Charity Registration No. 1121584 **----- Start of picture text -----**
Mercy Rescue Trust
Financial Statements
For Year Ended 31 March 2024
**----- End of picture text -----**
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 2024 The trustees have pleasure in presenting their report and the Financial Statements of the Charity for the year ended 31 March 2024. ## Reference and Administraton 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: 1. The charity is operating efficiently and effectively; 2. Assets are safeguarded against unauthorised use or disposition; 3. Proper records are maintained and financial information used within the charity for publication is reliable. 4. The charity complies with relevant laws and regulations; 5. The systems of control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. These include: - a) Regular consideration by the Trustees of the financial results; - b) Delegated authority and segregation of duties; - c) Identification and management of risks. Page 2 ## Objectves & Actvites 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 2024, 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 £19999 in the year to 31 March 2024 compared with an outflow of £12676 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 31st Dec 2024 31st Dec 2024 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 2024. Which are set out on pages 4 – 7. ## Respectve responsibilites 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: - 1) which gives me reasonable cause to believe there is any material shortfall in the accounting records. - 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 31st Dec 2024 MERCY RESCUE TRUST |STATEMENT OF FINANCIAL ACTIVITES
FOR THE YEAR ENDED 31 MARCH 2024
Incoming
Resources
Income – Standing
Orders/Gif Aid
Fund Raising Income &
Donatons Received
Transfer
Total Incoming Resources’
Resources Expended
Cost of Generatng Funds
Charitable
Actvites Kenya
Charitable Actvity
UK
Governance Costs
Transfer
Total Resources Expended
General Fund Brought
Forward
Funds carried Forward|Note|General
Restricted
Fund
Fund
£
£
65795
0
60524
0|General
Restricted
Fund
Fund
£
£
65795
0
60524
0|| |---|---|---|---|---| |||126319
|0|| |||2240

93026

10450
604

0|0
0
0|| |||106320
|0|| |||4737
|0|| |||24736
|0|| |MERCY RESCUE TRUST
BALANCE SHEET AS AT 31 MARCH 2024
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 31stDec 2024|Note|General
Restricted
2024
Fund
Fund
Total
£
£
£
24736
-
24736
150829
150829
0
-
24736
150829
175565
24736
150829
175565|Page 5
2023
Total
£
4737
150829| |---|---|---|---| ||||155566| ||||155566| ||||| Treasurer Trustee MERCY RESCUE TRUST Page 6 ## NOTES TO THE ACCOUNTS ## FOR YEAR ENDED 31 MARCH 2024 ## 1. Accountng 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) Accountng Conventon 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 2024 |NOTES TO THE ACCOUNTS (Cont.)
FOR THE YEAR ENDED 31 MARCH 2024||||| |---|---|---|---|---| |2.Kitale Income & Expenditure
(Revenue)
Cash on Hand B/f
Income
Transfers from UK
Local Donatons/Income
Expenditure
Salaries & Staf Support
Utlites & Maintenance
Food
Hygene & Medical
Educaton
Travel
Home Based care
Bank Charges & Exchange Losses
Administraton Expenses
Preschool Expenditure
Staf Foster Program
Cash/Bank on Hand C/f
3. Governance Costs
Independent Examinaton|General
Restricte
d
Fund
Fund
£
£
7286|||2023
Total
£
8381| ||93026
3523||97171
3927
101098|| ||96549|||| ||47454
7189
11173
11248
9521
5712
899
731
1157
2715|
47454
7189
11173
11248
9521
5712
899
731
1157
2715
97799
6036
0|53979
5192
9613
11184
12508
3749
2026
604
1715
1623|| ||97799||102193|| ||6036
0||7286
0|| The Average number of employees in the UK during the year was 0 (2023:0). The average number employed in Kenya was 21(2023:21). No employees earned £50,000 or more in the year.