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 De￿mber 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 prO￿dureS 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 LI￿ED 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 EXpEND￿uRE
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 I￿C￿lBER 2024
Fixed AS￿
Tangitle Asset5
14
Current
Debt0￿ & pre￿ymentS
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 A*ets
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 Decemt*r 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 C￿l[￿Y1￿j with the req￿teMentS ofthe Act with resFECt to
accountiru ￿cordS and the {￿e￿ratiOn d financial statements.
These financial statements ha￿ ￿en p￿pared in aCc￿e blilh the pT(his1￿ts 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 ap￿0￿d 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 nUM￿r (fA61(
Mr Tariq Muhammad Na5nllah
{Tre&sur￿)
Trustees RepoAIhfftawdpthia￿A￿frfft￿6É0kne￿wrfPbT 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 prI￿le conyany finited by guarantee, registered in England and Wa￿s.
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 Ster￿ng, 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 recei￿d.
Donation and other inco￿￿ recognised then r￿el￿d.
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 Cl￿￿1 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
aCti￿lI1es. 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 bet￿een 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 ca￿u￿ted to vKite off the cost ￿sS their es1irTHted residual walue, 0￿r 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 reqUire￿ent 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 e￿rgenCieS
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 Ad￿rtS 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 ad￿rtS
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 eMploy￿ent 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&i￿nance 2024
Actimties
Staff
& VO￿ntary & 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 e￿￿rgenCieS
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 LI￿￿ED 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 cRED￿ORS. 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 e￿nts 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 Y￿k 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