Charity Registration No. 1156487 I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 2024 Pages Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial accounts 9-16
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATIONI TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and financial statements for the year ended 31 March 2024. The Trustees have adopted the requirement5 of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charitie5 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective 01 January 20191. Reference and administration details Registered Charity Number 1156487 Principal address 59 Woodlands Road Sparkhill Birmingham BII 4EJ Trustees Tariq Mahmood Mohammed Rafi Mohammed Waseem Khan Structure. governance and management Governing document/Con5titutlDn The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation ICIOI. 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 fa. 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 materlalise. The strategy is reviewed regularly by the Trustees.
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Aims, objectives and activities Objectives: 'Yhe prevention or lief 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: Erants, 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 activitieg sets out the aims and priorities of the Charity. The Tnjstees 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 ond performancefor the year The current year has allowed us to fund food and water aid distribution campaigns in Pakistan and Bangladesh. Flnancial review Principol sources offunding The principal source of funding for the Charity is from individual donors within the UK. Voluntsry donations reiVed this year for the charity Came to £54,791 (2023: £76,154), 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 5UPPOrt its charitable activities. The unrestricted fund5 represent income earned but not yet utilised in supporting charitable activities. At 31 March 2024, the charlty held reserves of £7,406 (2023: £12,251).
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees. responslblllties 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. th This report was approved by the Trustees on 13 January 2025 & signed on their behalf, by: Tariq Mahmood Trustee
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's report to the Trustees of l HUMAN FOUNDATION I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2024. This report is made solely to the charitvs Trustees, as a body, in accordance with section 145 and the regulations made under section 154 of the Charities Act 2011. My work ha5 been undertaken so that I might state to the charit¢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 qUIred for this year under section 144(21 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 145151{bl of the Act; and state whether particular matters have come to my attention Basis of independent exarninerfs 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.
I HUMAN FOUNDATION {A CHARITABLE INCORPORATED ORGANISATION! INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examinerfs statement In the course of mv examination, no matter has come to my attention:_ 11 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 wlth the accountlng 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. Shablr Nawab & Co Accountants 11 Portland Road Edgbaston Birmingham B16 9HN th Dated: 13 January 2025
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Total Totsl 2023 2024 Note Incoming Resources: Donations and legacies 54,791 76,154 Totsl incoming Resources 54,791 76,154 Resources Expanded: Expenditure: Raising funds Charitable actlvlties 1,702 57,934 I,ioi 78,647 Total expenditure 59,636 79,748 Net (Outgoing)/incoming Resources for the Year (4,845) (3,594) Total funds brought fopNard 12,251 15,845 Total funds carried forward 7,406 12,251 All incoming resources and resources expended derive from continuing activities. The notes on pages 9 to 16 form part of these financial statements.
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible fixed assets 50 150 Current assets Cash at bank and in-hand 13 8,856 15.101 8,856 15,101 Creditors: Amounts falling due withtn one year io 1,500 3,000 Net current assets 7,356 12,101 Net assets 7.406 12,251 Funds Unrestricted: General funds li 7,406 12,251 7,406 12,251 The notes on pages 9 to 16 form part of these financial statements. th The financial statements were approved by the Trustees on 13 January 2025 & signed on their behalf, by: Tariq Mahrnood Trustee
I HUMAN FOUNDATION IA CHARITABLE INCORPORA.TED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng 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 IFRS 1021) and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The Charwty 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 applled: a) Incomlng resources Income includes the total funds received during the year and comprises donations collected directlv 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 tsx reclaimable under the Gift Aid Scheme is recognised on an accrua15 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 exoended und basis of ollocatlon 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 shad costs will be apportioned to actlvities in furtherance of the objects of the Charity.
I HUMAN FOUNDATION IA CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CJ Funds accounting Funds held by the charity are: Unrestrictedfunds 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 Flxed a55ets Tangible fixed assets are depreciated per the following rates: Equipment -25% straight1Sne ej 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. AJ Cash ot bonk and in hand Cash at bank and in hand includes cash and short term highly liquid inve5tmentS With a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. g) Credltors 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 amotjnt 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 IN.CORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 i) Judgements in applylng accounting pollcles and key sources of estlmation 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 circumstance5. 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 Unrestrirted Funds Restrlcted Funds 2024 Total Funds Total Funds 2024 2024 2023 Voluntary donation5 17,796 36,995 54,791 76,154 17,796 36,995 54,791 76,154 3. Expenditure on raising funds Unrestricted Funds Restrlcted Total Funds 2024 Total Funds 2023 Funds 2024 2024 Marketing & promotions 1,702 1,702 1,101 1,702 1.702 1,101 li
I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4. Charltable expenditure Provision of Food-packs and water-aid By country Unrestrirted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Pakistan Bangladesh Turkey UK Support costs 53,379 53,379 69,775 4,325 1,700 2,855 1,700 2.855 4,547 57,934 57,934 78,647 5. Support costs Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Salaries & wages Office costs Governance costs 1,676 473 706 1,676 473 706 2,104 420 2,023 2,855 2,855 4.547 6. Trustees costs During the current or previous year no remuneration or benefits for SeICe5 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 ORGANIS.T10N) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 7. Employees 2024 Head count 2023 Head count No. of employees Operations Administration 2024 2023 Employment costs Salaries & wages 1,676 2,104 1,676 2.104 8. Voluntsers 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 2024 9. Flxed assets Equipment Total Cost At 31 March 2023 Additions 400 4CM) At 31 March 2024 400 Depreciation At 31 March 2023 Charge for the period 250 250 ICM) loo At 31 March 2024 350 350 Net book value At 31 March 2024 50 50 At 31 March 2023 150 150 10. Creditors Amounts owing within one year 2024 2023 Accruals 1,500 3,000 1,500 3,000 14
I HUMAN FOUNDATION (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. ststement of funds Brought forward Incoming resources Resources Expended Carrled forward General Funds 12,251 54,791 {59,636) 7,406 Total funds 12,251 54.791 (59,636) 7,406 12. Related parties There were no related party transactions for the year. 15
I HUMAN FOUNDATION {A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysis of cash and cash equivalents 2024 2023 Cash at bank and in hand 8,856 15,101 Total of cash and cash equivalents 8,856 15,101 13A. Analysis of changes in net debt At start of year Cashflows in year At end of year Cash 12,251 14,845) 7,406 12,251 {4,845) 7,406 14. Ultimate controlling party The Trustees do not consider there to be an ultimate controlling paty. 16