2024-03-31-accounts - Aid The Needy

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CHARITY NUMBER 1190801

AID THE NEEDY

ANNUAL ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

AID THE NEEDY CONTENTS

	Page
Charity Information	3
Trustees Report	4-5
Independent Examiner’s Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the accounts	9-10

AID THE NEEDY CHARITY INFORMATION FOR YEAR END 31 MARCH 2024

Charity Aid the Needy – Charity number 1190801 Chairman Ahmed Ahmed Trustees Ahmed Ahmed Shafiq Mohammed Mohamed Ebrahim Secretary Shafiq Mohammed Charity address 171-173 Penarth Road Cardiff CF11 6JW Accountants BOT Accounting Ltd Association of Accounting Technicians 38 Stockland Street Cardiff CF11 7LW

AID THE NEEDY TRUSTEES REPORT FOR YEAR END 31 MARCH 2024

The Charity trustees present their annual report for the year ended 31 March 2024 under the Charities Act 2011, together with the financial statements for the year, and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.

Structure, Governance and Management

Governing document

The Charitable Incorporated Organisation (CIO) is governed by its constitution. CIO Foundation registered 11 August 2020

Objectives:

For the public benefit, the relief and assistance of people in need in any part of the world who are the victims of war or natural disaster or catastrophe by supplying them with money, food, medical aid, or other means deemed suitable. The prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all necessary support designed to enable individuals to generate a sustainable income and be selfsufficient.

Achievements And Performance

During this financial year, Aid the Needy identified vulnerable people that suffered from poverty and the affects from natural disasters. The charity immediately responded by reaching out to the public and showing great deal of support for the needy people. The community worked effortlessly and voluntarily to come together and donate as much as they can to provide assistance for the countries in need.

This year the charity has performed its best since establishment and will aim to continue thrive and be consistent in its growth and stability.

Financial Review Plans For Future Periods

Aid the needy will continue to promote its main objectives in the coming year and grow to benefit the community.

AID THE NEEDY TRUSTEES REPORT CONITUNED FOR YEAR END 31 MARCH 2024

Accounting And Reporting Responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
• prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which 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, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 20[th] September 2024 signed on its behalf by:

.....................................................

Ahmed Ahmed

Trustee

AID THE NEEDY INDEPENDANT EXAMINER’S REPORT FOR THE YEAR END 31 MARCH 2024

I report on the accounts which are set out on pages 7 to 8.

Respective Responsibilities of The Charity Trustees and Examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether matters have come to my attention.

Basis Of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view”, and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Act and, to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met or

(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

........................................

Date: 20 Sept 2024

Mumen Ahmed (MAAT) For and on behalf of BOT Accounting Ltd 38 Stockland Street Cardiff CF11 7LW

AID THE NEEDY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR END 31 MARCH 2024

Income Resources Income Resources from Generated funds: General Donation Other income resources Total Income Resources Resources Expended Charitable activities Governance costs Total Resources Expended Net Movement in Funds Total Funds Brought Forward Total Funds Carried Forward	Unrestricted Funds £ 92,970.81 92,970.81 86,182.78 2198.16 88,380.94 4,589.87 7,192.72 11,782.59	Total Funds £ 92,970.81
		92,970.81
		86,182.78 2198.16
		88,380.94
		4,589.87
		7,192.72
		11,782.59

Notes to the Financial statements are given on page 9-10.

AID THE NEEDY BALANCE SHEET FOR THE YEAR END 31 MARCH 2024

Fixed Asset Total Fixed Asset Cash at bank and in hand Bank Total Cash at bank and in hand Net current assets Creditors: amounts falling due within one year Trade Creditors Creditors Total Trade Creditors Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets - current liabilities Total net assets (liabilities) Capital and Reserves Opening Balance Equity Retained Funds Surplus for the year Total Capital and Reserves	Total
	11,782.59
	£ 11,782.59
	£ 11,782.59 0.00
	£ 0.00
	£ 0.00
	£ 11,782.59
	£ 11,782.59
	£ 11,782.59 7192.72 4589.87
	£ 11,782.59

AID THE NEEDY NOTES TO ACCOUNT FOR YEAR END 31 MARCH 2024

1. Accounting Policies

The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005, applicable UK Accounting Standards and the Charities Act 2011. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Income Resources

All income resource is included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.

2. Turnover

3. Staff Costs

The average number of persons employed by the company, including director, during the year was as follows:

2024

General/Support 0

AID THE NEEDY NOTES TO ACCOUNT CONTINUED FOR YEAR END 31 MARCH 2024

Income General Donation Total Income Gross Profit Expenses Accountancy Fees Advertising Charitable Contributions Subscriptions Travel Total Expenses Net Operating Income Net Income	Total
	92,970.81
	£ 92,970.81
	£ 92,970.81 950.00 225.00 86,182.78 176.18 846.98
	£ 88,380.94
	£ 4,589.87
	£ 4,589.87