DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Report and Unaudited Financial Statements for the year ended 31 December 2024
Charity registration number: 1138665
DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Contents of the financial statements for the year ended 31 December 2024
| Page | |
|---|---|
| Charity information | 2 |
| Trustees' report | 3 - 6 |
| Independent examiner's report to the trustees | 7 |
| Statement of financial activities | 8 |
| Statement of financial position | 9 |
| Notes to the financial statements | 10 - 13 |
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Charity information
for the year ended 31 December 2024
Reference and Administrative Information
Charity name: Dar-Al-Arqam (House of Arqam) Trust Charity number: 1138665 Operational address: 1 Kitcat Terrace London E3 2SA
Trustees
Rajib Ahmed Chairman Mohamed Afzal Bhaktary Treasurer Sodrul Islam (resigned 20 April 2025) Martuza Faisal Aziz (resigned 13 November 2024) Mahdi Anayet Ahmed (appointed 23 November 2024)
Principal professional advisers
Bankers
HSBC Bank 75 Whitechapel Road London E1 1DU
Independent examiner
Royal Associates, Association of Accounting Technicians 60 Park Road Wellingborough Northants NN8 4QE
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Trustees' report for the year ended 31 December 2024
Objectives and activities
The Trustees present their report and the financial statements for the year ended 31 December 2024.
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To advance education and provide facilities, in particular, but not exclusively for the Muslim community living in the United Kingdom, in the interests of social welfare for recreation and other leisure time occupations with the object of improving the conditions of life of such people.
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To promote for the benefit of the public the culture and history of the Muslim community living in the United Kingdom, in particular, but not exclusively, the London boroughs of Tower Hamlets and Newham.
Trustees and officers
The following served as Trustees and Officers during the year.
Trustees
Rajib Ahmed Chairman Mohamed Afzal Bhaktary Treasurer Sodrul Islam (resigned 20 April 2025) Martuza Faisal Aziz (resigned 13 November 2024) Mahdi Anayet Ahmed (appointed 23 November 2024)
Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable laws and regulations. Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law. The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Trust.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are also responsible for keeping adequate accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the charity. 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 also responsible for ensuring that adequate arrangements are in place to manage risk and uncertainty, as expanded further on page 5. The Trustees confirm that they have paid due regard to the guidance contained in the Charity Commission's general guidance on public benefit when setting the charity's objectives and planning its activities. This report explains the Charity's activities and demonstrates how they contribute to the Charity's purposes and provide public benefit.
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Trustees' report - continued for the year ended 31 December 2024
Strategic report
The main activities are undertaken in relation to those purposes during the year:
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Deliver onsite courses
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Deliver online courses
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Produce and broadcast educational publications
The main activities were undertaken during the year to further the charity's purpose for the public benefit:
The charity has benefited the public by carrying out its objectives. Courses were established and open to residents of Tower Hamlets, Newham, and other boroughs. All courses were freely accessible to the public, online and onsite; they were delivered in various languages to reach an ethnically diverse population.
In addition, educational materials were published in both short and long form media. Courses tailored to women were also a key area of delivery to facilitate the growing female student base.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The main achievements of the charity were as follows:
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Regular courses throughout the year
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Courses especially tailored for women
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Provision of online and onsite programmes and courses Courses are available free of charge for the public to benefit Production of educational materials Maintenance of fundraising activities
The difference the charity's performance during the year has made to the beneficiaries of the charity:
The beneficiaries have benefited in many ways because of the performance of the charity. They have received training in personal development, Islamic academia, upskilling and spirituality.
The degree to which the achievements and performance during the year have benefited wider society:
The courses provided by the charity have benefited society by facilitating learning in areas of personal development, Islamic academia, upskilling and spirituality, and ultimately increasing the utilitarian impact of our students and participants on the wider society.
The methods used to recruit and appoint new charity trustees:
There must be at least three trustees. Apart from the first trustees, every trustee must be appointed by a resolution of the trustees passed at a special meeting.
In selecting individuals for appointment as trustees, the trustees must have regard for the skills, knowledge and experience needed for the effective administration of the charity.
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Trustees' report - continued for the year ended 31 December 2024
The trustees must make available to each new trustee, on his or her first appointment:
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a copy of this deed and any amendments made to it;
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a copy of the charity's latest report and statement of accounts.
Financial review
The financial results are set out in the statement of financial activities on page 8.
The total income for the year amounted to £212,776.
Financial reserves
The Trustees will review reserves at least annually and maintain unrestricted reserves sufficient to maintain the Charity's operations in the event that income is unexpectedly reduced from current levels. The Trustees consider the probability of a reduction in and security of each source of income together with the ability to reduce the expenses.
Going concern
The Trustees consider that the Charity is in a strong position and is well placed to manage the operational risks. The current year surplus indicates that trustees have put adequate measures in place, such as increased online and onsite courses, fundraising initiatives and cash flow projections taking into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure.
The Trustees, therefore, have a reasonable expectation that the organisation has sufficient resources to continue in operational existence for the foreseeable future and believe that there are no reasonable uncertainties that call into doubt the ability of Dar-Al-Arqam (House of Arqam) Trust to continue as a going concern.
Risk and uncertainty
The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable the financial statements to comply with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102). They are also responsible for safeguarding the assets of Dar-Al-Arqam (House of Arqam) Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:
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The Charity is operating efficiently and effectively
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Its assets are safeguarded against unauthorised use or disposition
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Proper records are maintained and financial information used within the charity or for publication is reliable
The Trust complies with relevant laws and regulations
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Trustees' report - continued
for the year ended 31 December 2024
The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:
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Consideration by the Trustees of financial results and cash flow forecasts
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Delegation of authority and segregation of duties, including that all payments require the approval of two authorised signatories
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Identification and management of risks
The Trustees have examined the major risks that Dar-Al-Arqam (House of Arqam) Trust faces and confirm they have established procedures to ensure regular reporting takes place so that necessary steps can be undertaken to minimise risks.
Independent examiner
Each of the persons who is a Trustee at the date when this report is approved confirms that:
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So far as the Trustee is aware, there is no relevant information of which the independent examiner is unaware: and
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The Trustee has taken all the steps he/she ought to have taken as a Trustee to make himself/herself aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
Kabir Ahmed, Royal Associates, has expressed its willingness to continue as an independent examiner for the next financial year.
Acknowledgements
The Trustees would like to take this opportunity to thank everyone who has shown their dedication and commitment to our charity.
The Trustees' Report therein has been approved by the Trustees on 28/10/2025 after independent examination and signed on their behalf by:
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Rajib Ahmed Chairman
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Independent examiner's report
to the trustees of Dar-Al-Arqam (House of Arqam) Trust for the year ended 31 December 2024
I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 8 to 13.
Responsibilities and basis of report
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
to state whether particular matters have come to my attention
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts do not accord with those records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kabir Ahmed FMAAT
Royal Associates
Association of Accounting Technicians 60 Park Road Wellingborough Northants NN8 4QE _____
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Statement of financial activities for the year ended 31 December 2024
| Note INCOMING RESOURCES Donations 3 Other activities Total incoming resources RESOURCES EXPENDED Direct expenditure on charitable activities 4 Expenditure on management and administration 5 Total resources expended NET MOVEMENTS IN FUNDS TOTAL FUNDS brought forward TOTAL FUNDS carried forward |
Restricted Funds £ - - - - - - - - |
2024 Unrestricted Funds £ 212,753 23 212,776 (36,010) (153,814) (189,824) 22,952 278,815 |
Total Funds £ 212,753 23 212,776 (36,010) (153,814) (189,824) 22,952 278,815 |
2023 Total Funds £ 297,957 126 |
|---|---|---|---|---|
| 298,083 | ||||
| (64,608) (97,825) |
||||
| (162,433) | ||||
| 135,650 143,165 |
||||
| - | 301,767 | 301,767 | 278,815 |
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Statement of financial position As at 31 December 2024
| Note Non-current assets Leasehold properties 8 Computer equipment 8 Property, plant and equipment 8 Current assets Trade and other receivables 9 Cash at bank Current liabilities 10 Net current assets Total assets less current liabilities Funds of the charity Restricted income fund Unrestricted income fund |
2024 £ £ 189,518 5,212 22,901 217,631 22,239 63,915 86,154 (2,018) 84,136 301,767 - 301,767 301,767 |
2023 £ £ 159,579 4,865 29,667 194,111 22,549 64,653 87,202 (2,498) 84,704 278,815 - 278,815 278,815 |
2023 £ £ 159,579 4,865 29,667 194,111 22,549 64,653 87,202 (2,498) 84,704 278,815 - 278,815 278,815 |
|---|---|---|---|
| 194,111 84,704 |
|||
| 86,154 (2,018) |
87,202 (2,498) |
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| - 301,767 |
- 278,815 |
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| 278,815 | |||
| 278,815 | |||
The accounts on pages 8 to 13 were approved by the Trustees on 28/10/2025 and were signed on their behalf by:
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Rajib Ahmed Chairman
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Notes to the financial statements
For the year ended 31 December 2024
1 Charity information
Dar-Al-Arqam (House of Arqam) Trust is a UK registered charity (charity number 1138665) constituted under a Trust Deed dated 1 September 2010. The address of the registered office is 1 Kitcat Terrace, London, E3 2SA.
2 Accounting policies
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing documents, the Charities Act 2011 and 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 (as amended for accounting years commencing from 1 January 2016).
The principal accounting policies adopted in the preparation of the accounts are as follows:
a) Basis of accounting
The accounts are prepared in accordance with the historical cost convention as modified by the inclusion of investments at market value. After making enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Financial Review on page 5.
b) Incoming resources
All income is recognised once the charity has an entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income can be measured reliably.
- c) Resources expended
Liabilities are recognised as expenditures; as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of obligation can be measured reliably.
d) Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in the current liabilities.
e) Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% straight line Computer equipment 25% straight line Leasehold land and buildings Equal instalments over the period of the lease
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Notes to the financial statements - continued For the year ended 31 December 2024
3. Donations
The charity received donations of £212,753 (2023: £297,957) from various donors.
4. Direct expenditures on charitable activities
| Fundraising costs Programme running costs Salaries and wages Research costs Media and design costs Direct costs Expenditure on management and administration Premises costs Building insurance Repairs and maintenance Training Telecommunications Printing and stationery IT, software, and equipment Subscription Books and periodicals Travel and subsistence Accountancy Event specific costs Advertising Legal and professional Gifts Sundry expenses Bank fees Depreciation |
2024 £ 1,063 13,662 7,200 0 8,860 5,225 36,010 2024 £ 107,689 398 2,491 109 4,770 1,326 3,520 594 588 0 4,176 0 174 300 0 0 3,098 24,581 153,814 |
2023 £ 3,236 27,517 7,200 628 24,280 1,747 |
|---|---|---|
| 64,608 | ||
| 2023 £ 54,104 263 139 119 5,126 35 6,763 421 766 1,470 4,176 803 2,727 850 240 786 8,029 11,008 |
||
| 97,825 |
5. Expenditure on management and administration
6 . Trustees' remuneration
The trustees received £Nil remuneration.
7. Employee information
The member of staff employed by the charity was 1 (2023: 1).
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
Notes to the financial statements - continued For the year ended 31 December 2024
| 8. Property, plant and equipment Leasehold Computer Office Total land and buildings equipment equipment Costs £ £ £ £ At 1 January 2024 164,600 5,468 45,178 215,246 Addition 42,405 1,880 3,816 48,101 At 31 December 2024 207,005 7,348 48,994 263,347 Depreciation and impairment At 1 January 2024 5,021 603 15,511 21,135 Depreciation charged in the year 12,466 1,533 10,582 24,581 At 31 December 2024 17,487 2,136 26,093 45,716 Carrying amount At 31 December 2024 189,518 5,212 22,901 217,631 At 31 December 2023 159,579 4,865 29,667 194,111 9. Trade and other receivables 2024 2023 £ £ Other receivables 0 406 Rent deposit 21,125 21,125 Prepayment 1,114 1,018 22,239 22,549 10. Current liabilities 2024 2023 £ £ Tradepayables 6 498 Loan - Qard E Hasna 2,000 0 Director's current account 12 0 Accruals 0 2,000 2,018 2,498 |
8. Property, plant and equipment Leasehold Computer Office Total land and buildings equipment equipment Costs £ £ £ £ At 1 January 2024 164,600 5,468 45,178 215,246 Addition 42,405 1,880 3,816 48,101 At 31 December 2024 207,005 7,348 48,994 263,347 Depreciation and impairment At 1 January 2024 5,021 603 15,511 21,135 Depreciation charged in the year 12,466 1,533 10,582 24,581 At 31 December 2024 17,487 2,136 26,093 45,716 Carrying amount At 31 December 2024 189,518 5,212 22,901 217,631 At 31 December 2023 159,579 4,865 29,667 194,111 9. Trade and other receivables 2024 2023 £ £ Other receivables 0 406 Rent deposit 21,125 21,125 Prepayment 1,114 1,018 22,239 22,549 10. Current liabilities 2024 2023 £ £ Tradepayables 6 498 Loan - Qard E Hasna 2,000 0 Director's current account 12 0 Accruals 0 2,000 2,018 2,498 |
8. Property, plant and equipment Leasehold Computer Office Total land and buildings equipment equipment Costs £ £ £ £ At 1 January 2024 164,600 5,468 45,178 215,246 Addition 42,405 1,880 3,816 48,101 At 31 December 2024 207,005 7,348 48,994 263,347 Depreciation and impairment At 1 January 2024 5,021 603 15,511 21,135 Depreciation charged in the year 12,466 1,533 10,582 24,581 At 31 December 2024 17,487 2,136 26,093 45,716 Carrying amount At 31 December 2024 189,518 5,212 22,901 217,631 At 31 December 2023 159,579 4,865 29,667 194,111 9. Trade and other receivables 2024 2023 £ £ Other receivables 0 406 Rent deposit 21,125 21,125 Prepayment 1,114 1,018 22,239 22,549 10. Current liabilities 2024 2023 £ £ Tradepayables 6 498 Loan - Qard E Hasna 2,000 0 Director's current account 12 0 Accruals 0 2,000 2,018 2,498 |
8. Property, plant and equipment Leasehold Computer Office Total land and buildings equipment equipment Costs £ £ £ £ At 1 January 2024 164,600 5,468 45,178 215,246 Addition 42,405 1,880 3,816 48,101 At 31 December 2024 207,005 7,348 48,994 263,347 Depreciation and impairment At 1 January 2024 5,021 603 15,511 21,135 Depreciation charged in the year 12,466 1,533 10,582 24,581 At 31 December 2024 17,487 2,136 26,093 45,716 Carrying amount At 31 December 2024 189,518 5,212 22,901 217,631 At 31 December 2023 159,579 4,865 29,667 194,111 9. Trade and other receivables 2024 2023 £ £ Other receivables 0 406 Rent deposit 21,125 21,125 Prepayment 1,114 1,018 22,239 22,549 10. Current liabilities 2024 2023 £ £ Tradepayables 6 498 Loan - Qard E Hasna 2,000 0 Director's current account 12 0 Accruals 0 2,000 2,018 2,498 |
|---|---|---|---|
| 207,005 | 7,348 48,994 263,347 |
||
| 5,021 12,466 |
603 15,511 21,135 1,533 10,582 24,581 |
||
| 17,487 | 2,136 26,093 45,716 |
||
| 189,518 | 5,212 22,901 217,631 |
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| 159,579 | 4,865 29,667 194,111 |
||
| 2024 £ 0 21,125 1,114 22,239 2024 £ 6 2,000 12 0 2,018 |
2023 £ 406 21,125 1,018 22,549 2023 £ 498 0 0 2,000 2,498 |
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DAR-AL-ARQAM (HOUSE OF ARQAM) TRUST
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2024 £ 810,000 810,000 |
2023 £ 870,000 |
|---|---|
| 870,000 |
12. Taxation
The company is a registered charity and is exempt from taxation under the provision of the Income and Corporation Taxes Act 1988.
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