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2025-03-31-accounts

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Charity registration number 1206349

Company registration number 06548809 (England and Wales)

THE IMMIGRANTS' AID TRUST (IAT)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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THE IMMIGRANTS' AID TRUST (IAT)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Charity number
Company number
Registered office
Independent examiner
Bankers
Website		 Alison Stanley
Ian Martin
Dame Anne Owers
(Appointed on 23 September 2025)
Elizabeth Mary Davies KC
(Appointed on 01 May 2025)
Sonali Naik
(Resigned on 06 May 2025)
Naini Jalali
(Resigned on 25 April 2024)
1206349
06548809
441 Caledonian Rd
London
N7 9BG
David Terry FCA
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
NatWest Bank Plc.
134 Aldersgate Street
London
EC1A4JB
NatWest Bank
94 Moorgate
London
EC2M 6UR
https://www.immigrantsaidtrust.org

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THE IMMIGRANTS' AID TRUST (IAT)

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6 - 7
Notes to the financial statements 8 - 14

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THE IMMIGRANTS' AID TRUST (IAT)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Article of Association, the Charities Act 2011, the Companies Act 2006 and "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 2019).

Objectives and activities

The charity’s objects are to provide services to immigrants to alleviate hardship caused by the UK’s immigration law and practice. Since its inception the charity has developed a special relationship with Joint Council for the Welfare of Immigrants (JCWI) and the Trustees consider that the aims and objectives of the charity are best served by making grants to support the charitable work of JCWI.

To this effect, the Trustees, at their meeting on 13th September 2001, reiterated this by passing a Resolution that The Immigrants Aid Trust was formed with the intention to raise funds for the charitable activities of JCWI and it remains the dominant purpose of lAT's existence.

Achievements and performance

The IAT continued to support the charitable work undertaken by JCWI by making a donation totalling £100,000.

Public benefit statement

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity’s activities.

Financial review

The statement of financial activities shows a net deficit of £4,752 (2024: £26,470) for the year, resulting in reserves standing at £1,296,581 (2024: £1,301,333) at 31st March 2025. The financial position at the year end revealed by the balance sheet shows net current assets or working capital of £21,285 (2024 - £26,037).

The IAT owns the freehold to 441 Caledonian Rd, London N7 9BG. The administration of IAT is carried out from these premises. JCWI occupies the premises as a tenant and pays rent to IAT.

Reserves policy

The Trustees consider it prudent to maintain an adequate balance of unrestricted funds to cover the Charity’s contractual commitments and ideally would like these to be at a minimum level of between 3 and 6 months annual expenditure.

The Trustees consider that the Charity’s reserves provide financial security for the future. The reserves held in unrestricted funds, which have not been designated or invested in fixed assets, as at 31st March 2025 were £21,285 (2024: £26,037).

Principal Funding Sources

Principal funding source of the charity is rent receivable from JCWI.

Investment powers and policy

Under the charity’s constitution, the charity has the power to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that cash deposits meet their requirements to generate income.

Plans for future periods

The Immigrants Aid Trust will continue to support the charitable work undertaken by JCWI.

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THE IMMIGRANTS' AID TRUST (IAT)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

Governing document

The charity was initially constituted by Trust Deed on 11 July 1971 and registered as a charity on 22 November 1971 under registration number 262860. The charity became a company limited by guarantee governed by the Memorandum and Articles of Association incorporated on 29 March 2008; and then transitioned into a Charitable company governed by the Articles adopting a special resolution passed on 11 December 2023. The charity with registration number 262860 was closed and a new charitable company was registered with the Charities Commission on 2 January 2024 with registration number 1206349. The newly registered charity is registered with the Companies House with registration number 06548809.

Recruitment and appointment of Trustees

As set out in the Articles of Association the chair of the trustees is nominated by other Trustees. The Directors of the organisation are also the charity trustees for the purposes of charity law. The Board of Trustees have power to appoint additional Trustees as it considers fit to do so.

The Trustees have no beneficial interest in the company other than as members. The Trustees are also the directors of the company. All of the Trustees are members of the company and guarantee to contribute £1 in event of winding up. The Board has the power to appoint additional Directors.

Organisation

The Trustees meet as frequently as necessary and day-to-day operational responsibility of the charity is delegated to the Chair.

Trustee induction and training

The Trustees maintain a good working knowledge of charity and best practise by regular reading of charity press articles, Charity Commission, other Government and voluntary organisation advisory websites. New Trustees are given copies of the Constitution of the Trust and copies of previous year's minutes and attend an induction session given by an experienced Trustee.

Related parties

The charity works closely with JCWI as detailed in the achievements and performance section of the Trustees Report.

Risk Management

The trustees have a risk management strategy which comprises:

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THE IMMIGRANTS' AID TRUST (IAT)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

The trustees, who are also the directors of The Immigrants' Aid Trust (IAT) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The Trustees' report was approved by the Board of Trustees and signed on its behalf by:

Alison Stanley Chair

22 December 2025

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THE IMMIGRANTS' AID TRUST (IAT)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IMMIGRANTS' AID TRUST (IAT)

I report to the trustees on my examination of the financial statements of The Immigrants' Aid Trust (IAT) (the charitable company) for the year ended 31 March 2025.

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

David Terry FCA

Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

Dated: 22 December 2025

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THE IMMIGRANTS' AID TRUST (IAT)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
Income and endowments from:
Charitable activities
3
100,000
Investments
4
18
Other income
5
5,593
Total income
105,611
Expenditure on:
Charitable activities
6
110,363
Total expenditure
110,363
Net expenditure for the year/
Net movement in funds
(4,752)
Fund balances at 1 April 2024
1,301,333
Fund balances at 31 March 2025
1,296,581		 Total
2025
£
100,000
18
5,593
105,611
110,363
110,363
(4,752)
1,301,333
1,296,581		 Total
2024
£
100,000
373
22,541
122,914
149,384
149,384
(26,470)
1,327,803
1,301,333

The statement of financial activities includes all gains and losses recognised in the year.

None of the company’s activities were discontinued during the above two financial years.

The charity, The Immigrants' Aid Trust (registered charity number 262860), was closed. A new charitable company under the same name, The Immigrants' Aid Trust (registered charity number 1206349), was registered on 02 January 2024 and is linked with the Companies House registration No. 06548809. Accordingly, the prior year figures relate to the former charity.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 8 to 14 form part of these financial statements.

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THE IMMIGRANTS' AID TRUST (IAT)

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2025
£
£
1,275,296
22,581
(1,296)
21,285
1,296,581
1,296,581
1,296,581		 2024
£
£
1,275,296
27,837
(1,800)
26,037
1,301,333
1,301,333
1,301,333		 2024
£
£
1,275,296
27,837
(1,800)
26,037
1,301,333
1,301,333
1,301,333
1,301,333
1,301,333
1,301,333

The notes on pages 8 to 14 form part of these financial statements.

The charity, The Immigrants' Aid Trust (registered charity number 262860), was closed. A new charitable company under the same name, The Immigrants' Aid Trust (registered charity number 1206349), was registered on 02 January 2024 and is linked with the Companies House registration No. 06548809. Accordingly, the prior year figures relate to the former charity.

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THE IMMIGRANTS' AID TRUST (IAT)

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The trustees acknowledge their responsibilities for

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 22 December 2025 and were signed on its behalf by:

Alison Stanley

Trustee

Company registration number 06548809

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.1 Reporting period

The charity, The Immigrants' Aid Trust (registered charity number 262860), was closed. A new charitable company under the same name, The Immigrants' Aid Trust (registered charity number 1206349), was registered on 02 January 2024 and is linked with the Companies House registration No. 06548809. Accordingly, the prior year figures relate to the former charity.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charitable company's Memorandum and Article of Association, the Charities Act 2011, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

The charity’s financial statements shows a net deficit of £4,752 (2024 – £26,470) for the year and free reserves of £21,285 (2024 - £26,037) as at the year end. The trustees are of the view that these results and fundraising plans for the future have secured the immediate future of the charity for the next 12 to 18 months and on this basis the charity is a going concern.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.5 Income

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

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of staff time and use of resources.

1.7 Tangible fixed assets

The tangible fixed asset consisting of the freehold property is carried at cost.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Taxation

The charity is a registered charity and, therefore, is not liable for Income Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

1.11 Creditors and Provisions

Creditors and provisions are recognised when the charitable company has a legal or constructive present obligation as a result of a past event, it is probable that the charitable company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

1.12 Cash flow statement

The charity qualifies as a small charity and advantage has been taken of the exemption provided by SORP (FRS 102) as amended by Bulletin 1, not to prepare a cash flow statement.

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.13 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.

1.14 Volunteers and donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item 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), the general volunteer time are not recognised and refers to the trustees’ annual report for more information about their contribution.

On receipt, donated 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.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Charitable activities

Unrestricted
funds
£
Rental Income from JCWI
100,000
100,000
For the year ended 31 March 2024
100,000		 Total
2025
£
100,000
100,000		 Total
2024
£
100,000
100,000
100,000

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Investments

Unrestricted
funds
£
Interest on bank balance
18
18
For the year ended 31 March 2024
373
Other income
Unrestricted
funds
£
Premise service charges
3,173
Other income
2,420
Funds received from new charity
-
5,593
For the year ended 31 March 2024
22,541		 Total
2025
£
18
18
Total
2025
£
3,173
2,420
-
5,593		 Total
2024
£
373
373
373
Total
2024
£
16,159
1,382
5,000
22,541
22,541

5 Other income

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Charitable activities

Unrestricted
Funds
£
Donation to JCWI
100,000
100,000
Share of support costs (see note 7)
9,067
Share of governance costs (see note 7)
1,296
110,363
Analysis by fund
Unrestricted funds
110,363
110,363
For the year ended 31 March 2024
Unrestricted funds
149,384
149,384		 Total
2025
£
100,000
100,000
9,067
1,296
110,363
110,363
110,363		 Total
2024
£
100,000
100,000
48,184
1,200
149,384
149,384
149,384
149,384
149,384

7 Support costs

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between charity’s key activities undertaken in the year. All the general support and governance costs have been apportioned to the charitable activities on the basis of a proportion of direct costs, allocated to each activity.

Administation expenses
Premises costs
Bank charges
Legal and professional fees
Charity registration fees
Independent examiner's fees
Analysed between
Charitable activities		 Support Governance
costs
costs
£
£
-
-
4,723
-
23
-
4,321
-
-
-
-
1,296
9,067
1,296
9,067
1,296
9,067
1,296		 Total
2025
£
-
4,723
23
4,321
-
1,296
10,363
10,363
10,363		 Total
2024
£
14,407
16,231
285
12,261
5,000
1,200
49,384
49,384
49,384

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Net movement in funds 2025 2024
£ £
Net movement in funds is stated after charging/(crediting)
Independent examiner's fees 1,296 1,200

9 Trustees and employees

The charity did not have any employees during the year.

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

The key management personnel of the charity comprise of the trustees. None of the trustees were employed or paid fees by the charity.

10 Tangible fixed assets

Leasehold land and buildings
£
Cost
At 1 April 2024 1,275,296
At 31 March 2025 1,275,296
Carrying amount
At 31 March 2025 1,275,296
At 31 March 2024 1,275,296

11 Creditors: amounts falling due within one year

Accruals 2025
£
1,296
1,296		 2024
£
1,800
1,800

12 Share capital

The charity is constituted as a company limited by guarantee and does not have share capital divided by shares.

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THE IMMIGRANTS' AID TRUST (IAT)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
£
Fund balances at 31 March 2025 are represented
by:
Tangible assets
1,275,296
Current assets/(liabilities)
21,285
1,296,581		 Total Unrestricted
2025
funds
£
£
1,275,296
1,275,296
21,285
26,037
1,296,581
1,301,333		 Total
2024
£
1,275,296
26,037
1,301,333

14 Related party transactions

The Immigrants Aid Trust (IAT) and Joint Council for the Welfare of Immigrants (JCWI) are related parties as some of the trustees are common to both. As at the year end IAT owed JCWI £nil (2024 - £nil). The following transactions took place during the year between IAT and JCWI: