Charity registration number: 1147370 Global Aid Foundation Annual Report at Financial Statan¢nts for the Year Ended 30 S¢ptember 2023 Rain Gaskell Limited Chartered c.ertified Accountants 1024 Stockpon Road Manchester M19 3WX
Global Aid Foundation Contents Ref¢r¢nLe and Administrdlivc Ikiails Trnstees, Report 2105 Statement of Truste¢s' Responsibilities Indcpcndcnl Examincrfs Report Siotement of Financial A¢tivities ljalancc Sheet Nol¢8 to th¢ Financial Sthtements 1010 14
Global Aid Foundation Referenee and Administrative details Trustees Mr Imran Modan Mr Akbar Sccdat (Rcsigncd on 131h Mh •0231 Mr Arshad SiTaj Paiel (Appointed on 13 March 2023} Mr SamiT Faiz Rasul (Appointed on 13, March 20231 Prlnclpal Offlee 7 P¢trk AvLnuL" Old Trafford Manchester M169PW Chmrily Registr*lion Number 1147370 Independent ExamiTher Rain Gaskcll LimitLxI Chartered Certified Accountants 1024 StockrM)rt Road Manchesier M193WX
Global Aid Foundation Tru5tees' Report Thc trustccs prcscnt ihc annual rcFX)rt together wiih the financial stai¢m¢nts of Ihc Lharily for thc year ended 30 September 2023. Objectives and activities Ohjecl.% and aims Our Charity's purposLS &S Set out in the objLYiS ar¢. a5 thc truslccs shall detcrniine for the benefit of people in Bunna (Myanmar) in particular but not ¢x¢lusiv¢ly by.. a} rLLLiving th¥ir nLL4d bl relieving poverty c) advancing ¢ducaiion dl promoting and protecting g1 health cl thc rLlicl' ol. financial nccd and sulTLYing among victims of natural or oihcr kinds of disasicr in thc rorin of moncy or othcr Inrdns dccin¢d suitablc. OhJeclive.s,.wlrufe%iu and oclivities We are involved in B number of projects $uch as gid. ¢8$h aid. medical aid, clean drinking water and sanitntion. shelter. eslabli$hmeni of schools and maqh5. Teacher .sponsorship, nrphnn *ponsor8liip a% well as helping the widows. In addition to this we also provide eniergency reliet. aid aiid wlien the need ari.8e8. Moreover. we giye special food and gift packag¢s for Ramadaii aiid Eid. In addition lo that we al provide financial help to do Qurbani, from las1 yvdr we started a iiumher of inc()m¢ ¥eneraiin¥ pr()jerLs such a.4 Supplying sewiiig machines to ihe females to make a living and ricksliaivs to nien to earn a livelihood to maintain iheir family. .Supply nf clean waler is vital for their $urvival. St) far we have managed io install a large iiumber of lidnd puiiips all UVL T SiltWL IArakdn} Bumia. LdSl yLdr dlonL. in PdnILuI WL inJn41gLd io install 50 hand pumps in Sittwe to mainiain a supply of clean drinking waier and sanilaiion. We also &Jive Inthe.s, mosquito neL%, hlanket% sleeping mats. r(MTrtwear. stationary supply to schn()18, Maqtabs. We al80 gFive nourIhMenI and eiiergy food Inr small babies and children. We are onn.stai)Ily 4lrivill¥ to eliminate poverty £lnd suffering of the Rohinbrya.s. li 18 a very difficuli task io implement for which we nccd th¢ hclp of thc IoLal pcvplc, community Icaders and rcligious scholars as well Ihc authoritic8. It IS LXtrcmLly diffiLult io do Lhdrity work in Bum)a. The Burm¢ ¥ovcrnmcnt docs not allow any ¢h#riiy orguiiiblkiion Iv funlliun fr]y. Evcn NGOS arc noi wcILomc in Bunna. Fundroisimg disclosures Our Inain sour¢¢ of don()rs remained Ummah welfarc Irusl and One Umiiiah during the period. We providc thcm wilh ihc dctail of each and every project thai we plan lo implement in 13unna. Thib iiicILides linancial detail for every projed breakinb dthwn the cost of purchase transporL labour charges and distiibuiion.
Global Aid Foundation Trustees, Report Public benefil Who used and benefilled from our SCTvice5. The lin beneficiaries are the p(M)r and ihe needy rthple of Burnia helping them to lead a nomial healihy life. The Rol)ingya are now conlined to refugee camps and do noi have perniission to leave their camps. ThL'ir hunic5 busincS havL bcLn lootLd and burned dvwn. CurrL'nily IhLy arL going tlir(iugh LthniL LILansin¥ by tIiL BurmLSL' govLmmLnl who arL' dcwnanding thLin to rL'nounLL thL'ir Rohingyd thnicity. Thcy wani ihcm io call thcmsclvcs Bangali. Then only would ihey bc givcn temporary r¢sidcncy pcmiit. Thc trustCC5 LL)nfirm thal thcy have complicd wilh thc r¢quircmcnls of scclion 4 of thc C.haritics ALt 201 I to liave due regard to the public benefii biuidan¢¢ puhlishd by ihe Charity L'(Ininiissioii for knEland and Wales. u.se of volunieen In Bumia wc havc a largc numIr of Yoluntcers all ovcr th¢ couniry. We ¢ire Muiiche%ter base churily or¥ani%aiion. We are Ih¢ only three Iru$iee5 namely Imran Modan, Mr Arshad Siraj Palel, and Mr Samir Fai/. Rasul who do all ihe work voluiilarily. The Ire8SUTer 1% Mrs. Zllindb Modaii who is d150 a volunieer. The name of other volunteer commiltee members who assi81 in ai) advi%vry Liipucily are giveii below.. l. Kashif Safdar 2.7.ainab Moda 3.Asil-Ali 4.Moh&inmbd Jayid 5.Humna Modan 6.E.-brahim Michala 7.Feroz Ahmed 8.Hdliz Aiiiinar Structurei iovernance 4nd m4na%ement Naiure Ipfgoverning dvcmmenl Thc Charity 15 ¥ovLrncd by a trnst dll and was rL%isILfL.d on 22 May 2012. RÉeruiÉment ond appoinimeni oftru.Ftee5 li 1% from (he very smdll Bum)ese communily in Manchesler. Orguni.slllitsnal.Itruclure We are Manchester base charity org2nivtion. There are only ihree trustees namely Imran Modan, Mr Arshad Siraj Patcl, and Mr Samir Faiz Rasul. The Irwurer is Mrs. Z8inab Modan and a numbcr of otlier coinmunity mcmbcrs.
Global Aid Foundation Trustees, Report Major risk.4 mtsmtsgemenl ofihose ri.Fkf Ri.sk maiiagemeKI Our policy I to keep the risk to minimum. We immediately tran.qfer the donation fuiids to Burnia. Our agents are all working LS volunieeTh both here and in Burma. As soon as the funds arrive in Bum)a the4e Voluntee who hAve been carefullv velled cind selected distribvted In the i'ictini8 nf opprcssinn and pri)%ecution by the Burniese Buddhists. Flnanclal Instruments Ohjeelive.s ondpollcle$ Thc Lhurity's aLlivities cxposc it tu a numbcr of finan¥ial risks includinbi Lrcdit risk. Lash flow risk aiid liquidily risk. Thc usc of findncidl d¢riviilivcs 114 g¥uvcrncd by Ihc Lharily's p()IiLICS dpprovcd by Ihe board of trustee%. which provide wriiien prin¢ipl&4 on ihe u%e or rinaiicial derivalives Lo manog¢ Ihese risk%. The ch#riiy thm. noi u%e derivalive finaiicial inslrumenL% for 8peculalive pur%¢. Cashjlow ri.Y4k Tlie charity's a¢iivilies expose it primarily to the financial risks of changes in fnreign currency cxLhaii¥c ralcs and intcrcst rates. Thc Lharity uscs for¢ign CXLhan¥c forward contraLts and inleicst rdtL 514'ap LontrdLts to hL.JgL ihLx' tixposurcs. IniLf¥s1 bL#rin¥ a¥5i1S and liabililiLs arL' hLld at fixLd rale to LYisurL' CLrtainty of lash flows. Credit ri.fk ThL iharity's prillLip&I finunLial asscls arc bank balances and h, tr4<1L' oihcr rL'i¢ivablLs, and iiivestmenls. rhc Lhdrity's Lrcdii risk is primarily allribuiablc lo its trddc rcccivablcs. The amounts prcscntcd in lh¢ balanLL shLLI arL' nLt of allowanLLS for doubiful r¢¢Livabl¢s. An allowanLL for iiiipuirinLnt is InadL whLfL thLfL is an idLntifi¥d Iuss Liy¥nt which. basa on prL'ViOUS LxpiriLnLL, is evidLnLL of a rLxIuLlion iii IIIL fLLUVLr#bility of IhL Lasli flow5. The credit risk on liquid funds and derivative financial in51ruments is liinited because the counterparties are banks with hi¥h ¢redit-rdtin¥s assigned by international credit-rdting agencies. Thc charity ha8 no .signifiLanl concentrdiion of ¢r¢dii risk. wilh cX[SurC 4prcud ovcr a laigc number of countcrparties knd C0M¢r$. Liquidity n5k In order lo maintain liquidity to ensure that 8utTicient fund5 ar¢ availablc for ongoing operations and future develnpment%, the charily a mixture of loiig-terni and short-terni debi finance. Furthcr dct4ils rcbFarding li4uidily risk Ldn bc found in thc StdlLlI)enl of aLLvUntIn puli¢ic¥ in Ihc riiiancial siatemenls. ThL annual rLPOrt was apprOVL by th¥ In15tcxs of Ihc charity on .................... and signLd on its behalf by..
Global Aid Foundation Trustees, Report Mr Imran Modun Trusiee Mr Arshad Sirdj Paiel Tru%icc Mr Samir Fai£ Rasul Trusiec
Global Aid Foundatlon St*¢emenl of Tru51ees' Responsibilities The Iruslees are responsible for preparing ihe lrnstees, re)rt and the financial .%talemenL% in accordance with Lhe United Kingdom Accounling Siandard% (United Kingdom Cjenerdlly Accepled Accounting Practice) and applicable law and regulalions. The law applicable to charities requiies the trusi¢e8 to prepare financial statements for each fiiianciol year which give a true and fair view of the state of affairs of ihe chariry and ofthe incomii)g re¥ourc¢s and application of resources of the chariry for that period. Jn preparinbi tliese financial statements. tl)e trustees are required to: select suitable accounting policies and th¢n apply them consistenily. ob.%erve the meihod% and principles in the Charitles SORP: make judgcmcnt5 and cstiinatcs tliat arc reasonable and prudcnt. state whether applicable accounting standards have been followed. subject io any material departures disclos¢d and ¢xplained in ihe financial siatemenls- and prLparc thc financial statemL'nts on th¢ going concLm basis unlLss il is inappropriate to prcsuinL' thai ihe charity will continue in business. The trusiee% are reS51ble for keeping proper accounting records Ihai divlo4e wilh reOi7ab1e accuracy at any tim¢ the financigl posilion of ihc chariiy and cnable thein to ensure that thc financial slarcmcnis comply wilh the Charities Aci 2011. the applicable Chariti¢s (Accounts and R¢ports) Regulations, and Ihc provisions of the constiluiion. Thc trust¢¢s arc also rcsponsiblc for safeguarding Ihe assets r)f the ¢harily and hence for iakiii¥ reasonable step5 for the prevenlion and dei¢¢iioii ol. Iraud and other irregularities. Appruvcd by ihc trustccs of thc Lharity on ..........-......... and signcd on its bchalf by.. Mr Imran Modan TNstee Mr Atsh¢id Siraj Palcl Trusicc Mr Samir Faiz Rasul TNsiec
Global Aid Fouodation Independeni Examlner'5 Report to Ihe trustees of Global Aid Foundation I rcporl un thc accounts of thc charity for the yr ¢ndcd 30 Scp1cmr 2023 which arc set out on pages 9 to 15. Respectii'e responsibilities of trustees and examlner Thc tn15tces arc responsible for th¢ prcparaiion of thc accounts. The Irustccs consider that an audil is not required tor thi8 year under seciion 144(2} of ihe Charities Act 2011 (the 2111 l Act) and ihai an indLPLndLnt examination is neLxled. It is Iny resix)Iisibiliiy to.. ¢xamine the accounts under seciion 145 of the 2011 Act- lo follow Ihe pro¢edure4 laid down in ihe ¥eneral Directions given by ihe Chariiy Commi%¥ion under 4¢ctivn 145151(b) of ihe 201 l Act- and 10 51ule wheiher particular matters have come to my altenlion. Basis of independent ex4miner'5 report My eximinaiion was carried out in accordance with ihe g¢neral Direciions g?iven by the C.harily Commi%¥ion. An examination includ¢8 a review of ihe accounlin¥ records kepi by Lhe charily dnd ¢ompari%on of Ihe a¢cuunl4 pre%enled wilh ihose records. li dlso includth cun.4idernlion uf unu%uul itcins or disclosures in the acLounts, and sccking cxplan¥tions from you as trustees conc¢rning any such maiicrs. Thc procedurcs undcrtakcn do noi protr'idc all the cvidencc that would bc r¢quircd in an audii and con4equenily no opinion is given as io wheiher ihe a¢couni% preseni a 'lrue and fair view. nd the report is limited lo iho.$e mailers 8ei oui in the nexl siaiemeni. Independenl ex*mlner'B statement In LL)nnLLtion with Iny Lxaminativn. apart frum IhL maiici rLfLrrul ubovL indiLilting that ihL aLLounls arc not tully Lumpliani w'ith ihc aLLouniin¥ rcquircmcnls of SCLtion 396 uf Ihc CumpttniL% ALI and 'iih thc mc¢huds w)d priiiLiplLS of thc St411Lmcnt of RcLomm¢ndcd Pratiliic: ALLuunling dnd Rcportin¥ by Charilics, no mdttcr has LOln¢ lo my aii¢niion'. I I I which gives me reasonable cause to believe ihat in any mat¢rial re8pe¢t the requiremenls.. lo kc¢p accounting rccord5 in accordancc with section 130 of th¢ Chariti¢s Aci 2011; and • to pwparc accounts which accord with thc accounting r¢cords and comply with thc accounting rcquireincnts of the 2011 Act havc not bccn mcl,. or (2)to which, in my opinion. attention should be drawn in order to ¢nable a proper understanding of the aLcount8 t c reachcd.) £ubair A Chaudhary Rain tiaskell Limited Chartered Certified A¢¢ountkntS In24 Stockport Road Man¢h¢si¢r M193WX
Global Afid Foundation Statement of Financial Activities for the Year Ended 30 September 2023 Total Unrestricted fund5 Restricted funds 2023 Nole Income and Endowments from: Voluntary Incomc Lharitahle Income 61,233 61,233 509.881 571,114 509,881 509.881 61,233 Expenditure on: Churitdbll donations Bank Charges MotorExpenses Telephoiie and C()mputer charges Bookkeeping and Accountancy Fees Total Expenditure Nct movcmcnl in lunds 40,824 425 iii 708 1.860 43,928 17,305 5CiI.870 541,694 425 iii 708 1,860 544,798 26,316 500,870 9.011 R¥LonclllAtlibn vf funds Total Funds brought forward Total funds carried forward 5.239 22.544 54,778 63,789 60,017 86,333 Total Unrestrlcted funds Re5tr1cted funds 2022 Income nnd Endowmenls from: Voluntary Incomc L haritable Incoine 7.085 7,085 857,564 864.649 857,564 857,564 7,085 F,xpendliure on: ChurildblL donation5 Eliink Charges General Expense5 Telephone and Compuier Charges Alidil Fee% Buokkicpiiig and A¥LounianLy FeL Total Expenditure Net m()vement in funds 3,731 414 192 518 913,234 916,965 414 192 518 1,380 6.235 850 1,380 919,469 154,8201 913,234 {55,6701 Reconciliation of funds Total Funds brought forward Total funds carried forward 4,389 5,239 110.448 54.778 114,837 60,017 All ()f the ¢harity's a¢tivilie4 derive from continuing operdlions during the al)ove two periods. The funds breakdown for 2023 is shown in note 6. Pa8e 8
Global Aid Foundation (Registration number: 1147370) Balance Sheet as at 30 September 2023 2023 2022 Current assets Debtors Casli dt bank and in hand 87.413 87.413 61,397 Credltor5: Amounts f4lllng due Mlthln one year Net a55ets (1.080) (1,380) Funds of the ch4ritv: Capltal Contrlbuted by trustee¥ or members Restrltted funds 63,789 54,778 Unrestrlcted Income Unrcstrictcd fund5 22.544 5,239 TotAI funds 86.333 ()0017 The linancial statements on page.$ 8 to 14 were approved by the tnLste¢s. atkl auihorised for issue on and %igned on Ih¢ir b¢haifby.' Mr Imran Modan Tstee Mr Samir Fail Rasul Trnst¢e Mr Arshad Siraj TrLL%(c¢ atel Page 9
Global Ald Foundgtlon Notes to the Financial Slatements lor the Year Ended 30 September 2023 l Accounting policies Statement of compllanee The financial statements have been ppared in accordance with Accounting and Reporting by Chariti¢s.' Stsi¢m¢nl of Recommended Practice 8pplicable to charities preparing their accounts in accordanLL Wlth ihL. FInla1 Rcporting Siandard applicablL in the UK and RLpubli¢ of Ir¢land IFRS 102) {effective l January 20151 {Charities SURP (FRS 102)}, the Finaiicial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102) and the Charities Aci 201 Basls of preparatlon (ilobal Aid Foundation meet5 ihe definition of a public benefit entity under FRS 102. Asseis and liabili(i¢s are initially recognised ot historical cost or tronsaction value unless otherwise stated in the rclcvanl accounling policy notcs. Exempilon from prepArinR * ¢$h flow st¢ement The charity opted to early adopt BuIl1n I published on 2 F¢bruary 2016 and have therefore not included a cash flow stat¢m¢nl in thes¢ financial siatements. Golng eoncern The iru5tees Lonsider thai ihere arc no material unLertainlies aiM)ut the charity's ubility to ¢ontinue as a going concern. Transltlon to FRS 102 In prLp#ring ihL a¢wunt&'. th¥ trublixs havi Lvnsiik'nxl wh¢ihcr in applying th¥ acLounting poliLIC rcquircd by FRS 102 and thc Charilics SORP FRS 102 a rcstatcmcnt of comparalivc items w&s rcquircd. No rcstatcment$ arc rcquircd a% d rc*ult of thc transition io FRS 102. Income and endowments Vollintary income including donations. gift8. legaeies and grnni8 that provide core funding or are of a general nature 15 recogni5ed when ihe charily has entitlemen( lo the income. il is probable thal the in¢oine will be received. dnd the amount ¢an m¢asurd with bu1¢1¢nt r¢liability. Grnnt5 receivable Grants arc recognised when the Lhariry has an ¢ntitlement to th¢ fwids and ony condition5 linkcd to Ihe grdnts have been met. Where performance condilions are allached io (he grdnt and are yel to be met. the income 15 recognised a liability and included on ihe balwice sheeL as deferred incom¢ io b rele#ts. 10
Global Aid Foundatfion Notes to the Financial Statements for the Year Ended 30 September 2023 Expendlturt All expenditure is recognised once there is a legal or conslruclive obligaiion to Ihal expendilure, it is prohable seiilemeni 14 reoiiired and the urnounl can he mea%iired reliahly All co814 are 14 Ilocciled lo ihe applicdble exp¢i)dilure headiiig those aggregate similar costs io ihai calegory. Where eosLS Cannol be directly aitribiited to particular heading5. Ihey have been allo¢aied on a ba%14 con%i4lent with Ihe use of rei%our¢¢%, with ¢¢ntral %tarr ¢0%15 ¢illocaied on ihe basi.% of lime %nI, and deprecialion charges allocated on (he portion of ihe assel's use. Oiher supwrl costs are allocaied based on rhe spread of sLuff costs. Charilahle aclivilie. Charitahle e.xpeiiditure comprises thi)se co.4ts incurred by the charity in Ihe delivery of 118 aciivitie4 and services for ils beneficiaries. It includes both cr)$ ihal can be allocated directly to such aLtivities and ihnq¢ cnqts of an indirect naiure ne¢e4ary i(Tr $Uprt them. Support eosts Suppon cosls include ccntral funciions and have ten allAl¢d to activity Cost categorie5 on o ba51S consistent w'ith the use of resources. for example. allting prop¢ty costs by floor ar¢8s, or per ¢apiiu, cosls by the lime spenl and other ¢05ts by iheir u.sa8e. Governan¢¢ costs Th¢s¢ include thc co81.$ attribulablc to Ihc charity's compliancc with eonstitutional and slalutory rLquifLmLmls. inLludingi dudil, slrdtL&IIL llidllilbiLmLnt lind InkSt¢¥s' m%X'lingvs and rL'iiiibiitsLd Lxp¥n¥is. Tax#tlo The charity is consid¢red to pass the lests set out in Paragraph I Schedule 6 of the Finance Aci 2Ql O and iherefore li meets the defini(ion of a charilable coinpany for UK corporalion (ax purposes. AccordingFl>'. the charity is potentially exempi from laxaiion in r¢specl of in¢om¢ or capital gains received within cat¢gori¢s covered by C hapter 3 P8rt 1 l of ihe C-ow)rntion Tax Act 2010 or Section 256 of thc Taxatloi) of Chargeable Gains Act 1992. to the cxient that such income or gains arc appli¢d exLlusively to charitable purposes. Cash And cash equii'&lents Ca%h und caih ¢quivalenis comprise cash on hand and call deposits. and oiher shori-temi highly liquid inveslments that are readily convertible io a known amounl of cash and are subjecl lo an iiisibJnifiLani ri%k of chatige in value.
Global Aid FoundatioD Notes to the Fin*nel#l Statcmcnts for the Year Ended 30 September 2023 Re51ricied funds Total 2023 Total 2022 Gra15. including capital Rrants; Cirants from oth¢r charities 509,881 509,881 857,5C)4 509.881 509,881 857,564 3 'frustees remuneratlon Ind expenses Nv Iru%lCC%, nur any PCPiUnS connccicd with thcm, hav¢ rc1Ved any rcmuncration from thc charily duringT IhL ycilr. No Irugtees have received any reimbursed experkses or any other benefiLS from the charity during the year. Page 12
Global Aid Foundation Lyotes to the Financial Statements for thc Year Ended 30 Scptembcr 2023 4 Tax#tlon The charity is a registered charity and is ther¢for¢ ¢xempt from laxation. 5 Credltors: amounls falling due within one year 2023 2022 Other Creditor5 AccruaL$ 1.080 1,380 1,080 26,428 Funds Bala(C bir OIII012022 Incoming resourees Outgoing Resources Ill#nct ( 3010912023 Unre5trieted funds General (ieiieral 5,239 61.233 43,928 22,544 Restrlcted funds Cash Assislan¢e Relief Emergency Winter Relief Emergency Appeal Emergency Food Aid Emergency Relief Food & Qurbani Food Aid & Sheligr Orphan Sponsorshlp Orphanage Support Qurb8nl Ramadan Shelter Staff Salary Sundry- Food, WH Purnps, Orphan, Teacher Sponsorship Waler Hand Pu Water Well Zakat 139.648 89.570 50,078 65.141 63.435 65.141 49,724 13,711 36,566 110,151 6,431 146.717 6,431 49,986 49,986 18,212 75,089 93,301 Total Re5trleted Fund 54.778 509.881 500.870 63,789 Total Funds 60.017 571.114 544,798 86,333 Page 13
Global Aid Foundation Notes to the Financi41 Statemcnts for the Year Ended 30 September 2023 Balance blf 01111112021 In¢nmln2 resources Blllance at 3UIU912022 Resources Unrestrleted fundg Genèral General 4.389 7,085 6,235 5,239 Rostrlcted funds Cash Assistance R8liel Emergency Winler Relief Emergency Appeal Emergency Food Em8rgency Relief Food Aid & Qurbani Food 'd & Shelter Orphan Sponsorship Orphanage SLSPPOrt Qurbanl Ramadan Shelter Staff Salary Sundry- Food. WH Punws. Orphan. Teacher Sponsorship Water Hand Purr Water Well Zakat 144.677 144,677 223.450 223,450 109.698 73,132 110,454 24,013 67,133 36,566 110.454 24,013 67.133 67.745 49,533 18,212 35,263 35,263 185,588 185,588 Ti)t41 Restrlcted Fund 110,454 857,567 913,243 54,778 TotAI Funds 114,843 864.652 919,478 60,017 Page 14