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← Global Aid Trust Limited

2023-12-31-accounts

GLOBAL AID TRUST LIMITED

(A COMPANY LIMITED BY GUARANTEE)

Company No: 6461062 Charity No: 1123560

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

ABACUS PARTNERS (LDN) LLP CHARTERED CERTIFIED ACCOUNTANTS UNIT A, ABBOTTS WHARF 93 STAINSBY ROAD LONDON E14 6JL

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED 1

(A COMPANY LIMITED BY GUARANTEE)

GLOBAL AID TRUST LIMITED

Table of Contents

Legal and administrative information ..................................................................... 3 Directors’ / Trustees' Report ................................................................................ 4-7 Report of the independent examiners to directors/trustees ............................. 8-9 Statement of Financial Activities……………………………………………………………………………………10 Statement of Financial Position…………………………………………………………………………………… 11 Notes to the accounts…………………………………………………………………………………12-17

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

2

(A COMPANY LIMITED BY GUARANTEE)

GLOBAL AID TRUST LIMITED

Legal and administrative information

Board of Trustees’/ Directors’

Office Bearers Dr Ziaul Haque Chairman Mr Tariq Muhammad Nasrullah Treasurer .

Other Trustees’/Directors’ Dr Md Ziaul Haque Dr ASM Ashraf Mahmud Mr Tariq Muhammad Nasrullah

Trustee Trustee Trustee

Registered Address

Unit 8, First Floor 80A Ashfield Street London E1 2BJ

Company number 6461062 Charity number 1123560

Examiners

Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf Stainsby Road E14 6JL

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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(A COMPANY LIMITED BY GUARANTEE)

GLOBAL AID TRUST LIMITED

Directors’ / Trustees' Report

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors of the Company for the purpose of the Companies Act, present their annual report and the financial statements for the year ended 31 December 2023.

Governing Instrument:

The Companies/charity's objects and regulations are regulated by Memorandum 8 Articles of Association adopted on 31 December 2007 as amended on 16 December 2008 and incorporated by the Companies House on 31 December 2007. The same was registered with the charity status on 14 April 2008.

Aims and Objectives

The Global Aid Trust focuses on providing support for quality education to underprivileged children in the less developed and developing countries, working towards developing an effective educational setting and frameworks in those countries and amongst ethnic minorities in the developed countries. Moreover, it is providing emergency support wherever necessary in the UK and world.

Our Values

Global Aid Trust’s values are upholding justice, empowering the rights of the people regardless of their faith, gender or ethnic background with the compliance of British values.

Directors’/Trustees’ and Principal Officers:

The company/Charity is organised with a committee (Board of Directors’) elected by the members to oversee the overall activities.

Dr Ziaul Haque Chairman Mr T M Nasrullah Treasurer

The Directors’/Trustees are eligible, in committee, to appoint additional Directors’/Trustees’ under the terms of the Deed.

Activities and Achievements:

Global Aid Trust is established in 2008. Its slogan is transforming the lower hand into the upper hand. It has been working with its strength, ability since its inception. People trusted Global Aid Trust because a group of professionals are working voluntarily, investing their time to make it successful. People donated with full confidence as it is delivering their donation to the receivers whoever are really in need of that donation. Trustees have invested their time to carry out executive responsibility. Its conviction is to deliver a better society. It is always beside humanity and peace-loving true Muslims who believe in the teachings of the Quran where Allah says, “You are the best nation to serve humanity”.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED

(A COMPANY LIMITED BY GUARANTEE)

Global Aid Trust (GAT) delivered several projects same as last year. One of the prominent projects is sponsoring poor children who are studying in remote areas in different parts of the world. During the year, GAT continued sponsoring orphans covering their cost of living and education. This includes some of them already ready to serve the community. Over the year, GAT engaged with institutional authorities to monitor those children who are beneficiaries.

GAT responded to Emergency Program, including Bangladesh that was a dire need for humanity. We believe it is our duty to serve humanity. Besides this, we have delivered other projects like “Feeding the Poor in Ramadan”, “Gift of Sight” and so on. The Eye cataract operations benefits almost 500 patients in Bangladesh. We delivered Eid gifts on Eid UL Fitr, delivered meat of Qurbani to poorer people in the event of Eid Ul Adha. Those people who have no means to survive and celebrate their festivals, we come forward to assist to bring out a smile as a whole. This project continued to benefits almost 10,000 people in Bangladesh.

We delivered emergencies in Bangladesh flood affected area Sylhet. This project benefits almost 15,000 flood affected people in Bangladesh.

We organised several eye cataracts without fees because of its own eye specialist in place within its board of trustees. During the year, GAT sponsored nearly hundreds of cataract operations, also aimed to continue more operations during 2023, based on resources.

Risk Management:

The directors recognise the major risks that the company faces each financial year when preparing and updating the strategic plan and as such has developed systems to monitor and control these risks to mitigate any impact that they may have on the organisation in the future.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE)

Review of Transactions and Financial Position:

The Statements of Financial Activities show a deficit of £38,600 (2022 £42,253 deficit) for this period, with the Balance Sheet net assets of £73,465, marking an improvement in our resources from the prior year. Our focus on streamlining our projects whilst still trying to maintain our service objectives and dedication to humanitarian charity relief, has led to this improvement, in the face of a period of financial hardship.

Reserves Policy:

The board has determined that the appropriate level of free reserves (including restricted) to be maintained which are not invested, will be equivalent to at least 3 to 6 months’ operation costs, which is £44K to £88K. The company/charity currently does not have free reserves at this level at present, Trustees are currently considering to explore ideas and steps to maintain going concern and reserve level.

Directors’ / Trustees' Responsibilities:

The Trustees’ (who are also Directors’ of Global Aid trust Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP applicable to Smaller Entities).

Company/ charity law requires the Trustees’ to prepare financial statements for each financial year, which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees’ are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED

(A COMPANY LIMITED BY GUARANTEE)

In so far as the trustees are aware:

Independent Examiners:

An independent examination was carried out by Abacus Partners (Ldn) LLP, Chartered Certified Accountants. The company elected to dispense with the annual appointment of independent examiners. In the absence of a specific resolution to the contrary Abacus Partners (Ldn) LLP will continue in office.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 20 September 2024, and are signed on behalf of the board by:

Dr Ziaul Haque

(Chairman)

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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(A COMPANY LIMITED BY GUARANTEE)

GLOBAL AID TRUST LIMITED

Report of the independent examiners to directors/trustees

FOR THE YEAR ENDED 31 DECEMBER 2023

I report on the accounts of the company for the year ended 31 December 2023 which are set out on pages 10 to 17.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.

Having satisfied me that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

The basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 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.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED

(A COMPANY LIMITED BY GUARANTEE)

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Have not been met; or

Nur Ahmed Chowdhury FCCA

Abacus Partners (Ldn) LLP, Unit A, Abbotts Wharf, 93 Stainsby Road London, E14 6JL.

Date: 20 September 2024

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED

( A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2023

**Unrestricted ** Restricted 2023 2022
INCOME AND EXPENDITURE Notes £ £ £ £
INCOMING RESOURCES
Voluntary Income 5a 3,364 - 3,364 16,596
Incoming resources from Charitable activities 6 45,446 113,812 159,258 151,917
Other income 5b 16,872 - 16,872 -
Total Income 11 65,682 113,812 179,494 168,513
Cost of generating voluntary income 7 2,750 - 2,750 17,034
Fundraising Cost 8 22,137 - 22,137 41,483
Charitable Activities Cost 9 - 76,342 76,342 116,182
Governance and Support Cost 10 39,665 - 39,665 36,057
Total Resources Expended 12 64,552 76,342 140,894 210,756
NET INCOME /DEFICIT FOR THE YEAR 1,130 37,470 38,600 (42,243)
Fund Movement 13 - - - -
Fund as at 1 January 2023 (12,985) 47,850 34,865 77,107
Funds as at 31 December 2023 (11,855) 85,320 73,465 34,864

All the activities of the charitable company are from continuing operations.

The notes on pages 12 to 17 form part of these accounts.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023

Notes
Fixed Assets:
Tangible Assets
14
Current Assets:
Debtors & prepayments
15
Cash at Bank and in hand
Creditors:
Amount falling due within one year
16
Net Current Assets
Total Net Assets
Funds
Unrestricted funds: General
Restricted Funds
13
Total Funds		 £
8,396
67,850		 2023
2022
£
£
-
-
25,896
57,424
83,320
6,212
73,465
77,108
73,465
77,108
73,465
77,108
(11,855)
19,881
85,320
57,227
73,465
77,108
76,246
2,781

For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

• The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime' and accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

There financial statements were approved by the board of directors and authorised for issue on 20 September 2024, and are signed on behalf of the board by:

Dr Ziaul Haque Mr Tariq Muhammad Nasrullah
(Chairman) (Treasurer)
Company registration number 06461062

The notes on pages 12 to 17 form part of these accounts.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2023

1 General Information

The company is a private company limited by guarantee, registered in England.

2 Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, section 1A, ' 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3 Accounting Policies

3.1 Basis of preparation of accounts:

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.

3.2 Income Recognition:

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

3.3 Allocation of cost:

Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to as well as using best possible professional judgements.

3.4 Support cost:

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

3.5 Tangible fixed assets and depreciation:

[Fixed assets for the charity used are capitalised at cost. They are stated in the accounts at cost less depreciation.] Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives on the following bases:

Furniture, Fixture and Equipment's 20% on cost.

3.6 Funds:

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2023

3.7 Going concern and COVID-19 impact

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next 12 months. A surplus has been generated during a challenging year of increased living cost, and the expected cash outflows now from the beginning of 2024 can be supported, hence the going concern basis is adopted.

3.8 Reconciliation of new and previous Generally Accepted Accounting Practice (GAAP):

There is no requirement of financial position and net income/(expenditure) restatement for adoption of FRS 102, therefore, no reconciliation is shown.

3.9 Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

4 Incoming Resources

The incoming resources and surplus are attributable to the principal activities of the charity. Trustees confirm that 35% of all projects income to be allocated to unrestricted fund as management cost for the financial year.

INCOME SUMMARY

5a VOLUNTARY INCOME:
Unrestricted Restricted
2023
£
£
£
General Donations
3,364
3,364
3,364
-
3,364
5b OTHER INCOME:
Unrestricted Restricted
2023
£
£
£
HMRC Job Retention Scheme
-
-
Gift Aid
16,872
16,872
16,872
-
16,872
6
CHARITABLE ACTIVITIES INCOME:
Unrestricted Restricted
2023
£
£
£
Banglades flood
-
-
Cataract and Health Project
1,592
2,956
4,548
Qurbani Project
2,599
7,028
9,627
Q Factor
917
-
917
Children Sponsorship
26,542
60,498
87,040
Helpfast
1,983
4,215
6,198
Eid Gift Appeals
-
12,602
12,602
Winter Clothes Project
1,290
3,870
5,160
Tube Well
204
-
204
Emergency- East Africa
-
-
House building project
2,121
4,949
7,070
Mosque project
310
-
310
Bangladesh emergencies
305
-
305
Turkey & Morocco emergencies
7,583
17,694
25,277
45,446
113,812
159,258
Total Income
65,682
113,812
179,494		 2022
£
16,596
16,596
2022
£
-
-
-
2022
£
15,140
10,756
18,526
1,016
70,780
6,411
2,209
3,869
1,530
589
18,003
3,089
-
-
151,917
168,513

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2023

7
8
9
10		 VOLUNTARY COST:
General Adverts and Publicity
Volunteers' expenses
FUNDRAISING COST:
Fundraising appeals and adverts
Fundraising Staff and other expenses
CHARITABLE ACTIVITIES COST:
Salaries and employment costs
Cataract and Health Project
Qurbani Project
Q Factor
Children Sponsorship
Emergency-East Africa
Winter Clothes Project
Mosque project
Eid Gift Project
House build project
Helpfast
Tubewell Project
Turkey & Morocco emergencies
Bangladesh
GOVERNANCE AND SUPPORT COST:
A) Support Cost
Salaries and employment costs
Rent, Rates and Water
Insurance
IT and Database Expenses
Telephone, Internet & Utilities
Printing/Postage/photocopying
Bank and Credit Card Charges
Sundry Office Expenses
Depreciation on FF and Equipment's
B) Governance Cost
Salaries and Wages including E'er NIC
Rent, Rates and Water
Telephone, Internet & Utilities
Accountancy Fees
Legal & Professional Fees
Consultancy
Total Cost
Total Expenses		 Unrestricted Restricted
2023
2022
£
£
£
£
280
280
16,634
2,470
2,470
400
2,750
-
2,750
17,034
Unrestricted Restricted
2023
2022
£
£
£
£
22,137
22,137
24,950
-
-
16,533
22,137
-
22,137
41,483
Unrestricted Restricted
2023
2022
£
£
£
£
-
-
-
-
-
11,701
9,257
9,257
13,003
-
-
41,021
41,021
32,848
1,830
1,830
-
3,911
3,911
1,434
793
793
7,185
5,138
5,138
2,896
4,165
4,165
20,364
300
300
6,063
-
-
4,966
9,928
9,928
-
-
-
15,723
-
76,342
76,342
116,182
Unrestricted Restricted
2023
2022
£
£
£
£
17,692
17,692
9,437
5,772
5,772
11,160
-
-
-
-
681
681
1,485
558
558
384
888
888
47
-
461
-
-
25,591
-
25,591
22,974
-
6,292
8,658
8,658
3,720
1,573
1,573
495
1,600
1,600
1,600
788
788
976
1,455
1,455
-
14,074
-
14,074
13,083
39,665
-
39,665
36,057
64,552
76,342
140,894
210,755

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2023

11 PROJECT INCOME SUMMARYCharitable
Activities
2023
Activities
Generating
HMRC
Voluntary
Total
Income
Income
Gift Aid
Income
Income
£
£
£
£
£
Zakat & Fitra
-
-
Cataract and Health Project
4,548
4,548
Qurbani Project
9,627
9,627
Q Factor
917
917
Children Sponsorship
87,040
87,040
Bangladesh emergencies
305
305
Eid Gift Appeals
12,602
12,602
Winter Clothes Project
5,160
5,160
Helpfast
6,198
6,198
Tubewell project
204
204
Emergency East Africa
-
-
Turkey & Morroco
25,277
25,277
House building project
7,070
7,070
Mosque project
310
310
General and other Income
16,872
3,364
20,236
159,258
-
16,872
3,364
179,494
12 PROJECT EXPENSES
Charitable
Charitable
FundraisingGovernance
2023
SUMMARY:
Activities
Staff
& Voluntary & Support
Total
Expenses
Costs
Expenses
Expenses
Expenses
£
£
£
£
£
Zakat & Fitra Project
-
-
Cataract and Health Project
-
-
-
Qurbani Project
9,257
9,257
Q Factor
-
-
Children Sponsorship
41,021
41,021
Bangladesh emergencies
-
-
Winter Clothes Project
3,911
3,911
Prayer Complex Mosque Project
793
793
House building project
4,165
4,165
Eid Gift Appeals
5,138
5,138
Helpfast
300
300
Tubewell Project
-
-
-
Emergency-East Africa
1,830
1,830
Turkey & Morocco
9,928
9,928
General charitable
-
24,887
39,665
64,552
76,343
-
24,887
39,665
140,894		 2022
Total
Income
£
15,140
10,756
18,526
1,016
70,780
-
2,209
3,869
6,411
1,530
589
-
18,003
3,089
16,596
168,513
2022
Total
Expenses
£
-
11,701
13,003
-
32,848
15,723
1,434
7,185
20,364
2,896
6,063
4,966
-
-

94,574
210,756

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE)

Notes to the financial statements for the year ended 31 December 2023

13 RESTRICTED FUND:
Opening
Incoming
Resources
Balance
Resources
Expended Transfer
£
£
£
£
Zakat & Fitra Project
-
-
Cataract and Health Project
4,179
2,956
-
Qurbani Project
0
-
7,028
9,257
2,230
Q Factor
1,896
-
-
Children Sponsorship
18,185
60,498
41,021
-
Bangladesh General/emergencies
25,881
-
-
(2,230)
Helpfast
162
4,215
300
Eid Gift Appeals
277
12,602
5,138
Tubewell
-
-
-
-
Waterwell- East Africa
8,276
-
1,830
Winter Clothes Project
1,468
3,870
3,911
-
House building project
(7,762)
4,949
4,165
-
Mosque project
(4,714)
-
793
-
Turkey & Morocco
-
17,694
9,928
-
47,849
113,812
76,342
-
14 TANGIBLE FIXED ASSETS:
Furniture, Fixtures
& Equipment
£
Cost B/Fwd
40,875
Addition
-
40,875
Depreciation:
Charges B/Fwd
34,537
Charge for the year
6,338
40,875
Net Book Value
As at 31 December 2023
-
As at 31 December 2022
-
15 DEBTORS & PREPAYMENTS:
2023
£
Gift Aid accrued
8,396
Other Debtors
-
8,396
16 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR
2023
£
Pension
42
Accruals
2,700
Wage and PAYE
39
2,781		 Closing
Balance
£
0
7,135
0
1,896
37,663
23,651
4,077
7,741
0
6,446
1,427
-6,978
-5,507
7,766
85,318
Total
£
40,875
-
40,875
34,537
6,338
40,875
-
-
2022
£
8,396
-
8,396
2022
£
-
2,700
485
3,185

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2023

17 STAFF EMOLUMENTS:

STAFF EMOLUMENTS:
Total wages and salaries
Employer's NIC
Pension costs
-
Direct Charitable
Others
Avg No of employees: Admin
Avg No of employees: Charitable & Fundraising
Employees paid in excess of £60,000 during the current year
and previous year		 2023
2022
£
£
28,700
28,700
-
-
433
433
29,133
29,133
-
-
29,133
29,133
29,133
29,133
1
1
1
1
2
2
None
None

18 RELATED PARTY TRANSACTIONS

There has been no related party transacions during the year 2023 (nor in 2022). No directors/trustees reimbursements.

19 TAXATION

The entity does not undertake non-charitable activities and is therefore entitled to tax exemptions with HMRC.

20 POST BALANCE SHEET EVENTS There were no significant post balance sheet events to report.

21 CONTINGENT LIABILITIES

The company had no contingent liabilities as at 31 December 2023 or at 31 December 2022.

22 GIFTS IN KIND AND VOLUNTEERS

During the year the company/charity benefited from unpaid work performed by volunteers.

23 FINANCIAL COMMITMENTS

On 31 December 2023 the company/charity did not have any non-cancellable operating lease commitments.

Trustees Report and Financial Statements 2023, GLOBAL AID TRUST LIMITED

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