E-sign ID-. 8786bccc-f2b342¢1-87d2-f422990b7a78 Mercy Universal Trustees, Report and Finanaal Statements for The Year Ended 26 June 2024 Charity Registration No: l 0 8 3 6 3 1 ZAIDI AND CO. CHARTEREDACCOUNTANTS 241 Mitcham Roa4 London SIYJ 7 9JQ Telephone: 0208 767 2300, FIX: 0208 767 9110
E-Sign10.. 8786b¢cc-f2b342c1-87d2-f422990b7a78 Mew Univernal Inforn?ation Mr. Nazir Ahmed (Chairn]an) Dr. A. Hussain Mr. Javed Aziz Accountsnts Zaidi and Co Chartered Accounlants 241 Mitcham Road London SW17 9JQ Conrspondence Address 194 Dunstsble Road Bedfordshire Luton. LU4 8JJ Bankers National Westminster Bank PIC Leicester Customer Service Centre I I Western Boulevard T2icester LE2 7ET Cash Plu5 PO Box 5525 Manchester M61 OQS Charity Reg Number 108363 1
E-sign ID: 8786bccc-f2b342c147d2-f42299Ob7878 Mercy Univernal Contents Trustees Report Independent Examiners Report Statement Of Financial Activities Balance Sheet Notes To the Accounts 7-10 Income and Expenditure Account 11
E-sign ID.. 8786bccc-f2b342c1-87d2-f422990b7a78 Mercy Universal Report of the Trnstees For the year ended 26 June 2024 The Trustees present their report together with the financial statements of the charity for the year ended 26 June 2024. The trnstees adopted the provisions of the Statement of Re¢ornmended Prdctice (SORP) "Accounting and Reporting by Charities" issued in 2005 for preparing this reporL The Trustees The twstees who served the charity during the period were as follows: MrNazirAhmed (Chairman) Dr A Hussain Mr Javed Aziz Governing tnstrument The charity is governed by a deed of trust dated on 27th day of October 2000 and was registered with the Charities Commission under number 1083631. Recruitment aDd appoiDtment of Trustees For recruitm¢nt of trustees, we engage those people who are professionals. businessmen or community workers. They should have no crsminal background and also should be referred by trwo professionals like doctor% lecturers, solicitors. They have to be committed to play their roles and actively participate in the welfare of the organisation and humanitarian issues. Objects of the Trust Fund The objects of the Charity as stated in the deed of trust a. - To relieve sickness and povety. - To provide relief to poor. sick and needy people - To participate in humanitsrian prows involving rehabilitation, health Care. ucatIOn, and to provide social and economic support. Achievements and Perforn)ance The charity engaged in providing the humanitsrian relief work by providing support to orphans and widows and in various water projects during the current reporting period. Accounting Policies The accounting policies adopted by the charity are detailed in Note I to the fin8cial statements. There have been no Changes to the accounting policies during the period. Reserve Policy We k¢ep reserves for any eventuality and emergencies and from time to time spend from the Teserve5 if the donations do not suifice to run the projects. We had a lIcY of keeping separate accounts for reserves but as the donations have been fewer over last years, here it was not possible to maintain IL Risk Management The Trustees have examined the major strategic, business and operational risks which the charity faces and confinn that the systems have been established to enable regular reports to be produced so that the necessary steps can b¢ taken to lessen these risks. Page I
E-sign ID.. 8786bcce-rdb2c147d2-f42299Ob7a78, Mercy Universal Report of the Trnstees For the year ended 26 June 2024 Availability of Assets to fulfil obligation The charity has adequats reserves to fulfil its charitable obligations 2nd to cover operating ¢ost8 unforeseen expenditure and/or shortfalls in income. Summary of the year's activities 2023-24 During the year, 60 vocational training centers which provide training for tailorin& embroidery and computer skills were sponsored and supported by Mercy Universal in Jammu and Kashmir. Mercy Universal in partnership with local charities and volunteers on the ground was able to provide respite. including medicine and food to poor 2nd needy in Jammu and Kashmir under Food security and Livelihood (FSL) prom. Support for the patients with chronic illness needing lifetime care continued as previous years. Under Building Brighter Futures orphans across Jammu and Kashmir were provided full or partiaI support in parth¢rship with l¢xal charities and has been continuing from many years. Mercy universal carried out Ramadhan Iftaar program projects this year as well. Foods packs were distribut¢d to marginalized families for the month of fasting. On auspicious occasion of Eid of Qurbani was carried out in both sides of Kashmir and more than 3000 individuals benefited. Distribution of fId parcels amongst displaced persons and providing sewins ma¢hines for women skills developrnent centers in Azad Kashmir. Mercy Universal has been supporting students to realize their dreams within Jammu and Kashmir and students who are pursuing their education in international universities. Mercy Universal provided support to numerous students at high school and college levels to continue their education in Jammu and Kashmir and at higher education level in different countries. Scholarship Programme: Mercy Universal in partnership with the partners awardd various types of scholarships directly to the students of J & K . Presently, the scholarship details are as follows: _ a) 8th to 12th grade scholarship b) Post-matric scholarship c) Professlonal scholarship for Medic, Engineering. Agriculture and othercourses. d) Fre&ship in educational Institutions (preferably orphans) and (full concession) e} financially poor students. (partiaI concession) D Economically struggling students in various countries. Oryhan Development Programme . The assistance is provided for. a) Educational Development viz. tuition fee. books uniform and stationery etc. b) Health are viz. Regular medical check-up, Conducting of medical tests and providing medicines et¢. c) Personality development VIL interactive sessions, entsrtainm¢nL excursion& and camps etc. Page 2
E-sign ID.. 8786bccCryf2b2Cl-87d2-f42299Ob7a78J Mercy Universal Report of the Trnstees For the year ended 26 June 2024 SoeiaVEmergencies/Water projects: Providing financial assistance for marrlages of poor and deserving girls. Providing emergent relief during earth quake, fire hazard4 floods etc. Provide drinking water etc. Help persons displaced due to conflicts in their rehabilitstion. Financial assistance on the eve of Eid to widows and orphan girls Distribution of blankets et¢. during winter During the last 32 years of turnioil in the state, the number of orphans has increased tremendously. The serious efforts are being made to reach to the families of orphans and providing of assistance to these orphans is among the priority sectors of the organization. Trustee's responsibilities in relation to financial Statements Law applicable to the charities in England and Wales requires th¢ Trustees to prepare financial statements for ea¢h financial year. which give true and fair view of the charity's financiaI activities during the year and of its financial position at the end of the year. In preparing those financial statements the trustees are required to: Select suitable accounting policies and then apply them consistently; - Make judgements and estimates that are reasonable and prndenL - Observe the methods and principles in the Charlties SORP; State whether applicable accounting standards and statement of recommended practice have been followed subjects to any departur¢s disclosed and explained in the financial statements. and Prepare the financial statements on the going con¢ern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping financial records which disclosed with rwonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets j of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed and approved on behalf ofthe trustees on . N Ahmed 071May/2025 20:56:40 D A Hussair. 161Apr/2025 LI:OL:31 Mr Nazir Ahmed Ttee Dr A Hussain Tnistee Page 3
E-sign ID.. 8786bThf2b342c147d2-f422990b7878, Independent Examiner's Report to the Trustees of Mercy Universal for the year ended 26 June 2024 We report on the accounts of the Charity for the year ended 26 June 2024. which are set out on pages 5 to l O. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is our responsibility to". ernin¢ the accounts under section 145 of the 201 I A¢ to follow the prixedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL and to state whether particular matters have come to our attention. Basis of independent examiners, report Our examination was carried out in ac¢ordan¢¢ with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison ofthe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accoun I and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the ¢vidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and fair view and the report is limited to those matters s¢t out in the statement below. Independent examiners, statement In connection with our examination, no matter has come to our attention: which gives us reasonable uSe to believe that in any material respxt the requirements: to keep accounting records in accordance with section 130 of the 2011 ACL and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 201 l Act have not been met: or Except for adequate controls OV the distribution of funds transmitted abroad (as the Trustees had no control over the charity's funds after the funds have left the UK). subject to abov4 in our opinion, the financial statements give a tru¢ and fair view of the stat¢ of the charity's affairs as at 26 June 2024 and of its incoming i resources and applications of resources for the year then ended and have been properly prepared in accordance with Charities Act 2011. Z & C C A L21May12025 08-35.16 ZAIDI & CO CHARTERED ACCOlINTAs 241 Mitcham Road London SW17 9JQ Date: ....................... Page 4
E-Sign10.. 8786bccc-f2b342¢1-87d2-f422990b7a78 Mercy Universal ststement of Financial Activities for the Year Ended 26 June 2024 2024 Notes Restricted Unrestrieted Totsl Fund Fund Fund 2023 Total Fund Incoming Resources Donations reiVed 25.938 25.938 53.866 215 215 250 Sadqa 750 750 2245 Gift Aid received Total Ineoming Resources 25,938 26903 56J61 Resources Expanded Direct Charitsble expenditur¢ 43,650 43,650 75.748 Fundraisins costs 2,739 2.739 7,084 Managing and adrninistration 12,858 12,858 13,930 Other resources 502 502 612 Total Resources Expanded 59,749 59,749 97074 Net Incomin(oUtgolng) Resourtts for the year 965 {33,811) (32,846) (41,013) Total funds at 27 June 2023 41733 42.733 83,746 Total funds at 26 June 2024 8922 9,887 42,733 Page S
E-sign ID.. 8786b¢c¢-f2b342¢1-87d2-f422990b7a781 Mercy Universal Balance sheet as at 26 June 2024 2024 2023 Notss Fixed assets Intangible assets Tangibl¢ assets 25 2,259 31 2,755 2,284 2,786 Current a&sets Cash at bank and in hand 10.8H 46,073 Current liabiliti£g Sundry payables and accruals Y4et current assets 3,241 6.126 7,603 39,947 Total assets les5 current liabilities 9,887 42.733 Aeeumulated Fund Aecount Unrestricted Funds blfvd Ex¢ess of Expenditure Over Income 41733 (32,846) 9,887 83,746 (41.013) 41733 Signed on behalf of the Trust¢es N Ahmed O?/May12025 20:56:40 D A Hussaln 161Apt12025 LL:01.. 31 Mr Nazir Ahmed Dr A Hussain Approved by the Trustees on: ................ Page 6
E-sign ID= 8786bccc-f2b342c1-87d2-f422990b7a78 Mercy Universal Notes to the accounts for the year ended 26 June 2024 Aecounting policies 1.1. Accounting convention The accounts have been prepared under thc historical cost convention and in accordance with the provisions of the Charity (A¢eounts and Reports) Regulation& appllcable accounting standards and the Ststement of Recommended Practice on A¢counting and Reporting by Charities. 12. Cbaritable Contributions These represents amounts receivable from donors towards the general running of the charity. IJ. Intangible aDd Tangible red assets and depreciation Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Intangible Assets Computer Equipment Fixtures & fittings 180/0 Reducing Balance 180/0 Reducing Balance 180/0 Reducing Balance Direct Charitable Expenditure 2024 2023 Donations made 43,650 75,748 43,650 7S.748 Fundraisin2 Costs 2024 2023 Advertising and promotions Support and Fundraising costs Telephone, fax and intemet Trav¢lling 800 521 1,328 90 SCKJ 5,690 797 2.739 7.084 Page 7
E-sign ID.. 8786bccc-f2b342c1-87d2-f422990b7a78 Mercy Universal Notes to the accounts for the year eDded 26 June 2024 Management and Administration Expenses 2024 2023 Staff salaries Offices rent and service charges 7,671 967 8,401 476 Insurance Light & heat Printin& postage and stationery Computer & networking costs Bookkeeping Fees Accountancy fees Bank charges Merchantcharges M¢mbet5hip Fees 722 219 1,200 1,800 69 210 417 972 1200 1,800 69 595 12.858 13.930 Other Resources 2024 2023 Amortization on intangible assets Depreciation on tangible assets 496 605 502 612 Page 8
E-Si9n ID.. 8786bccc-f2b342c147d2-f422990b7a78 Mercy Universal Notes to the accounts for the year ended 26 June 2024 Intangibk fixed assets Software Total At 27 June 2023 2J16 2.316 At 26 June 2024 1316 2.316 Provfision for diminution in value At 27 June 2023 Charge for year at 26 June 2024 1285 2285 2,291 2.291 Net book values At 26 June 2024 25 At 26 June 2023 31 31 Tangible assets Fixtures Fittings Equipment Totsl Cost At 27 June 2023 26,318 16,765 43,083 At 26 June 2024 26J18 16,765 43,083 Depreeiation At 27 June 2023 Charge for the year At 26 June 2024 25,430 160 14.898 336 40,328 25,590 15234 40.824 Net book valu At 26 June 2024 728 1.531 2259 At 26 June 2023 888 1.867 2,755 Page 9
E-sign ID.. 8786bccc-f2b342c147d2-f422990b7a78 Mercy UDiversal Notes to the accounts for the year ended 26 June 2024 Current liabiliti 2024 2023 Taxes and social security costs AccTuals 3,230 6.115 3,241 6,126 Analysis of Net Assets between Funds 2024 2023 Fund balaD¢es at 26 June 2024 are represented by: Tangible FIX assets tntangible Asset Current Assets Current Liabilities 2259 25 10,844 (3,241) 2,755 31 46,073 (6,126) | Total Net Assets 9.887 41733 10. Related Party Transaetions Mr. Nazir Ahmed, MR Javed Iqbal Aziz and Dr. A. Hussain are Trustees of Mercy Universal. No transactions took place between the Mercy Universal and the Trustees during the financial period under review. Page 10
E-sign ID.. 8786bccc-f2b342c1-87d2-f422990b7aT8 Mercy Universal Income and Expenditure Account for the year ended 26 June 2024 2024 2023 Ineome Donation received- Unrestricted Sadqa (Restricted Funds) Zakat (Restricted funds) 25,938 215 750 53.866 250 2245 26,903 56,361 ExpeDditure Charitable Donations Ramadan Projects Qurbanis DonatiOiLS Advertising & promotions Local Programm¢ Support and Fundraising costs Telephone. fax and internet Travelling Otrices r¢nt and serrfi¢e Charges Rates Printin& postage and ststionery Computer & networking costs Bookkeeping Fees Accountancy fees Bank charges Merchant Charges Amortization on intangible assets D¢pr¢¢iation on tangible assets Gift Aid 25,467 6,838 8,030 800 3,315 521 1,328 90 7,671 967 722 219 1200 1,800 69 210 58,323 6,465 8,660 500 2,300 5,690 797 97 &401 476 417 972 1200 1,800 69 595 496 605 (59.749) (97J74) Exeess of expenditure over illeome (32WO (41,013) Page 11