## **Accounts**
## **Fountain of Mercy**
**Reports and Accounts**
**For the Year Ended**
**31 March 2025**
**Charity number 1157224**
**Fountain of Mercy Reports and accounts Contents**
||Page|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report & Statement of responsibilities|2 to 4|
|Independent Examiner Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Annual Accounts|8 to 10|
## **Fountain of Mercy Reference and Administrative Details**
|**Trustees**|||
|---|---|---|
||Mr Mohammed Kaydul Islam|Trustee|
||Mr Abdullah Memi|Trustee|
||Mr Mohammed Aminur Rahman|Trustee|
|**Principal Office**|Unit 1, Britannia Estate||
||Leagrave Road||
||Luton||
||LU3 1RJ||
|**Charity Registration Number**|1157224||
|**Bankers**|Al Rayan Bank||
||44 Hans Crescent||
||Knightsbridge||
||London||
||SW1X 0LZ||
|**Independant Examiner**|HA Accountants||
||26 Leagrave Road||
||Luton||
||LU4 8HZ||
1
## **Fountain of Mercy**
## **The report of the trustees for the year ended**
## **31 March 2025**
The trustees present their annual report and accounts for the year ended 31 March 2024.
## **Objectives and Activities**
## **Charitable Objectives.**
## **The Charitable trust is governed by the CIO - Foundation Registered 29 May 2014.**
## **Aims of Charity**
THE PREVENTION AND RELIEF OF POVERTY AND SUFFERING BY PROVIDING ORPHANS, UNDERPRIVILEGED CHILDREN AND NEEDY PEOPLE ACCESS TO EDUCATION, FOOD, CLEAN WATER, MEDICAL AID AND SHELTER. (2) THE RELIEF AND ASSISTANCE OF PEOPLE WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE, IN PARTICULAR, BY THE SUPPLY OF MEDICAL AID TO SUCH PERSONS.
## **Objectives for the year.**
During this year the charity sought to:
-The advancement of health or saving of lives.
-Provision of education and welfare to disadvantaged children.
- -The prevention and relief of poverty.
## **Public benefit statement**
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit published by the Charity Commission for England & Wales.
## **Achievements and Performance**
-The Charity continued to provide services and relief to disadvantaged children.
## **Financial Review**
During the year the charity's income was **£198,875 (2024: £281,840)** and after expenditure of **£379,282 (2024: £151,791)** the carry forward reserves stood at **£123,147 (2024: £303,554).**
## **Reserves policy**
The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead.
Current reserves are adequate based on our knowledge and experience.
## **Principal funding source**
The principal income was generated through collection of donations in accordance with the objectives of the charity. The principal expenditure related to the cost of providing financial aid to those in need.
## **Plans for future periods**
The Charity will also continue to look at options to diversify in delivering the aims and objectives of the Trust.
2
**Fountain of Mercy The report of the trustees for the year ended**
## **31 March 2025**
## **Structure, Governance and Management**
## **Nature of the Governing Documents**
The Charity is an unincorporated association governed by a trust deed. Eligibility for membership of the charity, and membership of the board of trustees is governed by the trust deed. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
## **Recruitment and appointment of new trustees**
New Trustees are appointed by invitation based upon the specific requirements and the skill set needed by the charity to help advance the charitable objectives.
## **Induction and training of trustees.**
We have at the moment no policy or procedure for the training of trustees, other than the "do's and don'ts" publication provided by the charity.
## **Organisational structure and management.**
Trustees meet regularly on a monthly basis to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members. Day to day management and responsibility for implementing policies is carried out by the trustees. There is 1 part time employee and a number of volunteers.
## **Related parties**
Other than the Trustees and those persons connected with them there are no individuals who are related parties. Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to Trustees.
## **Risk Management**
The trustees acknowledge their responsibilities for establishing a risk management system and satisfield that appropriate systems and procedures are under development and continue to keep the strategic, business and operational risk under review with view to introducing, where necessary, additional procedures to mitigate these risks.
3
**Fountain of Mercy The report of the trustees for the year ended**
## **31 March 2025**
## **Statement of Trustees' Responsibilities**
The Trustees are resonsible for preparing the trustees' report and the financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity.
In preparing those financial statements the Board is required to :-
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **This report was approved by the board of trustees on 15/01/2026**
**Mohammed Kaydul Islam Trustee**
4
## **Independent Examiners Report on the Accounts**
Report to the trustees/members of: **Fountain of Mercy** On accounts for the year ended: **31 March 2025** Charity no **1157224** Set out on pages: **6 to 10**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st March 2025.
## **Responsibilites and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- The accounting records were not kept in accordance with section 130 of the Charities Act; or
- The accounts did not accord with the accounting records; or
- The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) regulations 2008 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.
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 accounts to be reached.
Signed: Date: 16/01/2026 Name: M A Haque Bsc, MBA, FFA
5
## **Fountain of Mercy**
**Statement of Financial Activities For the Year Ended 31 March 2025**
|**Notes**
**Income and Endownments from**
Donations and legacies
2
**RESOURCES EXPENDED**
**Cost of charitable activities**
**Governance costs**
**3**
**_Total funds carried forward_**
**Total incoming resources**
**Total resources expended**
**Net movement in funds**
**Total funds brought forward**|**Unrestricted**
**funds**
**Total Funds**
**2025**
**£**
**£**
198,875
198,875
**198,875**
**198,875**
379,102
379,102
180
180
**379,282**
**379,282**
**(180,407)**
**(180,407)**
**303,554**
**303,554**
**123,147**
**123,147**|**Last Year**
**Total**
**Funds**
**2024**
**£**
281,840
**281,840**
151,611
180
**151,791**
**130,049**
**173,505**
**303,554**|
|---|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for Engtand & Wales and is reconciled to the total funds as shown in the Balance Sheet on **page 7** as required by the said statement.
**All activities derive from continuing operations**
**The notes on pages 8 to 10 form an integral part of these accounts**
6
**Fountain of Mercy BALANCE SHEET As at 31 March 2025**
|||||**2025**||||**2024**|
|---|---|---|---|---|---|---|---|---|
||**Notes**|||**£**||||**£**|
|**The assets and liabilities of the chartty:**|||||||||
|**Current Assets**|||||||||
|Cash at bank and in hand||**123,327**||||**303,734**|||
|**Creditors: amounts falling due**||**123,327**||||**303,734**|||
|within one year
**Net Current Assets**
**Total assets less current liabilities**|5|**(180)**||**123,147**
**123,147**||**(180)**||**303,554**
**303,554**|
|**Total Net Assets**||||**123,147**||||**303,554**|
|**The funds of the charity:**|||||||||
|**Unrestricted income funds**|7|**123,147**||||**303,554**|||
|**Total charity funds**||||**123,147**||||**303,554**|
|**Approved by the board of trustees on 15/01/2026**|||||||||
|**Mohammed Kaydul Islam**|||||||||
|**Trustee**|||||||||
**The notes on pages 8 to 10 form an integral part of these accounts.**
7
**Fountain of Mercy Notes to the Accounts For the Year Ended 31 March 2025**
## **1 Accounting policies**
## **Statement of compliance**
These accounts have been prepared in accordance with 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 2015)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Charity meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and therefore not included a cash flow statement in these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## **Donations and legacies**
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **EXPENDITURE AND LIABILITIES**
## **Liability Recognition**
Liabilities are recognised where it is more likely than not there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance costs**
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Fixed assets and depreciation**_
All tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less depreciation. Items of less than £1000 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated useful economic lives.
Land & Buildings 2% straight line Plant & Machinery 25% reducing balance Motor Vehicles 25% reducing balance
A regular annual review of the likelihood of asset impairment is undertaken.
## _**Taxation**_
The charity is exempt from corporation tax on its charitable activities.
## _**Funds stucture policy**_
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds can only be used for particular restricted purposes within the objects of the charity.
8
## **Fountain of Mercy Notes to the Accounts For the Year Ended 31 March 2025**
|**2 Incoming resources**
**2025**
**£**
**Voluntary income**
General Donations
198,875
198,875
**3 Resources expended**
**2025**
**Charitable activities:**
**£**
**Education**
Staff Cost
0
Charitable Activities
367,702
367,702
**Administrative expenses**
Telephone
0
Stationery and Printer Supplies
172
Travel & Subsistence
11,008
11,180
**Support Cost**
Staff Training & Welfare
0
Advertising
0
0
**Others**
Sundry Expenses
0
Motor Expenses
220
220
379,102
**Governance costs:**
Accountancy/ Internal Examiner
180
**4 Staff Costs and Emoluments**
**2025**
**£**
Gross Salaries
0
Employer's National Insurance
0
Employers Pension
0
0
**Numbers of full time employees or full time equivalents**
**2025**
**£**
Engaged on charitable activities
0
Administration
0
There were no fees or other remuneration paid to the trustees
There were no employees with emoluments in excess of £60,000 per annum|**2024**
**£**
281,840
281,840
**2024**
**£**
0
140,128
140,128
54
81
11,129
11,264
0
0
0
0
219
219
151,611
180
**2024**
**£**
0
0
0
0
**2024**
**£**
0
0|
|---|---|
9
**Fountain of Mercy Notes to the Accounts For the Year Ended 31 March 2025**
|**5 Creditors: amounts falling due within one year**
Trade creditors
**6 Analysis of the Net Movement in Funds**
Net movement in funds from Statement of Financial Activities
**Net movement in funds available for future activities**
**7 Net Assets by fund**
**Unrestricted**
**funds**
**£**
**Current Assets**
123,327
**Current Liabilities**
-180
123,147|**2025**
**£**
180
180
**Restricted**
**funds**
**£**
-
-
0|**2024**
**£**
180
180
**2025**
**£**
-180,407
-180,407
**Total Funds**
**2025**
**£**
123,327
-180
123,147|**2024**
**£**
130,049
130,049
**Total Funds**
**2024**
**£**
303,734
-180
303,554|
|---|---|---|---|
## **8 Related Party Transactions**
No fee or expenses were paid to trustees or persons connected with them
10