**Charity Registration No. 1156487** 

## **I HUMAN FOUNDATION** 

(A CHARITABLE INCORPORATED ORGANISATION) 

**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **ANSARI & CO LIMITED** 

Charity Accountants & Consultants 

**BIRMINGHAM** 

**B28 8JG** 



## **I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **CONTENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

|**_______________________________________________________________________________________**|**_______________________________________________________________________________________**|
|---|---|
||**Pages**|
|Legal and administrative information|2|
|Trustees’ report|3 – 6|
|Independent examiner’s report|7 – 8|
|Statement of financial activities|9|
|Balance sheet|10|
|Cash flow statement|11|
|Notes to the financial statements|12 – 21|



1 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2021** 

|**_______________________________________________________________________________________**|**_______________________________________________________________________________________**|
|---|---|
|**Trustees**|Tariq Mahmood|
||Mohammed Rafi|
|**Principal Address**|59 Woodlands Road|
||Sparkhill|
||Birmingham|
||B11 4EJ|
|**Charity Number**|1156487|
|**Independent Examiner**|Mohammad Ansari|
||Ansari & Co Limited|
||Kings Court, 17 School Road|
||Birmingham|
||B28 8JG|
|**Bankers**|Natwest Bank|
||267 Castle Street|
||Dudley|
||DY1 1LJ|



2 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

The Trustees present their report and financial statements for the year ended 31 March 2021. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2019). 

## **Structure, governance and management** 

## _Governing document/Constitution_ 

The organisation is a Charitable Incorporated Organisation (CIO). The charity was established by Constitution and registered with the Charity Commission on 01 April 2014 (with latest amended version as at 25 January 2022), under number 1156487. 

## _Tax status_ 

The charity is registered as a CIO and is therefore exempt from corporation tax and income tax. 

## _Recruitment and training of trustees_ 

The Board of Trustees currently consists of two members who were recruited due to their commitment and expertise.  Role descriptions, where applicable, are issued to each Trustee and a full induction is given setting out the obligations of a Trustee.  The list of current Trustees can be found on page 2 of this document. 

## _Organisational structure_ 

The Charity is principally based in Birmingham, UK but works with organisations across the United Kingdom and abroad.  The Trustees are responsible for the governance of the Charity, and the day-to-day management is performed by the Trustees and volunteers. 

## _Key risks and uncertainties_ 

The Trustees actively review the major risks which the Charity faces on a regular basis, in particular those relating to its operations and finances. They are satisfied that systems are in place to mitigate the charity’s exposure to the major risks. The risk management strategy comprises: 

- A regular review of the risks which the Charity may face; 

- The adequacy of current systems and procedures to mitigate those risks identified in the strategy; and 

- The implementation of procedures designed to minimise any potential risk on the Charity should any of those risks materialise. 

The strategy is reviewed regularly by the Trustees. 

3 



## **I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **Aims, objectives and activities** 

## _Aims, objectives and intended impacts_ 

## Objects: 

_“The prevention or relief of poverty, sickness or financial hardship, anywhere in the world, by providing or assisting in the provision of food aid, education, training, healthcare projects, disaster and the effects of war relief, all the necessary support designed to enable individuals to generate a sustainable income and be selfsufficient, and any other avenue deemed suitable through: grants, items and services to individuals in need and/or charities or other organisations working to meet these aims.”_ 

## _Public benefit statement_ 

The section of this report above entitled ‘Aims, objectives and activities’ sets out the aims and priorities of the Charity. The Trustees have considered this matter, in conjunction with the guidance contained in the Charity Commission’s general guidance on public benefit, and have concluded: 

- That the aims of the Charity continue to be charitable; 

- That the aims and work done give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need; 

- That the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay 

- That there is no detriment or harm arising from the aims or activities. 

## _Review of achievements and performance for the year_ 

After having been a dormant charity, registered but not operational since 2014, the covid lockdown of 2020 brought the impetus needed for the Trustees of I Human Foundation, and they began their fundraising efforts from August 2020. 

The following 9 months till the end of the current financial year brought a flurry of work to build links with international partners and a number of campaigns and project work was able to be delivered. 

The current year has allowed us to fund food distribution campaigns in Pakistan, Bangladesh and Yemen, as well as the funding of many medical operations for needy beneficiaries in Pakistan who could not afford lifesaving medical treatment or by providing wheelchairs for the disabled. 

Water pumps and larger water wells were funded in arid northern areas of Pakistan where access to water is scarce as well as emergency aid in Karachi, to the south, during a period of flash floods. 

We funded a Winter Campaign to distribute blankets and warm clothes to help beneficiaries in the cold areas of Kashmir and also helped fund an old age home project in Pakistan with £4,000 called Jannat House. 

4 



## **I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **Financial review** 

## _Principal sources of funding_ 

The principal source of funding for the Charity is from individual donors within the UK. Voluntary donations received this year for the charity came to £94,188 (2020: £Nil), with no other income source. Costs were kept under rigid control during the year and monitored regularly. We had some donors pay specifically to cover the majority of the running costs of the Charity, such that very little admin deduction was required to cover the remaining costs (1.5% deduction in the year to 31 March 2021). 

## _Reserves Policy_ 

The Charity holds unrestricted funds which have been provided to the charity via donations. Under the terms of the donations, the charity must retain the assets in perpetuity and can only use the income to support its charitable activities. 

The unrestricted funds represent income earned but not yet utilised in supporting charitable activities. At 31 March 2021, the charity held reserves of £14,483 (2020: £Nil). 

## _Going Concern_ 

The Charity reported a cash inflow for the year of £15,133 (2020: No movement). Prior to this the charity had remained dormant. The Charity expects to make an inflow in the year to 31 March 2022 also. Despite the effects of the on-going Covid-19 restrictions on fundraising and project work, the charity having no financial commitments at present, means that after making further appropriate enquiries and gaining assurances over income levels, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, and at least 12 months from the date of the signing of these financial statements, as required to be confirmed. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 

## **Future plans** 

The Trustees intend to recruit more trustees to bring greater expertise to its Board and team. They have also engaged a consultant to help with regulatory compliance and another to focus on increasing fundraising efforts for the Charity. 

On the project front, the Charity hopes to expand the programmes started in the 2020-21 year and look towards expanding the range of their work in other countries. 

5 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **Statement of Trustees’ responsibilities** 

The Trustees are required to prepare financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the net income and expenditure for the year. In preparing those financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in business. 

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and all other applicable law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **Accounts preparation** 

The Trustees confirm that the accounts comply with current statutory requirements, and with those of the governing instrument. 

This report was approved by the Trustees on 20 May 2022 & signed on their behalf, by: 


Tariq Mahmood _Trustee_ 

6 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **Independent examiner’s report to the Trustees of I HUMAN FOUNDATION** 

I report on the financial statements of the charity for the year ended 31 March 2021 which are set out on pages 9 to 21. 

This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 and the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed. 

## **Respective responsibilities of Trustees and Examiner** 

The Trustees are responsible for the preparation of the financial statements. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. 

Having satisfied myself that the company is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to: 

- examine the financial statements under section 145 of the Act; 

- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and 

- state whether particular matters have come to my attention 

## **Basis of independent examiner’s report** 

My 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. 

7 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **Independent examiner’s statement** 

In the course of my examination, no matter has come to my attention:- 

1) which gives me reasonable cause to believe that in any material respect the requirements: 

- to keep accounting records in accordance with Section 130 of the Act; and 

- to prepare financial statements which accord with the accounting records and comply with accounting requirements of the Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. 


Mohammad Ansari 

## **Ansari & Co Limited** 

_Charity Accountants & Consultants_ Kings Court, 17 School Road Birmingham, B28 8JG 

Dated: 20 May 2022 

8 



## **I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

|||**Unrestricted**|**Restricted**|<br>**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2021**|Funds|Funds|2020|
||Note|**£**|**£**|**£**|£|£|£|
|**Income from:**||||||||
|Donations and legacies|2,3|<br>**49,456**|**44,732**|**94,188**|-|-|-|
|||________|________|________|________|________|_______|
|**Total income**||**49,456**|**44,732**|**94,188**|-|-|-|
|||**________**|**________**|**________**|________|________|_______|
|**Expenditure on:**||||||||
|Raising funds|4|**-**|**1,903**|**1,903**|-|-|-|
|Charitable activities|5,7|**4,000**|**73,802**|**77,802**|-|-|-|
|||**________**|**________**|**________**|________|________|_______|
|**Total expenditure**||**4,000**|**75,705**|**79,705**|-|-|-|
|||**________**|**________**|**________**|**________**|**________**|**_______**|
|**Net income/(expenditure)**||||||||
|**before transfer**||**45,456**|**(30,973)**|**14,483**|-|-|-|
|**Transfers between funds**||**(30,973)**|**30,973**|**-**|-|-|-|
|||**________**|**________**|**________**|**________**|**________**|**_______**|
|**Net movement in funds**||**14,483**|**-**|**14,483**|-|-|-|
|**Reconciliation of funds**||||||||
|Total funds brought forward||**-**|**-**|**-**|-|-|-|
|||**________**|**________**|**________**|**________**|**________**|**_______**|
|**Total funds carried forward**||**14,483**|**-**|**14,483**|-|-|-|
|||**________**|**________**|**________**|________|________|_______|



All incoming resources and resources expended derive from continuing activities. 

The notes on pages 12 to 21 form part of these financial statements. 

9 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **BALANCE SHEET** 

## **AS AT 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

||||**2021**||2020|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|£|£|
|**Fixed assets**||||||
|Tangible fixed assets|11||**350**||-|
|**Current assets**||||||
|Cash at bank and in-hand|17|**15,133**||-||
|||__________||_________||
|||**15,133**||-||
|**Creditors:**||||||
|Amounts falling due||||||
|within one year|12|**1,000**||-||
|||__________||_________||
|**Net current assets**|||**14,133**||-|
||||__________||_________|
|**Net assets**|||**14,483**||-|
||||**__________**||**_________**|
|**Funds**||||||
|Unrestricted: General funds|13||**14,483**||-|
||||__________||_________|
||||**14,483**||-|
||||**__________**||**_________**|



The notes on pages 12 to 21 form part of these financial statements. 

The financial statements were approved by the Trustees on 20 May 2022 & signed on their behalf, by: 


Tariq Mahmood _Trustee_ 

10 



## **I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **CASH FLOW STATEMENT** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

|**_______________________________________________________________________________________**|**_______________________________________________________________________________________**|**_______________________________________________________________________________________**|**_______________________________________________________________________________________**|
|---|---|---|---|
||**Note**|**2021**|2020|
|||**£**|£|
|**Cash flows from operating activities:**||||
|**Net cash provided by operating activities**|16|**15,533**|-|
|||**________**|**________**|
|**Cash flows from investing activities:**||||
|Purchase of fixed assets|11|(**400)**|-|
|||**________**|**________**|
|**Net cash provided by investing activities**||**-**|-|
|||**________**|**________**|
|Increase / (decrease) in cash & cash equivalents||||
|in the reporting period||**15,133**|-|
|||**________**|**________**|
|Cash & cash equivalents at the beginning of||||
|the reporting period||**-**|-|
|||**________**|**________**|
|**Cash & cash equivalents at the end of the**||||
|**reporting period**|17|**15,133**|-|
|||**________**|**________**|



The notes on pages 12 to 21 form part of these financial statements. 

11 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **1. Accounting policies** 

The financial statements have been prepared in accordance with 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 01 January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

The following principal accounting policies have been applied: 

## _**a)  Incoming resources**_ 

Income includes the total funds received during the year and comprises donations collected directly or by volunteers and income from fundraising events. Income is recognised in the year in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. 

Income tax reclaimable under the Gift Aid Scheme is recognised on an accruals basis once income is considered probable. 

Donors are given the option to restrict their donation when it is made. Any Gift Aid claimed on restricted donations is classed as unrestricted income. 

## _**b) Resources expended and basis of allocation**_ 

Expenditure is included when incurred and has been shown in the Statement of Financial Activities inclusive of non-recoverable Value Added Tax. 

Expenditure on operational programmes is recognised in the year in which it is incurred. 

Currently all costs are directly attributable to specific activities, but where required, certain shared costs will be apportioned to activities in furtherance of the objects of the Charity. 

12 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **c** _**) Funds accounting**_ 

Funds held by the charity are: 

_Unrestricted funds -_ These are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. 

_Restricted funds_ – These are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. 

## _**d) Tangible Fixed assets**_ 

Tangible fixed assets are depreciated per the following rates: 

Equipment - 25% straight line 

## _**e) Debtors**_ 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## _**f) Cash at bank and in hand**_ 

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## _**g) Creditors and provisions**_ 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.  Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## _**h) Financial instruments**_ 

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. 

13 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## _**i) Judgements in applying accounting policies and key sources of estimation uncertainty**_ 

In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. 

The directors consider that there are no significant areas of key judgement or estimation uncertainty other than those identified in the accounting policies above. 

## _**j) Going concern**_ 

Despite the effects of the on-going Covid-19 restrictions on fundraising and project work, the charity having no financial commitments at present, means that after making further appropriate enquiries and gaining assurances over income levels, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, and at least 12 months from the date of the signing of these financial statements, as required to be confirmed. 

## **2. Donations and legacies** 

||**Unrestricted**|**Restricted**|**Total**|Total|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|Voluntary donations|**49,456**|**44,732**|**94,188**|-|
||_________|_________|_________|_________|
||**49,456**|**44,732**|**94,188**|-|
||_________|**_________**|**_________**|**_________**|



14 



## **I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **3. Analysis of voluntary donations income** 

|**By activity**|**Unrestricted**|**Restricted**|**Total**|Total|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|General Sadaqah|**49,456**|**-**|**49,456**|-|
|General Zakat|**-**|**1,000**|**1,000**|-|
|Food Aid|**-**|**18,997**|**18,997**|-|
|Medical Aid|**-**|**4,930**|**4,930**|-|
|Water Aid|**-**|**4,440**|**4,440**|-|
|Disaster relief|**-**|**360**|**360**|-|
|Winter relief|**-**|**1,165**|**1,165**|-|
|Towards admin costs|**-**|**13,840**|**13,840**|-|
||_________|_________|_________|_________|
||**49,456**|**44,732**|**94,188**|-|
||**_________**|**_________**|**_________**|**_________**|
|**By country**|**Unrestricted**|**Restricted**|**Total**|Total|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|Pakistan|**-**|**27,932**|**27,932**|-|
|Bangladesh|**-**|**1,560**|**1,560**|-|
|Yemen|**-**|**400**|**400**|-|
|Unspecified location|**49,456**|**14,840**|**64,296**|-|
||_________|_________|_________|_________|
||**49,456**|**44,732**|**94,188**|-|
||**_________**|**_________**|**_________**|**_________**|
|**4. Expenditure on raising funds**|||||
||**Unrestricted**|**Restricted**|**Total**|Total|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|Marketing & promotions|**-**|**1,903**|**1,903**|-|
||_________|_________|_________|_________|
||**-**|**1,903**|**1,903**|-|
||**_________**|**_________**|**_________**|**_________**|



15 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **5. Charitable expenditure** 

|**By activity**|**Unrestricted**|**Restricted**|**Total**|Total|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|General Sadaqah (Jannat House)|**4,000**|**-**|**4,000**|-|
|General Zakat|**-**|**1,000**|**1,000**|-|
|Food Aid|**-**|**24,027**|**24,027**|-|
|Medical Aid|**-**|**14,136**|**14,136**|-|
|Water Aid|**-**|**12,425**|**12,425**|-|
|Disaster relief|**-**|**1,000**|**1,000**|-|
|Winter relief|**-**|**8,185**|**8,185**|-|
|Support costs|**-**|**13,029**|**13,029**|-|
||_________|_________|_________|_________|
||**4,000**|**73,802**|**77,802**|-|
||**_________**|**_________**|**_________**|**_________**|
|**By country**|**Unrestricted**|**Restricted**|**Total**|Total|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|Pakistan|**4,000**|**54,645**|**58,645**|-|
|Bangladesh|**-**|**2,525**|**2,525**|-|
|Yemen|**-**|**3,603**|**3,603**|-|
|UK Support costs|**-**|**13,029**|**13,029**|-|
||_________|_________|_________|_________|
||**4,000**|**73,802**|**77,802**|-|
||**_________**|**_________**|**_________**|**_________**|
|**6. Net incoming resources for the year**|||||
||||**2021**|2020|
|This is stated after charging:-|||**£**|£|
|Examiners’ remuneration|||**1,000**|£Nil|
|Depreciation on tangible fixed assets|||**50**|£Nil|
||||**_________**|**_________**|



16 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **7. Support costs** 

|**7. Support costs**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|Total|
||**Funds**|**Funds**|**Funds**|Funds|
||**2021**|**2021**|**2021**|2020|
||**£**|**£**|**£**|£|
|Salaries & wages|**-**|**6,609**|**6,609**|-|
|Consultancy costs|**-**|**5,000**|**5,000**|-|
|Office costs|**-**|**194**|**194**|-|
|Governance costs|**-**|**1,226**|**1,226**|-|
||_________|_________|_________|_________|
||**-**|**13,029**|**13,029**|-|
||**_________**|**_________**|**_________**|**_________**|



## **8. Trustees costs** 

During the current or previous year no remuneration or benefits for services as a trustee have been paid or were payable, directly or indirectly, out of the funds of the charity to any trustee or to any person known to be connected with them. 

Reimbursement of travel and incidental expenses to the trustees came to £Nil during the year to 31 March 2021 (2020: £Nil). Trustees’ expenses related to costs of Trustees’ meetings totalled £Nil (2020: £Nil). 

## **9. Employees** 

||**2021**|**2020**|
|---|---|---|
||**Head count**|**Head count**|
|**No. of employees**|||
|Operations<br>|<br> **1**|-|
|Administration|**1**|-|
||_________|________|
||**2**|-|
||_________|________|
||**2021**|**2020**|
||**£**|**£**|
|**Employment costs**|||
|Salaries & wages<br>|<br> **6,609**|-|
|Social security|**-**|-|
||_________|________|
||**6,609**|-|
||_________|________|



17 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **_______________________________________________________________________________________** 

## **9. Employees (cont.)** 

No employee received remuneration amounting to more than £60,000 in the period (2020: £Nil). The total employee benefits of the key management personnel (the trustees) of the charity was £Nil (2020: £Nil). 

## **10. Volunteers** 

The charity is being run through the kind help of committed volunteers. The Trustees would like to thank all the volunteers without whom the Charity would not be able to run. 

## **11. Fixed assets** 

|**11. Fixed assets**|||
|---|---|---|
||**Equipment**|**Total**|
||**£**|**£**|
|**Cost**|||
|At 31 March 2020<br>|-|-|
|Additions|**400**|**400**|
||_________|________|
|**At 31 March 2021**|**400**|**400**|
||**_________**|**________**|
|**Depreciation**|||
|At 31 March 2020|-|-|
|Charge for the period|**50**|**50**|
||_________|________|
|**At 31 March 2021**|**50**|**50**|
||**_________**|**________**|
|**Net book value**|||
|**At 31 March 2021**|**350**|**350**|
||_________|________|
|At 31 March 2020|-|-|
||**_________**|**________**|
|**12. Creditors**|||
|**Amounts owing within one year**|||
||**2021**|2020|
||**£**|£|
|Accruals|<br>**1,000**|-|
||_________|_________|
||**1,000**|-|
||**_________**|**_________**|



18 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **13. Statement of funds** 

|**(a) Restricted funds**<br>General Zakat<br>Food Aid<br>Medical Aid<br>Water Aid<br> <br>Disaster relief<br>Winter relief<br>Admin & raising funds<br> <br>**Total restricted funds**  <br> <br>**(b)  Unrestricted funds**<br>General Sadaqah funds<br> <br>**Total unrestricted funds** <br> <br>**Total funds**<br> <br>|**Brought**<br>**forward**<br>**£**<br>-<br>-<br>-<br>- <br>-<br>-<br>- <br> ________<br> -<br> ________<br>-<br>**________**<br>-<br> **________**<br>-<br> **________**|**Incoming**<br>**resources**<br>**£**<br>1,000<br>18,997<br>4,930<br> 4,440<br>360<br>1,165<br> 13,840<br>________<br> **44,732**<br>________<br>49,456<br>**________**<br>**49,456**<br> **________**<br>**94,188**<br> **________**|**Resources**<br>**expended**<br>**£**<br> (1,000)<br> (24,027)<br> (14,136)<br>(12,425) <br> (1,000) <br> (8,185) <br>(14,932) <br>_________<br>**(75,705)**<br>_________<br> (4,000)<br>**_________**<br>**(4,000)**<br> **_________**<br>**(79,705)**<br> **_________**|**Fund**<br>**transfers**<br>**£**<br> -<br>5,030 <br>9,206 <br> 7,985<br> 640<br> 7,020<br> 1,092***** <br>_________<br>**30,973**<br>_________<br>(30,973) <br>**_________**<br>**(30,973)**<br> **_________**<br>**-**<br> **_________**|**Carried**<br>**forward**<br>**£**<br> **-**<br>**-**<br>**-**<br> **-** <br> **-**<br> **-**<br> **-**<br>_________<br>**-**<br>_________<br> 14,483<br>**_________**<br>**14,483**<br>**_________**<br>**14,483**<br>**_________**|
|---|---|---|---|---|---|



***** This amount of £1,092 represents the amount of running costs in the year which were not covered by specifically donated funds for admin & fundraising costs and this shortfall was effectively charged across all donations. It represents the equivalent of a 1.5% admin charge on charitable income from donors in the year to 31 March 2021. 

19 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **14. Analysis of net assets between funds** 

|**(a)**<br>|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|
||**funds**|**funds**|**funds**|
||**£**|**£**|**£**|
|**Fund balances at 31 March 2021 are represented by:**||||
|**Fixed assets**<br>|**350**|**-**|**350**|
|**Net current assets**<br>|**14,133**|**-**|**14,133**|
||________|________|_________|
|**Total funds**<br>|**14,483**|**-**|**14,483**|
||**________**|**________**|**_________**|
|(b)<br>|Unrestricted|Restricted|Total|
||funds|funds|funds|
||£|£|£|
|Fund balances at 31 March 2020 are represented by:||||
|Net current assets<br>|-|<br>-|-|
||________|________|_________|
|Total funds|-|<br>-|-|
||________|________|_________|



## **15. Related parties** 

There was one related party transaction in the year (2020: None). The Charity gave a grant to a project in Pakistan for helping the elderly, called Jannat House, which is registered in the name of a Trustee in Pakistan who is the brother of Tariq Mahmood, a Trustee of I HUMAN FOUNDATION. A total of £4,000 was given as a grant to Jannat House by the Charity in the year to 31 March 2021 (2020: £Nil). 

## **16. Reconciliation of cash flows from operating activities** 

||**2021**|2020|
|---|---|---|
||**£**|£|
|Net surplus / (deficit) for the reporting period<br>|**14,483**|-|
|Add: Depreciation charge|**50**|-|
|Increase / (decrease) in creditors|**1,000**|-|
||_________|_________|
|**Net cash provided by operating activities**|**15,533**|-|
||**_________**|**_________**|



20 



**I HUMAN FOUNDATION** (A CHARITABLE INCORPORATED ORGANISATION) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**_______________________________________________________________________________________** 

## **17. Analysis of cash and cash equivalents** 

|||**2021**|2020|
|---|---|---|---|
|||**£**|£|
|Cash at bank and in hand||**15,133**|-|
|||_________|_________|
|**Total of cash and cash equivalents**||**15,133**|-|
|||**_________**|**_________**|
|**17A. Analysis of changes in net debt**||||
||**At start**|**Cashflows**|**At end**|
||**of year**|**in year**|**of year**|
||**£**|**£**|**£**|
|Cash|-|**15,133**|**15,133**|
||_________|_________|_________|
||-|**15,133**|**15,133**|
||**_________**|**_________**|**_________**|



## **18. Ultimate controlling party** 

The Trustees do not consider there to be an ultimate controlling party. 

21