2024-03-31-accounts - Eternal Aid

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ETERNAL AID

FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 MARCH 2024

CHARITY NUMBER: 1193004

ABBEY & CO ASSOCIATES 1ST FLOOR ABBEY HOUSE 270-272 LEVER STREET BOLTON BL3 6PD

ETERNAL AID

CONTENTS INFORMATION

FOR THE YEAR ENDING 31 MARCH 2024

Index to Financial Statements

	Page
Legal & Administrative Listing	3
Accountants Report	4
Report of the Trustees	5
Statement of Activities	6
Balance Sheet	7
Notes to the Accounts	8 - 10

ETERNAL AID

CHARITY INFORMATION

FOR THE YEAR ENDING 31 MARCH 2024

Trustees

Zed Ahmed Nadeem Ahmed Riaz Ahmed

Charity Chairman

Zed Ahmed

Charity Secretary

Riaz Ahmed

Registered Office

84 Chapel Ash Wolverhampton WV3 0TY

Bankers

Unity Trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG

Accountants

Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD

ETERNAL AID

INDEPENDENT EXAMINERS' REPORT YEAR ENDED 31 MARCH 2024

TO THE TRUSTEES AND MEMBERS OF ETERNAL AID

I have examined the financial statements for the year ended 31 March 2024 as set out on the annexed pages which have been prepared under the historical cost convention and the accounting policies set out below:

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Financial Accountants (IFA).

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for an independent examination; it is my responsibility to:

examine the accounts under section 145 of the Charities Act 2011,
to follow the procedures laid down in the general Directions given by the Charity Commission
(under section 145(5)(b) of the Charities Act 2011, and
to state whether particular 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 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 our examination, no matter has come to my attention:

Which gives us reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the Charities Act 2011 have not been met; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

__________ Honorary Independent Examiner

Faruk Patel FFA FTA Abbey & Co Associates 1st Floor, Abbey House 270-272 Lever Street Bolton BL3 6PD

17th April 2025

ETERNAL AID

FOR THE YEAR ENDING 31 MARCH 2024

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity Law requires the Trustees to prepare financial statements and statements of assets and liabilities for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period together with its assets and liabilities at the end of the period and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the trustees are required to:

(a) Select suitable accounting policies and then apply them consistently
(b) make judgements and estimates that are reasonable and prudent
(c) state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable standards subject to any material departures disclosed and explained in the financial statements
(d) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue its activities

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulation made under S44 of the Charity Act 1993 as amended by Charity Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud or other irregularities.

Approved by the Trustees and signed on their behalf by:

Riaz Ahmed (Charity Secretary)

17th April 2025

ETERNAL AID

STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDING 31 MARCH 2024

INCOME Voluntary Income Donations Building Appeal Government Grants Government Grants (JRS) Investment Income Income from Charities Activities Other Income Lillah/Sadaka & Other Donations Zakat Donations Gift Aid Payments Sponsors Income TOTAL INCOME RESOURCES EXPENDED Cost of Generating Funds Charitable Activities NET INCOMING RESOURCES Fund Balances Brought Forward FUND BALANCES CARRIED FORWARD	Unrestricted Funds £ - - - - - - 25,763 - 44,255 52,068 122,086 - 129,565 (7,479) 126,321 118,842	Restricted Funds £ - - - - - - 9,455 82,232 - 740 92,427 3,107 89,320 - - -	Totals 2024 £ - - - - - - 35,218 82,232 44,255 52,808 214,513 3,107 218,885 (7,479) 126,321 118,842	Totals 2023 £ - - - - - - 136,820 57,094 - 20,273
				214,187
				4,124 155,615
				54,448 71,873
				126,321

Continuing Operations

None of the charities activities were acquired or discontinued during the above financial period.

Total Recognised Gains and Losses

The charity has no gains or losses other than the profit or loss for the above financial period.

ETERNAL AID

BALANCE SHEET AS AT 31 MARCH 2024

£ - 116,372 7,470	£ - 123,411 2,910	2023 £ - 126,321
123,842	126,321
- - 5,000	- - -
5,000	-

		126,321 -
		126,321
		71,873 54,448
		126,321

Approved by the Trustees and signed on their behalf by:

Riaz Ahmed (Charity Secretary)

17th April 2025

ETERNAL AID

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 MARCH 2024

1. Accounting Policies

(a) Basis of Preparation These financial statements have been prepared under historical cost convention and in accordance with applicable accounting standards. The financial statements have been prepared in accordance with the statement of recommended practice (SORP) and accounting and reporting by charities' published in October 2005.

(b) Fund Accounting General funds are unrestricted funds which are available for the use of discretion of the Trustees in furtherance of the general objectives of the charity and has not been put aside for other purposes.

Restricted Funds are funds which are to be used in accordance with specific restrictions which has been raised by the charity for a specific purpose. The cost of raising and administering such funds are charged against the specific fund.

(c) Investment Income Income from investment and from rental income is included in the SORP in the year in which it is receivable. (d) Incoming Resources All incoming resources are included in the SORP when the charity is legally entitled to the income and the amount can be can quantified with reasonable accuracy. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. For legacies, entitlement is the earlier of the charity been notified of and impending distribution of the legacy being received. Donated facilities are included at the value to the charity when this can be quantified and a third party is bearing the cost.

(e) Resources Expended All expenditure is accounted for on an accruals basis and has been classified under the heading that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with use of resources.

(f) Tangible Fixed Assets Tangible fixed assets costing more than £ 1000 are capitalised and included at cost including incidental expenses of acquisitions.

ETERNAL AID

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 MARCH 2024

(g) Depreciation

Depreciation is calculated on all tangible fixed assets on straight line basis at rates calculated on the cost of the asset over the useful economic life of the asset as follows:

Freehold Land & Building	0%
Motor Vehicles	20%
Fixtures & Equipment	10%

(h) Investment Revaluation

None of the charity's functional fixed assets have been revalued during the year.

2. Cost of Generating Funds

3. Cost of Charitable Activities

Bank Charges Advertising Legal & Professional Fees Office Expenses Food Packs Projects Hand Pump Projects Hifz Sponsorship Costs Orphan Sponsorship Costs Water Projects Widows Support Projects Building Projects Costs Zakat Donations Lillah/Sadaka & Other Donations Other Project Costs	2024 Unrestricted - - - - - 2024 Unrestricted 50,300 - 25,550 27,095 19,010 - - 7,610 129,565	2024 Restricted 107 - - 3,000 3,107 2024 Restricted - - - - - - - 88,620 - 700 89,320	2023 624 - - 3,500
			4,124
			2023 8,035 - 20,335 28,976 17,378 5,000 3,611 57,230 - 15,050
			155,615

4. Trustees' - Related Party Transaction

Included in Wages, PAYE & Pension Costs (See Note 2 above), the following payments to the trustees listed below were made for teaching services rendered to the charity.

Zed Ahmed Nadeem Ahmed Riaz Ahmed	2024 - - - -	2023 - - -
		-

ETERNAL AID

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDING 31 MARCH 2024

5. Tangible Fixed Assets

Land & Total Property	Motor Investments Vehicles	Fixtures & Equipment
£ - - - - - -	£ - - - - - -	£ - - -
- -	- -	-
- - - - - -	- - - - - -	- - -
- -	- -	-
- -	- -	-
- -	- -	-
	2024 - - - - 2024 - - - - 2024 5,000	2023 - - -
		-
		2023 - - -
		-
		2023 -