## **Annual Report** ## **Overview** Trustees: 1. Zahdah Majid 2. Omar Majid 3. 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: - Disbursement of a small amount of funds to a liberal arts college based in Cambridge - 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)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||Omar Majid|Omar Majid|1/31/2024| |||||