Charity registration number 1156561
Company registration number 08670686 (England and Wales)
REHMAT TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
REHMAT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr Salamat Ali |
|---|---|
| Mr Majid Ali | |
| Mr Aadil Ali | |
| Mr Amanat Ali | |
| Secretary | Mr Salamat Ali |
| Charity number | 1156561 |
| Company number | 08670686 |
| Principal address | 3 Friars Way |
| London | |
| W3 6QF | |
| Registered office | 183-189 The Vale |
| Acton | |
| London | |
| W3 7RW | |
| Independent examiner | Reddy Siddiqui LLP |
| 183-189 The Vale | |
| Acton | |
| London | |
| W3 7RW |
REHMAT TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 9 |
REHMAT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their annual report and financial statements for the year ended 30 September 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Rehmat Trust's governing document , the Companies Act 2006 and "Accounting and Reporting 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 (FRS 102) (effective 1 January 2019)".
Objectives and activities
The objects are to set up, create, establish and arrange institutions for the advancement of health and education for the poor communities.
One of the key objectives of Rehmat trust was to provide support to projects and institutes, which are responsible for refurbishment of medical facilities and providing free health services including medicines and treatment to the poor people.
Human Welfare Society (HWS) is one of such organisations. It is a non-profit, charity working towards delivering accessible health and education facilities in Sahiwal, Pakistan. It is also voluntarily responsible for the maintenance and repairs of Qayyum hospital in the heart of the city.
HWS urgently needed funds to refurbish medical wards at Qayyum hospital, which were in a very poor and unhygienic state and maintain them going forward. Rehmat trust stepped forward and provided HWS with these funds which not only helped them repair the facilities but also provide free treatment and medication for the people who were unable to afford it. In return, HWS provided all the evidence including receipts and pictures of how these donated funds were effectively utilised.
The refurbished hospital facilities and free medical support will now help the local poor communities for years to come.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Rehmat Trust should undertake.
The results for the year are shown in the statement of financial activities including income and expenditure account.
Achievements and performance
Rehmat Trust was successfully able to support different projects and institutes during the year, both local and international. This included health care and education facilities for people in developing areas and supporting some other well-known charitable organisations
Financial review
Please refer to statement of financial activies.
It is the policy of the Rehmat Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Rehmat Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the Rehmat Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The company is a registered charity and a company limited by guarantee without having any share capital.
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REHMAT TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr Salamat Ali
Mr Majid Ali
Mr Aadil Ali
Mr Amanat Ali
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
-
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
The charity is single organisation.
There are no connected charities.
Supplier payment policy
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
-
settle the terms of payment with suppliers when agreeing the terms of each transaction;
-
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
The trustees' r eport was approved by the Board of Trustees.
Mr Salamat Ali Mr Amanat Ali Trustees Trustees 23 June 2022
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REHMAT TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REHMAT TRUST
I report to the trustees on my examination of the financial statements of Rehmat Trust (the Rehmat Trust) for the year ended 30 September 2021.
Responsibilities and basis of report
As the trustees of the Rehmat Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Rehmat Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Rehmat Trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Rehmat Trust as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Reddy Siddiqui LLP
183-189 The Vale Acton London W3 7RW
Dated: 23 June 2022
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REHMAT TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds |
||
| 2021 | 2020 |
||
| Notes | £ |
£ |
|
| Income and endowments from: | |||
| Donations and legacies | 3 | 48,568 | 26,195 |
| Other income | 4 | - | 11,031 |
| Total income | 48,568 | 37,226 |
|
| Expenditure on: | |||
| Charitable activities | 5 | 27,055 | 28,854 |
| Net income for the year/ | |||
| Net movement in funds | 21,513 | 8,372 |
|
| Fund balances at 1 October 2020 | 36,215 | 27,843 |
|
| Fund balances at 30 September 2021 | 57,728 | 36,215 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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REHMAT TRUST
BALANCE SHEET
AS AT 30 SEPTEMBER 2021
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Income funds Unrestricted funds |
2021 £ 58,148 (420) |
£ 57,728 57,728 57,728 |
2020 £ 36,635 (420) |
£ 36,215 36,215 36,215 |
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 23 June 2022
Mr Amanat Ali
Trustee
Company registration number 08670686
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REHMAT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
Charity information
Rehmat Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 183-189 The Vale, Acton, London, W3 7RW.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Rehmat Trust's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting 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 (FRS 102)" (effective 1 January 2019). The Rehmat Trust is a Public Benefit Entity as defined by FRS 102.
The Rehmat Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the Rehmat Trust . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Rehmat Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Rehmat Trust.
1.4 Incoming resources
Income is recognised when the Rehmat Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Rehmat Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Rehmat Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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REHMAT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
1 Accounting policies
(Continued)
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Rehmat Trust ’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the Rehmat Trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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REHMAT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
3 Donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Donations and gifts | 48,568 | 26,195 | |
| 4 | Other income | ||
| Total | Unrestricted | ||
| funds | |||
| 2021 | 2020 | ||
| £ | £ | ||
| User definable other income heading 1 | - | 11,031 | |
| 5 | Charitable activities | ||
| Donation to | Donation to |
||
| Human | Human |
||
| Welfare | Welfare |
||
| Society | Society |
||
| 2021 | 2020 |
||
| £ | £ |
||
| Charitable expenditure heading Overseas | 24,035 | 27,784 |
|
| Charitable expenditure heading United Kingdom | 2,201 | 351 |
|
| 26,236 | 28,135 |
||
| Share of support costs (see note 6) | 279 | 189 |
|
| Share of governance costs (see note 6) | 540 | 530 |
|
| 27,055 | 28,854 |
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REHMAT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 6 Support costs Support costs Governance costs £ £ Support costs heading 1 279 - Accountancy - 540 279 540 Analysed between Charitable activities 279 540 |
2021 Support costs Governance costs £ £ £ 279 189 - 540 - 530 819 189 530 819 189 530 |
2020 £ 189 530 719 719 |
|---|---|---|
Governance costs includes payments to the accountant of £ 350 +vat (2019: £ 35 0+vat)
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
8 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2021 | 2020 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. | ||
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Accruals and deferred income | 420 | 420 |
9 Creditors: amounts falling due within one year
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