Zakat Foundation™ is a leading charity organization based in the United Kingdom that provides aid and support to people in need across the world. The foundation's mission is to alleviate poverty and suffering by providing sustainable solutions to communities in need, regardless of their race, religion, or ethnicity.
One of the primary ways the Zakat Foundation™ measures its success is through the publication of annual reports. These reports provide a comprehensive overview of the foundation's activities, achievements, and financial statements. The annual reports are an essential tool for donors, supporters, and stakeholders to evaluate the foundation's impact and effectiveness.
The Zakat Foundation™'s annual reports are available on their website, and they provide a detailed analysis of the foundation's activities and achievements during the year. The reports also provide information on the foundation's governance, financial performance, and strategic plans for the future.
The reports outline the foundation's activities in various countries across the world, including Bangladesh, Pakistan, Yemen, Somalia, Syria, and many more. The foundation's projects range from emergency aid relief, water and sanitation programs, education, healthcare, and sustainable livelihoods initiatives.
One of the significant achievements highlighted in the annual reports is the foundation's emergency aid relief work. In 2020, the Zakat Foundation™ provided emergency aid relief to over 1.6 million people affected by natural disasters, conflicts, and pandemics. The foundation also provided food, shelter, and medical care to those in need.
In addition to emergency aid relief, the Zakat Foundation™ also invests in sustainable development projects. These projects aim to provide long-term solutions to poverty and suffering by empowering communities to become self-sufficient. For example, the foundation's water and sanitation projects provide communities with access to clean water and improved sanitation facilities, which helps prevent waterborne diseases and improve the overall health of the community.
The annual reports also provide detailed financial statements, which show how the foundation's funds are allocated and spent. The foundation's financial statements are audited annually by an independent auditor, which ensures transparency and accountability.
In 2020, the Zakat Foundation™'s income was £15.3 million, and its expenditures were £14.2 million. The foundation's main source of income is from donations, which accounted for 99% of its total income. The foundation's expenditure was mainly allocated to charitable activities, with 86% of the total expenditure going towards charitable programs.
The Zakat Foundation™'s annual reports also provide information on the foundation's governance structure and its policies and procedures. The foundation is governed by a board of trustees, who are responsible for setting the foundation's strategic direction and overseeing its activities. The foundation's policies and procedures ensure that the foundation operates in compliance with regulatory requirements and ethical standards.
In conclusion, the Zakat Foundation™'s annual reports are an essential tool for evaluating the foundation's impact and effectiveness. The reports provide a detailed analysis of the foundation's activities, achievements, and financial statements. They also demonstrate the foundation's commitment to transparency and accountability. The Zakat Foundation™'s work in providing emergency aid relief and investing in sustainable development projects has had a significant impact on the lives of people in need across the world. The foundation's annual reports provide evidence of its success and inspire confidence in its ability to continue making a positive difference in the world.
