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2025-12-31-accounts

saba relief Yemen, Humanity and Hope

Registration number 07923498 Charity number 1150360

SABA RELIEF & DEVELOPMENT FOUNDATION LIMITED Company Limited by Guarantee

Trustees’ report and financial statements for the year ended 31 December 2025

Page 1

Our vision is a new Yemen free from poverty.

Page 2

Contents

Contents
A message from the Chairman 4
About us 6
Trustees' report 9
Achievements and performance 12
Flagship projects 15
Financial review 25
Structure, governance & management 28
Statement of Trustees' responsibilities 30
Auditors' report 32
Financial statements 38
Notes to the financial statements 42

Page 3

A message from the Chairman

Peace and blessings be upon you all

On behalf of the Board of Trustees, I am pleased to present Saba Relief's Annual Report for 2025.

As we reflect on the past year, we do so with gratitude, humility, and a renewed sense of purpose. Yemen continues to face one of the world's most challenging humanitarian crises, with millions of people affected by conflict, economic hardship, displacement, and limited access to essential services. Despite these challenges, Saba Relief has remained steadfast in its commitment to supporting vulnerable communities and delivering meaningful, lasting impact.

Thanks to the generosity of our donors and the dedication of our staff, volunteers, and partners, 2025 was a year of significant achievement. Our orphan sponsorship programme grew to support more than 1,800 orphaned children, while our humanitarian and development programmes supported thousands of beneficiaries across Yemen. These achievements reflect the collective efforts of everyone who continues to support our mission and stand alongside those most in need.

The year also marked an important milestone in the development of Saba Relief with the appointment of Saleem Ahmed as Chief Executive Officer and the adoption of our new five-year strategy. Together, these developments provide a clear roadmap for the charity's future, strengthening our leadership, expanding organisational capacity, and positioning us to increase our impact in the years ahead.

Alongside this growth, we continued to strengthen our governance and organisational effectiveness. Working closely and constructively with the Charity Commission, we successfully completed all agreed actions and recommendations during the year. This process provided an important opportunity to reflect, learn, and further strengthen the systems, controls, and accountability arrangements that underpin our work.

I would like to express my sincere appreciation to our donors, volunteers, staff, partners, and fellow Trustees for their continued commitment and support. Your generosity, dedication, and trust make our work possible.

While significant challenges remain, I am optimistic about the future. Guided by our values, strengthened by the progress we have made, and inspired by the resilience of the communities we serve, we remain committed to delivering hope, dignity, and opportunity to those who need it most.

Thank you for your continued support and prayers.

Warm regards,

Anis Ali Chairman, Saba Relief

Page 4

From the CEO's Desk

Peace and blessings be upon you all

Since taking on the role of CEO of Saba Relief in May 2025, I have spent my time listening, learning, and working closely with our teams, partners, and the communities we serve across Yemen. What I found was an organisation built upon sincerity, resilience, and a genuine commitment to alleviating hardship in some of the most challenging humanitarian conditions in the world. Throughout 2025, I witnessed first-hand the dedication of our staff and volunteers, both in the UK and on the ground in Yemen, who continue to serve with compassion, integrity, and unwavering determination despite immense operational difficulties.

This year has been one of both reflection and transformation for Saba Relief. Alongside delivering vital humanitarian assistance to vulnerable communities across Yemen, we undertook an important process of organisational strengthening. My priority from the outset has been to ensure that Saba Relief is not only impactful in its delivery, but also robust in its governance, accountability, and long-term sustainability. Throughout the year, we scaled back on projects but invested significant effort into reviewing internal systems, strengthening policies and procedures, improving operational oversight, and embedding a stronger culture of compliance and professionalism across the organisation.

As part of this journey, we continued to fully cooperate with the Charity Commission’s statutory inquiry. While such scrutiny is naturally challenging for any organisation, we approached it with openness, responsibility, and a commitment to continuous improvement. We recognise that strong governance and transparency are essential to maintaining the trust of our donors, beneficiaries, and stakeholders, and we remain committed to emerging from this process as a stronger, more resilient organisation that is better equipped to fulfil its mission.

Despite these internal developments, our focus never shifted away from the people of Yemen. Throughout the year, Saba Relief continued to respond to urgent humanitarian needs while also expanding efforts toward more sustainable and community-led solutions. From food security and water access initiatives to orphan support, livelihoods, and emergency assistance, our teams worked tirelessly to deliver aid that not only meets immediate needs but also preserves dignity and strengthens resilience within local communities. I was especially encouraged to see the growing emphasis on long-term development approaches that empower communities toward greater self-reliance and stability. 2025 also reinforced the importance of our values. Compassion, Integrity, Righteous Ethics, Empowerment, and Sustainability are not simply words within our new five-year strategy; they are principles that continue to guide every decision we make and every programme we deliver. In an increasingly complex humanitarian environment, remaining grounded in these values is essential to preserving the trust placed in us by those we serve and those who support us.

I would like to express my sincere gratitude to our donors, supporters, partners, Trustees, volunteers, and staff for their continued trust and dedication throughout this important year. The progress made in 2025 would not have been possible without your support, patience, and belief in our mission.

As we look ahead, I remain optimistic about the future of Saba Relief. We enter the next chapter with clearer direction, stronger foundations, and a renewed commitment to serving the people of Yemen with excellence, accountability, and compassion. Together, we will continue striving toward a future where humanitarian aid is not only a response to crisis, but a pathway toward dignity, resilience, and lasting change.

Warm Regards,

Saleem Ahmed Chief Executive Officer, Saba Relief

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About Us

About Us

Saba Relief & Development Foundation Limited is the UK's first registered charity dedicated exclusively to supporting the people of Yemen. Since 2012, we have worked to alleviate poverty, respond to humanitarian need, and support vulnerable communities affected by conflict and hardship.

Our mission is to deliver effective humanitarian and development assistance to those most in need, with a particular focus on children and vulnerable families.

Through programmes including orphan sponsorship, food assistance, water projects, healthcare support, education initiatives, and community development, we strive to provide relief, restore dignity, and create opportunities for a brighter future.

Guided by compassion, integrity, transparency and accountability, we remain committed to supporting the people of Yemen and helping communities build resilience and hope for generations to come.

Page 7

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 (Treasurer) Ms Asma Iftikhar (Trustee) Mr Rashed Gudal (Trustee)

Website

www.sabarelief.org

Bankers

Lloyds 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

Keytax Ltd 220-222 Warwick Road Birmingham B11 2NB

Page 8

Trustees' report for the Year ended 31 December 2025

Page 9

Trustees' report for the year ended 31 December 2025

The Trustees, who are also directors of the charitable company, are pleased to present their annual report and financial statements for the year ended 31 December 2025. 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).

Page 10

Trustees' report for the year ended 31 December 2025

Objective and Activities

Saba Relief is dedicated to alleviating poverty in Yemen by helping the poor and needy by distributing food, water, clothing, providing education facilities, giving financial aid, and sponsoring projects.

All objectives are aligned with the Charity Commission’s public benefit guidance and subject to continuous review to ensure strategic relevance and maximum impact.

We extend heartfelt thanks to our dedicated volunteers and regular donors whose tireless efforts have significantly increased both engagement and donations. Their contributions through events, outreach, and partnerships have strengthened our network and enhanced our capacity to serve.

OUR VISION

A new Yemen free from poverty!

OUR VALUES

At Saba Relief, our values are more than guiding principles, they are the foundation of who we are and how we serve. Compassion shapes the way we respond to those in need, ensuring every individual is treated with dignity, empathy, and respect. Integrity and righteous ethics underpin our work, driving transparency, accountability, honesty, and fairness in every decision we make. We are committed to empowering communities to build resilience and selfreliance, while pursuing sustainable solutions that create lasting impact beyond immediate relief. Together, these values define our organisational culture and remain central to our mission and service.

OUR MISSION

We mobilise funds and deliver aid to those with the greatest need in Yemen, especially children

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Achievements and Performance

WHAT WE DO IN YEMEN

Throughout 2025, Saba Relief continued to strengthen its impact across Yemen through humanitarian and sustainable initiatives supporting vulnerable communities affected by conflict and poverty. Building upon years of dedicated service, we delivered projects that not only addressed urgent needs, but also promoted resilience, empowerment, and long-term self-reliance with dignity.

HADRAMAWT

AL JAWF

AL MAHRA

HAJJAH

AL HUDAYDAH

SANAA

IBB

SHABWAH AL BAYDA ABYAN

TA’IZZ

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ADEN
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FOOD 28,017 Families were fed

WATER 1,456 Yemenis benefited from our Water Programme

ZAKAT 13,490 Yemenis received Financial Aid

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Achievements and Performance

In 2025, hope reached thousands of vulnerable Yemenis through Saba Relief’s work. With the support of our donors, we brought lifesaving aid to communities enduring the country’s ongoing crisis.

Across Yemen, from Taiz and Aden to Sana’a, Dhamar, Al-Hudaydah, Ibb, and Shabwah, our projects met urgent needs for food, water, medicine, clothing, education, and shelter while also helping to build pathways toward longterm resilience.

Sadly, Yemen’s humanitarian crisis remains dire: millions face hunger, illness, and displacement, and the scale of need continues to outpace available resources. To save more lives and build lasting resilience, it is vital that we sustain and expand our life-saving interventions.

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Flagship Projects

Achievements and Performance

ORPHAN SPONSORSHIP

In 2025, our Orphan Sponsorship Programme supported more than 1,800 children who had lost one or both parents. Through the provision of financial aid those children were provided with food, clothing, healthcare, and education.

Beyond meeting their essential needs, sponsorship provided stability and emotional support, helping them to grow in an environment of safety and belonging. Gifts and clothing on special occasions reinforced joy and inclusion, while sponsors were able to build personal connections through letters and updates. This programme lies at the very heart of Saba Relief’s charitable aims, upholding our duty to care for orphans while relieving poverty and hardship.

What makes our orphan sponsorship special?

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OD PARI

Achievements and Performance

ZAKAT DISTRIBUTION

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

In Yemen, Zakat is more than just fulfilling a religious obligation; it is a lifeline. In 2025, Saba Relief distributed financial assistance to nearly 13,490 households across Yemen, providing families with essential resources such as food, medical care, and financial support.

This assistance meant that parents could feed their children, buy medicine, and restore some sense of stability amidst crises. In fulfilling both a spiritual duty and a humanitarian necessity, our Zakat programme embodies Saba Relief’s aim of relieving poverty and supporting vulnerable families with dignity.

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YEMEN WATER WEI, SRPOOH3 Jz*A"

Achievements and Performance

WATER WELLS

Access to clean water is one of the greatest challenges facing Yemen today. In 2025, Saba Relief constructed new solar-powered water wells and delivered safe drinking water to over 1,456 people.

This access transformed lives by reducing disease, improving health, and restoring dignity in communities where the daily struggle for water had become overwhelming. By providing one of life’s most basic necessities, we directly fulfilled our charitable aim of relieving poverty and preserving health.

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Seasonal Projects

Seasonal projects

QURBANI

Eid Al-Adha is a time of generosity and unity, and in 2025 Saba Relief brought nourishment and dignity to nearly 51,238 people through Qurbani distributions. For many, this was the only time in the year they could enjoy fresh meat.

Beyond easing hunger, the programme gave families the chance to celebrate and feel part of their community once again. In this way, Qurbani met urgent needs while fulfilling our charitable aim of relieving poverty and hunger with compassion.

RAMADAN

The holy month of Ramadan is a time for compassion, but for families in Yemen it can also bring hardship. In 2025, Saba Relief’s Ramadan campaign reached over 28,017 people with food parcels, clean water, and healthcare support.

This support eased the burdens of fasting while ensuring dignity and relief during a sacred time. The programme fulfilled our aim of relieving poverty and hunger while strengthening the bonds of community and faith.

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Seasonal projects

YOUR CONTRIBUTIONS

The continued support of our donors and supporters remains central to Saba Relief’s ability to provide critical humanitarian assistance and sustainable support to vulnerable communities across Yemen. Every contribution made throughout 2025 helped deliver relief, restore dignity, and bring hope to those facing immense hardship, and we remain deeply thankful for the trust placed in our work.

Throughout 2025, our fundraising strategy focused on strengthening engagement with supporters, expanding awareness, and diversifying income generation to sustain and grow humanitarian operations in Yemen. This included a combination of digital campaigns, community fundraising initiatives, mosque partnerships, events, project-focused appeals, regular giving, and strategic collaborations designed to maximise impact and encourage long-term support for our mission.

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Financial Review

Financial review

Income

During 2025 Saba Relief charity raised £1.6 million by 31 December 2025. There has been a decrease compared to the prior year (2024: £4.6m). Charitable donations have been severely impacted because of the ongoing Charity Commission inquiry. A significant drop in funding partner income has led to a much lower total compared to the previous year. The reduction in partner income was also due to fund transfer issues that were out of the charity's control. Fortunately, those issues were resolved towards the end of the year. However, on a positive note, partners have stated their intent to return back to working with Saba Relief once the inquiry is successfully closed. Saba Relief has invested in the building of a fundraising team to mitigate some of the risk of losing partner funding.

The financial statements are for the 12-month period from 1st January 2025 to 31 December 2025. The main source of the funding for specific programmes continues to be the funds provided by the general public and by our partner organisations.

Fund Source

Amount

General Public & Partners £1.6M

Cost of generating funds

The charity’s fundraising costs during the year were £236K (2024: £439K). This cost comprises marketing and media to raise funds for the charity.

Charity expenditure

During the year the Saba Relief charity has spent £1.26M (2024: £4M) to help a large number of its beneficiaries that we support in Yemen, from those charitable activities and fundraising that we have operated.

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.

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Financial review

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 31/12/2025 was £1.8M (2024: £1.7M). There were £0 [2025:£0] restricted funds at the end of the period.

Future plans

Building on the progress made during 2025, Saba Relief remains committed to delivering effective humanitarian and development assistance to vulnerable communities across Yemen.

The adoption of our new five-year strategy provides a clear roadmap for the charity's future growth and impact. Our priorities include expanding support to beneficiaries, strengthening partnerships, investing in our people, systems, and organisational capacity, and ensuring we remain responsive to both immediate humanitarian needs and longer-term development challenges.

We will continue to focus on strong governance, accountability, and the effective stewardship of donor funds, while working to maximise the impact and sustainability of our programmes. As needs across Yemen remain significant, Saba Relief will continue to monitor emerging challenges and respond where support is most needed.

Risk management

The Board of Trustees reviews the charity's principal risks and uncertainties on a regular basis and maintains oversight of the systems and controls in place to manage them. During 2025, the charity further strengthened its risk management arrangements as part of its wider governance and organisational improvement.

The charity's risk management framework includes the regular review of key risks, the implementation of appropriate policies, systems, and procedures to mitigate identified risks, and ongoing monitoring to ensure controls remain effective. Risk management is supported through staff training, governance oversight, and the maintenance of appropriate operational procedures.

The Trustees recognise that effective risk management is essential to protecting the charity's beneficiaries, people, assets, reputation, and ability to deliver its charitable objectives. The Board is satisfied that appropriate controls and monitoring arrangements are in place to identify, assess, and manage the charity's principal risks.

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Structure, Governance & Management

Structure, Governance & Management

The Trustees present their annual report and the financial statements for the year ended 31 December 2025 and confirm they comply with the Company Act 2006, Charities Act 2011, the trust deed and the Charities SORP FRS 102.

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 25 January 2012 and registered as a charitable trust with the Charity Commission on 7th January 2013 under charity number 1150360. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Organisational structure

The charity Trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet together as a body at least quarterly and are responsible for all decisions taken in relation to the running of the charity and the community facilities and the activities provided by the charity. The day-to-day management of the Charity and community facilities and projects are delegated to the Chief Executive Officer (CEO).

Recruitment and appointment of Trustees

The existing Trustees are responsible for the recruitment of new Trustees.

In selecting new Trustees, we seek to identify people who have good reputations in the community and are willing to volunteer to help in our broader community work. Potential Trustees are invited to attend Trustees' meetings as observers and are given more details of the charity's aims and activities and, if all agree, they are then proposed as new Trustees at the subsequent Trustees' meeting. This process allows due consideration of the person's eligibility, personal competence, specialist knowledge and skills.

Induction and training of Trustees

A number of publications, detailed guides and how-to guides, from the Charity Commission are also provided including "What makes a charity", "Charitable purposes and public benefit" and "Public benefit: the rules for charities". This ensures that new Trustees are aware of the scope of their responsibilities under the Charities Act.

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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:

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 2011. 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:

Auditors

Meer & Co have expressed their willingness to continue in office as statutory auditors and will be deemed to be reappointed in accordance with the provisions of 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.

Approved by the Board and signed on 06 July 2026 on its behalf by:

Chairman, Saba Relief & Development Foundation Limited Anis Ali

Page 31

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 2025 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:

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

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.

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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:

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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;

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.

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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 noncompliance 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.

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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: 06/07/2026

No1 Cochrane House Admirals Way Canary Wharf London E14 9UD

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Financial Statements for the Year ended 31 December 2025

Page 38

Statement of Financial activities for the year ended 31 December 2025

Unrestricted Restricted **Total ** **Unrestricted ** Restricted Total
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income & endowments from: 3
Donations 614,891 973,591 1,588,482
1,496,786		 3,082,173 4,578,959
Rent receivable 10,361 - 10,361
20,722		 - 20,722
Bank Interest Income 8,854 - 8,854
10,779		 - 10,779
Total incoming resources 634,106 973,591 1,607,697 1,528,287 3,082,173 4,610,460
Expenditure on:
Raising funds 4 (236,640) - (236,640) (439,148) - (439,148)
Charitable activities 5 (282,739) (973,591) (1,256,330) (950,629) (3,082,173) (4,032,802)
Property maintenance costs - - - (9,488) - (9,488)
Total expenditure (519,379) (973,591) (1,492,970) (1,399,265) (3,082,173) (4,481,438)
Net gain / (loss) on revaluation 40,000 -
-		 40,000
(41,568)		 - (41,568)
Corporation tax expense - - - - - -
Net income/(expenditure) 154,727 - 154,727
87,454		 - 87,454
Transfers between funds - - - - -
Net movement in funds 154,727 - 154,727
87,454		 - 87,454
-
Reconciliation of funds:
Total funds brought forward 1,708,757 - 1,708,757
1,621,303		 - 1,621,303
Total funds carried forward 1,863,484 - 1,863,484
1,708,757		 -
1,708,757

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Balance Sheet as at 31 December 2025

Unrestricted Restricted Total **Unrestricted ** Restricted Total
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Fixed assets
Tangible assets 10 10,786 - 10,786 11,539 - 11,539
Investments 11 420,000 - 420,000 380,000 - 380,000
Total Fixed Assets 430,786 - 430,786 391,539 - 391,539
Current assets -
Debtors 12 1,167 - 1,167 11,932 - 11,932
Prepayment 240
Cash and cash equivalents 1,503,002 - 1,503,002 1,314,945 - 1,314,945
Total Current Assets 1,504,409 - 1,504,409 1,326,877 - 1,326,877
Liabilities - -
Creditors falling due within
one year 13 (71,711) - (71,711) (9,659) - (9,659)
Net current assets/
1,432,698 1,432,698 1,317,218 - 1,317,218
(liabilities) -
Total assets less current 1,863,484 - 1,863,484 1,708,757 - 1,708,757
liabilities - - - - - -
Creditors falling due after
more than one year
Total net assets or
1,863,484 - 1,863,484 1,708,757 - 1,708,757
liabilities
The fund of the charity 14
Revaluation Reserve (1,568) - (1,568) (41,568) - (41,568)
Restricted income funds - - - -
Unrestricted income funds 1,865,052 1,865,052 1,750,325 1,750,325
Total charity funds 1,863,484 - 1,863,484 1,708,757 - 1,708,757

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime, the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006.

The financial statements were approved by the Board of Trustees/Directors and were signed on its behalf by:

Anis Ali (Trustee)

Registration number 07923498

Date: 06/07/2026

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Cash Flow as at 31 December 2025

Notes
Reconciliation of operating (loss)/profit to net cashoutflow
from operating activities
Net Income / expenditure
Depreciation
Prepayment
(Increase)/ decrease in debtors
Increase / (decrease) in creditors
Net (gain) / loss on revaluation
Net cash movement from operating activities
Cashflow statement
Net cash movement from operating activities
Capital expenditure
Change in cash in period
Reconciliation of net cash flow to movement in net funds
Change in cash in period
Net funds at start of period
Net funds at end of period		 2025
2024
£
£
154,727
87,454
2,943
2,885
(240)
10,765
6,701
62,052
(3,454)
(40,000)
41,568
190,247
135,154
190,247
135,154
(2,190)
(8,930)
188,057
126,224
188,057
126,224
1,314,945
1,188,721
1,503,002
1,314,945

The notes on pages 43 to 52 form an integral part of these financial statements.

Page 41

Notes to the Financial Statements for the Year ended 31 December 2025

Page 42

Notes to the financial Statement for the year ended 31 December 2025

1 GENERAL INFORMATION

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales.

The address of the registered office is Unit 3, 29 Henley Street, Birmingham, West Midlands, B11 1JB.

2

Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention. Any investments are included at fair value. The financial statements have been prepared in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006, and the Charities SORP (FRS 102).

Income resources

All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

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:

Allocation of support costs

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, professional costs and IT support. Support costs have been apportioned between fundraising costs and charitable activities on an appropriate basis.

Page 43

Notes to the financial Statement for the year ended 31 December 2025

Fundraising costs

The costs of generating funds are those costs attributable to generating income for the charity, other than those costs incurred in undertaking charitable activities or the costs incurred in undertaking trading activities in furtherance of the charity’s objects.

Charitable activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs.

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.

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.

Fund accounting

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 can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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.

Fixed Asset Investments

Investment property mismeasured fair value at the year end with changes in fair value recognised in profit or loss. Fair value is determined annually by an independent valuer with appropriate qualifications and experience in the category of property being valued.

Page 44

Notes to the financial Statement for the year ended 31 December 2025

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.

Fixtures, fittings and equipment

20% reducing balance

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.

Cash and cash equivalents

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

Creditors

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.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Pensions

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

3 Income

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

Donations
Rent receivable
Bank Interest Income		 Unrestricted
2025
Restricted
2025
Total
2025
Unrestricted
2024
Restricted
2024
Total
2024
£
£
£
£
£
£
614,891
973,591
1,588,482
1,496,786
3,082,173
4,578,959
10,361
-
10,361
20,722
-
20,722
8,854
8,854
10,779
-
10,779
634,106
973,591
1,607,697
1,528,287
3,082,173
4,610,460

Page 45

Notes to the financial Statement for the year ended 31 December 2025

4 Analysis of Expenditure on Raising funds

Raising funds
Support Costs
Total		 Unrestricted
Restricted
Total Unrestricted
Restricted
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
205,225
-
205,225
411,412
-
411,412
31,415
-
31,415
27,736
-
27,736
236,640
-
236,640
439,148
-
439,148

5 Analysis of Charitable Expenditure

Charitable projects
Zakat
Orphans
Qurbani
Waterwell
Support Costs
Total		 Unrestricted
Restricted
Total Unrestricted
Restricted
Total
2025
2025
2025
2024
2024
2024
-
510,002
510,002
701,008
2,729,461
3,430,469
-
27,995
27,995
-
22,122
22,122
-
174,335
174,335
-
92,724
92,724
-
246,915
246,915
-
218,172
218,172
-
14,344
14,344
-
19,694
19,694
282,739
-
282,739
249,621
-
249,621
282,739
973,591
1,256,330
950,629
3,082,173
4,032,802
Education
Financial Aid
Food
Health
Orphans
Seasonal
Shelter
Water
Total		 Expenditure
2025
Support
Costs
2025
Total
2025
Expenditure
2024
Support
Costs
2024
Total
2024
£
£
£
£
£
£
-
-
-
81,751
5,394
87,145
399,995
116,162
516,156
2,205,167
145,501
2,350,668
138,002
40,077
178,079
253,075
16,698
269,774
-
-
-
83,075
5,481
88,557
174,335
50,628
224,963
545,892
36,019
581,911
246,915
71,706
318,622
322,180
21,258
343,438
-
-
-
99,054
6,536
105,590
14,344
4,166
18,510
192,987
12,734
205,720
973,591
282,739
1,256,330
3,783,181
249,621
4,032,802

Page 46

Notes to the financial Statement for the year ended 31 December 2025

6 Allocation of Support Costs and overheads

Wages and salaries
Employer's NI contributions
Staf pension costs
Self-employed contractors
Rent payable
Rates
Insurance
Computer bureau costs
Light and Heat
Printing, postage and
stationery
Telephone & IT Costs
Subscriptions
Travelling
Legal and professional
Accountancy
Audit
Bank charges
General Expenses
Depreciation on fixtures &
equipment		 Total
Raising Funds
Charitable Activities
2025
2024
2025
2024
2025
2024
£
£
£
£
£
£
111,707
76,380
11,171
7,638
100,536
68,742
272
-
27
-
245
-
530
526
53
53
477
473
79,029
103,415
7,903
10,342
71,126
93,074
18,600
18,350
1,860
1,835
16,740
16,515
1,606
1,484
161
148
1,445
1,336
2,087
2,114
209
211
1,878
1,903
2,351
-
235
-
2,116
-
900
1,000
90
100
810
900
561
3,280
56
328
505
2,952
14,699
11,388
1,470
1,139
13,229
10,249
4,795
9,934
480
993
4,316
8,941
81
355
8
36
73
320
53,423
25,266
5,342
2,527
48,081
22,739
1,800
1,800
180
180
1,620
1,620
6,600
6,600
660
660
5,940
5,940
11,811
12,580
1,181
1,258
10,630
11,322
359
-
36
-
323
-
2,943
2,885
294
289
2,649
2,597
314,154
277,357
31,415
27,736
282,739
249,621
Raising Funds
Charitable Activities		 Unrestricted
Restricted
Total Unrestricted
Restricted
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
31,415
-
31,415
27,736
-
27,736
282,739
-
282,739
249,621
-
249,621
314,154
-
314,154
277,357
-
277,357

Page 47

Notes to the financial Statement for the year ended 31 December 2025

7 Support Costs and Overheads

Wages and salaries
Employer's NI contributions
Staf pension costs
Self-employed contractors
Rent payable
Rates
Insurance
Computer bureau costs
Light and Heat
Printing, postage and
stationery
Telephone & IT Costs
Subscriptions
Travelling
Legal and professional
Accountancy
Audit
Bank charges
General Expenses
Depreciation on fixtures &
equipment		 Unrestricted
Restricted
Total Unrestricted
Restricted
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
111,707
-
111,707
76,380
-
76,380
272
-
272
-
-
-
530
-
530
526
-
526
79,029
-
79,029
103,415
-
103,415
18,600
-
18,600
18,350
-
18,350
1,606
-
1,606
1,484
-
1,484
2,087
-
2,087
2,114
-
2,114
2,351
-
2,351
-
-
-
900
-
900
1,000
-
1,000
561
-
561
3,280
-
3,280
14,699
-
14,699
11,388
-
11,388
4,795
-
4,795
9,934
-
9,934
81
-
81
355
-
355
53,423
-
53,423
25,266
-
25,266
1,800
-
1,800
1,800
-
1,800
6,600
-
6,600
6,600
-
6,600
11,811
-
11,811
12,580
-
12,580
359
-
359
-
-
-
2,943
-
2,943
2,885
-
2,885
314,154
-
314,154
277,357
-
277,357

Page 48

Notes to the financial Statement for the year ended 31 December 2025

8 Employees

The average monthly number of employees (including the Trustees)
during the year were:
Management staf
Employment costs
Wages and salaries
Social security costs
Employers pension contribution		 2025
2024
6
5
2025
2024
£
£
111,707
76,380
272
-
530
526
112,509
76,906

The number of employees whose emoluments pension contributions and employer's national insurance fell within the following ranges was:

£60,000 - £69,999

0 0

The charity Trustees were not paid or received any other benefits from employment with the Trust (2025: £nil). The charity Trustees were not reimbursed expenses during the year (2025: £nil). No charity trustee received payment for professional or other services supplied to the charity (2025: £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 (2025: £0).

9 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 49

Notes to the financial Statement for the year ended 31 December 2025

10 Tangible fixed assets

Cost
Brought forward
Additions
Carried forward
Depreciation
Brought forward
Charge for the year
Carried forward
Net book values
As at 31 December 2025
As at 31 December 2024
Fixed asset investments
Investment Property at Fair Value
Brought forward on 01 January 2025
Change in fair value
Carried forward at 31 December 2025
11		 Fixtures,
Fittings and
equipment
Total
£
£
19,902
19,902
2,190
2,190
22,092
22,092
8,362
8,362
2,944
2,944
11,306
11,306
10,786
10,786
11,540
11,540
Land and
buildings
Total
£
£
380,000 380,000
40,000
40,000
420,000
420,000

At the reporting date, the charity held investment property comprising freehold land and buildings. The investment property is measured at fair value at each reporting date in accordance with Charities SORP (FRS 102). The fair value of the property as at the year end date was determined to be £420,000 (2024: £380,000).

The fair value of investment property at 31 December 2025 has been determined based on a valuation carried out on that date by an independent RICS qualified valuer not connected with the company. The valuation was in accordance with the RICS Valuation – Global Standards and FRS 102, using market approach to valuation, which provides an indication of rental value by comparing the property with other similar properties for which rental price information is available.

Page 50

Notes to the financial Statement for the year ended 31 December 2025

12 Debtors

2025 2024
£ £
Other debtors 1,167 11,932

13 Creditors: amounts falling due within one year

Social security and other taxes
Other creditors
Accruals and deferred income		 2025
2024
£
£
11,212
997
100
262
60,399
8,400
71,711
9,659

Page 51

Notes to the financial Statement for the year ended 31 December 2025

14 Funds movement

Brought **Income ** Expenditure Transfers Carried
forward Forward
£ £ £ £ £
Funds - Current Year
Analysis of unrestricted funds movement
General funds 1,750,325 634,106
(519,379)		 - 1,865,052
Revaluation Reserve (41,568) 40,000 (1,568)
Analysis of restricted funds movement
Restricted funds - 973,591
(973,591)		 - -
Summary of Funds - Current Year 1,708,757 1,607,697
(1,492,970)		 40,000 1,863,484
Funds - Prior Year
Analysis of unrestricted funds movement
General funds 1,621,303 1,528,287
(1,399,265)		 - 1,750,325
Revaluation Reserve (41,568) (41,568)
Analysis of restricted funds movement
Restricted funds - 3,082,173
(3,082,173)		 - -
Summary of Funds - Prior Year 1,621,303 4,610,460
(4,481,438)		 (41,568) 1,708,757

Page 52

Saba Relief & Development Foundation

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

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Page 53

www.sabarelief.org