REGISTERED CHARITY NUMBER: 1110463
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020
FOR
MOUNTAIN OF MERCY
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
MOUNTAIN OF MERCY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
MOUNTAIN OF MERCY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020
January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objects of the Charity are:
other means deemed suitable).
- The advancement of education, in particular for young people of all religions and ethnic backgrounds.
to excel in society.
Main activities
How our activities deliver public benefit
below provide benefit and aid to those in need of financial relief.
Currently, the charity is undertaking the following activities:
-
Food and shelter for refugees
-
Income generating projects
-
other means deemed suitable);
-
The construction of water wells to meet basic human needs.
-
Distribution of winter essentials to harsh stricken countries in the form of clothes, blankets as part of the "The winter project"
-
The construction of water desalination unit for clean water.
Volunteers
donations and promoting the charity.
We are greatly indebted to these volunteers for their commitment and support.
Page 1
MOUNTAIN OF MERCY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity undertook the following projects and activities:
Atahualpa
-
Distribution of Food Parcels to various countries including the Rohingya refugees
-
The construction of water wells in Bangladesh Satkhira district
-
Qurbani Meat distribution in Africa
-
Kenya Food distribution for Orphans
-
Aid for Refugees in the form of blankets and clothes
-
The construction of a water desalination plant for clean drinking water.
FINANCIAL REVIEW
Reserves policy
The General fund represents funds arising from current operating results. The trustees are satisfied that the balance of the fund will enable the charity to meet its objectives. The trustees have also examined the requirement to maintain reserves for the on going work of the charity and concluded that the most appropriate level is between 3 to 6 months of operational expenditure.
FUTURE PLANS
further projects which will help us to fulfil our aims and objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
charity with the Charities Commission on the 15th July 2005 (No:1110463)
Recruitment and appointment of new trustees
The members in the general meeting elect trustees or a maximum of three trustees may be co-opted by the Executive Committee.
All trustees hold office until the Annual General Meeting where trustees can offer themselves for re-election or re-appointment.
The appointment of the trustees is governed by the trust deed.
Organisational structure
The charity is controlled by the trustees who make up the Executive Committee. Details of the current trustees are set out below:
M Z Hafiz (Chairman) F A Patel (General Secretary) Miss F Ahmed S Dalal
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1110463
Page 2
MOUNTAIN OF MERCY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020
Principal address Regent House Regent Street Blackburn Lancashire BB1 6BH Trustees M Z Hafiz F A Patel Miss F Ahmed S Dalal Independent Examiner SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Bankers HSBC Bank PLC 490 Great West Road Hounslow Middlesex TW5 0TB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................ M Z Hafiz - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOUNTAIN OF MERCY
Independent examiner's report to the trustees of Mountain of Mercy
I report to the charity trustees on my examination of the accounts of Mountain of Mercy (the Trust) for the year ended 31 July 2020.
Responsibilities and basis of report
Charities Act 2011 ('the Act').
examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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 Charities (Accounts and Reports) Regulations 2008 other than any which is not a matter considered as part of an independent examination.
this report in order to enable a proper understanding of the accounts to be reached.
Shamim Mahomed ICAEW SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
Date: .............................................
Page 4
MOUNTAIN OF MERCY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 249,099 EXPENDITURE ON Charitable activities 3 Provision of Services 176,434 Management & Administration 1,253 Total 177,687 NET INCOME 71,412 RECONCILIATION OF FUNDS Total funds brought forward 110,354 TOTAL FUNDS CARRIED FORWARD 181,766 |
2019 Total funds £ 192,720 174,692 1,430 |
|---|---|
| 176,122 | |
| 16,598 93,756 |
|
| 110,354 |
The notes form part of these financial statements
Page 5
MOUNTAIN OF MERCY
BALANCE SHEET 31 JULY 2020
| 2020 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 182,005 CREDITORS Amounts falling due within one year 7 (239) NET CURRENT ASSETS 181,766 TOTAL ASSETS LESS CURRENT LIABILITIES 181,766 NET ASSETS 181,766 FUNDS 8 Unrestricted funds 181,766 TOTAL FUNDS 181,766 |
2019 Total funds £ 110,594 (240) 110,354 110,354 110,354 110,354 110,354 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. signed on its behalf by:
............................................. M Z Hafiz - Trustee
The notes form part of these financial statements
Page 6
MOUNTAIN OF MERCY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
historical cost convention.
Income
that the income will be received and the amount can be measured reliably.
Expenditure
allocated to activities on a basis consistent with the use of resources.
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.
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.
2. DONATIONS AND LEGACIES
| Donations CHARITABLE ACTIVITIES COSTS Provision of Services Management & Administration |
Direct Costs £ 176,434 - 176,434 |
2020 £ 249,099 Support costs (see note 4) £ - 1,253 1,253 |
2019 £ 192,720 |
|---|---|---|---|
| Totals £ 176,434 1,253 |
|||
| 177,687 |
3. CHARITABLE ACTIVITIES COSTS
continued...
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MOUNTAIN OF MERCY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020
4. SUPPORT COSTS
| 4. | SUPPORT COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| Management | costs | Totals | ||
| £ | £ | £ | ||
| Management & Administration | 1,013 | 240 | 1,253 | |
| Support costs, included in the above, are as follows: | ||||
| Management | ||||
| 2020 | 2019 | |||
| Management | Total | |||
| & Administration | activities | |||
| £ | £ | |||
| Advertising | 30 | - | ||
| Repair & Renewal | 160 | - | ||
| Bank charges | 823 | 1,190 | ||
| 1,013 | 1,190 | |||
| Governance costs | ||||
| 2020 | 2019 | |||
| Management | Total | |||
| & Administration | activities | |||
| £ | £ | |||
| Accountancy and legal fees | 240 | 240 | ||
| 5. | TRUSTEES' REMUNERATION AND BENEFITS | |||
| There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019. | ||||
| Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 192,720 |
| EXPENDITURE ON | |
| Charitable activities | |
| Provision of Services | |
| 174,692 | |
| Management & Administration | 1,430 |
| Total | 176,122 |
| NET INCOME | 16,598 |
continued...
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MOUNTAIN OF MERCY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Unrestricted fund £ 93,756 110,354 2020 2019 £ £ 239 240 Net movement At At 1/8/19 in funds 31/7/20 £ £ £ 110,354 71,412 181,766 110,354 71,412 181,766 Incoming Resources Movement resources expended in funds £ £ £ 249,099 (177,687) 71,412 249,099 (177,687) 71,412 Net movement At At 1/8/18 in funds 31/7/19 £ £ £ 93,756 16,598 110,354 93,756 16,598 110,354 |
|---|---|
continued...
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MOUNTAIN OF MERCY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 192,720 192,720 |
Resources Movement expended in funds £ £ (176,122) 16,598 (176,122) 16,598 |
Resources Movement expended in funds £ £ (176,122) 16,598 (176,122) 16,598 |
|---|---|---|---|
| 16,598 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1/8/18 in funds £ £ 93,756 88,010 93,756 88,010 |
At 31/7/20 £ 181,766 |
|---|---|---|
| 181,766 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 441,819 441,819 |
Resources Movement expended in funds £ £ (353,809) 88,010 (353,809) 88,010 |
Resources Movement expended in funds £ £ (353,809) 88,010 (353,809) 88,010 |
|---|---|---|---|
| 88,010 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2020.
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MOUNTAIN OF MERCY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Project construction costs Support costs Management Advertising Repair & Renewal Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2020 £ 249,099 249,099 176,434 30 160 823 1,013 240 177,687 71,412 |
2019 £ 192,720 |
|---|---|---|
| 192,720 174,692 - - 1,190 |
||
| 1,190 240 |
||
| 176,122 | ||
| 16,598 |
This page does not form part of the statutory financial statements
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