**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. **1** **RESCUE AID TRUST** ## **Trustees' Annual Report** _(continued)_ ## **Year ended 31 December 2023** ## **Objectives and activities** 1. **The Relief of the Poor, Aged, Children, and the Needy:** - 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. 2. **Advancement of Education:** - 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:** - **Food Packaging and Distribution Programme in Feni** - **Moulvibazar Food Distribution Programme** - **Cumilla Food Distribution Programme** **2** ## **RESCUE AID TRUST** ## **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:** 1. Assess the needs of Persons with Disabilities (PWDs) in Amtoil Village and provide rehabilitation devices. **3** ## **RESCUE AID TRUST** 2. 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. **4** ## **RESCUE AID TRUST** ## **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 **5** **RESCUE AID TRUST** ## **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 **6** ## **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.** **7** ## **RESCUE AID TRUST** ## **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.** **8** **RESCUE AID TRUST** ## **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. **9** **RESCUE AID TRUST** **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: - 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 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. **10** ## **RESCUE AID TRUST** ## **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: **----- Start of picture text -----**
2023 2022
£ £
**----- End of picture text -----**
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** - no remuneration or other benefits from employment with the charity or a related entity - were received by the trustees; or **11** ## **RESCUE AID TRUST** ## **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| |---|---|---| |||| 12