2022-03-31-accounts

Trustees’ Annual Report

Period start date: 01 April 2021 Period end date: 31 March 2022

Charity name: Myriad Foundation CIO

Charity registration number: 1172183

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Myriad Foundation is established in order to: ● Promote community cohesion and social harmony. ● Tackle poverty and isolation among socio-economically challenged demographics of society. ● Enlighten society on the true beliefs and teachings of Islam. ● Actively participate in existing projects and bring new projects that encourage inclusive welfare and relief. ● Establish links with educational, social and political establishments.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	To deliver its purpose, Myriad Foundation ● Operate a soup kitchen in Manchester city centre on a bi-weekly basis on Wednesday and Sundays. ● Operate a foodbank and food parcel delivery service in Levenshulme on a bi-weekly basis. ● Provide educational resources and presentations to aid schools in the teaching of Islam. ● Facilitate initiatives with local mosques to encourage the local community to visit and learn about Islam.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees confirm that they have considered the charity commission’s guidance on public benefit.

Additional information (optional)

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	SORP reference
Contribution made by volunteers	Para 1.38	Myriad Foundation is a 100% voluntary run organisation. It is with the support and dedication of our volunteers that Myriad Foundation is able to provide continuous weekly support to those suffering from poverty and isolation due to old age in Manchester. Volunteers have committed over 2000 hours of time to community work in Manchester.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The COVID-19 pandemic and isolation measures were ongoing throughout the whole of this financial period and has continued to impact the way Myriad Foundation provided support to the community. Particularly, due to Government restrictions a number of our services were still unable to operate and as such, projects including “My Social Buddy” where volunteers attend care homes and hospices were placed on hold until it was appropriate to restart in line with health and Government guidelines. Despite Government restrictions across a number of projects, Myriad Foundation adapted to the changing needs of society by launching new services and adapting the delivery of existing services. During the year Myriad Foundation continued its food bank operation, “Feed a Friend”, however, it operated differently by delivering food parcels directly to those in need. This provides greater dignity and ease to vulnerable service users. Myriad Foundation has continued to operate and run a soup kitchen, “Soup N Smiles”, in Manchester City Centre continuously throughout the year on a bi-weekly basis. The soup kitchen is the Myriad Foundations biggest project, in terms of volunteer numbers, relying on the vital contribution of over 30 volunteers. Over 4000 vital meals were provided to vulnerable people in Manchester including not only soup, beverages and hot meals but also clothing and accessories. Volunteers spend time building relationships with the guests in order to provide relief from social isolation particularly in what was a significantly challenging year for vulnerable communities. In the prior period, Myriad Foundation agreed the terms of a community asset transfer with Manchester City Council to acquire a community building in Longsight from which to deliver a vast array of new projects and expand additional services that are currently being provided. The trustees worked with external advisers to develop a redevelopment plan and due to the listed status of the building entered into ongoing consultations with Manchester City Council’s planning team to agree a scope of work.

Additional information

Performance of fundraising activities against objectives set	Para 1.41	Myriad Foundation achieved its fundraising objective to generate recurring monthly donations to meet ongoing charitable costs and increase one off donations to meet future building development costs.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Myriad Foundation has a strong balance sheet position at the period end, which is sufficient to cover ongoing project development costs. During the year, Myriad Foundation received annual donations of c.£59,000 in order to meet the additional funding requirements for future projects.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Myriad Foundation holds reserves in order to fund the future development of the projects and to ensure the Charity has sufficient liquid capital to meet its ongoing operational expenses. Myriad Foundation has completed the acquisition of a building through a community asset transfer, reserves are being maintained in order to fund the development of this building.
Amount of reserves held	Para 1.22	£148,688
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The Trustees do not have any uncertainties about the Charity continuing as a going concern.
Additional information
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Myriad Foundation’s principal source of funds is through voluntary donations and sponsorship.

Structure, Governance and Management

Type of governing document	Para 1.25	Association Constitution
How is the charity constituted?	Para 1.25	Charitable Incorporated Organisation
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustee appointment is considered by way of the completion of an application form and an interview with the existing Trustees. A majority of trustees can approve the appointment of a new trustee.

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All Trustees receive an induction setting out the objectives, purpose and procedures of the Charity. Policies and procedures adopted for the induction Para 1.51 and training of trustees

Reference and Administrative details

Charity name	Myriad Foundation CIO
Other name the charity uses	Myriad Foundation
Registered charity number	1172183
Charity’s principal address	Slade Lane Neighbourhood Centre 642 Stockport Road Longsight Manchester M13 0RZ

Charity Trustees which manage the charity

1 2 3 4 5	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Muhammed Alishan Mahmood
	Adeel Mahmood
	Abu Zaffar Ghulam Haydar
	Mohammad Imran Naseem
	Dominic John Ball

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Myriad Foundation CIO 1172183
Receipts and Payments Accounts CC16a
For the period
01/04/2021 To 31/03/2022
from
Section A Receipts and payments
Unrestricted Restricted
Endowment funds Total funds Last year
funds funds
to the nearest to the nearest
to the nearest £ to the nearest £ to the nearest £
£ £
A1 Receipts
Voluntary Donations 57,854 720 - 58,574 88,802
Charitable Activities - - - - 18,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for AR) 57,854 720 - 58,574 106,802
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 57,854 720 - 58,574 106,802
A3 Payments
Cost of Charitable Activities 36,428 3,720 - 40,148 83,392
Cost of Generating Voluntary
Donations 4,904 - - 4,904 2,208
Governance Costs 667 - - 667 842
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 41,999 3,720 - 45,719 86,442
A4 Asset and investment
purchases, (see table)
Computer Equipment - - - -
- - - -
Sub total - - - - -
Total payments 41,999 3,720 - 45,719 86,442
Net of receipts/(payments) 15,855 - 3,000 - 12,855 20,360
A5 Transfers between funds - - - - -
A6 Cash funds last year end 125,797 10,060 - 135,857 115,497
Cash funds this year end 141,652 7,060 - 148,712 135,857
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Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees (agree balances with receipts and payments account(s)) B5 Liabilities B3 Investment assets Details B2 Other monetary assets Details Total cash funds B4 Assets retained for the charity’s own use Current Account Savings Account Cash in hand B1 Cash funds Details Details Office Equipment Supplier Overpayment PayPal Account Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 139,259 7,060 - - 2,393 - - 141,652 7,060 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) Unrestricted Funds 960 Unrestricted Funds 100 - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Dominic Ball FCCA	Restricted funds to nearest £ 7,060 - - 7,060 OK Restricted funds to nearest £ - - - - - Cost (optional) - - - - - Cost (optional) 960 100 - - - - - - - Amount due (optional)	Endowment funds to nearest £ - - -
			-
			OK
			Endowment funds to nearest £ - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional)
		- - - - -
			Date of approval 31/01/2023

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