## **HUMAN CARE INITIATIVE** **(A COMPANY LIMITED BY GUARANTEE)** **REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** **Company No: 7450175 Charity No: 1142454** **ABACUS PARTNERS (LDN) LLP CHARTERED CERTIFIED ACCOUNTANTS UNIT A, ABBOTTS WHARF 93 STAINSBY ROAD LONDON E14 6JL** **HUMAN CARE INITIATIVE (A Company Limited by Guarantee)** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |CONTENTS|Page| |---|---| |1. Information|1| |2. Directors'/Trustees' Report|2 - 6| |3. Independent Examiner Report
|7| |4. Statement of Financial Activities
|8| |5. Statement of Financial Position
|9| |6. Notes to the Financial Statements
|10 - 12| ## **HUMAN CARE INITIATIVE** **(A Company Limited by Guarantee)** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## Company Information Directors/Trustees Mr A D M Younus Chairperson Mr M Asaduzzaman Secretary Mr M A Rahman Treasurer Company number 7450175 Charity number 1142454 Principal and Registered Office 2[nd] Floor 116 Cavell Street London E1 2JA Independent Examiner Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL Banker Metro Bank 117-121 Bishopsgate London EC2M 7PP ## **HUMAN CARE INITIATIVE** ## **(A Company Limited by Guarantee)** ## DIRECTORS'/TRUSTEES' REPORT For The Year Ended 31 March 2022 The trustees, who are also the directors of the company, are pleased to present the report and the Financial Statements for the year ended 31 March 2022 to comply with the requirements of the Charities Act 2011 and the Statement of Recommended Practice (SORP) for charities. ## **Governing Instrument:** The company/charity’s objects and regulations are regulated by Memorandum and Articles of Association adopted 25 March 2010 and amended by special resolution on 28 February 2014. The organisation was incorporated by the companies’ house on 24 November 2010 as Human Care Fund and changed the name to Human Care Initiative (HCI) on 19 March 2011. The same was registered with the Charity Commission on 17 June 2011. **Human Care Initiative:** Human care Initiative (HCI) is a UK based Charity governed by the board of trustees composed of British Bangladeshi citizens, while primarily focused on Bangladesh it aspires to expand its horizon beyond national boundaries. ## **Our vision** Improve the lives of those most in need by providing support in education, healthcare, finance, to build infrastructure and deliver emergency relief aid. ## **HCI AIM** - Expanding capability - Transforming Reality - Enduring Sustainability ## **Objects of the charity and principle activities:** ## The objects of the charitable company are - - 1) To relieve the financial hardship of poor and underprivileged people living in the United Kingdom and overseas, particularly but not exclusively Bangladesh, by the provision of grants of money or services. - 2) To advance the education of the public in the United Kingdom and overseas, particularly but not exclusively Bangladesh, by the provision of educational facilities and courses. - 3) To relieve sickness and preserve and protect good health in the United Kingdom and overseas, particularly but not exclusively Bangladesh, by the provision of health facilities. ## **Governance and Principal Officers:** The company/ charity is organised with a committee (Board of directors) elected by the members to oversee the overall activities. One committee member is nominated as chairperson, to monitor the day to day running of the charity. The following officers of the charity have held office for the whole/part of the period. Mr A D M Younus Chairperson Mr M Asaduzzaman Secretary Mr M Rahman Treasurer The directors are eligible, in committee, to appoint additional trustees under the terms of the Articles of Association. Page 2 **(A Company Limited by Guarantee)** DIRECTORS'/TRUSTEES' REPORT For The Year Ended 31 March 2022 ## **HUMAN CARE INITIATIVE** ## **ACTIVITIES AND ACHIEVEMENTS:April 2021 - March 2022** Human care Initiative (HCI), an UK based charity ,providing support in education, health care, and livelihood sector with aim to expand capacity, transforming reality and ending sustainability to improve the lives of the most needed families both in humanitarian and development contexts. In April 2021 - March 2022 HCI reached out around 12,000 Rohingya refugees and Bangladeshi population from 11 districts of Bangladesh with different development and Humanitarian projects. ## **The main projects interventions are :** 1. Humanitarian and Emergency projects - . Food support among Rohingya population - . Responding COVID-19 - . Winter clothes for support - . Emergency flood response 2. Education Projects . Integrated support for the Orphan education . Talent Care 3. Livelihood and Food Security Projects . Livestock project for the unemployed people . Employment certain through Sewing machine project 4. Water Sanitation, Heath and Hygiene Project . Installation of deep tube well project . Mother and Child Care projects 5. Religious Dues - Ramadan and Qurbani ## **People reached out - Emergency Response 2021 - 2022** HCI did humanitarian work; 25% emergency response, 15% Rohingya response, 25% Covid19 response, 20% flood response, 12% winter project, 3% religious dues. ## **People reached out with project intervention during the period** ## **Project wise beneficiaries:** Humanitarian aid: 10500 Education Project: 1200 Livelihood and Food security project: 550 Water, Sanitation, Health and Hygiene Project: 2000 Religious dues, Ramadan and Qurbani: 4500 Page 3 ## **HUMAN CARE INITIATIVE (A Company Limited by Guarantee)** DIRECTORS'/TRUSTEES' REPORT For The Year Ended 31 March 2022 ## **Humanitarian and Emergency Project** ## A. Responding emergencies HCI has responded to all major emergencies in Bangladesh such as Covid-19 pandemic, flood and winter. Our community partners and volunteers rushed to the victims with lifesaving food and non-food items in Cox's Bazar, Comilla, Rangpur, Satkhira and Sylhet. ## B. Rohingya refugees response HCI began its operation in the Rohingya camp immediately after the influx started back in 2017 in partnership with community and institutional donors. HCI continues to support these unfortunate communities with health, education, food, non food items and shelter interventions. ## **Livelihood and employment creation:** This program aims to uplift the marginalised and poor from misery by providing direct monetary assistance, guidance for them towards being self-reliant and earning their own income. HCI has been implementing livestock and sewing machines in Jhenidah, Jessor, Sylhet, Magura, Rangpur and Noakhali districts among the unemployed people for employment and for increasing the family earnings. Many unemployed youth became self-sustaining and widow families directly increased their family income. Now, they can send their children to school and enjoy a better, healthier life. ## **Education programs:** This program targets wide groups of talented students: street children, orphans, Hifzul Quran learners and the construction of academic buildings. HCI supports stipend and integrated help ( such as books, stationery and clothes ), to continue the education for orphan students and encourages value-based education. ## **Hifzul Quran Madrasha, Dhaka** : HCI established Darul Quran Madrasha in Amin Bazar, Dhaka to spread out the Quranic education. Many of our able students have completed the memorisation of the Quran and many are continuing their education. ## **Water, Sanitation, Health and Hygiene Programs:** HCI has been assisting mothers in Bangladesh by providing quality maternity health services in the pregnancy, delivery and the post delivery period. HCI is also continuing to assist blind girls and the installation of water projects in different areas, over the years. ## **Religious dues - Ramadan and Qurbani project:** HCI has been providing Ramadan food for Iftar and Suhoor. As well as, provides Qurbani meat during Eid ul Azha for the most needy people in Bangladesh. Page 4 ## **HUMAN CARE INITIATIVE** **(A Company Limited by Guarantee)** DIRECTORS'/TRUSTEES' REPORT For The Year Ended 31 March 2022 ## **Risk Management:** The Trustees recognise the major risks that the charity company faces each financial year when preparing and updating the strategic plan and as such, has development systems to monitor and control these risks to mitigate any impact that they have on the organisation in the future. The trustee reviews the risk matrix regularly at their meetings. The trustees are satisfied that a system is in place, or arrangement is in hand, to manage the risks that have been identified. ## **Financial review:** ## **Reserves policy** The trustees have reviewed the reserves of the charity. Their policy is to hold enough funds to meet a three months operating cost. In calculating the charity reserves, the trustees have deducted from the total of unrestricted funds of the charity, the tangible fixed assets and designated fund. As such there is not enough reserve fund and trustees are looking into this so that the charity runs which is a going concern. ## **Principal funding source** Our charity's main source of income is collecting donations from regular donors, special donors, projects based donors, charity events, online campaigns, mosque collection during Ramadan, occasional collection during religious festivals, Eid gifts, Zakat etc. People donate through standing orders or direct transfers to the charity’s bank account. ## **Plan for future periods** : HCI also intends to raise a good amount of funds to establish residential orphan centres in Bangladesh to provide orphan children accommodation, food, proper education and skills training. Through this project, those children will be productive citizens of the country. We have already started a pilot project for this, this year. We also intend on expanding our livelihood project to more districts and funding the children’s health sector. ## **Financial position:** The Statements of Financial Activities shows a net deficit of £18,063 with net funds of £10,489 as of 31 March 2022. ## **Directors / Trustees' Responsibilities:** The trustees (who are also directors of Human Care Initiative for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP2015 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. Page 5 ## **HUMAN CARE INITIATIVE** ## **(A Company Limited by Guarantee)** DIRECTORS'/TRUSTEES' REPORT For The Year Ended 31 March 2022 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company’s auditor is unaware; and - the trustees have taken all steps that they ought to have taken to make them aware of any relevant audit information and to establish that the auditor is aware of that information. ## **Independent Examiner:** An independent examiner was carried out by Abacus Partners (Ldn) LLP, Chartered Certified Accountants. In the absence of a specific resolution to the contrary Abacus Partners (Ldn) LLP will continue in office. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. This report was approved by the directors/trustees on 17 December 2022 Signed on behalf of the board of directors/trustees MR A D M Younus Chairperson Page 6 ## REPORT OF THE INDEPENDENT EXAMINER TO THE DIRECTORS / TRUSTEES **TRUSTEES OF HUMAN CARE INITIATIVE** ## **(A Company Limited by Guarantee)** For The Year Ended 31 March 2022 I have examined the accounts and statements on pages 8 to 12 which have been prepared on the basis of accounting policies set out on page 10. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of ACCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - State whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. - Which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities. have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Nur Ahmed Chowdhury FCCA for and on behalf of Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf, 93 Stainsby Road, London,E146JL. 17 December 2022 Page 7 ## **HUMAN CARE INITIATIVE ( A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |||||**Total**|**Total**| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**2022**|**2021**| |**INCOME AND EXPENDITURE**|Notes|£|£|£|£| |**INCOMING RESOURCES**|||||| |Voluntary Income|**3**|213,253|-|213,253|82,908| |Charitable Activities Income|**4**|-|5,790|5,790|5,500| |**Total Income**||**213,253**|**5,790**|**219,043**|**88,408**| |**RESOURCES EXPENDED**|||||| |Fundraising cost|**5**|4,591|-|4,591|-| |Charitable Activities Cost|**6**|224,525|5,790|230,315|54,805| |Administrative Cost|**7**|2,201|-|2,201|5,430| |**Total Resources Expended**||**231,316**|**5,790**|**237,106**|**60,235**| |**NET INCOME /(DEFICIT) FOR THE YEAR**||(18,063)|-|(18,063)|28,173| |**Funds as at 31 March 2021**||28,552|-|28,552|379| |Fund movements||-|-|-|| |**Funds as at 31 March 2022**||**10,489**|**-**|**10,489**|**28,552**| The notes on pages 10 to 12 form part of these accounts. **Page 8** HUMAN CARE INITIATIVE {A Company Umikd by Gu4rants•) STATgAENT OF FINAPKJAL POSIIION AS AT 31 MAIKH 2022 Tol•l Fixed Assots CurTentkne Crth8r t*btor5 Cash al Bank and in 3.OJO 12.789 15,789 31.992 CredJtor% ArTh)unl Yilhin onB year 5.3JO Nèt ¢unent AsBèts 10.4189 28.552 Total Ne¢A•ts 10,489 Funds lthrestri¢W fvnts: Gernral R8strict8d Fur*Js 10.489 Totsl Funds 11489 Forth8 year 8nthd 31 ma￿fv 2022 compwny was 8nlilgJ b) 8xenWbx fiDm aL￿1t undws8ction 477 ofthB c￿an￿5 Acl rBlaling to smal corrpani8s. ii¥"liti"e5". . Tha MèAkn￿ ha* not reg￿r•I thè comp*ry to otrtain an autht of Its 8tatèm8nis trthe yèarin questbjn in accOrdar￿8 8ection 478,. and . dnclor8ckm* their r88pon*tilibes tir corytyiThJ ￿1th th8 wurem8nt8 ofthe Ad *ilh respect b) accounling ￿COrdS and thp offjnarKid sta1err£￿. Th880 fina￿81 statemenls ha* teen pry4red in accorfanc6 *ith tho PTrX15KJns 8Ff4ic8tdÈ to conyryes 8Lti8Ct to the small cot)ynk88 r￿me.&￿1 acrAYthrte *ith FRS 102 Thè FinanciBI Reporfir¥J Standard BWicatAB in the UK and Ra￿￿1C ofhBlaTrS'. There fina￿￿1 8talements *ere 8Fpro*d by fv trmrd 0fth￿t0￿ Out￿lised tr issue on 24 Jorwary ￿23. are s￿n￿d on ￿h￿￿ofth& board by: MrA D M Younus ICtiairper8onl Mr M A Rahman as￿[) Thp nDtes on FVW 10 to 12 fi)rn pgrt oftlThe accounts. Pa￿9 ## **HUMAN CARE INITIATIVE** ## **( A Company Limited by Guarantee)** ## **Notes to the financial statements** **For the year ended 31 March 2022** ## **1 Accounting Policies** ## **1.1 Basis of preparation of accounts:** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP 2015 (FRS 102). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **1.2 Grants/Donation receivable:** All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. - Grants/Donations for immediate expenditure are accounted for when they become receivable. - Grants/Donations received for specific purposes are treated as restricted funds. Grants/Donations restricted to future accounting period are deferred and recognised in those periods. ## **1.3 Allocation of cost:** Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to as well as using best possible professional judgements. ## ~~**1**~~ **.4 Support cost:** Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. ## **1.5 Tangible fixed assets and depreciation:** - Currently the charity does not have any tangible fixed assets. **2. Incoming Resources** - Incoming resources are the amounts derived from the provision of charitable services, the receipt of gifts, subscriptions and grants falling within the charity’s ordinary activities. Donations received for the general purposes of the charity are included as unrestricted funds. Donations and grants for activities restricted by the wishes of the donor are taken to restricted funds where these wishes are legally binding on the trustees. ## **Income Summary** |**3**
**Voluntary Income**
General donations
HMRC- Gift Aid
**4**
**Charitable Activities Income**
UK Charities
**Total Income**|Unrestricted
Restricted
2022
£
£
£
196,622
196,622
16,631
16,631
213,253
-
213,253
Unrestricted
Restricted
2022
£
£
£
5,790
5,790
-
-
-
-
-
5,790
5,790
**213,253**
**5,790**
**219,043**|2021
£
82,908| |---|---|---| |||82,908| |||2021
£
5,500
-
-| |||5,500| |||**88,408**| **Page 10** ## **HUMAN CARE INITIATIVE** ## **( A Company Limited by Guarantee)** ## **Notes to the financial statements** **For the year ended 31 March 2022** ## **Expense Summary** |**5**
**6**
**7**
**8**
**9**|**Fundraising cost**
Appeal and events
**Charitable Activities Cost**
Rent
Charitable donations
Telephone, travel etc
Light & Heating
Travelling expenses
Printing, Postage and Stationeries
**Administrative Cost**
Rent
Light & heat
Legal and professional fees
Printing, Postage and Stationeries
Telephone, travel etc
Travelling expenses
Bank & credit card charges
Accountancy Fees
General Expenses
**Total Expenses**
**Creditors: Amount Falling Due < One Year**
Accruals
Other creditors
PAYE liabilities
**Movement in Funds**
As at 1 April 2021
Current year
Fund Movement
As at 31 March 2022|Unrestricted
Restricted
4,591
-|2022
2021
£
£
4,591
-
4,591
-
2022
2021
£
£
5,299
7,918
222,160
44,050
670
256
569
1,226
995
1,100
622
255
230,315
54,805
2022
2021
£
£
1,325
1,879
63
307
-
2,280
155
-
167
64
111
-
150
-
230
900
-
-
2,201
5,430
**237,106**
**60,235**
2022
2021
£
£
5,300
6,440
-
-
-
-
5,300
6,440
Restricted
Fund
Total
£
£
-
28,552
-
(18,063)
-
-
-
-
10,489| |---|---|---|---| |||4,591
-|| |||Unrestricted
Restricted
£
£
5,299
-
216,370
5,790
670
-
569
-
995
-
622
-|| |||224,525
5,790|| |||Unrestricted
Restricted
£
£
1,325
63
-
155
167
111
150
230
-|| |||2,201
-|| ||||| |||**231,316**
**5,790**|| |||Unrestricted
Free Reserve
£
28,552
(18,063)
-
10,489|| ## **10 Taxation** The entity is a registered charity and does not undertake non-charitable activities and are entitled for tax exemption by the Inland Revenue. ## **11 Post Balance Sheet Events** There were no significant post balance sheet events. **Page 11** ## **HUMAN CARE INITIATIVE** ## **( A Company Limited by Guarantee) Notes to the financial statements** **For the year ended 31 March 2022** - **12 Transaction with Trustees** - There were no transactions with the trustees during the year. ## **13 Contingent Liabilities** The company/charity had no contingent liabilities as at 31 March 2022 nor at 31 March 2021. ## **14 Related Parties Transaction** There were no disclosable related party transactions during the year. ## **15 Gifts In Kind And Volunteers** During the year the company/charity benefited from unpaid work performed by volunteers. ## **16 Governent Grants** The company/charity covered some of its employment costs during the period, by making use of the HMRC Job Retention Scheme. **Page 12**