2023-01-31-accounts - Orphans In Need

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Strategic Report
Report ofthe Trustees		2	to	6
Report ofthe Independent	Auditors	7	to	10
Statement ofFinancial Activities
Balance Sheet			l2
Cash Flow Statement
Notes to the Cash Flow Statement			l4
Notes to the Financial Statements		15	to	25

					~0	~0	0 I 14 0	0 I 14 0
					Statement		ofFinancial Activities
				Incor	pratie	an Income and Ex enditure			Account
					for the	year ended 31stJanuary		2023
										2023	2022
							Unrestricted		Restricted	Total	Total
							fund		fund	fuads	funds
						Notes					f
INCOME	AND ENDOWMENTS			FROM
Donations	and legacies					2	5,106,848		10,612,531	15,719,379	15,958,574
Charitable	activities
Gcncral							1,408			1,408	33,376
Invcstmcnt	income					3	51+83			51,383	10,830
Other income											18
Total							5159639		111612531	157721711	161102798
EXPENDITURE		ON
Raising funds						5	1,573,438			1473,438	1,727,032
Charitable	activities
General							202,187		10,612,531	10,814,718	12,831432
Other Total						9	~31487 1744 138		111612531	~31487 ~12 56669	14549 14572813
NET INCOME							3,415,501			3,415,501	1,429,985
RECONCILIATION			OF FUNDS
Total funds	brought	forward					8,860,685			8,860,685	7,430,700
TOTAL FUNDS CARRIED FORWARD							12 276 186			12276186	8860685

	Bala 31	nce Sheet 22r23
				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes		0
FIXEDASSETS
Intangible assets	14	30,734		30,734	31,387
Tangible assets	15	852,837		852,837	854, l73
Invcstmcnt property	16	125 OOII		12 000	125 MIO
		1,0118,.71		1,008,571	1,010,560
CURRENT ASSETS
Debtors	17	343,696		343,696	176,178
Cash at bank		118209110		11828.9011	629R.510
		12,172,596		12,172,596	8,474,688
CREDITORS
Amounts falling due within one year	18	(904,981)		(904,981)	(624,563)
NET CURRENT ASSETS		11267 615		11267610	7850125
TOTAL ASSETSLESSCURRENT LIABILITIES		12,276,186		12,276,186	8,860,685
NET ASSETS		12 276 186		122761716	8R6tl685
FUNDS	20
Unrestricted funds				12276106	886tl685
TOTAL FUNDS				122 6 86	8860685

		I	Cash Flow S 4 ~dd	tatement I '2523
				2023	2022
			Notes
Cash flows from operating	activities
Cash generated from operations				3 5156:15	1 944 178
Net cash provided by operating activities				3 515635	1944.175
Cash flows from investing	activdties
Purchase ofintangible tixed	assets			(11,589)	(11,520)
Purchase oftangible fixed assets				(18,739)	(4,085)
Sale oftangible fixed assets					654
interest received				45 11743	5 Ilhd
Net cash provided by/(used	in) investing	activities		I~ 755	9 871
Change in cash and cash equivalents reporting period		in the		3,530390	1,934,307
Cash and cash equivalents of the reporting period	at the beginning			8,298,510	6,364,203
Cash and cash equivalents reporting period	at the end	ofthe		11,828,900	8,298,510

			Notes to the Cash Flow Statement for the ear ended st Janua 3	Notes to the Cash Flow Statement for the ear ended st Janua 3	Notes to the Cash Flow Statement for the ear ended st Janua 3
RECONCILIATION			OF NET INCOME TO NET CASH FLOW FROM OPERATING			ACTIVITIES
						2023	2022
Nct income Activities)	for thc	reporting		period (as pcr thc Statcmcnt ofFinancial		3,415401	1,429,985
Adjustments	for:
Depreciation	charges					32317	28,061
Profit on disposal offixed assets							(18)
Interest received						(45,083)	(5,080)
increase in debtors						(167518)	(4,439)
Increase in creditors						286 4111	~95 669
Net cash provided		bg operations				3515635	I 944 178
ANALYSIS	OF CHANGES			IN NET FUNDS
				At	I/2i22	Cash tlow	At 31/I/23
						f
Net cash
Cash at bank				8	298510	3 530390	11828 900
				8	298510	3530 90	11828 900
Total				8	98510	3 530390	11828 900

	2023	2023	2023	2022
	Restricted	Unrestricted	Total	Total
Donations	7,556,464	3,841,765	11,398,229	12,009,578
Gift Aid		1,265,083	1,265,083	1,234,646
Donated Services and Facilities	3056 067 111612531	5106840	30561167 ~25719 79	2714350 15958574

	2023	2022
Water	1,040	14,790
Orphans	4,939,188	5,187,119
Places ofWorship	120	935
Food	2,615,141	2,634,150
Emergency	950	439,665
Medical Supplies	3 056 067	2 71~ 350
	Itltl2531	Itl 991t09

INVESTMENT INCOME
	2023	2022
Rents received	6300	5,750
Deposit account interest	~45083	5 080
	51 83	10830

INCOME FROM		CH	ARITAIILE A	CTIVI	TIES
							2023	2022
								Total
							General	activities
Grants							~1408	~33376
RAISING FUNDS
Raising donations		and legacies
							2023	2022
Staff costs							320P99	394,887
Postage and stationery							15,451	12,083
Digital exposure							366404	573,239
Marketing							355397	362,373
Fund raising expenses							365329	294,563
Tclcphonc							10„8164	9,209
Motor and travel							71Jt19	24,602
Accomodation Bank charges							25417 ~41 511	2,096 53 980
							1573430	1727032
CHARITABLE ACTIVITIES COSTS
						Grant
						funding of
						activities	Support
					Direct	(see note	costs (see
					Costs	7)	note 8)	Totals
General					974 920	9790520	~9 70	10814715
GRANTS PAYABLE
							2023	2022
General							9790 20	11867 987
The total donations		paid to institutions		dunng	the year was as follows:
							2023f	2022
Orphans in Need	—India						13437054	4,558,146
Orphans in Need	—Jammu &Kashmtr						1,571,778	1,400,000
Alsabil Welfare House							1,141,791	1,296,643
Orphans in Need	—Pakistan						300,400	300,400
Novo Jibon							268,673	320,129
OIN Nepal							647,489	263,240
OIN USA							532,434	156,426
African Development			Trust				194,662	211,283

3,056,067 2,714,350 737» 37
9 799519 11567 957


Donated Pharmaceuticals Other grants oftens than 1150,000 in thc period						3,056,067 73	2,714,350 » 37
						9 799519	11567 957
A full list ofindividual	grants and projects is available		from our principal	office.
SUPPORT COSTS
						Governance
				Management		costs	Totals
					g
General				~10	103	~39167	~49 270
OTHER
						2023	2022
Foreign exchange						2,078
Loans written ot'f						~33 65	14 549
						~31487	14549
The loan written offrelates		to the recovery ofthe Cafe	B)u loan.
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated atter charging/(crediting):
						2023	2022
Auditors' rcmuncration						6400	5,700
Depreciation —owned assets						20,075	18,136
Surplus on disposal offixed assets							(18)
TV Commercial amortisation						2,125
Website Costs amortisation						~10117	9925

STAFF C		STS
						2023	2022
Wages and		saianes				628,993	655,088
Social security costs Pension						51,206 967	52,660 7
						t89 86t	718879
The average		monthly	number ofemployees	during	the year was as foliov:s:
						2023	2022
						28	29
COMPARATIVES			FOR THE STATEMENT OF FINANCIAL ACTIVITIES
					1lnrestricted	Restricted	Total
					fund	fund	funds
					f.		f
INCOME	AND ENDOWMENTS FROM
Donations	and legacies				4,967,565	10,991,009	15,958,574
Charitable		activities
General					33,376		33,376
Investment		income			10,830		10,830
Other income					18		18
Total					5011789	10991009	16,002798
EXPENDITIJRE ON
Raising funds					1,727,032		1,727,032
Charitable		activities
General					1,840,223	10,991,009	12,831432
Otilel'					5		5
Total					3,581,804	10,991,009	14,572,813

				Unrestricted	Restricted	Total
				fund	fundf	funds
	NET INCOME			1,429,985		1,429,985
	RECONCILIATION		OF FUNDS
	Total funds brought forward			7,430,700		7,430,700
	TOTAL FIJNDS CARRIED FORWARD			8 86tl 685		8 86tl 685
14.	INTANGIBLE	FIXEDASSETS
				TV	Website
				Commerctal	Costs	Totals
				f
	COST
	At 1stFebruary Additions	2022		~II589	50,584	50,584 ~II 589
	At 31stJanuary	2023		~II589	~50584	~62 173
	AMORTISATION
	At 1stFebruary Charge for year At 31stJanuary	2022 2023		~2125 ~2125	19,197 ~10 117 29 14	19,197 ~12242 ~31439
	NET BOOK VALUE
	At 31stJanuary	2023		~9464	~21 270	~30 734
	At 3lstlanuary	2022			31 387	31 387

TANGIBLE FIXEDASSET	S
		Fixtures
	Freehold	and	Motor	Computer
	property	fittings 6	vehicles	equipment f	Totals f
COST
At 1stFebruary 2022 Additions At 31st January 2023	800,000 ~800000	103,649 ~103649	9,778 ~9778	204,610 ~18739 223 49	1,118,037 ~18739 ~1136776
DEPRECIATION
At 1stFebruary 2022 Charge for year At 31stJanuary 2023		70,007 ~5046 ~75053	7,701 519 8 20	186,156 ~14510 ~200 666	263,864 ~20 075 ~283939
NET BOOK VALUE
At 31stJanuary 2023	~800000	~28596	I 58	~22 683	~852 837
At 31stJanuary 2022	800000	33642	2077	18454	854 173

INVESTMENT PROPERTY
FAIR VALUE
At 1st February 2022
and 31st January 2023	~125SN
NET BOOK VALUE
At 31st January 2023	~125SN
At 31stJanuary 2022	~125000

						2023	2022
	Other debtors					82,974	5o 053
	Prepayments					~260 722	124 125
						~343696	176 178
18.	CREDITORS:	AMOUNTS FALLING DUE		WITHIN	ONE YEAR
						2023	2022
	Trade creditors					109,667	138,940
	Social security	and other	taxes			12,752	14,848
	Other creditors					8,677	2,897
	Accrued expenses					~773885	~467 878
						~904981	624 563
19.	LEASING AGREEMENTS
	Minimum lease	payments	under non-cancellable	operating	leases fall due as follows:
						2023	2022
	Within one year					28/13	30,000
	Between one and five years					~27 80	43 750
						56093	73.750
20.	MOVEMENT	IN FUNDS
						Net
						movement	At
					At I/2/22	in funds	31/ I/23
						f.
	Unrestricted funds
	General fund				8,860,685	3,415,501	12,276,186
	TOTAL FUNDS				8860685	3415501	12276 186

					Incoming	Resources	Resources	Movement
					resources f	expended		in funds
Unrestricted	funds
Gcncral fund					5,159,639	(I	7447138)	374157501
Restricted funds
Restncted Fund
					10,612,531
TOTAL FUNDS					15772170	~22	56669	3415%2
Comparatives	for movement		in funds
							Net
						movement		At
					At 1!2/21		in funds	31/1/22
					f
Unrestricted	funds
General fund					7,430,700	1,429,985		8,860,685
TOTAL FUNDS					7 4311700	1	429 985	8 860 685
Comparative	net movement	in	funds, included	in the above are as follows:
					Incoming	Resources		Movement
					I'esoul'ces	expended		In funds
Unrestricted	funds
General fund					5,011,789	(3,581,804)		1,429,985
Restricted funds
Restricted Fund
					10,991,009	(10,991,009)
TOTAL FLINDS					160027 8	~14	72117	142 8.

				Net
				movement	At
			At I!2/21	in funds	31/I/23
I)nrestricted		funds
General	fund		7,430,700	4,845.486	12,276,186
TOTAL	FUNDS		7 430 700	~ 847 486	12 276 186

				Incoming	Resources	Movement
				resources	expended	in funds
					f,
Unrestricted			funds
General	fund			10,171.428	(5,325,942)	4,845,486
Restricted		funds
Restncted		Fund
				21,603,540	(21,603,540)
TOTAL	FIJNDS			'11774968	~269294823	4846486