Amanah Aid
Trustees’ report and Financial statements
For the year ended 31 December 2020
1a Brayford Square London E1 0SG Registered charity no: 1167598
CONTENT
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Structure: Governance and Management | 2 |
| Independent Examiner’s Report to the | |
| Board of Trustees of Amanah Aid | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 |
LEGAL AND ADMINISTRATIVE INFORMATION
Status
Charitable Incorporated Organization in England & Wales Registered 10[th] June 2016.
Charity Registration Number: 1167598
Trustees
Mr Abdul Gaffar Muhammed Shahed Alam Mohammed Foijul Islam
Registered Office
1a Brayford Square London E1 0SG
Company Address
1a Brayford Square London E1 0SG
Banker
Lloyds Bank
Accountant
Alamgir Hossain. ACCA 64 Gale Street Dagenham, RM9 4PA
Page 1 of 9
STRUCTURE: GOVERNANCE AND MANAGEMENT Governing Document Amanah Aid is established as a charitable organization cio with the Charity s Commission and is governed by a constitution. amongst victims of natural or other kinds of disaster, in particular in Bangladesh and the UK, in the form ol food, food banks, food vouchers and money lor other means deemed suilablel lor persons. bodies. organizalions and/or countries allected including the provision ol medical aid by arranging lor the purchase and delivery ol aid to such areas- co-operating wth others lo gel aid lo the right place,. idenlilying the real needs ol those affected by disaster and ways ol meeting those needs., The organizalion réceived ils charity status from the Charity Commission on the 10, June 2016. The organizalions is very small and simple in structure, enabling il lo be locused on ils objectives enabling three Irust8e', Chaiman. Secretary and Treasure to run the day lo day work with the support ol other members and seek external support where required in the area of finance and accounts etc. 5. To further and a(fvance such othgr purposes which may be charitable according to the law ol England and Wales as the trustees see fit from tirne to lime. The Iruslees ensure to the best of their ability to ensure proper due diligence is carried out. end use ol fund and value lor money in implementing projects. Publlc Benellt The Trustees confirm Ihal they have considered the general guideline issued by the Charity Commission in connection with Public Benefit in setting the objectives ol the Charity and in particular they have considered hold planned activities further the Charity's objects. Our Aims and Objectives 1. The advancement ol education lor the benelrt ol the general public, in particular but not exclusively for the poor and needy people ol Bangladesh aThJ UK by funding and supporting existing ongoing educational inslilules and organizations. Achievemenis and Performance Housbn After launching the housing project in 2019 we've managed lo fund another 10 Houses in 2020 helping many more poor larnilies and people in Sylhet, Sunamganj and Maulvibazar with permanent housing. Our Houses are generally 2 bedrooms with toilet or kitchen. 2. The relief of sickness and the presetvation ol health, in particular but not exclusively, among poor and needy people living in Bangladesh by funding and supporting existing ongoing healthcare inslilules and organizations and by funding and supporting the inslallalions ol bore holes, water pumps and latrines buildings. Romadan F rc top £5,644 was spent on Ramadan food projects to help and support around 500 families with 500 small Ramadan food pack. Food pack generally contains Rice, Oil, Onion, Potatoes, Sali and Lentil, Chick Peas and Dates 3. The ieliet ol financial hardship, in particular bul not exclusively, among poor and needy people living in Bangladèsh by lunding and supporting the building ol new tomporary and pemianenl housing and repairing existing shelters damaged by natural and man-made disasters. Amanah Aid lunded around 35 Water Tubewells in many different part ol Sylhel, Sunamganj, Habiganj and Maulvibazar districts 4. The relief of financial need and suffering Page2of9
of Sylhet Division. Hundreds of people will benefit from clean and decent water any material departure disdosed and explained in the financial statements: and Educatlon Pr Amanah supported the establishment of first Boarding Jamia in Auckland, New Zealand with a special £30k fundraising drive on Totalgiving plarfom in March 2020. ect= Prepare the finanaal statements are on going concern basis unless it is inappropriale to presume that the charity will continue to operate. We have budget in operalion for the next year and hope to achieve expected target. Risk Management The Trustees identify any risks to which the Charity might be exposed, including risks to the Charity's financial position, and reputation. Once these are reviewed, systems will be established to address these risks. The Trustees, will going lornard, review risk management on and regular basis. The tnjstees are responsible to maintain proper accounting records which disclose with reasonable accuracy at any time, the financial position of the Charity and to enable them to ensu that the financial slatement comply with the companies act 2006. The tfustees are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection or fraud and other irregularities. These Accounts have been delivered in accordance with the provisions applicable to charities. Future Plan Covid-19 was a major setback for many charities and organization in terms of planning and fundraising but we still manage to (Jo quite well thanks to our donors and supporters. In the future we want to focus more on community based projects like schools and masjids etc in poor and remote areas. Banker Lloyds Bank Trustses Responsibilities In relation to the Flnancial Ststements Company law requires the trustees to prepare Financial Statements which give a true and fair view of the slate of affairs of the Charity's at the end of the financial year and of its surplus or defiat for the financial period. In doing so the trustees are required to.. Accountant Charity Finance andAccounting 64 Gale Street am, RM9 4PA Foijul Islam Chair Select suitable accounting policies and apply consistently. Make judgments and estimates that are reasonable and prudent., Abdul Gaffar Treasurer Date.. State whether applicable accounting standard have been followed, subject to Page3of9
INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES OF AMANAH AID
I report on the accounts of the Amanah Aid for the year ended 31[st] December 2020, which are set out on pages 7 to 9.
Respective responsibilities of Trustees and Examiner
evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(1) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission.
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
Have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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This report is prepared for the internal use of Amanah Aid only. No responsibility is assumed to any other person.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the
Alamgir Hossain, ACCA Charity Finance and Accounting London
Date: 16.10.2021
Page 4 of 9
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2020
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||
| Notes | £ | £ | £ | £ | |
| INCOME | |||||
| Voluntary income: | |||||
| Donations | 2 | 50,588 | 35,989 | 86,577 | 46,037 |
| TOTAL INCOME | 50,588 | 35,989 | 86,577 | 46,037 | |
| EXPENDITURE | |||||
| Costs of raising funds: | |||||
| Fundraising cost | 2,339 | - | 2,339 | 7,210 | |
| Expenditure on charitable activities: | |||||
| Programme expenditure | - | 70,146 | 70,146 | 51,220 | |
| TOTAL EXPENDITURE | 3 | 2,339 | 70,146 | 72,485 | 58,430 |
| Net income/(expenditure) and net | |||||
| movement in funds for the year | 48,249 | (34,157) | 14,092 | (12,393) | |
| Reconciliation of funds: | |||||
| Transfers between funds | 4 | (34,157) | 34,157 | - | - |
| Total Funds brought forward | 4 | 14,140 | - | 14,140 | 26,533 |
| Total funds carried forward | 28,232 | - | 28,232 | 14,140 |
The results for the year shown above all derive from continuing operations.
All recognised gains and losses are reflected in the Statement of Financial Activities and therefore no separate statement of total recognised gains and losses has been presented.
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 5 of 9
BALANCE SHEET Balance sheet as at 31 December 2020
| Notes Fixed assets Tangible assets Investments Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets The funds of the charity: Unrestricted income funds - General fund 4 - Designated fund 4 Restricted income funds Total charity funds |
2020 £ - - - - 28,232 28,232 - 28,232 - 28,232 28,232 - - 28,232 |
2019 £ - - |
|---|---|---|
| - - 14,140 |
||
| 14,140 - |
||
| 14,140 - |
||
| 14,140 | ||
| 14,140 - - |
||
| 14,140 |
The financial statements were approved by the Trustees on: 15.10.2021 and signed on its behalf by:
| Foijul Islam | Abdul Gaffar |
|---|---|
| Chairman | Treasurer |
The accompanying notes on pages 7 to 9 form an integral part of these Financial Statements
Page 6 of 9
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
1 Accounting policies
a) Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The accounting policies below have been adopted for material items.
b) Incoming resources
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when Amanah Aid is entitled to the receipt and the amount can be measured with reasonable certainty. Gifts in Kind for which Amanah Aid accepts full responsibility for distribution are included in income at their market value when it is distributed and under Charitable Activities at the same value and time. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognized in full in the Statement of Financial Activities in the year in which they are receivable.
c) Resources expended Resources expended are recognized in the year in which they are incurred.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
d) Tangible fixed assets and depreciation Non-programme expenditure of more than £50 per item for buildings, equipment and leasehold improvements is capitalised at cost. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
| Leasehold properties | Straight line over |
|---|---|
| the life of the lease | |
| Freehold properties | 5% straight line |
| Computers and software | 25% straight line |
| Fixtures and fittings | 15% straight line |
| Office equipment | 15% straight line |
| Motor vehicles | 15% straight line |
e) Funds
General funds are unrestricted funds which are necessary for the proper functioning of the charity and other funds available for use at the discretion of the trustees in furtherance of the charity’s objectives.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds are funds which are subject to specific restrictions as imposed by the donor or nature of the appeal.
f) Taxation
As a registered charity, Amanah Aid is exempt from taxation of income and gains to the extent these are applied to charitable objectives
Page 7 of 9
| Unrestricted Funds 2 Donations £ General Donation 50,588 50,588 3 Analysis of expenditure on charitable activities Direct Staff costs costs £ £ Cost of generating funds 2,271 - Charitable activities Emergency relief - Housing 25,225 Education 29,947 WASH 7,444 Ramadan Food pack 5,479 Total Charitable activities 68,095 - Total expenditure 70,366 - |
Restricted Funds £ 35,989 35,989 Support costs £ 68 - 760 902 224 165 2,051 2,119 |
Total 2020 £ 86,577 86,577 2020 Total costs £ 2,339 - 25,985 30,849 7,668 5,644 70,146 72,485 |
Total 2019 £ 46,037 |
|---|---|---|---|
| 46,037 | |||
| 2019 Total costs £ 7,210 - 39,335 3,225 3,622 5,038 |
|||
| 51,220 | |||
| 58,430 |
3.1 Analysis of governance and support costs
| Governance cost Legal & Other Professional Fees Support costs Printing and Stationeries Office Expenses |
2020 £ 500 500 - 1,619 1,619 2,119 |
2019 £ 500 |
|---|---|---|
| 500 1,200 298 |
||
| 1,498 | ||
| 1,998 |
Page 8 of 9
| 3.2 Staff cost and number of employees The average monthly numbers of employees in the UK during the year were: Permanent Temporary Volunteer (head count) Employment costs Gross Pay Employer's national insurance |
2020 Number - - - 2020 £ - - - |
2019 Number - - - |
|---|---|---|
| 2019 £ - - |
||
| - |
No employee earned more than £60,000 during the year (2018: None).
4 Movement of funds
| Unrestricted funds General fund Total unrestricted funds Restricted funds Housing Education WASH Ramadan Food pack Total restricted funds TOTAL |
As at 01-Jan-20 £ 14,140 14,140 - - - - - 14,140 |
Incoming Resources £ 50,588 50,588 4,400 28,193 - 3,396 35,989 86,577 |
Resources Expended £ (2,339) (2,339) (25,985) (30,849) (7,668) (5,644) (70,146) (72,485) |
Transfers £ (34,157) (34,157) 21,585 2,656 7,668 2,248 34,157 - |
As at 31-Dec-20 £ 28,232 |
|---|---|---|---|---|---|
| 28,232 | |||||
| - - - - |
|||||
| - | |||||
| 28,232 |
Page 9 of 9