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Trustees' Report and |
Unaudited Financial Statements for the Year Ended 31 August 2019 |
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The International Medical EducationTrust |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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Trustees' Report and |
Unaudited Financial Statements for the Year Ended 31 August 2019 |
for |
The International Medical EducationTrust |
The International Medical EducationTrust |
Contents of the Financial Statements |
for the Year Ended 31 August 2019 |
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Page |
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Reference and Administrative Details | 1 |
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Trustees' Report | 2 to 4 |
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Statement of Trustees Responsibilities | 5 |
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Independent Examiner's Report | 6 |
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Statement of Financial Activities | 7 |
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Balance Sheet | 8 to 9 |
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Notes to the Financial Statements | 10 to 13 |
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The International Medical EducationTrust |
Reference and Administrative Details |
for the Year Ended 31 August 2019 |
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TRUSTEES | H Al-Taiar (Consultant Forensic Psychiatrist) |
M S Alavijeh (Managing Director Pharmaceuticals) |
P Bassatne (Company Director) |
J P Beavis (Orthopaedic Trauma Surgeon) (resigned 5.12.18) |
P Betts (Chartered Accountant) (resigned 5.1.19) |
S Fitzharris (Retired) |
B J Fuller (University Professor) |
K Glendinning (Trust Administrator) (resigned 5.1.19) |
N D Maynard (Consultant Surgeon) |
J Myers (Nurse) |
D E Pegg (Medical Professor) (resigned 5.1.19) |
K Green (Director) (appointed 5.1.19) |
O Abdel-Mannan (Director) (appointed 5.1.19) |
S C Ewans (Director) (appointed 31.7.19) |
T E E Goodacre (Director) (appointed 31.7.19) |
R G Inglis (Director) (appointed 31.7.19) |
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COMPANY SECRETARY | B J Fuller |
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REGISTERED OFFICE | Northwick Park Institute For, |
Medical Research Tt Block, |
Watford Road Harrow, |
Middlesex |
HA1 3UJ |
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REGISTERED COMPANY NUMBER | 03931085 (England and Wales) |
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REGISTERED CHARITY NUMBER | 1081287 |
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INDEPENDENT EXAMINER | Ward Mackenzie Ltd |
Chartered Accountants |
Oxford House |
15-17 Mount Ephraim Road |
Tunbridge Wells |
Kent |
TN1 1EN |
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The International Medical EducationTrust |
Trustees' Report |
for the Year Ended 31 August 2019 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the |
financial statements of the charity for the year ended 31 August 2019. The trustees have adopted the provisions 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 Republic of Ireland (FRS 102) (effective 1 |
January 2015). |
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OBJECTIVES AND ACTIVITIES |
The Company is a charity registered with The Charity Commission. The initial objective of The International Medical |
Education Trust is the promotion of a network of partnerships among individuals, groups and institutions in developed and |
developing countries for cooperation in agreed programmes of medical education, service and research. |
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We have referred to the guidance in the Charity Commission's general guidance on public benefit when setting our |
programmes aims and objectives for the improvement of medical education and healthcare delivery for the public benefit. |
The trustees always ensure that its programmes are in line with the charity's aims and objectives and our intention is to |
improve the standard of medical education and healthcare delivery in the areas in which we work. |
The International Medical EducationTrust |
Trustees' Report |
for the Year Ended 31 August 2019 |
ACHIEVEMENT AND PERFORMANCE |
Our CEO and Director of Education and Training, Dr Malik Zaben has not only maintained the same programmes in both |
Gaza and the West Bank in Palestine but actually increased our commitments in response to many demands from the |
Palestinian Minister of Health. The huge success of our Annual Dinner in the House of Lords on February 1st on top of the |
healthy balance at the end of 2017 has allowed us to continue the long term combined research and clinical training |
programmes in the Ukraine and Palestine in a sustainable way and much increased the support for our projects in Africa. |
IMET2000 has had another successful year on the ground. |
IMET2000 has continued with the projects highlighted in last year's report working in close partnership with the Ministry of |
Health in Palestine, the World Federation of Societies of Anaesthesiologists (WFSA), the International Federation of |
Medical Student Associations (IFMSA), the Palestinian Medical Council, a student driven group in Oxford called OxPal and |
last but not least with Medical Aid for Palestine (MAP). We have worked well with MAP for many years and our |
collaboration and links with both MAP and a smaller NGO called IDEALS have been strengthened. |
As reported in last year's accounts, the PA Minister of Health asked IMET2000 to set up a centre and run the course called |
the Acute Trauma and Life Support (ATLS) course in Ramallah. This is now up and running after training of 9 instructors |
was completed in Jordan and a venue equipped and furnished to the rigorous standards demanded by the US administrators |
of this global scheme. This is accommodated in a building in El Bireh near Ramallah and badged as the IMET2000 Trauma |
Training and Research Centre. |
In summary, then, IMET2000 is now supporting in Palestine 5 major long term projects comprising: |
(i) A Centre for Continuous Healthcare Training and Development in Ramallah which has been operational since opening |
in 2008 and runs a programme of distance learning, videoconferencing, telemedicine, e-learning, workshops and overseas |
electives in nursing, dentistry, physiotherapy and medicine |
(ii) The IMET2000 Trauma Training and Research Centre in El Bireh running a programme to upgrade training of surgeons |
and nurses involved in the treatment of children suffering from physical trauma (now including plastic and burns surgery, |
neurosurgery and orthopaedic surgery) and the ATLS Centre |
(iii) A long term programme in child psychiatry and child and adolescent mental health in general |
(iv) A 5 year programme in partnership with the WFSA in which IMET2000 funds an overseas expert in anaesthesia and |
management of pain to work in Palestinian hospitals for 4 weeks each at a time and committed to one visitor per month |
(v) A 5-year programme in prevention of hospital infections |
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In the Ukraine, the UNESCO Chair in Cryobiology held by Professor Barry Fuller continues to be successful and active on a |
low budget. It probably has most impact by supporting young scientists and doctors with travel bursaries to international |
conferences and workshops as well as supporting their IT needs with computer upgrades and electronic library funding. |
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In Africa, IMET2000 has been heavily involved in building a new cottage hospital of 40 beds in Uganda and this opened its |
doors to its first patients on September 15th 2017. It is already very busy indeed (averaging 5000 patients per month coming |
through the doors) and serving a rural population of over 200,000. In Ghana, we have supported a programme to help |
mothers with disabled children run by our affiliated NGO Action Through Enterprise (ATE).and this has been so successful |
in one region and village that it has been rolled out to three others. |
We have this last year also supported another NGO called Shivia working in Bengal in India helping very poor women build |
businesses and small farming enterprises .This too has been so successful that the charity Shivia was awarded the prestigious |
title of International Charity of the Year. |
All of these activities can be reviewed in detail through our updated websites (www.imet2000.org and |
www.imet2000-pal.org). |
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Acknowledgements |
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None of the above programmes would have been possible without the support of many Trusts, Foundations and generous |
individuals. We thank them all but must in particular thank the Darwazah Foundation, Hikma Pharma, Interpal, the Amjad |
and Suha Bseisu Foundation, the AM Qattan Foundation, BB Energy, the Paul Foundation, the Barham Charitable Trust, the |
Linbury Trust, Mrs Sawsan Asfari, Mr Mike Barnes and Mrs Jacky Griffin. |
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The International Medical EducationTrust |
Trustees' Report |
for the Year Ended 31 August 2019 |
FINANCIAL REVIEW |
Quite apart from the fundraising dinner held in the House of Lords on February 1st which contributed near 25% of the total |
costs of the year, we also devoted considerable time appealing to numerous charities and this campaign raised another 25% |
of the total. It is a challenging sector right now with huge competing demands from desperately needed charity funds in Syria |
and Yemen. The income for the financial year for IMET2000 fell short of the outgoings. Nevertheless, we still felt |
comfortable that at the year-end in August we had a runway reserve for 12 months. We are addressing the issue urgently with |
a planned Annual Dinner in the House of Lords on the 7th February and a campaign of grant appeals in which we will |
emphasis that 2020 is our 20th Anniversary year. On past experience with such appeals, we fully expect to have total income |
of £490,000 and this will comfortably exceed our expenditure so that we start to build up reserves again. We hope to build |
reserves to allow for at least one year operation of the charity in future assuming no income at all. |
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We continue to work closely with other NGO's in Palestine and in Africa (and now in India) where we can provide niche |
expertise in training and education. The Ministry of Health in Palestine relies evermore on the skills of our CEO, Dr Malik |
Zaben, to advise on a strategy for continuous professional development of all in the health sector. We have an extremely |
good relationship with the Minister and his Director of Continuous Education Dr Amal Abu Awad. We have taken on two |
additional young doctors to boost the expertise available in our office in Ramallah and increased the hours of the nursing |
staff and the secretarial staff. It is still run on a shoestring and we are re-thinking our future strategy and staffing as the |
demands continue to grow. In fact we are right now recruiting a part-time nurse to work in the Ramallah office on project |
management. |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
The company is limited by guarantee and has no share capital. |
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The trustees, who are also the directors for the purpose of company law, and who served during the year were: |
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O Abdel-Mannan M S Alavijeh |
P Bassatne S Ewans |
B J Fuller S Fitzharris |
T Goodacre R Inglis |
K Green H Al-Taiar |
N Maynard J Myers |
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None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and |
guarantee to contribute £10 in the event of a winding up. |
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The current trustees were recruited personally to provide specific skills to the Board. Although there is no specific |
recruitment policy, the charity would advertise for specific trustees if it felt this appropriate. |
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The charity has a simple organisational structure -an Executive Committee of three part-time individuals with responsibility |
for the operational management of the charity comprising (a)the Chief Executive Officer (CEO), (b)the Director of |
Corporate Development and Events Management and (c) the Founder- Director, Treasurer and Director of Overseas |
Development. |
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Transactions with related parties are disclosed in the notes to the accounts. |
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The directors regularly review all financial and operational risks which may have an impact on the charity. Procedures are |
adopted to mitigate perceived risks and these are subject to regular review to ensure that there are adequate safeguards in |
place. |
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Approved by order of the board of
trustees
on
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The International Medical EducationTrust |
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Statement of Trustees Responsibilities |
for the Year Ended 31 August 2019 |
The trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally |
Accepted Accounting Practice. |
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Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of |
affairs of the Trust and of its incoming resources and application of resources, including its net income and expenditure for |
the year. |
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In preparing these accounts, the trustees are required to: |
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-select suitable accounting policies and then apply them consistently; |
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-make judgements and estimates that are reasonable and prudent; and |
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-prepare the accounts on the going concern basis unless it is inappropriate to presume that the Trust will continue in |
operation. |
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The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the |
financial position of the Trust and which enable them to ensure that the accounts comply with the Companies Act 2006. |
They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention |
and detection of fraud and other irregularities. |
Independent Examiner's Report to the Trustees of |
The International Medical EducationTrust |
Independent examiner's report to the trustees of The International Medical EducationTrust ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2019. |
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Responsibilities and basis of report |
As the charity's trustees of the Company (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'). |
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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 Charities 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. |
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Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I |
am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies |
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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: |
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1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | 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 |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. |
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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 |
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Joanna Green |
FCA |
Ward Mackenzie Ltd |
Chartered Accountants |
Oxford House |
15-17 Mount Ephraim Road |
Tunbridge Wells |
Kent |
TN1 1EN |
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9 December 2019 |
The International Medical EducationTrust |
Statement of Financial Activities |
for the Year Ended 31 August 2019 |
2019 | 2018 |
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Unrestricted
funds |
Restricted fund |
Total
funds |
Total
funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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Total |
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EXPENDITURE ON |
Raising funds | 2 |
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Charitable activities | 3 |
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Total |
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NET INCOME/(EXPENDITURE) |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
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TOTAL FUNDS CARRIED FORWARD |
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164,958 |
The International Medical EducationTrust |
Balance Sheet |
At 31 August 2019 |
2019 | 2018 |
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Unrestricted
funds |
Restricted fund |
Total
funds |
Total
funds |
Notes | £ | £ | £ | £ |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS |
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FUNDS | 8 |
Unrestricted funds | 125,550 | 156,987 |
Restricted funds |
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7,971 |
TOTAL FUNDS |
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164,958 |
The International Medical EducationTrust |
Balance Sheet - continued |
At 31 August 2019 |
The charitable company is entitled to exemption from audit under |
Section 477 of the Companies Act 2006 for the year ended 31 August 2019. |
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The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 |
in accordance with Section 476 of the Companies Act 2006. |
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The trustees acknowledge their responsibilities for |
(a) |
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at
the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject |
to the small companies regime. |
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The financial statements were approved by
the Board of
Trustees
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The International Medical EducationTrust |
Notes to the Financial Statements |
for the Year Ended 31 August 2019 |
1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been |
prepared in accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies |
Act 2006. The financial statements have been prepared under the historical cost convention. |
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Income resources |
Income from legacies and donations is accounted for on a received basis and grossed up for any tax recoverable. |
Grants are treated on a receivable basis in accordance with the Charities SORP. |
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Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes anduses of |
the restricted funds are set out in the notes to the accounts. |
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Resources expended |
All expenditure has been accounted for on an accruals basis and has been classified under |
headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular |
headings, such as support costs, they have been allocated to activities on a basis consistent with the use of resources. |
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Governance costs include all items related to the statutory obligations and strategic management of the charity. |
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The Charity makes grants to a variety of applicants in line with their policy stated in the Trustees report and on the |
fulfilment of specific conditions. These grants paid are included in the accounts on an accruals basis. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not |
accrued as expenditure. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions |
arise when specified by the donor or when funds are raised for particular restricted purposes. |
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Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
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Foreign currency translation |
Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction. |
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange |
ruling at the balance sheet date. All differences are included in net outgoing resources. |
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The International Medical EducationTrust |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
2. | RAISING FUNDS |
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Other trading activities |
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2019 | 2018 |
£ | £ |
Programme Cost | 62,854 | 40,745 |
Administrative Expense | 17,930 | 17,925 |
80,784 | 58,670 |
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3. | CHARITABLE ACTIVITIES COSTS |
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Grant funding
of activities |
Totals |
£ | £ |
Grants Payable | 393,324 | 393,324 |
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4. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 31 August 2019 nor for the year ended |
31 August 2018 . |
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None of the trustees (or any persons connected with them) received any remuneration during the year ended 2019. |
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Trustees' expenses |
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Expenses to trustees were been paid of £7,147 (£4,328 - 2018) |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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2019 | 2018 |
£ | £ |
Donation Receivable | 100,000 | 102,970 |
Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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2019 | 2018 |
£ | £ |
Other loans (see note 7) |
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Accrued expenses |
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The International Medical EducationTrust |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
7. | LOANS |
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An analysis of the maturity of loans is given below: |
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2019 | 2018 |
£ | £ |
Amounts falling due within one year on demand: |
Other loans | 25,000 | - |
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8. | MOVEMENT IN FUNDS |
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At 1.9.18 |
Net movement
in funds |
At 31.8.19 |
£ | £ | £ |
Unrestricted funds |
Unrestricted Fund | 156,987 | (31,437 | ) | 125,550 |
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Restricted funds |
Restricted Fund | 7,971 | 7,751 | 15,722 |
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TOTAL FUNDS |
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(23,686 | ) | 141,272 |
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Net movement in funds, included in the above are as follows: |
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Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted Fund | 223,676 | (255,113 | ) | (31,437 | ) |
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Restricted funds |
Restricted Fund | 226,746 | (218,995 | ) | 7,751 |
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TOTAL FUNDS |
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( |
) | (23,686 | ) |
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Comparatives for movement in funds |
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At 1.9.17 |
Net movement
in funds |
At 31.8.18 |
£ | £ | £ |
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Unrestricted Funds |
Unrestricted Fund | 157,721 | (734 | ) | 156,987 |
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Restricted Funds |
Restricted Fund | 2,355 | 5,616 | 7,971 |
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TOTAL FUNDS | 160,076 | 4,882 | 164,958 |
The International Medical EducationTrust |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
8. | MOVEMENT IN FUNDS - continued |
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Comparative net movement in funds, included in the above are as follows: |
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Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted Fund | 336,915 | (337,649 | ) | (734 | ) |
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Restricted funds |
Restricted Fund | 41,538 | (35,922 | ) | 5,616 |
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TOTAL FUNDS | 378,453 | (373,571 | ) | 4,882 |
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A current year 12 months and prior year 12 months combined position is as follows: |
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At 1.9.17 |
Net movement
in funds |
At 31.8.19 |
£ | £ | £ |
Unrestricted funds |
Unrestricted Fund | 157,721 | (32,171 | ) | 125,550 |
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Restricted funds |
Restricted Fund | 2,355 | 13,367 | 15,722 |
TOTAL FUNDS | 160,076 | (18,804 | ) | 141,272 |
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
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Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted Fund | 560,591 | (592,762 | ) | (32,171 | ) |
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Restricted funds |
Restricted Fund | 268,284 | (254,917 | ) | 13,367 |
TOTAL FUNDS | 828,875 | (847,679 | ) | (18,804 | ) |
9. | RELATED PARTY DISCLOSURES |
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There were no related party transactions for the year ended 31 August 2019. |
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