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** - **1** Charity information - **2** Charity activity report - **3** Statement of Trustees responsibility - **4** Independent Examiner Report - **5** Statement of Financial Activities - **6** Balance Sheet - **7-8** Notes for the Financial Statements ## **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** - **1- Name of the Charity** : IHSAN FOR CHILDREN FOUNDATION - **2- Charity Number:** 1183449 - **3- Official Address:** PO BOX 559 Mannchester M16 6GH **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. - **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: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statement; and - prepare the financial statements on the going concern basis unless it is in appropriate to presume that the charity will continue in operation. 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 - to keep accounting records on accordance with section 41 of the 1993 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act, have not been met; or 2. 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