## **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)**
You may choose to include further statements where relevant about:
||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.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
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||||
**----- Start of picture text -----**
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
**----- End of picture text -----**
|**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|
MYIIIAD FOUNDATION CK)
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