**REGISTERED CHARITY NUMBER: 1082915**
## **RHODI CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
**RHODI CHARITABLE TRUST**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|||**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 2022**
**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 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 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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.
Page 2
**RHODI CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Structure, governance and management**
## **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.
Approved by order of the board of trustees on 26 April 2023 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 2022.
## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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
Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
27 April 2023
Page 4
**RHODI CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
**----- Start of picture text -----**
2022 2021
Unrestricted Total
fund funds
Notes £ £
Income and endowments from
Donations and legacies 2 25,800 41,000
Other income 116,607 105,349
Total 142,407 146,349
Expenditure on
Charitable activities 3
Charitable expenditure 113,370 120,671
NET INCOME 29,037 25,678
Reconciliation of funds
Total funds brought forward 1,361,012 1,335,334
Total funds carried forward 1,390,049 1,361,012
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
## **RHODI CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022**
**----- Start of picture text -----**
2022 2021
Unrestricted Total
fund funds
Notes £ £
Fixed assets
Investment property 7 1,341,082 1,288,658
Current assets
Debtors 8 15,000 30,000
Cash at bank 35,353 46,571
50,353 76,571
Creditors
Amounts falling due within one year 9 (1,386) (4,217)
Net current assets 48,967 72,354
Total assets less current liabilities 1,390,049 1,361,012
NET ASSETS 1,390,049 1,361,012
Funds 10
Unrestricted funds 1,390,049 1,361,012
Total funds 1,390,049 1,361,012
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 26 April 2023 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 2022**
## **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.
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continued...
**RHODI CHARITABLE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. Accounting policies - continued**
## **Fund accounting**
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.
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**
|**2022**
**£**
Donations
25,800
**3.**
**Charitable activities costs**
**Support**
**Direct**
**costs (see**
**Costs**
**note 4)**
**£**
**£**
Charitable expenditure
91,660
21,710
**4.**
**Support costs**
**Governance**
**Management**
**costs**
**£**
**£**
Charitable expenditure
20,354
1,356|**2021**
**£**
41,000
**Totals**
**£**
113,370
**Totals**
**£**
21,710|
|---|---|
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continued...
**RHODI CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **4. Support costs - continued**
Support costs, included in the above, are as follows:
## **Management**
|Rent
Building Insurance
Sundries
Cleaning
Bank charges
Repairs and maintenance|**2022**
**2021**
**Charitable**
**Total**
**expenditure**
**activities**
**£**
**£**
14,412
4,202
238
234
298
1,149
2,003
1,952
60
105
3,343
8,893|
|---|---|
||20,354
16,535|
|**Governance costs**
Accountancy and legal fees|**2022**
**2021**
**Charitable**
**Total**
**expenditure**
**activities**
**£**
**£**
1,356
780|
## **5. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **6. Staff costs**
There were no staff costs for the year ended 31 December 2022 nor for the year ended 31 December 2021.
No employees received emoluments in excess of £60,000.
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continued...
**RHODI CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**7.**
**Investment property**
**Fair value**
At 1 January 2022
Additions
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**8.**
**Debtors: amounts falling due within one year**
Other debtors
**9.**
**Creditors: amounts falling due within one year**
Taxation and social security
Other creditors
**10.**
**Movement in funds**
**At 1.1.22**
**£**
**Unrestricted funds**
General fund
1,361,012
**TOTAL FUNDS**
1,361,012
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
142,407
**TOTAL FUNDS**
142,407|**2022**
**£**
15,000
**2022**
**£**
786
600
1,386
**Net**
**movement**
**in funds**
**£**
29,037
29,037
**Resources**
**expended**
**£**
(113,370)
(113,370)|**£**
1,288,658
52,424
1,341,082
1,341,082
1,288,658
**2021**
**£**
30,000
**2021**
**£**
3,617
600
4,217
**At**
**31.12.22**
**£**
1,390,049
1,390,049
**Movement**
**in funds**
**£**
29,037
29,037|
|---|---|---|
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continued...
**RHODI CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. Movement in funds - continued**
## **Comparatives for movement in funds**
|**At 1.1.21**
**£**
**Unrestricted funds**
General fund
1,335,334
**TOTAL FUNDS**
1,335,334
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
146,349
**TOTAL FUNDS**
146,349|**Net**
**movement**
**in funds**
**£**
25,678
25,678
**Resources**
**expended**
**£**
(120,671)
(120,671)|**At**
**31.12.21**
**£**
1,361,012
1,361,012
**Movement**
**in funds**
**£**
25,678
25,678|
|---|---|---|
## **11. Related party disclosures**
There were no related party transactions for the year ended 31 December 2022.
Page 11
**RHODI CHARITABLE TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
**----- Start of picture text -----**
2022 2021
£ £
Income and endowments
Donations and legacies
Donations 25,800 41,000
Other income
Investment income from UK properties 116,607 102,339
Other income - 3,010
116,607 105,349
Total incoming resources 142,407 146,349
Expenditure
Charitable activities
Charitable expenditure 91,660 103,356
Support costs
Management
Rent 14,412 4,202
Building Insurance 238 234
Sundries 298 1,149
Cleaning 2,003 1,952
Bank charges 60 105
Repairs and maintenance 3,343 8,893
20,354 16,535
Governance costs
Accountancy and legal fees 1,356 780
Total resources expended 113,370 120,671
Net income 29,037 25,678
**----- End of picture text -----**
This page does not form part of the statutory financial statements
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