OpenCharities

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

2024-03-31-accounts

Independent Examiner’s Report to the Trustees of

MY Foundation

My Foundation (1198854) to officially replace Mohebban Al Mahdi Youth Foundation (1159865) as of 01/04/2025

I report on the accounts for the period 01st April 2023 to 31 March 2024 set out on page 1

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also the directors for the purpose of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that and independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

¾ To state whether particular matters have come to my attention.

Basis of the independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements

¾ to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and ¾ To prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of recommended Practice: Accounting and Reporting by Charities.

Have not been met; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Nijat Jafarli ACA Qualified Accountant, ICAEW Member The Exchange, 56 Dickenson Road Manchester M14 5ST

Trustees’ Annual Report for the period

From 01/04/2023 Period start date to 31/03/2024

Period end date

Charity name: MY Foundation

Charity registration number: 1198854

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 MY Foundation is a national charity,
committed and passionate about providing
access to the latest, high-quality services in
every community so that young people are
empowered and nurtured to build bright
prosperous futures, regardless of their
background or circumstances. MY
Foundation is a volunteer run organisation
which is managed and run by youth
volunteers. Our regular youth members
get together every Saturday and participate
in learning and sports activities.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 REGULAR EVENTS
Our usual annual events include the
following.
However, we regularly consider the need
and suitability of our events and introduce
other alternative options in contrast the
requirements of time and community.
· Annual commemorative & celebratory
events
· Annual lecture & eulogy series
· Weekly football league
· Weekly youth club
· Trips & activities
MYF Aspire: MYF Aspire projects were on
hold during this term.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The Trustees have fully understood the
guidance issued by the Charity commission
on public benefit and have ensured that the
objectives and actions undertaken by MY
Foundation are in line with this guidance.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
SORP reference
Policy on grant making Para 1.38 N/A
Policy on social investment
including program related
investment		 Para 1.38 N/A
Contribution made by
volunteers		 Para 1.38 N/A
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 In the period covering 2023-2024 MY
Foundation has continued its regular events.
We continue to bring in new volunteers which
make up most of our workforce totalling up to
90 individuals.
The trustees and the volunteer committee met
to decide which events to focus on based on
their impact across the community in a timely
manner to allow to logistical planning. As such
the events carried out within the period include:
1.MYF Celebratory & Commemorative
Lectures: MYF decided to continue its focus on
expanding our efforts over 3 core events which
include Muharram, Fatemiyah and Ramadan.
The events have a core knowledge component
delivered via lectures from esteemed scholars
and allow for the spiritual and religious
guidance of the community.
3.League313 Season 2: We commenced
season 2 of League 313. A well-received
weekly 5 a-side football league and tournament,
which now has over 150 people from the
community taking part
4.Hikes & trips: MYF took a hike to the Lake
District with 20 people form the community.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 N/A
Performance of fundraising
activities against objectives
set		 Para 1.41 N/A
Investment performance
against objectives		 Para 1.41 N/A
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 See Audited Financial reports/accounts
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 MY Foundation holds reserves in order to
facilitate its programs and refills its
reserves via fundraising during and after its
events.
Amount of reserves held Para 1.22 See Annual Accounts
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Principal source of income for MY
Foundation is through its monthly standing
orders and cash donations received during
events. These donations are received
directly into the bank account or via online
fundraising services.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the principal
risks facing the charity		 Para 1.46 The trustees do not foresee any principal
risk facing the charity and its operations in
this period.
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 MY Foundation Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointment by committee

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name MY Foundation
Other name the charity uses MYF
Registered charity number 1198854
Charity’s principal address MY Foundation, St Aidens Church
Parkfield rd South,
Didsbury,
Manchester
M20 6DA

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or
body) entitled to
appoint trustee (if
any)
Raza Naqvi
Muhammad
Dawood Jafree
Masoom Raza Treasurer
Mohammed
Musaddique Syed

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Muhammad Dawood Jafree


Trustee
07/01/2025
07/01/2025

Charity Name: Mohebban Al Mahdi Youth foundation No (if any) Receipts and payments accounts CC16a 01/04/2023 31/03/2024 For the period To from

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds to the nearest to the nearest £ to the nearest £ £

Total funds Last year to the nearest £ to the nearest £

A1 Receipts

A1 Receipts £ o e neares o e neares o e neares o e neares
Members donations - - - -
Other donations 117,185 117,185
Grants 3,750 - - 3,750 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 120,935 - - 120,935 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total
-		 - - - -

-

Total receipts 120,935 - - 120,935

A3 Payments

A3 Payments
Computer hardware and software 4,684 - - 4,684 -
Events and social activities 64,907 - - 64,907 -
Admin Expenses 16,339 - - 16,339 -
Finance expense 6,995 - - 6,995 -
Insurance expense 556 - - 556 -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 93,482 - - 93,482 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total
- - - - -
Total payments 93,482 - - 93,482 -
Net of receipts/(payments) 27,454 - - 27,454 -
A5 Transfers between funds - - - - **- **
A6 Cash funds last year end
126,338 -
- 126,338 -
Cash funds this year end 153,792 - - 153,792 -

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets		 Details
Cash at bank
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £
126,337
-
-
126,337
Agreement Error
Unrestricted
funds
to nearest £
-
-
-
-
-
-		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
- - -
- - -
- - -
- - -
- - -
- - -

B3 Investment assets

B4 Assets retained for the charity’s own use

B5 Liabilities

Details
Details
Details
Loan		 Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates
Unrestricted fund		 Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-		 Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Loan Unrestricted fund -
-

Signed by one or two trustees on behalf of all the trustees

- Date of Signature Print Name approval Mhashmi Masoom Hashmi 13/01/2025

Charity number

1198854

MY FOUNDATION

Report and Accounts

31 March 2024

MY FOUNDATION (1198854) TO OFFICIALLY REPLACE MOHEBBAN AL MAHDI YOUTH FOUNDATION (1159865) AS OF 01/04/2025

Statement of Financial Activities

For Year Ended 31 March 2024

Incoming resources
Members’ donations
Other donations
Grants
Gift Aid
Total incoming
resources
Resources expended
Computer hardware &
software
Event
Admin expenses
Finance expense
Insurance expense
Total resources
expended
Net incoming /
(outgoing)
resources for the year
Assets:
Cash at bank		 2024
2023
2022
£
£
£
-
-
117,185.29
46.124.55
44,000.00
3,750.00
4,000.00
10,533.00
120,935.29
46,124.55
58,532.00
4,683.83
2,844.02
586.00
64,907.25
38,329.29
23,556.00
16,339.15
6,995.15
4,178.77
8,371.63
2,275.00
593.00
556.21
93,481.59
53,723.71
27,010.00
27,453.70
7,599.16
31,522.00
153,791.54
126,337.84
133,937.00