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