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2023-04-05-accounts

Registered Charity number 1183449

IHSAN FOR CHILDREN FOUNDATION

Financial Statements For the year ending 05-Apr-23

MK Accountancy Ltd Suite 3.17 Universal Square Devonshire Street Manchester M12 6JH

IHSAN FOR CHILDREN FOUNDATION

TABLE OF CONTENT

PAGE

TABLE OF CONTENT

Registered Charity number 1183449

Trustees

Yosra Saed Agil (Chairman) Saffa Iqbal Mir Abrar Agil

Constitution

Charitable Incorporated Organisation CIO

Registered Office

PO BOX 559 MANCHESTER M16 6GH

Accountants

MK Accountancy Ltd Suite 3.17 Universal Square Devonshire Street Manchester M12 6JH

Independent Examiner

Annas A El-Hamouz AFA

Bankers

HSBC Bank 2-4 St Ann's Square Manchester M2 7HD

Wise Payment Ltd 6th Floor , The Tea Building 56 Shoreditch High Street London E1 6JJ

Activities report for the year ending 5 April 2023

4- Governing Document: CIO dated 16 MAY 2019

5- Names of Trustees:

Yosra Saed Agil (Chairman) Saffa Iqbal Mir Abrar Agil

6- Objects of the Charity:

  1. To provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupaition of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hadship or social circumstances with the object of

  2. The relief of children who are in need by reason of their age, ill health or disability, social or economic circumstances or other disadvantages in particular but not exclusively by providing clothing, educational supplies and health provisions.

  3. 7- Area of Operation: National, Palestine, Lebanon and Turkey.

Page 1

IHSAN FOR CHILDREN FOUNDATION

Financial Statements far the year ended 05 April 2023

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity law requires the trustees to prepare statements of accounts for each financial year

ln preparing those financial statements, the trustees are required to:

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statement; and

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time in the financial position of the charity and to enable them to ensure that the financial statements comply with The Charity 1993 and the Charity (Accounts and Reports) Regulations 2008.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.

Approval

This report was approved by the board of trustees on 08th January 2024 and signed on its behalf.

Mrs Saffa Iqbal Mir Trustee

Page 2

IHSAN FOR CHILDREN FOUNDATION Financial Statements far the year ended 05 April 2023

INDEPENDENT EXAIIINER'S REPORTS

We have examined the accounts on pages 5 to 8 which have been prepared under the historical cost convention and the accounting policies set out on page 7.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

As the charity' trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43 of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the base of procedures specified in the General Directions given by the charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to our attention.

BASIS QF INDEPENDENT EXAMINERS' REPORT

Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view giving by the accounts.

INDEPENDENT EXAMINERS' STATEMENT

In connection with our examination, no matter has carne to our attention;

  1. Which gives us reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records on accordance with section 41 of the 1993 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act,

have not been met; or

  1. To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 08/01/2024

Mr Annas A El-Hamouz MK Accountancy Ltd Suite 3.17 Universal Square Business Centre Devonshire street North Manchester M12 6JH

Page 3

IHSAN FOR CHILDREN FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

Financial Statements far the year ended 05 April 2023

INCOME RESOURCING
Donations
Total incoming resources
LESS EXPENDITURE
Direct Charitable Expenditure
Fundraising cost
Administration cost
TOTAL RESOURCES EXPENDED
NET INCOME FOR THE YEAR
BALANCE BROUGHT FORWARD
BALANCE CARRIED FORWARD		 Notes Total
Restricted
Unrestricted
Total
Restricted
Unrestricted
102,263
7,819
94,444
237,113
18,131
218,982
102,263
7,819
94,444
237,113
18,131
218,982
114,441
10,352
104,089
220,306
19,929
200,377
366
366
3,398
3,398
3,902
3,902
117,839
10,352
107,487
224,574
19,929
204,645
15,576
-
2,533
-
13,043
-
12,539
1,798
-
14,337
98,737
45,962
52,775
86,198
47,760
38,438
83,161
43,429
39,732
98,737
45,962
52,775
2023
£
2022
£

Page 4

IHSAN FOR CHILDREN FOUNDATION BALANCE SHEET AS AT 5TH APRIL 2023

2023 2022 2022
CURRENT ASSETS £ £
Cash at bank and in hand 84,361 99,737
CURRENT LIABILITUES 1,200 1,000
NET CURRENT ASSETS 83,161 98,737
TOTAL ASSETS LESS CURRENT LIABILITUES 83,161 98,737
CHARITIY FUNDS
General funds 39,732 52,775
Restricted funds 43,429 45,962
TOTAL CHARITY FUNDS 83,161 98,737

Approved by the board of Trustees on 08/01/2024 and signed on its behalf

Mrs Saffa Iqbal Mir Trustee

Page 5

IHSAN FOR CHILDREN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 05 APRIL 2023

1.ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under the historical cost basis of accounting, and in accordance with applicable accounting standards.

Income

income is accounted for on receipts basis.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

2. DIRECT CHARITABLE EXPENSITURE
Family & Children Sponsorship
Food Project
Eid Gifts
Ambulances
Total
3. Cost of Generating funds
Total
4. ADMINISTRATION EXPENDITURE
Salaries
Postage
Bank Charges
Fees & Subscriptions
Accountancy Fees
Sundries
Total		 2023
£
30,832
66,413
17,196
-
114,441
2023
£
-
-
378
534
981
1,200
306
3,399		 2022
£
160,757
9,959
14,950
34,640
220,306
2022
£
366
366
-
360.00
890.00
1,348.00
1,000.00
304.00
3,902

Page 6

IHSAN FOR CHILDREN FOUNDATION NOTES OF THE FINANCIAL STATEMENTS PERIOD ENDED 05 APRIL 2023

5. STAFF COSTS

No remuneration was paid to trustees in the year, nor were any trustee's expenses reimbursed. The staff costs were:

Salaries
Social security costs
Total		 2023
£
-
-
-		 2022
£
-
-
-

The average number of staff employed by the charity during the year was as follows:

Employed staff 0

6. CREDITORS : amounts falling due within one year

Accruals 2023
£
1,200		 2022
£
1,000
Total 1,200 1,000
7. STATEMENT OF FUNDS
Balance at 05 April 2022 General Funds
£
98,737		 Restricted Funds
£
-		 Total Funds
£
98,737
Net income for the year - 15,576
 15,576
-
Balance at the 05 April 2023 83,161 - 83,161

Page 7