15/12/2023 05:55
HELPING LIVES
REGISTERED CHARITY NUMBER: 1176559 COMPANY REGISTRATION: 10583839
HELPING LIVES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
HELPING LIVES
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023
| Page | |
|---|---|
| Trustees Report | 1 |
| Reference and administrative information | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 – 6 |
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2023
The Board presents its Trustees' report with the financial statements of the charity for the year ended 31 January 2023.TheTrustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005.
OBJECTIVES AND ACTIVITIES
The objectives of the charity are to help and support in the prevention or relief of poverty and saving and improving lives by the grant making to individuals or organisations to help provide the food to poor and needy people across the globe, eductation/training of children and youth and advancement of health services to patients in need, the disabled and the elderly.
ACHIEVEMENTS AND PERFORMANCE
During the reporting year, the charity focused on the establishment of a food bank to help combat the basic food needs of the poor.
FINANCIAL REVIEW
The charity had an opening balance of £48,491 in general liquid funds and received donations of £11,092 during the year. The closing balance of liquid funds after the spending was £11,886.
PUBLIC BENEFIT
ln shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging. The Charity relies on the donation income it receives from its donors to cover its costs.
Helping Lives is focusing on providing the basic necesities, including shelter, food, education and health to poor, children, youth, elderly and other vulnerable people.
The Trustees declare that they have approved the Trustees' report above.
Signed on behalf of the Charity's Trustees
J Sheikh
................................. Jasrah Sheikh Trustee/Director 18/10/2023
Page 1
HELPING LIVES
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity Name
Helping Lives
Charity registration number
1176559
Company registration number
10583839
Registered Office and operational address
Office 408, Screenworks 22 Highbury Grove London N5 2ER
Trustees/Directors
Board of Trustees are Directors of the Company for the purposes of the Companies Act 2011 and Trustees for the purposes of the Charities Act 2011. The following served as Directors during the
Javeed Akhtar -- Resigned 10th February 2022 Jasrah Sheikh -- Appointed 10th February 2022
Accountant
Accountell Limited 44A Marlands Road, Clayhall, Redbridge, Essex, IG5 0JL
Bankers
Lloyds Bank
Page 2
HELPING LIVES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2023
| Note INCOMING RESOURCES Incoming resources from generated funds Activities for generating funds 3 Total incoming resources RESOURCES EXPENDED Costs of generating funds 4 Support costs Governance costs Total resources expended NET INCOMING/(OUTGOING) RESOURCES RECONCILIATION OF FUNDS 6 Transfers between funds Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted £ 11,092 11,092 20,782 - 20,782 (9,690) - 3,922 (5,768) |
Restricted £ - - - - - 0 - 0 0 |
2023 Total £ 11,092 |
2022 Total £ 12,479 |
|---|---|---|---|---|
| 11,092 | 12,479 | |||
| 20,782 - |
6,052 420 |
|||
| 20,782 | 6,472 | |||
| ( 9,690) | 6,007 | |||
| - 3,922 |
- (2,085) |
|||
| (5,768) | 3,922 |
The notes form part of these financial statements
Page 3
HELPING LIVES
BALANCE SHEET
AS AT 31 JANUARY 2023
| Note CURRENT ASSETS Cash at bank and in hand Other Receivables TOTAL CURRENT ASSETS CURRENT LIABILITIES Creditors: amounts falling due within one year 5 Bank Loans due within one year TOTAL CURRENT LIABILITIES NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES LONG TERM LIABILITIES Bank Loans & Overdrafts NET ASSETS FUNDS 6 Unrestricted funds General funds Restricted funds TOTAL FUNDS |
£ £ 11,886 26,189 38,075 (15,900) (8,000) (23,900) 14,175 14,175 (19,943) (5,768) (5,768) - (5,768) 2023 |
2022 £ 48,491 |
|---|---|---|
| 38,075 (15,900) (8,000) |
48,491 (8,569) (8,000) |
|
| (23,900) (19,943) |
(16,569) 31,922 |
|
| 31,922 | ||
| (28,000) | ||
| 3,922 | ||
| 3,922 - |
||
| 3,922 |
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board of Trustees on 18/10/2023 and signed on their behalf by
J Sheikh
.............................
Jasrah Sheikh
Trustee/Director
Page 4
HELPING LIVES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
| 3. INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Fee Income Other Income from Fundraising Interest Income Total incoming resources 4. RESOURCES EXPENDED Support costs IT and Software Costs Bank Charges Professional Fees Postage, priniting, stationery & supplies Premises Expenses Light, Heat and Power Donations Interest Costs Insurance Sundry expenses Telephone & broadband Travel Staff costs Average number of staff employed Governance costs Independent examiner fee Book-keeping & payroll Total resources expended |
Unrestricted £ - - 9,903 1,189 11,092 11,092 - 255 2 9,300 4,693 - 750 4,788 292 702 - 20,782 - - - - 20,782 |
Restricted £ - - - - - - - - - - - - - - - |
2023 Total £ - - 9,903 1,189 11,092 11,092 - 255 - 2 9,300 4,693 - 750 4,788 292 702 - 20,782 - 0 - - - 20,782 |
2022 Total £ |
|---|---|---|---|---|
- |
||||
- 12,479 - |
||||
| 12,479 | ||||
| 12,479 | ||||
| 367 247 2,032 144 - 619 1,449 478 - 34 682 - |
||||
| 6,052 | ||||
- |
||||
| 0 420 - |
||||
| 420 | ||||
| 6,472 |
Page 5
HELPING LIVES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade Creditors Other Creditors |
2023 £ 201 15,699 15,900 |
2022 £ 8,569 - |
|---|---|---|
| 8,569 |
6. MOVEMENT IN FUNDS
| Unrestricted funds: General fund Total unrestricted funds Restricted funds: Total unrestricted funds TOTAL FUNDS |
At the start of the year £ 3,922 |
Incoming resources £ 11,092 |
Outgoing resources £ ( 20,782) (20,782) - - ( 20,782) |
Transfers £ - - - - - |
At the end of the year £ ( 5,768) |
|---|---|---|---|---|---|
| 3,922 | 11,092 | (5,768) | |||
| - | - | - | |||
| - | - | - | |||
| 3,922 | 11,092 | ( 5,768) |
Page 6