Annual Report
Overview
Trustees:
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Zahdah Majid
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Omar Majid
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Othman Shoukat Majid
Charity number: 1194351
Charitable Objectives
The prevention or relief of poverty for the public benefit in the UK by providing items, services and grants to individuals in need and, or the provision of grants to educational institutions which are conducting research into poverty and supporting research into factors that contribute to poverty and the most appropriate ways to mitigate these.
The promotion of religious and racial harmony for the public benefit by: promoting knowledge and mutual understanding between different religious and racial groups ; advancing education and raising awareness about different religious and racial groups to promote good relations between persons of different religious and racial groups through grant funding research; and working towards the elimination of discrimination on the grounds of religious belief and race.
Introduction
The Charity was set up in May 2021 and therefore is only recently registered. As a new charity there has not been a lot of activity in our second year of operation, however we achieved the following:
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Disbursement of a small amount of funds to a liberal arts college based in Cambridge
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Maintenance of website
Risk Management
All appropriate policies are in place, including a Grant Making Policy, a Conflict of Interest Policy and safeguarding policies
Challenges going forward
2022/23 was a challenging macroeconomic environment. There was the war in Ukraine and Liz Truss’s disaster autumn budget, killed any green shoots of a post-covid economic recovery. Despite this we managed to raise more funds than the previous year.
Financial Overview
Costs
The primary cost was maintenance of our website.
Income
A small amount of income was raised from friends and family, all of whom are based in the UK.
Steps going forward
We will look to promote the website via various channels; friends and families of the trustees as well as using our website to find further donations.
We will seek to embed our relationship with existing charities. We have already identified some projects which we will want to fund – subject to them meeting our grant making policy requirements.
We are a small charity and we do face challenges. This includes growing the charity in a sustainable way. Another challenge is the general negative economic outlook in the UK which could hinder our fundraising efforts.
Our aim is to incrementally increase donations within our existing network.
Structure and Governance
There will be no changes in the foreseeable future. The charity is nascent and small. However, when this changes and activity increases, we have plans to increase the size of the organisation (in terms of volunteers).
The Lady Zahdah Foundation
1194351
Receipts and payments accounts
CC16a
For the period 4/1/2022 3/31/2023 To from
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Donation 479 10 339 2,000 - - 2,827 - - Sub total - Total receipts 2,827 A3 Payments Website Maintenance 336 CMC Donation 2,000 CMC Donation 1,000 - - - - - Sub total 3,336 - - Sub total - Total payments 3,336 Net of receipts/(payments) - 509 A5 Transfers between funds - A6 Cash funds last year end 1,008 Cash funds this year end 499 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 479 10 339 2,000 - - - - 2,827 - - - 2,827 336 2,000 1,000 - - - - - - 3,336 - - - 3,336 - 509 - 1,008 499 |
Last year to the nearest £ |
| - - - - - - - - - |
479 | |||
| 10 | - | |||
| 339 | - | |||
| 2,000 | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 2,827 | - | |||
| - - - |
- | |||
| - | - | |||
| - | - | |||
| - | 2,827 | - | ||
| - - - - - - - - - - |
336 | |||
| 2,000 | - | |||
| 1,000 | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 3,336 | - | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 3,336 | - | ||
| - | - - - - |
- 509 | - | |
| - | - | - | ||
| - | 1,008 | |||
| - | 499 | - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Cash in Bank Details Details Details Details Signature Omar Majid Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 499 - - - - - 499 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Omar Majid Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| Omar Majid | Omar Majid | 1/31/2024 | |