GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) GIGbal Workin9 For Beiier Gl(th Company No: 6461062 Charity No.. 1123560 REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ABACUS PARTNERS (LDN) LLP CHARTERED CERTIFIED ACCOUNTANTS UNIT A, ABBOThS WHARF 93 STAINSBY ROAD LONDON E14 6JL Trustees Report and Financial Statements 2024, GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) Table of Contents Legal and administrative information .. Directors, l Trustees, Report...............-.----......-......... Report of the independent examiners to directorsltrustees........- Statement of Financial Activities.......................-........................................................................ Statement of Financial Position...........-...............................................................-.................... 10 Notes to the accounts.............................................-.-.............................................11_16 Trustees Report and Financial Statements 2024, GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) Legal and administrative information Board of Trustees'l Directors, Office Bearers Dr ASM Ashraf Mahmud Mr Tariq Muhammad Nasrullah Chairman 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 E12BJ Company number 6461062 Charity number 1123560 Examiners Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf Stainsby Road E14 6JL Trustses Report and Financlal Statements 2024. GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) Directors, / Trustees, Report For the year ended 31 December 2024 The trustees, who are also the dirertors of the Company for the purpose of the Companies Act, present their annual report and the financial statements for the year ended 31 December 2024. Governing Instrument Global Aid Trust is governed by its Memorandum and Articles of Association adopted on 31 December 2007 and amended on 16 December 2008. The charity was incorporated with Companies House on 31 December 2007 and registered with the Charity Commission on 14 April 2008. Aims and Objectives Global Aid Trust (GATI exists to transform lives through education, empowerment. and emergency relief. Our primary aim is to provide access to quality education for underprivileged children in less developed and developing countries, while also supporting disadvantaged communities and ethnic minorities in the UK and across the globe. In addition, we respond to humanitarian crises by delivering timely emergency aid, food, healthcare, and community support wherever the need is greatest. Our Values Our work is guided by values of justice. compassion, and equality, rooted in a commitment to serve humanity regardless of faith, gender. or background. These values align with and uphold British values of fairness, dignity, and respect for all. Governance and Leadership The charity is overseen by a Board of Trustees, elected by members, who are responsible for governance and strategic direction. The trustees also volunteer their time and expertise in operational and executive capacities. Current Officers: Dr. ASM Ashraf Mahmud- Chairman Mr. T. M. Nasrullah- Treasurer The Board may appoint additional trustees in accordance with the governing document. Activities and Achievements in 2024 Since its establishment in 2008, GAT has worked under its guiding principle: Transforming the lower hand into the upperhand." With the support of donors and the dedication of volunteer professionals, we have earned the trust of communities by ensuring donations are delivered directly to those most in need. During 2024, GAT carried out a wide range of impactful projects: Child Sponsorships & Orphan Care: We continued to sponsor orphans and disadvantaged children across remote regions, covering their education and living costs. Many of these children are now completing their studies and preparing to seNe their communities. Regular monitoring with local institutions ensures accountability and sustainable progress. Trustees Report and Flnancial Statements 2024. GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) Healthcare & Sight Restoration: Through our Gift of sight project, supported by our in-house medical expertise, we sponsored hundreds of cataract operations in Bangladesh. This life-changing initiative restored sight to those who could not otherwise afford treatment, with over 500 patients benefitting in the year. Seasonal and Community Support: During Ramadan, GAT provided food packs to families in need, ensuring thousands could observe the month with dignity. At Eid al-Fitr and Eid al-Adha, we distributed gifts and Qurbani meat, reaching nearly 10,000 beneficiaries, helping families celebrate with joy despite poverty. Through these initiatives, we have continued to uphold our mission= serving humanity with sincerity, compassion, and accountability. Plans for 2024 and Beyond Looking ahead, Global Aid Trust is determined to build on its strong foundation and extend the reach of its humanitarian work. Our plans for 2025 include: Expanding Child Sponsorship: IncreasinE the number of orphans and disadvantaged children supported through education and living sponsorships, with a target of at least 150 new beneficiaries this year. Scaling Healthcare Initiatives: Building on the success of our cataract operation programme, sponsoring a further 1,000 life-changing surgeries in Bangladesh and extending medical support to other underserved regions. Strengthening Emergency Relief Capacity: Investing in a more agile emergency response framework to deliver aid rapidly during floods, earthquakes, and other crises. Food Security and Seasonal Programmes: Expanding Ramadan food packs and Eid distributions, with a goal of reaching over 20,000 beneficiaries worldwide. Community Development Projects: Developing sustainable learning centres, vocational training schemes, and women's empowerment initiatives to promote long-term resilience and reduce dependency. UK-Based Support: Increasing engagement with underprivileged families and ethnic minority communities through education, food support, and youth empowerment programmes. These plans reflect our continued commitment to the charity's founding mission- transforming lives by giving o hond up, notjust a handout. Risk Management The trustees regularly review risks to the charity, both financial and operational, and have established systems to manage and mitigate these risks. This includes strategic planning, transparent governance, and robust monitoring of all projects. Trustees Report and Financial Statements 2024, GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE) Financial Review For the year ended 31 December 2024, the charity recorded a deficit of £41,70412023: £38,600 surplus). Net assets at yearend stood at £31.761. Trustees noted the drop in equity and working closely to raise extra unrestricted fund to mitigate the situation. Our focus on careful resource management and prioritising core projects has strengthened our position in public, even in a difficult economic climate. We remain committed to balancing sustainability with service delivery. Reserves Policy The trustees aim to maintain free reserves equivalent to 3-6 months of operating costs1£21,000- £42,000). While the current level of reserves remains below this target, the Board is actively exploring fundraising and strategic initiatives to improve long-term financial sustainability. Trustees, Responsibilities The trustees {also directors under company lawl are responsible for preparing the Annual Report and financial statements in line with the Companies Act 2006 and UK GAAP. They must: select and apply appropriate accounting policies consistently. Make judgements and estimates that are reasonable and prudent. Ensure compliance with Charities SORP IFRS 102). Prepare accounts on a going concern basis, unless inappropriate. They are also responsible for safeguarding assets, maintaining accurate records, and preventing fraud or irregularities. In so far as the trustees are aware: There is no relevant information of which the independent examiner is unaware; and Trustees have taken all steps to ensure that the examiner is aware of all relevant information. Independent Examiner The independent examination was carried out by Abacus Partners (Ldn) LLP, Chartered Certified Accountants. Unless a resolution is passed to the contrary, they will continue in office. The financial statements have been prepared in accordance with the provisions of the small companies, regime and FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland." Approval These financial statements were approved by the Board of Trustees on 14 October 2024 and signed on their behalf by- Dr. ASM Ashraf Mahmud Chairman Dr Ashraf Mahmud (Chairman) Trustees Report and Financial Statements 2024. GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) Report of the independent examiners to directorsltrustees FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts of the company for the year ended 31 Dember 2024 which are set out on pages 9 to 16. 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 l 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- examine the accounts under section 145 of the 2011 Act", follow the prOdureS laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act" and State whether particular matters have come to my attenlion. The basis of independent examinerfs 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 2024, GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED IA COMPANY LIMITED BY GUARANTEE) Independent examiner's statement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities Have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. NurAhmed Chowdhury FCCA Abacus Partners (Ldn) LLP, Unit A, Abbotts Wharf, 93 Stainsby Road London, E14 6JL. Date.. 14 October 2025 Trustees Report and Flnancial Ststements 2024, GLOBAL AID TRUST LIMITED
GLOBAL AID TRUST LIMITED ( A COMPANY LIED BY GUARANTEE STATEMENT OF FINANCIAL ACTivrtlES (incorporating the income and expenditure account) FOR THE YEAR ENDED 31 DECEVBER 2024 Unrestricted Restricted 2024 2023 INCOME AND EXpENDuRE Notes INCOMING RESOURCES Voluntary Incon 5a 921 921 Incoming resources from Charilabie acb'vities 44,722 74.367 119.089 159,258 Other inco 5b 11,832 11,832 16,872 Total Incon 11 57.475 74.367 131.842 179,494 Cost of generating lUntarY incon Fundraising Cost Charitable Actimlies Cost Governance and Support Cost 3,522 21,382 89,127 103,405 45,237 2,750 22,137 76,342 39,665 21.382 14.278 45,237 10 Total Resources Expended 12 84,419 89.127 173,546 140.894 NET INCOME IDEFICIT FOR THE YEAR (26.944) {14,760) (41,704) 38,600 Fund IVk)vement 13 (9,500) 9.500 Fund as at 1 January 2024 (11,855) 85,320 73,465 34,865 Funds as at 31 Dece)er 2024 48 299 All the acts)ritres of the charitable conyany are from continuing operations. The notes on pages 11 to 16 form part of these accounts. Trustees Report and Financial Statements 2024, GLOBAL AID TRUST LIMITED
GLOBAL PJD TRUST UMITED ( A COMPANY UMITED BY GUARANTE STATEMENT OF RNAN(aAL POSITION ILS AT 31 IClBER 2024 Fixed AS Tangitle Asset5 14 Current Debt0 & preymentS Cash at Bank and in ha] 15 38,885 67.850 76.246 Creditors Amount fdlFTrJ due within one year 16 7.124 2,781 Net Curtent knets 31.761 31.761 73.465 73,465 Tolal Net Aets 31,761 73,465 Funds Unrestrrcted furth: Gereral (48.299) {11.8551 Restricted FuTrJs 13 85.320 Tolal Funds 73,465 For the year ended 31 Decemtr 2024 the company Wds enlitled to exem[" fr(Yn au(It unthr section 477 of the Companies Act 2CK)6 relating to small comparies. tirectots res nsibilities: . The mernEe have Th)t r4irred company to obtatn an of its financial statemerrts for trR year in question in accordance with section 476: and . The director acknomlety fis rESKK)nsitilities for Cl[Y1j with the reqteMentS ofthe Act with resFECt to accountiru cordS and the {eratiOn d financial statements. These financial statements ha en ppared in aCce blilh the pT(his1ts applicatAe to comparies subject to the small companies regiff*' and accorda[e 1th FRS 102 Tr Financial Rep)th"ng Standard applicaile in the LK and Repubtic of IrelarKr. There fjnancial statements were ap0d by the b)aftl of threcto arKI aulhcNised fi)r issue on 14 October 2U25, and are signed on half of the tN)ard ty-. DrAshraf Mahmud {Chainnan) )mpany registration nUMr (fA61( Mr Tariq Muhammad Na5nllah {Tre&sur) Trustees RepoAIhfftawdpthiaAfrfft6É0knewrfPbT LIMITED io
GLOBAL AID TRUST LIMTED { A CONFANY LIMITED BY GUARANTEEI Notes lo the financial statements for the year ended 31 December 2024 1 General Information The company is a prIle conyany finited by guarantee, registered in England and Was. 2 Statement of Compliance These financial staterrEnls ha been prepared in coNpliance th the provtsions of FRS 102, section 1A, The Financial Rep)rting Standard applicab in the UK and Repubfic of Iretand.. 3 Accounting Policies 3.1 Basis of preparation of accounts: The financial staleffents ha been prepared in accordance wtrt Accounting and Reporting by Charilres.. StaterrEnt of ReconThnded Practice applicab to charities preparing their accounts in accordance with the Financial ReportiTig Standard applicab in the UK and Republc of Ireland (FRS 102) (effective 1 January 20151 {Charilies SORP IFRS 102)), the Financial ReF)orting StarKlard apph.Cab in the UK and Republic of Ireland IFRS 102) and the Companies Act 20(. The financial statenEnts are prepared in Sterng, vknich is the functional currency of the entity. 3.2 Income Recognition: l incoming resources are included in Ihe StateTrEnt of Financial Acti)rities {SoFA) vthen Ihe charty is kgal entitted to Ihe inconE after any performance conifitions ha been nEI, the amunt can be EaSured reliabty and it is probable Ihal Ihe Inco 11 be receid. Donation and other inco recognised then reld. Tuitions Fee inconE is recognised en ent"tsnEnt has occurred. • Grants for imnEdiats expenditure are accounted for vthen Ihey becon* receiwdbie. Grants l Donation restricted to future accounting period are deferred and recognised in those periods. Grants l Donation for specific project are treated as restricted to the propcts Cl1 for future oper8ti0n. 3.3 Allocation of cost: Costs are albcaled bemeen restricted and unrestricted fund according to the tern of inconE. Where items e>pended are nixed, they are apportioned btheen the categories according to the incorTE they relate lo as Ell as using best possib professional judgerrents. 3.4 Support cost: Support costs are those functions that assist the V+t)rk of the charity bul do not directy underlake charilable aCtilI1es. Support costs include back office costs. finance. personnel, payroll and governance costs lch support the Trusts programryts and actimb'es. These costs ha been alk)cated beteen cosl of raising funds and expenditure on Charitab acb'mties. 3.5 Tangible fixed assets and depreciation: Fixed assets for the charity used are capitafjsed at cost. They are stated in the accounts at cost less depreciation. Deprecialion is cauted to vKite off the cost sS their es1irTHted residual walue, 0r their ewted useful Ve$ on the followng bases= FurnibJre, Fixture and EqUip[S 2/0 on cost. 3.6 Funds: Unreslricted funds are awdIlab for use at the discretion of the trustees in furlherance of the general objectives of the charity and lch hal not been designa for other purposes. Designated funds comprise unrestricted funds that haw? been set aside ty the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statenEnts. Restricted funds are funds lch are to be used in accordance wth specific restrictions irrposed by donors or ich ha been raised by the charity for particuLar purposes. The cost of raising and adninislering such funds are charged against the specific fund. The aim and use of each restricted fijnd is sel out in the notes lo the financial statetTEnts. Trustees Report and Financial Staternents 2024, GLOBAL AID TRUST LIMITED li
GLOBAL AID TRUST LlhTTED { A cof¥PANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2024 3.7 Going concern At the titYE of appro)ring the accounts, the truslees a reasonab eypectation that the charity has adequate resources lo conlinue in operational existence foi the next 12 K)nths. This year a deficit has been generated during a on going of increased liwing cosL bul the eypected cash outrth now from the beginning of 2025 can be supported for on going operations. hence the ng concem basis is adopted. 3.8 Reconclliatlon of new and previous Generalty Accepted Accounting Practice IGAAP)-. There is no reqUireent of financial position and net incorrEI(e>penditure) restaten*nt for adoption of FRS 102, therefore, no reconciliation is shobw. 3.9 Legal status of the Trust The Trust is a comp8ny linited by guarantee and has no share capital. In Ihe nt of Ihe charity being nd up, the liability in respect of the guarantee is linited to £1 per of the charity. 4 Incoming Resources The incorrung resources and surplus are atrlbut8b to the wincipal activities of the charity. Trustees confirm that 35 % of all projects inconE lo be alk)caled to unrestricted fund as nwnagerrent cost for the financial year. INCOME SUIMMRY 5a VOLUNTARY INCOTrE". Lknrestricted Restricted 2024 2023 General Donations 921 921 921 921 3,364 3,364 5b OTHER INCOME: Lknreskncted Restricted 2024 2023 HMRC Job Retention Scheff Gift 11.832 11.832 11.832 11.832 16.872 16.872 6 CHARITABLE ACTIVITIES INCOhE: Lknrestricted Restricted 2024 2023 BangLgdes fbod Cataract and Heamh Project Qurbani Propcl Q Factr)r Children Sponsorship Helpfast Eid Gift Appeals Winter Clothes Project Tube Well Rfc fundraising House buikling proFct Mosque project Bangladesh ergenCieS Turkey & )rOccO enErgencies 9.275 1,352 4,677 5,727 43.785 1.505 2,365 2,381 1,301 14,269 2,080 6,682 8,810 63.002 2,315 728 2,005 3,084 19.217 810 4,548 9.627 917 87,040 6,198 12,602 5,160 204 794 3,174 1,301 13.091 13,091 7.070 310 305 25,277 159,258 2.OLXI 44.722 74,367 119,089 Total Income 131842 Trustees Report and Flnancial Statements 2024, GLOBAL AID TRUST LIMITED 12
GLOBAL AID TRUST UMftED I A COMPANY LIMTED BY GUARANTEE Notes to the financial statements for the year ended 31 December 2024 7 VOLUNTARY COST". Lknrestricted Restricted 2024 2023 Q£neral AdrtS and Publicity Volunteers, e>penses 280 2,470 2,750 3.522 3.522 3,522 FUNDRAISING COST: Ltr)restricled Restricted 2024 2023 Fundraisina aDDeals and adrtS Fundraisina Staff and other exnenses 21.382 21,382 22,137 21.382 21,382 22,137 9 CHARrrABLE ACTMTIES COST: Lknrestricted Restricted 2024 2023 Salaries and empbyment costs Cataract and Health Project Qurbani Project Q Factor Children Sponsorship Emergency-East Africa Wiriler Clothes Project Mosque project Eid Gift Project Flouse build project Helpfast Tubewell Project Turkey & Wrocco emergencies Bangladesh er[rgenCieS 14,278 14,278 4,654 7.2 4,838 44,858 973 2,623 4,925 5.242 4,654 7.2(K) 4,838 44.858 973 2.623 4,925 5.242 9,257 41,021 1.830 3,911 793 5,138 4,165 300 1.868 9,928 14,278 89.127 103.405 76,342 10 GOVERNANCE AND SUPPORT COST: Lhrestricled Restricted 2024 2023 ort Cost Sakries and eMployent costs Rent, Rates and Water Insurance IT and Database Ewenses Teiephone. Internel & Uttlities PrintinglPostagelphotocopying Bank and Credit Card Charges Sundry Office Expenses Depreciation on FF and Equiprt*rfs 18.350 9,979 18,350 9,979 17,692 5,772 1.180 1,180 681 558 888 30.352 30,352 25,591 Governance Cost Salaries and Wages including E'er NIC Rent. Rates and water Telephone, Internet & utilits'es Accountancy Fees Legal & Professional Fees Consurtancy 6.652 1,769 1.600 728 4,135 14.885 45.237 6,652 1.769 1,61X) 728 4,135 14,885 45,237 8,658 1,573 788 1,455 14,074 39,665 Total Cosl Total Expenses 89 127 173 $46 Trustees Report and Financial Statements 2024, GLOBAL AID TRUST LIMITED 13
GLOBAL AID TRUST LIMITED I A COMPANY LIMTED BY GUARANTEE) Notes to the financial staten*nts for the year ended 31 December 2024 11 PROJECT INCOME SUPlkMRY Charitsble Actimlies Actimties Generating HMRC Income Incort GFft Aid 2024 Tolal Income 2023 Total Income Voluntary Inco Zakat & Filra Cataract and Hearth Project Qurbani Project Q Factor Children Swnsorship Bangladesh fkx)dlemergencies Eid GiftAppeals Winter Clothes Project Helpfasl Tubewell project Rfc fund iniliab. Turkey & Morroco House building proiect Mosque project General at5d other Incorre 2,080 6,682 8.810 63.002 14,269 2,365 3.174 2,315 1,301 13,091 2.080 6.682 8,810 63,002 14,269 2.365 3,174 2,315 1,301 13,091 4,548 9,627 917 87,040 305 12,602 5,160 6,198 25,277 7,070 310 20.236 179,494 2,0(K) 11,832 11.832 921 921 12,753 131,842 119.089 12 PROJECT EXPENSES SUMMARY: Charitable Charilable FundraiStnc&inance 2024 Actimties Staff & VOntary & Support Total Expenses Costs Eypenses E4)enses E>penses 2023 Total Expenses Zakat & Fitra Project Cataract and Health ProFcl Qurbani Project Q Factor Children Sponsorship Bangladesh ergenCieS Winter Clothes Project Prayer Complex Mosque Propct House building project Eid Gift AppeaLg Helpfast Tubewell Project Emergency-East Alrica Turkey & Morocco neral charilab 4,654 7,200 4.838 44.858 11,946 2,623 4,925 4,654 7,200 4,838 44,858 11,946 2,623 4,925 9,257 41,021 3,911 793 4,165 5,138 300 5.242 5,242 1.868 973 973 1,830 9.928 64,552 14.278 24.9)4 45,237 84,419 45 237 173 545 Trustees Report and Financia5 Statements 2024, GLOBAL AID TRUST LIMITED 14
GLOBAL AID TRUST LIMITED ( A COMPANY LIED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2024 13 RESTRICTED FUND: Q)ening Incoming Resources Balance Resources Ewended Transfer Closing Balance Zakat & Fitra Project Cataract and Heatth Project Qurbani Project Q Factor Children Sponsorship Bangladesh Generavemergencies Helpfast Eid Gift Appeals Tubewell Waterwelk East Africa Winter Clothes Project House buikjing project Mosque project Turkey & Morocco 7.135 4.654 7.200 4,838 44,857 11.945 1.868 5.241 3,833 4.677 5,727 43,785 9,275 2.522 1,8 37,663 23,651 4.077 7,741 2,785 36,590 20,981 3,714 4,865 1,301 5,473 1,184 1.301 973 2,623 1.427 -6,978 -5,507 7,766 85.318 2.381 6,978 4,925 -8,432 7,766 80,(EO 74.367 89.124 14 TANGIBLE FIXED ASSETS: Furnilure, Fixiures & EqLtipNEnt Tolal Cost BIFM Addition 40.875 40,875 40,875 Depreciation- Charges BIFval Charge for the year 34,537 6,338 40,875 34,537 6,338 40,875 Net Book Value As al 31 December 2024 As at 31 Decen*er 2023 16 DEBTORS & PREPAYMENTS: 2024 2023 Gift Aid accrued Other Debtors 8.3 16 cREDORS. AIKIUNT FALLING DUE wTfHIN ONE YEAR 2024 2023 Pension Accruals Wage and PAYE 42 2.700 39 4,300 2,824 Trustees Report and Financial Statements 2024. GLOBAL AID TRUST LIMITED 15
GLOBAL AID TRUST LIMITED ( A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements for the year ended 31 December 2024 17 STAFF EfvDLUMENTS: 2024 2023 Total wages and salaries Employer's NIC Pension costs 32,078 17,234 458 17.692 32,627 Direct Charilab Others 14.278 29,133 AWJ No of employees.. Adtfmn AVJ No of employees.. Charitable & Fundraising Employees paid in excess of £60.¢ during Ihe current year and premous year None hbne 18 RELATED PARTY TRANSACTIONS There has been no FeLated paty transacions during the year 2024 (nor in 2023). directorsltrustees reimburserrEnts. 19 TAXATION The entity does not undertake non-charitable actiiities and is Iherefore entitled to lax exeryts'ons wth HMRC. 20 POST BALANCE SHEET EVENTS There were no significant post balance sheet ents to report 21 CONTINGENT LIABILMES The company had no contingent liabilities as at 31 December 2024 or at 31 December 2024. 22 GIFTS IN KIND AND VOLUNTEERS During the year the coryanylcharity benefited from unpaid Yk performed by wlunteers. 23 FINANCIAL cowfMENTS On 31 December 2024 the companylcharity did not habE any M)n-cancellable operating ase GommitrEnts. Trustees Report and Financial Statsments 2024. GLOBAL AID TRUST LIMITED 16