Hands of Giving Foundation
Report and Financial Statements
for the year ended 31 March 2024
Hands of Giving Foundation
Contents
| Page | |
|---|---|
| Trustees' Report | 1 - 4 |
| Independent Examiners' Report | 5 |
| Statement of Financial Activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 9 |
Hands of Giving Foundation
The Report of the Trustees for the year ended 31 March 2024
The trustees are pleased to present the charity's annual report and financial statements for the yearended 31 March 2024.
Reference and Administrative details:
Constitution
Hands Of Giving Foundation is a charitable organization established in 2021. It was registered with the CharityCommission as a CIO Foundation on June 29, 2021 (Registered Charity Number 1195003).
Registered Office and Headquarters
Hands of Giving Foundation 968 North Circular Road, 2nd Floor, London, NW2 7UZ
Telephone: 0208 6293666
Email: admin@handsgiving.org Website: www.handsgiving.org
Trustees
Trustees are appointed by the Board members. At the time of signing the report the trustees are: Mr Imad Zeidani
Mr Haissam Khalife Mr Nabil Khaled Atiyeh
Bank
Lloyds Bank PLC 16 Market Place Lancashire OL1 1JG
Independent Examiners
NK and Co Chartered Certified Accountants 9 Vange Riverview Business Centre Basildon SS16 4NE
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Hands of Giving Foundation
The Report of the Trustees for the year ended 31 March 2024
Structure, Governance and Management
The current working trustees are responsible for the general control and management of the charity. These trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet as and when required to discuss the business of the charity and are responsible for all decisions taken in relation to running the charity and activities provided by the charity.
Objectives and Charity Activities
The charity's main objects are to relieve financial hardship among poor people, orphans, and people in need, by means of, but not exclusively, making grants for providing or paying for items, equipment, services, and facilities, including the provision of food, water, and clothing, and costs for medical treatment and attending educational institutions for the benefit of the said persons.
Activities during the year
The key activities of the charity during the year 2023/24 included the following:
i. Winter Aid
Many refugees in Lebanon struggle to afford warm clothing and blankets, which can help protect them from the cold. Blankets and mattresses are essential items for refugees in Lebanon during the winter months, especially for big size families. Blankets and mattresses provide warmth and protection from the cold weather. Many refugees in Lebanon live in poorly insulated shelters that are susceptible to cold and damp conditions. Blankets and mattresses can help keep them warm and dry, reducing the risk of cold-related illnesses.
Winter Aid was about distributing blankets and mattresses for needy families worth £33.1 each in all areas among Lebanon. 1000 families benefited from this service where each has received 1 mattress, 2 blankets, and 1 pillow; total project expenditure equaled £33,100.
ii. Food Parcels
As part of the Ramadan Aid Programme, the charity distributed hot meals and food parcels to 350 poor and needy families in the refugee camps of Lebanon. Total project expenditure £9,836.
iii. Eid Adha Food Parcels
As part of Eid Al-Adha aid programme, the charity distributed a total of £12,300 in the form of food parcels to 270 needy families.
iv. Water Pump Projects
Unsafe drinking water can lead to several diseases such as diarrhea, typhoid, intestinal warms and hepatitis and a number of deaths occur as a result of water borne diseases in many parts of the world. As part of the fundraising appeal the charity managed to set up 7 water pumps in different rural villages in Pakistan.
Public Benefit
In setting out our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's guidance on public benefit.
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Hands of Giving Foundation
The Report of the Trustees for the year ended 31 March 2024
Financial Review
Policies On Reserves
The trustees have resolved to establish reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead.
Going Concern
The Board has assessed Hands of Giving Foundation to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. The trustees have considered several factors when forming their conclusion including sufficient free reserves and its low-cost operating base to be agile and adapt to any unforeseen impact on its income generation plans. The trustees have considered the going concern assumption and are not aware of any significant doubts about the charity's ability to continue as a going concern.
Transactions And Financial Positions
The financial statements are set out on pages 6 to 9.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Statement of Recommended Practice and Section IA of FRS102 the trustees consider the financial performance by the charity during the year to have been satisfactory.
The Statement of Financial Activities show incoming resources for the year of a net inflow of £41,724; 2023:net inflow £16,400. A majority of the expenditure is spent on delivering the charitable activities as stated inthe Charity's aims and objectives.
Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the Statement of Recommended Practice and Section IA of FRS102.
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to:
To prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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Select suitable accounting policies and then apply them consistently.
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Make judgements and estimates that are reasonable and prudent; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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State whether applicable accounting standards and statements of recommended practice have
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Hands of Giving Foundation
The Report of the Trustees for the year ended 31 March 2024
been followed, subject to any material departures disclosed and explained in the financialstatements.
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the charity legislation. 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. The Trustees are also responsible for the contents of the Trustees' report, and the accountant preparing the accounts has no responsibilities in relation to the Trustees' report.
This report was approved by the board of trustees on 25.11.2024
.................................
Mr. Haissam Khalife Trustee
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Hands of Giving Foundation
Independent Examiner's Report to the Trustees of Hands of Giving Foundation
Year Ended 31 March 2024
I report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
As the trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
The trustees have considered that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed instead.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities Act,
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Follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and
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State whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which give me cause to believe that:
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Proper accounting records have not been kept in respect of the CIO in accordance with section 130 of the Charities Act;
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a. The accounts do not accord with those records;
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b. The accounts do not comply with the accounting requirements of the Charities Act 2011; and
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The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for charities (SORP).
NK and Co Chartered Certified Accountants 9 Vange Riverview Business Centre Basildon S16 4NE
Date: 25/11/2024
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Hands of Giving Foundation
Statement of Financial Activities for the year ended 31 March 2024
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Income and Endowments | ||||
| Donations and Legacies | 117,150 | 5,050 | 122,200 | 125,654 |
| 117,150 | 5,050 | 122,200 | 125,654 | |
| Charity Expenditure | ||||
| Charitable Activities | 51,236 | 5,050 | 56,286 | 83,080 |
| Fundraising Cost | 8,480 | - | 8,480 | 9,798 |
| Administration costs | 15,710 | - | 15,710 | 16,376 |
| 75,426 | 5,050 | 80,476 | 109,254 | |
| Net Income/(Expenditure) | 41,724 | - | 41,724 | 16,400 |
| Transfer Between Funds | - | - | - | - |
| Net Income after Transfers | 41,724 | - | 41,724 | 16,400 |
| Reconciliations of Funds | ||||
| Total Funds Brought Forward | 16,400 | - | 16,400 | - |
| Total Funds Carried Forward | 58,124 | - | 58,124 | 16,400 |
The statement of Financial Activities includes all gains and losses recognised during the year.
All activities derive from continuing operations.
The notes on pages 8 to 9.
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Hands of Giving Foundation
| Balance sheet as at 31 March 2024 2024 Notes £ £ Current assets Cash at bank and in hand 58,389 Net current assets 58,389 Total assets less current liabilities 58,389 Charity Funds Accumulated Unrestricted Funds at 1 April 2023 16,400 Surplus for the year 41,724 Total Charity Funds 58,124 |
2023 £ 16,400 |
£ 16,400 |
|---|---|---|
| 16,400 - 16,400 |
||
| 16,400 |
............................
Mr Haisam Khalife Trustee
Approve by the trustee on 25.11.2024
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Hands of Giving Foundation Notes to the accounts
for the year ended 31 March 2024
1. Accounting policies
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1.1. Basis of Preparation: The financial statements have been prepared in accordance with the Charities SORP 2020 and the requirements of the Charities Act 2011]. (FRS102)
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1.2. Revenue Recognition: Income is recognized when it is probable that future economic benefits will flow to the charity and can be measured reliably.
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1.3. Fixed Assets: Property and equipment are recorded at cost and depreciated over their useful lives.
| 2. Surplus/(Deficit) Funds for the year Surplus of Fund 3. Related Party Transactions The aggregate amount of expenses paid to the trustees 4. Analysis of Charitable Expenses Charitable Activities Fundraising Cost Explanation on the charitable expenditure is given in the Trustee Report. 5. Staff Costs and Emoluments Wages and salaries PAYE Tax and National Insurance No of Staff There were no fees or remuneration paid to the trustees. |
2024 £ 41,724 2024 £ - 2024 £ 56,286 8,480 64,766 2024 £ 11,386 1,531 12,917 1 |
2023 £ 16,400 |
|---|---|---|
| 2023 £ - 2023 £ 83,080 9,798 |
||
| 92,878 | ||
| 2023 £ 14,225 1,158 |
||
| 15,383 | ||
| 1 |
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Hands of Giving Foundation Notes to the accounts
for the year ended 31 March 2024
6. Analysis of assets and liabilities representing funds
| Unrestricted | Unrestricted | Restricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | |||||||
| £ | £ | £ | |||||||
| At 31 March 2024 | |||||||||
| Tangible Fixed Asset | - | - | |||||||
| Current Assets | 58,389 | - | 58,389 | ||||||
| Current Liabilities | - | - | - | ||||||
| 58,389 | - | 58,389 | |||||||
| At 31 March 2023 | |||||||||
| Tangible Fixed Asset | 16,400 | - | 16,400 | ||||||
| Current Assets | - | - | - | ||||||
| Current Liabilities | - | - | - | ||||||
| 16,400 | - | 16,400 | |||||||
| Analysis of Fund included above | Funds at | Movements | Funds | Funds at | |||||
| 2023 | in Funds | Transfer | 2024 | ||||||
| £ | £ | £ | £ | ||||||
| Hands of Giving Foundation | 16,400 | 41,724 | - | 58,124 | |||||
| Analysis of Movement in Funds | Incoming | Outgoing | Gains & | Movement | |||||
| Resources | Resources | Losses | in funds | ||||||
| £ | £ | £ | £ | ||||||
| Hands of Giving Foundation | 122,200 | 80,476 | - | 41,724 | |||||
| 7. | Endownment Funds | 2024 | 2023 | ||||||
| £ | £ | ||||||||
| Endownment Funds received during the year | - | - |
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The following pages do not form the part of statutory accounts
Hands of Giving Foundation
Detailed Statement of Financial Activities
for the year ended 31 March 2024
| Income Donations Charitable Expenses Charitable Activities Fundraising Cost Administrative expenses Wages and salaries Staff pension costs Postage and stationery Telephone and Internet Accountancy Bank Charges FR Regulator Surplus of funds |
2024 £ 56,286 8,480 |
£ 122,200 64,766 |
2023 £ 83,080 9,798 |
£ 125,654 92,878 |
|---|---|---|---|---|
| 12,917 400 282 890 840 331 50 |
15,383 - 163 620 210 - |
|||
| 57,434 (15,710) |
32,776 (16,376) |
|||
| 41,724 | 16,400 |
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