REGISTERED CHARITY NUMBER: 1143991 Report of the Trustees and Unaudlted Flnancial Statsments for the Year Ended 5 Aprll 2024 Tho Amar Famlly Charilable Trust Cooper Pary Advls(ry Llmiled 178 Buckingham Avenue Slough Berkshir8 SL14RD
The Amar Family Charitablo Trust Contents of the Flnanclal Statements for the year ended 5 April 2024 Page Report of thg Trustees 1 to 2 Independent Examlnorfs Report statgmgnt of Financial A¢tlvities Balance Sheat Nol88 to thè Flnanelal Stalèmgnts Datall•d Statèmonl of Flnanclal Activities
The Amar Famlly Charflable Trust Report of the Trustees for the year ended 5 Aprll 2024 Tha truslaes present Iheir repori with the financial statements of Ihe charity for the year ended 5 April 2024. Th8 trustees have adopted the provisions ol Accounting and Reporting by Charilies: Slatement of Recornmended PraGllce applicable to chariligs proparing their accounts in accordance wilh Ihe Financial Reporting Stsndard applicable in the UK and Rapublic of Ir81and (FRS 102) (effective 1 January 2019}. Objectives and activitles The objective of the Irusl is to apply Ihe Gapilal and income of the trust fund lor 8xduslvèly charitable purpos8s as the tNstees In their absolute discrellon think fit. The policies adopted by the twslees in achi8vlng th8s0 alms are lo make granls to sultable organisalions. themselves charitable in nature. Public Bonoflt The trustees havo complied with section 17{5) of the 2011 Charilles Acl, h8vlng due regard for the Chartty CommSssion's guidanc8 on publlc benefit when rgvlewlng the charitls alms and oblectlves, when Setllng the grant m8klng pollcy and in making awards. Grant rnaking pollcy The Iruste8s conslder all grant applications on an Indfvldual basis and will make donallons to approved applications, when funds are avallablg. Achlevement and perfomianco During Ihe y88r 42 granis lotalling £279,250 were approved compared wilh 37 granls lotalllng £247.250 in the previou8 year. The Iruslees conslder that Ihese repTesenl an approprlale exercise of their disGrelionary powers. Flnanclal review The trust is reliant on donatlons lo provide funds to cover grants and admlnlstratlon costs. Investment pollcy and performan¢e There are no restrictions on the trustees. power lo inv88t, however In vlew of tho current value of tru8t assgts and Ihelr 1Squidity requlrem8nls, the trustees consider the current cash holding to be apposite. Future plans The trustees have no Immediate plans to change any of the o14'ects. aclivilios or policles d88cribed above. Structure* govornance and managemont The trust is an unlncorporated body. consliluted under a trust d88d dated 6 June 2011 and is a rggl818red ch9rlty, numberod 1143991. The Irusl was eslabllshed by an initial gift from Henry Amar. Th8 Irust does not actively fundralse and malntsins a careful slawardship of ils existing resources. The trust deed provides for a minlmum of Ihre8 Iruslees. The power of appolnllng naw or additional trustees is exerclsable by the Irusloes. The trustees meo1 at such interv815 as they conslder approprialo. The charity has no full lime or part lime employees or volunteers ts) asslst In the running of the charity; the daily admlnislralion being carfied out by the truslees Ihemselvos. Rlsk managoment The trustees have revl8w8d the major dsks that impad on the work ot the trust. The 8yslems that have been eslabllshed enable the tru51e85 lo revlew and lake necessary steps lo lessen these sk$. Referencè and admlnlstratlve detalls Roglstered Charity numbar 1143991 Prlnclpal address clo Flat 5 3 Belgrave Place London SW1X 8BU Page 1
The Arnar Family Charitable Trust Report of the Trustees for the year ended 5 April 2024 Trustéès HRAmar RESAmar JHAmar Mrs R Amar Independent Examlner Cooper Parry Advisory Limited 178 Bucklngham Avenue Slough Berkshire SL14RO Statement of trustees. respon$lbllltles The Iruslee5 are responsible lor prepanng the Truslees. Report and Ihe accounts In accordance wlth applicable law and United Kingdom Accounting Standards (United lQngdom Gen8ralty Accepted Accounting Piacflce). The law applicable to charllies In England and Wales requlres the trustees to prepare accounts for each financlal year whlch glve a true and fair view of the slate of affairs of Ihe charity and of the incoming resources and the applicallon of resources of Ihg charity for that yèar. In preparfng ihos6 accounts, th6 tNsloe$ 3r6 r&qulr6d lo., select suitable accounling policies and then apply Ihem consistenuy. observo the mèthods and prlnclples In tho appllcable Charitles SORP: make judgemenls and eslimales that are reasonabl8 and PTudenl- - 81al& whether applicable accounting standards have been followed, subie¢l lo any material departure8 disclosed and explained In the financial slalemenls,. and prepare th8 accounts on the golng concern basis unless It Is Inapproprlato to Psume that tho charfly wlll contlnue In operation. Th8 truste8s are responslble for keeplng sufficlenl accounllng records that dlsclose wllh reasonable accuracy al any lime the financial position of the charity and enab18 Ihem lo ensure that the accounts cotnply wlh th8 Chariti85 AGI 2011, Ihe Charlty (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguardlng the assets ol the charfly and hence for taklng re8son8ble steps for Ihe prevanllon and d818ction of fraud and olh8r Irregularities. Approved by order of the board of Iru8tees on . and signed on ils behalf by.. H R Amar- Trustee Page 2
Independent Examinevs Report to thè Trustees of The Amar Family Charilable Trust I report to Ihe chaty twst8es on my examlnation of th8 acuntS of The Amar Family Charitable Trust {Ihe Trusll for the year end 5 April 2024. This report is made solely lo the charlty's trustees. as a body. in accdance with seclion 144. of Ihe Charities Act 2011 and Regulations made under Section 154 of that ACL Our audlt work has b88n undertaken so that we might slal8 lo the charity's Irusle95 those maiters we are required to slate to Ihgm In an auditors, report and for no other purpose. To th& fullest extent pemiilled by law, w8 do no accept or assume responsibility to anyone other than the chartly and the charivs trustee5 as a body, for our audil work, for thls report, or for the oplnions we have formed. Rosponslbllltles and basls of report A5 the ch8ri1y Iruslees of the Trusl you ar8 responsible for the preparation of tha account3 in accordancg with the requirements of the Charities Act 2011 ('Ihè Act,). I r8POrt in respect of my examlnallon of the Trust's accounts carried out undér Secllon 145 of the Act and in carrying oul my examlnatlon I have followed all applicable direcllons glven by the Charity Commlsslon under Sectlonl5)(bl of th8 Act. Ind9p¢nd•nt èxamlnor's statement I have completed my examination. I confirm that no m81erlal matters have come to my 8llenlion in connection with the examlnalion giwng me cause to bèlieve Ihal In any materi81 respect.. accounllng records were nol kopl Sn respect of the Trust as requlred by Secllon 130 of the Acl., or the account5 do not accord with Ihose r&cords,' or the accounts do not comply with the appllcable requirements concemlng th8 form and conlenl of accounts set oul Ihe charilies {Accounts and Reports) Regulations 2008 other than any requiramenl that the accounts glve a true and fair vlew whlch Is not a matter conslder8d as a part of an Independont examlnatlon. I have no concems and have come across no other matters In connectlon wllh the exgmlnallon to whlth attentlon Should b8 drawn in Ihls report In order to enabl8 a proper understanding of tho accounts lo bg reachgd. Jonathan ghton Cooper Parry Advisory Llmlled 178 Bucklngham Avenue Slough Berkshire SL14RD 16 2dLI Page 3
The Amar Famlly Charltable Trust Slatement of Flnanclal A¢tlvlties for the year ended 5 ApTiI 2024 2024 Unrestricted fund 2023 Total funds Notes Income and endowments from Donations and legacies 266.311 250,000 Expendlture on Charitable activttles Charitable activities 279,273 246,072 NET INCOMEIIEXPENDITURE) (12,962) 3,928 Reconclllation of funds Total funds brought forward 32,217 28,289 Total funds carrlod forward 19,255 32.217 Tho notos fomi part of these finan(aal slatements Page 4
The Amar Famlly Charltablo Trust Balance Sheet 5 Aprll 2024 2024 Unrestrlcted fund 2023 Total funds Notes Current assets Cash in hand 19,255 32.217 Net current assets 19.255 32.217 Total a$set$ less current Ilabllltles 19,255 32.217 NET ASSETS 19.255 32,217 Funds Unrestricted funds 19,255 32,217 Total funds 19,255 32,217 The financlal slatements were approved by the Board of Trusiees and authorlsed for Issue on 14.:P44ofi - and were slgned on its behalf by.. ¢ tLtsJ H R Amar- Truslea The notes form part of these financial staiements Page 5
The Amar FamSly Charltable Trust Notes to Ihe Flnan¢lal Slal¢ments for thè year ènded S Aprll 2024 Accountlng pollcles Basis of preparlng the financial siatements The financlal statements of the charity, which is a publlc benefil entlty under FRS 102, have been prepared in accordanca with th8 Charities SORP {FRS 102) 'Ac(xJunling and Reporting by Chatslie5, Statomenl of Recommended Practice applicabl8 to charilies preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffectsve 1 January 20191,, Financial Reporling Standard 102 Tre Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the hlstOTlcal cost nvanllon. Income All income is recognised in the Statement of Financial Activities once fhe charity has enlitlemenl lo the funds, 11 Is probable thal the Income will be iec8ived and the amount can be measured reliably. Repayments of tax und8r th8 Glft Ald schem8 aro recognlsed when recelvod. Expendlture Liabilities are recognised as expendllure as soon as there is a legal or construclive obligation commltilng the charSty lo that expenditure. Expendilure is accounted for on an a¢¢ruals basis and has been classlflad under headings that aggregate all cost ielalgd lo th8 ¢a19gory. Grants payable are payments made lo third partles in the furiherance of the charflable objecllves of the Irusl. The grants ar6 accounled for wher6 ellher Ihe Irusle65 have agreed to pay the grant wllhoul condition and the reclplenl has a reasonab18 expectallon that they will receiv8 a granl, or any condillon attachlng to tho grant Is outside the control of the Irusl. Taxatlon Th8 ch8rfly Is exempl from tax on Its charll8ble actlvlllas. Fund a¢countSng All funds are unreststcled and can be used In accoidance with the charllable oblecllves al the discretion of tha truslees. Donatlons and legacles 2024 2023 Donations Glft aid 251,250 15,061 235,000 15.000 266.311 250,000 Exp8ndltura on charltabl8 actlvlll89 2024 2023 Grants paid {see note 51 Governance cosls 279.250 23 247,250 (1.178) £279,273 246.072 The fges for the accounts preparation are inojrred and paid by R.H Amar & Co Limited, on behalf of the charity. Page 6
The Amar Famlly Charltable Trust Detalled Statement of Financial Activities for the year ended 5 Aprll 2024 2024 2023 Incom& and èndowments Donatlon$ and lega¢les Donalions Gift aid 251.250 15,061 235,000 15,000 266.311 250,000 Total Incomlng resources 266,311 250,000 Expondltura Charltablè actlvltl&s Grants to Inslltullons 279,250 247,250 Support costs Governance costs Accountancy and legal lees Bank interest {1.200) 22 23 23 11,1781 Tot81 resources exp8nded 279,273 246,072 Net lexpendllure)lincome 112.962) 3.928 This page does not form part of th8 slatulory financial slalements Page 9