Registered number: 09473984 | ||||||||
Charity number: 1181517 | ||||||||
UNAUDITED ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
TRUSTEES | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY NUMBER | ||||||||
CHARITY NUMBER | ||||||||
1181517 | ||||||||
ACCOUNTANTS |
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Report of the Trustees | 3 | |||||||
Statement of Financial Activities | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes to the Accounts | 6 to 9 | |||||||
Detailed Statement of Financial Activities | 8 | |||||||
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
FOR THEYEARENDED | ||||||||
TRUSTEES' REPORT | ||||||||
The trustees present their report and accounts for theyearended | ||||||||
PRINCIPAL ACTIVITIES | ||||||||
The principal activity of the charity in theyearunder review was | ||||||||
STRUCTURE GOVERNANCE AND MANAGEMENT | ||||||||
For the public benefit and the relief of poverty and financial hardship of poor families in the rural areas of Srilanka help is provided by trhe way of grants to university students from poor families to help with thier living costs associated with thier higher education and by the provision of facilites such as the supply of educational tools and books. | ||||||||
The charity has reviewed its risks involved in its activites aspart of its business plan. Trustees are satisfied that they have put in place appropriate measures in place to mitigate these risks. | ||||||||
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. | ||||||||
This report was approved by the Board of Trustees on | ||||||||
Visvalingam KANESAMOORTHY | ||||||||
Trustee |
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
Statement of Financial Activities | ||||||||||
for the year ended31/03/2023 | ||||||||||
2023 | 2022 | |||||||||
Unrestricted funds | Restricted funds | Total | Total | |||||||
£ | £ | £ | £ | |||||||
Income | ||||||||||
Income from generated funds | ||||||||||
Donations and legacies | 4,022 | - | 4,022 | 8,102 | ||||||
Other trading activities | 11,307 | - | 11,307 | - | ||||||
Total Income and endowments | 15,329 | - | 15,329 | 8,102 | ||||||
Expenses | ||||||||||
Costs of generating funds | ||||||||||
Expenditure on Raised funds | 770 | - | 770 | - | ||||||
Expenditure on Charitable activities | 7,825 | - | 7,825 | 5,435 | ||||||
Total Expenses | 8,595 | - | 8,595 | 5,435 | ||||||
Net gains on investments | ||||||||||
Net Income | 6,734 | - | 6,734 | 2,667 | ||||||
Gains/(losses) on revaluation of fixed assests | ||||||||||
Net movement in funds: | ||||||||||
Net income for the year | 6,734 | - | 6,734 | 2,667 | ||||||
Total funds brought forward | 5,777 | - | 5,777 | 3,111 | ||||||
Net funds carried forward | 12,511 | - | 12,511 | 5,778 | ||||||
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities |
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
BALANCE SHEET AT 31/03/2023 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
CURRENT ASSETS | ||||||||||
Cash at bank and in hand | 12,995 | 5,860 | ||||||||
12,995 | 5,860 | |||||||||
CREDITORS: Amounts falling due within one year | 3 | 484 | 83 | |||||||
NET CURRENT ASSETS | 12,511 | 5,777 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 12,511 | 5,777 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Unrestricted funds | 5 | |||||||||
General fund | 12,511 | 5,777 | ||||||||
12,511 | 5,777 | |||||||||
Approved by the board of trustees on | ||||||||||
............................. | ||||||||||
Trustee | ||||||||||
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. |
1b. Incoming Resources | ||||||||
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. |
1c. Resources Expended | ||||||||
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
1d. Allocation And Apportionment Of Costs | ||||||||
All costs relate to the single activity of the charitable company and are recognised accordingly. |
1e. Fund Accounting | ||||||||
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. | ||||||||
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. | ||||||||
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Other creditors | 484 | 83 | ||||||
484 | 83 | |||||||
4. LIMITED BY GUARANTEE | ||||||||
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £100, to the company should it be wound up. At 31/03/2023 there were 2 members. | ||||||||
5. UNRESTRICTED FUNDS | ||||||||||
Brought forward | Incoming resources | Outgoing resources | Transfers | Carried forward | ||||||
£ | £ | £ | £ | £ | ||||||
General fund | 5,777 | 15,329 | (8,595) | - | 12,511 | |||||
5,777 | 15,329 | (8,595) | - | 12,511 | ||||||
6. RESTRICTED FUNDS | ||||||||||
Brought forward | Incoming resources | Outgoing resources | Transfers | Carried forward | ||||||
£ | £ | £ | £ | £ | ||||||
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
Incoming Resources | ||||||||||
for the year ended31/03/2023 | ||||||||||
2023 | 2022 | |||||||||
£ | £ | |||||||||
Incoming resources | ||||||||||
Incoming resources from generated funds | ||||||||||
Donations | ||||||||||
Donation | 4,022 | - | ||||||||
4,022 | - | |||||||||
4,022 | 8,102 | |||||||||
Donations | ||||||||||
Activities For Generating Funds | 5,456 | - | ||||||||
5,456 | - | |||||||||
Sponsorship | ||||||||||
Activities For Generating Funds | 5,851 | - | ||||||||
5,851 | - | |||||||||
11,307 | - | |||||||||
15,329 | 8,102 | |||||||||
RURAL DEVELOPMENT ORGANISATION LTD | ||||||||
Expenses | ||||||||
for the year ended31/03/2023 | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Expenses | ||||||||
Costs of generating funds | ||||||||
Fundraising Trading Costs | ||||||||
Hall hire | 320 | - | ||||||
Trophies and prizes | 450 | - | ||||||
770 | - | |||||||
770 | - | |||||||
Charitable Activities | ||||||||
Donations to Destitutes welfare | 7,000 | 5,000 | ||||||
Donations | 356 | - | ||||||
Bank charges | 69 | 35 | ||||||
7,425 | 5,035 | |||||||
Governance Costs | ||||||||
Accountancy fee | 400 | 400 | ||||||
400 | 400 | |||||||
8,595 | 5,435 | |||||||