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Registered number: 06490672 Charity number: 1122709 AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) CONTENTS
| Page
Reference and administrative details of the Company, its Trustees and advisers | 1
Trustees' report | 2 - 4
Statement of financial activities | 5
Income and expenditure account | 6
Balance sheet | 7 - 8
Notes to the financial statements | 9 - 17
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2025
Trustees | A Siddiqi
| A Hamza
| C Siddiqi
Company registered number | 06490672
Charity registered number | 1122709
Registered office | 3 Hollins House 331 Hale Road Altrincham Cheshire WA15 8TS
Company secretary | A Siddiqi
Chief executive officer | A Siddiqi
Accountants | Madisons Bushbury House 435 Wilmslow Road Withington Manchester M20 4AF
Page 1
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 The Trustees present their annual report together with the financial statements of the Amstone Charitable Trust Limited for the 1 March 2024 to 28 February 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives The principal object of the company is to advance the education of the public by providing and assisting in the provision of facilities for education and community cohesion, the advancement of the Abrahamic religions (Christianity, Islam and Judaism), medical rehabilitation and the relief of financial hardship by the provision of grants, services or facilities. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. b. Activities undertaken to achieve objectives The charity conducts a material part of its activities through grantmaking. The charities grantmaking policies are limited to its charitable objectives. c. Main activities undertaken to further the Company's purposes for the public benefit The main activities is to take wide spread view in supporting other UK registered charitable organisations with particular focus towards community and religious cohesion. Further the charity also supports hardship requests with focus on acts of compassion for those in need. Achievements and performance a. Review of activities During the period the charity obtained voluntary donations from its' trustees which assisted the charity in continuing to support its projects in order to meet the objectives of the charity. b. Investment policy and performance Aside from retaining a prudent amount in reserves each year most of the charity’s funds are to be spent in the short term, so there are no funds for long term investment. Financial review Page 2
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Structure, governance and management a. Constitution The company is registered as a charitable company limited by guarantee and was set up by a Trust deed on 17 December 2007. The company is constituted under a Trust deed dated 17 December 2007 and is a registered charity number 1122709. There have been no changes in the objectives since the last annual report. b. Methods of appointment or election of Trustees The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. c. Organisational structure and decision-making policies A board of trustees, who meet regularly, administers the charity. Mr A Siddiqi is appointed by his fellow trustees to manage the day to day operations of the charity. At the trustees' meeting’s, the trustees agree the broad strategy and areas of activity for the trust, including consideration of activities, investment, reserves and risk management policies and performance. A scheme of delegation is in place and day to day responsibility for the provision of services rests with the manager. The manager is responsible for ensuring that the charity delivers the services specified and, as such, has responsibility for the day to day operational management of the charity. Plans for future periods The charity will continue to support the needs of various UK registered charities. Funds held as custodian Neither the charity nor its trustees are acting as custodian trustees. Page 3
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) Statement of Trustees' responsibilities The Trustees (who are also the directors of the Company for the purposes 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: ∙select suitable accounting policies and then apply them consistently; ∙observe the methods and principles of the Charities SORP (FRS 102); ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 3 June 2025 and signed on their behalf by:
A Siddiqi (Chair of Trustees) |
Page 4
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025
|  | Unrestricted funds 2025 | Total funds 2025 | Total funds 2024
| Note | £ | £ | £
Income from: |  |  |  |
Donations and legacies | 2 | 15,790 | 15,790 | 5,813
Investments | 3 | 21 | 21 | 36
Total income |  | 15,811 | 15,811 | 5,849
Expenditure on: |  |  |  |
Charitable activities | 4 | 16,625 | 16,625 | 12,865
Total expenditure |  | 16,625 | 16,625 | 12,865
Net movement in funds |  | (814) | (814) | (7,016)
Reconciliation of funds: |  |  |  |
Total funds brought forward |  | 1,595 | 1,595 | 8,611
Net movement in funds |  | (814) | (814) | (7,016)
Total funds carried forward |  | 781 | 781 | 1,595
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 17 form part of these financial statements.
Page 5
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2025
|  | Total funds | Total funds
| Note | 2025 £ | 2024 £
Gross income in the reporting period |  | 15,811 | 5,849
Less: Total expenditure |  | (16,625) | (12,865)
Net expenditure for the reporting period |  | (814) | (7,016)
The notes on pages 9 to 17 form part of these financial statements.
Page 6
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: 06490672 BALANCE SHEET AS AT 28 FEBRUARY 2025
|  |  | 28 February |  | 29 February
|  |  | 2025 |  | 2024
| Note |  | £ |  | £
Fixed assets |  |  |  |  |
|  |  | - |  | -
Current assets |  |  |  |  |
Debtors | 7 | 780 |  | 1,063 |
Cash at bank and in hand |  | 1 |  | 532 |
|  | 781 |  | 1,595 |
Net current assets |  |  | 781 |  | 1,595
Total assets less current liabilities |  |  | 781 |  | 1,595
Net assets excluding pension asset |  |  | 781 |  | 1,595
Total net assets |  |  | 781 |  | 1,595
Charity funds |  |  |  |  |
Restricted funds | 9 |  | - |  | -
Unrestricted funds | 9 |  | 781 |  | 1,595
Total funds |  |  | 781 |  | 1,595
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 03 June 2025 and signed on their behalf by:
A Siddiqi (Chair of Trustees) |
Page 7
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: 06490672 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2025
The notes on pages 9 to 17 form part of these financial statements.
Page 8
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| General information
Amstone Charitable Trust Limited is a private company limited by shares, registered in England and Wales. Its registered office is at 3 Hollins House, 331 Hale Road, Altrincham, Cheshire, WA15 8TS. 1.Accounting policies
| 1.1 | Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Amstone Charitable Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
| 1.2 | Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No restatements were required.
| 1.3 | Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. Page 9
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 1.Accounting policies (continued)
| 1.4 | Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it 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. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
| 1.5 | 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 allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 10
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 1.Accounting policies (continued)
| 1.6 | Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
| 1.7 | Cash at bank and in hand
Cash at bank and 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.
| 1.8 | Financial instruments
The Company 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.
| 1.9 | Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund.
| 2. | Income from donations and legacies
|  |  | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £
| Donations | 15,790 | 15,790
|  |  | Unrestricted funds 2024 | Total funds 2024
|  |  | £ | £
| Donations | 5,813 | 5,813
Page 11
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 3. | Investment income
|  |  | Unrestricted funds 2025 | Total funds 2025
|  |  | £ | £
| Investment income - bank interest | 21 | 21
|  |  | Unrestricted funds 2024 | Total funds 2024
|  |  | £ | £
| Investment income - bank interest | 36 | 36
| 4. | Analysis of expenditure on charitable activities
|  | Summary by fund type
|  |  | Unrestricted funds 2025 | Total 2025
|  |  | £ | £
| Education and community cohesion | 15,365 | 15,365
| Religion | 600 | 600
| Financial hardship | 660 | 660
|  | 16,625 | 16,625
|  |  | Unrestricted funds 2024 | Total 2024
|  |  | £ | £
| Education and community cohesion | 10,665 | 10,665
| Religion | 1,650 | 1,650
| Financial hardship | 550 | 550
|  | 12,865 | 12,865
Page 12
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 4.Analysis of expenditure on charitable activities (continued) Summary by fund type (continued)
| 5. | Analysis of expenditure by activities
|  |  | Activities undertaken directly 2025 | Support costs 2025 | Total funds 2025
|  |  | £ | £ | £
| Education and community cohesion | 15,150 | 215 | 15,365
| Religion | 600 | - | 600
| Financial hardship | 660 | - | 660
|  | 16,410 | 215 | 16,625
|  |  | Activities undertaken directly 2024 | Support costs 2024 | Total funds 2024
|  |  | £ | £ | £
| Education and community cohesion | 10,580 | 85 | 10,665
| Religion | 1,650 | - | 1,650
| Financial hardship | 550 | - | 550
|  | 12,780 | 85 | 12,865
6. | Trustees' remuneration and expenses
| During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
| During the year ended 28 February 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 13
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
7. | Debtors
|  | 28 February | 29 February
|  | 2025 | 2024
|  | £ | £
| Due within one year |  |
| Tax recoverable | 780 | 1,063
|  | 780 | 1,063
8. | Financial instruments
|  | 28 February | 29 February
|  | 2025 | 2024
|  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through income and expenditure | 1 | 532
Financial assets measured at fair value through income and expenditure comprise cash at bank. Page 14
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 9. | Statement of funds
|  | Statement of funds - current year
|  |  | Balance at 1 March 2024 £ | Income £ | Expenditure £ | Balance at 28 February 2025 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 1,595 | 15,811 | (16,625) | 781
Page 15
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 9. | Statement of funds (continued)
|  | Statement of funds - prior year
|  |  | Balance at 1 March 2023 £ | Income £ | Expenditure £ | Balance at 29 February 2024 £
|  | Unrestricted funds |  |  |  |
| General Funds - all funds | 8,611 | (5,849) | (12,865) | (10,103)
| Unallocated amounts | - | 11,698 | - | 11,698
|  | 8,611 | 5,849 | (12,865) | 1,595
| 10. | Summary of funds
|  | Summary of funds - current year
|  |  | Balance at 1 March 2024 £ | Income £ | Expenditure £ | Balance at 28 February 2025 £
| General funds | 1,595 | 15,811 | (16,625) | 781
|  | Summary of funds - prior year
|  |  | Balance at 1 March 2023 £ | Income £ | Expenditure £ | Balance at 29 February 2024 £
| General funds | 8,611 | 5,849 | (12,865) | 1,595
Page 16
AMSTONE CHARITABLE TRUST LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| 11. | Analysis of net assets between funds
|  | Analysis of net assets between funds - current year
|  |  | Unrestricted funds 28 February 2025 | Total funds 28 February 2025
|  |  | £ | £
| Current assets | 781 | 781
| Total | 781 | 781
|  | Analysis of net assets between funds - prior year
|  |  | Unrestricted funds 29 February 2024 | Total funds 29 February 2024
|  |  | £ | £
| Current assets | 1,595 | 1,595
| Total | 1,595 | 1,595
Page 17