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2023-06-01-accounts

Manchester Muslim Student Fund

Annual Report Including Independently examined accounts and financial statements

Financial Year: 2[nd] June 2022 to 1[st] June 2023

Trustees Annual Report.....................................................................................................................2 Statement of Financial Activities.......................................................................................................7 Statement of Financial Position.........................................................................................................8 Notes to the Financial Statements.....................................................................................................9

Trustees Annual Report

Financial Year Ending 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the financial year ending on 31 March 2024

Reference and Administrative details

Registered charity name

Manchester Muslim Student Fund CIO

Charity registration number

1190498

Principal office

Room SC3-1, First Floor Silicon City, IVY Business Centre LTD, Crown Street Failsworth, Manchester M35 9GB

The trustees

Mohammed Rehman Ullah Dr Zaidi Hamid Mariam Elbayouk

Manchester Muslim Student Fund is constituted as a Charitable Incorporated Organisation (CIO). The CIO was registered with the Charity Commision on 21[st] July 2020 with its charity number being 1190498.

The CIO is governed by a Board of Trustees. Trustees meet at least 4 times per calendar year. They are elected and opted under the terms of the Articles of Association. Overall responsibility for the management of Manchester Muslim Student Fund rests with the board of trustees.

There is no chief executive officer. The day to day affairs are headed by Mohammed Rehman Ullah, with the support of the trustees and other volunteers. All Major decisions are taken collectively by the trustees and all the trustees give their time freely. The trustees are unpaid, and details of any related party transactions are disclosed as applicable in the notes to the accounts.

Risk Review

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and the finances of the CIO and are satisfied that systems are in place to manage our exposure to major risks.

The Objects of the Charity are –

The prevention or relief of poverty for Muslim students in the Greater Manchester area by providing grants, items, and services to individuals in need and other organisations with similar aims and by supporting and initiating projects and conducting research.

Manchester Muslim Student Funds’ Mission and vision is

All Muslim students are given the best opportunities to thrive in their education and fulfil their potential.

Our work is underpinned by the following values:

Public Benefit

The trustees confirm they have referred to the guidance contained in the charity commissions general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting grant making policy for the year.

Grant Making policy

The charity is funded by donations. The charity gives out grants in line with the above criteria where applicable.

We have already given out some grants to organisations with similar aims and have set in place criteria and assigned budget for hardship funding. We aim to give out awards and grants in the next academic year as a priority,

Achievements for the Year

  1. Mission Fulfilment

  2. The charity has been dedicated to supporting Muslim students in Greater Manchester, ensuring they have access to the resources and opportunities they need to succeed academically. We have directly supported many students, offering both financial assistance and access to a network of professional and academic resources.

2. Financial Assistance

The charity launched and successfully administered the Hardship Fund, distributing significant grants to students facing financial difficulties. This funding has been instrumental in helping students cover essential living expenses, tuition fees, and academic materials, allowing them to focus on their studies without the burden of financial stress.

  1. Fundraising and Events

Over the course of the year, we organized several fundraising initiatives, including our successful Ramadan fundraising campaign in partnership with local mosques, raising vital funds to support our core mission. Additionally, our charity hosted the official launch event at the Whitworth Art Gallery, attended by numerous guests, including students, stakeholders, and supporters. This event not only introduced the charity to the wider community but also facilitated key networking and connection-building opportunities with stakeholders.

4. Partnerships and Collaborations

Our charity has formed important strategic partnerships with local organizations, businesses, and educational institutions. This has resulted in greater community engagement, increased resources, and more effective support for students. Through these collaborations, we've been able to extend our reach and provide even more students with the tools they need to succeed.

  1. Student Impact and Feedback

  2. We’ve received positive feedback from beneficiaries of our Hardship Fund, with many students reporting improved academic performance and overall well-being. These positive outcomes underscore the critical role of financial and emotional support in helping students thrive.

6. Community Outreach

The charity has made a strong impact within the wider Muslim community, engaging in outreach programs designed to help students with career advice, mentorship opportunities, and access to professional networks. These efforts have helped students expand their career horizons and develop essential skills for their future careers.

7. Awards and Celebrations

To recognize academic achievement, the charity provided voucher awards to students on GCSE and A-Level results day in partnership with a local restaurant. These vouchers served as a celebration of their hard work and a way for the community to show support for their success.

  1. Volunteer and Staff Development

We’ve worked to grow our volunteer base, increasing participation and offering specialized training sessions for volunteers to enhance their skills in charity management and student support. This development has strengthened the charity’s operations and ensured that we have the capacity to deliver high-quality support to students.

  1. Sustainability and Future Planning

Looking toward the future, the charity has developed a long-term sustainability strategy. This includes the establishment of a reserve fund and a focus on building a robust pipeline of recurring donations. These initiatives are designed to ensure the charity's ability to continue its vital work for years to come.

Special Thanks – To Dr Ayesha Khan for her support – she left the charity as her term had ended – she stayed to support is with our launch and we wish her all the success in the future.

Financial Review

The charity received £ 43,202.91 in donations and income from projects and £ 22,304.99 was paid out by way of direct charitable activities and support costs.

This expenditure was made in line with the stated objects of the charity and was for the promotion of Muslim student excellence in the Greater Manchester Area. Costs incurred included payments for office rent, staff training and website launch costs.

The Trustees wish to thank all their benefactors for their generosity without which the charity simply would not have been able to provide its vital services.

Statement of Financial Activities

Year to 1 June Year to 1 June 2023
Note Unrestricted Restricted Total Funds
Funds (£) Funds (£) (£)
Income and Endowments
Donatons to endowment (waqf fund) 10,280.06
Donatons 15,204.93 17,663.84
Interest Accrued 84.08
Total Income 43,202.91
Expenditure
Expenditure on charitable actvites 10,142.33 12,162.66
Total Expenditure 22,304.99
Reconciliaton of Funds
Total funds brought forward 17,004.99
Net Income and net movement in funds -20,897.92
Total funds carried forward 37,902.91
Statement of Financial Positon
Year to 1 June 2023
Current Assests £ £
Cash in bank and in hand 37,902.91
Creditors: amounts falling due within one year 0
Net current assets
Total Assets less current liabilites
Net Assets 37,902.91
Funds of Charity
Restricted Funds 25,907.06
Unrestricted Funds 11,218.12
Interest Accrued 87.73 (84.32 Waqf + 3.41
starling)
Total Charity Funds 37,902.91

These financial statements were approved by the board of trustees and authorised for issue on 04__/02/2025 and are signed on behalf of the board by:

Zaidi Hamid

Treasurer – Founding Trustee

Manchester Muslim Student Fund

Annual Report Including Independently examined accounts and financial statements

Financial Year: 2[nd] June 2022 to 1[st] June 2023

Trustees Annual Report.....................................................................................................................2 Statement of Financial Activities.......................................................................................................7 Statement of Financial Position.........................................................................................................8 Notes to the Financial Statements.....................................................................................................9

Trustees Annual Report

Financial Year Ending 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the financial year ending on 31 March 2024

Reference and Administrative details

Registered charity name

Manchester Muslim Student Fund CIO

Charity registration number

1190498

Principal office

Room SC3-1, First Floor Silicon City, IVY Business Centre LTD, Crown Street Failsworth, Manchester M35 9GB

The trustees

Mohammed Rehman Ullah Dr Zaidi Hamid Mariam Elbayouk

Manchester Muslim Student Fund is constituted as a Charitable Incorporated Organisation (CIO). The CIO was registered with the Charity Commision on 21[st] July 2020 with its charity number being 1190498.

The CIO is governed by a Board of Trustees. Trustees meet at least 4 times per calendar year. They are elected and opted under the terms of the Articles of Association. Overall responsibility for the management of Manchester Muslim Student Fund rests with the board of trustees.

There is no chief executive officer. The day to day affairs are headed by Mohammed Rehman Ullah, with the support of the trustees and other volunteers. All Major decisions are taken collectively by the trustees and all the trustees give their time freely. The trustees are unpaid, and details of any related party transactions are disclosed as applicable in the notes to the accounts.

Risk Review

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and the finances of the CIO and are satisfied that systems are in place to manage our exposure to major risks.

The Objects of the Charity are –

The prevention or relief of poverty for Muslim students in the Greater Manchester area by providing grants, items, and services to individuals in need and other organisations with similar aims and by supporting and initiating projects and conducting research.

Manchester Muslim Student Funds’ Mission and vision is

All Muslim students are given the best opportunities to thrive in their education and fulfil their potential.

Our work is underpinned by the following values:

Public Benefit

The trustees confirm they have referred to the guidance contained in the charity commissions general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting grant making policy for the year.

Grant Making policy

The charity is funded by donations. The charity gives out grants in line with the above criteria where applicable.

We have already given out some grants to organisations with similar aims and have set in place criteria and assigned budget for hardship funding. We aim to give out awards and grants in the next academic year as a priority,

Achievements for the Year

  1. Mission Fulfilment

  2. The charity has been dedicated to supporting Muslim students in Greater Manchester, ensuring they have access to the resources and opportunities they need to succeed academically. We have directly supported many students, offering both financial assistance and access to a network of professional and academic resources.

2. Financial Assistance

The charity launched and successfully administered the Hardship Fund, distributing significant grants to students facing financial difficulties. This funding has been instrumental in helping students cover essential living expenses, tuition fees, and academic materials, allowing them to focus on their studies without the burden of financial stress.

  1. Fundraising and Events

Over the course of the year, we organized several fundraising initiatives, including our successful Ramadan fundraising campaign in partnership with local mosques, raising vital funds to support our core mission. Additionally, our charity hosted the official launch event at the Whitworth Art Gallery, attended by numerous guests, including students, stakeholders, and supporters. This event not only introduced the charity to the wider community but also facilitated key networking and connection-building opportunities with stakeholders.

4. Partnerships and Collaborations

Our charity has formed important strategic partnerships with local organizations, businesses, and educational institutions. This has resulted in greater community engagement, increased resources, and more effective support for students. Through these collaborations, we've been able to extend our reach and provide even more students with the tools they need to succeed.

  1. Student Impact and Feedback

  2. We’ve received positive feedback from beneficiaries of our Hardship Fund, with many students reporting improved academic performance and overall well-being. These positive outcomes underscore the critical role of financial and emotional support in helping students thrive.

6. Community Outreach

The charity has made a strong impact within the wider Muslim community, engaging in outreach programs designed to help students with career advice, mentorship opportunities, and access to professional networks. These efforts have helped students expand their career horizons and develop essential skills for their future careers.

7. Awards and Celebrations

To recognize academic achievement, the charity provided voucher awards to students on GCSE and A-Level results day in partnership with a local restaurant. These vouchers served as a celebration of their hard work and a way for the community to show support for their success.

  1. Volunteer and Staff Development

We’ve worked to grow our volunteer base, increasing participation and offering specialized training sessions for volunteers to enhance their skills in charity management and student support. This development has strengthened the charity’s operations and ensured that we have the capacity to deliver high-quality support to students.

  1. Sustainability and Future Planning

Looking toward the future, the charity has developed a long-term sustainability strategy. This includes the establishment of a reserve fund and a focus on building a robust pipeline of recurring donations. These initiatives are designed to ensure the charity's ability to continue its vital work for years to come.

Special Thanks – To Dr Ayesha Khan for her support – she left the charity as her term had ended – she stayed to support is with our launch and we wish her all the success in the future.

Financial Review

The charity received £ 43,202.91 in donations and income from projects and £ 22,304.99 was paid out by way of direct charitable activities and support costs.

This expenditure was made in line with the stated objects of the charity and was for the promotion of Muslim student excellence in the Greater Manchester Area. Costs incurred included payments for office rent, staff training and website launch costs.

The Trustees wish to thank all their benefactors for their generosity without which the charity simply would not have been able to provide its vital services.

Statement of Financial Activities

Year to 1 June Year to 1 June 2023
Note Unrestricted Restricted Total Funds
Funds (£) Funds (£) (£)
Income and Endowments
Donatons to endowment (waqf fund) 10,280.06
Donatons 15,204.93 17,663.84
Interest Accrued 84.08
Total Income 43,202.91
Expenditure
Expenditure on charitable actvites 10,142.33 12,162.66
Total Expenditure 22,304.99
Reconciliaton of Funds
Total funds brought forward 17,004.99
Net Income and net movement in funds -20,897.92
Total funds carried forward 37,902.91
Statement of Financial Positon
Year to 1 June 2023
Current Assests £ £
Cash in bank and in hand 37,902.91
Creditors: amounts falling due within one year 0
Net current assets
Total Assets less current liabilites
Net Assets 37,902.91
Funds of Charity
Restricted Funds 25,907.06
Unrestricted Funds 11,218.12
Interest Accrued 87.73 (84.32 Waqf + 3.41
starling)
Total Charity Funds 37,902.91

These financial statements were approved by the board of trustees and authorised for issue on 04__/02/2025 and are signed on behalf of the board by:

Zaidi Hamid

Treasurer – Founding Trustee

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