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 2024**
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 2024**
|Contents|Page|
|---|---|
|Reference and Administrative Details|2-3|
|Trustees’ Report|4-8|
|Statement of Trustees’ Responsibilities|
9|
|Independent Examiner’s Report|10|
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Notes to the Financial Statements|13 to 16|
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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 is **RURAL DEVELOPMENT FOUNDATION (GLOBAL) LTD**
The charity is also known as **RDF**
## **THE CHARITY’S AREA OF OPERATION**
## **UK AND BANGLADESH**
## **LEGAL STRUCTURE OF THE CHARITY**
The charity’s governing document 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
1. Mohammed Talha Choudhary
2. Saleha Choudhury
3. Zoleika Begum
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
RDF Committee Volunteers
Mohammed Najmul Jamal Miah Fatiha Choudhury Farida Choudhury Fuzel Choudhury Khaleda Choudhury
Principal Administrator Muhammad Talha Choudhury
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 2024**
The Trustees present their Report and Accounts for the period ended 31[st] March 2024,
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 the running of the charity and its activities. To assist in the smooth running of the charity, the trustees have volunteers that helps them oversee certain aspects of the charity’s work. The volunteers are currently set up for financial, project fundraising and day-to-day management and report back to the trustees with their recommendations. The members meet monthly in meetings as the member’s group and also with the trustees at separately scheduled meetings. An assigned trustee will oversee the volunteer meetings.
## **Recruitment and appointment of trustees**
The existing trustees are responsible for the recruitment of new trustees, but in so doing, the trustees seek the views and recommendations 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’ meetings 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.
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
## **Objectives and activities**
## **Our aims**
The objects of the charity are set out in the charity’s memorandum of articles and are summarised 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 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 healthcare facilities for mothers within rural Bangladesh, where they can get support and help due to the lack of decent healthcare services.
We also support an educational academy for young children. Furthermore, we have taken on a new wave of projects which includes building sustainable houses for the homeless, providing clean water and sanitation, soup kitchens, Cataract camps and a winter project when warm clothing and blankets are distrusted in the destitute parts of Bangladesh in the winter season.
## **Strategies**
We want to make our charity accessible to everyone interested in our objectives.
We 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 teambuilding activities and, with this support, raising awareness of the charity’s main objectives as well as running different project campaigns.
**Mother Square Campaign:** Create awareness of maternal needs for mothers and children in rural Bangladesh.
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
**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. **Existing Projects:** Housing Project, Cataract Project, Soup Kitchen, Safe Water & Sanitation, Winter Project and Emergency Relief Projects. **New Projects:** WeCounsel Bangladesh **-** A psychotherapist service specializing in helping adults to cope with stressors; getting unstuck as they work through difficult moments and challenges in their lives. A service delivered by qualified Counsellors focusing on: Anxiety, Depression, Bereavement/Loss (including specialization in pregnancy-related loss), Family issues and Trauma.
## **Activities and achievements 01/04/23 - 31/03/24**
During the years 2023-2024, RDF held various events and distributed aid in the UK and Bangladesh.
RDF has also continued to provide a weekly soup kitchen in Sunamganj in winter of 2023 which fed up to 200 people daily.
Again, in early February 2023, the country witnessed a record drop in temperature, RDF organised another emergency blanket distribution programme to help the very vulnerable and elderly.
On 15.04.23, an event was hosted to empower women in the borough of Dagenham, Essex. About 300 people attended. Various topics were discussed, including women in business and entrepreneurship.
RDF further built 5 number of sustainable houses for families who have mentally impaired members and are living below the poverty line between June to September 2023.
In February 2024 RDF inaugurated a place of worship which capacitates for up to 200 people in a remote area of Sunamganj, Tahirpur.
By 15.03.24, RDF have delivered 30 number of water pumps in very remote areas, as part of the Safe Water Project.
On 01.03.24, 600 number of food pack supply which consisted a month’s supply for a midrange family was distributed in the most deprived areas of Sunamganj.
Funds have been raised to deliver such projects throughout the festive religious period - Ramadan, events and from RDF’s trekking weekends and day hikes in the United Kingdom listed below.
22[nd] June – The Ben Nevis Challenge
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
- 7[th] July – Al-Noor Boat Race
- 29[th] July – Ladies Snowdon Trek
- 10[th] October – Ladies Seven Sisters Walk
- 28[th] October – The Snowdon Challenge
- 17[th] November – The Cader Idris Challenge
- 2[nd] December – Hainault Forest Family Walk
Alongside fund-raising, these events allowed for team-building and networking opportunities for the participants.
## **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 the wider community in UK and Bangladesh.
1. Health care support & advice for mothers and children.
2. Educational lectures on healthcare.
3. Emergency relief due to natural disasters.
4. Youth training & team building.
5. Networking and communicating experience.
6. Life coaching skills
7. Trekking residential which incorporates leadership building skills.
8. Self-development challenges.
## **Plans for future periods**
In the immediate future, RDF aims to expand the much-needed medical services required in the rural areas of Bangladesh including, Cataract removal services and Dental services for the underprivileged people. Amidst the challenges faced and the existing projects (Housing Project, Cataract Project, Soup Kitchen, Safe Water & Sanitation, Winter Project and Emergency Relief). RDF have embarked with Project WeCounsel, a psychotherapist service specializing in helping adults to cope with stressors.
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
## **The financial position of the charity at 31 March 2024 and comparatives for the prior - period, as more fully detailed in the accounts, can be summarised as follows:**
The trustees consider the charity’s financial performance during the year satisfactory.
## **Policies on reserves.**
The trustees have reviewed the charity's reserves. They aim to hold enough funds to meet six months' operating costs.
Availability and adequacy of assets of each of the funds
|**Total Fund**|**2024**|**2023**|
|---|---|---|
||**£15,485**|£**39,028**|
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations concerning each fund.
## **Principal funding sources in the period and how these support the charity’s key objectives** .
The charity's primary source of income is donations and the surplus from fundraising activities.
## **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
- Prepare the accounts according to the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business; state whether applicable accounting
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
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 charity's assets and hence for taking reasonable steps to prevent and detect 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.
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 to implement the FRS 102 SORP (Statement of
These financial statements have been prepared by the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small company’s regime.
This report was approved by the board of trustees on 30[th] October 2024.
## **Signed on behalf of the Charity’s trustee**
Muhammad Talha 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 2024.**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/03/2024, as set out on pages 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:
• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- 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 any 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. understanding
Signed: Date:
Syed Arif Hussain Kazi (FMAAT)
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 2024, as required by the Companies Act 2006)**
|2024
Unrestricted
**Income & Endowments**
**from**:
£
Donations & Legacies
S01 41706
Charitable Activities
S02
66,612
**Total**
108,318
**Expenditure on:**
Raising funds
S08
13,072
Charitable activities
S09 88,725
Other
S11
30,064
**Total**
131,861
**Net income(expenditure) S13**
(23543)
**Net movement in funds**
15,485
**Reconciliation of funds:-**
Total funds b/forward
S23 39,028
**Total funs C/forward**
S24 15,485|2024
Unrestricted
**Income & Endowments**
**from**:
£
Donations & Legacies
S01 41706
Charitable Activities
S02
66,612
**Total**
108,318
**Expenditure on:**
Raising funds
S08
13,072
Charitable activities
S09 88,725
Other
S11
30,064
**Total**
131,861
**Net income(expenditure) S13**
(23543)
**Net movement in funds**
15,485
**Reconciliation of funds:-**
Total funds b/forward
S23 39,028
**Total funs C/forward**
S24 15,485|2024
Restricted
£
-
-|2024
Total
£
41,706
66,612|
|
|
|---|---|---|---|---|---|
|||||||
|||0|108,318|||
||13,072
88,725
30,064|0
0|13,072
88,725
30,064|||
||131,861|0|131,861|||
||(23543)|-|(23543)|||
||15,485|-
0
0|15,485|||
||39,028|||||
|||||||
||15,485|||||
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
All activities derive from continuing operations.
The notes attached on pages 12 to 15 form an integral part of these accounts.
## **Balance sheet**
## **As at 31[st] March 2023**
|**Fixed assets**
Plant and machinery etc B02
**Current assets**
Other debtors B07
Cash at bank and in hand
B09
**Total Current assets**
B10
**Liabilities:**
**Creditor**: Amounts falling due
within one year B11
Loan from individual
**Net Current assets/(liabilities)**B12
**Total assets less current liabilities**B13
**Creditors:**amounts falling due after B14
One year.
**Total net assets or liabilities**B16
**Funds of the Charity:**
Unrestricted funds
B19
**Total funds**B22|**2023**
**£**
0
0
18,015
18,015
(2530)
15,485
**15,485**
15,485
15,485
**15,485**|**2022**
**£**
0|
|---|---|---|
|||0
40,958|
|||40,958|
|||(1930)|
|||39,028|
|||**39,028**
39,028
**39028**|
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.
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
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 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.
## **Muhammad Talha Choudhury**
Trustee/Director
Approved by the board of trustees on 30[th] October 2024.
**The notes attached on pages 13 to 15 form an integral part of these accounts.**
**Notes to the Accounts for the year ending 2024**
## **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,.
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
## **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 another 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 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..
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
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.
## **Notes 3 Analysis of income**
|**Donations and legacies:-**
Donation & Subscription Received
**S01**
Income from fundraising activities
**S02**
**TOTAL**
**Expenditure on raising funds**:
**S08**|**2024**
**2023**
**£**
**£**
41,706
46,663
66,612
49,931
**108,318 96,594**|
|---|---|
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**RURAL DEVELOPMENT FOUNDATION GLOBAL LTD**
|**2024**
**2023**
Paid for advertisement
0
15,155
Transport
8,132 2,720
Venue Hire
4,940
6,625
**TOTAL**
**13,072 24,500**
**Expenditure on Charitable activities:**
**S09**
Grants made to own projects
48,725
54,829
Grants made to other Charities
40,000
15,733
**TOTAL**
**88,725**
**70,562**
**Analysis of other expenditures: S11**
Accountancy fees
1200
600
Advertising and PR
6770
1330
Bank charge & interest
383 409
Other legal and professional
8,478 0.00
Rent
9970
0.00
Repairs and maintenance
360
0.00
Staff training & welfare
219
0.00
Commission paid
562
562
Motoring Expense
700
0.00
Travel and subsistence
1422
6881
**TOTAL**
**29,364**
**9,782**
**Creditors: amount falling due after more than one year**
**The loan from individual**
**B11**
**1,930**
**1,930**
**Creditors: amount falling due within one year**
**Accruals:**
**600**
**0**|**2024**
0
8,132
4,940
**13,072**
48,725
40,000|**2023**
15,155
2,720
6,625|
|---|---|---|
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CHARITY ACCOUNT 2024
Final Audit Report
2024-11-20
Created..
2024-11-20
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syed arif linfo@syedarillimited.coml
Status..
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