RECISTERED CHARITY NUMBER: 1187075 Reporl of the Trustees and Audited Financial Statements for the Yeydr Ended 31st May 2024 for Save One Life S Syedain & Co Chartered Accountant5 & Statutory Auditors First Floor 87 Kenton Road Harrow Middlesex HA3 OAH
Save One Life Contents of the Financial Statements for the Year Ellded 31st May 2024 Page Report of the Trustees Report of the Independent Auditors 9 10 12 Statement of Financial Activities 13 Statement of Financial Posltlon 14 Statement of Cash Flows 15 Notes to the Statement of Cash Floivs 16 Notes to the Financial Statements 17 to 24 Detailed Statement of Flnancial A¢tivitie8 25 10 26
Save One Life Report of the Trustees for the Year Ended 31st May 2024 The trustees present their report with the financial statements of the charity for ihe year ended 31 st May 2024. Th¢ trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparingF their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The trustees present Iheir report wilh the charity's financial statements for the year that ended 31 st May 2024. The Irusl¢es have adopted the provisions of A¢¢ounling and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and the Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and Alm$ The overall aim of the charity is the prevention or relief of poverty anywhere in the world by providin&7 or a5S15ting in the provision of shelter, food aid, medical aid, education, trainiiig, healihcare projects and all the necessary support desigt]ed io enable individuals to generate a sustainable income and be self-sufficient. In furtheranLe of its objeclives. the charity also as5iSt5 in ihe relief of poverty, destitution and sufyering? amongy victims ot. war or natured disaster, trouble, or calaslrophe in the form ol. shelter, food aid, money (or other means deemed suitable) lor persons, bodies, orb7anizalions and/or countries anywhere in the world affected including the provision of medical aid. It also provides education for orphans. Page I
Save One Life Report o(the Trustee5 for the Year Ended 31st May 2024 OBJECTIVES AND ACTIVITIES Significant Activities At Save One Life, we wanl to give people the choicc of how to recover from crise5 by giving ihem cash assistance and improved access to humanitarian aid. We want lo maintaiii their dignity and move them away from dependciicy. Our vision is a world in which every hurnan being has the means lo support their basic needs with dignily. In order to deliver our aims. we have delivered a range of programmes specifically focused on Gaza since 2020, where we undertook various projects in the past such as orphan education project, olive tree progjramme, however from our review of the projects we decided to soley send the donations that were being raised from the UK donors tor the tinancial assistance project insiead. This was well received and it enabled the recipients of the donalions to have control on wlial the cash would be 8penl on. The Financial assistance gjrants to empower tamilies with a choice in how to fulfil their essential needs, which difter from household to household, e.g. food, renl, sheller, clothing, school fees, etc. Since the end of last year we have now focused solely on on providing tinancial assistance and have concluded our other programmes. The donations that are raised are sent to Gaza via an international agent ihai distribute the donations to the poor and needy. Due to the recent contlict in the regiion we received an increased amount of donations and it was challeng?ing to distribute the donations to the recipients but since the ag)enl company that we had used were experienced we were able to fulfil our objectives to help those in great need. Our funding The charity ¢arried out a number of activilies during7 the year to raise funds for our programmes and associated costs. Some of these have been higJhlib,hied below.. a) Seasonal appeals during Ramadan, the month of Dhul Hijjah and during the winter. These are Communicated ihrough digital channels and social media. b) Regular social media content that drives people to our website, where donation5 can be made. c) Mosque collection5, particularly during the month of Ramadan. d) One-off events and fundraising activities. e.g. Al Noor Boat Race, Ride4Gaza cycling event, Marathons & Hiking event5. e) We also reach out personally to individuals who we feel would be keen to donate to our causes. Page 2
Save One Life Report of the Trustees for the Year Ended 31st May 2024 OBJECTIVES AND ACTIVITIES Public Benefit In shaping the objectives for the year and planning the charity's activities, the tTUStees have considered the Charity Commission's guidance on publie benefit, including the guidance 'Public benelit.. running a charity IPB2}'. It is the Iruslees, opinion that the operation of the charity in its present form is for the public benefit under the principles set out in the Charity Commission guidance. Volunteers From the slart of the charity's journey, we have relied on dedicated and commitled volunteers to help u5 deliver our work. We have 20 registered volunteers who have supported us in delivering several community and fundraisingT events, such as the Gaza Grand Prix go-karting fundraiser, the annual Al-Noor Boat Race, a Lharity lootball toumament. as well as fundraisiiig treks and walks. Our volunteers have also been critical in iaking donations via a call cenlre when we have taken part in live TV fundraising appeals, as well as supporting over 30 mosque colleclions. All volunteers are required to reg7i51er with us and atlend an annual volunteer event, where the work of the orujanisalion and the roles they are required to play &re explained. ACHIEVEMENT AND PERFORMANCE Charitable activities During the year under Save One Life spent £1,871,439 (2023.. £838,366) on charitable activities to fund the various projects in place for the vulnerable families in Gaza. Review of Development, Aclivitie$ and Achievement There wa5 only one project in progiress as other5 were closed in the previous financial year to allow focus on Financial AsSlStance. The Financial A5815tance Programm¢ Our flagship programme provides direct financial assistance to families in Gaza. These distributions are often the only form of income for Ihe mosl vulnerable familie5 in Gaza. More importantly, they give thern the choice in how lo meet their essential needs. The money is spent with local trader5 and helps stimulate the local economy and ensure the impact of the aid benefits the local community as well as individual households. Ansar FMndlAdmini$tration costs 100% of all donation5 received are donated to the relevant cause. For general administration purposes and to fund all the charilable activities, to promote Ihe charity, there is a separate An5ar Fund where donations received towards thi5 fund are used for these purposes. Thi5 remains open to cover all running costs of the charity. Page 3
Save One Life Report of the Trustees for the Year Ended 31st May 2024 FINANCIAL REVIEW Financial position and results The total donations received for the year amounted to £1,871,439 (2023: £838,366), marking an vast increase of compared to the previous year.This was mainly due to more donations received duringJ the year as a resuli ot- Ihe conllicl in Gaza which we had anticipated. It's worth Thoting that this total includes £114,394 (2023.. £73.610} through Gift Aid Claims. Furthemore, during the year under review, Save One I,ife transferred £1,800,000 to ils partners in Turkey lo tund our Financial Assistance progyramme in Gaza. This represented an expected reflection of the amount of donations received in the period. In summary, the charity's financial position and results showcase stability, continuity & growth in fundraising etTorts, successful collaboriilions. and prudent financial managyement. Thcse achievemen15 not only highlight the organization's dedication but also reinforcc its capacily to make a meaningtul impact on its mission.. Reserves policy The Iru5tCLS reg)ularly review the risks to the charity and are actively monitoring the reserves available to the charily. As there are no sig7nificant ong?oing commitments and the work continues only when funds are available, the trustees have decided to mainlain a minimal reserve to cover costs for up to Six months. These costs exclude the delivery and charitable aclivilies costs that are incurred to deliver the projects. FUTURE PLANS The charity has agjreed lo continue its focus on Financial Assislance based on various reports and feedback trom International NGOS and beneticiaries. This decision has been based on several factors. Firstly, teedback Irom beneficiaries ha5 shown that the finan¢ial assistanLe is a much more empowering fonn of charity Ihal can be tailored and used for individual needs. Secondly, it is better for us to focus on one area where we can specialise in and deliver quality over quantity. Financial assistance is a more efficient way of deliveringJ aid Compared lo material goods, but there are costs to distributing cash aid securely and leg?ally. Therefore, we will review our financial and resourcing rnodel accordingly to ensure we have the funds we need to raise and deliver financial a55iStance. The charity has a paid slaff position within the organisation lo ensure all required financial, regulatory, and operational requirements would be adhered to. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing document Save One Life is conlrolled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation (CIO) whose only voting members are its trustees. Charity constitulion Save One Life is governed by its conslitution which was set up on l November 2019. Page 4
Save One Life Report of the Trustees ror the Year EDded 31st May 2024 STRUCTURE, GOVERNANCE AND MANAGEMEIYT Re¢ruitment and #ppoilltment of new trustees The truslees are the people responsible for controllingy the work, management and administration of the charity on behalf of it5 beneficiarics. Each Save One Life trustee is unpaid and has a specific area of expertise that ihcy lead. such as Finance and risk, Fundraising, Volunteering, Marketing and communications; Administration and policy; and Programme Delivery. Trustee.% are appointed by the Board of Trustees. Induction training is given to the Inducled trustees on appoinlm¢nl and the guidelines provided by the Charity Commission as per The Essential Trustee publication are followed. New trustees receive Iraining from an existing trustee about the charity and their responsibilities as a Irustee and are given a Copy of the Charily Commission's guide tor new Irusle¢s and th¢ ¢onstitution of the Charity. On-gFoingT training is provided as required. Organisational Structure In order for effeciive day-io-day running of the chariiy during the year the board of trustees consisted of: a) Mr Kaisar Raja b) Mr Addeel Khan c} Mr Faisal Raja d) Mr Waqas Ahmed e) Mr Zishaan Anjun) They have been g7iven Ihe powers of execution by the board ot trustees and can enler into leg7al obligTations, which will bind the charity. The power of appointing a new trustee of the charity is veslld wilh the Board OL. Truslees. Page 5
Save One Life Report of th¢ Trustee$ for the Year Ended 31st May 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The Trustees have a duly to identify and review risks to which the charity is exposed. and lo ensure Ihat appropriate internal controls are in place to provide reasonable safeguards against traud and human error5. The principal risk5 and uncertainties faced by the charily are as follows: i) Increase in competition where a growing number of charities are seeking funds from the same donors. ii) Safeguarding assets against unauthorised use. iii) Compliance requiremenls with relevant laws and regulations. iv} Reputational risk where any bad publicity worldwide could have a detrimental impact on the level of future donations. The Irusiees have taken the following measures to mitigyate some of the risks: Save One Life uses a reputable and well established third-party organisation to distribute charitable projects, including, financial assi8lance. To ensure the funds are being donated directly to the iniended beneficiaries Ihey have a number of mitigalion in place. Background checks on the third party, including regjistration with the relevant government bodies in the country; evidence of their delivery of pro&Trrammes in that location. evidence of iheir policies and procedures. Names. addresses and amounts of beneficiaries who received the financial assistance and any other charitable donations, e.g. clean water, olive trees, etc. On-the-ground spot checks by an independent third party to inspect and verify names on the beneficiary list have received the fund5. Video and photographic evidence, date stamped, that shows distribution of the funds to beneficiaries. Regular meetings with the third part organisation to ensure funds are being distributed as agreed. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1187075 Principal addres5 268 Barking Road London E6 3BA Page 6
Save One Life Report of the Tru5tee$ for the Yegr Ended 31st May 2024 Trustees K Raja W Ahmed A Khan F Raja Z Anjum Auditors S Syedain & Co Chartered A¢¢ounlants & Stalutory Auditors First Floor 87 Kenton Road Iqarrow Middlesex HA3 OAH TRUSTEES, RESPONSIBILITY STATEMF.NT The trustees are responsible lor prepariiig th¢ Report of the Trustees and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United King,dom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland The law applicable to charities in England and Wales, the Charities Act 2011, Charity {Accounts and Reports) RegTulations 2008 and the provisions of the trust deed requires the Iruslees to prepare tinancial 5taternent5 for each financial year which g7ive a true and fair view of the state of affairs of the charity and of the incomingi resources and application of resources, including, the income and expcndilure, OL. the charity for that period. In preparinbi those financial statements, the Iruslees are required lo select suitable accounting policies and then apply Ihem consistently. observe the methods and principles in the Charity SORP. make judgeinenls and estimates that are reasonable and prudent; stale whether applicable accounting slandards have been followed, subject lo any material departures disclosed and cxplainLd in the financial statements; prepare th¢ financial slalements on the going concern basis unless it is inappropriate to presume that ihe charity will continue in business. The trustees are responsible for keeping proper accountingJ records which disclose with reasonable a¢curacy at any time the financial p051tion of the charity and to enable them to ensur¢ ihat the financial statements comply with the Charilies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of ihe trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. Page 7
Save One Life Report of the Trustees for the Year Ended 31st May 2024 Approved by order of the board of trustees on by: and signed on its behalf A Khan - Trustee Page 8
Report of the Independent Auditors to the Trustees of Save One Life Opinion We have audited the financial statements of Save One Life (the 'chaTlty') for the year ended 31st May 2024 which comprise ihe Statement of Financial Aclivilies, the Statement of Financial Position, the Statement of Cash Flows and notes to tlie financial statements, including a summary of significant accounting policies. Th¢ financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of th¢ Charity's affairs as at 31st May 2024 and ot. ils incomingT resources and application of resourees, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including FinanLial Reporting Siandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been prcpared in accordanc¢ with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in ac¢ordan¢e wilh liilernalional Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit ol. the financial statements section of our report. We are independent of the charity in accordance wilh the ethical requirements ihal are relevant lo our audit of the financial statL'mcnts in the UK, includiiibi the FRC'S Ethical Slandard. and we have fulfilled our other eihical responsibilities in accordancc with these requirements. We believe that Ihe audit evidence we have obtained is sul'licient and appropriate to provide a basis tor our opinion. Conclusions relating to going concern In auditing) Ihe financial statements, we have concluded that the trustees, use ol. the going concem basis of accounting? in the preparation of the tinancial statements is appropriate. Based on the work we have perlonned, we have not identified any material uncertainlies relating to events or conditions ihat, individually or collectively, may cast sig7nilicant doubt on the Charity's ability to continue as a gFoing eoncern tor a period of at least twelve months from when the financial slalements are authorised for issue. Our responsibililies and the responsibilities of the trustees with respect to going concern are described in the relevant sections of thi5 report. Page 9
Report of the Independent Auditors to the Trustees of Save One Life Otber information The trustees are responsible for the other inforn]ation. The other infonnation Comprises the infonnation included tn the Annual Report, other than the financial statements and our Report of the Independent Audilor5 thereon. Our opinion on the financial statements does not cover the olher inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial staternents, our responsibility is to read ihe other information and, in doing so, consider whether the oiher intorn)ation is materially inconsistent with the financial statements or our knowledge obiained in ihe audit or othenvise appears to be malerially misstated. If we identify such material incon5iStencies or apparent material misstatements, we are required to determinc whether this gives rise to a Inaterial misstatement in the financial statements Ihemselves. If, based on tlie work we have pertonned, we conclude that there ]% a material misstatement of ihis other inforn]ation, we are required to report that fact. We have nothing to report in thi5 regard. Matters on whieh we are requlred to report by exeeption We have noihinbi to report in respecl of the followingy mallers where the Charities (Accounls and Reports) Regulations 2008 requires u5 lo repon to you if. in our opinion.. the information gjiven in the Report of the Trustees is inconsistent in any material respect with the tinancial statements; or suflicienl accounting records have not been kept. or the financial statements are not in agreement with the accounting records and returns. or we have not received all the infonnalion and explanations we require for our audit. Responsibilities of tru5tee5 As explained more fully in the Trustees, Responsibilities Sialement, the Irustees are responsible for the preparation of the financial statements which give a Irue and fair view, and for such intemal control as the trustees determine is necessary lo enable the preparation of financial statements thal are tree from material misstatement. wh¢iher due to fi'aud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, di5closingy. as applicable, matters related lo going concern and using the gJoing concern basis of. accounting unless the trustees either inlend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 10
Report of the Independent Auditors to the Trustees of Save One Life Our responsibilities for the audit of Ihe financial Statements We hav¢ been appointed as audilors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable as%iirance about whether the financial statements as a whole are fre¢ from material misslatement, whether due to fraud or error, and io issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assuran¢e, but is not a gTuarantee ihat an audit conduLted in accordan¢e with ISAS (UK) will always detect a materi£il misstaleinenl when il ¢xisls. Misslaternenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial statements. We enquired of management, which included obiainingJ and reviewing supporting documentation. concerningl the charity's policies and procedures relating to.. Identifying, evaluating. and complying wilh laws and regulations and whether ihey were aware of any instances of non-compliance; Detecting and responding to the risks of fraud and whether they have knowledg?e of any actual, suspected, or allegyed fraud; The internal controls established to mitlbFate risks related to fraud or non-compliance with laws and r¢gulations. We inspected the Minutes of meetings of those chargTed with governance. We obtained an understandingi of ihe legal and regyulatory framework that the charily operales in, focusinbi on those laws and rebyulalions that had a malerial ettect on the tinancial statements or that had a fundamental effect on ihe operations of the charity froin our professional and sector experience. We reviewed processes for in place for monitoring and accounting for funds provided lo partn¢r organisations outside the UK. We communicated applicable laws and regTulations Ihrougyhout the audit team and remained alert to any indications of non¢omplianre throughout the audil. - We reviewed any reports made to regulators. We r¢vicwcd the financial slatemeni disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulation5. We perfom]ed analytical procedures lo identify any unusual or unexpected relationships that rnay indicate risks of material misstatemeni due to fraud. In addressing the risk of fraud through management oveIde of contro15, we tested the &ppropriateness of journal entries and other adjustments: assessed whether the judgements made in making accountin¥J estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the nomial course of business. Pagell
Report of the Independent Auditors to the Trustees of Save One Life Because of the Inherent limitations of an audtt, there is a risk that we will not detect all irregJularities: including Ihose leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions refl¢eled in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, a5 fraud involves intentional eoncealment, forgery,collusion, omission or misrepres¢ntation. A further description of our responsibilities for the audit of the financial 5tatemenls is located on ihe Financial Reporting Council's website at www.frc.org.uk/audilursresponsibilities. This description forms part of our Report uf ihe Ind¢pendenl Audttors. Use of our report Tliis report is mad¢ solely to the charity's trustees, as a body, in accordance with Part 4 of the Charilies (Aecounls and Reports) Regyulations 2008. Our audit work has been undertaken so that we might slate to the charity's irustc¢s those matters we are required to state to them in an auditors, report and for no other purpose. To ihe fullest extent permilted by law, we do not accept or assume responsibility lo anyone other than Ihe charity and the charity's trustees as a body, for our audit work, lor this report. or for the iniins we have formed. S Syedain & Co Chartered Accountants & Statutory Auditors First Floor 87 Kcnlon Road Harrow Middlesex HA3 OAH Date.. Page 12
Save One Life Statement of Financial Activiti¢$ for the Year Ended 31st May 2024 31.5.24 Total funds 31.5.23 Total funds Unrestricted Reslricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 288,982 1,513,881 1.802,863 642,537 Other trading activilies 14,767 53,809 68.576 195,829 Total 303,749 1,567,690 1,871,439 838,366 EXPENDITURE ON Raising funds 140,237 140,237 50.394 Charitable activities Income from Chariiable Activities Support Cost Expenses on Charilable Activites 105,835 1.800.000 1,438 1,905,835 1,438 707.313 46,961 Total 247,510 1,800.000 2,047,510 804,668 NET INCOMEI{EXPENDITURE) 56,239 (232,310) {176.071) 33,698 RECONCILIATION OF FUNDS Tolal funds broughi forward 287,614 (37,264) 250,350 216.652 TOTAL FUNDS CARRIED FORWARD 343,853 (269,574) 74,279 250,350 The notes forn] part of these financial stalements Page 13
Save One Life St#tement of Ftnancial Position 31st May 2024 31.5.24 Total funds 31.5.23 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 10 ,535 1,535 2.047 CURRENT ASSETS Debtors Cash at bank 26,253 224,930 369.479 {269,574} 99,905 369,479 (269,574) 99,905 251,183 CREDITORS Amounts falling due within one year 12 (27,161) (27.161) {2,880) NET CURRENT ASSETS/{I.IABILITIES) 342,318 {269,574) 72,744 248,303 TOTAL ASSETS LESS CURRENT LIABILITIES 343,853 (269,574) 74.279 250,350 NET ASSETS 343.853 (269,574) 74,279 250,350 FUNDS Unrestri¢ted funds Resiricted funds 13 343,853 (269,574) 287,614 (37,264) TOTAL FUNDS 74,279 250,350 The finan¢ial statements were approved by the Board of Trustees and authorised for is5u¢ on and were signed on its behalf by: A Khan - Trustee The notes form part of these financial statements Page 14
Save One Life Statcmcnt of Cash Flows for the Year Endcd 31st May 2024 31.5.24 31.5.23 Notes Cash flows from operating activities Cash generated from operation5 (125,025) 11,077 Net cash (used in)Iprovided by operating activities (125,025) 11,077 Cash flows from illvesting activities Purcliase of tan&iible fixed assets {2,559) Net cash provided byl(used in) investing activities (2.559) Change in Cash and cash equivalents in the reporting period Cash and cash equivalents at Ihe beginning of the reporting period (125,025) 8.518 224,930 216.412 CA5h ind eash equivalents at the end of the reporting perlod 99,905 224,930 The noles forni part of these financial statements Page 15
Save One Life Notes to the Statement of Cash Flows for the Year Ended 31st May 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.5.24 31.5.23 Net {expenditure)lincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charge5 Decrease/{increase) in debtors InLreasel(decrease) in creditors (176,071) 33,698 512 26,253 ?4.281 512 (20,253) {2,880} Nel cash (used in)Iprovided by operAtions (125,025} 11,077 ANALYSIS OF CHANGES IN NET FUNDS At 1.6.23 Cash flow At 31.5.24 Net cash Cash at bank 224,930 {125,025) 99,905 224.930 (125,025) 99,905 Total 224.930 (125,025) 99,905 The notes fonll part of these financial statements Page 16
Save One Life Notes to the Financial Statements for the Year Ended 31st May 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The finaneial statements of the charity, which is a public benefil entity under FRS 102, have been prepared in accordance wilh the Charilies SORP (FRS 102) 'AccountingT and Reporting by Charities.. Statement ot- Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in ihe UK and Republic of Ireland (FRS 102) leffeclive l January 2019),, Financial Reporting Siandard 102 'The Financial Rcporting Standard applicable in the UK and Republic of Ireland, and the Charilics A¢1 2011. The tinancial slatements have been prepared under Ihe historical Cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entiilement lo the funds, it is probable that the income will be received and th¢ amounl can be measured reliably. Expenditure Liabililies are recognised as expenditure as soon as there is a legal or constru¢liv¢ oblig?ation commi1lin&y the charity to that expenditure, it is probable that a transfer of economic benefits will be required in 5eitlernent and the amount ot. the obli&7alion can be measured reliably. F,xpendilure is accounted for on an accruals basis and has been ¢la5Sitied under headinbis that agg)reg>ate all cost related io Ihe catcgjory. Wliere costs eannoi be directly attributed to particular headings they have been allocated lo activitie5 on a basis con5iStenl wilh the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write otf each asset over its estimated useful life. Plant and machinery Fixture5 and Equipments Compuler equipment 200/0 on cosl 20% on cost 200/0 on cost Taxation The charity is exempt from tax on its charitable activities. Fund aceounting Unrestricted tunds can be used in accordance with the charitable objectives at the discretion of the trustees. Reslricted funds can only be used for particular restri¢ted purposes within the objects of the charity. Restriction5 arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the finan¢ial statements. Page 17 conlinlled...
Save One Life Notes to the Financial Statements - continued ror the Year Ended 31st May 2024 DONATIONS AND LEGACIES 31.5.24 31.5.23 Donations Gifi aid 1,688,469 114,394 568,9?7 73,610 1,802,863 642,537 OTHER TRADING ACTIVITIES 31.5.24 31.5.23 Fundraising evenls Incom¢ from product sales 68,576 190.410 5.419 68,576 195,829 RAISING FUNDS Raising donations And legacies 31.5.24 31.5.23 Expendilure on Raising Funds 140,237 50.394 CHARITABLE ACTIVITIES COSTS Support costs {see note 6) Direct Cosls Totals Income from Charitable Activities Support Cost 1,867.464 9,750 38,371 (8,312) 1,905,835 1,438 1,877,214 30,059 1,907,273 Page 18 conlinued...
Save One Life Notes to the Financial Statements - continued for the Year Ended 31st May 2024 SUPPORT COSTS Governance costs Management Finance Totals Income from Charitable Aclivities Support Cost 10,800 5,760 26,321 {14.072) 1,250 38,371 {8,312) 16,560 12.249 1,250 30,059 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other tnefItS for the year ended 31 st May 2024 nor for the year ended 31 st May 2023. Trustees, ¢xpenses There were no trustees, expenses paid for the year ended 31st May 2024 nor for the year ended 31 st May 2023. STAFF COSTS 31.5.24 31.5.23 Wages and salaries 9,600 4.806 9.600 4,806 The average monthly nuinber of employees during the year was as follows: 31.5.24 31.5.23 No employees received emoluments in excess of £60.000. Page 19 continued..
Save One Life Notes to the Financial Statements - eontinued for the Year Ended 31st May 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 135,506 507,031 642,537 Other trading activities 50,784 145,045 195,829 Total 186,290 652,076 838,366 EXPENDITURE ON R(iising funds 50.394 50,394 Charitable activities Income from Charitable Aclivilies Expenses on Charilable Activites 707,313 707,313 46,961 46,961 Total 97,355 707,313 804,668 NET INCOMEI(EXPENDITURE} 88,935 (55.237) 33,698 RECONCILIATION OF FUNDS Total funds broughi torward 198,679 17,973 216,652 TOTAL FUNDS CARRIED FORWARD 287,614 (37,264) 250,350 Page 20 continued...
Save One Life Note5 to the Financial Statements - continued for the Year Ended 31st May 2024 10. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery Equipments equipment Totals COST At 1st June 2023 and 31st May 2024 250 720 1,589 2,559 DF.PRF,CIATION At I st June 2023 Charge for year 50 50 144 144 318 318 512 512 At 31st May 2024 loo 288 636 1,024 NET BOOK VALUE Ai 31si May 2024 150 432 9S3 1,535 At 3 1st May 2023 200 576 1,271 2,047 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Other debtors 26,253 12. CREDITORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 31.5.24 31.5.23 Other creditors 27,161 2,880 13. MOVEMENT IN FUNDS Net movement in funds At 31.5.24 Ai 1.6.23 Unrestricted funds General fund 287,614 56,239 343,853 Reslricted fund$ Financial Assistance (37,264) (232,310) (269,574) TOTAL FUNDS 250,350 (176,071) 74,279 Page 21 continued...
Save One Life Notes to the Financial Statements- continued for the Ye#r Ellded 31st May 2024 13. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming Resources Movemenl resources expended in funds Unrestricted funds General fund 303.749 (247,510} 56,239 Restricted funds Finan¢ial Assistance 1,567,690 {1,800,000) (232.310) TOTAL FUNDS ,871,439 (2,047,510) (176,071) ComparAtives for movement in funds Net movL'inent in funds At 31.5.23 At 1.6.22 Unrestricted funds General fund 198,679 88.935 287,614 Restricted funds Financial Assistance 17,973 (55,237) (37,264) TOTAL FUNDS 216,652 33,698 250,350 Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted fund$ General fund 186,290 (97,355) 88,935 Re$trieted funds Financial Assistance 652,076 (707,313) (55,237) TOTAL FUNDS 838,366 (804,668) 33,698 Page 22 continued...
Save One Life Iyotes to ihe Financial Statements - Continued for the Year Ended 31st May 2024 13. MOVEMENT IN FUNDS- continued A CULTent year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.5.24 Ai 1.6.22 Unrestrieted funds General lund 198,679 145,174 343,853 Restricted funds Financial Assistance 17.973 (287,547) (269,574) TOTAL FUNDS 216,652 (142,373) 74.279 current year 12 months and prior year 12 months combined net moveinent in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 490,039 {344,865) 145,174 Restricted funds Financial A55iStan¢e 2.219,766 (2.507,313) (287,547) TOTAL FUNDS 2,709,805 (2,852.178) (142,373) Page 23 continued...
Save One Life INotes to the Financial Statements - continued for the Year Ended 31st May 2024 14. RELATED PARTY DISCLOSURES There were no relaled party Iransactions for the year ended 31 st May 2024. Page 24
Save One Life Detailed Stat¢ment of Financial Activities for the Year Ended 31st May 2024 31.5.24 31.5.23 INCOME AND ENDOWMENTS Donations and legacie5 Donations Gift aid 1,688,469 114,394 568,927 73,610 1,802,863 642,537 Other trading activities Fundraising evenls Income trom product sales 68,576 190,410 5.419 68,576 195,829 Tolal incoming r¢sources 1,871,439 838,366 EXPENDITURE Raising don#tions and legacies Expenditurc on Ruising Funds 140,237 50,394 Charitable Activities 9,600 1,845,000 871 4,107 17,124 50 144 318 4,806 707,314 1,137 10,761 12,725 50 144 318 Charitable Activities Telephone Postage and stationery Markeliiig and media cost Plant and machinery Fixtures and fittings Computer equipment 1,877,214 737,255 Support eosls Management Audit Fees Premises cost 5,760 10,800 9,200 16,560 9,200 This page does noi fonn part of the statutory financial statements Page 25
Save One Life Detailed Statement of Financial Activities for the Year Ended 31st May 2024 31.5.24 31.5.23 Management Finance Sundries Platforni fees 8,536 4,113 6,301 468 12,249 6,769 Goi'ernance eost5 Protessional Membership fee 1,250 ,050 Total resources expended 2,047,510 804,668 Net (expendilure)lincome (176,071) 33,698 This page does not form part of the statutory financial statements Page 26