2023-03-31-accounts

Charity Registration No. 1156487

I HUMAN FOUNDATION

(A CHARITABLE INCORPORATED ORGANISATION)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

SHABIR NAWAB & CO ACCOUNTANTS

11 Portland Road, Edgbaston

BIRMINGHAM

B16 9HN

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2023

_______________

	Pages
Trustees’ report	2 - 4
Independent examiner’s report	5 – 6
Statement of financial activities	7
Balance sheet	8
Notes to the financial accounts	9 - 16

1

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

_________________

The Trustees present their report and financial statements for the year ended 31 March 2023. The Trustees have adopted 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).

Reference and administration details

Registered Charity Number 1156487

Principal address

59 Woodlands Road Sparkhill Birmingham B11 4EJ

Trustees

Tariq Mahmood Mohammed Rafi Mohammed Waseem Khan

Structure, governance and management Governing document/Constitution

The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation (CIO).

Tax status

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

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.

2

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

_______________

Aims, objectives and activities

Objectives:

“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 self-sufficient, 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

The current year has allowed us to fund food and water aid distribution campaigns in Pakistan and Bangladesh.

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 £76,154 (2022: £101,545), with no other income source. Costs were kept under rigid control during the year.

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 2023, the charity held reserves of £12,251 (2021: £15,845).

3

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

_______________

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 22[nd] December 2023 & signed on their behalf, by:

Tariq Mahmood Trustee

4

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

INDEPENDENT EXAMINER’S REPORT

FOR THE YEAR ENDED 31 MARCH 2023

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

I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2023.

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.

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.

5

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2023

_______________

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.

Shabir Nawab & Co Accountants

11 Portland Road Edgbaston Birmingham B16 9HN

Dated: 22[nd] December 2023

6

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

_______________

		Total	Total
		2023	2022
	Note	£	£
Incoming Resources:
Donations and legacies	2	76,154	101,545
		__	_
Total incoming Resources		76,154	101,545
		__	_
Resources Expanded:
Expenditure:
Raising funds	3	1,101	1,181
Charitable activities	4,5	78,647	99,002
		__	_
Total expenditure		79,748	100,183
		__	_
Net (Outgoing)/Incoming
Resources for the Year		(3,594)	1,362
Total funds brought forward		15,845	14,483
		__	_
Total funds carried forward		12,251	15,845
		__	_

All incoming resources and resources expended derive from continuing activities.

The notes on pages 9 to 16 form part of these financial statements.

7

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

BALANCE SHEET

AS AT 31 MARCH 2023

_______________

			2023		2022
	Note	£	£	£	£
Fixed assets
Tangible fixed assets	9		150		250
Current assets
Cash at bank and in-hand	13	15,101		17,595
		____		___
		15,101		17,595
Creditors:
Amounts falling due
within one year	10	3,000		2,000
		____		___
Net current assets			12,101		15,595
			____		___
Net assets			12,251		15,845
			____		___
Funds
Unrestricted: General funds	11		12,251		15,845
			____		___
			12,251		15,845
			____		___

The notes on pages 9 to 16 form part of these financial statements.

The financial statements were approved by the Trustees on 22[nd] December 2023 & signed on their behalf, by:

Tariq Mahmood Trustee

8

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

_______________

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.

9

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

_______________

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.

10

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

_______________

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.

2. Donations and legacies

	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2023	2023	2023	2022
	£	£	£	£
Voluntary donations	16,593	59,561	76,154	101,545
	___	___	___	___
	16,593	59,561	76,154	101,545
	___	___	___	___
3. Expenditure on raising funds
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2023	2023	2023	2022
	£	£	£	£
Marketing & promotions	-	1,101	1,101	1,181
	___	___	___	___
	-	1,101	1,101	1,181
	___	___	___	___

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I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

_______________

4. Charitable expenditure

Provision of Food-packs and water-aid :

4. Charitable expenditure Provision of Food-packs and water-aid :
By country	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2023	2023	2023	2022
	£	£	£	£
Pakistan	-	69,775	69,775	78,679
Bangladesh	-	4,325	4,325	3,000
Yemen	-	-	-	2,025
Palestine	-	-	-	8,798
UK Support costs	-	4,547	4,547	6,500
	___	___	___	___
	-	78,647	78,647	99,002
	___	___	___	___
5. Support costs
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2023	2023	2023	2022
	£	£	£	£
Salaries & wages	-	2,104	2,104	1,798
Office costs	-	420	420	402
Governance costs	-	2,023	2,023	4,300
	___	___	___	___
	-	4,547	4,547	6,500
	___	___	___	___

6. 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.

12

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

_______________

7. Employees

	2023	2022
	Head count	Head count
No. of employees
Operations	1	1
Administration	1	1
	___	__
	2	2
	___	__
	2023	2022
	£	£
Employment costs
Salaries & wages	2,104	1,798
	___	__
	2,104	1.798
	___	__

8. 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.

13

I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

_______________

9. Fixed assets
	Equipment	Total
	£	£
Cost
At 31 March 2022	-	-
Additions	400	400
	___	__
At 31 March 2023	400	400
	___	__
Depreciation
At 31 March 2022	150	150
Charge for the period	100	100
	___	__
At 31 March 2023	250	250
	___	__
Net book value
At 31 March 2023	150	150
	___	__
At 31 March 2022	250	250
	___	__
10. Creditors
Amounts owing within one year
	2023	2022
	£	£
Accruals	3,000	2,000
	___	___
	3,000	2,000
	___	___

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I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

_______________

11. Statement of funds

	Brought	Incoming	Resources	Carried
	forward	resources	Expended	forward
	£	£	£	£
General Funds	15,845	76,154	(79,748)	12,251
	__	__	___	___
Total funds	15,845	76,154	(79,748)	12,251
	__	__	___	___

12. Related parties

There were no related party transactions for the year.

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I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

_______________

13. Analysis of cash and cash equivalents

		2023	2022
		£	£
Cash at bank and in hand		15,101	17,595
		___	___
Total of cash and cash equivalents		15,101	17,595
		___	___
13A. Analysis of changes in net debt
	At start	Cashflows	At end
	of year	in year	of year
	£	£	£
Cash	17,595	(2,494)	15,101
	___	___	___
	17,595	(2,494)	15,101
	___	___	___

14. Ultimate controlling party

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

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