dmdnd dl Amanah Aid Trustees, report and Financial statements For the year ended 31 December 2022 18 Brayford Squ8re London E1 OSG Registered charity no.. 1167598 CONTENT Page Legal and Administrative Information Structure.. Governance and Management Independent Examiner's Report to the Board of Trustees ofAmanah Aid Statement of Financial Activities Balance sheet Notes to the financial statements LEGAL AND ADMINISTRATIVE INFORMATION Status Charitable Incorporated Organizalion in England & Wales Registered 10th June 2016. Charity Registration Number.. 1167598 Trustees Abdul Gaffar l Until 31.12.20221 M Foijul Islam Fuzel S Ahmed l Until 31.12.20221 Md Kamal Mamnoon IFrom 01.01.20231 Shahed Alam I IFrom 01.01.20231 Registered Office 1 a Brayford Square London E1 OSG Company Address 1 a Brayford Square London E1 OSG Banker Lloyds Bank Accountant Alamgir Hossain. ACCA 64 Gale Street Dagenham, RM9 4PA STRUCTURE: GOVERNANCE AND MANAGEMENT Governing Document Amanah Aid is established as a charitsble organization CIO with the Charity's Commission and is govemed by a constitution. The organization received its charity Status from the Charity Commission on the 1 Oth June 2016. The organizations is very small and simple in structure, enabling it to be focused on its objectives enabling three trustee,. Chairman, Secretary and Treasure to run the day to day work with the support of other members and seek external support where required in the area of finance and accounts etc. The trustees ensure to the best of their ability to ensure proper due diligen￿ is carried out, end use of fund and value for money in implementing projects. Our Aims and Objectives 1. The advancement of education for the benefit of the general public, in particular but not exclusively for the poor and needy people of Bangladesh and UK by funding and supporting existing ongoing educational institules and organizalions. 2. The relief of sickness and the preservation of health, in particular but not exclusively, among poor and needy people living in Bangladesh by funding and supporting existing ongoing healthcare institutes and organizations and by funding and supporting the installations of bore holes, water pumps and latrines buildings. 3. The relief of financial hardship, in particular but not exclusively, among poor and needy people living in Bangladesh by funding and supporting the building of new temporary and permanent housing and repairing existing shelters damaged by natural and man-made disasters. 4. The relief of financial need and suffering amongst victims of natural or other kinds of disaster, in particular in Bangladesh and the UK, in the form of food, food banks, food vouchers and money {or other means deemed suilable) for persons, bodies, organizations andlor countries affected including the provision of medical aid by arranging for the purchase and delivery of aid to such areas., c operating with others to get aid to the right place., identifying the real needs of those affected by disaster and ways of meeting Ihose needs., 5. To further and advance such other purposes which may be charitable according to the law of England and Wales as the trustees see fit from time to time. Public Benefit The Trustees confinn that they have considered the general guideline issued by the Charity Commission in connection with Public Benefit in setting the objectives of the Charity and in particular they have considered hold planned activities further the Charity's objects. Achievements and Performance Our main project in 2022 was to support the victims of deadly flood in Sylhet Division of Bangladesh with food, medicine etc in JunelJuly 2022 for which we spent over £12k inc support cost allocation. Annual Ramadan food pack programme was carried out to help around 500 poor and needy families with their Ramadan food provision in many different areas of Sylhet, Sunamganj, Habiganj and Maulvibazar District.Also towards the end of 2022 we've started sending funds for our long awaited 2 x masjid project one in Habignaj district and one in Sunamganj district for which around £2.5k was sent out and more will sent in 2023. 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 forward, review risk management on a regular basis. Future Plan There is no major plan atthe moment and wewanttofocus on existing projects like Ramadan food pack, Winter, Emergencies like flood, cyclone etc and we may also look at establishing a long term community or education center for poor and needy people. Financial review In the year 2022 Amanah Aid raised a total of £22,089 (202.. £25,050 which is slightly less compare to the previous financial year due to hardship with cost of living and donors donating a bit less then other years and spent £24,48812021.' £23,790) leaving a deficit of £2,39912021'. sU￿lUS £,1260}. £289 was spent on Fundraising and £24,199 on charitable projects (details are shown in note 3}. The closing fund balance at the end of the year was £27,093 for general unrestricted fund after transferring of £12,487 to the restricted project. Chart below shows expenditure in Yo Ramadan Food pack, 9% Fundraisin& 12% WASH. 6% Education Housing, 67% Trustees Responsibilities in relation to the Financial Statements Company law requires the trustees to prepare Financial Statements which give a true and fair view of the state of affairs of the Charity's at the end of the financial year and of its surplus or deficit for the financial period. In doing so the trustees are required to: Select suitable accounting policies and apply consistently., Make judgments and estimates that are reasonable and prudent., Stale whether applicable accounting standard have been followed, subject to any material departure disclosed and explained in the financial statements., and Prepare the financial statements are on a going con￿rn basis unless it is inappropriate to presume that the charity will continue to operate. We have budget in operation for the next year and hope to achieve expected target. The trustees 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 ensure that the financial statement comply with the companies act 20Q6. The trustees 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. Approved By: Foijul Islam Trustee Date.. 17.10.2023 Md Kamal Mamnoon Truslee Date'.17.10.2023 Shahed Alam Trustee Date.. 17.10.2023 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 31st December 2022, which are set oul on pages 5 to 9. evidence that would be required in an audit, and consequently no opinion is given as to whether Ihe accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Respective responsibilities of Trustees and Examiner Independent examiner's statement The charity's Iruslees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not reqLJired for this year under section 144111 of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed. In the course of my examination, no matter has come to my attention.. which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with Seclion 130 of the 2011 Act,. and It is my responsibility to: examine the accounts under sects'on 145 of the 2011 Acl., to follow the Pro￿dureS laid down in the general Directions given by the Charity Commission (under section 145(5)Ib} of the 2011 Act., and to state whether particular matters have come to my attention. 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. Basis of independent examinerfs report My examination was carried out in accordance with general Directions given by the Charity Commission. 3. This report is prepared for the internal use of Amanah Ad 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.. 17.10.2023 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022 1 Accounting policies Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. Basis of accounting The financial stslemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- (Charities SORP {FRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The accounting policies below have been adopted for material items. Man8gement and adminislralion costs are those incurred in connection with administration of the charity and compliance with constilulional and slalutory requirements. d) Tangible fixed assets and depreciation Non-programme expenditure of more than £50 per item for buildings, equipment and leasehold improvements is capitalised al cost. Depreciation is provided al rates calculated to write off the cost less residual value of each asset over ils expected useful life, as follows.. bl Incoming resources Voluntary income is re￿iVed by way of donations and gifts and is included in full in the Statement of Financial Activities when Amanah Aid is entitled lo the re¢eipl 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 al their market value when rft is distributed and under Charitable Activities al the same value and lime. The value of services provided by volunteers has not been included. Leasehold properties Straight line over the life of the lease 50A straight line 25% slraighl line 15010 straight line 15% slraighl line 15% slraighl line Freehold properties Computers and software Fixtures and fillings Office equipment Motor vehicles Funds General funds are unreslricled funds which are necessary for the proper functioning of the charity and other funds avaiLable for use al the discretion of the Iruslees in furtherance of the charity's objectives. Grants, including grants for the purchase of fixed assets, are re¢ognized in full in the Statement of Financial Activities in the year in which they are receivable. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. Resources expended Resources expended are recognized in the year in which they are incurred. Restricted funds are funds which are subject to specific restrictions as imposed by the donor or nature of the appeal. Fundraising costs are those incurred in seeking voluntary contributions and do not include the Costs of disseminating infomialion in support of the charitable activities. Taxation As a registered charity, Amanah Aid is exempt from taxation of income and gains lo the extent these are applied to charitable objecttives ## STATEMENT OF FINANCIAL ACTIVITIES **For the year ended 31 December 2022** |||**Unrestricted**|**Restricted**|**Total**|Total| |---|---|---|---|---|---| |||**Funds**|**Funds**|**2022**|2021| ||**Notes**|£|£|**£**|£| |**INCOME**|||||| |_Voluntary income:_|||||| |Donations|2|10,377|11,712|**22,089**|25,050| |**TOTAL INCOME**||**10,377**|**11,712**|**22,089**|25,050| |**EXPENDITURE**|||||| |**Costs of raising funds:**|||||| |Fundraising cost||289|-|**289**|3,327| |**Expenditure on charitable activities:**|||||| |Programme expenditure||-|24,199|**24,199**|20,463| |**TOTAL EXPENDITURE**|3|**289**|**24,199**|**24,488**|23,790| |**Net income/(expenditure) and net**|||||| |**movement in funds for the year**||**10,088**|**(12,487)**|**(2,399)**|1,260| |**Reconciliation of funds:**|||||| |Transfers between funds|4|(12,487)|12,487|**-**|-| |Total Funds brought forward|4|29,492|-|**29,492**|28,232| |**Total funds carried forward**||**27,093**|**-**|**27,093**|29,492| 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 2022** |**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
Restricted income funds
**Total charity funds**|**2022**
**£**
**-**
**-**
**-**
**-**
**27,093**
**27,093**
**-**
**27,093**
**-**
**27,093**
**27,093**
**-**
**27,093**|2021
£
-
-| |---|---|---| |||-
-
29,492| |||29,492
-| |||29,492
-| |||29,492| |||29,492
-| |||29,492| The financial statements were approved by the Trustees on: 17.10.2023 and signed on its behalf by: Foijul Islam Abdul Gaffar Chairman Secretary 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 2022** ## **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| |---|---| |Freehold properties
Computers and software
Fixtures and fittings
Office equipment
Motor vehicles|the life of the lease
5% straight line
25% straight line
15% straight line
15% straight line
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 objective Page 7 of 9 |**Unrestricted**
**Funds**
**2**
**Donations**
£
General Donation
10,377
**10,377**|**Restricted**
**Funds**
£
11,712
**11,712**|**Total**
**2022**
**£**
22,089
**22,089**|Total
2021
£
25,050| |---|---|---|---| ||||25,050| |**3**|**Analysis of expenditure on**|**charitable activities**|||**2022**|2021| |---|---|---|---|---|---|---| |||Direct|Staff|Support|**Total**|Total| |||costs|costs|costs|**costs**|costs| |||£|£|£|**£**|£| ||**Cost of generating funds**|263|-|26|**289**|3,327| ||**Charitable activities**|||||| ||Emergency relief|11,255||1,113|**12,368**|-| ||Housing|-||-|**-**|2,201| ||Masjid Project|2,583||255|**2,838**|5,545| ||Ramadan Food pack|8,184||809|**8,993**|12,717| ||**Total Charitable activities**|22,022|-|2,177|**24,199**|20,463| ||**Total expenditure**|**22,285**|**-**|**2,203**|**24,488**|23,790| ## **3.1 Analysis of governance and support costs** ||**2022**|2021| |---|---|---| ||**£**|£| |**Governance cost**||| |Legal & Other Professional Fees|**500**|500| ||**500**|500| |**Support costs**||| |Office Expenses|**1,703**

|1,838
| ||**1,703**|1,838| ||**2,203**|2,338| 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|**2022**
**Number**
**-**
**-**
**-**
**2022**
**£**
**-**
**-**
**-**|2021
Number
-
-
-| |---|---|---| |||2021
£
-
-| |||-| No employee earned more than £60,000 during the year (2021: None). ## **4 Movement of funds** |**Unrestricted funds**
General fund
**Total unrestricted funds**|**As at**
**01-Jan-22**
**£**
29,492
**29,492**|**Incoming**
**Resources**
**£**
10,377
**10,377**|**Resources**
**Expended**
**£**
(289)
**(289)**|**Transfers**
**£**
(12,487)
**(12,487)**|**As at**
**31-Dec-22**
**£**
27,093| |---|---|---|---|---|---| ||||||**27,093**| ## **Restricted funds** |Emergency relief|-|9,764|(12,368)|2,604|-| |---|---|---|---|---|---| |Masjid Project|-|-|(2,838)|2,838|-| |Ramadan Food pack|-|1,948|(8,993)|7,045|-| |**Total restricted funds**|**-**|**11,712**|**(24,199)**|**12,487**|**-**| |**TOTAL**|**29,492**|**22,089**|**(24,488)**|**-**|**27,093**| Page 9 of 9