AMC TRUST
Latest income
£543k
Latest spending
£581k
Registered
2009
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity holds free unrestricted liquid reserves of £2,659,040, which exceeds its stated policy target of a minimum of 6 months' reserves. However, the notes disclose that the charity is entirely dependent on continuing grant aid for its going concern status, indicating a dependency risk despite the current surplus.
What the accounts disclose
Reserves policy: minimum of 6 months reserves (held: £2.7m)
“The charity's aim is to have a minimum of 6 months reserves to keep providing assistance to its current projects” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.” — page 12
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£543k
Total spending
£581k
Reserves (reported)
£2.6m
Employees
0
Trustees
- KHALID CHAUDHRYchair
- KAMAL CHAUDHRY
- KAMRAN CHAUDHRY
- MOHAMMED BILAL CHAUDHRY
- ZAHID CHAUDHRY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £543k | £581k |
| 31/12/2023 | £444k | £273k |
| 31/12/2022 | £187k | £195k |
| 31/12/2021 | £428k | £180k |
| 31/12/2020 | £126k | £132k |
Common questions
Is AMC TRUST financially healthy?
The accounts state that the charity holds free unrestricted liquid reserves of £2,659,040, which exceeds its stated policy target of a minimum of 6 months' reserves. However, the notes disclose that the charity is entirely dependent on continuing grant aid for its going concern status, indicating a dependency risk despite the current surplus. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZOUQ FOUNDATION | 1 | — |
| THE PWC FOUNDATION | 1 | £15k |
| GLOBAL REACH | 1 | £6k |
| Evelyn Partners Charitable Trust | 1 | £0 |