Charity Registration No. 1121584
Mercy Rescue Trust Financial Statements For Year Ended 31 March 2023
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 2022
The trustees have pleasure in presenting their report and the Financial Statements of the Charity for the year ended 31 March 2022.
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 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;
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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 2022, 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 outflow of resources of £12676 in the year to 31 March 2022 compared with an inflow of £1756 in the previous year. The Trustees recognise new demands on charity resources with the increasing costs in Kenya and increasing domestic demands on UK donors. 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
30[th] Sept 2023
30[th] Sept 2023
Page 3
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF MERCY RESCUE TRUST
I report on the accounts of the Charity for the year ended 31 March 2022. 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
30[th] September 2023
MERCY RESCUE TRUST
| MERCY RESCUE TRUST | |||||
|---|---|---|---|---|---|
| Page 4 | |||||
| STATEMENT OF FINANCIAL ACTIVITES | |||||
| FOR THE YEAR ENDED 31 MARCH 2022 | |||||
| General | Restricted | 2023 | 2022 | ||
| Fund | Fund | Total | Total | ||
| Note | £ | £ | £ | £ | |
| Incoming | |||||
| Resources | |||||
| Income – Standing | |||||
| Orders/Gift Aid | 54291 | 0 | 54291 | 55183 | |
| Fund Raising Income & | |||||
| Donations Received | 46095 | 0 | 46095 |
36738 | |
| Transfer | |||||
| Total Incoming Resources’ | 100386 | 0 | 100386 |
91921 | |
| Resources Expended | |||||
| Cost of Generating Funds | 953 | 0 | 953 | 521 | |
| Charitable | |||||
| Activities Kenya | 97172 | 0 | 97172 | 78014 | |
| Charitable Activity | |||||
| UK | 14560 | 14560 | 11630 | ||
| Governance Costs | 377 | 0 | 377 | 0 | |
| Transfer | 0 | ||||
| Total Resources Expended | 113062 | 0 | 113062 | 90165 | |
| General Fund Brought | |||||
| Forward | 17413 | 0 | 17413 | 15657 | |
| Funds carried Forward | 4737 | 0 | 4737 | 17413 |
| MERCY RESCUE TRUST BALANCE SHEET AS AT 31 MARCH 2022 CURRENT ASSETS Cash at Bank & in hand House at Meru Farm LESS: CREDITORS Due within one year NET ASSETS Financed By: RESERVES Accumulated Fund/Asset Approved on 30 Sept 2023 |
Note | General Restricted 2023 Fund Fund Total £ £ £ 4737 - 4737 150829 150829 0 - 4737 150829 155566 4737 150829 155566 |
Page 5 2022 Total £ 17413 150829 |
|---|---|---|---|
| 168242 | |||
| 168242 | |||
Treasurer Trustee
Page 6
MERCY RESCUE TRUST
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 MARCH 2022
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.
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 in Kenya are in 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 the house at Meru Farm.
MERCY RESCUE TRUST
Page 7
NOTES TO THE ACCOUNTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2022
| NOTES TO THE ACCOUNTS (Cont.) FOR THE YEAR ENDED 31 MARCH 2022 |
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|---|---|---|---|---|---|
| 2.Kitale Income & Expenditure (Revenue) Cash on Hand B/f Income Transfers from UK Local Donations/Income Expenditure Salaries & Staff Support Utlities & Maintenance Food Hygene & Medical Education Travel Home Based care Bank Charges & Exchange Losses Administration Expenses Preschool Expenditure Staff Foster Program Cash/Bank on Hand C/f 3. Governance Costs Independent Examination |
General Restricted Fund Fund £ £ 8381 |
2022 Total £ 5211 |
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| 97171 3927 |
78014 743 78757 |
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| 101098 | |||||
| 53979 5192 9613 11184 12508 3749 2026 604 1715 1623 |
53979 5192 9613 11184 12508 3749 2026 604 1715 1623 102193 7286 0 |
37218 2015 7594 8850 10517 1948 2174 276 1189 3369 |
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| 102193 | 75150 | ||||
| 7286 0 |
8381 0 |
The Average number of employees in the UK during the year was 0 (2021:0). The average number employed in Kenya was 21(2021:21). No employees earned £50,000 or more in the year.