HUMAN CARE INITIATIVE IA COMPANY LIMITED BY GUARANTEEI REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company No: 7460175 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 2024 CONTENTS Page 1. Information 2. Directors,rUSteeS, Report 3. Independent Examiner Report 4. Stalement of Financial Activities 5. Statement of Financial Position 6. Notes to the Financial Statements 10-12
HUMAN CARE INITIATIVE IA Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Information DirectorslTruslees MrA D M Younus Chairperson Mr M Asaduzzaman Secretary Mr M A Rahman Treasurei Company number Charity number 7450175 1142454 Principal and Registered Office.. 2nd Floor 116 Cavell Street London E1 2JA Independent Examiner Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf 93 Slainsby Road London E14 6JL Banker Melro Bank 117-121 Bishopsgate London EC2M 7PP Page 1
HUMAN CARE INITIATIVE IA Company Limited by Guarantee) DIRECTORS'ITRUSTEES. REPORT For The Year Ended 31 hllarch 2024 The trustees, who are also the dire¢tors of the company, are pleased to present the report and the Financial Slalemenls for the yearended 31 March 2024 to comply with Ihe requirements of the Charities Act 2011 and the Statement of Recommended Practice ISORPI for charities. Governln Instrument.. The companylcharily's objects and regu18tions 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 2nd changed the name lo Human Care Initiative IHCII on 19 March 2011. The same was registered with the Charity Commission on 17 June 2011. Human Care Initiative.. Human care Initiative IHCII is a UK based Chaiily govèrned by the board of trustees composed of British Bangladeshi citizens, while primarily focused on Bangladesh il aspires lo expand its horizon beyond national boundaries. Our vision Improve the lives of those most in need by providing support in education, healthcare, and fi'nance, lo build infiaslructure and deliver emergenw relief aid. HCI AIM Expanding capability Transforming Realty Enduring susl8inabilily Ob'ects of the chari and rlncl le activities.. The objects of the charitable company are- 11 To relieve the financial hardship of poor and underprivileged people living in the United Kingdom and overseas, particularly bul not exclusively Bangladesh, by the provision of grants of money or services. 21 To advance the education of the public in the United Kingdom and overseas, particularfy bul not exclusively Bangladesh, by the provision of educational facilities and Courses. 31 To relieve sickness and preserve and protect good health in the United Kingdom and overseas, particularw bul not exclusively Bangladesh, by the provision of health faciif(ies. Govemance and Princi al Officers: The companyl Charity is organised with a committee (Board of direclorsl elected by the members to oversee the overall activities. One ¢ommillee member is nominated as chairperson, lo monitor the day lo day running of the charity. The following officers of the charity have held office for the wholelpart of the period Adbud Dayyan Mohammad Younus Md. Asaduzzaman Muhammad Aliqur Rahman Faisal Tariq A.K.M Nurul Absar Bhuiyan Chairman Secretary Treasurer Trustee Trustee The directors are eligible, in committee, lo appoint additional Iruslees under the terms of the Articles of Association. Page 2
HUMAN CARE INITIATIVE {A Company Llmlted by Guarantee} DIRECTORS'trRUSTEES' REPORT For The Year Ended 31 March 2024 ACTIVITIES AND ACHIEVEMENTS.- April 2023- March 2024 Human Care Initiative IHCII, an UK based charity .providing support in education. health care, and livelihood sectors with an 8im to expand Capacity, transforming reality, and ending sustainability lo improve the lives of the most needed families both in humanitarian and development contexts. In April 2023 - Mar¢h 2024 HCI reached out lo around 4500 students Bangladeshi population from 11 districts of Bangladesh with different development and Humanitarian projects. The main projects intotventions are . Humanitarian and Emergency projects Food support amon9 poor and orphan people Responding Earthquake support Winter clothes for support Ernergency flood response 2. Education Projects Integrated support for the Orphan Education Talent Care 3. LNelihood and Food Security Projects Lweslock project for the unemployed people Employment Certain through Sewing machine project 4. Water San((alion. Hèalh and Hygiene Project Inslallalion of deep lube well project hllolher and Child Care projects Medical Assistance 5. Religious Dues- Ramadan and Qurbani Food pack Distribution People reached out - Emergency Response 2023 - 2024 HCI did humanitarian work,. 6QA emergen¢y response, 20A Rohingya response. 550h Quality Education, 180/0 Earthquake Response, 15°/o Livelihood support, and 40/0 religious dues. People reached out wlth project intervention during the period Project wlse beneficlarles: Humanitarian aid.. 4000 Education Project.. 4500 Livelihood and Food se¢uTi(y project.. 850 Water. Sanilalion, Health. and Hygiene Project.. 1000 Religious clues, Ramadan and Qurbani.'3000 Page 3
HUMAN CARE INITIATIVE IA Company Llmited by Guarantee) DIRECTORS ttRUSTEES' REPORT For The Year Ended 31 March 2024 Humanitarian and Emergency ProJect A. Responding emergencies HCI has responded lo all major emergencies in Bangladesh and Turkey such as Earthquakes. floods, 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, Bogura, Noakhali, and Sylhel. B. Rohingya refugees response HCI began ils operation in the Rohingya ¢amp immediately after the influx started back in 2017 in partnership wrf(h community and inslilulional donors. HCI continue5 10 5UPPOrt these unfortunate communities with health, education, food, nonfood items, and shelter interventions. Livelihood and employment crgatlon- This program aims lo uplift the marginalised and poor from misery by providing direct monetary assistance. guidance for them towards being self-relianl and earning their own income. HCI has been implementing livestock and sewing machines in Jhenidah, Jessor, Sylhel, Magura, Rangpur and Noakhali dislricls among the unemployed people foremployment and for in¢ressing the family earnings. Many unemployed youth became self-suslaining and widow families directly increased their family income. Now, they can send their children lo school and enjoy a beller, healthier 5ife. Education programs: This program targets wide groups of talented sludenls". street children. orphans, Hiftul Quran learners and the Construction of academic buildings. HCI supports stipend and inlegraled help I such as books, slalionery and clolhos 1, lo continue the education for orphan students and encourages value-based education. Hifzul Quran Madrasha, Dhaka.. HCI established Darul Quran Madrasha in Amin Bazar, Dhaka lo spread out the Quranic education. Many of tsur able students have completed the memorisalion of the Quran and Thany are continuing their education. Water. Sanitation, Health and Hygiene Programs: HCI has been assisting mothers in Bangladesh by providing qualty m8lemity 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 drfferent areas, over the years. Religious dues - Ramadan and Qurbani project: HCI has been providing Ramadan food for Iftar and Suhoor. As well as, providing Qurbani me81 during Eid ul Azha for the most needy people in Bangladesh. Page 4
HUMAN CARE INITIATIVE {A Company Limited by Guarantee) DIRECTORS.RUSTEES. REPORT For The Year Ended 31 March 2024 Risk Mana ement: The Tru51ees re¢ognise the major risks that the charity company fa5 each financial year when preparing and updating the strategic plan and as such, has development systems lo monitor and control these risks to mitigate any impact that they have on the organisation in Ihe future. The Iruslee reviews the risk maliix regularly al their meetings. The Irust&es 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 Iiuslees have reviewed the reseNes of the charity. Their policy is lo hold enough funds lo meet a three months operating Cost. In ¢alculating the charity reserves, the trustees have deducted from the lolal of unrestricted funds of the charity, the tangible fixed assets and designated fund. As such there is not enough reserve fund and Iruslees are looking into this so that the charity runs which is a going concern. Princi al fundin 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, (Kcasional collection during religious festivals, Eid gifts, Zakat elc. People donate through standing orders or direct transfers lo the charity's bank account. Plan for fLFture eriods.. HCI also intends lo raise a good amount of funds to establish residential orphan cenlres in Bangladesh lo provide orphan children accommodation, food, proper education and skills training. Through this project, those children will be productive crtizens of the country. We have already started a pilot project for this, this year. We also intend on expanding our livelihood project lo more dislricls and funding the children's health sector. Financial position.. The St8lemenls of Financial Activities shows a net surplus of £44,715 with net funds of £55,878 as of 31 March 2024. Dlrectors l Trustees. Responslbllities.. The Iruslees (who are also directors of Human Care Initiative for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice}. Company law requires the trustees lo prepare financial statements for each fi'nancial 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 stalemenls, the Iruslees are required lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP2015 IFRS 1021., make judgements and eslimales 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 stalemenls., prepare the financial slalemenls on the going concern basis unsS it is inappropriate to presume that the charitable company will continue in operation. Page 5
HUMAN CARE INITIATIVE (A Company Limited byGuaranteel DIRECTORS'ITRUSTEES, REPORT For The Year Ended 31 March 2024 The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure thal 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 $0 far as the trustees are aware.. there is no relevant audtt information of which the charitable company's audrtor is unaware., and the trustees have laken 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 (Ldnl LLP will continue in offi. These financial statements have been prepared in accordance with the provisions applicable lo companies subjed lo Ihe 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 directorsltrustees on 24 December 2024 Signed on behalf of the board of directorsftruslees MR A D M Younus Chairperson Page 6
REPORT OF THE INDEPENDENT EXAMINER TO THE DIRECTORS I TRUSTEES OF HUhAAN CARE INITIATIVE IA Company Limited by Guarantee) For The Year Ended 31 March 2024 I have eXaIned the acGounls and slalemenls on pages 8 to 12 which have been prepared on the basis of accounting policies sel out on page 10. Respective responslbilltles of trustees and examiner The trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Iruslees consider that an audit is not required for this year under section 14412} of the Charities Act 2011 Ilhe 2011 A¢ll and that an Independent examination is needed. The charity's gross income exceeded £25.000 and l am qualified lo un(Sertake the examination by being a qualified member ofACGA. Having satisfied myself that the charity is not subject to audit under Company law and is eligible for independent examination, it is my responsibility lo.. examine the a¢¢ounts under section 145 of the 2011 Act., follow the procedure5 laid down in the general Directions given by the Charity Commission under section 14515)Ibl of th& 2011 Act,. and Stsle whether particular matters have wme to my allenlion. Basis of independent examlner's report My examination was carried out in accordance with the general directions given by the Charity Cornmission. An examination include5 a review of the accounting records kept by the charity 2nd a comparison of the accounts presented with those records.11 also includes consideralitsn of any unusual items or disclosures In the accounts, and seeking explanations from you 85 Iruslees concerning any such matteTS. The procedures undertaken do not provide all the evidence that would be required in 2n audit and consequently no opinion is given as lo whether the accounts present a "true and fair view. and the report is limited to those matters sel out in the ststemenl below. Independent examiner's statement In connection with my examination, no matter has come lo my attention.. Vvhich gives me reasonable cause to believe that, in any material respect, the requlrements.. lo keep accounting records in accordance with section 388 of the Gompanies Act 2006,. and lo prepare accounts which accord with the accounting records, Comply with the accounting requirements of section 396 of the Companies Act 2006 and with tho methods and principles of the Slalement of Recommended Pracli¢e.' Accounting and Reporting by Charities. have not been mel,. or lo which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts lo be reached. d Chowdhury FCCA for an behalf of Abacus Partners ILdnl LLP Unit A, Abbolts VQh2rf, 93 Stainsby Road. London.E146JL. 24 December 2024 Page 7
HUMAN CARE INITIATIVE l A Company Llmlttsd by Gtsaranteèl STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Total 2024 Total 2023 Unrestrictsd StrICted INCOME AND EXPENDITUR Notes INCOMING RESOUR¢ES Voluntary Incorne 35,535 35,535 80,517 Charitable Acliiilies Incom8 47.177 9,885 57.062 12.010 Total Ineomo 82,712 9.885 92,597 92.527 RESOURCES EXPENDED Fundraising cost 2,055 6.363 Ch8ri18ble Aclimlies Cost 36.696 9,885 46,581 72,QD5 Adminislratiw C08t 2,247 2,247 10,485 Total Re8ourcÈ8 Expended 40,997 9,885 50,882 88.853 NET IN¢OMEIIDEFICITI FOR THE YEAR 41,715 41,715 3,674 Funds as at 31 MarGh 2023 Fund moKemÉnts 14,163 14,183 10.489 Fund8 as at31 March 2024 55,878 55,878 14,163 notes on pages 10 to 12 fom part ofthe5e accounts. Page 8
HUMAN CARE INITIATNE l A Compa#y Ltmlted by Guarnnteel STATEMENT OF FIIiANaAL POSIIION AS AT31 MARCH 2024 Total 2024 Totsl M)le3 Flxed A1. Taroible Assets CuwrentAs other tkbtorB Cash al Bank and in ha¥vJ 3,0(h) 58.178 61.178 3,000 16.463 19.463 Crethto thount falling due Mthin one year 5,3 5,30D Net CurrBntAwts 55,878 74.163 Total NÈtAwts 65,878 14,163 Fund5 Unrestricted fvnds: General Restricted Funds 55.878 14,163 Total Funds 55,878 14.163 For the year ended 31 March 2024 Gompany was entllled lo exemption from audit undersection 477 ofthe CpanIeS Act 20D6 latIng l(} small ¢ompaniè$. rhreGtoVs res . Ihe metnbens ha not required the cornpany lo obtain an audit of firyancial ststemenl8 fDr the year in question in COTrJare th seclTon 47Q and . The diBclor acrledge5 their spOnsl11ties fJrcivnp]ying ¥th the ofth2 Act with spect to accounting records and the prepardtion of finencial statements. Ihe¥e fjts8nclal statements ha been pRparErf in o¢cordance the Prls1onS applicab to comp8fdes gubject lo the small companies relline, 8nd acctsrdanr with FRS 102 Tr FinerKiel Reportiw Standard 8FvIl¢afr in the UK and Republi¢ Df Iland,. Ihere financial StaLemen We ApPd by thE boprd DfdirBctoE ond aLthoTised forissuE on 24 De¢ernr 2024. and are signed on behalfof the bDard by= MrA D M Younu? {Cl*ir50) Mr M A R8hman ITreasuTBr) IITe nute5 on pages 10 to 12 part ofthese accoutts. PagD 9
HUMAN CARE INITIATIVE l A Company Llmited by Guarantee) Nots8 to the financial statements For the y8ar endod 31 March 2024 l Accounfing PollGiÈS 1.1 Basis of preparation of accounts.. The financi81 slalemènls E been prepared in 8ccordance with Accountiny and RepDrtiru by Charities.. Sl8lemenl ol Recommended Practic8 applicable lo charit$ prep8ring Ih&ir accounts in accordance with the Financial Reporting Stsndard spplicablÈ in the UK and Republic of Iland IFRS 1021 (effecti 1 J8nuary 20151- ICharili8s SORP 2015 IFRS 1021. The charity mÉels the defjnilion of a public benefit &nlily under FRS 102. Assets and liabilities are ini11811y r&cognised al hlsloric81 cost or Iransaclion ¥tlue unl8ss olherrise staled in Ihe releTrI accounting policy nol8181. 1.2 GrantDOnatiOn recÈlvable-. All incoming reyources ar8 included in th8 Slalemenl of Financial Acliwlies ISOFAI vthen th8 charity is legally ÈntitlÉd lo the income after 8ny perfoTmanc6 conditions been fflel, the amount can be measured reliably and il is probable that the income will bp receiKd. GranlslDon8lions for imrnediale expandlluie are accounted forwh8n they bècome reGeivaNe. GranlslDonalions Ge1 for specific purposes are Ireal8d as 1cted funds. GTantslDonabons re51ricled lo future accounting period defÈ[d ancl recognised in those FÉritsJs. q.3 Allocation of ¢08 Costs are allocated betW8en restrfrted and unreslricled fvDd according to th8 18Ths of Incom&. Where ilÈm$ expended are mixed, IhÈy are apportioned between Ihe categories according lo th& Incorlle they relate to as well as using be51 possible pmtssslonal judgements. r.4 Support ¢08t.. Support CO513 are those ftJnclion5 th81 assist the wotk of the charily bul do not directly undÈrtake charitBble aGliiilies. Support costs include b8ck office Costs, fiTrall. personnel, payroll and gorn8nce costs which support the Tru51s programmes and acliiilies. These costs ha been alOcated betW88n eosl of ralslng funds and expenditure on charil8ble acli%ilies. 1.5 Tanglblfr flxed a88etsand dopr8¢ladon.' Cuitenlly Ihe charity does not ha Sny tangible fixed a3sets. I Incoming Resources Incoming rÈsources are the amounts derrd from the plS1On of charitable Seice5. the receipt of gifts, subscriptlDns and grants falling within the ch8rily's ordinary actNtips. Donations reCeed for the general purposes of thÈ charity are inclLhled 8s unre51ricled bjnds. DDnallons and grants for acliiilies re51ricled by th6 wishès of the donor ar9 18ken lo restThcled funds where these wshes are legally binding on the trusla8S. Incom8 Summa 3 Voluntsry Income Unre51ricted Reslric18d 2024 2023 General donations HMRG Gift Aid 30,648 4.887 35.535 30,648 4,887 35,535 48.197 32.320 80.517 4 Charltsbl8 Acllvilles In98 UnrestriGled Restriol 24 2023 actimties income 47.177 9,885 67.OV2 12.010 47.177 9.885 57.th82 12,010 Totsl Incom8 B2,712 9,OB5 92.597 92,527 Pago 10
HUPIJAN CARE INITIATIVE l A Company Lirnited by Guarantee) Notes to tho financial ststements FDr the year ended 31 March 2024 Ènsts Summ 5 Fundralsin Cost Unreslricw Restricted 2024 2023 EnIS & GonfrrenGe 2,055 2,055 2.055 2,055 6,363 6,363 Charitable Activities C05t UnBstricted Restrict8d 2024 2023 Rent Charitable donations TÈlephone and inlemel Light & Healing Trawlling expenses Printing, Po$l8ge and Slalionerip$ 3,760 22,B65 995 2.631 5,512 933 36,696 3.760 32,750 995 2.631 5,512 933 46.581 3,760 32,750 995 2,631 5.512 933 46,581 9,885 9.885 7 Administrative ¢ost Unr8slricled Restricted 2024 2023 Rent Liqhl & heal Legal and proft88ional feès Printing, Postag8 and Stationeries TÈlephonÈ and IniernÈt Bank & Gredit Gard charges Accountancy Fees General Expenses 940 292 475 104 292 475 104 292 475 104 325 325 325 2,247 2.247 2,247 Totsl Expon8•8 40.997 9,885 60,882 8 Credltors.. Amount Falling Due < One Year 2024 2023 Accruals Othar credllors 5,3 5,300 5,300 5,300 9 Movement In Funds Unrestricted Free R&se Reslricled Fund Total As at 1 April 2023 14,183 14,163 Current year 41,715 41.715 FuThl Mom&nt As at 31 March 2(r24 10 Taxatson The enlily is a registered charity and d$ not undertakè non-charilabla actiMlia8 and are entitled for tax sxemption by the InId Re. 11 Post Balance Sheet Events Th8re wgrg no signifi¢8nl post balance sh881 ents. Pag¢ 11
HUMAN CARE INlATIVE l A Company Llmlted by Guarant801 Note5 to the financial stateMets For the year ended 31 March 2024 12 Transactlon wlth Trusteos There were no Iransaclions wllh the Iruslees dvilrKJ year. 13 Contlngent Llabllltle5 The cornpawlchaiily had no conllng8nl liaknlilie5 a5 al 31 March 2024 fjor al 31 Maich 2023. 14 Rel8tetÈ Partie5 Trandion There were no disclosabl& related rtY transactlons during the year. 15 Glfts In Klnd And Volunteers During th2 year the companylcharily benefited from unp8id woth perfoTmed by Lolunleers. 16 Governent Grants No gthemmonl or k¢al aulhorlly graln Eceid during year. Pa99 12