**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).
2. 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.
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**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
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**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:
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 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.
Page 10
**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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