GLOBAL HELP
Charity Registration Number: 1115857
Report of the Trustees and Unaudited Financial Statements
Period of Accounts
Start date: 11[th] October 2022
End date: 10[th] October 2023
GLOBAL HELP
Contents of the Financial Statements for the Period Ended 10[th] October 2023
| Page | |
|---|---|
| Charity Information | 3 |
| Report of the Trustees | 4 to 5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 to 8 |
| Notes to the Financial Statements | 9 |
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Charity Information for the Period Ended 10[th] October 2023 Trustees: Mr. Mohammed Ramzan. Mr. Riafakat Ali Khan. Mr. Mohammed Fiazan. Charity Number: 1115857 Registered Address: 452 Stratford Road Sparkhill Birmingham B11 4AE Bankers: Barclays Bank Birmingham Independent Examiners: A-Z Chartered Certified Accountant 17 School Road, Birmingham B28 8JG
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GLOBAL HELP
Report Of The Trustees For The Period Ended 10[th] October 2023
The Trustees present their report with the financial statements of the Charitable Foundation for the period ended 10[th] October 2023
Objective of the Charitable Foundation
The objective of the charity is that of:-
The charity has continued to give donations to local community and voluntary education centers in the UK, Pakistan & Bangladesh to assist them with their community work.
In addition the charity’s work has been to distribute funds to needy and destitute families in Pakistan & Bangladesh. Pakistan & Bangladesh have no social welfare system and a large proportion of the population exits in poverty and has no access to healthcare or any other social care facilities. In additions widows often have no source of income and are therefore open to exploitation. Orphans are left by society to fend for themselves.
The charity has assisted people by giving donations to the needy assisting families and orphans based on local assessment of their needs, whether for access to healthcare or other needs.
The charity has continued to use local volunteers to ensure that it has been able to help the most in need families.
Main Activities.
The charity has continued to give donations to local community and voluntary education centers in the UK, Pakistan & Bangladesh to assist them with their community work as well as helping the poor & needy.
Donations.
During the period the Trust received donations of £160,957.
Investments
During the period under review, the Trust did not make any investments.
Charitable Activities.
During the period under review, the Trust continues to engage in activities to promote the objectives set out in the Memorandum.
Risk Management.
The trustees regularly review potential and contingent operational risks to which the Charity could be exposed to, particularly monitoring its activities and participants.
Preparation of Financial Statements.
The financial statements have been prepared in accordance with the accounting policies set out in ‘Note 1’ Charities Act 2006 and the Statement Of Recommended Practice “Accounting for Charities” issued in March 2005.
Trustees
The Trustees who have served the Foundation during the period were:
Mr. Mohammed Ramzan, Mr.Riafakat Ali Khan, Mr.Mohammed Fiazan.
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GLOBAL HELP
Report Of The Trustees For The Period Ended 10[th] October 2023
Trustees Responsibilities .
Laws applicable to charities in England and Wales require the Trust to prepare financial statements for each financial year which give a true and fair view of the Foundation’s financial statements. The Trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently:
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make judgments and estimates that are reasonable and prudent:
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state whether applicable accounting standards and the recommendations of the Statement Of Recommended Practice “Accounting by Charities” issued in March 2005 have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 1993, Statement Of Recommended Practice “Accounting by Charities” issued in March 2005, and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and irregularities.
Disclosure of information to Independent Examiner
So far as the Trustees are aware, there is no relevant information of which the Charity’s independent examiner is unaware.
The Trustees have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the Charity’s independent examiner is aware of that information.
26/06/2024 APPROVED BY THE BOARD OF TRUSTEES ON ……………………………
SIGNED ON BEHALF OF THE BOARD OF TRUSTEES BY:
………………………………………..
Name: Mr. Mohammed Ramzan Status: Chair of Trustees
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GLOBAL HELP
Independent Examiners Report to The Trustees of Global Help For The Period Ended 10[th] October 2023
We report on the accounts of the Trust for the year ended 10[th ] October 2023, which are set out on pages 7 to 12.
Respective Responsibilities of Trustees and Independent Examiner.
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year (under section 42(2) of the Charities Act 1993 (the 1993 Act, as amended by the Charities Act 2006) and that an independent examination is needed.
It is our responsibility to:
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Examine the accounts (under section 43(3) of the 1993 Act)
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act; and
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To state whether particular matter have come to our attention.
Basis of Independent Examiner’s Report.
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement.
In connection with my examination, no matter has come to our attention which gives us reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with s.41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met.
No other matter has come to our attention with our examination to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Zeeshan Ashraf (ACCA), Abdul Mohammed (ACCA).
A-Z Chartered Certified Accountants,
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Statement Of Financial Activities For The Period Ended 10[th] October 2023
Income & Expenditure Account.
| 2023 | 2022 | |
|---|---|---|
£ |
£ |
|
| Incoming Resources | ||
| Donations Received |
160,957 | 154,983 |
| Total Incoming Resources |
160,957 | 154,983 |
| Resources Expended | ||
| Distribution in accordance with aims |
159,332 | 152,936 |
| Expenses | 5,582 | 5,147 |
| Total Resources Expended |
164,914 | 158,083 |
| Surplus/(Deficit) for the year | (3,957) | (3,100) |
| Funds Bought Forward | 81,875 | 84,975 |
| Funds Carried Forward |
77,918 |
81,875 |
The notes form part of these financial statements
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GLOBAL HELP
Statement Of Financial Activities For The Period Ended 10[th] October 2023
----- Start of picture text -----
Balance Sheet
Notes 2023 2022
£ £
Fixed assets
Tangible fixed assets: 1 240,000 240,000
Total fixed assets: 240,000 240,000
Current assets
Cash at bank and in hand: 7,918 11,875
Total current assets: 7,918 11,875
Creditors
Creditors - amounts falling
greater than one year: 2 (170,000) (170,000)
Net current assets: (162,082) (158,125)
Total assets less current
liabilities: (162,082) (158,125)
Net assets: 77,918 81,875
Funds of the Charity
Surplus/(Deficit) Reserve 3 77,918 81,875
Net assets: 77,918 81,875
----- End of picture text -----
The notes form part of these financial statements
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GLOBAL HELP
Statement Of Financial Activities For The Period Ended 10[th] October 2023
26/06/2024 APPROVED BY THE BOARD OF TRUSTEES ON…………………………………
SIGNED ON BEHALF OF THE BOARD OF TRUSTEES BY:
………………………………………..
Name: Mr. Mohammad Ramzan Status: Chair of Trustees
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GLOBAL HELP Notes to the Financial Statements For The Period Ended 10[th] October 2023
1. Accounting Policies
Accounting Convention
The principal accounting policies are summarized below. The accounting policies have been applied consistently throughout the year and in dealing with items which are considered material to the charity’s financial statements.
Basis of Preparation
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007), the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 1985 .
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations & gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services or its beneficiaries.
Investment
Fixed asset investments are revalued annually by trustees on an open market basis. No depreciation is provided on properties or on leasehold investment properties where the unexpired lease term exceeds 20 years.
Donations Paid
The financial statements reflect donation on the basis of actual receipt and payment made during the period under review.
Taxation
No provision has been made for taxation on the basis that the charity has been granted exemption from tax under ‘S505 Income and Corporation Taxes Act 1988.
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GLOBAL HELP Notes to the Financial Statements For The Period Ended 10[th] October 2023
1. Tangible Fixed Assets
Land & Building £ Cost/Valuation At 11[th] October 2022 240,000 Additions 0 At 10[th] October 2023 240,000 Depreciation At 11[th] October 2022 0 Charge for year 0 At 10[th] October 2023 0 Net Book Value At 10[th] October 2023 240,000
2. Creditors: Amount falling due within one year
2023 2022 £ £ Private Loans 170,000 170,000 As at 10[th] October 2021 170,000 170,000 6. Funds of the Charity 2023 2022 £ £ Surplus/ Deficit for the year (3,957) (3,100) Funds brought forward 81,875 84,975 Fund carried forward 77,918 81,875
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