Charity number: 1107341 Company number: 5227785 HUMANITARIAN AID RELIEF TRUST IA company Ilmltsd by guarantsé) Report and Flnanclal Statements For the year ended 31 December 2024 other Answer Books & knount8 14t Floor Bourne House Cores End Road Bourne End SL8 SAR
HUMANITARIAN AID RELIEF TRUST Trustees Annual Re ort for the Year Ended 31 December 2024 coNTErS Legal and 8dmini8trative information Report of the trust888 10 Independ8nt Auditor's report 11-13 Statement of flnancial activities 14 Balance sheet 15 Statement of ca8h flows 18 Notes to the financAal 8tstement8 17-28
HUMANITARIAN AID RELIEF TRUST Trustees Annual ReDOrt for the Year Ended 31 December 2024 (continued) Dlrectors and Trusteés The directors of the charitable company are its tru8tees for the purpose of charity law and throughoui this report are collectively referred to as the trustees. Charity number. 1107341. Company number: 5227785. Tru8ts08 David Bates {Chair) Stuart Notholt Steven Turner Prakash Patel (Honorary Treasurer) Thomas Skidmor8 (appointed 191h Septemb8r 20241 Laura Parker (appointed 81h November 2024) Key Management Pornonnel Baroness Caroline Cox {Pr88ident and Founder) Samuel Mason (Chief Executiv8 Officer) David Thomas (Projects and Logistics Cowordinator) Règl8t•Md Offlce Unil 1 Number One Bristol Lewins Mead Bristol BS12NR Audltor Sterling Grove Accountsnts Limited Fawley House 2 Regatta Place Marlow Road Boume End Bu¢kingh8m8hire SL8 STD 8anker8 HSBC Bank plc 333 Vauxhall Bridge Road London SW1V 1EJ Web8lte v.hart-uk.org Country of Ineorporatlon England and Wales
HUMANITARIAN AID RELIEF TRUST Trustees Annual ReDOrt for the Year Ended 31 December 2024 (continued) Trustees. Annual Report for the Year Ended 31 Decèmber 2024 The Trustees, present their report and the financial statements of Humanitarian Relief Trust (HARTI for the year ended 31 December 2024, which have been prepared in accordance with the Companies Act of 2006, the Charities Statement of Recommended Practice (Charities SORP {FRS 1021 and Financial Reporhng Standard 102 (FRS 102). The annual report serves the purposes of both a Trustees, Report and a DireGtOfS' Report under company law. Organl8atlon The Trustees of the company are 8180 Charity trustees for the purposes of charity law and under the Company's Articles are known as members ofthe Board ofTrustees. Underthe requirements ofthe Memorandum and Articles of Association, the members of the Board of Trustees are elected to s8Né for a period of three years after whith they must step down and may bé r&elected at the next Annual General Méèting. A broad skill set is repr8sent8d on the Board of Trustees. including 6XP8rts in education, hum8n resources, finance, medical practice and business. This board has been constrtuted in order to provide thè professional and technical expertise required to ensuré accountsbility for and efficiency in HARTS work. Trusteès arè encouraged to visit at least one of the HART humAnitsrian programmes abroad. We believe assessing the quality of the work being undertaken with HART funding. the compétence of l¢xal partners., and the financial integrity of the programmes are the most appropriate way8 for Tru8tees to ensure the accountsbility ol HART'S work. The key management Personnel of the charity are in charge of directing, controllSng, runnlng and operatlng the charity on a day-ttrday basis. The pay and remuneratson of th8 Chièf Executive Officer is reviewed annually by the Board of Trustees. The pay and remuneration of all staff are reviewed by th8 CEO annually. Fulfllment of the Charlty Comml88lon guldellno8 on Publlc Benefft We have referred to the Charity Commission's general guidance on public benefit when rèviawing our aims and objectives of the charity, 88 set out in our Declaration of Tru8t and summ8ri88d in the Vision. Mission and Approach statements below. Vl*lon: Bringing hope to people Sn forgotten ¢onfli¢ts. Ml••lon.' HART goes where others won't. We prforltise support for conflict-affected communit188 who receive11tt18 or no help from big aid organisations. Approach.. We cross Closed borders to be wth people in need. W8 gather first-hand evldence of oppression and injusts'ce. We partner with local experts to provide life-saving assistance. We amplify 'frJrgotten voices, for a robust intemational response. Revlew ol the year HAR T lebrated its 20th anniversary in July 2024. To mark the occasion, we published an inspiring Timeline Report read here ortl and a special documentary about HART'S impact in northern Uganda. We are deeply grateful to our support6rs, partners and volunteers, who have proven time and timè again that thére is always hope. We look forward to building on this legacy, together, over the next year- and th8 next decade. The Trustees are pleased to report that 2024 has been a productive year. Total income amounted to £774,482, enabling HART to send £356,155 to our humanitarian pathers in Myanmar {Burma), Amienia, Nigeria, Abyei and Sudan (sèe table below). Further funds were allocated for distribution in early 2025, including.. A grant award for Health & Hope in Myanmar. received on 31 December 2024. Funds raised for the SWAN and Loi Tai Leng education projects in Myanmar by HART Ambassadar Jo Russell and her friends. The second instalment of a 2024 multi-year funding award allocated to the SWAN Women's Wellbeing Programme in Burma. Archit8Ct fees for the Lady Cox Rehabilitation Centre in Armenia, which was acquired in late 2024. Renovation will be a phased prtxess extending into 2026.
HUMANITARIAN AID RELIEF TRUST Trustees Annual ReDOrt for the Year Ended 31 December 2024 (continued) Proiect Health & Ho Loi Tai Len School SWAN Women's Wellbeina Pro SWAN Education Proaramme Lad Cox Rehabilitation Centre The Tekevan Centre Roads to HoDe Jos Christian Institute Diocése of Ab ei Emer enc Relief Diocèse of Ab ei Education Pro-ects Blué Ni18 Stale Emer en Relief Total Grants Awardad Countrv Burma Buima Burma Burma Armenia Armenia eria Niaeria Amount £1,500 ramme 12° 6% 31% 150 150 10 1% 30 io% 100% £21.400 £109,387 £54 595 £53 746 £5.000 £1,260 £9,353 £38 334 £356 156 Sudan For every £1 given to HART in 2024, 89p was alloc8ted to humanitarian aid and advocacy, lIe 11p w88 designated for fundraising and good governan. Amionla Armenia's 2024 humanitarian ¢ri81s centered on the influx of over 100,000 ethnic Armenians from Nagorno Karabakh. Immediate needs included shelter, food 8nd healthcare. We prioritlsed long-term inlegration in partnership wilh the Tekeyan Centre Fund. focusing on housing. We also partnered with the Lady Cox Rehabilitation Centre to ensura the conlinuation of care for refugees with di6abiliti88. Services induded 150-200 monthly home visits and the 8CqUlSltion of 8 bulldlng, 8ltuated north of Yerevan, that will be renovated to provide 8ssential rehabililalion therapies. Syrla Syria's protracted conflict continues to drive a severe humanitsrian crisis. Millions require aid due to displacement, economic collapse, sanctions and destroyed infr8Structure. Vulnerable populations face heightened risks, with limited access to key services. In 2024. w8 éxpanded the Women's Empowerment and Food Security in Maaloula in partnership with St Ephrem Patriarchal Development Committee. Women from the region conserve excess seasonal food. They sell the produce to g8n8ratè an income and purchase materials from the nearby market, which helps to support the local economy. The projéct's SusS encourages displaced families to relurn to M88loula and r&inve8t in their town, Myanmar (Burma) The militsry coup in Myanmar has fu818d a humanitarian taStrophe in major towns and cities. as well as hard- ttrreach villages in th8 border regions. HART scaled up ils humanitarian response in 2024. working through local partners in Shan and Chin states. Our initiatives delivered vital food supplies. education and wellbeing sUPPOrt to internally displaced and r8fuge8 families. Local partners delivered life-saving maternal and neonatal héalthcare to displaced women in remote jungle areas. Through these efft)rts, we remain committed to saving lives and strengthening community resilience. Sudan Sudan is facing thè largest humanitsrian crisis ever recorded. Over 14 million people are forcibly displaced. In 2024, HART delivered food assistance, shelter and education to vulnerable households in Blue Nile State and the Nuba Mountains. During a fact-finding visit in Decemr, wè witnessed first-hand the impact of homelessness and famine. Displaced households resort to eating roots. grass and leaves for Survival. Among them are pregnant women and groups of unaccompanied children. HART is partnering with Compassion and Sustainable Development Africa ICSDAI to ramp up emergency intèrvèntions. Abyel Abyei is often d8scribed as 'the biggest )lashpoint' left unr8solved when Sudan and South Sudan separated in 2011. The ongoing war in Sudan has ogused regional instability and led to an influx of refugees. In September 2024. heavy rains and flooding destroyed 3.000 homes in Abyei town, prompting HART to respond with emergency assistance for refugees and displaced persons. Local partners have successfully completed the constructs'on ofAbyei's first Library and Teacher Training Centre. The Centre is referred to as a 'beacon of hope," where education programmes will help children escape poverty and empower famili85 to live héalthier lives.
HUMANITARIAN AID RELIEF TRUST Trustees Annual Re ort for the Year Ended 31 December 2024 continued Monltorlng, Evaluation, A¢¢ounLqblllty and Leamlng Development Project impacl is monitored by our local p8thers and members of the UK team. Through émbedded community stwctures. HART partners conduct community mobilisation and staff routinely carry out monitoring and evaluation ofthe project's activities for quality assurance. Subject to travel or security restrictions, HART aims to visit partners and monitor projects each year. In 2024, we visited projects in Uganda (previous partner), Myanmar, Nigeria, Armenia and Sudan IcuThent partners). reinforcing our commitment to dired engagement and arLountability. Offlce move to 8rl8tol HART makes évery effort to keep overheads down. Our small UK team maxirnises resources for local partners. In November 2024, HAR T moved its offices from London to Bristol to further redu expenses. HART'S new postal address is.. Humanitarian Aid Relief Trust Unit 1, Number One Bristol Lewins Mead Bristol BS12NR HART Prlze for Human Rlghts Sinc8 wé launched the prestigious HART Prize for Human Right8 in 2010, the compatitSon has received thousands of entries from the UK and around the world. In 2024, more international students entered than ever before. We received exceptional assays and art projects from Australia. Vietnam, Malaysia, Armenia, Hong Kong, Canada. Bangladesh, Nigeria. India. Myanmar and the Philippines. HART is inspired to S88 so many young people engaging with complex human rights issues. We wish to congratulate and expres8 our appreciation to all partiCiP8ting studènts, schools and universities, including: UK-bBood 8tudents from Palmers Green High School,. Cheltenham Ladies College,. St Mary's School,. Harrow School,. King Edward Vl School., Pr8Statyn High School,. South Wlls Grammar School, Royal Masonic School for Girls.. Magdalen College School.. Shr8wsbury School, University of Leeds,. Inclusion College,. Mount Kelly College., and University of Birmingham. Inlernatlonal 6tudents from Victoria Shanghai Academy (Hong Kongl., St Lucy's School for Students with Disabilities IAuslrali8)- West Point Grey Academy (Canadal. Brisb8ne Girls, Grammar School (Austr81ial,' The Dewey School Tay Ho Tay Ivietnaml,. University of Sydney {Austr8li81.' Milestone College (Bangladésh}.' Abbolsleigh Senior S¢hool (Australia), Eastern Visayas State University (Philippinesl- St Margaret's Berwck Grammar IAuslralia},' University of Ibadan (Nlgerial; and Unlverslty Sains Islam (Malaysial. 81g Glvo Chrl•lmas Challonge In December, we launched HART'S 2024 Big Give Christmas Challenge. Breaking Cycles of Poverty in Conflict Zones., Our fundraising target was £25,000. Thanks to the generosity of HART supporters, we more than doubled this target. Including Gift Aid, our grand total was £52.408. Golf fundral8er HART Ambassador. Jo Russell, and her friends Gillian Bow and Ben and Karen Richards organised a fundraiser at Stoneham Golf Club. They raised over £50,000 for Loi Tai Leng school and vulnerable students supported by SWAN on the ThaivBurma border. The money raised will transform live6.
HUMANITARIAN AID RELIEF TRUST Trustees Annual Report for the Year Ended 31 December 2024 (continued) The Trustees woukl like to thank each HART supporter who gsve generousty in 2024, including the following.. Ahmanson TTUSt l Fieldstead & Co. In¢ All Souls, Langham Place Association of Certified Public Accountsnts Bernard Nazarian Bleenham Holding l Jorge Vartparonian Christian Solidarity Intemational Clare Allen David and Sarah Rhode8 Deirdre Holding Dr John and Heidi Goodden Dr Sebouh MatO8sian Easy-Gate Ltd Gary Wannan Graham and Lesley Hadley Jo and Jonathan Russell John and Nicola Barber KLAR Partner8 Leaders in Transfomallon l HART US Lord Malcolm Pearson of Rannoch. The Rannoch Trust Maureen Powell Marigold Bridgeman Charrtable Trust Michael and Pauline Bruce Mrs Sally D8VI8 Nexcu8 International l Barnabas Aid Reverend St8V8n Tighe Sarah's Trust Souter Charrtable Trust States of Guem3ey St Mich8el & All Angels, Beaconsfield The Aall Foundation The Big Give The Coles-medlock Foundation Zelda Investments Ltd We are profoundly grateful to everyone vtho supports HART and we pay trlbute to those fundraising endeavours vthi¢h. in so many imaginative ways, support our work. We thank the Trusts, Grant-making Bc4Jies and Companies whrch provide the muthneeded funds for spe¢thc projects. We also pay tribLrte to our loyal supporters and community fundraisers who run, swim, jump and abseil. We thank you alll We look forward to th8 futur8 with muth hope and enthusiasm.
HUMANITARIAN AID RELIEF TRUST Trustees Annual Reoort for the Year Ended 31 December 2024 (continued Message from the Board of Tru8tse•: Getting to 2030 HART'S vision is dear. to save and transform lives by strengthening the capaaty of local pathers. We combine aid th advocacy to champion their vision for a brighter future. Local partners are perfecuy placed to reach victims of conflict or disaster. They are often the 'first responders. to a crisis. espeaally when big aid organisalion5 Withdraw because of polrtics or insecurity. They are sensitive to local power dynamiGs. They are committed to their communities for the long-term. Our local partners face a daunting few years 8head- a fragile global economy; difficuli political environments., dimate shod(s; displacement, food insecuiity,. and limited internatsonal support. Their needs are, very sadly, likely to increase. As their needs in¢rea6e, we wll take steps to consolidate our resources. HART is a small charity. so we will priorilise our activty in line with what makes the bigg8St impact. We wll deepen relationships with existing neljvorks in order to gain leveragé, including in the UK parliament and other d)arrties who share the same vision. While the world is changing rapidly- and we wll need to change with it- our vision and principles remain. With your support, we will enhance thè e£p8bilty of our Ioc81 partners. strengthen their capacity, and continue to champion their 601utions for sustainable change. The charity plans to continue th8 activitiés outlined above in the forthcoming years subject to 8atisfactory funding arrangements. Polle108 Inve8lment pollcy: Under the memorandum and arb'cles of as8oclation, the charity has the power to make any investments that the Trustees see fit. Re8erve8 pollcy: HARTS wlicy is to maintain unrastricted funds sufficient to cover 4 months operating expenses. Unrestricted Funds at 3181 Oecember 2024 were £250,991, compared to £142,023 in 2023. Rl8k monagoment A risk management projramme 18 in place and, ere appropriate, 8y8tems or prctsdure8 are èstablishèd to mth'gate any risks the ch8rity might fa. These procédures, along wrth the Risk Register. ar6 regularty r8vi8wed to ansure thatth8y continue to meet the need8 ofthe charity. The Trustees considerthe principal risks and uncértaintiés facAng the ch8rty and their plan8 and strategies for managing these risks to be.. Rlsk 1.. Decline in regular income > MltSg8tlon.' Implement 8nd monitor rigorous fundralslng strategy. Rlsk 2. Imbalan of restncted and unrestricted funds > Mitigalicn.. drive individu81 giving programme8 such as direct mail and online giving. Risk 3.. Misspend of lunds at IIKal partner level > Mitigation". Draw up Gontr8cts and memorandums of understanding IMOUS) and introduce designated monitonng and evaluation framework for each partner with yearly audits.
HUMANITARIAN AID RELIEF TRUST Trustees Annual Report for the Year Ended 31 December 2024 (continued) Ststsment of fundralslng practlce In accordance with the ch8rities {Protection and sla1 Investrnentl Act 2016. the following statem8nt outlines the fvndraising practi for the Hum8nit8ri8n Aid Relief Trust in 2024. In 2024, there were no failures to comply with the Fundraising Regulator's code of practice. HART does not sell or swap data with othèr tharities or organisations or make any cold tel8phon8 calls to the general public. In 2024, HART did not contact services for any professional fundraisers as defineAJ by section 58 of the Charities Act 1992. During the course of 2024, HART received no complaints about our fundraising Practi in response to any of our fundraising direct mailings that were $8nt out HART does not engage in persistent or intrusiv8 fundraising practices with any of our supporters, including vulnerable people. ere vulnerable people or those acting on their behalf request to cease communic4tions, we act on théir wishes. Tru8ts08' r08pon8lbllltl08 In relatlon to Ihe flnanclal 8tatements The Trustees (being Directors of the charitable company) are responsible for preparing the Annu81 Report and the financial slatements in accordance wth 8pplicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice and FRS 102 Standard}. Company law requires that the Trustees must not approve financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the income and expenditure of the charitsble company for that period. In preparing tho88 financial statement8, the Truste88 are required to.. Select suitable accounting policie8 and then apply them consislendy Observe the methods and principles in the Chanthes Statement of R8comm8nd8d Practice Mak8 judgments and e6timate8 thal are reasonable and prudent stste whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed 8nd explainéd in the financial ststements Prepare the financial 8tatements on the going concern basi8 unless it 18 inapproprlate to presume that the charitable company will continue its operations The Trustees ara re8ponslble for keeping propèr a¢¢ounting récords, which disdose with rèasonable accuracy at any time the financial posilion of the charitable company and enable them to ensure that the financial statements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie6. The Trustees 8re responsiblè for tha maint8nanca and integrty of the corporate and financial information included on th8 charitablé company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from législation in other jurisdictions.
HUMANITARIAN AID RELIEF TRUST Trustees Annual ReDOrt for the Year Ended 31 December 2024 (continued Dlsclosure of Inft>rmation to audltor8 In so far as th8 Directors are awar8 at th8 tim@ of approving our Dir8Ctors' Annual Report: Ther8 is no r8levant information. being infomiatH)n needed by the auditor in connectlon with preparing their report of which the tharity's audttor is unaware: The Directors. having made enquiries of fellow directors and the charity'5 audltor that they ought to have indlvidually taken, have each taken all steps that helshe is obliged to take as a Director in order to mak8 themselves aware of any relevant audit information cind to establish that the audltor is aware of that information. Audltors A resolution will be proposed at the Annual General Meeting that Sterling Grov8Accountants Limited be re-appointed audltors to the tharity. Approved by the Board of Trustees and signed on its behalf by.. Davld Batg5 (Chalr of Trustees) 21 21 10
HUMANITARIAN AID RELIEF TRUST Independent auditor's report to the members of Humanitarian Aid Rellef Trust for the year ended 31 December 2024 Opinion We have audited the financial statements of Humanitarian Aid Relief Trust ('the charitablè company'l forth8 year ènded 31 Dember 2024 which comprise the Statement of Financial Activities, Balan Sheet, Statement of Cash Flows and notes to the financial statements. including significant accounting policies. The fi'nancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting S18ndard applicable in the UK and Republic of Ir81and (United Kingdom Generally Accepted Accountsng Practice). In our opinion, the financial statements.. give a true and fair view of the state of the ch8ritsble company's affairs as at 31 Decemb8r 2024 and of its incoming resources and application of resources for the year then ended,. have been properly prèp8ffjd in accordance with United Kingdom Generalty Accepted Accounting Practice,. and have been pr8p8red in accordance with the requirèmènts of the Companies Act 2006. Ba818 for oplnlon We conducted our audit in accordance with Internatlonal St8nd8rds on Auditing {UK) IISAS (UK)) and applicable18W. Our responsibililies under those Standards are further described in the Auditor's responsibilities for the &udit of the fin5n81 st8temenls section of our report. We are independent of the charitabl8 company in accordance with the ethical quirernents 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 Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu81on8 rèlatlng to golng conrAm In auditing the financial statements, we have concluded that the trustee5' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on th8 work we have performed, we have not identified any material uncertainties relating to 8vents or conditions that, individually or collectively, m8y cast significant doubt on the charitable company's ability to continue as a going concern for a period of 8t le8St 12 months from when the financial ststemenls are authorised for issue. Our responsibililias and the responsibilities of the trustees with respect to going concern 8re described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual r8POrt, including the trustees, report, other than the financial statèments and our auditor's r8POrt thereon. The trustees are responsible for the other infomiation contained within the annual report. Our opinion on the fin8nci818tatements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our responsibility 18 to read the other inform8tion and, in doing so, consider whether the other information is materially inconsistent with the financial ststements or our knowledgè obtained in the course of the audit. or otherwise appear8 to be materially misstated. If we identify such materi81 inconsistencies or apparent matenal misstatements, we are required to determine whether this gives rise to a matérial misststement in the finanual statements themselves. If, based on the work we have performed, we conclud8 that there is a material misslatement of thls other information. we are required to report that fact. We have nothing to report in this regard. Oplnlon8 on other mattern prescrlbed by the Companlos Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report, which includes the directors, report prepared for the purposes of company law, for the financial year forwhich the financial stst8m8nts are prepared is consistent with the finanaal statements; and the directors, report included within the tTUStees' r8POrt has been prepared in accordance with applicable legal r8quirements. 11
HUMANITARIAN AID RELIEF TRUST Independent auditor's report to the members of Humanltarlan Aid Relief Trust for the year ended 31 December 2024 Matters on vthich we are requlred to report by excepllon In the light of Ihe knowledge and understanding of the company and rts environment obtained in the course of the audit, we have not identified material misstatements in the directors, réport included within the trustees, report. We have nothing to report in r8SPèCt of the following matters in relation to which the Companies Act 2006 requirelsl us to report to you if, in our opinion.. adéquatè and proper accounting record6 have not been kept. or returns adequate for our audit have not been re¢eived from branchès not visited by us., or the financial ststements are not in agreement with the a¢wunting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not feceiv8d all the information and explanatlons we require for our audit. or the trustees w8re not ents'tled lo prepare the financial statements in accordance with the small companles regime and take adv8nla9e of the small companies, exemptions in preparing the trustees, report and from the requirement to prep8re a strategic report. Responslbllltle8 of tru8t8e8 As explained more fully in the trustees, responsibilities statement Iset out on page 121, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparalion of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the tru8tee8 determine is necessary to en8bl8 th8 preparation of financial ststements that are fr88 from material misstatement. whether due to fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the company's ability to continue as a going concern. disclosing, 8s applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the ¢omp8ny or to cease operations, or have no realistic alternatsve but to do so. Audltor'8 re8pon8lbllftle8 for the audlt of the flnanclal statsment8 Our obj8CtiV88 ara to obtain reasonable assurance about whether the flnancial 8t8tements 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 assurancè is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA8 IUKI will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material If, indlvidually or In the aggregat8, they could reasonably be éxpectéd to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of nonacompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect matenal misstatements in respect of irregularities, Including fraud. As part of an audit in accordance with ISAS (UK}, we exercise professional judgement and maintain professional scepticism throughout the audit. The extent to which our pro¢edures are Gapable of deteth'ng irregularities, induding fraud is detailed below.. - the engagem8nt partner ensured that the engagement team collectivety had the appropriate competence, capabilities and skills to identify Of recognise non-complian with applicable laws and regulations; - we identified the laws and regulations applicable to the charitable company through discussions with management. and from our knowledge and experience of the humanitarian aid sector.. - we focusad on specific laws and regulations which we considered may have a direct material effect on thè financial statements or the ath'vities of the chantabl8 company, including the Companies Act 2006, Charities Act 2011 and data protection, anti-bribery, employment, anti-mon8y laundering, financial sanctions and health and safety legislation., we assessed th8 extent of compliance with the laws and regulations identified above through making enquiriès of management and inspecting legal correspondence,. and identified laws and regulations were communicated wthin the audit team regularly and the team remained alert to instsnces of non-compliance throughout the audit. 12
HUMANITARIAN AID RELIEF TRUST Independent auditor's report to the members of Humanltsrlan Aid Rellef Trust for the year ended 31 December 2024 We assessed the susceptibility of the charitable company's financial statements to m*erial mis$tstemenL including obtaining an understanding of how fraud might occur. by: making enquiries of management as to where they considered there was susceptibility to fraud, their kn¢)wledge of actual. suspected and alleged fraud., and - considering the inlemal controls in 8c8 to mitigat8 risks of fraud and non-wmpliance with laws and regulatlons. To address the risk of fraud through manag8m8nt bias and override of controls. we= performed analytical Pfo¢edures to identify any unusual or unexpected relationships., tested journal entries to identify unusual transactions.. assessed whether judgements and assumptions made in detsrmining the accounting estimates set out in the accounting policies wer8 indicative of potential bias., and investigated the rationale behind significant or unusual transath'ons. In response to the ri8k of irregularit168 and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying SuppO.ng documentation; reading the minutes of mèétings of those Charged with govemance.. and enquiring of management as to actual and potential litigation and claims. A further description of our responsibilities 18 available on the Financial Raporting Council's website at.. This descriptson forms P8rt of our 8udrtor's report. Uge of our report This report is made solely to the charitable comp8ny's members, a5 a body, in accordance with Chapter 3 of Part 18 of the Companies Act 2008. Our audrt work has been undertaken so that we might state to the charitable company, members those matters we are reqUId to Stale to thèm in an auditor's report and for no other purposé. To the fulle8t extent permitted by law, we do not accept or assum8 r8sponsibility to anyone other than Ihe charitsble company and the charitable company's memb&rs a8 8 body, for our audit work, for this report, or for the opinions we havé fomied. Mr Gino Paoici Amas8nti FCCA (Senior St8tutory Auditor) For and on behalf of Sterling Grove Accountants Limited. Statutory Auditor Fawley House 2 Regatta Place Marlow Road Bourne End Buckinghamshire SL8 STD Date.. 13
{ 18 (o
HUMANITARIAN AID RELIEF TRUST Balance Sheet As at 31 Decomber 2024 Notas 2024 2023 Flxed asset8 Tanglble assets 13 1342 1,381 Current a88èts Stock Debtors 95 14 126,806 290.813 420 26, 775 223,263 Cash at bank and in hand Credllorn.. amounts falling due within one year 417,714 250.458 15 (93.043) (18,064) Not current asJ•ts 324671 232.394 Total a88•ts1•s8 curront Ilabllltjos 325.913 233, 775 Funds Unrestrlcted funds 16 250,991 142,023 91,752 Restricted funds 17 74922 Tolal fund8 Carrled forward 18 325,913 233, 775 The directors have taken advantage of the sp@cial provislons of Part 15 of the Companies Act 2006 relatlng to small companies In the preparation of the accounts. 29 AfL?[ Approved bythe board of trusteeson.......................................... and slgned on Its behalf David Bates (Chair of Trustees) The notes on pages 17 to 28 form part of these flnancial ststements. Company numb@r: 5227785 15
HUMANITARIAN AID RELIEF TRUST Statement of Cash Flows For the year ended 31 December 2024 Notes 2024 2023 Cash provlded by operatlng actlvltles 66,106 22,202 Cash Ilow8 from Inve8tlng aVleS Interest recéived 3,595 (2,151) 2,230 Payments to acquire tsngible fixed a888t8 Cash Iu8ed Inl Inve8llng actfvitl08 2,230 Net ca8h Inflow 67,550 24,432 Cash and cash 8quival8nts at 1 January 223,263 198,831 Ca8h and cash equlvalonts at 31 December 290,813 223,263 Cash flow8 from oporntlng a¢tlvltl•• Net Incomel(lo••) 91138 6,644 Interest received shovm in investing activities Depreciation Loss on s816 of Ilx8d a8S8t8 Decrea6el{increasel in stock Decreasel(incre8se) in debtor8 IDecrease}lincrea$e in creditors Cash provlded by operallng a¢tlvltl•8 {3,595 1,734 (2,230) 461 325 (100,031} 74,979 66,106 (69) 16,174 1,222 22,202 16
HUMANITARIAN AID RELIEF TRUST Notes to the financial statements For the year ended 31 December 2024 Accounting policlos The principal accounting policies adopted, ludgernents and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basls olaccountlng The financial ststements have been prepared under the Compani8s Act 20)6 and in accordance with the Charrties Statement of Recommended Practice (Charities SORP {FRS 10211 and Financial Reporting Standard 102 IFRS 102). The financial statements are drawn up on the historical cost basis of accounting. The financial statements are prepared in pounds Sterling rounded to the nearest £1. Humanitarian Aid Relief Trust meets the definition of a public benefit entity under FRS 102. 11 is company limited by guarantee (No. 5227785) and a charity registered in England and Wales (No. 11073411. Its registèrèd office 8ddress is at Unit 1, Number One Bristol, Lewin6 Mead, Bristol, BS1 2NR. The trustees have assessed the financial position of the charity ovèr a pèried of 81v6 months from the date the financial stateménts are approvèd and consider there are no material uncertainties about the charity's ability to continue as a going concern. bj Income Voluntary income, donations (including legaae8} and grant income are accounted for once the charity has entitlement to the income, rt is probable the income will be received, and the amounl of incorne receivable can be r81iably méasured. In the event Ihal a donation 18 subject lo conditions that r8quire a level of performance by the ch8nty before it is enlilled to the funds. the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those condilions is wholly within the control of the charrty and it 18 probable that these conditions will be fvlfilled in the reporting period. Wher8 material asset$ ar8 donated to the company for its use, these are capitalised at the estim8t8d market value al the date of the gift and included under income. Assets given for distribution by the chaflty are received 8s income when distributed and stated in the accounts at the directors, estimated market value at the time of receipt. Grant income is recognised on a receivable basis. Where grant income sp8cif18s use over a tlme nod in which the expenditure of resources wll take pla. grants received in advance of costs incurred are recogni8ed as d8ferr8d Income. c) Expendlture Expenditure is accrued as soon as a liability is considered probable. discounted to present value for longer term liabilities. Expenditure included in Raising Funds relates to amounts incurred in obtaining grants and other donalions. Chariteble expenditure includes those costs in fulfilling the charit8ble company's principal objects, as outlined in the ReF)Ort of the Trustees. Grants payable are payments made to third parties in the furtherance of the charrtable objects of the charitable company. In the Ggse of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The nolification gives the recipient a reasonable expectation that they will receive the one-year or MUyear grant. Grants awards that are subject to the recipient fulfilling performancè conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charitable company. Provisions for grants are made when the intention to make a granl has been communicated to the reupient but there is uncertainty as to the timing of the grant is outside the control of the Trust. Allocation of expenditure Certain expenditure is directly attributable to specifi'c activities and has been included in those cost categories. Support and gov8rnance costs attributable to more than one activity are apportioned across categories on the basis of an estimate ofthe proportion of time spent by staff on those activities. 17
HUMANITARIAN AID RELIEF TRUST Notes to the financial statements For the ear ended 31 December 2024 continued Accountlng pollcle8 (continued) dj Tanglble flxéd assets and depre¢iatlon Tangible fixed assets are included in the balance sheet atcost. Depreciation is provided on all tangibl8 fixed assets at rates calculatéd to write off the full cost or valuation less estimated residual value of each asset ovèr its éstim8t&d useful life. The principal rates in use are.. Equipm8nt, fixtures and fittings- at rates betsveen 10 /0 and 330/0 e) Stock Stock of books is Included at the lower of purchase cost and net realisable value with reference to current prices. fj DebtorJ Grants receivable and other debtors are included at the settlement amount du8. Prepaym8nt8 are valued at the amount prep8id. gj Cash at bank and In hand Cash at bank and in hand includes cash and short tsrm highly liquid investments with a Short maturity of thr88 months or less from the date of opening of the deposit. h) Credltors andpmvlslons Cr8ditor8 and provisions are recognised where the charity ha8 a present obligation arising from a past event that will probably result in the transfer of ftjnds to a third party and the amount due to settle the obligation c2n be measured or estimated reliabty. Creditors and provisions are recognised at their settlement amount. l) Flnanclal In8truments The charity onty has financial asséls and liabilities of a kind that qualify as basic finanrial instruments. Basic financial instruments are inilialty recognised at transaction value and subsequendy measured at their settl8m8nt value. JJ Fornlgn currnncy transl8tlon Transactions in foreign currencies are translated at the rate applicable at the date of the transaction. Balancés denominated in foreign currencies are tr8n8lat8d at the year4nd rate, and any drff8ranc8$ arising are taken to the Statement of Financial Activities. k) VAT The charlty18 not regiStsd for VAT and accordingly expenditure include8 VAT where appropriate. Funda¢¢ountlng The funds held by the charity are either.. Unrestficled gener81 funds - these are funds which can be used In accordance wlth the charitable objects at the discretion of th8 trust885. Designated funds- these are funds set aside by the trustees QLrt of unrestriGtsd general funds for specific future purposes or projects. Restrictedfunds- th8s8 are funds that 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. 18
HUMANITARIAN AID RELIEF TRUST Notes to the financial statements For the vear ended 31 December 2024 (continued 1 Accounting pollcl8s (continued) m) Pensions The charity offers pen8ion beneffts to eligible employees through the NEST pension scheme. These are defined contribution schemes. the assets of which are held separately from those of the charity. Contributions are charged to the Statsment of Finanaal Ac*ivities on an accrual's basis. Donatlons and Logacle8 Unrestrlcted funds Restrlcted funds 2024 2023 Donatlons Donations from individuals Donations from major donors Donations from churches Donations from schools Donations from corporates 153,715 46,632 7,920 216,171 6,717 369,886 53,349 7,920 280, 958 68, 758 8.522 3,250 46, 649 4,250 23,400 246.288 27,650 212,517 468,805 408, 135 Legacies 100,000 100,000 Totsl 312,517 246,288 558,805 408, 135 Charftable Actlvltle8 Unrnstrlcted funds Restrlct8d fund8 2024 2023 Grant Applications Other fundraising activitie8 Totsl 31,216 69,770 100,986 111,056 142,272 69,770 212,042 203,850 41,308 244,958 111,056 19
HUMANITARIAN AID RELIEF TRUST Notes to the finanaal statements For the ear ended 31 December 2024 continued Other Trading Activities Unrestrlctod funds Restrlcted funds 2024 2023 Book sales Other merchandise Total 40 168 40 40 168 Other Income Unre8trl¢ted funds Restrlctod lunds 2024 2023 Other income 150 Tot81 150 Inv88tment Incomo Unre8trfct8d fiinds Restrlcted funds 2024 2023 Interest recéivable from UK b8nk accounts 3,595 3,595 2, 230 20
ofy o) 4X* CQ m (D 10
r to tr-- O) O I ZLL
HUMANITARIAN AID RELIEF TRUST Notes to the financial statements For the ear ended 31 December 2024 continued Grants Payable 2024 2023 Number Grants payable Aldpmgr8mmes Bumia NagorntrKarabakh Nigeria South Sudan 86,480 163,982 58,746 10,613 36,334 44,338 70,298 51,407 53,693 110,452 Sudan Total grnnts awarded 356,155 330,188 2024 2023 Projects Health & Hope {8urmal Loi Tai Leng School (Burma) SWAN Women'B Wellbeing Projects {Buma) SWAN Educatlon Project8 IBurma} Lady Cox Rehabilitation Centre {Amenia> The Tekyan Centre IArmeni8) Emergency Needs (Nigeria) Roads to Hope (Nigeria) Jos Christian Institute {Nigeri81 Diocese of Wau Emer9ency relief (South Sudan) Diocese of Abyèi Emergency Relief {South Sudan) Diocese of Abyei Agok School (South Sudan) Marol Academy (South Sudan) Emergency Relief (Sudan) Blue Nile Emergency Relief (Sudan) 1,500 18,986 44,594 21,400 109,387 34,595 13,900 30,438 45,898 24,800 3,575 47,832 63,746 6,000 8,250 19,497 21,480 6,466 47,500 62,952 1,260 9,353 36,334 Total grants awarded 366,166 330,188 23
HUMANITARIAN AID RELIEF TRUST Notes to the flnancial statements (continued) for the ear ended 31 December 2024 Staff Number8 and Co8t8 2024 2023 staff costs.. Wages 8nd salaries Social security costs Employer contributions to the dèfined contribution pension schemes 152,213 9,729 2,882 148.460 9,212 2,731 164.824 16Q,403 2024 Number 2023 Number R8i$ing funds Aid Advo¢8cy Support Govemance Th8r8 re no employees with employee beneflls excluding employer pension costs above £60,000 {2023-. none). Key Management Per8onno1 The total employee benefits of the key management personnel of the charity as listed on page 1 were £85,368 (2023. £88,504). 10 Related party tran8aCtlon8 The key management personnel of the charity are consSdered to be related parties and the total employee benéfits are set out in note 9 above. The trustees are not remunerated. During the year one trustee was reimbursed for travel and sub8lStence expenses incurred during the charity's operations totallin9 £18212023.. £nill. Donations income of £1,50012023: £nil) was received from one trustee and his wife, during th8 ye8r. There were no other related party Iransactions during the year. 24
HUMANITARIAN AID RELIEF TRUST Notes to the flnancial statements (continued) for the ear ended 31 December 2024 11 Nèt (expondlture)Ilncom This is slated after charging.. 2024 2023 Depreciallon Foreign exch8nges10$8es Auditors, remuneration (including VAT).. Audit 1,734 96 461 814 10,895 9,686 12 Taxatlon The charlty 18 exempt from corporation tax on its ch8ritable activitie8. 13 Tangible Flxed A88et8 Equlpmenl, flxtura8 & flttlng8 Total Cost At 1 January 2023 Additions in the year Disposals in the year At 31 December 2023 4,347 2,151 {2.1581 4,342 4,347 2,151 12,156) 4,342 Depreclatlon At 1 January 2023 Depreciation for the year Depreciation on Disposal8 2,966 1,734 (1,6001 2,968 1.733 {1,600} At 31 Decemb8r 2023 3,100 3,100 Net book value At 31 December 2024 1,242 1,242 At 31 December 2023 1.381 1,381 25
HUMANITARIAN AID RELIEF TRUST Notes to the flnancial statements (continued) for the ear ended 31 December 2024 14 Debtors 2024 2023 Prepayments Gift aid rècovérable Accrued Income Other Debtors 2,122 14,328 108,250 2,106 8,909 4,285 9.868 3,713 126,806 26, 775 15 Crgdltors: amounts falllng due wlthln one year 2024 2023 Accruals Other creditors D8f8rred income Trade creditors Taxats'on and social 88curity 12,903 4,498 70,866 381 4,425 10,000 2.339 1,724 4,001 93,IM3 18,064 D&f8rr8d income arises on grants given for projects of longer than one year in dur8tion based on the Stage of completion of the project.. Balance brought forward Def&rred in year Released in year 70,858 Balance carrled forward 70,856
HUMANITARIAN AID RELIEF TRUST Notes to the flnanclal statements (continued) for the ear ended 31 December 2024 16 Unre8tricted Funds 2024 Ba18nce at i January Incom8 Exp6nditure Transf8rs Balance at 31 December General fund t42,023 417,138 {295.1871 112,9831 250,991 2023 B818nce 8t 1 January Income 8alanc8 at 31 D8c&mber Expendlture Tr8nsfers General fund 102, 862 306, 853 (267,692) 142,023 17 Ro8trfcted Fund8 2024 Ba18n¢e at l January Balance at 31 Doc Incom8 Expenditur8 Tr8nsf8rs Bumia N8goMK8rabakh Nigeria South Sud8n Sudan 28,205 31,708 23,207 7,658 974 94.883 180.579 41,973 1,952 37,957 {90.1251 (179,439) {64,2151 {17.0271 {36,3511 3,643 36,606 32,848 965 1,916 2,687 9,333 91,752 357,344 {387,157) 12,983 74,922 2023 Ba18nc8 at l January 5818nce et 31 Dec Income Exp8nditu Transfers Bunna NagomfrKarab8kh Nigeria South Sudan Sudan Syria 12,997 44.334 42,798 21,542 2,598 59.600 108,325 31,873 40.017 108,879 (44,392) (120,951) (51,464) (53,901) (110,503) {94} (381,305) 28.205 31,708 23,207 7,658 974 124,269 348,788 91,752 27
HUMANITARIAN AID RELIEF TRUST Notes to the financial statements For the vear ended 31 December 2024 (continued) 18 Analy818 of not a88et8 between fund8 Unrestricled Funds Restricted Funds 2024 Fund balances at 31 Dec8mber 2024 are represented by.. Tangible flxèd assèts Currant assets Current lia'11t1es 1,242 271,936 122,187) 1,242 417,714 193,043) 145.778 170,858) 250.911 74,922 325,913 Unr88trict8d Funds Restricted Funds 2023 Fund balances at 31 December 2023 are represented by.. Tangiblg fixed assets Current assets Current liabilities 1,387 158, 706 {18,064) 1,381 250,458 (18,064) 91,752 142,023 91,752 233, 775 19 Op•ratlng Lo480 Cornmltm•nts The totsl of futu minimum lea8e payments is as follows.. 2024 2023 Wthin ona year 2,858 2,858 Within 2-5 years 2,382 5,240 4240 8,098 The amount of non-cancellable operating lease payments recognised as an expense during the year was £2,838 (2023- £2,858). 28