**CHARITY REGISTRATION NUMBER: 1170795** ## **RESCUE AID TRUST Unaudited Financial Statements** # **31 December 2022** ## **FRED MICHAEL & CO** Chartered accountants 216 High Road Chadwell Heath Romford Essex UK RM6 6LS ## **RESCUE AID TRUST** ## **Financial Statements** ## **Year ended 31 December 2022** ||**Page**| |---|---| |Trustees' annual report|**1**| |Chartered accountant's report to RESCUE AID TRUST on the|| |unaudited financial information|**3**| |Statement of financial activities|**4**| |Statement of financial position|**5**| |Notes to the financial statements|**6**| ## **RESCUE AID TRUST** ## **Trustees' Annual Report** ## **Year ended 31 December 2022** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022. ## **Reference and administrative details** **Registered charity name** RESCUE AID TRUST **Charity registration number** 1170795 **Principal office** 36 CLIFFORD ROAD WALTHAMSTOW LONDON E17 4JE UK **The trustees** Mrs ARONY MULLICK Mr HASAN RAHMAN Ms SHAMIMA BEGUM **Accountants** Fred Michael & Co Chartered accountants 216 High Road Chadwell Heath Romford Essex UK RM6 6LS ## **Structure, governance and management** The charity has adopted internal articles for its management purposes. The charity is governed through a manageresses committee of trustees who are not paid but volunteers. **1** ## **RESCUE AID TRUST** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 31 December 2022** ## **Objectives and activities** The Charity’s objects (“the Objects”) are: 1.The relief of the poor, the aged, children and the needy in any part of the world, primarily when arising from public calamity (including floods, earthquakes, drought, famine, epidemics, plagues, war victims, refugees and other natural disasters) and in particular but without prejudice to the generality to the foregoing, for the purpose to provide grants, food, clothing, shelter, medical aid and supplies. . 2.To advance education by the provision of agriculture and industrial projects with the aim of enabling those being helped to become self-sufficient. 3. To support those affected by COVID-19 pandemic 4. To provide support to partners and organisation ## **Achievements and performance** During the financial year ending 31 December, Rescue Aid Trust actively supported various partners and organisations during the Covid- 19 pandemic including NHS initiatives. ## **Financial review** Rescue Aid Trust was fundraising through various medium and supported many people throughout the year. The net assets of the Rescue Aid Trust as at 31 December 2021 amounted to £987 (unrestricted) The trustees' annual report was approved on 20 October 2022 and signed on behalf of the board of trustees The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by: Mr HASAN RAHMAN Trustee Charity Secretary **2** ## **RESCUE AID TRUST** ## **Chartered Accountant's Report to RESCUE AID TRUST on the Unaudited Financial Information of RESCUE AID TRUST** ## **Year ended 31 December 2022** In accordance with the engagement letter dated 1 April 2020, we have prepared for your approval the financial information of RESCUE AID TRUST for the year ended 31 December 2022, which comprise the statement of financial activities, statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the board of trustees of RESCUE AID TRUST, as a body, in accordance with the terms of our engagement letter dated 1 April 2020. Our work has been undertaken solely to prepare for your approval the financial statements of RESCUE AID TRUST and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release TECH08/16AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RESCUE AID TRUST and its board of trustees, as a body, for our work or for this report. You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all informations and explanations necessary for its compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information. FRED MICHAEL & CO Chartered accountants 216 High Road Chadwell Heath Romford Essex UK RM6 6LS **3** ## **RESCUE AID TRUST** ## **Statement of Financial Activities** ## **Year ended 31 December 2022** |||**2022**|**2022**|2021| |---|---|---|---|---| |||Unrestricted||| |||funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|£| |**Income and endowments**||||| |Donations and legacies|**4**|165,870|165,870|242,337| |||���������|���������|���������| |**Total income**||165,870|165,870|242,337| |||���������|���������|���������| |**Expenditure**||||| |Expenditure on charitable activities|**5,6**|191,291|191,291|216,279| |||���������|���������|���������| |**Total expenditure**||191,291|191,291|216,279| |||���������|���������|���������| |||���������|���������|���������| |**Net (expenditure)/income**||(25,421)|(25,421)|26,058| |||���������|���������|���������| |**Reconciliation of funds**||||| |Total funds brought forward||26,408|26,408|350| |||���������|���������|���������| |**Total funds carried forward**||987|987|26,408| |||���������|���������|���������| **The notes on pages 6 to 9 form part of these financial statements.** **4** ## **RESCUE AID TRUST** ## **Statement of Financial Position** ## **31 December 2022** |||**2022**|2021| |---|---|---|---| ||**Note**|**£**|£| |**Current assets**|||| |Cash at bank and in hand||987|26,408| |||����|��������| |**Net current assets**||987|26,408| |||����|��������| |**Total assets less current liabilities**||987|26,408| |||����|��������| |**Funds of the charity**|||| |Unrestricted funds||987|26,408| |||����|��������| |**Total charity funds**|**9**|987|26,408| |||����|��������| These financial statements were approved by the board of trustees and authorised for issue on 17 November 2021, and are signed on behalf of the board by: ## Mr HASAN RAHMAN Trustee **The notes on pages 6 to 9 form part of these financial statements.** **5** **RESCUE AID TRUST** ## **Notes to the Financial Statements** ## **Year ended 31 December 2022** ## **1. General information** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 36 CLIFFORD ROAD, WALTHAMSTOW, LONDON, E17 4JE, UK. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Statement of financial activities** ## **Judgements and key sources of estimation uncertainty** No uncertainty ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **6** ## **RESCUE AID TRUST** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2022** **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. **7** ## **RESCUE AID TRUST** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2022** ## **4. Donations and legacies** ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---| ||Funds|**2022**|Funds|2021| ||£|**£**|£|£| |**Donations**||||| |General Donations|165,870|165,870|2,637|2,637| |Feed-5K|–|–|109,197|109,197| |NHS Trust|–|–|112,439|112,439| |Fuad Appeal|–|–|3,777|3,777| |Feed-20K|–|–|14,287|14,287| ||���������|���������|���������|���������| ||165,870|165,870|242,337|242,337| ||���������|���������|���������|���������| ## **5. Expenditure on charitable activities by fund type** ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---| ||Funds|**2022**|Funds|2021| ||£|**£**|£|£| |Charitable Activity|190,564|190,564|–|–| |Charitable Activity|–|–|10,000|10,000| |Activity type 4|–|–|27,225|27,225| |Activity type 8|–|–|20,001|20,001| |Support costs|727|727|159,053|159,053| ||���������|���������|���������|���������| ||191,291|191,291|216,279|216,279| ||���������|���������|���������|���������| ## **6. Expenditure on charitable activities by activity type** ||Activities|||| |---|---|---|---|---| ||undertaken||**Total funds**|Total fund| ||directly Support costs||**2022**|2021| ||£|£|**£**|£| |Charitable Activity|190,564|727|191,291|2,409| |Charitable Activity|–|–|–|14,065| |Activity type 4|–|–|–|87,353| |Activity type 7|–|–|–|92,451| |Activity type 8|–|–|–|20,001| ||���������|����|���������|���������| ||190,564|727|191,291|216,279| ||���������|����|���������|���������| ## **7. Staff costs** The total staff costs and employee benefits for the reporting period are analysed as follows: **2022** 2021 **£** £ The average head count of employees during the year was Nil (2021: Nil). No employee received employee benefits of more than £60,000 during the year (2021: Nil). **8** ## **RESCUE AID TRUST** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 December 2022** ## **8. Trustee remuneration and expenses** - no remuneration or other benefits from employment with the charity or a related entity were received by the trustees; or ## **9. Analysis of charitable funds** ## **Unrestricted funds** |**Unrestricted funds**|||||| |---|---|---|---|---|---| |||At|||**At**| ||1|January 202||**31**|**December**| |||2|Income|Expenditure|**2022**| |||£|£|£|£| |General funds||26,408|165,870|(191,291)|987| |||��������|���������|���������|����| |||At|||At| ||1|January 202||31|December| |||1|Income|Expenditure|2021| |||£|£|£|£| |General funds||350|242,337|(216,279)|26,408| |||����|���������|���������|��������| **9**