2023-12-31-accounts

SABA RELIEF & DEVELOPMENT FOUNDATION LIMITED

Company Limited by Guarantee

Trustees’ report and financial statements for the year ended 31st December 2023

saba relief Yemen, Humanity and Hope

Registration number 07923498 Charity number 1150360

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Our vision is to be the catalyst for change in Yemen

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Contents

Contents
A message from the chairman	4
About us	5
Trustee's report	8
Our thematic focus areas of work	16
Other projects	32
Financial review	35
Structure, governance & management	38
Statement of trustees' responsibilities	42
Auditors' report	44
Financial statements	50
Notes to the financial statements	54

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A message from the Chairman

Peace be unto - all of you

Dear Friends and Supporters,

As the Chairman of Saba Relief, I extend my deepest gratitude for your unwavering support and generosity. This year, Yemen continues to face immense challenges, with millions in dire need of humanitarian assistance. The ongoing conflict, economic instability, and widespread displacement have created a humanitarian crisis of unprecedented scale. Despite these difficulties, we have made significant strides in providing vital aid to countless individuals and families.

Thanks to our dedicated staff and volunteers, we have been able to deliver essential support such as food, water, medical aid, and orphan sponsorships. Our food distribution programmes have ensured that thousands of families do not go to bed hungry, while our clean water initiatives have brought safe drinking water to communities plagued by scarcity. Additionally, our medical aid efforts have provided critical healthcare services, helping to prevent disease outbreaks and support those with urgent health needs.

One of our most impactful initiatives has been our orphan sponsorship programme. By providing education, healthcare, and emotional support to orphaned children, we are investing in the future of Yemen. These children, who have experienced unimaginable loss, now have a chance to build a brighter future, thanks to your support.

Our efforts go beyond immediate relief. We are also focused on sustainable development projects that aim to rebuild and stabilise communities for the long term. This includes educational programmes, vocational training, and initiatives to support local economies. By empowering individuals with the skills and resources they need to thrive, we are fostering resilience and self-sufficiency in the communities we serve.

Our accomplishments are a testament to the incredible resilience and compassion of our team and supporters. Your contributions have been the cornerstone of our success, enabling us to save lives and make a meaningful impact. Every donation, every volunteer hour, and every word of encouragement has fueled our mission and brought us closer to our goals.

As we look ahead, we remain committed to our mission. The road to recovery is long, but with your continued support, we are confident that we can overcome the challenges ahead. Together, we can continue to inspire hope, rebuild lives, and create a future where every individual has the opportunity to thrive.

With heartfelt appreciation,

Anis Ali

Chairman, Saba Relief

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About Us

About Us

Saba Relief & Development Foundation is the U.K.’s first registered charity that is exclusively focused on raising funds to support the needy in Yemen. With Yemen being one of the driest, poorest, and least developed countries in the world, we are doing everything we can to make a positive difference. Our sole goal is to alleviate the poverty and suffering faced by populations in Yemen.

The charity was established in 2012 after the realisation that Yemen was heading towards a crisis. Once Saba Relief was established, our representatives travelled to Yemen to witness first-hand the humanitarian catastrophe and began to identify the projects and campaigns we could support and implement.

Yemen, after enduring over a decade of conflict, has tragically evolved into one of the most severe humanitarian crises worldwide. According to the latest statistics from the United Nations, over half of Yemen's population requires humanitarian assistance and protection services. Currently, 18.2 million people are in need of aid, with 17.6 million facing food and nutrition insecurity. The malnutrition rate remains alarmingly high, with nearly half of all children under five suffering from moderate to severe stunting. Additionally, 4.5 million people remain displaced, many having experienced multiple displacements over several years (The United Nations in Yemen).

The impact on civilians has been particularly devastating, with countless homes damaged or destroyed. As conditions continue to deteriorate, innocent civilians bear the brunt of the violence. When the conflict first erupted, many people were forced to flee with nothing more than the clothes on their backs. Today, they find themselves living in tents, damp and unfurnished buildings, or makeshift self-built shelters. These vulnerable individuals lack adequate access to essential provisions such as food, warm clothing, heating, and electricity.

Recent developments in Yemen have exacerbated an already dire situation, with the country teetering on the brink of famine and millions of people suffering from malnutrition. According to the United Nations Yemen Humanitarian Response Plan for 2024, a child dies every ten minutes due to malnutrition and preventable diseases, highlighting the urgent need for intervention. Yemen is currently experiencing one of the world's largest humanitarian crises, with approximately 24 million Yemenis, over half of the population, in need of humanitarian assistance (The United Nations in Yemen).

At Saba Relief, we acknowledge the lack of media coverage that adequately highlights the plight of Yemen and its people. This dearth of attention has significantly impacted our ability to raise funds and gather support. Nevertheless, we remain steadfast in our commitment to alleviating the suffering in Yemen. Our unwavering focus on this crisis serves as one of our guiding principles, driving us to work tirelessly towards a better future for the people of Yemen.

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Legal and Administrative Information

Charity Name: Saba Relief & Development Foundation Limited Charity Number: 1150360 Charity Registration Date: 07/01/2013 Company Number: 07923498 Company Registration Date: 25/01/2012

Address and Registered Office

Unit 3 29 Henley Street Birmingham West Midlands United Kingdom B11 1JB

Trustees Board

Mr Anis Ali (Chairman) Mr Mohammed Hasham (Secretary) Mr Musaid Musaleh (Trustee) Asma Iftikhar (Trustee)

Bankers

Llyods Bank PLC 25 Gresham St, London EC2V 7HN

Unity Trust Bank PO Box 7193, Planetary Road, Willenhall, WV1 9DG

Auditors

Meer & Co Chartered Accountants No 1 Cochrane House Admirals Way Canary Wharf London E14 9UD

Website

www.meer-co.com

Accountants

Website

www.Sabarelief.org

Keytax Ltd 220-222 Warwick Road Birmingham B11 2NB

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Trustees Report for the Year ended 31st December 2023

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Trustees Report for the year ended 31st December 2023

The trustees are pleased to present their annual directors' report for the charity for the year ended 31st December 2023. This report has been prepared to meet the requirements of the Companies Act.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Statement of Recommended Practice for charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK - FRS 102).

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Report of Trustees for the year ended 31st December 2023

OUR GUIDING PRINCIPLES

01[FOCUS]

We recognise that the plight of the Yemeni people is underrepresented in the media, while the challenges and calamities they face are ever-increasing. The Board. Of Trustees for Saba Relief is made up from the local community – including members from the British Yemeni community which, helps in highlighting the situation in Yemen.

Saba's management and most of the team are Yemeni and have strong ties to the country, which we believe can be used to highlight the company's plight.

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02 HUMANITY

Our aim is to implement projects that deliver tangible relief and assistance to those in need. Through Saba's own efforts and those of our partners, we endeavour to positively impact the lives of as many Yemenis as possible. Our response work is currently modest and limited. However, we are striving to reach a broader cross-section of the most affected in Yemen. We will continue to enhance our regional response efforts to reach more vulnerable people across Yemen.

03 NEUTRALITY

Saba Relief in no way serves the interests of any political or religious group directly or knowingly. We aim to provide assistance to all Yemenis regardless of their religious or political affiliations, as well as their ethnic or geographical backgrounds. Whether an individual is a citizen, a refugee, or does not have recognised status, our goal is to assist them impartially and without prejudice.

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Report of Trustees for the year ended 31st December 2023

OBJECTIVE AND ACTIVITIES

As part of Saba's mission, we strive to alleviate the suffering of vulnerable people in Yemen and positively impact the lives of those severely affected by poverty and conflict. Our aim is to help prevent loss of life due to hunger and disease. Our vision is to highlight the plight of vulnerable and needy people in Yemen and provide them with compassionate and essential support. To enhance Saba Relief's capacity and capability, we intend to expand our ability to provide lifesaving aid such as food, water, medical care, clothing, education, and sustainable projects. When formulating objectives for the year, we have regard to the Charity Commission public benefit guidance. Our goal is to have a significant impact on Yemeni society and improve the lives of those affected by conflict and natural disasters. Through the implementation of these objectives, we reflect the purpose and mission of the charity, which is to provide tangible relief and assistance to those in need in Yemen. The trustees regularly review and assess our objectives to ensure they align with our mission and goals.

The volunteers have actively engaged with the community, raising awareness about Saba Relief's mission and initiatives. Through local events, participation in community fairs, and collaborations with other organisations, they have forged strong relationships and expanded the charity's outreach.

The trustees are deeply grateful to the hundreds of volunteers who support the charity by fundraising on our behalf, especially those who provide regular support. Their commitment and selfless contributions are the backbone of our organisation. Thanks to the volunteers' hard work and dedication, Saba Relief has experienced a notable increase in donations. Their persuasive communication, personal outreach, and creative fundraising ideas have inspired individuals and businesses to contribute generously to our cause.

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OUR VISION

To be the catalyst in Yemen and to improve the living conditions of the people. As much as humanly possible, we strive to aid and support as many people as possible. Saba Relief has taken on this responsibility to serve people in Yemen. In the short term we will respond to crises and natural disasters, but in the long run we will eradicate poverty and the hardships of frontier life.

OUR VALUES

Having compassion, we believe that every life deserves the opportunity to continue its livelihood life by meeting the essential needs while being protected and well. In Yemen, we are passionate about alleviating hardship and eradicating poverty problems. Through our actions, we are helping to alleviate the hardships of those who are suffering. Due to our excellence in providing supportive aid to our beneficiaries, we are rated as excellent in our actions. To support all life in need, we provide the most essential aid impartially and equally. Transparency and accounting are in good harmony, as we value being open and honest about our work within our organization, as well as exploring challenges we may face and sharing our successes with others.

OUR MISSION

To serve our communities and individuals throughout Yemen in order to improve their living conditions by becoming productive and selfsufficient, which will allow them to flourish.

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Achievements and Performance

As a result of the humanitarian efforts of Saba Relief charity, numerous essential services have been provided to vulnerable Yemeni citizens. Throughout 2023, our impactful initiatives expanded significantly, ensuring ongoing financial support to sustain our future services.

Amid Yemen's enduring humanitarian crisis, Saba Relief has continued to implement substantial programmes across the country's most vulnerable regions. Over half of Yemen's population urgently requires humanitarian aid due to prolonged conflict and crises such as famine and disease outbreaks like cholera. In response, we have reached over 5.2 million children with life-saving supplies, including therapeutic food, clean water, and healthcare provisions.

Our projects are meticulously designed to meet Yemeni citizens' diverse needs, whether through water, food, medical supplies, clothing, or ongoing support for education and housing. In the face of this devastating crisis, Saba Relief remains steadfast in its mission to enable Yemenis to survive and live with dignity.

The majority of our programmes from the previous year have continued and expanded, with a sharp focus on Aden and Taiz, where millions of internally displaced Yemenis seek refuge from conflict elsewhere in the country. Our efforts aim not only to provide immediate relief but also to empower Yemenis to rebuild their lives and secure a better future.

Yemen's ongoing conflict has led to severe food insecurity, with an estimated 20 million Yemenis suffering from food shortages and malnutrition. Approximately 400,000 Yemeni children are at risk of acute malnutrition-related death, while healthcare access remains critically low with only 50% of facilities fully functional, leaving 20.7 million people without adequate healthcare services. The education system has also been severely disrupted, affecting 2.4 million out-of-school children and jeopardising the education of 3.7 million more due to the crisis.

The conflict has displaced 4.5 million people within Yemen, intensifying the demand for shelter, protection, and essential services. Yemen's economy has been severely impacted, resulting in widespread poverty and high unemployment rates, while 16.2 million people lack access to safe water and sanitation facilities. These stark realities underscore the urgent need for sustained humanitarian action to alleviate the Yemeni population's multifaceted suffering.

The ongoing conflict has exacerbated severe malnutrition rates, with projections indicating that by 2023, nearly 2.3 million Yemeni children under five will suffer from acute malnutrition. Yemen, once among the world's poorest nations, now faces unparalleled devastation and humanitarian crisis, with millions suffering from starvation amidst a collapsed healthcare system.

While our aid efforts have reached more Yemenis than ever before, the scale of need exceeds our current resources. It is imperative that we continue to provide life-saving supplies to those most in need, even as we strive to expand our humanitarian activities.

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FOOD 28,665 Families were fed

WATER 21,388 Families benefited from water project

ZAKAT £101,376 was raised and allocated amongst families

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Our thematic focus areas of work

WHAT WE DO IN YEMEN

Throughout the years, we have made a significant impact on Yemeni society, reaching out to a number of cities in need. We implemented numerous projects that served Yemen's most vulnerable people by addressing the root causes of poverty and empowering communities.

HADRAMAWT

AL JAWF

AL MAHRA

HAJJAH

SANAA

SHABWAH

AL HUDAYDAH

AL BAYDA

IBB

ABYAN

TA’IZZ

ADEN

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Our thematic focus areas of work

Campaigns and Project Planning

Our team of passionate individuals assesses the Yemen situation. With the assistance of our team on the ground, we develop innovative ways to assist Yemeni people in need. Yemeni people face many issues on a daily basis, and it is our responsibility to determine where assistance is most needed, as well as what campaigns will be most effective.

Fundraise

To raise funds for our Yemeni projects, our fundraising team devises ground-breaking methods.

The fundraising activities of a charity include events, general collections, partnerships, project donations, and similar activities. It is with great gratitude that the Board of Trustees acknowledges the gifts and legacies from patrons and supporters that are uninvited.

OUR PROJECTS IN YEMEN

• Water Distribution

• Food Parcel Distribution projects

• • Orphan Sponsorship projects

• Healthcare projects

• Education projects

• Winter Appeal projects

• Qurbani & Eid Gifts Distraction

• Homeless Care projects

Implement

Our team in Yemen implements the projects once we have raised funds for them.

• Zakat Distribution

• Well projects

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Our thematic focus areas of work

WATER

Access to clean water remains a critical challenge in Yemen, with only about one-third of the population having reliable access to a piped water network. This severe shortage forces millions, including women and children, to travel long distances daily to find water. The ongoing conflict, coupled with natural disasters and lack of rainfall, has exacerbated the situation, leading to widespread drought and unsafe water conditions. Over 16 million people, including 8.47 million children, urgently need water, sanitation, and hygiene (WASH) assistance due to these compounded crises.

Saba Relief, an organisation dedicated to alleviating this crisis, has been working to provide clean drinking water to impoverished families in Yemen. Their initiatives include drilling manual wells, installing solar pumping systems, and distributing large water tanks to households in need. These efforts are vital for reducing diseases related to poor water quality and ensuring equitable access to water. In 2023, for instance, Saba Relief implemented several water well projects, including drilling 17 manual wells and distributing 3000-litre water tanks to various locations across Yemen.

By addressing the urgent need for clean water, Saba Relief's work contributes significantly to mitigating the health risks associated with water scarcity, such as malnutrition and diseases associated with poor water quality, which are rampant due to the current state of Yemen's water infrastructure.

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HOT MEALS DISTRIBUTION YEMEN /,

Our thematic focus areas of work

FOOD

Yemen is grappling with an acute food crisis, with millions of people experiencing severe food insecurity. The situation, which has worsened due to prolonged conflict, climate change, and economic instability, affects 17.6 million people who face acute food insecurity. This crisis is especially severe for children under five, with nearly half experiencing stunted growth due to malnutrition, significantly raising mortality rates (UN News).

To address this crisis, Saba Relief distributed 9,472 food parcels to internally displaced persons (IDPs) and vulnerable households in 2023. They also provided bread loaves as part of their assistance. Recognising the critical importance of food security for survival, Saba Relief is dedicated to expanding its outreach to assist more people in need.

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Our thematic focus areas of work

ORPHAN

SPONSORSHIP

At Saba Relief, we are committed to transforming the lives of vulnerable children through sponsorship. Our aim is to provide these children with the chance for a better life and inspire hope for a brighter future. We focus on those enduring severe hardships, often due to their challenging backgrounds. The plight of these children is deeply moving, as they are especially exposed to the harsh realities of poverty and conflict. Their struggles are profound, and they face obstacles that would be daunting even for adults, making them exceptionally vulnerable.

The ongoing conflict in Yemen has led to immense civilian suffering and left many children without parents. With your generous support, Saba Relief is devoted to delivering essential care and financial aid to as many of these children as possible, offering them a lifeline during their most difficult times.

What makes our orphan sponsorship special?

• Comprehensive Care: Sponsored orphans receive long-term support, including food, clothing, and medical treatment.

• Detailed Package: Sponsors receive a photo and information about the child upon starting their sponsorship.

• Progress Reports: After one year, sponsors get an update with photos and a personal letter from the child.

• Communication : Regular updates and correspondence can be arranged upon the sponsor's request.

• Special Gifts: Children receive Eid gifts and new clothes, funded by the sponsor’s donation.

Our programme has supported over a thousand orphans in Yemen, providing essential care and improving their quality of life during challenging times.

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IE,CAL AID )STPI8UTI o

Our thematic focus areas of work

HEALTHCARE

Saba Relief delivers critical healthcare support through various means, including providing medical aid kits for home use, covering medical expenses, supplying medications and vaccines, and conducting outreach in underserved areas.

The conflict in Yemen has severely disrupted the healthcare system, with two-thirds of the population unable to access services and only half of the healthcare facilities still operational. The destruction of infrastructure, coupled with economic and fuel crises, has left many Yemenis struggling to afford basic needs and medicines. The country is also facing outbreaks of life-threatening diseases like cholera.

Our healthcare kits are essential in these challenging conditions, offering vital support to those who need it most. Saba Relief's assistance helps patients obtain treatments they otherwise could not afford. Continued support is crucial to provide necessary medications and expand our reach to more individuals in need.

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sabarelief Ywnen* Hunianity and Hope

Our thematic focus areas of work

EDUCATION

Saba Relief is committed to overcoming the educational barriers faced by millions of children in Yemen, many of whom are either out of school or at risk of dropping out due to poverty and limited access. Recognising that education is crucial for personal development and escaping poverty, we have launched the school kits and uniforms project to support these children.

Through this initiative, we provide orphans and children from disadvantaged backgrounds with essential school supplies, ensuring they have what they need to succeed in their studies. We have also employed teachers, provided uniforms, and sponsored the education of over 270 children.

Our support extends beyond basic supplies. We offer comprehensive school bags, assist students with special needs, support outstanding students facing financial challenges, and help families manage education-related expenses.

The success of our programme across various cities has been acknowledged by education officials, who have praised our efforts for making a significant positive impact on the educational opportunities and lives of many students.

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4/. OSPI IOSPACE QURBANI DISTRIBUTION •ab•rellel SWMF(rf I wwrYio.1150 IOV THISNTZIM

Our thematic focus areas of work

QURBANI

As Eid Al-Adha approaches, Saba Relief is dedicated to ensuring that the tradition of animal sacrifice benefits those in dire need. Our Qurbani project focuses on providing fresh meat to families who struggle with basic necessities, ensuring they can partake in the festival's joy and uphold the Adhiya ritual.

In 2023, Saba Relief successfully carried out Qurbani donations in Yemen, adhering to Islamic principles. We provided meat from 3,000 sheep to over 6,000 internally displaced persons, orphans, and other vulnerable groups severely impacted by the ongoing food crisis and conflict. This initiative brought significant relief and festive cheer during Eid Al-Adha.

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sabarelief

Our thematic focus areas of work

ZAKAT DISTRIBUTION

Fulfil this great pillar of Islam. Help those in need in Yemen

Zakat is a crucial pillar of Islam. It is major teaching that raises awareness about the importance of helping those who are most vulnerable. It is the manifestation of ultimate selflessness, generosity, and social reform. It is a process that cleanses the heart from greed and misery. Zakat is not simply a charitable act; it is a duty whereby every Muslim is required to give a portion of their yearly earnings to the poor.

Zakat donations made by members of communities in the UK are contributed throughout the year, with the funds being allocated to poor and needy beneficiaries. These donations are intended to alleviate hardship and suffering, providing essential support to those in need. By distributing Zakat responsibly, the organisation ensures that these contributions make a meaningful impact on the lives of the most vulnerable.

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Other Projects

Other projects

RAMADAN

In Yemen, the challenges faced during Ramadan are dire, with families grappling with famine and severe shortages of necessities. Saba Relief is dedicated to providing essential food, water, and healthcare to over 1,000 families throughout the holy month.

WINTER PROJECT

In Yemen, the severe winter conditions exacerbate the plight of vulnerable families and children who are already struggling with inadequate shelter, clothing, and food. These challenges are intensified by ongoing conflict and poverty. To address these urgent needs, Saba Relief launched a winter project aimed at providing essential items such as coats, blankets, and mattresses.

This initiative focused on aiding displaced individuals and those living in exposed areas without proper shelter. We distributed vital supplies, including warm clothing for children and winter blankets, to help them cope with the extreme cold. Our efforts have made a notable difference, with many beneficiaries expressing their gratitude. We specifically targeted orphans in the coldest regions, supplying them with 500 sets of winter essentials to ensure their well-being.

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Other projects

WATER WELLS

Our mission focuses on combating water scarcity in Yemen with sustainable solutions, but the ongoing conflict has significantly hampered our progress. The war has destroyed wells and disrupted water supplies, leaving many residents without access to clean drinking water. In response, our team is working to repair and restore damaged wells. Despite the challenges, we are committed to improving water access and continuing our efforts to provide lasting solutions for Yemen’s water crisis.

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Financial Review

Financial review

Income

During the period of 2023 Saba Relief charity has raised £3.1m by 31st December 2023. There has been decrease compared to the prior year (2023: £5.5m). Disasters have impacted charitable donations, Last year's focus was on the earthquake in Turkey, which resulted in lower collections for Yemen. We are extremely grateful to our donors and partners for helping us achieve this amount and also for having confidence in our ability to deliver for the beneficiaries.

The financial statements are for the 12 month period from 1st January 2023 to 31st December 2023. The main source of the funding for specific programmes continues to be the funds provided by the general public and by our partners and organisation.

Fund Source Amount

General Public & Partners £3.1M

Cost of generating funds

The charity’s fundraising costs during the year were £269K (2022: £159K). This cost comprises marketing and media to raise funds for the charity.

Charity expenditure

During the year the Saba Relief charity has spent £2.3M (2022: £5.3M) to help a large number of its beneficiaries that we support in Yemen, from those charitable activities and raising funds that we have operated.

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Financial review

Restricted Funds

These funds are fenced off and are to be spent in accordance to a particular purpose such as a particular public appeal or an agreement with the respective donor.

Reserves policy and going concern

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The Charity’s reserves policy requires that general reserves are reviewed on at least an annual basis to ensure they are at an appropriate level to fund Governance and Fundraising costs for at least six months. The trust had no restricted reserves at the end of the period. The amount of the total funds the charity held at the end of the reporting period on 31/12/2023 was £1.18M (2022: £1.31M). There were £0 [2022:£0] restricted funds at the end of the period

Future Plans

Subject to satisfactory funding arrangements, the charity intends to continue its charitable activities outlined above in the coming years. Our charity has grown rapidly, and we are consolidating the infrastructure to ensure sustainability for the future in order to achieve its goals and objectives. We acknowledge that financial growth must be accompanied by the ability and capacity to assist the beneficiaries. It is essential for the charity to be able to respond quickly to emergencies should the need arise, so that aid and assistance can be provided where it is most needed in Yemen. In addition, we will continue to closely monitor the progress of the various projects, analyze their challenges, and make improvements where necessary.

Risk Management

The board of Trustees reviews risk on a regular basis as well as when issues arise, and during the year adopted a new risk management framework to facilitate better risk management. As a responsible Board of Trustees, we take our responsibilities towards our staff, our donors, and our beneficiaries very seriously. Identifying and managing potential risks that might compromise our staff, our resources, or our ability to deliver our programs is an important aspect of fulfilling these responsibilities. A review of areas of potential risk by the Board of Trustees has led to the conclusion that there are sufficient controls in place throughout the organisation.

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Structure, governance & Management

Structure, Governance & Management

Saba Relief & Development Foundation is a company limited by guarantee (07923498) governed by its Memorandum and Articles of Association dated 25 January 2012 and it is a UK registered charity (1150360) with the Charity Commission. It is a Charitable Incorporated Organisation whose Foundation was registered with the Charity Commission on 07 January 2013. The charity is operated under the rules of its Trust Deed. The responsibility for the strategic management of the charity rests solely with the Trustees, who are selected and co-opted under the terms of the Trust Deed.

The Board of Trustees takes responsibility for general management and control of the charity and to ensure that it operates within the guidelines dictated by the Charity Commission and its own governing documents. Through the Senior Leadership Team, the board sets out priorities and objectives and also reviews performance on a regular basis by evaluating the performance and the progression of the organisation.

A board of trustees meets regularly to discuss and review the operations of the charity. At these meetings, they also make appropriate decisions regarding the operation of the charity and its activities. As part of their responsibilities, they approve the annual budget as well as the viability of the projects that have been implemented or are in the process of being implemented, as well as to ensure that we comply with regulatory requirements. A board of trustees administers the charity and meets on a monthly basis.

Regular meetings with senior staff can also provide advice and information to the Board of Trustees. Whenever necessary, seek independent professional advice that will enhance their ability to fulfil their role. Also attend training in established, new or emerging areas of responsibility.

Saba Relief's volunteers play an important role in the success and achievements of the charity. During the year 2023, our trustees, special advisers, and high profile supporters contributed many hours of their time. All of our volunteers are managed directly by us. In support of our call center, fundraising activities, and various challenges, the volunteers contributed a significant number of hours.

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Structure, Governance & Management

Appointment of Trustees

As set out in the Articles of Association the charity may by ordinary resolution appoint a person who is willing to act as director and determine the rotation in which any additional directors are to retire.

Trustee induction and training

New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Risk Management

The trustees have a risk management strategy which comprises:

• An annual review of the principal risks and uncertainties that the charity face;

• The establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and

• The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place and regular awareness training for staff working in these operational areas.

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Structure, Governance & Management

Responsible Fundraising

The Charity is committed to complying with the regulatory standards for fundraising, and to ensuring that our fundraising is delivered in a manner consistent with our values.

We are registered with the Fundraising Regulator and are committed to the Fundraising Promise and adherence to the Code of Fundraising Practice.

We also take great care to ensure our fundraising complies with UK data protection legislation.

Our public fundraising work includes:

• soliciting single and regular gifts through a variety of channels

• event fundraising

• working with donor partners

We received no complaints related to our marketing in 2023, compared to no complaints in the previous year.

Complaints are reported to Anis Ali (Chairman), the Trustee so he can consider lessons learned. We report to the Fundraising Regulator on the totality of our complaints.

All fundraisers (both staff and third party) receive regular training in our processes for protecting the vulnerable.

Our trustees follow up all cases of suspected vulnerability, and donations are returned where appropriate. In 2023, we investigated no such cases.

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Statement of Trustees, Responsibilities

Statement of trustees' responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that year.

In preparing these financial statements, the trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Make judgements and estimates that are reasonable and prudent;

• Observe the methods and principles in the Charity SORP;

• State whether applicable UK Accounting Standards have been followed, subject to any material

• departures disclosed and explained in the financial statements;

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

• There is no relevant audit information (information needed by the charity's auditors in connection with preparing their report) of which the charity's auditors are unaware, and

• The Trustees have taken all the steps that they ought to have taken to make themselves aware of any

• relevant audit information and to establish that the charity's auditors are aware of that information

Auditors

Meer and Co are deemed to be reappointed in accordance with an elective resolution made under Section 386 (1) of the Companies Act 1985 which continues in force under the Companies Act 2006. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and SORP: Accounting and Reporting of Charities.

This report was approved by the Board on 14/10/2024 and signed on its behalf by

Anis Ali

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Independent Auditors Report to the members of Saba Relief & Development Foundation Limited

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Independent Auditors' Report to the members of Saba Relief & Development Foundation Limited

Opinion

We have audited the financial statements of SABA RELIEF & DEVELOPMENT FOUNDATION LIMITED for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, Cash Flow statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 45

Independent Auditors' Report to the members of Saba Relief & Development Foundation Limited

Other Information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• The information given in the trustees' report, which includes the directors' report prepared for company law purposes, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• The directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Page 46

Independent Auditors' Report to the members of Saba Relief & Development Foundation Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion;

• Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• The charitable company financial statements are not in agreement with the accounting records and returns; or

• Certain disclosures of trustees' remuneration specified by law are not made; or

• We have not received all the information and explanations we require for our audit

Responsibilities of Trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 47

Independent Auditors' Report to the members of Saba Relief & Development Foundation Limited

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework. The Charities Act (Protection and Social Investment) Act 2016, the Charity SORP, and the Fundraising Regulator, are of significance in the context of the entity.

We consider that the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations. The audit team identified particular areas that were susceptible to misstatement as part of their fraud discussion which included revenue recognition and related party transactions.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non- compliance with laws and regulations) comprised of:

inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of journal entries and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Page 48

Independent Auditors' Report

to the members of Saba Relief & Development Foundation Limited

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Haroon Rafique (Senior Statutory Auditor) For and behalf of Meer & Co Chartered Accountants and Statutory Auditors

Date: 14/10/2024

No1 Cochrane House Admirals Way Canary Wharf London E14 9UD

Page 49

Financial Statements for the Year ended 31st December 2023

Page 50

Statement of Financial activities for the year ended 31st December 2023

Notes Incoming resources Activities for generating funds 2 Rental income Total incoming resources Resources expended Costs of generating funds; Fundraising cost 3 Charitable expenditure 3 Governance costs 5 Total resources expended Net incoming resources before other recognised gains/ losses Retained funds brought forward Retained funds carried forward	Unrestricted funds £ 1,126,002 15,250	Restricted funds £ 1,981,761 -	Year ended 31/12/2023 £ 3,107,763 15,250	Year ended 31/12/2022 £ 5,484,784 -
	1,141,252 (269,002) (337,095) (230,788)	1,981,761 - (1,981,761) -	3,123,013 (269,002) (2,318,856) (230,788)	5,484,784 (159,472) (5,292,001) (216,490)
	(836,885) 304,367 1,316,936	(1,981,761) -	(2,818,646) 304,367 1,316,936	(5,667,963) 183,179 1,500,115
	1,621,303	-	1,621,303	1,316,936

Page 51

Balance Sheet as at 31st December 2023

Notes Fixed assets Tangible assets 9 Investments 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets Funds of the charity Income funds 12 Total funds 13	Unrestricted funds 5,494 421,568 427,062 18,633 1,188,721 1,207,354 (13,113) 1,194,241 1,621,303 1,621,303 - 1,621,303 1,621,303	Restricted funds Year Ended 31/12/2023 Year Ended 31/12/2022 £ £ £ £ - 5,494 6,869 - 421,568 - - 427,062 6,869 - 18,633 7,279 - 1,188,721 1,311,188 1,207,354 1,318,467 - (13,113) (8,400) - 1,194,241 1,310,067 - 1,621,303 1,316,936 - 1,621,303 1,316,936 - - - 1,621,303 1,316,936 - 1,621,303 1,316,936	Restricted funds Year Ended 31/12/2023 Year Ended 31/12/2022 £ £ £ £ - 5,494 6,869 - 421,568 - - 427,062 6,869 - 18,633 7,279 - 1,188,721 1,311,188 1,207,354 1,318,467 - (13,113) (8,400) - 1,194,241 1,310,067 - 1,621,303 1,316,936 - 1,621,303 1,316,936 - - - 1,621,303 1,316,936 - 1,621,303 1,316,936
			1,318,467 (8,400) 1,310,067 1,316,936 1,316,936 - 1,316,936 1,316,936

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board on 14/10/2023 and signed on its behalf by:

Trustee Anis Ali

Registration number 07923498

Page 52

Cash Flow as at 31st December 2023

Notes Reconciliation of operating (loss)/profit to net cash outflow from operating activities Operating profit/(loss) Depreciation (Increase) in debtors Increase in creditors Net cash inflow from operating activities Cash flow statement Net cash inflow from operating activities Capital Expenditure 15 Decrease in cash in the period Reconciliation of net cash flow to movement in net funds 16 Decrease in cash in the period Net funds at 01/01/2023 Net funds at 31/12/2023	Year ended 31/12/2023 £ 304,367 1,374 (11,354) 4,713 299,100 299,100 (421,568) (122,468) (122,468) 1,311,188 1,188,720	Year ended 31/12/2022 £ (183,179) 1,717 (5,611) -
		(187,073)
		(187,073) - (187,073) (187,073) 1,498,261 1,311,188

The notes on pages 55 to 62 form an integral part of these financial statements.

Page 53

Notes to the Financial Statements for the Year ended 31st December 2023

Page 54

Notes to the financial Statement for the year ended 31st December 2023

1. Accounting policies

1.1. Basis of preparation

The financial statements have been prepared in accordance with the 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

1.2. Funds

Unrestricted funds are donations and other incoming resources receivable or granted for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for specific purpose as laid down by donor. Expenditure which meet this criteria is charged to the fund, together with a fair allocation of management and support costs where applicable

1.3. Income

Income is recognised when the charity has entitlement to the funds, any project conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

1.4. Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• Fundraising cost comprise the costs of advertising, events and their associated support costs.

• Expenditure on charitable activities includes the costs of projects and other charitable activities undertaken to further the purposes of the charity and their associated support costs.

• Governance costs Includes the costs of general running of the charity as opposed to generating fund, service delivery and program or project work.

1.5. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 20% reducing balance

Page 55

Notes to the financial Statement for the year ended 31st December 2023

1.6. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7. Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8. Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.9. Pensions

The pension costs charged in the financial statements represent the contribution payable by the company during the period.

1.10. Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the income and expenditure accounts.

1.11. Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12. Government grants

The Company recognizes government revenue-based grants using the Accrual model and when there is reasonable assurance that it will comply with the conditions attaching to them and that the grants will be received. Grants relating to revenue are recognized in income on a systematic basis over the periods in which the entity recognizes the related costs for which the grant is intended to compensate. Grant which becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognized in income in the period in which it becomes receivable.

1.13. Fixed asset investments

Investment property is included in the Balance Sheet at fair value.

Page 56

Notes to the financial Statement for the year ended 31st December 2023

2. Income

The total income of the charity for the period has been derived from its principal activity wholly undertaken in the UK.

Page 57 Restricted funds: Received from donor partners Unrestricted funds: Donations Other cash and bank transfers Rental income 3. Expenditure on charitable activities Fundraising costs Events Advertising Charitable Expenditure Activity or programme Education Financial Aid Food Health Orphans Seasonal Shelter Water	Unrestricted funds £ 82,467 186,535	Unrestricted funds £ 82,467 186,535	Restricted funds £ - -			Year ended 31/12/2023 £ 1,981,760 949,929 176,074 15,250	Year ended 31/12/2022 £ 4,283,486 755,325 445,973 -
						3,123,013	5,484,784
						Year ended 31/12/2023 £ 82,467 186,535	Year ended 31/12/2022 £ 23,071 136,401 159,472 5,292,001 Total £39,600 £966,072 £195,302 £6,300 £424,250 £486,723 £35,000 £165,608
		269,002	-			269,002
		337,095	1,981,761			2,318,856
		Activities undertaken directly £38,412 £937,090 £189,443 £6,111 £411,523 £472,122 £33,950 £160,640 £2,249,291				Support costs £1,188 £28,982 £5,859 £189 £12,728 £14,602 £1,050 £4,968
						£69,566	£2,318,856

3. Expenditure on charitable activities

Page 57

Notes to the financial Statement for the year ended 31st December 2023

4. Auditors' remuneration

Auditors’ remuneration - audit of the financial statements 5. Governance Costs Unrestricted funds Wages and salaries 75,245 Employer's NI contributions 260 Staf pension costs 4,193 Self-employed contractors 82,105 Rent payable 17,999 Rates 4,072 Insurance 1,289 Computer bureau costs 3,632 Repairs and maintenance - Light and Heat 100 Printing, postage and stationery 2,608 Telephone & IT Costs 3,410 Travelling 13,983 Legal and professional - Accountancy 1,800 Audit 6,725 Bank charges 11,993 Depreciation on fixtures & equipment 1,374 230,788	Auditors’ remuneration - audit of the financial statements 5. Governance Costs Unrestricted funds Wages and salaries 75,245 Employer's NI contributions 260 Staf pension costs 4,193 Self-employed contractors 82,105 Rent payable 17,999 Rates 4,072 Insurance 1,289 Computer bureau costs 3,632 Repairs and maintenance - Light and Heat 100 Printing, postage and stationery 2,608 Telephone & IT Costs 3,410 Travelling 13,983 Legal and professional - Accountancy 1,800 Audit 6,725 Bank charges 11,993 Depreciation on fixtures & equipment 1,374 230,788	Restricted funds - - - - - - - - - - - - - - - - - -	Year ended 31/12/2023 £	Year ended 31/12/2022 £ 6,600 Year ended 31/12/2022 £ 73,857 606 419 71,923 18,000 109 1,094 6,575 - 1,550 2,455 2,432 2,489 15,445 1,800 9,420 1,717 216,491
			6,600
			Year ended 31/12/2023 £ 75,245 260 4,193 82,105 17,999 4,072 1,289 3,632 - 100 2,608 3,410 13,983 - 1,800 6,600 11,993 1,374
	230,788	-	230,788

5. Governance Costs

Page 58

Notes to the financial Statement

for the year ended 31st December 2023

6. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel and staff numbers

Number of staf The average monthly members of staf during the period were: Employment costs Wages and salaries Social security costs Pension costs-other operating charge	Year ended 31/12/2023 5 £ 75,245 260 4,193	Year ended 31/12/2022 7 £ 73,857 606 419 74,882
	79,698

No employees had employee benefits in excess of £60,000 (2022: nil). The charity trustees were not paid or received any other benefits from employment with the Trust (2022: £nil). The charity trustees were not reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

The key management personnel of the Trust, comprise the trustees, media, marketing and IT, and fundraising officers. The total employee benefits of the key management personnel of the Trust were £0 (2022: £0).

7. Trustees' Remuneration

Remuneration and other benefits	Year ended 31/12/2023 -	Year ended 31/12/2022 -
	-	-

8. Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects

Page 59

Notes to the financial Statement for the year ended 31st December 2023

9. Tangible fixed assets

Cost At 1st January 2022 Additions At 31st December 2023 Net book values At 31 December 2023 At 31 December 2022 9. Fixed asset investments	Fixtures, fittings and equipment £ 10,972	Total £ 10,972
	-	-
	10,972	10,972
	5,494	5,494
	6,869	6,869

Cost At 1st January 2022 Additions At 31st December 2023 Net book values At 31 December 2023 At 31 December 2022	Freehold land and building £ -	Total £ -
	421,568	421,568
	421,568	421,568
	421,568	421,568
	-	-

Freehold investment properties with an original cost of £421,568 (2022:£0) is included in the Balance Sheet at fair value of £421,568 (2022:£0).

The investment properties have been valued at fair value by the trustees. No external professional valuer was involved in the valuation process. The fair value has been determined based on the remaining period of the lease and passing rent and the present value of all future rentals over the remaining useful life of the property.

Page 60

Notes to the financial Statement for the year ended 31st December 2023

10. Debtors

Other debtors 11. Creditors: amounts falling due within one year Other taxes and social security costs Other creditors Accruals and deferred income		Year ended 31/12/2023 £ 18,633 Year ended 31/12/2023 £ 2,913 3,600 6,600 13,113		Year ended 31/12/2022 £ 7,279
				Year ended 31/12/2022 £ - 1,800 6,600
				8,400

11. Creditors: amounts falling due within one year

12. Reserves

The charity is a company limited by guarantee and has no share capital

At 31st January 2023 Net income for the period At 31st December 2023	Income & expenditure account £ 1,316,936 304,367 1,621,303	Total £ 1,316,936 304,367
		1,621,303

Page 61

Notes to the financial Statement for the year ended 31st December 2023

13. Reconciliation of movements in funds

14. Company limited by guarantee The charity is a company limited by guarantee and has no share capital Capital Expenditure Payments to acquire tangible assets 15. Gross Cash Flows Opening Balance £ Cash at bank and in hand 1,311,188 Net funds 1,311,188 16. Analysis of changes in net funds Income/(Deficit) for the period Net addition to funds Opening trust funds Closing trust funds	14. Company limited by guarantee The charity is a company limited by guarantee and has no share capital Capital Expenditure Payments to acquire tangible assets 15. Gross Cash Flows Opening Balance £ Cash at bank and in hand 1,311,188 Net funds 1,311,188 16. Analysis of changes in net funds Income/(Deficit) for the period Net addition to funds Opening trust funds Closing trust funds	14. Company limited by guarantee The charity is a company limited by guarantee and has no share capital Capital Expenditure Payments to acquire tangible assets 15. Gross Cash Flows Opening Balance £ Cash at bank and in hand 1,311,188 Net funds 1,311,188 16. Analysis of changes in net funds Income/(Deficit) for the period Net addition to funds Opening trust funds Closing trust funds	Year ended 31/12/2023 £ (421,568) Cash Flows £ (122,467) Year ended 31/12/2023 £ 304,367 304,367 1,316,936 1,621,303	Year ended 31/12/2023 £ (421,568) Cash Flows £ (122,467) Year ended 31/12/2023 £ 304,367 304,367 1,316,936 1,621,303	Year ended 31/12/2023 £ (421,568) Cash Flows £ (122,467) Year ended 31/12/2023 £ 304,367 304,367 1,316,936 1,621,303	Year ended 31/12/2022 £ (183,179) (183,179) 1,500,115 1,316,936	Year ended 31/12/2022 £ (183,179) (183,179) 1,500,115 1,316,936
						Year ended 31/12/2022 £ - Closing Balance £ 1,188,721 1,188,721
	1,311,188			(122,467)			1,188,721

14. Company limited by guarantee

15. Gross Cash Flows

16. Analysis of changes in net funds

Page 62

LETS TALK

Saba Relief & Development facebook.com/sabarelief Foundation twitter.com/sabarelief Unit 3 29 Henley Street Birmingham instagram.com/sabarelief West Midlands United Kingdom B11 1JB youtube.com/sabarelief report designed by Meer & Co https://meer-co.com/

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www.sabarelief.org