REGISTERED CHARITY NUMBER.. 028830 Report of the Trnstees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Middle East Relief Fund The Kelvin Partnership Ltd Chartered Accountants The Cooper Building 505 Great Western Road Glasgow G12 8HN
Middle East Relief Fund Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 13 Detailed Statement of Financial Activities 14 to 15
Middle East Relief Fund Report of the Trustees for the Year Ended 31 March 2025 The principal activity of the Trust is to relieve the sufferin& poverty and distress of those who are in such ¢tr¢umstances as a result of natural disaster, persecution due to their believes of religious or any other cause of the Middle East origin people. OBJECTIVES AND ACTIVITIES Review of Business During the financial year ending 31st March 2025, MERF has put all its effort to working hard in compliance with its aims and goals. Trustees are reporting MERF activities as follow: Educational Activities: We are delighted that MERF has been able to continue its activities and supports towards educational activities. These activities are including.. the supporting media and broadcasting to provide up-to-date educational news, reports and documentaries from the Middle East and elsewhere to raise awareness of the human rights situation in the region, particularly regarding women's and children's rights, and Teports of natural disasters and condition of such disasters to gain more public support for the suffering people, who are deprived of the basic rights and facilities. Promoting Human Rights: Human rights campaigns to stop violation of human rights, and defend the women's and children's rights, to stop execution and attacks on vulnerable women and children killing or massacre of civtlians, campaigns to raise awareness about tolerance and religious harmony. Humanitarian Aids for Refugees: Regarding Humanitarian aids for refugees, we managed to support with parts of refugees, day to days essential needs and expenses. FINANCIAL REVIEW Reserves policy The trustees continue to closely monitor the Charity's finances, with the agreed policy objectives of sccuring the future of the Charity's work and projects by establishing a working reserve to provide at least four months full operational costs. and maximising funds available to promote, support its objectives. During the financial year ending 31st March 2025, the total income for MERF was £208,742 (2024- £396,271) of whi¢h £208,393, (2024 - £395.920) came in the forni of donations and grants. £349 (2024 £351) was received in th¢ form of shareholding and other income. This incom¢ was spent on the following projects: Education Total Media & Broadcasting 50,705 Human Rights Promote Human Rights Aid and Support for Refugees Essential Needs of Refugees in Albania 150,101 10,695 Total Project Expenditure 211,807 Page I
Middle East Relief Fund Report of the Trustees for the Year Ended 31 March 2025 FUTURE PLANS AND ACTIVITIES During the financial year ending 31 st March 2025, MERF Trustees have decided to continue the activities of the Charity as follows: Supporting for media and educational news, reports and documentary broadcasting in order to disseminate UEFto-date news both from the Middle East and elsewhere and to raise awareness of the human rights situation in the region, particularly regarding women's and young peoples, rights. Supporting human rights campaigns in defence of women's and children's rights, to stop inhuman actions of imprisonment, torture or executions of people for their gender, believe, ethnicity or religion, to raise public awareness about violations of human rights in Middle Eastern Countries, and campaigns for tolerance and religious harn]ony. Providing humanitarian aids to refugees. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Middle East Relief Fund was founded by a Deed of Trust on 1999. The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity with a charity registration number: SC028830. Recruitment and appointment of new trustees Middle East Relief Fund can appoint elected Trustees and as stated in the Deed of Trust the minimum of trustees must be 2. Elected Trustees At th¢ annual general meeting the trustees may elect as a trustee any member who has confirmed hislher willingness to be appointed. In addition, the trustees may at any time (provided he Ishe is willing to act) to be a trustee ("an elected trustee") either to fill a vacancy or as an additional director. MERF is governed in accordance with its constitution which is carefully drafted to reflect the aims of the charity and its activities. Risk management The trustees have a duty to identify and review the risks to which the charity RS exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have assessed the major risk to which the charity is exposed, in particular those related to the operation and finances of the charity, and are satisfied that th¢ systems are in place to mitigate these risks. MERF is also recogntsed as a major supporter of the inhabitants of the Camp Liberty which has now closed and all residents have been relocated to a refugee camp in Albania. MERF also support the relocated refugees in Albania, and the organisation striv¢s to ensure that the funding provided to sustaining the refugees in Albania are regularly reviewed in respect of both operational and financial aspects. REFERENCE AND ADMINISTRATIVE DETAILS Registered CharAty number 028830 Page 2
Middle East Relief Fund Report of the Truslees for the Year Ended 31 March 2025 (The Charity administration is wholly managed by volunteers). Independent Examiner The Kelvin Partiiership Ltd Cliartered Accountants Tlie Coop¢r Building 505 Great Westem Road Glasgow GI2 8FtN Bankers Barclays Bank plc Swiss Cottage Leicester LE87 2BB Approved by order of the board of trustees on 12 December 2025 and signed on its behalf by: Page 3
Independent ExAminer's Report to the Trustees of Middle East Relief Fund I report on the accounts for the year ended 31 March 2025 set out on pages five to thirteen. Respectiv¢ responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of ihe Charities and Trustee Investrnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requir¢m¢nt of Regulation l O( l)(a) to {c) of th¢ Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to stale whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the a¢¢ounting records kept by the charity and a comparison of the accounts pr¢s¢ntcd with those rccoTds. It also includes consideration of any unusual items or disclosures in the accounts, and seeking cxplanations from you as trustees coiicerning any such tnatt¢ls. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination. no matter has Come to my attention . ( l ) which gives me reasonabl¢ cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of tlie 2006 Accounts Regulations; and to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been m¢t" or (2) lo which, in my opinion. attention should be drawn in order to enable a proper understanding of the Tli¢ Inslilule ol" CliarlLI'ed Accouiitaiits of scotld The Kelvin Partnersliip Ltd Chartered Accountants The Cooper Building 505 Great Western Road Glasgow G12 8HN 12 December 2025 Page 4
Middle East Relief Fund Statement of Finaneial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 208,393 208,393 395,920 Investment income Other income 152 197 152 197 126 225 Total 208,742 208,742 396,271 EXPENDITURE ON Raising funds 306 306 335 Charitable activities Education Refugee Aid & Support Promote Human Rights Donation to Others First Foundation 50,705 50,705 177.939 46,738 130,343 9,000 l50,101 150,101 Other 10,695 10,695 10,447 Total 211,807 211,807 374,802 Nct gains/(losses) on investments (683) (683) 405 NET INCOME/(EXPENDITURE) (3,748) (3,748) 21,874 RECONCILIATION OF FUNDS Total funds brought forward 23,004 23,004 1,130 TOTAL FUNDS CARRIED FORWARD 19,256 19.256 23,004 The notes form part of these financial statements Page 5
Middle East Relief Fund Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Investments 5,604 5.604 6,287 CURRENT ASSETS Debtors Cash at bank 1,721 27,425 1,721 27,425 838 60,699 29,146 29,146 61,537 CREDITORS Amounts falling due within one year (15,494) (15,494) (44,820) IYET CURRENT ASSETS 13,652 13,652 16,717 TOTAL ASSETS LESS CURRENT LIABILITIES 19,256 19,256 23.004 NET ASSETS 19,256 19.256 23,004 FUNDS Unrestricted funds 19,256 23,004 TOTAL FUNDS 19.256 23,004 The financial statements were approved by the Board of Trustees and authorised for issue on 12 Dcccinbcr 2025 and wcrc signcd on its behalf by: The notes fom) part of these financial statements Page 6
Middle East Relief Fund Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements These financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing tlieir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). The financial statements have also been prepared in accordance with the Charities Accounts (Scotland) Regulations Act 2006 and the Charities and Trustee Investment (S¢otland) Act 2005. The charity is a public benefit entity as defined by FRSI 02. The accounts are prepared in sterling, which is the functtonal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. The accounts have been prepared under the historical cost convention. The princÈpal accounting policies adopted are set out below. These policies have been consistcntly applied to all periods presented. Income All incoming resources are recognised once the charity has the entitlement to the resources, receipt of the income is probable and the monetary value of the incoming resources can be measured with sufficient reliability. Where income has been receivcd in advance of entitlement, this is deferred to future periods. Gifts in kind and donated services are included where the relevant value can be quantified. Donations, covering public fundraisÉng and top-up funding are recogniscd when receivable. Expenditure All ¢xp¢nditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditurc is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the s¢ttlement will be requlred and the amount of the obligatRon can be measured reliably. Raising funds expenditure comprises costs Incurred in generating funds for the use in fulfilling the charitable objectives of MERF Charitable acttvities expenditure comprises those costs incurred by the charity in the delivery of its activities for the benefit of the beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, which support the Charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. Governance costs are those associated with th¢ governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Page 7 continued...
Middle East Relief Fund Notes to the Flnancial Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Financial instruments The charity has elected to apply the provislons of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all its financial instruments. Financial instruments are recognized in the charity's financial statements when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are only offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial ass¢ts, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction is mca5ured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Impairment of financial assets Financial assets, other than those held at fair value through profit and loss. are assessed for indicators of impairn]ent at each reporting end date. Dereeognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled. or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrarftgements entered into. An equity instrument Is any contract that evidences a residual intcrcst in the assets of the charity after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors and loans are initially re¢ogDised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. It is therefore potentially exempt from taxation in respect of income or capital gains to the extent that such income 01 gains are applied for charitable purposes. Page 8 continued..-
Middle East Relief Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- Continued Fund accounting Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Unrestricted funds are incoming resources generated for the object of the charity without further specified purpose and are available as general funds. Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. INVESTMENT INCOME 31.3.25 31.3.24 Other fixed asset invest - FII 152 126 CHARITABLE ACTIVITIES COSTS Direct Costs Education Promote Human Rights 50,705 150,101 200,806 TRUSTEES, REMUNERATION AND BENEFITS There was no remuneration paid to any trustees in 2025 (2024 - £nil). Trustees, expenses Trustees were reimbursed expenses amounting to £nil (2024 - £nil) Page 9 continued...
Middle East Rellef Fund Notes to the Financial Statements- continued for the Year Ended 31 March 2025 STAFF COSTS There were no employees in either 2025 or 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 395,920 395,920 Investment income Otlier income 126 225 126 225 Total 396,271 396,271 EXPENDITURE ON Raising funds 335 335 Charitable activities Education Refugee Aid & Support Promote Human Rights Donation to Others First Foundation 177,939 46,738 130,343 9,000 177,939 46,738 130,343 9,000 Other 10,447 10,447 Total 374,802 374,802 Net gains on investments 405 405 NET INCOME 21,874 21.874 RECONCILIATION OF FUNDS Total funds brought forward 1,130 1,130 TOTAL FUNDS CARRIED FORWARD 23,004 23,004 Page 10 continued..
Middle East Relief Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2025 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l April 2024 Impairments 6,287 (683) At 31 March 2025 5,604 NET BOOK VALUE At 31 March 2025 5,604 At 31 March 2024 6,287 There were no investment assets outside the UK. Cost or valuation at 31 March 2025 is represented by: Listed investments Valuation in 2025 5,604 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Prepayments E,721 838 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Other creditors 11,654 3,840 30,980 13,840 15,494 44,820 Pagell continued...
Middle East Relief Fund Notes to the Financial Statements- continued for the Year Ended 31 March 2025 10. LOANS An analysis of the maturity of loans is given below: 31.3.25 31.3.24 Amounts falling due within one year on demand: Other loans i 0,000 11. MOVEMEIYT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 23,004 (3,748) 19,256 TOTAL FUNDS 23,004 (3,748) 19,256 Net movement in funds. included in the above ar¢ as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 208.742 (211,807) (683) (3,748) TOTAL FUNDS 208,742 (211,807) (683) (3,748) Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrieted funds General fund 1,130 21,874 23,004 TOTAL FUNDS 1,130 21,874 23,004 Page 12 continued.
Middle East Relief Fund Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ii. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 396,271 (374,802) 405 21,874 TOTAL FUNDS 396,271 (374,802) 405 21,874 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 13
IWiddEe East Relief Fund Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 193,126 15,267 362,546 33,374 208,393 395,920 Investment income Other fixed asset invest - FII 152 126 Other income Interest 197 225 Total ineoming resources 208,742 396,271 EXPENDITURE Raising donations and legacRes Telephone, post and stationery 306 344 Charitable actRVlties Education Aid and Support for Refugees Promote Human Rights Donation to Others First Foundation 50,705 177,939 46,738 130,343 9,000 150,101 200,806 364,020 Support eosts Management Rent Bank charges 6,403 452 5,957 641 6,855 6,598 Governance costs Accountants remuneration 3,840 3,840 Total resources expended 211,807 374,802 Net (expenditure)lincome before gains and losses (3,065) 21,469 This page does not form part of the statutory financial statements Page 14
Middle East Relief Fund Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Realised recognised g2ins and losses Realised gains/(losses) on fixed asset investments (683) 405 Net {expeDditure)lin¢ome (3,748) 21,874 This page does not form part of the statutory financial statements Page 15