## **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;
- 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
- 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:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
Have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
3. 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