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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1176805

HAND IN HAND FOR AID AND DEVELOPMENT

(OPERATING AS HIHFAD)

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Abacus Partners (Ldn) LLP Chartered Accountants and Statutory Auditors Unit A, Abbotts Wharf 93 Stainsby Road London

E14 6JL

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page
Report of the Trustees 3 to 14
Report of the Independent Auditors 15 to 18
Statement of Financial Activities 19
Statement of Financial Position 20
Cash Flow Statement 21
Notes to the Financial Statements 22 to 31

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity y ear ending 31 December 2024. 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).

OBJECTIVES AND ACTIVITIES

Goals and objectives:

Our charity's core values remain unwavering, and we are deeply committed to alleviating financial hardships, particularly for women, children, and individuals with disabilities. We strive to uplift and assist those in need by providing essential items such as food, shelter, water, hygiene products, and more. Additionally, we work to empower communities, advance education and vocational training, and enhance health and wellness.

Our commitment to these goals only deepens as we collaborate with Syria's resilient citizens, both inside and outside its borders.

Public benefit:

In setting our objectives and planning our activities, our Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

OBJECTIVES AND ACTIVITIES

Voluntary help and gifts in kind:

The Board of Trustees is grateful for the assistance provided by our volunteers, who are strategically positioned throughout the UK, particularly in Birmingham, and for their generous donation of time and effort to support our events and raise funds for us. We are capable of advocating, gathering aid, and shipping it from Birmingham to areas in need.

The Board of Trustees also appreciates the private donors who support our emergency response and provide us with flexibility in the field. Shifting our response and priorities so we are better positioned to respond to any emerging needs, we therefore resort to local procurement instead of shifting aid from outside the region. Our volunteers in France continue to send medical supplies and nutrients.

Alongside aid provided through our health facilities, the HIHFAD field team distributes aid to beneficiaries as part of our routine programming or in response to emergencies. Our field team also distributes aid on behalf of other humanitarian organisations in the UK, Europe, and Turkey.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

Safety, Security, and Political Development:

The year 2024 remained relatively calm, and no major security issues or threats; however, there were huge developments on the political aspect following the fall of the brutal regime that displaced millions and destroyed communities. The positive shift in power led to the return of millions of displaced families within the country and from neighbouring countries.

This prompted the need to review our response strategy and revisit identified priorities.

HIHFAD staff are oriented and continuously trained by the Safety & Security Department to ensure their own safety in the field and the safety of the beneficiaries, emphasising the importance of safety first through safety and security policies, security plans, mitigation measures, and other procedures.

HIHFAD continually monitors security developments and staff movements through our facility's warning system. We ensure services are provided in the safest manner.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

To all our donors, volunteers, and supporters, past and present:

This report reflects on our activities in 2024, as we recovered from the impact of the 2023 Earthquake, which devastated communities in Syria and Turkey and negatively impacted the different stakeholders following the trauma of the Earthquake. Following the shift into emergency response in 2023, we transitioned into Early Recovery and Rehabilitation in 2024, focusing on building civilians' resilience. Tremors continue to traumatise communities who are still in recovery mode.

HiHFAD was born out of this struggle. Since our very first humanitarian response, our mission has been clear: to serve our people with dignity, to deliver aid with integrity, and to ensure no one is left behind, even in the most devastated and hard-to-reach areas. This year, that mission took on renewed urgency and meaning.

A major shift in our response is the positive political development and the fall of a brutal regime that displaced millions of civilians and destroyed livelihoods. The 8[th] of December 2024 marks a new era in Syria, and we have started to see millions of families returning to their area of origin. These returns prompted a shift in our response and opened new areas for us to address with all the challenges that they entail. Rapid shifts have created complex needs, but also immense opportunities for sustainable recovery. We must seize this moment to rebuild Syria through inclusive systems, accountable governance, and locally driven solutions.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Vision:

We envision a world where barriers are removed, and communities are dignified, empowered, and self-reliant.

Mission:

We are committed to extending a helping hand to vulnerable communities and leaving no one behind, even in the most hard-to-reach areas, through providing merit humanitarian solutions, restoring vital services, and strengthening social resilience.

Values:

HiHFAD lives its values and maintains adherence to the humanitarian principles of humanity, neutrality, impartiality, and independence. At the heart of our work ethic lies an unending commitment to transparency, accountability, and integrity. Our programs and interventions are designed in line with our core values:

Mandate:

HiHFAD’s mandate is to alleviate the suffering of those who need it without any type of discrimination, protect the most vulnerable, promote social justice and welfare, and foster durable solutions through delivering community-based humanitarian and development interventions.

In 2024, HIHFAD made significant advancements in expanding healthcare services for vulnerable populations across Türkiye and Syria to support the resilience of communities, coupled with emergency response. We strongly believe in coordination and partnership with other aid agencies. We facilitate all cross-border activities and report to the UK Board of Trustees from our Gaziantep office, where our programs and activities are managed.

Our programs focus on:

Our Programs are supported by:

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Key Achievements:

HiHFAD is awarded the prestigious certifications “Core Humanitarian Standard” (CHS) on Quality and Accountability certification, valid through 2026, affirming our commitment to transparency and positive impact, and underscoring our dedication to humanitarian excellence and accountability. In line with empowering our staff in the field, all senior managers are enrolled on Leadership Training (HLA) as part of our investment in local leaders.

We recognise advancement in technology and have since integrated AI into some of our activities to save time and money. All staff received training on the use of AI in the workplace.

Environmental Strategy:

Climate change exacerbates existing challenges by adversely impacting food security, water availability, and livelihoods and fuelling migration. These impacts are particularly severe in impoverished and conflict-ridden areas. HiHFAD is dedicated to incorporating eco-friendly solutions and practices across all humanitarian interventions, aligning with the global initiative to reduce environmental footprints, ensuring they are an inherent part of the project lifecycle and associated procedures.

The use of long-term sustainable solutions like the installation of solar power systems, the use of grey water for house garden irrigations, the introduction of modern irrigation methods away from flooding lands, and other environmentally friendly measures. We remain committed to reducing the use of fossil fuels.

As part of our WASH response, our rehabilitation of sewage networks goes a long way to preserve and eliminate water pollution by ensuring solid waste is treated and therefore has no impact on drinking or underground water sources.

Compliance and Governance Framework:

HiHFAD is committed to enhancing and fortifying its compliance frameworks to guarantee transparency, accountability, and strict adherence to both internal and external regulations and requirements. This encompasses various domains, including programming, finance, procurement, Monitoring, Evaluation, Accountability, and Learning (MEAL), as well as aligning with government, donor, and partner standards. We actively engage with relevant networks and alliances to ensure our humanitarian aid is delivered effectively and safely.

Over the recent period, we have introduced and revised policies and Standard Operating Procedures (SoPs) to bolster our compliance infrastructure. These updates include the Fundraising Policy, Organisation Values and Code of Conduct, Affiliates Code of Conduct, Indirect Cost Recovery (ICR) and Shared Cost Approach, and Authorisation Levels, all aimed at reinforcing HiHFAD’s integrity and operational effectiveness.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

HR and Safeguarding Policies:

HiHFAD is committed to improving and revising its human resources and safeguarding policies to meet local and global standards. This effort was crucial in creating a welcoming and inclusive work environment and reinforcing the relationship between HiHFAD and its committed employees.

HiHFAD remains a pioneer in the advancement of safeguarding and protection principles by actively collaborating with the PSEAH Network and the World Health Organisation over the years. The collaboration included a range of initiatives. We continued to craft and disseminate crucial awareness messages specifically designed for the healthcare sector.

Achievements by sector and department:

Healthcare and Nutrition:

In 2024, HIHFAD expanded its health services to address primary, secondary, and specialised health needs. The organisation operated 15 healthcare facilities, providing over 1,16 million services to 682,239 people. Through partnerships with organisations like Malteser International, AFNS, SV, GCC, Kwiat foundations, WHO, CL, IR-USA, and CARE, HIHFAD delivered lifesaving medical assistance and advanced healthcare services, including tuberculosis treatment and prosthetic rehabilitation. Significant efforts included the operation of health facilities across multiple regions, ensuring continuity of care for thousands of vulnerable individuals.

Funding from key partners enabled HIHFAD to provide comprehensive healthcare solutions, including emergency interventions and preventive measures, contributing to a healthier and more resilient community.

HIHFAD implemented a holistic nutrition program targeting young children under the age of five and pregnant and lactating women suffering from malnutrition. This program addressed nutritional gaps through preventative and curative practices, focusing on both indigenous and internally displaced communities living in unstable conditions with limited income. In 2024, the nutrition program provided services to over 309,000 women and children, significantly improving their health and well-being.

Protection:

In 2024, HIHFAD's protection programs, implemented as integration and standalone, included response, prevention and risk mitigation interventions, focused on child protection, gender-based violence (GBV), and mine action, reaching 28,000 beneficiaries through eight projects.

Key efforts included integrating GBV services into four health facilities, which enhanced support for survivors. Integrated MHPSS activities with child protection also strengthened

emotional resilience through initiatives like HEART (Healing and Education through the Arts) and peer support programs. Mobile outreach teams delivered critical services, including physical therapy, speech therapy, and assistive devices. Additionally, 20

Community-led organisations were supported in building their capacity and fostering community-based initiatives.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Food Security and Livelihood:

We implement agricultural projects and food aid to combat food insecurity. HiHFAD assisted thousands of individuals through agricultural support and food distribution programs. HIHFAD food baskets ensure a healthy and nutritious diet in line with international standards, one of our core aims.

The contents of the food baskets are selected following a consultation with a sample of the targeted beneficiaries and in response to needs assessments, considering the post-distribution monitoring results, and responding to the comments from the beneficiaries. Our efforts include setting up kitchens to provide cooked meals in emergencies and providing fresh meat and dates during Ramadan.

Ready-to-eat meals (RTEs) are available for people who suffer sudden displacement, where no kitchen is needed to prepare these meals, and they do not need to be cooked.

HIHFAD supports local bakeries by providing flour and running costs. Daily bundles of bread are distributed across camps, free of charge; the beneficiaries are provided with fresh bread packets daily.

In 2024, the organisation provided agricultural inputs, such as seeds, fertilisers, and drip irrigation systems, to 265 vegetable farmers in Maaret Tamsrin and empowered 100 women with food processing kits and training, complemented by a charity market to showcase and sell their products. A cash-for-work initiative engaged 77 individuals ( 7 men and 70 women) in Maaret Tamsrin for 44 days.

HIHFAD supported 548 wheat farmers in Afrin and Jandairis and 350 farmers in Armanaz, supplying essential inputs and specialised training. Daily bread distribution sustained over 4,600 IDPs in camps, while cash-for-food assistance reached 1,200 households in Maaret Tamsrin and Sharan over five distribution rounds. These efforts not only alleviated immediate food shortages but also fostered long-term resilience among vulnerable populations.

WASH (Water, Sanitation and Hygiene), Shelter, and non-food support:

HIHFAD’s commitment to improving living conditions was evident in 2024 through extensive WASH and shelter projects. Rehabilitation of 240 earthquake-affected houses and the construction of 285 shelter units to replace inadequate living arrangements for displaced families in several camps.

Critical WASH services included constructing and rehabilitating water and sewage networks across key areas, such as 9,500 meters of water networks in Hazano, Jandairis, and Ehteimlat, and 7,500 meters of sewage networks in Maaret Tamsrin and Ehteimlat. HIHFAD also rehabilitated and constructed water stations, including solar-powered systems, supporting the operation and

Maintenance of six water stations in Idlib and Jandairis.

Emergency WASH services in 55 camps reached 65,000 IDPs with water trucking, desludging, and waste management. Winter assistance included distributing cash for winter to 3,620 families and providing 15,000 hygiene kits to households in IDP camps, alongside winter NFI kits to 450 families.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Early Recovery:

Early recovery activities contribute to rebuilding daily life for communities and strengthening infrastructure systems that support sustainable development. Interventions in this context focus on

the rehabilitation of vital community infrastructure such as water networks, bakeries, schools, and various facilities.

Renewable energy solutions - particularly solar energy systems installed in water stations and bakeries - enhance sustainability and reduce fuel dependence. Additionally, through training and

capacity-building programs, local staff and communities have developed the long-term ability to operate and maintain these systems.

Education:

Our response involves the rehabilitation of schools and the provision of training programs. 12 schools were rehabilitated in Idleb and Aleppo, providing access to WASH facilities and classrooms.

We also supported the educational process in two schools, one of which is a vocational school for nursing in Jarablus.

HIHFAD provided 8 schools with winterisation items “fuel and heaters” supporting 6 schools with school furniture (students' desks, tables, chairs and white boards”

Information Management (IM):

The HIHFAD IM team works on developing in-house software applications to support program implementation and showcase our data through up-to-date visual analysis, which emphasises our program's evidence-based decisionmaking process. Alongside ongoing development processes for existing software, the IM team has developed an integrated health information (HIS) system based on the integration of medical warehouse operations, outpatient operations, and admission operations. The new system provides an integrated mechanism that ensures ease of providing service to patients and documenting information, which facilitates the production of all reports related to the medical department. The following video shows the mechanism of work in the primary health care centre.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Advocacy, Media & Communication (AMC):

The AMC Department envisions a compassionate and informed world that embraces humanitarian causes, ensuring that the voices of vulnerable communities are heard, valued, and supported with dignity and safeguarding.

The department’s mission is to raise awareness and understanding of humanitarian crises by creating compelling media content that inspires empathy, mobilises action, and strengthens solidarity among target audiences, partners, and donors.

In 2024, the AMC team made significant strides in advocacy and media outreach. A major milestone was the official selection of HIHFAD’s short film, “Surviving Amid Crises and Disasters”, by WHO’s 5th Health for All Film Festival. Recognised among the top global submissions, the film highlights the urgent humanitarian response following the devastating earthquake in Türkiye and Syria.

This recognition, endorsed by the WHO Director General, amplifies HIHFAD’s commitment to impactful storytelling in humanitarian advocacy.

Content production remained a core focus, with the team generating 308 unique videos covering HIHFAD’s programs and private fund activities. Additionally, 174 written human-interest stories were developed, alongside more than 1,200 unique graphic designs for visibility, social media, advocacy, and reporting purposes.

This comprehensive content strategy ensured a high level of visual coverage to preserve and convey key humanitarian narratives. Through digital engagement, HIHFAD reached 2.35 million people via social media, gaining nearly 200,000 total followers, with an increase of 30,000 new supporters in 2024. The team published 370 organic social media posts, generating 167,000 audience engagements, while 24 paid campaigns on Meta and Google Ads expanded reach.

Additionally, 128 published videos amassed 2.5 million views. The HIHFAD website also played a crucial role, with nine major blog posts published and over 68,000 unique visitors generating 96,000 page views.

To further its impact, the AMC Department expanded digital fundraising efforts by collaborating with a leading UKbased agency. This partnership, including the internal capacities, resulted in the creation of 44 landing pages and over 20 targeted campaigns across multiple platforms, including HIHFAD’s website. These initiatives significantly bolstered HIHFAD’s marketing and donor engagement strategies, enhancing the organisation’s ability to sustain and scale its humanitarian work.

Logistics and Procurement:

Procurement is the process of identifying and obtaining supplies, services, and work. It includes sourcing, purchasing and all related activities from identifying potential vendors through to delivery from supplier to the requestor or beneficiary. When conducted in collaboration with other stakeholders, including programs and finance, procurement is undertaken most cost-effectively with maximum benefit to the beneficiary.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

HIHFAD apply different strategies and processes to ensure fair competition, transparency, and accountability in the procurement process; HIHFAD maintains high standards through capacity-building training and workshops.

Our team continue to use the electronic Purchase Request (PR) system to streamline procurement and tracking processes further.

Supply Chain:

The SC Department has been a cornerstone in managing and distributing medical and humanitarian aid, leveraging over a decade of expertise in handling medical products. HIHFAD has also collaborated with Mercy-USA, IRC, and Save the Children to ensure the seamless handling, shipping, and storage of critical medical and nutrition supplies. Operating across two provinces with six premises comprising 15 individual blocks, HIHFAD’s warehouses offer a total storage capacity of 8,200 m².

Among these, eight blocks are temperature-controlled ( 2,500 m² ), including a designated controlled substances area. The infrastructure also features two walk-in cold chain rooms ( 43 m³ ) and a hybrid freezing room ( 48 m³ ), equipped with advanced monitoring systems that provide real-time and historical data tracking. HIHFAD warehouses comply with WHO guidelines, integrating automated cooling systems, security alarms, fire suppression mechanisms, and CCTV surveillance to ensure the highest safety standards.

Human Resources (HR):

HIHFAD prides itself on a “family feel” environment. It is essential that staff feel a sense of belonging, value and commitment. HIHFAD believes in improving the staff’s capacity by coaching them and giving them the chance to climb up the career ladder. HR understands the importance of consulting staff and listening to their suggestions on improving and evolving HIHFAD. HIHFAD HR team's recruitment process is dedicated to gaining qualified individuals as employees. HR supports the development of HIHFAD as a whole by designing training and strategies to develop the skills of staff when needed.

In 2024, the average number of employees was 1,149, down from 1,305 in 2023.

Finance:

Our Finance Department provides support to all departments through a strong team of Finance specialists. They work in coordination with our partners and donors and ensure the timely submission of accounts. Our accounts are audited in the UK annually, and we also run individual audits for each grant. The Finance Department supports the proposal development and annual budget. Their importance stems from their being the final checks to ensure compliance with donor regulations and policies.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Monitoring, Evaluation, Accountability and Learning (MEAL):

In 2024, the MEAL department strengthened its mechanisms and data analysis to ensure accurate information to support program and project improvement. Several Multisectoral Needs Assessments were carried out based on quantitative and qualitative data to provide an integrated picture of the needs of the target communities, most notably the multisectoral needs assessment covering the cities of Aleppo, Idleb, and Homs. Data collection and analysis from various activities, including health, nutrition, protection, and cash assistance projects, have been expanded, as well as new approaches to collecting feedback from beneficiaries to ensure a better response to their needs.

In the context of improving institutional performance and enhancing the quality of work, a comprehensive review of all reports and their templates was carried out. The MEAL department was also evaluated externally by a specialist consultant, who conducted an audit of performance both internally and externally, submitted an integrated development plan to enhance efficiency and impact of monitoring and evaluation activities, and held a special workshop to improve data analysis. The development of data analysis mechanisms that ensure accurate recommendations has supported the improvement of programs and projects, increasing the emphasis on evidencebased decision-making. The inclusion of gender in MEAL teams has been ensured, society's participation in monitoring and evaluation processes has been enhanced, different groups represent themselves, and a comprehensive and sustainable response to their needs has been ensured.

Finally, the year saw the implementation of a series of intensive training sessions for the team in both the head office and the field, centred on data collection methods, analysis and reporting, and presented in several phases to ensure sustainable capacity-building, which contributed to enhancing the team's efficiency and enhancing the overall performance of the department.

During 2024, accountability as part of the Monitoring, Evaluation, Accountability, and Learning Department (MEAL) successfully implemented most of its planned objectives.

A comprehensive accountability plan has been developed to ensure systematic tracking of field activities across all sectors to enhance community participation in projects and activities, and assure transparency, making information available to target communities. It also provides multiple and secure channels to receive feedback from all segments of society and improve communication methods through clear and easy-to-understand print materials.

Key achievements for the MEAL Department are:

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Voluntary help and gifts in kind:

Volunteers form an integral part of our operation by fundraising to support our response. We also rely on volunteers from the medical profession to support our field team.

External factors:

Funding, available aid and security remain our most significant challenges, adding to it the shift in Institutional Donor priorities and behaviour. Other competing crises to which private donors tend to donate have led to a reduction in funding. Security risks continued to be a risk factor, although 2024 saw calmness and positive political development on the ground.

FINANCIAL REVIEW

During the reporting period, our total income was £27,119,747 (£33,732,997 in 2023), which includes Gifts in kind received from various countries and Donors. The figure also includes the total grant income from multiple partners.

Investment policy

Trustees chose to remain focused on delivering humanitarian assistance given the nature of our emergency response. The decision may be revised if we see a shift towards recovery.

Reserves policy

The Trustees have a policy of holding back £300,000 of unrestricted reserves to meet any unforeseen costs of relief required in an emergency. This proved helpful when we moved from Turkey to Syria, and the need to meet regulatory requirements in Turkey and support the move of our operations to newly accessible areas.

FUTURE PLANS

We continue to explore new responses and are expanding to Palestine and Sudan. Our fundraising efforts now extend to include fundraising from the Gulf States and the EU. We remain focused on supporting Women and children, persons with disabilities and the provision of Trauma Healthcare. Our response now includes rebuilding communities and vital infrastructure to support the return of displaced families.

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TRUSTEES’ REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Hand In Hand For Aid and Development is a Charitable Incorporated Organisation, established by a Deed of Trust dated 19th January 2018. The Trust Deed is the Organisation's governing document.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The nature of the charity's work is such that substantial risks exist in operating inside Syria, especially in those areas controlled by government forces. The trustees are very mindful of the risks taken by those carrying out the work in these locations.

New projects undergo a thorough security assessment and involve seeking advice from specialist agencies. We follow the principles of "Do No Harm" when delivering humanitarian assistance.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees 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 and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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.

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INDEPENDENT AUDITOR’S REPORT HAND IN HAND FOR AID & DEVELOPMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion

We have audited the financial statements of Hand In Hand for Aid and Development (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this repo

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INDEPENDENT AUDITOR’S REPORT HAND IN HAND FOR AID & DEVELOPMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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INDEPENDENT AUDITOR’S REPORT HAND IN HAND FOR AID & DEVELOPMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting appropriate legal correspondence.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-making enquiries of management as to where they considered there was susceptibility to fraud, and their knowledge of any actual, suspected or alleged fraud;

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

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INDEPENDENT AUDITOR’S REPORT HAND IN HAND FOR AID & DEVELOPMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Nur Ahmed Chowdhury FCCA Senior Statutory Auditor

Abacus Partners (Ldn) LLP Chartered Certified Accountants Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL

29 October 2025

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HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND EXPENDITURE
INCOMING RESOURCES
Donations. legacies and Grants
11
Total Income
RESOURCES EXPENDED
Fundraising Costs
12
Charitable Activity Costs
13
Governance and Support Costs
14
Total Resources Expended
Net Income/Deficit Before Other
Gains/Losses
Fund Movement
15
Funds as at 1 January 2024
Funds as at 31 December 2024
22		 Total 2024
Unrestricted
Restricted
£
£
£
2,941,116
24,178,631
27,119,747
2,941,116
24,178,631
27,119,747
47,123
-
47,123
1,336,110
26,265,894
27,602,004
1,657,286
64,069
1,721,355
3,040,519
26,329,963
29,370,482
(99,403)
(2,151,332)
(2,250,735)
-
-
-
1,015,518
6,772,373
7,787,891
916,115
4,621,041
5,537,156		 Total 2023
£
33,732,997
33,732,997
48,899
31,056,645
1,340,601
32,446,145
1,286,852
-
6,501,039
7,787,891

All the activities of the charity are from continuing operations.

Page 19

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD) STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
FIXED ASSETS:
Tangible Assets
17
Current Assets:
Inventory
Debtors & Prepayments
18
Cash at Bank and in hand
Creditors:
Amount falling due within one year
19
Net Current Assets
Total Net Assets
Funds
Unrestricted funds
22
Restricted Funds
22
Total Funds		 £
3,458,478
677,263
1,546,343		 Total 2024
£
-
4,291,858
536,354
3,072,921
5,682,084
113,242
5,537,156
5,537,156
916,115
4,621,041
5,537,156		 Total 2023
£
-
144,928 7,901,133
7,787,891
7,787,891
1,015,518
6,772,373
7,787,891

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025, and are signed on behalf of the board by:

(F Sahloul)

----- Start of picture text -----
(F Al-Dairi)
----- End of picture text -----

Page 20

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD) CASHFLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

Cash Outflow from Operating Activities
Operating Profit
Depreciation
Operating Profit Before Working Capital Charges
(Increase)/Decrease in Debtors
(Increase)/Decrease in Inventory
Increase/(Decrease) in Creditors
Cash from Operations
Finance Cost Paid
Net Cash Generated from Operations
Cash Outflow from Investment Activities
Purchase of Tangible Fixed Assets
Fixed assets disposal
Net Cash inflow/outflow from investment
Activities
Cash Outflow from Financing Activities
Increase/(Decrease) of Long Term Loans
Net Increase/(decrease) in Cash and Cash
Equivalent
Opening Cash and Cash Equivalents
Closing Cash and Cash Equivalents
Reconciliation:
Cash at bank and in hand		 £
(2,250,735)
(140,909)
833,380
31,686		 2024
£
(2,250,735)
(1,526,578)
-
(1,526,578)
3,072,921		 £
1,286,852
(350,848)
621862
(470,967)		 2023
£
1,286,852
1,086,899
-
1,086,899
1,986,022
724,157 (199,953)
- -
1,546,343 3,072,921
1,546,343
1,546,343		 3,072,921
3,072,921

All cashflows are derived from continuing operations in the above two periods. The entity has no debt, See Note 22.

Page 21

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The charity is a CIO (charitable incorporated organisation), and is governed by Charity law in England & Wales.

2. Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP '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)', and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

3. Going concern

The trustees have taken into account the entity's forecasts and projections for the 12 months from signing these financial statements, in confirming their assessment of going concern.

4. Income Recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. The charity does not partake in grant-making activities.

Most of the charity’s income is derived from grants from third parties. On some occasions money is spent on a project by the charity in advance of a receipt from the third party, or where an assurance is provided by the third party that restricted fund overspends will be covered. This is typically, but not exclusively, the case when the final receipt is received at the completion of the project. In these cases, incurring the agreed expenditure creates the entitlement to the income and income is therefore recognised at that point. Any such amounts which have not been received at the balance sheet date are accrued as income and the associated debtor included within debtors as accrued income.

5. Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

6. Allocation and apportionment of costs

Costs are allocated between restricted and unrestricted funds in accordance with the resources allocated for the delivery of the activity they relate to, and the appropriate restricted or unrestricted income elements of those activities.

Page 22

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Support and Governance Costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

8. Tangible fixed assets and depreciation

Fixed assets for the charity use are capitalized at cost. They are stated in the accounts at cost less depreciation. Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives on the following bases:

Vehicles 100% on cost. Furniture, Fixture and Equipment 20% on cost. Computer equipment 25% on cost.

9. Funds:

Unrestricted funds comprise the accumulated surplus or deficit in income and expenditure accounts, and are available for use at the discretion of Trustees, to further the general objectives of the entity.

10. Inventory

The majority of stock at the period end represents undistributed gifts in kind, with the rest being purchased goods for subsequent distribution to beneficiaries. The value of gifts in kind stock is based on the value given by the donor on their certificates. In some cases, where no value has been given, then the values are based on a reasonable estimate set by the Trustees, who have taken into consideration the cost of similar items on the open market in order to arrive at their estimate. This applies to all Food, Non-Food-Items and Medical stock.

Page 23

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME SUMMARY

11.
DONATIONS, LEGACIES & GRANTS
Donations
Gift aid
Grants
Gifts in Kind for charitable distribution
EXPENDITURE SUMMARY
12.
FUNDRAISING COST:
Promotional literature & brochures
Platform fees and charges
13.
CHARITABLE ACTIVITIES COST:
Project delivery
Field staff costs
Storage and transport
Printing, Postage and Stationery
Salaries
Legal & Professional fees
Subscriptions and memberships		 11.
DONATIONS, LEGACIES & GRANTS
Donations
Gift aid
Grants
Gifts in Kind for charitable distribution
EXPENDITURE SUMMARY
12.
FUNDRAISING COST:
Promotional literature & brochures
Platform fees and charges
13.
CHARITABLE ACTIVITIES COST:
Project delivery
Field staff costs
Storage and transport
Printing, Postage and Stationery
Salaries
Legal & Professional fees
Subscriptions and memberships		 Unrestricted
Restricted
2024
£
£
£
1,406,092
1,406,092
10,354
10,354
15,159,341
15,159,341
1,524,670
9,019,290
10,543,960
2,941,116
24,178,631
27,119,747
Unrestricted
Restricted
2024
£
£
£
4,283
4,283
42,840
42,840
47,123
-
47,123
Unrestricted
Restricted
2024
£
£
£
1018,726
20,018,014
21,036,740
189,070
6,173,268
6,362,338
88,476
42,753
131,229
10,995
10,995
-
38,206
20,864
59,070
1,632
1,632
1,336,110
26,265,894
27,602,004		 2023
£
1,604,239
31,528
15,197,718
16,899,512
33,732,997
2023
£
5,896
43,003
48,899
2023
£
24,672,309
4,467,889
120,652
10,166
1,744,954
25,882
14,793
31,056,645

Page 24

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14.
GOVERNANCE AND SUPPORT COSTS:
Support Costs:
Other charitable projects
Field staff costs
Storage and transport
Travel
Office cost & utilities
Printing, Postage and Stationery
Salaries
Loss on Foreign exchange
Governance Cost:
Professional fees
Subscriptions and memberships
Salaries
Taxes outside of UK
Total Expenses		 Unrestricted
Restricted
2024
£
£
£
-
809,010
809,010
412,282
412,282
176,923
176,923
27,961
27,961
30,345
64,069
94,414
506
506
107,500
107,500
35,025
35,025
1,599,552
64,069
1,663,621
24,000
24,000
-
33,734
33,734
-
57,734
57,734
1,657,286
64,069
1,721,355
1,704,409
26,329,963
29,370,482		 2023
£
710,660
39,911
173,721
98,549
11,530
1,908
225,617
1,261,896
29,733
17,371
19,619
11,982
78,705
1,340,601
32,446,145

Page 25

HAND IN HAND FOR AID & DEVELOPMENT

(OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15
RESTRICTED FUND MOVEMENT :
World Care Foundation
WFP GIK
Human Aid
AAR Japan GIK
AAR (various)
ACTED
AFNS
UNICEF
UNICEF-GIK
Hilton
DDD-WHPA
IRC GIK
Iyilidikar
SCHF(various)
Orienthelfer
PAC GIK
WHO Restrict GIK
WHO various
Choose love
Grand challenge
Giz-83453785
GOAL
GOAL GIK
GWBF
Islamic relief USA
Islamic relief GIK
Ayman UK
WVI(Various)
Malteser GIK
MALT(Various)
Mercy USA-GIK
Save the children
Save the children GIK
SV(various)
Care-USA
Relief International		 Opening
Incoming
Resources
Unrestricted
Closing
Balance
Resource
Expended
Fund Used
Balance
£
£
£
£
£
46,874
727,097
773,971
0
3,530
67,868
70,426
972
0
4,857
4,857
0
66,936
66,677
133,613
0
17
131,785
131,802
0
0
80,602
80,602
0
128,645
1,453,133
1,581,778
0
112,496
312,928
425,424
0
31,885
59,553
76,326
15,114
0
391,206
41,995
349,211
1,179
4,181
5,360
0
9,571
9,534
13,282
5,823
935
9,060
7,328
2,667
1,115,640
2,194,404
2,845,221
464,823
18,327
420,633
407,164
31,796
3
4
7
0
1,799,571
1,802,871
3,103,945
498,496
3,844
191,516
180,613
14,747
519,673
525,707
1,045,379
0
123,438
156,519
273,874
6,083
417,011
415,396
667,589
164,818
0
295,256
295,256
0
18,975
50,255
59,619
9,611
0
8,587
8,587
0
0
256,805
136,895
119,910
0
51,217
33,208
18,009
0
20,857
5,726
15,131
13,131
1,384,573
1,515,704
0
805,435
1,248,800
1,740,644
313,591
144,862
3,210,724
3,355,586
0
1,142,258
5,853,642
4,966,717
2,029,183
60,267
1,407,917
1,119,395
348,789
1,123
308,356
130,404
179,075
68,746
947,736
983,291
33,191
0
7,009
7,009
0
0
101,366
101,366
0
6,772,373
24,178,631
26,329,963
4,621,041

Page 26

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16 RESTRICTED FUND MOVEMENT BY ACTIVITY

The charity separates its activities into the 2 primary areas of humanitarian aid, and medical infrastructure. The restricted funds above are split into these categories as below:

Opening Incoming Resources Unrestricted Closing Balance Resources Expended Fund Used Balance £ £ £ £ £ Medical & Infrastructure support 5,985,277 20,781,882 22,749,602 0 4,017,557 Humanitarian aid & Relief 792,079 3,396,749 3,585,344 0 603,484 6,777,356 24,178,631 26,334,946 0 4,621,041

17
TANGIBLE FIXED ASSETS:
Cost B/Fwd.
Additions
Disposals
Depreciation:
Charges B/Fwd.
Charge for the year
Dep Elim on Disposal
Net Book Value
31-Dec-24
31-Dec-23
Computer
Equipment
Fixtures
& Fittings
Motor vehicles
Total
£
£
£
£
21,961
44,250
28,465
94,676
0
0
21,961
44,250
28,465
94,676
21,961
44,250
28,465
94,676
0
0
21,961
44,250
28,465
94,676
0
0
0
0
0
0
0
0

Page 27

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18
DEBTORS & PREPAYMENTS:
Accrued Income
Prepayments
Other debtors
19
CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Social security and other taxes
Other creditors
20
AUDITORS' REMUNERATION
Auditor's Remuneration for the audit of the charity's annual accounts
Fees Payable to the charity's auditor for non-audit services		 2024
£
554,346
122,917
677,263
2024
£
24,000
91,230
29,698
144,928
2024
£
12,000
8,000		 2023
£
536,354
-
536,354
2023
£
101,806
11,436
-
113,242
2023
£
12,000
8,000

Page 28

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21
STAFF EMOLUMENTS:
Total wages and salaries
Employer's NIC
Pension costs		 2024
£
7,017,173
14,238
2,885
7,034,296		 2023
£
6,478,445
16,556
2,990
6,497,991

£6,844,548 of the above costs relate to staff employed in Turkey and Syria (2023: £6,290,851).

Avg No of employees: Administration
Avg No of employees: Field staff
Avg No of employees: Management
Employees paid between £80,000 and £90,000 a year
Employees paid between £70,000 and £80,000 a year
Employees paid between £60,000 and £70,000 a year		 53
1,081
15
1,149
2
-
-		 52
1,074
179
1,305
2
-
-

Key management personnel were remunerated £649,508 during the year (2023: £385,344) Two Trustees (Faddy Sahloul and Fadi Al-Dairi) were renumerated as they hold full-time management positions. Their total costs including social security, and pension contributions, were £175,504

There were no expenses reimbursed to Trustees. One close family member of a Trustee received £9,913 (2023 : £15,927), as an employee of the charity.

22.
MOVEMENT IN FUNDS:
As at 1 January 2024
Current year
Current year transfer
As at 31 December
2024		 Unrestricted
Designated
Total
Restricted
Fund
Fund
Unrestricted
Fund
Total
£
£
£
£
£
1,015,518
-
1,015,518
6,772,373
7,787,891
(99,403)
(99,403)
(2,151,332)
(2,250,735)
-
-
-
-
-
916,115
-
916,115
4,621,041
5,537,156

At the year-end there were £0.9m (2023: £1m) unrestricted reserves left for future operation of the charity. It is the aim of the Trustees to build on these reserves in activities. future so that they can support 6 months worth of operating costs

TAXATION

As a registered charity, the entity is exempt from Taxation.

Page 29

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

23. EVENTS AFTER THE REPORTING PERIOD

There were no adjusting or non-adjusting events to report after the year-end.

24. RELATED PARTY TRANSACTIONS AND TRANSACTIONS WITH TRUSTEES

There were no related party transactions to report during the year.

25. CONTINGENT ASSETS AND LIABILITIES

There were no contingent assets or liabilities in the year.

26. ANALYSIS OF NET ASSETS BETWEEN FUNDS :

Tangible fixed assets
Current assets
Current liabilities
Total Net assets		 Unrestricted
Restricted
Total
Fund
Fund
Funds
-
-
-
5,127,738
554,346
5,682,084
(115,230)
(29,698)
(144,928)
5,012,508
524,648
5,537,156

27. FINANCIAL COMMITMENTS:

The charity had no financial commitments at the year-end

28. ANALYSIS OF CHANGES IN NET DEBT

Cash
Overdrafts
Total cash
Loans
Fin leases
Total
borrowings
TOTAL		 At start
of year
Cash flows
Acq/disp
of
subsidiaries
New
finance
leases
Fair value
movements
Forex
movements
Other non-
cash
changes
At end
of year
£
£
£
£
£
£
£
£
3,072,921
(1,526,578)
-
-
-
-
-
1,546,343
-
-
-
-
-
-
-
-
3,072,921
(1,526,578)
1,546,343
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,072,921
(1,526,578)
1,546,343

Page 30

HAND IN HAND FOR AID & DEVELOPMENT (OPERATING AS HIHFAD)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

29. FOREIGN EXCHANGE

Transactions in foreign currencies are recorded at the exchange rate prevailing on the transaction date. Monetary assets and liabilities denominated in foreign currencies are reported at exchange rates at the balance sheet date.

30. POST-RETIREMENT BENEFITS

The charity operates a defined contribution pension scheme. Contributions paid into the scheme are charged to the statement of financial activities as they occur.

31. USE OF VOLUNTEERS

The charity benefited from use of volunteers in the UK, during the year. The main function of volunteers was the collection and transport of clothing and food supplies for distribution abroad.

Page 31