Charity No. 1179079 (England & Wales)
Rural Aid International
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS
- 02/03/2021 01/03/2022
Charity no: 1179079 (England and Wales)
Charity No. 1179079 (England & Wales)
CONTENTS
| Administrative information | 1 |
|---|---|
| Report of the Directors and trustees | 2 - 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 - 7 |
Charity No. 1179079 (England & Wales)
ADMINISTRATIVE INFORMATION
Charity Number 1179079 (England and Wales) Registered Office 12 LADY CROSS BUSINESS PARK HOLLOW LANE DORMANSLAND LINGFIELD RH7 6PB Directors and Trustees Trustees names and date of appointment Riffat Moqeem – 7[th] January 2021 Bahzad Anwar - 15th February 2018 Sajjad Qaisar Ahmad Begum – 15th February 2018 Administrator Chapel and York International Unit 12, Ladycross Business Centre Hollow Lane Lingfield Surrey, RH7 6PB Bankers The Bank account is not opened and is under process
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Charity No. 1179079 (England & Wales)
REPORT OF THE TRUSTEES FOR THE Period ending 01/03/2022
The trustees are pleased to present their annual Trustees' report together with the financial statements of the Rural Aid International for the period ended 1st March 2022
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 of the accounts and comply with the Charities Act 2011, 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 (FRS102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
To preserve and protect good health for the public benefit within rural socially and economically disadvantaged communities in countries overseas by providing health education on health issues such as hygiene, nutrition, clean drinking water and sanitation, providing medical services and vaccinations, to help prevent disease and create resilience and to support such other general charitable purposes as the trustees may in their absolute discretion determine.
Trustees have considered the public benefit requirement under the Charities Act 2011.
ACHIEVEMENTS
The organisations achievements in the accounting period 02/03/2021 - 01/03/2022 a review. The following activities performed by the trustees on voluntarily basis:
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Development and finalized the Logos and other material including social media pages.
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Development of policies: During the period trustees complete the process of development of the following policies:
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a) Safeguarding vulnerable beneficiaries
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b) Volunteer management
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c) Complaints handling
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d) Anti-Money Laundering Policy
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e) Value of Money
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f) Fundraising and Investment
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g) Risk Management
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h) website development
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Development of charity profile
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Charity No. 1179079 (England & Wales)
REPORT OF THE TRUSTEES FOR THE Period ending 01/03/2022
FINANCIAL REVIEW
The trustees initiated the bank account opening process with CAF Bank. Submitted the response on the queries by the CAF bank. The trustees finally submitted again all account opening request including all required documents. Due to the COVID-19 the bank opening process is in delay.
Due to non-availability of bank account, the trustees not initiated the fundraising and not completed the activities as per plan.
RESERVES POLICY
The current policy of the trustees is to maintain only minimal reserves. This is because commitments will not be made beyond donations received and operating costs are expected to be kept at a low level which should be covered by donations. At the period end the charity had free reserves of value of reserves.
RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been, or will be, established to enable the necessary steps to be taken to lessen these risks.
The main risk to the charity is that donation income does not arise which would significantly reduce the level of charitable activity possible.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rural Aid International is a UK registered charity and is constituted as a Charitable Incorporated Organisation and therefore governed by its Trust Deed.
The charity is organised so its Trustees meet at various intervals and exercise responsibility for its governance. In the intervening periods the secretary deals with the routine business.
All trustees give their time freely and no trustee remuneration or expenses was paid in the year. In addition, no out of pocket expenses were reimbursed to the trustees and no trustee had any beneficial interest in any contract with the charity during the year.
REFERENCE AND DEMONSTRATIVE INFORMATION
The administrative information is set out on page 1 of these financial statements. The Trustees of the Rural Aid International are its trustees for the purposes of Charity Law.
The trustees and officers serving during the period and since the year end were as follows:
| Trustees Name Riffat Moqeem Bahzad Anwar Sajjad Qaisar Ahmad Begum |
Date of Appointment 7thJanuary 2021 15th February 2018 15th February 2018 |
|---|---|
The Board has the power to appoint additional trustees as it considers fit to do so.
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Charity No. 1179079 (England & Wales)
REPORT OF THE TRUSTEES FOR THE Period ending 01/03/2022
TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
Rural Aid International trustees are responsible for preparing a trustee’s annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom accepted Accounting Practice).
The law requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable Accounting Standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report was approved by the board on 29th April 2020 and signed on their behalf by:
………………………………………………………………………… Riffat Moqeem Chair
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Charity No. 1179079 (England & Wales)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 1st March 2022
SUMMARY INCOME & EXPENDITURE ACCOUNT
| UMMARY INCOME & EXPENDITURE ACCOUNT | ||||||
|---|---|---|---|---|---|---|
| INCOMING RESOURCES Donations Other income TOTAL INCOMING RESOURCES EXPENDITURE Charitable activities Other Total NET INCOME Total funds brought forward Beginning of accounting period Total funds carried forward End of accounting period |
Notes 3 4 5 |
Unrestricted Funds Current year£ 0 0 0 0 0 0 0 |
Total Funds Current year £ 0 0 0 0 0 0 0 |
Total Funds Previous |
Total Funds |
Total |
| Year £ 0 0 0 0 0 0 0 |
The statement of financial activities includes all gains and loses recognised in the year.
The notes on pages 7 and 8 form part of these financial statements.
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Charity No. 1179079 (England & Wales)
BALANCE SHEET FOR THE PERIOD ENDED 1st March 2022
| Current | Previous Year | |
|---|---|---|
| Year | ||
| £ | £ | |
| CURRENT ASSETS | 0 | 0 |
| Cash at bank and in hand | 0 | 0 |
| Debtors | ||
| NET CURRENT ASSETS | 0 | 0 |
| CREDITORS | ||
| Creditors falling due within one year | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||
| FUNDS | 0 | 0 |
| Unrestricted funds | 0 | 0 |
| TOTAL CHARITY FUNDS | 0 | 0 |
27th April 2021 and are signed on its behalf by:
………………………………………………………………………… Mirza Moqeem Baig - Chair
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Charity No. 1179079 (England & Wales)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 1st March 2022
1. ACCOUNTING POLICIES
(a) Basis of Preparation of Financial Statements
The accounts have been prepared in accordance with the 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 (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The organisation name meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(b) Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts the trustees have considered whether in applying the accounting policies required by FRS102 and the Charities SORP FRS102 a restatement of comparative items was required. No restatements were required.
(c) Income
Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
(d) Expenditure
Expenditure is recognised once there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be reliably measured.
All expenditure is accounted for on an accruals basis, however currently the administration and governance expenditure for the Foundation is paid by the charity.
2. LEGAL STATUS OF THE TRUST
The trust is a charitable incorporated organisation registered with the Charity Commission in England and Wales.
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Charity No. 1179079 (England & Wales)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 1st March 2022 (CONTINUED)
| 3. DONATIONS AND GIFT AID | Current Year |
|---|---|
| £ | |
| Donations | - |
| Gift Aid | - |
| TOTAL DONATIONS & GIFT AID | - |
| 4. ANALYSIS OF EXPENDITURE | Current Year £ |
| ON CHARITABLE ACTIVITIES | |
| Grants | - |
| TOTAL EXPENDITURE | - |
| The Charity undertakes charitable activities through grant making in support of its charitable | |
| objectives. |
5. TAXATION
As the Charity’s aim to facilitate the advancement of education, the relief of poverty the advancement of religion and other such purposes, it is not subject to Corporation Tax.
6. RELATED PARTY TRANSACTIONS
None of the Trustees have been paid any remuneration or received any other benefits from an employment with the Charity or related party.
There have been no related party transactions in the reporting period.
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