Charity number. 1167943 SAVE AN ORPHAN (INTERNATIONAL) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SAVE AN ORPHAN (INTERNATIONAL) CONTENTS Page Refer•nca and Administratlve Dètails olthe Charlty, Its Trustees and Advisers Trustegs. Report Indèpgndant Auditors, Report on the Flnan¢ial Stateménts Statement of Flnanclal Activities 10-13 14 8alanr¢ Sh••t 15 statgment of Cash Flows 16 Notss to thé Flnanclal SL7tomonts 17-29
SAVE AN ORPHAN (INTERNATIONAL) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trusts•s Mumtaz Bostan Sadhia Ahmed Wasiq Aftab Chaudhry Charity reglstsrod number 1167943 Principal offlce City West Office Park Gelderd Road Build1r 3 Leeds LS12 6LN Hoad of Operations Nazahkuth Khan Ind•pondent auditors Streets Audit LLP Ch8rt8rèd Accountant and Statutory Auditors Lucy Towar Street Lincoln LN11XW Bankers Rayan 24a Calthorpe Road Edgbaston Bimiingham B15 1RP Page 1
SAVE AN ORPHAN (INTERNATIONAL) TRUSTEES. REPORT FOR THEYEAR ENDED 31 DECEMBER 2023 The Tw51ees present thelr annual report Iether with the audited financial stalements of the Charity for the year 1 January 2023 10 31 Dacember 2023. Intr<>duction The Trustees of Save An Orphan Intemalional ISOII are delighted to presanl the annual report alongside the financial ststemenls for th8 year ended 31 Dember 2023. This year has been marked by remarkable growth, impactful humanitsrian efforts, and strengthened community patherships. Through the unwavering supwjrt of OUT donors. volunteers, and pathers. SOI has signtficanlly advanced its mission to alleviato poverty. support orphans. and prowde essential aid lo communities in need wortdwide. Save an Orphan Intemational Is providing vital aid to some of the most vuln6rabl6 p80ple in MmUnitieS that are in desperdle need due to povety and conflict. With our strerbgthene¢J strategy for Income generation, we are poised to expand our efforts gven further. This enhanced approach will enablo us to deliver critical support to significanljy largor number of beneficiaries. Our goal is lo substsntially increase the number of people we reach, in line with the anfjcipatad growth in the CharilS income. We are confident that this strategy will not only amplfy our impact but also create sustainable change in the communities we serve. A5 we grow, so does our commitment to providing long-term solutions lo allèviate suffering. The dedication and generosity of our supporters conlirbue lo inspire us, and logather, we ara making meaningful drfference in the INes of Ihose who need it most Objectiv•$ and actlvltles o. Poll¢los and obJ•Gttv8s Save An Orphan International is dedicated to: Preventing and Relieving Poverty. Addressing financAal hardship globally by pmiding gdUtion. training. healthcare, and the necessary support to empower individuals to generate s(thinable incomes and achlgV8 self-sufficiency. Rdieving Financial Need arKI SufferfrKJ: Assisthng victims of natural and other disasters wth medic81 aid, and other e55ential reSourS tsilored to the needs of affected indNiduals. org8nisalion$, and cornmunities. ProMOng Charitable PuTposes.' Advancing other charitable objèctiv8s as detsmiined and agreed upon by the tnjstees to r8spDnd dynamically to emerging ng8ds and opPortunes. In setbng objectives and plannlng for actwities, the Trustees have gwen due con8lderadon tr) general guidarKe published by the Charity Commisslon relaling to public benefrt. induding the guiijance 'Publi¢ bgnefft.. running a charity IPB2)'. b. Strategles for achieving objecti Our stratsgic approach focus8s on robust fundraising, slralegic partnershlps, and targeted programme delivery to maximlse our ImpaGt-. Fundraising Initiatives: Ulis1ng TV appeals. social media campaigns, and dlrect donor outreach to generate essential fijnds. Humanit8ri8n RelieP ProvidSng Immediate assistance during dIsasts and (¥is8S. Page 2
SAVE AN ORPHAN {IKfERNATIONAL} TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 Oblecllvos and actlvities (contlnuedl Sea50n81 Progrnmmes: Con(JucUng targeted initiatives during key perfo(ts suth as Ramadan and Qurbani to meet spec¢ communty needs. Orphan Care: Offering Sustained s¥Jpport to orphans through sponsorship programmes that ensure thoir well-being and provide acce5S to eduLxtion. Sustainable Development: Implemenling programmes that promote access lo clean water, healthcare. education. and food security lo foster long-t9rm community resilienca. c. Grantrymaking policles During the year the charity awanled grants totalling £335.440 {2022: £125.0901 to other UK registered charities who administer and deliver emergency aid and other relief to those in poverty, on behaw of Save an Orphan Inlemalional. There are no grants awarded directty to individuals. The major mpaIgnS and appeals delivered through thesè grants are 8et out in the review of actNtbes within this reporL Achievements and porfornianca a. Maln achlevements of the Charity The year 2023 was transformational for Save An 0h8n Intemalional. marked by significant advancements in our programm8s and outreach efforts: Income Growth: Rem8rkabl8 growth achieved across all fundralslng channels Program Expansion.. Enhanced the quality and scope of our aid delNery teams, enabling us to reath more communttSes globally. strategic Parbwrships.. Forniad new alliances that have expandgd our oparational capacity and global f[)rint. b. R¢vl•w of actlvltles Ma or Cam ns and Inloaliv Fd thè Poor Campaign Delivered over 100,000 hot meals lo undemourished communities. Distributed 5.000 food parcels tailored to locd dietary needs. addressing malnutrSUon in the nw)st vulnerable populations. Build a Well Campaign Constructed hundreds of hand*ump wells, providbng asS to dean water for up to ten years. Established deep cornmunitywells, seNing ¢)ver 1.000 people daily. signfficanuy improving sanltation and hygiene prdctice8. Sponsor an Orphan Programmg Sponsored orphans, ensuring th8ir well-being by providir¥J dean water, nutribous food. educational resources, and ac¢g&8 to teachers and mentor5. Page 3
SAVE AN ORPHAN (INTERNATIONALI TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 AchI8v•ments and perfomianee Icontlnugd) Ramadan and Qurbani App•als Raised signthc*nt sums durfng Ramadan through the Your Ten Nlghts. and Your 30 Days Auto Givlng. initiatives. Provided thousands of meals during Qurbani across Asia and Africa, including crisi&affected regions like Palestine. Pakistan, Syria, and Yemen. DelThiered Qurbani shares. offering cost-effective options for donors to support large-scale animal sacrificas. Crisis and Disaster Res onses Turk•y4yria Earthquake Response (Fobruary 2023) Distribut8d over 1.000 family food packs. ensuring that 8arthquake4ffected familles had awss lo essential stsples. Supplied medical aid kits and fiyglene k(ts. supporting health and sanitation in disaster zonas. PalestinelGaza Crlsls Response {20231 Delivered family food packs containing rice, breat1, long-lrfo milk. tinned food. oil. and sugar. tallorod to local di8ts. Provided hol meals daily to disp18¢ed families. Established temporary accommodations. induding strong tènts, mattresses, and pillows. ensuring safe shelter lor thousands of orphans and families. Supplied medical aid klts and hygiene kits. maintaining health stsndards during ongoing conflicts. Qurbani 2023 Facilitated the di$tribLrtlon of thousands of meals in crisi8-hit UntrieS. Enabled cosleffectiV8 Qurtjani shares at £25 per share, allowing donors to contribute effectivety to18rge- scale saerifices. c. Fundraising activIe5 and Incom• gon•ration Fundraising Avenues In 2023. Save An Orphan Intsmational dNersified its fUrraiSing strategies to ensure $l1nable growth and erbhanced donor ongag&menL Digitsl Pay-Per-Click (PPC) advertssing is a pow8rful component of digital paid marketing that offars numerous beneffts for the chaThty as a major contributor to donor growth. Individual Donor Giving.. Cultivated relattonships with individual supporters through pgrsonalised outreach. Major Donor Giving.. Engaged high-value dorr$ to se¢xre substsntial ntribUtionS for largele projects. Challeng6s and Donor Fundraiserfs- Organisod events and challenges to motivate (xmunity pacIpatIon and raise func6s. Live TV Appeals.. Hosted live television events to reach a broader audience and boost donatio. Volunteers: Leveraged the dedication of volunteers lo support fundraising ackn"vtknes and programme delivery. Direct Mail Carnpalgns.. Ulilised targeted mailings to inform and solicit support from potential donors. Online Giving: Enhanced our digital platfomis lo facilitsle easy and sgcure online donations. Inboundloutbound Donor Support Centre: Estsblished a dgdl¢ated support centre to manage donor inquiries and prowde timely assistanc8. Page4
SAVE AN ORPHAN (INTERNATIONAL) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 AGhlevomonts and perforniance Icontinuedl Ma or Banefits These fundraising efforts have yielded significnt ben8fits for SOI: Raising Awareness: Increased domestic 8warenes$ of our international work among key demographics. Communty Presence.. Enhanced our visibility and pres8nc8 Within IOCAI communities. Donor Database Growth.. Expanded our donor database. lang the foundation for iong-term financial sustainability. Volunle8r Nerk Expansion.. Grew ourvolunteer base. enabling us to executs more projects effidendy. Goodwill Building: Fostered strong relationships and goothill within the communiles we serve, ensuring ongoing trust and supporL Maximis act At Save An Orphan Intemational, our commitment to maximising impact is unwavering. We Invest In real solutions that foster sustsinable development and empower communities.. Healthcare Programmes.. EstablSshed clinics and health education initiatives, impmwng access to medical care and promoting heaith awareness. EdtiOn and Training.. Provided educational tools, books, ar teacher support to 8nsur8 that orphans and vulnerable children receive a qu811ty e(luc8tion. Livelihood Programmes= Offered vocational training and resources lo help indtviduals generats sustainable incomes and achiev0 $8lf4ufficiency. Emergency Response.. Maintsined readiness to delwer critical aid during emergencies, ensuring swfft and effective interventions. Our skllled partners play a cruual role in aSSing and deliverlng vital aid to hardknreach communities, ensuring that our programmes are both effectNe and sustainable. d. Investrnents Organisational Enhancements In 2023, SOI made strateglc investments to strengthèrb our organisational infrastructure.. staff and Training= Expanded our team and Invested in comprehansive training programmes to ènhance our operational capabilities. Technology Upgrades.. Updated our website and implemented a bespoke Customer Relationship Management ICRMI system, enabling real-time perfomiance tracking and improved donor engagement. Brand Building= In¢ased our presence on TV and social media platforms, raising public 8wareness and attracting new supporters. CRM Systsm.. The new CRM system allows us to better understarHI donor behaviours, provide timely feedbaL, and tsilor our communications to meet modem donor tsxpoctations. These Investments position SOI for sustsined growth 8nd anhanc8d impact in the years to come. Page 5
SAVE AN ORPHAN (INTERNATIONAL) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEPABER 2023 Flnanclal revlew a. Golng ¢onc•rn After making appropriate enquiries, the Trustees have a reasonable expedation that the Charity has adequate r850urces lo continue in operational existence for the for8s88abl8 hJtur8. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding Ihg adoption of the going conrn basis can be found in the accounting policies. b. Resorv8s policy The purpose of Ihls reservgs policy is to onsure the financial stability of Save an Orphan and its ability to carry out ils ¢harilabl8 mission in th8 fac8 of unfor8sa8n 8v8nts or frnanoal challenges. The reserves provide safeguard, allowing the charity to contlnue its operations. maintain essential services, and adap* to changes in funding or operational demands. The pollcy aligns wth the charitys strategic goals to ensure long-term sustainability and operational r8sili&nce. Save an Orphan aims to maintain a reserve of £150,000. This amount represents approximatety Ihree month5 of fLxed operational costs, which will provide aLlequale PTOt8ction against any short-tem disnjptions in incorn8 or unexpected expenditure. The reserves are based on three months of esttmated fixed operating expenses. ensuring Ihal essential actiwties and services can continue in the event of an economic downtum. unexpected loss of income, or oth8r financial challengos. A number of charity contracts have a three month carbcellation claus8. The charity benefits from a stable income stream, derived from multiple 8ource8 such 85 direct debits and general donations. This diversified In¢ome b88e provides securlty but does not elimSnate the need for reseNes to cover any potential short-term irKome fluctuations or delay8 in receipt of funds. Al present, the Charity has no slgnificanl long-term mMitments. such as leases or service contracts, beyond those with a temiination notice period of three to six months. This flexibility reduces the risk of large. Unfor& finanual obligations and reinforces the stability provided by the r85erves. The charity conducts regular reviews of income and expenditure lo ensur8 pnJd&nt financi81 management. The tharity has navigated economic downtums succassfully and continuas to grow. The management team is ¢xFmmitted to ongoing finanaal risk assessmgnl to ensure that rgservos remain suffiuent to cover unexpected ¢h811eng8s. The reserve level and this policy wll be reviawed annually by the Board of Trustees, ensuring that M remalns aligned with the charitls financial needs, opprational Sts, and long-tsmi objeclivgs. At the year end 31 December 2023 the charity has totsl reserves of £244,031 12022.. £29,367 deficill, with £337,549 12022- £18,338} ropresonting restrict8d funds to be &xp8nd8d on em8rg8ncy relief. and a negatwe general funds balance of £113.518 12022.. £47.705). Genefal fvnds are expected to be surplus in the current year. as a rasult of additional income as the charity continues to grow. The 2023 expenditure on general funds includes additional investmerbt relating lo mark8ting and donor feedback, as set out in the Trustees. Report. Page 6
SAVE AN ORPHAN IINTERNATIONAL) TrUSTEES' REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Structur• govornanco and managomant . Constitution Save An Orphan Ilntemationall is registered as a Charitable Incorporated Organisation {CIOI under Part 11 of th8 Charities Act 2011 since June 2016. The Trustees are legalty responsible for the govemance and manag8mgnt of tha charity. ensuring cLJmpliance with all regulatory requirements and adherence to our mission and values. b. Mèthods of appolntment or elertlon of Trustsos The management of the Charity is the responsibility of the TTU5tee5 who are elected and Cp>OPted under the tsmis of th8 CIO constitution. c. Organisational stru¢turn and d•¢ision-maklng pollelos The organisational strucre of SOI is designed to support effient management and programmg delwaw. Trustees." Provide govemance and strategic direction. Stsnior Management Team.. Responsible for day-taY operations and implementation of trustse- approved strategies. Staff and Volunteers: Execute progTammes and support fundTrising efforts on the ground and In adminislrativg ¢apaotias. Trustees are tasked with.. Strategic thrslghL. Settlng the strategic direction and ensuring the effethe implementation of policies. Financial Stewardship.. Overseeing financial management and ensuring the Charits financi81 health. Compliance and Accountability: Ensuring compliance with leg31 obligations and maintsining accountsbilty to donors and beneficiaries. Inducting New Trustees.. Bringlng in new truste8s as needed to enhance the charitys govemance and operational capabilities. d. Pollcl•s adopt•d for th• Inductlon and trainlng of Trustee5 New trustees undergo Inltlal tr81nlng to brief them on: their legal obligations under charity law, the Charity Commlssion guldance on public benefft. and inform them of the ntent of the CIO Foundation, the tnjstee board and decision4naking processes, the tharity busin8ss plan and recant financial perf0mlan of the charity. During the induction process they mg81 key employees and other trustees. Trustees are encouraged lo attend appropriate external training events where Ihese will facilitate the undertaktng of their role. e. Pay policy for koy management personnel Trustees appoint key management personnel. ensuring that the organisation is led by competent and dedict8d individuals who align with SOI'S mission and values. In the year ended 31 December 2023 there were no permarbent employees. wth the charity trustees undertaknng various management TesponsibilTbes on a voluntary basis. The charity diij uttlisg the services of a contractor to assist with managemerbt fun¢tlon8. and this has moved to 8 more pemianent arrangemant since the year end. Page 7
SAVE AN ORPHAN {INTERNATIONAL) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER2023 Plans for futur• porl¢)ds The year 2023 has been a perfod of growth. resilien. and profound Impact for Save An Orphan Intemationaj. Despite global challenges. we hav8 successfully expanded our reach, enhanced our programme5. and dgepened our relab'onships with donors and pathers. Our commitment lo Irdnsparency, accountability, and effective programme delivery remains steadfast as we look forward to building on this momentum In 2024 and beyond. With heartfelt gratitude. we thank our donors, volunteeTS. partners. and sUPPOrters for theSr unwavering d8dicAtion and generosty. Together. we continue to transfomi lives and create a brighterfuture for orphans and vulnèrable communities around the wortd. Momb0. Ilability The Membets of the Charity guarantee to contributs an amount not exceeding £1 to the assets ofthe Charity In the event of byinding up. Statsment of Trustegs. r8sponsibilitio5 The Trustees are responsible for preparing the TTusleès' Report and the finanaal statements in accordance wtth applicable law and United Kingdom Accx)unting Standards (United Kingdom Generally A(tsptod Accounting Praclicel. The law appllcable to charities in England & Wales requlres the Trustegs to prepare finanual stslements for each financial year whith give a true and fair view of the statè of affairs of the Charity and of its inMIng resources and application of resources, inclutling its incom$ and axpendilure. for that period. In pparing these finan(ial statements. the Twstees are requId to.. select suitable accounting policies and then appty them consistenty. observe the methods and principles of the Charities SORP IFRS 102}', make judgments and accounting estimates that are reasonable and prudent. stsle whether applicable UK Accounting Standards IFRS 102) have been followed, subj6ct to any rnalerial departures disclos8d and 8xplained in the finanrAal statsmonts., prepare the ffinanaal statements on tho going )nceM basis unless it is inappropriate to presuma that the Challty will continue in businoss. The Trustees arè responsible for keeping adequate accounting records that are sufficient to show and 8xplain the Charitys transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the TTU5t deed. They ar8 also responsible for safeguarding the assets of the Charity and her0 fortaking reasonable steps for the prnvgntion and deleclion of fraud and other irregularities. Dlsclosurg of Infomiatlon to audltors Each of the persons who are Trustees at the time when this Trustses, Report Is approved has confirmed that so far a5 that Trustee is aware, there is no relevant audtt infom)alion of whSch the charitys auditor5 are unaware, and that TTuslee has taken all the steps that ought to have been taken as a Twstee in order to be aware of any relevant audit infomiation and to establish th8t the charitys auditors are aware of that Information. Page 8
SAVE AN ORPHAN IINTERNATIONALI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Auditors The auditors, Streets Audit LLP, have indicated their wllingness to continue in office. The designated Trustees will propose a motion Teappointing the 8uditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behaK by. Mumtaz Bostan ICh8ir of TnJste8sl Waslq Aftab Chaudhry (Trusteel Date.. 36- Jo - 2Lk Page 9
SAVE AN ORPHAN (INTERNATIONAL) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAVE AN ORPHAN (INTERNATIONAL) Oplnlon We have audtted the financi81 statements of Save An Orphan Ilntemationall Ith8'charityl for the yEar ended 31 December 2023 which comprise the Staternenl of Financial ActNiti8s. the Balance Sheet. the Stslement of Cash Flows and th& related notes. induding a summary of signfficanl accounting policies. Tho finanual reporting framewort that has been applied in their preparation is applicable law and United lQngdom Accounting Standards, including Finanual Reporting Standard 102 Tho Financial Reporting Standard applicable in the UK and Republic of Ireland, (unit Kingdom Generally APtsd Accounting Practice). The financial statements hava been prepared in accordance with Accounting and Reporbng by Charib8S preparing their accounts In acwrdance with the Financi81 Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Acwunting and Reporbng by Charities.. Statement of Recommende(J Practlce Issuod on 1 April 2005 which 18 referred to in the exlant regulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair Mew in accordance with the Generally Accepted Accounting Practice èff8cliva for reporting periods beginning on or aftBr 1 January 2015. In our opinion the ffinancial slatements.. give a true and fair view of the state of the charitys affairs a5 at 31 December 2023 and of its incoming resour¢gs and application of Tesources for the year then ènd8d' have been properfy prspered in accordance with United Kingdom G8n8rdlty Accepted Accounting Practicfr" and have been prepared in accordance with the requirements of the Charibes Act 2011. Basis for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing {UKI {ISAs IUKII and applicable law. Our respon5ibilitig8 undgr those standards are further described IA th8 Auditors, r8sponsibilities for the audit of the ffnancial statements section of our report. We are independent of the charity in accoTdance with the ethical requirements that are relevant to our audit of the financial ststements in the United lfjngdom, including the Financial Reporting Council's Ethical Standard, and w8 have ful[led our other ethical responsibilities in accordance th these requirements. We believe that the audit evidence we have obtained is suffldent and appropriat6 to provide a sIS for our opinion. Conclusions relating lo golng concern In auditing the financial stst8ments, we have concluded that the Trustees. us8 of the goir4J concem basis of acccwjnting in the preparation of the financial statements is appropriats. Bas8d on the work we have perforrnod. we have not identified any material un¢ert8intias r8lating lo events or conditions that. individually or colledvely. may cast signfficant doubt on the charltys abilty to continue as going concem for a period of at lèast trlelve months frorn when the financial statements are authorised for issue. Our responsibilities and the responslblllues of tha Trustses with respect to going con¢em ar8 describad in the relevant sections of this reporL Page 10
SAVE AN ORPHAN (INTERNATIONAL) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAVE AN ORPHAN (INTERNATIONAL) ICONTINUEDI Oth•r Infomiatlon Th8 other information comprises the infonnalion indud8d in the Annual Report other than the flnanaal statements and our Audilor5' Report thergon. The Trustees are responsible for the other information containod within the Annual ReporL Our opinion on the financial statements does not cover the other infomiatSon and, except to the axisnl otherwisè expliciuy stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, In doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otheThwse appèars to be materially misstated. If we identtfy such matsrial inconsistencies or apparent material misstat8m8nts. wa are required to determine whether this gives rise to a material misstatement in the finanaal statements themselves. If, based on the wortE we have perfomied, wo conclude that there is a material mi&ststemenl of this oth8r information. w8 are required to report that fact. Wo have nothing to report in this rogard. Matters on whlch we arg rnquirnd to report by ¢x¢•ption We have nothing to r8POrt in respect of the following matters where the Charities (Accounts and Rew>rtsl Regulafjons 2008 requires us to report to you rf. in our opinion.. the infomiation given in the TTuslees' Rert 58 inconsistent In any material respect the financAal statements- or sufficient accounting records have not been kept- or the financial statements are not in agreement wlth the accounting records and returns- or we have not receiwj all the information and oxplanations we require for our audit. Rosponsibiliti•s of trustees As explained mor8 fvlly in th8 Trustees. Re5ponsibililies Statament, the Trustees are responsible for the preparation of the financial statements which give a true and falr vlew. and for such internal control as the Trustegs dgterniine is necessary to enable the preparation of financial statements that are free from material mi8slatement, whether due to fraud or error. In preparing the financlal statemants. the Trustees are responsible for assessing tho ¢harit(s abilty to continue as 8 going ¢on¢em, dlsclosing, as applicable, matters related to going eon¢ern and using the going concern basis of aOuntIng unless the Trustees either intend to liquid8tg tho tharity or to wse operations. or have no realistic amative but to do so. Page11
SAVE AN ORPHAN (INTERNATIONAL) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAVE AN ORPHAN (INTERNATIONAL) ICONTINUEDI Auditors. responsibilitias for the audit of the financial statements We have b8an appointed as auditor under section 144 of the Chariles Act 2011 and report in aco)rdance th$ Act and ralevanl regulalions made or having affect thereunder. Our objectives are lo obtaSn reasonable assurance about whether the finanaal ststsments as a whole ar8 Ira8 from material misslalemenl, whether due to fraud or error. and to issue an Audf(ors' Report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan with ISA5 IUKI will alwayE delect a malertal misstatam8nt when il exists. Misstslements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonabty be expected to inffluence the economic dgcisions of us8rs taken on the basis of these ffinancial statements. Irreguladllas, Induding traud. ar8 instances of norKompliance th laws and ragulations. We design procedures in line with our responsibilities. outlined above, to d8t8ct matarial misstatements irb respect of irr8gularities, including fraud. The extent to whith our procedures are pAbl@ of detecting irregularities. including ftaud is detailed below.. Our approach to identtying and assessing Ihe risks of matsrial misststement in respect of irregularitie5. including fraud and rn-COMpliance with laws and regulations. was as follows.. the engagement partner onsured that the engagement team collectivety had the appropriate competsnce. capabilities and skills to i¢Jentrfy or rgcognis8 non-r£)mpliance with applicable saws and regulations,. we id8ntffi8d tha laws and regulations applicable to the charity through dlscusslons wlth Trustees and other managemen( and from our knowledge and experience of th8 charity and sector in which it operates., we focused on 3cIfiC laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charty, including the Charities A¢t 2011, tsxation legislation. data protection. anti-bribery. fundraising, environmental and hèalth and safety legislation.. we assessed the extent of compliance Ihe laws and regulalons Identlfied above through maknng enquiries of management and review of legal fg9$', and identffied laws and regulations were communicatèd within tha audit team rogularty and the team remained alert lo instances of non-complianca throughout the audit. We assessed the sU5ceptibilty of the charitys finanual statements lo material misstatement. including obtaining an understanding of how fraud mlght occyr, by: making onqulrfes of management as to where they Considered there was susceptlblllty to fraud. thalr knowledge of actual. suspected and alleged fraud,. and considering the inlemal controls in placg to mitigato risks of fraud and non-complian wth laws and regulations. To addsS the dsk of fraud through management bias ar override of controls, we.. perfornied analytical procedures lo identify any unusual or unexpected relationships. tested joumal entries lo idenltfy unusual Iransaetions.. assessed whetherjudgments and assumptions made in determining accLJunling estimates were indicative of potsntial bias; and Investigalod the rationale behind significant or unusual transactions. Page 12
SAVE AN ORPHAN (INTERNATIONAL) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SAVE AN ORPHAN (INTERNATIONAL) ICONTINUEDI In response to the risk of irregularities and nOn-¢Mpl1ane@ with laws and regulations. we d8signed procedures which induded, bul weTe not limited to.. agreeing financial statement disdosure8 to underfying supporung dOJMentatrQn. reading th8 minutas of meetings of those charged wth governanco- enquiring of management as to actual and wtenli81 If(igation and clalms; and reviewing correspondence with HMRC and relevant r8gulalors. A fvrther description of our responsibilities for the audit of the finanaal statements is located on the Financial Reporting Council's website at.. www.frc.or .uklauditorsres nsibililies. This description forms part of our Auditor5. Report. Other matters The prior year financial statements were unaLtdited and accordlngty the prior year comparitives in these ffnanual stst8m8nts 3r8 unaudited. Use of our report This rgport is made solely to the charitys trustees, as a body, in 8(lordan wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our 8udh work has been undertaken so that we might state lo the charitys trustees those matter3 we are required to state to them in an Auditors. Report and for no other purpose. To the fullest extent pemiittad by law. wa do not accept or assume Te5ponsibiSity to anyone othgrthan the charity and Its Iwstses. as a body. for our audit work. for this report, or forthe opinions we hav8 formed. Streets Audlt LLP Chartered Accountant and StatLrtory Auditors LucyTower Street Lincoln LN11XW Date: 31 October 2024 Streets Audit LLP aro eligible to act as auditor5 ifb terms of 50ction 1212 of the Companies Acl 2006. Page 13
SAVE AN ORPHAN {INTERNATIONAL) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEP41BER2023 Restricted Unrestrtctsd funds funds 2023 2023 Total funds 2023 Totsl funds 2022 Income from: Donations and legacies Other income 737.123 526.199 338,104 1,263.322 338.104 697,984 55, 146 Total Incomo 737,123 864303 1.601A26 753. 130 Expenditure on: Raising fun¢Js Ch8ritabl8 activitsas 82,472 335,440 709,179 220.937 791.651 556.377 483.945 370.560 Total expgndlture 417,912 930.116 1,348.028 854.505 Not movement In funds 319,211 165.813) 253.398 (101,3T5J Re¢onclllatlon of lunds: Totsl fvnds brought forward Net movement in fvnds 18,338 319211 147.705) 165.813) (29.36n 253.398 72,008 (101.375) Total funds carrled forward 337,549 {113.518) 224,031 (29.367) The Stalemenl of Finanaal Activities includes all galns and losses recognised in the year. The notes on pages 17 to 29 fom part of these flnancial statements. Page 14
SAVE AN ORPHAN IINTERNATIONALI BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Flxad assets Intangible assets 12 19,650 29.475 19,650 29,475 Current assets Debtors 13 5,591 409,144 Cash at bank and in h8nd 98.658 414,735 98,658 Creditors.. amounts falling due wthin one year 14 1210.3541 (157,500) N•t eurrant assets I liabilltes 204,381 f58,842) Total assets less current liabilities Net assets I liabilitgs txcluding panslon a$$¢t 224,031 f29,367) 224,031 (29,367) Totsl net assets 224,031 [29,367) Charlty funds Restricted fund8 Unrestricted funds 15 337,549 1113,5181 18,338 f4T.705) 15 Total funds 224,031 (29,367) e financial ststements were roved and authorised for issue by the Trustees and signed on their bghaK by. Mumtai Bostan (Chair of TnJstees} aslq Aftab Chaudhry (Trusteel Date.. 30-10- 3oa The notes on pages 17 to 29 fomi part of these financial statements. Page 15
SAVE AN ORPHAN (INTERNATIONAL) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash Ilows from operating actfvitles Net cash used in operating aLVIll8S 310,486 (60. 185) Cash flows from Investing actlvltlas Net cash provided by Invo$tlng actlvltlos Cash fl¢)ws from flnanclng activities Not ¢a$h provldod by financing activities Change In cash and cash equivalents in th• yoar Cash arml cash equivalents at the beginning of the year 310.486 {80,1851 158.843 98,658 Cash and cash oqu5val•nts at the end of the year 409.144 98,658 The notes on pages 17 to 29 form part of these financial statsments Pe 16
SAVE AN ORPHAN (INTERNATIONAL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General infomiatlon A8 sel out in the Trustee's Report. Save an Oprhan {Intemationall is a r8gistered Charitable Inrporated Organisation ICIO}. The principal office of the charity is City West Officg Park, Gelderd Road. Building 3, Leeds. LS12 6LN. The principal objadiv8 of the charfty Is the preventlon or relief of poverty anhere In the worfd, includiThJ the relief of financial need and sutfering amngsl victims of natural or other disaste. by providing grants, items and services to indNidyals in need and chaTtbes or othor organisalions working to prevent or reli8VO povety in these areas. The functional currency of tha charity is pound sterling. AGGountlng policles 2.1 8asis of prnparatlon of financial statsmonts The financial statements have been prepar8d in accordance wrfh the Charibes SORP IFRS 102) - Accounting and Reporting by Charttios: Statement of Recommended Practice applicable lo charitias preparing their accounts in accxTrrdance with the Financial Reporbng Standard appli¢8ble in thè UK and Republic of Ireland IFRS 1021 l$ffective 1 January 2019). the FinanrAal Reporting Standard applicable in the UK and Republic of IreE8nd {FRS 1021 and the Charities AL* 2011. The financial ststsments have b88n prepared to gNe a Irue and fairf view and hava departed from the Charities {Accounts 8nd Reportsl Regulations 2008 only to the extsnt raquired to provide a 'lrue and fail view. ThSs departure has involved following the Charities SORP IFRS 102) published in October 2019 rather than the Accounting Reporting by Charities.. Statement of Recommended Praclice affective from 1 Aprfl 2005 whlch has since been Trmthdrawn. Save An Orphan Ilntemationall meets the definition of a public benefft enlity under FRS 102. Assets gnd liabilities are initially recognised at historkal cost or transaction value unless otheNise stated in the relevant accounling policy. 2.2 Incom• All income is re(x)gnis8d onca the Charity has entitlement to the incomo. it is probable that the Inwme wlll bg Tlved and the amount of ino)me receivable can be measured reliabty. Income tax recoverable in relation to donations received under Gift Aid or deeds of cov8nanl is legnIsed al the time of the donation. Other income is recognised in the period in which it 15 receivable and lo the extgnt the goods have been provided or on compl$tton of the service. Page 17
SAVE AN ORPHAN {INTERNATIONAL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policl•s Icontinuod) 2.3 Expendtturn Expenditure Is Tecognised on(% the is a legal or CL)nstructive obligation lo transfer economlc benefft to 8 third paty, it is probable that a transfer of economic beneffts will be required in settlement and the amolint of the obligation can be measured reliabty. Expenditure ss dassified by activity. The costs of each aclivty are made up of the total of direct costs and shared costs, including suppy)rt costs invofved in undertaking each activity- Direct CL)sts attributable lo a single activity are allocated diredy to that activity. Shared sts which contribute to more than one activity and support Costs which aro not attributable to a single acfrmty are apportioned btheen those activitie5 on a basls consistent with the use of resour. Other support $ts are allocated based on the a¢tsvity to which they relate. ExpendltuTr on raising funds includes all expenditure incurred by the Charity to ra15e funds for Its charitabl8 purposes and includes costs of all ftindraising activities, digital marketing and assoicaled ¢osts. events and non<haritable tradlng. Expondltura on charitable activrbes is incurrad on diredy undertaking th8 activf(ies whith further thè Charitys objectives, as well 8$ any as$ocia*ed support costs. Grants payable are Charged in the year when the offer is made except in those ¢as&s where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo condttions which have not been met at the year end are noted as a commitment, bLrt not accrued as expenditurè. All expenditure is inciusNe of irreo)v8rable VAT. 2A Gift Aid In the se of a Gift Aid paymont mado within the Group, income is accrued vthen the payThent Ss payable to the Parent Charity under a legal obligation. Me8suremgnt is at the fair value receivablg. which will nomally bè tha transaction value. Where the right to receive Gift Akl has been established, the amount recelvable is recognised as Invgsknent income in the Statement of Financial Activities. 2.5 Intanglble assots and amortbatlon Intangible assets costing £1,000 or more are capitsllsed and recognised vthen fuiure aconomic benefrts are prob8ble. and the cost or value of the a$sot can be measured reliabiy. Intangible assets are Inibalty recognised al cost. Aftar recognition, under the cost model. intangible assets are measured al cost less any accwmulated amortisation and any 8ccumulated impairment losses. Amortisation Ss provided on intangible a55ets al rates calculated to lts off tho cost of e8ch asset on straight-lin8 basis over its expected usèful Itfe. Amortssalion is providgd on th8 following basis.. Website 20 % straight Ilne basis Page 18
SAVE AN ORPHAN (INTERNATIONAL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting policles Icontlnu•dl 2.6 Deblors Trade and other debtors ar8 racognised at tho settlement amount after any trade diso)unt offered. Prepayments are valued al Ihe amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includ8s cash and short-t8mi highly liquid investments with a short malurty of three months or less from tha date of acquisltion or opening of the derx)sit or similar account. 2.8 Llabllltles and pmisions Liabilities ar8 recognised when there is an obligation at the Balan Sheet date as a result of a past event. il is probable that a transfer of economic benefit wll be required in settlemenL and the amount of the settlement can be estimated reliably. Liabilities are recognised 8t the amount that the Charlty antSclpates wlll pay to settle the debt orthe amount it has receive(l as advanced POyTnents for the goods or services it must provide. Provisions are m8asurad at th6 best estimate of the amounts required lo settle the obligation. Where the effe of the lime value of money is material, the ptovision is based on the present value of those amounts, di$vnIed at the pre-tsx dtscounl rate that r8fl8cts th8 risks spacffic to the liability. The unwinding of the dis(x)unt is recognised in the Statement of Financral Acbwties as a finan cost. 2.9 Finanelal Instruments The Charity onty has financial assets and financial liabilities of a kÈnd that qualify as basic financial instrumants. Basic financial instruments are initially recognised al transaction walue and subsequently measured al their settlement value with the excepb'on of bank loans whoch are subsequenlly measured at amortised (x)st using th8 effÈeliv8 int8rest mèthod. 2.10 Fund A¢UntIng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectwes of the Charity and which have not been designated for other purposes. Reslricled funds are funds which are to be use(1 in accordance with specific restrictions impos8d by donors or which have b8en rais8d by th8 Charity for partiojlar purposes. The costs of raising and administsring such funds are charged against the specific fund. The aim and use of each restricted fun(1 Is set out in the notes to the financial statements. Page 19
SAVE AN ORPHAN {IKfERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from donatlons and legacles Restrithd Unr•5tri¢tsd funds funds 2023 2023 Totsl lunds 2023 Tot81 funds 2022 Donations 737.123 526,199 1,263.322 697.984 Tot812022 539,400 158,584 697,984 Other incoming rosour¢•s Unrestrlcted funds 2023 Total funds 2023 Total fvnds 2022 Gfft aid Income 338,104 338.104 55, 146 Total 2022 55,146 55, 146 Expèndituro on ralslng funds Costs of raising voluntary incorne Restricted Unrestricted funds fund5 2023 2023 Total funds 2023 funds 2022 Marketing and donorfeedback 82.472 709.179 791,651 483.945 Tot812022 483,945 483.945 Page 20
SAVE AN ORPHAN (INTERNATIONAL} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER2023 Analysis of grants Grants to Instltutlon$ 2023 Total funds 2023 Total fvnds 2022 Grants. Preventing and relievlng povety 335,440 335,440 125.090 Total 2022 125.090 125.090 The Charity has made the following material grants to insttiullons dudng the year 2023 2022 Narne of Institution ILM Charity One Nation Penny Appeal 185.710 148.23D 153,850 24. 150 (52,91OJ 333.940 125,090 other grants to Institutions 1.500 335.440 125.090 Analysis of oxpondlturn on charitable activitse5 Summary by fund type Restricted Unr•stri¢t¢d funds funds 2023 2023 Total 2023 T81 2022 Preventing and relieving povety 335,440 220,937 $56,377 370.560 Total 2022 286.406 84,154 370,560 Page 21
SAVE AN ORPHAN {iTrifERNATIONAL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER2023 Analy$ls of oxp•ndlturn by activities Grant funding of actlvltigs 2023 Support Total funds 2023 Total fvnds 2022 2023 Preventing and relieving povety 335,440 220,937 556.377 370,560 Total 2022 125.090 244470 370,560 Analysis of support ¢osts Prnventlng and relieving poverty 2023 Total fund$ 2023 Tot81 funds 2022 Marketing and advertising Leg81 and professional fees Staffing and contractor o)sts Amortisalion Audit and aLxountancyfees Office expenses Websltg Other support ¢))sts 40.000 667 91,097 9.825 11.427 7.352 26,252 34.317 40.000 667 151.713 91,097 9.825 11.427 7.352 26.252 34.317 63,832 9.825 4,500 2,890 11,348 1,362 Total 2023 220.937 220.937 245,470 Totsl 2022 246,470 245,470 Page 22
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Auditors. remuneration The auditors, remunerab.on amounts to an audrtor fee of £8.000 (2022 - £4,500 independent examiner's feel. 10. Staff costs including key management personnel During the year the ¢h3rity did not have any employees 12022." Nill. Instead the ¢harty has utilised the seNi¢es of contractors. engaged wlh the Charity as setf employed ¢ontraclors. lo carry out adminislralive and other functions lor the charity. Since the year end, as the charity has continued to expand il's activib'es, contracts of employment have been issued to these individuals and payroll set up with HMRC. Included wthin 51affing and contractor costs are payments totaling £88,337 12022 - £51,8531 paid lo ¢harity contractors that the Trustees. con*der lo be key management personnel of the charity. 11. Twstg9¥' rgmun9rallon •nd gxpgn¥g¥ During the year, no Tru$lee$ received any MneratIOn or other benefits (2022- £NIL). During the year ended 31 December 2023. no Twslee expenses have been incurred (2022- £NIL). 12. Intanglbl• ass•ts W•b•lts Cost Al 1 January 2023 49.126 At 31 December 2023 49,126 Amortisation At 1 January 2023 Charge for the year 19,6S1 9.825 At 31 December 2023 29,476 Net book value At 31 December 2023 19,6SO At 31 December 2022 29,475 Page 23
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Debtors 2023 2022 Due viithin one year Prepayments and accrued income 5.591 S,591 14. Cred5tors: Amounts falling du• wlthin one year 2023 2022 Accruals and deferred income 210.354 157,500 Page 24
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Statement of funds Statsment of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Incoffle Expenditure Unrg$tr1¢1gd funds General 147.7051 864.303 1930.1161 1113.S181 Ro8trlct•d funds Emergency relief Ourbani Zakat 11,472 594.273 142.850 1269.0321 1148.8801 836 337,549 6.030 {6,8661 6,866 18,338 737.123 1417.9121 337,549 Total of fund 129,3671 1,601,426 {1,348,0281 224,031 R8Strfct8d funds The charity ha5 one core actiwty, to prevent and relieve poverty. The charity's main funding sourcè is through online donations received. to provide general relief or for specific emergency appeals. Emeryen¢y rellef This fund represents donations made by the public to provide relief to people facing emergency and hardship in Palestine, Pakistan, Syria and Yemen. These funds ale expended on these projects and appeals. as displayed on the charity's website. Qurbanl Giving Qurbani is a sacred act of worship highly encouraged by Allah. Every year during the Islamic month of Dhul Himah, Muslims around the world slaughter an animal - a goat. sheep. cow or camel- to reflect the Prophet Ibrahim's willingness lo sacrifice his son Ismail, for the sake of God. After the animal has been sacrificed, ils meal is then distributed to those most in need. This ftjnd represents Qurbani giving to the Charity. and is expended lo provide orphans and their communits'es with a special Eid experience, by delivering meat to families across Asia and Africa. Zakat Thi5 fund represents Zakat donats.ons received by the charity. These donations are expended on emergency lief and thefore the balan¢e has been transferred in the Current year and Closed. Page 25
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Statement of funds Icontinuedl Statsment of funds - prior year Balanc8 at 31 December 2022 Balance ar l January 2022 Trdnsfers in/out Incon Expenditu Unrg$tr1¢1gd funds General 23,941 213.730 (84, 1541 (201,222) (47, 705) R8Strict8d fund¥ Emergency relief Food Packs Orphans Qurbani Sheher Water wells Zakat 13,580 17,462 9,987 70.736 164.365 144,699 119,330 3.547 96,723 {12.8431 1207. 123) (179,397) (172,2941 (4.243) (194,451) (1) 25.296 24,711 52,964 524 97,728 11,472 172 6,866 6,866 48.067 539.400 (TTO.351) 201.222 18,338 Total of fund# 72,008 753, 130 (854,505) (29,367) 18. Summary offunds Summary of fund8 - current year Balanca at 31 December 2023 Balanco at 1 January 2023 Transfers inlout Income Expenditure General funds 147.7051 18.338 864.303 737.123 1930,1161 1417.9121 1113,5181 337.549 Restricted funds 129.3671 1.601,426 11,348,028) 224,031 Page 26
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Summary of funds {continuedl Summary of funds - prior yèar Balanc8 at 31 December 2022 Balance ar l January 2022 Trdnsfers in/out Incon Expenditu General funds Restricted fvnds 23,941 48,067 213,730 539.400 (84, 154) (770,351) (201,222) 201,222 (47, 705) 18,338 72,008 753. 130 (854.505) (29,367) 17. Anoly$ls of ngt 4889ts b9t%n funds Analysls of n•t a$$tts btrt*wn lund#- currènt year R•strlctod Unr•strlcted funds funds 2023 2023 Total fund$ 2023 Intangible fixed assets Current assets Creditors due wthin one year 19,650 181,4741 151,6941 19.650 414.735 1210,3541 496,209 1158,6601 Totsl 337,549 {113,51BI 224.031 Analy$ls of ngt a$$¥ts bgtwn funds- prlor year Restricled Unrestricted fund5 funds 2022 2022 Total runds 2022 Intangible fixed assets Current asset5 cditOrS due wthin one year 29,475 80.320 (157,500) 29,475 98,658 f157,500) 18,338 Total 18,338 (47. 705? (29,367J Page 27
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Net incomelexpenditure for the year {as per Statement of Finanaal Aclivilies) 2S3.398 (101,3751 AdJu$tmonts lor: Amortisation charges Decreasellincreasel in debtors Increase in credfcors 9,825 15,5911 52,854 9,825 31,365 Not cash provSded byllused In) op•rn15ng actlvltles 310,486 (60, 185) 19. Analys1• of cash and ¢48h •qulval•nts 2023 2022 Cash in hand 409.144 98,658 Totsl cash and ¢a$h equlvalgnts 409,144 98,658 20. Analys18 of chang88 In not dobt At1 January 2023 Cash flows At31 Doc8mbor 2023 Cash al bank and in hand 98.658 310.486 409.144 98.658 310,486 409.144 Page 28
SAVE AN ORPHAN IINTERNATIONALI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Operating lease commitmenls Al 31 December 2023 the Charity had Commitments to make futu minimum lease payments under non- cancellable operating leases as follows" 2023 2022 Not later than l year 744 22. Rolatsd paty iran$a¢tlons The Charty ha5 not entered into any related paty transaction during the year. nor are there any oulslanding balances owing befvleen related parb.es and the Charity al 31 December 2023. Page 29