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2025-11-30-accounts

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9 20 25 TRUSTEESʼ REPORT & F I N A N C I A L S T A T E M E N T S FOR THE YEAR ENDED 30[TH] NOVEMBER 2025

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

CONTENTS Page(s)
Report of the Trustees’ 1 – 10
Independent auditor’s report to the trustees of Amanat Charity Trust 11 – 13
Statement of financial activities 14
Balance sheet 15
Cash flow statement 16
Notes to the financial statements 17 – 28

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Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

1. Introduction

The trustees present their report together with the consolidated financial statements of the charity and its subsidiaries for the year ended 30 November 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity’s Trust Deed.

Amanat Charity Trust is a charity registered with the Charity Commission under registration number 1000851, and its working name is Ummah Welfare Trust. Amanat Charity Trust is also registered with the Scottish Charity Regulator with the registration number SC043084.

2. Mission Statement

To sustainably support the lives and livelihoods of some of the world’s most vulnerable communities through education, infrastructure and relief.

Vision

"to preserve life, faith, and dignity with compassion and self-sacrifice”

The charity remains committed to its distinctive 100% donations policy, under which no donation income is used to meet administrative costs.

3. Activities

The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s public benefit guidance when exercising their powers and duties. All of the charity’s activities are carried out in furtherance of its charitable purposes for the public benefit.

The activities currently carried out for the public benefit by the charity can be broadly categorised into the following groups of programmes:

The trustees ensure that all charitable programmes remain aligned with the charity’s objects and aims. In developing strategic and operational plans, the trustees seek to maximise public benefit while advancing the charity’s objectives within the purposes recognised by the Charities Act 2011. In setting those objectives and plans, the trustees have carefully considered the Charity Commission’s general guidance on public benefit.

The charity’s aim is to relieve poverty and suffering in the areas in which it operates. This report explains how its work during the year furthered its charitable purposes and delivered meaningful benefit to communities and individuals in the UK and overseas who were in urgent need of support.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

4. How we work

The charity continues to comply with relevant statutory and regulatory requirements, including the Data Protection Act 2018 and the Charities Acts 2011 and 2022. It is registered with the Fundraising Regulator and follows the Code of Fundraising Practice. Trustees regularly monitor the performance of the fundraising teams.

Protecting vulnerable people remains a priority. The charity follows the Fundraising Regulator’s Code of Fundraising Practice and ensures that staff and volunteers are trained to treat and protect vulnerable people appropriately at all times. The charity delivers its charitable aims in two principal ways:

Working through partner organisations is particularly valuable where the charity does not have an established infrastructure for managing teams and operations directly, or where this approach offers better value than using our own teams. In such cases, the charity applies robust monitoring arrangements, and aid is delivered only where appropriate oversight is in place, including attendance by a representative of the charity during delivery where required.

Using both partner organisations and locally based teams enables the charity to apply local knowledge effectively in its relief and development work. During the year, £30.3 million of the charity’s £68.2 million of charitable aid programme expenditure was delivered in partnership with a combination of international and local organisations.

Longer-term aid requires the charity to address the underlying social and economic conditions in the places where it works. Economic inequality, gender bias, natural disasters and conflict continue to drive hardship across many regions. The charity therefore seeks not only to provide immediate relief, but also to support communities through access to shelter, safe drinking water, sanitation, healthcare, education and livelihood opportunities that help people live with dignity.

We decide on where we will work by taking into account the following factors:

The charity seeks to deliver charitable programmes in ways that do not harm local economies or communities. Where appropriate, it sources labour, materials and supplies locally so that the benefits of its work are shared more widely through local employment, local businesses and community resilience.

During the year, the charity worked directly with around 5.2 million poor and disadvantaged beneficiaries in 28 countries. In addition, its investment in sustainable solutions is expected to have benefited many more people indirectly. The trustees regard annual plans as indicators rather than fixed targets, recognising that resources must be directed to the charitable programmes where they can have the greatest effect.

As a large charity with so many charitable programmes inevitably this report is a summary and for examples of the effect we have had on rescuing individuals and families from poverty and suffering view our web site www.uwt.org

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

5. Voluntary help and gifts in kind

The trustees are grateful to the hundreds of volunteers who support the charity’s fundraising, charity shops and recycling work. The public has also continued to donate gifts in kind, particularly clothing for resale through the charity’s shops and clothing banks. Volunteers additionally assist with events by giving their time and supplies. Together, these contributions make an important contribution to the charity’s commitment to its 100% donations policy.

6. What we did: Activities, Achievements, Performance

The charity continued to receive strong support from the general public during the year, as reflected in the level of donations received. As part of the trustees’ longer-term strategy, the charity intends over time to reduce reserve levels by increasing charitable expenditure at a faster rate than income, while maintaining sufficient resources to meet the following year’s administration costs and support ongoing charitable development programmes that depend on one-to-one donations.

Although donations remained strong, income was lower than in the previous year. This reflected an active decision by the trustees to suspend collections for certain geographical areas at times when aid delivery there was especially difficult. As the charity’s ability to deliver aid improved, those self-imposed restrictions were lifted. The trustees remain committed to spending donations at the earliest appropriate opportunity. Where donations cannot be spent immediately because of restricted access or safety concerns, the charity seeks to invest funds in line with its investment policy so that any returns can support additional beneficiaries. In doing so, the trustees ensure that funds remain accessible for operational needs and that appropriate due diligence and ethical considerations are applied to all investment decisions.

During the year, the charity continued to develop projects that would enable it to reduce reserve levels over time without compromising accountability or the quality of beneficiary feedback. It maintained a strong focus on humanitarian relief and development work in disaster- and conflict-affected regions. Total resources expended were £69.2 million, compared with £59.1 million in the previous year.

The charity continued to prioritise rehabilitation and education projects as part of its wider efforts to help affected communities rebuild their lives.

These priorities were delivered through the charity’s humanitarian and development aid programmes.

Under these themes the charity has longer term and relief projects in the following areas:

The charity continued to build on existing partnerships and strengthen working relationships with local organisations across different parts of the world to support aid delivery. It also expanded its network of partner organisations in order to extend its reach into areas that are difficult to access but where humanitarian need is especially acute.

The trustees also acknowledge the commitment of those trustees, volunteers and staff members who were personally involved in distributing aid in different parts of the world. Their time and effort helped ensure that aid reached the communities for which it was intended.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

7. Financial review

The charity’s financial position continues to reflect a high level of support and trust from donors and communities. The trustees consider that the charity’s commitment to transparency, prudent financial management and its 100% donations policy have all contributed to this continued confidence. During the year, the charity again maintained a strong financial base to support its work over the coming years.

During the year the charity raised £62,430,807 (2024: £68,599,617) in direct donations from the general public to carry out the charitable programmes mentioned above. During the year £68,239,005 (2024: £58,205,372) was used on aid programmes.

The charity continues to work closely with several partner organisations in providing aid to the needy and, of the above expenditure, £30,315,677 (2024: £26,147,717) was spent with these partner organisations (note 7 provides further analysis).

As shown on page 14, £64,457,611 (2024: £54,665,012) from the restricted funds was expensed for specific projects and £4,696,392 (2024: £4,447,565) from the unrestricted funds was also designated for specific projects via funds transfers.

A small proportion of income was raised without restriction through the charity’s trading activities and was applied towards administration. Gift Aid recoveries, recycling income and income from the charity shops continued to provide funds that support the charity’s charitable objectives.

The charity supported more than 5.2 million beneficiaries during the financial year to 2025 (4.5 million in 2024) The trustees remain focused on developing projects that not only reach large numbers of people but also deliver long-term, sustainable benefit.

While significant resources continued to be directed towards relief efforts in many countries, the charity also maintained a strong focus on sponsorship programmes. Its orphan and widows’ sponsorship programme remained a major area of support during the year, with 29,119 (2024: 24,298) receiving care. There were also several orphans who received one off grant to help improve their quality of life. The charity will continue to develop support for orphans and widows that addresses both social wellbeing and educational need.

The charity also delivered successful clean water programmes during the year, improving quality of life for many beneficiaries by constructing more long-term sustainable wells which inevitable cost more to construct and support more beneficiaries. Consequently, the charity constructed 2,273 wells, and hand pumps (2024: 3,989) at a cost of £1.9m (2024: £1.5m). In addition, the charity also carried clean water distribution to 34,000 families (2024: ~~13,~~ 369).

The charity continued to support income-generation projects designed to promote self-sufficiency and reduce dependency. During this year the charity prioritised longer-term and high value support by providing for example more rickshaws and shops and spent nearly £1.2m in 2025 (2024: £0.7m). The charity remains committed to expanding this work and is evaluating new geographical areas in which such projects could benefit more people.

The charity will continue to expand its education programmes, recognising that limited access to education significantly reduces opportunity and that education is one of the most effective ways to address poverty. During the year, more than 734,137 people benefited from the charity’s educationrelated programmes (2024: 618,919). The charity also increased support for poor teachers in additional countries as part of its broader effort to address the underlying causes of poverty in an effective, ethical and efficient way.

Administration costs represented a small proportion of the charity’s overall income. In 2025, the charity spent £4,402,424 (2024: £4,175,167) on administration. This reflected the additional cost due to increases in cost of living and resources needed to support a growing operational base, including more employees, expenditure on public relations and advertising, and infrastructure costs such as office equipment, rent, telephony and other support functions. The trustees regard these costs as necessary to sustain and develop the charity’s services. Administration expenditure represented 6.2% of revenues in 2025 (2024: 5.3%). The trustees remain committed to keeping these costs as low as possible, consistent with the charity’s ethos and its 100% donations policy.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

8. Investment policy

The overall objectives are to create sufficient income and capital growth to enable the charity to carry out its purposes consistently year by year with due and proper consideration for future needs and the maintenance of, and if possible, enhancement of the value of the invested funds while they are retained.

Both capital and income may be used at any time for the furtherance of the charity’s aims and therefore the portfolio should be managed on a total return basis.

9. Reserves Policy

The charity intends, as far as practicable, to apply funds within one year of receipt. Reserves are held primarily to support long-term projects and to enable the charity to respond to emergencies and disasters.

At 30 November 2025, a substantial proportion of reserves remained earmarked for ongoing long-term projects. These include programmes such as support for orphans and widows, which require funding to be held over a longer period.

In 2025, the charity spent more than £6 ~~8.2~~ million on charitable activities. This level of expenditure was delivered alongside strengthened valid ~~atio~~ n and verification procedures designed to provide value for money to donors and detailed feedback from beneficiaries.

The trustees aim to retain free reserves at a level that provides continuity for beneficiaries in the event of unforeseen programme expenditure, particularly in volatile operating environments. Reserves also provide working capital for the charity’s regular programmes and for the following year’s administration costs. The trustees invest free reserves only where they consider this to be in the best interests of beneficiaries and where funds can remain available for transfer to areas of greatest need when required.

Accordingly, the trustees’ strategy is to increase charitable expenditure year on year, which is expected to produce deficits in future periods and reduce reserves towards the target level set by the trustees.

10. Grant making policy

The trustees consider grant making an effective means of delivering aid using local partners. Local partners have access to facilities, expertise, staff or other resources, in the field and they may be better placed to deliver aid speedily and effectively.

Applications for grants are not invited. Instead, trustees actively develop the programmes for the year, identify whether it is most effective to deploy our own staff and resources or whether to seek a local partner for some or all the planned programmes for each geographical locality. Where a local partner is preferable, those organisations active in the target area are reviewed for their track record in the field, financial transparency and operational capability. Those potential partners that meet the criteria are contacted and a dialogue initiated to see if they would act as partners for the charity. Conditional grants are then awarded where applicable local partnerships are established. Our grant making policy is reviewed each year to align our grants with our priorities and programmes activities for the year.

11. Plans for the Future

Over the coming years, the charity intends to continue pursuing its stated objectives while increasing its focus on key development programmes. It expects to prioritise infrastructure, education and relief projects in areas of greatest need. Given the scale of poverty and hardship in the areas in which it operates, the trustees plan to expand aid and development activity over time, with the longer-term aim of reducing reserves towards a lower minimum level.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

12. Risk Management

All significant activities are subject to risk review as part of initial assessment and implementation. Major risks are identified and ranked according to their potential impact and likelihood.

Major risks, for this purpose, are those that may have a significant effect on:

The trustees review these risks on an ongoing basis and satisfy themselves that appropriate systems and procedures are in place to manage those identified. Where suitable, risks are also mitigated through insurance.

The following framework is central to ensuring adequate risk assurance:

In line with good governance, the charity maintains controls to ensure that work carried out directly or through partners is conducted properly and, in a manner, consistent with its values and with the needs of beneficiaries. Trustees, staff and partners are screened using LSEG (formerly World-Check), a tool widely used by banks and regulatory bodies, together with Disclosure and Barring Service checks where appropriate, to reduce the risk of working with proscribed individuals or entities.

Safeguarding remains a high priority. Trustees review the policy and procedures annually, supported by training for all programme-related staff and trustees. The charity also works with partners to promote compliance with its safeguarding commitments.

The charity maintains adherence to UK regulatory requirements as its primary legal jurisdiction. The organisation ensures full compliance with all Charity Commission requirements, including regular reporting and filing obligations that demonstrate transparency and accountability. Transparency measures have been implemented for international operations, recognising the additional scrutiny and responsibility that comes with cross-border charitable work.

The charity continued during the year to increase the scope of internal audit and to address the heightened risks faced by staff and partners operating in areas of unrest. It therefore continued to review its training programme for staff travelling overseas and to monitor programmes in conflict zones to assess whether local staff would be more appropriate in certain cases. The trustees recognise that some of the charity’s objectives can only be achieved through the careful acceptance and management of risk. The charity has continued to invest in its Compliance Department, which applies robust due diligence procedures and uses tools such as LSEG, Nexis and OFAC to assess the suitability of personnel and partners. The department is led by a senior manager responsible for overseeing enhanced due diligence.

The charity’s Compliance Department is responsible for legal and regulatory compliance; the development and implementation of policies, procedures and manuals; staff training; due diligence on donors, partners, suppliers and beneficiaries; risk management and mitigation across the organisation; and liaison with external stakeholders including the Charity Commission, HM Treasury, banks, the Information Commissioner’s Office and HMRC. The department also monitors fundraising practices, oversees media and public relations, and seeks to support programme quality.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

Cross-border fund transfers are conducted in full compliance with international banking regulations and anti-money laundering requirements. Furthermore, the charity maintains all necessary local operational authorisations to ensure legitimate and transparent operations.

The charity operates a programme of financial and non-financial internal audit across the organisation. Donations are monitored to support anti-money laundering compliance and to help ensure that fundraising meets the standards required by the Charity Commission and the Fundraising Regulator. The charity’s anti-money laundering policy includes measures designed to detect, prevent and report suspicious financial activity, supported by regular staff training. It also prioritises data protection and privacy through robust data management practices, confidentiality arrangements and appropriate safeguards for personal and sensitive information.

As more of the charity’s operations take place online, trustees continue to treat cybersecurity and data protection as significant priorities. During the year there was no breach of the Data Protection Policy, and no matters of concern were raised by the UK Information Commissioner. The charity has continued to invest in IT infrastructure and security in order to strengthen its defences against cyber threats and related risks. This investment is supported by staff training and regular review of IT and security risks.

Trustees also recognise the risk of fraud and corruption, particularly in challenging and emergency settings. The charity therefore maintains a robust approach to fraud prevention and response, and the relevant policy has been reviewed and strengthened by the trustees. During the year, the charity also increased expenditure on field visits so that checks could be carried out more thoroughly and appropriate measures put in place to mitigate these risks.

13. Objects, Structure, Governance and Management, Our legal objects

13.1 Trustees and organisational structure

Amanat Charity Trust is an international, non-governmental and non-political organisation constituted under a charity deed dated 19 October 1990 (as amended on 10 April 2012) and operating under the name Ummah Welfare Trust. It is registered with the Charity Commission. The Trust Deed sets out the charity’s objects as follows:

“To relieve poverty and deprivation throughout the world and to relieve suffering by way of emergency intervention and/or establishing development programmes”.

Our Charity Commission registration number is 1000851 and the registration number SC043084 with the Scottish Charity Regulator.

The Trust Deed requires a minimum of three trustees. Trustees serve until they resign or die. All existing trustees have substantial experience of charity trusteeship and, apart from reimbursement of some business expenses, receive no remuneration for their role. Details of trustee expenses and related party transactions are disclosed in note 11 of the accounts.

The charity operates a distinctive 100% donations policy under which no donation income is deducted for charitable administration. The trustees remain fully committed to maintaining this policy.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

13.2 Trustees

Our trustees are responsible for setting the strategy and are responsible in law for the running of Amanat Charity Trust. All the trustees, except where otherwise stated, served for the whole year:

Where new trustees are appointed, they are given a formal induction to the work of the charity and provided with the information they need to fulfil their roles, which includes information about the role of trustees and charity law.

New trustees are nominated by members of the board of trustees, interviewed by a panel of trustees and appointed where they have the necessary skills to contribute to the charity’s management and development.

Each trustee takes responsibility for monitoring the charity’s activities in specific operational areas.

13.3 Executive Team

The trustees are supported by a team of executives representing a range of skills and experience in strategic, regulatory compliance, financial, programmes and day-to-day operational matters to ensure the smooth running of the charity.

13.4 Advisers

To help us in our work we retain a number of professional advisers:

Auditor: Sumer Auditco Limited, Stone House, Stone Road Business Park, Stoke-on-Trent, ST4 6SR.

Banker: Al Rayan Bank, 24a Calthorpe Road, Edgbaston, Birmingham, B16 6AQ Solicitor: Forbes Solicitors, Rutherford House, 4 Wellington Street (St Johns) Blackburn, Lancashire, BB1 8DD

13.5 Principal office

578-600 ST Helens Road Bolton BL3 3SJ

The charity has its headquarters in Bolton and has offices in London, Birmingham, Bradford, Glasgow and Leicester. It has overseas offices in Sierra Leone and the Gambia which it uses to direct operations in those countries. The charity has a number of partner organisations with whom it co-operates to deliver its programmes.

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AMANAT CHARITY TRUST

Report of the Trustees’ For the year ended 30 November 2025

In addition, the charity raises funds through a network of charity shops. The shops sell second hand goods donated by the public, and these shops also provide an outlet for publicity material for the charity and collect donations for the general work of the charity. The charity also has shops operating through a wholly owned trading subsidiary, Ummah Shops Limited which sells brand new goods.

14. Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure to auditors

So far as the Trustees are aware, there is no relevant audit information of which the company's auditors are unaware. Additionally, the Trustees have taken all the necessary steps that they ought to have taken as Trustees in order to make themselves aware of all relevant audit information and to establish that the company's auditors are aware of that information.

Approval

7/8/2026 | 11:19 AM BST

The trustees' annual report was approved by the Trustees on …………………………………and signed on their behalf.

………………………………… Mohammed Ahmed Seedat

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Independent auditor’s report to the trustees of Amanat Charity Trust

Opinion on financial statements

We have audited the financial statements of Amanat Charity Trust for the year ended 30 November 2025 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 including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity 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 trustee's 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 charity'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 trustee 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 auditor's report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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Independent auditor’s report to the trustees of Amanat Charity Trust

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report.

We have nothing to report in respect of the following matters where the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of the Trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees 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 they 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 Charity'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 Charity or to cease operations, or have no realistic alternative but to do so.

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 an auditor's report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussions with the trustees (as required by auditing standards) and discussed with the trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the charity is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or the loss of the charity's license to operate. We identified the following areas as those most likely to have such an effect: Charities Act, health and safety and employment laws.

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Independent auditor’s report to the trustees of Amanat Charity Trust

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any. Through these procedures we did not become aware of any actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

We design procedures in line with our responsibilities, outlined below to detect material misstatement due to fraud:

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 auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s 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 charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Tidyman (Senior Statutory Auditor) For and on behalf of Sumer Auditco Limited Stone House Stone Road Business Park Stoke-on-Trent Staffordshire ST4 6SR

7/8/2026 | 11:55 AM BST Date: …………………………………....

Sumer Auditco Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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Consolidated Statement of Financial Activities Including Income and Expenditure Account For the year ended 30 November 2025

Notes
Income and endowments from:
Donations and legacies
2
Other trading activities
3
Investment and other income
4
Total income
Raising funds
5
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
19
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
19
Net income/(expenditure) before
investment gains/(losses)
Expenditure on:		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
47,837,338
21,230,779
69,068,117
76,253,826
1,174,620
-
1,174,620
945,524
1,632,826
-
1,632,826
1,233,796
50,644,784
21,230,779
71,875,563
78,433,146
(914,998)
-
(914,998)
(907,205)
(3,781,394)
(64,457,611)
(68,239,005)
(58,205,372)
(4,696,392)
(64,457,611)
(69,154,003)
(59,112,577)
45,948,392
(43,226,832)
2,721,560
19,320,569
(147,776)
-
(147,776)
331,223
45,800,616
(43,226,832)
2,573,784
19,651,792
(32,055,181)
32,055,181
-
-
13,745,435
(11,171,651)
2,573,784
19,651,792
19,406,644
31,789,762
51,196,406
31,544,614
33,152,079
20,618,111
53,770,190
51,196,406

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing operations.

14

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Consolidated Balance sheet For the year ended 30 November 2025

Notes
Fixed assets
Intangible assets
12
Tangible assets
13/14
Investments
15
Total fixed assets
Current assets
Stocks
Debtors
17
Short-term cash deposits
Cash at bank and in hand
Total current assets
Liabilities
Creditors:amounts falling due
within one year
18
Net current assets
Total assets less total liabilities
Funds of the Charity
Unrestricted funds
- General reserve
- Designated reserve
Total unrestricted funds
19
Restricted funds
19
TOTAL FUNDS		 2025
2024
£
£
281,259
138,672
953,157
974,267
5,088,713
5,236,489
6,323,129
6,349,428
149,768
154,729
11,573,095
9,232,344
15,000,000
15,000,000
21,059,351
20,737,678
47,782,214
45,124,751
(335,153)
(277,773)
47,447,061
44,846,978
53,770,190
51,196,406
15,823,470
16,131,705
17,328,609
3,274,939
33,152,079
19,406,644
20,618,111
31,789,762
53,770,190
51,196,406
Group		 2025
2024
£
£
281,259
138,672
949,795
970,311
6,038,813
6,186,589
7,269,867
7,295,572
-
-
11,780,249
9,436,841
15,000,000
15,000,000
20,036,184
19,722,154
46,816,433
44,158,995
(308,210)
(259,926)
46,508,223
43,899,069
53,778,090
51,194,641
15,771,892
16,070,462
17,388,087
3,334,417
33,159,979
19,404,879
20,618,111
31,789,762
53,778,090
51,194,641
Charity		 2025
2024
£
£
281,259
138,672
949,795
970,311
6,038,813
6,186,589
7,269,867
7,295,572
-
-
11,780,249
9,436,841
15,000,000
15,000,000
20,036,184
19,722,154
46,816,433
44,158,995
(308,210)
(259,926)
46,508,223
43,899,069
53,778,090
51,194,641
15,771,892
16,070,462
17,388,087
3,334,417
33,159,979
19,404,879
20,618,111
31,789,762
53,778,090
51,194,641
Charity
7,295,572
-
9,436,841
15,000,000
19,722,154
44,158,995
(259,926)
43,899,069
51,194,641
16,070,462
3,334,417
19,404,879
31,789,762
51,194,641

7/8/2026 | 11:19 AM BST

Approved by the trustees on …………………………………………..... and signed on their behalf by:

Mohammed Ahmed Seedat Trustee

Idris Atcha Trustee

15

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Consolidated Cash flow statement

For the year ended 30 November 2025

Net income and resources
Unrestricted
Restricted
Reconciliation to cash generated from operations
Depreciation of Fixed Assets
Amortisation of Intangible Assets
(Profit) / Loss on sale of tangible fixed assets
(Profit)/loss on disposal of Investment Property
Change in fair value of investment properties
Decrease/(increase) in Debtors
Decrease/(increase) in Stocks
(Decrease)/increase in Creditors
Net cash flows from operating activities
Capital expenditure and financial investment
Purchase of tangible fixed assets
Purchase of intangible fixed assets
Purchase of Investment
Proceeds from sale of tangible fixed assets
Proceeds from sale of investment properties
Change in cash and cash equivalents in the year
Analysis of cash and cash equivalents
Cash at bank and in hand
Short-term cash deposits
Cash and cash equivalents at the start of the year
Cash flows
Cash and cash equivalents at the end of the year
Reconciliation of net outflow to net cash flow from operating
activities		 2025
£
13,745,435
(11,171,651)
2,573,784
66,136
3,120
1,725
-
147,776
(2,340,751)
4,961
57,380
514,131
(46,751)
(145,707)
-
-
-
(192,458)
321,673
21,059,351
15,000,000
36,059,351
35,737,678
321,673
36,059,351		 2024
£
(2,587,953)
22,239,745
19,651,792
70,902
3,120
4,201
(33,941)
(331,223)
(6,637,575)
(5,191)
42,204
12,764,289
(26,743)
(132,500)
(1,000,000)
26,161
983,941
(149,141)
12,615,148
20,737,678
15,000,000
35,737,678
23,122,530
12,615,148
35,737,678

16

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

1. Accounting polices

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a. Basis of preparation

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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the charity's accounting policies (see accounting policies 1t ).

b. Going concern

The Trustees are not aware of any material uncertainties about the charity’s ability to continue as a going concern. The financial statements have therefore been prepared on the basis that the charity is a going concern.

We have adequate resources and are well placed to manage the business risks. Our planning process, including financial projections, has taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure. We have a reasonable expectation that we have adequate resources to continue in operational existence for the foreseeable future. We believe that there are no material uncertainties that call into doubt the charity’s ability to continue.

c. Consolidation and group financial statements

Amanat Charity Trust is a charitable Trust. Its main activities are delivering emergency aid to parts of the world affected by natural or unnatural disasters and setting up various development projects that help empower people in need.

The financial statements consolidate those of Amanat charity Trust and its subsidiaries made up to 30 November 2025 on a line-by-line basis, in accordance with current legislation. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the Trust has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Intragroup sales and profits are eliminated fully on consolidation.

The Charity has not presented its own net movement in funds and related notes. The Charity’s surplus for the year was £2,583,449 (2024: £19,635,781)

17

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

1. Accounting polices (Continued)

d. Fund accounting

Amanat Charity Trust has various types of funds for which it is responsible, and which require separate disclosure.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectivities 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.

e. Income and endowments

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy and there is certainty of receipt.

Donations and legacies: This comprises all incoming resources from donations and gifts collected directly or by volunteers and income from fundraising events during the year. Gift Aid tax recoverable under the Gift Aid Scheme is recognised where there is an entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Where a claim for repayment of income tax has been or will be made, such income is included in the debtors’ amount if still not received by the year end.

Activities for generating funds: This comprises income generated from the trading activities of its subsidiaries and income derived from the charity shops and recycling clothes are recognised as earned (that is, as the goods or services are provided).

Investment income: This comprises income generated by cash on deposits held by the charity. Profit on funds held on deposit is included in the SOFA when receivable and the amount can be measured reliably; this is normally upon notification of the profit paid or payable by the bank.

The value of services provided by volunteers is difficult to put a monetary value on and therefore has not been included in accordance with the Charities SORP (FRS102).

f. Gifts in kind

Gifts in Kind for which the Charity accepts full responsibility for distribution, are included in income at their approximate market value when it is distributed and under expenditure on charitable activities at the same value and time.

g. Expenditure

Liabilities are recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Costs of raising funds: This comprises costs incurred in attracting voluntary income, costs of fundraising events and campaigns including marketing and their associated support costs and fundraising trading. The fundraising trading cost comprises the group’s trading activities, namely the costs associated with the trading activities of its subsidiaries.

18

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

Notes to the consolidated financial statements For the year ended 30 November 2025

AMANAT CHARITY TRUST

1. Accounting polices (Continued)

g. Expenditure (Continued)

Charitable activities: Costs associated with the provision of emergency relief, development and longer term rehabilitation programmes as elaborated on in the Trustees’ Report section, ‘Activities, achievements and performance.’ These include both direct charitable expenditure, grants payable and support costs relating to these activities. Grants payable to other organisations for relief projects are included in the SOFA when approved by the trustees and agreed with the other organisation.

Support costs: Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs for a single activity are allocated to the particular activity where the cost relates directly to that activity. However, Support costs that represent the support functions of management, finance, human resources, IT and support departments attributable to the management of the Charity's assets, are allocated in proportion to the type of charitable activity during the period. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8.

Governance costs: are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic manaqement of the charity's activities. Governance support costs are allocated on the basis of support activities provided on clearly interpreted governance matters.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h. Operating Leases

Rentals payable under operating leases are charged against income on a straight line basis over the term of the lease

i. Foreign Currency

Transactions in foreign currency are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate prevailing at the year-end. All exchange differences are recognised through the statement of financial activities.

j. Tangible fixed assets and depreciation

Individual items of fixed assets are capitalised where the purchase price exceeds £500. Tangible fixed assets are stated at historic purchase cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is calculated to write off the cost of tangible fixed assets, less their residual values, over their expected useful lives. The expected useful lives of the assets to the charity are reassessed periodically in the light of experience. The depreciation rates in use are as follows:

Freehold & Leasehold Property 2% Straight line Leasehold Property Improvements over the shorter of the useful economic life or lease term Plant and machinery 15% Reducing balance Motor Vehicles 25% Reducing balance Computer equipment 33% Straight line Recycling Banks 20% Straight line

k. Intangible assets

Intangible assets are capitalised at cost and amortised over their estimated useful economic life.

Internally developed software up to 5 years

19

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

1. Accounting polices (Continued)

l. Investment property

Investment property is property held for rental, capital growth or both, excluding those occupied by the Group or the Parent charity. Investment property comprises freehold land. No depreciation is provided in respect of investment properties.

Initial measurement is at cost inclusive of transaction cost. It is subsequently carried at fair value in the balance sheet or at the trustees' best estimate of market value. Fair value best represents a true and fair view of the value of these assets to the charity and can be determined by independent professional valuers based on current prices in an active market for similar properties in the same location and condition.

Any gain or loss arising from a change in fair value is recognised in the statement of financial activities based on the market value at the year end. Acquisitions are recognised on unconditional exchange of control. Investment properties are derecognised on disposal.

m. Investments

Fixed asset investments are stated at cost less provision for diminution in value

Realised gains and losses on investments are calculated as the difference between sale proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of financial activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.

n. Stocks

Stock is valued at the lower of cost and net realisable value.

o. Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid, net of any trade discounts due.

p. Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

q. Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

r. Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

s. Pension costs

The charity operates a group personal pension scheme, which effectively means that all employees who join the scheme have their own pension plan.

20

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

1. Accounting polices (Continued)

t. Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. The items where these judgments and estimates have been made include:

Donated goods

Donated goods for sale in the shops and recycling are measured at fair value when sold. Estimating the fair value of donated goods for resale is considered impractical because of the volume of low value items received, the absence of detailed stock control systems and market factors.

2. Donations and legacies

Donations and gifts from Individuals
Gift aid tax reclaimed
Donated goods and services		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
42,390,048
20,040,759
62,430,807
68,599,617
5,447,290
-
5,447,290
5,934,005
-
1,190,020
1,190,020
1,720,204
47,837,338
21,230,779
69,068,117
76,253,826

3. Income from other trading activities

Sale of purchased goods
Sale of donated goods - Charity shops
Income from Recycling Clothes
Rental Income
Investment and other income
Bank deposit profit & other
Other Income		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
316,303
-
316,303
352,525
252,681
-
252,681
259,371
587,332
-
587,332
316,849
18,304
-
18,304
16,779
1,174,620
-
1,174,620
945,524
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
1,630,552
-
1,630,552
1,230,354
2,274
-
2,274
3,442
1,632,826
-
1,632,826
1,233,796

4. Investment and other income

21

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

5. Expenditure on raising funds

Fundraising cost of donations
Support costs (note 8)
Fundraising trading: cost of goods sold		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
588,341
-
588,341
597,511
32,689
-
32,689
37,296
293,968
-
293,968
272,398
914,998
-
914,998
907,205

6. Expenditure on charitable activities

Education
Family Welfare
Food Security and Livelihood
Food/Non Food items (NFI)
Distribution
Health Care
Shelter
Water, Sanitation and Hygiene
(WASH)
Support costs (note 8)
Governance cost (note 9)		 Activities
Grants
Undertaken
Unrestricted
Payable
Directly
Funds
TOTAL
TOTAL
2025
2025
2025
2025
2024
£
£
£
£
£
5,013,437
4,585,333
-
9,598,770
8,816,936
7,981,469
3,920,222
-
11,901,691
11,582,693
90,057
1,215,583
-
1,305,640
838,249
15,381,784
21,478,535
-
36,860,319
28,682,036
527,312
577,604
-
1,104,916
1,038,139
414,824
1,446,927
-
1,861,751
1,521,833
906,794
917,730
-
1,824,524
2,185,126
-
-
3,593,820
3,593,820
3,429,579
-
-
187,574
187,574
110,781
30,315,677
34,141,934
3,781,394
68,239,005
58,205,372

During the year the charity made donations of £5,855,483 (2024: £4,079,879) to Ummah Welfare Trust (PAK), this is a registered charity in Pakistan where one of the UK trustees is also a trustee. The donations made were for various projects within the charities aims and objectives, but primarily related to the orphan sponsorship project and the development of an orphanage in Pakistan.

7. Grants payable analysed by region

Grants payable analysed by region
Africa
Asia
Near East and Europe
Rest of the World		 2025
2024
2025
2024
£
£
%
%
2,890,236
2,958,641
10%
11%
6,723,904
6,976,520
22%
27%
20,652,962
16,202,121
68%
62%
48,575
10,435
0%
0%
30,315,677
26,147,717
100%
100%

The Charity makes grants to a number of differing partner charities and individuals around the world after due consideration and careful assessment of the particular partner charity and /or individual. The partner charities are used as an extension of UWT to help further the objectives of the charity and carry out specific charitable programmes under the direction of UWT. All partner charities are subject to regular monitoring and reporting. Due to the inherent risks associated with working in some parts of the world, the names of the partner charities have not been disclosed.

22

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

8. Allocation of Support Cost Activities
Grants Undertaken Raising
Payable Directly Funds TOTAL TOTAL
2025 2025 2025 2025 2024
£ £ £ £ £
Advertising, marketing & publications 63,055 71,013 1,219 135,287 152,485
Wages and salaries 1,012,266 1,140,029 19,577 2,171,872 1,966,534
Direct costs 391,978 441,449 7,581 841,008 927,176
Premises costs 134,935 151,966 2,610 289,511 271,353
Office costs 88,010 99,119 1,702 188,831 149,327
1,690,244 1,903,576 32,689 3,626,509 3,466,875
Support cost are allocated in proportion to the type of charitable expenditure.
9. Governance cost Activities
Grants Undertaken Raising
Payable Directly Funds TOTAL TOTAL
2025 2025 2025 2025 2024
£ £ £ £ £
Trustees expenses 890 1,003 17 1,910 7,168
Audit and accountancy fees 10,248 11,542 198 21,988 21,788
Legal & professional 76,286 85,915 1,475 163,676 81,825
87,424 98,460 1,690 187,574 110,781

10. Employees and staff costs

Employees and staff costs
Wages and salaries
Social security costs
Pension cost
The average monthly number of employees were:
Full time
Part time		 2025
2024
2025
2024
£
£
£
£
2,216,201
2,063,918
2,131,221
1,989,608
199,290
152,291
199,290
148,256
25,948
19,001
24,823
18,073
Group
Charity
2,441,439
2,235,210
2,355,334
2,155,937
2025
2024
2025
2024
Number
Number
Number
Number
55
51
55
51
61
65
54
58
Group
Charity

Group and Charity

There were no employees who received remuneration of more than £60,000 in the year.

11. Trustees' remuneration

The trustees neither received nor waived any emoluments during the year (2024 - £nil).

Amounts reimbursed to trustees for out of pocket expenses. 2025 2024
£ £
Travel 1,910 7,168

23

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

12. Intangible fixed assets

GROUP & CHARITY
Cost
At 1 December 2024
Additions
At 30 November 2025
Depreciation
At 1 December 2024
Charge
At 30 November 2025
Net book value
At 30 November 2025
At 30 November 2024
Tangible fixed assets
Group
Cost
At 1 December 2024
Additions
Disposals
At 30 November 2025
Depreciation
At 1 December 2024
Charge
Disposals
At 30 November 2025
Net book value
At 30 November 2025
At 30 November 2024		 Freehold,
Leasehold
Property &
Leasehold
Property Imps
£
1,111,806
-
(2,280)
1,109,526
272,456
22,679
(555)
294,580
814,946
839,350		 LWA APP
15,600
-
15,600
9,428
3,120
12,548
3,052
6,172
Plant,
machinery &
Recycling
Banks
£
246,595
18,120
-
264,715
206,920
12,912
-
219,832
44,883
39,675		 Software
Development
£
216,569
145,707
362,276
84,069
-
84,069
278,207
132,500
Computer
Equipment
£
127,152
2,646
-
129,798
117,477
5,614
-
123,091
6,707
9,675		 Goodwill
£
11,000
-
11,000
11,000
-
11,000
-
-
Motor
Vehicles
£
222,684
25,985
-
248,669
137,117

24,931
-
162,048
86,621
85,567		 Total
£
243,169
145,707
388,876
104,497
3,120
107,617
281,259
138,672
Total
£
1,708,237
46,751
(2,280)
1,752,708
733,970
66,136
(555)
799,551
953,157
974,267

13. Tangible fixed assets

24

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AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

14. Tangible fixed assets

Charity
Freehold,
Leasehold
Property &
Leasehold
Property Imps
£
Cost
At 1 December 2024
1,111,806
Additions
-
Disposals
(2,280)
At 30 November 2025
1,109,526
Depreciation
At 1 December 2024
272,456
Charge
22,679
Disposals
(555)
At 30 November 2025
294,580
Net book value
At 30 November 2025
814,946
At 30 November 2024
839,350
15.
INVESTMENTS
Note
UK unlisted equities
Investment in subsidiaries 15a
Investment property
16
Total investments
15a. SUBSIDIARY UNDERTAKINGS
Company
Registered
Office
The Ummah Shop
Limited
50 Whalley
Range,
Blackburn,
BB1 6EA
Amanat Waqf Limited
578-600 St.
Helens Road,
Bolton,
BL3 3SJ		 Plant,
machinery &
Recycling
Banks
Computer
Equipment
£
£
184,997
127,152

18,120
2,646
-
-
203,117
129,798
149,278
117,477

12,318
5,614
-
-
161,596
123,091
41,521
6,707

35,719
9,675
2025
2024
£
£
1,000,000
1,000,000
-
-
4,088,713
4,236,489
5,088,713
5,236,489
Country of
incorporation
Principal
Activity
UK
Retail
UK
Real Estate
Group		 Motor
Vehicles
Total
£
£
222,684

1,646,639
25,985
46,751
-
(2,280)
248,669
1,691,110
137,117
676,328
24,931
65,542
-
(555)
162,048
741,315
86,621
949,795
85,567
970,311
2025
2024
£
£
1,000,000
1,000,000
950,100
950,100
4,088,713
4,236,489
6,038,813
6,186,589
Class
%
Ordinary
100%
Ordinary
100%
Shares held
Charity		 Total
£
1,646,639
46,751
(2,280)
1,691,110
676,328
65,542
(555)
741,315
949,795
970,311

Both subsidiaries are included in the consolidated financial statements of Amanat Charity Trust

25

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

16.
INVESTMENT PROPERTY
At 1 December 2024
Additions
Transfer
Disposals
Exchange adjustments
At 30 November 2025
Net gains or losses from fair value
adjustments		 2025
2024
£
£
4,236,489
4,855,266
-
-
-
-
-
(950,000)
341,134
309,397
(488,910)
21,826
4,088,713
4,236,489
Group		 2025
2024
£
£
4,236,489
3,905,266
-
-
-
-
-
-
341,134
309,397
(488,910)
21,826
4,088,713
4,236,489
Charity

The fair value of investment properties was determined by external, independent professionally qualified valuers who hold a recognised relevant professional qualification and have recent experience in the locations and segments of the investment properties valued. During the year the investment property was revalued and the trustee's have reviewed the valuation at the year end and believe that the market value of the investment properties is not materially different to the carrying value.

**17. ** DEBTORS: Group Charity
2025 2024 2025 2024
£ £ £ £
Trade debtors 146,187 177,441 146,187 177,441
Gift aid recoverable 409,293 1,116,783 409,293 1,116,783
Prepayments and accrued income 596,011 391,778 584,504 378,664
Amounts due from subsidiaries - - 218,661 217,611
Concessionary loans 339,430 467,430 339,430 467,430
Other debtors 10,082,174 7,078,912 10,082,174 7,078,912
11,573,095 9,232,344 11,780,249 9,436,841

Included in Concessionary loans is an amount of £230,000 (2024: £282,430) which is due after more than one year.

18. CREDITORS: amounts falling due within one year

2025
2024
£
£
13,973
6,667
269,750
196,295
26,277
37,259
25,153
37,552
335,153
277,773
Group		 2025
2024
£
£
-
-
262,784
189,370
20,273
33,004
25,153
37,552
308,210
259,926
Charity

26

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

19. STATEMENT OF FUNDS

Unrestricted funds
General reserve
Designated reserves -Most
Needed
Total unrestricted funds
Restricted funds
Development
Education
Family Welfare
Food Security and
Livelihood
Food/NFI Distribution
Health Care
Shelter
WASH
Humanitarian
Family Welfare
Food Security and
Livelihood
Food/NFI Distribution
Health Care
Shelter
WASH
Total restricted funds
TOTAL FUNDS		 At 1 Dec 2024
Income
Transfers
Expenditure
At 30 Nov 2025
£
£
£
£
£
16,131,705
10,466,565
(5,930,632)
(4,844,168)
15,823,470
3,274,939
40,178,219
(26,124,549)
-
17,328,609
19,406,644
50,644,784
(32,055,181)
(4,844,168)
33,152,079
5,120,507
12,024,089
36,213,245
(49,757,435)
3,600,406
326,909
1,140,088
8,268,407
(9,598,770)
136,634
264,268
3,212,857
3,743,442
(7,031,586)
188,981
28,673
127,190
1,180,551
(1,305,640)
30,774
3,379,624
4,437,744
22,011,856
(27,474,790)
2,354,434
147,226
119,993
472,314
(720,819)
18,714
334,615
1,396,360
424,132
(1,801,306)
353,801
639,192
1,589,857
112,543
(1,824,524)
517,068
26,669,255
9,206,690
(4,158,064)
(14,700,176)
17,017,705
10,628
339,999
4,529,042
(4,870,105)
9,564
-
-
-
-
-
26,657,830
8,799,579
(9,065,211)
(9,385,529)
17,006,669
797
67,112
317,660
(384,097)
1,472
-
-
60,445
(60,445)
-
-
-
-
-
-
31,789,762
21,230,779
32,055,181
(64,457,611)
20,618,111
51,196,406
71,875,563
-
(69,301,779)
53,770,190

All restricted funds are for specific humanitarian projects in the particular areas of the world. The parent charity holds certain restricted funds raised through appeals for emergency relief provision.

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS GROUP

GROUP
Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
General Fund
Unrestricted
Designated
Fund
Restricted Fund
TOTAL FUND
2024
£
£
£
£
£
4,833,129
1,490,000
-
6,323,129
6,349,428
11,325,494
15,838,609
20,618,111
47,782,214
45,124,751
(335,153)
-
-
(335,153)
(277,773)
15,823,470
17,328,609
20,618,111
53,770,190
51,196,406

27

Docusign Envelope ID: 1D81E882-7587-83F0-808E-C47F9455D9F9

AMANAT CHARITY TRUST

Notes to the consolidated financial statements For the year ended 30 November 2025

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS CHARITY

Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
General Fund
Unrestricted
Designated
Fund
Restricted
Fund
TOTAL FUND
2024
£
£
£
£
£
5,779,867
1,490,000
-
7,269,867
7,295,572
10,300,235
15,898,087
20,618,111
46,816,433
44,158,995
(308,210)
-
-
(308,210)
(259,926)
15,771,892
17,388,087
20,618,111
53,778,090
51,194,641

22. FINANCIAL COMMITMENTS GROUP

The following obligations relating to operating lease commitments existed at the year end:

Expires in:
Less than 1yr
2-5 yrs.		 2025
2024
2025
2024
£
£
£
£
186,900
175,100
8,209
8,209
507,758
408,870
-
6,446
Other
Land and buildings
694,658
583,970
8,209
14,655

23. FINANCIAL COMMITMENTS

CHARITY

The following obligations relating to operating lease commitments existed at the year end:

Expires in:
Less than 1yr
2-5 yrs.		 2025
2024
2025
2024
£
£
£
£
186,900
175,100
8,209
8,209
507,758
408,870
-
6,446
Land and buildings
Other
694,658
583,970
8,209
14,655

24. AUDITORS REMUNERATION

Statutory audit fees totalled £22,800 (2024: £15,000) during the year.

25. RELATED PARTY TRANSACTIONS

One of the Trustees of Amanat Charity Trust was also a Trustee of Ummah Welfare Trust (PAK). The donations made to this related party is disclosed in note 6. The amount due from Ummah Welfare Trust (PAK) as at 30 November 2025 is £10,068,757 (2024: £7,065,812). The Trustees expenses are disclosed in note 11.

28

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20 25

Ummah Welfare Trust

Head Of ce

578 – 600 St Helens Road Bolton, BL3 3SJ United Kingdom

Tel: +44(0)1204 661 030 Email: info@uwt.org

Charity No. England & Wales: 1000851 Scotland: SC043084