## 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:** - **(a) Islamic ethos and values** - **(b) Support students in Greater Manchester who meet specific criteria** - **(c) Fairness and Justice** - **(d) To garner sustainable forms of Income in the form of Endowments** ## **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** - 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. 3. **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. 5. **Student Impact and Feedback** - 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. 8. **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. 9. **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:** - **(a) Islamic ethos and values** - **(b) Support students in Greater Manchester who meet specific criteria** - **(c) Fairness and Justice** - **(d) To garner sustainable forms of Income in the form of Endowments** ## **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** - 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. 3. **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. 5. **Student Impact and Feedback** - 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. 8. **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. 9. **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 I (HARITY (OMM15SION Independent èxamlner's report on the FOR IWJLthD A141) WAIES accounts Sectlon A Indèpondonl Eiimln•t'• Aèporf R•port to th• trv•l••• MA￿(11c5.1Crt ST￿0J¢ 1013 ChAilly no 111 iny) On •ecounl8 for the yeii ènd•d | 11gnqqg 3•t out on p•g•• l ipport lo the Iruilee4 on my •. iftminAlw ol Ihe afxrnmls ol lh• abov chfirily I"Ih8 Trug1"I lof I1￿ year endod Respon8lbS1111•1 •nd bas1$ of report As lh8 thRrity's Ifuglees, you are fesw)nsibl8 lor lh8 Pf•Paf8lKm ol Ibe accounls in occordance wilh the requifemenls ol the Chafiliè8 Aci 2011 Ilhe Ad'i. I report in respect of my examinalKJn ol the Trust's accounts carded out under sr*ction 145 of Ihe 2011 Act and in carrying out my examinatson, I havo loli )wed all tho applicable Direcb'ons given by the Charity ComMiss￿n under sf ￿10￿ 1451511b) of Ihe Act. Independent examlnevs statemenl I have coi 'pleled my examination. I confirm that no material matters have come lo r y allenlion in connection with the examinatKsn (other than that disclosed )elow ') vthich gives Me cause lo believe that in, any material respect.. th( accounting records ￿re r￿l kept In accordance with section 130 of Ie Charities Act: or the accounts did not accord with the accounting re¢￿d5. or thÉ 3ccounts did not comply with the applicabSe requirements r, '£ming the fomi and content of accounts set out in the Charities (AG ?un15 and Reports) Regulations 2008 othef than any requirement that he accounts give a Irue and fairf wew which is not a matter dered as part of an independent examination. I have r ) concems and have come across no other matters in connection wrth the ?xamination to which attention should be drawn in this report in order to Inable a proper understanding of the accounts to be reached. . Please de Cate Ihe words in th8 brackéts rfthey do not apply. Dato: Name: Vous*K Relevanl professlonal qualificatlon(s) or body (If any): AF*4 1 4g_￿ IER Sam&Cb Oct 2018 liiv