INSPIRE FUTURES FOUNDATION
1164394
ANNUAL REPORT 2021 - 2022
Chair’s Report For the Year Ending 31[st] March 2022
Another amazing year has passed, and one that again exceeded our expectations considering the size of our charity and we are still operating on a 100% Donation Policy!
The 2021-2022 financial year has been one of our best years to date. We continue to strive on making a positive difference to the lives around us; from enhancing education to developing communities and eradicating poverty, we have a focus on sharing the resources with others and getting volunteers on board to make a huge difference to had to reach and deprived communities.
With uncertain rates of inflation, high energy bills, international wars and economic crisis, we continue to be busy in supporting those in need.
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 restructuring the Charity, to bring in new Trustees with a revised focus on trying to increase the number of projects we can deliver with nominal costs. as needs are growing, we are gong to invest more time and energy in trying to obtain additional grants and funds, so that donors don’t feel the burden. At present, we are using donors to pay for the food delivering, and we are using Gift Aid and Sponsorship for any other costs, such as printing and marketing – so we remain focused to our donors.
I remain grateful to my fellow trustees who have continued to drive us forwards.
Nareen Akhtar Chair
Date: 27 January 2023 Registered Charity Number:
1164394
Principal Address: 14 Thurnscoe Road Bradford BD1 3BZ
Trustees
Nasreen Akhtar Chair Mohammed Naser Treasurer Nazia Hussain Secretary Nazish Shahzad
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 2021 - 2022
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:
We have delivered monthly food parcels across Bradford
In Total – 586 family food packs have been delivered.
In addition, we have provided emergency packs to 2 families via Bradford Council
We have delivered £1,900 of zakah payments locally
£470 fidya project in Pakistan
£480 building water wells
£150 on a water pump
£250 spent in Greece to deliver food to 380 individuals and 10 additioanl families
74 children received new toys for Eid
We spent a total of £6,462.38 on food projects in Bradford
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. We are looking at more funds for the future to enhance this.
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 –
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Engage more children and young people to take up more volunteering positions and achieve their potential in areas of training and development
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Develop our feed the homeless programme with an aim to obtain a mobile van or deliver from a fixed location to create a welcoming environment - Build a good network of partners to deliver value for money projects and work with building relationships with diverse faith and community groups
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.
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.
We continue to look for new Trustees that will shape our future.
Our mission over the coming years to have our dedicated place, whether to rent or buy, so that we can deliver our much needed projects.
In addition to this aim, we are hopeful that we will have more support from volunteers to help us raise some valuable and much needed funds to deliver international projects around enhancing education and eradicating poverty.
We thank everyone for supporting us and we will strive for success!
STATEMENT OF FINANCILA ACTIVTIES RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 31[ST] MARCH 2022
INCOMEING RESOURCES
DONATIONS
| SADAQAH | £ 6,115.00 |
|---|---|
| ZAKAH | £ 1,220.00 |
| FITRANA/ABROAD | £ 735.00 |
| SPONSORSHIP | £ 2,122.48 |
| TOTAL INCOME 2021-2022 | £10,292.48 |
Sadaqah is the general pot of funds that has been donated by individuals to cover the costs of food parcels, run the foodbank and cover the costs of supporting individuals and families.
Zakah is a restricted fund to be used according to the Islamic criteria.
Fitran/Abroad is a specific pot to those who wish to donate for foreign projects.
Sponsorship includes Gift Aid or general sponsorship for any running costs
RESOURCES EXPENDED:
PROVIDING MEALS £ 6,462.00 ZAKAH CASH GRANTS £ 1,900.00 FOREIGN PROJECTS £ 1,350.00 GENERAL ADMIN SPEND £ 91.21* TOTAL RESOURCES XPENDED £ 9,803.59
- GENERAL ADMIN SPEND. THIS IS DEDUCTED FROM GENERAL SPONSORSHIP FUNDS, NOT FROM ANY DONORS
NET INCOME RESOURCES FOR THE YEAR:
| NET INCOME RESOURCES FOR THE YEAR: | £ 488.89 |
| NET MOVEMENTS OF FUNDS | |
| TOTAL FUNDS BROUGHT FORWARD | £ 9,916.13 |
| TOTAL FUNDS CARRIED FORWARD | £10,405.02 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £10,405.02 |
| TOTAL CHARITY FUNDS | £10,405.02 |
| 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 2021 - 2022