Charity registration number. 1147370 Global Aid Foundation Annual Reptyi aDd Fin181 stst¢Mlts for th¢ Year EDded 30 Septfflnber 2024
Global Aid Foundation Content8 R¢fu¢n¢c and Athministrntive Demils Trus¢ees' Report 2105 Statement of Trustees, Re8pon5ibilities Auditovs Report St4tunent of Financi Aeiivitie8 io Balancc Shccl Notes to the FinAn¢ial Styt¢ments 12to16
Global Ald Foundatlon Reference and AdmlnfistrAdve detalls Truilees Mr Imran Modan Mr ATshad Siraj Patel Mr Saniir Fai7. Rasul Prfndpgl Offlce 7 Patk Avenue Old Trafford Manth¥st¥r M16 9PW Cb•rlty Regtstratlon Number 1147370 Auditors Ilyys Pul¢l {AccountonlJl Limitcd Chart¢r¢d Certificij AL'countanl% Solomon House BelBrave Court Fulwood Preston PR2 9PL oi
Global Ald Foundatlon Trustees, Report The InS present ihe am)ual repon tO8eth¢r with the financial statements of th¢ charily for the year ended 30 September 2024. ObJ¢etlveJ aDd a¢tlvltles Obieds aud47iWS Our Charity'8 purpow as set Oui in the objects arc. ps the tru$tees shall dckrniine for th¢ bettefit of people in Burnia (Myanmar) in particular not ¢xclusiv¢ly by: a) receiving their need b) relieving poverty ¢) advan¢inB education d) promoting and protecting g¢y)d hLalth e) the relief of financial need and 5urr¢ring among victims of nalural or other kinds of disasr in ihe rotm ofmoney or other ll)eans deemed suithble. ObJecÉives, stralexies •TAd4¢vI We are involved in a number of projeus such as food aid. cash aid medi[ aid. clean drinking waler al sanitstion. shelter. estsblishment of schools and maqtabs. Teacher spotwor8hip. 04)haD sponsorship as well as helping the widows. In addition to this we also provide emergency relief aid and when the need arises. Moreover. we give sp¢cial food and grft packages for Ramadan and Eid. In addition to that we also provid¢ fjnancial help to do Qurbani, from last year we stsrted a number of in¢ome g¢nerR(ing projects such os supplying sewing m4chiDes to th¢ f¢m&les to make a living and rickshaws to ma) lo earn a livelih¢)od lo maintsin their Fdmily. Supply of Clean water is vital for their 5ufvTval. So far w¢ hav¢ manag¢d to install a lar8¢ number of haud pumps all over Sittwe (Arakan) Btsrn. Last year alone, in particular we managed to install 50 hand pumps in Sittwe to maintain a supply of clean drinking uyter and sanitation. Wc also givc ¢Iofhc& mosquiio ncts. blankcL8, slc¢ping mlts, fooiwcar, Sfationary supply to 8¢hools, Maqrabs. We also give nourishment and energy food for small babies and children. We are constantly Strivin8 to eliminale povet1y and suffering of ihe Rohin8ydS. li is a very dirriculi tssk io implement for which we need the help of th¢ local pcoplc. community leaders and rcligious scholars as wcll as the authoritics. 11 Is Lxlruncly dIllUll to do charity woAr ir] Bumi& The Burn)L govLrnincnt do¥s not allow any charity organisalion io nctIOn fr¢¢ly. Even NGOS arr not welcomc in Burma. Fthndrnlsing dLfelosures Our main SOUTce of donors naIned Ummah welfare in( and One Ummah during the p¢riod We provide ihem wilh the detail of Vdch and every projeci ttMI w¢ plan ¢0 implement in Burn)8. This in¢ludLs financial detail for ev¢ry Proje brLking down thL COSt of purLha¥L" transport, labour Lh4rg¢s and distribution. 02
Global Ald Fonndthin Trnstees, Report Public hem1 Who uscd and inefitt¢d from our seThic¢89 The mftin bri¢la are the poor the needy PIe of Bum)a hdpin8 them lead a nornial healihy life. The Rohingya are now ty)Dfined to thgee ¢amps do not have perniiuion to leave theiT camps. Their homes and busift&w$ have been looted and bum¥J dowTh Cunrntly they are going through ethnic clcaming by the Burmese 8ovment are demanding them to renounce their Rohin& Ethnicity. They waDt them to call th¢m$¢Iv Banyli. Thcn only would thry be 8iven temporary residency pcmiit. The trusiees confirni thai ihey have complied with the rtquiremeThL4 ofsedion 4 of the Charilies Act 2011 lo have due resard to th¢ public bencfit 8uidgnce publish¢d by the Charity cmMISSion for England And Walu. UseoJvoluAi•er In Bumia we have a large number of volunwrs all over the county. W¢ arc Mortcknr basc charity organi5arion. We uc ihc only thr¢c truslca namely Imran Modan. Mr Arshad Siraj Patel. and Mt Samir Fai7. R&$ul &J all the woth volunthrity. The tywurer is Mrs. Zainab Mod4n WIKI 13 also a volunleer. The ntme of other volunther commitEee members who 1$¢ in advisory copacily are given b¢low'. l.Kashif S#fdar 2.Zainab Modan 3.Asif Ali 4.Mohammed Javid S.Humna Modan 6.F.brnhim Michala 7.Feroz Ahmed 8.Hafiz Arnrn•r Structhre governnu nd mAnagtmenl NTe olg0rnIng do¢¥m¢MI The Chariry is 8ov¢rned by a InE deed and was Jcgi#erryl on 22 Miy 2012. Reernl¢menr4nd4ppolAThI oltr¥ste5 It is from the very small Burmese community in M¥thter. OrzoNlsation•lNrucmre Wc manLhC¢r bw chfirity Organisation. arc only tbrec tru5tLYS Nm¢ty imron Mth. Mr Arshad Siraj Patel. and Mr Samir Faiz Rasul. The tr¢asw¢r is Mrs. Zainab Modan 4nd & number of other community manbets.
Global Ald Foundxtlon Trustee5' Report Moiorrlsks ondmt7nd8emenl ofthose risks Risk monagemlI Our poli¢y is io keep the risk to minimum. We immedia*ly IrdDsfer ihe don&lion funds lo Bumw. Our agents are all working as volLtnteers both here and in Buwma. As $oon as the ndS arrive in Burnia these volunteers who hove been carefully vetted a[ Beld distributed to ihe victims of oppression and prosecution by the BUrnIe Buddhists. Flnan¢lAI Instrnments 0biecl1 andplicies The charily's a¢livi¢ies ¢xpose li lo a number of financi41 risks including credit risk. cash llow risk and liquidiLy risk. The use of financial derivalives 15 governed by th¢ charily's policies approved by thc board of tru$tce4 which provide writt¢n principlcs on the use of financial derivatives to manage Ihcsc risks. Thc charity docs not usc dcrivaiiye financial instrumcnts for speculativc PUTPOSCS. Cashjlowrisk The charity's a¢tivities expo it prillwily to the financial risks of changes in foreign currency exchjngc rates and intLrest rntes. Th¢ charity uses forL'ign cx¢hange fotward contracts and iThtcrcst rwc swap corttracts to hedge thesc ¢xposur¢s. Inte$[ bearing asscls 4nd liabilities are held &t fixed rnte to ensure certainty of ¢ash flows. Credil rifk The ¢harity'$ princip finan¢i41 a&%ets are bank balances and Cash. trade and other receivable4 and investments. The charity'5 credit risk is primarily aitributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful Teceivables. An allowance for impaimient is made where there is an identified loss ¢vent which. b¥s¢d on previous experience. is ¢vid¢nce of a reduction in the rccovcrdbility of th¢ cash flows. The credit risk on liquid funds and derivative financial instruments is limited be¢au%e the counterpartie5 are banks with high credit-ratin&$ assied by international credit-Tating ugen¢ie8. The charity has no signifiLAnt concentration of credit risk, with cxposure spread over a 18r8e numbcr of ¢ountcrparties &nd customers. Llqtsldlty rlsk In order to rnaintain liquidity to ensure that sutTici¢ni funds are available for ongoing op¢rations and fijttwe developments, the ehariry uses a mixture of long-tenn and short-tenn (kbt finance. Furthcr details regarding liquidity risk Lan be found in the Sial¢m¢rtl of a¢'¢ountin¥ w)IiLi¢S in ihe rin3n¢ial statements. The annual report was approvcd by thc trust¢cs of thc charity on 3011012025 gnd signed on its behalf by-
Global Ald Foundatk)n Tru$tees' Report Mr Imran Modan Thlstee r knhad TN¥l iTaj Patel Mr Samir Faiz Rasul Tru5(ve
Global Aid Foundailon Statement ofTrustees' Responslbllitles Thc tru5tCCs are TclnSIble for preparing the trusi¢¢s' report and the financial statcments in accordance with th¢ Unil¢d Kingdom A¢¢ounling Stindards (Unitcd Kinbvdom Gencrnlly Ac¢cplcd AcLounting Practicc) and appliLablc law and rcgulalions. The law opplicoble to charities requires the trustees to prepare financial s¢alemen¢s for th finaociAI year which give A tThe ond fair View of the 5tste of offairs of the charity und of the incoming resources &nd application of resowees of the charity for that period. tn preparin8 th&4e financial statements. the trustees are required to: seleil 8uiiable 8c¢ountin8 policies and then apply them nsIStenI1y. observe the methods and principles in the ChBrities SORP. makL' jud8¢m¢nts and estimate5 that are r¢asonabl¢ and prndenl. $tatc whcther appliLablc accountin8 slandardb. have bcen followcd, subjeet lo any mntcrial d¢partur¢s dis¢loscd and cxplaincd in ihc fth8tteial st2temeni8; krtd prepare the finan¢iDI stst¢m¢nts on the goiT]8 ¢oncem basis unless li is inappropriat¢ to pr¢sume Ihe thority will in businem. Thc trust arc sponSI71]e for kccping propcr accounting r¢bords ihlt dis¥lose with r¢asL)nablc 8¢cuwy At Any tim¢ the financial position of tho ch8rtty &nd enoble thcm to ensure thai ihe finanGial 8titemenlg comply with the Ch8ritie$ Aci 2011. IFK oppli¢4blc Chgritics (Accounts and Report5) R¢gulations, And the provisions of thc ¢onstituiion. The trustees are also r¢yponsible for 8Afeguardin8 th¢ ass¢ts of ihe charity and hence for taking rettsonable steps for ihe preY¢ntion and detecrion of fraud and other irr¢8ul8riti<4. Approved by the INstees of the charity on 3011012025 and yigned on 1195 bcbalf by.. Mr Itnran Mod& Trust¢e Mr knhod Trnsiee rnj Patel Mr Samir Faiz Trustee ul
Ind•p•ndent Authtorfs R•port to th• of Global Ahl FOdalI0n Oplnlon We have audited the financial etem8nts ofGIDb81 AKI FtsJthY8ilon fortrK• yetr ended 30 September 2024 comprise the Statsm8nt ofF1rtakn ktivit• Ittickxling Irthne arwj Eyn(liturg ACc&KlI. Balance Shget St81emenl of Finandal Poslyon, and th¢ rdated nrtes. vKludlrwd a sumrnary of slgrnficanl accounung polides. The flnancbal reporbng fr8m8work that has been apd in thew rAeparnlkYÈ Is 41pO¢8ble law and United Kingdom Accountlr4J Standards Iunstgd Kingdom Generally Accept Actnr@ F>rxlice). indwling FRS 102 Tr Flnandal Repng Stsndord ap•cable in the UK Rfjpubli¢ of trnd.. In our opbnlon the flrtancwl slatemeth: glve a true and fatr vlTh of Ihe ststo of tho chwlV8 &•Yatrs a6 at 30 September 2024 #nd of Its kn(WbW resources and appftcalh)n of r6styxc8s, lor thè yew trn ended: hov? been propedy prepwed In acCOrdar Urdled Klngdom Ac(¥unlTrJ Pracwcg: and havo bBen wepaT•d In accoTd8nc8 ¥Alh the requtrem8rt5 011fr Ctrontkn Acl 2011. for Oplnlon We ¢tOd our audit in Acccrfdarts wilh Inlornalionol Standwds ry) AtvJNlng IUKI {ISAs IUK}1 and appllcablg law. Our raspon$ibilities undèr thos• $tsndard8 arn fwther dèsulbed in responsibilittos for Ihe audit ofthe financifjl statements sectlon of our r•porL We Bre Independent of the Lartty kn w))thnce wlth Ihe ethkal wulrem•nts th818re relgvanl lo (Mjr audlt of the finandal Stslèments in the UK. iickning ts FRC'S Eth81 Slwdard. an(1 we havg fulfilted our other 8thlco1 respons1111 In 8co)rdance wth these requlronnts. We believe Ihal tho audit evid8nc wo hav• oblalned 18 8uffthnt •nd #ppropriolg to sYovkJ• • basls lor our oyrdm. Con¢lu•lon• R•latlng to Golng Conc•rn In audltlng the flnancl 8t#tsmts. we (x)th8d that tho trust1. trK n9 b#th of Act4Junlln9 In tho preparatlon ol fflnandal 818tsm•rts1g approwkn. 80•gd on tho work we ho pertrym. we havg not I11 w matwl I¥rtnI1&s relgtlry lo gvonts or ndIllOn¥ that, Indlvldualfy or eoll•ctlvety, m8y cast nffic8nt doubl CA) the thorW8 aw to conlJnu• as • gc4NJ conc•m for p•rfod of 411oast 12 months fmm when the flnondo18tstwits are authori lor I0. Our rnsp)n8folllUes $SItI1•S d the Inkiiw8 th41h respct to gthj ¢Cen are do8crfbed In ih? relovanl t1# of thls rnport. oth•r Inlorni•Uon Th• other Inlorm4fjon comprfgu th• Irrfrymk)n ltheAI In th• annual reFKMt. th•n th• fln•ndal st•tomw our 8udltos reprAt thereon. The Intslèes arè responsible lor the other h)fMn8tMin coniained withkn the onnu81 report. Our oplnlon on tha financl81 slatemwis 1kn88 not cover the olher Inl¢ymatlon and wg Ilo not express any fom of assurance condu81on ther•)n. In wllh our audit the financa81 $tatem•nls. our rn8pon81blThty1g io read the othor inlormalion and. in doing so, wisthr whglher tho olhw in1omw1 is MaterIty In¢onslstenl wiu) the financial sl81omenl8 or our knowledge obtalned In the aLttlil or Oth9ThSe awrs to bè materlally mi$8181ed. Ifwe Idenlty such materlal IrK>Jnslslencl83 or appar8nl m818rial mlsslalements. wo 8re eqrI to det8nnina whelhor Ihls 9fvgS rt58 to a malgrlal mlsstolem•nt in tho finaNxal slatsmonts them8elvos. 11. based we have porform, wo conclLK18 Ihal Ihere li malerf81 mlsst•lement ol Ihls olher infcrfmati. are rwuThl lo r•port that facL We have nothlng to report In thfs r•pnl. MJtt•r• on Whlch W• Ar• R•qulr•d to R•port by Exceptlon We have nothing to roput in re5P8ca of the foNthirvJ matterB W) lIon to Charitie3 {kn¥)unts and Reports Regulation5 2008 rgquirg us to r8wt to yw U. in our op1n1.. the Informalknn gen in Ihe Tntslees. is 1Stent in any ffAt•rlal rospect wilh the finanrAal ltatsmts. airtrIenI acry)unliry rec4Yds have not been kepl; or the financial slai8m8nts Are not in agr8em8nt with th8 &()n{lng I(¥d5 or r8tums". or we have not recaved 811 the knfom)alion and extAana1lcrf we roquirn our a11. R•gponslbSlltl•s of Trust••s As expl8ln8d more lulty In the Trust8es' R8sr*)nsibllities Statenl set out on pa99 14. Ihe trustses are re8p)nsFbl• for the prap8ration ol the finanual statements arKI fty botrYJ satEr thal they grve a twe and falr ew. and for such inlemal OtrOl as the trusloes d81ormirn is necessary to enabte the Weparati( of financial ststemènts that are free from matorl misslatemenl, whelhw due to fraLKI or error. 07
In preparlng the fiThandal ststements, tha trustee$ are responslblo for sses8lng th8 chartvs abllrty to contlnue as a golng concern. disdoslng. as applicable, matters Telated lo golng concem and uslng the golng concem basls of 8¢¢0unllng unlèss thè trusleés either intend to U[date charity or to cea$g operntOon8, or hava no re816stfic altemauve but to do Audltorfs Ro8ponslblllt108 for th• Audlt of th• Flnanclal Statsments Our objectives are to obtain rea80nabla assurance about whelher the flnandal slalements as a whole are free from material misstBt8m8nl. wthelher due to fraud or error. and to is$ an audltorfs report that Includes our oplnlon. Reasonable assurance is a hlgh18vel o185surance, but is not a guarant•8 Ihat afi audit cnnduc18d In accordance wilh ISA9 IUK) wlll always delecl 8 materlal misslatgment when R exlsts. Mi88lalements CBn 8dse from fr8ud or error an(1 aro con8ldeTed rnaterlal If, Indfvklualty or In the 8ggregat8, Ihoy could r9a50nably be expected lo Irffluenco the econpm dècl8lon3 of u8ers taken on b85L8 of these financial Statements. The •xtenl to whlch our procoduw arg c8p4bl8 of d81ng Irregularltl•s, kndudlng fraud18 det8llad . th8 engaaemenl p8rlner ensured that the engagement leam colledvely had the approprfate cornpel8nce, capabllblles and skllls to IdtIfy or recognlse non compllance wllh appllcoblè laws and regulallon8. we Idontlfied the law8 and regulallons appllcablg lo the compary through dlscu8slon8 Wtth dlrector8 and olhar monagement.. • wo 888e888d the extent of mlence wlth laws regulallon8 [denfied al)ove through maklng onqulrfo8 of managgmont and InsInglegal Cl)rrpOndenCe.' . Ihe Identlfted18ws ond regulauons were communtcaled wllhln the aud6t team regulady and Its team r¢mblned ahrt any Instanc88 on nonwCArympll8nce Ihroughout tho audlL Wa a68•sd th8 Suscepliblllty of th8 GompanY8 financLql 8lalfjm8nts lo mai•rlal m188tsteml kndudlng obtalnlng an und•rst8nding ol how fraud mlght c¢cur, by., ' maklng enqulrfes managomenl a$ k) where Ihey con8ldw•d thoro wai su8captbbllbty lo fraud, thelr krthvl•dgo ol a¢tu81, 8U8Fected and alleg8¢J fr8Ltd; and conslderfng the Int8mal corTrtrol$ In placo lo MgaI• rl8k8 olfrwjd and nonfr¢ompllanc8 wlth laws and r•gul8V¢Jn8, To addrn88 tho dsk of fraud throLyh mjnaggmenl bla6 and ovothdo of contro. w•: ' porlormod on8lyll¢al procedure8 lo Idenllfy an unusL4 or unèxpeclod rglaUonghlp8; . ts$1 joum816ntri8s lo Id•ntlfy unLtsual transaclloro: • a88858ed whether judgemvJnl8 and a8sumplon8 made In delomlrdng tho a¢counllno 88tlmale8 were IndlrAlv• ol Fotsntlal blas; an¢J • Inv8811g8lèd and ev41ualed the buBlng88 r8llon8L• ol s1gnlftcI tr8nsactlons outstde the nomial cour8e of bu$lrw88. In re$pon80 10 th risk of lff8wlarfllas and nOnomplI#n¢8 wlth law8 and regulallons, wo d881gned procedureB which Indudèd, but Ilmltod to., ' revlewlng ffinanclal statsmgnl dl•¢b#urès and tesung to supportlng doGumor¢talion to 888888 COM14nce wtth apptlc•ble 18V7 and regulatlon¥. • evaluale the overall wesentallon, slructurn and ¢ontont ol the flngnclal stal•menls, ihe dl8do8ure8, and whother Ihe flnancI sta18mlS rnpr8sonl Iho undertylng trnn$ns and ¢vonts In 8 mann•r ihal 8¢hleves falr preseniallon 118. glves a Irue and falr vlewl. Because of the Inherent Ilmlt8tlon8 of an audlt, ther• Is a rlsk that we will not detect all irregul8dlle8. In¢ludlnp thos8 laadlng to a material rnlsslalemenl in the financlal stalements or noTrcofflplianc8 with regulalion. This In¢rases the more th8 compllance wlth a law or regutIon 1$ romov8d from Ihe events and Iransacllon$ r818ct8d In the fftnanclal ststgments. as w• wlll bolgss Ilkely to bOrn• 8ware of In8t8nc•8 of nO0mplIance. The rf3k1s 8180 grg8t8r ragardlng IrrogularitJe8 accwlng due lo fraud rather In orrnr, gy fraud Involves Intentional concealmgnt, forgory, colluslon, omlsslon or m15rewesentslion. A further tJe$¢ription of our r8sponslbHltl8s for the audlt of the1SnanclBI $tatem&nls Is located on the Fln8ThJal Rewtlng Council's websiie at www.frc.org.ukJauditorsresponslbSlltles. This desmplion forn part of our Rgport of the Audltors, U• Of Our Rèport This report Is made solely to the ch8r[s trustees, 88 8 body. In accordancg wlth Part 4 of the Charfttes {A¢¢ount8 and RortS) Regulations 2008. Our work has been undertaken so Ihal w8 mlghl st818 to the charlty's trugtaes Ihose matters th81 we ero raqulr8d to stale lo them in an audilor's repcffl arKI for no other purpose. To tho fullest exlonl Femiitted by law, we do r1 8¢¢&Pt ¢y assume responsibility to 8nyon8 other than tho charity and th• charity'3 tru$to&s as a body. lor our audit worl for Il¥s rep. or for the opinions have formed.
Ilyas P LtISOT SiaTuILiry Audiiorl foi" an(1 tsn bel1( ot. Ilyas Palrl IALLuiinianr51 LinJii¢(L slUtry Auditor 3011012025 Ilyas Patel (Actountantsl Limited Solornon House Belgrave Court Fulwood Preston PR2 9PL Ilyas Patel (Afjcounlantsl Limited is eligible for appointment as auditor ol the tharity by virlue of 115 eligibility lor appointment as auditor ol a cornpany under seGtion 1212 01 the Companies Aci 2006.
Glob Ald Ftyllthtlon Statement of nd•1 ACtlf¢rtheYeY Ended 30 September 2024 Total fd5 2024 Income and Endowments from: Voluntary Income Charftable Income GkftAid 192.937 192.937 956.645 6,693 1.156,275 956.645 6.693 199.630 956.645 expendire on: Charitable donatlons Bank Charges General Expense5 relephofie and Computer tharges Audit Fees 8ookkeepln8 and ACcnnc¥ Fees Total Expendlture Net movement in funds Re¢onciliation of funds Total Funds brought forwa Total funds carried fonward 169. 1.020.434 1.189,499 675 62 259 8.400 675 62 259 8.4(K) 179.242 20.388 1,020.434 (63.7891 1.199.675 143.4011 22.544 42,932 63.789 86.333 42,932 Total 2023 Voluntary Income Charitsble Income 61.233 61.233 509,881 57L114 509.881 509.881 6L233 Expendlture on: Charitable donations 8ank Charges General Expenses Telephone and Computer charBes Bookkeeping and Attountsncy Fee5 Total Expenditure Net movement in funds Rewndllatlon of fund5 Total Fund5 brought forward Total funds Carried forward 40.824 425 iii 51X).870 $41.694 425 iii 1.860 43,928 17,305 1,860 544,798 26.316 5(J),870 9.011 5.239 22,544 54,778 63.789 60,017 86.333 All of the charity's aCtivTrties derive from continuing operions duringthe above two periods. The funds breakdown for 2024 is shown in nots 6. io
Global Ald Foundatlon {RwtMion number. 1147370) Balance Sh••t as at 30 September Z014 2024 20ZJ Current assets Debtors Cash at bank and in hand S2.112 52.112 87.413 Cfedltors: Amounts fallry duo wlthln one year I9.1) 11.080) Net assets Funds ofthe thaflty: Ca*1 Contrlbuted by trustees or members Reslrlcted fund5 63.789 Unrestricted Income Unrestrfcted funds 41932 22Y4 Total funds The financial statements on pages 10 to 16were apwry4ed by the trustees, and authorised for Issue on 3011012 d Signed on their behalf by: Mrlmran Modan Trustee 41.iJV Mr Arshad Siraj Patel Mr Samir Faiz Rasul Trustee li
Global Ald Foundatlon Notes to the n1Th StAtements for the Year Ended 30 Septrmb¢r 2024 l Accoundng pollcles S¢¢ement of eompllante The financigl 51a¢ements havc been prepared in accordan¢c with Accounting and RqJortill8 by Charities.. Statement of llec0ded Practice applicable to clwities pr¢paring their a¢coLnt$ in A9rdance with ihe Finala1 Reporting Standard applicable in UK gnd R¢publi¢ of Ir¢land (FRS 1021 (effeccive l Jenuary 20151- (Chariiies SORP (FRS 102)). the Finan¢itil Rep108 StandiThl applicable in the UK and R¢publi¢ of Ireland (FRS 102) and the ChArities Aci 2011. Bili of prep•r•iloA Global Aid Foun&iioD meLS thL. dcfinilion of • public berncfit cntity undcr FRS 102. Assets and liabili11 arc initially Tccogniscd at hisknrical c051 or trinsaclion valuc uftlas othcrwisc stsfcd in lh¢ Icvant 8¢countin8poli¢y not Exempdon from preprlwl • ¢h flow i¢temeit The chariiy opled io early adopi Bullelin I published on 2 Feknwy 2016 I1 have therefore noi included a cash llow stametsi in these statements. Golni concern The tsvstees eonsider it there are no maTcrial wwtainties about the chariry's ability to coniinue a 80in8 conrn. Tr•Mldon ¢0 FRS 102 In preparin8 ihe account5. the tru5ttts hJvc Consider wh¢th¢r in •pplying th¢ gccounling polici¢$ requir¢d by FRS 102 and th¢ Charilies SORP FRS 102 8 rest8lemeni of compar8liYe items was required. No reststements are reqUId •s a result of the transiiion to FRS 102. Income And ¢DdowmtTrts Volunlary income including donalions, gift& legxies and th•1 provide ¢tye funding or ore of a general nalure i$ recognised when the charily has etttitlemeni to the income. it is probable ihai the income will be Teceive¢ and the amount can be mea8u with Sufficient reliability. Grnnts re¢dvqbl¢ Grants llre reco8nised when the chlrity 5 an entitlement to the fund5 and any conditions linked io the ants have bttn met. Where PerfOrnnCe condition$ are 8ttached to the grant and are yet to be met, th¢ ine(xn¢ 15 r¢co8nised as a liability aThl inclth on the balle sheet as deferred income be released.
Global Afd Foundatlon Notes to the Flnanclal Statements for the Year Ended 30 September 2024 Expendltur¢ All expendittire 15 recognised oncc thcrc is a l¢gal or constructiv¢ obli8&tion to tlwi cxpcnditurc. li is prob&ble settlement 18 r¢quired and the amowit be measur¢d reliably. All Losts are allocated ro the applicable expenditure heading those aggregaie Similar cosis io that c8tegory. Where cosi$ c¥snnol be direcily attributed lo porticul&r headin85. they have allocakd on a basis con$islent with the use of resources. with central staff ¢osts all1xad on the basi8 of time spent, and deprecilluon charges alloc•led on the portion of the asset's use. Other support costs ore allOted based on ihe spT¢ad of staff costs. Charlteble Charitsblc expenditure Lompris¢s thosc costs inLltrrcd by tlie chariiy in ihc dclivery of its aciivities and sL'rviccs for its bcn¢fiLiarics. It includes boih costs. Ihat Lan bc allocat diwL'tly io sh activities and thosc cosls of an indiwcl na. n¢¢cssary to L4UPPOrt ih¢m, Support Costi Support costs include witral fun¢iions and have been ollocated tD aciiviry cost categories on a b18 consistent witb the use of Tesourc¢$, for example. ollocating property ¢osts by floor Ar¢as. or per capila. staff costs by the time $p¢nl and other cos(& by their usase. Goi'ern•nee eoits These include th¢ costs attributable lo the chwity's ¢omplian¢¢ with consiitutional and statutory requiremen14 including audi4 ¥lraie8ic mana8¢meni 4nd Irustees. me¢tin88 and reimbursed expenses. Tax#¢lo The charily is considereil io pyss Ihe sts sei out in Para8raph I Schedule 6 of Ih¢ Fin4nce ACL 2010 and iherefore il meeL% Ihe definiiion of a chariiable company for UK ¢orporaLion tax purposes. Ac¢ordingiy, the chgrity is potentially exempl from tsxation in r¢spe¢i of income or cppilal gains received within categories covered by Chapter 3 Part I l of the Corporntion Tax Aci 2010 or Section 256 of the Taxaiion of Chargeable Gains Act 1992, to the extent that 8ULh in¢om¢ or 8ain8 are applied cxcluyivcly Io Lharilabl¢ purpos¢s. Ctsh Cash equlvAlnts Cllsh 8nd ¢ash equivalents comprise ¢&sli orb hand and call deposits. and other short-t¢rni ht8hly liquid inv¢$tments that are readily ¢onv¢rtibl¢ lo a known amount of cash and are subject to an insignificant risk of change in value. 13
Global Ald Foundatlon Notes to the FInal•l Ststements for the Year Ended 30 September 2024 Restrlrted funds Totsl 2024 Totsl 2Q23 Grants, In¢ludlni c•pitsl zrants; Grants from other charltles 956.645 956,645 509,881 956,645 956.645 509.881 3 Tfurtees remun*atlon and expettses No trnstees. nor any persons connected wlth them, have recelved any remuneratlon from the charlty durln8 the year. No trustees have recetved any relmbursed expenses or any other beneflts from the charlty durfnl the year. 14
Global Aid Foundatlon Notes to the Flnandal Statsments for the Year Ended 30 September 2024 4 Taxatlon The charity is a gIstered charity andls therefore exempt from taxatlon. 5 Credltors: amounts fall1 due wlthln one year 2024 2023 Other Credltors Accruals 9.180 9.180 26,428 6 Funds B•lan¢e blf 0111012023 In¢ornlnB re50urce5 Out801 Resource5 Balae ot 3010912024 Unrestrlcled funds Genernl General 22,544 199.630 179,242 42,932 Restrlrted funds Emergency Winter Rellef Emergency Food Ald Emergency Rellef Orphan Sponsorship Orphanage Support Sunéry- Food, WH Pumps. Orphan Water Hand Pump Zakat s0,on 99.996 193.629 150,074 193.629 13.711 183.083 IIXl.548 50.778 25,383 303.228 13,711 183,083 100,548 50,778 25.383 303,228 Totsl Re5tr]cted Fund 63,789 956,645 1,020.434 Total Funds 86,333 1.156,27S 1.199.675 42,932 15
Global Ald Foundat1¢ Notes to the Flnandol Statements for the Year Ended YO September 2023 Balance blf OIIIO/Z022 Outgoln8 Resources Balance at 3010912023 resouKes Unrestrlrted funds Genernl General 5.239 61,233 43,928 22.544 Rertrlrted fvnds Emergeiy Winter Rellef Emergency Food Ald Emergency Relief Orphan Sponsorship Orphanage Support Ramadan Sundry- Food, WH Purnps, Orphan 139,648 65.141 63.435 110.151 6,431 49.986 75.089 89.570 65,141 49,724 146,717 6,431 49.986 93,301 50,078 13,711 36.566 18,212 Total Re5trlcted Fund 54,778 S09.881 500.870 63,789 Total Funds 60.017 571,114 544.798 86.333 16