HUMANAIDUK
(A Company Limited by Guarantee)
Financial Statements for the year
ended 31 March 2016
CONTENTS PAGE NO
Directors/Trustees Report 1-11
Auditor's Report 12-14
Statements of Financial 15
Activities
Balance Sheet 16
Notes to the Accounts 17-23
Report & Financial statement 2016, Human Aid UK
RESERVE
The Board of Trustees have adopted a reserves policy
to hold the equivalent of 6 to 9 months' operational
expenditure in reserve (£113k to 170k). The actual
free reserves in current assets at the end of the
year were £152k excluding all restricted funds.
The Board of trustees considers the reserve policy
to be adequate as the giving tradition is strong in
such a charitable organisation.
FINANCIAL POSITION
The Statements of Financial Activities shows a deficit
of £109,020 ( 2015 is deficit £15,506) for this year
with the net Balance Sheet value of £264,292
(2015 is £373,312).
DIRECTORS/TRUSTEES'
RESPONSIBILITIES
The Trustees, who are also Directors of Human Aid
UK for the purposes of Company Law, are responsible
for preparing the Trustees' Annual Report and
financial statements in accordance with applicable
law and United Kingdom Accounting Standards
(UK GAAP applicable to smaller entities).
Company/Charity law requires the Trustees to
prepare financial statements for each year, which
give a true and fair view of the state of affairs of the
charitable company and of the incoming resources
and application of resources, including the income
and expenditure of the charitable company
for that period. In preparing these financial
statements, Trustees are required to:
• Select suitable accounting policies and
then apply them consistently;
• Observe methods and principles in the
Charities SORP (FRSSE 2015);
• 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 statements;
• Prepare financial statements on the going
concern basis unless it is inappropriate to
presume that the charitable company will
continue in operation.
Report & Financial statement 2016, Human Aid UK
The Trustees are responsible For keeping adequate
accounting records that disclose with reasonable
accuracy at any time the Financial position of the
charitable company and enable them to ensure that
the Financial statements comply with the Companies
Act 2006 and Charities Act 2011.
They are also responsible For safeguarding the
assets of the charitable company and hence For
taking reasonable steps For the prevention and
detection of Fraud and other irregularities.
In so Far as the Trustees are aware:
- There is no relevant audit information of which the
charitable company's auditor is unaware; and
- As the Directors of the company, we have taken all
steps that we ought to have taken in order to make
ourselves aware of any relevant audit information and
to establish that the company's auditors are aware of
that information.
AUDITORS
An independent audit was carried out by Abacus
Partners (LON) LLP, Chartered Certified Accountants
& Statutory Auditors. Abacus Partners (LON) LLP are
deemed to be reappointed in accordance with an
elective resolution made under Section 386(1) of
the Companies Act 1985 which continues in Force
under the Companies Act 2006.
These Financial statements have been prepared in
accordance with the special provisions of Part 15 of
the Companies Act 2006 and the Financial
Reporting Standard For Smaller Entities
(effective January 2015) relating to small
companies.
This report was approved by the directors/trustees
on 30 September 2016.
Signed on behalf of the board of
directors/trustees,
Mr Nur-e-Azom Choudhury
Secretary
Report & Financial statement 2016, Human Aid UK
OPINION ON OTHER MATTER
PRESCRIBED BY COMPANIES ACT 2006
In our opinion the information given in the Trustees'
Annual Report For the Financial year For which the
Financial statements are prepared is consistent with
the Financial statements.
MATTERS ON WHICH WE ARE REQUIRED TO
REPORT BY EXCEPTION
We have nothing to report in respect of the Following
matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
- Adequate accounting records have not been kept or
returns adequate For our audit have not been
received From branches not visited by us; or
- The Financial statements are not in agreement with
the accounting records and returns; or
- Certain disclosures of Trustees' remuneration
specified by law are not made; or
- We have not received all the information and
explanations we require For our audit; or
- The Trustees' were not entitled to prepare the
Financial statements in accordance with the small
company's regime and take advantage of the smalll
company's exemption in preparing the Directors'
report.
Senior Statutory Auditor for and on behalf of
Abacus Partners (LON) LLP
Unit A, Abbotts Wharf
93 Stainsby Road
London E14 6JL
03 October 2016
Report & Financial statement 2016, Human Aid UK
Total Total
Unrestricted Restricted 2016 2015
INCOME AND EXPENDITURE Notes £ £ £ £
INCOMING RESOURCES
Voluntary Income 3 216,814 - 216,814 196,627
Investment Income 4 3,825 - 3,825 4,135
Charitable Activities Income 5 20,497 437,968 458,465 578,521
Total Income 241,136 437,968 679,104 779,283
RESOURCES EXPENDED
Cost of Voluntary 6 964 - 964 211
Cost of Fundraising 7 8,502 39,391 47,893 22,926
Charitable Activities Cost 8 173,613 520,780 694,393 720,901
Governance and Support Cost 9 44,874 - 44,874 50,751
Total Resources Expended 227,953 560,171 788,124 794,789
NET INCOME /DEFICIT FOR THE YEAR 13,183 (122,203) (109,020) (15,506)
Fund Movement (1,076) 1,076 - -
Fund as at 1 April 2015 144,099 229,213 373,312 388,818
Funds as at 31 March 2016 156,206 108,086 264,292 373,312
HUMAN AID UK ( A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2016
The notes on pages 17 to 23 form part of these accounts.
Report and Financial Statement 2016, HUMAN AID UK 15
Total
2016 2015
Notes £ £ £
FIXED ASSETS:
Tangible Assets 14 4,703 4,968
Current Assets:
Debtors & Prepayments 15 33,088 111,442
Investment 16 10,000 10,000
Cash at Bank and in hand 320,144 272,114
363,232 393,556
Creditors:
Amount falling due within one year 17 103,643 25,212
Net Current Assets 259,589 368,344
Total Net Assets 264,292 373,312
Funds
Unrestricted funds 20 156,206 144,099
Restricted Funds 20 108,086 229,213
Total Funds 264,292 373,312
The financial statements were approved by the Board on 30 September 2016 and signed on its behalf by
Mohammed Kashim Ali Nur - E- Azom Choudhury
(Chairman) (Secretary)
BALANCE SHEET AS AT 31 MARCH 2016
The notes on pages 17 to 23 form part of these accounts.
Report and Financial Statement 2016, HUMAN AID UK 16
HUMAN AID UK ( A COMPANY LIMITED BY GUARANTEE)
These accounts have been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (UK GAAP applicable to Smaller Entities).
1 Accounting Policies
1.1 Basis of preparation of accounts:
1.2 Income Recognition:
● Donation and other income recognised when received.
● Grants for immediate expenditure are accounted for when they become receivable.
● Grants / Donation restricted to future accounting period are deferred and recognised in those periods.
● Grants / Donation for specific project are treated as restricted to the projects c/fwd for future operation.
1.3 Allocation of cost:
Costs are allocated between restricted and unrestricted fund according to the terms of income.
Where items expended are mixed, they are apportioned between the categories according to the income they
relate to as well as using best possible professional judgements.
1.4 Support cost:
1.5 Tangible fixed assets and depreciation:
Fixed assets for the charity use are capitalised at cost. They are stated in the accounts at cost less depreciation.
Depreciation is calculated to write off the cost less their estimated residual value, over their expected useful lives
on the following bases:
Furniture, Fixture and Equipment's 20% on cost.
1.6 Funds:
1.7 Reconciliation of new and previous Generally Accepted Accounting Practice (GAAP):
2. Incoming Resources
The incoming resources and surplus are attributable to the principal activities of the charity.
There is no requirement of balance sheet and net income/(expenditure) restatement for adoption of FRSSE 2015, therefore, no reconciliation is shown.
● Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been
designated for other purposes.
● Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated
fund is set out in the notes to the financial statements.
● Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for
particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set
out in the notes to the financial statements.
Report and Financial Statement 2016, HUMAN AID UK 17
( A COMPANY LIMITED BY GUARANTEE)
for the year ended 31 March 2016
HUMAN AID UK
Notes to the financial statements
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 Financial Reporting Standard for Smaller Entities published on 16/07/14, the Financial
Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. Assets and liabilities are initially recognised at historical
cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance
conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office
costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between
cost of raising funds and expenditure on charitable activities.
INCOME SUMMARY
3 VOLUNTARY INCOME: Unrestricted Restricted 2016 2015
£ £ £ £
Donations 103,448 103,448 124,970
Gift Aid Via Just Giving 29,317 29,317 71,657
Gift Aid Via Virgin Giving 84,049 84,049
216,814 - 216,814 196,627
4 INVESTMENT INCOME: Unrestricted Restricted 2016 2015
£ £ £ £
Profit from investment Note 16 3,825 3,825 4,135
3,825 - 3,825 4,135
5 CHARITABLE ACTIVITIES INCOME: Unrestricted Restricted 2016 2015
£ £ £ £
Gaza Collection 2,528 48,030 50,558 240,280
Gambia Collection 3,105 58,990 62,095 15,147
Bangladesh Collection 1,985 37,712 39,697 28,958
Qurbani Collection 9,431 9,431 7,287
Zakat ul Fitr Collection 11,464 11,464 17,962
UK Service Development 266 5,063 5,329 2,180
Syria Collection 10,360 196,847 207,207 255,610
Burma Project 2,253 42,797 45,050 11,097
Yemen Collection 251 251 -
Iftar Collection 27,383 27,383 -
20,497 437,968 458,465 578,521
Total Income 241,136 437,968 679,104 779,283
Report and Financial Statement 2016, HUMAN AID UK 18
for the year ended 31 March 2016
Notes to the financial statements
HUMAN AID UK ( A COMPANY LIMITED BY GUARANTEE)
EXPENSES SUMMARY
6 VOLUNTARY COST: Unrestricted Restricted 2016 2015
£ £ £ £
Subscriptions 964 964 211
964 - 964 211
7 FUNDRAISING COST: Unrestricted Restricted 2016 2015
£ £ £ £
Fund Raising Event costs 8,502 39,391 47,893 22,926
8,502 39,391 47,893 22,926
8 CHARITABLE ACTIVITIES COST: Unrestricted Restricted 2016 2015
£ £ £ £
Salaries and wages 57,468 16,000 73,468 47,041
Staff Training 3,430 3,430 -
Rent, Rates and Service Charges 48,635 48,635 45,754
Gaza Project 92,621 92,621 176,116
Gambia Project 11,321 11,321 9,742
Bangladesh Project 31,715 31,715 39,657
Qurbani Project 18,431 18,431 10,270
Zakat ul Fitr Project 15,017 15,017 21,291
UK Service Development 4,468 4,468 12,000
Syria Project 250,353 250,353 266,290
Burma Project 42,214 42,214 9,128
Emergency Project - 2,454
Iftar Project 17,817 17,817
Travel Expenses 8,291 2,823 11,114 22,306
Casual Worker & Volunteer expenses 30,718 18,000 48,718 33,677
IT Support and Maintenance 1,403 1,403 5,959
Repair & Maintenance 1,487 1,487 3,993
Publicity and Marketing 15,165 15,165 8,030
Hire of Equipment's - 792
Telephone/Internet 1,708 1,708 1,920
Printing/Postage/Stationery 3,065 3,065 3,750
Credit Card Charges 2,243 2,243 731
173,613 520,780 694,393 720,901
9 GOVERNANCE AND SUPPORT COST: Unrestricted Restricted 2016 2015
£ £ £ £
-
Salaries and wages 9,487 9,487 8,274
Staff Training - -
Rent and Service Charges 16,212 16,212 15,252
IT Support and Maintenance 467 467 1,986
Insurance 417 417 2,504
Printing/Postage/Stationery 1,021 1,021 1,250
Telephone/Internet 569 569 693
Travel Expenses 1,235 1,235 2,478
Professional fees - 1,920
Bank Interest and Charges 109 109 76
Sundry expenses 628 628 1,303
Depreciation on FF & Equipment's 2,372 2,372 2,716
32,517 - 32,517 38,452
Governance Cost:
Salaries and wages 6,324 6,324 5,517
Meeting expenses/Refreshment 1,833 1,833 2,582
Consultancy - - -
Book Keeping and Accountancy 2,100 2,100 2,100
Audit Fees 2,100 2,100 2,100
12,357 - 12,357 12,299
44,874 - 44,874 50,751
Total Expenses 227,953 560,171 788,124 794,789
HUMAN AID UK
Report and Financial Statement 2016, HUMAN AID UK 19
( A COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements
for the year ended 31 March 2016
Supports Cost:
10 PROJECT INCOME SUMMARY : Charitable 2016 2015
Activities Voluntary Investment Other Total Total
Income Income Income Income Income Income
£ £ £ £ £ £
Syria Project Note 13a 207,207 207,207 255,610
Gaza Project Note 13c 50,558 50,558 240,280
Gambia Project Note 13d 62,095 62,095 15,147
Bangladesh Project Note 13e 39,697 39,697 28,958
Qurbani Project Note 13f 9,431 9,431 7,287
Zakat ul Fitr Project Note 13g 11,464 11,464 17,962
UK Service Development Note 13h 5,329 5,329 2,180
Burma Project Note 13i 45,050 45,050 11,097
Yemen Project Note 13j 251 251 -
Iftar Projects Note 13k 27,383 27,383
Admin and Other Income - 216,814 3,825 220,639 200,762
458,465 216,814 3,825 - 679,104 779,283
11 PROJECT EXPENSES SUMMARY: Charitable Fund Governance 2016 2015
Activities Raising Voluntary & Support Total Total
Expenses Expenses Expenses Expenses Expenses Expenses
£ £ £ £ £ £
Syria Project Note 13a 277,004 38,891 315,895 279,844
Gaza Project Note 13c 93,621 93,621 179,474
Gambia Project Note 13d 15,830 15,830 10,391
Bangladesh Project Note 13e 31,715 31,715 39,657
Qurbani Project Note 13f 18,431 18,431 10,270
Zakat ul Fitr Project Note 13g 15,017 15,017 21,291
UK Service Development Note 13h 4,468 4,468 12,000
Burma Project Note 13i 46,878 500 47,378 9,303
Emergency Project - - 2,454
Yemen Project Note 13j - - -
Iftar Projects Note 13k 17,817 17,817
Admin and Other Expenses 173,613 8,502 964 44,874 227,953 230,105
694,394 47,893 964 44,874 788,125 794,789
12 RESTRICTED FUND MOVEMENT : Opening Incoming Resources Unrestricted Closing
Balance Resources Expended Fund Used Balance
£ £ £ £ £
Syria Project Note 13a 117,972 196,847 315,895 1,076 -
Gaza Project Note 13c 55,088 48,030 93,621 9,497
Gambia Project Note 13d 14,809 58,990 15,830 57,969
Bangladesh Project Note 13e 10,000 37,712 31,715 15,997
Qurbani Project Note 13f 9,000 9,431 18,431 -
Zakat ul Fitr Project Note 13g 5,729 11,464 15,017 2,176
UK Service Development Note 13h 5,063 4,468 595
Burma Project Note 13i 13,463 42,797 47,377 8,883
Yemen Project Note 13j 0 251 - 251
Iftar Projects Note 13k 3,152 27,383 17,817 12,718
229,213 437,968 560,171 1,076 108,086
13a SYRIA PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Emergency Syria 42,590 23,803 22,613 75,621 10,418 -
Emergency Syria Ambulance Note 13b 21,054 9,798 9,308 29,031 (1,331) -
Emergency Syria Celox 8,247 3,020 2,869 (11,116) -
Emergency Syria Food - 1,396 1,326 (1,326) -
Emergency Syria Orphans 36,081 133,551 126,873 171,074 8,120 -
Emergency Syria Winter 10,000 15,071 14,317 8,491 (15,826) -
Emergency Syria Container - 20,568 19,541 31,678 12,137 -
117,972 207,207 196,847 315,895 1,076 -
HUMAN AID UK ( A COMPANY LIMITED BY GUARANTEE)
for the year ended 31 March 2016
Notes to the financial statements
Report and Financial Statement 2016, HUMAN AID UK 20
13b SYRIA AMBULANCE:
13c GAZA PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Emergency Gaza 29,625 11,937 11,340 33,020 (6,830) 1,115
Emergency Gaza: Al Shifa - 30,221 28,710 35,540 6,830 -
Emergency Gaza: Celox - 1,706 1,621 1,621
Emergency Gaza: Switch - 1,041 989 989
Emergency Gaza: Water 25,463 5,653 5,370 25,061 5,772
55,088 50,558 48,030 93,621 - 9,497
13d GAMBIA PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Emergency Gambia 10,000 7,415 7,044 11,463 5,581
Emergency Gambia Orphans 4,809 54,680 51,946 4,367 52,388
14,809 62,095 58,990 15,830 - 57,969
13e BANGLADESH PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Emergency Bangladesh 10,000 39,697 37,712 31,715 15,997
10,000 39,697 37,712 31,715 - 15,997
13f QURBANI PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Qurbani - Bangladesh 184 2,163 2,163 2,347 -
Qurbani - Burma 2,347 2,347 2,347 -
Qurbani - Gambia 1,396 1,158 1,158 2,554 -
Qurbani - Gaza 2,987 280 280 3,267 -
Qurbani - Syria 3,684 3,043 3,043 6,727 -
Qurbani - Yemen 749 440 440 1,189 -
9,000 9,431 9,431 18,431 - -
13g ZAKAT UL FITR PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Zakat ul Fitr 5,729 7,569 7,569 5,017 (6,105) 2,176.00
Zakat ul Fitr - Bangladesh 3,895 3,895 10,000 6,105 -
5,729 11,464 11,464 15,017 - 2,176
13h UK SERVICE DEVELOPMENT Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Air Ambulance 554 526 526
Great ormond St Hospital 817 776 1,000 224 -
Royal Oldham 449 427 (358) 69
Food Appeal 3,509 3,334 3,468 134 -
- 5,329 5,063 4,468 - 595
13i BURMA PROJECTS SUMMARY Opening Total Restricted Resources Fund Closing
Balance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Emergency Burma 13,463 37,360 35,492 45,250 (1,025) 2,680
Emergency Burma - Education 132 125 1,150 1,025 -
Emergency Burma - Medicine 920 874 874
Emergency Burma - Tube well 6,535 6,208 977 5,231
Emergency Burma - Washroom 103 98 98
13,463 45,050 42,797 47,377 - 8,883
( A COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements
HUMAN AID UK
Report and Financial Statement 2016, HUMAN AID UK 21
for the year ended 31 March 2016
The expenditure in the Emergency Syria Ambulance project includes medical equipment and accessories. Ambulances were given to a number of
hospitals in Syria to be used for emergency services. Although ownership remains with Human Aid UK, trustees do not expect return these ambulances in
the UK and therefore shown as expended.
13j YEMEN PROJECTS SUMMARY Opening Total Restricted Resources Fund ClosingBalance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £
Emergency Yemen 251 251 251 - 251 251 - - 251
13k IFTAR PROJECTS SUMMARY Opening Total Restricted Resources Fund ClosingBalance Incoming Fund Expended Transfer Balance
£ £ £ £ £ £Iftar - Bangladesh 2,166 2,166 2,166 Iftar - Burma 4,859 4,859 1,534 3,325 Iftar - Gambia 2,027 2,027 2,027 Iftar - Gaza 4,692 4,692 3,534 1,158 Iftar - Syria 3,152 11,784 11,784 11,164 3,772 Iftar - Yemen 1,855 1,855 1,585 270
3,152 27,383 27,383 17,817 - 12,718
14 TANGIBLE FIXED ASSETS: Furniture
& Equipment's Total
£ £
Cost B/Fwd 13,583 13,583
Addition 2,107 2,107
15,690 15,690
Depreciation:
Charges B/Fwd 8,615 8,615
Charge for the year 2,372 2,372
10,987 10,987
Net Book Value
As at 31 March 2016 4,703 4,703
As at 31 March 2015 4,968 4,968
15 DEBTORS & PREPAYMENTS: 2016 2015
£ £
Prepayments 9,133 52,487
Other Debtors 23,955 58,955
33,088 111,442
16 INVESTMENTS: 2016 2015£ £
Cost as at 01.04.2015 10,000 10,000 Additions - - Sales and Disposals - - Closing Market Value as at 31.03.2016 10,000 10,000
Profit form investment during the year 3,825 4,135
17 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR 2016 2015
£ £
Accruals 4,215 5,280
PAYE liabilities 1,913 4,344
Other Creditors 97,515 15,588 103,643 25,212
18 AUDITORS' REMUNERATION
2016 2015
£ £
Auditor's Remuneration for the audit of the charity's annual accounts 2,100 2,100
Fees Payable to the charity's auditor for non-audit services 2,100 2,100
HUMAN AID UK ( A COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements
for the year ended 31 March 2016
Report and Financial Statement 2016, HUMAN AID UK 22
19 STAFF EMOLUMENTS: 2016 2015
£ £
Total wages and salaries 84,042 57,601
Employer's NIC 5,237 3,231 89,279 60,832
Direct Charitable 73,468 47,041
Others 15,811 13,791 89,279 60,832
Avg No of employees: Admin 1 1
Avg No of employees: Direct 3 2
4 3
Employees paid in excess of £60,000 during the current year and previous year None None
The trustees neither received nor waived any remuneration during the year (2015: £Nil)
The trustees did not have any expenses reimbursed during the year (2015 - £nil).
20 MOVEMENT IN FUNDS: Unrestricted Designated Total Restricted
Fund Fund Unrestricted Fund Total
£ £ £ £ £
As at 1 April 2015 139,131 4,968 144,099 229,213 373,312
Current year 13,183 13,183 (122,203) (109,020)
Current year transfer (811) (265) (1,076) 1,076 -
As at 31 March 2016 151,503 4,703 156,206 108,086 264,292
21 TAXATION
The entity is a registered charity and does not undertake non-charitable activities and are entitle for tax exemption by the Inland Revenue.
22 POST BALANCE SHEET EVENTS
There were no significant post balance sheet events.
23 TRANSACRTION WITH TRUSTEES
There were no transactions with the trustees during the year.
24 CONTINGENT LIABILITIES
The company/charity had no contingent liabilities as at 31 March 2016 nor at 31 March 2015.
25 RELATED PARTIES TRANSACTION
There were no disclose able related party transactions during the year.
26 GIFTS IN KIND AND VOLUNTEERS
During the year the company/charity benefited from unpaid work performed by volunteers.
27 FINANCIAL COMMITMENT
2016 2015
Expiry date: £ £
Within one year 15,833 17,500
Between one and five years - 15,833
In over five years - -
Report and Financial Statement 2016, HUMAN AID UK 23
HUMAN AID UK ( A COMPANY LIMITED BY GUARANTEE)
As at 31 March 2016 designated fund of £4,703 was required to match the net cost of fixed assets. This leaves £151,503 (2015 was £139,131) free
reserve excluded restricted fund for future operation of the charity, which is just over 7 month operational cost. The charity's reserve policy target is 6 to 9
months.
Land and buildings
Notes to the financial statements
for the year ended 31 March 2016
At 31 March 2016 the company/charity had annual commitments under non-cancellable operating lease as follows: