OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-07-31-accounts

education | literacy | skills | training | development | support | sponsorship | empowerment

Charity Registration No. 1191868

MUSLIM FUTURES

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Charity Registration No. 1191868

MUSLIM FUTURES

CONTENTS


Page Legal and Administrative Information 3 Trustees Report 4 - 6 Statement of Financial Activities 7 - 8

[2]

Charity Registration No. 1191868

MUSLIM FUTURES

LEGAL AND ADMINISTRATIVE INFORMATION


Trustees

Charity number

Freeda Yousaf - resigned 28[th] September 2024 Salma Haq Shahid Majid - appointed 1[st] October 2024 Ummar Yousaf 1191868

Registered office

Bankers

570 Cranbrook Road Ilford Essex IG2 6RE TSB Bank Plc 797-799 High Road Leytonstone London E11 4QS

[3]

Charity Registration No. 1191868

MUSLIM FUTURES

TRUSTEES REPORT

FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their Annual Report and Financial Statements for the year ending 31[st] July 2025.

The Financial Statements have been prepared in accordance with the accounting policies set out in Note 1 to the Financial Statements and comply with the charity's Constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1[st] January 2019).

Objectives and Activities

The Muslim Futures vision continues to be centred on the concept of the alleviation of poverty and hardship through education and learning for all, where opportunities are created for personal development, selfempowerment, and societal improvement.

To fulfil this vision, Muslim Futures has established its Aims and Objectives as ‘Objects’ as defined in the amended Constitution. The Objects of the charity are,

“The prevention or relief of poverty or financial hardship, the relief of sickness, and the advancement of education anywhere in the world as the Trustees deem fit by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty, relieve sickness, or advance education.”

There has been no change in these during the year.

In delivering these Objects, Muslim Futures continues to work with communities across the UK and internationally, in providing education, literacy, skills and training opportunities through support, development, sponsorship and empowerment, with a specific emphasis on child development, juvenile and youth support and supporting the sick, disabled, homeless, widowed, and orphaned.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding which activities the charity should undertake.

During 2024-2025, Muslim Futures carried out many activities in conjunction with one or more partner organisations. Some are listed below:

[4]

Charity Registration No. 1191868

Achievements and Performance

As a small charity with limited income and a local core donor base, we value every donation and carefully consider every penny spent. The Trustees are pleased to share some of our achievements here;

The Trustees confirm that they have referred to the guidance on public benefit contained in documents produced by the Charity Commission, when reviewing the aims and objectives of the charity and planning future activities.

Financial Review

Our overall objective in relation to fundraising is to maximise the amount of voluntary income raised and to ensure that we did so at a reasonable cost to income ratio.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between 3- and 6- months’ expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the key critical risks to which the charity is exposed, and our risk management strategy and processes have evolved and strengthened throughout this year. We continue to work diligently towards developing a stronger governance and operational structure to address current and future risks.

Future Development

The Trustees are satisfied with the continued progress and development of the Charity in relation to its stated objects.

The Charity was established to prevent or relieve poverty or financial hardship, relieve sickness, and advance education, and the Trustees are satisfied that the focus of the activities carried out meets these criteria.

The charity continues to focus on increasing investment in key long-term development projects, with implementation

[5]

Charity Registration No. 1191868

in fewer countries, to further enable effective and efficient utilisation of resources. This means that our activities in the future will remain focused on areas of key impact and change to people’s lives, within specific locations, in pursuit of our aims and objectives, with a greater emphasis on education, literacy, learning, skills development, training and job creation. We believe our activities over the last year have reflected this increased emphasis and whilst we continue to work towards these objectives, we will continue to strengthen our links with project partners in Africa, Turkey and Palestine. We have also been successful in securing new delivery partnership teams for Afghanistan and Yemen, and we continue to seek reliable representation for our Bangladesh activities.

The Trustees intend to continue their work to further enhance existing and new project activities based on the relationships and working models built with their project implementation partners. These relationships with our partners are vital to the long-term development and success of Muslim Futures and we recognise the value they bring to our team in helping us to deliver the donor’s intentions. The Trustees strive to work harder in this respect and develop a closer bond with each of the partners.

Muslim Futures intends to continue its focus on organisational efficiency of working methods, with a view to ensuring greater transparency and accountability to its supporters. A key part of this is the design and implementation of new financial management software that the Trustees are looking to introduce to the charity during 2026.

Structure, Governance and Management

The charity is currently an Unincorporated Association and is governed by its document of governance, entitled “Constitution”, drafted, and amended in accordance with guidance from the Charity Commission of England and Wales, dated as adopted on the 16th of October 2020, and as amended by resolution on 5[th] November 2022, replacing the previous document of governance dated 27th August 2010.

The Trustees who served during the year and up to the date of signature of the Financial Statements were:

Salma Haq Shahid Majid Ummar Yousaf

New Trustees are appointed by majority decision. Normally Trustees are people who already have an existing involvement with, and knowledge of the charity. Induction meetings for new Trustees are held prior to their first Board meeting. The Trustees meet at least two times each year. Other ad-hoc meetings and telephone conferences involving either the whole Board or selected members of The Trustees are also held as required. Office bearers are responsible for the day-to-day running of the charity and manage the staff and volunteers of the charity on behalf of the Trustees. The charity has the following office-bearers:

Chair of Trustees - Ummar Yousaf Secretary - Shahid Majid

The Trustee’s Report was approved by the Board of Trustees.

Ummar Yousaf Date 30th May 2026 Trustee

[6]

Charity Registration No. 1191868

Charity Name
Charity No.
Charity Name
Charity No.
Charity Name
Charity No.
Charity Name
Charity No.
Charity Name
Charity No.
Muslim Futures
1191868
Muslim Futures
1191868
Charity Accounts
For the Period from 1st August 2024 to 31st July 2025
Section A Income & Expenditure
A1
Income
Restricted
Fund
UnRestricted
Fund
Total Income
2024-2025
Total Income
2023-2024
~~0~~010 Zakat 83,262.57 83,262.57 81,086.13
~~0~~020 Sadaqah 15,868.38 15,868.38 26,856.11
~~0~~021 Zakat ul Fitr 1,211.48 1,211.48 962.37
~~0~~022 Fidyah 1,553.90 1,553.90 429.91
0023 Kafarrah -
-
~~0~~024 Udhiyyah 6,857.78 6,857.78 14,180.90
~~0~~025 Lillah 33,895.71 2,954.17 36,849.88 35,502.16
~~0~~026 Waqf -
-
~~0~~027 Aqiqah 129.00 129.00 150.00
~~0~~028 Sadaqah Jariyya 2,937.02 2,937.02 3,941.00
~~0~~029 Qarz Hasan -
-
~~0~~030 Other Income -
-
~~0~~031 Gift Aid 13,199.06 14,859.74 28,058.80 10,157.78
~~0~~032 Refunds / Credits / Rebates 5,247.27 570.22 5,817.49 10.98
~~0~~033 Grants / Compensation 12,380.21 12,380.21 26,409.82
0039 Riba 3,452.92 3,452.92 3,477.24
Sub-Total 167,615.09 30,764.34 198,379.43 203,164.40
A2
Assets & Investments
none -
-
-
-
Sub-Total **- **
**- **
**- **
-
TOTAL INCOME 167,615.09 30,764.34 198,379.43 203,164.40
A3
Expenditure
~~0~~040 Advertising and Promotion 19,512.51 19,512.51 8,968.63
~~0~~045 Printing and Stationary 381.25 381.25 63.00
~~0~~050 Postage and Delivery 23.67 23.67 251.02
~~0~~053 Processing Services 1,685.86 515.57 2,201.43 1,783.18
~~0~~054 Administration & Operations 6,433.44 6,433.44 4,113.48
~~0~~056 Professional Fees 309.83 309.83 35.00
~~0~~057 Staff and Volunteers 522.71 522.71 85.45
~~0~~060 Office Equipment and IT 14.99 14.99 521.98
~~0~~063 Rent and Rates 2,500.00 2,500.00 2,500.00
~~0~~066 Telecoms & Data Services 375.09 375.09 319.46
~~0~~070 Utilities 547.68 547.68 672.29
~~0~~080 Travel 92.02 92.02 1,982.50
~~0~~087 Motor Vehicle Expense 422.10 422.10 678.25
~~0~~090 Miscellaneous Expenses 203.12 203.12 371.93
Sub-Total 1,685.86 31,853.98 33,539.84 22,346.17
A4
Asset & Investments Purchases
none -
-
-
-
Sub-Total **- **
**- **
**- **
-
TOTAL EXPENDITURE 1,685.86 31,853.98 33,539.84 22,346.17
NET INCOME 165,929.23 - 1,089.64 164,839.59 180,818.23
A5
DONATIONS ALLOCATED
81,390.59 886.63 82,277.22 99,883.57
A6
Fund at Previous Year End
A7
Transfers
75,141.00 65,793.00 140,934.00 59,741.38
40,320.36 -40,579.13 - 258.77 -0.69
NET CASH HELD 200,000.00 23,237.60 223,237.60 46,171.60

[7]

Charity Registration No. 1191868

----- Start of picture text -----
Section B Statement of Assets & Liabilities
Bank Account Bank Account
XXXXXX63 XXXXXX62
B1 Cash Held Reference
Cash at Bank - Reserves Account 200,000.00
Cash at Bank - Main Account - 23,237.60
Total Cash Held 200,000.00 23,237.60
Balances check OK OK
B2 Other Monetary Assets Reference
- - -
- - -
- - -
B3 Investment Assets Fund to which asset Current value if
belongs Cost if known known Project / Reference
- -
- -
- -
B4 Assets Retained for Charity's Use Fund to which asset Current value if
belongs Cost if known known Project / Reference
See Asset Register Lillah 025 - 258.77 NBV of Tangible assets at 31.07.24
- -
- -
B5 Liabilities Fund to which Amount Due if When Due if
Liability relates known known Project / Reference
----- End of picture text -----

----- Start of picture text -----
Declaration
----- End of picture text -----

By my signature, I confirm that all the the information contained in this document is true and correct and accurate to the best of my belief and knowledge, and I hereby declare these Charity Accounts to be a true reflection of the financial and monetary position of Muslim Futures in the period stated.

----- Start of picture text -----
Signature
1. Signature Print Name Ummar Yousaf Date 30th May 2026
2. Signature Print Name Date
Signed by and on behalf of the Board of Trustees.
MUSLIM FUTURES
----- End of picture text -----

[8]