Trustees, Annual Report for the period Period start date 01 ,.J8 Perioj end date 31 DeG From Section A Reference and administration details Charfty name Global Educational Trust Othor names charity is known by Reglsterod chaiity number (il any) 1144969 1 SC046627 Charltys prlnclpal address 2 Fox Lane Wakefield West Yofkshi Postcodo WF1 Names of tha charity trusteès who manage tho ¢harlty Dat•s act rf not for TA+1& ear Trustoo namg Office {if any) Nam• of p•rson lor body) entltled int trust ifan Junaid Rahim Z Ikhlaq 10 12 13 14 15 16 17 18 19 20 Names of thè trusteas for tho charlty, If any, {for example. any custodlan trusteos) Namo Datss acted if not for whole ear TAR Marth 2012
Names and addresses of advlsers (Optlonal Infomiation) of advisor Name Address Property ASTOP Ltd 49 Prebend Gardens. London. W6 OXT Accountancy Banklng Mark Mason 37 Euroway House. Roydsdale Way, Bradford. BD4 6SE 66 Westgate. Wakefield HSBC Name of chlef exècutive or names of Senlor staff members (Optional inforniatlon) Section B Structure, overnance and mana ement Descrlptlon of the charlty's trusts The goveming document of the Global Educational Trust is a Trust Deed Type of governlng document How the Charity is constituted The Global Educalional Trust is constituted by Trust Trustee selection methods Trustees are Appointed Additional governance Issues (Optlonal Infomiatlon) You may choose to include additional information. where relevant, about: policies and procedures adopted for the induction and training of trustees., the charitls organisational structure and any wider network with which Ihe chartty works; • relationship with any related parties., trustees, consideration of malor risks and the system and procedures to manage them. Section C Ob"ectives and activities Charity Objects: 1. THE ADVANCEMENT OF EDUCATION FOR THE BENEFIT OF THE PUBLIC IN THE UK IN PARTICULAR BUT NOT EXCLUSIVELY BY.. Summary of the objects of the charity sel out in its governing document AI PROVIDING OR ASSISTING IN THE PROVISION OF ITEMS OR SERVICES WHICH WILL IMPROVE STANDARDS OF LITERACY AND READING BI PROVIDING SCHOLARSHIPS OR BURSARIES TO PEOPLE TO ENABLE THEM TO AThEND COLLEGE OR UNIVERSITY THE PROVISION OF LEARNING MATERIALS AND EDUCATIONAL TAR March 2012
RESOURCES. DI TrIE PRoinsioN OF READING MATERIALS AND LITERATURE TO PROklOTE READING AND LITERACY. 2. THE ADVANCEMENT OF EDUCATION OVERSEAS IN PARTICULAR BUT NOT EXCLUSIVELY BY.. AI PROVIDING ORASSISTING IN THE PROVISION OF LEARNING RESOURCES AND TEACHING SUPPORT FOR ADULTS AND CHILDREN BI PROVIDING SCHOLARSHIPS OR BURSARIES TO PEOPLE TO ENABLE THEM TO AThEND SCH(X)L, COLLEGE OR UNIVERSITY Charity Actmtles: IN SEThING OUR 08JECTIVES AND PLANNING OUR ACTIVITIES THE TRUSTEES HAVE GIVEN CAREFUL CONSIDERATION TO THE CHARITY COMMISSION'S GLIIDANCE ON PUBLIC BENEFIT AND IN PARTICULAR TO ITS SUPPLEMENTARY PUBLIC BENEFIT GUIDANCE ON ADVANCING EDUCATICW. OUR AcmvmES: THE COLLECTION, SORTING, STORAGE AND RE-DISTRIBUTION OF READING AND EDUCATIONAL MATERIAL FOR THE ADVANCEMENT OF EDUCATION AND LITERACY IN LOCAL COMMUNITIES IN THE UK. Summary ofth8 main activities undertaken for Ihe public benefit in relation to Ihose objects (include wlthln Ihis section the statutory declarallon that trustees havo had regard to the guldan¢e Issued by the Charity Commlsslon on publlc benefft) OPERATING'GET FREE BOOKS. SHOPS ACROSS THE UK WHERE MEMBERS OF THE PUBLIC CAN TAKE A SELECTION OF BOOKS COMPLETELY FREE OF CHARGE. DELIVERING BOOKS AND READING MATERIALS TO THOSE MEMBERS OF SOCIETY WHO FIND TRAVELLING TO OUR FREE BOOKS SHOPS CHALLENGING. SUPPLYING BOOKS AND READING TERIAls TO SCHOOLS ACROSS THE UK. ENCOURAGING A LOVE OF READING BY MAKING BOOKS AND READING MATERIALS AVAILABLE TO CHILDREN FREE OF CHARGE. PROViSION OF FINANCIAL SUPPORT TO EDUCATION BASED CHARITABLE ACTIVITIES PROVSSION OF LIBRARY FACILITIES IN THE PHILLIPINES AND AFGHANISTAN AFTER THE DIFFICULTIES EXPERIENCEDACROSSTHE UK DURING THE PREVIOUS CHALLENGING PERIOD, GET IS PROUD TO CONFIRM THAT IT DID AGAIN ACCOMPLISH ITS GOAL OF DISTRSBUTING OVER 1 MILLION FREE BOOKS TO COMNdVNITIEg IN THE UK AND ABROAD. Addltlonal detalls of objectlves and actlvltles (Optlonal Infonnatlonl TAR March 2012
You may choose to indude further statements, where relevant, about: policy on granlmaking- policy programme related investsment., contribution made by volunteers. Section D Achievements and performance TAR March 2012
Section D Achievements and performance Summary of tha main achlevemants of the charlty durlng the year IN SUMMARY THE CHARITY TRUSTEES ARE PLEASED TO REPORT THE FOLLOWING ACTIVITIES: SOURCED, IMPLIMENTED AND MAINTAINED PREMISES ACROSS THE UK FROM WHICH IT WAS ABLE TO COMPLETE ITS CHARITABLE ACTIVITIES PROVIDED FREE BOOKS INTO COMMUNITIES VIA OUR'GET FREE BOOKS. SHOPS WHERE BOOKS ARE GIVEN AWAY FREE OF CHARGE TO MEMBERS OF THE PUBLIC WORKED WITH A DEDICATED NETWORK OF SUPPORTERS AND VOLUNTEERS PROVIDED DONATIONS OF BOOKS AND EDUCATIONAL MATERIALS TO SCHOOLS ACROSS THE UK DELIVERED BOOKS AND READING MATERIALS DIRECTLY TO THOSE MEMBERS OF OUR COMMUNITIES WHO FIND IT CHALLENGING TO ACCESS OUR FREE BOOKS SHOPS COLLECTED, SORTED AND REDISTRIBUTED BOOKS AND EDUCATIONAL MATERIAL INTO UK COMMUNITIES WITH THE HELP OF KIND DONATIONS, GET WERE ABLE TO UTILISE THEIR OWN PROPERTY IN CARMARTHEN AS A "GET FREE BOOKS" SHOP SERVING THE LOCAL COMMUNITY. THIS PROPERTY WAS PURCHASED WITH THE INCREDIBLY KIND DONATIONS OF OUR WONDERFUL VOLUNTEERS PROVISION OF LIBRARY FACILITIES IN THE PHILLIPINES AND AFGHANISTAN GET ACCOMPLISHED ITS GOAL OF DISTRIBUTING OVER 1 MILLION FREE BOOKS TO COMMUN ITIES IN THE UK AND ABROAD FOR FURTHER INFORMATION ABOUT THE CHARITIES ACTIVITIES, PLEASE SEE OUR WEBSITE AT VVWW.GLOBALEDUCATIONALTR TAR March 2012
Section E Financial review ANY RESERVES WILL BE CARRIED FORWARD IN THE PURSUANCE OF OUR CHARITABLE OBJECTIVES Brief statement of the charlty's policy on reserves Dotalls of any funds materialty In d1ClI Further flnancial rovlew dotails (Optional Information) You may choose to include additional infomation. where relevant about: the charity's principal sources of funds (including any fundraising)- how expenditure has supported the key objectives of the charity. investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the Irustees, report above. Signed on behalf of tho charity's truf Slgnature{s) Full name{s) JUINAID Position (eg Secretary, Chalr. TRUSTEE Dale 31.03.23 TAR Marth 2012
Office 37, EuD)w8yHous¢ Roydsda3e Way Bradford BD4 6SE 01924 284523 almaccount5@mail.com ALMACCOUNTS REGISTERED CHARITY NUMBER: 1144969 REPORT OF THE TRusfEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR GLOBAL EDUCATIOIIAL TRUST
GLOBAL EDUCATIONAL TRUST coNTEr5 OF THE FINANCIAL STATEMEr FOR YEAR ENDED 31 DECEMBER 2022 Pa8e Report ofthe TteeS Ito2 Report of the IndependentAceountsnts 3to6 statement of Flnandal ArtTrvities Balan Sheet Notes to the Flnanclal Ststements 9t012 Detalled Statement of Finanaal Actlvldes 13
GLOBAL EDUCATIONAL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustee5 present thelr report with the financlal ststernents of the ChaiFty for the year end 31 December 2022. The Trustees have adopted the provislons of Accounting and Reportlng by Charltie5.' Statement of Recommended Practice applicable to Charltles prèpartng their accounts In accordance with the Flnancial Reportlng Standard appllcable in the UK and Republtc of Ireland IFRS 1021 leffectfve ljanuary 20191 STRUCTURE, GOVERNANCE AND NAGEMENT Governlng Document The Chartty Is controlled by Its governlns document, a deed of trust and con5tltutes an unlncorpor3ted (*arfty. REFERENCE AND ADMINISTRATIVE DETAILS Re815tered Charfty Number 1144969 PRINapAL ADDRESS 2 Fox Lane Wakefield West York5hireWFI TRUSTEES Mrj Rahlm Mr Z Ikhlaq Mlss M Nagy AccouMfANTS ALM Accounts Ltd Office 37, Euroway House Roydsdale Way Bradford BD4 65E ounts om +44 1924 284523 STATEMENT OF TRUSTEES RESPONSIBILITIES TheTrustÈe5 are responsiblefor prèparingthe reportofthÈTrusteesand the Finandal Staternents in actordance with applicable law and UK accountingstsndards Iunlted Kingdorn Generalty Accept Accountln6 Pratticel. The law applScable to ¢harltles In England and Wales, the Charttles Act 2011, tharlty IAccounts and Reports) RegLtlations 2008 and provislons of thetrustdeed reqylres theTrustees to prepare financlal statements for each financial year which glve a true and fair wew of the state of affalr5 of the chartty and of the incomin8 resources and appllcation of resources, includlng the Tncome and expendlture of the charlty In that perfod. In preparing those financlal statements the Tru5tee5 are requlred to.. 5efert Suitable actouftting Policles and then applythern con5iStently. Ob5etve the methods and pilnclpals In the ChaTlty SORP Makejudgernent5 and estlmHtes that are reasonable and prudent. Prepare the financtal statsments on the golngconcem ba51s unless It Is rnappropriate to presume that the charltywlll continuè in business. TheTrLTrStees are re5ponslble for keeplng proper accountlng records whlch dlsdose wlth reasonable accuraty at any tlmÈ the flnancial posltlon of the charfty and to enable them to ensure that the financlal stètèments comply with the Charitles Act 2011. the Charlty (Accountsand Rèports) RelatIOnS 2(X)8 and thÈ provlsions of thefrust Deed. 7hey are also respgn5ible for safeguarding the assets of the charity and for taklng reasonable steps for the prevention and detection of fraud and otheT Irwularltles.
GLOBAL EDUCATIOIIAL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 Appr ed -order of the board of Trv5tees on 19 May 2023 and s18ned on Its behalf by.. hlm-Trustee
REPORT OF THE INDEPENDENT EXAMINERS (ACcoUrANTS) TO THE TRUSTEES OF GLOBAL EDUCATIONAL TRUST Opln We have examlned the flnanu31 statèments of the Gltsbal Educional Trust Ithe tharttyl forthe year ended 31 December 2022 which comprFse the Statement of finaneial actItIes, the Balance SheeL and notes to the financlal statements, Including a 5urnmary of %i8nlficant accountin8 policfes. The financral reportlng framework that hè5 been applied in their preparation isapplicabjewh1n the18wand Unlted KlngdomAttwntÈngStsndards Iunlted Klngdom Generdlly Aecepted Accounting Prartlcel. In our oplnlon th• flnancEal ststèrnwrt Give a true and fairvlewofthestateof the Chaws affalrs a5 at 31 December2022 and of Its incoming resour and applltatlon of resources forthe year then ended. Have been property prepared in actordanre wfth UnltÈd Klngdom Generally Accepted AccountlnB Practice Have been prepared in acCOrdanWIth the Charltie5 Att 2011 Bas1$ foroplnlon We concluded our examlnatlon in accordance wlth the Intematlon31 StaIard on Audltln8 IUKI IISAS IUKII and appllcable lèw. Our responslbilltles underthosÈ standards arefurther described in thè Independent Examlners responsibllltles for the examlnatlon of the flnantial statemettts sectlon of our report. We are indepèndent of the Charlty in actordance wlth the ethlcal requlrements that are relevant to our examlnation of the flnanclal statements in the UK, Indudlngthe FRes EthFcal Standard and we have fulfilled all our ethlcal respon51biiitie5 in accordance wlth these requlrements. We believe that the evtdence we have obtslned 15 suffitient and approprlate to provlde a basis for our examiners, oplnion. Conclusions relatlngto Goln8 Concern In examining the ftnanclal statements, we have conduded that the Tru5tees' use of the GolnE Concern basls of accountlng in the preparation of the finandal statèments is approprtaté. Based on the work we have perforrned, we have not Identified any materlal UnrtaIntleS relating to events or condltlonsthat, Indivlduallyoreollectivety. May castd0ubtonthecharlS abilttytocontlnuèas aG0ingConM for a pertod of at least 12 months from the date the financial statements were authorised for $Ye. Our responsibllitlès and the responsibFlities of trustee5 wlth respect to Going Conrn are descrtbed In the retevantsecOnS of this report. Emphask of ntt4r Durin8 the 2018 and 2019 years erKls the tharlty was subject to zn Investwion by the Charttles Commisslon and a full £ornpliance theck carrled out. The Charltle5 Commtsslon provlded an actloft plan for the charjty to Implement and the case was cjosed wlth a satlsfartory outcome on 19th November 2019. In subsequent years the drents record keeplng has Improved and there Is only a Ilmitatlon of scope when provldlng sufflclent evidence fgrour exarnlnatton. In rejatlon to cash expendire recorded. The client a150 ha5 a shop whtch Is run under the name of 'Camiarthen Free Books., whlch producÈ5 Its own independentfy e*érnlned accounts. The infomiatlon tontslnÈd in these accounts has been illcluded In th3 tharltses accounts as è net Income less expendoture value ratherthan a full consolidation. Chjr oplnlon Is not modified In respect of thls matter. Other Inf4xrnatlon The Trustees are responslble for the other Informatlon. The othèr InfomiatioTr comprfses the Informatlon Included In the Annual ReporL other than the flnallcial statsrnents and our report on our Independent examlnation thereon.
Ouropinlon onthefinandal statements does notcovertheother informatlon and excepttotheextent otherwise explicltStsted In our reptsrt, we do not express any forni of assurano concluslon the¥eon. In connertion wlth our Independent examlnation of the flnanclal statements, our respon5ibillty Is to read the other informatiDn and in doill8 50, conslder whetr the other inforrnation Is mèterially k)consistent wlth the flnancial statements, or our knowledge obtained in the examination or othenA5e appears to be materialty misstateLI. If we Identtfysuch materlal Inconsistenues or apparent materlal mls5tatements. we are requlred to deterrnine wttether this gfves rlse to a materfal mls5tatement in the finanoal ststements themselve5. If, based )n the workwe have perfomied. we consldef there Is a material mi5Statementof thls otherinforrnation. we are requlred to reportthat fact We havè nothirvx to report In thls iegard.
REPORT OF THE INDEPENDEKf EXAMINERS (ACCOUNTAKrsi ro ThE TRUSTEES OF GLOBAL EDUCATIONAL TRUST MatteYs¢)n whlth we arn re4ulred to r¢port by exception. We have nothing to report In respect of the followlng matters Whe the Charltle5 IAtcounts and Reports) Regulatlons 2008 require5 US to report to you . In oplnion.. The infomiation glven in the report of the Trusteès is Inconsistent In any materlal respect wlth the flnantial statements. Sufflclent accounting lerdS have not been kept ThÈ ffnantial ststements are not In agreemer¢t wlth the accountlng records and returns. We have not r*ived all the Infom)aUon and explanatlons we requiie for our examlnatlon afid report. RespDnsJbllltl8s of Trust$ As explained rnore fvlly rn the statement of Tritttees Responsibllttle4 the Trustees are responslble for the preparatlon of the financial statements which glve a true and talr vlew. and for such intsmal control as the Trustees determlne Is flecsary to enable the preparation of flnanclal ststemertts that are free from material mis5tstements, whether due to frdud or error. In prÈparfng thé financlal ststements the Trustees are responslble for assesslngihe charitls ability to contSnue as a Going Concern, dlsclosing as applicable, matters related to goln8 concem and using the going concern basls of accountlng unless the Trustees èher Intend to Ilquidate the charity or cease operations, or have no reallstlc altemative butto do $0. Our responslbllFties forthe independent examlnation of the finandal statements We have been appolnted a5 Independent examiners and tornply with secElon 145 of the Charfties Art 2011 and rep¢)rt In accordance wlth the Act and relewant reÈu13tions made or having effect thereunder. Our objectlves are to obtsin reasonable assurance about whetherthe financial statements as a whole are free from material mlsst3ternent, whether due to fraud or error ond to Issue a report of the Independent Examiners that includes our oplnion. Reasonable assurance is a hlgh level of a5suraneè. but is not a guarantee that our examlnation, whilst condurted In accordance with ISA'S IUKI will alway5 detect a materfal rnis5tatement whe exSsts. The extent to whlch our prOdureS are capable of detecting irregularles, Indurfing fraud is detslled below.. Irregularities, includin8 fra4Jd are Instan9 of non-compllance wlth laws and regulatlon5. We have adopted produreS in line with our responslblllties, outlined above, to detect rnaterlal misstatements In respect of Irre8ulariri•g. IYbeiu4Y4n8 fr•ud. Wg our professlonol luolgement and malntsits pr(rfe551onal scepticism throu8houtthe examlnation whllst also.. Evaluatlng and documentin8 5nherent risks Undèistandlngthe effettiveness of intemal ¢ontToI systems Evaluating the rtsks of m3n3gement override of controls Revlewlng the financial statement disclosures and testin8 to supporfng docurnentstlon to assess Complian wlth applicable laws and regulatlons. ses51ng and Identifylng areas suseeptibleto mlsststement during ourfraud dtscvsslons Revlevring mlnutes of meetings of those persons charged with govemance. Evaluatln8 the approprlateness of attounting pollcles A fvrther dÈ5uipUon of our responsibllrf(ies for thls examlnatlon of the ftnanclal ststements located on the flnaTrdal reporting councll's website at www.fr 0[&k. Thls descriptlon forms part of our report of the independent examiners.
REPORT OF THE INDEPENDENT EXAMINERS (ACCOUNTANTS) TO ThE TRUSTEES OF GLOBAL EDUCATIONAL TRUST Uofour report This report is made solety to the Charlty's Trustees, as a body, in accordano wlth part 4 0 the Chatttle5 (Accoynts and Report51 Re8ulations 2008. Our inspertlon and examlnation work has beén undertakèn 50 that we rnight state to the Trustees those matters we are requlred to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law. we do not apt or assume respon5trblllty tp anyone other than the Charlty and the Charlty Trn5tees as a body, for our ex8mlnation work, for this reporL or for the oplnlon5 we have formed. For and on behalf of Aim Accounts Ltd Office 37. Euroway Housè Roydsdale Way Brddford BD4 6SE almacc unts +44 1924 284523 rnail. Mark Mason
GLOBAL EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 202Z Perlod 1.1.21 to 31.12.21 Total funds Year Ended 31.12.22 Total fund5 Unrestrlcted fund Restricted fund Notes INCOME AND ENDOWMENfs FROM Donation5 and legacies 185,908 185,908 277,041 Othertradin8 atbvities 106.4QK) 106.4 142,5(M) Totsl 292,308 292,308 419.541 EXPENDITURE ON Raising funds 177,890 177,890 336,718 Charltable actlvltles Donation5 made 125,346 125,346 101,443 Total 303.236 303,236 438.ISI NEf INCOMEI(EXPENDifuRE) 110,9281 110,9281 118.6201 RECONCILIATION OF FUNDS Total funds brought forward 102,424 247,5LXJ 349,924 368,544 TOTAL FUNDS CARRIED FORWARD 113.352 247,5LKJ 360,852 349,924
GLOBAL EDUCATIONAL TRusr BALANCE SHEEr 31 DECEMBER 2022 2022 Total fvnds 2021 Total funds Uttre5trÉctÈd fund Restricted fund Notes FIXED ASSETS Tan8lble assets 247.500 247,5tXJ 247,5 CURRENf ASSErs Stod Cash at bank 98,1XKJ 7.059 89,500 17,988 7,059 105,059 105.059 107,488 CREDITORS Amounts falllnB due within oneyear 117921 12,7921 15,0641 NET CURRENf ASSErs IOL267 102,267 102,424 TOTAL ASSETS LESS CURRENT LIABILITIES 349.767 349,767 349,924 NET ASSETS 349,767 349,767 349,924 FUNDS Unrestrfcted funds Restricted funds 102,267 247,5(X) 102,424 247,500 TOTAL FUNDS 349.767 349.924 The financlal statementswerè approved bythe Board of Trustees and authortsed for Issueon 2 July 2023 and were slgned on Its behalf by.. Mrj Rahlm-Trustee Yhemote5f¢rpartofYwefinaKWstatements
GLOBAL EDUCATIONAL TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 l. ACcoUnG pouaES Basls of preparlngthe flnandal stthments The flnallcial statemeTrts of the Charity, whlch Is a public benefit entity under FRS 102. have been prepared In accordance wlth the Chailtles SORP IFRS 1021 'Accounting and Reportln8 by charltjes: Statement of Rec¢mmendÈd Practice applicable to charttles prepailng thelr accounts in accordance the Financial Reportlng Standard appSicable the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191,, Financial Reportlng Standard 102 Yhe Flnanclal Reportlng Standard apICable In the UK and Republlcof Ireland, an¢J the Charltles Act 2011. Thè finala1 Statements have been prepared underthe historlcal cost conventlon. Flnandal Roportlng Standard 102- reduced dfsclosurè exemptlons The eharlty has tsken advantage of thefollowing disclosure exernptlons In preparfn8 theseffn3nc&al ststements, as permitted by FRS 102 The Flnanclal Reporting Standards applitable in the UK and Republlc of Irelanrf. The requirement of section 7 Ststement of Cash Flows Income l income Is recggnised In the statement of finandal affrdirs once the charlty has entitlement to the funds, It Is probable that the income will be r1ved. and the amount can be measured relsabty. Expendlture Liabllltles are recognlsed a5 expenditure as soon as there is a legal or con5truct6ve obligation committlng the arltyto that expendlture. it 15 probablethat a transfer of economlc benefits wlll be Tequlred in settlement and thè amourt of the obllgatlon can be rneasured rellably. Expendlture Is accounted for on an accrual basi5 and has been classlfied under headin85 that aggregate all costs related to the cateEtsry. Where costs cannot be directly attributed to a particular headsn& they have been alloted on a basls corkslstent wtth the use of resources. Grants offwed subjertto condltlonswhlth ha¥e not met at the yeaT end date are noted as a commTtment but not acuued as expenditu. TartV4blq Ilx•d Tangible fixed assets relate to a freehold property. The Trus¢ees have chosen the revaluation model of accoulltlng and wlll rlewthe valuatlon of the PFoperty every 5 yeaTS. Stocks are valued at the lower of cost and net reallsable value, after Man6 due allowances lor obsolete and sILX¥-movln8 Items. Taxatlon Thè charity ts exempt from tax on Its chafltable attlvltses. Fund accountln Unrestricted funds ran be used In accordoncewtth the charltrdble objectlves atthe dlsuetlon of thÈ Trustee5. RestACted fvnds can onty be used for the particular restricted Purpose wlthin the objects of the charity. Re5trlctSons alise when spethfled by the donoT or when funds are ra15ed for a particular restricted purpose. Furtherexplanatlgn of the nature and purpose of eath fund is Induded In the Aotesto thefinanclal statements. CoTrttntsgd..
GLOBAL EDUCATIONAL TRusr NOTE5 TO ThE FINANCIAL STATEMEKf5- contlnued FOR THE YEAR ENDED 31 DECEMBER 2022 OTHER TRADING AcnvrriES Period 1.1.21 to Year Ended 31.12.22 31.12.21 Shop income 106AOO 142.500 RAISING FUNDS Investment managernent costs Perfod 1.1.21 To Year Ended 31.12.22 31.12.21 Administrative expense5 Property repai 2,178 11,188 3,057 30,724 13A66 33,781 TRusfEE5' REMUNERATION AND BENEFITS There werè no trustees, rem*Jneratlon or other benefltsfor thé year ended 31 December 2022 nor for the perlod ended 31 December 2021 Trnstees exptn5e5 Th4r• ww• tru¥teW •>p•nw Pai4a for th• y•ar r•ndqd 31 D•c•Mb•f 2022 nor for the period ended 31 Dernbel 2021 5. COMPARATIVE5 FOR THE sfATEMENT OF FINANCIAL ACTivrriES Unrestrlcted Restritted Total ftinds fund fund INCOME AND ENI)OWMENTS FROM Donatlons and legaCS 261641 I4.4) 277,041 Other trading actlvitles 142.5¢)0 142,5(hJ Total 405.1 419.541 coi)t4nued.... io
COMPARATIVES FOR THE sfATEMENT OF FINANaAL AcfiviTIES • contlnued Unrestrlcted Restrlcted Totsl fund5 fvnd fvnd EXPENDrruRE ON RHisinB fund5 336,718 336,718 Charft3ble actlTAtle5 Donatlons made 101,443 101.443 Yotsl 438,161 438.161 NET INCOMEIIEXPENI)ITUREI 118.6201 {18,6201 Transfs botwe•n funds Net movement In fund5 IU.6201 (ts,6201 RECONCIUATI(XI OF FUNDS Totalfunds brought fonvard 1,044 247,500 368.544 TOTAL FUNDS CARRIED FORWARD IOU24 247,500 349,924 6. TANGIBL£ FIXED ASSETS Freehold property cosr At ljanuary 2022 and 31 December 2022 247.5C¥J NET BOOK VALUE At 31 December 2022 247 At 310tt4mb•r 2021 IrKludEdlnw5toFyaknatknutkndand bJMdlnytslrWdndQF£I47jx),WffikhL4nOtdpr9jted. 7. sfocKS 2022 2021 Stocks 89.500 8. CREDITORS: AMOUNTS FAWNG DUE WIThIN ONE YEAR 2022 2021 Taxatlon and Sodal Securlty other uedltors 1542 1250 2792 1,464 3.600 li
- MOVEMENT IN FUNDS Net movement in funds At 31.12.22 At Ll.22 Unreslrkted fvnds General fiind 102.424 11571 102,267 Restrkted funds Restricted fvnd 247,500 247,500 TOTAL FUNDS 349,924 11571 349,767 Net movement in funds, Included In the above are as follows: Incomlng Resources Movement ourcÈ5 expended In funds Unrestrlrted funds General fund 292.308 1303.2361 110,9281 TOTAL FUNDS 292AOB 13032361 110,9281 Comparauves for movement in fund5 Net movement In funds TraRsfws between funds At 1.1.22 At 1.1.21 Unr•5trlded fvnds General fvnd 121,044 118,6201 102,424 RestrlrtÈd *unds Restricted fund 247,500 247,500 TOTAL FUNDS 368.544 Its.6} 349,924 Cornparativo not movament In fu4ds. induded In the Èbove Jre as follow5". Incomlne Resources Movement resources expended In fund5 Ilnrestrftted funds General fund 405,141 1423.7611 118.6201 Re5trlrted lunds Restrirted fund 14,4 114,4001 TOTALFUNDS 419W 1438,1611 118,6201
- RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Detember 2022 12
GLOBAL EDUCATIONAL TRusr DETAILED STATEMENT OF FINANaAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2022 PeriTr 1.1.21 To 31.12.21 Year Ended 31.12.22 INCOME AND ENtK)WMEiirs Dtsnatl artd legades Glfts Donations 84,955 IIXJ,953 91.767 185,274 277.041 Othertradlng actlvltles Shop income 106,4OJ 142.SC¥) Total incomln8 resources 292,308 419,541 EXPENDITURE Ralsln8 donatlons and leeacles Wage5 Rates and water Insurance and bank chary5 Sundrles 84.955 7,603 3,136 10.086 105,780 91,767 88,582 3,335 4,250 187,934 Othertrndlng artlvltle5 Purchases IC(J,2C4) I15,(3 Investment Manernent costs Administrative expenses Property repalrs 2,178 11,188 13,366 3.057 30,724 33.781 Charitable activities Grants to institionS 18,046 15,172 Support $t5 Management Wages 4,950 40,ICO Governance costs Auditors, remuneration Accountbn¢y Legal and professlonal fee5 1250 59,644 60,894 850 41,721 46,171 Totsl resources expended Net lexpenditurn)lincom• 303,236 110.9281 438.161 {18,620} This page does notfom) part ofthe statutoryflnanclal statements 13
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ GLOBAL EDUCATIONAL TRUST members of 31[ST] DECEMBER 2022 Charity 1144969 On accounts for the no (if SC046627 year ended any) Set out on pages 1 and 2
Respective The charity's trustees are responsible for the preparation of the responsibilities of accounts. The charity’s trustees consider that an audit is not required trustees and examiner for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent My examination was carried out in accordance with general examiner’s statement 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 the 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.
Independent In connection with my examination, no matter has come to my examiner's attention (other than that disclosed below ) statement* 1. which gives me reasonable cause to believe that in, any material
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Please delete the words in the brackets if they do not apply.
Signed: Name: Mark Mason
Date: 02/JUN/2023
1
March 2012
IER
Relevant professional AAT qualification(s) or body (if any):
Address: ALM Accounts, Office 37, Euroway House, Roydsdale way,
Bradford, BD4 6SE
Section B Disclosure
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose .
2
March 2012
IER