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2022-04-05-accounts

DH Foundation

Charity No. 1172092

Trustee's Report and Unaudited Accounts

05 April 2022

Legal and administrative information

Charity name DH Foundation
Registered address DH Centre
31 Church Road
Manor Park
London
E12 6AD
Trustees Mohamad Ullah (Chair)
Imran Nabi
Mohammed Mostak Ahmed
Homuyan Kamal
Abdul Rouf
Employees Mohammed Imran
Mohammed Naeem Chowdhury
Bank HSBC
Account Name: DH Foundation
Account Number: 62690977
Sort Code: 400244
Accountant Grip Business Consultancy Ltd
101 Lockhurst Lane
Coventry
CV6 5SF

DH Foundation Contents

Pages
Report of the Trustees 
l
Trustees' responsibilities statement
   5 - 6
Statement of financial activities 7
Balance Sheet 8
Notes to account – Financial statement 9 - 11
Statement of Cash flow 12
Detailed Statement of Financial Activities 13 -14
Summary notes to the accounts 15 -17

          

 

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Structure, governance and management

The Charity is a Trust formed by a constitution dated 16[th] of March 2017. Constitution was adopted in October 2017. The Trust registered with the Charity Commission as a charity on the same day. Trustees are legally responsible for the governance and management of the charity. Trustees are responsible of setting strategies and policies for ensuring these are implemented.

Risk management

The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes.

Objectives and activities

The governing scheme defines the charity's objects as being:

The trustees confirm that the aims and objectives of the charity fully meet with the public benefit test.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit, including the guidance 'public benefit: running a charity (pb2)'

The Trustees have paid due regard to guidance issued by the charity commission in deciding what activities the charity should undertake.

1

Achievements and Performance

The charity using its network and contacts in Bangladesh and vets needy people and spends the money only when the trustees are satisfied on the use of funds. During the past periods the focus has been on to identify the need and the charity intends to spend the funds in the next period.

Projects £ Project delivered
Food Programme 36200 Food parcels are given on a monthly basis
across the whole of Bangladesh
Ramadhan 12750 Food and nutrition packs are given in the
holymonth of Ramadhan
Education 69855 Various education programme is delivered
byteam andpartners
Shelter 49624 Renovation of existing shelter and brand
new tin shelters was delivered
Water for life 34800 Across Bangladesh, water pumps and deep
water pump were installed serving over
50,000people
Medical 35870 Various medical support and assistance.
Openingof our new medical GP service
Change for life 57028 Various projects including new shops,
rickshaw,shoptopup
EmergencyRelief 15240 Floodprojects were delivered
Winter Appeal 8727 Blankets and food packs were given in cold
months in Bangladesh
Masjids & Madrasah 21050 Renovation and rebuildingwere supported
Misc 15222 Various small projects were delivered e.g.
Eidgifts,clothing

Financial review

                           

The policy is reviewed annually by the Board of Trustees.

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months

2

expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Reserves Policy

The Trust has minimal sufficient reserve to continue its activities for the foreseeable future.

Plans for future periods

The charities goals and plans for the future will be to maintain current global endeavours and continue to build upon the current foundation.

The ultimate goal is in identifying long term projects in order to provide sustained support to empower communities to become self-sufficient.

3

Trustees' responsibilities statement

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

This report was approved by the trustees on and signed on their behalf by:

…………………………………… Imran Nabi Trustee

4

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name DH Foundation members of

On accounts for the year 05/04/2022 Charity no ended (if any) 1180650 Set out on pages 5 to 14

5 to 14 pages

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2022

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent [The charity’s gross income exceeded £25,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of Chartered Institute of Management Accountants (CIMA)

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Signed:
Name:
Relevant professional
qualification(s) or body		 Date:
11/01/2023
Harisuthan Sharma Ganeswaran
Chartered Institute of Management Accountants (CIMA)

5

(if any):

Address: 101 Lockhurst Lane

Coventry

CV6 5SF

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the The charity has been advised to keep their records on an accounting package examiner wishes to to make the examination process in more reliable in the coming years. disclose .

6

DH Foundation Statement of Financial Activities

for the year ended 5 April 2022

for the year ended 5 April2022
Notes
Income and endowments
from:
Donationsandlegacies
3
Total
Expenditure on:
Raisingfunds
4
Charitableactivities
5
Other
6
Total
Netgainsoninvestments
Net(expenditure)/income
Transfersbetweenfunds
Net(expenditure)/income
before othergains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds		 Totalfunds Totalfunds
2022 2022 2021
£ £ £
597,458 597,458 491,898
597,458 597,458 491,898
18,220 18,220 25,272
569,564 569,564 444,268
13,485 13,485 7,100
601,269 601,269 476,640
- - -
(3,811) (3,811) 15,258
- - -
(3,811) (3,811) 15,258
(3,811) (3,811) 15,258
23,988 23,988 8,730
20,177 20,177 23,988

7

DH Foundation Balance Sheet

at 5 April 2022

Charity No.1172092
Current assets
Cashat bankandin hand
Netcurrent assets
Totalassets lesscurrentliabilities
Net assetsexcludingpension asset orliability
Totalnet assets
Thefundsofthecharity
Restrictedfunds
8
Unrestrictedfunds
8
Generalfunds
Reserves
8
Totalfunds
Approved by the trusteeson 05 April2022
Andsigned on their behalfby:		 2022
£
20,177
20,177
20,177
20,177
20,177
20,177
20,177
20,177
20,177		 2021
£
23,988
23,988
23,988
23,988
23,988
23,988
23,988
23,988
23,988

Imran Nabi Trustee 05 April 2022

8

DH Foundation Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
3
Incomefrom donationsandlegacies
4
Expenditure on raising funds
Fundraising tradingcosts		 Unrestricted
£
597,458
597,458
Unrestricted
£
18,220
18,220		 Unrestricted
funds
2021
£
491,898
491,898
25,272
444,268
7,100
476,640
15,258
15,258
15,258
8,730
23,988
Total
2022
£
597,458
597,458
Total
2022
£
18,220
18,220		 Totalfunds
2021
£
491,898
491,898
25,272
444,268
7,100
476,640
15,258
15,258
15,258
8,730
23,988
Total
2021
£
491,898
491,898
Total
2021
£
25,272
25,272

9

DH Foundation Notes to the Accounts

5
Expenditure oncharitable activities
Expenditureoncharitable
activities
Governancecosts
6
Other expenditure
Employeecosts
Premises costs
Generaladministrativecosts
Legaland professionalcosts
7
Staffcosts
No employee received emolumentsin excess
8
Movementinfunds
Restrictedfunds:
Unrestrictedfunds:
Generalfunds
Totalfunds
9
Analysisofnet assetsbetweenfunds
Netcurrentassets		 of£60,000.
At 6 April
2021
23,988
23,988		 Unrestricted
£
569,564
569,564
Unrestricted
£
1,903
4,210
872
6,500
13,485
Incoming
resources
(including
other
gains/losses
)
£
597,458
597,458		 Total
2022
£
569,564
569,564
Total
2022
£
1,903
4,210
872
6,500
13,485
Resources
expended
£
(601,269)
(601,269)
Unrestricted
funds
£
20,177
20,177		 Total
2021
£
444,268
444,268
Total
2021
£
-
6,400
-
700
7,100
At 5 April
2022
£
20,177
20,177
Total
£
20,177
20,177

10

DH Foundation Notes to the Accounts

10 Reconciliation of net debt

Cashandcash equivalents
Net debt		 At 6 April
2021
£		 Cashflows
£		 At 5 April
2022
£
23,988 (3,811) 20,177
23,988
23,988		 (3,811)
(3,811)		 20,177
20,177

11

DH Foundation Statement of Cash flows

for the year ended 5 April 2022

Cashflowsfrom operatingactivities
Net(expenditure)/income perStatement ofFinancialActivities
Netcash(usedin)/provided by operatingactivities
Netcashfrominvestingactivities
Netcashfromfinancingactivities
Net(decrease)/increaseincash andcash equivalents
Cash andcash equivalentsat the beginningofthe year
Cash andcash equivalentsat the end ofthe year		 2022
£
(3,811)
(3,811)
-
-
(3,811)
23,988
20,177		 2021
£
15,258
15,258
-
-
15,258
8,730
23,988
Componentsofcash andcash equivalents
Cashand bankbalances 20,177 23,988
20,177 23,988

12

DH Foundation Detailed Statement of Financial Activities

for the year ended 5 April 2022

Income and endowmentsfrom:
Donationsandlegacies
Total income and endowments
Expenditure on:
Costsofother tradingactivities
Totalofexpenditure on raising
funds
Charitableactivities
Totalofexpenditure oncharitable
activities
Employeecosts
Stafftraining
Premises costs
Rent
Generaladministrativecosts,
includingdepreciationand
amortisation
Sundry expenses
Legaland professionalcosts
Solicitor'sfees
Totalofexpenditure ofothercosts
Totalexpenditure
Netgainsoninvestments
Net(expenditure)/income
Net(expenditure)/income before
othergains/(losses)
Other Gains		 Unrestricted
funds
2022
£
597,458
597,458
597,458
18,220
18,220
18,220
569,564
569,564
569,564
1,903
1,903
4,210
4,210
872
872
6,500
6,500
13,485
601,269
-
(3,811)
(3,811)
-		 Totalfunds
2022
£
597,458
597,458
597,458
18,220
18,220
18,220
569,564
569,564
569,564
1,903
1,903
4,210
4,210
872
872
6,500
6,500
13,485
601,269
-
(3,811)
(3,811)
-		 Totalfunds
2021
£
491,898
491,898
491,898
25,272
25,272
25,272
444,268
444,268
444,268
-
-
6,400
6,400
-
-
700
700
7,100
476,640
-
15,258
15,258
-

13

DH Foundation Detailed Statement of Financial Activities

Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 (3,811)
23,988
20,177		 (3,811)
23,988
20,177		 15,258
8,730
23,988

14

DH Foundation Notes to the Accounts

for the year ended 5 April 2022

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

15

DH Foundation Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

16

DH Foundation Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The

corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.

Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

17