Registered Charity Number :- 1140185
SB FOUNDATION
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR END 30 June 2024
96 Dogsthorpe Road PETERBOROUGH
PETERBOROUGH
SB FOUNDATION
CONTENTS
FOR THE YEAR ENDED 30 June 2024
TRUSTEES' REPORT ..................................................................................................................... 3 RECEIPT AND PAYMENT ............................................................................................................... 9 STATEMENT OF ASSETS AND LIABILITIES .................................................................................. 11 NOTES TO THE FINANCIAL STATEMENTS ................................................................................... 12
2
SB FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 June 2024
SB Foundation - 1140185 SB Foundation Trustees ’ Annual Report
For the year ending 30/06/2024
1. Reference and Administrative Details
-
Charity Name: SB Foundation
-
Charity Registration Number: 1140185
-
Principal Address: Madina Tul
Islam 96 Dogsthorpe Road Peterborough PE1 3AQ
-
Trustees:
-
Mohammad Hadayat Ullah – Chair
-
Sajjad Ahmed – Treasurer
-
Uzma Noreen – Secretary
2. Structure, Governance and Management
SB Foundation operates as a charitable
trust governed by its founding constitution. Trustees are appointed through
mutual agreement and take responsibility for strategic planning, financial
oversight, and ensuring the charity ’ s objectives are met. Regular meetings are
held to discuss operations and accountability.
3. Objectives and Activities
Charitable Objectives:
3
SB FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 June 2024
- To provide charitable contributions across the world wherever needed, with
particular attention to Cambridgeshire.
-
To advance the faith and religious practices of Islam.
-
To promote education for the public benefit with regard to Islamic teachings.
-
To relieve poverty, sickness, distress, and suffering of individuals in need,
regardless of nationality, ethnicity, or religion.
Public Benefit Statement:
The trustees confirm that they have complied with the guidance on public benefit
issued by the Charity Commission and have kept this in mind when planning the
charity ’ s activities.
4. Achievements and Performance
SB Foundation continued to implement and
– expand its core projects in 2024 2025, impacting lives in both Pakistan and the
UK.
Key Projects in Pakistan:
- Shah-e-Jamaat Education Complex (SJEC): SB Foundation fully oversees this
school in Lalamusa, District Gujrat. The school offers free religious and
academic education, free accommodation, daily meals, and support for students
from disadvantaged backgrounds. SB Foundation covers monthly operational costs including staff salaries, food, clothing, medical needs, and building
4
SB FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 June 2024
maintenance.
-
10 students memorised the Qur ’ an
-
1 student completed a Master ’ s in
Islamic and Arabic Studies fully funded by the charity
- Food and Welfare Programs:
- Monthly Food Packs: Delivered to
deserving families in Pakistan
- Ramadhan Programmes: Distributed
cooked Suhoor and Iftar meals
- Zakat Distribution: Provided cash
support after careful assessment
- Qurbani Project: Over 1,000kg of meat
distributed during Eid al-Adha
- Marriage Support: Financial
assistance for 15 households to help with daughters ’ weddings
- Medical Support: Financial help for
families dealing with illness
5
SB FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 June 2024
- Eid Gifts: Provided to 50 low-income
families
- Gaza Relief Appeal:
- £ 10,000 raised and handed to Muslim
Hands UK for emergency food aid in Gaza
UK-Based Activities (Peterborough):
-
Jamia Madina tul Islam:
-
Over 50 children learned to read the
Qur ’ an
- 25 girls completed a diploma in basic
Arabic and Islamic Studies
5. Financial Review
-
Total Income: £ 30,776.69
-
Total Expenditure: £ 19,479.39
-
Gaza Relief Appeal Raised: £ 10,000
-
Reserves at Year End: £ 11,297.30
The charity remains financially stable, although increased living costs have
6
SB FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 June 2024
made fundraising more challenging. Nevertheless, our generous supporters
stepped forward, enabling our projects to continue without interruption.
6. Risk Management
Trustees have evaluated the main risks
facing the charity, including donor fatigue, inflation-related increases in
project costs, and safeguarding. The board ensures appropriate measures are in
place to manage these risks effectively.
7. Future Plans
In the upcoming year, SB Foundation aims
to:
-
Expand capacity at Shah-e-Jamaat Education Complex
-
Increase food pack distribution during Ramadhan
-
Strengthen its UK-based educational offerings for children and women
-
Enhance donor engagement through digital platforms
- Begin small-scale medical aid campaigns for vulnerable communities 8. Declaration
The trustees declare that they have
approved this report, and it complies with current charity reporting
requirements.
Signed on behalf of the trustees:
7
SB FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 June 2024
Mohammad Hadayat Ullah
Chair of Trustees
Date: 30/04/2025
Accountants
Sovereign Accountants
6 Blenheim Court,
Peppercorn Close
Peterborough
PE1 2DU
8
SB FOUNDATION
RECEIPT AND PAYMENT
FOR THE YEAR ENDED 30 June 2024
| Categories Receipts Donation and gifts Sub total(Gross income for AR) Total receipts Payments Advertising, marketing, direct mail and publicity Printing and stationery Bank charges Donations Accountants fees Sub total Total Payments Net of receipts/(pay ments) |
Unrestricte d funds Restricted funds Endowment funds Total funds Last year 30,776.69 - - 30,776.69 - 30,776.69 - - 30,776.69 - |
|---|---|
| 30,776.69 - - 30,776.69 - |
|
| 503.86 - - 503.86 - 559.32 - - 559.32 - 75.00 - - 75.00 - 17,981.21 - - 17,981.21 - 360.00 - - 360.00 - 19,479.39 - - 19,479.39 - |
|
| 19,479.39 - - 19,479.39 - |
|
| 11,297.30 - - 11,297.30 - |
9
SB FOUNDATION
RECEIPT AND PAYMENT
FOR THE YEAR ENDED 30 June 2024
Cash funds - - this year 11,297.30 11,297.30 end
10
SB FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 30 June 2024
| Categories | Details | Unrestricted funds |
Restricted income funds |
Endowment funds |
|
|---|---|---|---|---|---|
| Cash funds | |||||
| Barclay bank | 22,884.18 | - | - | ||
| Total Cash Funds | 22,884.18 | - | - | ||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||
| Liabilities | |||||
| Accountancy fees payable |
Unrestricted Funds |
360.00 |
The financial statements were approved by the Board on 30-Apr-2025 and signed on its behalf by:
Mohammed Hadayat Ullah Chair
11
SB FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2024
SB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 )” ( effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2 Income from Donations and Legacies
| Analysis Donation and gifts |
Unrestrict ed funds £ 30,776.69 30,776.69 |
Total funds 2024 £ 30,776.69 30,776.69 |
|---|---|---|
13
SB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024
3 Expenditure on Raising Funds
Total funds 2024
Analysis £ Advertising, marketing, direct mail 503.86 and publicity Support Costs 279.66 783.52
£
4 Expenditure on Charitable Activities
Total funds 2024 Analysis £ £ Bank charges 75.00 Donations 17,981.21 Support Costs 639.66 18,695.87 Support Costs Total funds 2024 Analysis £ £ Printing and 559.32 stationery Governance Costs Accountants fees 360.00 919.32 at bank and in hand Total funds 2024 £ £ Barclay bank 22,884.18 22,884.18
5 Support Costs
6 Cash at bank and in hand
7 Creditors : Amounts falling due within one year
Total funds 2024
£
£
Accountancy fees 360.00 payable 360.00
14
SB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024
8 Charity funds
8.1 Details of material funds held and movements during the CURRENT reporting period
| Fund | Fund | |||||
|---|---|---|---|---|---|---|
| Fund | balances brought |
Income | Expenditu re |
Transfers | Gains and losses |
balance carried |
| names | forward | forward | ||||
| £ | £ | £ | £ | £ | £ | |
| Unrestrict | ||||||
| ed funds | ||||||
| Zakat | - | 9,940.00 | 9,690.00 | - | - | 250.0 |
| Creditors | - | - | 360.00 | - | - | (360.0 |
| Unrestrict | ||||||
| ed General |
11,226.88 | - | - | - | - | 11,226.8 |
| Funds | ||||||
| 1 General Fund |
- | 16,924.69 | 4,561.21 | - | - | 12,363.4 |
| General Fund |
- | 97.00 | 2,723.18 | - | - | (2,626.1 |
| Qurbani | - | 885.00 | - | - | - | 885.0 |
| Orphan | ||||||
| Sponsors | - | 995.00 | 1,005.00 | - | - | (10.0 |
| hip | ||||||
| Hifz | ||||||
| Sponsors | - | 1,160.00 | 1,140.00 | - | - | 20.0 |
| hip | ||||||
| Water Well |
- | 775.00 | - | - | - | 775.0 |
| Total | 11,226.88 | 30,776.69 | 19,479.39 | - | - | 22,524.1 |
8.2 Transfers between funds This Year
15
SB FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2024
Amount £
Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds
16