Trustees. Annual Report for the period Period start date 01 Jan Period end date 31 De 2024 From To Section A Reference and administration details Charlty name lobal Educational Trust Other names charlty Is known by Roglstared charlty number (If any) 1144969 1 SC046627 Charlty's prlncipal address 55 Riverdal8 Avenue Wakefield West Yorkshiro Postcode WF3 4LF Names of thè Charlty truslees who manage thé charlty Date8 actod If not for whole oar Tru$ig9 nam• Offle• (If any) Nam• of p8rson (or body) ontillfjd loa nt tiustse Ifan Junaid Rahim Z Ikhlaq 10 12 13 15 16 17 18 19 20 Namas of the trustees for Ihe charfty, If any, (for example, any custodlan trustées) Name Dates acted If not for wholo ear TAR Marth 2012
Names and addre55es of advlsers (Optlonal informatlon) e of advlser Name Address Property ASTOP Ltd 49 Prebend Gardens, London, W6 OXT Accountancy 37 Eurcfway House. Roydsdale Way, Bradford, BD4 6SE Banklng 66 Westgate, Wakefield Mark Mason HSBC Name of chlef executlve or names of s8nlor stsff memberJ (Optlonal Informatlon) Section B Structure, overnance and mana ement Descrfptlon of the charlty's trusts The governing document of the Global Educational Trust Is a Trust Deed Typ8 of governing document How the charity is constituted The Global Educational Trust is constituted by Trust Trustee selection methods Trustees are Appolnted Addltlonal governance Issues (Optlonal Informatlon) You may choose to include additional information, where relevant, about: pol icies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works; • relatlonship wlth any related parties., trustees, Gonslderation of major 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 ofthe objects ofthe charty set out In Its governlng document A} PROVIDING OR ASSISTING IN THE PROVISION OF ITEMS OR SERVICES WHICH WILL IMPROVE STANDARDS OF LITERACY AND READING B) PROVIDING SCHOLARSHIPS OR BURSARIES TO PEOPLE TO ENABLE THEM TO ArrEND COLLEGE OR UNIVERSITY THE PROVISION OF LEARNING MATERIALS AND EDUCATIONAL TAR March 2012
RESOURCES, D) THE PROVISION OF READING MATERLALS AND LITERATURE TO PROMOTE READING LITERACY. 2. THE ADVANCEMENT OF EDUCATION OVERSEAS IN PARTICULAR BUT NOT EXCLUSIVELY BY: AI PROVIDING OR ASSISTING IN THE PROVISION OF LEARNING RESOURCES AND TEACHING SUPPORT FOR AOULTS AND CHILDREN B) PROVIDING SGHOLARSHIP6 OR BURSARIES TO PEOPLE TO ENABLE THEM TO AThEND SCHOOL. COLLEGE OR UNIVERSITY Charfty Activlties: IN SErriNG OUR OBJECTIVES ANO PLANNING OUR ACTIVITIES THE TRUSTEES HAVE GIVEN CAREFUL CONSIDERATION TO THE CHARITY COMMISSION'S GUIDANCE ON PUBLIC BENEFIT AND IN PARTICULAR TO ITS SUPPLEMENTARY PUBLIC BENEFIT GUIDANCE ON ADVANCING EDUCATION. OUR ACTivrriE8: 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 of the maln actlvlties undertaken for tho publlc beneflt In relatlon to these objects (Include wfthln thls sectlon thè stalutory declaratlon that trustees have had regard to Ihe guldance 188ued by the Charlty Commlsslon on publlc beneflt) OPERATINQ -Gwf FREE BOOKS" SHOPS ACROSS THE UK WHERE MEMBERS OF THE PLIBLIC CAN TAKE A SELECTION OF BOOKS COMPLETELY FREE OF CHARGE. DELIVERING BOOKS AND READING MATERIALS TO THOSE MEMBERS OF SOCIETY WHO FIND TR4VELLING TO OUR FREE BOOKS SHOPS CWLENGING. SUPPLYING BOOKS AND READING MATERIALS TO SCHOOLS ACROSS THE UK. ENCOURAGING A LOVE OF RIAOING BY MAKING BOOKS AND READING MATERIALS AVAILABLE TO CHILDREN FREE OF CHARGE. PROVISION OF FINANCIAL SUPPORT TO EDUCATION BASED CHARITABLE ACTivrriES PROVISION OF LIBRARY FACILITIES IN THE PHILLIPINES AND AFGHANISTAN AFTER THE DIFFICULTIES EXPERIENCED ACROSS THE UK DURING THE PREVIOUS CHALLENGING PERIOD, GET IS PROUD"IO CONFIKM IHA I IT DID AGAIN ACCOMPLISFI ITS GOAL OF DISTRIBUTING OVER 1 MILLION FREE BOOKS TO COMMUNITIES IN THE UK AND ABROAD. Addltlonal detalls of obJectlv8s and actlvltles (Optlonal Inforniatlon) TAR Marth 2012
You may choose to include further statements, where relevant, about: policy on grantmaking; policy programme related investment; contribulion mad8 by volunteers. Section D Achievements and performance TAR March 2012
Section D Achievements and performance Summary of the maln achievements of the Gharlty during 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.GLOBALEDUCATIONALTRUST.ORG TAR March 2012
Section E Financial review ANY RESERVES WILL BE CARRIED FORWARD IN THE PURSUANCE OF OUR CHARITABLE OBJECTIVES Brlef sLqtement of the charity's pollcy on reserves Detalls of any funds materlally In deficit Further flnanclal revlew dotalls (Optlonal Infonnatlon) You may choose to include additional information, 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 apAroved the trustees, report above. Slgned on behalf of the charlty's tnpt•es Slgnature(s) Full name(s) Posltlon (eg Secretary, Chalr, etc) JUN ID RAHIM TRUSTEE Date 26.06.25 TAR Marth 2012
OLTice 37, Euroway House Roydsdale Way Bi'adford BD4 OSE 01924 284523 almaccount5@mail,com ALMACCOUNTS REGisfERED CHARITY NUMBER: 1144969 (England and Wales) REGISTERED CHARITY NUMBER: SC046627 (Scotland) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR GLOBAL EDUCATIONAL TRUST
GLOBAL EDUCATIONAL TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Ito2 Report ofthe Independent Accountants 3to6 Statemént of Financial Aetivitias Balanc• Sh••t Notes to the Flnanclal Statements 9t012 DetalSed Statement of Financial Activltles 13
GLOBAL EDUCATIONAL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report wlth the flnan¢i•l statements of thè Charity for the year •nd•d 31 D•e•mb•r 2024. The Trustees have adopted the provisions of Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019) STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Tha Charity Is controlled by its governing document, a deed of trust and constltutes an unlncorporated charity. REFERENCE AND ADMINISTRATIVE DEfAILS Re81Stered Charity Number 1144969 (England and Walesl- SC046627 Iscotlandl PRINCIPAL ADDRESS 55 Riverdale Avenue, Stanley, Wakefield, WF3 4LF CHAIRMAN Mr Mohammad Yusuf Bashforth BANK FACILITIES Provlded by HSBC 8anK 66 Westgate, Wakefteld, WFI IX8 Sort Code: 40 45 11 Account Number.. 02216949 Bank Account 518n•iorfe5: The TWO Signatories required to sign to withdraw funds trom the above account are MR MOHAMMAD YUSUF BASHFORTH and MR JUNAID K4HIM jointly- Th0 authOSed to withdraw the amoLFnts must do so jointly, lat leagt people ta8ethèr). ACCOUNTANTS ALM Accounts Ltd Office 37, Euroway House Roydsdale Way Bradford BD4 6SE +44 1924 284523 STATEMENT OF TRUSTEES RESPONSIBILITIES The Tru•tee• are reJpon#lble for preparln8 the report of the Trustees and the Flnanelal Statement5 in accordance wlth appllcable law and UK accounting standards (United Kingdom Generally Accepted Accountin8 Pra¢tl¢el, The law applicable to ¢harltie5 in En8land and Wales, the Charltles Act 2011, Charity (Accounts and Reports) Regulations 2008 and provisions of the trust deed requlre5 the Trustees to prepare flnancial statements for each financial year which glve a true and fair vlew of the state of affairs of the charity and of the incoming resoureès and application of resources, includin8 the income and oxpend iturè of the charity in that period. In preparln8 those flnancial statements the Trusteès are required to: Select sultable accountin8 poliGies and then apply them conslstently. Observe the methods and prin¢lpals in the Charity SORP Make jud8ements 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,
The Trustees are responsible for keepin8 proper acwunting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts ar)d Reports) Regulations 2008 and the provlslons of the Trust Deed. They are also responslble for safe8uardin8 the assets of thè charity and for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Ap y order of tho board of Trustees on 25 June 2025 on its behalf by: Mrj hlm - Trustee
REPORT OF THE INDEPENDEKf EXAMINERS IACCOUNTANTS) TO THE TRUSTEES OF GLOBAL EDUCATIONAL TRUST Oplnlon We have examlned the financial statements of the fjlob41 Educational Trust Itho charlty) for the year end•d 31 December 2024 which comprisè the statement of flnancial activities, the Balance Shèet, and notes to the f inancial statements. in¢ludln£ a summary of significant accountini pelieies. The financlal reportlng framework that has been applied in their prèparation is applicable within the law and United Kingdom Accounting Standards {United Kingdom Generally A¢cepted Accountin8 Practice). In our oplnion the flnanclal statements: Give a true and fairview of the state of the CharlVs affairs as at 31 December 2024 and of its Incomlng resources and application of résources for the year thon ended. Havè been properly preparéd In accordance wlth Unlt•d Kin8dom Gonerally Aeeeptéd Accountin8 PrnctlC8 Have been prepared in accordance with the Chariti•s Act 2011 Basls for oplnion We concludéd our examlnatlon in accordance wlth the Intemational Standard on Audltlll8 (UK) IISAS {UK)) and applicable law. Our r2sponsibilities under those stsndards are furthÈr described in the I ndependent Examlnors responsibilltles for the examlnatlon of the flnanclal statement5 5ectlon of our report. We are independent of the Charity in accordance with the ethl¢al requlrement5 that are relevant to our examination of the financial statements In the UK, including the FRCS Ethical Standard and we have f ulfilled all our ethlcal responslbllStle5 In accordance wlth these requirement5, We belleve that the evidence we have obtalned Ss sufficient and appropriate to provide a basis fcr our examiners, opinion, Conduslons relatln8 to fjol Concern In examinlnl the financial 5titements, we have concluded that the Trusteès, use of the Goini Concern basls of aecountinz in the preparation of the flnancial statements Is approprlate. Based on the work we have performed, we havè not Id£ntified any material uncertaintles relating to ev•nts or condltlons that, indivldually orcollectlvelyi may cast doubt on the Charitvs abilityto continue as a Goin8 Concern for a pariod of at l•ast 12 months from the dato the financial statements wore authorised for issu•. Our responsibillties and thé rèsponslbilities of trustees with m5pect to Going Concern Jre d•scribed in the relevant sectlons of thls report. Ernpha51s of matter Durln8 the 2018 and 2019 years ends the Charity was subject to an investlgati¢n by the Charities Commlssion and a full compllanGe check carrled out. The Charltles Commlsslon provlded an action plan for the charity to implement and the case wa5 closed wlth a satisfactory outeome on 19 November 2019. In subsequent years the cllents record keepln8 h05 improved and there Is on5y a Ilmltation of Scope when providin8 sufficient èvldence for our •xamln4tlon, in relation to cash expenditure recorded. The client also has a shop whi¢h is run under the name of 'Carmarthen Free Book. whlch produces its own indepèndently examined accounts. The informatlon contained in these account5 ha5 been included in the charlties accounts as a net income less expenditure value fdthor than a full consolldatlon. Ouroplnion is not modlfied In respect of thls matter, Other Inforrnatlon The Trustees are responsible for the other informatlon. The other information comprises the information included in tha Annual Report, othr than the finaneial statements and our report on our ind¢pendent examination thereon.
Ouropiniononthefinancial statementsdoes notcovertheother infcrmatlon and excepttotheextentotherwlse expllcttly statèd in our report, we do not express anyform of assurance conclusion thereon. In tonnectlon wlth our independent examlnatlon of the flnanclal statements. our responslbility is to read the other information and in doing 50, consider whether other information is materially inconsistent with the financial statements, or our knowled8e obtaineé in the examlnation er otherwise appears to be materlally misstated. If we identify such material inconsistencie5 or apparent materia1 misstatements, we are required to determine whether thls glves rlse to a material misstatement in the flnancial statements themselves. If, based onthe work we have performed, we con5iderthere Is a rnaterlal misstatement of thls othèr information, we are requlred to reportthat fact. We have nothingto report In th15 re8ard.
REPORTOF THE INDEPENDENT EXAMINERS (ACCOUNTANTS) TO THETRUSTEES OF GLOBAL EDUCATIONAL TRUST Matters on whlch we are requlred to report by exceptm, We have nothing to report in respect of the followlng matters where the Charities (Accounts and Reports) Kegulatlons 2008 requlres u5 to report to you If, In our opinion: The Informatlon glven in the report of the Trustees Is Inconsistent in any material respect with the f Inancial ststéments. Sufflclent accountln8 records have not been kept. The flnancial statement5 are not In agreement with the account5n8 records and returns. We have not received all the Informatlon and explanation5 we require for our examlnatlon and report, Responslbllltles of Trustees As explained more fully in the statement of Trustees Responsibilities, the Trustees are responsible for the preparation of the f inanclal statements which give a trLte and falr view, and for such internal control as the Trustees determina is necessary to enable thè preparation of financial statements that aro fr8e from materlal mlsstatements, whethér due to fraud or error. In preparing the financlal statements the Trustee5 are responslble for assesslng the charlty's ablllty to continue as a Going Concem, dlsclosin8 as applicable, matters related to goin8 concern and usSng the going con¢ern bas15 of accounting unless the Trustees either Intend to liq uidate the charity or cease operations, or have no realistlc alternatlve but to do so. Our responslbllltles tor the Independent exJmlnatlon of the flnanclal statements We have been appolnted as indapendent examiners and comply wlth sectSon 145 of the Charltle5 Art 2011 and reFrt in accordance with the Act and relevant regulations made or having effect thereunder, Our objaetlves are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal mlsstatement. whéther du• to fraud orerror and to issue a report of the Independent Examlners that Includes our opinlon. Rea50nable assurance 15 a high level of assurance, but is not a 8uarantee that our examination, whilst conducted in accordancé with ISA'S IUKI will always detect a material misstatement when It exists. Th• •xtent to whlch our procedures are capable of delectlng Irregularltles, Includlng fraud Is detailed below.. Irre8ularltles, including fraud are Instances of non-compliance with laws and regulatlons, We have adopted procedures in line with our responslbllltles, outllned above, to detect material misstatements in respect of Irregularities, including fraud. We exercise our professional ludgement and maintaln professional scepticlsm throughout the examination whllst also,. Evaluating and docurnentlng Inherent rlsks U nderstanding the effectlveness of Internal control systems Evaluating the risks of mana8ement overrlde of controls Reviewing the financlal statement dlsclosurés and testing to supportin8 documentatlon to assess complianee with applicable laws and regulatlons. Assessing and identlfying areas susceptible to mlsstatement durin8 our fraud discusslons Reviewing minutes of meetin85 of those persons charged wlth 8overnanee. Evaluating the appropriateness of accounting polities A further description of our responsibilities for thls examlnation of the financial statements is located on the financial reporting council's website at w'ivw.frc.or independent examiners. .uk. This descrlption forms part of our report of the
REPORTOF THE INDEPENDENT EXAMINERS (ACCOUNTANTS) TO THETRUSTEES OF GLOBAL EDUCATIONAL TRUST Use of our report Thi5 report 1$ made solely to the Charit¢s Trustees, as a body, in aeeordanc6 with part 4 of th• Charitiés (Aut3 •Dd Reports) A•8ulaionJ 2008. Our Inspection and ¢XaMiNatièf waple hai b••n und•rt2kon ¢0 thJt we mi8ht state to the Trustees those matters we are reguired to state to them in an independant examiners report and for no other purpose. To the fullest extent permitted by law, we do not accept or assum• responsibility to anyone other than the Charlty and the Charlty Trustees as a body, for our examination work, for this report, or for the oplnlons we have formed. For and on behalf of ALM Accounts Ltd Office 37, Euroway House Roydsdale Way Bradford D4 65E *44 1924 284523 Mark Mason
GLOBAL EDUCATIONAL TRUST STATEMENT OF FINANCIAL AcfiviTIE5 FOR THE YEAR ENDED 31 DECEMBER 2024 Perlod i.i.zJ to 31.12.23 Total funds Year Ended 31.12.24 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donatlons and legacies 134,258 134,258 185,908 Other trldlng actlvltias 110,040 110,040 106.400 Total 244,298 244,298 292,308 EXPENDITURE ON Raisln8 funds 139,583 139,583 177,890 Ch•rltable attlvltles Donatlans mad• 115,643 115,643 125,346 Tot•1 255,226 255,226 303,236 INCQME/(EXPENDITURE) 12,8301 12,8301 110,9281 RECONCILIATION OF FUNDS Total lunds brought lorward 102,267 247,500 349,767 349,924 TOTAL FUNDS CARRIED FORWARD 105,097 247,5DO 352,597 360,852
GLOBAL EDUCATIONAL TRUST BALANCE SHEEr 31 DECEMBER Z024 2024 Total funds 2023 Total funds Unrestrlcted fund Restrlcted fund Notes FIXED ASSEfS Tan8ible a55ets 247,500 247,500 247,500 CURRENT ASSErs Stocks Cash at bank ioi,DJo 2,551 ioi,000 2,551 98,000 7,059 103,551 103,551 105,059 CREDITORS Amount# falllnq du• within one year 11,2501 (1,250) (2,792> NEf CURRENT ASSErs 102,301 102,301 102,267 TOTAL ASSEfs LESS CURRENT LIABILITIES 349,801 349,801 349,767 NET ASSErs 349,801 349,801 349,767 FUNDS Unrestricted funds Restricted funds 102,301 247,500 102.267 247,500 TOTAL FUNDS 349.801 349,767 The flnanclal ¥(atements weré approv by th¢ Board of Trustees and authorised for i55ue on 14 April 2024 th and were signed on Its behalf by: Mr J Rahlm - Trustee The notes for part of these financlèl &teternent5
GLOBAL EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES Ba51s of preparlng the flnanclal stbtements The financial statements of the Charlty. which is a publlE benefit entity under FRS 102, havo been prepared in accord?nce with the Charitie5 SORP IFRS 1021 'Aeeountlng and Reporting by charlties: Statement of Récommended Practi¢• applicable to eharitias preparlng their ac¢ounts in accordance wlth tho Financial Reporting Standard appllcable In the UK and Republit of Ireland (FR5 1021 leffoctlvé l January 2019),. Financial Reportlng Standard 102 The Flnanclal Reportiri8 Standard appliclble in the UK and Republic of Ireland, and the Charlties Act 2011. The financial statements hav• been prepared under the hlstorlcal cost conventlon, Flnandal Reportlng Standard 102- reduced dlsdo$ure exemptlons The charlty has taken advanta8e of the followlng dlsclosure exemptions in preparlng tliése financial statements, as perrnitted by FRS 102 'The Financial Reportin8 Standards appllcable in the UK and Republic of I relaTrd'. The requlrement of 5ectlon 7 Statement of Cash Flows Income All Income Is recognis•d In the statement of f inin¢ial affairs once the charlty has entltlement to the funds, it is probable that the income wlll be rece6ved, and the amount cin be measured rellèbly. Expendlture Liabllities are recognised as expendlturé as soon as there Is a legal or constructive obllgatlon committlng the charity to that expenditure, it Is probable that a transfer cf economic benefits will be required in settlement and the amount of the obllgation can be measuréd rellably. Expenditurè Is ieeounted for on an attrual basis and has been classified under headln8s that a8gre8ate Jll ¢o5t5 related to the category. Where costs cannot b• dire¢tly attributed to a partlcular headlnc, they have been allocatéd on a basis consistent with the use of r•sourc•s. Grdnts offered subjact to ¢ondition5 whlch have nct b88n met at the year end date are noted as a rommitment but not accrued as expendlture, Tanglbl¢ flxed assets Tangible flxed assets relate to a freehold property. The Trusta•$ have chosen the revaluatlan rnod•l of accountinff and will r•vl•w th• valuation of the propert¥ every 5 ye•rs. Stocks Stocks are valued at the loVr of cost and net r•allsable value. aftÈr making due allowances for ob501ete and slow-moving items. Taxation The charity is exempt from tax on Its charltable actlvltles, Fund accountln8 Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for the particular restricted purpose wlthln the obJe¢ts of the charity. Rastrictions arise when specified by the donor or when funds are raised for a p&rtlcular restricted purpose. Further explanatlon of the natu and purpose of each fund is included In thè notes to the financial statement5.
Contlnugd... GLOBAL EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER TRADING AcfiviTIES Period 1.1.23 Year Ended 31.12,24 31.12.23 Shop income 110@40 106,4 RAISING FUNDS Invastm•nt mana8em•nt Costs Perlod 1.1.23 Year Ended 31.12.24 31.12.23 Administr4tive expenses Property repalrs 1,463 7,333 2,178 11,188 8,7% 13,366 4. TRUSTEES, REMUNERATION AND BENEFITS There wer• no trustees, remuneratlon or other benefits for the year ended 31 December 2024 norfor the perlod ended 31 December 2023 Trustees expenses Ther• wmre no trustee5' axynses paid for the year ended 31 D•cernber 2024 nor for the period end•d 31 December 2023 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Restricted Total funds fund fund INCOME AND ENL)OWMENTS FROM Donatlons and le8a¢ie5 185,908 185,908 Other trading actNities 106,400 106,400 Totsl 292.308 292,308 ontinued.... 10
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- continued Unrestrlcted Restrleted Total funds fund nd EXPENDITURE ON Ralsing funds 139,583 139,583 Charltable actlvltles Donations made 115,643 115,643 Total 255.226 255,226 NET INCOME/(EXPENDITURE) 110,928) (10,928) Trwnsfers b•twoen funds Net rnovement In funds (10,928) (10,9281 RECONCILIATION OF FUNDS Total funds brouiht fonvard 113,195 247,51)0 360.695 TOTAL FUNDS CARRIED FORWARD 102,267 247,500 349,767 6. TANGIBLE FIXED ASSErs Freehold propertv COST At l January 2024 and 31 December 2024 247,500 NEf BOOKVALUE At 31 Decemb•r 2024 247,500 At 31 December 2024 247,500 In¢lud•d In c•5t of v•luatlon of land and 1]ding$ Is freohold13nd ¢1 £247,5. whlch Is d•pr•¢iat*d. 7. StOCK5 2024 2023 Stock$ ioi,o 8. CREDtroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and Social Security Other credltors 1,542 1,250 2,792 1250 1250 li
- MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 General fund 121,044 118,777) 102,267 Restrlcted funds Restricted fund 247,500 247,500 TOTAL FUNDS 368.544 118.777) 349,767 Net movement in fund$, includ•d in th• abov• ar• as follows: Incoming R•sourc•5 Movement resources eJrpend•d in funds Unrestritted funds General fund 244,298 1255,2261 (10,9281 TOTAL FUNDS 244,298 {255.226) 110.9281 Comyr•tive$ for movement In fvndj Net movement In funds Transfers between funds At I,1.24 At 1.1.23 Unr•strlcted funds General fund 131,972 (10,928) 121,044 Restrlcted funds Restri¢t•d fund 247,500 247,500 TofAL FUNDS 379,472 110,9281 368,544 Comparativo net movement in funds, included In the above arè as follows: In¢omln8 Resources Mov•ment resources expended In fund5 Unre5trlrted funds Gen¢ral fund 292,308 (303,236) 110,9281 Restrirted funds Restrlettd fund TOTAL FUNDS 292,308 1303.2361 (10,9281
- RELATED PARTY DISCLOSURES There were no related party transactions for the year end•d 31 December 2024 12
GLOBAL EDUCATIONAL TRUST DEfAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Peri(NJ 1.1.22 Year Lnae 31.12,24 31,12.23 INCOME ANO ENDOWMENTS Donatlon$ and le8acleJ Gifts Donatlons 81,925 52,333 134.258 84,955 100.953 185.SY)8 Otheff trad1 activitieg Shop Income 110,040 106,400 Total Incomlng résouros 244,298 292,308 EXPENDITURE Ralslng donatlons and legacl Wages Rates and water Insurance and bank ¢haas Sundrles 81,925 600 2,385 13,839 98,749 84,955 7,603 3,136 10,086 105,780 Other tradlng attlvltlel Purchases 110,040 1th3,200 Investment managemènt cost$ Admlnistratlve expen5•S Property repairs 1,463 7,333 8,7% 2,178 11,188 13,366 Charltable attivitles Grants to Instltutlons 5,567 18,046 Support wsts ManaKement Wa£es 4,950 Governance costs Auditor5, remuneration Accountancy Legal and professional fees 1250 22,726 23,976 1250 59,644 60,894 Total resources expended Net (expendtture)/lncome 248.378 {2A301 303.236 (10.928} Th15 page does notform part of the Statutory financlaS statement5 13
Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees1 mombers of GLOBAL EDUCATIONAL TRUST ST On accounts for tho year end•d 31 DECEMBER 2024 Charlty no (If any) 1144969 SC046627 Set out on pages 1and2 Respectlve The charity's trustees are responsible for the preparation of the responslbllltles of accounts. The chariWs trustees consider that an audit is not required trust•os and oxarnlner 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: examlne the accounts under section 145 of the charits.os Act, 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 to state whether particular matters have come to my altention. BaBI8 of Indopond•nt My examination was carried out in accordance with general exarnlner's stalernent Directions given by the Charity Commission. An examinatlon includes a review of the accounting r8cords kept by the charlty and a comparison of the accounts presented with those r8cord8. It al80 includes consideration of any unusual items or disclosures In the accounts, and seeking expSanations from the trustees conceming any such matters. Th8 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 Iirnited to those matters set out in the statement below. Independent In connection with my examination, no matter ha8 come to my examlnerfs attention (other than Ihat disclosed below ') statemént 1. which giv8s m@ re2gon8ble cause to believe that in, any matonal respect, the requirements: to keep accounting words in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirernents of the Charities AGt have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Slgned: Date: 261JUN12025 Namg: Mark Mason IER March 2012
Relevant professlonal quallflGation(s) or body (If any): ALM Accounts, Office 37, Euroway House, Roydsdale way, Bradford. BD4 6SE Section B Disclosure Only complete if the examiner needs to highlight material problems. Glve here brlef detalls of any Itoms that the examlner wlshes to dlsclose. IER March 2012