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2024-02-29-accounts

Registered Charity No: 1059951 B L E T R U S T, HELP THE NEEDY C H A R l T A B L E T R U S T ei9i èALi lJX19 port ANNUAL REPORT AND FINANUAL STATEMENTS rEAR ENPEP 29 FEPRUARr 2024

Contents

Message From The Board Of Trustees 03
About Help the Needy Charitable Trust 04
Our Vision, Mission and Values 05
Humanitarian Response 06
• Food Security 06
Financial Support
• Family Financial Assistance 07
• Kids For Kids
Sponsorship
• Widows’ Support 09
• Orphans’ Sponsorship
Religious And Social
• Ramadan
• Qurbani (Adhahi)		 12
• Zakat-Ul-Fitr And Eid Gifts
Income Generation
• Rickshaws For Widows		 15
Winter Relief
• Financial Support		 16
Financial Reports And Statements 17
Contact Us 36

2

Message From The Board Of Trustees

The increasing complexity of social issues places a growing burden not only on governments but also on individuals and communities. In response, we see a heartening rise in people and charities stepping up to address society’s challenges. This growing commitment to creating social impact and improving lives is a testament to our shared humanity. Corporations, too, are making significant strides by embracing corporate social responsibility (CSR), and volunteerism has become a vital force in fostering mutual support within our society.

At Help the Needy Trust , our greatest asset is the dedication of the people and partners who work with us. Over the past 26 years, we have cultivated a robust network of supporters united by a shared goal: creating lasting change. Time and again, we have witnessed how collaboration leads to innovative partnerships and sustainable solutions.

Our priority is to address real-world challenges by identifying needs, designing practical solutions, and implementing projects with purpose and precision. Through the knowledge and experience we have gained over the years, and in collaboration with our community of partners, we are committed to tackling the pressing issues our society faces today. On behalf of the Board of Trustees, I extend heartfelt thanks to our incredible partners, managers, staff, and volunteers. Your unwavering support enables us to continue combating poverty and uplifting less fortunate communities. Together, we are building a society sustained by mutual care and support.

Thank you for your dedication and commitment to this shared mission.

Sincerely,

ie Raad Salman Chair, Board of Trustees ; =

3

About Help the Needy Charitable Trust

Founded in 1996 and registered with the Charity Commission of England and Wales (No. 1059951), Help the Needy Charitable Trust is an international non-profit humanitarian and development organisation. We are dedicated to providing critical assistance to families and individuals in need across the globe.

Our key areas of focus include:

Our mission is to serve vulnerable families with compassion and inclusivity, regardless of race, ethnicity, or religion. Guided by a deep commitment to humanity, we strive to achieve two vital objectives:

  1. Saving lives and preserving dignity in times of emergency.

  2. Empowering individuals and communities to achieve economic recovery and longterm stability.

At Help the Needy Charitable Trust , we remain steadfast in our mission to build a better future for those in need, fostering hope and resilience in the face of adversity.

4

Vision, Mission and Values

Our Vision

To empower and enable vulnerable women and children to achieve economic recovery and stability by providing shelter, food, and access to primary healthcare and education.

Our Mission

To combat poverty and restore dignity to the lives of orphans, widows, and families affected by natural disasters and chronic poverty.

Our Values

Our values reflect the foundation of our work and guide us in achieving our mission of helping vulnerable communities around the world.

We foster an environment that encourages achievement and helps every team member reach their highest potential, ensuring meaningful contributions to our shared mission.

5

Humanitarian Response

Food Security

Food Security is a cornerstone of Help the Needy Charitable Trust’s humanitarian efforts. Through our Food Parcels Distribution Programme , we provide essential food supplies to the most vulnerable families throughout the year, with special emphasis on significant occasions such as Ramadan and Eid-ul-Adha (Qurbani).

Programme Objectives

Our programme is designed to ensure:

Impact Highlights

Community Engagement

In addition to food distribution, we organise communal gatherings during Ramadan, enabling i a ie” ~ families to come together, share meals, and strengthen bonds within their local communities. These gatherings are a testament to our commitment to not just meeting basic needs but also i at Mons” : “ om building resilient, connected communities. Be Ag.

j} >.

6

Financial Support

SSS

Family Financial Assistance

Since 2014, the humanitarian situation for hundreds of thousands of displaced individuals in Iraq has remained dire. Today, 1.2 million people are still displaced, while those who have returned to their hometowns face immense challenges due to the destruction of infrastructure, essential public services, and the lack of employment opportunities.

Reports indicate that three million Iraqis require humanitarian assistance, with one million in acute need. Internally displaced persons (IDPs), the majority of whom are women and children, face significant uncertainty in finding durable solutions. Many returnees also endure limited access to basic services and livelihood opportunities amidst ongoing social, political, and security challenges.

Our Response

In partnership with several international organisations, Help the Needy Charitable Trust continues to provide critical financial support to vulnerable families in northern Iraq. This assistance enables beneficiaries to afford basic everyday necessities, offering relief and stability in challenging circumstances.

Impact in 2023

By addressing immediate financial needs, we aim to help displaced families navigate their daily challenges while fostering hope for a more stable future.

7

a

Kids for Kids

Iraq is still home to millions of orphans , the situation is particularly dire in Mosul, where years of sectarian violence, armed conflict, and lack of security have significantly increased the number of orphans.

a

Widows and orphans often face overwhelming challenges, including a lack of sufficient or stable income to meet basic needs, limited access to state benefits, and scarce employment opportunities in their local areas.

Challenges in Camps

In camps such as Khazer and Hassan Sham, over 1000 orphans live with their mothers or relatives. While temporary shelters provide basic accommodation, they do not offer the essential protection, emotional support, or opportunities needed to overcome loneliness, desperation, and insecurity. Furthermore, these children lack consistent access to schooling and healthcare services, further hindering their ability to break free from the cycle of poverty.

Our Impact

In 2023–2024, Help the Needy Charitable Trust provided critical cash assistance to 900 orphans living in the U2, U3, and M1 camps in the Khazer Camps area of the Kurdistan region. This financial support helps meet their basic needs and provides a lifeline for some of the most vulnerable children and their families.

By addressing the immediate needs of orphans and widows, Help the Needy strives to create a foundation for hope, resilience, and opportunities for a brighter future.

8

Sponsorship

Widows’ Support

Decades of war and armed conflict in Iraq have left hundreds of thousands of families without fathers and brothers, the primary breadwinners. This tragic loss has significantly contributed to declining living standards and increased poverty levels, as countless women struggle to provide for their families. The burden often forces widows to seek work to support their young children, but many face barriers due to a lack of employable skills and limited access to capacity-building opportunities.

Compounding these challenges, not all widows in Iraq have access to state benefits or financial support. The scale of need far exceeds the assistance available from international organisations operating in the region.

Our Response

To address this critical gap, the Help the Needy Charitable Trust Widows’ Support Programme provides regular cash assistance to vulnerable widows across Iraq. In 2023 – 2024, we extended support to 3,100 widows in Mosul, Anbar, Baghdad, and Erbil.

Impact Highlights

This programme helps widows:

By empowering widows with essential financial support, Help the Needy contributes to restoring dignity and resilience to the lives of women and families deeply affected by conflict.

for Orphans and—

9

Orphans’ Sponsorship

The lasting impact of war and civil unrest in Iraq has led to widespread social and economic challenges. Armed conflict, ongoing violence, and lack of security have caused a dramatic rise in the number of orphans, leaving countless children vulnerable. Orphans in Iraq face significant obstacles, including a lack of access to state benefits and essential services.

Many families caring for orphans struggle without a stable income, relying on irregular handouts from relatives or local organisations. However, the needs of these children extend far beyond basic necessities; they require access to healthcare, proper clothing, and education to ensure their growth, development, and protection. Without these supports, children are at greater risk of exploitation, engaging in illegal activities for petty cash or food, and facing harm or abuse.

Our Response

The Help the Needy Charitable Trust Orphan Sponsorship Programme is a long-term initiative aimed at addressing these challenges. The programme provides regular cash assistance to orphans and their mothers, enabling:

Impact Highlights

Currently, 2200 orphans in Mosul, Anbar, Baghdad, and Erbil receive financial support through this programme. By addressing both immediate and long-term needs, the Orphan Sponsorship Programme empowers families to provide a safer, more stable environment for their children.

Through this initiative, Help the Needy is committed to safeguarding the future of vulnerable children, helping them build brighter lives and break free from cycles of poverty and insecurity.

10

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Religious and Social

Ramadan and Qurbani

The holy month of Ramadan and the three days of Eid-ul-Adha mark a significant time for Muslims around the world, a period of spiritual reflection and giving. It is a time to remember those who are in need and come together as a community in support of the most vulnerable. Every year, during Ramadan, Help the Needy Charitable Trust reaches out to families in desperate need, distributing:

For those living in harsh and hostile environments, being remembered and cared for during this sacred time holds immense significance.

Challenges in Mosul and Other Affected Areas

Mosul, in particular, was devastated by military action against insurgent groups, resulting in widespread destruction of homes, hospitals, schools, shops, bridges, and roads. Despite the passage of time, hundreds of thousands of families in Nineveh , Anbar , and Kirkuk continue to face extreme hardship, with limited access to basic services, food, clean water, and job opportunities.

Our Impact in 2023

By providing food and essentials during these key moments, Help the Needy ensures that families can participate in the spiritual blessings of Ramadan and Eid, while also helping to restore dignity and hope in the face of adversity. \ =

12

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Zakat-ul-Fitr and Eid Gifts

The Zakat-ul-Fitr and Sadaqat-ul-Fitr (Eid Gifts) programme is one of Help the Needy Charitable Trust's key religious-social initiatives that marks the end of the holy month of Ramadan . The three-day Eid-ul-Fitr celebration is a time for Muslims to come together in joy, reflecting on their endurance of hunger and thirst throughout the month. It is also a time for giving and sharing, ensuring that everyone, especially the most vulnerable, can partake in the festivities.

The Zakat-ul-Fitr and Sadaqat-ul-Fitr projects are designed to distribute food and other essential items to families in need, helping them celebrate Eid with dignity.

Our Impact in 2023

In addition to food, Help the Needy ensured that 2200 orphans received cash assistance = ae during the three days of Eid. This support enabled them to purchase new clothes and other na. necessary items, allowing them to celebrate the occasion with joy and dignity. Through this initiative, Help the Needy not only helps meet the immediate needs of vulnerable families but also ensures that the spirit of Ramadan and Eid is shared by all, fostering a sense of community and solidarity. , [hitste | — espic _ ine}. | Se fo e a; ee aS i:

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14

Income Generation

Rickshaws for Widows

In response to the needs of thousands of widows, Help the Needy Charitable Trust launched the Income Generation Programme to address the large-scale loss of livelihoods, particularly among conflict-affected populations. Hundreds of thousands of people in Iraq require humanitarian support, including internally displaced persons (IDPs) and returnees living in vulnerable conditions such as camps, makeshift shelters, and damaged buildings. These communities face urgent needs in food security, basic services, protection, and economic support.

Our Response

As part of our Income Generation Programme , Help the Needy focused on providing economic opportunities for widows with children under 16 years of age who had no stable source of income. In 2023 , we distributed 11 rickshaws (three-wheel motorcycles) to widows in Anbar and Mosul , and 74 widows in Anbar received cows with calves.

These rickshaws provide a simple but reliable means of transportation, enabling widows to generate a steady income for their families by offering transportation services. The milk, butter and cheese from the cows will be for the family consumption and the surplus will be sold to generate a steady income for the family.

Impact

By providing a source of income for widows, the programme empowered 85 families to break the cycle of poverty and dependency, giving them the opportunity to support themselves while contributing to their communities.

Through this initiative, Help the Needy aimed to strengthen the economic resilience of vulnerable families and restored dignity to those affected by conflict and displacement.

15

Winter Relief

~~a~~

Financial Support

For many vulnerable families, surviving the harsh winter months is a daily struggle, especially when they lack basic necessities such as food, clothing, and warmth. This challenge is even more pronounced for families living in inadequate displacement camps , where living conditions are dire.

Impact of Conflict and Economic Hardship

Years of armed conflict, civil unrest, and lack of security have forced families to flee their homes in search of safety, leaving them without shelter, jobs, or stable access to resources. The situation is worsened by rising prices and the ongoing cost of living crisis , which make it increasingly difficult for families to meet basic needs. These conditions resulted in higher rates of illness, particularly among the elderly and children under five , with mortality rates increasing during the winter season.

Our Response: Winter Relief

In response to these urgent needs, Help the Needy Charitable Trust initiated its Winter Relief Project to provide much-needed financial support to the most vulnerable families in Iraq.

In 2023 , 120 families in Mosul received financial assistance , enabling them to purchase essential winter items such as:

• Fuel for heating • Food supplies to ensure they could withstand the harsh winter months iP ~< ~ ™ = This financial support helped families better cope with the cold and provided some relief from the devastating impact of the winter season on their health and well-being. ts Through this initiative, Help the Needy aims to ease the suffering of vulnerable families, \ ensuring that they can survive the winter months with dignity and hope for the future.

CHARITY REGISTRATION NUMBER: 1059951

Help The Needy Charitable Trust Financial Statements 29 February 2024 17 =»

Help The Needy Charitable Trust Trustees' Annual Report (continued) Year ended 29 February 2024

The trustees present their report and the financial statements of the charity for the year ended 29 February 2024.

Reference and administrative details

Registered charity name Help The Needy Charitable Trust

Charity registration number 1059951 Principal office Suite 501 Crown House North Circular Road London NW10 7PN United Kingdom The trustees Mr Raad Salman (Chairman) Mr Mohamad Abdul Wahab Kasim Mr Ali Mare (resigned 27 November 2024) Auditor K K Associates Chartered Accountants & Statutory auditor 305 Crown House Park Royal North Circular Road London NW10 7PN Bankers Al Rayan Bank 4 Stratford Place London United Kingdom W1C 1AT Lloyds TSB Bank Brodesley Green West Midlands Birmingham B9 4SU Metro Bank One Southampton Row London WC1B 5HA - 1 - 18 =»

|Help The Needy Charitable Trust
Financial Statements
Year ended 29 February 2024
Page
Trustees' annual report
20
Independent auditor's report to the members
22
Statement of financial activities
25
Statement of financial position
26
4|| |---| |Statement of cash flows
27| |Notes to the financial
statements
28| |19
=»|

Help The Needy Charitable Trust Trustees' Annual Report (continued) Year ended 29 February 2024 The trustees present their report and accounts for the year ended 29 February 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard FRS102 issued in 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT | The affairs of Help The Needy Charitable Trust are governed by the Declaration of Trust dated 15 November 1996. The charity is managed by a board of trustees. In the year ended 29 February 2024, the following persons served as trustees: Mr Raad Salman (Chairman) Mr Ali Mare (resigned 17 November 2024) Mr Mohamad Abdul Wahab Kasim

OBJECTIVES AND ACTIVITIES

The charity’s objectives are the relief of inhabitants of war-torn areas, the supply and transportation of humanitarian aid, the relief of sickness, the relief of poverty, and the advancement of education. In this regard, the charity continued to support and sponsor the health and education initiatives, poverty relief efforts and construction and repair of houses and accommodation. The source of income was public donations. No grant was received from any government organization.

FINANCIAL REVIEW

The donations received this year were higher than the previous year. The Trustees expect that donations received will grow again in the future.

RISK MANAGEMENT

The charity takes robust steps to manage the risks involved in achieving of its aim and objectives. The Board of Trustees reviews significant risks, and makes sure that they are taking appropriate measures to manage and reduce their impact. Managers manage resources, monitor performance and have also established, and manage, an effective internal control environment. This is supported by systems, processes and procedures.

PUBLIC BENEFIT

The charity develops strategic plans to make certain that we provide maximum public benefit and achieve our strategic objectives, which fall under purposes defined by the Charities Act 2011.

20

Help The Needy Charitable Trust Trustees' Annual Report (continued) Year ended 29 February 2024 RESPONSIBILITIES OF THE TRUSTEES The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom | Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: · select suitable accounting policies and then apply them consistently; · observe the methods and principles in the Charities SORP; · make judgements and accounting 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 the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and 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 and the Charity (Accounts and Reports) Regulations 2008 as amended. 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. AUDITORS K K Associates, Chartered Accountants and Registered Auditors, have been re-appointed as auditors for the ensuing year. Signed on behalf of the trustees 501 Crown House North Circular Road London NW10 7PN United Kingdom Mr Raad Salman Date: 18 December 2024 Chairman ie 21

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If

22

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity, which it has to comply with. Our audit tests included tests to check this compliance to the extent that we are expected to do so. In our risk assessment process detailed discussions and planning took

23

Help The Needy Charitable Trust Independent Auditor's Report to the Trustees of Help The Needy Charitable Trust (continued)

Year ended 29 February 2024 place to ensure that our audit procedures are so designed that any material irregularity including fraud will be uncovered when we carry out our tests. Our meetings with the company's management included enquiries that were focused on detection of irregularities including fraud. Discussions included consideration of the risk of management override on controls and segregation of duties reviewed.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state \ to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. K K Associates, Statutory Auditor 305 Crown House, Park Royal, North Circular Road, London NW10 7PN 18 December 2024 | KK Assceiate, 24

24

Help The Needy Charitable Trust

Statement of Financial Activities

|Year ended 29 February 2024
Income and endowments
Donations and legacies
Investment income
Total income
Expenditure
|Year ended 29 February 2024
2024
Unrestricted
funds
Restricted
funds
Note
£
£
4
17,128
3,050,327
6
404
–
────────
────────────
17,532
3,050,327
════════
════════════
||Year ended 29 February 2024
2024
Unrestricted
funds
Restricted
funds
Note
£
£
4
17,128
3,050,327
6
404
–
────────
────────────
17,532
3,050,327
════════
════════════
||Year ended 29 February 2024
2024
Unrestricted
funds
Restricted
funds
Note
£
£
4
17,128
3,050,327
6
404
–
────────
────────────
17,532
3,050,327
════════
════════════
||Total funds
£
3,067,455
404
────────────
3,067,859
════════════
||2023
Total funds
£
2,086,114
216
────────────
2,086,330
════════════
|| |---|---|---|---|---|---| |Expenditure on raising funds:|Expenditure on raising funds:5|3,824|–|3,824|3,057| |Expenditure on charitable activities|7,8|83,704|3,095,099|3,178,803|2,263,349| |||────────|────────────|────────────|────────────| |Total expenditure||87,528|3,095,099|3,182,627|2,266,406| |||════════|════════════|════════════|════════════| |Net (expenditure)/income||(69,996)|(44,772)|(114,768)|(180,076)| |Net recognised (losses)/gains|Net recognised (losses)/gains12|(9,888)|-|(9,888)|(698)| |||────────|────────────|────────────|────────────| |Net (expenditure)/income and net|||||| |movement in funds||(79,884)|(44,772)|(124,656)|(180,774)| |||════════|════════════|════════════|════════════| |Reconciliation of funds|||||| |Total funds brought forward||897,059|68,528|965,587|1,146,361| |||─────────|────────────|────────────|────────────| |Total funds carried forward||817,175
═════════|23,756
════════════|840,931
════════════|965,587
════════════|

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 28 to 35 form part of these financial statements. - - 25 =»

Help The Needy Charitable Trust Statement of Financial Position

|29 February 2024
Note
Fixed assets
Tangible fixed assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
||29 February 2024
Note
Fixed assets
Tangible fixed assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
||2024
£
£
67,301
1,116
790,714
─────────
791,830
18,200
||2023
£
67,301
1,116
907,470
─────────
908,586
10,300
|| |---|---|---|---| |||─────────|─────────| |Net current assets||773,630|898,286| |||─────────|─────────| |Total assets less current liabilities||840,931|965,587| |||─────────|─────────| |Net assets 18|Net assets 18|840,931|965,587| |||═════════|═════════| |Funds of the charity|||| |Restricted funds|Restricted funds16|23,756|68,528| |Unrestricted funds|Unrestricted funds16|817,175|897,059| |||─────────|─────────| |Total charity funds|18|840,931|965,587| |||═════════|═════════|

These financial statements were approved by the board of trustees and authorised for issue on 18 December 2024, and are signed on behalf of the board by:

Mr Raad Salman (Chairman) Trustee The notes on pages 28 to 35 form part of these financial statements. - - 26 =»

|Help The Needy Charitable Trust
Statement of Cash Flows
Year ended 29 February 2024
2024
£
Cash flows from operating activities
Net expenditure
(124,656)
Adjustments for:
Net foreign (losses)/gains
9,888
Other interest receivable and similar income
(404)
Interest payable and similar charges
34,318
Accrued expenses/(income)
7,900
4||Help The Needy Charitable Trust
Statement of Cash Flows
Year ended 29 February 2024
2024
£
Cash flows from operating activities
Net expenditure
(124,656)
Adjustments for:
Net foreign (losses)/gains
9,888
Other interest receivable and similar income
(404)
Interest payable and similar charges
34,318
Accrued expenses/(income)
7,900
4||2023
£
(180,774)
698
(216)
11,274
(4,900)
4|| |---|---|---| |Changes in:||| |Trade and other debtors|–|2,989| ||─────────|─────────| |Cash generated from operations|(72,954)|(170,930)| |Interest paid|(34,318)|(11,272)| |Interest received|404|216| ||─────────|─────────| |Net cash used in operating activities|(106,868)|(181,987)| ||═════════|═════════| |Cash flows from investing activities||| |Proceeds from sale of other investments|(9,888)|(698)| ||─────────|─────────| |Net cash used in investing activities|(9,888)|(698)| ||═════════|═════════| |Net decrease in cash and cash equivalents|(116,756)|(182,685)| |Cash and cash equivalents at beginning of year|Cash and cash equivalents at beginning of year
907,470|1,090,155| ||─────────|────────────| |Cash and cash equivalents at end of year|790,714|907,470| ||═════════|════════════| |
The notes on pages
28
to
35
form part of these financial statements.
-
-
27
=»|||

Help The Needy Charitable Trust Notes to the Financial Statements Year ended 29 February 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Suite 501 Crown House, North Circular Road, London, NW10 7PN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Restricted funds are subjected to restrictions on their expenditure declared by the donor regarding the project for which they must be used.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. Normally income is recognised once the charity has received the funds. - - 28 =»

Help The Needy Charitable Trust Notes to the Financial Statements (continued)

Year ended 29 February 2024

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixture & fittings - 15% straight line Equipment - 25% straight line 4. Donations and legacies Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ Donations Donations - UK 17,128 3,050,327 3,067,455 Donations - Qatar – – – ──────── ──────────── ──────────── 17,128 3,050,327 3,067,455 ════════ ════════════ ════════════ Unrestricted Restricted Total Funds Funds Funds 2023 £ £ £ Donations Donations - UK 33,532 1,904,582 1,938,114 Donations - Qatar 7,400 140,600 148,000 ──────── ──────────── ──────────── 40,932 2,045,182 2,086,114 ════════ ════════════ ════════════ - - 29 =»

Help The Needy Charitable Trust Notes to the Financial Statements (continued) Year ended 29 February 2024

5. Expenditure on raising funds

Total Funds Unrestricted Total Funds Unrestricted Funds 2024 Funds 2023 £ £ £ £ Printing, Stationery & Promotional 85 85 76 76 Subscription 3,739 3,739 2,981 2,981 ─────── ─────── ─────── ─────── Total 3,824 3,824 3,057 3,057 ═══════ ═══════ ═══════ ═══════

||Printing, Stationery &
Promotional
Subscription
Total
|£
85
3,739
───────
3,824
═══════
|£
85
3,739
───────
3,824
═══════
||£
76
2,981
───────
3,057
═══════
||£
76
2,981
───────
3,057
═══════
|| |---|---|---|---|---|---| |6.|Investment income||||| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2024|Funds|2023| |||£|£|£|£| ||Bank interest receivable|404|404|216|216| |||════|════|════|════| |7.|Expenditure on charitable activities by fund type||||| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2024| ||||£|£|£| ||Support to families||–|601,908|601,908| ||Widows Support||–|706,165|706,165| ||Orphan & Vulnerable||–|1,582,561|1,582,561| ||Health Care & Wash||–|20,564|20,564| ||Fittra / Ramadan Food||–|113,948|113,948| ||Qurbani & Eid Gift||–|38,878|38,878| ||Education||–|12,184|12,184| ||Housing & Shelter||–|18,891|18,891| ||Support costs (Note 17)||83,704|–|83,704| ||||────────|────────────|────────────| ||||83,704|3,095,099|3,178,803| ||||════════|════════════|════════════| ||||Unrestricted|Restricted|Total Funds| ||||Funds|Funds|2023| ||||£|£|£| ||Support to families||–|397,270|397,270| ||Widows Support||–|161,386|161,386| ||Orphan & Vulnerable||–|1,093,708|1,093,708| |- -
Health Care & Wash
–
–
–
Fittra / Ramadan Food
–
306,292
306,292
Qurbani & Eid Gift
–
56,497
56,497
Education
–
141,006
141,006
Housing & Shelter
–
40,471
40,471
Support costs (Note 17)
66,719
–
66,719
────────
────────────
────────────
66,719
2,196,630
2,263,349
════════
════════════
════════════
30
=»||||||

Help The Needy Charitable Trust

Notes to the Financial Statements (continued)

Year ended 29 February 2024

8. Expenditure on charitable activities by activity type

|Support to families
Widows Support
Orphan & Vulnerable
Health Care & Wash
Fittra / Ramadan Food
|Activities
undertaken
directly Support costs
£
601,908
706,165
1,582,561
20,564
113,948
|Activities
undertaken
directly Support costs
£
601,908
–
706,165
–
1,582,561
–
20,564
–
113,948
–
||Total funds
2024
£
601,908
706,165
1,582,561
20,564
113,948
||Total fund
2023
£
397,270
161,386
1,093,708
–
306,292
|| |---|---|---|---|---| |Qurbani & Eid Gift|38,878|38,878
–|38,878|56,497| |Education|12,184|12,184
–|12,184|141,006| |Housing & Shelter|18,891|18,891
–|18,891|40,471| |Support costs (Note 17)|–|–
83,704|83,704|66,719| ||────────────|────────────
────────|────────────|────────────| ||3,095,099|3,095,099
43,419|3,178,803|2,263,349| ||════════════|════════════
════════|════════════|════════════|

9. Auditors remuneration

Fees payable for the audit of the financial statements

2024 2023
£ £
3,600 3,600
═══════ ═══════

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024 2023
£ £
Wages and salaries and consultancy 75,433 79,330
Employer contributions to pension plans – –
──────── ────────
75,433 104,330
════════ ════════

The average head count of employees during the year was 11 (2023: 11). The average number of full-time equivalent employees during the year is analysed as follows:

2024 2023 No. No. Number of permanent staff 5 5 Number of part time staff 6 6 Number of voluntary staff 20 18 ──── ──── 31 29 ════ ════ No employee received employee benefits of more than £60,000 during the year (2023: Nil). - - 31 =»

11. Trustee remuneration and expenses and related party transactions

The Trustees did not receive any remuneration and did not charge any expenses during the current year and previous year.

There were no related party transactions during the year.

12. Other recognised gains/(losses)

This represents the foreign currency gain arising on restatement in UK Pound sterling of the charity's bank account balances denominated in US Dollars. Total Funds Unrestricted Total Funds Unrestricted Funds 2024 Funds 2023 £ £ £ £ Gains/(losses) (9,888) (9,888) (698) (698) - - 32 =»

Help The Needy Charitable Trust

Notes to the Financial Statements (continued) Year ended 29 February 2024

13. Tangible fixed assets

|Tangible fixed assets
|||||||| |---|---|---|---|---| |Cost
At 1 Mar 2023 and 29 Feb 2024
Depreciation
At 1 Mar 2023 and 29 Feb 2024
|Fixtures and
fittings
£
13,629
════════
13,629
|Equipment
£
151,915
═════════
151,915
||Freehold
Land &
Building
£
67,301
════════
–
||Total
£
232,845
═════════
165,544
|| ||════════|═════════|════════|═════════| |Carrying amount||||| |At 29 Feb 2024|–|–|67,301|67,301| ||════════|═════════|════════|═════════| |At 28 Feb 2023|–|–|67,301|67,301| ||════════|═════════|════════|═════════| |Debtors||||| ||||2024|2023| ||||£|£| |Other debtors|||1,116|1,116| ||||═══════|═══════| |Creditors: amounts falling due within one year||||| ||||2024|2023| ||||£|£| |Accruals and deferred income|||18,200|10,300| ||||════════|════════|

14. Debtors

15. Creditors: amounts falling due within one year

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
Gains and At
At 1 Mar 2023 At 1 Mar 2023 Income Expenditure Income Expenditure losses 29 Feb 2024
£ £ £ £ £
Unrestricted Fund 897,059 17,532 (87,528) (9,888) (9,888)
817,175
═════════ ════════ ════════ ═══════ ═════════
Gains and At
At 1 Mar 2022 At 1 Mar 2022 Income Expenditure Income Expenditure losses 28 Feb 2023
£ £ £ £ £
- -
Unrestricted Fund
926,385
41,148
(69,776)
(698)
897,059
═════════
════════
════════
════
═════════
33
=»

|Help The Needy Charitable Trust
Notes to the Financial Statements (continued)
Year ended 29 February 2024
16. Analysis of charitable funds (continued)
Restricted funds
At 1 Mar 2023
Income Expenditure
Gains and
losses
£
£
£
£
Support to Families
5,205
600,259
(601,908)
–
Widows Support
7,838
700,000
(706,165)
–
Orphan & Vulnerables
20,909
1,563,816
(1,582,561)
–
Fittra / Ramadan Food
7,762
108,403
(113,948)
–
Qurbani & Eid Gift
1,654
39,141
(38,878)
–
4||Help The Needy Charitable Trust
Notes to the Financial Statements (continued)
Year ended 29 February 2024
16. Analysis of charitable funds (continued)
Restricted funds
At 1 Mar 2023
Income Expenditure
Gains and
losses
£
£
£
£
Support to Families
5,205
600,259
(601,908)
–
Widows Support
7,838
700,000
(706,165)
–
Orphan & Vulnerables
20,909
1,563,816
(1,582,561)
–
Fittra / Ramadan Food
7,762
108,403
(113,948)
–
Qurbani & Eid Gift
1,654
39,141
(38,878)
–
4||Help The Needy Charitable Trust
Notes to the Financial Statements (continued)
Year ended 29 February 2024
16. Analysis of charitable funds (continued)
Restricted funds
At 1 Mar 2023
Income Expenditure
Gains and
losses
£
£
£
£
Support to Families
5,205
600,259
(601,908)
–
Widows Support
7,838
700,000
(706,165)
–
Orphan & Vulnerables
20,909
1,563,816
(1,582,561)
–
Fittra / Ramadan Food
7,762
108,403
(113,948)
–
Qurbani & Eid Gift
1,654
39,141
(38,878)
–
4||Help The Needy Charitable Trust
Notes to the Financial Statements (continued)
Year ended 29 February 2024
16. Analysis of charitable funds (continued)
Restricted funds
At 1 Mar 2023
Income Expenditure
Gains and
losses
£
£
£
£
Support to Families
5,205
600,259
(601,908)
–
Widows Support
7,838
700,000
(706,165)
–
Orphan & Vulnerables
20,909
1,563,816
(1,582,561)
–
Fittra / Ramadan Food
7,762
108,403
(113,948)
–
Qurbani & Eid Gift
1,654
39,141
(38,878)
–
4||Help The Needy Charitable Trust
Notes to the Financial Statements (continued)
Year ended 29 February 2024
16. Analysis of charitable funds (continued)
Restricted funds
At 1 Mar 2023
Income Expenditure
Gains and
losses
£
£
£
£
Support to Families
5,205
600,259
(601,908)
–
Widows Support
7,838
700,000
(706,165)
–
Orphan & Vulnerables
20,909
1,563,816
(1,582,561)
–
Fittra / Ramadan Food
7,762
108,403
(113,948)
–
Qurbani & Eid Gift
1,654
39,141
(38,878)
–
4||At
29 Feb 2024
£
3,556
1,673
2,164
2,217
1,917
4|| |---|---|---|---|---|---| |Training Education and|||||| |Development|6,161|8,500|(12,184)|–|2,477| |Housing & Shelter|3,854|19,486|(18,891)|–|4,449| |Health Care & Wash|11,820|10,722|(20,564)|–|1,978| |Emergency Response|3,325|–|–|–|3,325| ||────────|────────────|────────────|────────────
────|────
────────| ||68,528|3,050,327|(3,095,099)|–|23,756| ||════════|════════════|════════════|════════════
════|════
════════| |||||Gains and|At| ||At 1 Mar 2022|Income Expenditure|Income Expenditure|losses|28 Feb 2023| ||£|£|£|£|£| |Support to Families|11,941|390,534|(397,270)|–|5,205| |Widows Support|14,855|154,369|(161,386)|–|7,838| |Orphan & Vulnerables|32,416|1,082,201|(1,093,708)|–|20,909| |Fittra / Ramadan Food|25,940|288,114|(306,292)|–|7,762| |Qurbani & Eid Gift|7,025|51,126|(56,497)|–|1,654| |Training Education and|||||| |Development|82,869|64,298|(141,006)|–|6,161| |Housing & Shelter|29,785|14,540|(40,471)|–|3,854| |Health Care & Wash|11,820|–|–|–|11,820| |Emergency Response|3,325|–|–|–|3,325| ||─────────|────────────|────────────|────────────
────|────
────────| ||219,976|2,045,182|(2,196,630)|–|68,528| ||═════════|════════════|════════════|════════════
════|════
════════| |17. Support costs|||||| ||||Restricted|Total Funds|Total Funds| ||Un Restricted funds||Funds|2024|2023| |||£|£|£|£| |Accountancy fee||5,500||5,500|5,500| |- -
Audit fee
3,600
3,600
3,600
Bank & finance charges
34,318
34,318
11,272
Consultancy
23,349
23,349
22,500
Rent & utilities
14,760
14,760
14,760
Other staff cost
–
–
3,420
Telephone
2,177
2,177
3,143
Other office costs
–
–
2,376
Postage
–
–
148
────────
────────
────────
83,704
83,704
66,719
════════
════════
════════
34
=»||||||

Help The Needy Charitable Trust

Notes to the Financial Statements (continued) Year ended 29 February 2024

18. Summary of assets and liabilities of each category of funds of the charity

|Fixed Assets

Debtors
Cash at bank and in hand
Creditors (falling due within one year)
|Unrestricted Funds
£
67,301
1,116
766,958
(18,200)
||Restricted
Funds
£
23,756
–
||Total Funds
2024
£
67,301
1,116
790,714
(18,200)
|| |---|---|---|---| ||─────────|────────|────────
─────────| |Net assets|817,175|23,756|840,931| ||═════════|════════|════════
═════════| |Unrestricted funds|817,175||817,175| |Restricted funds||23,756|23,756| ||─────────|────────|────────
─────────| |Total Charity funds|817,175|23,756|840,931| ||═════════|════════|════════
═════════| |||Restricted|Total Funds| ||Unrestricted Funds|funds|2023| ||£|£|£| |Fixed assets
67,301|67,301||67,301| |Debtors|1,116||1,116| |Cash at bank & in hand|838,942|68,528|907,470| |Creditors (falling due within one year)|(10,300)||(10,300)| ||─────────|────────|────────
─────────| |Net assets|897,059|68,528|965,587| ||═════════|════════|════════
═════════| |Unrestricted funds|897,059||897,059| |Restricted funds||68,528|68,528| ||─────────|────────|────────
─────────| |Total charity funds|897,059|68,528|965,587| ||═════════|════════|════════
═════════| |19. Analysis of changes in cash flow|||| ||||At| |- -
At 1 Mar 2023 Cash flows
29 Feb 2024
£
£
£
Cash at bank and in hand
907,470
(116,756)
790,714
═════════
═════════
═════════
20. Fundraising
The charity does not carry out significant fundraising activities from public. It’s donors are other
charitable organisations.
5
3
=»||||

Contact US

www.helptheneedy.org.uk +44 20 8838 0000

17