HELP THE PEOPLE TRUST Registered Charity No. 1163740 Financial Statement for the Year Ended 31 May 2024 HELP TH EPEOPLE TRUST LEGAL INFORMATION Name of Charity. Help the People Trust Charity Registration No. 1163740 Registered Addres5: 34 Albert Road London E17 7PS Telephone: Emall: 02085203293 hel the eo letrust mail.com Board ol Trustees: Mr Mudabbir Ahmed Khan Mr Muhammad Muzakkir Hussain Chowdhury Mr Muhammad Ibrahim Haque Indèpendent Examlner: Mohammed Muhit Uddin M Com, ACA. FCCA Muhft &Co. Chartered Certified Accountants 80A Ashfield Street Unit 4 London El 2BJ Banker5: èatrcla￿ Bank bk 278 Hoe St, Wahhamstow London È17 gQE Page I HELP THE PEOPLE TRUST REPORT OF THE TRUSTEES History• Objertlves and Artlvities of Help the People Trust The Trustees of the Help the People Trust submit their report and financial statements for the year ended 31 May 2024. Help the People Trust was set up on the 6, Day of March 2015 and amended on 21 September 2015. Help the People Trust was incorporated as a charity and its name was entered in the Charity Commission's Central Register on the 28 September 2015. The Objectives ol Help the People Trust are: The CharitVs objects are for the benefft of the inhabitants of Bangladesh but not exclusively: lal The advancement of edutatlon in particular disadvantaged people of all faiths (disadvantaged by thelr economic or social circumstances) under the aged of Twenty-Five1251 years in the area of benefrt through the awarding of scholarshlp. accommodation and maintenance allowances and by supporting the work of educational institution5 Wlth the aim of improving the quality and availability of thelr education. Ibl The relief of poverty, the promotion of good health and wellbeing (including the relief of the sickl, the relief of those in financial need, hardship and distress and the relief of suffering among impoverished people (impoverished due to their economic circumstancesl in the area of benefit by providing housing, sanitation, clean water and flnancial assistance. {cl The relief of those in need in the area of benefit who are virtims of natural or manmade disaster or catastrophe in particular by the supply of shelter. food and medic81 aid to such persons. structure, Governance and Management The charity is constituted by a Constitution of a Charitable Incorporated Organisation {CIOI with voting member5 are its Charit¥ Trustee. It is 8overned by the regulation set out in the Constitution and run by a voluntary Executive Committee. The charit*s committee members are elected at the Annual General Meeting every two years. The Executive Committee members are nornially briefed by the Chairman and the General Secretary to familiarise themselves wlth the njles. regulatlons and respons1billt￿es of thè charlty. The Management Committee met six times during the year to review the activities of the charity including the approval of the annual report and accounts as well as budgets. capital expenditure and to set out the fund-raising date for the charity. The day-to-day work of the tharity Is overseen by Ihe Chalrman who is responslble to and reports to the Management Committee. The Executive Committee is aware of the potential risks to the charity, both financial and otherwise. Therefore. strategies are in place to control these rlsks. Assessments have also been taken relating to fi￿ and health and safety. The Executive Committee are seriousty considering other risk areas such as operational, governance and compliance with law and regulations. A 501icitor, who 5pecialises in Charities, law has been consulted about necessary polKies. He advised about it. Policies on Conflict of Interest and Conflict of Loyalty were discussed in trustees. rneeting and special care is being taken to observe these rules. Page 2 Achlevements and Performance of Help the People Trust: The Executive Committee is pleased to report a very active year. Help the People Trust is actwely seeking to protect its financial security to continue to safeguard the ongoing development of the Trust and its projects and services that it offers to the deprived communities in Bangladesh. Tru5tee5 of Help the People Twst are pleased with the Trust's achievements over the last 12 rnonths.. Provided financial assistance to the widows. Provided flnanclal assistance and medicines to the deprived people. Provided financial sUPPOrt for family maintenance for the poor and widows who were in desperate need. Provided support for educational advancement for the poor and needy families. Provided support to rebuild the houses for the homeless people. 8Lsild social housing for homeless and flood affetted people. The Management Committee is indebted to all well-wishers for their support to Help the People Trust. The Executive Committee is very appreciative to the patrons for their financial support. We would also extend a word of thanks to all individuals and other commtjnity groupslorganisations who have worked with and supported Help the People Trust. Flnancial Review The finanaal position of the Charity is portrayed in the accompènyin8Annual Accounts. Statement of Trustee< Responslbilhies- Law appllcable to charitles In England & Wales requires the Trustees to prepare a financial statement for each financlal year. which Bives a true and fair view of the charirfs financial activities during the year and of its financial position at the end of the year. In preparing those financial statements. the trustees are required to: la} Select suitable accounting policie5 and apply consistently Ibl Make judgements and estimates that are reasonable and prudent: Ic) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; Idl Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keepin8 accounting records. which discloses with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charity art 1993. 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 Irregularit￿$. Page 3 Reserve Pollcy It is the policy of the charity that unrestrlcted funds, which have not been designated for a specific use, should maintained at a level equivalent to at least 12 months. expenditure. The Executive Committee conslder that reserye5 at this level will ensure that, in the event of a significant drop In fundin& they will be able to continue the charivs current activities while consideration is gNen to ways in which additional funds may be raised. Help the People Trust will actively work to athieve this level of reserves. Risk Fartors The Trustee5 have assessed the major risks to whsch the charity is exposed and are satisfied that systems are in place to mstigate exposure to the major risks. Independent Examlner As per the provislons of the Charities Art 1993, the Twstees agree that an audit is not required for thi5 financial year- however due to the provisions of the same act an Independent Examiner is required. The Executive Committee agreed to re-appoint Mohammed Muhlt Uddin M Com. ACA, FCCA of Muhit & Co, to carry out the Independent Examination of the accounts in 2024. Accounts approved on the behalf ofthe EXec￿1ve Committee. Mudabbir Ahmed Khan Acting Chalr and Treasurer Dated: 1310212025 Page 4 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF HELP THE PEOPLE TRUST CHARITY REG: 1163740 FOR THE YEAR ENDED 31 MAY 2024 We have examined the financial statements on page$ 6 to 8 which have been prepared on the basis of historlc cost. Res ective res onsibllities of trustees and examiner The charity's trustees consider that an audit is not required for this year (under section 43121 of the tharities Art 1993) and that an independent examination is needed. It 15 our responsibility to- Examine the accounts Follow the procedures laid down in the general directions given by the charity commission; and State whether particular matters have come to our attention. Basis of Inde ndent Examinerfs statement Our examination was carried out in accordance wlth General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It a150 include5 consideratlon of any unusual items or disclosures in the accounts and seeking 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 consequentty we do not express an audit opinion on the accounts. Inde endent Examinerfs Statement In the course of our examinatHJn, no matter has ¢ome to our attention- Which gives us reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that.. Proper accounting records are kept lin attordance with sertion 41 of the Act). and Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. MUHtt & CO. CHARTERED CERTIFIED ACCOUNTANTS 80A ASHFIELD STREET, LONDON EI 2BJ Oated: 1310212025 Page 5 HELP THE PEOPLE TRusr INCOME AND EXPENDITURE ACCOUNT R THE YEAR ENDED I MAY 2024 INCOME Restritted Unrestrlcted Fund Fund 2024 023 Grants & Donations Received 250 250 Profitl Benefit AR Bank TOTAL. LESS: EXPENDITURE Note Restrkted Unrestrkted Fu 2024 DI￿(t charitab￿ Expenses Bank Charges Travel & Subsistence Stationery. Printing & Postage Accountancy & 8ook-keep*n8 Sundry Expenses Total: 78,235 122 96 55 55 180 151 151 NET SURpwsIDEFICIT) FOR THE YEAR Page 6 HELP THE PEOPLE TRUST BALANCE SHEET AT3 MAY 2024 Note 2024 2023 Flxed Assets Current Assets Cash at 8ank- Barclays 8ènk Cash in Hand 220 316 316 Less: Current Liabilitie5 Credltors & Accruals 165 360 1551 1441 Net Current Assets 55 Net Assets l {L4abilitles) Financed By: Sulplus I IDeficitl fund in 2024 Surplus fvnd from 2023 AttumulatÈd Fund Caffred Fon¥ard 99 144) ss 178,5371 78.493 MudabblrAhmed Khan Artlng chalr and Treasurer Muzakkir Hussaln Chowdhury Secretary Page 7 HELP THE PEOPLE TRusr NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POLICIES Basls of Accounting: The financial statements have been prepared under the historical cost convention in atcordance wlth applicable accounting standards. Donati(ms: This represents don*ion received from the following individua15 and organisation as a nature of unrestricted fund. Donations are taken to Income and Expenditure account on a receipt basis. There were no donations received during the year. Trust has used their carry forward fund to continue the charitable work for this year. Reserve Funds The reserve funds are for the use of contlnuous charltable support and for the operational expenses of the Charity. Page 8