INSTITUTE FOR HUMAN RIGHTS & BUSINESS LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £28,974 for the year ended 31 December 2024, resulting in total funds decreasing from £1,131,439 to £1,102,465. Per the trustees' report, free reserves of £111,536 were below the stated policy target of three to four months of core operating expenditure, a position attributed to covering programme funding gaps and documentation delays. The trustees remain confident in the funding pipeline and intend to rebuild reserves during 2025.
What the accounts disclose
“The target range is three months of core operating expenditure (minimum), with an aspiration to build towards four months as conditions allow.”
“As at 31 December 2024 the subsidiary owed the charity £56,255 (2023 - £33,724). An impairment loss has been provided on the loan of nil (2023 - £4,802). The loan by the charity has no fixed repayment term and is interest free. Staff costs of £2,029 (2023: £2,940) were recharged by parent charitable company to its subsidiary during the year.” — page 38
“The balance due to the subsidiary at the balance sheet date was £1 (2023 - £4,368). This loan has no fixed repayment term and is interest free. Expenses of £19,670 (2023 - £104,743) were recharged by the subsidiary to the charity during the year.” — page 38
“As at 31 December 2024 the subsidiary owed the charity £56,255 (2023 - £33,724). An impairment loss has been provided on the loan of nil (2023 - £4,802). The loan by the charity has no fixed repayment term and is interest free. Staff costs of £2,029 (2023: £2,940) were recharged by parent charitable company to its subsidiary during the year.” — page 38
“The balance due to the subsidiary at the balance sheet date was £1 (2023 - £4,368). This loan has no fixed repayment term and is interest free. Expenses of £19,670 (2023 - £104,743) were recharged by the subsidiary to the charity during the year.” — page 38
“The charity has two wholly-owned trading subsidiary, IHRB Trading Limited, which carries out non-primary-purpose trading in support of the charity and Myanmar Centre for Responsible Business Ltd (MCRB, which has ceased activity.” — page 10
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Daniel D'Ambrosio
- Daud Khan
- Deanna Louise Kemp
- Dr Nicola Mary Black
- Pia Elisabet Victoria Rudolfsson Goyer
- Ramanie Kunanayagam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.0m | £3.0m |
| 31/12/2023 | £2.2m | £2.8m |
| 31/12/2022 | £2.5m | £2.9m |
| 31/12/2021 | £3.2m | £3.8m |
| 31/12/2020 | £4.1m | £2.8m |
Common questions
Is INSTITUTE FOR HUMAN RIGHTS & BUSINESS LIMITED financially healthy?
The accounts state that the charity reported a net deficit of £28,974 for the year ended 31 December 2024, resulting in total funds decreasing from £1,131,439 to £1,102,465. Per the trustees' report, free reserves of £111,536 were below the stated policy target of three to four months of core operating expenditure, a position attributed to covering programme funding gaps and documentation delays. The trustees remain confident in the funding pipeline and intend to rebuild reserves during 2025. Its FY2024 accounts were audited by Kingston Burrowes Audit Ltd.