| AMINA BASHIR MEMORIAL TRUST LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| For the year ended 31 March 2025 |
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| 1. |
ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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The Amina Bashir Memorial Trust Limited is a private company, limited by guarantee, registered in England and Wales. The address of the registered office is given in the charity information on pages 1 of these financial statements. |
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The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention and 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) published in October 2019 affecting reporting periods beginning on or after 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. |
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The charity has taken the advantage of the disclosure exemption in preparing these financial statements as permitted by Financial Reporting Standard FRS102. Therefore, these annual financial statements do not include a cash flow statement on the grounds that it is applying Section 1A of Financial Reporting Standard FRS102. |
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The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. |
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The effects of events relating to the year ended 31 March 2025 which occurred before the date of approval of the financial statements by the Executive Committee has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2025 and the results for the year ended on that date. |
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Company status |
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Amina Bashir Memorial Trust Limited is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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Fund accounting |
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General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes. |
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Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. |
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Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity's core services are treated as unrestricted. |
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Incoming resources |
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All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. |
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Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. |
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Income tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income is receivable. |
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Resources Expended |
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All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the direct staff costs allocated to the activities. Governance costs include the costs of servicing Trustees' meetings, audit and strategic planning. |
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Investments |
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Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year. |
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Tangible fixed assets and depreciation |
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All assets costing more than £500 are capitalised. |
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |
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Furniture/fittings |
- |
10 years |
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Office equipment |
- |
5 years |
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Leasing and hire purchase commitments |
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When assets are financed by leasing agreements that give rights approximating to ownership (finance leases) the assets are treated as if they had been purchased outright. The amount capitalised is the agreed purchase price of the equipment so leased; the assets are depreciated over the lease term or useful life if shorter. The capital element of the future payments is treated as a liability and the interest element is charged to the Statement of Financial Activities over the lease term. |
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| 2. |
VOLUNTARY INCOME |
| Unrestricted |
Restricted |
Total |
Total |
| Funds |
Funds |
Funds |
Funds |
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2025 |
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2025 |
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2025 |
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2024 |
| £ |
£ |
£ |
£ |
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Donations |
46,404 |
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- |
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46,404 |
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48,280 |
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Gift aid rebate |
6,191 |
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- |
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6,191 |
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- |
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£ 52,595 |
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£ Nil |
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£ 52,595 |
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£ 48,280 |
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| 3. |
GRANTS PAYABLE TO INSTITUTIONS |
2025 |
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2025 |
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2024 |
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2024 |
| No. |
£ |
No. |
£ |
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ABMT Hospital |
3 |
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25,656 |
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2 |
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20,000 |
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| 4. |
TRUSTEES |
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No director received expenses for attending meetings during the period (2024 - £Nil). Neither did any director receive remuneration or benefits (2024 - £Nil). |
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The charity does not employ any staff (2024 - £Nil). |
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2025 |
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2024 |
| No. |
No. |
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- |
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- |
| 5. |
Analysis of the Net Movement in Funds |
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2025 |
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2024 |
| £ |
£ |
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Net movement in funds |
24,967 |
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26,063 |
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£ 24,967 |
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£ 26,063 |
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| 6. |
DEBTORS |
2025 |
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2024 |
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Due within one year |
£ |
£ |
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Other debtors |
6,191 |
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- |
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| 7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 |
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2024 |
| £ |
£ |
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Accruals |
1,750 |
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1,000 |
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| 8. |
STATEMENT OF FUNDS |
Transfers and |
| Brought |
Incoming |
Resources |
investment |
Carried |
| Forward |
Resources |
Expended |
gains/(losses) |
Forward |
| £ |
£ |
£ |
£ |
£ |
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SUMMARY OF FUNDS |
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General Funds |
63,945 |
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52,595 |
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(27,628) |
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- |
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88,912 |
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| 9. |
ANALYSIS OF NET ASSETS BETWEEN FUNDS |
| Unrestricted Funds |
| Designated |
General |
Restricted |
Total |
Total |
| Funds |
Funds |
Funds |
Funds |
Funds |
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2025 |
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2025 |
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2025 |
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2025 |
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2024 |
| £ |
£ |
£ |
£ |
£ |
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Current assets |
- |
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90,662 |
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- |
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90,662 |
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64,945 |
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Creditors due within one year |
(1,750) |
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(1,750) |
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(1,000) |
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£ Nil |
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£ 88,912 |
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£ Nil |
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£ 88,912 |
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£ 63,945 |
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| 10. |
Related Party Transaction |
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During the year, the organisation provided grants to a sister charity, Amina Bashir Memorial Trust, which is a registered charitable organisation in Pakistan. ABMT provides medical services to Thalassaemia patients on behalf of the organisation.
The grants were made in furtherance of the organisation’s charitable objectives and were applied solely for charitable purposes. All transactions were conducted on an arm’s length basis and in accordance with the organisation’s governance and authorisation procedures. No trustee or key management personnel received any personal benefit from these transactions. |