FRIENDS OF LUDHIANA
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2023
Company Number: 497421
Charity Registered Number: 314148
Jacob Cavenagh & Skeet
Chartered Accountants
S Robin Hood Lane
Sutton
Surrey SM12SW

FRIENDS OF LUDHIANA
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2023
Contents
Page
Report of the Council of Management
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-15

FRIENDS OF LUDHIANA
REPORT OF THE COUNCIL OF MANAGEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2023
The Council of Management have pleasure in presenting their report and the accounts for the year ended
31st December 2023, which have been prepared in accordance with the Charities Act 2011, and the
Charities Statement of Recommended Practi￿ (Charities SORP (FRS 102)) and Financial Reporting
Standard 102 (FRS 102).
Objects of the charity
The principal activity of the Friends of Ludhiana is to carry on charitable work for the benefit of the Christian
Medical College (CMC) in Ludhiana, India, comprising a medical college, dental college, college of nursing,
college of physiotherapy, Institute of Allied Health Services and hospital. The charity does this through
the dissemination of news of the work of the institution, recruiting of volunteers with medical expertise and
facilitating student elective placements in various disciplines, as well as raising of funds in support of
CMC'S activities.
Organisation
The charity is a company limited by guarantee and governed by its Memorandum and Articles of
Association.
The activity of the Friends of Ludhiana is controlled by the Council of Management for policy decisions.
The members of the Council are also trustees.
During 2023 the Friends of Ludhiana operated essentially out of the home office of the Chairman. Area
Representatives (honorary) seek to promote the interest of the charity throughout the United Kingdom.
Council of Management
The Council of Management is elected from the membership of the Friends of Ludhiana, proposed by the
members of the Company or by the Council of Management in accordance with the provisions of its
Memorandum and Articles of Association.
The following persons have served as members of the Council of Management..
DrKRHine
President and Chairman
Mr P J Clark
Honorary Treasurer (Deceased on 4 December 2023)
Mr D Forbes
Honorary Treasurer (Appointed on 13 June 2024)
Miss A R Tootle
Mr N Watts
Mrs U Hyde
Dr J V Sumitra
Rev J P Mall
Dr M Hoskin
Dr S Mullick
Dr A Thomas
Dr K Singh
DrROPaul
Miss T A Allen
Company Secretary
(Appointed on 20 February 2024)
(Appointed on 20 February 2024)
(Appointed on 20 February 2024)
(Appointed on 13 June 2024)
(Appointed on 13 June 2024)
(Appointed on 13 June 2024)
Key Management Personnel
The key management personnel of the charity include the above and are in charge of directing, controlling,
running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee
received any remuneration in the year. Any expenses reimbursed are shown in note 3 to the Financial
Statements.
Page 11

FRIENDS OF LUDHIANA
REPORT OF THE COUNCIL OF MANAGEMENT
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
Risk
The Trustees undertake ongoing reviews of all areas, but especially of those areas where risk has been
identified, and have implemented systems to mitigate these risks.
The Trustees consider the principal risks and uncertainties facing the charity and concluded that the main
risk is that of the reputation of the teaching hospital in India that we support and that there is little the UK
trustees can do to manage this risk.
Responslbilities of Council of Management
The Council of Management is responsible for preparing the Report of the Council and the financial
statements in accordance with applicable law and regulations. Company law requires the Council of
Management to prepare financial statements for each financial year in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The
financial statements are required by law to give a true and fair view of the state of affairs of the company
and of the surplus or deficit of the company for the period. In preparing those financial statements, the
Council of Management is required to..
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP.,
rnake judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue its operations.
The Council of Management is responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the company and which enable it to ensure that
the financial statements comply with the Companies Act 2006. It is also responsible for safeguarding the
assets of the company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Review of activities
Friends of Ludhiana has continued to support the Christian Medical College (CMC) Ludhiana which is
seen as an institution of care and compassion with opportunities to serve people from all walks of life - rich
and poor, urban and rural. The work of CMC Ludhiana has continued, although since the Covid Pandemic,
the in-patient bed occupancy rates have remained low which has impacted on the institution's income.
The Friends of Ludhiana Council of Management has met three times during the year via Zoom and
considered not only how to consolidate our support in established ways, but to seek new opportunities to
assist in the work and respond to the challenges presented to us. We have also had the opportunity to
support the Dental College which is an integral part of CMC. The Council of Management was greatly
saddened by the unexpected death of our Treasurer, Peter Clark, on 4 December 2023. His passing was
a major blow to the charity. However, the Council has been strengthened and encouraged by the interest
of Ludhiana alumni in both medicine and dentistry, five of whom subsequently joined the Council in 2024.
There has also been interest from I￿0 medical students seeking to do their period of elective study at
CMC.
Page 12

FRIENDS OF LUDHIANA
REPORT OF THE COUNCIL OF MANAGEMENT
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
Review of activities (continued)
The Governing Body of CMC met twice during the year. These were hybrid meetings with local members
joining face-to-face and those from further away [especially those representing overseas supportersl
participated in the meetings via Zoom. Friends of Ludhiana were represented on Zoom by Trustees at
both meetings.
Fund-raisin
CMC Ludhiana has a continuing need for the input of both voluntary support and financial
resources from Friends of Ludhiana. Many projects have focused on providing free or highly subsidised
treatment for poor patients and scholarships for student nurses and it is hoped that through its continued
UK support base, Friends of Ludhiana will be able to support projects which seek to help the poor, needy
and underprivileged people of Ludhiana, as well as CMC'S own outreach programmes. In addition we will
consider support for capital projects identified by the Director and during the year, through the generosity
of a number of supporters, we have enabled CMC to upgrade facilities in the hospital and colleges. One
of our Trustees works tirelessly to seek financial contribution from Trusts, and our publicity material
continues to remind members of the benefits of legacies to charities such as Friends of Ludhiana.
Practical Su
ort During 2023 the Good Samaritan Fund was maintained with a donations totalling
£30,000. A contribution of £20,659 was made towards the purchase of a Coned Beam CT scanner for the
Dental college. An alumnus from the Dental college was instrumental in encouraging a number of other
dental alumni to contribute to an appeal for this equipment which Friends of Ludhiana augmented from
unrestricted funds.
Providing healthcare for the very poor is a considerable drain on the financial resources of CMC and the
institution receives no support from the Indian government. With this in mind Friends of Ludhiana has
continued to support the 'Good Samaritan Fund, IGSF] which provides financial assistance for those
patients who come through the hospital doors requiring treatment, but who are unable to pay for it
themselves. These patients are carefully assessed by a group of doctors at CMC and financial support is
authorised appropriately. The trustees are greatly encouraged that the fund has been well received and
established and this was confirmed by the regular feedback we received from CMC regarding the patients
Ireated with financial support from the GSF.
orter base The Council continues to keep its mailing list under review and developing links with
supporters through e-mail and our website to keep them informed of events at CMC and the work of
Friends of Ludhiana in supporting them.
Page 13

FRIENDS OF LUDHIANA
REPORT OF THE COUNCIL OF MANAGEMENT
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
Financial Review
Overall income amounted to £79,413 as compared to the previous year's total of £17,539.
The continued financial support of CMC is entirely dependent on the ongoing support from the members
and other contacts and charitable institutions within the UK. The Trustees are however confident that the
charity has within the meaning of the Charities Act, sufficient support for those current commitments and
support projects.
Friends of Ludhiana will continue to support projects which seek to help the poor, needy and
underprivileged people of Ludhiana and those seen through CMC'S outreach programmes.
The Council of Management has considered carefully issues surrounding donations of all kinds and agreed
policy which would seek to welcome donations from different sources, although to discourage certain
conditions placed on donations wherever possible. Alongside this, guidelines established for project
funding have sought to address factors particularly pertinent to larger projects.
As part of its fund-raising program the Friends of Ludhiana has continued to seek to identify charitable
trusts within the United Kingdom that might be approached to consider making a contribution to essential
and worthwhile projects at CMC.
The Council of Management would like to thank the members of the Friends of Ludhiana for their prayerful
support and interest in 2023 and trust that it may continue.
Investment policy
The Trustees, having taken knowledge of their commitment and funding position, have researched the
market. Having considered their findings they have pla￿d monies on short-term deposits at the best rates
available.
Reserves policy
It is the policy of the charity to maintain this fund at a level which equates to approximately twelve months
unrestricted expenditure. This provides sufficient funds to cover management and administration and
support costs. The fund was maintained at this level throughout the year.
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity. The
trustees will review the level of this reserve to provide sufficient to cover management and support costs
and to respond to emergency applications for grants which may arise from time to time.
Total funds at the year-end were £91,500. Restricted funds and endowment funds that are not available
for general purposes were £34,585.
Page 14

FRIENDS OF LUDHIANA
REPORT OF THE COUNCIL OF MANAGEMENT
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
Public Benefit
We have referred to the guidance in the Charity Commission's general guidance on public benefit when
reviewing our aims and objectives and in planning our future activities. In particular the trustees believe
that the Charity's financial support of Christian Medical College Ludhiana for any person in need of medical
attention and the sponsorship of individual nurses in training meets the criteria of public benefit.
Commitments
The Council has not entered into any legally or morally binding charitable commitments or guarantees
which might require separate disclosure.
In the view of the Council its assets are fully available and adequate to meet its obligations.
Future Developments
At present the only project is the continuing work of the Good Samaritan fund but we are open to
suggestions from the new management team.
Professional advisers
Bank8rs.'
CAF Bank Limited
Kings Hill
West Malling
Kent ME19 4TA
Independent Examiner.. M R Hickson
5 Robin Hood Lane
Sutton
Surrey SM12SW
Small company
This report is prepared in accordance with Part 15 of the Companies Act 2006 relating to small companies.
BY ORDER OF THE COUNCIL
Westerlands
Clayton Road
Ditchling
Sussex
BN6 8UY
Mr D Forbes
Council Member
20 August 2024
Page 15

REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF
FRIENDS OF LUDHIANA (the Company)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31
December 2023, which are set out on pages 7 to 15.
Responsibilities and basis of report
As the charity's trustees (and also its directors for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006
Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under section 145 of the Charites Act 2011 ('the 2011 Act,). In carrying
out my examination I have followed the directions given by the Charity Commission under section 145(5)(b)
of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by section 386 of the
2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and the Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Miriam Hickson FCA CTA
Jacob Cavenagh & Skeet
5 Robin Hood Lane
Sutton
Surrey
SM12SW
Date..
3 SopKwkn4 X) L4
Page 16

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FRIENDS OF LUDHIANA
BALANCE SHEET
AT 31ST DECEMBER 2023
Company Number.. 497421
2023
2022
Note
Current assets
Debtors
Cash at bank
59,670
6,079
95,040
85,688
Creditors: Amounts falling due
within one year
(1953)
Net current assets
Net assets
Funds
Unrestricted
Restricted
Endowment
56,915
32,392
12,914
68,668
10
10
For the year ending 31 December 2023 the company was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companies. The members have
not required the company to obtain an audit in accordance with section 476 of the Companies
Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act
with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
Approved by the Council of Management on 20 August 2024 and signed in its behalf by:
Mr D Forbes
Council member
Page 18

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key SoUr￿S of estimation uncertainty in
the preparation of the financial statements are as follows..
(a) Basis of preparation
The financial statements have been prepared under the Companies Act 2006 and in accordance
with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and
Financial Reporting Standard 102 (FRS 102) The financial statements are drawn up on the
historical cost basis of accounting, as modified by the revaluation of investments.
Friends of Ludhiana meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
(b) Income
Voluntary income and donations (including legacies) are accounted for once the charity has
entitlement to the income, it is probable the income will be received and the amount of income
receivable can be reliably measured. The income from fundraising is shown gross, with the
associated costs included in fundraising costs. Where material assets are donated to the
company for its use, these are capitalised at the estimated market value at the date of the gift
and included under income. Assets given for distribution by the charity are received as income
when distributed and stated in the accounts at the directors, estimated market value at the time
of receipt.
(c) Investment Income
This, and any associated tax credits, is included in the financial statements when receivable.
(d) Charitable activities
Expenditure is accrued as soon as a liability is considered probable, discounted to present value
for longer term liabilities.
The majority of costs are directly attributable to specific activities. Staff costs are allocated on
the basis of time spent by staff on each activity. Office costs, including governance costs, are
charged directly to the activity when incurred.
(e) Restricted funds
These are funds which are restricted when given by the donor as to the purpose for which they
can be used. The Council of Management is obliged to follow the donor's wishes or return the
monies to the donor if they are unable to do so.
Unrestricted funds
Unrestricted funds are given free of restriction by the donor and are to be used by the Council
of Management in accordance with the objects of the charity generally.
(n Investments
Those quoted on a recognised stock exchange are at market value and other investments are
included at Trustees, best estimate of market value. All gains or losses are taken to the
Statement of Financial Activities and included in net income for the year.
Page 19

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
ACCOUNTING POLICIES (continued)
(g) Debtors
Other debtors are included at the settlement amount due. Prepayments are valued at the
amount prepaid.
(h) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of opening of the deposit.
(i) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising from
a past event that will probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimated reliably. Creditors and provisions are
recognised at their settlement amount.
') Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
(k) Grants payable
Grants payable are payments made to third parties in the furtherance of the charitable objects
of the charity. In the case of an unconditional grant offer this is accrued once the recipient has
been notified of the grant award. The notification gives the recipient a reasonable expectation
that they will receive the one or multi year grant. Grants awards that are subject to the recipient
fulfilling performance conditions are only accrued when the recipient has been notified of the
grant and any remaining unfulfilled conditions attaching to that grant are outside the control of
the charity.
Page | 10

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
CONSTITUTION OF THE COMPANY AND MEMBERSHIP
The company is limited by guarantee, and each member is under covenant to contribute a sum not
exceeding £1 in certain circumstances as set out in clause 8 of the Memorandum of Association.
At 31 st December 2023, the Friends of Ludhiana had 162 members (2022.. 200).
COUNCIL MEMBERS
No remuneration was paid to Council Members.
During the year travel and other expenses of £nil (2022.. £348) were reimbursed to nil (2022.. 2)
trustees.
There were no other related party transactions.
EXPENDITURE
Unrestri¢ted Restricted Endowment Total
Funds
Funds
Funds
2023
rotal
2022
Direct Charitsble activities
Support funds to India
Premises costs
Other costs
67,659
67,659 30,000
359
359
359
830
68018 30830
Governance costs
Accountancy
Council expenses
3,630
3,630
1,860
Total expenditure
NET INCOMEI{EXPENDITURE}
2023
2022
This is stated after charging..
Independent Examiner's remuneration and accountancy fees
DEBTORS
2023
2022
Other debtors
Page | 11

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023 (continued)
CREDITORS: Amounts falling due within one year
2023
2022
Accruals
NET ASSETS
The balances carried forward on the various funds are held as follows..
Net current
assets
Total
2023
2023
Unrestricted funds
Restricted funds
Endowment funds
56,915
32,392
56,915
32,392
Net current
assets
Total
2022
2022
Unrestricted funds
Restricted funds
Endowment funds
12,914
68,668
12,914
68,668
Page 112

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
9 UNRESTRICTED FUNDS
Balance at
1st Jan
2023
Balance at
31st Dec
2023
2023
Income
Expenditure Transfers
General
Closure Costs
7,914
58,209
(3,989)
(10,219)
51,915
(￿)
Balance at
1°, Jan
2022
Balance at
3181 Dec
2022
2022
Income
Expenditure Transfers
General
Closure Costs
18,767
1,837
(12,690)
7,914
As explained in the Trustees, report, CMC has undertaken a complete review of its teaching facilities
and apart from funds already committed and transferred to Ludhiana, the Trustees are desirous to
continue this support.
Closure Costs - The Trustees have set aside £5,000 to meet on going commitments in the
eventuality of the charity closing its UK activities.
Page | 13

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
10 RESTRICTED & ENDOWMENT FUNDS
Balance
at1
January
2023
Income Expenditure
Gains,
Losses &
Transfers
Balance
at31
December
2023
2023
Poor Patients
Poor Cancer Patients
Good Samaritan
Student Sponsorship
Other funds
Equipment & related projects
Fellowship Department
Saurabh Thomas
Dental
Ninan
27,247
27,876
4,834
(10,000)
(30,000)
17,247
6,650
4,834
8,774
1,000
(1,000)
1,161
2,500
50
1,161
2,500
10,390
(20,659)
10,219
Subtotal
68,668
21,164
(67,659)
10,219
32,392
Pushpa Bhatti Memorial Fund
(endowment)
40
Total
(￿)
Balance
at1
January
2022
Income Expenditure
Gains,
Losses &
Transfers
Balance
at31
December
2022
2022
Poor Patients
Poor Cancer Patients
Good Samaritan
Student Sponsorship
Other funds
Fellowship Department
Saurabh Thomas
Dental
Ninan
37,977
27,182
4,834
(10,000)
(10,000)
(730)
27,247
27,876
4,834
10,694
1,161
2,500
50
1,161
2,500
50
Subtotal
73,704
15,694
(20,000)
(730)
68,668
Pushpa Bhatti Memorial Fund
(endowment)
Total
(￿)
Page | 14

FRIENDS OF LUDHIANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST DECEMBER 2023 (continued)
10 RESTRICTED & ENDOWMENT FUNDS {continued)
These funds are maintained for the following purposes..
Poor Patients, Funds and related projects- For the benefit of poor and needy patients treated
by CMC Ludhiana, either in the hospital itself or through outreach camps and clinics in both the
surrounding urban and rural community.
Student Sponsorship - For the tuition and other fees of Bsc (N) and GNM nursing students at
CMC Ludhiana.
Equipment and related projects
Towards the purchase of equipment and donation of
equipment for upgrade of facilities in CMC'S colleges and hospital departments.
Fellowship Dept- To support the chaplaincy team in CMC Ludhiana in equipping the chapel
and reaching out to hospital patients with specific needs at the discretion of the Chaplain
Saurabh Thomas - To support Paediatric Intensive Care in grateful recognition of their care
for one patient
Dental - for use by the Dental Hospital in improving patient care and purchasing a cone beam
CT scanner for the Dental College. The transfer in the year from general funds is to cover the
deficit on this fund, not expected to be covered by future income.
Pushpa Bhatti Fund- Capital amount held on deposit in the UK, and the interest to be used for
the benefit of pupils at St Thomas, School, Ludhiana.
Ninan - Funds to be used for the Dental College in CMC.
11 TAXATION
The company is exempt from corporation tax on its charitable activities.
Page | 15