REGISTERED CHARITY NUMBER: 1122046
ReportTrusteesof the and Unaudited Financial Statements for the Year Ended 31st December 2020 for Worldwide Mercy Trust
Cheney & Co 310 Wellingborough Road Northampton NN1 4EP
Mercy Worldwide Trust
Contents of the Financial Statements for the year ended 31st December 2020
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Report of the Trustees ; OZ
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11
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Mercy Worldwide Trust for the yearReportendedof the31stTrustDec e esmber 2020
The trustees present their report with the financial statements of the charity for the year ended 31st December 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The relief and assistance of people, including orphans and widows, in any part of the world, who are the victimsae of war or natural disaster, trouble, or catastrophe by such means deemed suitable. Significant activities alongDuringwiththe yearCovid the19 supportCharity'sandfocusassistancehas beenfor theto providelocal peopleeco friendlyof Luton.homes for the orphans and widows in; Pakistan;
Public benefit
The trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Charity's Statement of Financial Activity is showing net surplus of £7,594. As soon as the Covid 19 crisis started in March 2020, leaflets were distributed to local housing in Luton offering a Help line for the vulnerable and elderly. Most of the donations raised were spent on this but as the year continued, monies were raised for the Yemen crisis to provide a bakery and a water tower for those who do not have enough food or water following warfare in the villages.
FINANCIAL REVIEW
Reserves policy All funds have been received from donations. The Charity currently holds total funds of £12,898 but is looking to increase this amount so as to be able to continue with its work overseas. FUTURE PLANS The charity is looking to continue the work in forth coming years to assist victims of war or natural disaster wherever the need arises. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Recruitment and appointment of new trustees There must be at least four Trustees. Every Trustee will be a life member by a resolution of the Trustees passed at a special meeting every five years. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1122046
Principal address
95 Tomlinson Avenue Luton LU14 OQL
Trustees
F H Shah (resigned 15.7.2020) A Ali
U B Imtiaz AH Shah
Independent Examiner Cheney & Co 310 Wellingborough Road Northampton NN1 4EP
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Mercy Worldwide Trust
for the year ended 31st[December][ 2020]
Approved by order of the board of trustees on 25th October 2021 and signed on its behalf by
pas '
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Independent Examiner's Report to the Trustees of Mercy Worldwide Trust
independent examiner's report to the trustees of Mercy Worldwide Trust
| report to the charity trustees on my examination of the accounts of Mercy Worldwide Trust (the Trust) for the year ended 31st December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1; accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P A Cummings ACA Cheney & Co 310 Wellingborough Road Northampton NN1 4EP
25th October 2021
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MercyWorldwideTrust
n Fina | Activiti forth ren 1 r2
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|||||||||
|---|---|---|---|---|---|---|---|
|2020|2019|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|10,255|87,509|97,764|17,296|
|EXPENDITURE|ON|
|Charitable|activities|
|General|1,156|88,990|90,146|19,325|
|NET INCOME/(EXPENDITURE)|9,099|(1,481)|7,618|(2,029)|
|Transfers|between|funds|8|(1,048)|1,048|-|-|
|Net movement|in|funds|8,051|(433)|7,618|(2,029)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|(22,969)|28,273|5,304|7,333|
|TOTAL FUNDS CARRIED FORWARD|(14,918)|27,840|12,922|5,304|
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The notes form part of these financial statements
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| BalanceSheet | BalanceSheet | ||||
|---|---|---|---|---|---|
| 31st | December 2020 | ||||
| 2020 | 2018 | ||||
| Notes | Unrestricted fund £ |
Restricted funds £ |
Total funds £ |
Total funds £ |
|
| CURRENTASSETS Debtors Cashat bank |
5 6 |
- 11,113 |
25,023 2,817 |
25,023 13,930 |
25,023 6,312 |
| 11,113 | 27,840 | 38,953 | 31,335 | ||
| CREDITORS Amounts fallingduewithinone year |
7 | (26,031) | . | (26,031) | (26,031) |
| NETCURRENTASSETS/(LIABILITIES) | (14,918) | 27,840 | 12,922 | 5.304 | |
| TOTALASSETSLESSCURRENTLIABILITIES | (14,918) | 27,840 | 12,922 | 5,304 | |
| NETASSETS/(LIABILITIES) | (14,918) | 27,840 | 12,922 | 5,304 | |
| FUNDS | 8 | ||||
| Unrestricted funds | (14,918) | (22,969) | |||
| Restricted funds | 27,840 | 28,273 | |||
| TOTALFUNDS | 12,922 | 5,304 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25th October 2021 and were signed on its behalf by
A Ali - Trustee
The notes form part of these finanaal statements Page 5
4, ACCOUNTING POLICIES
2
Mercy Worldwide Trust Notes to the Financial Statements for the year ended 31st December 2020
Basis of preparing the financial statements The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view. This departure has involved following the 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The presentation currency of the financial statements is the Pound Sterling (£).
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 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.
Liabilities Creditors and provisions are recognised when a present obligation (legal or constructive) has arisen as a result of a past event (the obligating event) ; payment is probable and the amount can be estimated reliably.
The amount recognised as a provision is the best estimate of the expenditure required to settle the present obligation at the balance sheet date.
TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.
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M Worldwide T
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Notes to the Financial Statements - continued for the year ended 31st December 2020
| Notes to the Financial Statements - continuedcontinued for thethe year ended 31st December31st DecemberDecember 2020 |
Notes to the Financial Statements - continuedcontinued for thethe year ended 31st December31st DecemberDecember 2020 |
|||
|---|---|---|---|---|
| 3. | COMPARATIVES FORTHESTATEMENTOF FINANCIALACTIVITIES Unrestricted fund £ |
Restricted funds £ |
Total funds £ |
|
| INCOME ANDENDOWMENTS FROM Donationsandlegacies |
943 | 16,353 | 17,296 | |
| EXPENDITURE ON | ||||
| Charitable activities General |
2,940 | 16,385 | 19,325 | |
| NETINCOME/(EXPENDITURE) | (1,997) | (32) | (2,029) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds broughtforward | (20,972) | 28,305 | 7,333 | |
| TOTALFUNDSCARRIEDFORWARD | (22,969) | 28,273 | 5,304 | |
| 4. | INDEPENDENT EXAMINERS FEES | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Fees paid to the charity's accountant forthe independent examination ofthe charity's annual accounts |
£864 | £840 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Interfund loan | 25,023 | 25,023 | ||
| 6. | CASH AT BANK | |||
| Cash at bank and in hand is held to meet short term cash commitments as they | fall due and includes all cash | |||
| equivalents held in the form of short term highly liquid investments. | A cash equivalent will normally | have a_ short |
||
| maturity date of, say, three months from the date of acquisition. | ||||
| KE | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Othercreditors | 26,031 | 26,031 |
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Mercy Worldwide Trust
Notes to the Financial Statements - continued for the year ended 31st December 2020
8. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| At 1.1.20 | Net movement in funds |
Transfers between funds |
At 31.12.20 |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | (22,969) | 9,099 | (1,048) | (14,918) |
| Restricted funds | ||||
| Pakistan Orphanage Project | 25,305 | (59) | - | 25,246 |
| Tanzanian Orphanage Project Covid 19Appeal |
2,968 - |
(374) (660) |
- 660 |
2,594 - |
| Yemen Appeal | - | (137) | 137 | - |
| Mali Mosque Project | - | (207) | 207 | - |
| Ramadan Appeal | . | (44) | 44 | - |
| 28,273 | (1,481) | 1,048 | 27,840 | |
| TOTALFUNDS | 5,304 | 7,618 | - | 12,922 |
| Net movement in funds, included in the above are as follows: | ||||
| incoming resources |
Resources expended |
Movement in funds |
||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 10,255 | (1,156) | 9,099 | |
| Restricted funds | ||||
| Pakistan Orphanage Project | - | (59) | (59) | |
| Tanzanian Orphanage Project | 276 | (650) | (374) | |
| Covid 19Appeal | 24,474 | (25,134) | (660) | |
| YemenAppeal | 23,913 | (24,050) | (137) | |
| Mali Mosque Project | 6,015 | (6,222) | (207) | |
| Ramadan Appeal | 32,831 | (32,875) | (44) | |
| 87,509 | (88,990) | (1,481) | ||
| TOTALFUNDS | 97,764 | (90,146) | 7,618 | |
| Comparatives formovement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.19 | in funds | 31.12.19 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | (20,972) | (1,997) | (22,969) | |
| Restricted funds | ||||
| Pakistan Orphanage Project Tanzanian Orphanage Project |
28,305 - |
(3,000) 2,968 |
25,305 2,968 |
|
| 28,305 | (32) | 28,273 | ||
| TOTALFUNDS | 7,333 | (2,029) | 5,304 |
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| | |
MercyWorldwideTrust Notes to the Financial Statements - continued for the year ended 31st December 2020
8. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
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||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|943|(2,940)|(1,997)|
|Restricted|funds|
|Pakistan|Orphanage|Project|-|(3,000)|(3,000)|
|Tanzanian|Orphanage|Project|16,353|(13,385)|2,968|
|16,353|(16,385)|(32)|
|TOTAL FUNDS|17,296|(19,325)|(2,029)|
|A|current|year|12|months|and|prior year|12|months|combined|position|is|as|follows:|
|Net|Transfers|
|movement|between|At|
|At|1.1.19|in|funds|funds|31.12.20|
|£|g|£|=|
|Unrestricted|funds|
|General|fund|(20,972)|7,102|(1,048)|(14,918)|
|Restricted|funds|
|Pakistan Orphanage|Project|28,305|(3,059)|-|25,246|
|Tanzanian|Orphanage|Project|-|2,594|-|2,594|
|Covid|19 Appeal|-|(660)|660|-|
|Yemen|Appeal|-|(137)|137|-|
|Mali|Mosque|Project|-|(207)|207|-|
|Ramadan|Appeal|-|(44)|44|-|
|28,305|(1,513)|1,048|27,840|
|TOTAL FUNDS|7,333|5,589|-|12,922|
|A|current|year|12|months|and|prior|year|12|months|combined|net|movement|in|funds,|included|in|the|above|
|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|z|£|£|
|Unrestricted|funds|
|General|fund|11,198|(4,096)|7,102|
|Restricted funds|
|Pakistan Orphanage Project|-|(3,059)|(3,059)|
|Tanzanian Orphanage Project|16,629|(14,035)|2,594|
|Covid|19 Appeal|24,474|(25,134)|(660)|
|Yemen|Appeal|23,913|(24,050)|(137)|
|Mali|Mosque|Project|6,015|(6,222)|(207)|
|Ramadan Appeal|32,831|(32,875)|(44)|
|103,862|(105,375)|(1,513)|
|TOTAL FUNDS|115,060|(109,471)|5,589|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
The Pakistan Orphanage Project is a restricted fund raising monies to build an orphanage in Islamabad.
The Tanzania Orphanage Project is a restricted fund raising monies to build a playground at the Orphanage in Tanzania.
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MercyWorldwideTrust
Notes to the Financial Statements - continued for the year ended 31st December 2020
| |
8. MOVEMENT IN FUNDS- continued
The Covid 19 Appeal is a restricted fund raising monies for three helplines for the vulnerable, elderly and less able across Luton for them to call directly for help with shopping, medicine collection and general assurance.
The Yemen Crisis Appeal is a restricted fund raising monies for 14 million people in Yemen who do not have enough food or water by teaming up with Haidara (a local trusted and vetted charity) to build a bakery.
The Ramadan Appeal is a restricted fund raising monies for Eco Friendly homes for widow and orphan families in Pakistan.
The Mali Mosque Project is a restricted fund raising monies for the rebuilding of the Great mosque in Mali.
9. CONTINGENT LIABILITIES
There were no contingent liabilities as at 31st December 2020 or 31st December 2019.
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year 31st December 2020 or 31st December 2019.
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Mercy Worldwide Trust
| il | n | i | ial Activi | |||
|---|---|---|---|---|---|---|
| forthe year ended | 31st | December 2020 | 2020 | 2019 | ||
| £ | £ | |||||
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies | ||||||
| Donations | 97,764 | 17,296 | ||||
| Total incoming resources | 97,764 | 17,296 | ||||
| EXPENDITURE | ||||||
| Charitable activities | ||||||
| Sundries | 275 | - | ||||
| Website and computercosts | 100 | - | ||||
| Food and medical supplies | 37,664 | - | ||||
| Covid funeral costs | 20,995 | - | ||||
| Mali mosque costs | 6,222 | - | ||||
| Travel | - | 1,385 | ||||
| Yemen projectcosts | 24,050 | - | ||||
| Pakistan Eco Homes | - | 3,000 | ||||
| Tanzania Playground costs | - | 12,000 | ||||
| Somalian Housing project | - | 2,100 | ||||
| 89,306 | 18,485 | |||||
| Support costs | ||||||
| Governance costs | ||||||
| Accountancy and legal fees | 840 | 840 | ||||
| Total resources expended | 90,146 | 19,325 | ||||
| Netincome/(expenditure) | 7,618 | (2,029) |
This page does not form part of the statutory financial statements
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