REGISTERED CHARITY NUMBER: 1084186 ort of the Trustees and Financial Statements for the Year Ended 31 ust 2022 for Remed Trust
Remed Trust CoDtentsof th¢Financi*1Statements for the Year EDded 31 Au ust 2022 Report of the Tru51ees Independeni Examinetrs Report ststement of Financial Activities Balance Sheet Cash Fl¢)w Stsiemenl Notes to the FInala1 StatemenL% 6t09
Rejned Trust rt of ihe Trnstees f r the Year EDd¢d 31 Au ust 2022 The tn]siees present their atmual repcmt and financial statemcnts of the charity for the year ended 31 August 2022. The rinancial statements have been prepared in a¢¢ordancc with the accounting policies sei out in note I to the accounts and comply with the charity's tnjsi deed. the Charitie5 Act 2011 and Accounting and the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. OWECTJVES AND AcfivJTJES Objectives activities for the publi¢ benefit The objeciives of ihe charity are to support s(Ki¢ty by providing grants to individuals and organisations to support th¢ir good works both in the UK and abro&l. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is an incorpordted tharity coTrstituied under a tnt deed dated 19 Dccembcr 2000 and is a registered charity, Number 1084186. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1084186 Principal address Momingside House Unit C Harcourt Way L¢i¢ester Leicestershire LE19 IWP Trustees Mr S K Gadhia Mr D Gadhia Independentexgminer lan BTa¢e FCA 17 Thistlebank East Leake Loughborough LE12 6RS ved order of the EM)ard of tnjsttts on 27 Septemb¢r 2022 and signed on its behalf by: MrSKGad - Trustée Page I
Inde dent Examiner's Re Rem totbeTrusttts of Independent ex•rniner's report io tbe trustees of Remedy Trusl I report to the charity tSleeS on my examination of the accounts of the Remedy TTU5t (the Trust) for the year ended 31 August 2022. Responsibilities basis of report As the charity rnstees of the TTUSt you are respcmsible for the preparation of the accounts in #¢cordance with the requirements of the Charities Act 2011 ('the Acf). I report in respect of my examination of the TTu's accounts carried out under section 145 of the Aci and in carrying oul my examination I have followed all applicable Direcuons given by the Chariry Commission und¢r section 145(5Xb) of the Act. Independent ex2miDer's stat¢ment Since your charity's gr05s income excttded £250.OCKJ in the prioryear yow examiner must be a member of a listed body. I can confm that l am qualified to undertake the examIn10n because l am a regis*red member of which is one of the listed bodies I have completed my ¢xatnination. I confm that no maieria] matters hav¢ tome io my attention in connection with the examinalion giving me cause to believe in any material respect: accounting records were not kepi in respeci of ihe Tru as Tequired by section IJO of the Act; or the accounts do noi accord with those records-or the accountsdo notcomply with the applicable requirementsconcerningthe form and contentof accounts setout in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement that the accounts give a trne and fair view which is noi a maner ¢onsidered as part of an independent examination. I confm that there are Mo other matter5 to which your attention should be drawn to enable a proper understanding of the accounts to be reached. ro-c lan Brdce FCA 17 Thistlebank E1 Leake Loughborough LE12 6RS 27 September 2022 Page 2
Remed Trust Staternent of Financial Activities for the Year Ended 31 Au Ust 2022 31.8.22 UnrtstTiCted fund 31.8.21 Unrestricted fund Not¢5 Ineome and endowmtnts fro Donations and legaci 500,000 300,441 Totsl 500,000 300,441 Expenditure on Charitable #ctivities Charitable donaiions 199,970 583,508 Other 139 120 Total 200,109 583,628 P4tt ineome (Expenditure) 299.891 (283.187) Reeonciliatlon of (ndS Total funds brought (orward 573.360 856,547 Total funds carried fonvard 873.251 573.360 Th¢not¢5forn]partofth¢s¢ financial 5tst¢ments Page 3
Remed Trnsi B•l*DCt Sheet At31 Au ust 2022 31.8.22 31.8.21 Unr¢stricied fund Notes Current Assets C&sh ai bank 873251 573,360 Net turrent 855ets 873,251 573,360 Tot81 assets less Currertt liabilities 873251 573.360 Net assets 873251 573 J60 FuDds UnrestTiCt¢d funds 873251 573,360 573.360 Total fuDd$ 873,251 The fi atements were approved by the Board of TneeS on 27 September 2022 and were signed on its behalf by: Mr S K Gadhia-Ttustee Thenote5foTmpartofthe5efin8ncial statem¢nts Page 4
Remed Trust Cish Floiv Statement rorthe Year Ended 31 Au ust2 31.8.22 31.8.21 C¥sh flows frorn operating activities: Net cash {used in) provided by operating Ittiyiti 299,891 (283,187) Change in cash and cash equiv*l¢Dts in the reporting period 299.891 (283,187) Cash and cash equivalents at the beginning olthe reportlDg period 573,360 856,547 C85h and eash equivalents at the end ofthe reporting period 873.251 573.360 31.8.22 31.8.21 Recontiliation of net income to De( easb now from operaliDg activities Net income (expenditure) for tbe reportlllg period (as per the statement of fiThancial Activities) 299.891 1283,187) Nel cash (used in) provided by operating activities 299,891 1283,187) Thenote5 fonnpart ofth¢se fancial ststemen Page 5
Remed Trnst Notes to the Financial Ststements forthe Ye¥r Ended 31 Au st 2022 Accounting lItieS Basis of preparing the finDeial ststemttsts The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cosi or transac(ion value unless otherwise stsied in the relevant note(s) to these accounts. The fman¢ial statements have been prepared in accordance with the second edition of the Charities Sts¢emeni of Recommended Praciice issued in October 2019, the Fknancial R¢portin8 Standard applicable in the Uniied Kingdom and Republic of Ireland (FRS 102) and the Clwities Act 2011. The trustees consider the are no material uncenaiDties about the Tn.$ ability to continue a5 a going CODcem. Ineome All income 15 ttcognised once the charity ha5 eniiilement io the income, il is probabl¢ that the income will be received. and the amount of income receivable can be me&8ured reliably. Donations are recognised when the Trust has been notified in WTiting of both the amowjt and Settlement date. In the ¢veni that a donation is subject to conditions that require a level of trfomance before the charity is entitled to the funds, Ihe income is deferred and noi recognised until eiiher those conditions are fully mel or the fulfjlment of those conditions is wholly within the conlToI of the chariry. and it is probable that those conditions will be fiJlfill¢d in the reporting period. Espenditur¢ Liabilities are re¢ognised L% expenditure as 500n as there is a legal or constructive obligation committing the charity to thai expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliabty. All expendifure is accowited for on an a¢¢nlS b&sis. Irreeoverable VAT Ie£overable VAT is charged against the exp¢ndiwre heading for which it W8$ incurred. T8xatjOD The charity is exempt from tax on its charithbl¢ athivitie5. Fund accounting Unrestricted fi]nds can b¢ used in accordance with the c11b]e objedive5 at the diS¢t10n of the trustees. Restricted funds can on]y be used for particular restricted purposes within the objects of the charity. Restriction5 arise wh¢n specified by the donor or when fimds are raised for particular restricted PUTP05es. Further explanaiion of the nature and purpose of each fimd 15 included in the notes to the financial tht¢rnents. Donations aDd lega¢i¢s 31.8.22 31.8.21 Voluntary incom¢ 500,(J)O 300,441 Charitable activities costs Directeosts Totals Charitsbledonation 199,970 199,970 Page 6
Remed Trst Notestothe Fingneial Statements- continued for the Year Ended 31 Au U5t 2022 Trustee5' remuner8tioD and benefits There were no trustees, remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021. Trustees, expenses There were notrnstees. expenses paid for theyearended 31 Augull2022 nor forthe year ended 31 Au8USt2021. Compardtives for Ihe statemeDI or rinttella¢tivities Unrestricied fund Ineome and tlldowments from Donations and legacies 300.441 Total Expenditure on Charitable activities Charttsbledonaiions 583,508 Other 120 Total 583.628 Net income {283,187) ReconciliatiOD of funds Total fu4dsbroughl forward 856,547 Totgl fundsearried forward 573,360 Page 7
Movement in fund$ Net movement in funds At 119r21 At 3118122 UrtriCted lunds General fund 573.360 299.891 873,251 TOTAL FUNDS 573,iH) 299,891 873,251 Net movement in funds. included in the above are as follows: Incoming resoutces Resource5 expended Movementin fvnds Unrestricted fwnds Generdl fund 500,tM)o (200,109) 299.891 TOTAL FUNDS 200 109) 299,891 CompAratives for movement itt funds Net movement At 119r20 in funds At 3118121 Unrestricted Funds Generdl fund 856.547 (283,187) 573.360 TOTAL FUNDS 856547 (283,1871 573,360 Compar*ive net movement in fund4 included in the above are as follows.. ITKoming R¢source5 pended Movementin fisnds UDrestricted funds General fimd 300,441 (583,628) (283,187) TOTAL FUNDS 300,441 (583.628) (283,187) Page 9
Movernent in funds-continued A currenl year 12 months and prior year 12 MithS combined position is as follows: Netmovement in fimds At 3118122 At 119r20 Unrestricted funds General fund 856,547 16,704 873,251 TOTAL FUNDS 856,547 16,704 873.251 A Current year 12 months and prior year 12 months combined net mov¢m¢nt in fijnds, included in the above are as follows.. Incoming resources Re50uwes expended Movement in fvnds Unrestrieted fund5 Generdl nd 800,441 (783.737) 16.704 TOTAL FUNDS 313,957 (841,1061 16,704 Related party disclosures During the year charttable donations of £500.000 {2021- £300.IJ)O) were received from Morningside Healthcare Limited,. in which the Trustees are also Directo. Page 9