REGISTERED COMPANY NUMBER: 05537435 (England and Wales) REGISTERED CHARITY NUMBER: 1111768
Report of the Trustees and
Financial Statements
for the Year Ended 31 August 2020
for
Global Disaster Relief Fund
Global Disaster Relief Fund
Contents of the Financial Statements for the Year Ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Statement of Financial Position | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
Global Disaster Relief Fund (Registered number: 05537435)
Report of the Trustees
for the Year Ended 31 August 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. 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).
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and administrative details
Registered Company number
05537435 (England and Wales)
Registered Charity number
1111768
Registered office
110 Alperton Lane Wembley Middlesex HA0 1HD
Trustees
A K Sharma Accountant M J Westney Company Director
Company Secretary
CPL Audit Ltd
Approved by order of the board of trustees on 25 May 2021 and signed on its behalf by:
A K Sharma - Trustee
Page 1
Global Disaster Relief Fund
Statement of Financial Activities
for the Year Ended 31 August 2020
| 31.8.20 | 31.8.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| Income and endowments from | |||||
| Voluntary income | 20,842 | 4,987 | 25,829 | 23,450 | |
| Expenditure on | |||||
| Charitable activities | |||||
| Governance costs | 4,000 | - | 4,000 | 3,500 | |
| Costs of generating funds | 16,718 | 4,017 | 20,735 | 19,181 | |
| Total | 20,718 | 4,017 | 24,735 | 22,681 | |
| NET INCOME | 124 | 970 | 1,094 | 769 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 3,327 | 2,342 | 5,669 | 4,900 | |
| Total funds carried forward | 3,451 | 3,312 | 6,763 | 5,669 |
The notes form part of these financial statements
Page 2
Global Disaster Relief Fund (Registered number: 05537435)
Statement of Financial Position
31 August 2020
| 31.8.20 | 31.8.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Cash at bank and in hand | 3,451 | 3,312 | 6,763 | 5,669 | |
| Net current assets | 3,451 | 3,312 | 6,763 | 5,669 | |
| Total assets less current liabilities | 3,451 | 3,312 | 6,763 | 5,669 | |
| NET ASSETS | 3,451 | 3,312 | 6,763 | 5,669 | |
| Funds | 4 | ||||
| Unrestricted funds | 3,451 | 3,327 | |||
| Restricted funds | 3,312 | 2,342 | |||
| Total funds | 6,763 | 5,669 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 May 2021 and were signed on its behalf by:
A K Sharma - Trustee
The notes form part of these financial statements
Page 3
Global Disaster Relief Fund
Notes to the Financial Statements for the Year Ended 31 August 2020
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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 corporation 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. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Page 4
continued...
Global Disaster Relief Fund
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
| 3. | Comparatives for the statement of financial activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| Income and endowments from | |||||
| Voluntary income | 20,388 | 3,062 | 23,450 | ||
| Expenditure on | |||||
| Charitable activities | |||||
| Governance costs | 3,500 | - | 3,500 | ||
| Costs of generating funds | 16,281 | 2,900 | 19,181 | ||
| Total | 19,781 | 2,900 | 22,681 | ||
| NET INCOME | 607 | 162 | 769 | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 2,720 | 2,180 | 4,900 | ||
| Total funds carried forward | 3,327 | 2,342 | 5,669 | ||
| 4. | Movement in funds | ||||
| Net | |||||
| movement | At | ||||
| At 1.9.19 | in funds | 31.8.20 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| Unrestricted fund | |||||
| 3,327 | 124 | 3,451 | |||
| Restricted funds | |||||
| Restricted fund | 2,342 | 970 | 3,312 | ||
| TOTAL FUNDS | 5,669 | 1,094 | 6,763 |
Page 5
continued...
Global Disaster Relief Fund
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
4. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Incoming | Incoming | Resources | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Unrestricted fund | ||||
| 20,842 | (20,718) | 124 | ||
| Restricted funds | ||||
| Restricted fund | 4,987 | (4,017) | 970 | |
| TOTAL FUNDS | 25,829 | (24,735) | 1,094 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At | 1.9.18 | in funds | 31.8.19 | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Unrestricted fund | ||||
| 2,720 | 607 | 3,327 | ||
| Restricted funds | ||||
| Restricted fund | 2,180 | 162 | 2,342 | |
| TOTAL FUNDS | 4,900 | 769 | 5,669 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Unrestricted fund | ||||
| 20,388 | (19,781) | 607 | ||
| Restricted funds | ||||
| Restricted fund | 3,062 | (2,900) | 162 | |
| TOTAL FUNDS | 23,450 | (22,681) | 769 |
Page 6
continued...
Global Disaster Relief Fund
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
4. Movement in funds - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.18 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Unrestricted fund | |||
| 2,720 | 731 | 3,451 | |
| Restricted funds | |||
| Restricted fund | 2,180 | 1,132 | 3,312 |
| TOTAL FUNDS | 4,900 | 1,863 | 6,763 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Unrestricted fund | |||
| 41,230 | (40,499) | 731 | |
| Restricted funds | |||
| Restricted fund | 8,049 | (6,917) | 1,132 |
| TOTAL FUNDS | 49,279 | (47,416) | 1,863 |
5. Related party disclosures
There were no related party transactions for the year ended 31 August 2020.
Page 7