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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|
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|---|---|---|---|---|---|---|---|---|---|---|---|
||||||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|
##
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||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|
##
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##
##
##
|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|
##