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2021-12-31-accounts

The Amir Khan Foundation Annual Report & Accounts

31 December 2021

www.amirkhanfoundation.com

PUBLISHED: 31 DECEMBER 2022

CHARITY NO. 1158078

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What’s inside

Annual Report

|What’s
inside
Annual Report
P O R T 2 0 2 1 - 2 0 2 2 ||| |---|---| |About Us|3| |Foreword|4| |Activity Overview|6| |Emergency Support: India|8| |- Same Voices Unite|9| |Food Poverty: Pakistan|11| |Food Poverty: UK|14| |Lots for Life|15| |Amir Khan Academy|18| |Hardship Grants|19| |Fundraising Activity|19| |Child Protection|19| |Income and Expenditure Summary|21| |Independent Examiner’s Report|21| |Statement of Financial Activities|22| |Balance Sheet|23| |Notes and Detailed Analysis of Income|24| |Statement of Cash Flows|29| |Detailed Statement of Financial Activities|29| |Reference and Administrative Details|31|

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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.

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Foreword

One of the main priorities for the foundation this year, was to continue our undertaking to ensure the silent victims of not only the Covid-19 crisis, but of inequality and circumstance, went neither forgotten nor abandoned. Last years internal restructure and rebranding, ensured the foundation was in an opportune position to persevere and ensure society’s most vulnerable were not left behind.

We began the year by furthering our support to those on our own doorstep by launching a UK-based food poverty campaign supporting millions of individuals and families who had fallen below the poverty line and couldn’t afford to eat. We extended the project to Pakistan and launched mobile food banks across four different regions to reach those in the most remote areas. We took our digital fundraising campaign to the next level with our Lots for Life auction, which helped raise funds for those suffering from food poverty across the UK. I was delighted to be able to raise greater awareness for the campaign by profiling the creation of the auction’s showpiece item, the Olympic King by artist San B, in my new TV show, BBC’s Meet the Khans, which was broadcast on live terrestrial television, as well as available for catch up on BBC iPlayer.

This year we continued to work towards the provision of hardship grants, the development of our community work surrounding the Amir Khan Academy and lobbying for policy change to child protection laws in Pakistan. We also launched an emergency campaign to alleviate the suffering caused by the Covid-19 crisis in India – partnering with

Dasra and their network of grassroots organisations on the ground to ensure our support was provided over multiple fronts, including short-term and longterm relief.

As a British-Pakistani, I felt a great sense of responsibility to ensure those in both countries, which have afforded me so much love and respect over the span of my career, are supported during one of the most testing times in history. The incubation of the foundation by One Family and our internal restructure has allowed us to be in a far better position to continue to deal with emergency situations across the world. Within the space of only one year we have launched new campaigns, domestic and international, providing both short and long term support to those most in need. We are coming out of the Covid-19 crisis stronger than ever before and I am eager to awaken the humanity and empathy that lies within us all. It is my duty as Chairman to persevere during the toughest of times and I am confident that the foundation is in a far stronger position as we embark on a new and more prosperous journey of distributing emergency aid, encouraging policy change and spreading as much positive change as possible.

Amir Khan Chairman

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pou*INri FOOD POVERTY PAKISTAN- RAWALPINDI, PAKISTAN

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Activity Overview

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FOOD POVERTY PAKISTAN - KHYBER PAKHTUNKHWA, PAKISTAN
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Emergency Support: India

Covid-19 crisis

As the world shut down in the wake of the Covid-19 pandemic, the world witnessed first-hand the sheer brutality not only of the virus, but of unemployment, homelessness and isolation. 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.

Following the foundation’s national rollout of 10,000 emergency care boxes for frontline NHS staff, the emergency campaign was launched internationally, in India. The second-most populous country in the world saw Covid-19 cases reach a

peak of 34.8 million infections. The country suffered a severe shortage of medical supplies, oxygen tanks and hospital beds leading to one person dying every four minutes in New Delhi in April.

The Amir Khan Foundation partnered with Mumbai-based NGO network Dasra to identify five partner organisations on the ground who were working tirelessly to provide critical relief. The partner organisations – Swasti, SaveLIFE Foundation, Aajeevika Bureau, Swasth Foundation and Goonj – offer support across Bangalore, Delhi, Gujurat, Maharashtra and Mumbai to provide oxygen concentrators for hospitals; testing communities for comorbidities; providing support to migrant communities; and delivering food and healthcare.

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Same Voices Unite

West End stars from theatre productions such as Bend it Like Beckham,

Everybody’s Talking About Jamie, & Juliet, Aladdin and Prince of Egypt came together to launch a project entitled, ‘Same Voices Unite’. Directed by Irvine Iqbal, performers recorded the song ‘It Means Beautiful’ to raise awareness around the devastation in India following the second-wave of Covid-19 infections.

“We have a duty as a community to raise awareness about this issue before it’s too late”.

Irvine Iqbal, Director

All funds raised to provide life-saving care to those in India was match-funded, ensuring every pound that was donated would be matched by Dasra’s network of private donors, enabling the foundation to help even more people on the ground.

Founder Amir Khan worked relentlessly to increase awareness of the crisis in India by appearing on major news outlets such as Sky News and BBC’s Good Morning Britain.

•) EMERGENCY SUPPORT INDIA

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Food Poverty: Pakistan

For vulnerable communities, food scarcity can wield catastrophic consequences but the global Covid-19 crisis has made things so much worse. Millions in Pakistan are having to decide between feeding their families or keeping their houses running with fuel. It is estimated that 40% of Pakistan’s 200 million population are expected to have fallen below the poverty line due to Covid-19. These are not simply statistics, these are men, women and children who are in desperate need of support in the fight against food poverty.

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Almost half of all children in Pakistan are
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Almost half of all children in Pakistan are said to be at risk of malnutrition, with 66% of the population being under 30, this means millions and millions are currently malnourished. Founder Amir Khan and his team set up mobile food banks, operating across four major regions in Pakistan – Punjab, Azad Jammu and Kashmir, Khyber Pakhtunkhwa and Sindh – to ensure that substantial food supplies are reaching those most in need.

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Muzaffarabad
Upper Dir
Abbottabad
Mansehra
Bhara Kahu
Rawalpindi
Ahdi
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Each food pack contains essential food supplies, including flour, rice, oil, salt, sugar and lentils, alongside other food products that maintain a long shelf life. The foundation also provided essential winter kits to the most vulnerable to support them through the volatile winter months. These kits include warm clothing, quilts, bedding, as well as cooking stoves and utensils, plus the gas cylinders required to power them. The distribution supported over 11,000 people with monthly provisions to ensure their survival.

The region of Azad Jammu and Kashmir has an infant mortality rate of 58 per 1000 and approximately 39% of children under the age of 5 are suffering from stunted growth. In addition to this, Khyber Pakhtunkhwa maintains an appalling 48.3% of young children suffering from malnutrition. The foundation has reached the most remote areas of Pakistan, often having to leave their vehicles behind and continue the journey on foot as the terrain is so rocky.

With this ongoing campaign, the Amir Khan Foundation’s goal is to ensure that no family is left hungry and no child is left malnourished.

13 FOOD POVERTY UK- FARESHARE

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Food Poverty: UK

Millions of people in the UK are without food, while tonnes of perfectly good food is being discarded by restaurants and companies each day. It is estimated that over 3.6 million tonnes of food is wasted by the food industry every year in the UK – over 1.3 billion meals could be provided to the most vulnerable from this waste.

Good food should not be going to waste when more than 8.4 million people in the UK are struggling to afford to eat – that is equivalent to the entire population of London. The Amir Khan Foundation has partnered with the UK’s largest food redistribution charity fighting food poverty and waste, Fareshare. Through this partnership, the foundation has helped to support nearly 1 million people every week through a vast network of charity partners, regional centres and frontline organisations across 1,900 towns and cities across the UK.

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Lots for Life

Founder Amir Khan identified the opportunity to do more, and called upon his vast network to launch the ‘Lots for Life’ auction. The auction formed part of the foundation’s wider

campaign to support millions of vulnerable individuals and families who are either homeless, or barely surviving on extremely low incomes. The auction ran online for one week and saw an impressive collection of one-off lots go under the virtual hammer. These unique pieces included one-off celebrity merchandise and bespoke

experiences, including singer Craig David’s personalised and signed shoes, Tommy Fury’s signed boxing gloves and a two-hour training session with two-time World boxing champion Amir Khan himself.

The auction raised almost £50,000 to support people in the UK who are struggling to afford to eat, especially after the pandemic which has made life very difficult for many. The Amir Khan Foundation is determined to keep striving to ensure vulnerable families are provided with support to cope with the gruelling effects of the Covid-19 and food poverty crisis.

Exclusive lots donated by:

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C H E F A T U L
F A R Y A L
A M I R K H A N C R A I G D A V I D K O C H H A R
M A K H D O O M
- V A A S U
E T I E N N E G O R D O N M I C H E L
T O M M Y F U R Y
S T O T T R A M S A Y R O U X J N R
S I R G E O F F D A V I D S U G A R R A Y
B E N P U R T O N
H U R S T H A Y E L E A N O R D
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Meet The Khans

Offering an exclusive insight into the lives of two-time world champion boxer and founder of the foundation, Amir Khan and his wife, Faryal Makhdoom, the BBC3 hit series shows the duo juggling marriage, parenthood and their careers. The show also profiled the foundation’s Food Poverty UK campaign, which successfully raised tens of thousands of pounds to millions of viewers highlighting the essential work to help stop food waste.

Olympic King

The show followed the journey of Art by San B’s piece entitled, Olympic King. A one of a kind work of art made with over 40,000 authentic Swarovski crystals, Olympic King sold at auction for £25,000, raising lifesaving funds for those suffering from food poverty across the UK.

FO FOOD POVERTY PAKISTAN - UPPER DIR, PAKISTAN 4.

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Amir Khan Academy

The foundation is exploring the wider structure of the Amir Khan Academy - with sites in Bolton, Peterborough, Islamabad and across the UAE - it serves hundreds of young people within these communities. Fully DBS checked and qualified instructors provide boxing classes as well as classroom learning activities and wider access to educational programmes.

The work carried out by the Academy has been widely supported by the Amir Khan Foundation as it extends beyond fitness and sport: the academy aims to provide young people with a safe space to channel their energies in a productive way, while also creating an environment that nurtures them towards leading balanced lifestyles, enriched with healthy habits and a positive mindset.

The Amir Khan Academy purchased a new minibus to help transport their athletes across the country for competitions due to generous sponsorships from a range of organisations, including the Amir Khan Foundation.

The foundation is in the process of building a hospital in the Pakistani village of Matore, the home village of founder Amir Khan. The hospital will be built in the Punjab province to provide free medical assistance, treatment and medications to the people of Matore to ensure no one is left behind, especially during the pandemic which has already claimed over one million lives in Pakistan.

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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

Alongside the online Lots for Life auction, the Amir Khan Foundation continues to progress their digital fundraising campaigns to raise funds for the most vulnerable across the world. Founder Amir Khan continues to make appearances across the UK, Pakistan and the UAE to raise further awareness of the essential work carried out by the foundation. Khan made a special guest appearance at the Household Cavalry Dinner whereby he donated one-of-a-kind items and experiences towards their auction.

Child Protection

The Amir Khan Foundation continues their partnership with international law firm, Clyde and Co to put pressure on local and national authorities in Pakistan to lobby for policy change and the implementation of greater child protection across the country. Due to the political uncertainty and logistical challenges of the Covid-19 pandemic, the foundation is still in the process of identifying the most effective way to tackle these issues further. This includes establishing a partnership with an academic research council into child protection in Pakistan.

KHYBER RAWALPINDI, PAKHTUNKHWA, PAKISTAN PAKISTAN

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FOOD POVERTY PAKISTAN - AZAD JAMMU & KASHMIR
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The Amir Khan Foundation

Report and Accounts

Independent Examiner’s Report to the trustees of The Amir Khan Foundation

I report to the trustees on my examination of the financial statements of The Amir Khan Foundation for the year ended 31 December 2021 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 financial statements 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 financial statements 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.

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:

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 financial statements to be reached.

Signed:-

Waqas Imtiaz Khan

Chartered Certified Accountants S.Asghar & Co 85 Station Road Harrow London HA2 7SW

02 November 2022

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Statement of Financial Activities for the year ended 31 December 2021

Notes Unrestricted
funds		 Total
Funds		 Total
Funds
2021 2021 2020
£ £ £
Income & Endowments from:
Donations and legacies 3 159,095 159,095 154,849
159,095 159,095 154,849
Total
Expenditure on:
Charitable activities 4 189,967 189,967 81,566
Other 5 21,950 21,950 7,772
Total 211,917
-		 211,917
-		 89,338
-
Netgains on investments
Net(expenditure)/income (52,822)
-		 (52,822)
-		 65,511
-
Transfers between funds
Net (expenditure)/income
before othergains/(losses)		 (52,822) (52,822) 65,511
Othergains and losses
Net movement in funds (52,822)
65,851		 (52,822)
65,851		 65,511
340
Reconciliation of funds:
Total funds brought forward
Total funds brought forward 13,029 13,029 65,851

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Balance Sheet at 31 December 2021

Balance Sheet at 31 December 2021
Notes 2021 2020
£ £
Current assets
Cash at bank and in hand 33,298 119,383
33,298 119,383
Creditors:Amount fallingdue within oneyear 7 (20,270) (53,532)
Net current assets 13,028 65,851
Total assets less current liabilities 13,028 65,851
Net assets excluding pension asset or liability 13,028 65,851
Total net assets
Net current assets 13,028 65,851
The funds of the charity
Restricted funds 8
Unrestricted funds 8
General funds 13,029 65,851
13,029 65,851
Reserves 8
Total funds 13,029 65,851

Approved by the trustees on 10 October 2022

And signed on their behalf by:

A. Khan Trustee

10 October 2022

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Notes to the Accounts for the year ended 31 December 2021

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.

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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.

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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
2020		 Total
funds
2020
£ £
Income and endowments from:
Donations and legacies 154,849 154,849
Total 154,849 154,849
Expenditure on:
Charitable activities 81,566
7,772		 81,566
7,772
Other
Total 89,338 89,338
Net income 65,511 65,511
Net income before othergains/(losses) 65,511 65,511
Othergains and losses:
Net movement in funds 65,511 65,511
Total funds brought forward 340 340
Total funds carried forward 65,851 65,851

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3 Income from donations and legacies

Unrestricted Total 2021 Total 2020
£ £ £
159,095 159,095 154,849
159,095 159,095 154,849

4 Expenditure on charitable activities

Expenditure on charitable activities Unrestricted Total 2021 Total 2020
£ £ £
Governance costs 189,967 189,967 81,566
189,967 189,967 81,566

5 Other expenditure

5 Other expenditure
Unrestricted Total 2021 Total 2020
£ £ £
Employee costs - - 4,383
Motor and travel costs 315 315 32
General administrative costs 17,360 17,360 1,557
Legal andprofessional costs 4,275 4,275 1,800
21,950 21,950 7,772

6 Staff costs

6 Staff costs
2021 2020
Salaries and wages - 4,383
- 4,383

No employee received emoluments in excess of £60,000.

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7 Creditors

7 Creditors
Amounts fallingdue within oneyear 2021 2020
£ £
Trade creditors 7,537 3,039
Other creditors 2,418 2,418
Accruals 10,315 48,075
20,270 53,532

8 Movement in funds

8 Movement in funds
At 1 Jan
2021		 Incoming
resources
(including
other gains/
losses)		 Resources
expended		 At 31 Dec
2021
£ £ £
Restricted funds:
Unrestricted funds:
General funds 65,851 159,095 (211,917) 13,029
Total funds 65,851 159,095 (211,917) 13,029

9 Analysis of net assets between funds

Amounts falling due within one year Unrestricted
funds		 Total
£ £
Net current assets 13,028 13,028
13,028 13,028

10 Reconciliation of net debt

10 Reconciliation of net debt
At 1 Jan
2021		 Cash flows At 31 Dec
2021
£ £
Cash and cash equivalents 119,383 (86,085) 33,298
119,383 (86,085) 33,298
Net debt 119,383 (86,085) 33,298

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Statement of Cash flows for the year ended 31 December 2021

Statement of Cash flows for the
year ended 31 December 2021
2021 2020
£ £
Cash flows from operating activities
Net income/(expenditure) per Statement of Financial
Activities		 (52,822) 65,511
Adjustments for:
(Decrease)/Increase in trade and otherpayables (33,262) 1,800
Net cash(used in)/provided by operating activities (86,084) 67,311
Net cash from investing activities - -
Net cash from financing activities - -
Net(decrease)/increase in cash and cash equivalents (86,084) 67,311
Cash and cash equivalents at the beginning of
theyear		 119,383 52,072
Cash and cash equivalents at the end of theyear 33,299 119,383
Components of cash and cash equivalents
Cash and bank balances 33,298 119,383
33,298 119,383

Detailed Statement of Financial Activities for the year ended 31 December 2021

for the year ended 31 December 2021
Unrestricted
funds		 Total
Funds		 Total
Funds
2021 2021 2020
£ £ £
Income and endowments from:
Donations and legacies 159,095 159,095 154,849
159,095 159,095 154,849
Total income and endowments 159,095 159,095 154,849
Expenditure on:
Charitable activities 189,967 189,967 81,566
189,967 189,967 81,566
Total of expenditure on charitable activities 189,967 189,967 81,566

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Detailed Statement of Financial Activities for the year ended 31 December 2021 continued...

Unrestricted
funds		 Total
Funds		 Total
Funds
2021 2021 2020
£ £ £
Employee costs
Salaries/wages - - 4,383
- - 4,383
Motor and travel costs
Travel and subsistence 315 315 32
315 315 32
General administrative costs,
includingdepreciation and amortisation
Bank charges 187 187 442
General insurances 238 238 247
Information andpublications 2,399 2,399 -
Software, IT support and related costs 11,788 11,788 -
Subscriptions 269 269 445
Sundryexpenses 2,479 2,479 423
17,360 17,360 1,557
Legal andprofessional costs
Audit/Independent examination fees 2,400
1,875		 2,400
1,875		 1,800
-
Other legal andprofessional costs
4,275 4,275 1,800
Total of expenditure of other costs 21,950
211,917
-		 21,950
211,917
-		 7,772
89,338
-
Total expenditure
Netgains on investments
Net income/(expenditure) (52,822) (52,822) 65,511
Net income/(expenditure) before other gains/(losses) (52,822) (52,822) 65,511
Other Gains - - -
Net movement in funds (52,822) (52,822) 65,511
Reconciliation of funds:
Total funds brought forward 65,851 65,851 340
Total funds carried forward 13,029 13,029 65,851

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Reference and Administrative Details

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.

Principal Office

Premier House Prince Street Bolton Lancashire BL1 2NP

Trustees

The following trustees served during the year:

A. Khan S.M. Khan

Directors of Corporate Trustees

Mr Amir Khan

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