MMSF Financial Statement — June 2025
Manchester Muslim Student Fund Annual Report Including Independently Examined Accounts and Financial Statements
Charity Number 1190498
Financial Year: 2nd June 2024 to 1st June 2025
Message from Chair 2
Trustees Annual Report 3 Financial review 5 Statement of Financial Activities 5 Statement of Financial Position 6 Notes to the Financial Statements 7
Manchester Muslim Student Fund (CIO)
Charity Number: 1190498
RegisteredOffice: Room SC3-1, First Floor, Silicon City, IVY Business Centre Ltd, Crown St reet, Failsworth, Manchester M35 9GB
Annual Report Including Independently Examined Accounts and Financial Statements
Financial Year: 2 June 2024 – 1 June 2025
Message from the Chair of Trustees
As Chair of the Trustees, I am honoured to present this year’s report for the Manchester Muslim Student Fund (MMSF).
This year has been challenging across the charitable sector. The cost-of-living crisis has continued to affect both donors and students, while our volunteers have been stretched due to increased demand and limited capacity. With no major fundraising drives beyond our Ramadan campaign , income was lower than the previous year.
Despite this, our trustees and partners remained deeply committed to MMSF’s mission. We continued to deliver targeted financial assistance to those most in need and expanded our community reach through collaborations with university Islamic Societies, local mosques, and community organisations.
The year saw the continuation of our student hardship support , the successful launch of the Taleem Initiative aimed at providing tuition support, and increased engagement with wider community networks in Greater Manchester.
As we look ahead, strengthening fundraising capacity and diversifying income streams will be key priorities. We remain determined to deepen our partnerships, grow our Waqf Fund for long-term sustainability, and expand support for Muslim students facing hardship.
On behalf of the trustees, I extend heartfelt thanks to our donors, supporters, and partners for their ongoing trust and generosity. Your support continues to drive meaningful change in the lives of students across Greater Manchester.
Mohammed Rehman Ullah
Chair of Trustees
Trustees’ Annual Report
Financial Year Ended: 1 June 2025
Reference and Administrative Details
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Charity Name: Manchester Muslim Student Fund CIO
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Charity Number: 1190498
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Registered Office: Room SC3-1, First Floor, Silicon City, IVY Business Centre LTD, Crown Street, Failsworth, Manchester M35 9GB
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Trustees:
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Mohammed Rehman Ullah
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Dr Zaidi Hamid
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Mariam Elbayouk
MMSF is a Charitable Incorporated Organisation (CIO) established on 21 July 2020. Oversight rests with the Board of Trustees, who meet at least four times per year. All trustees serve voluntarily and are unpaid. The day-to-day running is overseen by the Chair with the support of trustees and volunteers.
Risk Review
Trustees have reviewed the principal risks facing the charity, focusing on financial sustainability, operational capacity, and governance. Controls are in place to monitor budgets, maintain compliance, and ensure transparency in financial management.
Objects of the Charity
The prevention or relief of poverty for Muslim students in the Greater Manchester area by:
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Providing grants, items or services to those in need;
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Supporting projects and organisations with similar aims;
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Conducting initiatives and research that promote student welfare and empowerment.
Mission and Vision
That every Muslim student in Greater Manchester has the opportunity to thrive in their education and realise their potential.
Values:
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Guided by Islamic ethos and principles.
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Supporting eligible Muslim students in Greater Manchester.
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Acting with fairness, justice, and integrity.
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Building sustainable income through endowments (Waqf).
Public Benefit
The trustees confirm they have referred to the Charity Commission’s general guidance on public benefit when reviewing aims, setting objectives, and planning activities.
Grant-Making Policy
The charity provides grants and hardship assistance strictly in accordance with its objectives. Funding derives mainly from individual donations and community partnerships.
Activities and Achievements (2 June 2024 – 1 June 2025)
This year marked a period of consolidation and challenge for the Manchester Muslim Student Fund. With limited fundraising activity — primarily focused around Ramadan — and a stretched volunteer base, income was affected by the continuing cost-of-living crisis. Nevertheless, the charity maintained a strong programme of work supporting students and their wider communities across Greater Manchester.
Over 1,000 students benefited indirectly through partnerships with university Islamic Societies and the Manchester Community Initiative (MCI) , which jointly delivered events and activities promoting wellbeing, community engagement, and academic success.
More than £16,000 in direct hardship and tuition grants was distributed to Muslim students experiencing financial difficulty, with an average award of approximately £400 per student . These grants provided essential relief for rent, food, and course costs, enabling students to continue their studies without undue stress.
The introduction of the Taleem Initiative — a tuition support scheme — proved an important step forward and will continue next year. MMSF also strengthened its outreach with local mosques and faith-based organisations, extending the charity’s reach into the broader Greater Manchester Muslim community .
Community-focused projects, including football tournaments and student-led events, fostered wellbeing, inclusion, and stronger community ties, advancing MMSF’s vision of ensuring all Muslim students can thrive academically and socially.
Financial Review
For the financial year ending 1 June 2025 , MMSF recorded total income of £35,360.58 and total expenditure of £51,372.11 , resulting in a net deficit of £16,011.53 .
This reflects lower income due to reduced fundraising alongside continued high levels of charitable spending in line with the charity’s mission. The trustees are satisfied that the charity remains solvent and financially stable.
Opening Funds (2024): £51,714.08 Closing Funds (2025): £35,702.55
The trustees plan to rebuild reserves and strengthen the Waqf Fund to support long-term sustainability.
Independent Examination
The accounts have been independently examined , and the Examiner’s Report will be attached to this document.
Statement of Financial Activities
(for the year ended 1 June 2025)
| Unrestricted Funds (£ ) |
Restricted Funds (£ ) |
Total (£) | |
|---|---|---|---|
| Income and Endowments | 3,275.88 | 31,044.56 | 34,320.44 |
| Expenditure on Charitable Activities 5,981.92 |
44,350.05 | 50,331.97 | |
| Net Income / (Expenditure) | –2,706.04 | –13,305.49 | – 16,011.53 |
| Funds brought forward (2024) | 23,660.72 | 28,053.36 | 51,714.08 |
| Funds carried forward (2025) | 20,950.21 | 14,752.34 | 35,702.55 |
Statement of Financial Position
(as at 1 June 2025)
| £ | |
|---|---|
| Current Assets Cash in bank and in hand 35,702.55 |
|
| Creditors: amounts falling due within one year | 0 |
| Net Assets | 35,702.55 |
| Funds of the Charity Restricted Funds 14,752.34 |
|
| Unrestricted Funds | 20,950.21 |
| Total Charity Funds | 35,702.55 |
These financial statements were approved by the Board of Trustees and authorised for issue on
- 1 April 2026 , and are signed on behalf of the Board by:
Dr Zaidi Hamid
Treasurer — Founding Trustee
Notes to the Financial Statements
1. Basis of Preparation
The accounts are prepared on a receipts-and-payments basis appropriate to the size and complexity of the charity.
- Funds
All funds are restricted except the Unrestricted Fund used for general charitable purposes.
Restricted
funds: Hardship, UoM ISoc Funds, Waqf, Dr Abdul Rahman Award, Mental Health.
- Reserves Policy
MMSF aims to maintain unrestricted reserves sufficient to cover at least three months of core expenditure.
4. Independent Examination
The accounts have been independently examined; the examiner’s detailed report will be attached.
End of Report
Manchester Muslim Student Fund (CIO) Charity Number 1190498
Manchester Muslim Student Fund (CIO)
Charity Number: 1190498
Receipts and Payments Accounts for the year ended 1 June 2025
Receipts (Income)
| Category | Unrestricted (£) | Restricted (£) | Total (£) |
|---|---|---|---|
| Donations and fundraising | 3,275.88 | 31,044.56 | 34,320.44 |
| Total Receipts | 3,275.88 | 31,044.56 | 34,320.44 |
Payments (Expenditure)
| Category | Unrestricted (£) | Restricted (£) | Total (£) |
|---|---|---|---|
| Charitable activities | 5,981.92 | 44,350.05 | 50,331.97 |
| Total Payments | 5,981.92 | 44,350.05 | 50,331.97 |
Net Movement in Funds
| Unrestricted (£) | Restricted (£) | Total (£) | |
|---|---|---|---|
| Net (expenditure) | (2,706.04) | (13,305.49) | (16,011.53) |
Statement of Assets and Liabilities (1 June 2025)
| Assets | Assets | Assets | Amount (£) |
|---|---|---|---|
| Cash in bank and in hand | 35,702.55 | ||
| Total Assets | 35,702.55 | ||
| Liabilities Amount (£) Creditors 0 Total Liabilities 0 |
|||
| Liabilities | Amount (£) | ||
| Creditors | 0 | ||
| Total Liabilities | 0 |
Net Assets: £35,702.55
Analysis of Funds
| Fund Type | Opening (£) | Movement (£) | Closing (£) |
|---|---|---|---|
| Unrestricted | 23,660.72 | (2,706.04) | 20,950.21 |
| Restricted | 28,053.36 | (13,305.49) | 14,752.34 |
|---|---|---|---|
| Total | 51,714.08 | (16,011.53) | 35,702.55 |
Notes
Accounts prepared on a receipts and payments basis in line with Charity Commission guidance.
Restricted funds include hardship, Waqf, ISoc, mental health and award funds. Reserves policy: 3 months of core expenditure.
Approval
Approved by trustees on 1 April 2026 Signed: Dr Zaidi Hamid (Treasurer)
CHARITY (OMMISSION I Independent examlner'$ report on the -.J FQR ENGLANO AND WALES accounts •spcllon ••lndépli'ftdlnt Ejtamlnerll Ropo R•port to th• trust••8 £.s"fÉrL s.- Charlty no (If •ny) On •ccount8 for th• y•ar end•d 119 oFgS I Set out on pago8 I r6port to the trustees on my 6x8mination of the accounts ol thé above charlty ("the Trust") for the year ended As the charity's trustees, you are responsibl8 for the preparalion ol the accounts In accordance with the requlrements of the Chartlies Act 2011 ("the Act"). Responslbllltles and bas18 of report I report In respect of my 8xamlnatlon of the Trust's accounts carrled out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directlons glven by the Charlly Commlssion under s8ctlon 145(5)(b) of the Act. Independent examlner's statement. app I have completed my examlnatlon. I confirm that no material matters have come to my attentlon In connectlon wllh tlie examlnatSon (other than that dlsclosed below ') whlch glves me cause to belleve that In, any rnaierlal resp8Ct', the accountlng records were not kept In accordanco with seLllon 130 of the Charltles Act; or the accounts dld not accord wlth the accountlng records., or the accounts dld not comply wlth the appllc8bl8 r8quir8inents concernlng the form and content of accounts 86t out In th6 Charllles (Accounts and Report8) Regulatlons 2008 othor Ihan any reqlilreinvnl that the 8ccounls glve 8 'true and falr, vlew whlch Is not a mult•r con8lder6d as parl of an Indepgndenl examlnatlon. I have no concerns and have come across no other matters In ¢oiiiieclloi) with Ahe examlnatlon lo whlch atlenllon should b8 drown In Ihls reporl Iii order. lo enable a proper underslandlng of the accounts to b& raaLIi(4d. Pleasa delele the words lii Ihe brackets11 they do iiot apply, Dat•: Nam•: R•l•vant prof•••lonal qu8llflcatlon(•) or body (If •ny>: .M*neh¢ite1'.1114-YlJZ 0161.11SK24 IER Oct 2018
Address: SAM ie 300 Plolt Lane Man¢ f11614258148 Section B Disclosure Only complete if the examiner needs to highlight matenal matters of conrn (see CC32, Independenl examination of charity accounts: direclions and guidance for examiners). Give here brief details of any Items that the examlner wishes to dlsclosè. O¢t X118