Registered number: 03066579
Charity number: 1047432
The AMAR International Charitable Foundation
(A company limited by guarantee)
Trustees. report and financial statements
For the year ended 31 December 2023

The AMAR International Charitable Foundation
(A company Ilmlted by guarantee)
Contents
Page
Reference and admlnlslratlve detalls of the Charity. Its Trustees and advisers
Trust88s' report
Independent audltors, report on the flnanclal ststements
Statement of flnanclal actlvltles
13
Balance sheet
14
statement of cash flows
15
Notes to the flnanclal statements
16-30

The AMAR International Charltable Foundation
(A company Ilmlted by guarantee)
Reference and administratlve detalls of the Charlty. Its Trustees and advlsers
For the year ended 31 December 2023
Trustees
Baroness Nicholson of WSnterbourne, Chairman
Dr Theodore Zeldin
Damon John Parker, Secretary
Siddik Bakir
Mohammed Hayder Hassan (reslgned 16 May 2023)
Sharlene Wells Hawkes
Professor David Kerr
Stanley Blake Parrish
Bishop Alistair Redfern
Francesco Gluseppe Michele Boardman
Mohammed All Charchafchi (resigned 8 January 2024)
Company reglstered
number
03066579
Charlty registered
number
1047432
Registered office
1st Floor County House
100 New London Road
Chelmsford
Essex
SW1H 9EX
Prlnclpal operating
office
80 Pety France
London
Company secretary
Damon Parker
Independent auditors
Kreston Reeves LLP
Chartered Accountanls
Statutory Auditor
2nd Floor
168 Shoredltch Hlgh Street
London
E16RA
Bankers
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
National Westminsler Bank PLC
Brldge Street
Hatherlelgh
Okehampton
Devon
EX30 3HZ
Clydesdale Bank PLC
91 Gresham Street
London
Page 1

The AMAR International Charitable Foundation
(A company Ilmlted by guarantee)
Reference and administrative details of the Charlty, Its Trustees and advisers {continuedl
For the year ended 31 December 2023
Solicitors
Harcu5 Parker
Melbourne House
44-46 Aldwych
London
WC2B 4LL
Pag8 2

The AMAR International Charltable Foundatlon
(A company Ilmlted by guarantee)
Trustees. report
For the year ended 31 December 2023
Tho Trust8es present their annual report together with the audited financi81 statements of the Charity for Ihe 1
January 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the current statutory requlrements, the requir@ments of the charitabl8 companys
governing document and the provlslons of the Statement of Recommended Practice (SORP) applicable to
charit18s preparing their accounts In accordance wlth the Financial Reporting Standard appllcable In the UK and
Republic of Ireland (FRS102) (effeclive 1 January 2019).
Since the Charlty qualifies as small under section 382 of the Companies Act 2006, the Strateglc report required
of medlum and large companies under the Companies Act 2006 (Strateglc Report and Dlrectors, Report)
Regulatlons 2013 has been omitted.
Objectlves and actlvltles
a. Pollcles and objectlves
AMAR'S key objectlves remain the provision of public health and educalion. includlng tralnlng. to slgnlflcantly
underserved populatlons under continuing stress. AMAR'S purpose is to improve the qu8llty of Ilfe and provide
hope for those whom it serves and to enable a higher quality of publlc servlce by the local and national
authorltles. AMAR'S main focus of activities during the year remalned In the Federal Republic of Iraq with small
scale activity and support to Lebanon, Somaliland and Romanla. AMAR also promotes religious freedom for all.
In setting objectives and planning for activilies. Ihe Trustees have given due consideration to general guidance
published by the Charity Commission relaling to publlc benefit, including the guidance 'Public benefit.. running a
charity (PB2)'.
Achlevements and performance
2023 saw a return to normality after the interruptions of COVID. AMAR had broadly continued worklng through
the dlsruptlon, but nonetheless it was a welcome resumplion of normal activlty.
In Southern Iraq, provision of Social Welfare continued. Thls provldes vocatlonal tralning and primary healthcare
to villagers in the surrounds of oilfield infrastructure, to recelve some part of the benefits which flow to wider Iraq.
Our thanks to Basra Oil Company and Basra Energy Company Ltd (which runs the Rumailah Oilfield) for
sponsoring these projects. Of particular nole are Educating Women in Iraq, where the training centre received a
makeover, and the provision of Women Health Volunteers and Health Education in Schools as adjuncts to both
the Al Khora village cllnlc and the Mobile Health Clinic for areas further out towards the oil fields.
500 Ramadan boxes were sourced and delivered by the Basra Field Team, pald for by the non-profit surplus
from the coffee shop in the Rumailah oil field headquarters.
A polyclinic was op8rated in the second half of the year In AMAR'S hospital for mother & child health in the Shati
Al Arab district. As predicted wh8n it was built, the Shatt Al Arab suburb grows closer and closer each y@ar, with
more and more very modern development.
Trustees are pleased to report that. shortly after the end of the financial year, legacy questions over full control of
the Hospital and School lands were resolved favourably. Trustees are reviewing the best way to take fomard the
original charitable Intent of these grants.
The school continues to operate. both primary and secondary, with roll of 352. of which 15°/o are orphans on full
scholarship5.
AMAR was pleased to team with Basra Gas Company again, to refurblsh local schools In Az Zubayr to a very
high standard. The project is just completing at the end of the year. It also included eye tests (and provision of
spectacles where ne8ded) and first aid training.
Page 3

The AMAR International Charltable Foundation
(A company limited by guarantee)
Trustees, report (contlnued)
For the year ended 31 December 2023
Achlevements and performance (continued)
In northern Iraq, in the Kurdistan Region, work to support the Yazldls contlnued. AMAR was honoured at the
start of the year to receive a generous grant from Alwaleed Philanlhropies. Support for health clinics in IDP
camps was being withdrawn at the end of 2022 and the provision of two PHCCS provided a welcome boost in the
tented camps, now in their 9th year. AMAR was able to tie this with support from Baillie-Gifford with psychiatric
unils in the camps, now in its 4th and sadly final year. Our thanks to Baillie-Gifford for their generosity over this
period.
The YazldS muslc project continued, with sponsorship from the Stirling Foundation for the AMAR Ashty ('peace')
choir of Yazidi ladles, survivors of ISIS, and all of them internally displaced for 9 years. Thanks also to the
generous support in klnd from Sardar Group for provision in parallel of vocational skills training, and for s11rf￿ng
Education and Sorenson Foundation for carrying this on at the end of the year. The choir gave several concerts
over the year
the hlghllght was a performanc8 for Iraq Britain Business Council members in the Sardar
showroom In Erbll, attended by the Governor and s8V8ral ministers from KRG. The choir were suitably honoured
that politicians and business leaders were interested and appreciative of them. The choir then performed the
next day for HH The Prfnce of the Yazldls in the Sheikhan Council House. The music project is showing real
potential as a vehicle for restoring motivallon to learn a skill and find a job in otherwise demoralised displaced
populations.
Thanks to AP, Sardar Group, Stirling Foundation, Stirling Education, Sorenson Foundation and Baillie-Gifford for
their support for the Yazidis over the year.
The Windsor Dialogue was held in June In Commlttee Room G of the House of Lords, and th8 Inner Temple.
Th8 theme was a stocktake after 7 years, and what next. Rt Revd Dr Alastair Redfern was in the chair. We
were grateful that Mrs Fiona Bruce MP, the UK Prlme Mlnlster's Speclal Envoy for Freedom of Religion or Belief
attend8d the opening morning. (and the reception in the old Lord Chancellorfs Apartments that evening.) Our
thanks as ever for the partnership with Prof Brett G. Scharffs and the Internatlonal Center for Law and Religion
Studies at the Brigham Young University Law School. The Chlef of Staff. Andrew Methven, continues to
represent the Chairman and Bishop Redfem on the UK FORB Forum and the FORB Forum Iraq Working Group.
The charity moved into the basement in the same building (80 Petty France) when the lease expired on the
second floor. This was a lower cost option and helped cul overhead costs further.
At the end of the year, de-dollarizalion (a policy move by the Iraql Government lo stop the parallel dollar
economy and encourage use of the Iraq Dinar) and Iraq consequences of the events of Oct 7th both caused
additional oparational challenges.
AMAR'S work in Romania and Ukraine for Ukrainian children, particularly special needs, contlnued. The t8am
ran a very wet but vary happy summ8r camp for Ukraine children just over the border in Ukralne. There wer8
grlm tales of a winter spent shelt@ring in basements without any heating. At the end of the year, we saw th8
knlttlng and distribution of over 3,500 handknitted woolly hats and scarves to Ukrainlan chlldren, elther In Ukraine
or refugees in northern Romania- th8 brainchild of Mrs Louise Brown who gathered as knitter5 her Utah frlends.,
vast effort which has been hugely well received.
AMAR contSnues to support former Afghan female prosecutors and their families, refugees in Pakistan. We
organised their safe flight from Ihe Taliban to save their lives. We continue lo look for a safe final country for
them.
Towards the end of the reporting perlod. we saw the retirement {for the second time} of Mr Chris Frost as
Treasurer, and we welcomed Ms Kushala Sharma as the naw Head of Finance.
Final thanks go to AAA Holdlngs and several other major compani8s for their generous sponsorship and support
throughout the year,. to Christophe Mlchels and the IBBC for their ongoing support in many different ways. and to
our 501 (c)(3} affiliate In Amerlca, The US FrSends of AMAR. for their staunch support through the year and for
their wonderful partnershlp of true frlends.
Page 4

The AMAR Internatlonal Charltable Foundation
(A company Ilmited by guarant88)
Truste8s' report {contlnued)
For th8 year ended 31 December 2023
Flnanclal revlew
AMAR seeks and receives funding from private. corporate and institutional donors as well as from UN agencies
and other inlernational institutions. Details of incomlng resources and resources expended are given in the
Statement of Financial Activities.
The funding of all AMAR services remains a challenge particularly for the emergency relief work in the camps
and for IDPS everywhere as1Sttle funding is available from the UN and other governments.
The operating and fundraising environm8nt has remalned challenging, but the charity has retain8d th8
programmes throughout the year and looks fotward to expanding as the situation improves.
a. Going concern
The financial statements have been prepared on a golng concern basis, which assumes that the charity wlll be
able lo meet its debts as they fall due. Over811 income has decreased from £2,638,338 in 2022 to £2.433.044.
Whilst income has fallen. expenditure has fallen by a more significant £725.760 to £2.087,018. This resulted in
an overall surplus of £346.026 compared to a deficit of £174,440 in Ihe prevlous year.
During the year the charity had a deficit on unrestricted funds of £167.415, there was a further transfer to clear
an overdrawn restricted fund of £114,321 resulling in an increase of the overdrawn general fund at Ihe year-end
to £924,842. R8Strict8d funds brought foNard from ye8r ended 2022 together with the restricted surplus of
£513,441 hav8 r8sulted in a year-end balance of £1,200,852. Ther&fore total funds have Improved from the
deficit position last year of £34,299 to a positive figure of £311,727.
A legal impedlment In Iraq that prevented AMAR from including the value of two property assets In Basra In
AMAR'S financlal statements has now been resolved. Indeed. change of registration of one asset since year
end, accompanied by a pledge of $1.5M, of whSch $600k has been received, has materially improved the
Charitls position in 2024. The inclusion of the sale proceeds of these assets in AMAR'S 2024 financial
statements will have a positive impact on AMAR'S balance sheet. The other property has been assessed as
having broadly similar significant value to the Charity.
The trustees believe it Is appropriate to prepare the financial statements on this basis since:
steps have been
taken to further address the unrestricted funds deficit. there is underlying donor support which ensures AMAR'S
financlal vlabllity and cashflow.
AMAR is continuing with Its fiscal recovery plan. After making appropriate
enqulrjes, the Trustees have a r&asonable expectatlon that the Charfty has adequate resourc&s to continue in
operational existence for the foreseeable future. For thls reason, they continue to adopt the going concern basis
in preparing the financial statements. Further detalls regarding the adoption of the going concern basis can be
found in the accounting po5￿cleS.
b. Reserves pollcy
Reserves are required to meet the working capital requirements of the charily. The trustees aim lo hold general
reserves equivalent to 2-3 months, administrative costs. This will be reviewed in the coming year (2024). The
trustees acknowledge the negative reserves- with the support of a major donor, bringing assels onto the
balan￿ sheet, and further implementation of a fiscal recovery policy it is intended that Éhe negative reserves will
be cleared within the coming 12 months (i.e. 2024).
The defiC￿t whlch was exacerbated during COVID is now clearing, through the Trustees. continuing plan to
increase charltable income, particularly unrestricted donations. and reduclng overhead costs as summarised
below:
In 2022, AMAR'S fundraising in and for Iraq contlnues to recover from the impact of COVID. And
there is an expansion of AMAR'S work beyond Iraq Is openlng new fund-raising opportunities.
Major unrestricted donations were recelved In year whlch helped reduce the unrestricted deficit and
resolve the ownership quesllon over AMAR assets in Basra
Page 5

The AMAR Internatlonal Charitable Foundation
(A company limited by guarantee)
Truste8s' report (conllnued)
For the year 8nded 31 December 2023
Further major donations have been received post balance sheet which will finally clear the
unrestricted deficit.
Funding continues to support a Yazldi muslc project in the Kurdislan Region of Iraq. This prolect Is
being complemented by training project designed to educate young Yazidi victims of ISIS so that
they can secure employment.
A corporate donor has funded a £540,000 school refurbishment project in the Basra region that
started in September 2023. A similar project is expected in 2024.
A foundation provided £503k of funding In 2023 that will enable AMAR to refurbish and operate two
Primary Healthcare Centres in the Kurdistan reglon of Iraq for one year.
AMAR'S primary and secondary schools in Basra are expected to generate a small surplus in 2023
that wlll help cover the salaries of AMAR'S staff In Basra.
A number of new fund-raising app8als are either underway or are being planned:
1. A major fundralslng event In Utah.
2. Further appeals to sympathetic previous donors to support ongoing work wlth the Yazldls.
3. A $1m proposal for a Cultural Centre in Duhok is under development and being dlscussed wlth a major
donor.
Finally, the Trustees recognised that our aim to cap overhead costs al 100/0 in our proposals to donors was too
ambltious. New projects include overhead costs of 15 %-20 %, which is In Ilne with the average for UK charities.
Structure, governance and management
The company was incorporated under the Compani8s Act 1985 on 9th June 1995 In England and Wales and is
governed by its memorandum and articles of association. The company is a company Ilmlted by guarantee and
not having a share capital, (company registration number 3066579), and is a reglstered charlty (charity
registration number 1047432). Each member's guarant88 liability is limited to £1.
The management of the charltable company Is conducted at meelings held by the Trustee5 at regular Intervals
as described in its memorandum and articles of association. Trustees are recruited based upon The AMAR
International Charitable Foundation's (AMAR'S) fields of work and appointed by vole. All Trustees give their time
voluntarily and receive no benefits from the charity.
The risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems have or
are in the process of being established to mitigale Ihose risks. The major risks incurred are in respect of:
staff operating in areas where there may be a threat to their personal security or general wellbeing.
financial risks linked to the current soclal and economlc situations.,
During tha reporting period, further progress was made In corrective action and strengthening of controls,
following tha dismissal of several field slaff in the recent years. Appropriate reporting continued to be made to
the relevant UK authorities. During the audit perlod, and In parallel with the 2020 audit, the Board has upgraded
the charity's financial controls, both in UK and Iraq. and Is satlsfied they are suffici@nt and indeed modelled on
best practice.
During preparation for the 2020 audit, the Board consldered a governance review, a structural review, and a
review of the governing document. On consideration. the consensus was that a) th& trustees had a sufficient
understanding of areas in need of review,. b) the existlng structure (as both charity, and company limited by
guarantee) remained fit for purpose - although if starting afresh, a Charitable Incorporated Organisation would
have been an alternative,. c) the governing document was broadly fit for purpose
minor work to refresh it is
ongolng. The Board notes that management refer day-to-day declslons, whSch requlre 8oard-level clearance, lo
a quorum of two trustees, wlth all décisions logged and briefed at the next Board meetlng. Bookkeèping support
has been strengthened during the p8riod to a level deemed sufficient by the trustees.
Page 6

The AMAR Internatlonal Charitable Foundatlon
(A company limited by guarante8)
Trustees. report (contlnued)
For the year ended 31 December 2023
Slructure, governance and management (contlnued)
Durlng the year the charity has continued to strengthen its governance processes, pollcles and procedures to
ensure they either meet or exceed the relevant standards.
Plans for future perlods
A more detailed summary of the plans for the future has been included within the Reserve policy section of the
Trustees, report. which also includes details of the Trustees, plans to reduce the deficit on unrestricted funds.
Statement of Trustees, Responsibilities
The Trustees (who are also the directors of the Charlly for the purposes of company law) are responslble for
preparlng the Trustees, report and the financial statements in accordance with appllcable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Truslees must not approve the financial statements unless they are satisfled that they give a true and fair view of
the state of affairs of Ihe Charity and of its incoming resources and application of resources, including its income
and expendilure. for Ihat period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102).
make judgements and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements,.
prepare the financlal statements on the going concern basis unless It is inappropriate to presum& that the
Charity will continue in business.
The Trustees are responslble for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactlons and dlsclose with reasonable accuracy at any tlme the financial position of the Charity
and enable them to ensure th8t the financial statem8nts comply wlth the Companies Act 2006. They are also
responsible for safeguardlng the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Page 7

The AMAR International Charitable Foundatron
(A company limlted by guarantee)
Trustees. report {contlnued)
For the year ended 31 December 2023
Disclosure of informatlon to audltors
Each of the persons who are Trustees at the time when th15 Trustees, report is approved has confirmed that:
so far as that Trustee is aware, there is no relevant audit Information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee In order to b8 aware of
any relevant audit information and to establish that the charitls auditors are aware of that information.
Audltors
The auditors. Kr8ston Reeves LLP, have Indicated their willingness to continue in office. The designated
Trustees will propos8 a motion reappointlng the audltors at a m88ting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Baroness Nicholson of Wlnterbourne
Trustee
Date..
03 104
Baroness Nicholson of Winterboume
Chairman
AMAR International Charitable Foundation
THE AMAR I￿￿ERNATIONAL
CHARrrABLE FOUNDATION
UK REGISTERED CHA51rrY'.1047432
UK PEGISTERSD COMPANY,. 3066579
Pag8 8

The AMAR International Charltsble Foundatlon
(A company Ilmlted by guarantee)
Independent auditors, report to the Members of The AMAR International Charitable Foundallon
Opinion
We have audited the financial statements of The AMAR International Charitab18 Foundation (the 'charitl) for the
year ended 31 December 2023 whlch comprise th8 Statement of financial activities. the Balance sheet, the
statement of cash flows and the related notes. including a summary of significant accounting policies. The
financlal reportlng framework that has been applled in their preparalSon Is appllcable law and United Kingdom
Accounting Standards. Includlng Financial Reportlng Standard 102 'The Flnanclal Reportlng Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accountlng Practlce).
In our opinion the financial statements..
give a true and fair view of the slate of the charitable companls affairs as at 31 De￿mber 2023 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 Accepled Accounting
Practice. and
have been prepared In accordance with the requirements of the Companles Act 2006.
Basls for oplnlon
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 financlal 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 Ihe financial statements in the United Kingdom,
including the Financial Reporting Council's Ethlcal Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requlrements. We believe that the audlt evldence we have obtained Is
sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the golng concern basls of
accounting in the preparation of the financial statements is appropriate.
Based on Ihe work we have performed, we have not identified any material uncertainties relating to events or
conditions Ihat. individually or colleclively, may cast significant doubt on the charitable companys abi1Sty to
continue as a going concern for a period of at least ￿e1ve months from when the financial statements are
authorised for issue.
Our responsiblllties and the responslbllltles of the Trustees wlth respect to going conc8rn are described in the
relevant sections of this report.
Emphasis of matter
Despite the surplus achleved this year of £346.026 (2022: Deficit of £174.440) and net assets of £311,727
(2022: net liabilities £34,299), there is a deficit on unrestricted funds of £889,125 at 31 December 2023 (2022..
£607,389). We draw your attentlon to note 2.2 in the financial stalemenls where the Trustees have stated that
the principal risk to the charity is the ability to generate sufficient unrestricled income but that plans are in place
to address this issue in 2024. Our opinion is not modified in respect of this matter.
We confirm that there are no other malters to which your attentlon should be drawn to enable a proper
understanding of the financial statements to be reached.
Page 9

The AMAR International Charitable Foundatlon
(A company Ilmlted by guarantee)
Independent auditors. report to the Members of The AMAR International Charllable Foundatlon
(contlnued)
Other Informatlon
The oth8r information comprises the informatlon Included In the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responslble for the other information contained within the
Annual r8POrt. Our opinion on the financlal statements does not cover the other information and, except to the
8Xtent otherwise explicitly stated In our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other Informatlon and, In dolng so, consider whether the other information is
mat8rially inconsistent with the flnanclal statements or our knowledge obtained in the course of the audit, or
oth8rwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misstatements. we are required to detemiine 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
misstalement of this other information. we are required lo report that fact.
We have nothing to report in this regard.
Oplnlon on other matters prescrlbed by the Companles Act 2006
In our opinion, based on th8 work undertaken In the course of the audlt:
the informatlon given in the Trustees, report for the financial year for which the financial stat8ments are
prepared is consistent with the financial statements.
the Trustees, report has been prepared in accordance with applicable legal requlrements.
Matters on whlch we are r8qulrod to report by exceptlon
In the Ilght of our knowledge and understanding of the charitable company and its envlronment obtalned In the
course of the audit, we have not identified material misstatements in th8 Trustees, report.
We have nothlng to report In respect of the followlng matters in relation to which Companies Act 2006 r8quir8S
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
re￿}Ved from branches not visited by us. or
the financial statements are not In agreement wlth the accounting records and returns; or
certaln dlsclosures of Trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance wlth the sm811 companles
regime and take advantage of the small companies, exemptlons In preparing the Trustees, report and
from tho requirement to prepare a Strategic report.
Responslbllllles of trustees
As explained more fully in the Trustees, responsibilities statement. the Trustees (who are also the dlrectors of the
charitable company for the purposas of company law) are responslble for the preparation of the financial
statements and for being satisfied that they give a true and fair vlew, and for such internal control as the
Trustees det8rmin6 is nec8ssary to enable the preparation of flnanclal statements that are free from material
misstatement, wheth@r due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assesslng the charitable CoMpan￿S ability
to continue as a going concern, disclosing, as applicable, matters related to golng concern and using the going
concern basis of accounting unless the Truste&s either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Page 10

The AMAR International Charitable Foundation
(A company limited by guarantee)
Independent audltors. report lo the Members of The AMAR International Charllable Foundatlon
(conllnued)
Auditors, responsibilities for the audlt of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to ISSU8 an Auditors, 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 misslatemenl when St 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 economlc declslons of users taken on the basls of these financl81 statements.
Irregularities. includlng 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..
Capability of the audit in detecting irr8gulariti8s, including fraud
The oblectlves of our audlt are to Identlfy and assess the rlsks of materlal mlsstatement of the financial
statements due to fraud or efror,. to obtaln sufflclent appropriate audlt evidence regardlng the assessed rlsks of
material misstatement due to fraud or error. and to respond appropriately to those risks.
Based on our understanding of the group and charitable sector generally, and through discussion wlth the
Trustees and other management (as required by auditing standards), we identified that the principal risks of
noncompliance wilh laws and regulations related to safeguarding, heallh and safety. antibribery and employment
law. We considered the extent to which noncomplSance might have a material effect on the financial statements.
We also considered those laws and regulatlons that have a direct Impact on the preparalion of the financial
statements such as the Companies Act 2006, taxation and pension legislation. We communlcated identified laws
and regulations throughout our team and remained alert to any indications of noncompliance throughout the
audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial
statements (including the risk of override of controls). and determined that the principal risks were related to
postlng Inappropriate journal enlrles to Increase revenue or reduce expenditure and management bias in
accountlng estlmates and Judgemental areas of the financlal statemenls. Audit procedures performed by th8
engagement team Included..
Discussions with management and assessment of known or suspected instances of noncomplSance with
laws and regulations and fraud., and
Challenging assumptions and judgements made by management in its significant accounting estimates. and
Confirmatlon of related partles wlth management, and revlew of transacllons throughoul the period to identify
any previously undisclosed transactions with related parties outside the normal course of business., and
Identifying and assessing the design effectiveness of controls that management has in place to prevent and
detect fraud", and
Conductlng interviews with appropriate personnel to gain further Inslght Into the control systems
implemented, and the risk of irregularity,. and
Reading minutes of meetings of those charged with governance and reviewing correspondence with relevant
regulatory aulhorities., and
Review of slgnificant and unusual transactions and evaluation of the underlying financial rationale supporting
the transactions. and
Identifying and testing journal entries, in particular any manual entries made at the year end for financlal
slatement preparation., and
Performing analytical procedures to idenlify any unusual or unexpected relalionships, including related party
transactions, that may indicate risks of material misstatement due to fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases Ihe more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance.
Page11

The AMAR International Charitable Foundatlon
(A company limlted by guarantee)
Independent auditors. report to the Members of The AMAR International Charitable Foundation
(contlnued)
The risk is also greater regarding irregularities occurrlng due to fraud rather than error, as fraud involves
Intentlonal concealment, forgery, ¢olluslon, omlsslon or mlsrepresentatlon.
As part of an audit In accordance with ISAS (UK), we exerclse professlonal ludgement and maintain professlonal
scepticism throughout the audit. We also..
Identify and assess the risks of material misstalement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evid8nc8 that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve
colluslon. forgery, Intentlonal omlsslons, misrepresentations, or the overrlde of internal control.
Obtain an understanding of Internal control relevant lo the audit in order to design audit prO￿dureS that
are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness
of the charitable compan￿$ internal control.
Evaluate the approprlateness of accounllng pollcles used and the reasonableness of accountlng
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Truslees, use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a malerial uncertainty 8XiSts related to events or conditions
that may cast significant doubt on the charitable companWs abillty to contlnue as a golng concern. If we
conclude that a material uncertainty exisls, we are required to draw attention in our Auditors, report to the
related dlsclosures In the flnanclal statements or, If such disclosures are Inadequate, to modlfy our
opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors, report.
However, fulure events or conditions may cause the charitable company to cease to continue as a going
concern.
Evaluate the overall presentation. structure and content of the financial statements, includlng the
disclosures, and whether the financial slatements represent the underlying transactions and events In a
manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
Use of our reporl
This report Is made solely to the charitable companls members, as a body. accordance with Chapter 3 of Part
16 of the Companles Act 2006. Our audlt work has been undertaken so that we might state to the charltable
companys members those matters we are requlred to state to them In an Auditors, report and for no other
purpose. To the fullest extent permltted by law, we do not accept or assume responsibllily to anyone other than
the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Stephen Tanner BSc(Econ) FCA (Senlor statutory audltor)
for and on behalf of
Kreston Reeves LLP
Chartered Accountants
Statutory Auditor
London
Date: 3 September 2024
Page 12

The AMAR Internatlonal Charitsble Foundatlon
(A company limited by guarantee)
Statement of flnanclal activilles {incorporating income and expendlture account)
For the year ended 31 December 2023
Restrlcted Unrestrlcted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Investments
1,993,074
340,654
96,805
2,511
2,333,728
96,805
2,511
2.590,440
47.693
205
Total Income
1,993.074
439.970
2,433,044
2,638.338
Expenditure on:
Raising funds
Charitable adivities
1,371
577,097
1,371
2,085,647
1,718
2.811,060
1,508,550
Total expendlturo
1,508,550
578,468
2,087,018
2.812,778
Net incomel(expendlture)
Transfers between funds
484,524
143,238
(138.498)
(143,238)
346.026
(174,440)
14
Net movement In funds
627.762
(281,736)
346,026
(174,440)
Reconclllation of funds:
Total funds brought forward
Net movement in funds
573,090
627,762
(607,389)
(281,736)
(34,299)
346,026
140,141
(174,440)
Total funds carrled forward
1,200.852
(889,125)
311,727
(34,299)
The Statement of financial activities includes all gains and losses recognised In the year.
The notes on pages 16 to 30 form part of these financial statements.
Page 13

The AMAR Internatlonal Charltable Foundation
(A company limited by guarantee)
Registered number: 03066579
Balance sheet
As at 31 December 2023
2023
2022
Note
Flxed assets
Tangible assets
11
4,717
6,290
4.717
6,290
Current assets
Debtors
12
363,187
158,193
663,089
232,313
Fixed assets held for sale
Cash at bank and in hand
408,476
1,184,469
640.789
Cr8ditors: amounts falllng due wilhln one
year
13
{877,459)
(681,378)
Net current assets I Ilabilites
307,010
(40,589)
Total net assets
311,727
(34,299)
Charlty funds
Restrfcted funds
Unrestricted funds
14
14
1.200,852
(889.125>
573,090
(607,389)
Total funds
311,727
(34,299)
The Trustees acknowledge thelr responslbilltles for complying with the requirements of the Act with respect to
accounling records and preparatlon of flnanclal statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Baroness Nlcholson of Wlntorbourne
Trustee
Date..
B2rone,ss Nicholson ofwinterboume
I biiaiilable Foundalion
AMAk< Ifil61'iiaLIOilu
The notes on p
es16to3
form part of these financial statements.
THE AMAK INI Li%N..'
cH￿￿AB￿ F(KJNDAI'I4￿N
UK I)."_
1¢ ri'nrry fHARifi,10474YI
UK RELii>i ￿Ko￿lIJI￿AY'. y066$79
Page 14

The AMAR International Charitable Foundatlon
(A company Ilmlted by guarantee)
statement of cash flows
For the year ended 31 December 2023
2023
2022
Note
Cash flows from operatlng actlvltles
Net cash provided byl(used in) operating activities
17
254,613
(61,600)
Change in cash and Cash equivalents in the year
Cash and cash equSvalents at the beglnnlng of the year
254,613
(61,600)
470,076
408,476
Cash and cash equival8nts at the end of the year
18
663,089
408.476
Tha notes on pag8s 16 to 30 form part ofthes& financial statements
Page 15

The AMAR International Charitable Foundation
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
General information
The AMAR International Charitable Foundation is a registered charlty in England. The charStls reglstered
address is 1st Floor County House, 100 New London Road. Chelmsford. Essex. Unlted Klngdom, CM2
ORG.
The AMAR International Charitable Foundation Is also a registered company Ilmlted by guarantee. The
members of the company are the Trustees named on page 1. In the event of the company belng wound
up, th8 liability in respect of the guarantee is limlted to £1 per member of the company.
Accounting pollcles
2.1 Basls of preparallon of flnanclal statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accountlng 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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The AMAR Intemational Charitable Foundation meets the definition of a public b8n8fit entity under
FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless
othe￿iSe stated in the relevant accounting policy.
2.2 Golng concern
The charity's activities, together with the factors likely to affect its future development performanc8
and position are set out in the Trustees, Report. The principal risk facing the charity is its ability to
generate sufficient unrestricted income to cover unrestrict8d expenditure incurred in fulfilling the
objectives of the charitable company.
Plans have been put in place by Trustees and Management to ensure that Ihe Charitls core
activities are streamlined and the funding of these is improved. Full detalls of these plans can be
found within the 'R8s8rves policv section of the Trusteas, report.
The Charity continues to hav8 the support of its main funder to continue Its core operatlons,
Despit8 th8 OV8rdrawn unrestricted funds, the Trustees have a reasonable expectatlon Ihat the
charity has adequate resources to continue for the foreseeable future, supported by events the took
place after the balance sheet date. Thus they continue to adopt the golng concern basls of
accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income. it is probable that the
income will be received and the amount of income recelvable can be measured reliably.
Grants are Included In the Statement of financlal activitles on a receivable basis. The balance of
Income recelved for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where Income is received in advance of entitlement of receipt, its
recognitlon Is deferred and Included In creditors as deferred income. Where entitlement occurs
before Income Is recelved, the income is accrued.
Income tax recoverable in relation lo investment income is recognised at the lime the investment
Income is receivable.
Page 16

The AMAR International Charitable Foundation
(A company Ilmlted by guarantee)
Notes to the financlal statements
For the year ended 31 December 2023
Accounting pollcles {contlnued}
2.4 Expenditure
Expenditure is recognlsed once there is a legal or constructive obligatlon to Iransfer economlc benefit
to a Ihlrd party, it is probable that a transfer of economic b8nefits will be required in settlement and
the amount of the obligation can be measured rellably. Expenditure is classlfled by activity. The costs
of each activity are made up of the total of direct costs and shared costs, Including support costs
involved In undertaking each actlvlty. Direct costs attributable to a single activlty are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apporlioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the porlion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising actlvlties events and non-charitable trading.
Expenditure on charltsble activities Is Incurred on directly undertaking th8 activities whlch further the
Charlvs objectives. as well as any assoclated support costs.
All expenditure is incluslve of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity. this is normally upon notification of the interest paid or payable by the
Institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreclatlon
Tangible fixed assets are initially recognlsed at cost. After recognition, under the cost model, tanglble
fixed assets are measured at cost less accumulated depreclatlon and any accumulated impairment
losses. All costs Incurred to bring a tanglble fixed asset into Its Intended worklng condition should be
Included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less thelr resldual value
over their estimated useful lives.
Depreciation is provided on the following basis:
Fixlures, fittings and equipment
250/0 reducing balance
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade dlscount offered.
Prepayments are valued at the amount prepald net of any trade dlscounts due.
2.8 Fixed assets h81d for sale
Fixed assets held for sale have been recognised on the basis that the organisation has ownership
and that the Trustees wish to sell these assets in the next 12 months.
2.9 Cash at bank and In hand
Cash at bank and In hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisltion or opening of the deposit Of simllar account.
Page 17

The AMAR Internatlonal Charitable Foundation
(A company Ilmlted by guarantee)
Notes to the flnancial statements
For the year ended 31 December 2023
Accountlng policies (continued)
2.10 Liabllltles and provisions
Liabilltles are recognised when there is an obligatlon at the Balanc8 sheet date as a result of a past
evenl, it Is probable that a transfer of economic beneflt wlll be required In settlement, and the amount
of the settlement can be estlmated reliably.
Liabllitles are recognised at the amount that the Charlty anticipates it wlll pay to settle the debt or the
amount it has received as advanced paym8nts for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is malerial. the provision is based on the present value of those
amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.11 Flnanclal Instruments
The Charity only has financial assets and financial liabilities of a klnd that quallfy as basic financial
Instruments. Basic financial instruments are initially recognlsed at transaction value and subsequently
measured at thelr settlement value wlth the exception of bank loans which are subsequently
measur8d at amortised cost using the effective interest method.
2.12 Penslons
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.13 Fund accounting
General funds are unr@stricted funds which are avaSlable for use at the dlscretion of the Trustees in
furtherance of the general oblectlves of the Charity and which hav8 not been designated for other
purposes.
Designated funds comprise unrestrlcted 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 financlal
statements.
Restricted funds are funds which are lo b8 used In accordance with specific restrictions imposed by
donors or which have been raised by the Charlty for particular purposes. The costs of raising and
adminlstering such funds are charged against the specific fund. The aim and use of each restrlcted
fund is set out in the notes to the financial statements.
Investmenl income, galns and losses are allocated to the appropriate fund.
Page 18

The AMAR International Charitable Foundation
(A company limlted by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Income from donations and legacies
As restated
Total
funds
2022
Restrlcted Unrestrlcted
funds
funds
2023
2023
Total
funds
2023
Appeals and donations
Grants and donatlons for programmes
725,632
1.267,442
311,190
29.464
1,036,822
1.296.906
568.422
2.022,018
1,993,074
340.654
2,333,728
2.590,440
Tot812022 as restated
2,528,692
61,748
2,590,440
Income from charltable actlvlties
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Rents and charges receivable
96,805
96.805
47,693
Total 2022
47,693
47,693
Investment Income
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Bank interest received
2,511
2,511
205
Total 2022
205
205
Page 19

The AMAR International Charltable Foundation
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Analysis of expendlture on charilable actlvlties
Summary by fund type
Restrlcted Unrestricted
funds
funds
2023
2023
Total
2023
Total
2022
Direct costs
1.508,550
577.097
2,085,647
2,811,060
Total 2022
2,635,627
175,433
2,811,060
Analysls of expenditure by actlvltles
Activities
undertaken
directly
2023
Total
funds
2023
Total
funds
2022
Direct costs
2,085.647
2,085.647
2.811.060
Total 2022
2,811.060
2,811,060
Page 20

Th8 AMAR Internatlonal Charitable Foundation
(A company limited by guarantee)
Notes to the flnanclal statements
For the year ended 31 December 2023
Analysis of expendlture by activities (continued)
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Staff costs
D8preciation
Operating l@ases, rent of premlses
Iraq charitable costs
Auditors, remuneration
Health care
Education and reconciliation
Other aid
Lossl{profit) on foreign currency
Legal and professlonal
Administration, travel and subsistence
staff trainlng and development
196.398
1,573
22,390
686,275
29,899
291,807
597,076
28,039
8,825
75,568
134,338
13,459
201.539
2,096
28.736
238.226
28,095
(146,794)
595.770
1,806,903
(59.973)
36,911
69,645
9.906
2,085,647
2,811.060
Auditors. remuneratlon
2023
2022
Audlt of overseas operation
Fees payable to the Charity's auditor in respect of:
Audit of the charity's annual accounts
5,929
15.405
23,970
22,195
Staff costs
2023
2022
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
179,188
14,190
3,020
183.342
15,170
3.027
196,398
201,539
Page 21

Th8 AMAR International Charitab18 Foundatlon
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Staff costs {contlnued)
The average number of persons employed by the Charity durlng the year was as follows..
2023
No.
2022
Overseas charitable activitl8S
UK administration
19
20
24
25
The numb8r of employees whose employee benefits (excludlng employer pension costs) exceeded
£60,000 was..
2023
2022
In the band £60,001- £70.000
In the band £70,001- £80,000
The total employment benefits including employer penslon contributions of th8 k8y management
personnel were £142,169 (2022: £147,792).
10.
Trustees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits (2022 - £NIL).
During the year ended 31 December 2023. no Trustee expenses have been incurred (2022 - £NIL).
Page 22

The AMAR International Charitable Foundation
(A company Ilmlted by guarant88)
Notes to the financlal statements
For the year ended 31 December 2023
11. Tanglble fixed assets
Flxtures,
flttlngs and
equlpment
Cost or valuation
At 1 January 2023
80,903
At 31 December 2023
80.903
Depreclatlon
At 1 January 2023
Charge for the year
74,613
1,573
At 31 December 2023
76,186
Net book value
At 31 December 2023
4,717
At 31 December 2022
6,290
12. Debtors
2023
2022
Due within one year
Trade debtors
other debtors
Prepayments and accrued Income
251,446
36,445
75,296
88,220
144,093
363,187
232,313
Page 23

Th8 AMAR Internatlonal Charitabl8 Foundatlon
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
13. Creditors: Amounts falllng due wlthin one year
2023
2022
Bank overdrafts
Trade creditors
Other creditors
Accruals
4,757
161,725
232,884
478,093
9,421
389,436
141,841
140,680
877,459
681,378
Page 24

Th& AMAR Internatlonal Charitable Foundatlon
{A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
14. Statement of funds
Statement of funds - current year
Balance at
31
December
2023
Balance at I
January
2023
Transfers
Inlout
Income Expenditure
Unrestrlcted funds
Deslgnated funds
Ukralne projects
35.717
35,717
General funds
General fund
(607,389)
404,253
(578,468) {143,238) (924,842)
Total Unrestrlct8d funds
(607,389)
439,970
(578,468) (143,238) (889,125)
Restrlcted funds
Africa fund
AMAR Cancer fund
APPG
EMIR fund
Escaping Darkness fund
Al Waheed PHCCS
Iranian refugees
Giz
BGC Madrastray
BGC School Refurb
Muslc project
Yazidi
Nl Group
Ukraine
ROO
BGC Hospital
Afghan fund
Wlndsor Conference
Zeldin fund
43,727
50.000
29,630
{114,321)
43,727
50.000
29,630
114,321
66,800
513,844
(26,256)
(162,344)
40.544
351,500
6,400
.110.624
177,788
58,711
80,473
19,858
25,322
138,075
6,400
110.624
186,451
109,437
81,448
(142)
(8,663)
(186,174}
(73,494)
106,531
72,519
20,000
25,322
197,731
28,917
5,903
940.078
8,618
40,281
40.356
(65,559}
(940,078)
{3,730)
(28,141)
(14.111)
4,888
17,067
26,245
20,000
4,927
20,000
573,090
1,993,074 (1,508.550)
143,238
1,200,852
Total of funds
{34.299) 2,433,044 {2.087,018)
311.727
Page 25

The AMAR International Charitable Foundatlon
(A company limited by guarantee)
Note5 to the financlal statements
For the year ended 31 December 2023
14. Statement of funds (contlnued)
Statement of funds - prior year
Balance at
31
December
2022
Balance at
1 January
2022
Income Expendlture
Unrestrlcted funds
General fund
{539.884)
109,646
(177,151) (607,389)
Restricted funds
Africa fund
AMAR Cancer fund
APPG
EMIR fund
Escaping Darkness fund
Al Waheed PHCCS
Iranian refugees
Glz
BGC School Refurb
Music project
Yazidi
Nl Group
Ukraine
ROO
BGC Hospital
ROO - other
Afghan fund
Windsor Conference
Zeldin fund
43,727
50,000
29,630
288,605
11,250
43.727
50.000
29,630
(1.229,577) (114,321)
{71,250)
(5,156)
826,651
60,000
5,158
6,400
110,624
6,400
110,624
106,531
72,519
20,000
25,322
197,731
140,265
104,708
20,000
{33,734)
(32,189)
25,322
333.419
595,770
232,954
16.514
153.255
40.000
(135,688)
(595,770)
(232.954)
(16,514)
(242,795)
(40,000)
94,467
4,927
20.000
20,000
680,025
2,528,692 (2.635.627)
573,090
Total of funds
140,141
2,638,338
(2,812,778)
(34,299)
Page 26

The AMAR International Charitable Foundatlon
(A company Ilmlted by guarantea)
Notes to the financial statements
For the year ended 31 December 2023
14. Statement of funds {continued)
Transfers
The transfers represent excess spend on restricted projects being funded from the general reserve.
Descrlptlon of reslricted funds
Afrlca fund - lo improve the health of the population of Africa, origln8lly the focus was to be on Yemen.
AMAR Cancer fund - to provide cancer screenlng services in Basra.
APPG - to enable research into prevention of sexual vlolence in conflict.
EMIR fund was set up to build, furnish, equip and operate a small charitable surgical hospital plus
supporting services.
Escaplng Darkness fund - to provide psychological support to displaced people in Northern Iraq.
Al Waheed PHCCs- This fund was set up to run Primary health care units in IDP camps for 18 months.
GIZ - to rehabilitate education I training cenlres in Iraq and provide relevant support, etc.
BGC Madrastray - A three phrase project to renovate three schools and deliver stipends to school
children. This was a new project after the Suc￿sS of the BGC School refurb fund,
BGC School Refurb fund - to support the refurblshment of schools from grants provlded by Basra Gas
Company.
Muslc project- to promote music within IDP camps supported by AMAR.
Yazldl fund - to specifically support the Yazidi population wlthln IDP camps.
Nl Group was set up for medlcal care. social care and general assistance of the Iraql cltlzen Shams
Hisham.
Ukraine fund to support Ukrainian refugees in Romania by supplying essential humanitarian supplies
and provision of educational, medical and recreational activities.
ROO Education to provide education and skills training centres in Iraq and provide relevant support
etc.
ROO Health - to provide health services to communities local to ROO operations.
ROO Other- to support small scale projects within communities local to ROO operations.
Afghan fund - to facilitate the evacuatlon of Afghan nationals at risk of persecution.
Wlndsor Conference - Conference sponsor8d by ICLRS BYU, that was postponed due to COVID.
however facilitated research in the margins.
Zeldln fund to facllltate fundraising to assist health and educational charltable activities in countles of
operation.
BGC Hospltal - This pays for the Hospital guards only. This is not BGC, this should be Basra Hospital.
15. Summary offunds
Summary of funds- current year
Balance at
31
December
2023
Balanc8 at 1
January
2023
Transfers
Inlout
Income Expendlture
Designated funds
General funds
Restricted funds
35,717
35,717
404,253
(578,468) (143,238) (924,842>
1,993,074 {1,508,550)
143,238
1.200,852
{607,389)
573,090
{34,299} 2,433,044 {2,087,018)
311,727
Page 27

The AMAR Internatlonal Charitable Foundatlon
(A company Ilmited by guarantee)
Notes lo the financial statements
For the year ended 31 December 2023
15. Summary of funds (contlnued)
Summary of funds - prlor year
Balance at
31
December
2022
Balance at
1 January
2022
Income Expenditure
G@n8ral funds
Restricted funds
(539.884}
680.025
109,646
(177,151) (607,389)
2,528,692 (2,635,627)
573,090
140,141
2,638,338 (2,812,778)
(34.299)
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
Restrlcted Unrestrlcted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due wlthln one year
4,717
4,717
(16,383) 1,184,469
(877,459) <877,459)
1,200,852
Total
1,200,852
(889,125)
311.727
Analysls of net assets between funds - prlor year
Restricted Unrestrict8d
funds
funds
2022
2022
Total
funds
2022
Tangible flxed assets
Current assets
Creditors due within one year
6,290
6,290
67,699
640,789
(681,378) (681,378)
573,090
Total
573,090
(607,389)
(34,299)
Page 28

The AMAR Internatlonal Charltable Foundation
(A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 December 2023
17.
Reconciliatlon of net movement In funds to net cash flow from operating activities
2023
2022
Net incomelexpenditure for the year (as per Statement of Financial
Activities)
346,026
(174,440)
Adjustments for:
Depreciation charges
(Increase)Idecrease in debtors
Increase in creditors
(Decrease) in provislons
1,573
(289,067)
196,081
2,096
148,629
36,432
(74,317)
Net cash provlded byl(used In) operating actlvltles
254,613
(61,600)
18. Analysls of cash and cash equivalents
2023
2022
Cash In hand
663.089
408,476
19. Analysls of changes in net debt
At1
January
2023 Cash flows
At31
December
2023
Cash at bank and in hand
Bank overdrafts repayable on demand
408,476
(9,421)
254,613
4,664
663,089
{4,757)
399,055
259,277
658,332
20.
Pension commllments
The charity operates a defined conlribulion pension scheme. The assets of the scheme are held
separately from those of the charlty in an independently adminislered fund. The pension cost charge
represents conlribulions payable by the charity to the fund and amounted to £3.020 (2022- £3,027).
Page 29

The AMAR Internatlonal Charilable Foundatlon
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
21. Operating lease commltments
At 31 December 2023 the Charily had commitments to make future minimum lease payments under non-
cancellable op8rating leases as follows:
2023
2022
Not later than 1 year
357
500
22.
Related party transactions
Damon Parker (a trustee of the Charity) Is a dir8Ctor of the Iraq Britain Busin8ss Councll (IBBC), a
company limited by guarantee, whlch alms to promote business between Iraq and Britaln. IBBC Is a sub-
tenant of The AMAR Internatlonal Charitable Foundation and has been invoiced for the space occupled.
AMAR also recharges IBBC for staff time spent on IBBC work. Staff services and overheads recharged
totalled £61,088 (2022.. £14,123), with £155,344 due at the year end (2022: £83,160). All these
transactions have been made on an arm's length basis.
During the year, Trustees made donations to the charity amounting to £2,561.
23. Controlling party
There is no ultlmate controlling party.
Page 30