REGISTERED CHARITY NUMBER: 1190360
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2022
for
Global Helping Hands
Eccounting UK Quadrant Business Centre 99 Parkway Avenue Sheffield S9 4WG
Global Helping Hands
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Cash Flow Statement | 5 | ||
| Notes to the Cash Flow Statement | 6 | ||
| Notes to the Financial Statements | 7 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Global Helping Hands
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a CIO (Charitable Incorporated Organisation) and it is controlled by its governing documents.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1190360
Principal address
137 Boyn Valley Road Maidenhead SL6 4DT
Trustees
Dr A Ali Dr A M Alam S Munir
Independent Examiner
Eccounting UK Quadrant Business Centre 99 Parkway Avenue Sheffield S9 4WG
Approved by order of the board of trustees on 23 December 2022 and signed on its behalf by:
Dr A Ali - Trustee
Page 1
Independent Examiner's Report to the Trustees of
Global Helping Hands
Independent examiner's report to the trustees of Global Helping Hands
I report to the charity trustees on my examination of the accounts of Global Helping Hands (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of IFA (Institute of Financial Accountants) which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Shoakat Zaman IFA (Institute of Financial Accountants) Eccounting UK Quadrant Business Centre 99 Parkway Avenue Sheffield S9 4WG
23 December 2022
Page 2
Global Helping Hands
Statement of Financial Activities for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 638,726 EXPENDITURE ON Charitable activities 3 Overseas Projects 567,895 Other 4,952 Total 572,847 NET INCOME 65,879 RECONCILIATION OF FUNDS Total funds brought forward 316 TOTAL FUNDS CARRIED FORWARD 66,195 |
Year Ended 31.3.22 Restricted Total fund funds £ £ 111,371 750,097 111,371 679,266 - 4,952 111,371 684,218 - 65,879 - 316 - 66,195 |
Period 10.7.20 to 31.3.21 Total funds £ 39,483 39,167 - |
|---|---|---|
| 39,167 | ||
| 316 - |
||
| 316 |
The notes form part of these financial statements
Page 3
Global Helping Hands
Balance Sheet 31 March 2022
| 31.3.22 | 31.3.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 66,895 | - | 66,895 | 616 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 8 | (700) | - | (700) | (300) | |
| NET CURRENT ASSETS | 66,195 | - | 66,195 | 316 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 66,195 | - | 66,195 | 316 | ||
| NET ASSETS | 66,195 | - | 66,195 | 316 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | 66,195 | 316 | ||||
| TOTAL FUNDS | 66,195 | 316 |
The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2022 and were signed on its behalf by:
A Ali - Trustee
The notes form part of these financial statements
Page 4
Global Helping Hands
Cash Flow Statement
for the Year Ended 31 March 2022
| Period | |||
|---|---|---|---|
| 10.7.20 | |||
| Year Ended | to | ||
| 31.3.22 | 31.3.21 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 66,279 | 616 |
| Net cash provided by operating activities | 66,279 | 616 | |
| Change in cash and cash equivalents in | |||
| the reporting period | 66,279 | 616 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 616 | - | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 66,895 | 616 |
The notes form part of these financial statements
Page 5
Global Helping Hands
Notes to the Cash Flow Statement for the Year Ended 31 March 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|
|---|---|
| Year Ended 31.3.22 £ Net income for the reporting period (as per the Statement of Financial Activities) 65,879 Adjustments for: Increase in creditors 400 Net cash provided by operations 66,279 |
Period 10.7.20 to 31.3.21 £ 316 300 |
| 616 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.21 | Cash flow | At 31.3.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 616 | 66,279 | 66,895 |
| 616 | 66,279 | 66,895 | |
| Total | 616 | 66,279 | 66,895 |
The notes form part of these financial statements
Page 6
Global Helping Hands
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Global Helping Hands operates a 100% donation policy. All admin expenses are covered by the Gift Aid received on donations or specific admin contributions.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Year Ended 31.3.22 £ Donations 554,626 Gift aid 84,100 Zakat 111,371 750,097 |
Period 10.7.20 to 31.3.21 £ 39,483 - - 39,483 |
|---|---|
continued...
Page 7
Global Helping Hands
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
3. CHARITABLE ACTIVITIES COSTS
| Grant | |||||
|---|---|---|---|---|---|
| funding of | |||||
| activities | |||||
| (see note | |||||
| 4) | |||||
| £ | |||||
| Overseas Projects | 679,266 | ||||
| GRANTS PAYABLE | |||||
| Period | |||||
| 10.7.20 | |||||
| Year Ended | to | ||||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Overseas Projects | 679,266 | 38,707 | |||
| The total grants paid to institutions during the year was as follows: | |||||
| Period | |||||
| 10.7.20 | |||||
| Year Ended | to | ||||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Overseas Projects | 679,266 | 38,707 | |||
| SUPPORT COSTS | |||||
| Management | Finance | Other | Totals | ||
| £ | £ | £ | £ | ||
| Other resources expended | 3,248 | 1,304 | 400 | 4,952 |
4. GRANTS PAYABLE
5.
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 39,483 - EXPENDITURE ON Charitable activities Overseas Projects 39,167 - NET INCOME 316 - |
Total funds £ 39,483 39,167 |
|---|---|
| 316 |
continued...
Page 8
Global Helping Hands
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ TOTAL FUNDS CARRIED FORWARD 316 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 9. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 316 TOTAL FUNDS 316 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 638,726 Restricted funds Zakat Fund 111,371 TOTAL FUNDS 750,097 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Restricted Total fund funds £ £ - 316 31.3.22 31.3.21 £ £ 700 300 Net movement At in funds 31.3.22 £ £ 65,879 66,195 65,879 66,195 Resources Movement expended in funds £ £ (572,847) 65,879 (111,371) - (684,218) 65,879 Net movement At in funds 31.3.21 £ £ 316 316 316 316 |
Total funds £ |
|---|---|---|
| 316 |
continued...
Page 9
Global Helping Hands
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 39,483 | (39,167) | 316 | |
| TOTAL FUNDS | 39,483 | (39,167) | 316 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 10
Global Helping Hands
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| Period | ||
| 10.7.20 | ||
| Year Ended | to | |
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 554,626 | 39,483 |
| Gift aid | 84,100 | - |
| Zakat | 111,371 | - |
| 750,097 | 39,483 | |
| Total incoming resources | 750,097 | 39,483 |
| EXPENDITURE | ||
| Charitable activities | ||
| Overseas projects | 679,266 | 38,707 |
| Support costs | ||
| Management | ||
| Admin/marketing | 3,248 | - |
| Finance | ||
| Bank charges | 1,304 | 160 |
| Other | ||
| Accountancy | 400 | 300 |
| Total resources expended | 684,218 | 39,167 |
| Net income | 65,879 | 316 |
This page does not form part of the statutory financial statements
Page 11