Charity Registration No. 1121584
Mercy Rescue Trust Financial Statements For Year Ended 31 March 2021
Contents:
Page 1-2 Trustees Report Page 3 Independent Examiners Report Page 4 Statement of Financial Activities Page 5 Balance Sheet Page 6-7 Notes to the Accounts
Peter White, St Lucia, Chycoose, Devoran, TR3 6NU
Page 1
Mercy Rescue Trust
Trustees Report for the Year Ended 31
March 2021
The trustees have pleasure in presenting their report and the Financial Statements of the Charity for the year ended 31 March 2021.
Reference and Administration Details
The Trust is a Registered Charity no. 1121584. For correspondence purposes, the address is Mercy Rescue Trust, c/o Mrs Clare Jenkins, Tremethick, Grampound, Truro, TR2 4RU.
The charity trustees for the year were as follows:
Mr Tim Curnock Mrs Clare Jenkins Miss Kelly Gliszczyuski Mr Neil Bridle Mr M Allen
Structure, Governance and Management
The governing document of the charity is a Trust Deed dated 1 November 2007. New trustees are appointed by the existing trustees as required.
Reasonable steps have been taken to ensure the prevention and detection of fraud and other regularities and to provide reasonable assurance that:
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The charity is operating efficiently and effectively;
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Assets are safeguarded against unauthorised use or disposition;
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Proper records are maintained and financial information used within the charity or for publication is reliable.
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The charity complies with relevant laws and regulations;
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The systems of control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. These include:
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a) Regular consideration by the Trustees of the financial results; b) Delegated authority and segregation of duties;
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c) Identification and management of risks.
Objectives & Activities
Page 2
The Charities objectives are to relieve poverty and sickness and to advance the education of children; in particular, but not exclusively, by supporting the work of the baby rescue centre in Kitale.
Achievement and Performance
Throughout the year to 31 March 2021, the Charities activities were focussed on supporting the baby rescue centre in Kitale, Kenya. Many babies have been rescued and given food, shelter and medical care, leading in most cases to fostering in the community or adoption. Some older children are also resident in the home and educated in the local schools.
Financial Review
As shown in the Statement of Financial Activities, there was a net inflow of resources of £2254 in the year to 31 March 2021 compared with an inflow of £3901 in the previous year. The Trustees consider this to be satisfactory given the regular income and fundraising plans for 2021/2022. The Trustees regularly review the reserves of the charity to ensure that sufficient liquid funds are available to meet ongoing commitments.
On behalf of the Trustees
Trustee
Trustee
25[th] January 2022
25[th] January 2022
INDEPENDENT EXAMINERS REPORT
Page 3
TO THE TRUSTEES OF MERCY RESCUE TRUST
I report on the accounts of the Charity for the year ended 31 March 2021. Which are set out on pages 4 – 7.
Respective responsibilities of trustees and independent examiner
The Charities Trustees are responsible for the preparation of the accounts Charities Act 2011.
Basis of independent examiners report
My examination was carried out in accordance with the General Directions given by the Charities 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiners statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe there is any material shortfall in the accounting records.
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2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached .
Peter White, St Lucia, Chycoose, Devoran, TR3 6NU
25 January 2022
MERCY RESCUE TRUST
Page 4
STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2021
| STATEMENT OF FINANCIAL ACTIVITES |
||||||
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2021 |
||||||
| Gener al Restrict ed |
2021 | 2020 | ||||
| Fund | Fund | Total | Total | |||
| Not e |
£ | £ | £ | £ | ||
| Incoming Resources |
||||||
| Regular Income |
44210 0 |
4421 0 |
62941 | |||
| Fund Raising Income & Donations Received |
28203 0 |
2820 3 |
20481 | |||
| Transf er |
||||||
| Total Incoming Resources’ |
72413 0 |
7241 3 |
83422 | |||
| Resources Expended | ||||||
| Cost of Generating Funds |
387 0 |
387 | 2638 | |||
| Charitable Activities Kenya |
61572 0 |
6157 2 |
68930 | |||
| Charitable Activity UK |
8200 | 8200 | 7953 | |||
| Governance Costs |
0 0 |
0 | 0 | |||
| Transf er |
0 | |||||
| Total Resources Expended |
70161 0 |
7016 1 |
79521 | |||
| General Fund Brought Forward |
13403 0 |
1340 3 |
9502 | |||
| Funds carried Forward |
15657 0 |
1565 7 |
13403 |
| MERCY RESCUE TRUST | ||||||
|---|---|---|---|---|---|---|
| Page 5 |
||||||
| BALANCE SHEET AS AT 31 MARCH 2021 |
||||||
| Gener al Restrict ed |
2021 | 2020 | ||||
| Fund | Fund | Total | Total | |||
| Not e |
£ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at Bank & in hand | 15657 | - | 1565 7 |
13043 | ||
| House at Meru Farm | 150829 1508 29 |
15082 9 |
||||
| LESS: CREDITORS | ||||||
| Due within oneyear | 0 - |
|||||
| NET ASSETS | 15657 150829 1664 86 |
16387 2 |
||||
| Financed By: | ||||||
| RESERVES | ||||||
| Accumulated Fund/Asset | 15657 15082 9 1664 86 |
16387 2 |
||||
| Approved on 25 January 2022 |
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| Treasurer | ||||||
| Trustee |
MERCY RESCUE TRUST
Page 6
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 MARCH 2021
1. Accounting Policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Charity’s Financial Statements.
a) Accounting Convention
The Financial Statements are prepared on an Income & Expenditure basis, and in accordance with applicable accounting standards: Accounting by Charities, published by the Charities Commission March 2005.
b) Income
Standing order and Restricted income includes Gift Aid repayments.
c) Expenditure
The costs of generating funds are costs incurred in promoting the Charity and its work. Charitable Activities Expenditure comprises all expenditure directly related to the Charity’s objects. Governance costs are incurred in complying with constitutional and statuary requirements.
d) Expenditure in Kitale, Kenya
All expenses are in Kenyan Shillings (KSH) and will be subject to the fluctuations in the exchange rate. The Kitale expenditure on page 7 is expressed in £ using an average exchange rate. Data excludes capital expenditure on house at Meru Farm.
Page 7
MERCY RESCUE TRUST NOTES TO THE ACCOUNTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2021
| NOTES TO THE ACCOUNTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2021 |
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|---|---|---|---|---|---|---|
| Gener al Restrict ed |
2021 | 2020 | ||||
| 2.Kitale Income & Expenditure |
Fund | Fund | Total | Total | ||
| (Revenue) | £ | £ | £ | £ | ||
| Cash on Hand B/f | 2982 | 2982 | 4578 | |||
| Income | ||||||
| Transfers from UK | 61572 | 61572 | 68930 | |||
| Local Donations/Income | 1468 | 1468 | 2139 | |||
| 63040 | 68134 | |||||
| Expenditure | ||||||
| Salaries | 31094 | 31094 | 28897 | |||
| Utlities & Maintenance | 2992 | 2992 | 6090 | |||
| Food | 10262 | 10262 | 12097 | |||
| Hygene & Medical | 4789 | 4789 | 11951 | |||
| Education | 3242 | 3242 | 11234 | |||
| Travel | 2341 | 2341 | 2265 | |||
| Home Based care | 2364 | 2364 | 1265 | |||
| Bank Charges & Exchange Losses |
170 | 170 | 203 | |||
| Administration Expenses | 1613 | 1613 | 1046 | |||
| Preschool Expenditure | 1944 | 1944 | ||||
| 60811 | 60811 | 65240 | ||||
| Cash/Bank on Hand C/f |
5211 | 5211 | ||||
| 3. Governance Costs | ||||||
| Independent Examination | 0 | 0 | 0 | |||
| The Average number of employees in the UK during the year was 0 (2020 :0). |
The average number employed in Kenya was 15 (2020:15). No employees earned
£50,000 or more in the year.