WORLD MEDICAL EDUCATION CIC

Company limited by guarantee

Company Registration Number:
09608630 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

WORLD MEDICAL EDUCATION CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WORLD MEDICAL EDUCATION CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,909 0
Total fixed assets: 1,909 0
Current assets
Cash at bank and in hand: 35,538 70
Total current assets: 35,538 70
Creditors: amounts falling due within one year: 4 ( 3,883 ) ( 941 )
Net current assets (liabilities): 31,655 (871)
Total assets less current liabilities: 33,564 ( 871)
Total net assets (liabilities): 33,564 (871)
Members' funds
Profit and loss account: 33,564 ( 871)
Total members' funds: 33,564 (871)

The notes form part of these financial statements

WORLD MEDICAL EDUCATION CIC

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 12 February 2025
and signed on behalf of the board by:

Name: Dr N Blackwell
Status: Director

The notes form part of these financial statements

WORLD MEDICAL EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided for at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & fittings - 33% on cost

    Other accounting policies

    Taxation - Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

WORLD MEDICAL EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

WORLD MEDICAL EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,098 1,098
Additions 2,864 2,864
Disposals
Revaluations
Transfers
At 31 May 2024 3,962 3,962
Depreciation
At 1 June 2023 1,098 1,098
Charge for year 955 955
On disposals
Other adjustments
At 31 May 2024 2,053 2,053
Net book value
At 31 May 2024 1,909 1,909
At 31 May 2023 0 0

WORLD MEDICAL EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,782
Other creditors 2,101 941
Total 3,883 941

COMMUNITY INTEREST ANNUAL REPORT

WORLD MEDICAL EDUCATION CIC

Company Number: 09608630 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

World Medical Education was established in 2015 as a not-for-profit Community Interest Company (CIC) limited by guarantee. Our mission is to provide context-specific, evidence-based multimedia education to health workers and communities, particularly in resource-poor countries. Through innovative approaches, we aim to increase access to quality health education for practitioners and patients worldwide, ultimately benefiting vulnerable populations. Our goal is to develop high-quality, context specific, evidence-based, video-intensive multimedia education for health workers, with particular focus on resource-poor countries, although we are not exclusive to them. We also aim to create pragmatic educational materials for patients, families, and communities, ensuring our work is both accessible and impactful. Our primary focus is on the development of clinical videos that augment health worker education. The majority of our educational content addresses areas with critical shortages of medical professionals and limited access to advanced learning materials. By bridging the gap in healthcare education in underserved areas, we help provide healthcare workers with the tools they need to improve care quality and save lives. To achieve these objectives, we have previously: - Developed DVD programs for portable DVD players - Established an Internet delivery platform that allows viewing of all programs - Developed an App that delivers multimedia programs to mobile phones and tablets - Uniquely, the App also enables delivery of continuing education to health workers in remote areas, offering remote assessment capabilities without requiring Internet access. We currently have six multimedia programs and videos on COVID-19 available as open access on our delivery platform: learning.worldmedicaleducation.org. Recent Work: Development of the ‘Clinical Skills Accelerator’ This major project is our current focus. We have reviewed and built upon previous programs, extracting hundreds of clinical videos, animations, photographs, and x-rays. These will be made available to institutions to augment clinical training. We have developed a platform to allow access for medical schools, nursing colleges, and institutions that train other healthcare workers. The Accelerator is scheduled for the evaluation by several institutions worldwide in 2025, including those in the UK, Uganda, Kenya, Philippines, Singapore, and the USA. Feedback from these evaluations will inform the refinement of the Clinical Skills Accelerator to ensure it meets the unique needs of each institution, increasing its global impact on healthcare training. We aim to offer the Clinical Skills Accelerator to institutions in resource-poor countries at low lost or no cost, depending on available founding. For resource-rich countries, a hosting and development charge will be implemented to provide excellent value while generating funds to continue collecting and disseminating clinical videos and educational materials to resource-poor regions. Key disease areas included in the Clinical Skills Accelerator are: - Clinical Cardiology - Paediatric Cardiac Examination - Clinical Respiratory Medicine - Paediatric Respiratory Examination - Aerosol Drug Delivery - Spirometry and Lung Physiology - Caring for the Sick Patient (Respiratory) - Caring for the Sick Child - Minor Injuries in Accident and Emergency World Medical Education Grant for Oral Cancer: World Medical Education awarded a grant to Dr. Kununya Pimolbutr, an expert in oral cancer at Thailand’s leading dental school, to develop clinical videos to aid in the recognition of oral cancer and premalignant lesions. This project was delayed by one year due to maternity leave but is now on track to start in the summer of 2025. Videos for Kenyan Community Health Workers: Two 25-minute videos on TB and handwashing have been reviewed, signed off, and are now ready for use in Kenya. An Evaluation of these videos is currently underway in Kenya. University of Santo Tomas (Philippines): The collection of videos on ENT diseases continues at the University of Santo Tomas. Micro-teaching videos are being piloted, with promising initial feedback. Development of Future Projects in addition to ongoing projects, World Medical Education has visited the University of Makerere in Uganda, meeting with the medical school dean to plan joint projects on Maternal and Newborn Health and Tropical Diseases. We also visited Kenya to meet with the Dean of the University of Nairobi’s Medical School to discuss the utilization of the proposed Clinical Skills Accelerator. We visited the University of Santo Tomas and met with the Dean of the Medical School to review the ongoing ENT project and co-develop plans to test the Clinical Skills Accelerator and enhance video collection in ENT and neurology.

Consultation with stakeholders

World Medical Education has maintained ongoing discussions with key stakeholders in Kenya, particularly with the University of Health Sciences, through successful funding from Rotary. This collaboration has included visits and interactions with their global health team, intensive care doctors, and the Dean of the Medical School, Prof. Otieno, and Prof. Olenja, Head of Global Health. We have also met with the Dean of Makerere Medical School in Uganda and the Head of Tropical Diseases to discuss the utilisation of the Clinical Skills Accelerator and establish the university as a centre of excellence for clinical skills video acquisition. This partnership will enable Makerere University to contribute to additional content creation and help improve the quality of medical training in the region. Additionally, World Medical Education has engaged with the UK Uganda Health Alliance and their national program lead for Maternal and Newborn Health education to explore future collaborations. During our visit to the University of Santo Tomas in the Philippines, we reviewed the ongoing ENT project and co-developed plans to test the Clinical Skills Accelerator. We also discussed further video collection efforts in ENT and neurology, with focus on enhancing the impact of our educational materials. Stakeholder Feedback and Response We gather feedback from stakeholders through structured interviews, one-on-one discussions, and group workshops. This ensures that the content we develop meets local educational needs and can be effectively integrated into medical curricula. Following consultations with Makerere University, we have adjusted the scope of the Clinical Skills Accelerator to include more localised content on tropical diseases and maternal health, reflecting the specific needs identified during these discussions. World Medical Education continues to prioritise consultation with stakeholders to ensure our educational programs are relevant, accessible, and impactful. These partnerships are key to our mission of delivering high-quality medical education to healthcare workers in underserved areas, ultimately improving healthcare delivery on a global scale.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 February 2025

And signed on behalf of the board by:
Name: Dr N Blackwell
Status: Director