**1** ## **The Amir Khan Foundation Annual Report & Accounts** **31 December 2020** **www.amirkhanfoundation.com** PUBLISHED: 31 DECEMBER 2020 CHARITY NO. 1158078 **A K F A N N U A L R E P O R T 2 0 2 0 |** **2** ## **What’s inside** ## **Annual Report** |**What’s**
**inside**
**Annual Report**
**P O R T 2 0 2 0 |**|| |---|---| |**About Us**|**3**| |**Foreword**|**4**| |**Activity Overview**|**5**| |Emergency Response|| |- COVID-19 UK|6| |- COVID-19 Pakistan|9| |- Beirut Explosion|10| |Child Protection|11| |Winter Survival|12| |Gloves Community Centre|13| |Hardship Grants|13| |Fundraising Activity|13| |**Management**|| |New Leadership Team|15| |Rebranding|16| |**Income and Expenditure Summary**|**17**| |**Independent Examiner’s Report**|**18**| |**Statement of Financial Activities**|**19**| |**Balance Sheet**|**20**| |**Notes and Detailed Analysis of Income**|**21**| |**Statement of Cash Flows**|**26**| |**Detailed Statement of Financial Activities**|**27**| |**Reference and Administrative Details**|**28**| **A K F A N N U A L R E P O R T 2 0 2 0 |** A B O U T U S **3** ## **About Us** The Amir Khan Foundation was founded by two-time World Boxing Champion & Olympic Silver Medallist Amir Khan in 2014. Born and raised in Bolton, Greater Manchester, Khan’s dedication to philanthropy stems from his first-hand experience of seeing the struggle of disenfranchised communities of colour. The work of the foundation is driven forward by his deep desire to leverage his global platform to further humanitarian causes. Since its inception in 2014, the Amir Khan Foundation has responded to global emergencies and facilitated developmental projects across the world. The foundation exists to support individuals, families and communities globally; to offer relief and support during times of hardship, urgent need and upheaval. **A K F A N N U A L R E P O R T 2 0 2 0 |** **4** ## **Foreword** The Covid-19 crisis was undeniably an unsettling experience for us all, forcing the foundation to reschedule the launch of many outreach projects and partner visits. These unprecedented challenges encouraged us to revisit our plans for the year and provided an opportunity for us to reconnect on a more localised level, turn our focus inwards to an internal restructure of the organisation and persevere to ensure society’s most vulnerable were not left behind. Our priority was to reorganise and strengthen the foundation’s pre-existing structure whilst introducing an entirely fresh system and approach to our work. The restructure has prompted an exciting new partnership which will see the operations and management of the Amir Khan Foundation incubated and by One Family Global. With the UK facing its biggest national emergency in decades, the Amir Khan Foundation worked closely with grassroots organisations to establish the needs of the most vulnerable. Given the severity of the pandemic, we decided to focus our efforts on multiple emergency appeals to ensure the silent victims of the pandemic were not abandoned. This included the provision of food, medicine, shelter, oxygen cylinders, financial aid and much more on a domestic and international level. As Chairman, I felt a great sense of responsibility to ensuring mine and my family’s involvement in the foundation’s community projects; consequently, this year we committed to packing and distributing emergency care boxes and personally visiting the recipients of our aid. In what has been an extremely challenging year, we are proud of our achievements in breathing new life and purpose into the Amir Khan Foundation. There have been many hurdles and obvious disruptions caused by the Covid-19 pandemic, but with perseverance and unwavering dedication to the causes we support, we are confident that the foundation is in a far stronger and more prosperous position as we enter the next phase of operations. **Amir Khan** Chairman **4** **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | **5** ## **Activity Overview** **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | E M E R G E N C Y R E S P O N S E **6** ## **COVID-19 Response UK** As the world was torn apart in the wake of the Covid-19 pandemic, the world witnessed first-hand its brutal effects on frontline workers and society’s most vulnerable – including the elderly and those at-risk. The foundation was duty-bound to assemble the team and do its part to serve the public during this global emergency. Founder Amir Khan was determined to do all he could to alleviate the life-or-death pressures that so many families, frontline workers and the vulnerable were facing. The foundation partnered with One Family Global to produce 10,000 emergency care boxes for the UK’s NHS heroes. The care box provided a much-needed boost for hundreds of our exhausted hospital staff, and included an eye mask, socks, glucose tablets, energyboosting sweet treats and other refreshments. Products were donated by the likes of E45, SquashStix, Swish To Go, Candy Kittens and other major brands pledging their support. **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | E M E R G E N C Y R E S P O N S E **7** ## **COVID-19 Response UK** C O N T I N U E D . . . The Amir Khan Foundation organised volunteer drives to come together to pack the boxes and assist with the distribution to numerous hospitals and care homes across the UK. Care boxes were delivered to hospitals including Milton Keynes, St James’ in Leeds, Chelsea and Westminster, Darent Valley, Queen’s Hospital in Romford, St Thomas’, Homerton, Croydon and Northwick Park – two of London’s worst hit. **“I’M SO IMPRESSED WITH THE CONTENTS OF THESE CARE BOXES AND HOW CONSIDERED THE APPROACH TO EACH OF THESE ITEMS HAS BEEN. THEY ARE WONDERFUL!”** ## **LISA KNIGHT** CHIEF NURSE, NORTHWICK PARK HOSPITAL **“IT WAS SO LOVELY TO FINISH A 12.5 HOUR NIGHT SHIFT AND BE GIVEN ONE OF THESE LOVELY BOXES. THE BOX HAS SO MANY CUTE ESSENTIALS THAT WE ARE ALL APPRECIATING SO MUCH RIGHT NOW. THANK YOU SO MUCH FOR PUTTING A SMILE ON OUR FACES!”** ## **JAMIE** SISTER, QUEEN’S HOSPITAL ROMFORD **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | E M E R G E N C Y R E S P O N S E **8** ## **COVID-19 Response UK** C O N T I N U E D . . . **----- Start of picture text -----**
WORKING
TOGETHER
**----- End of picture text -----**
As the effects of the pandemic began to hit hard on vulnerable communities, Amir played a convening role, bringing together businesses, charities and community groups to reach vulnerable families with urgent food supplies, reaching across his network to overcome an unprecedented shortage of food supplies. The Amir Khan Foundation also facilitated a partnership with Poundland and Best Western Hotels to provide emergency relief to thousands of families across the UK who were struggling in the wake of the pandemic. The partnership with Poundland ensured the provision of food parcels including tinned goods, flour, bread, oil and other basic essentials were distributed to thousands of families each fortnight, meaning fewer people went hungry during the devastating crisis. Food parcels were distributed to families in five key locations across the country, including London, Bolton, Birmingham, Walsall and Peterborough. We also teamed up with Best Western Hotels to deliver hundreds of food parcels to Best Western Hotels where many of the homeless were being housed during the pandemic. **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | E M E R G E N C Y R E S P O N S E **9** ## **COVID-19 Response Pakistan** As part of its response to the Covid-19 crisis, the Amir Khan Foundation distributed 10,000 emergency food parcels to struggling families in Pakistan. A distribution centre was erected at the Amir Khan Academy in Islamabad, where there had been extreme food shortages. Each emergency food pack contained vital supplies, such as rice, flour, chickpeas, juice, water, powdered milk and bars of soap to help fulfil the basic necessities of the families in need. With the assistance of the Pakistani authorities and armed forces, the foundation’s distribution team targeted 25 hard-to-reach villages in four provinces to ensure even those in the most remote areas were not left behind. **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | E M E R G E N C Y R E S P O N S E **10** ## **Beirut Explosion** The shock explosion which ripped through Beirut, Lebanon on 4th August 2020, plunged the city into an unimaginable humanitarian crisis. The explosion killed 218, wounded over 7,000 - at least 150 of whom were left with a physical disability - damaged over 77,000 homes, and displaced over 300,000 people. Caused by the ignition of 2,700 tonnes of ammonium nitrate, the explosion wreaked up to $5 billion worth of damage, with buildings flattened and windows shattered for miles. Even prior to the blast, the so-called Paris of the East was mired in economic disaster and struggling to cope with the Covid-19 pandemic. The Amir Khan Foundation launched an emergency appeal in collaboration with Salam Charity, to provide emergency relief to victims, their families, and all those affected by the situation. The foundation provided short-term emergency relief and plan to follow this up with a visit to the city to assess the best way to move forward in offering long term support such as rebuilding homes, hospitals and schools, and to offer mental health and trauma support. **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | **11** ## **Child Protection** Compelled to ensure no other child suffers the same plight as Zohra, the foundation launched the ‘Zohra Shah Child Protection Fund’, which will provide a four-pronged approach to combatting child abuse and domestic exploitation. The fund’s objectives will be to provide support to victims and their families through financial aid and trauma therapy, while bringing perpetrators to justice through public campaigns. The fund will also build a network of grassroots organisations to lobby for legislative change, and financially support projects that protect vulnerable children from abuse. Eight-year-old Zohra Shah was an unpaid domestic worker, who was abused, tortured and eventually killed by a couple in Rawalpindi, Pakistan. She was taken to hospital with extreme injuries to her face, hands, torso and legs. She also had wounds on her thighs, which suggested she may have been sexually assaulted. Zohra died from the injuries she sustained. In October 2020, founder Amir Khan and trustee Faryal Makhdoom visited Islamabad to meet Zohra’s family and offer their condolences. Amir and Faryal personally supported the family with financial aid to cover their basic living costs and assisted them towards earning a sustainable income for the future, alongside pledging to provide Zohra’s four siblings with the education that she was so cruelly denied. The foundation took a significant step forward towards its long-term strategy, securing the support of international law firm Clyde & Co, who will be providing pro-bono legal support and guidance towards bringing change to child protection regulations — from a social, financial and legal perspective. **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | **12** ## **Winter Survival** Winter temperatures in Pakistan often fall to sub-zero, and with approximately 20 million people without access to adequate housing, urgent support was required. Launched in December, the Winter Survival Campaign ensured the survival of the most vulnerable during the tough winter months by providing essential winter survival kits to the poor. The kits included warm clothing, quilts and bedding, as well as cooking stoves and utensils, plus gas cylinders to power them. In addition, essential food supplies such as oil, vegetables and meat, and other food products with a long shelf-life were also included in the kits. The pandemic severely impacted national food supplies, particularly in Pakistan, whereby millions of people and communities endured the disastrous consequences of freezing temperatures, food insecurity, unemployment and a lack of adequate housing. Amir Khan visited Christian communities in Rawalpindi and Islamabad to distribute desperately-needed survival kits and emergency food packs. Amir also visited a number of orphanages, including the Disciples of Christ Church Ministries to meet the children and deliver the survival kits first-hand. **A K F A N N U A L R E P O R T 2 0 2 0 |** A C T I V I T Y O V E R V I E W | **13** ## **Gloves Community Centre** Our support for the Gloves Community Centre project in Bolton continues to uplift the local community through access to varied fitness, leisure and recreational activities. As well as providing heavily subsidised rates or free access to youth and adult boxing classes, the centre is also the training home for several current world champions and leading coaches, who extend their expertise and mentoring to centre users in order to uplift and inspire them. This work extends beyond fitness and has proven to provide members of the community with better mental health and a safe space for young people to channel their energies in a productive way. ## **Hardship Grants** The Board of Trustees reviews and assesses grant requests referred to the Amir Khan Foundation by trusted organisations and partners. Unsurprisingly, such requests this year were largely due to the impact of COVID-19 and the resulting lockdowns, where the foundation supported vulnerable individuals and families with basic necessities and the fulfilment of utility bills. ## **Fundraising Activity** Given the many unprecedented circumstances created by the global pandemic, much of our planned activity became unachievable. Due to low overheads, we were able to weather the storm and focused our fundraising efforts on digital campaigns. A temporary campaign donation page was successful, and alongside our JustGiving charity pages, became our most significant income stream. **A K F A N N U A L R E P O R T 2 0 2 0 |** M A N A G E M E N T **14** ## **Management** **A K F A N N U A L R E P O R T 2 0 2 0 |** M A N A G E M E N T **15** ## **New Leadership Team** ## **As part of the intensive restructure, it was necessary to expand the team to ensure greater efficiency in day-to-day operations, strategy optimisation and campaign management.** This year saw the appointment of a new Executive Director, who is responsible for creating a holistic strategic plan for the foundation and securing the foundation’s overall growth and success. It is the responsibility of the Executive Director to oversee all the individual avenues of the foundation, such as fundraising and marketing, and ensure they are working in line with the foundation’s macro plan. The foundation has also acquired a new Project Manager to direct the day-to-day operations, execute campaigns and lead on new partnerships in the UK and overseas. With an increase in demand, the foundation will ensure greater efficiency, including easier access to accounts, transaction tracking systems and full engagement with all relevant external bodies. This shall be made easier by the transfer of the foundation’s headquarters to London; thereby ensuring a greater geographical position from which the foundation can expand its reach even further. Currently based at Plexal, Europe’s largest innovation hub, the new location brings many great opportunities for future collaborations and partnerships, as well as a wider pool of volunteers. **A K F A N N U A L R E P O R T 2 0 2 0 |** M A N A G E M E N T **16** ## **Rebranding** In line with the restructure, the design team completed the process of a full rebrand, including new style guidelines which can be seen in many of the foundation’s online campaigns such as the child protection fund, food poverty campaigns and the Beirut explosion emergency fund. The creation of a new logo amplifies the founder’s personal brand; it is bold and on-trend, and has been adapted for use across a range of channels. The next stage of our rebranding process will see the launch of a new website, which will better communicate our work and campaigns to our existing supporters, as well as helping us reach new audiences. B E F O R E A F T E R **17** ## **Income and Expenditure Summary** **----- Start of picture text -----**
DONATIONS RAISING FUNDS:
& LEGACIES: £7,772 (9.5%)
£154,849 (100%)
INCOME EXPENDITURE
CHARITABLE
ACTIVITIES:
FUNDS CARRIED FORWARD 2019: £81,566 (90.5%)
£340 (0%)
**----- End of picture text -----**
**----- Start of picture text -----**
HARDSHIP FUND:
£3,647.86 (4%)
AK ACADEMY:
£11,868.14 (14%)
CHARITABLE
SPEND
FOOD POVERTY
PAKISTAN: FOOD POVERTY UK
£20,000 (25%) £46,050 (56%)
**----- End of picture text -----**
**18** ## **The Amir Khan Foundation** ## **Report and Accounts** ## **Independent Examiner’s Report to the trustees of The Amir Khan Foundation** - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with those records; or I report to the trustees on my examination of the accounts of The Amir Khan Foundation for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. - 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. 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. Signed:- ## **Independent examiner’s statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect: ## **Waqas Imtiaz Khan (FCCA) -** Chartered Certified Accountants S.Asghar & Co 85 Station Road Harrow London HA2 7SW 07 March 2022 **19** ## **Statement of Financial Activities for the year ended 31 December 2020** ||**Notes**|**Unrestricted**
**funds**|**Total**
**Funds**|**Total**
**Funds**| |---|---|---|---|---| |||2020|2020|2019| |||£|£|£| |**Income & Endowments from:**||||| |||||| |Donations and legacies|3|154,849|154,849|73,312| |||154,849|154,849|73,312| |**Total**||||| |||||| |**Expenditure on:**||||| |||||| |Charitable activities|4|81,566|81,566|133,425| |Other|5|7,772|7,772|22,922| |||||| |**Total**||89,338
-|89,338
-|156,347
-| |||||| |Netgains on investments||||| |**Net income/(expenditure)**||65,511
-|65,511
-|(83,035)
-| |Transfers between funds||||| |||||| |**Net income/(expenditure)**
**before othergains/(losses)**||65,511|65,511|(83,035)| |||||| |**Othergains and losses**||||| |||||| |**Net movement in funds**||65,511
340|65,511
340|(83,035)
83,375| |||||| |**Reconciliation of funds:**||||| |||||| |Total funds brought forward||||| |||||| |**Total funds brought forward**||65,851|65,851|340| **20** ## **Balance Sheet at 31 December 2020** |**Balance Sheet at 31 December 2020**|||||| |---|---|---|---|---|---| ||**Notes**||**2020**||**2019**| ||||£||£| |**Current assets**|||||| |Cash at bank and in hand|||119,383||52,072| ||||119,383||52,072| |**Creditors:**Amount fallingdue within oneyear|7||(53,532)||(51,732)| |**Net current assets**|||65,851||340| |**Total assets less current liabilities**|||65,851||340| |**Net assets excluding pension asset or liability**|||65,851||340| |**Total net assets**|||||| |**Net current assets**|||65,851||340| ||||||| |**The funds of the charity**|||||| |**Restricted funds**|8||||| |**Unrestricted funds**|8||||| |General funds|||65,851||340| ||||65,851||340| |**Reserves**|8||||| |**Total funds**|||65,851||340| Approved by the trustees on 07 March 2022 And signed on their behalf by: Amir Khan Chairman and Trustee 07 March 2022 **21** ## **Notes to the Accounts for the year ended 31 December 2020** ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## _Income with related expenditure_ Where income has related expenditure the income and related expenditure is reported gross in the SoFA. ## _Donations and legacies_ Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income. ## _Tax reclaims on donations and gifts Donated services and facilities_ ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** ## _Unrestricted funds_ These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. ## _Volunteer help_ The value of any volunteer help received is not included in the accounts. ## _Investment income_ ## _Designated funds_ This is included in the accounts when receivable. These are unrestricted funds earmarked by the trustees for particular purposes. ## _Revaluation funds_ These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. ## _Restricted funds_ These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** ## _Recognition of income_ Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. ## _Gains/(losses) on revaluation of fixed assets_ This includes any gain or loss resulting from revaluing investments to market value at the end of the year. ## _Gains/(losses) on investment assets_ This includes any gain or loss on the sale of investments. ## **Expenditure** ## _Recognition of expenditure_ Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. ## _Expenditure on raising funds_ These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. **22** ## _Expenditure on charitable activities_ These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs. ## _Grants payable_ All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. ## _Governance costs_ These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. ## _Other expenditure_ These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company’s cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity’s policy on borrowing costs. **23** Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## **2 Statement of Financial Activities - prior year** ||**Unrestricted**
**funds**
**2019**|**Total**
**funds**
**2019**| |---|---|---| ||£|£| |**Income and endowments from:**||| |Donations and legacies|73,312|73,312| |**Total**|73,312|73,312| |**Expenditure on:**||| |Charitable activities|133,425
22,922|133,425
22,922| |Other||| |**Total**|156,347|156,347| |**Net income**|(83,035)|(83,035)| |**Net income before othergains/(losses)**|(83,035)|(83,035)| |**Othergains and losses:**||| |**Net movement in funds**|(83,035)|(83,035)| |||| |Total funds brought forward|83,375|83,375| |**Total funds carried forward**|340|340| **24** ## **3 Income from donations and legacies** ||**Unrestricted**|**Total 2020**|**Total 2019**| |---|---|---|---| ||£|£|£| ||154,849|154,849|73,312| ||||| ||154,849|154,849|73,312| ## **4 Expenditure on charitable activities** |Expenditure on charitable activities|**Unrestricted**|**Total 2020**|**Total 2019**| |---|---|---|---| ||£|£|£| |Governance costs|81,566|81,566|133,425| ||||| ||81,566|81,566|133,425| ## **5 Other expenditure** |**5 Other expenditure**|||| |---|---|---|---| ||**Unrestricted**|**Total 2020**|**Total 2019**| ||£|£|£| |Employee costs|4,383|4,383|11,900| |Motor and travel costs|32|32|3,884| |General administrative costs|1,557|1,557|1,318| |Legal andprofessional costs|1,800|1,800|5,820| ||7,772|7,772|22,922| ## **6 Staff costs** |**6 Staff costs**|||| |---|---|---|---| |Salaries and wages|4,383||11,900| ||4,383||11,900| No employee received emoluments in excess of £60,000. **25** ## **7 Creditors** |**7 Creditors**||| |---|---|---| |Amounts fallingdue within oneyear|**2020**|**2019**| ||£|£| |Trade creditors|3,039|3,039| |Other creditors|2,418|2,418| |Accruals and deferred income|48,075|46,275| ||53,532|51,732| ## **8 Movement in funds** |**8 Movement in funds**||||| |---|---|---|---|---| ||**At 1 Jan**
**2020**|**Incoming**
**resources**
**(including**
**other gains/**
**losses)**|**Resources**
**expended**|**At 31 Dec**
**2020**| |||£|£|£| |**Restricted funds:**||||| |**Unrestricted funds: General funds**|340|154,849|(89,338)|65,851| |**Revaluation Reserves:**||||| |**Total funds**|340|154,849|(89,338)|65,851| ## **9 Analysis of net assets between funds** |Amounts falling due within one year|**Unrestricted**
**funds**|**Total**| |---|---|---| ||£|£| |Net current assets|65,851|65,851| ||65,851|65,851| ## **10 Reconciliation of net debt** |**10 Reconciliation of net debt**|||| |---|---|---|---| ||**At 1 Jan**
**2020**|**Cash flows**|**At 31 Dec**
**2020**| |||£|£| |Cash and cash equivalents|52,072|67,311|119,383| ||52,072|67,311|119,383| |Net debt|52,072|67,311|119,383| **26** ## **Statement of Cash flows for the year ended 31 December 2020** |**Statement of Cash flows for the**
**year ended 31 December 2020**||||| |---|---|---|---|---| |||**2020**||**2019**| |||£||£| |**Cash flows from operating activities**||||| |**Net income/(expenditure) per Statement of Financial**
**Activities**||65,511||(83,035)| |**Adjustments for:**||||| |Increase in trade and otherpayables||1,800||42| |**Net cashprovided by/(used in) operating activities**||67,311||(82,993)| |**Net cash from investing activities**||-||-| |||||| |**Net cash from financing activities**||-||-| |||||| |**Net increase/(decrease) in cash and cash equivalents**||67,311||(82,993)| |**Cash and cash equivalents at the beginning of**
**theyear**||52,072||135,066| |**Cash and cash equivalents at the end of theyear**||119,383||52,073| |||||| |**Components of cash and cash equivalents**||||| |Cash and bank balances||119,383||52,072| |||||| |||119,383||52,072| **27** ## **Detailed Statement of Financial Activities for the year ended 31 December 2020** |||**Unrestricted**
**funds**|**Total**
**Funds**|**Total**
**Funds**| |---|---|---|---|---| |||2020|2020|2019| |||£|£|£| |**Income and endowments from:**||||| |Donations and legacies||154,849|154,849|73,312| |||154,849|154,849|73,312| |**Total income and endowments**||154,849|154,849|73,312| |**Expenditure on:**||||| |Charitable activities||81,566|81,566|133,425| |||81,566|81,566|133,425| |**Total of expenditure on charitable activities**||81,566|81,566|133,425| |Employee costs||||| |Salaries/wages||4,383|4,383|11,900| |||4,383|4,383|11,900| |Motor and travel costs||||| |Travel and subsistence||32|32|3,884| |||32|32|3,884| |General administrative costs,
includingdepreciation and amortisation||||| |Bank charges||442|442|792| |General insurances||247|247|-| |Subscriptions||445|445|-| |Sundryexpenses||423|423|526| |||1,557|1,557|1,318| |Legal andprofessional costs||||| |Audit/Independent examination fees||1,800
-|1,800
-|960
4,860| |Other legal andprofessional costs||||| |||1,800|1,800|5,820| |**Total of expenditure of other costs**||7,772
89,338
-|7,772
89,338
-|22,922
156,347
-| |**Total expenditure**||||| |Netgains on investments||||| |**Net income/(expenditure)**||65,511|65,511|(83,035)| |**Net income/(expenditure) before other gains/(losses)**||65,511|65,511|(83,035)| |Other Gains||-|-|-| |**Net movement in funds**||65,511|65,511|(83,035)| |**Reconciliation of funds:**||||| |Total funds brought forward||340|340|83,375| |**Total funds carried forward**||65,851|65,851|340| **28** ## **Reference and Administrative Details** The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020. ## **Principal Office** Premier House Prince Street Bolton Lancashire BL1 2NP ## **Trustees** The following Trustees served during the year: Amir Khan Faryal Khan Shakeel Ahmed ## **Accountants** S.Asghar & Co Chartered Certified Accountants 85 Station Road Harrow London HA2 7SW ## **Bankers** The Royal Bank of Scotland Bolton Group Branch 46 -48 Deansgate Bolton Lancashire BL1 1BH Charity No. 1158078 ## **www.amirkhanfoundation.com** PUBLISHED: 31 DECEMBER 2020 CHARITY NO. 1158078