Company Registration Number 07550341
Charity Registration Number 1144365
RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD Trustees Report and Unaudited Financial statements for the year ended 31[st] March 2021
Syed Arif & C0 Accountants and tax advisers 114-116 Cranbrook road Ilford, Essex IG1 4LZ
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Report and accounts for the period ended 31 March 2021
| Contents | Page |
|---|---|
| Reference and Administrative Details | 2-3 |
| Trustees’ Report | 4-6 |
| Statement of Trustees’ Responsibilities | 7-8 |
| Independent Examiner’s Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12 to 15 |
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Reference and Administrative Details
THE CHARITY NAME: RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
The Legal name of the charity RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
The charity is also known by RDF
THE CHARITY’S AREA OF OPERATION UK AND BANGLADESH
LEGAL STRUCTURE OF THE CHARITY
The governing document of the charity is the Memorandum and Articles of Association, establishing the company under company legislation.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees are all individuals.
| Charity Registration Number | 1144365 |
|---|---|
| Principal Office | 162 Mile End Road, London E1 4LJ |
| Board of trustees | Shamsujjaman Choudhury |
| Atique Choudhury | |
| Junaid Choudhury | |
| Abu Taher Choudhury | |
| Farida Choudhury | |
| Zubair Choudhury | |
| Amirul Choudhury | |
| RDF Committee | |
| Mohammed Najmul | |
| Shahidur Rahman | |
| Fatiha Choudhury | |
| Waqas Malik | |
| Talha Choudhury | |
| Fuzel Choudhury | |
| Khaleda Choudhury | |
| Dobir Choudhury | |
| Principal Administrator | Junaid Choudhury |
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Accountants Syed Arif & Co 114-116 Cranbrook Road Ilford,Essex IG1 4LZ Bank HSBC Bank Plc Limited 126 High Road Ilford IG1 1DA Tel: 0845 740 4404
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Trustee’s Annual Report for the year ended 31[st] March 2021
The Trustees present their Report and Accounts for the period ended 31[st] March 2021, which also comprises the Directors' Report required by the Companies Act 2006
Legal status
Rural Development Foundation is constituted as a charitable organisation registered with the charities commission on the 3[rd] March 2011 under charity number 1144365. It is also an incorporated company, no 7550341. Incorporated on 03/03/2011 and governed by its Articles of association.
Organisational structure
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet as a body quarterly and are responsible for all decisions taken in relation to running of the charity and its activities. To assist in the smooth running of the charity the trustees have volunteer that help them oversee certain aspects of the charity’s work. The volunteer are currently set up for financial, project fund raising and day-to-day management and report back to the trustees with their recommendations. The member’s meet monthly in meetings as the members group and also with the trustees at separate scheduled meeting. An assigned trustee will oversee the volunteer meetings.
Recruitment and appointing of trustees
The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees seek the views and recommendation of both members and trustees. The trustees believe this approach ensures that new trustees are respectable members through this venting system. In selecting new trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees’ meeting as observers and are given more detail of the charity’s aims and activities and, if all agree, they are then proposed as new trustees at the subsequent trustees’ meeting. This process allows due consideration of the person’s eligibility, personal competence, specialist skills and knowledge.
Objectives and activities
Our aims
The objects of the charity are set out in the charity’s memorandum of articles and are summarized as follows:
To advance the education of young persons in Bangladesh. The promotion of religious harmony for the benefit of the public by educating the public in different religious beliefs including an awareness of their distinctive features and their common ground to promote good relations between persons of different faiths. The relief of poverty, hardships and distress of the public who are of Bangladeshi origin living in the UK and Bangladesh. The preservation and protection of good health of the public who are of Bangladeshi origin living in the UK and Bangladesh.
Our objectives
Our objectives are set out to reflect our support for local community services
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For paternal care for mothers and children in poor areas in Bangladesh. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.
In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of education for the public benefit.
Our dual aim is to build a maternity clinic and provide health care facilities for mothers within rural Bangladesh, where they can get support and help due to the lack of decent healthcare services. We are also supporting an academy for young boys and girls
Strategies
We want to make our charity accessible to everyone who has an interest in our objects. Also work with other charities in Bangladesh and the UK for the betterment of the general community. Working with the youth is one of our strategies in bringing people together with team building activities and with this support, raising awareness of the charities main objectives as well as running different project campaigns.
Mother Square Campaign: Create awareness of maternal needs for mothers and children in rural Bangladesh.
RDF Maternity Clinic: The hospital building is complete now and the first phase of the clinic was inaugurated in Bangladesh to the public in Dec, 2019.
Activities and achievements
In Mar 2020, as the Covid-19 situation across the globe started to take the shape of a pandemic, RDF organised distribution of emergency food packets and soaps among the extremely poor and vulnerable in Sylhet, as well as Covid-19 awareness campaigns to educate the poor in the region about social distancing and hygiene in face of the Corona virus onslaught.
During the year 2021 RDF have successfully built and delivered 10 sustainable houses, providing homes for 10 needy families, 30 safe-water pumps in the most rural parts of Bangladesh and continue to provide a weekly soup kitchen that can feed up to 150 people at a time.
RDF have successfully provided 3 Cataract camps in the most destitute parts and have manage to screen and treat around 900 people of which 200 were operated for Cataract removal.
How our activities deliver public benefit
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, [ summarised below] provide both to those who are our members and wider community in UK and Bangladesh.
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Health care support & advice for mother and children.
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Educational lectures on healthcare.
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Youth training & team building.
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Networking and communicating experience.
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
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Life coaching skills
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Trekking residential.
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Self-development challenges
Plans for future periods
In the immediate future RDF aims to expand the Maternity Clinic and involve more youth workers in volunteering to help the poor and aged to circumvent the challenges of a postCovid world as the world adjusts to living in a new reality. Amidst the challenges faced, RDF plan to expand their operations in Bangladesh with the new projects they have embarked on (Housing Project, Cataract Project, Soup Kitchen, Safe Water & Sanitation, Winter Project and Emergency Relief).
The financial position of the charity at 31 March 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| more fully detailed in the accounts, can be summarised as follows:- | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Net income/loss | 75,788 | 36906 |
| Unrestricted Revenue Funds available for the general use | 33,302 | (833) |
| Restricted Revenue Funds | 0 | |
| Total Funds | 33,302 | (833) |
Financial review of the position at the reporting date, 31 March 2021 .
The Charity have a comfortable reserve fund.
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Policies on reserves.
The trustees have reviewed the reserves of the charity. Their aim is to hold enough funds to meet 6 months' operating costs.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Principal funding sources in the period and how these supports the key objectives of the
charity.
The charity's main source of income is donations and the surplus from the find raising activities
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Statement of the Directors/ Trustee’s Responsibilities
the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations
statements for each financial year which give a true and fair view of the state of affairs of the charity as at
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 12 to 21. The financial statements have been prepared implementing the FRS 102 SORP (Statement of
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to company’s subject to the small company’s regime.
This report was approved by the board of trustees on 18[th] November 2021.
Signed on behalf of the Charity’s trustee
Junaid Choudhury
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Report of the Independent Examiner to the Trustees of the Rural Development Foundation Ltd , Company number 07550341 Charity registration number 1144365 on the accounts for the period ended 31 March 2021.
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/03/2021, as set out from page 4 to 15
As the charity’s trustees of the Company (who are also the directors of the Company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Respective responsibilities of the Trustees and the basis of the report .
Having satisfied me that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *), which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
- •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
Independent examiner’s statements
I 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.
Signed: Date: 18/11/2021 Syed Arif Hussain Kazi (MAAT) Syed Arif & Co 114-116 Cranbrook Road Ilford, Essex IG1 4LZ
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Statement of Financial Activities (including the Income and Expenditure Account for the year ending 31 March 2021, as required by the Companies Act 2006)
| SORP Ref: Current year Unrest. fund Current year Restricted Funds Current year Total Funds 2021 2021 2021 2020 £ £ £ Income & Endowments from: Donations & Legacies S01 75,788 - 75,788 Charitable Activities S02 0.00 - 0.00 Total 75,788 0 75,788 Expenditure on: Raising funds S08 4600 4600 Charitable activities S09 35324 0 35324 Other S11 1729 0 1729 Total 41,653 0 41,653 Net income(expenditure) S13 34,135 - 34,135 Net movement in funds 34,135 - 34,135 Reconciliation of funds:- Total funds b/forwaed S23(833) 0 (833) Total funs C/forward S24 33,302 0 33,302 |
SORP Ref: Current year Unrest. fund Current year Restricted Funds Current year Total Funds 2021 2021 2021 2020 £ £ £ Income & Endowments from: Donations & Legacies S01 75,788 - 75,788 Charitable Activities S02 0.00 - 0.00 Total 75,788 0 75,788 Expenditure on: Raising funds S08 4600 4600 Charitable activities S09 35324 0 35324 Other S11 1729 0 1729 Total 41,653 0 41,653 Net income(expenditure) S13 34,135 - 34,135 Net movement in funds 34,135 - 34,135 Reconciliation of funds:- Total funds b/forwaed S23(833) 0 (833) Total funs C/forward S24 33,302 0 33,302 |
SORP Ref: Current year Unrest. fund Current year Restricted Funds Current year Total Funds 2021 2021 2021 2020 £ £ £ Income & Endowments from: Donations & Legacies S01 75,788 - 75,788 Charitable Activities S02 0.00 - 0.00 Total 75,788 0 75,788 Expenditure on: Raising funds S08 4600 4600 Charitable activities S09 35324 0 35324 Other S11 1729 0 1729 Total 41,653 0 41,653 Net income(expenditure) S13 34,135 - 34,135 Net movement in funds 34,135 - 34,135 Reconciliation of funds:- Total funds b/forwaed S23(833) 0 (833) Total funs C/forward S24 33,302 0 33,302 |
|---|---|---|
| 4600 4600 35324 0 35324 1729 0 1729 |
||
| 41,653 0 41,653 |
||
| 34,135 - 34,135 |
||
| 34,135 - 34,135 (833) 0 (833) 33,302 0 33,302 |
||
All activities derive from continuing operations
The notes attached on pages 12 to 15 form an integral part of these accounts.
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD Balance sheet
as at 31 March 2020
| Fixed assets Plant and machinery etc B02 Current assets Other debtors B07 Cash at bank and in hand B09 Total Current assetsB10 Liabilities: Creditor: Amounts falling due within one year B11 Loan from individual Net Current assets/(liabilities)B12 Total assets less current liabilitiesB13 Creditors:amounts falling due after B14 One year. Total net assets or liabilitiesB16 Funds of the Charity: Unrestricted funds B19 Total funds B22 |
2021 £ 0 0 36,232 36,232 2930 33302 33302 33302 33302 |
2020 £ 0 |
|---|---|---|
| 0 2,097 |
||
| 2097 | ||
| 2930 | ||
| (833) | ||
| (833) (833) (833) |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
the Independent Examiner is on page 9.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies’ subject to the small company regime.
MR JUNAID CHOUDHURY
Trustee/Director Approved by the board of trustees on 15[th] December 2020.
The notes attached on pages 13 to 15 form an integral part of these accounts.
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
Notes to the Accounts for the year ending 2021
Note 1 Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2019) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) ,effective January 2019, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration,.
Note 2 Accounting policies
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non- exchange transactions (gifts), investment income and other income. Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Membership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription
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RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD
purchases the right to services or benefits is recognised as income from charitable activities.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any particular activity.
Premises related costs - on the proportion of floor area occupied by a particular activity. Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
Estimation techniques used in apportioning costs - give details
Policies relating to assets, liabilities and provisions and other matters.
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Notes 3 Analysis of income
| 2021 2020 £ £ Donations and legacies:- Donation & Subscription Received S01 75,788 36,906 Charitable activities: S02 Total Income 36906 4649 Expenditure on raising funds: Paid for advertisement S08 4,600 4,497 Expenditure on charitable activities S09 Current year Unrestricted Funds Current year Restricted Funds Current year Total Funds Last year 2020 2020 2021 2020 £ £ £ Grants made to individuals 0 - 0 0 Grants made to organisations 35,324 0 35324 33450 Total grant making costs 35,324 35,324 33,450 Analysis of other expenditureS112021 2020 Accountancy fees 600 600 Advertising and PR 0 135 Bank charge & interest 258 1637 Commission paid 562 Equipment expense 311 Total 1731 2372 Creditors: amount falling due after more than one year Loan from individualB112,930 2,930 |
2021 2020 £ £ Donations and legacies:- Donation & Subscription Received S01 75,788 36,906 Charitable activities: S02 Total Income 36906 4649 Expenditure on raising funds: Paid for advertisement S08 4,600 4,497 Expenditure on charitable activities S09 Current year Unrestricted Funds Current year Restricted Funds Current year Total Funds Last year 2020 2020 2021 2020 £ £ £ Grants made to individuals 0 - 0 0 Grants made to organisations 35,324 0 35324 33450 Total grant making costs 35,324 35,324 33,450 Analysis of other expenditureS112021 2020 Accountancy fees 600 600 Advertising and PR 0 135 Bank charge & interest 258 1637 Commission paid 562 Equipment expense 311 Total 1731 2372 Creditors: amount falling due after more than one year Loan from individualB112,930 2,930 |
2021 2020 £ £ Donations and legacies:- Donation & Subscription Received S01 75,788 36,906 Charitable activities: S02 Total Income 36906 4649 Expenditure on raising funds: Paid for advertisement S08 4,600 4,497 Expenditure on charitable activities S09 Current year Unrestricted Funds Current year Restricted Funds Current year Total Funds Last year 2020 2020 2021 2020 £ £ £ Grants made to individuals 0 - 0 0 Grants made to organisations 35,324 0 35324 33450 Total grant making costs 35,324 35,324 33,450 Analysis of other expenditureS112021 2020 Accountancy fees 600 600 Advertising and PR 0 135 Bank charge & interest 258 1637 Commission paid 562 Equipment expense 311 Total 1731 2372 Creditors: amount falling due after more than one year Loan from individualB112,930 2,930 |
2020 £ 36,906 |
Last year 2020 0 33450 |
|---|---|---|---|---|
| 4649 | ||||
| 35,324 | 35,324 | 33,450 | ||
| S11 after more than one year B11 |
2021 2020 600 600 0 135 258 1637 562 311 1731 2372 2,930 2,930 |
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RDF CHARITY ACCOUNT 2021- 16.12.20[22647] Final ALJdil Report 2021-11-18 Created.. 2021-11-18 By.. arif linfo@syedarifimited.coml Slalus.. Signed Transaction ID.. CBJCHBCAABMRhuRjnDzGbcUYvOt9ROSXYuKgfflxRWc "RDF CHARITY ACCOUNT 2021 - 16.12.20[22647]" History Document created by syed arif linfo@syedariflimiled.com) 2021-11-18- 2..59..49 PM GMT Document emailed to Junaid Choudhury aunaidchy78@gmail.coml for signature 2021-11-18- 3.'00.'53 PM GMT Email viewed by Junaid Choudhury ts.unaidchy78@gmail.coml 2021-11-18- 3..06..41 PM GMT Document e-signed by Junaid Choudhury (J'unaidchy78@gmail.com) Signature Date.. 2021-11-18- 3..09..36 PM GMT- Titne Source.. setver Agreement completed. 2021-11-18- 3.'09.'36 PM GMT