GLOBAL AID TRUST LIMITED
Global Aid Trust is an education based charity which has been sponsoring orphans covering their cost of living and education. It has been helping the poor and responding the emergency. It has women empowerment programme, Cataract Operations project, Cyclone Centre and Educational Complex in Bangladesh.
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a deficit of £41,704 for the year ended 31 December 2024, resulting in net assets of £31,761. The trustees noted that current free reserves are below their stated policy target of 3-6 months of operating costs and are actively exploring fundraising initiatives to improve financial sustainability. Despite the deficit, the trustees confirm the going concern basis is adopted as they have a reasonable expectation of adequate resources for the next 12 months.
What the accounts disclose
“While the current level of reserves remains below this target” — page 6
Trustees
- Dr ASM ASHRAF MAHMUD
- MD ZIAUL HAQUE
- TARIK NASRULLAH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £132k | £174k |
| 31/12/2023 | £179k | £141k |
| 31/12/2022 | £169k | £211k |
| 31/12/2021 | £183k | £171k |
| 31/12/2020 | £331k | £287k |
Common questions
Is GLOBAL AID TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a deficit of £41,704 for the year ended 31 December 2024, resulting in net assets of £31,761. The trustees noted that current free reserves are below their stated policy target of 3-6 months of operating costs and are actively exploring fundraising initiatives to improve financial sustainability. Despite the deficit, the trustees confirm the going concern basis is adopted as they have a reasonable expectation of adequate resources for the next 12 months. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZAIMAH | 1 | £79k |
| EPSOM AND EWELL ISLAMIC SOCIETY | 1 | £30k |
| THE CMA WELFARE TRUST | 1 | £478 |
Charities like this
- GLOBAL RELIEF TRUST
- RESCUE AID TRUST
- ACT (AFRICAN CHILD TRUST)
- GLOBAL WELFARE RELIEF
- GIVE TO ORPHANS
- IMDAADUL GHURABAA TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GLOBAL AID TRUST LIMITED | £132k | — | 0 | below | — | no doubt |
| GLOBAL RELIEF TRUST | £10.9m | — | 0 | unclear | — | no doubt |
| RESCUE AID TRUST | £262k | — | 0 | unclear | — | no doubt |
| ACT (AFRICAN CHILD TRUST) | £204k | — | 0 | unclear | — | no doubt |
| GLOBAL WELFARE RELIEF | £389k | — | 0 | unclear | — | no doubt |
| GIVE TO ORPHANS | £177k | — | 0 | unclear | — | no doubt |