CHARITY REGISTRATION NUMBER: 1170795
RESCUE AID TRUST
Unaudited Financial Statements 31 December 2023
FRED MICHAEL & CO
Chartered accountants 216 High Road Chadwell Heath Romford Essex UK RM6 6LS
RESCUE AID TRUST
Financial Statements
Year ended 31 December 2023
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 Notes to 5 the financial statements 6
RESCUE AID TRUST
Trustees' Annual Report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
Registered charity name RESCUE AID TRUST Charity registration 1170795 number Principal office 36 CLIFFORD ROAD WALTHAMSTOW LONDON E17 4JE UK The trustees Mrs ARONY MULLICK Mr HASAN RAHMAN Ms SHAMIMA BEGUM Accountant Fred Michael & Co s 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 committee of trustees who are not paid but volunteers.
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RESCUE AID TRUST
Trustees' Annual Report (continued)
Year ended 31 December 2023
Objectives and activities
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The Relief of the Poor, Aged, Children, and the Needy:
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To provide relief globally in situations arising from public calamity, including floods, earthquakes, droughts, famine, epidemics, plagues, war victims, refugees, and other natural disasters. This includes providing grants, food, clothing, shelter, medical aid, and supplies.
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Advancement of Education:
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To support agriculture and industrial projects aimed at helping beneficiaries achieve selfsufficiency.
3. Support to Partners and Organizations:
To assist partners and organizations aligned with the charity’s objectives.
Achievements and performance
1. Flood Project:
Bangladesh is highly vulnerable to natural disasters, particularly floods. The impact of floods is significant, destroying lives, food supplies, and property. For instance, the floods of 2022 in Sylhet and Sunamganj were particularly devastating. This year, Bangladesh experienced three major floods affecting various districts including Sylhet, Sunamganj, Moulvibazar, Noakhali, Feni, Cumilla, Lakshmipur, and Chittagong. Rescue Aid Trust's quick response team provided essential support including food packs, dry food, hot meals, fresh water, and medicine.
Locations of Assistance:
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Food Packaging and Distribution Programme in Feni
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Moulvibazar Food Distribution Programme
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Cumilla Food Distribution Programme
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2. Qurbani Project:
Eid is a significant religious festival for the Muslim community. However, 18.7% of Bangladesh’s population lives below the poverty line, making it difficult for many to afford Qurbani and related celebrations. Rescue Aid Trust distributed Qurbani meat to deserving families in Sylhet, Khulna, Jessore, Moulvibazar, Sunamganj, and Brahmanbaria. Thousands of families benefited from this initiative.
3. Amtoil Project:
Amtoil is one of the most disadvantaged villages in Bangladesh, where many families suffer from severe disabilities. Due to lack of awareness and access to treatment, children often die as families cannot afford
necessary care. Rescue Aid Trust has provided treatment and rehabilitation, food, housing, and installed accessible water hubs in Amtoil.
Objectives:
- Assess the needs of Persons with Disabilities (PWDs) in Amtoil Village and provide rehabilitation devices.
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- Ensure safe drinking water and accessible water supply for PWDs in Amtoil.
Assistance has been provided for the construction of houses in Amtoli Union to improve living conditions.
4. Save Sylhet:
This project supports the Sylhet region in emergencies such as winter clothing distribution, food pack distribution, and aid to disadvantaged and vulnerable populations.
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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 2023 amounted to £8005 (unrestricted)
The trustees' annual report was approved on 25 September 2024 and signed on behalf of the board of trustees by:
Mr HASAN RAHMAN Trustee
Charity Secretary
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Chartered Accountant's Report to RESCUE AID TRUST on the Unaudited Financial Information of RESCUE AID TRUST
Year ended 31 December 2023
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 2023, 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.
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 .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 information 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
22 September 2024
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RESCUE AID TRUST
Statement of Financial Activities Year
ended 31 December 2023
| Note Incomeandendowments Donationsandlegacies 4 Totalincome Expenditure Expenditureon charitable activities 5,6 Total expenditure Net (expenditure)/income Reconciliation of funds Totalfunds brought forward Total fundscarriedforward |
2023 Unrestricted funds £ Total funds £ 123,651 123,651 123,651 123,651 145,265 145,265 145,265 145,265 (21,614) (21,614) 29,619 29,619 8,005 8,005 |
2022 Total funds £ 217,483 |
|---|---|---|
| 217,483 | ||
| 214,272 | ||
| 214,272 | ||
| 3,211 | ||
| 26,408 | ||
| 29,619 |
The notes on pages 9 to 12 form part of these financial statements.
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Statement of Financial Position
31 December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Currentassets | |||
| Cash at bank andin hand | 8,005 | 29,619 | |
| Net currentassets | 8,005 | 29,619 | |
| Totalassets lesscurrentliabilities | 8,005 | 29,619 | |
| Funds ofthecharity | |||
| Unrestrictedfunds | 8,005 | 29,619 | |
| Total charity funds | 9 | 8,005 | 29,619 |
These financial statements were approved by the board of trustees and authorised for issue on 25 September 2024, and are signed on behalf of the board by:
Mr HASAN RAHMAN Trustee
The notes on pages 9 to 12 form part of these financial statements.
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Notes to the Financial Statements Year
ended 31 December 2023
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 future projects or commitments.
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.
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Notes to the Financial Statements (continued)
Year ended 31 December 2023
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:
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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.
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legacy income is recognised when receipt is probable, and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this 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.
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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:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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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.
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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.
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Notes to the Financial Statements (continued)
Year ended 31 December 2023
4. Donations and legacies
| Unrestricted Funds £ Donations General Donations 1,455 Save Sylhet 13,000 Good Deeds 19,331 AMToilProject 86,004 Feed-20K 3,861 Probashi/balagonj-Osmani Nagar 123,651 |
Total Funds Unrestricted Total Funds 2023 Funds 2022 £ £ £ 1,455 1,742 1,742 13,000 98,673 98,673 19,331 12,207 12,207 86,004 9,320 9,320 3,861 90,791 90,791 4,750 4,750 |
|---|---|
| 123,651 217,483 217,483 |
5. Expenditure on charitable activities by fund type
| Unrestricted Funds £ Charitable Activity 145,197 Support costs 68 145,265 |
Total Funds Unrestricted Total Funds 2023 Funds 2022 £ £ £ 145,197 211,711 211,711 68 2,561 2,561 |
|---|---|
| 145,265 214,272 214,272 |
6. Expenditure on charitable activities by activity type
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Total funds | Totalfund | ||||
| directly costs |
Support | 2023 £ |
2022 £ |
|||
| £ | £ | |||||
| Charitable | 145,197 | 68 | 145,265 | 214,272 | ||
| Activity |
7. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
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2023 2022
£ £
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The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
8. Trustee remuneration and expenses
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no remuneration or other benefits from employment with the charity or a related entity
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were received by the trustees; or
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Notes to the Financial Statements (continued)
Year ended 31 December 2023
9. Analysis of charitable funds
| Unrestricted funds General funds At 1 January 2023 £ 29,619 At 1 January 2022 £ General funds 26,408 |
At 31 December Income Expenditure 2023 £ £ £ 123,651 (145,265) 8,005 At 31December Income Expenditure 2022 £ £ £ 217,483 (214,272 ) 29,619 |
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|---|---|---|
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