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← Arab Innovation Network

2024-12-31-accounts

Trustees' Annual Report for the period

From

Period start date Period end date 1st Jan 2024 31st December 2024 To

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1155087

Arab Innovation Network

AIN

Charity's principal address Arab Innovation Network

Kemp House 152 City Road, London Postcode EC1V 2NX

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
Ghadir Siyam Chairperson
TariqSaeed Treasurer
Mohammed Atari Secretary

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

How the charity is constituted

Charity Incorporated Organisation

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

Additional governance issues (Optional information)

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

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:

Overview of Positions

  1. Board of Trustees

  2. relationship with any related parties;

  3. trustees’ consideration of major risks and the system and procedures to manage them.

  4. Coordinators

  5. Volunteers

Prerequisite for joining the AIN team

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

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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Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)		 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
Business School, DMZ Ryerson in Toronto, Canada, and other partners.
Students with financial hardship do not have to pay to attend the event,
as we work to secure funding by applying for various CSR (corporate
social responsibility) schemes and fundraising.
Finally, we encourage industry-relevant innovation, by working directly
with industrial partners to set challenges for youth to address. The AIN
challenge will help organisation realise its CSR in a worthwhile
investment in motivating youth to generate creative solutions to industrial
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:

Section D Achievements and performance

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Section D Achievements and performance

Throughout the year: Summary of the main achievements of the charity We remained active in social media and some of our student societies during the year 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 2025, 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 £12,798. 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.

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Not applicable.

Further financial review details (Optional information)

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

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 31.10.2025

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Arab Innovation Network Arab Innovation Network Arab Innovation Network Arab Innovation Network 1155087 1155087
Receipts andpayments accounts CC16a
For the period
from		 2024
1st January		 To 2024
31st December
Section A Receipts and payments
Unrestricted Restricted funds Endowment Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Sponsorship - - - - -
Online donations 5850 - - 5,850 223
Conference ticket sales - - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
~~Sub total~~~~(Gross income for~~ ~~(Gross income for~~ 5,850 -
5,850		 -
-		 - -
-		 - -
5,850		 223
A2 Asset and investment
-
-
-
-
-
-
-
-
-
~~Sub total~~-
-
-
- -
Total receipts
5,850
-
-
5,850
223
~~————~~
A3 Payments
Postal address - - - - - -
Conference venue - - - - 3,000
Conference travel 5 5,000 - - 5,000 -
Account audit - - - - - -
Stationary - - - -
Website - - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
-
-
-
-
-
Sub total 5,000
-
-
5,000
3,000
A4 Asset and investment
-
-
-
-
-
-
-
-
-
Sub total -
-
-
- -
Total payments
5,000
-
-
5,000
3,000
~~———~~
Net of receipts/(payments)
850
A5 Transfers between funds
A6 Cash funds last year end
11,848
Cash funds this year end
12,698
~~—S= ~~		 -
-
850
- 2,777
- -
-
-
- -
11,848
7,122
-
-
12,698
4,345
~~=====~~		 2,777
-
7,122
4,345
Section B Statement of assets and liabilities at the end of the period
~~ee~~
Categories Details Unrestricted Restricted funds Endowment
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash in Bank Account at end of 2024 12,698 - -
- - -
- - -
Total cash funds 12,698 - -

CCXX R1 accounts (SS)

31/10/2025

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Signed by one or two trustees on
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use		 Signature
Details
Details
Details
(agree balances with receipts and payments account(s))
Details		 OK
OK
Unrestricted
funds
Restricted funds
to nearest £
to nearest £
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-
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Fund to which asset
Cost(optional)
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Fund to which asset
Cost(optional)
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Fund to which
Amount due
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Tariq Saeed
Print Name
Ghadir Siyam		 OK
Endowment
funds
to nearest £
-
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Current value
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Current value
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When due
Date of approval
Tariq Saeed
31/10/2024
Ghadir Siyam 31/10/2024

CCXX R2 accounts (SS)

31/10/2025

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