Charity registration number 1190696 Company registration number CE005769 (England and Wales) ## **AID LANKA** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** **0 |** P a g e ## **AID LANKA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **CONTENTS** |**CONTENTS**|| |---|---| ||**Page**| |Legal & administrative information|2| |Trustees report|3-4| |Statement of financial activities|5-7| |Balance sheet|8| **1 |** P a g e ## **AID LANKA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## LEGAL AND ADMINISTRATIVE INFORMATION Trustees Anas Gaffar - Appointed on 01 January 2020 Mohamed Thasim - Appointed on 01 January 2020 Munaf Affan - Appointed on 01 January 2020 Ruzna Azward - Appointed on 01 January 2020 Charity number : 1190696 Company number: CE022753 Registered address: 3, Provost Way, Luton, Bedfordshire LU2 9PB United Kingdom **2 |** P a g e **AID LANKA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their report and financial statements for the year ended 31 December 2022 The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's constitution, the Companies Act 2006 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016) The trustees have adopted the provisions of 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 (FRS 102) (effective I January 2019). ## **OBJECTIVES AND ACTIVITIES** **The principal objectives of Aid Lanka are:** ## **The prevention or relief of poverty worldwide** **By providing grants, items, and services to individuals in need and/or to other charities or organisations working to prevent or relieve poverty. This includes, but is not limited to, the provision of food, clothing, shelter, healthcare, and other essential needs for disadvantaged individuals and families.** ## **The promotion of education for public benefit** **Including the social and physical training of people in the United Kingdom and Sri Lanka, in such ways as the charity trustees think fit. This may include, but is not limited to:** **(a) Awarding scholarships, maintenance allowances, or grants tenable at any university, college, or institution of higher or further education;** **(b) Supporting educational facilities, training centres, and skill development programmes aimed at empowering individuals to improve their livelihoods;** **(c) Providing educational resources and support for schools and students in underprivileged communities.** **3 |** P a g e ## **Acknowledgement** Aid Lanka extends sincere thanks to: - Our **donors and sponsors** for their ongoing trust and generosity. - Our **volunteers** in the UK and Sri Lanka, whose dedication and selfless service made this campaign possible. - Our **partner organisations and community leaders** , who assisted in identifying and reaching the most vulnerable families. Together, we have made a meaningful difference in the lives of those who needed it most. ## **Looking Ahead** Our commitment to humanitarian support remains steadfast. Building upon the success of our 2021 campaign –we aim to expand our outreach in future projects, focusing on sustainable community development, education, and livelihood support. We invite continued partnership and support as we strive to bring light, hope, and sustenance to more families across Sri Lanka. **4 |** P a g e **Aid Lanka** _Serving Humanity with Compassion and Hope_ ## **FINANCIAL SUMMARY** ## **For the year ended 31 December 2022** The trustees are pleased to present a summary of the charity’s financial performance for the year. The results reflect Aid Lanka’s continued commitment to delivering humanitarian support efficiently and transparently, while maintaining appropriate reserves to ensure sustainability. |**Income**|**2022 (£)**|**2021 (£)**| |---|---|---| |Donations and fundraising income|£501|£9,497| |Grants and sponsorships received|£0|£0| |Gift Aid recovered|£0|£0| |Other income|£0|£0| |**Total Income**|**£501**|**£9,497**| |**Expenditure**|**2022 (£)**|**2021 (£)**| |Charitable activities (Aid programmes, relief projects, education support) £548||£8,463| |Fundraising costs||| |Governance and administration||| |**Total Expenditure**|**£548**|**£8,463**| |**Net movement in funds**
|**£-47**|**£1,034**| |Funds brought forward|£1,034|£0| |**Funds carried forward **|**£987 **|**£1,034**| ## **Financial Review** During the financial year ended 31 December 2022, Aid Lanka continued to receive support from individual donors and community fundraising activities in the UK. The majority of funds were directed toward relief operations and educational support initiatives in Sri Lanka, particularly during the Ramadan Feed the Fasting Campaign. The trustees are satisfied that the charity’s financial position remains stable, with sufficient reserves to meet ongoing commitments and future project plans. **5 |** P a g e ## **Reserves Policy** The trustees aim to maintain a level of unrestricted reserves equivalent to at least three months of operating costs. This ensures the charity can continue its work and respond to emergencies even in times of reduced income. At year end, unrestricted reserves stood at **£987** ## **Risk Management** The trustees continually assess key financial and operational risks. Adequate controls and reporting mechanisms are in place to safeguard assets, maintain accountability, and ensure proper use of charitable funds. **6 |** P a g e CHARITY IOMMISSION FOR ENGLANO ANO WALES JO LANKA No lil any) Receipts and payments accounts CC16a For the perlod Irom 3111212022 To Section A Receipts and payments Un￿Stri¢led fvnds Restrl¢ted endowrnnt fund$ Total funds Last year tthlhp n•ar•*t tt>th• n••r••t£ A1 Recel ts Inccone 101 S01 9A97 Sub total(Gmss Incom• for AR) 601 601 9A97 A2 PA•et and Invest￿nI •al••, Sub lotal Total rnetlpts ooi $D1 9.497 nts £¥pendrtur• Sub total 8A13 A4 •lB8et and Investwrnnl ur¢ha••s. • tablt Sub lolal 8.463 Net olreceipts/(paymenls) Transfers tsel￿en lund5 A6 Cash funds last yaar end Cash funds Ihis yearend 47 47 1,034 1.034 1,034 71Page Section B Statement of assets and liablilies at the end of the period catego￿ nds fvnd5 lo￿Test£ 81 Cash ro£•lcash hnds Unr**1￿*￿d Retstrl¢tsd Endo*m*nt fvndB +n*￿tt B3 Inv•stm•nt •ss•ts B4 A•￿ts rnt•in•d forth• charity* u¥• BS Ll*b*• signed lryrffie orlwo Iww*•¥o• beh•llrf•ll Ihe Iwu*e¥ roval A••$G•Trr 1&1oa124 81Page