Charity number: 1109315 HUMRAAZ UNAUDITED TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HUMRAAZ CONTENTS Page Reference and administrative details of the charity, its trustees and advlsers Trustee's report Independent examiner's report Statement of financial activities 10 Balance sheet 11 Statement of cash flows 12 Notes to the financial statements 13-26
HUMRAAZ REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEE AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Dispensation Dispensation has been given to the charity to protect the identity of the service users. Charity registered number 1109315 Principal office PO Box 427, Lancashire, BB15BN Accountants CW Accountants Limited, Boulevard Centre, 45 RaiaY Road, Blackburn, Lancashire, BB1 1EZ Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Page 1
HUMRAAZ TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of Humraaz (the Charity) for the year ended 31 March 2024. The Trustee confirm that the annual report and financial statements of the Charity comply with the Current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP}, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effe¢tive 1 January 2019). Objectives and Activlties a. POLICIES AND OBJECTIVES The objecttves of the Charity are primarily bLrt not exclusively to assist in the relief of women and their children from Black and Minority Ethnic groups who have suffered or are suffering or are at risk of suffering, domestic violence and forced marriage, through the provision of support, education, advice, and accommodation and by such other charitable means as the Executive Committee think fit with the object of improving their conditions of life. Provision for communty women was also created. b. ACTIVITIES FOR ACHIEVING OBJECTIVES Throughout 2023124 Humraaz continued to offer quality services to vulnerable women and their children which were tailored to their individual needs. Many of these women do not speak English and our team of bilingual project workers and support staff provide one-to-one support on a daily basis. Most of the women we support have NRPF and require specialist immigration assistance. We are therefore supporting some of the most vulnerable women in the country. The intense practical support they receive enables them to move on from abuse and fear to safety and independence. Humraaz ensured a space was allowed for BME women in the community to expand skills. reduce isolation and have a safe pla to belong by means of workshops, social groups and learning activities. Humraaz is a specialist "by and for. service and will continue to promote the importance and virtues of specialist support for Black & Minoritised Ethnic {BME} women. Humraaz continues to receive high volumes of referrals from women who are unable to access public funds. Working with these women Humraaz has a 100/0 success rate of securing Indefinite Leave to Remain. Partnership working Humraaz has continued to work in partnership with several organisations across the violence against women and girls (VAWG) sector, working collectively where possible to share expertise, experience and create positive outcomes for marginalized suNivors. Some of Humraaz's partnership working has included the following.. Northern Consortium- continualion of neIOrk and sharing expertise. Imkaan - policy review, membership participation, netmorking, and training. Women's Aid - support, standards, policy, impact, and guidance. Confirmed Award for National Quality standard in December 2023. Idle Women - collaborative working with staff and outreach clients. Community Organisations in locality- networking at events Humraaz engaged in promoting and advocating for the service at community events focused on Health, Family, and well-being at local library, health, sports and community centres, including Re.'fresh, Brook and Age Concern All staff embarked on training with Stimulus Ltd - team building and skill development. Humraaz supported research towards the Crisis organization in relation to a Masters Dissertation in Domestic Abuse. Ongoing neork and sharing with RESIST led by BME group of the VAWG sector. The Risk Project funded by OAK Foundation and Humraaz supported research around risk assessment methods. Page 2
HUMRAAZ TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 IT Confidentiality and IT security continue to remain high on the agenda. All data is kept on the Central server and backed up daily for additional security, this is a much-improved system than the shared server previously used. IT service provision was reviewed and resourced. Staffing The CEO continued to work on raising the profile of the service, meeting commissioner5, partners, and stakeholders. The movement of team with staff turnover was prominent and so team members have been recruited into new roles to support the team with capacity. We had one team member leave. and a replacement was recruited. Volunteers for community activities and learning workshops have been supported. Premises and factlitles The Trustees and Management have ensured that all properties meet standards required by legislation and that the overall standard of décor and furnishings is high. Equipment was replaced as required. Reviewing the potential accrual for the single larger premises for refuge accommodation has been a priority. The Charity continues to lease the 2nd floor at Unity House. In-person SeiceS for the community were resumed with health and safety protocols in place. We continued to offer educational sessions for our service users from the refuge. c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT The Trustees confimi that they have paid due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the Charity should undertake. The remainder of the Annual Report explain's the Charitys work during the year and how it has been carried out for the public benefit. {See Activities for Achieving Objectives above). d. VOLUNTEERS .The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit reporting in deciding what activities the Charity should undertake. The Trustees are all volunteer5 who have continued to serve the charity, especially by contributing their professional advice when required. Meetings took place six times during the year. A core of 6 Trustees remain committed to the service. All trustees have an induction pack and priority is given to attending events whenever possible. As the majority of our trustees are young women with full-time jobs, we operate a hybrid trustee model. This ensures that each trustee has a specialist skill that Ihey bring to the board in order to support the Charity. This helps with managing capacity and concentrates individual contribution. We also have trustees who are not local to the area, however they are committed to the purpose of the Charity and virtually attend meetings with the aim of visiting in person annually. Thank you to donors, funders, supporters and the commitment and resilience of all staff. Achievements and performance . REVIEW OF ACTIVITIES Achievements and performance CEO received the John Roberts Outstanding Achievement Award 2023 Women's Aid NQS Awarded to Humraaz Spring Still l Rise Residential with Staff IASME Cyber Essentials accreditation process began The Health and Safety of residents and staff remained paramount. Procedures and policies were reviewed and adhered to in line with legal guidance. Staff have received training and met regularly to ensure high standards were adhered to. In addition to working with survivors of domestic violence as outlined above, there were a Page 3
HUMRAAZ TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 number of activities carried out as part of our community work at Unity House including the following: Wothshop with Ankita - SV art therapy Half -term activities Queen Be Me Volunteer Training Self Defence Create a Self-care Kit (Summer & Winter)Employability Skills Me Myself & Chai (new based on userfeedback) Passport to Housing Food Alliance Session Food & Fitness Reiki Set Up a Business Session Art with Banu Lancashire Mind sessionssinging Session Coffee Mornings Self Esteem Hate Crime Session Dance workshop Rebalancing Relationships Conversational English Sexual Violence Awareness & Prevention Events & Presentations Humraaz Immigration Awareness to Preston Domestic Violence Services Humraaz services including Immigration and SVA Humraaz presence at Family Health Fair Bwd North & West Self-esteem course delivered, one off workshop- requested by Zs Defence Academy Humraaz Inlroduction to Off Load Women's Group International Women's Day Event with Lancashire Women With regards to ProDIGY, our third strand offering peer support for professional Black & Minority Ethnic backgrounds, a monthly skill workshop was delivered by the various group members in person and via Zoom. This enabled reach and flexibility for participation covering a broad range of topics for professional and personal development. staff was also provided the opportunity to upskilll refresh through well-being activities, participation in residentials, and in-house training. External Funding was secured & completed as follows.. Awards For All 2022123 for ProDIGY Perspective Asda Foundation Trust one off food support Gain Ground with Idle Women -Co-create transfomiative spaces for women NISA Global Foundation 202212023 Oak Foundation with Risk Project for Risk Assessment Mechanisms Impact PCC ISVA & Immigration Advocate ongoing Opportunltles 13-bed property renovation progressed with private landlord with view to secure property and transition by the end of the financial year 2023 Recruitment of more trustees with specialist skills to support the team To explore options of creating a CIC Financial review . GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectstion that the Gharity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Page 4
HUMRAAZ TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 b. RESERVES POLICY The Trustees aim to accumulate reserves of beeen 3 and 6 months of the resources expended to enable current activities and liabilities to be met, in the event of delay in receipt of income. Total reserves amounted to £1,126,183 of which £1,116,991 were unrestricted funds (£332,000 of the unrestricted funds has been designated for fr0 purposes., 1. to purchase a buildingl utilise these funds on the new building being leased and 2. in the event that the company has to be wound up) and £1,990 represented restricted funds. c. SURPLUSIDEFICIT The Charity's financial results for the year amounted to a surplus of £157,223 (2023 - £340,991). d. PRINCIPAL FUNDING Principal funding for the charity is provided by Blackburn with Daen Borough Council for housing benefrts and Community Safety Partnership for refuge. Structure, governance and management . CONSTITUTION The charity constituted by a Trust Deed and its property shall be administered and managed by the Trustees under the name of Humraaz or by such other name as the Trustees from time to time decide and with the approval of the Charity Commission for England and Wales. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibility of the Trustee who are elected and COThOPted under the terms of the Trust deed. c. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Charity shall be run by an Executive Committee of Trustees. There shall be at least three Trustees with every future Trustee being appointed by a resolution of the Trustees passed at a special meeting. In selecting Truslees, the Trustees shall take into account the benefits of appointing a person who is able by virtue of hi5 or her personal or professional qualifications, to make a contribution to the pursuit of the objects or the management of the Charity. d. RELATED PARTY RELATIONSHIPS There are no related party transactions for the year ended 31 March 2023. e. RISK MANAGEMENT The Trustee have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. The Charity has policies and procedures in place to evaluate and effectively control most risks to the Charity. Humraaz also seeks professional guidance in relation to certain risks including Health and Safety. Page 5
HUMRAAZ TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods a. FUTURE DEVELOPMENTS Humraaz strives to continue supporting women and their children who are victims of Domestic Abuse, forced marriage and honour based violence, whilst expanding networking and promotion of the services of Humraaz. We have built on the strategy work commenced in the last financial year to clarify our mission and vision statement which will be adopted in the forthcoming year. We have been mindful of language, including staff, service users, trustee and relevant sector input when considering and selecting temis. Humraaz continues to work with the emphasis on ensuring women are fully equipped with the skills necessary to live a fully independent and integrated life. Group work and counselling services are being developed further and new ideas are being considered. Humraaz continues to promote the virtues and benefits of a specialist Service. Funding as always remains a concern as housing benefits have been reduced and the Supporting People contract may possibly suffer further cuts in the future. Currently, Humraaz has sufficient reserves to mitigate any risks for the near future. However, Humraaz will strive to appropriate additional funding in the future. The support now gained from closer involvement with Imkaan a national capacity building organisation has made a big difference to Humraaz. Work has been done on governance and strategy with the Trustees. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustee is responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustee is required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustee is responsible for keeping proper 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 him to ensure that the financial statements comply with the Charities Ad 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. He is 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. This report was approved by the Trustees, on 2g,01. 25 and signed on their beha by: Page 6
HUMRAAZ TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Trustee Trustee TRtsMTNIé MOHftfftmfv h-Nl LTTA MISFk2A Page 7
HUMRAAZ INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE OF HUMRAAZ {the'charity') I report to the charity Trustee on my examination of the accounts of the charity for the year ended 31 March 2024. This report is made solely to the charty's Trustee, as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustee those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustee as a body, for my work or for this report. RESPONSIBILITIES AND BASIS OF REPORT As the Trustee of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the 2011 Act.). I report in respect of my examinalion of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association of Accounting Technicians , which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the e*(ant regulation5 but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in Connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 8
HUMRAAZ INDEPENDENT EXAMINER'S REPORT (continuedl FOR THE YEAR ENDED 31 MARCH 2024 Signed= Dated.. 2E.O1. 2£ Courtney Wright BA FCCA CW Accountants Limited 45 Railway Road Blackburn Lancashire BBI 1EZ Page 9
HUMRAAZ STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note INCOME FROM: Donations and legacies Other trading activities Investments 454,314 510 21,704 57,007 511,321 510 21,704 699,370 1,000 5,945 TOTAL INCOME 476,528 57,007 533,535 706,315 EXPENDITURE ON: Charitable activities 310,506 65,806 376,312 365,324 TOTAL EXPENDITURE 310,506 65,806 376,312 365, 324 NET INCOME I {EXPENDITURE) BEFORE TRANSFERS Transfers beeen Funds 166,022 (16,001) (8,799) 16,001 157,223 340,991 14 NET INCOME BEFORE OTHER RECOGNISED GAINS AND LOSSES 1 $0,021 7,202 157,223 340,991 NET MOVEMENT IN FUNDS 150,021 7,202 157,223 340,991 RECONCILIATION OF FUNDS: Total funds brought forward 966,970 1,990 968,960 627,969 1,116,991 9,192 1,126,183 968, 960 TOTAL FUNDS CARRIED FORWARD The notes on pages 13 to 26 fom part ofthese financial statements. Page10
HUMRAAZ BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 11 12,500 12,500 12 77,033 1,044,872 69. 713 890, 872 1,121,905 960, 585 CREDITORS: amounts falling due within one year 13 18,222) (4, 125) NET CURRENT ASSETS 1,113,683 956,460 NET ASSETS 1,126,183 968, 960 CHARITY FUNDS Restricted funds Unrestricted funds 14 9,192 1,116,991 1.990 966,970 14 TOTAL FUNDS 1,126,183 968,960 The financial statements were approved by the Trustee on 28, 01 , zg and signed on their behalf, by.. Trustee JASNINe Molkilth The notes on pages 13 to 26 form part of these financial statements. Trustee erN) i<ITA MISFk&i Page11
HUMRAAZ STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flows from operating activities Net cash provided by operating activities 16 154,000 156,926 Change in cash and cash equivalents in the year Cash and cash equivalents brought forward 154,000 890,872 156.926 733, 946 Cash and cash equivalents ¢arried forward 17 1,044,872 890,872 The notes on pages 13 to 26 form part of these financial statements. Page 12
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared to give a 'true and fail view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP {FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities- Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. HUMRAAZ Gonstitutes a publi¢ benefit entity as defined by FRS 102. Page13
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {continued) 1.2 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable Can be measured reliably. For legacies, entitlement is taken a5 the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor{s} to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executorfs intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilitie5 are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustee's report for more infomiation about their contribution. On receipt, donated professional seICeS and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income lax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which rt is receivable and to the extent the goods have been provided or on completion of the seNlCe. Page 14
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that aclivity. Shared costs which contribute to more than one aclivity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Governance costs are those incurred in connection with administration of the charity and compliance w((h constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. Grants payable are Charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 1.4 Tanglble fixed assets and depreciatlon All assets costing more than £1,000 are capitalised. A review for impaimient of a fixed asset is carried out if events or Changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impaimient losses are recognised in the Statement of financial activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impainnent. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Long-term land Fixtures and fittings Computer equipment None SL over 4 years SL over 3 years 1.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. 1.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 15
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {continued) 1.7 Cash at Bank and in hand Cash at bank and in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.9 Flnancial instruments The charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.10 Pensions The charity makes monthly contributions into personal pension plans on behalf of the employees. Any outstanding monies due at 31 March 2022 are included in creditors. .11 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustee for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for partiGular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 16
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES Income from charitable activities 2024 2023 Grants for charitable activities Housing benefit BWD BC Community Safety Partnership Service user income DLUHC funding NRPF charges 60,534 229,189 39,500 9,709 137,088 35,301 217,640 230,365 39,500 6,611 167, 700 37,554 Total 511,321 699,370 Grantsl donations for charitiable activities 2024 2023 CAF PCC Sexual Violence other Giftsl Donations Prodigy- Awards for Al Idle Women - Gain Ground Project WAFE Champa Champions MHCLG Donations Zakat Idle Women Reimbursed charges Rosa- Women Thrive Loreal Be Me Project Household Support Scheme 44,167 40,000 3,334 40,000 9.638 5,250 1,500 29, 689 44, 620 662 2.119 2,947 10,000 10,520 16.678 8, 185 7, 500 1,365 Total 60,534 217,640 Page 17
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 EVENT INCOME Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Community fundraising/ event income 510 510 1,000 Total 2023 1,000 1,000 INVESTMENT INCOME Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Investment income 21,704 21,704 5,945 Total 2023 5, 945 5, 945 GOVERNANCE COSTS Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Governance Internal audit costs Legal and professional Renu room hire Bank charges 450 5,462 31,696 84 450 5.462 31,696 450 t5,955 30, 703 81 37,692 37,692 47, 189 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs Other costs 2024 2024 Total 2024 Total 2023 Charitable expenditure Expenditure on governance 266,172 72,448 37,692 338,620 37,692 318, 135 47, 189 266,172 110,140 376,312 365,324 Total 2023 254, 660 7 10,664 365,324 Page 18
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEI(EXPENDITURE) During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind {2023- £NIL). During the year, no Trustees received any reimbursement of expenses (2023- £NIL>. AUDITORS, REMUNERATION The Independent Examiner's remuneration amounts to an Independent Examination fee of £ 150 (2023 - £ 150). Page 19
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF CHARITABLE ACTIVITIES EXPENDITURE 2024 2023 Rates and room hire Heat, light and water Insurance Repairs and maintenance Telephone and IT costs Postage and Stationery Subscriptions Miscellaneous expenses Volunteer expenses Equipment Service user welfare expenses Staff and recruitment costs Wages and salaries National insurance Pension cost Advertising and publicity Cleaning cost 1,598 17,082 4,238 2,834 11,404 418 440 530 759 1,204 12,392 16.659 240,795 13,221 12,156 1,720 1,170 1,519 15,194 4, 139 2, 896 9,132 504 488 2,399 4,112 9, 828 11,179 231,387 12,470 10,803 1,346 739 338,620 318, 135 10. STAFF COSTS staff costs were as follows.. 2024 2023 Wages and salaries Social security costs Other pension costs 240,795 13,221 12,156 231,387 12,470 10,803 266,172 254, 660 The average number of persons employed by the charity during the year was as follows: 2024 No. 10 2023 No. Project workers Administration and financial 11 No employee received remuneration amounting to more than £60,000 in either year. Page 20
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS Long-term Fixtures and Land fittings Computer equipment Total Cost At 1 April 2023 and 31 March 2024 12,500 38,923 16,388 67,811 Depreciation At 1 April 2023 and 31 March 2024 38,923 16,388 55,311 Net book value At 31 March 2024 12,500 12,500 At 31 March 2023 12,500 12,500 42. DEBTORS 2024 2023 Other debtors Prepayments and accrued income 58,952 18,081 57, 569 12, 144 77,033 69,713 13. CREDITORS: Amounts falling due within one year 2024 2023 other taxation and social security (see below) Other creditors Accruals and deferred income 3,087 1,412 3,723 4, 125 8.222 4, 125 Other taxation and Social security 2024 2023 PAYEINI control 3,087 Page 21
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Designated funds Designated Fund - Building Designated Fund- Contingency 150,000 182,000 150,000 182,000 332,000 332,000 General funds General Funds- all funds 634,970 476,528 (310,5061 (16,001) 784,991 Total Unrestricted funds 966,970 476,528 {310,506) (16,001) 1,116,991 Restricted funds Idle Women Gain Ground Project PCC Sexual Violence L'oreal Be Me Project Idle Women Triodos CAF Awards forAII Zakat 5,250 40,000 5,250 {40,000) (434) (7,638) (7,5821 (8,459> 11,693) 434 7,638 18.419) 16,001 9,638 2,119 1,179 2,763 2,337 1.990 57,007 (65,806) 16,001 9,192 Total of funds 968,960 533,535 (376,3121 1,126,183 STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 March 2023 Balance al 1 April 2020 Transfers in/out Income Expenditure Designated funds Designated Fund- Building Designated Fund - Contingency 150,000 182, 000 150,000 182, 000 General funds General Funds 278, 600 502,529 (146, 159) 634, 970 Totsl Unrestricted funds 610,600 502, 529 (146, 159) 966, 970 Page 22
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. STATEMENT OF FUNDS (Continued) Restricted funds Rosa Women Thrive PCC Sexual Violence MHCLG CSP L'oreal Be Me Project Idle Women Triodos CAF Champa Champions Project Household Support Scheme Comic Relief Rosa- Women Thrive Rosa- COVED Zakat 16,678 40, 000 44, 620 8.185 10,000 44,167 29, 689 7,500 (16,678) (40, 000) (44, 620) (7, 751) (2,362) (46, 703) (29, 689) (7,500) (20.202) (166) (2, 884) {610) 434 7, 638 (8,419) (5,883) 20,202 166 2, 884 2,947 2,337 17,369 203, 786 (219, 165) 1,990 Total of funds 627, 969 706,315 (365,324) 968,960 SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expendlture Designated funds General funds 332,000 634,970 332,000 784,991 476,528 (310,506) (16,001) 966,970 1,990 476,528 57,007 (310,506) (65,806) {16.001) 1.116,991 16,001 9,192 Restricted funds 968,960 533,535 1376,312) 1,126,183 Page 23
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. STATEMENT OF FUNDS (Continued) SUMMARY OF FUNDS- PRIOR YEAR Balance at 31 March 2023 Balance at 1 April 2020 Income Expenditure Designated funds General funds 332,000 278, 600 332,000 634, 970 502, 529 (146, 159) 610,600 17,369 502,529 203, 786 (146, 159) (219, 165) 966,970 1,990 Restricted funds 627,969 706,315 (365,324) 968,960 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 12,500 1,112,713 {8,2221 12,500 1,121,905 (8,222) 9,192 1,116,991 9,192 1,126,183 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrostricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 12,500 958. 595 (4, 125) 12,500 960, 585 (4, 125) 1, 990 966,970 1, 990 968,960 Page 24
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the year (as per Statement of Financial Activities) 1 $7,223 340, 991 Adjustment for: Increase in debtors Increasel{decrease) in creditors (7,320) 4,097 (59,938) (124, 127) Net cash provided by operating activlties 154,000 156,926 17. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash in hand 1.044,872 890, 872 Total 1,044,872 890,872 Page 25
HUMRAAZ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. PENSION COMMITMENTS The charity makes monthly contributions into personal pension plans on behatf of the employees. There were £1,412 outstanding monies due at 31 March 2024 (£O- March 2023) included in creditors. 19. RELATED PARTY TRANSACTIONS There are no related party transadions for the year ended 31 March 2024 Page 26