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Help Yateem Trustees' Annual Report 01 October 2021 to 30 September 2022 Charity name: Help Yateem
Charity registration number: 1158571
Company number: 08672833
Charity’s principal address St Luke’s Business Centre Suite 2, 85 Tarling road London, E16 1HN
Help Yateem Trustees Annual Report for the year ending 30 September 2022.
Purpose and Impact:
Help Yateem was set up 9 years ago by a group of concerned individuals about the increasing number of orphan and needy children in poorer countries that have been impacted by civil conflict and natural disasters. The poor public services in these countries resulted in a lack of educational facilities and basic services for orphan and needy families. We understood that the best and the most long-term sustainable solution is improving the education of these children to short-circuit the cycle of poverty of these communities. Our Vision is:
The advancement of education of orphans in the developing world for the public benefit. The relief of poverty of orphans and widows in the developing world for the public benefit.
We have achieved a lot on gradual basis and assisted many orphan and needy schools with educational facilities that will improve their educational standard. These facilities have helped many children with their employability and becoming self-reliant. For example: Our ICT room projects for orphan schools in Mogadishu benefited many children to become IT literate, employable and self-reliant. This year we have supported the education of 1257 orphan and needy children in different countries with their education, food, and clothing through sponsorship and this has positively impacted their health and wellbeing.
We have assisted the building of Al-Walidayn Boys Orphanage in Kenya that is helping 160 children with their education, food, shelter, and medicine.
We have completed the canteen project for UM-Aisha Girl’s school in Mogadishu. We have refurbished their old canteen that unfit and unhealthy for the students. We have installed new
kitchen, new flooring, and roof with electric fans. The students are happy with the canteen, the school attendance has improved dramatically.
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The canteen now generates income for the school, and they rent it as event venue in the evening after school. We have also provided school uniform and stationery.
Our Ramadan Iftar program this year has helped 4650 people in poorer countries such as the Gambia, Kenya, Somalia, Ethiopia, and Yemen. We have also provided Eid gifts and clothes to 115 orphan children.
Our bakery in Yemen is still operating and helping orphan and needy families with their daily bread benefiting 7520 people.
Our emergency relief programs have helped 2350 people that were affected by the draught and flooding in Somalia and Kenya. This was a mixture of hot-meal programs and food packages. We have also completed 6 water-well projects in needy area in the Gambia, Kenya, and Somalia.
Key to our work for the next five years is creating the orphan and needy families an environment that enables them to become self-sufficient. This will be through improved standard of education and other tailored assistance. The fruits the educational projects takes longer time to bear, but it the only sustainable way to short circuit the cycle of poverty. This is the only way forward as donors’ disposable income is squeezed due to inflation and increasing cost of their day to day expenditure.
Governance and Decision Making
The trustees declare that they have throughout their activities, had regard to Guidance issued by the Charity Commission on public benefit. They review all Charity policies and make sure all projects are carried out in accordance with the Charity commission guidelines. Trustees and key members meet every week or every other week depending on the projects at hand and do the risk assessment and safeguarding necessary for the project delivery decisions. We aim to apply the charity governance code. All trustees give of their time freely and no remuneration or expenses were paid in the year.
Contribution made by volunteers
Our volunteers especially the youth have contributed a lot this year. The youth volunteers managed and made effective use of social media and other donation platforms such as Launchgood, Muslim-giving, Ramadan-Giving, Give-Brite and Just-giving. They also helped improving our website and made it mobile phone user friendly. We listened to our donors and most of them requested to improve the mobile phone donation frame. We also had our own volunteers
on the countries we were supporting especially Somalia, Kenya, Ethiopia and Yemen. The charity is grateful to their contribution.
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Performance of fundraising activities against objectives set
Overall, the fundraising for the year ended 2022 was good and achieved what we expected. We have earlier acknowledged that 2022 will be tough and will be lower than previous year as the donor disposable is squeezed by the high inflation of food and energy. But with the use of TV adverts such as Eman Channel and social media outlets and traditional fundraising, we managed to conduct fruitful fundraising.
Review of the charity’s financial position at the end of the period
Help Yateem had a very good year and total receipts were £469567. Total Expenditure on different projects for the year was £400198. The remaining is carried forward to complete any outstanding and future projects. Help Yateem policy is to have a healthy balance on unrestricted funds for three to six months to cover the running costs of the schools we assist in educational facilities as well as the admin cost necessary to maintain our website. and resource generating activities. We managed not to overdraw throughout the year and have healthy reserve for future outstanding projects.
Our main source of funding comes from online donation and donation platforms such As Launch-good, Muslim-Giving, Ramadan-Giving and Give-Brite. We also do Mosque Collection during Ramadan. We do TV advert and once a year TV fund raising. We have Also started selling dates and profits from proceeds goes back to the charity. The date sale during Ramadan period helped the charity to have good relationship with the donors and also Attracted more donors after they purchase the dates.
Names of the charity trustees
Abdulghani Hassan Chairman Ms Najma Hassan Ashik Miah Jabir Bashir Jokhia Trustee (Appointed 01.02.2022)
Declaration
The trustees declare that they have approved the trustees’ report above Signed on behalf of the charity’s trustees Signature:
Full name: Abdulghani Hassan Position: Chairman Date: 16/08/2023
REGISTERED COMPANY NUMBER: 08672833 (England and Wales) REGISTERED CHARITY NUMBER: 1158571
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for Help Yateem
Help Yateem
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Cash Flow Statement | 7 |
| Notes to the Cash Flow Statement | 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Help Yateem
Reference and Administrative Details for the Year Ended 30 September 2022
TRUSTEES Abdulghani Hassan Chairman Ms Najma Hassan Ashik Miah Jabir Bashir Jokhia Trustee (appointed 1.2.22) REGISTERED OFFICE St. Luke's Business Centre Suite 7, 85 Tarling Road London E16 6NU REGISTERED COMPANY 08672833 (England and Wales) NUMBER REGISTERED CHARITY 1158571 NUMBER INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
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Help Yateem
Report of the Trustees for the Year Ended 30 September 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRATEGIC REPORT
Funds in surplus
The charity received total income of £469,567 (2021: £644.599) during the year. After payment of outgoing expenses of £400,199 (2021: £590,439), The charity was left with a surplus of £69,368 (2021: £54,160) for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 May 2023 and signed on the board's behalf by:
Abdulghani Hassan - Trustee
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Independent Examiner's Report to the Trustees of Help Yateem
Independent examiner's report to the trustees of Help Yateem ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Askir Ali ACCA Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
17 May 2023
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Help Yateem
Statement of Financial Activities for the Year Ended 30 September 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Educational Projects Relief program Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 267,661 31,740 299,401 75,860 - 123,023 31,149 230,032 69,369 263,225 332,594 |
Restricted fund £ - 170,166 170,166 - - 170,166 - 170,166 - - - |
30.9.22 Total funds £ 267,661 201,906 469,567 75,860 - 293,189 31,149 400,198 69,369 263,225 332,594 |
30.9.21 Total funds £ 290,031 354,568 644,599 53,676 70,688 445,569 20,506 590,439 54,160 209,065 263,225 |
|---|---|---|---|---|
The notes form part of these financial statements
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Help Yateem
Balance Sheet
30 September 2022
| Notes CURRENT ASSETS Stocks 9 Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
30.9.22 £ 13,730 289,270 31,394 334,394 (1,800) 332,594 332,594 332,594 332,594 332,594 |
30.9.21 £ 22,518 - 241,907 264,425 (1,200) 263,225 263,225 263,225 263,225 263,225 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 May 2023 and were signed on its behalf by:
Abdulghani Hassan - Trustee
The notes form part of these financial statements
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Help Yateem
| Cash Flow Statement for the Year Ended 30 September 2022 Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
30.9.22 £ (210,513) (210,513) (210,513) 241,907 31,394 |
30.9.21 £ 31,642 31,642 31,642 210,265 241,907 |
|---|---|---|
The notes form part of these financial statements
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Help Yateem
Notes to the Cash Flow Statement for the Year Ended 30 September 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Decrease/(increase) in stocks Increase in debtors Increase in creditors Net cash (used in)/provided by operations 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.10.21 £ Net cash Cash at bank 241,907 241,907 Total 241,907 |
30.9.22 30.9.21 £ £ 69,369 54,160 8,788 (22,518) (289,270) - 600 - (210,513) 31,642 Cash flow At 30.9.22 £ £ (210,513) 31,394 (210,513) 31,394 (210,513) 31,394 |
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The notes form part of these financial statements
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Help Yateem
Notes to the Financial Statements for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Help Yateem
| Notes to the Financial Statements-continued for the Year Ended 30 September 2022 2. DONATIONS AND LEGACIES Donations Gift aid Grants Grants received, included in the above, are as follows: Other grants 3. OTHER TRADING ACTIVITIES Orphan sponsorship Ramadan & Eid packages for orphan families Qurbani for orphan Kenya boys orphanage building project Yemen orphan families relief Zakaat Fund Water & Masjid Project Sales Emergency relief program 4. RAISING FUNDS Raising donations and legacies Support costs |
30.9.22 £ 210,052 57,609 - 267,661 30.9.22 £ - 30.9.22 £ 60,720 75,768 - - - - 12,941 31,740 20,737 201,906 30.9.22 £ 75,860 |
30.9.21 £ 234,138 52,981 2,912 290,031 30.9.21 £ 2,912 30.9.21 £ 51,494 43,817 54,434 85,213 38,918 27,102 25,285 28,305 - 354,568 30.9.21 £ 53,676 |
|---|---|---|
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Help Yateem
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
5. CHARITABLE ACTIVITIES COSTS
| Relief program | Support costs (see note 6) £ 293,189 |
|---|---|
6. SUPPORT COSTS
| Administrative expenses £ Raising donations and legacies 74,060 Relief program 293,189 367,249 |
Governance costs £ 1,800 - 1,800 |
Totals £ 75,860 293,189 369,049 |
|---|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 290,031 - Other trading activities 28,305 326,263 Total 318,336 326,263 EXPENDITURE ON Raising funds 53,676 - Charitable activities Educational Projects 70,688 - Relief program 119,306 326,263 Other 20,506 - Total 264,176 326,263 |
Total funds £ 290,031 354,568 644,599 53,676 70,688 445,569 20,506 590,439 |
|---|---|
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Help Yateem
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| NET INCOME | 54,160 | - | 54,160 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 209,065 | - | 209,065 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 263,225 | - | 263,225 | ||
| 9. | STOCKS | ||||
| 30.9.22 | 30.9.21 | ||||
| £ | £ | ||||
| Finished goods | 13,730 | 22,518 | |||
| 10. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | |||
| 30.9.22 | 30.9.21 | ||||
| £ | £ | ||||
| Help Yateem Trust | 289,270 | - | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.9.22 | 30.9.21 | ||||
| £ | £ | ||||
| Accruals and deferred income | 1,800 | 1,200 | |||
| 12. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| 30.9.22 | 30.9.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| £ | £ | £ | £ | ||
| Current assets | 334,394 | - | 334,394 | 264,425 | |
| Current liabilities | (1,800) | - | (1,800) | (1,200) | |
| 332,594 | - | 332,594 | 263,225 |
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Help Yateem
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 13. MOVEMENT IN FUNDS At 1.10.21 £ Unrestricted funds General fund 263,225 TOTAL FUNDS 263,225 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 299,401 Restricted funds Donation 170,166 TOTAL FUNDS 469,567 Comparatives for movement in funds At 1.10.20 £ Unrestricted funds General fund 209,065 TOTAL FUNDS 209,065 |
Net movement in funds £ 69,369 69,369 Resources expended £ (230,032) (170,166) (400,198) Net movement in funds £ 54,160 54,160 |
At 30.9.22 £ 332,594 332,594 Movement in funds £ 69,369 - 69,369 At 30.9.21 £ 263,225 263,225 |
|---|---|---|
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Help Yateem
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Donation TOTAL FUNDS |
Incoming resources £ 318,336 326,263 644,599 |
Resources expended £ (264,176) (326,263) (590,439) |
Movement in funds £ 54,160 - 54,160 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.20 £ 209,065 209,065 |
Net movement in funds £ 123,529 123,529 |
At 30.9.22 £ 332,594 332,594 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 617,737 Restricted funds Donation 496,429 TOTAL FUNDS 1,114,166 |
Resources expended £ (494,208) (496,429) (990,637) |
Movement in funds £ 123,529 - 123,529 |
|---|---|---|
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Help Yateem
Notes to the Financial Statements - continued
for the Year Ended 30 September 2022
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
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Help Yateem
| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other trading activities Orphan sponsorship Ramadan & Eid packages for orphan families Qurbani for orphan Kenya boys orphanage building project Yemen orphan families relief Zakaat Fund Water & Masjid Project Sales Emergency relief program Total incoming resources EXPENDITURE Other Purchases Closing stock Opening stock Support costs Administrative expenses Orphan educational projects Fundraising costs Administration expenses Orphan ramadan food & Eid gift program Carried forward |
30.9.22 £ 210,052 57,609 - 267,661 60,720 75,768 - - - - 12,941 31,740 20,737 201,906 469,567 22,361 (13,730) 22,518 31,149 120,352 38,598 35,462 78,266 272,678 |
30.9.21 £ 234,138 52,981 2,912 290,031 51,494 43,817 54,434 85,213 38,918 27,102 25,285 28,305 - 354,568 644,599 43,024 (22,518) - 20,506 70,688 34,299 18,177 43,845 167,009 |
|---|---|---|
This page does not form part of the statutory financial statements
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Help Yateem
| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 Administrative expenses Brought forward Orphan sponsorship Yemen relief program Eid qurbani Kenya boys orphanage building Water & Masjid Project Emergency relief program Governance costs Accountancy and legal fees Total resources expended Net income |
30.9.22 £ 272,678 60,337 - - - 11,105 23,129 367,249 1,800 400,198 69,369 |
30.9.21 £ 167,009 49,981 45,773 54,407 226,529 25,034 - 568,733 1,200 590,439 54,160 |
|---|---|---|
This page does not form part of the statutory financial statements
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REGISTERED COMPANY NUMBER: 08672833 (England and Wales) REGISTERED CHARITY NUMBER: 1158571
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for Help Yateem
Help Yateem
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Cash Flow Statement | 7 |
| Notes to the Cash Flow Statement | 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Help Yateem
Reference and Administrative Details for the Year Ended 30 September 2022
TRUSTEES Abdulghani Hassan Chairman Ms Najma Hassan Ashik Miah Jabir Bashir Jokhia Trustee (appointed 1.2.22) REGISTERED OFFICE St. Luke's Business Centre Suite 7, 85 Tarling Road London E16 6NU REGISTERED COMPANY 08672833 (England and Wales) NUMBER REGISTERED CHARITY 1158571 NUMBER INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
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Help Yateem
Report of the Trustees for the Year Ended 30 September 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRATEGIC REPORT
Funds in surplus
The charity received total income of £469,567 (2021: £644.599) during the year. After payment of outgoing expenses of £400,199 (2021: £590,439), The charity was left with a surplus of £69,368 (2021: £54,160) for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 17 May 2023 and signed on the board's behalf by:
Abdulghani Hassan - Trustee
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Independent Examiner's Report to the Trustees of Help Yateem
Independent examiner's report to the trustees of Help Yateem ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Askir Ali ACCA Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
17 May 2023
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Help Yateem
Statement of Financial Activities for the Year Ended 30 September 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Educational Projects Relief program Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 267,661 31,740 299,401 75,860 - 123,023 31,149 230,032 69,369 263,225 332,594 |
Restricted fund £ - 170,166 170,166 - - 170,166 - 170,166 - - - |
30.9.22 Total funds £ 267,661 201,906 469,567 75,860 - 293,189 31,149 400,198 69,369 263,225 332,594 |
30.9.21 Total funds £ 290,031 354,568 644,599 53,676 70,688 445,569 20,506 590,439 54,160 209,065 263,225 |
|---|---|---|---|---|
The notes form part of these financial statements
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Help Yateem
Balance Sheet
30 September 2022
| Notes CURRENT ASSETS Stocks 9 Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
30.9.22 £ 13,730 289,270 31,394 334,394 (1,800) 332,594 332,594 332,594 332,594 332,594 |
30.9.21 £ 22,518 - 241,907 264,425 (1,200) 263,225 263,225 263,225 263,225 263,225 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 May 2023 and were signed on its behalf by:
Abdulghani Hassan - Trustee
The notes form part of these financial statements
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| Cash Flow Statement for the Year Ended 30 September 2022 Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
30.9.22 £ (210,513) (210,513) (210,513) 241,907 31,394 |
30.9.21 £ 31,642 31,642 31,642 210,265 241,907 |
|---|---|---|
The notes form part of these financial statements
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Notes to the Cash Flow Statement for the Year Ended 30 September 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Decrease/(increase) in stocks Increase in debtors Increase in creditors Net cash (used in)/provided by operations 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.10.21 £ Net cash Cash at bank 241,907 241,907 Total 241,907 |
30.9.22 30.9.21 £ £ 69,369 54,160 8,788 (22,518) (289,270) - 600 - (210,513) 31,642 Cash flow At 30.9.22 £ £ (210,513) 31,394 (210,513) 31,394 (210,513) 31,394 |
|---|---|
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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| Notes to the Financial Statements-continued for the Year Ended 30 September 2022 2. DONATIONS AND LEGACIES Donations Gift aid Grants Grants received, included in the above, are as follows: Other grants 3. OTHER TRADING ACTIVITIES Orphan sponsorship Ramadan & Eid packages for orphan families Qurbani for orphan Kenya boys orphanage building project Yemen orphan families relief Zakaat Fund Water & Masjid Project Sales Emergency relief program 4. RAISING FUNDS Raising donations and legacies Support costs |
30.9.22 £ 210,052 57,609 - 267,661 30.9.22 £ - 30.9.22 £ 60,720 75,768 - - - - 12,941 31,740 20,737 201,906 30.9.22 £ 75,860 |
30.9.21 £ 234,138 52,981 2,912 290,031 30.9.21 £ 2,912 30.9.21 £ 51,494 43,817 54,434 85,213 38,918 27,102 25,285 28,305 - 354,568 30.9.21 £ 53,676 |
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Notes to the Financial Statements - continued for the Year Ended 30 September 2022
5. CHARITABLE ACTIVITIES COSTS
| Relief program | Support costs (see note 6) £ 293,189 |
|---|---|
6. SUPPORT COSTS
| Administrative expenses £ Raising donations and legacies 74,060 Relief program 293,189 367,249 |
Governance costs £ 1,800 - 1,800 |
Totals £ 75,860 293,189 369,049 |
|---|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 290,031 - Other trading activities 28,305 326,263 Total 318,336 326,263 EXPENDITURE ON Raising funds 53,676 - Charitable activities Educational Projects 70,688 - Relief program 119,306 326,263 Other 20,506 - Total 264,176 326,263 |
Total funds £ 290,031 354,568 644,599 53,676 70,688 445,569 20,506 590,439 |
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| NET INCOME | 54,160 | - | 54,160 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 209,065 | - | 209,065 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 263,225 | - | 263,225 | ||
| 9. | STOCKS | ||||
| 30.9.22 | 30.9.21 | ||||
| £ | £ | ||||
| Finished goods | 13,730 | 22,518 | |||
| 10. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | |||
| 30.9.22 | 30.9.21 | ||||
| £ | £ | ||||
| Help Yateem Trust | 289,270 | - | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.9.22 | 30.9.21 | ||||
| £ | £ | ||||
| Accruals and deferred income | 1,800 | 1,200 | |||
| 12. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| 30.9.22 | 30.9.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| £ | £ | £ | £ | ||
| Current assets | 334,394 | - | 334,394 | 264,425 | |
| Current liabilities | (1,800) | - | (1,800) | (1,200) | |
| 332,594 | - | 332,594 | 263,225 |
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Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 13. MOVEMENT IN FUNDS At 1.10.21 £ Unrestricted funds General fund 263,225 TOTAL FUNDS 263,225 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 299,401 Restricted funds Donation 170,166 TOTAL FUNDS 469,567 Comparatives for movement in funds At 1.10.20 £ Unrestricted funds General fund 209,065 TOTAL FUNDS 209,065 |
Net movement in funds £ 69,369 69,369 Resources expended £ (230,032) (170,166) (400,198) Net movement in funds £ 54,160 54,160 |
At 30.9.22 £ 332,594 332,594 Movement in funds £ 69,369 - 69,369 At 30.9.21 £ 263,225 263,225 |
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Notes to the Financial Statements - continued for the Year Ended 30 September 2022
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Donation TOTAL FUNDS |
Incoming resources £ 318,336 326,263 644,599 |
Resources expended £ (264,176) (326,263) (590,439) |
Movement in funds £ 54,160 - 54,160 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.20 £ 209,065 209,065 |
Net movement in funds £ 123,529 123,529 |
At 30.9.22 £ 332,594 332,594 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 617,737 Restricted funds Donation 496,429 TOTAL FUNDS 1,114,166 |
Resources expended £ (494,208) (496,429) (990,637) |
Movement in funds £ 123,529 - 123,529 |
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Notes to the Financial Statements - continued
for the Year Ended 30 September 2022
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
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| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other trading activities Orphan sponsorship Ramadan & Eid packages for orphan families Qurbani for orphan Kenya boys orphanage building project Yemen orphan families relief Zakaat Fund Water & Masjid Project Sales Emergency relief program Total incoming resources EXPENDITURE Other Purchases Closing stock Opening stock Support costs Administrative expenses Orphan educational projects Fundraising costs Administration expenses Orphan ramadan food & Eid gift program Carried forward |
30.9.22 £ 210,052 57,609 - 267,661 60,720 75,768 - - - - 12,941 31,740 20,737 201,906 469,567 22,361 (13,730) 22,518 31,149 120,352 38,598 35,462 78,266 272,678 |
30.9.21 £ 234,138 52,981 2,912 290,031 51,494 43,817 54,434 85,213 38,918 27,102 25,285 28,305 - 354,568 644,599 43,024 (22,518) - 20,506 70,688 34,299 18,177 43,845 167,009 |
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This page does not form part of the statutory financial statements
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| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 Administrative expenses Brought forward Orphan sponsorship Yemen relief program Eid qurbani Kenya boys orphanage building Water & Masjid Project Emergency relief program Governance costs Accountancy and legal fees Total resources expended Net income |
30.9.22 £ 272,678 60,337 - - - 11,105 23,129 367,249 1,800 400,198 69,369 |
30.9.21 £ 167,009 49,981 45,773 54,407 226,529 25,034 - 568,733 1,200 590,439 54,160 |
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This page does not form part of the statutory financial statements
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