The Amir Khan Foundation
Charity No. 1158078
Trustees' Report and Unaudited Accounts
31 December 2024
The Amir Khan Foundation Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1158078
Principal Office
Premier House Prince Street Bolton Lancashire BLl 2NP
Trustees
The following trustees served during the year:
A.Khan S.M. Khan
Directors of Corporate Trustees
Mr Amir Khan
Reporting Accountants
S.Asgha r & 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 BLl lBH
The Amir Khan Foundation Independent Examiners Report
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 2024.
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.
Waqas lmtiaz Khan (FCCA) S.Asghar & Co Chartered Certified Accountant
85 Station Road Harrow
London
HA2 7SW 03[rd ] February 2026
The Amir Khan Foundation Statement of Financial Activities
for the year ended 31 December 2024
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total funds | Total funds | ||
| 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | |
| Income and endowments | ||||
| from: | ||||
| Donations and legacies | 3 | 116,873 | 116,873 | 187,236 |
| Total | 116,873 | 116,873 | 187,236 | |
| Expenditure on: | ||||
| Charitable activities | 4 | 166,142 | 166,142 | 183,692 |
| Other | 5 | 11,153 | 11,153 | 17,533 |
| Total | 177,295 | 177,295 | 201,225 | |
| Net gains on investments | ||||
| Net expenditure | (60,422} | (60,422} | (13,989} | |
| Transfers between funds | ||||
| Net expenditure before other gains/(losses) |
(60,422} | (60,422} | (13,989} | |
| Other gains and losses | ||||
| Net movement in funds | (60,422} | (60,422} | (13,989} | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 74,280 | 74,280 | 88,269 | |
| Total funds carried forward | 13.858 | 13,858 | 74,280 |
The Amir Khan Foundation Balance Sheet
at 31 December 2024
| The Amir Khan Foundation Balance Sheet at 31 December 2024 |
|||
|---|---|---|---|
| Charity No. 1158078 | 2024 | 2023 | |
| £ | £ | ||
| Current assets | |||
| Cash at bank and in hand | 24,907 | 91,465 | |
| 24,907 | 91,465 | ||
| Creditors: Amount falling due within one year | 7 | (11,049) | (17,185) |
| Net current assets | 13,858 | 74,280 | |
| Total assets less current liabilities | 13,858 | 74,280 | |
| Net assets excluding pension asset or liability | 13,858 | 74,280 | |
| Tota I net assets | 13,858 | 74.280 | |
| The funds of the charity | |||
| Restricted funds | 8 | ||
| Unrestricted funds | 8 | ||
| General funds | 13,858 | 74,280 | |
| 13,858 | 74,280 | ||
| Reserves | 8 | ||
| Total funds | 13,858 | 74.280 | |
| Approved by the trustees on03rdFebruary2026 | |||
| And signed on their behalf by: |
A.Khan Trustee 03[rd ] February 2026
The Amir Khan Foundation Notes to the Accounts
for the year ended 31 December 2024
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.
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 Recognition of Income is included in the Statement of Financial Activities {SoFA) when the charity income 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 Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditure) and facilities 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 This includes any gain or loss resulting from revaluing investments to market value revaluation af fixed at the end of the year. assets Gains/{losses) on This includes any gain or loss on the sale of investments. investment assets
The Amir Khan Foundation Notes to the Accounts
Expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it expenditure relates. These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities 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.
The Amir Khan Foundation Notes to the Accounts
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. 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 seNices
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
The Amir Khan Foundation Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 | Statement of Financial Activities - prior year | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds Total funds | funds Total funds | |||
| 2023 | 2023 | |||
| £ | £ | |||
| Income and endowments from: | ||||
| Donations and legacies | 187,236 | 187,236 | ||
| Total | 187,236 | 187,236 | ||
| Expenditure on: | ||||
| Charitable activities | 183,692 | 183,692 | ||
| Other | 17,533 | 17,533 | ||
| Total | 201,225 | 201,225 | ||
| Net income | Net income | (13,989) | (13,989) | |
| Net income before other gains/(losses) |
(13,989) | (13,989) | ||
| Other gains and losses: | ||||
| Net movement in funds | Net movement in funds | (13,989) | (13,989} | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 88,269 | 88,269 | ||
| Total funds carried forward | 74.280 | 74,280 | ||
| 3 | Income from donations and legacies | |||
| Unrestricted | Total | Total | ||
| 2024 | 2023 | |||
| £ | £ | £ | ||
| 116,873 | 116,873 | 187,236 | ||
| 116,873 | 116,873 | 187,236 | ||
| 4 | Expenditure on charitable activities | |||
| Unrestricted | Total | Total | ||
| 2024 | 2023 | |||
| £ | £ | £ | ||
| Expenditure on charitable | ||||
| activities | ||||
| 166,142 | 166,142 | 183,692 | ||
| Governance costs | ||||
| 166,142 | 166,142 | 183,692 |
The Amir Khan Foundation Notes to the Accounts
5 Other expenditure
| 5 | Other expenditure | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| 2024 | 2023 | ||||
| £ | £ | £ | |||
| Motor and travel costs | 2,243 | 2,243 | 3,334 | ||
| General administrative costs | 4,730 | 4,730 | 10,261 | ||
| Legal and professional costs | 4,180 | 4,180 | 3,938 | ||
| 11,153 | 11,153 | 17,533 | |||
| 6 | Staff costs | ||||
| No employee received emoluments in excess of £60,000. | |||||
| 7 | Creditors: | ||||
| amounts falling due within one year | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Accruals | 11,049 | 17,185 | |||
| 11,049 | 17,185 | ||||
| 8 | Movement in funds | ||||
| Incoming | |||||
| resources | |||||
| At 1 January | (including other gains/losses |
Resources expended |
At31 December 2024 |
||
| 2024 | ) | ||||
| £ | £ | £ | |||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| General funds | 74,280 | 116,873 | (177,295) | 13,858 | |
| Total funds | 74,280 | 116,873 | (177,295) | 13,858 | |
| 9 | Analysis of net assets between funds | ||||
| Unrestricted funds |
Total | ||||
| £ | £ | ||||
| Net current assets | 13,858 | 13,858 | |||
| 13,858 | 13,858 | ||||
| 10 Reconciliation of net debt | 10 Reconciliation of net debt | ||||
| At31 | |||||
| At 1 January | December | ||||
| 2024 | Cash flows | 2024 | |||
| £ | £ | £ | |||
| Cash and cash equivalents | 91,465 | (66,558) | 24,907 | ||
| 91,465 | (66,558) | 24,907 | |||
| Net debt | 91,465 | (66,558) | 24,907 |
The Amir Khan Foundation Statement of Cash flows
for the year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net expenditure per Statement of Financial Activities | (60,422) | (13,989} |
| Adjustments for: | ||
| Decrease in trade and other payables | (6,136) | (3,939) |
| Net cash used in operating activities | (66,558) | (17,928) |
| Net cash from investing activities | ||
| Net cash from financing activities | ||
| Net decrease in cash and cash equivalents | (66,558) | (17,928) |
| Cash and cash equivalents at the beginning of the year | 91,465 | 109,393 |
| Cash and cash equivalents at the end of the year | 24,907 | 91,465 |
| Components of cash and cash equivalents | ||
| Cash and bank balances | 24,907 | 91,465 |
| 24,907 | 91,465 |
The Amir Khan Foundation Detailed Statement of Financial Activities for the year ended 31 December 2024
| The Amir Khan Foundation Detailed Statement of Financial Activities for the year ended 31 December 2024 |
|||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | Total funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | |||
| 116,873 | 116,873 | 187,236 | |
| 116,873 | 116,873 | 187,236 | |
| Total income and endowments | 116,873 | 116,873 | 187,236 |
| Expenditure on: | |||
| Charitable activities | |||
| 166,142 | 166,142 | 183,692 | |
| 166,142 | 166,142 | 183,692 | |
| Total of expenditure on charitable activities |
166,142 | 166,142 | 183,692 |
| Motor and travel costs | |||
| Travel and subsistence | 2,243 | 2,243 | 3,334 |
| 2,243 | 2,243 | 3,334 | |
| General administrative costs, | |||
| including depreciation and | |||
| amortisation | |||
| Bank charges | 84 | ||
| Information and publications | 3,835 | 3,835 | 8,023 |
| Stationery and printing | 375 | 375 | 1,020 |
| Subscriptions | 446 | 446 | 561 |
| Sundry expenses | 74 | 74 | 573 |
| 4,730 | 4,730 | 10,261 | |
| Legal and professional costs | |||
| Audit/Independent examination fees |
3,840 | 3,840 | 3,600 |
| Other legal and professional | 340 | 340 | 338 |
| costs | |||
| 4,180 | 4,180 | 3,938 | |
| Total of expenditure of other costs | 11,153 | 11,153 | 17,533 |
| Total expenditure | 177,295 | 177,295 | 201,225 |
| Net gains on investments | |||
| Net expenditure | (60,422) | (60,422) | (13,989) |
| Net expenditure before other gains/(losses) |
(60,422) | (60,422) | (13,989) |
| Other Gains |
The Amir Khan Foundation Detailed Statement of Financial Activities
| Net movement in funds | (60,422) | (60,422) | (13,989) |
|---|---|---|---|
| Reconciliation of funds: | |||
| Total funds brought forward | 74,280 | 74,280 | 88,269 |
| Total funds carried forward | 13,858 | 13,858 | 74,280 |