Registered Charity number-. 1206150 Regislered Company number.. 14940578 ACTION YEMEN LIMITED Annual Rewn and Financial Siaiemenis For the Period Ended 16 June 2023 10 30 June 2024
ACTION YEMEN LIMITED Registered Charity number: 1206150 Contents Sirategic Report I2 Tw.%iee%' Repon Siatemeni of TnLsiees' Responsibilities Independeni Examinerfs Report Staiement of Financial Aciiviiies Balance Sheet Note% io the Financial Sthiemenis 8 10 12
ACTION YEMEN LIMITED Registered Charity number". 1206150 Strategic Report for the Period Ended 16 June 2023 to 30 June 2024 Organisational StructMre The iru4iee% are responsible for the overdll conirol and manageineni of the charity. The irustee8 give Iheir lime freely and receive no salary or oiher financial benefi. The trusiees meei iogeiher on a re¥ular basis and are responsible for all decisions iaken in relation lo running and aciiviiies of ihe charity. The Irwsiees coniinue io be aciively involved in the Tunningi of projecis supponed by iheir sialTand Yolunteers. R¢¢ruliment and Appoinlment of Trustees There are five tr$tee%. The trustees are responsible for the recruiimeni of new itwsiees and will appoint additional Iru$lee8 a.s required. Rlsk lia£eMent Policies and Procedures have been pui in place 10 ensure thai risk.s are conirolled and InanAged. Trustees have put in plcice 8y¥iein.% and requirem¢nl% are ai hand, io manage the risk8 ihai have been identified. The tru.%iees are aware of the risks associated wilh providing hl¢&ian aid in hish-ri%k counirie$ are being managed and ri%k &sse5smenis hav¢ b¢¢n pui in place. Tlee$ have aiiended workshops for charities workins in high risk areus. Trnstees also engaged 5¢rvi¢es of an exiernal consultant for advice and Buidance. as and when required. Arlivities #nd Achxevements The Ifu%iees consider that these activities. summarized below, provide benefit boih io people in this country and oversea5. Relief of Hardship Actiiities Humanitarian relief and support of people in Yernen. These wfi¢iaries would include individuals and families living in poverty and inlemally displaced people. We aim lo provide W1b1¢ relief and save lives. We aim io keep ¢hildren in education and work to encourage PIe to be¢om¢ financiatly independeni in a county thai is suffering one of the world'5 worst humanttarian disasiers. Page
ACTION YEMEN LIMITED Registered Charity number: 1206150 Strat¢gl¢ Report for the Period Ended 10 June 2023 to 30 June 2024 Financial review During the period ending 30 June 2024. the charity ratscd £70.2LK) in eharilable donaiions and spent £31,873 on Charitable Aciivilie% in accordance with its objecllves. Polfft¢y on r¢5¢rvtS The chariiy's reserves is siood ai £38,344. The Irusiees consider the leN'el ofyear end res¢rve$ be sufficienl in meeting th¢ further needs ofthe charity. Rtsk Manthgement The trusiees aciively review the major risks which the charity faees on a regular basi$ and believe thai maintainin re5erve¥ ai current levels. combined Hqih an annual r¢view of ihe contr()Is oN'er key financial sysiem%. will provide $UiLLent resourceb in the eveni of adN'erse condiii(Trns. The truslees have also e.xamined oiher operational and busineK% ri.%k% faLed by Ihe charity and confimi thai they have been establithed by%iemb io n)iii¥aie Il)e sibjnificani risks. Fu¢ure Pl#n$ The Trnslees are Very proud of the achievements of ihe Vario projects throughoui 2023-24. The charity operaies and Continue 10 maintain a IOOQ/y dotvdtion pglicy where every 5in8le penny donated bjoes iowards chariiable ¢au.4e. The Trustees are very grateful lo all donor% and voluntetr% 'hO have helped the Charity 10 ¥0 fron) slr¢nbFth each year. The slrai¢gi¢ report wgs approved by The trustees of the Chariiy on . And sigrt¢d on ils behalf by.. Abdul Yahia Rakeeb Trustee Page 2
ACTION YEMEN LIMITED Registered Charity number: 1206150 Trustees, Report The Iru%leeb. who are direciors for Ihe PUTwses of cotnpany law. present ihe annual report together with the financial 81aiemeni.% of ihe charitable company for the peri(Kl 16 June 20?3 to 30 June 2024. Objectives and activities Piiblic beThefit The siniegic report sets out the actLVlties und¢rtak¢n lo fvrther public berfIl. The iN8iees confim) thai they have complied with th¢ r¢quir¢m¢nts of s¢¢iion 4 of ihe Chariii¢s Act 2011 lo have due regard io Ihe public beneflt Buidance publish¢d by th¢ Chariiy Commission for Ingland and Wales. Stru¢titre? goi'¢rThance and niauagement RefereDre and Administr*livt Details Trustees Al)dul Yohia Rakeeb TNsiee Sameem Rakeeb Trusiee Zamzam Essa Arafal AtrKlulla Trusiee MaThvan Hamood TrU$t Prlnclpal orriet Aciion Yemen CIO Darul LLM Golden Hillock Road Sparkbrook Bimlingham B112PY Charit). Registration Number 1206150 Compaiiy Regi$trAilon Number 14940578 Independeni Examlntr Moughal & Co (B•haml Lid Chanered Certified Accounthnts George Cou 17 George Sireet Bimiingham Wesl Midland5 BI79RG 6//212+ The annual report was approved by the trustees of ihe Charity on ......... behalf by.. and signed on lis Abdul Y8hia Rokeeb Page 3
ACTION YE]EN LIMITED Regist¢red Charit). Dumber." 1206150 Statement of Trustees, Re$pon$ibilitie$ The iN8tee8 are Teskx)nsible for preparing Ihe finartial slatements in accordance wryth the United Kingdon) Accounting Siandards (Uniied Kingdom GerallY Aecepted Accounting Practice) aTMI applicable law and re¥ulaiions. Company law require8 ihe irnqiees io prepare financial slalements. for each financial year. UTMler company l&w the tru41ee¥ mu%t no¢ approve the financial sthiemenis unless ihey are saiisfied ihal they give a irue and fair view or the 81aie of alTaif% of Ihe chariiable company and of its incoming resourctr and applicalioii ofTe50urce4. Lrtcluding i1¥ income and expenditure. for ihai peri. In preparing IlKse financial sthiemenis. Ihe InLsiees are required io.. select IFULtable accounting policies and apply them consisienily- observe the nieihods and principlts in ihe Chariiieb SORP: make judg¢m¢nls and esiimaies thai are reabonable aThJ prudent: 8iaie wheiher applicable UK Accouniing Siandards have been followed. subject 10 any maierial depanuTeN disclo%ed and explained in ihe financial siaiemenis.. and Prepare ihe financial statements. on the going ¢on¢ern basis unless il is inappropri¥l¢ to pret*um¢ thai the charitable company will eontirtue in business. The Inlee8 are respon$ible for keepin8 adequate o¢¢ounting records Ihal are sulTicient to show and ¢xplain the eharitable company's transaciions and disclose with reasonable ac¢ur4cy ¥¢ any lime the finan¢ial position of the charitable company and enable them to esUre that ihe flnancial slalements Comply witli the Companie5 Act 2006. They are &140 re%ponsible for safeguarding ihe ofthe charitsblc company Jnd hen¢¢ for takin&r re&wnabl¢ steps for the preveniion and deteciion of fraud and oiher irregularities. Page 4
ACTION YEMEN LIMITED Registered CharitTr' number: 1206150 Independent Examiner's Report to the trustees of ACTION YENIEN LIMITED We report on the accounts of the Charity for the period 16 June 2023 10 30 June 2024 which are sei out on pages 51012. Your altentiori 15 drawn to the (act that Charity l]as prepared the Financial Siatetnents in accordance with Accounling and Reporting by Charities preparing their accounts in accordance wilh the Financial Reporting Siaiidard applicable in the UK ajid Republic of Ireland IFRS 10?) in preference lo the Accounllny and Reportlng by Charities.. Statement of Recommended Prdclice issued on l April ?005 which is referred lo in Ilie extanl regulations bul has since withdraw. We understand that thi5 has en done in order for the accounts lo provide a true and (air view in accordance with the Generally Accepted Ac£ounling Pwti¢¢ effwtiv¢ for r¢FK)rting periods beginning on or after l January 2015. Respectiie responsibilities of trusieu ind examiner Tlie ¢rU1¢¢5 {who ar¢ al&0 Ili¢ dirti¢or¥ of die conipany for ihe PUTwses of company lawl ore reswnsible for il)e pr¢paralion ofthe accounts. The twslees consider thai an audii is noi required for this year under seclion 144121 of th¢ Charities Act ?01 l {Ihe 2011 Act) and thai an indepeThlenl examination is n¢ed¢d. The charit gross income e.xce¢ded £?50.0(K). Having salisfJ¢d ourselves Iha¢ ihe ch8Tiiy 1$ not subje¢1 lo ¥udii under conanY law ¥nd 15 eligible for indepeiideni exarninolion, li is our Tr$1b)lity ¢0.. examine ihe occounii under section 145 of ihe 2011 Aci; 10 follow ihe procedure% laid down in ihe general Direciions given by Ihe Charity Commis$ion under seciion 14515llb} of Ihe 2011 Act.. and its slate w'heiher particular rnallers ha>E come to my aitenlLOn. Bas1$ of Independent ¢xamlner'$ report Our exaininaljon iva% carried out in accordance wtth the general Directions given by the Charity Commibsion. An examination includcs a rcview of the accounling records kepi by the Charity and a coinparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounis, and seekirlg explanations froni you 0.% Inlsiees concerntng aiiy such mallers. The procedure5 undertaken do not provid¢ all ihe evidence that would be required in an audii and COAsequenily no opinion is given as to whether Ilie a¥¢oun¢% pre%eni a 'ina¢ and Fair le. and the report is limiied 10 those nwiiers sel oui in tli¢ staten)enl below. Independent Eiamlner's Statemenl In ionneciion w'iih our examiiiaiion. no maierial mailer come to our atteniion which gives us ¢aw¢ to lieve that in, any maierial res1.. al the accounting records were noi kept in accordance with seciion 130 of the Charities Aci 2011; or bl the accounis did noi accord wilh the accouniing records.. or c) the aLLounib did nol Lomply with ihe appliLable re4uir¢iiienls Lonieniin¥ Ilie fonii and con(eni ofihe aceounis sei out in the Charilies {A¢counls and R¢wrtsl R¢gulalions 2008 other than any requiremeni ihat the a¢¢ounts give 4'lTue and fair" view which is nol a matter ¢¢)nsid¢red ys part of an independeni examination5. We hal'e no concem and have come across no other mat¢er8 in conneciion with the examination io which ai¢eniion should be drdwn in this report in order enable a proper understsnding of the accounts io be reached. MougThal & Cts IB*haml Lid George Court, 17 George Street Birn]ingham B12 9RG Date.. Page 5
ACTION YEMEN LIMITED Registered Charil)- number: 1206150 Statement of Financial Actii'ities For the period ended 16 June 2023 to 30 June 2024 Resiricied Fun&8 Unresiricied Funds TOTAL Funds 2024 INCOMING RESOURCES Note Incoming Resources from generdting fuiids.. Sadaqah donations and Zakat 70.217 70.217 TOTAL INCOMING RESOURCES 121 70.217 70.217 Resouree$ F.xpended Cliarilable actii'ilies 30.814 30.814 Adininisiraiive expenses Govemance cos15 459 459 13) 600 TOTAL RESOURCES EXPENDED 31,873 31,873 NET MOVEMENT IN FUNDS 38,344 38,3H RF.CONCILI.4TION OF FLTNDS TOTAL FUNDS Brou¥i)I for¥Trard TOTAL FUNDS Carried fonvard 38,344 38,344 Pag¢ 6
ACTION YEMEN LIMITED Registered Charit), number: 1206150 Balance Sheet As at 30 June 2024 2024 Note FIXED ASSETS CURRENT ASSETS (7) 38.944 CURRENT LIABILITIES (81 16(X)) NET CURRENT ASSETS 38.344 NON-CURRENT LIABILITIES TOTAL ASSESTS LESS TOTAL LIABILITIES 38,344 Restrleted Funds Specific funds brought forward Surplus for Ihe year 38,344 TOTAL CHARITY FUNDS {10) 38.344 Th¢ financial siai¢m¢nts were approved by ihe Board of Trustees on ... behalf by.. . and were signed on its Abdul Yahia Rakeeb Trustee The noies at pages 8 to 12 forni part of these accounis. Page 7
ACTION YEMEN LIMITED Registered Charih. number: 1206150 Notes to the Fin#ncial Statements perlod ended 16 June 2023 to JO June 2024 l Accounting policies Sunimar) of Signifieant AecountiThg polfftcies aDd kev accounting ¢stmateS Tlie priJiLLpal aicounliiig policies applied Lrt ihe pieparaliun of ih¢se li1lia1 slalements. are Sel out below. These policies have been consistenily applied 10 all Ihe years pre&vnied. unle55 Othenvise staled. Statement vfcomplianee Tlie fiiianLial %iaieJi)eni% lia¥'e been prepared in acCordae with Accounlitlby and Reportinbr by Charities.. Siatenieni of ReLoniJnended Praeii¢e applicable io charilies preparing (heir accounts in accordance wilh the rinai)cial Reportjttby Standard applicable in ihe UK and Republic of Ireland IFRS 1021 letlective l January 20151 (Charities SORP IFRS 1021. Il#$ls of preparatlon AC-I'ION YEME.N LIMITID n)eeis ihe definÉlion of a public benefit enlily under FRS 102. Assets. and liabiliii¢s gre initially recobinised ai htsiori¢al cosi or Iransaciion value unlex% oihenvise siaied Ln the relevani accounlinb policy nol¢s. Golng concern Th¢ Iru.%iees ¢on.%ider thai ihere are no maierial uncertainties about Ihe Charity's ability lo conlinue as a bjoing onLern nor any 5ignific8nl areas of uncertainty ihai atreci the carryinbF valu¢ of &%s¢Ls h¢ld by tk Charity. Iiicome and e11d(bmtnts All iiicojiie is reLObTl1 j.%ed onLe ihe Chariiy has eniiilement io the income. it is probable thai the income will be received and the amount of the income receivable can be measured reliably. Don¢iiions legci¢'ies Donations are recobini.sed when Ihe Chariiy has been noiified in wrilin&? of boih the an)ouni and &eiilemeni date. In the event Ihal a donation is %ubJe¢i io condiiions thai require a level ofperforn)ance by the Charity before the Charity is entitled lo the fund$, lh¢ income is deferred and noi recogjnised until either ih05e condition5 are fully met. or Ilie fuifjlnienl of Ihoie ¢ondiiions is wholly within the control of the Charity and il is probable Ihyt th¢se ¢ondition% will be fulfilled in the wpoftin& period. Expendlture All e.Kpetidiiure is recognised once there is a legal or COWStructive oblig)lion lo thai expenditure. il is probable seiilemeni is required and the amount can be mea&ur¢d r¢liably. All Cosrs Jr¢ allocated to (he applicable expenditure heading Ihai agbpreb?aie similar costs ¢0 thai caiegory. Where costs cannoi be direcily a¢iribuied io particular headLngJs they have been allaTed on a basis consisieni wilh ihe u%e of rewurces. with ceniral ¥iaff costs alloLaied on Ihe basis of lime spent. and depwiaiion charges allLKaied on the portion of the assei's use. Oiher suppor¢ Cobls are allocaied ba1 on ihe spread of sthff costs. Ral.iin%funds These are co.%1% incurred in aiirdciing voluntary income. the mana8ernent of investm¢nts and th9 in¢urred in trading aciivities thai rdise nds. Cliarilahle activitie.s Charitable e.¥penditure comprises tho% costs incurr¢d by the Chariiy in the delivery of lis a¢iivities and qervices for lis kneficiaries. It include.% both CO%LS thai can be o11(Kaied direcily io such aciiviiies and those co%lS of an indirect nature necessary to support them. Grfinipi'oi'i.%ion.s Provisions for grants are made when the inienii¢)n io make a grani has been communicated to the re¢ipieni but there 1$ uncertainty aknut either the liming of the grani or the amount of grant payable. Page 8
ACTION YEMEN LIMITED Registered Chariti. number: 1206150 INotes to the Financial Statements periiMI ended 16 June 2023 to 30 June 2024 Govtrnanee eo$t$ The include the c$18 a¢lribuiable io Ihe Charily'$ compliance wilh consiilulional and slatulory r¢quiremenls. inLluding audii.-siralegic mana¥¢meni and TThsiee'$ meeiings and reimbui%ed expense8. Taxation I"h¢ Cliarily is considered io pass the ie¥iS sei oui in Paragraph I Schedule 6 of the Finance Aci 2010 and Ihereforc li mee14 ¢lie defjniiion of a chariiable company for UK Corporaiion i&x purpo¥es. Accordingly. th¢ Clr11Y is w)ientially exempt from thxaiion in re%peci ofincome or capithl gairn% rtteived wiihin categories cov¢r¢d by Chapter 3 Pan I l of ihe Corporaiion Tax Aci 2010 or Section 256 ofihe T&xaiion of Chargeable Gains A¢1 1992. to the extent Ihai such income or gains are applied exclusively io chartiable pU4C$. TanRible fixtd #5sets IndiTr'idudl fixed a%e14 cosiing £5(K).(KJ or more are initially recordtsj ai cosi, le any subsequent accumuloleil depreLiaiion and 4ub4equeni accumulated impalmnI lo&ses. DepreclAilon #nd 8mortls#ilo D¢pTeciaiion ].% prok'ided tsn iangpible fi.led a&8ets so as write olTihe cost or valuation, less any estimaied residual value, over their expecied useful e¢0Mi¢ life as follows.. Office Equipmeni.. 5 years C4$h and tash tqulv*lettis Ca¥h and cash equivalents comprise cash ott hand and Call de)5]15. and oiher bhort-iemi hi¥lily liouid invtsimenls Ihai are readily convertible io a amouni of cash and are subjeci io an insinIfiCant risk ofchang7e in value. Burroii'iJig5 Interesl-bearing ix)rrowings are initially recorded ai fair value. nei of transaciion cosis. Interest-bearing bgrrowtng¥ are subsequently Carried ai amortised co%1. with ihe ditrerence belH'ttn ihe proceeds. nei of Iran%aciion costs. and the amouni due on redemption beinbl recoynised & a ¢har8e the Siaien)eni ol Financial Aciiviiies over the period of the relevant borrowin8. Int¢r¢sl expense is reco8nis¢d on th¢ basis of the effeclive intere51 method WKI is in¢luded in interest payable and similar charge.8. BoTTowings are ¢la35ified as current li8biliiies unle&s the Charily ha$ an unconditional righi io defer setilemeni of the liabiliiy for al lea%1 twelve monihs after ihe reponing dale. Fund Structure Unrestricied income are general fvnds ihai are available for use ai the iruslee's discretion in furt]ierance of the objectives of the Chariiy. Restricted ÈJKome funds are those donated for use in a particular area or for specific purposes, the use of which is restri¢ted to that area or purpose. Page 9
ACTION YEMEN LIMITED Registered Chydrity. number: 1206150 Notes to the Financial Statements period ended 16 June 2023 ¢0 30 June 2024 2. Income from Douations Resiricied funds Un-reslrici¢d runds Total 2024 Sadaqah donaiions and Zakat 70,217 70.217 70.217 70.217 3. Covernthnce ¢o$tS Rts1ricted funds Gcncral Tol41 2024 Aceounrancy charges 600 600 4. Trustee rcmunerntlon and expenw$ During the year ihe Charity made the following transactions with irusttts: No Trustees Expenses were reimbursed for lh¢ year. S. StAff ¢osts The aggregate payToII Costs were as follows: Total 2024 Staff costs during the year were.. Wages and salaries &. Social security cos Average number of employees for the period No employee received any emoluments. Page 10
ACTION YEMEN LIMITED Registered Charity. number: 1206150 r4otes to the Financial Statements period ended 16 June 2023 to 30 June 2024 6. T Axation The Charity is a registered Chariiy and is exemw from taxation. 7. Current a55ets Tot¥1 2024 Lloyds Bank Peiiy cash 38,344 38,344 8. Creditor5: Amount$ falling due within one )'e%r Total 2024 Accruals 600 9. Conilngent Ilabllltles Except as Teflected in the Financi81 Statements. Ih¢re were No contingeni liobilities ai 30 Jun¢ 2024 10. Reserves 2024 Nct SUTpIu5 for th¢ year As ai 30 June 2024 38,3M 38,344 Pagell
ACTION YEMEN LIMITED Registered Chari¢). number: 1206150 Income & Expenditure statement For the period ended 16 June 2023 to 30 June 2024 Resiricled Funds unStrict¢d Funds Total 2024 INCOINI Sadaqah donations and Zakat 70.217 70.217 Total Incomlng resources 70,217 70,217 EXPEI¥4DITL RE Chthrlt4ble Ex endilure Event organizing ¢osis Overseas projects in Yem¢n 1,614 29,2IK) 1,614 29,2(y) 30,814 30,814 Admlnlstr#llve F.x endllurc Insurance In¢ern¢i and IT cos¢s Bank churges 270 99 270 459 459 Ciovernance Accountancy charges 600 600 TOTAL EXPEf+iDITLRE 31,873 31,873 EXCESS II%COrNIE ONTR EXPEl*DITURE 38.344 38,344 Page 12