststements.. give a true and fair view of the stale of thè Companrfs affairs as at 31 August 2024 ar of ils incoming resources and application of resources. including its income and expenditure forthe ye8r then ended.. have been properly prepared in accordance with United Kingdom Generalty Accepted ACcOuntg Practice; have been prepared in accordance wrth the requirements (rf the Charities Ad 2011. Bas1$ for oplnlon We conducted our audll In a¢cord8nce wlth Intèrnallonal Standards on Auditing IUKI {ISAs IUKI) and applicable law. Our responsibilities under those standards are further described in the auditor's rèsponsibilities for the audit of the financial statements section of our raport. W8 are independent of the company in accordance with tho ethi1 requirements that are relevant to our audil of the financial stat8ments in the UK, including the FRC'S Ethi1 Standard, and we have fulIed our other 8thical responsibilities in accordance wlh these requirements. We beliève that the 8udil evKien¢e we hBve ¢)btsined is Sufficient and appropriate lo provKle a basis for our opinion. Conclusions relating to going concgrn We have nothing to report in respect of the followng matters in relalion lo which the ISA5 IUKI requlre us to report to you where.. the trustees. use of the going concem b8Si8 of accounting in the preparation of th8 financial statements is not appropriate., or the trustees have nol disclosed in Ihe financial statements any identified material UnrtaInl18S that may cast significant doubt about the company's ability lo continue lo adopt the going concem basis of accounting for a period of al least twefve months frown the dale when the financial statements are aulhorfsed for Issue. Othor inforn)ation The other infonnation comprises the information included in the annual Port, other than the financial statements and our auditor's report theroon. The directors are responsible for the other infonmation. Our opinion on the financial ststemenls tjoes nol cover the other infom8tion and, except lo Ihe extent otherwise expllcilly stated in our report, we nol express any form of assurance thereon. In connection with our audrt of the financial statements. our SponSIbl1 is to read the other infomiation and. In doing so. consider whether the other infom)ation is materially inconsistent with the financial slalernents or our knowledge obL3ined in the aLKJit or otherwise appears to be materially misstated. If we identify such material in¢onsistenGies or appaient material misslalern8nts. we are required to determine whèlher th8r8 is a material misstatement the financial sialements or a material misstatement of the other information. If, based on the work w¢ havg parformed, we ¢on¢lude that there 1$ a material mlsststement of Ihls other infomiallon, we are required lo report that fact. We have nothing to report In thig regard.
INDEPENDENT AUDThOR'S REPORT TO THE MEPIJBERS OF INTER CARE LIMITED IC¢ntlnuedl YEAR ENDED 31 AUGUST 2024 Opinions on other matter5 prescribed by the Charili95 Act 2011 In our opinion, based on the work und8rtaken in the course DI the audit.. the information given in the truslees. report for the financyal year for which thè finawal statements are prepared is consislent with the financial statements: and the trustees, report has been pr8par8d in accordance wlh appll¢able legol requlrements. M•tt•rs on whlch we are r•qulred t¢ r•port by ex¢gptlon In the light of the knO¥edge and understanding of the company and its environmBnl oblain¥(l in the course of the authl, we have not identified rnaterial misstatements in the Iruslees, report. We have nothing lo rgwt in rpeCt ol the following matters in relation lo which the Charitie¥ Act 2011 requires us lo report lo you if. in our oplnion.. adequate accounting records have not been kept. or retums 8dequate for our audit hav8 not been received from branches not visit8d by UB., or the finanaal stat&mants ar8 nol in agreement wilh the accounting records and rttums; or ertain disGlosures of trustees, remuneration specified by law are rK)t made.. or we have not received all the infomation and oxplan8tions we require for our audit., or the tfustees were not entitled io Prepare the financial statements in accordan¢e wf(h the small companies regime and lake advantage of the $m811 ¢ompanles' 8xomption$ in pr$p8rfng the trustees. report and from the ffjquiremonl lo ppar9 a strategic report. R•$ponslbllltle$ of truste As explained more fully in tnjstees. responsibilities slatement, the trustees are responslble for Ihe preparation of the finanaal statements and for belng satisfied that they give a twe and fair vlew, Bnd for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are freè from mat8ri31 misstatèment, wh8th8r du8 to fraud or grr. In Preparing the financial ststements, the trustees are sponsIble for assèssing tha cLsmpanls abilty to continue as a going concem, disclosing. as applicable, matters related to going rAJncem and using th8 going concom basis of accounting unless the trustees either intend to Iquidate the company or lo ceas? opgration$, OT have no realistic alternative bul lo do so. Audltorf$ rnsponslbllltl•s fw th• audlt of th• Ilnanclal sL*om•nts Our objedwes are to obtsin reasonable assurance aboutwh8ther the financial statèments as a whole ar6 fr88 from material misststement, whether due to fraud or eiror. and to issue an auditor's report th8t includes our opinn. Reasonable assurance is a high level of assurancg, bul is not a guarantse that an audit conducted in acccKdance wlh ISAS IUKI will always dtrtect a mal¥rial mi$slat&mgnt when il 8xists. Misstatements can arise from fraud or error and are considgred material rf, individually or in the aggregate, they could asOnablY ba expected to InfflUen the econornic declslons of users taken on the basis of these finandal statements. A fijrthar dèscription of our r8SPDnsibilities for the audit of the financial slatemenls Is local8d on the Flnancial Reporting Council's w8b5ite at www.frc.org.ukjaudilorsresponsibilibes. This descrlplion fomis part of our audilorfs repcyt. Ev0e Accountants and Business Advlsors Limited Accountsnt & ststulory Auditor Unit 10 Phoenlx Park TeKord Vvay, Coafville LeTSte[Shir8, LE67 3HB 17 D8¢ember 2024
INTER CARE LIMED STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNn Unr•stri¢l•d R•$tri¢tsd Funds Fund5 2024 2024 Total Fund$ 2024 Totsl Funds 2023 No¢9 INCOMING RESOURCES Donations and legacies Other tradin9 actsvitig$ Investment Income- Interest Received 1.066,377 9,525 3,274 76.520 1.142,897 9,525 3.274 990,727 7,078 1,545 Total Incomlng R•sourc•s 1,079,176 76,520 1,155,696 999,350 RESOURCES EXPENDED Costs of RaSsSng Funds Charitsblo Activities Govemance Costs 58.987 948,210 16.914 5,401 65,922 64.388 1,014.132 16.914 55,428 963,346 23,810 Total R•sources Expgnded 1,024,111 71,323 1,095.434 1.042,584 N•1 IncomlngllOutgolng} R•8ourc•s 55,065 5,197 60.262 143.234) Ro¢on¢iliation of Funds Totsl funtJ8 brought foM8rd 78.038 6,351 84.389 127,623 Total funds carrled forNard 133.103 144.651 84,389 All incoming resources and resources eXded dorive from contuIng aclNities.
INTER CARE LIMifED BALAN THE YEAR ENDED 31 AUGUST 2024 2024 2023 Mote FIXED ASSETS: Tangible assets 10 URRENT ASSETS: Stocks D8blors Cash at bank and in hand 5.545 6.204 147.537 159.286 4,004 7,959 88,657 100,620 CREDITORS: Amounts fallir¥J du8 Within one year 12 {14,635) 116,2311 NET CURRENT ASSETS: 144.651 84,389 NET ASSETS: 144.651 84.389 FUNDS Unre$lrf¢ted Fund$: General fund Deslgnaled Funds 13 133,103 78.038 Reslrided Funds 11,548 6.351 144.651 84.389 The trustees are satisfied that thè charitable company Is enlftled lo exempllon from the provisions of the Companl8s Act 2006 Ithe Act) rglating lo the audit of the financial statements for the period by virtue of section 477, and that rKI member or members have requested an audit pur5uanl to section 476 of the Act. The tnJst8es acthtwledgfr their r8sponsibilities tor. {il ensuring thatthe chariiab18 company keeps adequate accounting records whid) comply with section 386 of Ihe Act, and {ill preparing flnancial statements whlch give a true and fair vlew of the slate of affaKs of the company a$ al the end of the financial perfod and of ils surplus or deficit for the finan¢i81 period In accordanc8 With the requirement$ of section 393, and whlch olherwise comply with the qUIrementS of the Act relatlng lo financiol statenIs. so far as opplicabte to the company. Tha financlal slatoments have however been audited as required by the Charities Act 2011. Th9$0 financral slatgments havg bgen propared in accordance wth the PTovision$ 8ppli¢abl8 to companies subject lo the small companies. regime and wlth A¢¢ountlng and Reporting by Charilie5'. Slalement of Recommended Practice applicable to chariti•s prtsparing their a¢¢ounts In accordan Mth the Financial Reporting Standard applicablè in Ihe UK and Republic of Irejand IFRS 102). These financial $tatement$ were approved by the board and authorised for issue on 17 December 2024. and 8r6 sign8d on Ihelr behalf by.. S Mabl•y . Trusteg Company Reglstratlon Numb•r 01162279
INTER CARE LIMITED STATEMENT OF CASH FLOWS THE YEAR ENDED 31 AU 2024 2023 Noto £ Cash flows from operating •¢tiviti¢•: (Deficilllsurplus for the year Adjustments for.. Depreciation of fixed assets Interest Inme Dgcreasel{increase) in trade and othgr recelvables 60,262 (43.234) 13,2741 11.545) 1.755 1,5411 12,507) 11,812) Decreasellln¢reas81 In stoeJ( In¢reasel{decreasel In trade and other payables 1.5961 55.606 11,801) 150,899) Ngt cash fmm operallng activities Invèstmént actlvltles: Purchase of tangible fLxed assets Inleresl received N•t ¢*$h from Investm¢nt4¢dvttl•$ 3.274 3274 1.545 1,545 N•t IncY6aselld•¢r•as•) In cash and cash •qufvalents 58.880 149,354) Cash and cash equivalents at beginning of Ihe year 88.657 138,011 Cash and cash •qulval•nt$ at ond of year 147.537 88,657 -12-
INTER CARE UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 AUGUST 2024 ACCOUNTING POLICIES al Accountlng Convention The finanGlal statements have been prepared under the hlstorical cost convention as modified by Ihe revaluation of certain a&sets and in 8ccordance with the Compani¥s Act 2006 and Accounh'ng and ReporNng by Charftles.. Statement of Recommended Practlce applicable lo charflles pparing their accounts li accordance with the Financial ReporNng Standaril applicable in the UK and Republi¢ of Ireland IFRS 102). b) In¢omlng R•sources l income is Tecognised as Incoming Resources On the charitable company has enlltl8menl to InMe.11 Is probab19 that the income will be received and the amount ¢an be m&asured relIly. Legacies are recognised as Ihoy are rgceivod. Donatlons lo Health Care Unrts by Inter Care are valued based on Ihe NHS Drug Tarlff Rate IDTRI if the product is on the DTR list. For donatlons of products outside of this list, besl efforts are mado lo get an approprialo cost of purchase in the UK. This provides consistent valuation of our charitable donations irrespecliv8 of th8 sourco or rgclpignl of th9 aid. In kind donation$ of medl¢ines and health care )OdS IHCGS) to Inter Care are valued In the same way and re¢ognlsgd In In¢ome and Expenditure when dispatched. In recent years Inter Core has benefitèd greatly from partnerships with organisations providing access to purchase of low cost medicin0$ and HCGS in tho rgcipient county- Intanglble Income comprfses donated services whlch are Included at valuatlon of the esUmated financial c05t bome by the ¢JonJr. Grants r8c6ivable are accounted for in tha pgriod lo which they relats. Voluntary income is recognised upon receipt. Invoslment income is induded when receivable. Other in¢om8 is recognised in the period when it is receivable. c} Resources Expended Resources expended are included net of VAT on an accruals basis. Costs of generating funds comprise the costs associated with attra¢ting voluntary income. Charitable expentlSlure comprisè th¢)¥e costs associated with meèting the con8titutionBI requirements of the charitable company. Govemance costs Include those costs associatsd with meèting the statutory requirements gf the charitable company CludIng the 8lrategS¢ management. -1>
INTER CARE LIMED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES (Continu> As far as practlcal all expenditure Is allocsled direclly to the abovè expenditure categories. Where direct allocation is not possiblè. costs are apporlioned ov8r the expenditura cate9ories b*s8d on the analysis of division of staff time and other costs. Grants pxyable to overse88 projects arè charg8d to the Statement of Fin8neTral Advities in thè period lo whi¢h they relate. d} Tanglbl• Flx•d Assèts Flxed Assets are ststed al cosl18ss d8preciat1c. Depreclallon Is provl(Jed al the folbwThig annual rat88 in order to write off each asset Over ils estimated useful life as follows.. Fixlures and fithngs Offlco Equlpmtnt 10% on cost 20% on cost Flxed assets costlng more than £100 are capitali. A review of impairmonl of a fix8d asset 15 carried out if events or changes in circum$lan¢es indicate Ihalthe carrying valug of anyfixed asset may not be recovorablo. Shortfalls betsvgen the carrying valve of fixed assets arbd their recoverabb amounts are recogni58d as impairments. lrnpalmient losses are recognised in Ihe Statement of Finanaal Actiwties. •} Slo¢k$ Stock is valued al the lower of cost and net realisabb value, after Making due allowance for obsolet8 and slow moving items. Q Taxatlon As a charity, Inter Care Limited is exempt from tax on income and gains falling wfthln seclk)n 505 of the Tax9$ Act 1988 or S252 ofthe Taxation of Chargeabb Galns Act 1992 to the gxtenl that these are applied to its charitable objects. 91 Fund A¢¢ountlng Gèn8r81 funds are unresIrd funds av8iFable for use 8t th8 discret)n of the trusi085 in furtherance of the general obiectfves of the charity and whSch have not been designated for other purposes. D$$lgnatsd fund$ are unrs$tri¢ted funds 9aMrked by thè tru$l&&s for pattr¢ular purposes. Rèstricted lunds 8re Subjected to restrictlons on their expènditure imposed by the donor whKh have been raised by the Charity for a pacuLar purpose. The cost of raising and administeiing such funds are charged against the speThfic fur. h) P•n$lon Costs and other Pt-retIrement beneflts The ¢h8ril8ble ¢omp3ny q)erales a defined ¢onlribub"on nSIoN s¢h?me. Contributions payable to the schgmo ar¢ charg¢d to tho Stslem¢nt of Financial Aclivrti¢s in the perd to whKh they ielale. -14-
INTER CARE LIMITED NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES (Contlnued) Golng Conrn The INslee5 assess whetherthe use ofgoing con¢em is appropriate. ie. whelherthere are any material uncertainties related to events or conditions that may cast significant doubt on the aLNlity of the charity to ¢onllnue 8$ 8 gc>lng ¢oncgrn. Th8 trustèès makè tha assossment in respect of 12 months from the date of approval of the financial stslements. Company status The charity is a company Ilmlled by guarantee. The mgmbers of the company include the trusteès named on page 1. In the event of the charitable company being wound up. tho bability in fespect of the guar8ntee Is Ilmlleil lo £10 per member of the charity- k> Intsr•st ro1¥*blO Interest of fiJnd5 held on deposit 18 included when ffjeeivable and the amount Can be measLFred reliably by Ihe charhable company. this normally UFK•n notification of the Interest pald or payabl8 by th8 bank. Dobtors Trade and other debtors are recognised at the seldement amount after Bny trade discount offered. Pr¢paymgnl$ arg valued at the amount prepaid nel of any discounts due. m) Cash at bank and In hand Cash al bank and in hand includes cash and short temi hSghly Ilquid investments wlth a short maturity of three months or le35 from the date of the investment stsrting. n) Uabllltles and Pfovlslons Liabilities are recognised when there is an Obligat)ft al the Balance Sheet date as a result of a past event, il is probable that ¥ transfsr of ${nMi¢ bènefrt will be required in settkment. and the amount of the $9tt1¢menl be eslimaled reliably. Liabilities are recognised al the amount that the challty anticipates tt will pay to settFe the debt or the amount il has received as advanced payments for the goods or services it musl provide. Provisions arè measured at tho best eslimate of the amounts required to settle the obligation. Where tha affect of the tima value of money is material. the provision is based on the present value of those arnounls. discounle(l al pre-tsx discount rat8 that reflects the risks specific to the liobilty. The unwinding of the discount is recognised within interest payablg and similar charges. ol Flnanclal Instruments The charity only has financial assets and financlal Ilabllilles of a kind that quallfy as basic financial inslmmènts. Basic financial instrumants are initially regnised at Iransaction value and a subsequently rneasured at their settlement value wlh the exceplon of bank loans whkh are subsequenvy measured at amorlised cost usin9 the effective interest melhcKI. p} Crltlcal accounting estlmates and areas of Judg•m•nt Estimates and judgements are Continually evaluated and are based on historical experience and other factors, including expectations of fLrture events that are bell8ved lo be ?sOnable urKler the clrcumstancos. -1
INTER CARE LIMITED NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 INCOM114G RESOURCES- DONATIONS AND LEGACIES Unr•stricted Re8trictsd Total Fund¥ T¢)tal Fund$ Funds Funds 2024 2023 2024 2024 Medical donat•)ns and supplie$ at drug lartfl r81e Revaluation of pur¢h8se of medicine and supplies to drug tarrff rate (Note 1 bl DonBb"ons And grfts Legacies 561,669 561.669 452,692 289,858 208,847 6,003 289.858 285.367 6,003 304,262 223,842 9,931 76,520 Total donatlons and lèga¢les 1.066,377 76,520 1.142.897 990.727 Donatlons and Glfts UnrestI7Cted funds Premises rent waived by landbrd Ggneral donations received The Drominlee Trust Chi1189 Family Charitable Trust Souter Charltable Trust Trust grants under £3.000 Stsfford Twsl Edwina Mountbatten & Leonora Chlldren Trust Brian Mercer Trust Thè Leonard Trust SMB Trust David Listsr Trust Morèl Trust Haramead Trust Barbara Ward Childrens FouNl8tlon MPM Charitable Trust 2024 2023 8,000 106,797 20.000 8.C4)0 85,203 20.C()O 3,000 4,000 19,050 5,000 5.000 10,000 3,000 3,000 9,000 11.6LN) 5,000 5,000 6,000 5.000 6.000 Total Donations and Gifts- UnrestriGted Funds 153,803 R8slricted fvnds Anonymous Donations and those undgr £3.000 Trust grants under £3.000 Makgni Trust Schroder Charitablg Trust Rozelle Trust David Lister Trusl Beatrice Laing Trust Brfan Mercer Charttabie Trust W F Soulhall Trust Peter Stebblngs Charitable Trust Cuckoo Hill Trust Sister of Sl Jthseph of Peace Zephyr Charitsble Trust Totsl t)onalion$ and Gift¥- Restricted Funds 28,001 13.324 20.339 10.700 3,000 5.000 3,000 1,000 5,000 10.000 3,195 5,000 4,000 5,000 12,000 76,520 10.000 70.039 -1
INTER CARE LIMITED NOTES TO THE FINANcL STATEMENr FOR THE YEAR ENDED 31 AUGUST 2024 OTHER TRADING ACTIVITIES (ALL UNRESTRICTED FUNDS) 2024 2023 Events B(y)kJCard sales 8,657 868 9,525 6.303 775 7.078 COST OF RAISING FUNDS Unre$trleted Restrlct•d Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Rent and r8te$ Water, light and heal TelephonellT and website SlalKJnery, office. postage & sundry Repairs and maintenanc? IruranCe Waw and salades Fundraising costs Pension costs NalKJnal Insur8n¢8 4.800 594 2.133 950 4,800 $94 2.133 950 165 239 49.091 2.565 1.135 2,716 64.388 3.720 674 2,614 350 203 40.781 3.975 902 2.209 55,428 239 43.6 2,565 1,135 2.716 58,987 5.401 5.401 CHARITABLE ACTIVITIES Unrestrl¢ted Rèstrlet•d Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Me(iiclnes and supplies donated fre¢ of ¢harge to Health Care Units- see table below Shipping UK Shippin9 Overseas Project miscellaneous costs Wast8 disposal Travel Rent and ratgs Wal6r. light and heal Telephone I IT anLI webslle SlatK)nery, offi. ppslage and sundry Repairs and M8intenance Insuran Payroll & HR fees Professitsnal foes License fees Wago8 and salaries National Insurance Pension costs 851,527 38.405 1.263 18.815 889.932 1.263 18.815 5.880 812 283 14.000 808,995 1.852 37.439 780 1.164 8.181 15,350 6.070 5,306 5,880 812 283 8.933 5,348 4.265 7.067 4.265 2,796 1,489 2,146 565 13 50 2.846 1.489 2,148 565 2.051 3.153 1.823 1.104 322 322 61.343 3,393 879 64,282 3.481 61.343 3,393 65922 1 014 132 -17-
INTER CARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 5. CHARrrABLE ACTIVITIES IContlnu•d) Unr•strl¢tsd R•$trl¢t•d Funds Funds 2024 2024 Tolal Fund8 2024 Total Funds 2023 Purd)ases of medldnes and Supplies at cost Revaluation of purchased mgdiclngs and suppllg$ lo drug tsrrfl rat$¥ Donated medicines and supplies valued 8t drug tartff rates 38,405 38,405 52,041 289.858 289.858 304,262 561,669 561.669 452,692 Medidne$ and supplies donated free of charge to Health Care Unt 851,527 38,405 889,932 808,995 GOVERNANCE COSTS IALL UNRESTRICTED FVNDSI 2024 2023 Audit Fee Rent and ral88 Training Wa9es and salaries Notional Insuranca Pension costs 2.810 1,200 2.690 930 239 18.537 1,(KJ4 410 11,965 662 277 16,914 23,810 NET SURPLUSI{DEFicrr) FOR THE YEAR The net surpluslldeficill is stsled after charging-. 2024 2023 Depreciation 0th9r opgrating 3$9S 20,&X) 20.000 -18-
INTER CARE LIMITED IIOTE TO THE FINANCIAL sTATEMEs FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEES. REMUNERATION AND BENEFtrs No Trustee re¢èived any remuneration or other bgn8fils during the current or the previous year. During the year no Trustees were relmbursed for out-0f-ket 8xpen$e$ STAFF COSTS 2024 2023 Wages and Salaries Social SUrIty cnsts Pension Gontributsons 122.399 6.771 2.829 131.999 123,580 6.694 2.733 133,007 The avewe monthly number of ernployee8 during the year was as follows.. 2024 2023 Generating Funds charitab Activities No ompl)yee ¢arn¢d £60.000 pèr annum or more. 10. TANGIBLE FIXED ASSETS Flxtures & Flttlngs Computer Equlpm•nt Tolal$ COST OR VALUATION: At 1 Sèpt8mber 2023 Additions Disposal Al 31 August 2024 5.033 18,747 23,780 5,033 18,747 23.780 DEPRECIATION.. Al 1 September 2023 Charge for year Charge on disposals At 31 Augljst 2024 5,033 18,747 23.780 5,033 18.747 23,780 NET BOOK VALUE: At 31 August 2024 Al 31 Augusl 2023 -1
INTER CARE LIMITED NOTES TO THE FINANCi4L STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 11. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepaymgnts aThJ amed inrne VAT 5.226 833 145 6.918 833 208 12. CREDITORS: AMOUNTS FALLING DUE WITHIN OME YEAR 2024 2023 Social Security and other t8XèS Other creditors Accrued èxponsas 1,500 720 12,415 14.635 1,701 1,480 13,Q50 16,231 13. MOVEMENTS IN FUNDS At1 Incomlng Outgolng September Resources Resourc Tran¥fvrs 2023 At31 August 2024 Unrestricted funds General funds DesvJnated fun(Is 78,038 1,079.176 1,024,111 133.103 78.038 1,079.176 1.024.111 133.103 R•$td¢ted lund Re$tricled fund 6.351 76,520 71,323 11.548 1 155 696 1095 434 144.651 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Fund Restricted Fund Total Fvxed ass&ts Cash at bank and in harKI Other nel Iliabilitiesya$sets 13S,989 2,886 11,548 147,537 2.886 133.103 11.548 144,651 -20-
I1ER CARE LIMttEO DETAILED STATEMENT OF FINANCIAL ACTIVrnES FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrf¢t*d Rèstrleted Total Funds Total Fund¥ Fund$ Funds 2024 2023 INCOME AND ENDOWMENTS Donations and 18gaeie$ Medical donations Ilnclud8s r8v8luationsl Trust donatlons General donatsons receNed {Incl Gift Aid} Legacles Gffts in kind 851.527 94,050 106,797 6.003 8.000 1,066.377 8S1,527 142.569 134.798 6.003 8,000 1.142.897 756,954 110.300 105.542 9,931 8.000 990,727 48,519 28.001 76.520 Other trading activitios Booklcard Sales Events 868 8,657 9,525 775 6,303 7,078 8,657 9,525 Invgstmont and oth•r incom• Deposll account interosl Total Ineomlng resources 3,274 1,079,176 3.274 1.155.696 1.545 999.350 76,520 EXPENDrruRE Wages Empk)yers National Insurance Pension Rent & rates Insurance W$ter, light & heat Telephone, IT & website Postage & stationery Repairs & maintenance Donated medlcines & supplles Shipping UK Shipping Overseas Projècl mis¢8llaneous costs Waste disposal Travel License feès Payroll & HR lee8 Govemance Training Fundralsing costs Total r•$our¢¢$ expended Not incomellgxpgnditur•l 116,998 ,771 2,829 12.933 2,385 5,942 6.398 1,864 1.654 851.527 5.401 122,399 6,771 2.829 20,000 2.385 5.942 6,398 1.914 1,654 889,932 1.263 18,615 5.880 812 283 322 565 2,823 1.882 123,580 6,694 2,733 20.000 2,026 6.744 7.920 2,051 3.503 808,995 1.852 37.439 7.067 50 38,405 1.263 18.815 5,880 812 283 1,164 8.181 879 1.104 2.725 239 3,975 322 565 2,823 1.882 2,565 1 024 111 55,065 71.323 5.197 1.095.434 43,234 This page does not fomi part of the stslutory finencial 5tatem8nts -21-