INSPIRE FUTURES FOUNDATION 1164394 inspirefutu res ANNUAL REPORT 2023 - 2024 ## **Chair’s Report For the Year Ending 31[st] March 2024** Inspire Futures Foundation has continued to work tirelessly to make a huge and significant impact to the lives of local communities. The Charity has shown a lot of resilience by working with volunteers and trying to link with smaller groups and organisations to ensure the aims and objectives of the Charity are complied with. A key feature of the Charity is that we have managed to deliver much needed work without receiving any funding from any external organisations. We have been kindly supported by local donations and we continue to demonstrate that as a volunteer focused charity, we can deliver the objectives without the need to expend of staff or additional costs. This year we have managed to make use of a local community building, where we have not been charged the usual hire fees, but have been asked to manage and use the building to help us store our items and deliver food parcels to those in need. This has been possible through gift aid funds and from specific donations that cover running costs. We have continued to remain focused on our ambition to operate on a **100% Donation’s Policy.** We have achieved this by 1. operating on a purely voluntary basis, and we ensure that all pennies raised go only towards the cause it is intended. 2. engaging with volunteers who are prepared to collect food items, distribute food items, and ensure that no additional costs are incurred. 3. requesting donors to select the Gift Aid option, so that any running costs can be taken from Gift Aid, and not donations. 4. obtaining direct sponsorship that can be used for running costs. Nareen Akhtar Chair Date: 30 January 2025 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 angles of work will allow us to satisfy the public benefit test, whilst ensuring that we are adhering to the objects of the Charity. Over the last few years, we have been inundated with requests for support with food provision. We have been fortunate that our partners and supporters have continued to support us by donating towards food parcels, food provision, and we have also had the support from smaller local charities who have shared food donations so that we can share with others. Whilst we try to meet the objectives of the three stands, due to the level of need and the appetite to support such causes, we have been directed towards this provision. Although we are not intending to be identified as a food back, it appears that we have been asked to provide support and assistance with food provision. ## Our Achievements 2023 - 2024 Through the kind support of our friends, donors, volunteers and Trustees, we have been able to achieve the following – ## **Alleviation of Poverty** We have a large number of donors from the Islamic faith who have supported our food services strand to help alleviate poverty. Muslims donate to charities and the term “sadaqah” is used to refer to voluntary acts of kindness to please God. Sadaqah can be ding good acts to help others, selflessly – taking the form of acts of time, manners, or making financial donations to support those in need, or simply to help another person. We have therefore classified general donations under the term of Sadaqah, which is our general donation pot. We spent a total of £7,365.39 which covered providing cooked meals, food parcels, and emergency food supplies. In April 2023 We delivered the following sessions: 1. 25 families with 136 food items in their food packs. 2. 40 families with 240 food items in their food packs. 3. 17 families with one rice pack each for Eid Cooked Meals- provided to upto 100 people at each session 1. 14.04.2023 10kg 2. 18.04.2023 15kg 3. 17.06.2023 20kg 4. 25.09.2023 6kg 4. 01.10.2023 7kg 5. 15.10.2023 7kg 6. 15.08.2023 6kg 7. 26.11.2023 7kg 8. 17.12.2023 8kg 9. 27.12.2023 7.5kg 10. 14.01.2024 7kg 11. 21.01.2024 7kg 12. 18.02.2024 7kg 13. 25.02.2024 7kg 14. 16.03.2024 7kg 15. 22.03.2024 7kg In December 2023 We took 30 refugee and asylum seeker families for a meal We provided 35 families with cooked meals at the Shelter ## Emergency Packs We supported 1 family in April 2023 with a food parcel that contained 17 items. This was a disabled person that had no means, and we were approached to support the family. ## January 2024 We distributed cooking oil to 30 families at the local shelter ## February 2024 50 families were provided with cooked meals ## March 2024 Ramadhan food packs provided to 50 families = total of 553 items distributed 16 Asylum seekers were taken out for Ramadhan iftar feast £840.00 was spent on Qurbani ## Zakah A total of £9,275.00 was distributed throughout the year, any remaining balance will be kept in the zakah pot and distributed as early as possible the coming financial year. A total of 37 beneficiaries/households received the total zakah donations. ## **Enhancing Education** One of the key projects was working with children and young people to help 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 – - Engage more children and young people to take up more volunteering positions and achieve their potential in areas of training and development - 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. ## **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. We are currently reviewing our strategic position, and have engaged in the re-structuring of the way the charity operates to develop a new vision, review all the policies and look at new changes that have an impact on the Charity. We continue to look for new Trustees that will shape our future. We thank everyone for supporting us and we will strive for success! STATEMENT OF FINANCIAL ACTIVTIES RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31[ST] MARCH 2024 INCOMEING RESOURCES ## **DONATIONS** **SADAQAH £ 8,405.50 ZAKAH £ 9,943.50 FITRANA/ABROAD £ 1,175.00 SPONSORSHIP £ 00.00 TOTAL INCOME 2023-2024 £19,524.00** 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. Fitrana/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 (UK) £ 7,365.39 ZAKAH CASH GRANTS (UK) £ 9,275.00 FITRANA (UK) £ 85.05 PROJECTS ABROAD (QURBANI) £ 840.00 OFFICE/BUILDING EXPENSES £ 2,665.00** ## **TOTAL RESOURCES EXPENDED** **£20,230.44** - The office/building costs are deducted from the balance of the sponsorship monies that have been reserved for administrative costs only. ## **NET INCOME RESOURCES FOR THE YEAR:** **(£ 706.44)** ## **NET MOVEMENTS OF FUNDS TOTAL FUNDS BROUGHT FORWARD** ## **£16,339.40** **TOTAL FUNDS CARRIED FORWARD TOTAL ASSETS LESS CURRENT LIABILITIES** **£15,632.96 £15,632.96** **TOTAL CHARITY FUNDS** **£15,322.88 Banked £ 310.08 Petty Cash** **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.