Charity registration number: 1153776 Help in Need Today known as HINT Annual Report and Financial Statements for the Year Ended 31 March 2024
Help in Need Today known as HINT Contents (continued) Refetence and Administrative Details Ttustees, Report 2to4 StateeTht of Trustee5' Responsibilities tTLdependent Examiner's Report Staten]ent of Financial Activities Balance Sheet Cash FLOW Statenjent Notes to the Financial Statements IOto15
Help in Need Today known as HINT Reference and Administrative Details Trustees HAII H M A Sofieall M A Muktadeer Charity Registration Number 1153776 Principal Office 37 Madeira Road London N13 5SR Independent Examiller Nicholas Antoniou FCCA NA Associates LLP First floor, Woodgate Studios 2-8 Games Road Cockfosters Hertfordshire EN4 9HN Bankers National Westminster Bat)k plc 288 Green Lanes PalrneTS Green London N13 5GA Lloyds Bank plc 25 Gresham Street London EC2V 7FrN Page I
Help in Need Today Iinown as HINT Trustees, Report The trustees present the at]nual report together with the fmancial statements of the charity for the year ended 31 March 2024. Objective5 and activitie5 Objectiv. stralegies and acÉivili The charity has been very active again this year. We have taken part in the organising of a number of educational and awarenes5 events in UK which were well attended. We are thankful to our staff and volunteers who have supported us in organising the events. We engaged sessional workers to fundraise and promote for Help in Need Today's programme and activities at these events. HtNT has donated funds for education for children in need locally, and for projects in Bangladesh helping the needy and poor people in disadvantaged areas. We have mainly distributed food, educational materials and a number of orphans were also helped througb these donations. During the previous year the charity arranged a pilgrimage to Mekkah for which it received income from the participants to cover the cost of the trip. Objects and aims The objects of the Charity are the PTevention or relief of poverty or fmancial hardship anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support desiglled to enable individuals to generate a sustainable income and be self-sufficient as well as helping needy people survive in extreme poverty. Publlc Beneflt Statemenl The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charlty Commission for England and Wales. Use of volunleers HINT is very involved in the comrnunity and relies on voluntary help. Around 60 volunteers supported us in this financial year (2023 - 60). We wish to thank all our volunteers for their loyaI support and contribution. FKnancial review Total income from donations increased from £454,146 in 2023 to £595,318 in 2024. As a result of this the Charity made a small profit of £3,264, compared to a deficit of £92,401 in 2023. At the year end the clwity had net assets of £101,414 (2023 - £98,150). Policy on reserves The Board has assessed tbe c]wity's requirements for reserves in the liglLt of the n]ain risks to the organisation. A5 a result. the Board has approved a policy whereby the unrestricted fidS not committed, should be held ID reserve and maintained at a level, which enseS that HINT'S core activity could continue during a period of unforeseen difficulty. Page 2
Help xn Need Today known as HINT Trustees, Report (continued) Plans for future periods Actlvlllesplanned to oclileve alms Going forward we plan to continue our charitable objects. We are recruiting more volunteers to Strengthen our management, administration and thndraising. We are Continuing to research and evaluate future projects to fund. We plan to continue fundraising, to strengthen and develop our organisation further and envisage eDhaDcing lives of more disadvantaged people. We would like to thank all our Board Members, Staff, volunteers, and all our service users who have given their energy and commitment to achieve HtNT'5 objectives. We would also like to thank all our donors for their support. Trustees and officers The trustee5 and officers serving during the year and since the year end were as follows: Trustees: HAII H M A Sofiean M A Muktadeer Chairman.. HAII Structure* governance and management Nalure ofgoverning documenl Help in Need Today (HT) is a charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution, dated 12th September 2013. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The affairs of the ¢harity are managed on a day-to-day b&sis by the tnistees, who may exercise all the powers of the CIO. Recrullmenl and appolntment oflrustees In accordance with the terms of the constitution, there must be at least three chaTity trustees. If the number falls below the minimum, the remaining tSteeS can act only to call a Meeting of the ITUStee5 or appoint a new trustee. The charity tNstees may not appoint any charity trustee if as a result the number of charity tSteeS would exceed the maximum. Each new trustee is llY briefed and given a copy of the constitution and the latest trustees, annual report and accounts, on or before appointment. Trustees are recruited with regard to their skills, knowledge and experience needed for the effective administration of the charity. Organisational slruclure The Trustees oversee the day to day running of the charity. Page 3
Help in Need Today known as HINT Trustees, Report (continued) Financial instruments Objectives andpolici The Trustees review risks relevant to the charity &s part of their governance processes. Any material risks identified are discussed and decisions made on potential mitigation. The charity mainly woi-ks with direct project cost whilst the core cost is low and avoidable. If required the organisation can survive with a Cut in funding and has & strong balance sheet. The cliarity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trnstees, which provide written principles on the use of fmancial derivatives to manage these risks. The Charity does not use derivative financiaI instrutncnts for speculative purposes. 2910112025 The annual report was approved by the trustees of the charity on ........ . and signed on its behalf by: HAII Chaimian and trustee Page 4
Help ill Need Today known as HINT Statement of Truste&s' Responsibilities Tlie twstee5 are responsible foT preparing the trustees, report and the financial statements in accordallce with the United Kingdom Accountin(F Standards (Unitcd Kingdom Generally Accepted Accounting Practice) and applicablelaw and itgulations. The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity 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 ch1t]eS SORP. make judg¢m¢nts and estimates that are reasonable prudent" state whether applicable accounting standards have been followeil subjèct to any Lnaterial departures disclosed and explained in the financial statements. and prepare the fancial statements on the going concern basis unless it is inappropriate to presume that the charity will Gontinue in business. Tbe trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time tlie fLnancial positiorL of the ¢harity and enable them to ensure that the fmancial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008. and the provisions of the constitution. Tlie trustees are also responsible for safeguarding the assets of the ch'lty and hence for taking reasonable steps for the prevention and detection of fraud and other irreguIarities. The trustees are responsible for the maintenance and integrity of the corpoTate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 2910112025 and signed on its behalf by.. HAII Chairman and TNstee Page 5
Help in Need Today known as HINT Independent Examiner's Report to the trustees of Help in Need Today I report to the trustees on my examination of the accounts of Help in Need Today foT the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of Help in Need Today you are responsible for the preparation of the accowits in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my exatnination of the Help in Need Today's accounts carried out under section 145 of the 201 l Act and in carrying out my examination I hav¢ followed all th¢ applicable Directions given by tbe Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since Help in Need Today's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirni that l am qualified to und¢rtake the examination because I am a member of ACCA, which is one of the listed bodies. I have completed my examination. I confm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting record5 were not kept in respect of Help in Need Today &5 required by section 130 of the Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'trne and fair view which is not a matter considered as part of an independent examination. have no concerns and have come across rAo other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper Lmderstanding of the accounts to be reached. /VA 7JTrv> é fn Nicholas Antoniou FCCA NA Associates LLP Chartered Certified Accountants First floor. Woodgate Sd10s 2-8 Games Road Cockfoster5 Hertfordshire EN4 9HN Page 6
Help in Need Today known as HINT Statement of Financial Activities for the Year Ended 31 March 2024 Unrestricted fund5 Totsl 2024 Note Income and Endowments from: Donations and legacies Other income 595,318 45.497 595.318 45,497 Total income 640.815 640,815 Expenditure on: Charitable activities (637,551) (637,551) Total expenditure (637,551) (637,551) Net income 3,264 3264 Net movement in fidS 3,264 3264 Reconciliation of funds Total fidS brought forward 98,150 98,150 Total fimds carried forward 101,414 101,414 Unrestricted funds Total 2023 Note Income and Endowments from: Donations and legacies Other inconle 454,146 102,840 454,146 102,840 Total income 556,986 556,986 Expenditure on: Charitable activities 649,387) (649,38 Total expelldire (649,3 87) (649,387) Net expenditure (92,401) (92.401) Net tnovemellt in fidS (92.401) (92.401) Reconciliation of funds Total funds brought forward 190.551 190.551 Total funds carried forward 98,150 98.150 All of the charity's activities derive fronj continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 9. The llotes on pages l O to 15 forni an integraI part of these financial statements. Page 7
Help in Need Today known as HINT (Registration number: 1153776) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 3,326 4,l58 Current assets Debto Cash at bank and in hand 103,303 425 2,982 101,120 103,728 104,102 Creditors: Amounts f811ing due within one year 5,640 io,iio Net eurrent Assets 98,088 93,992 Net Assets 101,414 98,150 Funds of the chArlty: Unrestricted income ndS Unrestricted fijnds 101,414 98,150 Total funds 101,414 98,150 Tlie financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on Afl.-.l.-.Xl.. and signed on their behalf by.. HAII Chainnan and trustee The notes on pages IO to 15 fom an integral part of these financial statements. Page 8
Help in Need Today knowll as HINT Casb Flow Statement for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operating activities Net casb incomel(expenditure) 3.264 (92.401) Adjustments to cash flows from non-casb iten)s Depreciation 832 1,039 4,096 (91,362) Working capital adjustments (Increase)/decrease in debtors (Decrease)/increase in creditors (100,321) (4,470) 3,491 5,265 Net cash flows frorn operating activities {100,695) (82,606) Cash flows from investing activities Purchase of tangible fixed assets (5,197) Net decrease in cash and cash equivalents (100,695) 101,120 (87,803) 188,923 Cash and cash equivalents at l April Cash and cash equivalents at 31 March 425 101,120 All of the cash flows are derived from contilluing operations during the above two periods. The notes on pages l O to 15 fonn an integral part of these financial statements. Page 9
Help in Need Today known as HINT Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Statement of compliance The financial ststements bave been prepared in accordance with the second edition of the Charities Statement of Recommended Prdctice issued in October 2019, the FinanGiaI Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charitkes Act 2011. Basis of prep2ration Help in Need Today meets the definition of a public benefit entity under FRS 102. The accounts (fllLancial statements) bave been prepared under the historical cost conv¢ntion with it¢ms recognised at cost or transaction value unless otherwise stated in the relevant not¢{s) to these accounts. Help In Need Today is ChaTLtsble Incorporated Organisation ("CIO"), based in England, United Kingdom and which operates from its principal office as disclosed on page l. The accounts represent the individual charity financiaI statements. The accounts aTe prepared in the charity5 functional Currency of British Pounds (£) and rounded to the neast £1. Going concern During the previous recent years, the worldwide Covid-19 pandemic affected the charity by reducing the opportlmities for fLdraISing, but they have now mainly returned to pre-pandemic levels after the year end. The charity has adapted its working practices for online awareness and continues to have a strong balance sheet. Therefore the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Donallons and legacl Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is rccognised when the charity has entitlement to the income, it is probable that the income will be received and the arnount can be rneasured with sufficient reliability. Expenditure All expenditure is recognised once there is a legal or Gonstructive obligation to that expenditure, it is probable settlement is required and the alllount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direcdy attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated oll the basis of time spen¢ and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are allocated based on th¢ Spad of staty costs. Governance costs These include the costs attributable to the charity's Compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. Page 10
Help in Need Today known As HINT Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Taxation The charity is considered to pass the tests set out in Pardgraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tax purposes. Accordingly, the charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Coryoration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such illcome or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fed assets are initially recorded at cost, le55 any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fed assets 50 &5 to WTite off the cost or valuation, less any estimated residual value, over their expected useful economi¢ life as follows: Asset class Computer equiptnent Depreciation method and rate 200/0 reducing balance Debtors Debtors with no stated interest Tate and receivable within one year are recorded at transaction price. Any losses arising from impairn]ent are reco1]sed in the profit and loss account in other administrative expenses. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Creditors Creditors with no stated interest rats and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Fund structure Ullrestricted income fimds are general funds that are available for use at the ttee'S discretion in furtherallce of the objectives of the charity. Financial instruments Classification Financial assets and financial liabilities are recognised when the charity become5 a paty to the contractual provisions of the instrument. Financial liabilitics and equity instruments are cla55ified according to the substance of the contracthal arrangements entered into. An equity illstrument 15 any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Pagell
Help in Need Today known as HINT Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Recogiiilion td measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs). except for those financial assets classified as at fair value through prolit or loss. which are initially measured at fair value (which is llortllally the transaction price excluding transaction costs). unless the arrangement constitutes a financing transaction. If an arrangement constitutes a fmancing transaction, the financial asset or fmancial liability is tneasured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a n¢t basis, or to realis¢ the asset and s¢ttl¢ th¢ liability simultaneously. Financial assets are derecogllised when and 0Y when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another paty substantially all of the risks and rewards of ownership of the fjnancial asse¢ or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another paty. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 12
Help in Need Today known as HINr Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 2 Income from dollations 2nd legaei Unrestricted funds Gelleral TotaI fund5 Appeals and donations 595,318 595.318 Total for 2024 595,318 595.318 Total for 2023 454,146 454,146 3 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the 4 Taxation The charity is a registered charity and is exempt from taxation. 5 Tangible red assets Furniture and equxpment Total Cost At L April 2023 5,197 5,197 At 31 March 2024 5,197 5,197 Depreciation At l April 2023 Charge for the year 1,039 832 1.039 832 At 31 March 2024 1,871 1,871 Net book value At 31 March 2024 3,326 3.326 At 31 March 2023 4.158 4.158 6 Debtors 2024 2023 Other debtors 103,303 2,982 Page 13
Help in Need Today known as HINT Notes to the Fxnanci21 Statements for the Year Ended 31 Marcb 2024 (continued) 7 Cash 2nd cash equivalents 2024 2023 Cash at bank 425 101,120 8 Creditors: amounts falling due within one year 2024 2023 Other creditors 5,640 io,iio 9 Funds Balance at I April 2023 Incoming resources Resources expended Balallce at 31 March 2024 Unrestricted funds General 98,150 640,8E5 (637,551) 101,414 Balance at I April 2022 Incoming resourees Resources expended Balance at 31 March 2023 Unrestricted funds General 190,551 556,986 (649,387) 98,150 Page 14
Help in Need Today known as HINT Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 10 Analysis of net assets between lunds Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabilities 3,326 103,728 5,640) 3,326 103,728 5,640) Total n¢t assets 101,414 101,414 Unrestrlcted funds General Total funds at 31 March 2023 Tangible fixed assets Current assets Current Liabilities 4,158 104,102 io,iio 4,158 104,102 10,110) Total net assets 98,150 98,150 11 Related party transactlons During the year the charity made the following related party transactions,. Safar Academy Trust and Safar Publlcatlons Llmited None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with IÉS members must be disclosed to the fjjll board of ttustees in the same way as any other cOntracal relationship with a related party. Safar Academy Trust is a charity which provides learning materials and support to the children in need and is cor)nected tILrough the chainnan of HINT who was also a trustee of Safar Academy Trust. The balance due at the year end is due from Safar Academy TTht and its subsidiary Safar Publications Limited.. At the balance sheet date the amount due from Safar Academy Trust and Safar Publications Limited was £51,950 (2023 £894). Page 15
Help in Need Today knoivn as HINT Statement of Financial Activities by fund for the Year nded 31 March 2024 Total Total Unrestricted Unrestrieted Funds Funds 2024 2023 Income and Endowments from: Donations and legacies Other income 595,318 45,497 454,146 102,840 Total income 640,815 556,986 Expenditure on: Charitable activities 637,551 (649,387) Total expenditure 637,551) (649,387) Net incomel(expenditure) 3,264 (92,401 Net movement in fidS 3,264 (92,401) Reconclliation of funds Total funds brought forward 98,150 190,551 Total funds carried forward 101,414 98,150 This page does not forn) part of the ststutory fanCial statements. Page 16
Hclp in Need Today kuown as HINT Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Ineome and Endowments from: Donations and legacies (allalysed below) Other income (analysed below) 595,318 45,497 454,146 102,840 Total income 640,815 556,986 Expenditure on: Charitable activities (analysed below) (637,551) (649,38D Total expendittwe Net income/(expenditure) Net movement in funds 637,551 649,387) 3,264 92,401) 3,264 (92,401) Reeonelllatlon of funds Total fimds brought forward 98,150 190,551 Total funds Caled forward 101,414 98,150 This page does not forni part of the statutory fan¢1 statements. Page 17
Help in Need Today known as HIwr Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued) Total 2024 Total 2023 Donations and legacies Donations 595,318 454,146 595,318 454,146 Other Income Pilgrimage to Mekkah income Events 35,000 10,497 97.230 5,610 45.497 102,840 Charllable activilics Travelling Pilgrin]age to Meld(ah cost Printing, desi and marketing Poverty relief activities Educational & awareness events and donations Independent exan]iner's fee Professional fees Bank charges Depreciation of otyice equipment Staff training 21,528 36,950 37,939 177,784 352,465 1,680 4,200 2,599 832 1,574 7,675 95,470 28,459 263,640 243,144 1,575 3,690 3,524 1,039 1,171 637,551 649,387 This page does not forni part of the staWtory flln¢la1 statements. Page 18