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2021-03-31-accounts

INSPIRE FUTURES FOUNDATION

1164394

ANNUAL REPORT 2020 - 2021

Chair’s Report For the Year Ending 31[st] March 2021

2020 – 2021 has been a remarkable and an extremely challenging year for the Charity. Despite the frustrations, anxieties and health implications caused by the global pandemic, we have been overwhelmed with the relentless support and commitment from our donors, volunteers and those who continue to dedicate their time in helping others achieve so much.

We continue to outgrow the Charity’s expectations and we have become busier than ever; both in terms of income generation and delivery of services.

We have continues to remain focused on our ambition to operate on a 100% Donation’s Policy. And we will aim to continue with this idea.

We are really proud to ensure we work on this model, which means that every donation has been spent on what cause it was intended for. We do not take any cut for admin costs or paying for our expenses, but we ensure that each and every donation helps deliver vital projects.

We are looking at re-strategising our work, working with broader partners and growing links with the wider communities so that we can achieve more by spending less.

I remain grateful to my fellow trustees who have continued to remain part of the team and I would like to pay gratitude to our founder and defacto CEO, Mushtaq Hussain, who continues to drive us forwards.

Nareen Akhtar Chair

Date: 24 December 2021

Registered Charity Number: 1164394

Principal Address: 14 Thurnscoe Road Bradford BD1 3BZ

Trustees

Nasreen Akhtar Mohammed Naser Nazia Hussain Nazish Shahzad

Chair Treasurer Secretary

CEO/Founder Mushtaq Hussain

Bankers Natwest Bradford City Centre 7 Hustlergate Bradford BD1 1PP

Charitable Aims and Objective

The Objects of the CIO are:

A. To Advance In Life And Help Young People, Particularly From Hard To Reach And Excluded Communities Achieve Their Potential By Providing Support, Resources, Training And Development Activities, Funds And Any Other Charitable Means

B. To Advance In Life And Help Young People In Such Parts Of The World As The Trustees May From Time To Time Determine Through:

(1) The Provision Of Recreational And Leisure Time Activities Provided In The Interest Of Social Welfare, Designed To Improve Their Conditions Of Life;

(2) Providing Support And Activities Which Develop Their Skills, Capacities And Capabilities To Enable Them To Participate In Society As Mature And Responsible Individuals.

C. The Prevention Or Relief Of Poverty Anywhere In The World By Providing Grants, Items And Services To Individuals In Need And/Or Charities Or Other Organisations Working To Prevent Or Relieve Poverty

Our Strategic Goals and Areas of Work

We have focused on three strategic areas of delivery –

1. Enhancing Education

2. Developing Communities

3. Relieving Poverty

We believe that the three strategic angle of work will allow us to satisfy the public benefit test, whilst ensuring that we are adhering to the objects of the Charity

Our Achievements 2020 - 2021

Through the kind support of our friends, donors, volunteers and Trustees, we have been able to achieve the following –

Alleviation of Poverty

One of the key aims of the Charity is to alleviate poverty; this is to be done locally, nationally and internationally.

We are pleased to confirm that we delivered the Feed the Homeless activities at various locations and during various seasons.

Key snippets of the work:

Special Food Parcels delivered with support from Penny Appeal 120 families – each pack contained approximately 10 different items, giving families full supply for a month.

We also gave 100 special food parcels to Bradford University International Students who were staying at the Campus Halls of Residents.

150 chocolates to school children at Green Lane Primary School.

Ramadhan packs delivered throughout the whole month of Ramadhan to vulnerable families.

We have dedicated and been delivery food parcels to 100 families per month, giving them supplies for the whole month.

In total:

Enhancing Education

One of the key projects was working with children and young people in helping them unlock their potential and using sport as a means to achieve this.

We continued the work around youth engagement and educational development projects. We developed a weekly football session for 20 young people from the ages of 5 – 16 in the Manningham area of Bradford.

Developing Communities

We have worked in the City Centre of Bradford with other supporting agencies to develop community cohesion and bring diverse groups together; we have partnered with Khidmat Centre, Syrian Refugee Association and Homeless Aid Action in delivering partnership projects, and we are hopeful to be able to build on the working relationships and deliver a community based approach to the social challenges facing the wider communities.

Plans for the future

We hope to continue developing new and innovative programmes to meet the needs of the organisation and be in a better position to achieve our aims and objectives.

The key targets set for the coming years are to –

Structure, Governance and Management Organisation and Governance Document

Inspire Futures Foundation is a Charitable Incorporated Organisation (CIO) which was entered on the Register of Charities on 12[th] November 2015.

The current Chief Executive position is the Co-ordinator of the Charity, Mushtaq Hussain, who maintains the day-to-day operations of the Charity.

The current Board of Trustees consists of four appointed individuals who are required to comply with the Governing document and follow the protocols of the Charity in terms of maintaining their high level of skill, following the Charity Commission Guidelines, keeping abreast of Policies, and the Procedures and Practices implemented by the Charity.

All Trustees are required to undertake a full induction and make any specific requests for personal training and development needs to help them in their role.

The existing Trustees are responsible for the recruitment and selection of new trustees taking into regard the skills required for the Charity. The Trustees have a duty to seek individuals who are able to reflect the ethos of the Charity and who have a commitment to meeting the aims and objectives according to the set Governance documents.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees have implemented a risk matrix which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage the risks.

The Trustees confirm that a risk assessment in regularly reviewed and are satisfied that the systems in place are adequate to manage the potential risks that have been identified.

Public Benefit

The Charity has due regard to the guidance published by the Charity Commission on Public Benefit.

We have addressed the key activities under the achievements section to highlight how the public have benefited.

The Structure

The Board of Trustees are the body of Governance who oversee and manage the Governance and strategic planning of the Charity, and must at all time adhere to the aims and objectives paying specific regard to their duties and power as set in the Constitution.

The operational activities are managed by the CEO and founder of the Charity, Mushtaq Hussain, who reports on activities and operations to the Board on regular Trustee Board meetings.

Due to the working style and reliance on a 100% donation policy approach, the Charity relies heavily on a collective approach to direct the organisation in the right direction and activities are planned and monitored comply with the Charities aims and objectives. We are hopeful that we will seek funding to allow the Charity to go further and become a community resource.

Marketing and Publicity

Inspire Futures Foundation has a very powerful presence in the local and national community. Through the use of social media and regular showcasing of the activities, the Charity is able to keep donors, supporters and potential donors abreast of all activities delivered.

We are currently developing partnership working to help people have access to information around training, development, employment opportunities, access to benefit information and other important resources.

Child Protection – A Child Protection Policy is in place and we are due to carry out further enhanced training in this area to keep abreast of changes.

GDPR – Our CEO is the nominated Data Protection Officer who is working to develop a strategic plan to work towards a complete GDPR compliance system.

One of the key aims of the Charity is to develop a new vision, review all the policies and look at new changes that have an impact on the Charity. This will hopefully conclude by the end of 2022.

STATEMENT OF FINANCIAL ACTIVITIES RECEIPTS AND PAYMENTS CCOUNT

Year Ended 31st March 2021

INCOMING RESOURCES
Not
e
Donations
Zakah / Fitrana
Gift Aid / Fitrana
TOTAL INCOME RESOURCES		 Total Funds
2021
Unrestricted
Funds
Restricted
Funds
£
£
5,525.00
12,993.97
12,933.97
19,431.99		 Total Funds
2021
Unrestricted
Funds
Restricted
Funds
£
£
5,525.00
12,993.97
12,933.97
19,431.99		 Total Funds
2020
Total Funds
£
2,600.25
2,785.00
0.00		 Total Funds
2020
Total Funds
£
2,600.25
2,785.00
0.00
5,385.25
RESOURCES EXPENDED:
Providing Meals Project
Overseas Projects
Zakah Cash Grants
Website
Receipt book printing
Training
Special Covid Packs
TOTAL RESOURCES EXPENDED		 4,294.19
2,555.00
6,725.00
95.38
250.00
0.00
0.00
13,919.57		 1,074.75
1,740.00
Included
0
0
63.70
108.05
2,986.50
NET INCOME RESOURCES FOR THE
YEAR
Net Movements of Funds
Total Funds Brought Forward
Total Funds Carried Forward		 5,512.42
4,403.71
9,916.13		 2,398.75
2,004.96
4,403.71

INSPIRE FUTURES FOUNDATION

CHARITY 1164394

BALANCE SHEET AS AT 31ST MARCH 2021

FIXED ASSETS The Charity does not hold any tangible asset

CURRENT ASSETS
Total Funds
LIABILITIES
There are no liabilities		 9,916.13
0		 4,403.71
0
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS		 9,916.13

9,916.13
 4,403.71
4,403.71
FUNDS OF THE CHARITY
Unrestricted income funds
TOTAL CHARITY FUNDS		 9,916.13

9,916.13
 4,403.71
4,403.71

These accounts were approved by the Trustees and authorized for issue on 24 December 2021 and are signed on their behalf and are to be filed with the Annual Report

N Akhtar

Nasreen Akhtar Chair of Trustees 24 December 2021

Notes to the accounts

1. Accounting Policies

a) Basis of preparation

The financial statements have been prepared on a Receipt and Payments basis, which summarises the movement of cash in and out of the organisation. in this context, “cash” includes cash equivalents, such as bank accounts, where cash can be readily available to pay debts as they fail due. this format of accounts is available to non-company charities with gross annual income of £250,000 or less.

b) Funds Structure

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objectives.

Restricted finds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of specific appeal.

INSPIRE FUTURES FOUNDATION