THE COSARAF CHARITABLE FOUNDATION

Charity number: 1118481
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Foundation makes grants and donations to support projects in the UK and overseas, with a particular focus on Africa (especially East Africa) and South East Asia. Trustees' focus is on: - promoting strong and cohesive communities; - enabling young people to realise their potential; and, - empowering women and girls

Income and expenditure

Data for financial year ending 05 April 2024

Total income:
£2,242,083

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Donations and legacies £2.24m
Charitable activities £0
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£1,437,518

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Raising funds £0
Charitable activities £1.44m
Other £0

-£229,653 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £1.44m
Retained for future use £804.57k

People

1 Employee(s)

10 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Overseas Aid/famine Relief
  • Religious Activities
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England
  • Bangladesh
  • India
  • Kenya
  • Pakistan
  • Zimbabwe

Governance

Registration history:
  • 22 March 2007: Standard registration
Organisation type:
Trust
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Hamza Rashid Sheikh Trustee 10 March 2022
None on record
Ali Rashid Sheikh Trustee 10 March 2022
None on record
Yusuf Rashid Sheikh Trustee 16 September 2019
None on record
RUKHSANA SHEIKH Trustee 08 May 2018
None on record
NAUREEN SHEIKH Trustee 09 February 2015
None on record
AKBAR RASHID SHEIKH Trustee 13 July 2012
None on record
FAROUQ RASHID SHEIKH OBE Trustee
CARETECH CHARITABLE FOUNDATION
Received: On time
HAROON RASHID SHEIKH Trustee
CARETECH CHARITABLE FOUNDATION
Received: On time
SABA NAZ SHEIKH Trustee
None on record
SEEMA JABEEN SHEIKH Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 05/04/2020 05/04/2021 05/04/2022 05/04/2023 05/04/2024
Total gross income £1.17m £950.32k £891.41k £1.93m £2.24m
Total expenditure £1.06m £1.04m £1.18m £2.45m £1.44m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £1.17m £950.32k £891.41k £1.93m £2.24m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.06m £1.04m £1.18m £2.45m £1.44m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £32.30k £23.88k £23.93k £14.09k £46.99k
Expenditure - Grants institution £940.09k £923.21k £1.06m £2.21m £1.09m
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 05/04/2020 05/04/2021 05/04/2022 05/04/2023 05/04/2024
Own use assets £0 £0 £0 £0 £0
Long-term investments £1.39m £1.59m £1.73m £1.77m £1.54m
Other assets £959.74k £858.16k £546.40k £34.91k £827.54k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £81.81k £72.95k £50.40k £59.04k £47.10k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 05 April 2024 28 January 2025 On Time
Accounts and TAR 05 April 2024 28 January 2025 On Time Download Open in new window
Annual return 05 April 2023 15 January 2024 On Time
Accounts and TAR 05 April 2023 15 January 2024 On Time Download Open in new window
Annual return 05 April 2022 04 January 2023 On Time
Accounts and TAR 05 April 2022 04 January 2023 On Time Download Open in new window
Annual return 05 April 2021 16 November 2021 On Time
Accounts and TAR 05 April 2021 16 November 2021 On Time Download Open in new window
Annual return 05 April 2020 27 January 2021 On Time
Accounts and TAR 05 April 2020 27 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 31 JANUARY 2007.

Charitable objects

1) TO ADVANCE THE EDUCATION OF THE PUBLIC; 2) THE ADVANCEMENT OF THE MUSLIM RELIGION IN ACCORDANCE WITH THE TENETS AND DOCTRINES OF ISLAM THROUGH THE HOLDING OF PRAYER MEETINGS, LECTURES, PUBLIC CELEBRATION OF RELIGIOUS FESTIVALS, PRODUCING AND/OR DISTRIBUTING LITERATURE ON ISLAM TO ENLIGHTEN OTHERS ABOUT THE ISLAMIC FAITH; 3) THE RELIEF OF FINANCIAL NEED AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTER IN THE FORM OF MONEY OR OTHER MEANS DEEMED SUITABLE FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED INCLUDING THE PROVISION OF MEDICAL AID; 4) THE RELIEF AND ASSISTANCE OF PEOPLE IN ANY PART OF THE WORLD WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE OR CATASTROPHE IN PARTICULAR BY THE SUPPLY OF MEDICAL AID TO SUCH PERSONS; 5) TO RELIEVE FINANCIAL HARDSHIP, SICKNESS AND POOR HEALTH AMONGST ELDERLY PEOPLE; 6) THE RELIEF OF FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR GOODS, SERVICES OF FACILITIES THE RELIEF OF THE SICK AND THE POOR; 7) TO ASSIST IN THE TREATMENT AND CARE OF PERSONS SUFFERING FROM MENTAL OR PHYSICAL ILLNESS OF ANY DESCRIPTION OR IN NEED OF REHABILITATION AS A RESULT OF SUCH ILLNESS, BY THE PROVISION OF FACILITIES FOR WORK AND RECREATION; 8) SUCH OTHER CHARITABLE OBJECTS OR PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED IN PRACTICE NATIONAL

Contact information

Address:
Metropolitan House
3 Darkes Lane
Potters Bar
Hertfordshire
EN6 1AG
Phone:
0300 111 7890
Email:
info@cosaraf.org
Website:

http://www.cosaraf.org Open in new window