Trustees’ Annual Report
Period start date: 01 April 2023 Period end date: 31 March 2024
Charity name: Myriad Foundation CIO
Charity registration number: 1172183
Objectives and Activities
| SORP reference |
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|---|---|---|
| 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 |
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| 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 |
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| 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 | During the year Myriad Foundation continued its food bank operation, “Feed a Friend” 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 to provide relief from social isolation particularly in what was a significantly challenging year for vulnerable communities. Myriad Foundation had previously 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 began the redevelopment works for the building during the financial year. The Taste Ramadan project continued in this financial year. This national initiative involved mosques around the country breaking fast during Ramadan with the local communities to inform and educate about, Ramadan, fasting and Islam generally. |
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. |
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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.£28,000 in order to meet the additional funding requirements for future projects. |
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| 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. |
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| Amount of reserves held | Para 1.22 | £78,235 |
| 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. |
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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 1 Slade Lane Manchester M13 0QJ |
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 |
| Myriad Foundation CIO | Myriad Foundation CIO | Myriad Foundation CIO | 1172183 | 1172183 | CC16a | |
|---|---|---|---|---|---|---|
| For the period from |
01/04/2023 | To | 31/03/2024 | |||
| Section A Receipts and payments | ||||||
| A1 Receipts | Unrestricted funds to the nearest £ 27,312 - - - - - - - 27,312 - - - 27,312 9,867 4,136 1,265 - - - - - - 15,268 82,980 - 82,980 98,248 - 70,936 - 148,593 77,657 |
Restricted funds to the nearest £ - - - - - - - - - - - - - 979 - - - - - - - - 979 - - - 979 - 979 - 1,557 578 |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 27,312 - - - - - - - 27,312 - - - 27,312 10,846 4,136 1,265 - - - - - - 16,247 82,980 - 82,980 99,227 - 71,915 - 150,150 78,235 |
Last year to the nearest £ |
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| Voluntary Donations | 27,312 | 33,024 | ||||
| Charitable Activities | - | - | ||||
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| Sub total(Gross income for AR) | 27,312 | 33,024 | ||||
| A2 Asset and investment sales, (see table). |
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| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
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| 33,024 | ||||||
| Cost of Charitable Activities | 9,867 | 26,262 | ||||
| Cost of Generating Voluntary Donations |
4,136 | 4,450 | ||||
| Governance Costs | 1,265 | 874 | ||||
| - | - | |||||
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| **Sub total ** | 15,268 | 31,586 | ||||
| A4 Asset and investment purchases, (see table) |
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| Leasehold BuildingImprovements | 82,980 | |||||
| - | ||||||
| **Sub total ** | 82,980 | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
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| 31,586 | ||||||
| - 70,936 | - 979 | - | - 71,915 | 1,438 | ||
| - | - | - | - | - | ||
| 148,593 | 1,557 | - | 150,150 | 148,712 | ||
| 77,657 | 578 | - | 78,235 | 150,150 |
CC16a R1 [Page] accounts (SS)
30/05/2024
1
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 PayPal Account Signature Details Supplier Overpayment Building Improvements Details Current Account Stripe Account Cash in hand B1 Cash funds Details B2 Other monetary assets Details Total cash funds B4 Assets retained for the charity’s own use (agree balances with receipts and payments account(s)) B5 Liabilities B3 Investment assets Details Office Equipment |
Unrestricted funds Restricted funds to nearest £ to nearest £ 72,608 578 598 - 4,451 - - 77,657 578 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 Unrestricted Funds 82,980 - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Dominic Ball FCCA |
Endowment funds to nearest £ |
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| OK | ||
| Endowment funds to nearest £ |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval | ||
| Dominic Ball FCCA | 10/12/2024 | |
CC16a R2 [Page] accounts (SS)
30/05/2024
2
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