REGISTERED CHARITY NUMBER: 1082915
RHODI CHARITABLE TRUST
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ
RHODI CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
RHODI CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees Mr Ibrahim Vali Bux Mrs Hamida Bux Principal address 1 Fishwick Park Mercer Street Lancashire Preston PR1 4LZ Registered charity number 1082915 Independent examiner Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ
Page 1
RHODI CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 2019).
Objectives and activities
The objectives of the trust as set out in its governing document are:
To donate funds to support organisations/institutions internationally which provide religious or otherwise educations to poor and needy children.
To donate funds to support organisations/bodies which advance religion or provide public services; Support and provide funds to organisations/institutions which relieve sickness and preserve and protect good health.
The charity's main objective is the relief of poverty. Rhodi Charitable Trust seeks to make immediate and lasting improvement to the lives of people affected by poverty and disaster.
The charity's aim is to achieve this by responding to peoples' needs in a way that is practical, innovative and cost effective.
When planning activities for the year, the trustees have considered the Commission's guidance on public benefit.
Achievement and performance
The charitable trust has continued its commitment to assist local, national and international projects. In accordance to the charity's aims and objectives. Donations have been made to various causes which the trustees consider to have provided Public Benefit. Financial assistance was also provided to various poor and vulnerable individuals such as orphans and widows who required funds for food, shelter and clothing.
The charity now operates and finances seven Multi-Faith Facilities at various motorway service stations across the UK, providing a much needed amenity to thousands of travellers.
Financial review
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs.
Structure, governance and management
Governance and internal control
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Charity constitution
Rhodi Charitable Trust is a registered UK Charity constituted on 24 February 2000 under charity number 1082915. It is an unincorporated charity. The governing document is a Trust Deed.
The trustees of Rhodi Charitable Trust decided to change the name from Rhodi Family Charitable Trust on 10 April 2013.
The trustees who served during the year and up to the date of this report are set out on page 1. The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.
There are informal procedures in place for induction and training of new trustees. Trustees are also encouraged to attend external briefings and training courses.
Page 2
RHODI CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Approved by order of the board of trustees on 29 October 2021 and signed on its behalf by:
Mr Ibrahim Vali Bux - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RHODI CHARITABLE TRUST
Independent examiner's report to the trustees of Rhodi Charitable Trust
I report to the charity trustees on my examination of the accounts of Rhodi Charitable Trust (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Farook Patel FCA Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ
29 October 2021
Page 4
RHODI CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
----- Start of picture text -----
2020 2019
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Donations and legacies 2 93,848 115,215
Other income 57,780 66,185
Total 151,628 181,400
Expenditure on
Charitable activities 3
Charitable expenditure 147,069 156,041
Other - 3,000
Total 147,069 159,041
NET INCOME 4,559 22,359
Reconciliation of funds
Total funds brought forward 1,330,775 1,308,416
Total funds carried forward 1,335,334 1,330,775
----- End of picture text -----
The notes form part of these financial statements
Page 5
RHODI CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020
----- Start of picture text -----
2020 2019
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Investment property 7 1,267,995 1,267,995
Current assets
Debtors 8 30,000 30,000
Cash at bank 33,704 34,542
63,704 64,542
Creditors
Amounts falling due within one year 9 3,635 (1,762)
Net current assets 67,339 62,780
Total assets less current liabilities 1,335,334 1,330,775
NET ASSETS 1,335,334 1,330,775
Funds 10
Unrestricted funds 1,335,334 1,330,775
Total funds 1,335,334 1,330,775
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2021 and were signed on its behalf by:
Mr Ibrahim Vali Bux - Trustee
The notes form part of these financial statements
Page 6
RHODI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments is included in the year in which it is receivable.
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Investment property
Fixed asset investments, including investment property, is included at market value at the balance sheet date. No depreciation or amortisation is provided in respect of investment properties and leasehold investment properties with over twenty years to run. Leasehold investment properties with an unexpired term of twenty years or less, is depreciated or amortised over the period of the unexpired term.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Page 7
continued...
RHODI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Going concern
Trustees consider that the charitable company has sufficient resources and there are no material uncertainties about the charity's ability to continue. Accordingly, trustees continue to adopt the going concern basis in preparing the financial statements.
2. Donations and legacies
| 2020 £ Donations 93,848 Charitable activities costs Support Direct costs (see Costs note 4) £ £ Charitable expenditure 124,150 22,919 Support costs Governance Management costs £ £ Charitable expenditure 22,389 530 Support costs, included in the above, are as follows: |
2019 £ 115,215 Totals £ 147,069 Totals £ 22,919 |
|---|---|
3. Charitable activities costs
4. Support costs
Management
| Rent Building Insurance Sundries Cleaning Bank charges Repairs and maintenance |
2020 Charitable expenditure £ 18,757 227 - 1,372 60 1,973 |
2019 Total activities £ 18,984 224 3,093 4,637 185 4,009 |
|---|---|---|
| 22,389 | 31,132 |
Page 8
continued...
RHODI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. Support costs - continued Governance costs
----- Start of picture text -----
||||
|---|---|---|
|2020|2019|
|Charitable|Total|
|expenditure|activities|
|£|£|
|Accountancy and legal fees|530|8,520|
----- End of picture text -----
5. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. Staff costs
There were no staff costs for the year ended 31 December 2020 nor for the year ended 31 December 2019.
No employees received emoluments in excess of £60,000.
7. Investment property
----- Start of picture text -----
||||
|---|---|---|
|£|
|Fair value|
|At 1 January 2020|
|and 31 December 2020|1,267,995|
|Net book value|
|At 31 December 2020|1,267,995|
|At 31 December 2019|1,267,995|
|Debtors: amounts falling due within one year|
|2020|2019|
|£|£|
|Other debtors|30,000|30,000|
----- End of picture text -----
8. Debtors: amounts falling due within one year
Page 9
continued...
RHODI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
9. Creditors: amounts falling due within one year
| Taxation and social security Other creditors 10. Movement in funds At 1.1.20 £ Unrestricted funds General fund 1,330,775 TOTAL FUNDS 1,330,775 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 151,628 TOTAL FUNDS 151,628 Comparatives for movement in funds At 1.1.19 £ Unrestricted funds General fund 1,308,416 TOTAL FUNDS 1,308,416 |
2020 £ (4,235) 600 (3,635) Net movement in funds £ 4,559 4,559 Resources expended £ (147,069) (147,069) Net movement in funds £ 22,359 22,359 |
2019 £ 1,042 720 1,762 At 31.12.20 £ 1,335,334 1,335,334 Movement in funds £ 4,559 4,559 At 31.12.19 £ 1,330,775 1,330,775 |
|
|---|---|---|---|
Page 10
continued...
REGISTERED CHARITY NUMBER: 1082915
RHODI CHARITABLE TRUST
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ
RHODI CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
RHODI CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees Mr Ibrahim Vali Bux Mrs Hamida Bux Principal address 1 Fishwick Park Mercer Street Lancashire Preston PR1 4LZ Registered charity number 1082915 Independent examiner Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ
Page 1
RHODI CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 2019).
Objectives and activities
The objectives of the trust as set out in its governing document are:
To donate funds to support organisations/institutions internationally which provide religious or otherwise educations to poor and needy children.
To donate funds to support organisations/bodies which advance religion or provide public services; Support and provide funds to organisations/institutions which relieve sickness and preserve and protect good health.
The charity's main objective is the relief of poverty. Rhodi Charitable Trust seeks to make immediate and lasting improvement to the lives of people affected by poverty and disaster.
The charity's aim is to achieve this by responding to peoples' needs in a way that is practical, innovative and cost effective.
When planning activities for the year, the trustees have considered the Commission's guidance on public benefit.
Achievement and performance
The charitable trust has continued its commitment to assist local, national and international projects. In accordance to the charity's aims and objectives. Donations have been made to various causes which the trustees consider to have provided Public Benefit. Financial assistance was also provided to various poor and vulnerable individuals such as orphans and widows who required funds for food, shelter and clothing.
The charity now operates and finances seven Multi-Faith Facilities at various motorway service stations across the UK, providing a much needed amenity to thousands of travellers.
Financial review
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs.
Structure, governance and management
Governance and internal control
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Charity constitution
Rhodi Charitable Trust is a registered UK Charity constituted on 24 February 2000 under charity number 1082915. It is an unincorporated charity. The governing document is a Trust Deed.
The trustees of Rhodi Charitable Trust decided to change the name from Rhodi Family Charitable Trust on 10 April 2013.
The trustees who served during the year and up to the date of this report are set out on page 1. The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.
There are informal procedures in place for induction and training of new trustees. Trustees are also encouraged to attend external briefings and training courses.
Page 2
RHODI CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Approved by order of the board of trustees on 29 October 2021 and signed on its behalf by:
Mr Ibrahim Vali Bux - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RHODI CHARITABLE TRUST
Independent examiner's report to the trustees of Rhodi Charitable Trust
I report to the charity trustees on my examination of the accounts of Rhodi Charitable Trust (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Farook Patel FCA Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ
29 October 2021
Page 4
RHODI CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
----- Start of picture text -----
2020 2019
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Donations and legacies 2 93,848 115,215
Other income 57,780 66,185
Total 151,628 181,400
Expenditure on
Charitable activities 3
Charitable expenditure 147,069 156,041
Other - 3,000
Total 147,069 159,041
NET INCOME 4,559 22,359
Reconciliation of funds
Total funds brought forward 1,330,775 1,308,416
Total funds carried forward 1,335,334 1,330,775
----- End of picture text -----
The notes form part of these financial statements
Page 5
RHODI CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020
----- Start of picture text -----
2020 2019
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Investment property 7 1,267,995 1,267,995
Current assets
Debtors 8 30,000 30,000
Cash at bank 33,704 34,542
63,704 64,542
Creditors
Amounts falling due within one year 9 3,635 (1,762)
Net current assets 67,339 62,780
Total assets less current liabilities 1,335,334 1,330,775
NET ASSETS 1,335,334 1,330,775
Funds 10
Unrestricted funds 1,335,334 1,330,775
Total funds 1,335,334 1,330,775
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2021 and were signed on its behalf by:
Mr Ibrahim Vali Bux - Trustee
The notes form part of these financial statements
Page 6
RHODI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments is included in the year in which it is receivable.
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Investment property
Fixed asset investments, including investment property, is included at market value at the balance sheet date. No depreciation or amortisation is provided in respect of investment properties and leasehold investment properties with over twenty years to run. Leasehold investment properties with an unexpired term of twenty years or less, is depreciated or amortised over the period of the unexpired term.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Page 7
continued...
RHODI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting policies - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Going concern
Trustees consider that the charitable company has sufficient resources and there are no material uncertainties about the charity's ability to continue. Accordingly, trustees continue to adopt the going concern basis in preparing the financial statements.
2. Donations and legacies
| 2020 £ Donations 93,848 Charitable activities costs Support Direct costs (see Costs note 4) £ £ Charitable expenditure 124,150 22,919 Support costs Governance Management costs £ £ Charitable expenditure 22,389 530 Support costs, included in the above, are as follows: |
2019 £ 115,215 Totals £ 147,069 Totals £ 22,919 |
|---|---|
3. Charitable activities costs
4. Support costs
Management
| Rent Building Insurance Sundries Cleaning Bank charges Repairs and maintenance |
2020 Charitable expenditure £ 18,757 227 - 1,372 60 1,973 |
2019 Total activities £ 18,984 224 3,093 4,637 185 4,009 |
|---|---|---|
| 22,389 | 31,132 |
Page 8
continued...
RHODI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. Support costs - continued Governance costs
----- Start of picture text -----
||||
|---|---|---|
|2020|2019|
|Charitable|Total|
|expenditure|activities|
|£|£|
|Accountancy and legal fees|530|8,520|
----- End of picture text -----
5. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. Staff costs
There were no staff costs for the year ended 31 December 2020 nor for the year ended 31 December 2019.
No employees received emoluments in excess of £60,000.
7. Investment property
----- Start of picture text -----
||||
|---|---|---|
|£|
|Fair value|
|At 1 January 2020|
|and 31 December 2020|1,267,995|
|Net book value|
|At 31 December 2020|1,267,995|
|At 31 December 2019|1,267,995|
|Debtors: amounts falling due within one year|
|2020|2019|
|£|£|
|Other debtors|30,000|30,000|
----- End of picture text -----
8. Debtors: amounts falling due within one year
Page 9
continued...
RHODI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
9. Creditors: amounts falling due within one year
| Taxation and social security Other creditors 10. Movement in funds At 1.1.20 £ Unrestricted funds General fund 1,330,775 TOTAL FUNDS 1,330,775 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 151,628 TOTAL FUNDS 151,628 Comparatives for movement in funds At 1.1.19 £ Unrestricted funds General fund 1,308,416 TOTAL FUNDS 1,308,416 |
2020 £ (4,235) 600 (3,635) Net movement in funds £ 4,559 4,559 Resources expended £ (147,069) (147,069) Net movement in funds £ 22,359 22,359 |
2019 £ 1,042 720 1,762 At 31.12.20 £ 1,335,334 1,335,334 Movement in funds £ 4,559 4,559 At 31.12.19 £ 1,330,775 1,330,775 |
|
|---|---|---|---|
Page 10
continued...
RHODI CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
10. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 181,400 181,400 |
Resources Movement expended in funds £ £ (159,041) 22,359 (159,041) 22,359 |
|---|---|---|
11. Related party disclosures
There were no related party transactions for the year ended 31 December 2020.
Page 11
RHODI CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
----- Start of picture text -----
2020 2019
£ £
Income and endowments
Donations and legacies
Donations 93,848 115,215
Other income
Investment income from UK properties 57,780 66,185
Total incoming resources 151,628 181,400
Expenditure
Charitable activities
Charitable expenditure 124,150 118,371
-
Fund raising event 1,018
124,150 119,389
Support costs
Management
Rent 18,757 18,984
Building Insurance 227 224
Sundries - 3,093
Cleaning 1,372 4,637
Bank charges 60 185
Repairs and maintenance 1,973 4,009
22,389 31,132
Governance costs
Accountancy and legal fees 530 8,520
Total resources expended 147,069 159,041
Net income 4,559 22,359
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 12