500 miles
(Charitable Association)
ANNUAI. REPORT
AND
FINANCIAL STATEMENTS
31 D¢c¢mt¢r 2025

500 miles (Charitable Association)
CONTENTS
Page
TRUSTEES. IiEPORT
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
15
16
BALANCE SHEET
17
STATEMENT OF CASH FLOWS
18
NOTES TO THE FINANCIAL STATEMENTS
19

500 miles (Charitable Association)
TRIISTEES, REPORT
The trustees are ple&sed to present their annual rqx)rt together with the fjnancial
stst¢m¢nts for the year ended 31 December 2025.
The Legal and AthninistratiN'¢ infomiaiion set on page 13 forms part of this report The financ]a]
3tstementy comply wtth the Chan"ii¢s and TTUStee Investment IScod&nd} Act 2(K)5. the Charjties
Accounts Iscotlandl Regulaiions ?{K￿l las amend￿1. the Mcmorandum and Articles of AS￿latiOr
and Accountin¥ and ReFKYrting by Ch4]niies Statement of Recommended Practi¢¢ applicable to
charities prq)anng their accounts in accordance with the Financial Rep)rting Standard applicable in
the L k and Republic of Ireland IFRS 1021 leffective l January •0151
TRLISTEES
Th¢ irustees who have serv￿1 during the p¢ri(d since the last tru*e¢s' reiKKt are Olivia Gile& Robin
Garrett. Susan Dalgety. Jone Salmonsorl Susan Davie and Shruu TUTT￿.
OWF.CTII'F..% AJD ACTII'ITIES
The obi¢cts of the charity ar¢..
'tO SUPPOrt Disabled People in depritr'ed areas of ih¢ world by crea¢in%. fsl4bli5hin%* managing•
running• donating to or otherwise supporting projects which the C"harilv may from time to time
conjider will further the inierests of Disabled Peopl¢, ￿ftdtr declaration ih*t the Charity will
hAvt 4 p8rti¢ulAr focus OD furthtrinR the interes1$ of Amputeej including the proviyion of
prosthetic JeThi¢eJ andlor Components andlor do'ires io them; where -Disabled People- means
people who Juff¢r from an) form of dis*bility* -Ampuie¢s- pergonj who h*ve fllll or
p•rti&l absence of * limb or limbs whe¢htr eonge•it•lly or dut io or traum
I￿nn8 the accouniinB period these objeclivcs to further the chanty'$ PUT￿Se5 for the public benefit
have bttn fulfilled thrO￿h the followin8 8CtIviii¢s.
l.Ilntil 31" March ?0?5. ongoing management. (yeration gnd fundin8 of a prosthetic and orthotic
("P&O"I service I'the P&0 Servi¢¢"l. rK)w orKrnting at th¢ wosthetics and orthotL¢S d¢partmeni I'the
P&.0 l)epartment"l of The Lllongwe In5titule of (Miopa¢dics and Neurosurgery. a new orthopaedic
compl¢x In Lilongwe. Malawi I"LION"} The P&.0 servi￿ w&$ establishsj by 5(X) miles In 2(K)8 and
it pres¢ribes. manufactures and fits prostheses and orthos¢s and wms to serve the whole of the central
region of Malawi
2 From I. Apnl 2025. LNwoin8 mi)nilonw ￿1X1￿ and funthng of the P&0 knIc¢
3. Paying for the collection from L wsaka and distribution Ln Sdima. of 50 persona] ener8y
transp)nation mcycles IPErrsl, and pans for 15 mor< for KLrthand￿a Osayenda Disability Outreach
I'KODO'I
4 Fundin8 the sL￿pIY of a few P&0 devKes to p)or people attendin8 the prosthetics and orthottcs
depath)¢nt of the University Teaching Hospitai in Lu5ak& Zwnbia {"UTH-I.
5. Planning w)d paying for the trwnjng of a m￿aW1£n in wostl*ts¢s and orthotic& at Exceed
Worldwide in Cambodia I"Exceed'l. with a view to his deployThenl in a 51K) miles. projeck incluth'ng
paymeni of fe¢s, Iivu]8 atlowancts and travel costs.
6. Fundraising for the ch8n"ty.
ACHIF,I'F.MEYTS AND IMPAcr
Malawi
111 In accordance wrth the charity's IM8-ium plafy SW miles han￿ over full fi￿ and
administr￿1Ve re5POn5ibility for the P&0 Servi￿ to the LION Trust on 31 March 2025 with an

500 miles (Charitable Association)
ACHIEVEMENTS AND IMPA(
continued
inforniai. unenforceable commimieni to a four-year ￿lod of redu¢ing run-off
support {"Handover'l subject to certain condition5 around lal production level. Ibl quality. Icl In-
country. extenllily denved Income gener*ion and Idl nng-fencing of in¢ome generated by the P&0
Departrnent for the benefit of the P&0 s¢rvice I'the Conditions") bE]ng satisfied The LION Trust is
a Joini ventute between a Nor￿￿￿} conS￿luM and the Minisby of Health of Ma]awi I"MoH
lalawi")
121 Up to Harthver, the chan.ty funded all costs of proJu¢tion of all P&0 devices sw)pl]￿ through
the P&0 Service which were noi by MOH Ma]awi or by Income to the P&0 Deparnnent from
third party sources Posi Handok'er. a5 described at para￿ph$13￿ and141 below, the chanty supwrted
th¢ Lion Trust to pr￿uce ail P&0 thvicts suw￿led through the P&0 Service.
The tota] number of patient5 treated in 2025 w&8 1.685 compared with 1.417 w 2024. 1.50.l In 2023.
ond 1.513 in 2022 1.49? new P&0 d¢Yices were delivered In •025. ￿mpared with 1,248 In 2024.
1.191 In 2021 and 1.296 in 2022. which repres¢nts an avera8e of 124 new device5 a month compared
with an average of IIH in 2024. 99 25 In 20?3 atMI 105 8 in ?02?
This means that capacity and
prodLiCtion rates Ln 2025 have held up and even JnLYe4sed throuuh Handover1245 more dewices were
supplied to 268 MO￿ patients). The slightly lower Tates In 20?.l and 2024 are due to a delay In the
delivery of the annud stock (Kder In July In Ix)th yeaT5 aTMI the P&0 Service Ixin8 closed for a lot of
Dec¢mF*r 2023 and January 20?4 In prepa￿lon for moving In¢0 LION.
The P&0 Service had I 1.01 I registered patients &8 at eThJ of 2025. up 810 from l 0.18! at the end
of 20?4 compared Wlth an mcrease of t48 from the end of 202J The rate of increase in the numk)¢r of
new patients regist¢r¢d ¢a¢h year has FKen slowtng as the P&0 Service had b*¢ome well established
in Lilongwe Tr majonty of patients were, 2nd ￿111 are. returning paiients. but the significant In¢rease
in new patients registered with the P&.0 Service dunng the year under review Is very encourdging It
is probably mainly as a result of the P&0 s¢r¥ic¢ now bein8 fully Integrat￿ with the comprchensive
orthopa¢di¢ facility at LION.
13 I P()si Handover. miles used lis 01￿ Smile fund and unr¢stn¢ted Income to support patients of
the P&0 Service who could not afford io pay for the P&0 devices they need and thercfore SUPFK)rted
the P&.0 Scrvice Itself. by purchasing and imTX)rtin¥ io the P&0 tkpartment the equipmenL stock and
mat¢nals th￿ cannot be p￿Ch￿ed I￿allY and which are reqwred to deliver th¢ P&0 Servtce.
(4) Post Handover. SCO mile5 continued io fund s(Kne of the stsff and runnin8 costs of the P&0
Departsnent. monitored the Lion Trust'5 [￿rfO￿llance against the CoTrJiiions and otherwise supported
and provided advi¢¢ io the P&0 Service.
1515(K> miles supported the quajity of the P&0 Service lry lal completing the Implementation of the
quaiitv management Sy51em that was designed for the chanty in 2018 (the "QMS'I In the P&0
I)epartment b¢forc Handover and {bl settLn8 up and trKginning to Lmplement an effertive extemai audit
process for th¢ QMS to assess and make r¢¢otnmendations for Improvement In the quality of the P&0
Service and to make recommendatiiyns for tramin8 of the persormel of the P&0 Service
61 In anticipation of Handover. 500 miles WOTked with the LION TTUSt to iniegr2t¢ the P&0 Service
th the he￿th servi¢e5 and systems ai LION as far as possible. In particular the ch8nty had all of the
personnel of the P&.0 Service who were Ixin8 pajd dtr¢¢tly b). 5(K) miles ￿5[￿lled onto the LION
T￿￿1,5 payroll. a]beit that the majmty of the costs of employTnent were sttll met by 5(KJ miles.
(71 In anticipation of Handover. Tn order to sustajn the s¢lf-sufficiency of the P&0 Service. 5(X) miles
(a) Maxim￿¢d exierna]ly derived Income fr(￿ the P&0 Service and Ibl suc￿$$fUllY assigned a]1 of
Its fomial and Infonna] agreem¢nts with third paty Pofiners to the LION Tn]
The extern￿lY denved income 8enerdtaJ by the P&0 t)epartment in only the fiT5t quarter of 2045 wa5
£4.?40 compar&1 to £7.?21 In ?024, £13.4!7 ￿ 2023 and £10.401 in 2022. This me￿5 th* Income
8eneralion w&s very strong at Hanik)ver

500 miles (Charitable Association)
ACHIEVEMENTS AND IMPAcr
oTrtiDued
{8151K) miles to swth50r a technician working In the P&0 Service to study r(
diploma in orthopaedic technology by undertaking a three-year residentsal c(MUse at Exceed
beginning m January 2025 and from which he slKyuld graduate In January 20?8
{91 The charity cTh)tinued to the recetrtionist * the P&0 Dwe¥rt to undertake a diploma
l¢v¢l ¢OLwse in bu51ness management from which she 8radu*ed In Augu* 2025.
110) As a one off exer¢ise. 51x1 miles pwd f(K KOtK). a Malawian disabilty organisatiory to collect a
donation of 50 PErr5. and parts for 15 mOTe. from Lusaka and to distnbui¢ them to ps)ple with
disabilities in Salim& Ma]a
The main aim of .S(Ml miles in Malawi lo treatt self-suffi¢ienL $us¢4iDAble P&0
services thgt could be handed o%er to tht.Mal**'i nationAI health seriic¢- so as to secure Ihe
same quality of life benefits for fywre gener*tionq in .Ma18wi. The P&0 eentre ih#¢ 500
miles est4blished in 2UI 2 ai Mzuzu C entral Hospit*l {4MI'H-I ￿lty handed over to
MOH ￿1￿14￿1 4nd 11('Il in 2021 #nd durin% the period under review. Ihe ¢hArity sucres$fullv
handed oi'er the P&() kTh'i¢e io the LION TrusL Thi8 mt#ns th41 W miles hAs achieved
its mgin long lerni aim in Nlalawi.
In the period under rtview. *# * reBult of the P&0 Serviee which 11(Xl miles rgn 4nd
supported, people All over Malawi. bul p4rti¢ul*rly in centrnl rryion. have enjoyed
cDmprehen5i￿t P&0 service which they can Kcess or can bt #Misted to 9¢¢¢￿ and 1,68$
titnis received 1,493 devices.
The improved mobility and body fvn¢lion f4¢ili¢*¢ed by these P&0 devices and Ihe PETTJ
vMstI)' tnhgnctt quallty of Ilfe b). dI￿bled ptoplt A chance of employment. tdue*don
Ind s()¢i#l p#r¢I¢l￿tiOn *nd inclusion.
ZAmbia
51MI Inile5 funded the suN)ly of 5 P&0 d¢vi¢es try the P&0 depgrtsncnt at UTH for 5 adults who were
proposed to the charity by one of th¢ prof¢ssiond personnel WOTkin8 there 5(K) mil¢s had invited Such
prorK)sals for peopl¢ who wer¢ ￿nIggling to ￿Y themselves (m on 8d basis and the costs were
funded by the charity s On¢ Smile fund
Training
In j￿ul*r). 1026, 51X) miles twan to fund an wNualifted Malawian iechnician who had been workin8
at the P&0 Depattrnent for severdl years to trdin In prosthetics and onhxics to diploma level through
a three-year residential course nm tty Ex¢e¢it ITKI￿ling ￿￿￿ent of his fee¥ livin8 allowances and
travel cost5 He Is eX￿ted to qualify m January •O•8.
Sponsoring the intemalionatly recognised trainin8 of Ahcal) 51udents h&$ always k¢n and iemain5 a
cntical part of 5(K) miles 5tralegy to fu]fil its core objtttives Thls 15 the 21" African srud¢nl to have
t¢en swnsored by 5(K) miles for a totsl of 24 qualification5 since the chan.ty ￿an
Training Afritgns lo be¢omt proJtht¢ists and ortholists to m intsrn*tional staDdArd in thi$
way not only provides the human reso¥r¢es required to dtliver safr and effective P&0
services through OUT projects, but it also represents an e55ential inveslmenl in the5t serviet
at gr4ss roots leTrel to ensure their continuance for the benefit of people with dis#bilities in
ture generations.
Sponsoring tr#ining from 5 8chooL8 in 5 countries (T4nzani*, C%mlMbdiA. Indi4, Gtrniany
and Thailandl over the yearj widened the range of experience and prnetiet being
broughi back into Ihe Malawian and Zambian health servites. ID both the short and long

500 miles (Charitable Association)
AcH[E￿.EMF.NTs AND IMPAcr
coD¢inued
term. tr#ining a local work force directh. contributes to improvtment in the quality of lif¢
the proypeels for people with di8Mbilities in these Countries.
Other Activities
5(M) Iniles One smile fund may be used only to pay f(￿ or subsidise the COA of P&0 d¢vic¢s for people
in Malawi and Zambia who can't afford to buy their OWTJ. The charity's One Smil¢ fund is gradually
ing ¥stsb115hed &$ th¢ main for￿% of chanty.
Th¢ charity has encouraged one off aTKI regular dol￿tIonS from the community and it has encouraged
and $upportcd a Small amount of third-party furKlraisin8 It di￿d¢d th¢ majonty of that support
to One Smile The tota] funds rnised through regular th)naiions to One Smile were £15.5271£15,482.
in 2024. £15.37] in 2023. and £15,781 In 2022)
Newsletters were produced In May aTrJ Novemlv 2025.
The chariry's websi1¢ w&$ subswttially W￿01¢d in November 2023.
The charity was prorn￿ed at ffle large publ￿ talk
.IAL REI'IEW
Results for the period
During tliis accOL￿ting the income wa5 £76.2(/) {2024, £75.932. 2023. £255.295. and 2022.
£16?.651) The high Inc¢)me in 202? 15 mainly due to two large legacies and the much lower income
in 20?4 and ?0?5 Is Etcause charity has tC8un to r¢du¢¢ its Kiivities and has not i*en proactsvely
fundra151ny.
Of the totai income for 2025, d￿11￿$ totallin8 £55.319 were restricted in natur¢, £1 O.IJXI io tr￿.rnn
of a Malawian student and £45.319 10 On¢ Smile
This 1$ the fifteenih yew of the ¢l)anty's th'r￿1 8ivin8 FfO8ramme. One Smil¢. whereby donors are
encouraged to donw¢ smo11 sums. annually or monthly. on the ba51s that this money is restncted to
Ixing i&sed excl1￿7ve]y fw P&.0 servi¢¢ deltvery lo individ14als undff arry of 5rKI mil¢s' tYoJ¢¢is As
atrM)v¢. a iota] of £15,527 was rd15ed in thls financial pen(xl1•024, £15,481 2023. £15.37]. and 2022.
£15.7811 (These are In addition to ijther one-off donations to One Smile l The faci the chan'ty
has 5U5tained and eyen slightly incre￿4 regu]ar donations to Smile fr(Kn 2023 and 2024. despite
0￿￿1Y beginning io reduce the chanty's acliviiies. Is v¢ry wsilive
A5 aknve, the am(x￿1 of externally d¢riv¢d irK(Hn¢ raised device sales in only the first qiwt¢r
of 20?5 (before Handover) was £4,240 This COM￿re$ very favourably with the fu]1 years income of
£7.?21. £13.427 and £10,401 for th¢ yews 2024. 2023 and 2022 respectively.
ExI￿dIture on chantable xtivitie5 totslled £148.036 {2024. £133.543. 2023. £106.401. and 2022,
£1 •4.9511 This has b¢¢n incurred prmctpally in relation to.
{1 ) the Tunning cosls of the P&0 S¢rvi¢¢ in Malawi. Eef(Ye and after Handover.
(21 Completing the Llnplementation and conductujg external auditing of the QMS at the P&0
Departm¢nt in Malawi.
131 paying for the colle￿lOn of PE￿$ fr(m Lusaka aTMI their distrjbutson m Malawi for KODO.
141 fundmg thc costs of a few P&0 devices in Zambia on an ￿ h(* b&%1&
15) Trainin
Exwditure on charitable activities m 2024. pthiculorly ￿ Malaw. appe￿5 hitsr than in the three
previou5 years mainly Ixcause it Include5 two annua] orders of m}p￿¢d ￿¢￿k and equipment for the
P&0 DepartrnenL one In February 2025 for the year June 2025 to July 2026 and the second
Dec¢rnlKr 2025 for the yearJune 2026 to July 2027 and both w￿¢ sub5¢antial as the chanty tried io

500 miles (Charitable Association)
FThANCIAI, RF.VIF.W
stock up the P&.0 Depanment ￿ prelydratton for Handover and for the first penod of
service provisi￿ wst Handover. In addition, cO￿S had nsen for the DecemF*r 2025 order Other
reasons for expenditure remainmg high In are ( I I ￿th0￿h the chanry. Tto l(xJger pa)'ing an
¢XP8tnat¢ manag¢r which ac¢ounts for a large wrnon of the eNKnditur¢ m the previous y¢ars. It W&5
still pa>'ing the majority of three Salaries and two substantial trM)nu%es for staff at thc P&0
DepartmenL121 the charity suppleTneDied li)￿lY available furniture. tools and lon8 lerni stock for the
P&0 DepartTn¢nt in preparation for H4Txlover,(315￿ miles kgan a new tsaining 5tK)nsorship for a
Malawian studenL141 the Chanty finally C4)mplded the implemen1￿10n of the QMS which had i*en
In aEwan¢¢ sinr¢ 2019 and (51 th¢ ¢harity b¢w to the C￿er￿al a￿j].1￿￿ of the QMS.
Exp¢nditur¢ L)n raisu)g fw)ds w&5 low ￿ £2.13912024. £1.377. 2023. £2.314. and 2022. £2.179> Thls
is because the chanty did n(A hold any fun&a15in8 activttie5 dwin¥ the pen(xJ un(kr r¢vi¢w.
Expenditure for this fmancia] year t<Aalled £150,175 (2024. £134,920; 2023. £108.715. 2022,
£127,130. 2021, £142.368 and 2020. £125.0531
Afterdedu¢tin8 total expenditLf¢. th¢ T*t mov¢m¢nt fLrth f(xtk firhan¢i81 yearwas £73.W) (2024.
£58,988. ?023. £146.580. and 2022. L36.5211. 8ivin8 toiai funds camed forward of £.l?4.69512024.
£398.604. ?023. £457.592. and 2022. £311.0121 Of these £220.3(<J l?024. £316,1)66. 2023, £339,219,
and 202• £194.5.171 are unresm¢ied 'frtt' r¢swv¢s. ofter Lkduction of desIgn￿￿j funds. all
r¢pr¢s¢nied by cash.
Reyerveg poliey
The charity has not made and d(K5 not intend io make any future project commitments which will I
le¥aily enfoiceable or give rise to a COnstr￿lIVe obligation exce0 for bonus pyments In connection
with the management of the P&0 Service and L￿goIng reportin8 from It This committnent Is
d￿ndent on seTvice5 provided or conditionsbein¥ mel and so isnot provided for In the 2025 a¢¢ounts
In addition. there 15 a non-contraciuai fundin8 commitment In resrrtl of one student which again doe5
not reprcxni a liabiljty w d¢find in PgrnbTaphs 7 5 10 7 7 of the Charities SORP IFRSI O:
As above. and in accordonce with the chanty's Icmg-term plwL 5(Klmiles knded overthe P&0 Service
lo th¢ l.ION Trusi in March 2025 Ai Handover. In (ffder io tsy to secure the long-terni sustainability
of the P&0 Service, s￿ miles made C￿ditIonal financial ¢ommitm¢nis to the LION Trust and the
Charity intends to make further such C￿MilM¢nts In 20*6 All such commitments made bv 5(X) miles
hav¢ been and will be assessed accordin¥ TO the chanry's acw81 reserves and expressed 10 be
unenforceable statements of inient.
The trustee5 consider that. as at the balance Sheet date. there 15 more than a ontryear funding
commitment for 2026 An assessment of the tots] project commitments h&$ been treated as a d¢siBn8ted
fund In accordance with parwaph 7.74 of the SORP The to￿1 &ssessma)t of the v￿uC of these
commiimenrs Is £104.329 Budgets have t*en estsblished for ¢harity'S ￿MainIng activities und it
is the trM)ard's Intention to ￿ io maintain res¢rv¢s sulTi¢i¢nt to cover the annual core costs of these
activitie5 (after taking account of ihe de51gnations above) as a buff¢r agwnsi th¢ possibility of declining
future income 8eneration as the chanty moves Into its final pha¥ without having to fundraise
proactively Th¢ esiimat¢d annual Core ¢o*s for 5(K) miles. actsvities ￿ the rRxt financi8] penod are
£107.329 mcludmo the des1￿￿ted fimd
Reser¥'es are therefore ad¢quaie re12ttve io the projected budget for 2026. includin8 the financial
commitments {unenforceablel that the chanty has mth and intends to make In respect of 2026. The
charity aim5 to hold sutyicient reserves io be a bLSlS forprovithng r¢ducin8 tun-off supr￿ to the P&0
Service until 2031132 (without fundrnsing proactsyelyl buL as alK)ve. ￿] financial commitsnents
{unenforceablel have kn) and will ￿ m&k accorthng io the ¢hanty's available reserve5.
Investment policy
Thc w)Iicv Is to maximise the amount of interest that can be earned (m any swpI￿$ fim(ts by holdmg
them in a¢¢outrts off¢rin8 the hIgh￿t int¢re5t ixrt with sufficient flexibility foT the chan.ty to ￿ abl¢

500 miles (Charitable Association)
FINANCIAI. RF.VIF.W
to acce$5 thffln whffl nee(kd .4t the erKI of the accounting period the bulk of
unutilised funds and other cath resowces are held on two fix￿ ierni deposit accounts manjrmg In June
¥j￿ t)ecemkn ?0?6. .4 sutTIcTent balarKe to med foreseeable p4Thents Is held m the chan"ty's
operational accounts The tTusiees do rK)i believe It is appropnaie io tie up funds tn longcr-tctTn illiquid
fiTiancial iT)struments bccausc the rett￿s ￿1[[ not COmr￿nsate for loss of flexibility. and p•ticuiarfy
b¢cause the ¢hanty is not plannmg any woathve fwhdraising The chanty Inlends to MaInts￿ this
EK)Iicy of Investing the bulk of the cash funds held bLrt imm¢dioi¢ly reqwre& In similar. guarante￿1
fixed deFrf)Slt accounts and Interest earning bank xcounts This policy will ￿ kept under review.
The trustees conftrni thai It Is appr(yiat¢ to adopi the 80in8 cfflcem t*si$ in prepanng the annua]
finanlidl sta1￿￿ents.
CLIMATE CHANGE AYD SITSTAINABILrrY
The trLL8ie¢s have considered the effe¢t of miles (yerations on the environment The main
con51deraiion Is the Importation from Switwlond io m￿aw] of equipmenL pl￿tC and components
for the manuf￿1￿¢ of P&0 d¢vi¢es
The plastic aTuJ comFwcnls are nol rwclable without
dispr(V￿l(lnate]Y exr*nwv¢ ￿an1. th¢ p&n [￿￿￿1 is w%in¥ the Inw-co%t 5yslern of
manufa¢ture recommended for developin￿ counthes by ICRC for economic re&8ons and the long-tern)
sustainability of the P&.0 Service It may IKcome possible to purchas¢ the si(*k from a hub based in
Afn¢a. but at th15 time it 15 not economic to do so The chanty only Imix)rts Wh￿ Cannot k bought
IIKaily and tnes to make only an annua] order so &8 io ba]ance mainthming c8sh flow with making the
f￿'eSt numEtr of shipments arml Il order5 early so that ii d￿S have io use Airf￿18hI other than in
emw¥ency.
It Is essential that the chanty's QMS which has Ins￿lI¢d at the P&0 Department Is extemally
audited by high level professional prosthetist￿orthol1sts at lea￿ annL￿1]Y and this will necessltate
trai'el by iwo ¢xt¢rnai audit￿ li Is desirable for go(MJ communication and relalions with the LION
Trust as the In-county pann¢r for miles. ongoing activilie5 in Malawi. that the CEO visits the
P&0 Department o¢¢asionally bui such VLSliS will now be less frequent than annua] ond will Ix kepi
10 8 minimiim ￿herWIse. travel is minimised (kne of the chanty's tn￿CeS thxs not live near the
venue for trusiee meeiin¥s and 50 she only attends one of the two annual meetings of the trustee5 in
person so as to avoid travellin8 twice a year
The charity has no physical wemises.
5(K) miles will (mly Send items to Malawi or 7AMb￿ which ¢4mx be p¥￿1r￿j Ioc411y in tIv)5e
coimtrie5 or nei8hEK)urJng countnes unle55 the Items arc dOn￿ed and the economic knefit outweigh5
the cost of shipping.
RISI& MANAGEMENT
A f(ThHI risk &$5e5sment 15 G4md anTh￿IlY F.xecuttve OITieer reviews and uptse$ th¢
risk register quarterly.
Fingnci41 risk
It Is antlcipaied that thx¢ to I I l the e¢onomic climate and a reductson in donors. ￿n￿l ¢i￿l￿nStanCeS
and {•) th¢ charity's intimations that It 15 windin8 thwn its activities. It¥h'vidual fundrwsin8 by
supporters ond both tEgulw and ad hoc (kn￿70￿5 wll corrttnue to ￿ llff￿¢d
The charity does noi plan any futur¢ futthising actsvity Due to the level of the chan'ty's re5mes. it
11 noi apply to trusts and foundations for fundin8 For these reasons the chan.ty exp¢¢ts a reducti(
in¢om¢ in 2026 and ixyond.
Ext*nditur¢ tn 2026 Is likely to be lower than in 2025 and in previow8 y¢ars fw the following four
rea$￿$. (l ) Now that 5(X) mile5 has handed ovff the P&0 Serviee io the IJON TrusL 5(K) miles

500 miles (Charttable Association)
RI.SK MANA
Illin
k)nger h&8 full r¢sp)nsibility for running It and is now %mly 5uppyJtsng it. {?) Tr
charity will pay for on]y one annual or&r of Imtmmed st￿k and tywpment for the P&0 Dep8rtsnent
in .W?6 th¢ •0*5 exExTrdTttTe mcluded the cost of such orders) and altho￿ ¢osts a
expect¢d to nsc. the cost of the 20?6 annual or4kr is unlikely to be higher than th¢ cost of the annual
order paid for m Dccmbcr.?0:5 knause thai a vcfy. substanttai order ￿.&$ intrndcd to Set
the P&0 I)epartment up well for the ftrst ￿lOd of service wovision p)st HanthTrver. (31 Althoubih the
charity will now k paying for three external aLMJits of the QMS year lone of them by two
professional auditors trdvelling from abroad). there will no further expenditure on completing and
m)plem¢nting the QMS 14) Although the ¢hanty has made provision for paying for some P&0
devices for Zambians on an ad hoc basis. this is likely lo be ￿ a very low level If It happens ￿ a]1
Ne*erth¢l¢ss. th¢ Lhanty will incur subsigntiai ex￿Id11Urt In 2026 1￿CauSe il mtends io Loniinue io
support the P&.0 S¢rvi¢¢ and It will pay the costs of SFK)nsom8 a Maiawian studerkt for the second of
three yVdf5 of internation￿ study.
Despite the prosrrti of SUb￿an11a] lif red￿￿1) ex￿ndIt￿re. Coupled reduced Income. It 15
expected that 5(X) miles. r¢s¢rv¢s will $Lts￿n the charity through 2026 and Fryond Although the
charity. s reserves ￿11 contmue to be depleted in 2026. miles has now achieved its mam aim of
handing over I I l the P&0 centre that 5¢X) miles estsblished at MC"H to MOH Malawi and MCH and
{21 the P&0 Setvice io the LION Trust an(L although the chanty Intends io continue 10 5UPPOrt its
main aciiviiies (the P&0 Service and Training). the nature of Its activiti¢s and financiai support h
changed maieriatly In particulBr. financial siwx)rt will be limitoj to availgble reserves.
Th¢ other main uenerd] risks to the chan.ty gffectsn8 all ty mom of its actwities are".
l. That African St￿dents who *re fvnded for training f8tl lo 'qualify' or leave the servlee To
miiiBate this risk. Ihe chariiv Is v¢ry ¢or¢lui In Its siudenl sele¢tion and although the bonds are
un¢nlorccablc In practice. 11 bonds studen15 5 >ears
2. That local s¢Aff in Afri¢* who are trainedfindueted wlth i view to workiTrg wlth 5(M) milu for
particulor length of time don't 8l•y •nd the inve8tmtht of time 18 lost. 'Ihe charilv iheretore
follows a ri¥orous selection Pr(￿edUre
3. That p#tl¢llts {who are children or vulTrernbl¢ •d￿lt¥ or otherwise) *n(Uor perJonTrel who corne
into eonta¢l with the charity suffer abuse of *tty kind aj a result of 1￿Ch contacL A5 direct
reswnsibility loi 5aleguarding ai the P&.0 t)¢pwtsnent now lies with the LION Tn￿1 rather than 5iX)
miles. the nsk io ihe chanty Is now only any such abuse LKcurr¢d before IIwKlover and com¢$ to
118ht. ttnd x) it is low and reducin¥.
There are some major n5ks s￿lf1¢411Y associ8trJJ with exh a￿1VIty.
PLANS FOR THE FI:TIIRE AND ASSOCIATED RISKS
51K) mile5 has not made gny fotmal or enforceable commiiments. but has communicated Its Intention
to conlinue to support the P&0 Service until at I￿1 arouTKI 7028. subject to cert4]n conditions around
(al pr(MJuction level. (bl quality. Icl in-county. externally denved Income g¢n¢ration and Idl ring-
fencing of Income ¥en¢r4i¢d by the P&.0 Departtnert for the F*nefit of the P&0 Service ("th¢
Conditions") tttn8 sa115fied in particular. the char]ty Intend5 to.
(I l Use Its One Smile fund to supp(Kt the patients of the P&0 Service who wmot afford to pay for
the P&0 d¢vi¢¢s they nee(L and therefore to supty)rt the P&0 Service itself. by purch&sing and
importing to the P&0 D¢partment the equipmeni and rnatenals connot be purch&sed loc￿lY
and that It requ￿eS m order to deliver the P&0 Sem¢e
121 Use its One Sm21e fuTKI to pay dwectEi, for P&0 devices for certam P￿Ients of the P&0 t)epartsnent
who cantK* 3fford to pay for their own $0 also the Income of the P&0 Sffvice
{31 Supp)rt the qua]ity of the pr(Mlu¢t aTKI service ai the P&0 Deparknent by lal ronducting
effectiv¢ extemal audit process (thre¢ ¢Xtern￿ audits per year, one of them to Ee conducted by at least
one high level wofes5ionai prosthetis￿0rthotis1} of the QMS to in¢luth taking aCcO￿t of th¢

500 miles (Charitable Association)
PLAYS FOR THE FLITURE AND ASSOC.IATED RISKS
colltinuvj
¢￿￿]usionS and recomTnendations of the audit rep(xt5 and tn particular a￿angIng for
anv recoEnmended sub5tanlive Iraining In P&0 In so far &5 this ￿ fe&sible and affordabl¢ atxl {bl
¢ompl¢tfftg and de11vmg the QMS marnwi to the LION Tn￿.
141 Nlonitor the satisfaction of ihe Conditions
(51 PtoN'idc a¢hice to thc P&￿ Scr%icc as required.
{61 Continue to fund some of th¢ staff atMI runnlng costs of the P&0 Departsnent.
{71 Continue io work with the LION TnL8t io have all of the ￿rSOnnel w¢)rk]ng in the P&0 Departhient
{and the sttideni wTrK) Is bein8 st￿MsOred by 5CK) miles) wumed orfo the MOH Maiawi payroll arml
otyicially a]l(xated to work ai LION &$ %)on as possible.
{81 Continue to sE￿￿50r a Malawian student io undertake a 3-ye4r thplclna in orthopaeth'c teLhnology
thrL)ugli d three-year residenlial course wiu) Exceed Ln Camlmxlia
The nwin riskj &peelf￿ lo.$110 nttl£F'pldnylor th¢ P&C).knice4re.'
(i) I￿l'k lif c'¢x3ftraiiCJhfrr>m ihe l.IC)N InLFI in.iiipw)ninx ihe charity'.$ abi)iY-li.siedplans.
(li) ('hullenxey wilh ihe imwrtaiiLw uf ihe eqtsipm¢iii, and malerials ihai cann(N he purcha.fed
loL'ullv.
(iii) 7lie L'huriiJ' being ahle io an effecli￿ exlernal athlil 7his i.s a low ri.lk as
plun5 IhpIo¢'¥.
(ii.) Iliv L'hJriiyn()I heinxable Ic) ad(¥M ihe c()ncluiion$ amlrecommendaiioni ofih¢ audil rew)rfJ aThl
inTrJrli¢'141ar ic) arrunxeforary rec¢)mmeThled.suh.fiamiiv in7ining in Pt*()furfinanrial and ijr ()Iher
(I'J 7he chariiy beinx ahle io deliwr ihe L)M.S manwil.
{I'iJ llit munuxtr c)fihL IJ&{).Sen'iL'e n(ii wrfijrminx H'ell or l¥<n'inx wiihiNIl,fiiffi£'ienl mKice. 7liis is
a.Itri(iiii ri.lk .5hv i.s amhiii(Ji&i urnl M'ijiild h¢ iyry'hard iti rriyla£'e.
(I'ii) Ihe ( Ipndiiiiini MM heinxmei hyihe I1￿().￿erVIce. llii.¥ i.s a mc3demle ri.f*aT ihe charityci)n3ider.I
Ihlm i(J he re{￿11). achiL*ivhle andihere i.¥ u.sinJn&p in¢YniiiY.[i)r ih¢Pm ic) he mel.
fibiii) llie per5cpnn¢l M'(Jrkinx in ihv I'&().Sen'ic¢ MH heinx M'illinx Iprahle i() cYJmpl.y wilh ihe Q)M.S.
lixj Ihe I'¢+().%ervi¢* heinK ahlv li) xeneralv emwxh in-L'i)iiniry intYim*. Ihi.¥ wijtsld ihreaien ihe
lunAT_ILprm.511.51ainuhility' i)fih¥.f¢n'icY.
(XJ M¢)H Malam'l niji a.%.¥iiminx ull (or .suh.¥ianiially all) vf ihe penunn¢l wc)rhnx in ihe l)&()
I)V￿rtmen1 (and ihe.%ludenl M.h() H'ill he.*￿￿￿0￿.￿ hy 50() mile.¥J (Nllcp ihc MOH Malaw'1￿yr(ll1 and
¢iffiL'i(Illy allixviinx all (or.fuhfianiiallyall) f)f ihem io ai l.l()N.
Lambla
If the P&.0 departm¢ni * UTH holds Si¢xk and materia]s for the fabncation of P&0 devices. on an ad
hoc and entirely discrrtionary b&sis. the charity will fund atKVor subsidise the supply of P&0 devices
from UTH for people who cannot alTord to pay for their own and who are Wor￿sed to 5(K) miles by
lal a tr￿Sted m¢mkr of ￿aff at the P&0 department of UTH andlor Ibl th]rd panies to whom 5Th)
miles can readily transfer fund8 f4Y P4vm¢nt of the devices by the third pwti¢s tn IITH
The nwin riskn.Ipec4fic lo.fOO miles'￿￿￿¥ in Zqmhia 4Tre."
(i) InH dc)eJ io h(pld51fX.kurnlmalcrial.sfvrihe n￿n￿[aLy11re ofP&O devitt5 afyl Dr.siich device.s
dr¥ i)riL'gd ii)(J hixh.
(ii).%iuffai ih¥ J>&{) departmental IfiHaThlorswch ihird￿nIeS donoi comfftuniLvle wilh ihe charity.
(iii) IAK.k Ipfcimlnil nver ihv qM¢71iry i)fihe P&() vrviceF ai IrrH.
Training
SW miles will cont￿U¢ to fund the tr￿ning of Malawan thhopaeth'c technolo8i5ts to thploma and
degr¢¢ level to meet the demands of the P&0 Service.
Other Activities
Thc chanty'5 One Smile fiKxl may bc used iThiy io paj for 01 5ub51d15c the c05t of P&0 devK¢5 foT
ple ￿ Malawi and Zambia who can't afford to buy their own. As aEM)ve, the ¢hanty
io

500 miles (Charitable Association)
PI,4liS FnR THF, FIITIIRF. 4Nn Assnci4TFD RISKS
e•nliniied
intends to contmue to Siv[￿ the P&0 gen."!ce h), purc￿￿, and imwrtin"
to tthe
P&0 Departsnent the equiFA))enL siock and m&eria]s thai cannoi be pwcha5ed I￿allY and that the
P&0 Department-. equ￿eS In order to delii'er the PLO Sen'ic¢ Th2's Is effectii'el}' sub-ldising the cost
of P&0 d¢vi¢¢s for those who cannoi afford to imry their and so the charity Is entitled to apply
funds donated io its restntted On¢ Sriiil¢ fimd to thcsc costs In &4ditiory 500 miles Iniends to its
Ckne Smile fund io pay directly for P&0 devices for cenam patt¢nts of the P&0 Department who
¢arll)ot afford to pay foi their owj In Zambia the chanty's onty on8omg activity will k possibly
paying d￿¢¢¢1Y for P&0 devices for those who cannot afford to buy thew ovm on basis, using
the One Smile fund 51K) tniles ther¢fore ￿tend5 that its One Smile fund will t*¢ome the mwn focus
of th¢ ¢harity and will seek to prcffiote it Stri)ngly aTwJ estab115h One Smile &8 its prmary fwthising
The charity will continue lo (I l erKourage one off and regular donaiions from tl* COTnmunity and (2)
encouraye and suppon any third-paty fundrajsing in the community. and it will ty to direct as much
of that 5UPPOrt to One Smile a5 Fossible.
A new51etter will be produced in May and Novemlxr 2026.
The charity's website will be kq)t up to date and if T¢quired a leafiet rwmotin¥ One Smile wjll be
created.
The tnLSte¢s would a8ain Itke to offLY a big thank you to ail those who have suptM)ned the charity
through donations and c0llatrK)r￿Ion during the year
STRiicfiiRE GOVERNAI%CE AND MANAGEMENT
Governing document
51X) miles Is a charitable a55Lxiation governed by a constitution for gn un1ncry8t￿ assOCi8tion
and approved by the Office of the Scottish Charity R¢Bulaior IOSCRI
The ¢)nginai constitution was Wted on 29 June and 8 July 2(X)8. 1 May 2011. 22 January 2020 and
19 July ?021 The consiiiuiion Is consider￿ by the trustee5 on an annual b￿15.
Recruitment and appointment of trustees
The c0115111iilion stales dJai tlie Ixxli of trustees shall Cth)s1￿ of the officer5 of the chan.ty (Clrrently
Oli*id GLl¢>l Vijti) aaaitithul iiwiiber of truslets )#ia d¢teniiiiie frojn
time to tim¢ Th¢ tnsiees are as 1]￿ed on pa8e l -,
The trLlStee5 continu¢ io review the ¢omp)sition of the In￿tee trrt)ard to ensure an appropriate ranye of
skill£ and e¥r¢nenre Are Invnlved in n￿'tr$eV ihv devel￿men1 and nmning nf ihe ch8rity The
constitution provides that a]1 new trustee app)kntsnents are ratified at the first annual genera] meeting
of the charity followino ihe date of Th￿￿1￿lm(
Trustees induction and trninin%
All current trust¢¢s are familw with the planned develorAneth and practical w(Yk of the charity and
are ail knowl¢dg¢able In resw of the main chantable ￿ti￿￿¢s.
New trustees will k given a suitable Induction including an Inittal meetsng wth the chaj.rman and th¢
M)2rd 2nd an mduct]on pack ivith".
- main documents settin8 Out QFrralLonal frarne￿Ork including the con￿1¢u110n
- current finan¢ial wsition as set out In the latest pUbl￿hed a¢¢(wits
- Ix)ard minut¢s
- bn¢fing on the obligats(K]s of the trustee group.

500 miles (Charitable Association)
TRIl￿vIRF Crf)VF.RN4NCF. AND MAN'ACF,MF.Yr
cnntiniied
Organisational structure
Ihe t8)ard of the Inst¢es meets ai It￿ twice the year.
The day-to-day 0￿8￿￿5 are delegated to the Executive Officer is Unp￿d. All key decisions are
ratifwd by the Ixidrd.
The chanty has no paid employees in the UK bLtt It engages the services of a copywnterlw¢bsit¢
technician on an ad hoc basis.
There are no p18rs to chHnge the (￿sanIs￿l0naI st￿ll1r¢ of the thanty over the next few y¢ars.
Accounting period
The accountin8 penod of the charity is th¢ calendar year ￿ 31 December.
12

500 miles (Charitable Association)
LEG,IL &. ,IDIIIJ ISTILITII'E IIIFORII,ITION
CHARtTY N.4ME
5(X) miles
CHARITY NUMBER
SC038205
TRLISTEES
Sw Dalgety
Davie
Robin Garrctt
Olivia Giles Ichainnm Trwur¢r gJKI Execuhve Officer)
Jane SalmLm%
Shnili Tiimer
SECRETARY
Olivja Giles
PRINCIPAI. ADDRESS
Box 5(X)
AND REGISTERED OFFICE 4446 Mornm8side Ro•J
Edinburyh
FHin4BF
BANKERS
COU￿ & Co
440 Strand
London
WC?R OQS
First fapilHI FIAnk
Old kaniknjo Buildiny
KaMU￿ Pr(Kession Road
Lilongwe Private Bag 85
Lilongwe
Malawi
FDH Bank Malawi
Capital Ciiy Branch
P O Box 308070
Lilon8we 3
Malawi
INDEPENDENT EXAMINER Mark W BaTll15h FCA
S Michaels Clos¢
N¢wca5tle-under-Lymc
ST5 8QY
13

500 miles (Charitable Association)
ST.4TE.MENT OF TRI"STEES' RESPONSIBILITES
Th¢ trustccs arc [￿SpOnSibl- for pr￿pan￿8 ￿- Tr￿1¥￿5 Rqx)rt and thc financia]
Statements In accordance with applicable law and unli￿ Km8thm Aeth]nting Standard5 {Unit
Ldw iwIiLable to ¢hsTiues in S¢odand r¢qur¢s the trustees w wLyare fuuncl￿ st*ernents for ￿ch
rinancial year. which b)Ive a trne and faw view of the st￿e of affairs of the trusi at the end of the year
and of their financial aJiviii¢s dwing the year thts) ended. In Fryanng those fuwKial ststem¢n
the trusiees are r¢quJr¢d io.
select 5Wtable accounting policies and then apply them consistently.
observe the method5 and prmcipl¢s Jn the ChaniJ¢s Si)KP.
mak¢ J￿￿geMentS and ¢￿]MateS th* are reaw¥]able and wudent:
state whether applicable accountin8 stsndards and staiement5 Of ￿4)rnMended prdctice hav¢
been followe& subject to any material depgnures disclosed and eXpl￿ned In the fuwicial
statement5. and
prepare th¢ finan¢ial stsiemeni$ going concern E4515 unless It Is Ina￿OprIate to
pr¢3um¢ that th¢ trwl will c<)niinue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy
the finan¢ia] posilton of the tru￿ aTuI w.hich cnable them to ensure the financia] Sthlemenis comply
with The Charities and Trustee Investment Iscotlandl Acl ?(K)5. the Charilie5 Accounts Iscotlandl
Regulations ?IKk) la5 ameTHledl and the constllution of the mist They hav¢ gene￿ reS￿nSibIlIty for
takin¥ Such 5tCP5 a5 arc rcasonably 0￿1 to thcm IQ saf¢suard the assets of the trust and to prevcnt and
detect fraud and other iTregulanti¢s
STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER
So far as the trnstees ar¢ aware. th¢r¢ is no relevani accouniin8 information of which the charity's
Independeni examiner Is w￿W&re. and each h&$ tsk¢n o]1 the si¢ps he 0￿h1 to have ￿ken as a
trustee in order to make himself aware of any relevant accountm8 mforniation and to estsblish the
charity's Inde￿dent examiner is aware ofthat inforniation.
Approved by the trU￿e¢S on 16 June 2026 8nd sI￿￿d on th¢ir IKhglf by:
O Giles
Secretary
14

500 miles (Charitable Association)
17%DEPENDENT EX.4MIIER'S REPORT TO THE TRITSTEES OF
miles {Charitable Association)
Independent Examiner's Rewrt to ¢h¢ Trustees of miles Cb4rit8ble Association)
I report on the financial s￿eMen(S of the charity for th¢ year ended 31 December 2025 which arc
S¢1 out on pascs 16 to 25.
Respective rt$ponsibilitie3 of trustees And examAner
The charity's trustees are responsible for the PTepardti¢)n of the accounts in accord8n¢¢ with the
lerni£ nf the ChHriiieR And Tni%iee Ini*ethT7ent {ScnilanA! 4c1 2(K)S the Ch￿Tilleg Acc(biint$
(Scotlandl Regulations 2(KJ6 (as amended). The chanty truste¢s consider ihat the audit
requirement of Regulation 101 I ) (a) lo Ic) olthe 21M)6 Accounts R¢Bulations does not apply.
It is my responsibility to examine th¢ ￿counts as required under section 441 l (c) ofthe Act and
io state whether particular matters have come io my attention.
BASIS of indtpendtnl examiner's J¢•tement
My examination is cwried oui in accordance with Rryulation 11 of the 2￿6 Accounts
Regulations. An examinaiion includes a review of the accouniin¥ records kept by the charity and
a ci)illparison of Ihe a¢counis presented with those records. It also includes consideration of any
nusual ilcms or disclosurcs in thc acknount& and )ccks ￿XplanatiOnS from the trust&S knonccrning
any such matiers. The pr(Kedures undertaken do not provide all the evidence that would be
required in an audit. and consequ¢ntly I do express an audit (yinion on the view given by the
accounis.
Independenl e%*miner'J itstement
In the course of my examination. no maner h&$ come to my attention
which giv¢s me Teasonable cause io believe that in Jny rnatcrial respect the requir¢m¢nls:
. to keep accountin8 rxords in accord8nce with Section 44{1) {8) of the 2005 Act and
Rcgu13tion 4 of Ihc 4006 Accounis Rcgu13tii)ns
to pr¢pare ￿cOunt5 which 8CCOTd wtth the accounting records and comply with
Regulation 8 of the 2(X>6 Accounts Regulations
havc not been met. (K.
to which, in TTry Optnton. att¢ntion should b¢ drnwn in ord¢r to enable a proF¢r
und¢rstanding of the accounls to be reached.
Mark W BartL15h
Chartered Accountant {FCA)
5 Michaels Clos¢
NewcLsd¢-under-Lyme
ST5 8QY
2026
15

500 miles (Charitable Association)
ST.4TEMENT OF FIN.4NCI.4L .4CTIVITIES
For the year ended 31 December 2025
Ilnrestricted
Funds
Restrictal
FuTrds
21)25
Total
2025
Totsl
2024
IIIC.OME FROM
r)nnaiinnq
Charilable activitles
Inh'cAmcnt Incomc
7915
4.240
Q254
4.240
52,27n
7,221
16.441
TOTAI. INI'UME
75.932
EXPENDITIIRE ON:
Raising funds
Cl)dt itsblr &livitiey+
2.139
91717
2.139
148.036
1.377
lii.54i
55.319
TiyfAL EXPEYDITURE
94.856
53.319
150.175
134,920
NF.T INCOME
73.9091
(73,9(N)
1%8.988}
Transfers t*tween funds
NET MON'EMEYT IN
15
(73.W91
(73.909
<58,988)
Total fund5 Brought for¥sard
398.flm
398,604
457.59?
TOTAL FI,'NDS C"ARRIED
FORWARD
324J)95
324,695
39&604
,111 of the aboN'¢ r¢Adts ar¢ dm'N'¢d from continuin8 ￿tiN.7t1CS ThLYc w'ere no Ixh¢r reco￿lS¢d gain5 or Ios5C5
Oth￿ than tlKJse sta￿1 atKJve. Moyements in furmb are d￿l0$ed in 15 ￿ the fin￿￿1 statemetits. The notes
I pa8¢5 19 to J fomi ofdie fin￿KIal s￿￿1]e1)ts.
16

500 miles (Charitable Association)
B.4L.4NCE SHEET
As at 31 December 2025
Nots
Total Funds
2025
Total Futtd$
2024
CllRRE￿T ASSETS
Debtors
Cash at bank & in hand
324.695
398.604
324.695
398,(I
LIAIIILI'I ILS
Creditors amounts fallin8 du¢ ye
12
NEI. CIIRREYT ASSETS
324.695
398.ÉIM
Creditors amounts fallin8 duc aftcr onc
TOTAL ￿ F,T ASSF.TS
398&A)4
THE FIINDS OF THE CHARITY
Restncted Incom¢ funds
Desi￿Ored fijnds
General unrestricted funds
15
15
104.329
??0.366
82,538
316.Cfj6
TOTAL CIIARITY FI,'I'DS
15
398ffj04
The finan¢iai mat￿ents ffl Mes 16 10 25 approved by the imwd of trustees on 16 Junc 2026
and signed on its t*hali"by'.
O Giles
Chaimian
17

500 miles (Charitable Association)
ST.4TEMENT OF C.4SH FLOWS
For the year ended 31 December 2025
Not¢
2025
2024
Cash flows from operntiDg activitioy:
Net cash provided by operating activrtKs
(7S634)
C4Jh nows frorn investiTrg *etivities:
Inicrcst received
12.772
16.441
Net ¢4$h provided by investing *rtivi¢i
12.772
16.441
c.ash flows from fin*n¢in8 aCtivitieJ
Net e4Ah provided by (used in) fin*neing
activities
Chyn%¥ in twuiv*lents in the
re￿)rtIng period
L.￿h & cash equivalents at the Ir8ummg ol.
the year
Chanye in cash & cash cqwvalenis due to
exchange TBte mov¢m¢nts
(73.759)
159.193
457.51r2
(150)
205
CAyh & ¢Ash equivNlents at the end of the
reporting period
32469$
398,604
NOTES TO THE STA TEMENT OF CASH FLOWS
èl. Refonelli41ion of Tret iTreome to ￿et ¢￿h
now from operAtions
Tol81
Fvndj
2025
Total
Funds
2024
et income for the reporting period las per
Ilie yl4l¢iii¢nl tsr riii#i)Lial ili¢yl
Interest
Decre￿ m deb1￿3
(DeCre￿￿lI￿re4sc m creditor5
173.7S9I (59,194
{12,772) {16.440)
Net c#Jh provided by operating aetivities
{86.431) 17q.&141
. Art*lysis of cash and equivalents
At l J*nuary Cxih flows
2025
2025
Other
At31
changes December
2025
2025
C&sh in hand
398.(rf)4
173.%19)
324.695
Total cash &. cash equtb'alertts
39&604
(73.9(Y))
324,695
18

500 miles (Charitable Association)
NOTES TO THE FIN.4NCI.4L ST.4TEN4ENTS
For th¢ 12 months ended 31 December ?0?5
ACCOUNTtNG POLICIES
BASIS OF PREPARATION
The accounts have been prepared under the historical coll conv¢niion and are in accordance with the
Chanties and Trustees Inveslment (Scotiandl Act 2Crf)5. the Charities Accomts (Scodandl Re8u]*ions
•(Xh la5 amcndedl. the Financial RerK)rting Standard applicabl¢ in the UK and Republic of Ireland
IFRS1021 leffeciive l JanLWy ?0151 aTKI AccoLmiing and Retx)rtJng by Chanties" statement of
Recommended Practice applicable to chaniies rrepann8 their accolmts m accordance with the
FinaneiAI Re￿rtIng StHndHrd H￿l1¢￿ble In fv I IK And Repiibl￿ nf Ireland {FR%Ifl21 (effertive I
January 20151
Assets and Liabilities ar¢ Initia]ly r¢¢ognised at historicd c05t or tran5XtiLm valuc un1¢5s otherwise
stated in the relevant accounting FM)Iicy or n￿e
The rn141ee4 rnnsider thai iherp are nn mAteriAI imrert?iniie* Aknrt the Ahililv nf ihp rhanty trb enntiniie
as a going Concem for the foreseeable future Accordingly. the accounis have t*en prepared on a going
¢onc¢rn blsis.
PL'BLIC BENEFIT ENTITY
The fhariiAhle A%wiAlinfi me￿% ihe definitim nf a ￿1h11C knefil eniity iiThler FRS I n?
KEY juDGEME￿rS AND ESTIMA TION UNCERTAINTY
In preparin8 the financiai statements the trU￿eeS have r#X needpAI to exercise any Judgements which
have had A Sl8nificant effect on the 8mounts rcco8nised m financ￿] 5tstements
The. tnk8tee.8 dn nnl cnnsider ihAI there are Any of ewimHlinn imrertAinty At ihe reTr)ning dAte,
which have a significant nsk of Causing 8 m&enal adjustment to the caryin8 amounts of &ssets and
Iiabiliti¢s withln the n¢xl reF&￿￿n¥ penLXI.
INCOME
Inc¢)me Is rerrgnTrsed when ihe ehHrity 14 lryHlly entitled in the finNl% Any i￿rf￿Mi￿nCe Crndili(￿s
attached to the Income have becn me( li Is W0￿ble that the income will Ix T¢¢wvfyJ and the amount
can ￿ measured reliably
In accordance with the C￿ltIeS SORP IFRS 102k no amounts ￿e included in the financia] statements
for service5 th)nated by volunteers
FUND ACCOUNTING
Re5tncted funds are to be used for sp￿tfi¢ wrwses as laid dowTJ by the th￿￿. Ex￿XIlture which
meets that specified Frtrp)se Is Ch￿ed to the fuTKI
L'nrestricted are donations and othcr inc<qning resources re£eis'¢d or 8cn¢rnted for general
charitable w￿}$¢5.
Designated fimds are unreth¢ted fund5 wlll.ch from time to tsm¢ may be egrnwked by the tnLSte¢s for
particular purp)s¢s fw the futurE.
19

500 miles (Charitable Association)
FOREIGN CL RRENCY
Transactions In foreign currencies are c(mverted mto sterling thsin8 the 2verag¢ exchange rate during
the }rarexcept for(1 I closmg balances ￿•hICh areconirrted ￿ we%'2dtng rate at the bJlJnce sheet
dale and12) movement of funds from GBP acco￿¢$ to forcigryj cutreTV bank accounts which are
con&rrted at the actual exchange r&e & the lime Exchange rate thffertntts tak.cll Into account UJ
arriving at the resu]i
EXPENDITURE AND IIiRECOVERABLE VAT
Ext*nditure Is r¢cognised on¢¢ kne Is a le￿ or constructive obligation to make a payment to a third
It i& probable th31 senlei))eni ￿11[ k reqll]r￿ wid the aJ)iowit of the obliWIOTh ¥a]) be n)e&sur¢d
reliably.
ExFcnditure Is classified Ltnder the followmg actsvity hcadm8S.'
Cosls of raising funds relate to th¢ costs In¢U￿¢d by the chan.ty in attracting third parties to
make voluntary conmbutions io IL as well as the costs of any a¢iivities with a fundraisin
PLirrK)s¢.
Charitable activitie5 includes all expenditure directly rel￿ed to the obJe¢ts of thc charity and
comprEse ihe followin¥ in respk¢t of ongoin8 activities which are. In summary the supwrt of
P&.0 services In two Afncan n*ions'. the mana8¢meni of the P&.0 Service In Malawi which
oITers these services assistance to the facilities In Malawi to maIn￿1n and 5UPFKirt thern. the
supplv ot'P&U devi¢esto rryle in Mojawi and Lambia and the support lortraLnin8 ot'VgfLQUS
personnel io suppkn the S(K) milcs projects where established For 2025 th¢s¢ comprised".
Ma]awian project c05t5 attributsble to mana8em¢ni. operaiim and funth'n8 of the
P&0 Service and fittin&F of P&.0 devices to patient5 at LION
KOt)O proje￿ the ¢￿S of colleciion fr(Kn Lusaka and d]"stnbution in Salim&
pA￿aW1 of 50 PETTS. and pgns for 15 more, for KODO
Zarnbian W0￿Ct the c05t5 of S{￿YIng a few P&0 devices io w people attendin
the P&.0 depaTth)ent of UTH
Tr31niTri
project costs attnixthle to the ¢m5￿1n& tr81ning of a M312￿all in
CamEKyJia to m¢¢t the futur¢ needs of Malawi for qudified P&0 personnel
Goirm•Kc incluiks thc cost of cKtLYnal audit. tru5tce cxwiscs and ad hoc thin1s￿o￿T
expenses
Irrecoverable V AT 15 charged a5 a c05t against th¢ a¢tsvity for which the expenth'ture was Incurr&4.
ALLOCATION OF SUPPORT COSTS
Due to the str￿lure and organisation of the chan'ty. 5UPTK)rt C05t5 comprise solely of interesi paid
and exchange rate differences whi¢h are tmx motenal to the overa]I charitable activity ¢xpenditU￿.
A5 such these are not specifically allocated to individua] proJe¢ts.
CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and shiyrt term high]y liquid Inv¢sDn¢nts with a short
maturity of three months 01 less from the date of acqui51tion or opening of the dewTr51t or similar
count.
20

500 miles (Charitable Association)
NOTES TO THE FIN.4NCI.4L ST.4TEMENTS
For the 12 months ended J l December 2025
DETAILED COMPARATII'ES FOR THE STATEMEI%TOF FINANCIAL ACTIVITIES
Ilnrejtrieted
Ftsnds
21124
R¥trieted
FuDds
2024
Total
2Q24
IYC"OME FROII
tA)n￿l0￿S
Ch￿Il￿bI¢ aciiviiies
Investh)ents
6.423
7,221
16.441
45.847
52.270
7.221
16,441
45.847
75.9.72
TOTAL INCOME
E.XPENDITURE 01%:
Raising lunds
Charitable a¢tiviii¢s
1.377
133.543
69.841
63.702
TOTAL EXPEi%DITI.'RE
71.218
63.702
134.920
ET IiYCOME/
IEXPENDITI,'Rkl
141.1331
(17JSS)
(5&988)
Transfers i*tween funds
ET )I0%'EIIENT INI FiJNI DS
(41,133)
{S&9881
lotal Funds 14roughi Tro￿8rd
439.737
17.¥55
457,592
TOTAI. FI,'NDS CARRIED
FnRWARD
391K(I
2. tIOliATION
iinresiri£ted Restricted
fr-tsftds
Funds
Total
Tot*1
2U24
Individuals &
Cotporates
Chantsble TnLSts
3.935
46.318
50.253
52.270
9.(X)I
9.(K)I
Donation$
55.319
59.?54
5?.270
All ]ncome in this cate8(ry arose from (lonations through fund ra]51ng
21

500 miles (Charitable Association)
NOTES TO THE FINANCIAL STA TEMENTS
F"or the 12 months ¢nd¢d 31 December 2025
INCOME TrROM
CHARITABLE
ACTIN'ITIES
IJthTestrirted
Funds
2025
Restricted
fr-unds
2025
Tot#1
Funds
2025
Total
Funds
2024
Malawi Project. devi¢¢
Sales
4.240
4.240
7.221
INC"O,MF. FROM
II%N'F.STMEli'rs
LInt￿rit￿￿ litStrirted
F￿TrdS
Funds
2025
Totsl
Fu￿d3
Total
Funds
2024
Bank interest
11772
12,772
16.441
EXPF.NDITI'RE ON
CHIlRI'f.4BI.Tr:
ACTIV'ITIES
Uttreslricled
Tr.￿nd*
2025
Restricted
Fund
21n.s
Tot*1
undA
202.5
Total
Fund$
2024
Malawi project
KODO
Zambian project
1>￿1)ty Improvement
l¥oJect
T'ravel
Suppon Costs (note 6)
Governance costs ￿￿te 7)
55,119
138,430
1.749
1.461
4.814
101.386
1.749
1.461
4.814
6.970
23.829
912
349
321
912
349
321
136
357
148 036
133 54.1
Within the aExw¢ ¢Xkxnditure. there is a total of £13.285 trwnuw expenditure12024 £1.5081.
SUPPORT COSTS
Lnrestricted
Restricted
FuRd3
Totsl
Totsl
Funds
2024
21125
2025
Bank Char13es
Exchan￿¢ rale
drff¢r¢n¢¢s
342
I2(￿)
349
349

500 miles (Charitable Association)
NOTES TO THE FINANCIAL STATEMENTS
For the 12 months ended 31 December 20?5
GOI'ERNAryCE
C.OSTS
Unrestricted
Funds
2025
Restricted
FuDd$
2025
Total
Fund$
2025
Totsl
Funds
2024
Tntst¢¢ F.Xp￿S¢s
Admjnistration
.4utht
175
175
161
321
321
3S7
STAFF COSTS & YIIMBERS
The Charity employed no stsff dunn8 th fingn¢wi year.
'I'RI1S'I'L Tr's. RTr'MIINLKA'I'IOII & KLLA'I"ED PAK"I"Y"I'RANSAC-I'IONS
The trustees. neither received. nor waived any emoluments during the year. £146 was remibursed in
eN￿nseS to one trusiee120?4 £1 and no reloied thlrd panv tranwtions ￿CUrred.
I￿ AIIDIT FF.F.S
Iincluded In goN'ernance
Costs In note 5 atrM)ve)
Ilnresirlrted
Restrided
Funds
2025
Total
Funds
2025
Total
2025
2024
Audit Fees
11. DEWtORS
Ilarestricted
Funds
2025
Rostricted
FuTrdJ
2025
Total
Fundj
2025
Total
Funds
2024
AL¢rued ih¢om¢
12. CREDITORS:
AMOI,'NTS FAI.I.ING
Di E II'ITHIli ONE
YEAR
[TffjffStI?c¢ed Ratricthl
Fund5
2025
Tot*1
Funds
2025
Totsl
Funds
2024
21n5
A¢¢n￿lS

500 miles (Charitable Association)
NOTES TO THE FINANCIAL STATEMENTS
For the 12 monihs ended 31 December 2025
13. ANALYSIS OF liET
ASSETS BETh'EEN
FI'NDS
I,nrestrirted
Restricte
Fund5
2025
Tot81
Fundj
2025
2025
Nd ¢urraM assets
724,695
324.695
14 ANAI.I'515 OF )EI'
ASSEI'S BF.111 Tr.E
FIINDS
Uorejtricted
FuTrds
2024
Rejtricted
Trunds
2024
l otal
Fundi
2024
Net Current
398.É
15. MON'EMENTS IN
FIl￿Ds
Fund
lTrcome
b*lances & Gains
41 the
$¢art of
Ihe year
Ejpwdiiyre I'T*nsfers
nd
balances •t
the¢nd ol
the year
ReJtri¢ted funds
Training - Maia
Onesmile
10.(K(>
45.-319
{ i o,o(x))
(45,319)
Total restricted funds
55.319
{55.3191
Unre91ri¢ted funds
DeSiwW￿d li￿d5
Gener￿ funds
82.53¥
316.(
(82.5181
l (H.329
(1? 3181 (104.3291
Tot81 urtrestrided funds
198.(
324 695
TOTAL FI,'NDS
39
76
324 695
24

500 miles (Charitable Association)
NOTES TO THE FINANCIAL STATEMENTS
For the 12 months ended 31 tkcember 2025
NOTE 15 CONTINUED
RESTRICTED FUNDS
Training- MAIgwi
The funds rais¢d in 2025 have IMI fidly spent.
One Smi
Funds receI￿ed expressly foT (he Smile OT for dwea p￿lent service are allocated to One Smile.
The charity only uses funds in thc One Smilc Testncted fund for buying materials and components
and other expenses of actual produchon and paying for devices.
DESIGNATED FUNDS
lThe trustees recognisc that. at the balance sheet date. in thelr opinion they had ¢tTeth"v¢ly made
cominitmenis for the financial year ending 31 December 2026 to ￿nd certain expenditur¢ relatinb
lo the activities detailed in the trnst¢¢s' report, in r¢sp¢cl ofi I I managemeni and reporting from
the P&0 S¢rvic¢. {2) the annual stock pur¢hase and shippin8 for the P&0 Ser&ice. (31 the
ontinuing supwrt of the runningp costs of the P&0 Servi¢¢.141 the costs of conducting an annua]
external auditing process tor the Q%qS at thc P&0 Dep3th¢nL and15) sponsonng thc Training of
a Kfalawian studcni ai Exc¢cd in CaMb￿la. These committncnts have been assessed to totai
£104,329 and will be th'scharbyed over the course of (h￿ financial year. As at the bal8n¢e she
dale, the charity th'd hold any rcsmcted funds for any of thcse cornmitm¢nts.
25