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REGISTERED COMPANY NUMBER: 07842525 (England and Wales)
REGISTERED CHARITY NUMBER: 1159321














Report of the Trustees and

Financial Statements for the Year Ended 30 November 2023

for

The Amin Foundation Limited

The Amin Foundation Limited






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3

Notes to the Financial Statements 4 to 7

The Amin Foundation Limited (Registered number: 07842525)

Report of the Trustees
for the Year Ended 30 November 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have adopted the provisions of 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).

ACHIEVEMENT AND PERFORMANCE
The charity is working on a project which will advance awareness of multi faith issues, particularly amongst the disadvantaged youth in the West Midlands.

FINANCIAL REVIEW
The charity is building up its financial resources in order to fund the above project in the short to medium term.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07842525 (England and Wales)

Registered Charity number
1159321

Registered office
Amin House
Culwell Trading Estate
Woden Road
Wolverhampton
West Midlands
WV10 0PG

Trustees
Mrs S Akhtar Director
A Farooq Director
K Parvez Director

Approved by order of the board of trustees on 27 August 2024 and signed on its behalf by:





K Parvez - Trustee

The Amin Foundation Limited

Statement of Financial Activities
for the Year Ended 30 November 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 371 -

EXPENDITURE ON
Raising funds 3 20 40


NET INCOME/(EXPENDITURE) 351 (40 )


RECONCILIATION OF FUNDS
Total funds brought forward 117,647 117,687

TOTAL FUNDS CARRIED FORWARD 117,998 117,647

The Amin Foundation Limited (Registered number: 07842525)

Balance Sheet
30 November 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 117,998 117,647

NET CURRENT ASSETS 117,998 117,647

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,998

117,647

NET ASSETS 117,998 117,647
FUNDS 6
Unrestricted funds 117,998 117,647
TOTAL FUNDS 117,998 117,647

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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


The financial statements were approved by the Board of Trustees and authorised for issue on 27 August 2024 and were signed on its behalf by:





K Parvez - Trustee

The Amin Foundation Limited

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
2023 2022
£    £   
Deposit account interest 371 -


The Amin Foundation Limited

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Support costs 20 40

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2023 nor for the year ended 30 November 2022.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   

EXPENDITURE ON
Raising funds 40


NET INCOME/(EXPENDITURE) (40 )


RECONCILIATION OF FUNDS
Total funds brought forward 117,687

TOTAL FUNDS CARRIED FORWARD 117,647

6. MOVEMENT IN FUNDS
Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 117,647 351 117,998

TOTAL FUNDS 117,647 351 117,998

The Amin Foundation Limited

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 371 (20 ) 351

TOTAL FUNDS 371 (20 ) 351


Comparatives for movement in funds

Net
At movement At
1.12.21 in funds 30.11.22
£    £    £   
Unrestricted funds
General fund 117,687 (40 ) 117,647

TOTAL FUNDS 117,687 (40 ) 117,647

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (40 ) (40 )

TOTAL FUNDS - (40 ) (40 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.12.21 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 117,687 311 117,998

TOTAL FUNDS 117,687 311 117,998

The Amin Foundation Limited

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 371 (60 ) 311

TOTAL FUNDS 371 (60 ) 311

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2023.