Charlty registration number 1114639 Company registratlon number 05761174 (England and Walés) HUMANITAS CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 SEPTEMBER 2024 Caladine Chartered Certified Accountants
HUMANITAS CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trtee8 Swade R Mom8nl Ecox S•crntary S Wade Charlty number 1114639 Company number 05781174 Prlnclpal addr••• 318u¢kl8rsbury Hltchin Hertfordshlre SG51BG Rtglstored offlce 318ucklersbury Hitchin Hertfordshire SG51BG Indèpendent ex•mlner John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1 BF Bank•rg CAF Bank Llmlted 25 Klngs Hlll Avenue Kings Hlll West Malling Kent ME19 4JQ Soll¢ltors Mayo Wynne Baxter 3 Bell Lane Lewes East Sussex BN7 1JU
HUMANITAS CHARITY CONTENTS Page Trustees, report ststement of Trustees, responslbllities Independent examine8 report ststement of financlal aotivltles ststement of finandal posltlon Statsment of cash flows 10 Notes to the financlal slatements
HUMANITAS CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 28 SEPTEMBER 2024 MESSAGE FROM OUR CO-FOUNDER AND CHIEF EXECUTIVE There have been many highligh15 over the past year, but the stsndout for me has been the extension of the orphanage near our school in Ghana. As I write, the interior of the orphanage is being completed and Ihe Ilves of 125 orphaned children are sel to change beyond comprehension. Over the coming months these children will move from dark, cramped, dlrty rooms wlth broken beds to a brand-new home that allows them to live in comfort and with dignity. Witnessing the transformalion of the space first hand has been an absolute joy 9nd knowing the difference that It will make to the lives of the children who have suffered so muth in their short lives is truly humbling. This year has seen a number of changes to the way that we operate. In a concerted effort to maximlse our reach and impact we have partnered with Wodd Extreme Medicine Fund (WEMFI to advance our collective efforts to offer medical assistance and medical training to people affected by war and natural disaster. By joining forces, we are reducing the amount of time and money spent on administratlon and compliance and are able to focus on the people and places that urgently need our help. At present our efforts are focused on raising funds for medlcal assistance In Ukraine, but we aim to expand this work to other countries as the partnershlp develops. This Is a model that we are seeking to replicate In future to enable more like-mlnded groups to undertake and expand their charitable actlvities under the auspices of Humanitas, relieving them of the burden of establishlng their own charltable organisations. With thls in mlnd we have made some changes lo our registration with the Charity Commlssion to allow us to broaden the scopè and reach of ourfuture work. In furtherance of our mission to Streamllne our back office, we have taken the decision to move all donatlons Into our general fund to contribute to all of the projects that we run. Comfflunlcation wa5 sent out to our donors Infomiing them of the planned change and In September we closed the restricted funds for regular donations. By doing thls we wlll save tlrne and resources managing one fund instead of rnany, and our supporters will continue to hear about the progress of all of the projects that we run. Before I close, I would like to express my sincere gralltude to 811 of the individuals, companies, and trusts who have enabled us to positively Impact the Ilves of so many ihis year. With your continued backing, and the hard work and passion shown by the Humanilas staff her8 In the UK and overseas, l am ¢onfidenl that we Can positively change more lives together in the year ahead. Sarah Wade CEO and Founder The Trustees present thelr report and financlal slatements for the year ended 28 September 2024. LEGALAND AOMINISTRATIVE INFORMATION The financial statements have been prepared In accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "AccountiTrg and Reporting by Charilies.. Statement of Recommended Practlce appllc8ble to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effectlve 1 January 2019)" Publlc beneflt The Trustees have paid due regard to guidance issued by the Charity Commission in decidlng whal activities the Charity should undertake. Objectlves and actlvitles MISSION STATEMENT We exist to empower disadvantaged communities around the world. to improve the quality of their lives and enable greater opportunity for social, economic and environmental advancement.
HUMANITAS CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED> FOR THE YEAR ENDED 28 SEPTEMBER 2024 OBJECTIVES To promote and advance charitable giving forthe benefft of communities and countries around the worfd. We are dedicated to making a langible impact where il is needed the most. Led by a team of humanitarian expert5 we focus on direct engagement with communities in need, ensuring that every donation goes towards making a meanlngful difference on the ground. We're all about impact over ImpSSIOnS and we are passionate about enabllng grassroots org8nisatlons and community groups to focus their time and effort on supporting the people they wish to help, and not on charlty administration. As well as our own projects, we offer hard-working, like-minded groups the ability to operate under the auspices ofthe charity so that we can maximise the number of people that we help. HOW WE DO IT We run projects around the world and collaborate with like-minded organisattons to address the presslng needs in the countries where we operate. We work alongside deprived. rural communllles around the worfd to ensure that chlldr8n and young people have a home, h881thcare and an educallon. Our medlcal profe8slonals and volunteers offer Ilf88aving treatrnent and medical Irainlng In regions thal are affected by war or natural dlsaster. We are committed to ensurlng that our projects are not contributing to the degradation of our planet and seek to find environmentally frlendly and sustainable solutions to the Issues that we are trying to address. Achlevements and perfornianco THE IMPACT OF OUR WORK IN 2023.24 Caring lor orphaned and abandoned chlldr•n In Romanla Our schools in Ghana are thriving, and our lunlor high 1$ now at full capaclty, educating 285 students includlng chlldren from the local orphanage. Our partners at Book Ald International have committed to providing 1,000 addltional books for use in our library and at the orphanage which will be B huge boost for the chlldren who will be able to read at home and al night before they go lo bed. Thanks to Ihe Maiden Factor Foundation we have also been able to buy science sets to improve teaching and learning in this sublect. The sets can be used multiple times by pupils and will be of huge benefit to our current cohort a5 well as those who wlll study with us in future. We hope to ignite a passion for science through the activities and experiments that our pupils will be able to carry out using the kits. Thls year we welcomed our first physically disabled child into our school. There is still considerable stigma attached to people with disabilities in the Tural regions of Ghana, and most are not accepted into mainstream schools. For rnany there is very little prospect of living 8 fulfilling and stimulating life and they live on the fringes of society. Naomi was bom paralysed from the waist down and has spent her life shuffling around on the ground or being carried on her mother's back. This was painful for her, so she was mostly CDnfined to sitting on her own oulside her home. We felt compelled to do something lo help and. thanks to a generous dDnor, she now has her very own theelchair and is able to travel around the village and get to our school. She is having private lessons twice a week so that she can catch up with the other children her age, and it is a huge understaternent to say that Naomi's life has thanged for the better. She now has a quality of lrfe and opportunities that her family never thought possible and has been accepted into the school communty.
HUMANITAS CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 A huge achievement this year has been the build of an all-weather sports pitch at our high school in Ayensuako. Now over 100 children are enthusiastlcalty making use of the sports pitch every day, and are being taught to play volleyball, football, tennis and handball. The ground has already hosted Iwo sports camps where we have brought sports teachers from the capital lo run intensive training sessions. These camps will continue to take place three tITnes a year to improve the standard of play. The children have shown such drive and enthusiasm to learn, and we are extremely proud to report that eleven of our pupils have eamed places in the county football team, which has never happened before. The ground Is also being used to host tournaments and matches and the standard of play is increasing all the time, with some Children showing potentlal for being awarded university sports scholarships in future. Our IT room is being used daily by up to Iwenty pupils at 8 time and our pupils, most of whom had never used a computer before, are being taught how to use programmes and systems by a specialist IT teacher. The sewing skills centre houses 15 sewing machines, a knitts'ng machine, and an industrial sewing machine. The centre 15 used every week by over 50 secondary school age children who are trained to make their own school unifomis and clothing. and 35 women who live in the village. The centre offers the women the opportunlty lo make use of the space after they have completed their course, and some have started their own businesses. Thls year we Invlt8d specialist8 from th8 French Agrlculture Instltute to vlslt our school tsrm and the farms In the area to Improve local knowledge on how to dlversify thts Crops that are grown, and to Inlroduce the community to organic farmlng methods whl¢h reduce the need for chemicals. We are also Involved wlth a larger agri¢ulture group In Ghana who are educaling rural farmers on the dangers of GMO crops. Rural farmers in Ghana are al risk of exploltation by mulllnational GMO suppliers and we cannot slt by and watch this happen. Our pupils help to grow maize and corn on land next to the schools whlch Is harvested and used to make their school dinners. This farmlng initiative has been a huge success wlth more productlve use of the land, a greater dlversification of crops and less money spent on ir)gredlents to make the school dinners. Last year we opened our 8chool kitchen to enable us to offer school dinners to our pupils, most of whorn were coming to school exireme hungry and were unable to concentrate in class. We continue to employ local people lo work In the kitchen and our pupils continue to benefit from eating a warm, nourishlng meal every day, In Romanla we continue to SUPPOrt the foster families that are carlng for the children and young people that were Ilving In our Safe Homes. Some of the young people are attending malnstream school and college and have the potentlal to work and live Independently in future, somethlng that would not have been posslble without our Intervention, Looklng ahead We are fvlly committed to supportlng the communitles and regions that we have worked alongslde for many years, as well as opening up opportunities to help other communities and regions through new partnerships 8nd collaborations. Our school farming prolect is one Ih8t we are seeklng to repllcate in the Ioc81 community. Many families exlsl on one meal of fermented cassava each day, which has very little nutritional value. Children are malnourished and as a result are prone to contracting illnesses and diseases such as dysenlery and malaria. Llke many essentlal commodlties, food prices In Ghana are continualty fluctuating and it is extremely dlfficult for families to budget for food. There Is a desperate need for these families to earn a living that enables them to live beyond the level of suniival, but they do not have the means to buy land orfarming equipment. We have acquired seven acres of famland in the local area, and with additional fvnding we plan to divide the land into 49 separate plots. There are many widows living in the village with children and thelr need is greatest which is why they will be given first refusal. The iemaining plots will enable the expansion of our exisling school famiing programme, reducing the annual spend on ingredients for school dinners. Each family will be responsible for planting and cultivating Ihelr land and they wlll sign an agreement with Humanita5 to ensure that each plot is well utilised.
HUMANITAS CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 The famiers will also be given basic lools, fencing and Seeds as well as infomation on crop diversificatlon and successful farming methods to equip them with the knowledge to rnaximise thelr crop yields. We will also encourage a cooperative style way of working so that farmers can swop crops so that everyone has a variety of foods lo consume. The impact of this project is far-reaching and multi-faceted, providlng members of the communty with a means to eam money, to feed thelr families with nutritional and diverse foods and for our school children to learn new farming techniques and contribute to the running of the school kitchen. The farrners could potentially set up their own stalls in the community to sell their produce, glvlng people the opportunity to buy a variety of produce in the village rather than travelling fvrther afield. We are looking forward to working along8lde World Extrerne Medicine Fund to Strengthen our efforts to support people in Ukraine and around the wodd. We are keen to use this partn8rship model in future, to h05t other Ilke- minded grass roots organisation8 and expand our re8ch and impact for the greater good. Flnanclal rnvlew Our work has a strong appeal to indivldual and Trust funders who are committed lo seeing the direct impacl of their giving and the positive changes they can make to Indivldual lives. As an ambitious, grassroots charty we have an unshakable sense of responslbility for the fijnds that we secure and an obligatlon to ensure that any donation$ made lo the charity are us8d to benefit as many beneficiaries as posslbl8. During the year ended 28 September 2024 we recelvèd a totsl of £171,392 In grants and donatlons (including associated gift ald). Of these £103,754 were for specified restricled funds enabllng us to dlsburse some £67k in aid a8 detsiled In note 6. Overall, there was a deficit on the General Fund for the year after transfers of £43,530 12023.. 5urplu8 £8,726) leaving a balance carried forward at 28 September 2024 of £38,605. Fund balances of £nil are carried forniard at 28 September 2024 on restricted funds. R8senies policy It is the pollcy of the Charlty thal unrestricted funds which have not been designated for a specific use should be malntained at a level equivalent to three months expendlture. Major risks The Trustees have assessed the major rfsks to which the Charlty Is exposed, and are satisfied that Systems are in place to mlligate exposure to the major risks. Structure, governance and management The Charity is a company limited by guarantee and is registered wlth the Charity Commission {Charity number 1114639}. The Charity is managed by a Board of Trustees with a breadth of skills and experlence. The Trustees, who are also the directors for the purpose of company law, and who served during the year were.. S Wade R Momenl Ecox Recruitment and appointment of truste8S All of whom are eligible for re-election and will be proposed for re-electlon at the next Annual General Meeting. None of the Trustee5 has any beneficial interest in the company. All of the Truslees are member5 of Ihe company and guarantee to contribute £10 in the evenl of a winding up.
HUMANITAS CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Organis8tional structur8 The Trustees agree that the CEO 15 given the authorfty to represent the Charity on it5 behalf on all matters of day to day management. Our operational and fundraising activities are managed from the Hitchin office., thls is also the base from which we raise awareness of our cause. Our programm8s are directly managed on the ground by our senior management team under the leadership of our Chlef Executive who is accountable to the Board of Trustees. We employ professional staff In Ghana and Romania to help deliver our prolects on thé ground. The Trustees would Ilk8 to thank the staff of Humanrtas for thelr commitmenl, dedication and hard work, vthlch has enabled us to operate effectively, efficiently and with care and respect for all our beneficiarles and partners. More infomiation about the charlty can be found at www.humanitascharity.org The Trustees, report was approved ty the Board of Trustees. S Wade Tru8te• Date: .. 6th December 2024
HUMANITAS CHARITY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 28 SEPTEMBER 2024 The Trustees, vtho are also the dlrectors of Humanltas Charity for the purpose of cornpany law, are responsible for preparlng the Trustees, Report and the flnancial statements In accordance with applicable law and Uniled Kingdom Accounting Standards {United Kingdom Generally Accepted Accountlng Practice). Company Law require5 the Trustees to prepare financial statements for each financial year whlch give a true and fair view of the state of affairs of the Charity and of the incoming resources and appllcalion of resources, including the Incorne and expendlture, of the charitable company for that year. In preparlng these flnanclal statements, the Trustees are requlred to: select suitable accountlng policles and then appty them conslstently,, - observe the methods and prln¢lples In the Charltles SORP; make Judgement8 and estlmates that are reasonable and pwdent., slate whether appllcable UK Accountlng Standards have been followed, subject lo any materlal departures dlsdosed and explalned in the financial statements. and prepare the financial statements on the going concem basls unless It Is Inappropriate to presume that the ChaTIty will contlnue in operation. The Trustees are responsible for keeplng adequate accounting records that disclose with reasonable accuracy at any tiffle the financlal position of the Charity 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 Charity and hence for taklng reasonable steps for the preventlon and detedion of fraud and other Irregularitles.
HUMANITAS CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HUMANITAS CHARITY I report to the Trustees on my examlnatlon of the financial ststements of Humanltss Charity (the Charity) for the year ended 28 September 2024. Responslbllltles and basls of report As the Trustees of the Charity land 8150 its dlrectors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act}. Having satisfied myself that the financlal statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Chanty's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable directlons given by the Charlty Commlssion under 5ectlon 14515)(b) of the 2011 Aci. Independent examlnar's Statement I have completed my examlnation. I confirm that no matters have come to my attention in connecllon with the examination giving me cause to belleve that In any material respect.. 8ccountlng records were not kept in respect of the Charity as required by sectlon 386 of the 2006 Act. or the financial statements do not aG¢ord with those records., or the financial statements do not comply wlth the accounting requirements of section 398 of the 2006 Act other than any requirement that the accounts give a true and fair vlew which Is not a matter consldered a5 part of an Independent examinatlon., or the financlal statements have not been prepared In accordance with th8 methods an(1 principles of the statement of Recommended Practlce for accounting and reporting by charftles applicable to charities preparlng their accounts in accordance wlth the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102). I have no concems and have come across no other matters In connection with the examination to whlch attention should be drawn in th[8 report in order to enable a proper understsndlng of the finarjclal slat8ment5 to be reached. John Caladine FCCA CTA FCIE Caladine Ltd Chartered Certlfled Accountants Caladlne Limited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Dated= 611212024
HUMANITAS CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 SEPTEMBER 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlctsd Regtrlcted fund¥ fundg 2023 2023 Total 2024 2023 Notes Income from: Donatlons and legacies Investments 67,638 1,143 103,754 171.392 1,143 91,165 115,087 206,252 864 Total Income 68,781 103,754 172,535 92,029 115,087 207,116 Expendlture on". Raising funds Charitable activities 13,110 126,119 1,132 81,443 14,242 207,562 24,028 32,759 1,366 178,437 25,394 211,196 Total expendltur• 139,229 82,575 221,804 56,787 179,803 236.590 Net Incomel{expendlture) (70,448) 21,179 (49,2691 35,242 164,718) (29,474) Transfers between funds 26,918 (26.918) 128,516) 26,516 Net movement In fund8 (43,530) {5,739) {49,269) 8,728 138,200) 129,474) R•conclllatlon of fund•'. Fund balances at 29 September 2023 82,135 5,739 87,874 73,409 43,939 117,348 Fund balances at 28 S•ptember 2024 38,605 38,605 82,135 5,739 87,874 The statement of financial activities Includes all galns and losses recognised in Ihe year. All income and expenditure derive from contlnuing activlties.
HUMANITAS CHARITY STATEMENT OF FINANCIAL POSITION AS AT 28 SEPTEMBER 2024 2024 2023 Note5 Flxed assets Property, plant and equipmenl Investments 12 13 Current assets Trade and other receivables Cash at bank and In hand 14 340 44,114 2,838 88,831 44,454 (5,850) 91,669 (3,796) Current Ilabllltie8 15 Net curr•nt assets 38,604 87.873 Total ••••ts le88 current Il•bllltl•8 38,605 87,874 The funds of the Charlty Restricted Income funds Unrestricted funds 16 17 5,739 82,135 38,605 38,605 87,874 The company Is entitled to the exemption from the audlt requirement contalned In section 477 of the Companles Act 2006, for the year ended 28 September 2024. The directors acknowledge their responsibilities for comptylng with the requlrèments of the Companies Act 2008 wlth respect to accountlng records and the preparatlon of finan¢l81 statements. The members have not requlred the company to obtain an audit of Its financl81 Statements for the year In question In accordanoe wlth section 476. These flnancial statements have been prepared in accordance with the provislons applicable to companies subject to the small companies regime. 6th December 2024 The financlal statements were approved by the Trustees on ...............-.. S Wade Trustee Company registratlon number 05761174 (England and Wales)
HUMANITAS CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 SEPTEMBER 2024 2024 2023 Notes Cash flows from operating actlvltles Cash absorbed by operations 21 (45,860) (29.990) Investing activltlos Investment income received 1,143 N•t cash generated from Investlng actlvltles 1,143 Net docrease In ¢•sh and ca9h equlvalents {44,7171 (29.126) Ca8h and cash equlv8lents at beglnnlng of year 88,831 117,957 Cash •nd cash oqulvalent8 •t •nd olyear 44,114 88,831 10-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 SEPTEMBER 2024 Accountlng policies Company Inforniatlon Humanitss Charity is a private company limited by guarantee incorporated in England and Wales. The registered office is 31 Bucklersbury, Hltchin. Hertfordshire, SG5 18G. 1.1 Accountlng conventlon The financial stalements have been prepared in accordance with the Charlty's Memor8ndum of Assodatlon, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" The Chartty is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In sterling, which is the functional Gurrency of the Charity. Monetsry amounts in these financlal stalemenls are rounded to the nearest £. The financial statements have been prepared under the hlstorlcal cost conventlon. The principal accounting poIiGle5 adopted are set out below. 1.2 Golng concern At the tlme of approving the financial statements, the Trustees have a reasonable expectatlon that the Charlty has adequate resources to contlnue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the golng concern basis of accounting in preparing the financial st8ternents. 1.3 Charltable fund8 Unrestricted funds are available for use at the discretlon of the Trustees in furtherance of their charliable objectlves unless the funds have been designated for other purposes. The Charlty operates a general fund which encompasses the core work. The charity sets aslde monles given generally for Its partner charlty Romanlan Rellef, which It has declded to use lor children being looked after by Romanlan Relief In their Safe Home5 Project and therapy cenlres. Monies are also glven to fund an operatlonal educational project in Ghana, Restricted funds are used for the specfflc purposes as laid down by the donor, Expenditure which meets this criteri8 is charged to the fund together with a fair allocatlon of management and support costs. The following restricted funds are in operation= Ukralne This fund was created in 2021-22 lo alleviate suffering caused by the war in Ukraine. Most of the funds raised are being distributed through partner charty Romania Relief. Safe Hornes Providing safe homes for orphaned and abandoned children with disabilities and special needs, which the charity glves grants for. Ghana This is a project called Education Matters, relatlng to a school and a library for children in a remote village in Ghana. Crisis Appfral Crisis appeal is a fund for the Coronavirus impact on the children we work wilh in Romania and Ghana. The funds are distributed between the projects in Ghana and Rornanla. 11
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Accountlng pollcles IContlnu•d) Advocacy A project of rising awareness of our cause by promoting the Idea of 'knre are all human here" through small events and sale of t-shirts and canvas bags. During the year the decision was made to transfer all Restricted funds to Unrestricted fund8 to streamline the back office administration and to gather all donations in the general fund to contribute to all projects supported by the charity. 1.4 Income Income is recognised when the ChaTIty is legally entltled to It after any perfomiance condillons have been met, the amounts can be measured reliably, and it Is probable Ihat Income will be received. Cash donations are recognlsed on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donatlons received under Gift Aid OT deeds of covenant is recogni5ed at the time of the donation. Legacles are recognlsed on recelpt or otherwise If the Charity has been notified of an Impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy Is treated as contingent asset. Donated goods and seNlces are recognised as income when the charity has control over the item, any conditions associated with the donated item have been Met, the receipt of economlc beneflt from the use by the charity of the item is probable and that economlc benefit can be measured reliably. 1.5 Expendlturo Expenditure Is recognlsed once there is a legal or constructlva obllgation to transfer economlc benefit to a third paty, it is probable that a transfer of economic benefits will be requlred in settlement, and the amount of the obllgatlon can be measured reliably. Expendlture is classlfied by activity. The costs of each actlvity are made up of the total of direct Costs and sh8red costs. including support costs involved in undertaking each activity. Direcl costs attributable to a single activlty are allocated directly lo that activity. Shared costs whith contribute to more than one activity 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 cost5 are allocated on the basis of tirne spent, and depreciation charges are allocated on the portion of the asset's use. Resources expended are recognised in the perlod in which they are incurred and allocated tD the particular cost centre to which they relate. Resources Include Irrecoverable VAT. Charitable actlvltles expenditure comprises those costs inCued by the Charity in the delivery of its activities and seTvlces for its beneficiarles. Govemance represents the strategic and legal costs of the Charity. 1.6 Property, plant and equlpment Propety and equipment are initially measured at cost and subsequently rneasured at cost or valuation, net of depreciation and any impairment10sses. Deprecialion Is recognlsed so as to Write off the cost or valuation of 855ets less their residual values over their useful lives on the following basis.. Fixtures, fittings and equipment 25 % on a straight line basis (fully depreciated) 12-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Accountlng pollcles (Continued) The galn or10ss arlslng on the disposal of an a55et is detemiined a5 the difference betreen the sale proceeds and the carrying value of the asset, and is recognised in Ihe statement of financial activities. Fixtures, fittings and equipment costing less than £500 are not capitalised. 1.7 Non4urrent Investments Flxed asset investments are Initl81ty measured at transactlon price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognlsed in net incomel(expendlturel for the year. Transaction costs are expensed a5 incurred. A subsidiary is an entity controlled by the Charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. 1.8 Ca8h and ¢a•h •qulvalents Cash and cash equivalents Include cash In hand, deposits held at call with banks, other short-term liquld Inveslmenls wlth orlglnal maturltles of the months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitles. 1.9 Flnancial Instruments The Charity has elected to apply the provlslons of Section 11 'Baslc Financi81 Instrumenls, of FRS 102 to all of its financial instruments. Financial instruments are recognised In the Charity's balance sheet when the Charity becomes party to the contractual provSsions of the instrumenl. Financial assets and liabilities are offset, with the net amounts presented In the financlal statements, when there is a legally enforceable right lo sel off the recognlsed amounts and there is an intenllon lo settle on a net basls or to realise the asset and settle the Ilablllty slmultaneously. Baslc flnancial •ssets Basic financial assets, which Include trade and other receivables and cash and bank balances, 8re Snitially measured at transactlon price including Iransaction costs and are subsequently carried at amortised cost uslng the effective interest method unless the arrangement wn5titutes a flnancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of Interest. Financial assets classified as recelvable withln one year are not amortised. Baslc financial liabilitles Basic financial liabilitles, including trade and other payables and bank loans are Initially recognised at transaction prlce unless the arrangement constitutes a financing transaction, where the debl instrument is measured at the present value ol the future payments discounted at a rnarket rate of interest. Flnancial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or SeiceS that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, Ihey are presented as non-current liabllities. Trade payables are recognised initially at transaction price and 5ub5equently measured al amortised cost using the effective interest method. Dérecognition of flnancial liabilitles Financial liabilities are derecognised vthen the Charity's contractual obligations expire or are discharged or cancelled. 13-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Accounting policles IContlnu8d> 1.10 Employe• beneflts The Gost of any unused holiday entltlement is recognised in the period In which the employee's Services are received. Temiinatlon benefits are recognised immediately as an expense when the Charity is dernonstrably committed to temiinate the employment of an employee or to provlde temiination benefits. Donatlon8 and grants Unre8trlctod Restricted fund8 fund• Total Unrestricted funds Restrlcted funds Total 2024 2024 2024 2023 2023 2023 Donations and glfts Grants Donated good8 and servlces 47,850 1,000 59,689 43,988 107,539 44,988 58,803 31,964 73,887 25,500 130,690 57,464 18,788 77 18.885 2,398 15,700 18,098 67,838 103,754 171,392 91,165 115,087 206,252 Income from Inv••tment8 Unre8trl¢ted Unrmtrlthd fund8 fund8 2024 2023 Interest recelvable 1,143 864 Ral•lng funds Unrestrlcted Re8trlcted funds funds Total Unrestricted fijnds Restrlcted funds Total 2024 2024 2024 2023 2023 2023 Fundraisin Consultancy other fundraising costs nd ublicl 11,740 1,370 11.740 2,502 20,084 3.944 20,084 5,310 1,132 1,366 13,110 1,132 14,242 24,028 1,366 25,394 14-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Expenditure on charltable activities Charltable Expgndlture Charilable Expendlture 2024 2023 Dlrect costs Staff costs Depreciation and Impaimient Rent Consultancy Medical equipment and medicine5 other- actlvities Computer supplles and services Mi5cpllaneous Office supplies Travel and accomodallon Subscdptlons 45,000 45,217 667 17,550 33,853 1,097 2,938 1,114 649 770 9,608 1,449 46.355 1,362 1,270 692 638 6,137 1,237 114,026 103.e31 Grant fundlng of activitles (see note 6) 67,429 102,724 Share of support and governance costs (see nots 7) Support Govemance 705 25,402 855 3,986 207,562 211,196 Analysls by fund Unrestrlcted funds Restricted funds 126,119 81,443 32,759 178,437 207,562 211,196 15-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Grants payablo Charltable Expenditure 2024 Charltable Expenditure 2023 Grants to inslitutlons.. Humanitas Ghana Romanlan Relief (Safe Homes and Foster Care) Romanian Relief Icrlslslother) Romanian Relief (Ukrainel Donated goods 54,201 40,203 31,360 335 15.461 15.700 10,037 84,573 102,724 Grants to Indlvlduals 2.856 87,429 102,724 Support co8t8 allocated to actlvSt1•8 2024 2023 Insurance Govemance Costs 705 25,402 855 3,986 26,107 4,841 Charitable Expenditure 26,107 4,841 2024 2023 Governance costs comprlse: Accountancy Legal and professional Independent Examinatlon Consultancy Bank Charges 2,240 2,480 566 940 22,113 109 25,402 3,988 The Independent Examination fee included with Govemance costs is £940 (2023.. £940). 16-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 Net movement In funds 2024 2023 The net movement in fund5 IS stated after chargingl(crediting)'. Depreciation of owned propety, plant and equipment Tru6tee• Trustee Sarah Wade received Temunèratlon of £45,000 (2023'.£45,000) during the year and reimbursed expenses of £NII (2022.. £500). Trustee Ramlz Momeni received consultancy fees of £Nil (2022:£9,0001. Donatlons from Trustees and related partles during the year amounted to £1,350 (2022.. £1.730). 10 Employee8 The average monlhly number of employees during the year was.. 2024 Number 2023 Number Charlty Support and AdministratSon Employfflent C08ts 2024 2023 Wages and salarles Sodal security costs 45,000 45,000 217 45,000 45,217 There wère no employees whose annual r8muneration was mor8 than £60,000. Remuneratlon of key m4nag¢m•nt porsonnel 2024 2023 Aggregate compensation 45,Ix)o 45,217 11 Taxallon The charity is exempt from tsxation on its activities because all its income is applled for charilable purposes. 17-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 12 Property. plant and •qulpment Flxiures. ffttings and •qulpm•nt Cost At 29 S8Ptember 2023 3,592 At 28 September 2024 3,592 Depraclatlon and Impalmient At 29 September 2023 3,592 At 28 September 2024 3,592 Carrylng amount At 28 September 2024 13 Flxed a88•t Invfrstments Other Inve8lments Cost or valuatlon At 29 September 2023 & 28 September 2024 C•rylng amount At 28 September 2024 At 28 September 2023 2024 2023 Other investments comprlse.. Notes Investments in sub81diaries 20 14 Trade and other recelvables 2024 2023 Amounts falllng due wlthln one year: Trade receivable5 Other receivable5 340 338 2,500 340 2,838 18-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 15 Current Ilabllltles 2024 2023 Other taxation and social security Trade payables Other payables Accruals and deferred income 757 1,118 2,247 1,728 1,118 86 1,728 5,850 3,796 16 Restrlcted funds The Income funds of the charlty indude restrided funds - see note 1.3 for a full explanation of each fund. The following are details of unexpended balances of donatlons and grants held on trust for specific purpose8'. At29 8optember 2023 Incomlng rnsources Resources •xpended Transfers At28 Soptember 2024 Ukraine Safe Homes Ghana Cri8ls Appeal Advocacy 5,494 15,494> 121,747) 568 (163) 182) 25,710 78,044 {3,963) (78,612) 163 82 5,739 103,754 {82,5751 (26,918) Prnvlou8 year: At29 September 2022 Incomlng resources Resourcea expended Transfers At28 September 2023 Ukraine Safe Homes Ghana Crisis Appeal Advocacy 32,640 5,443 5,416 163 277 1,330 35,385 78.209 {28,4761 146,839) {104.1301 5,494 6,011 20,505 163 82 163 1358) 43,939 115,087 179,803 26.516 5,739 Notes - 2024 During the year the decision was made to transfer all Restrlcted fijnds to Unrestricted fijnds to streamline the back office administration and to gather all donations in the general fund to conlTFbute to all project5 SUPPOrted by the charity. Note- 2023 Transfers were made from the General fund to the Ghana fund and Safe Homes fund to cover the deficit arising in the year. 19-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 17 Unrestrlcted funds The unrestricted lunds of the charlty comprise the unexpended balances of donations and grants which are not Subject to specific conditions by donors and grantors as to how they may be used. These include designated funds whlch have been set aslde out of unrestrlcted funds by the trustees for specific purposes. At29 September 2023 Incomlng resources Resourc68 expended Tran8fers At28 September 2024 Refugee Project General funds 1,037 81,098 (1,037) 27,955 68,781 1139,229) 38,605 82,135 68,781 (139,2291 26,918 38,605 Pr•vlou• y•ar: At29 Sèptember 2022 Incomlng r•gources Resources ¢XP8nded Transfers At28 September 2023 Refugee Project General funds 1.000 91,029 1371 (56,7501 963 81,172 73,409 {26,518) 73,409 92,029 56,787 126,516) 82.135 Refugee Project This is a Crisis Fund to enable us to respond efficiently to exlstlng refugee crlsls and future humanitarian emergencies. This is now combined with the General Fund. 18 Analy818 of net a••ets betwoon fund• Unrastrlcted funds 2024 Rostrlcted fund 2024 Total 2024 Fund balances at 28 Septèmber 2024 are reprnsented by: Investments Current assetsl{liabilities) 38,604 38,604 38,605 38.605 -20-
HUMANITAS CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 SEPTEMBER 2024 18 Analysis of net assets between funds (Contlnued) Unrestrlcted funds 2023 Restrlcted funds 2023 Totsl 2023 Fund balances at 28 Septomber 2023 are represented by: Investments Current assetsl(liabllltl&s) 82.134 5,739 87,873 82,135 5,739 87,874 19 Related party transactlons There wer8 no related paty transactlons In the year. 20 Sub8ldlarle8 Details of the Charlty's subsldlarles at 28 September 2024 are as follows.. Name of undertaklng Regl8terod offlce Nature of bu8lneJg Class of % Held Jharol held Dlrect Indlrnct Humanitas Boutique Ltd England Busines8 Ordlnary 100.00 21 Cagh generatèd from operations 2024 2023 Defidt for the year (49,269) 129,474) Adjustments for= Investment Income recognlsed In st81ement of financlal activities Depreciation and impairmBnt of propety, plant and equlpment {1,143) (864) 867 Movements in worklng capital.. Decrease in trade and other recelvables Increasel(decrèasèl In trade and other payables 2,498 2,054 18 (337) Cash absorbed by operations 145,860) (29,990) 22 Analysls of changes In net funds The Charity had no material debt during Ihe ye8r. 21