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2024-12-31-accounts

Trustees’ Annual Report

For the year ended 31 December 2024 Charity: Amna Refugee Healing Network CIO Registered charity no.: 1203454

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2) Structure, Governance and Management

Legal status & governing document

Amna is a Charitable Incorporated Organization (CIO) governed by its Constitution dated 7 June 2023. The Constitution sets the objects, powers (including employment and remuneration of staff), and trustee eligibility/appointment terms.

Objects

The CIO's objective is the relief of mental suffering and physical hardship of refugees, asylum seekers, displaced persons and other migrants, including through essential goods, welfare and counseling services.

Board & membership

The members of the CIO shall be its charity trustees. The only persons eligible to be members of the CIO are its charity trustees. Membership of the CIO cannot be transferred to anyone else. Trustees can serve four-year terms, appointed by board resolution, with requirements on eligibility and induction set in the Constitution.

Decision-making & delegation

The Board sets strategy, approves budgets and oversees financial management, and organisational risk and compliance. Day-to-day management is delegated to the CEO and Senior Leadership Team (SLT) in line with the Constitution and board-approved schemes of delegation. The Board regualarly meets once per quarter for a structure organizational review. Extraordinary meetings are held as required, additional to Board Chair and CEO check-ins.

Management & staffing

Amna currently operates with 25 employees across: Senior Leadership Team, Programmess & Partnerships; Finance & Operations; HR & People and Culture; Learning & Impact; Fundraising, Communications & Advocacy.

Amna’s operating model functioning through a hybrid team working remotely and in person with personnel in the UK and across 7 countries. Our core team works in partnership with an employer of record. The SLT (CEO, Head of Operations, Head of Programmes) implements strategy and manages resources.

Trustee recruitment, induction & training

Trustees are recruited via an open, skills-based process; induction includes review and alignment with the Amna Constitution, Amna’s strategy, Mission & approach and operating model; Amna’s risk and compliance management approach Amna latest 2

Annual Report & Accounts, and key policies (safeguarding, finance, conflicts). Ongoing development includes governance briefings and external training.

Remuneration of senior staff

Pay for CEO and SLT is set by the Board with regard to sector benchmarks, responsibilities, and affordability; trustees are unpaid except as permitted by law.

Related parties

The charity has no subsidiaries and no related-party transactions in the year. It collaborates project-by-project with Non Govermantal Organisations (NGOs) and Community Based, Civil Society and Refugee Led NGOs (CBOs, CSOs and RLOs); these relationships do not constitute control or dependency.

3) Objectives and Activities

Amna works to create safe, trauma- and identity-informed spaces that support healing, resilience and belonging among conflict and displacement affected communities, and to build the capacity of local organizations and develop healing centered systems of care. Key activity pillars include:

Public benefit

The trustees adhered to the Charity Commission's public benefit guidance when planning activities.

4) Achievements and Performance (High-Level)

In 2024, Amna Refugee Healing Network CIO continued to expand its reach and impact across multiple geographies, strengthening traumaand identity-informed programming and deepening partnerships with grassroots organizations supporting displaced communities.

Overall Reach and Growth

By the end of 2024, Amna had directly reached 15,272 individuals, marking a significant increase from 6,546 individuals in 2023, representing a 134% growth in annual reach. Since Amna's inception, cumulative direct reach as of Nov. 2025 stands around 81000 individuals. This excludes a number of Amna’s emergency response programmes where reach is not counted.

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Key Impact Highlights (as of 2024)

Indicator 2024 Cumulative Notes / Highlights
Results (2016–2025)
Children reached 3,985 23,507 Healing and wellbeing activities
for
children
affected
by
displacement.
Youth reached 4,332 8,489 Youth
leadership
and		 peer-
support sessions across partner
programmes.

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Caregivers reached Caregivers reached 1,042 4,299 Parent and caregiver wellbeing
training
through
Baytna
and
partner spaces.
Refugee adults (not 4,543 13,106 Inclusive
wellbeing
and
caregivers or psychosocial sessions for adult
children) refugees and asylum seekers.
Total
individuals		 953 3,357 Local
practitioners,
facilitators,
trained and
partner
staff
trained
in
trauma- and identity-informed
care.
Sessions delivered 263 3,984 Across
safe
healing
spaces,
training
workshops,
and
wellbeing sessions.
Long-term partner 9 9 Ongoing
collaborations
with
organisations trusted local NGOs in MENA,
Europe,and South Asia.
Short-term partner 233 681 Partners
receiving
short-term
organisations capacity-building
or sub-grant
support.
Wellbeing space 406 2,535 Participants
engaged
through
participants Amna’s
core
healing
and
wellbeing programmes.

Gender and Inclusion

In 2024, 7,047 females and 4,513 males were reached, alongside 45 individuals identifying as other genders. Amna also worked with 206 persons with disabilities (PWD) and 179 individuals ‘Professionals’ with lived refugee or displacement experiences, reflecting the charity's inclusive and community-centered approach.

Capacity Strengthening and Partnerships

Amna continued to support both long-term strategic partners and short-term grassroots organizations, offering sub-grants, training, and supervision to strengthen local traumainformed programming in Jordan, Lebanon, Palestine, Afghanistan, and Ukraine including the response countries i.e Poland. Through this model, Amna works with on the ground partners to build networks, and local capacities for healing spaces for the affected populations including refugees and internally displaced people.

locally led healing ecosystems that are contextually grounded and sustainable. Training and Systems Change

Amna trained 953 individuals across multiple countries in 2024, including frontline workers, educators, and NGO staff, equipping them with tools to embed trauma- and identity-informed care in community spaces and educational environments.

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This work contributes to Amna's broader aim of influencing systems of care and humanitarian practice to adopt healing-centered approaches.

Innovation Programme

Amna advanced its monitoring, evaluation, and learning (MEL) systems in 2024, introducing improved tracking tools and outcome frameworks to measure psychosocial wellbeing impact and partner capacity growth in more healing centered ways. The team also began developing organizational KPIs with automated dashboards to strengthen evidence-based decision-making.

5) Financial Review

The year to 31 December 2024 was financially stable for Amna Refugee Healing Network CIO, supported by continued strong relationships with core philanthropic partners and the securing of several multi‑year grant agreements. Total income for the year was £2,362,915 and total expenditure £1,834,741, resulting in an overall surplus of £528,174. This reflects the timing of grants received late in 2024 for delivery in 2025 and beyond.

During the statutory audit process, a technical question was raised regarding the VAT reverse charge mechanism and its applicability to Amna’s historic activities. In response, trustees and Amna Leadership immediately commissioned an independent tax advisor to complete a comprehensive review of the charity’s activities, contracts, and financial records. This review confirmed that Amna is within the scope of the reverse charge rules and identified two potential scenarios for the tax liability Both scenarios have been modelled and in neither scenario, in the opinion of the trustees, is the going concern basis of the financial statements impacted.

Overall position:

Amna ended the year in a healthy financial position, with total income of £2,362,915 and total expenditure of £1,834,741, resulting in an overall surplus of £528,174. This end-year funds reflects the timing of multi-year grants secured in late 2024 for the following years.

Type of Expenditure %
of
Total		 Description
Programmes 52 % Programme activities, project staff, SLT contribution to
programme delivery, and M&E costs.

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Core Cost 41 % Operational staff salaries, administration, finance, IT, and
general
operations
expenditure,
including
wellbeing
activities and HR costs.
Staff Capacity Building
& Trainings		 1 % Professional development and technical training for Amna
staff.
Fundraising 4 % Donor
engagement,
proposal
development,
and
partnershipmanagement.
Advocacy 2 % Communications,
sector
engagement,
and
policy
influencingactivities.
Capital Costs 0 % No significant capital investment duringtheperiod.
Grand Total 100 % —

These figures demonstrate that the majority of Amna’s expenditure (approximately 93 %) was dedicated directly to programme delivery and the operational systems that enable it.

5.1 Reserves Policy and Level

Amna Refugee Healing Network CIO maintains a formal Reserves Policy, approved by the Board of Trustees in April 2025, the policy provides a clear framework to ensure the charity’s financial stability, operational continuity, and sustainability.

Purpose and Principles

The purpose of holding reserves is to:

Reserves also demonstrate prudent financial management and strengthen stakeholder confidence, including donors, partners, and beneficiaries.

Target Level

Amna aims to maintain general reserves equivalent to three months of average operating costs covering:

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This level is considered sufficient to ensure continuity of essential services and allow time to respond to income disruption.

Sources of Reserves

Reserves are built from:

Where reserves fall below the minimum threshold, the Board will agree on a replenishment plan with defined timelines to restore them to the target range. When reserves exceed the maximum level, any surplus may be allocated to strategic priorities, such as organisational development, systems enhancement, or income diversification.

Amna aims to maintain a reserves range between £200,000 and £350,000 per year, equivalent to approximately three months of operational costs, to ensure the organization’s financial stability and continuity.

6) Fundraising

Amna’s fundraising in 2024 remained focused on institutional and foundation income, with little public or individual giving activity undertaken. The year was marked by the continuation of strong partnerships with key funders including the Schooner Foundation, Karl Kahane Foundation, Bernard van Leer Foundation, Hilton Foundation, and UBS Optimus Foundation, alongside the start of the onboarding of new strategic partners for 2025 including ICONIQ Impact Youth Mental Wellbeing Co-Lab and the LEGO Foundation.

Amna’s fundraising activities complied with Fundraising Regulator guidance, with robust internal oversight to ensure ethical standards and the safeguarding of any vulnerable donors. The organisation did not engage external fundraisers or third-party fundraising platforms during the reporting period. Despite a challenging philanthropic landscape, Amna maintained stable performance and strengthened its relationships with existing partners. Looking ahead, the fundraising strategy will prioritise increased core and unrestricted funding, the consolidation of key partnerships, and selective diversification to support long-term sustainability and readiness for 2026.

7) Principal Risks and Uncertainties

Amna maintains a comprehensive strategic risk register, reviewed quarterly by the Board. During 2024–2025, trustees oversaw significant strengthening of the organisation’s financial controls, risk processes, and governance structures. Key risks relevant to the period and the 2026 going‑concern horizon include:

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The Board reviews a strategic risk register quarterly.

Key risks and mitigations included:

Operational safety & security

Financial sustainability & control

Financial Compliance & Taxation Risk

These mitigations ensure that even under the more severe tax scenario, the charity can meet its obligations while protecting core services.

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Income diversification

People & culture

Compliance & governance

Safeguarding & serious incidents (incl. fraud)

External political instability

Cybersecurity & digital

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Programme competition

Risk management process

Going Concern

In preparing these financial statements, the trustees have assessed whether the charity is able to continue operating for at least 12 months from the date of approval. This assessment included review of the charity’s budgets, cashflow forecasts to February 2027, grant income schedules, reserves, and the tax advisor’s analysis of a potential historic VAT/reverse charge

Even under a severe‑but‑plausible scenario (delayed receipts and the higher tax outcome), liquidity remains manageable through the combined effect of instalment payments and the Operational Efficiencies & Contingency Plan approved by trustees.

The trustees therefore consider that the going concern basis of preparation is appropriate and that the uncertainties relating to the tax assessment do not constitute a material uncertainty that may cast significant doubt on the charity’s ability to continue.

8) Grant-making

Purpose

Amna delivers its mission through a Community Partnership Model, providing subgrants, training, and technical support to local organizations working with refugees and displaced communities. This approach strengthens community-led healing responses and builds sustainable local capacity in trauma-informed psychosocial support (MHPSS).

All grant recipients are selected through an open, transparent, and criteria-based process that values diversity, community ownership, and alignment with Amna's values of dignity, safety, inclusion, and learning.

Amna Due Diligence Process

Amna applies a structured due diligence process before entering any grant agreement to ensure that potential partners meet governance, financial, safeguarding, and legal standards.

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The process includes a review of:

Each partner is risk-rated (low, medium, or high) and reviewed by Amna's Finance and Operations teams, with final approval from the Senior Leadership Team. Due diligence records are maintained securely in compliance with GDPR and donor requirements.

This process ensures that Amna's funds are distributed responsibly, and that partners are capable of delivering high-quality, ethical, and compliant programs. On occasion Amna will work with an in-country partner to support Due Diligence where there is a particular set of risks to manage.

Grant Management and Oversight

Once approved, partners sign a Grant Agreement detailing objectives, budget, and reporting requirements. Funds are released in tranches based on verified progress and financial reporting. Amna's Finance and Programs teams or evaluation partners conduct regular monitoring, including narrative and financial report reviews, spot checks, and virtual or in-person visits where feasible. Grants are closed after submission and approval of final reports, with lessons learned to feed into future partnership cycles. This ensures accountability, transparency, and continuous learning within Amna's grant-making system.

Transparency and Continuous Improvement

Amna reviews its due diligence and grant-making procedures annually to reflect best practice and donor expectations. Lessons from audits, partner feedback, and field experience inform continuous improvement in compliance, financial integrity, and partner support systems.

9) Plans for the Future

Amna Refugee Healing Network CIO will enter the next strategic phase (2026–2028) focused on stability, sustainability, and deepened impact. Building on the 2025 Strategic Enablers Review, the organisation will consolidate its foundations while continuing to expand trauma- and identity-informed programmes for displaced communities.

Strategic Direction

Amna’s vision is to become a leading global expert and training provider for traumainformed and identity-informed refugee care. Over the next three years, focus will be placed on:

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Financial Sustainability

Amna will continue to address funding volatility through:

To strengthen financial sustainability, Amna will continue implementing scenario‑based planning that incorporates the ongoing tax assessment. This includes aligning the 2026–2027 strategy to realistic cashflow projections, prioritising core programmes, and maintaining readiness to activate the Operational Efficiencies & Contingency Plan should adverse conditions emerge

Operational Development

Priorities for 2026 include:

People and Culture

Recognising the pressures of rapid growth, Amna will prioritise staff wellbeing, equity, and retention, including a review of its global hiring strategy, salary scale and a revised recruitment, retention and remuneration policy, workload balance measures, and team development initiatives.

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Communications and Advocacy

Amna will invest in evidence-based storytelling and advocacy, positioning itself as a credible voice in global humanitarian forums and strengthening engagement with donors and supporters.

Key Milestones (2025–2026)

2025–2026 Priorities and Key Milestones

Q4 2025

Development of 2026 financial scenario and investments plan

Q1–Q2 2026

Q3–Q4 2026

10) Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and UK Accounting Standards (FRS 102 and Charities SORP), selecting suitable policies, making prudent judgements, and preparing on a going-concern basis unless inappropriate. Trustees must keep proper accounting records, safeguard assets, and prevent/detect fraud

Completion was delayed due to a technical tax review triggered during the audit, requiring external tax advisors to confirm Amna’s applicability under reverse charge rules, assess historic treatment, and produce scenarios for potential tax liabilities.

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Approval

The Trustees wish to record their gratitude to Amna’s staff, partners, volunteers, and donors, whose commitment continues to sustain our mission.

Explanation for Delay in Filing the 2024 Annual Report and Accounts

Filing of Amna's 2024 Annual Report and Accounts was unfortunately delayed due to a concern the auditors flagged just before submission noting a potential VAT liability, that required a technical tax review. Amna Management and Trustees acted immediately by commissioning an external tax advisor to undertake a full assessment of Amna’s relevant activities, contracts, and financial records from the point of potential liability. This review confirmed Amna’s falls within the reverse charge rules and identified two potential scenarios for the historic tax exposure. As this determination directly affected the presentation of the financial statements, the Amna trustees and management with the auditors considered it prudent to defer filing until the analysis was complete, ensuring accuracy and completeness, which is now the case.

This report was approved by the Board of Trustees on 4 March 2026 and signed on its behalf by:

Daniel Robinson (Chair)

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Independent auditor’s report to the trustees of Amna Refugee Healing Network CIO

Opinion

We have audited the financial statements of Amna Refugee Healing Network CIO (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Amna Refugee Healing Network CIO's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's trustees as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to

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anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Date: 11 March 2026

Sayer Vincent LLP, Statutory Auditor

110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

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Amna Refugee Healing Network CIO

Statement of financial activities

For the year ended 31 December 2024

Charitable activities
3
Investments
4
Total income
Charitable activities
6
Total expenditure
Transfers between funds
Net movement in funds
Total funds carried forward
Note
Income from:
Donations and legacies
2
Transfers from Refugee Trauma Initiative
and Amna Charitable Fund
5
Expenditure on:
Raising funds
6
Net income / (expenditure) for the year
8
Reconciliation of funds:
Total funds brought forward		 356,086
97
911,157
581,750
Unrestricted
£
19,492
535,482
126,034		 Restricted
£
-
1,451,758
-
-		 2024
Total
£
19,492
1,807,844
97
535,482
2,362,915
196,048
1,638,693
1,834,741
-
528,174
-
528,174
528,174		 Unrestricted
£
-
-
-
-		 Restricted
£
-
-
-
-		 2023
Total
£
-
-
-
-
1,451,758 - - -
70,014
1,056,943		 -
-		 -
-		 -
-
707,784 1,126,957 - - -
-
203,373		 -
324,801		 -
-		 -
-		 -
-
203,373
-		 324,801
-		 -
-		 -
-		 -
-
203,373 324,801 - - -

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Amna Refugee Healing Network CIO

Balance sheet (Charity number: 1203454)

As at 31 December 2024
Cash at bank and in hand
Net currentassets
Total assets less current liabilities
Total netassets
Total unrestricted funds
Total charity funds
Approved by the trustees on 4 March 2026 and signed on
Current assets:
Note
Debtors
13
Liabilities:
Creditors: amounts falling due within one year
14
The funds of the charity:
17
Restricted income funds
Unrestricted income funds:
General funds		 266,464

£
505,521		 £
-
-
-
-
528,174
528,174
528,174
324,801
-
203,373
528,174

2024
£		 -
2023
£
771,985
(243,811)
203,373
-
-
-
-
their behalf by
-

Date 04/03/2026 Daniel Robinson Chair

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Amna Refugee Healing Network CIO

Statement of cash flows

For the year ended 31 December 2024

Net cashprovided byoperating activities
Net cash provided byinvesting activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the end of the year
Analysis of cash and cash equivalents and of net debt
Cash at bank and in hand
Total cash and cash equivalents
Cash and cash equivalents at the beginning of the
year
Change in cash and cash equivalents due to
exchange rate movements
Cash flows from operating activities
Net incomefor the reporting period
(as per the statement of financial activities)
Investment income
Exchange rate loss
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash flows from investing activities:
Investment income		 2024
£
£
2023
£
£
528,174
-
-
-
-
269,110
-
97
-
97
-
269,207
-
266,464
-
-
269,207
(2,743)
266,464
-
(2,743)
-
-
At 1
January
2024
£
Cash flows
£
Other non-
cash
changes
£
At 31
December
2024
£
(97)
2,743
(505,521)
243,811		 2024
£
£
2023
£
£
528,174
-
-
-
-
269,110
-
97
-
97
-
269,207
-
266,464
-
-
269,207
(2,743)
266,464
-
(2,743)
-
-
At 1
January
2024
£
Cash flows
£
Other non-
cash
changes
£
At 31
December
2024
£
(97)
2,743
(505,521)
243,811		 2024
£
£
2023
£
£
528,174
-
-
-
-
269,110
-
97
-
97
-
269,207
-
266,464
-
-
269,207
(2,743)
266,464
-
(2,743)
-
-
At 1
January
2024
£
Cash flows
£
Other non-
cash
changes
£
At 31
December
2024
£
(97)
2,743
(505,521)
243,811
-
-
-
At 1
January
2024
£
-
-
-
-
266,464



At 31
December
2024
£
- 269,207
(2,743)		 266,464

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Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

a) Statutory information

Amna Refugee Healing Network (Amna) is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England and Wales.

The registered office address is 8-10 Grosvenor Gardens, London, SW1W 0DH.

b) Basis of preparation

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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The current year figures are for the year ended 31 December 2024 and the prior year figures are for the period from registration on 7 June 2023 to 31 December 2023.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

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Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

25

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

1 Accounting policies (continued)

k) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is allocated between the cost of raising funds and charitable expenditure on the basis of the number of staff engaged in each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

m) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £2,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

n) 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.

o) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

p) Creditors and provisions

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.

q) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

r) Pensions

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

26

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

Donations
Donated services		 Unrestricted
£
14,492
5,000		 Restricted
£
-
-		 2024

Total
£
14,492
5,000
Unrestricted

£
-
-		 2023
Restricted
Total
£
£
-
-
-
-
-
-
19,492 - 19,492 -
Grants
Consultancy income		 302,463
53,623
Unrestricted
Restricted
£
£
356,086
1,451,758
1,451,758
-		 2024

Total
£
1,754,221
53,623
Unrestricted

£
-
-		 2023
Restricted
Total
£
£
-
-
-
-
-
-
1,807,844 -

Refer to Note 17 for details of grants received.

Consultancy income is received from organisations seeking to strengthen their capacity for traumainformed, community-led mental health and psychosocial support.

Interest income 2024
2023
Unrestricted
Restricted
TotalUnrestricted
Restricted
Total
£
£
£
£
£
£
97
-
97
-
-
-
97
-
97
-
-
-

5 Transfers from Refugee Trauma Initiative and Prism Fund

During the year, as part of the establishment of Amna, £535,482 was transferred from Refugee Trauma Initiative and Amna Charitable Fund, a restricted fund under the auspices of Prism the Gift Fund (Reg. charity number 1099682), both of which previously carried out Amna's activities.

27

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

6
Analysis of expenditure
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023
Staff costs (Note 9)
Grants made to partners
Sub-grants to Refugee Trauma Initiative
Programme costs
Consultancy fees
Travel and accomodation
Premises and office costs
Audit and legal costs
Other costs		 Raising funds
& publicity
£
105,951
87,245
2,852
196,048
-
45,919
-
47,908
-
-
9,451
55
-
2,618		 Charitable
activities
£
1,053,062
567,090
18,541
1,638,693
-
291,269
435,529
176,304
94,830
21,916
16,345
4,588
-
12,281		 Governance
costs
£
21,393
-
(21,393)
-
-
-
-
434
-
-
-
-
20,419
540		 Support
costs
£
654,335
(654,335)
-
-
-
205,578
-
142,455
-
35,200
14,710
52,512
-
203,880		 2024
Total
£
1,834,741
-
()
1,834,741
542,766
435,529
367,101
94,830
57,116
40,506
57,155
20,419
219,319		 2023
Total
£
-
-
-
-
-
-
-
-
-
-
-
-
-

Sub-grants to Refugee Trauma Initiative were to fund expenditure on grants received by Amna before Amna commenced

27

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

7 Grant making

Grant making
Cost
Grants made to partners in:
Jordon
Lebanon
Ukraine
At the end of the year		 Grants to
institutions
£
108,603
85,208
241,718		 2024
£
108,603
85,208
241,718		 2023
£
-
-
-
435,529 435,529 -

Amna makes grants to community organisations to provide mental health and psychosocial support to refugees. In 2024 grants were made to around 34 partners. Grants ranged from £4,000 to £25,000.

8 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Operating lease rentals payable:
Property 7,104 -
Auditor's remuneration:
Audit including VAT 18,360 -
Other services - -
Foreign exchange gains or losses (2,743) -

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Other forms of employee benefits		 2024
£
447,485
64,422
11,131
19,728		 2023
£
-
-
-
-
542,766 -

28

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

No employee earned more than £60,000 during the year.

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £176,417 (2023: £nil).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £434 (2023: £nil) incurred by one (2023: nil) member relating to attendance at meetings of the trustees.

10 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 21.2 (2023: nil). Staff were legally employed by Velocity Global LLC a provider of global employer of record, HR and payroll services. All employees were full-time.

Staff are split across the activities of the charity as follows (full time equivalent basis):

Raising funds
Charitable activities
Support		 2024
No.
1.8
11.7
7.7		 2023
No.
-
-
-
21.2 -

11 Related party transactions

There are no related party transactions to disclose for this or the previous financial perod.

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

12 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

29

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

13
Debtors
Trade debtors
Other debtors
Prepayments
Accrued income
14
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals		 2024
£
53,270
230,059
9,865
212,327		 2023
£
-
-
-
-
505,521 -
2024
£
45,393
2,218
196,200		 2023
£
-
-
-
243,811 -

30

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

15 Pension scheme

Amna works with a global Employer of Record (EoR) provider, Velocity Global LLC to ensure full compliance with local employment laws and regulations in each country. In each jurisdiction where Amna has employees, the EoR is responsible for enrolling staff in the mandatory local pension or social security scheme, where applicable, and for remitting the required employer and employee contributions in accordance with local legislation. These statutory schemes are generally state-administered multi-employer plans. In each case, the relevant statutory pension contributions were paid via the EoR provider as required under national law. Amna has no legal obligation beyond the payment of statutory contributions.

The number of members in each country's scheme at 31 December 2024, the name of the scheme and if the scheme is defined benefit or defined contribution are as follows:

France
Union de recouvrement des cotisations de sécurité
sociale et d’allocations familiales (URSSAF)
Germany
Deutsche Rentenversicherung (Gernan Pension
Insurance)
Greece
National Social Security Fund (EFKA)
India
Employees' Provident Fund Organisation
Israel
Bituah Leumi (National Insurance Institute)
Switzerland
AXA AHV Pension Insurance
United
Kingdom
National Employment Savings Trust (NEST)
United States
401(k) Plan
DB
DB
DB
DC
DC
DC
DC
DC
Country
Scheme
DC/DB		 1
-
1
-
5
-
1
-
1
-
1
10
-
1
-
2024
2023
No.
No.
21
-

The overall pension charge for the year was £11,131 (2023: £nil). At 31 December 2024, no contributions were outstanding (2023: £nil). The pension charge does not include contributions to the French and Greek social security schemes.

16 Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Net current assets
Net assets at 31 December 2024		 General
unrestricted
Restricted
Total
funds
£
£
£
203,373
324,801
528,174
203,373
324,801
528,174

31

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

17 Movements in funds

Movements in funds
Restricted funds:
Bernard van Leer Foundation
Choose Love - 2024
Choose Love - Palestine
Comic Relief
Conrad N. Hilton Foundation
Karl Kahane Foundation -
2024
Karl Kahane Foundation -
Lebanon
Auxilium Foundation
UBS Optimus Fondation UK
Schooner Foundation
Total restricted funds
Total funds
Unrestricted funds		 At 1
January
2024
Income &
gains
£
£
-
214,717
-
135,000
-
50,000
-
47,500
-
272,007
-
66,368
-
39,774
-
50,392
-
520,000
-
56,000		 Expenditure
& losses
£
(142,382)
(135,000)
(50,000)
(47,500)
(141,277)
(66,368)
(24,604)
(50,392)
(417,127)
(52,307)		 Transfers
from RTI &
Amna Charit
able Fund
£
-
-
-
-
-
-
-
-
-
-		 Transfers
At 31
December
2024
£
£
-
72,335
-
-
-
-
-
-
-
130,730
-
-
-
15,170
-
-
-
102,873
-
3,693
-
1,451,758
378,481
-
1,830,239
-		 (1,126,957)
(710,590)		 -
535,482		 -
324,801
-
203,373
-
528,174
(1,837,547) 535,482

Purposes of restricted funds

Bernard van Leer Foundation : awarded to implement the final 2023 phase of Amna's strategy consolidation and towards Amna's Community Healing Partnerships programme in one new region in 2024 and 2025.

Choose Love: the 2024 grant was awarded to offset expenses including salaries in operational and programmic roles and to partially support Amna's Dinami programme in Greece.

The Palestine grant contributed to Amna's emergency programme to provide mental health and psychosocial support to children and families affected by the war in Gaza.

Comic Relief: awarded to expand certain programmes in the Middle East, specifically in Lebanon and Jordon.

Conrad N. Hilton Foundation: awarded to support Amna's Afghanistan Emergency Response programme.

32

Amna Refugee Healing Network CIO

Notes to the financial statements

For the year ended 31 December 2024

17 Movements in funds (continued)

Karl Kahane Foundation: the 2024 grant was awarded to support the programme Building Community Capacity for Healing Through Amna's Community Partnerships Model.

The Lebanon grant was to awarded to support Amna's Emergency Funding - Lebanon programme.

Auxilium Foundation: awarded for Amna's project Healing the scars of displacement for refugees worldwide: growing Amna.

UBS Optimus Foundation UK: awarded for Amna's project Nurturing Joy and Belonging in Displaced Communities from Ukraine.

Schooner Foundation: awarded for Amna's emergency response efforts in Lebanon.

Unrestricted funds

Unrestricted funds represent resources available for general purposes that fall within Amna's charitable objectives.

18 Operating lease commitments payable as a lessee

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods


each of the following periods
Less than one year Property
2024
2023
£
£
1,421
-
1,421
-
1,421 -

19 Capital commitments

At the balance sheet date, the charity had no commitments for capital expendi ture (2023 : £ nil).

20 Post balance sheet events

During the statutory audit process, a technical question was raised regarding the VAT reverse charge mechanism and its applicability to Amna’s historic activities. In response, trustees and Amna Leadership immediately commissioned an independent tax advisor to complete a comprehensive review of the charity’s activities, contracts, and financial records. This review confirmed that Amna is within the scope of the reverse charge rules and identified two potential scenarios for the tax liability Both scenarios have been modelled and in neither scenario, in the opinion of the trustees, is the going concern basis of the financial statements impacted.

An estimate for accrued liability up to 31 December 2024 has been included in the these financial statements.

33