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REGISTERED COMPANY NUMBER: 07797095 (England and Wales)

REGISTERED CHARITY NUMBER: 1144812















Strategic Report, Report of the Trustees and

Financial Statements

for the Year Ended 31st January 2024


for



Orphans in Need



Orphans in Need








Contents of the Financial Statements

for the year ended 31st January 2024






Page




Strategic Report  

1




Report of the Trustees  

2


to


5



Report of the Independent Auditors  

6


to


9



Statement of Financial Activities  

10




Balance Sheet  

11




Cash Flow Statement  

12




Notes to the Cash Flow Statement  

13




Notes to the Financial Statements  

14


to


25



Orphans in Need



Strategic Report

for the year ended 31st January 2024


The trustees present their strategic report for the year ended 31st January 2024.


REVIEW OF BUSINESS

The charity continued its charitable activities during the year.


Total income increased from £15.7m in the previous year to £22.5m.


However net income decreased from £3.4m to £1.3m and net assets increased from £11.2m to £12.5m.


The trustees are therefore pleased with the performance and will seek to continue this good work.


PRINCIPAL RISKS AND UNCERTAINTIES

Credit Risk

The charity does not rely on credit loans and maintains sufficient cash reserves to mitigate associated risks.


Liquidity Risk

With a cash reserve of £13 million, the charity remains in a stable financial position.


Foreign Exchange Risk

The charity maintains strong relationships with financial service providers to manage foreign exchange risks effectively.


Interest Rates and Cash Flow Risk

The charity maintains a favorable cash balance and considers these risks to be minimal.



Orphans in Need employs a rigorous Assurance Framework, which includes internal audits and the use of external experts to ensure robust governance, risk management, and internal controls. The Senior Leadership Team (SLT) and the Board of Trustees closely monitor organisational risks, ensuring proactive management to protect the interests of beneficiaries and supporters.


Approved by order of the board of trustees on 28th October 2024 and signed on its behalf by:






A Musa - Trustee



Orphans in Need (Registered number: 07797095)



Report of the Trustees

for the year ended 31st January 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st January 2024. 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).


OBJECTIVES AND ACTIVITIES

Objectives, aims and public benefit

Orphans in Need remains steadfast in its mission, which is solely dedicated to public benefit.

The charity's core objectives are:

-To alleviate poverty and illness globally, particularly among those affected by natural disasters, wars, and conflicts, both within their home countries and internationally. This is achieved through the provision of financial assistance or other forms of aid, including but not limited to medicines, shelter, furniture, educational supplies, food, clothing, sanitation, and clean drinking water. Additionally, the charity supports the construction of schools, hospitals, and medical centers.

-To advance education for orphaned children and other individuals in need across the world by providing financial support and necessary materials such as books, furniture, clothing, and electronic devices. The charity also facilitates the construction of educational institutions including schools, colleges, training centers, orphanages, and universities.

The trustees have meticulously ensured that all activities are aligned with the Charity Commission's guidelines on public benefit.

Grantmaking

Orphans in Need continually seeks out and collaborates with organisations that can effectively further its mission. Grants are awarded to these organisations when they are found to be aligned with Orphans in Need's policies and overarching goals.



Orphans in Need (Registered number: 07797095)



Report of the Trustees

for the year ended 31st January 2024


Achievement and performance

2023 Highlights
-The charity has sustained its one-to-one orphan sponsorship programme, distributed food parcels to widows, and broadened its support for orphaned children through the Global Orphan Care campaign.
-The establishment of Orphans in Need USA in December 2021 was a significant milestone, now playing a crucial role in securing funds for the charity's mission.
-Progress has been made in the school project, with land acquired in Haryana, Bihar, and Nepal. Architectural plans for the inaugural school in Haryana, near New Delhi, are now underway.

Orphan Sponsorship
Our orphan sponsorship programme supports over 13,000 children across 14 countries, providing them with a monthly stipend that contributes to their education, nutrition, clothing, and other essentials. Our local partners ensure that these children receive at least a basic level of education. We strive to keep children within their extended families wherever possible, allowing them to attend school instead of being forced into begging or manual labor. The success of this programme is a testament to the generosity of our donors.

Global Orphan Care
Through the Global Orphan Care programme, we have extended our support beyond the sponsorship programme, providing additional resources to orphaned children and widows. This includes extensive medical care, housing assistance for orphanages, and emergency aid, which was especially vital during the COVID-19 pandemic.

Orphan Village and Orphanages
Our Orphans' Village in Delhi continues to offer care to hundreds of orphaned children and widows. Our orphanages in Jammu and Kashmir, such as Bait ul Altaf and Bait ul Salaam, are rigorously monitored to ensure the well-being of the orphans under our care. These children receive food, clothing, medical support, counselings, and education.

Governance, Administration and Monitoring
We maintain strict controls over expenditure to ensure that donor funds are utilised efficiently and effectively for the benefit of orphans and widows. Regular monitoring visits and comprehensive documentation ensure that we meet our charitable objectives. The charity is committed to transparency and accountability, having signed up to the Code of Fundraising Practice in the UK, and collaborates with the Fundraising Regulator to ensure ethical and transparent fundraising practices.

Pakistan Branch Update
In 2023, the trustees have included a review of the operations of our Pakistan branch. The branch has been instrumental in delivering key initiatives, including orphan sponsorship programs, educational support, and emergency aid distribution in Pakistan. The branch’s activities align with Orphans in Need’s global objectives, and it has played a critical role in extending our support to some of the most vulnerable communities in the region.

It is important to note that the financial figures from the Pakistan branch are fully integrated into the charity’s overall accounts. This ensures transparency and accuracy in reflecting the branch’s contributions to our global efforts. The trustees are committed to ongoing monitoring and support for the Pakistan branch to ensure that it continues to meet the high standards of service delivery and financial governance established across all Orphans in Need operations.

FINANCIAL REVIEW

Reserves policy

The trustees regularly assess the charity's risks and actively monitor its reserves. Given that the charity's work progresses only when funds are available and that there are no significant ongoing commitments, the trustees have established a minimal reserve of £100,000 for contingencies. As of the year-end, the charity holds more than this amount due to funds raised for projects that are yet to be initiated.

Going concern

There are no  material uncertainties relating to events or conditions that cast significant doubt on the Charity's ability to continue as a going concern.


Income and Expenditure

The charity's income for the year 2023/24 was £22.5 million, with unrestricted funds totalling £13.6 million by year-end. The trustees are confident that all funds have been applied effectively and judiciously.




Orphans in Need (Registered number: 07797095)



Report of the Trustees

for the year ended 31st January 2024


FUTURE PLANS

Looking ahead, Orphans in Need acknowledges the continuing challenge posed by rising global prices for food, fuel, and other essential items. This situation not only increases the needs of our beneficiaries but also complicates fundraising efforts, particularly as our UK-based donors face their own rising cost of living. Despite these challenges, we will persist in developing our orphan sponsorship programme and enhancing our educational initiatives by constructing schools in key locations. Our first school, near the Orphans' Village in Haryana, New Delhi, will be followed by expansions in Bihar and Nepal. These schools are envisioned to provide high-quality education to children who otherwise lack access to such opportunities. Our ultimate goal is to empower these children with the knowledge and skills they need to pursue higher education and achieve their career aspirations.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Orphans in Need is incorporated as a company limited by guarantee and is registered as a charity number 1144812.


The trustees, who are also the directors of the company, are responsible for the overall management and control of the company working with other persons on an entirely voluntary basis.


Recruitment and appointment of new trustees

Trustees are appointed in accordance with Orphans In Need constitution. Once appointed, Trustees are given introduction of the charity and information about its objects; Trustees are also given the copy of the constitution and the aims and objective. Role descriptions are issued to each Trustee and full induction is given setting out the obligations of a trustee. All trustees are issued with a copy of the Charity Commission's guide "The Essential Trustee".

The trustees meet every 6 weeks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07797095 (England and Wales)


Registered Charity number

1144812


Registered office

Windsor House

10 Manchester Road

Bradford

West Yorkshire

BD5 0QH


Trustees

A Musa Director

I Vania Teacher

A Mohammad Director

Mrs L M Bansal Director


Auditors

Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX




Orphans in Need (Registered number: 07797095)



Report of the Trustees

for the year ended 31st January 2024



REFERENCE AND ADMINISTRATIVE DETAILS

Bankers

National Westminster Bank plc

Corporate Services Team

PO Box 111

1 Victoria Place

Leeds

LS11 4AN


STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Orphans in Need for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial 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 those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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 auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors,  Sadofskys, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Approved by order of the board of trustees on 28th October 2024 and signed on its behalf by:






A Musa - Trustee


Report of the Independent Auditors to the Members of

Orphans in Need


Opinion

We have audited the financial statements of Orphans in Need (the 'charitable company') for the year ended 31st January 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31st January 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.


Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.


Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Strategic Report and the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Strategic Report and the Report of the Trustees has been prepared in accordance with applicable legal requirements.


Report of the Independent Auditors to the Members of

Orphans in Need



Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Report of the Trustees.


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.


Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.


Report of the Independent Auditors to the Members of

Orphans in Need



Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-  the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

-  we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the charitable sector;

-  we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, UK tax legislation, and data protection, anti-bribery, employment, environmental, health and safety legislation along with industry specific regulations and requirements.

-  we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

-  identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.


We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

-  making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

-  considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.


To address the risk of fraud and irregularities relating to revenue recognition we:

- performed checks on the bespoke CRM system which records and monitors donations;

- traced records to bank receipts and Gift Aid claims, there is no cash income.


To address the risk of fraud through management bias and override of controls, we:

-  performed analytical procedures to identify any unusual or unexpected relationships;

-  tested journal entries to identify unusual transactions;

-  assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and

-  investigated the rationale behind significant or unusual transactions.


In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

-  agreeing financial statement disclosures to underlying supporting documentation;

-  reading the minutes of meetings of those charged with governance;

-  enquiring of management as to actual and potential litigation and claims; and

-  reviewing correspondence with HMRC, relevant regulators, and the company's legal advisors.


There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.


Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.


Report of the Independent Auditors to the Members of

Orphans in Need



Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.





Paul Drant ACA (Senior Statutory Auditor)

for and on behalf of Sadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX


28th October 2024



Orphans in Need



Statement of Financial Activities

(Incorporating an Income and Expenditure Account)

for the year ended 31st January 2024



2024


2023


Unrestricted


Restricted


Total


Total


fund


fund


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

3

8,045,715


14,214,654


22,260,369


15,719,379



Charitable activities

5

General

-


-


-


1,408



Investment income

4

229,811


-


229,811


51,383


Total

8,275,526


14,214,654


22,490,180


15,772,170



EXPENDITURE ON

Raising funds

6

1,950,367


-


1,950,367


1,573,438



Charitable activities

7

General

5,027,843


14,214,654


19,242,497


10,814,718



Other

10

36,570


-


36,570


(31,487

)

Total

7,014,780


14,214,654


21,229,434


12,356,669



NET INCOME

1,260,746


-


1,260,746


3,415,501




RECONCILIATION OF FUNDS

Total funds brought forward

12,276,186


-


12,276,186


8,860,685



TOTAL FUNDS CARRIED FORWARD

13,536,932


-


13,536,932


12,276,186




Orphans in Need (Registered number: 07797095)



Balance Sheet

31st January 2024



2024


2023


Unrestricted


Restricted


Total


Total


fund


fund


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Intangible assets

15

19,107


-


19,107


30,734


Tangible assets

16

927,314


-


927,314


852,837


Investment property

17

125,000


-


125,000


125,000


1,071,421


-


1,071,421


1,008,571



CURRENT ASSETS


Debtors

18

275,365


-


275,365


343,696


Cash at bank

12,984,053


-


12,984,053


11,828,900


13,259,418


-


13,259,418


12,172,596



CREDITORS


Amounts falling due within one year

19

(793,907

)

-


(793,907

)

(904,981

)


NET CURRENT ASSETS

12,465,511


-


12,465,511


11,267,615



TOTAL ASSETS LESS CURRENT

LIABILITIES

13,536,932


-


13,536,932


12,276,186



NET ASSETS

13,536,932


-


13,536,932


12,276,186


FUNDS

21

Unrestricted funds

13,536,932


12,276,186


TOTAL FUNDS

13,536,932


12,276,186




The financial statements were approved by the Board of Trustees and authorised for issue on 28th October 2024 and were signed on its behalf by:






A Musa - Trustee



Orphans in Need



Cash Flow Statement

for the year ended 31st January 2024



2024


2023


Notes

£   

£   



Cash flows from operating activities

Cash generated from operations

1

1,026,170


3,515,635



Net cash provided by operating activities

1,026,170


3,515,635




Cash flows from investing activities

Purchase of intangible fixed assets

(908

)

(11,589

)


Purchase of tangible fixed assets

(93,620

)

(18,739

)


Interest received

223,511


45,083



Net cash provided by investing activities

128,983


14,755




Change in cash and cash equivalents in

the reporting period

1,155,153


3,530,390



Cash and cash equivalents at the

beginning of the reporting period

11,828,900


8,298,510



Cash and cash equivalents at the end of

the reporting period

12,984,053


11,828,900





Orphans in Need



Notes to the Cash Flow Statement

for the year ended 31st January 2024


1.

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


2024


2023

£   

£   



Net income for the reporting period (as per the Statement of Financial

Activities)

1,260,746


3,415,501




Adjustments for:


Depreciation charges

31,678


32,317




Interest received

(223,511

)

(45,083

)



Decrease/(increase) in debtors

68,331


(167,518

)



(Decrease)/increase in creditors

(111,074

)

280,418




Net cash provided by operations

1,026,170


3,515,635





2.

ANALYSIS OF CHANGES IN NET FUNDS



At 1/2/23

Cash flow

At 31/1/24

£   

£   

£   



Net cash



Cash at bank

11,828,900


1,155,153


12,984,053



11,828,900


1,155,153


12,984,053




Total

11,828,900


1,155,153


12,984,053





Orphans in Need



Notes to the Financial Statements

for the year ended 31st January 2024


1.

PAKISTAN BRANCH



The audited figures include activity from the Pakistan branch, Orphans in Need Pakistan. Orphans in Need Pakistan is not a separate legal entity, the branch is legally and structurally part of Orphans in Need UK.



The law of Pakistan declares that all INGOs operating in Pakistan to register themselves with the Ministry of Interior by signing a Memorandum of Understanding (MoU). The organisation has signed the MoU with the Government of Pakistan on 6th September 2022, which was valid until 5th September 2024. An application for the MoU to be extended is currently in place with the Ministry of Interior. We are confident that the renewal will be accepted shortly after the filing of the 31st January 2024 accounts.



All registered INGOs of Pakistan are hereby directed to have their annual financial audits undertaken by one of the approved audit firms available on the official website of the State Bank of Pakistan. This year the activities in Pakistan have been locally audited by Riaz Ahmad & Co, Chartered Accountants, a category A approved audit firm in Pakistan.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.



Orphans in Need is a company, limited by guarantee, registered in England and Wales. The company's registered numbers and registered office can be found on the Report of the Trustees on page 3.



The presentation currency of the financial statements is the Pound Sterling (£).



Critical accounting judgements and key sources of estimation uncertainty

In the application of the Charity's accounting policies, Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which they relate.

Key judgements concerned the inclusion of a provision for payments via the Pakistan branch of £672k post year end which had been delayed due to registration issues only.

Key estimates are the carrying value of freehold properties under the revaluation model.


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.There are three main types of income



Donations - for these to be recognised the charity will have been notified of the amounts and the settlement date in writing. if there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable they will be fulfilled.



Gift Aid - this is recognised as claimed and receivable from HMRC.




Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


2.

ACCOUNTING POLICIES - continued



Income


Donated Facilities and Professional Services - these are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.



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.



Website costs

Website costs are amortised over 5 years.

TV Commercials are amortised over 5 years.

Accounting softwares are amortised over 3.33 years.


Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Fixtures and fittings

-

15% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

33% on cost


Freehold Property is held under the revaluation model.


Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.


Taxation

The charity is exempt from corporation 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.


Pension costs and other post-retirement benefits


The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.



Government grants

Government grants are recognised using the accruals model. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.


Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


2.

ACCOUNTING POLICIES - continued



Government grants


Grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the assets to which they relate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs, is credited to income in the period in which it becomes receivable.

3.

DONATIONS AND LEGACIES




2024


2024


2024


2023





Restricted


Unrestricted


Total


Total




£   


£   


£   


£   




Donations


5,362,060


6,881,434


12,243,494


11,398,229




Gift Aid


-


1,122,995


1,122,995


1,265,083




Donated Services and Facilities


8,852,594


-


8,852,594


3,056,067





14,214,654


8,004,429


22,219,083


15,719,379





Restricted income is based on the donors specified cause. A breakdown is provided below.




2024


2023




£   


£   




Water


765


1,040




Orphans


3,419,996


4,939,188




Places of Worship


-


120




Food


1,941,299


2,615,141




Emergency


-


950




Medical Supplies


8,852,594


3,056,067





14,214,654


10,612,531





Cause details:



Water - Project to provide access to clean water.


Orphans - Sponsorship of orphans helps house orphans throughout the world in order to help ensure that they receive an education, food, healthcare and medical support that children need.


Places of Worship - Providing the community with a place to congregate for Worship and community activities.


Food - Providing monthly food parcels to widows and orphans.


Emergency - Providing emergency aid to conflict areas.


Medical Supplies - Medical supplies donated and supplied by a partner.




Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


4.

INVESTMENT INCOME


2024


2023

£   

£   



Rents received

6,300


6,300




Deposit account interest

223,511


45,083



229,811


51,383




5.

INCOME FROM CHARITABLE ACTIVITIES


2024


2023


Total


Total


activities


activities

£   

£   



Grants

-


1,408




6.

RAISING FUNDS



Raising donations and legacies


2024


2023

£   

£   



Staff costs

325,497


320,599




Postage and stationery

13,161


15,451




Digital exposure

723,554


366,504




Marketing

352,097


355,397




Fund raising expenses

434,501


365,329




Telephone

8,429


10,964




Motor and travel

44,389


71,819




Accomodation

7,984


25,517




Bank charges

40,755


41,858



1,950,367


1,573,438




7.

CHARITABLE ACTIVITIES COSTS


Grant



funding of



activities

Support



Direct

(see note

costs (see



Costs

8)

note 9)

Totals

£   

£   

£   

£   



General

1,196,229


17,993,910


52,358


19,242,497






Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


8.

GRANTS PAYABLE


2024


2023

£   

£   



General

17,993,910


9,790,520





The total donations paid to institutions during the year was as follows:




2024


2023





£


£




Orphans in Need - India


5,697,527


1,343,054




Orphans in Need - Jammu & Kashmir


820,363


1,571,778




Alsabil Welfare House


796,664


1,141,791




Orphans in Need - Pakistan


-


300,400




Novo Jibon


291,067


268,673




OIN Nepal


223,908


647,489




OIN USA


-


532,434




African Development Trust


337,891


194,662




Donated Pharmaceuticals


8,852,594


3,056,067




Other grants of less than £150,000 in the period


973,896


734,171





17,993,910


9,790,519





A full list of individual grants and projects is available from our principal office.


9.

SUPPORT COSTS


Governance



Management


costs


Totals

£   

£   

£   



General

9,309


43,049


52,358




10.

OTHER


2024


2023

£   

£   



Foreign exchange

36,570


2,078




Loans written off

-


(33,565

)


36,570


(31,487

)




The loan written off relates to the recovery of the Cafe Blu loan.




Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


11.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2024


2023

£   

£   



Auditors' remuneration

10,411


6,200




Depreciation - owned assets

19,143


20,075




Accounting Software amortisation

100


-




TV Commercial amortisation

2,318


2,125




Website Costs amortisation

10,117


10,117




12.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31st January 2024 nor for the year ended 31st January 2023.



Trustees' expenses


There were no trustees' expenses paid for the year ended 31st January 2024 nor for the year ended 31st January 2023.


13.

STAFF COSTS




2024


2023




£   


£   




Wages and salaries


712,402


628,993




Social security costs


63,210


51,206




Pension


11,869


9,667





787,481


689,866





The average monthly number of employees during the year was as follows:




2024


2023





38


28




14.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


fund


fund


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

5,106,848


10,612,531


15,719,379




Charitable activities


General

1,408


-


1,408




Investment income

51,383


-


51,383



Total

5,159,639


10,612,531


15,772,170




EXPENDITURE ON



Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


14.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


Restricted


Total


fund


fund


funds

£   

£   

£   



Raising funds

1,573,438


-


1,573,438




Charitable activities


General

202,187


10,612,531


10,814,718




Other

(31,487

)

-


(31,487

)


Total

1,744,138


10,612,531


12,356,669




NET INCOME

3,415,501


-


3,415,501





RECONCILIATION OF FUNDS


Total funds brought forward

8,860,685


-


8,860,685




TOTAL FUNDS CARRIED FORWARD

12,276,186


-


12,276,186



15.

INTANGIBLE FIXED ASSETS


Accounting


TV


Website



Software


Commercial


Costs


Totals

£   

£   

£   

£   



COST


At 1st February 2023

-


11,589


50,584


62,173




Additions

908


-


-


908




At 31st January 2024

908


11,589


50,584


63,081




AMORTISATION


At 1st February 2023

-


2,125


29,314


31,439




Charge for year

100


2,318


10,117


12,535




At 31st January 2024

100


4,443


39,431


43,974




NET BOOK VALUE


At 31st January 2024

808


7,146


11,153


19,107




At 31st January 2023

-


9,464


21,270


30,734






Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


16.

TANGIBLE FIXED ASSETS


Improvements



Freehold


to


Plant and


property


property


machinery

£   

£   

£   



COST


At 1st February 2023

800,000


-


-




Additions

-


71,654


86




At 31st January 2024

800,000


71,654


86




DEPRECIATION


At 1st February 2023

-


-


-




Charge for year

-


-


1




At 31st January 2024

-


-


1




NET BOOK VALUE


At 31st January 2024

800,000


71,654


85




At 31st January 2023

800,000


-


-





Fixtures



and


Motor


Computer



fittings


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1st February 2023

103,649


9,778


223,349


1,136,776




Additions

10,968


10,142


770


93,620




At 31st January 2024

114,617


19,920


224,119


1,230,396




DEPRECIATION


At 1st February 2023

75,053


8,220


200,666


283,939




Charge for year

5,394


696


13,052


19,143




At 31st January 2024

80,447


8,916


213,718


303,082




NET BOOK VALUE


At 31st January 2024

34,170


11,004


10,401


927,314




At 31st January 2023

28,596


1,558


22,683


852,837




The Freehold Property was professionally valued by Hayfield Robinson in October 2021. Original cost was £644,091.



Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


17.

INVESTMENT PROPERTY

£   



FAIR VALUE


At 1st February 2023


and 31st January 2024

125,000




NET BOOK VALUE


At 31st January 2024

125,000




At 31st January 2023

125,000




The investment property was professionally valued by Hayfield Robinson in October 2021.

18.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Other debtors

100,525


82,974




Prepayments

174,840


260,722



275,365


343,696




19.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Trade creditors

69,731


109,667




Social security and other taxes

14,175


12,752




Other creditors

12,946


8,677




Accrued expenses

697,055


773,885



793,907


904,981




20.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:


2024

2023


£   

£   



Within one year

15,000


28,513




Between one and five years

-


27,580



15,000


56,093






Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


21.

MOVEMENT IN FUNDS


Net




movement


At



At 1/2/23


in funds


31/1/24


£   

£   

£   



Unrestricted funds


General fund

12,276,186


1,260,746


13,536,932





TOTAL FUNDS

12,276,186


1,260,746


13,536,932





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

8,275,526


(7,014,780

)

1,260,746





Restricted funds


Restricted Fund



14,214,654


(14,214,654

)

-





TOTAL FUNDS

22,490,180


(21,229,434

)

1,260,746






Comparatives for movement in funds



Net




movement


At



At 1/2/22


in funds


31/1/23


£   

£   

£   



Unrestricted funds


General fund

8,860,685


3,415,501


12,276,186





TOTAL FUNDS

8,860,685


3,415,501


12,276,186





Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


21.

MOVEMENT IN FUNDS - continued



Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

5,159,639


(1,744,138

)

3,415,501





Restricted funds


Restricted Fund



10,612,531


(10,612,531

)

-





TOTAL FUNDS

15,772,170


(12,356,669

)

3,415,501





A current year 12 months and prior year 12 months combined position is as follows:



Net




movement


At



At 1/2/22


in funds


31/1/24


£   

£   

£   



Unrestricted funds


General fund

8,860,685


4,676,247


13,536,932





TOTAL FUNDS

8,860,685


4,676,247


13,536,932





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

13,435,165


(8,758,918

)

4,676,247





Restricted funds


Restricted Fund



24,827,185


(24,827,185

)

-





TOTAL FUNDS

38,262,350


(33,586,103

)

4,676,247





Restricted funds relate to donations made by individuals to one of the charities specific projects/areas as per note 2.




Orphans in Need



Notes to the Financial Statements - continued

for the year ended 31st January 2024


22.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31st January 2024.