COMPANY NUMBER: 08366197
AMENDED
HUMANITY DIRECT TRUST
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
CHARITY NUMBER: 1152275
HUMANITY DIRECT TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2025. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 2019).
REFERENCE AND ADMINISTRATIVE DETAILS
| Registered Company Number | 08366197 |
|---|---|
| Registered Charity Number | 1152275 |
| Registered Office | 30 New Elvet |
| Durham | |
| England | |
| DH1 3AL | |
| Trustees | K. S. Swift |
| N. Swift | |
| M. J. Shalam | |
| Bankers | The Co-operative Bank p.l.c |
| 1 Balloon Street | |
| Manchester | |
| M4 4BE |
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HUMANITY DIRECT TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing document
The company was registered under the terms of the Charities Act 2011 in April 2013. It is a private charitable company, limited by guarantee, incorporated on 18 January 2013. The governing instruments are the Memorandum and Articles of Association which were adopted on incorporation.
The trustees who have served during the period and since the period end are set out on page 1.
OBJECTIVES AND ACTIVITIES
The Humanity Direct Trust was set up to provide potential donors with direct access to individuals often in the remotest parts of the world who are in need of life changing surgeries. Individuals requiring help are identified through a partnership with hospitals, medical clinics and church organisations. These individuals who are short of the necessary funds for their operations are offered the chance to raise money via the Trusts website.
The system allows potential donors to see exactly who will be benefiting from their donation and to donate directly to the hospital that will perform the required surgery.
The donors can see the results of their donation when the recipients express their gratitude through a personal thank-you photo, message or a video.
The Trust aims to cover its costs by means of additional optional donations towards overheads and also through any gift aid claimed by UK taxpayers that have donated and opted in to gift aid.
FINANCIAL REVIEW
In this period of operation the Trusts management and administration costs were met thanks to significant donations from the trustees. This support is very much appreciated by the Trust. The trustees are hopeful that in the following year additional donations and gift aid reclaims will increase to continue to cover the costs.
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HUMANITY DIRECT TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The charity trustees (who are also the directors of Humanity Direct Trust for the purposes of company law) are responsible for preparing a trustees’ annual report and 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:
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select suitable accounting policies and then apply them consistently,
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observe the methods and principles of the Charities SORP,
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make judgments and estimates that are reasonable and prudent,
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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.
ON BEHALF OF THE BOARD ………………………………….. Nich Sevifé N. SWIFT Trustee – Company Number 08366197
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HUMANITY DIRECT TRUST
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF HUMANITY DIRECT TRUST
We report on the accounts of the company for the year ended 31 January 2025, which are set out on pages 5 to 11.
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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:
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Examine the accounts under section 145 of the Charities Act
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act
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To state whether particular matters have come to our attention
Basis of independent examiner’s report
Our 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 next statement.
Independent examiner’s statement
In connection with our examination, no matter has come to our attention:
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(1) Which gives us reasonable cause to believe that in any material respect the requirements:
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To keep accounting records in accordance with section 386 of the Companies Act 2006 and
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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 Charities SORP (FRS 102)
have not met or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Graham Douglas ACA For and on behalf of Douglas Shaw Limited Chartered Accountants 7 Brenkley Way Blezard Business Park Newcastle upon Tyne NE13 6DS
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HUMANITY DIRECT TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2025
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2025 | 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | |
| Incoming resources | |||||
| Donations received | 34,290 | 118,500 | 152,790 | 52,123 | |
| Gift Aid reclaimed | - | - | - | 3,312 | |
| ___ | ___ | ___ | ___ | ||
| Total incoming resources | 34,290 | 118,500 | 152,790 | 55,435 | |
| ___ | ___ | ___ | ___ | ||
| Charitable activities | 2 | 34,290 | 28,607 | 62,897 | 26,228 |
| Depreciation | 4 | - | 5,785 | 5,785 | 3,136 |
| Management and administration | 3 | - | 84,023 | 84,023 | 49,483 |
| ___ | ___ | ___ | ___ | ||
| Total resources expended | 34,290 | 118,415 | 152,705 | 78,847 | |
| ___ | ___ | ___ | ___ | ||
| Net income/(expenditure) | - | 85 | 85 | (23,412) | |
| Transfer of funds | - | - | - | - | |
| ___ | ___ | ___ | ___ | ||
| Net movement in funds | - | 85 | 85 | (23,412) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | - | 12,594 | 12,594 | 36,006 | |
| ___ | ___ | ___ | ___ | ||
| Total funds carried forward | - | 12,679 | 12,679 | 12,594 | |
| ___ | ___ | ___ | ___ |
The notes on pages 8 to 11 form part of these financial statements.
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HUMANITY DIRECT TRUST
BALANCE SHEET AS AT 31 JANUARY 2025
| Total | Total | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 6 | 23,140 | 12,545 | ||
| Current Assets | |||||
| Debtors | 7 | 219 | 717 | ||
| Cash at bank | 6,606 | 16,522 | |||
| __ | __ | ||||
| Creditors | 6,825 | 17,239 | |||
| Amounts falling due within one year | 8 | (17,286) | (17,190) | ||
| __ | __ | ||||
| Net current assets | (10,461) | 49 | |||
| __ | __ | ||||
| Total assets less current liabilities | 12,679 | 12,594 | |||
| __ | __ | ||||
| Funds | 9 | ||||
| Restricted funds | - | - | |||
| Unrestricted funds | 12,679 | 12,594 | |||
| __ | __ | ||||
| 12,679 | 12,594 | ||||
| __ | __ |
The notes on pages 8 to 11 form part of these financial statements.
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HUMANITY DIRECT TRUST
BALANCE SHEET AS AT 31 JANUARY 2025 (CONTINUED)
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS 102 SORP.
The financial statements were approved and authorised for issue by the Board of Trustees on 03/11/2025 and were signed on its behalf by
Nich Sevifé
…………………………………..
N. SWIFT Trustee – Company Number 08366197
The notes on pages 8 to 11 form part of these financial statements.
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HUMANITY DIRECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. ACCOUNTING POLICIES
- a) Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
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the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)
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and with the Charities Act 2011.
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b) Exemption from preparing a cash flow statement Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.
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c) Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
d) Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
e) Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website costs - 20% reducing balance basis Equipment - 20% reducing balance basis
f) Taxation
The charity is exempt from corporation tax on its charitable activities.
g) Reserves policy
Humanity Direct is committed to ensuring the long-term sustainability of the charity and the continuity of its services. Reserves play an important role in helping the charity manage financial risk and maintain stability during periods of unexpected shortfall in income or unforeseen expenditure. They also provide the charity with the flexibility to plan and implement new initiatives with confidence, without compromising its core activities.
As a small charity in its early stages, Humanity Direct does not currently hold designated reserves. However, the trustees have set a target of building unrestricted reserves equivalent to three months’ core running costs by the end of the next financial year. This level has been chosen to ensure the charity can meet its immediate obligations and maintain operational continuity, even if there are temporary delays in income or unexpected costs arise.
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HUMANITY DIRECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 (CONTINUED)
For the purposes of this policy, reserves are defined as unrestricted funds that are not committed to particular projects or invested in fixed assets. Reserves will be used only to cover unforeseen shortfalls in income, urgent or unexpected expenditure, or to ensure continuity of services in the event of funding delays. They are not intended to fund ongoing, planned expenditure or long-term projects.
The trustees will review the level of reserves annually as part of the budget and financial planning process, taking into account the charity’s income, expenditure, and future commitments. The target level may be adjusted if circumstances change, such as growth in the charity’s activities or increased financial risks. The trustees have overall responsibility for setting and monitoring reserves, and the Finance Officer will provide regular updates to ensure the charity is on track to meet its target.
2. CHARITABLE EXPENDITURE
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | |||
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Medical costs paid | 34,290 | 28,607 | 62,897 | 26,228 |
| __ | __ | __ | __ | |
| 34,290 | 28,607 | 62,897 | 26,228 | |
| __ | __ | __ | __ |
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HUMANITY DIRECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 (CONTINUED)
3. MANAGEMENT AND ADMINISTRATION
| 3. MANAGEMENT AND ADMINISTRATION |
||
|---|---|---|
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 2025 | 2024 | |
| £ | £ | |
| Advertising | 17,777 | 9,303 |
| Accountancy fees | 2,040 | 1,944 |
| Bank and Paypal charges | 45 | 146 |
| Fundraising event costs | 42,918 | 28,625 |
| Printing and stationery | 215 | 97 |
| Sundry expenses | - | 800 |
| Computer and website costs | 21,028 | 8,568 |
| __ | __ | |
| 84,023 | 49,483 | |
| __ | __ |
4. NET OUTGOING RESOURCES
Net resources are stated after charging
| Net resources are stated after charging | ||
|---|---|---|
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 2025 | 2024 | |
| £ | £ | |
| Depreciation | 5,785 | 3,136 |
| __ | __ | |
| 5,785 | 3,136 | |
| __ | __ |
5. TRUSTEES’ REMUNERATIONS AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 January 2025.
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HUMANITY DIRECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 (CONTINUED)
| 6. TANGIBLE FIXED ASSETS |
|||
|---|---|---|---|
| Website | |||
| Equipment | Costs | Total | |
| £ | £ | £ | |
| COST OR VALUATION | |||
| At 1 February 2024 | 6,345 | 50,520 | 56,865 |
| Additions | - | 16,380 | 16,380 |
| __ | __ | __ | |
| At 31 January 2025 | 6,345 | 66,900 | 73,245 |
| __ | __ | __ | |
| DEPRECIATION | |||
| 1 February 2024 | 4,682 | 39,638 | 44,320 |
| Charge for period | 333 | 5,452 | 5,785 |
| __ | __ | __ | |
| At 31 January 2025 | 5,015 | 45,090 | 50,105 |
| __ | __ | __ | |
| NET BOOK VALUE | |||
| At 31 January 2025 | 1,330 | 21,810 | 23,140 |
| __ | __ | __ | |
| At 31 January 2024 | 1,663 | 10,882 | 12,545 |
| __ | __ | __ | |
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|||
| 2025 | 2024 | ||
| £ | £ | ||
| Stripe Payments | 219 | 717 | |
| __ | __ | ||
| 219 | 717 | ||
| __ | __ | ||
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals | 1,950 | 1,854 | |
| Loan from Nick Swift | 15,336 | 15,336 | |
| __ | __ | ||
| 17,286 | 17,190 | ||
| __ | __ |
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HUMANITY DIRECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 (CONTINUED)
9. MOVEMENT IN FUNDS
| 9. MOVEMENT IN FUNDS |
|||
|---|---|---|---|
| At 1 | Net | At 31 | |
| February | Movement | January | |
| 2024 | In Funds | 2025 | |
| £ | £ | £ | |
| Restricted funds | - | - | - |
| Unrestricted funds | 12,594 | 85 | 12,679 |
| __ | ____ | __ | |
| 12,594 | 85 | 12,679 | |
| __ | __ | __ |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| Resources | Expended | In Funds | ||
| £ | £ | £ | ||
| Restricted funds | 34,290 | (34,290) | - | |
| Unrestricted funds | 118,500 | (118,415) | 85 | |
| __ | __ | __ | ||
| 152,790 | (152,705) | 85 | ||
| __ | __ | __ | ||
| 10. ANALYSIS OF NET ASSETS | ||||
| Restricted | Unrestricted | Total | Total | |
| Funds | Funds | |||
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Tangible fixed assets | - | 23,140 | 23,140 | 12,545 |
| Current assets | - | 6,825 | 6,825 | 17,239 |
| Current liabilities | - | (17,286) | (17,286) | (17,190) |
| __ | __ | __ | __ | |
| - | 12,679 | 12,679 | 12,594 | |
| __ | __ | __ | __ |
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HUMANITY DIRECT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 (CONTINUED)
11. AMENDED ACCOUNTS
The accounts for the year ended 31 January 2025 have been amended.
They
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Replace the original accounts;
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Are now the statutory accounts;
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Are prepared as they were at the date of the original accounts and not as at the date of amendment and accordingly do not deal with events between those dates.
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