**REGISTERED CHARITY NUMBER: 1110463**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 July 2024**
## **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 2024**
|||**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|11|
|**Detailed Statement of Financial Activities**||12||
**MOUNTAIN OF MERCY**
## **Report of the Trustees FOR THE YEAR ENDED 31 JULY 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. 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**
## **Objectives and aims**
The objects of the Charity are:
1. The relief of financial need and suffering amongst victims of natural or other kinds of disaster and trouble in the form of money (or other means deemed suitable).
2. The advancement of education, in particular for young people of all religions and ethnic backgrounds.
3. To help young people develop their physical, mental, spiritual and moral capacities so they mature as individuals with opportunities to excel in society.
## **Main activities**
## **How our activities deliver public benefit**
The charity carries out a range of activities in accordance with its charitable aims. The trustees consider these activities summarised 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
> The relief of financial need and suffering amongst victims of natural or other kinds of disaster and trouble in the form of money (or 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**
Many volunteers give up their time to help out the charity, particularly at the weekend and in the evenings to help with collecting 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 2024**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
During the year, the charity undertook the following projects and activities:
> The ongoing construction of Water wells in various locations of Sri Lanka, at Pealed, Welshmen, Giotto, Pandoura, Kuchen's and 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**
We plan to consolidate our current success and make our services available to a wider range of people. We also plan to look into further projects which will help us to fulfil our aims and objectives.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Mountain of Mercy is constituted under a Trust Deed adopted on the 20th February 2005. Mountain of Mercy was registered as a 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
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1110463
Page 2
**MOUNTAIN OF MERCY**
## **Report of the Trustees FOR THE YEAR ENDED 31 JULY 2024**
**Principal address** Regent House Regent Street Blackburn Lancashire BB1 6BH
## **Trustees**
M Z Hafiz F A Patel Miss F Ahmed
## **Independent Examiner**
Shamim Mahomed 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 10 March 2025 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 2024.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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.
Shamim Mahomed The Institute of Chartered Accountants in England and Wales
SKM Chartered Accountants
Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
10 March 2025
Page 4
**MOUNTAIN OF MERCY**
## **Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2024**
|2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
418,237
**EXPENDITURE ON**
**Charitable activities**
3
Provision of Services
368,733
Management & Administration
5,801
**Total**
374,534
**NET INCOME**
43,703
**RECONCILIATION OF FUNDS**
Total funds brought forward
157,194
**TOTAL FUNDS CARRIED FORWARD**
200,897|2023
Total
funds
£
346,991|
|---|---|
||309,961
835|
||310,796|
||36,195
120,999|
||157,194|
The notes form part of these financial statements
Page 5
## **MOUNTAIN OF MERCY**
## **Balance Sheet 31 JULY 2024**
|2024
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
7
28
Cash at bank
201,229
201,257
**CREDITORS**
Amounts falling due within one year
8
(360)
**NET CURRENT ASSETS**
200,897
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
200,897
**NET ASSETS**
200,897
**FUNDS**
9
Unrestricted funds
200,897
**TOTAL FUNDS**
200,897|2023
Total
funds
£
-
157,554
157,554
(360)
157,194
157,194
157,194
157,194
157,194|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 March 2025 and were 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 2024**
## **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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been 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.
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.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid|2024
£
400,685
17,552
418,237|2023
£
346,991
-|
|---|---|---|
|||346,991|
continued...
Page 7
**MOUNTAIN OF MERCY**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024**
## **3. CHARITABLE ACTIVITIES COSTS**
|Support
Direct
costs (see
Costs
note 4)
£
£
Provision of Services
368,733
-
Management & Administration
-
5,801
368,733
5,801
**4.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Management & Administration
5,441
360
Support costs, included in the above, are as follows:
**Management**
2024
Management
& Administration
£
Advertising
3,758
Bank charges
1,683
5,441
**Governance costs**
2024
Management
& Administration
£
Accountancy and legal fees
360|Totals
£
368,733
5,801|
|---|---|
||374,534|
||Totals
£
5,801
2023
Total
activities
£
105
475
580
2023
Total
activities
£
360|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
continued...
Page 8
**MOUNTAIN OF MERCY**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024**
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Provision of Services
Management & Administration
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**9.**
**MOVEMENT IN FUNDS**
At 1/8/23
£
**Unrestricted funds**
General fund
157,194
**TOTAL FUNDS**
157,194|Unrestricted
fund
£
346,991
309,961
835
310,796
36,195
120,999
157,194
2024
2023
£
£
28
-
2024
2023
£
£
360
360
Net
movement
At
in funds
31/7/24
£
£
43,703
200,897
43,703
200,897|
|---|---|
continued...
Page 9
**MOUNTAIN OF MERCY**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
418,237
418,237|Resources
Movement
expended
in funds
£
£
(374,534)
43,703
(374,534)
43,703|Resources
Movement
expended
in funds
£
£
(374,534)
43,703
(374,534)
43,703|
|---|---|---|---|
||||43,703|
## **Comparatives for movement in funds**
|At 1/8/22
£
**Unrestricted funds**
General fund
120,999
**TOTAL FUNDS**
120,999
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
346,991
**TOTAL FUNDS**
346,991|Net
movement
At
in funds
31/7/23
£
£
36,195
157,194
36,195
157,194
Resources
Movement
expended
in funds
£
£
(310,796)
36,195
(310,796)
36,195|At
31/7/23
£
157,194|
|---|---|---|
|||157,194|
|||36,195|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/8/22
£
120,999
120,999|Net
movement
in funds
£
79,898
79,898|At
31/7/24
£
200,897|
|---|---|---|---|
||||200,897|
continued...
Page 10
**MOUNTAIN OF MERCY**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2024**
## **9. MOVEMENT IN FUNDS - continued**
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
£
765,228
765,228|Resources
Movement
expended
in funds
£
£
(685,330)
79,898
(685,330)
79,898|
|---|---|---|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2024.
Page 11
**MOUNTAIN OF MERCY**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Project construction costs
Sundry expenses
**Support costs**
**Management**
Advertising
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2024
£
400,685
17,552
418,237
418,237
368,483
250
368,733
3,758
1,683
5,441
360
374,534
43,703|2023
£
346,991
-|
|---|---|---|
|||346,991|
|||346,991
309,856
-|
|||309,856
105
475|
|||580
360|
|||310,796|
|||36,195|
This page does not form part of the statutory financial statements
Page 12