2023-12-31-accounts - The Amir Khan Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

==> picture [89 x 74] intentionally omitted <==

The Amir Khan Foundation

Annual Report & Accounts 31 December 2023

www.amirkhanfoundation.com

PUBLISHED: 31 DECEMBER 2023

CHARITY NO. 1158078

A K F A N N U A L R E P O R T 2 0 2 2 - 2 0 2 3 | C O N T E N T S

What’s inside

Annual Report
About Us
3
Foreword
4
Activity Overview
6
Emergency: Pakistan Floods
7
Emergency: Turkey and Syria Earthquake
11
Events: Ramadan 2023
15
Food Poverty: UK
21
Food Poverty: Pakistan
23
AK Academy
26
Emergency: Gaza War
28
Independent Examiner’s Report
31
Statement of Financial Activities
32
Balance Sheet
33
Notes and Detailed Analysis of Income
34
Statement of Cash Flows
39
Detailed Statement of Financial Activities
39
Reference and Administrative Details
41

A K F A N N U A L R E P O R T 2 0 2 2 - 2 0 2 3 | A B O U T U S

Founded in 2014 by Two-Time World Boxing Champion Amir Khan, the Amir Khan Foundation was established to channel the power of sport, community, and compassion into meaningful humanitarian action. The foundation exists to support individuals, families, and communities facing hardship in the United Kingdom and Pakistan , and to extend relief globally during times of crisis, disaster, and urgent need.

Since its inception, the foundation has worked to deliver life-saving aid in emergencies and to create long-term opportunities through education, food security, and youth development.

Our projects have reached thousands of people affected by poverty, conflict, and natural disasters.

Through strong partnerships, volunteer networks, and a commitment to transparency, the Amir Khan Foundation continues to embody the values of empathy, equality, and service. Our mission is simple yet profound: to make a lasting difference wherever lives are in need, empowering communities and inspiring hope through action.

A K F A N N U A L R E P O R T 2 0 2 2 - 2 0 2 3 | F O R E W O R D

Foreword

This past year has once again shown the importance of compassion, community, and collective action.

The challenges we’ve witnessed across the world in 2023 — from devastating earthquakes in Türkiye and Syria to ongoing recovery in flood-hit Pakistan and the rise of food poverty both at home and abroad — have reminded us why the Amir Khan Foundation exists: to stand with people in their most difficult moments.

Here in the UK, food poverty continues to grow. Too many families are facing the heartbreaking choice between heating and eating. Through our partnerships with local organisations, schools and community groups, we’ve been providing emergency groceries and hardship grants to support those in need.

Over the last year, I’ve seen that spirit come to life through the hard work of our team, volunteers, and supporters who continue to give their time, energy and resources to help others.

In February, the Türkiye-Syria earthquake left entire communities in ruins, taking tens of thousands of lives and displacing millions. The scale of destruction was unimaginable. Our foundation responded immediately, partnering with One Family and the Turkish Red Crescent to deliver critical relief across ten of the worst-affected provinces. I was deeply moved by how quickly our supporters rallied together — volunteers across the UK collected, packed and shipped over ten tonnes of aid through Turkish Airlines. That sense of unity and purpose is what drives our foundation forward. Our Ramadan campaign produced successful iftar gatherings in London and Birmingham to reflect and raise vital funds for victims.

In Pakistan, our efforts have continued well beyond the initial flood response. Many families remain displaced and in need of support, and through our ongoing food distribution programmes and mobile food banks we’ve ensured essential supplies reach those struggling most.

Our commitment to young people through the Amir Khan Academy continues to grow. Across Bolton, Peterborough and Islamabad, hundreds of children and young adults have benefited from training, mentorship, and education.

Towards the end of the year, the unfolding crisis in Gaza once again called for an urgent humanitarian response. As the suffering of innocent families deepened, the foundation launched an emergency appeal to provide relief to those enduring unimaginable hardship.

Looking ahead, I remain committed to expanding our reach and strengthening our impact — from disaster relief overseas to tackling food poverty here at home. The Amir Khan Foundation will continue to stand for hope, humanity, and heart.

==> picture [133 x 50] intentionally omitted <==

Amir Khan Founder, Amir Khan Foundation

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [596 x 770] intentionally omitted <==

----- Start of picture text -----
A volunteer disitributes aid
amidst the flooding crisis
Dera Ismail Khan, Pakistan
----- End of picture text -----

Activity Overview

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Emergency: Pakistan Floods

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [33 x 64] intentionally omitted <==

----- Start of picture text -----
8
----- End of picture text -----

Pakistan Floods

In Autumn last year, Pakistan declared a state of emergency due to the devastating floods. Monsoon rainfall causing flash floods devastated the country, killing over 1,700 and destroying almost 1.7 million homes.

Our team on the ground mobilised quickly to provide emergency shelter, hygiene kits, food packs and cooked meals to those left displaced by the flooding crisis across Khyber Pakhtunkhwa (KPK), South Punjab, Sindh and Balochistan.

In Sindh, Balochistan, Swat and several other areas across the country, hundreds of thousands were displaced and millions more impacted by the floods. The Sindh province alone endured nearly eight times its average August rainfall, with officials comparing the disaster to 2010 - the worst on record.

In continuation of this appeal, we have consistently provided food, hygiene supplies, and hardship grants to communities affected by the floods in these regions. Our mobile food banks have focused primarily on districts within flood hit areas of Khyber Pakhtunkhwa and Sindh.

The floods left 33 million people - 15% of the country’s total population - without access to shelter, food, clothing, and medical aid. More than 633,000 turned to relief camps for refuge, while many more were temporarily displaced and being hosted by other households. The Amir Khan Foundation launched an emergency appeal to help provide critical support to those suffering across Pakistan.

==> picture [334 x 421] intentionally omitted <==

----- Start of picture text -----
KPK
SOUTH
PUNJAB
BALOCHISTAN
SINDH
----- End of picture text -----

The Amir Khan Foundation is on the ground in:

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [596 x 770] intentionally omitted <==

----- Start of picture text -----
Pakistan Foods
----- End of picture text -----

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [553 x 770] intentionally omitted <==

----- Start of picture text -----
Pakistan Foods
----- End of picture text -----

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Emergency: Türkiye and Syria Earthquake

Türkiye and Syria Earthquake

On 6th February, Türkiye was hit by the most devastating series of earthquakes and aftershocks in its history, taking the lives of 50,783 people, and at least a further 5,900 people in neighbouring Syria.

The first powerful earthquake of 7.8 magnitude struck in the early hours when most people were at home in bed. The epicentre was near the Turkish city of Gaziantep, which is around 150 miles north of the Syrian border. Just hours later, it was followed by another earthquake further

north in central Türkiye measuring at 7.5 magnitude.

Extensive damage was caused, with tens of thousands of buildings collapsing in cities across the affected regions of southern and central Türkiye and the north and west of Syria. In Türkiye alone, about 2.4 million people, including 660,000 children, were displaced in a region already home to 1.7 million Syrian refugees.

==> picture [596 x 458] intentionally omitted <==

----- Start of picture text -----
KAHRAMANMARAŞ MALATYA
OSMANIYE
ADIYAMAN
ADANA
DIYARBAKIR
ŞANLIURFA
KILIS
GAZIANTEP
HATAY
----- End of picture text -----

In Syria, the earthquake further compounded the suffering of communities already suffering from over a decade of civil war, creating a devastating double crisis for millions of people. The earthquake caused further displacement, overwhelming fragile health systems, hindering aid delivery, and exacerbating food poverty and access to basic shelter and hygiene.

Working in partnership with One Family and Turkish Red Crescent, the Amir Khan Foundation has been raising critical funds and convening resources to support critical

relief and rescue efforts across the 10 worsthit provinces; Kahramanmaraş, Adıyaman, Kilis, Şanlıurfa, Diyarbakır, Adana, Osmaniye, Gaziantep, Malatya and Hatay.

In addition to this, the dynamic partnership also saw the foundation work with Turkish Airlines, which saw the delivery of 10 tonnes of aid via cargo. This aid was brought together at collection points across the UK, packaged by volunteers in donated warehouse space and sent via Turkish Airlines cargo to Istanbul.

==> picture [596 x 265] intentionally omitted <==

Donations helps us deliver

==> picture [60 x 53] intentionally omitted <==

==> picture [56 x 47] intentionally omitted <==

==> picture [53 x 53] intentionally omitted <==

Shelter Food

Hygiene

Tents, blankets, thermal clothing, sleeping bags, heaters, flashlights and more

Water, milk, soups, bread, lentils, baby formula and more

Wipes, bandages, soap, anti-bacterial spray, diapers and more

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [553 x 770] intentionally omitted <==

----- Start of picture text -----
Türkiye and Syria Earthquake
----- End of picture text -----

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Events: Ramadan 2023

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Ramadan 2023

The Amir Khan Foundation hosted a series of successful private iftar events across London and Birmingham, bringing together the foundation’s most active friends and supporters. These events were held at Mathura, London, The Orangery, London, and Tipu Sultan, Birmingham, to bring communities together for Iftar gatherings in solidarity and support of the victims of the Türkiye and Syria earthquake.

World-renowned artist Mesut Kurtis performed at the events, which were attended by the foundation’s founder, Amir Khan, as our keynote guest.

The events highlighted the needs of earthquake victims in Türkiye and Syria, raising critical funds towards the foundation’s earthquake appeal.

All events were highly successful, with thousands of pounds raised and groups committing long-term support to help rebuilding efforts across the affected region.

==> picture [299 x 225] intentionally omitted <==

==> picture [298 x 463] intentionally omitted <==

==> picture [299 x 325] intentionally omitted <==

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [596 x 770] intentionally omitted <==

----- Start of picture text -----
Mathura, London
----- End of picture text -----

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [553 x 770] intentionally omitted <==

----- Start of picture text -----
The Orangery, London
----- End of picture text -----

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [249 x 194] intentionally omitted <==

==> picture [348 x 194] intentionally omitted <==

==> picture [198 x 250] intentionally omitted <==

==> picture [399 x 250] intentionally omitted <==

==> picture [348 x 315] intentionally omitted <==

Tipu Sultan, Birmingham

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

“It was really special to spend these memorable private Iftar evenings with our supporters this Ramadan. They are the heartbeat of everything we do, and I share their commitment to wanting to change the lives of others.”

Amir Khan Founder, Amir Khan Foundation

21 R¥IUIA TED BY PER TS. TRUSTED B Y ATHLETES. Food Poverty: UK

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Food Poverty: UK

Food poverty is on the rise in the UK. The effects of the pandemic and the cost-ofliving crisis are still being felt by many, and the result paints a bleak picture for many families struggling to put food on the table.

“There are well over 9 million people in the UK struggling to afford to eat – that’s larger than the entire population of London. With all the resources around us, nobody should go hungry.”

A recent YouGov survey by the Food Foundation found that, in June 2023, a staggering 17% of households in the UK were classed as ‘food insecure’, a term they define as a household that ate less or went a day without eating due to lack of access or an inability to afford food. Households with children also faced higher rates of food insecurity. 24% of households.

The Amir Khan Foundation collaborates with local organisations, food banks, and schools to provide support to individuals and communities facing extreme hardship and food insecurity through emergency groceries and hardship grants.

Amir Khan Founder, Amir Khan Foundation

==> picture [190 x 380] intentionally omitted <==

==> picture [407 x 195] intentionally omitted <==

==> picture [407 x 186] intentionally omitted <==

23 Food Poverty: Pakistan

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Food Poverty: Pakistan

Pakistan is the world’s 5th most populous country, yet it is ranked 99th in the Global Hunger Index. The future is bleak, with ‘low food security’ levels not expected to change, not even by 2030. A toxic combination of climate change, the impact of the pandemic, and devastating floods has led Pakistan to a hunger crisis.

Last year’s devastating floods, which impacted over 33 million people, displaced 8 million people, and claimed 1,700 lives. To make matters worse, some 9.4 million acres of crops were destroyed, and more than 1.1 million farm animals perished.

One year later, the rate of child undernutrition has increased by 50% and an estimated 44% of children under five are now irreversibly stunted, meaning they have a low height for their age, which can lead to

more illness, premature death, poor school outcomes, lower employment opportunities and may increase the risk of chronic diseases.

A recent assessment of 43 rural districts in the three provinces most affected by floods (Balochistan, Kyber Pakhtunkhwa and Sindh) found 29% of the population was experiencing high levels of hunger and weren’t consuming enough energy.

The Amir Khan Foundation continued its mobile food bank programme across four major regions of Pakistan – Punjab, Azad Jammu and Kashmir, Khyber Pakhtunkhwa and Sindh – to ensure food supplies are made available to those most in need.

==> picture [190 x 195] intentionally omitted <==

==> picture [407 x 380] intentionally omitted <==

==> picture [190 x 186] intentionally omitted <==

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [249 x 194] intentionally omitted <==

==> picture [222 x 194] intentionally omitted <==

==> picture [358 x 250] intentionally omitted <==

“Food prices remain high in both urban and rural areas of Pakistan and achieving food security will remain a challenge for many families. So what’s being done to address this crisis?”

Amir Khan Founder, Amir Khan Foundation

==> picture [84 x 81] intentionally omitted <==

26 IF gAK Academy

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

AK Academy

Across its three major sites – Bolton, Peterborough and Islamabad, Pakistan – the Amir Khan Academy serves hundreds of children and young people. Qualified instructors provide boxing lessons to young people of all ages, along with classroom learning activities and access to educational programmes.

The academy sites are also the training home for several current world champions and semi-professional athletes, as well as their leading coaches, who extend their expertise and mentoring to academy students to uplift and inspire them.

This work extends beyond fitness: the academy aims to provide young people 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.

==> picture [230 x 165] intentionally omitted <==

“We believe that today’s children are tomorrow’s future, but we must invest in them now, so they can reach their true potential”

Amir Khan Founder, Amir Khan Foundation

==> picture [596 x 380] intentionally omitted <==

28 roy 7•1 Emergency: Gaza Appeal •1

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

Gaza Appeal

Following the attacks against Israel on 7th October, a new war was announced in Gaza, which will inevitably bring suffering and hardship to innocent people who have suffered so much already.

As deaths and injuries in Gaza continue to rise due to intensified hostilities, intense overcrowding and disrupted health, water, and sanitation systems pose an added danger: the rapid spread of infectious diseases.

The situation is particularly concerning for almost 1.5 million displaced people across Gaza, especially those living in severely overcrowded shelters with poor access to hygiene facilities and safe water, increasing the risk of transmission of infectious diseases.

The Amir Khan Foundation launched an emergency appeal, supporting the International Red Cross and Red Crescent’s work on the ground in deploying critical aid supplies through the Egyptian border.

==> picture [320 x 219] intentionally omitted <==

==> picture [277 x 219] intentionally omitted <==

==> picture [231 x 273] intentionally omitted <==

==> picture [366 x 273] intentionally omitted <==

A K F A N N U A L R E P O R T 2 0 2 3 - 2 0 2 4 | A C T I V I T Y O V E R V I E W

==> picture [249 x 194] intentionally omitted <==

==> picture [222 x 194] intentionally omitted <==

“Millions of Palestinians face war and uncertainty. It is important we do all we can to avoid the suffering of innocent civilians and help them during this time of critical need.”

Amir Khan Founder, Amir Khan Foundation

==> picture [84 x 81] intentionally omitted <==

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 2023.

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’).

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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

==> picture [127 x 47] intentionally omitted <==

Signed:-

Waqas Imtiaz Khan (FCCA)

S.Asghar & Co Chartered Certified Accounts & Registered Auditors

85 Station Road Harrow London HA2 7SW

26th November 2024

Statement of Financial Activities for the year ended 31 December 2023

	Notes	Unrestricted funds	Total Funds	Total Funds
		2023	2023	2022
		£	£	£
Income & Endowments from:

Donations and legacies	3	187,236	187,236	388,948
		187,236	187,236	388,948
Total

Expenditure on:

Charitable activities	4	183,692	183,692	288,235
Other	5	17,533	17,533	25,473

Total		201,225 -	201,225 -	313,708 -

Netgains on investments
Net(expenditure)/income		(13,989) -	(13,989) -	75,240 -
Transfers between funds

Net (expenditure)/income before othergains/(losses)		(13,989)	(13,989)	75,240

Othergains and losses

Net movement in funds		(13,989) 88,269	(13,989) 88,269	75,240 13,029

Reconciliation of funds:

Total funds brought forward

Total funds brought forward		74,280	74,280	88,269

Balance Sheet at 31 December 2023

Balance Sheet at 31 December 2023
	Notes	2023	2022
		£	£
Current assets
Cash at bank and in hand		91,465	109,393
		91,465	109,393
Creditors:Amount fallingdue within oneyear	7	(17,185)	(17,185)
Net current assets		74,280	88,269
Total assets less current liabilities		74,280	88,269
Net assets excluding pension asset or liability		74,280	88,269
Total net assets
Net current assets		74,280	88,269

The funds of the charity
Restricted funds	8
Unrestricted funds	8
General funds		74,280	88,269
		74,280	88,269
Reserves	8
Total funds		74,280	88,269

Approved by the trustees on 31 December 2023

And signed on their behalf by:

==> picture [86 x 33] intentionally omitted <==

A. Khan Trustee

26th November 2024

Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Income

Recognition of income

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.

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.

Designated funds

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 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.

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

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

This is included in the accounts when receivable.

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.

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

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.

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.

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.

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.

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.

2 Statement of Financial Activities - prior year

	Unrestricted funds 2022	Total funds 2022
	£	£
Income and endowments from:
Donations and legacies	388,948	388,948
Total	388,948	388,948
Expenditure on:
Charitable activities	288,235 25,473	288,235 25,473
Other
Total	313,708	313,708
Net income	75,240	75,240
Net income before othergains/(losses)	75,240	75,240
Othergains and losses:
Net movement in funds	75,240	75,240

Total funds brought forward	13,029	13,029
Total funds carried forward	88,269	88,269

3 Income from donations and legacies

Unrestricted	Total 2023	Total 2022
£	£	£
187,236	187,236	388,948

187,236	187,236	388,948

4 Expenditure on charitable activities

Expenditure on charitable activities	Unrestricted	Total 2023	Total 2022
	£	£	£
Governance costs	183,692	183,692	288,235

	183,692	183,692	288,235

5 Other expenditure

5 Other expenditure
	Unrestricted	Total 2023	Total 2022
	£	£	£

Motor and travel costs	3,334	3,334	3,070
General administrative costs	10,261	10,261	18,483
Legal andprofessional costs	3,938	3,938	3,920
	17,533	17,533	25,473

6 Staff costs

6 Staff costs
	2023	2022
Salaries and wages	-	-
	-	-

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

7 Creditors

7 Creditors
Amounts fallingdue within oneyear	2023	2022
	£	£
Trade creditors	-	7,209
Accruals	17,185	13,915
	17,185	21,124

8 Movement in funds

8 Movement in funds
	At 1 Jan 2023	Incoming resources (including other gains/ losses)	Resources expended	At 31 Dec 2023
		£	£	£
Restricted funds:
Unrestricted funds:
General funds	88,269	187,236	(201,225)	74,280
Total funds	88,269	187,236	(201,225)	74,280

9 Analysis of net assets between funds

Amounts falling due within one year	Unrestricted funds	Total
	£	£
Net current assets	74,280	74,280
	74,280	74,280

10 Reconciliation of net debt

	At 1 Jan 2023	Cash flows	At 31 Dec 2023
		£	£
Cash and cash equivalents	109,393	(17,928)	91,465
	109,393	(17,928)	91,465
Net debt	109,393	(17,928)	91,465

Statement of Cash flows for the year ended 31 December 2023

Statement of Cash flows for the year ended 31 December 2023
	2023	2022
	£	£
Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities	(13,989)	75,240
Adjustments for:
(Decrease)/Increase in trade and otherpayables	(3,939)	854
Net cash(used in)/provided by operating activities	(17,928)	76,094
Net cash from investing activities	-	-

Net cash from financing activities	-	-

Net(decrease)/increase in cash and cash equivalents	(17,928)	76,094
Cash and cash equivalents at the beginning of theyear	109,393	33,298
Cash and cash equivalents at the end of theyear	91,465	109,393

Components of cash and cash equivalents
Cash and bank balances	91,465	109,393

	91,465	109,393

Detailed Statement of Financial Activities for the year ended 31 December 2023

for the year ended 31 December 2023
	Unrestricted funds	Total Funds	Total Funds
	2023	2023	2022
	£	£	£
Income and endowments from:
Donations and legacies	187,236	187,236	388,948
	187,236	187,236	388,948
Total income and endowments	187,236	187,236	388,948
Expenditure on:
Charitable activities	183,692	183,692	288,235
	183,692	183,692	288,235
Total of expenditure on charitable activities	183,692	183,692	288,235

Detailed Statement of Financial Activities for the year ended 31 December 2023 continued...

	Unrestricted funds	Total Funds	Total Funds
	2023	2023	2022
	£	£	£
Motor and travel costs
Travel and subsistence	3,334	3,334	3,070
	3,334	3,334	3,070
General administrative costs, includingdepreciation and amortisation
Bank charges	84	84	98
Information andpublications	8,023	8,023	7,391
Software, IT support and related costs	-	-	8,500
Stationeryandprinting	1,020	1,020	826
Subscriptions	561	561	565
Sundryexpenses	573	573	1,103
	10,261	10,261	18,483
Legal andprofessional costs
Audit/Independent examination fees	3,600 338	3,600 338	3,600 320
Other legal andprofessional costs
	3,938	3,938	3,920
Total of expenditure of other costs	17,533 201,225 -	17,533 201,225 -	25,473 313,708 -
Total expenditure
Netgains on investments
Net income/(expenditure)	(13,989)	(13,989)	75,240
Net income/(expenditure) before other gains/(losses)	(13,989)	(13,989)	75,240
Other Gains	-	-	-
Net movement in funds	(13,989)	(13,989)	75,240
Reconciliation of funds:
Total funds brought forward	88,269	88,269	13,029
Total funds carried forward	74,280	74,280	88,269

Reference and Administrative Details

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

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