2023-12-31-accounts - Arab Innovation Network

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Trustees' Annual Report for the period

Period start date Period end date 1st Jan 2023 31st December 2023

From

Section A Reference and administration details

Charity name

Arab Innovation Network

Other names charity is known by

AIN

Registered charity number (if any) 1155087

Charity's principal address 51 Old Oaks View

Barnsley

Postcode S70 3RN

Names of the charity trustees who manage the charity

Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 Ghadir Siyam Chairperson 2 Tariq Saeed Treasurer 3 Mohammed Atari Secretary 4 5 6 7 8 9 10 11 12 13 14 15 16

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution adopted 19[th] December 2013 Type of governing document

(eg. trust deed, constitution)

How the charity is constituted

Charity Incorporated Organisation

(eg. trust, association, company)

Trustees are selected based on performance as a voluntary coordinator, Trustee selection methods and are invited by the existing trustees.

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;

Values

Our five core values give us the principles that ensure we deliver our services in a way that is consistent with our philosophy. They are:

(1) Respect
(2) Excellence (3) One team (4) Courage
(5) Listening, learning and adapting

Overview of Positions

Board of Trustees
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.
Coordinators
Volunteers

Prerequisite for joining the AIN team Prerequisite for AIN family (Advisors, Trustees, Executives, Coordinators, and Volunteers):

Should not be politically associated with any organization.
Have an interest in advancing education in the Arab World.
Have experience and qualification to assist AIN in achieving its objectives.
Work to achieve objectives and have excellent communication skills.

Appointment of trustees, voluntary coordinators and volunteers

This section summarises the main stages in the recruitment process.

Trustees

(1) AIN identifies the need for new trustees. This may be because

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vacancies have arisen through resignations, or it may be that existing trustees have decided that one or more new trustees with specific skills are needed to help run the charity more effectively.

(2) The trustees agree what skills, experience and knowledge are needed, and write it down in the form of a short job description and person specification.

(3) The trustees agree responsibilities and a process for recruitment.

Finding potential voluntary coordinators and volunteers

(4) The trustees consider the best methods of attracting a diverse range of voluntary candidates with the skills the charity needs. This may include advertising in the local and/or specialist press and holding recruitment events.

(5) Short-listing and interviews take place against agreed criteria. Interviews are carried out by a small panel of trustees, and each candidate is asked similar questions to ensure a fair and objective approach. Notes are kept of each interview.

(6) Preferred candidates are identified and invited to join the team. Unsuccessful candidates are notified and thanked for their interest. Resignation of trustees

Trustees can choose to retire or they can be removed from the board of a charity, if there is good reason. Reasons for removal:

(1) Campaigning or be part of political activity that can directly or indirectly harm the charity. (2) The trustee does not contribute to achieving the objectives of the Charity.

Managing Finance

AIN as a registered charity in England and Wales must prepare an Annual Report and make it available on request.

(1) All transaction are made from/to AIN bank account and are filed by the treasurer. The Annual Report and accounts is filed online.

(2) At least two signatures are needed to make changes to the bank account

(3) Money transfers are made based on the receipt of an official invoice.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

THE CHARITY WORKS TO ADVANCE EDUCATION OF YOUNG PEOPLE THROUGH DEVELOPING THE INNOVATION AND ENTREPRENEURIAL SKILLS OF STUDENTS, PARTICULARLY BUT NOT EXCLUSIVELY IN DEVELOPING COUNTRIES, IN THE ARAB REGION.

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The trustees have had regard to the guidance issued by the Charity Commission on public benefit

We nurture innovation at a grassroots level. To meet this, we have helped students to set up branches on their university campus. A student of any university, regardless of region, can set up a branch and ask us for guidance on activities that will help foster their innovative skills. The next thing we do is celebrating innovation in the region. Each year we have a new set of volunteers organising the conference. They provide a fresh and creative approach and gain new skills regarding organisation and interacting with people, which is great for their own personal development. At the conference we host a student competition, inspirational talks and provide workshops. We do this by working with world leading institutions such as the University of Cambridge Judge Summary of the main Business School, DMZ Ryerson in Toronto, Canada, and other partners. activities undertaken for the Students with financial hardship do not have to pay to attend the event, public benefit in relation to as we work to secure funding by applying for various CSR (corporate these objects (include within social responsibility) schemes and fundraising. this section the statutory declaration that trustees have Finally, we encourage industry-relevant innovation, by working directly had regard to the guidance with industrial partners to set challenges for youth to address. The AIN issued by the Charity challenge will help organisation realise its CSR in a worthwhile Commission on public investment in motivating youth to generate creative solutions to industrial benefit) problems. This in return support youth in their transition from university to employment.

The organisation benefits the public in a number of ways: - we bring together people from very diverse backgrounds, regardless of religion or race, to share experiences and exchange knowledge pertaining to innovation and entrepreneurship. - we are helping the youth in these developing countries to focus their energies on gaining new skills and experiences that will directly benefit themselves, their families and their communities - the diversity of our team, partners and members provides cultural exchange - provide a unique transition for youth from university to employment, by working with partners to offer internships, networking opportunities, and training.

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Throughout the year:

We remained active in social media and some of our student societies hosted in person events, such as talks and workshops in health, environment and engineering. We also took part in international conferences as partners and provided judges to support competitions. We our planning our next in-person conference in 2024, subject to political stability in the region.

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Section E Financial review

At present we have available as unrestricted funds approximately Brief statement of the £12,698. This money will be used to contribute to our upcoming events. charity’s policy on reserves We aim to hold a minimum of £3000; at present we don’t have a policy on upper reserve limits.

Not applicable.

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Ghadir Siyam Full name(s) Tariq Saeed Chair Position (eg Secretary, Chair, Treasurer etc

Date 31.10.2024

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Arab Innovation Network	Arab Innovation Network		1155087
Receipts andpayments accounts					CC16a
For the period from	1st January 2023	To	2023 31st December

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted to the nearest £	Restricted funds to the nearest £	Endowment to the nearest £	Total funds to the nearest £	Last year to the nearest £
Sponsorship	-	-	-	-	7,600
Online donations	223.03	-	-	223	-
Conference ticket sales	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-
~~*Sub total~~~~(Gross income for*~~	223	-	-	223	7,600
				- - - 223
A2 Asset and investment
	-
	-				-
~~*Sub total*~~	-				-
*Total receipts* A3 Payments
					7,600

Postal address	-	-	-	-	-
Conference venue	3,000		-	3,000	-
Conference travel	-	-	-	-	-
Account audit	-	-	-	-	-
Stationary	-		-	-	97
Website	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	3,000	-	-	3,000	97
	- - - 3,000 - 2,777 14,625 11,848	- - - - - - - -	- - - - - - - -	- - - 3,000 - 2,777 - 14,625 11,848
A4 Asset and investment
	-				-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					97

		-	-	- 2,777	7,503
		-	-	-	-
	14,625	-	-	14,625	7,122
	11,848	-	-	11,848	14,625

Section B Statement of assets and liabilities at the end of the period

Cash in Bank Account at end of 2023 Details	Unrestricted to nearest £ 11,848 - -	Restricted funds to nearest £ - - -	Endowment to nearest £
Cash in Bank Account at end of 2023	11,848	-	-
	-	-	-
	-	-	-

CCXX R1 accounts (SS)

29/10/2024

(agree balances with receipts and payments account(s)) *Total cash funds* Details	11,848	11,848	-
			OK
			Endowment funds to nearest £
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
Details Signature Details Details	Fund to which asset Cost(optional) - - - - - Fund to which asset Cost(optional) - - - - - - - - - Fund to which Amount due - - - - - Ghadir Siyam Tariq Saeed Print Name		Current value
			-
			-
			-
			-
			-
			Current value
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due






			Date of approval
			31/10/2023
			31/10/2023

CCXX R2 accounts (SS)

29/10/2024