| Report ofthe | Trustees | |
|---|---|---|
| Independent | Examiner's Report to the Trustees |
|
| Statement of | Financial Activities | |
| Statement of | Financial Position |
|
| Notes to the | FInancial Statements | 5to 8 |
| Detailed Statement of Financial Activities | 9to 10 |
| Notes | Unrestricted | Restricted | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 6 | |||||||
| Income and | endowments | from: | |||||
| Donations | and legacies | 64,063 | 397,848 | 461,911 | 508,188 | ||
| Total | 64,063 | 397,848 | 461,911 | 508,188 | |||
| Expenditure | on: | ||||||
| Raising funds | (588) | (5M) | (1,694) | ||||
| Charitable | activities | 3/4 | (44,807) | (409,306) | (454,113) | (499,795) | |
| Total | (45,395) | (409,306) | (454,701) | (501,489) | |||
| Net incomeiexpenditure | 18,668 | (11,458) | 7,210 | 6,699 | |||
| Reconciliation offunds |
|||||||
| Total funds | brought forward | 68,914 | 19,229 | 88,143 | 81,444 | ||
| Total funds | carried forward | 87,582 | 7,771 | 95,353 | 88,143 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Current assets | ||||||
| Cash at bank and | in hand | 94,679 | 89,211 | |||
| 94,679 | 89,211 | |||||
| Creditors: amounts | falling | due within one year | 674 | (1,068) | ||
| Net current | assets | 95,353 | 88,143 | |||
| Total assets | less current | liabilities | 95,353 | 88,143 | ||
| Net assets | 95,353 | 88,143 | ||||
| The funds ofthe charity | ||||||
| Restricted | income | funds | 7,771 | 19,229 | ||
| Unrestricted | income funds | 87,582 | 68,914 | |||
| Total funds | 95,353 | 88,143 |
| Projects Costs |
|---|
| Staff |
| WageslResourcing |
| IT |
| Governance costs |
| 2022 | 2021 |
|---|---|
| 38,074 | 33,152 |
| 1,048 | |
| 2,024 | 1,886 |
| 41,146 | 35,385 |
| omparative | forthe Statem | ent ofFinancial Activities | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | |||
| funds | funds | ||||
| 6 | f | ||||
| Income and endowments | from: | ||||
| Donations | and legacies | 61,944 | 446,244 | 508,188 | |
| Total | 61,944 | 446,244 | 508,188 | ||
| Expenditure on: |
|||||
| Raising funds | (1,694) | (1,694) | |||
| Charitable | activities | (48,472) | (451,323) | (499,795) | |
| Total | (50,1661 | (451,323) | (501,489) | ||
| Net incomelexpendlture | 11,778 | (5,079) | 6,899 | ||
| Reconciliation offunds |
|||||
| Total funds | brought forward | 57,136 | 24,308 | 81,444 | |
| Total funds | carried forward | 68,914 | 19,229 | 88,143 |
| Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | ||||
| 01/01/2022 | resoUrces | resources | 31/12/2022 | ||||
| E | |||||||
| General | |||||||
| General | 68,914 | 64,063 | (45,395) | 87,582 | |||
| 68,914 | 64,063 | (45,395) | 87,582 | ||||
| Unrestricted | Funds | - Previous | year | ||||
| Balance at | Incoming | Outgoing | Balance at | ||||
| 01/01/2021 | resoUrces | 31/12/2021 | |||||
| General | |||||||
| General | 57,136 | 61,944 | (50,166) | 68,914 | |||
| 57,136 | 61,944 | (50,186) | 68,914 |
| Restricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | ||||
| 01/01/2022 | resoUfces | resources | 31/12/2022 | ||||
| Restricted | 19,229 | 397,848 | (409,306) | 7,771 | |||
| 19,229 | 397,848 | (409,306) | 7,771 | ||||
| Restricted | Funds | - Previous | year | ||||
| Balance at | Incoming | Outgoing | Balance at | ||||
| 01/01/2021 | resources | I'asoUrces | 31/12/2021 | ||||
| Restricted | 24,308 | 446,244 | (451,323) | 19,229 | |||
| 24,308 | 446,244 | (451,323) | 19,229 |
| nalysis ofne | t assets between funds | ||
|---|---|---|---|
| Net currant | Net Assets | ||
| assets I | |||
| (liabilities) | |||
| Unrestricted | funds | ||
| General | |||
| General | 87,582 | 87,582 | |
| Restricted funds | |||
| Restricted | 7,771 | 7,771 | |
| 95,353 | 95,353 | ||
| Previous year | |||
| Net current | Net Assets | ||
| assets I | |||
| (liabilities) | |||
| Unrestricted | funds | ||
| General | |||
| General | 68,914 | 68,914 | |
| Restricted funds | |||
| Restricted | 19,229 | 19,229 | |
| 88,143 | 88,143 |
| 2022 | 2021 | ||
|---|---|---|---|
| INCOME AND ENDOWMENT | |||
| Donations and legacies |
|||
| Where Most Needed | 12,047 | 7,592 | |
| Admin Fund (Support SRF) |
52,016 | 35,118 | |
| Water Projects | 106,735 | 131,304 | |
| Quran Projects | 77,421 | 72,861 | |
| Knowledge Projects |
4,247 | 16,365 | |
| Tree Projects | 2,579 | 17,541 | |
| Mosque Projects | 206,866 | 208,173 | |
| Gift Aid | 19,234 | ||
| 461,911 | 508,188 | ||
| Total incoming resources |
481,911 | 508,188 | |
| EXPENDITURE | |||
| Raising donations | and legacies | ||
| Fund Raising Costs | (736) | ||
| Telephone | (242) | ||
| Advertising | (438) | (716) | |
| Equipment Expensed |
(150) | ||
| (588) | (1,694) | ||
| Charitable activities |
|||
| Water Projects | (109,117) | (133,395) | |
| Quran Projects | (74,765) | (65,550) | |
| Knowledge Projects |
(4,310) | (24,434) | |
| Tree Projects | (9,557) | (14,917) | |
| Mosque Projects | (211,557) | (213,027) | |
| Where Most Needed | (3,661) | (9,592) | |
| Foreign currency | gains/losses | (3,495) | |
| (412,967) | (464,410) | ||
| SUPPORT COSTS | |||
| StaffWages/Resourclng | |||
| Stait costs - wages &salaries | (38,074) | (33,152) | |
| (38,074) | (33,152) | ||
| (1,048) | (347) | ||
| (1,048) | (347) | ||
| Governance costs |
|||
| Governance costs | (120) | ||
| Accountancy fees | (840) | (1,140) | |
| Other office costs | (70) | ||
| Consultancy | (118) | ||
| Bank Charges | (876) | (746) | |
| (2,024) | (1,886) | ||
| Total resources expended | (454,701) | (501,489) |
| Objecti | v | es and | Activ | iti | es | ||
|---|---|---|---|---|---|---|---|
| SORP reference | |||||||
| Summary | ofthe purposes | of | Para 1.17 | To advance the Islamic faith in such ways as | |||
| the charity as set out | in its | the Trustees shall see fit, in particular but not |
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| governing | document | limited to carrying out community projects for |
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| the welfare ofthe community such as |
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| providing religious and other literature, feeding |
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| orphans and establishing water wells |
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| Summary activities |
ofthe main in relation to those |
Para 1.17and 1.19 |
The educational initiatives provide individuals, communities or organisations with materials |
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| purposes | for the public | and resources to educate society in | |||||
| benefit, | in particular, | the | understanding islam. These are in the forms of |
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| activities, projects or services identified in accounts. |
the | providing books, Qur'ans or online resources under the initiatives of'Knowledge' and 'Quran' projects. |
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| By providing sources ofclean and safe drinking |
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| water under the 'Water Projects' initiative, | |||||||
| communities (non-Muslim and Muslim alike) |
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| can prosper in their development and health. |
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| Communities with clean water are able to |
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| function better individually as well as a society |
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| as it provides them with the essentials to life. | |||||||
| Planting trees under the 'Trees Project' has | |||||||
| allowed needy communities the opportunity to |
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| not only benefit from the fruits individually but |
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| also to provide them with an income stream to | |||||||
| support them from the medium to long term, | |||||||
| Finally, under the 'Mosques Project' building |
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| community hubs such as a mosque has allowed |
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| communities to have a central point to |
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| congregate and a medium to develop their |
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| spiritual needs in a communal gathering. |
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| Statement | confirming | Para 1.18 | Yes, Trustees have reviewed guidance issued |
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| whether | the trustees | have | by the Charity Commission on public benefit. |
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| had regard to the guidance | |||||||
| issued b | the Chari |
| Additional | information | information | (optional) | (optional) | ||
|---|---|---|---|---|---|---|
| You ma choose to |
include | further statements | where relevant | about: | ||
| SORP reference | ||||||
| Para 1.38 | ||||||
| Policy on | grant making | |||||
| Para 1.38 | ||||||
| Policy on | social investment | |||||
| including | program | related | ||||
| investment | ||||||
| Para 1.38 | ||||||
| Contribution made |
by | |||||
| volunteers | ||||||
| Other |
| chieve | men | ts | and Per | formance | ||
|---|---|---|---|---|---|---|
| SORP reference | ||||||
| This year the charity remained consistent to |
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| carry out charitable activities based on the |
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| strong foundations established from previous |
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| Summary ofthe main achievefnents ofthe charity, identifying the difference the charity's work has made to the circumstances ofits beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | years. The team remained the same and the projects and initiatives remain the same. The charity continued to deliver donations for the intended causes ensuring high transparency by regularly sharing project media updates (i.e. results ofdonations) individually to project sponsors and to the public via 6social media |
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| platforms. | ||||||
| With the above, individuals and groups |
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| continued to set up online fundraising pages |
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| themselves for us to carry out charitable |
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| projects on their behalf. This resulting in |
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| multiple income streams without requiring |
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| extra fundraising resource from the charity. |
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| Similar to 2021,the charity matched the | ||||||
| income with similar level ofspending towards |
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| charitable projects. Utilising existing reliable |
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| implementing partners and robust governance |
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| policies and procedures, we continued to |
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| impact and serve more need eople. |
| The charity was able to educate many | more |
|---|---|
| people by providing essential literature |
and |
| places ofstudy/worship (i.e.Mosquesj |
across |
| the most needy oflocations. We were | able to |
| build many water wells to provide | |
| communities with clean and safe drinking |
|
| water sources, and we also established | tree |
| farms benefiting the needy and the | |
| environment. | |
| The governance policies were reviewed |
and |
| implemented to ensure procedures were |
|
| followed. Furthermore, efforts were made to |
|
| ensure staff and trustees took part in regular | |
| professional development to ensure |
|
| compliance and best working practices |
were |
| embedded in our work. |
|
| To increase efforts to ensure funds are | being |
| utilised for the intended purposes, the |
charity |
| continue to carry out random inspections using |
|
| independent monitoring officers to carry out |
|
| inspections ofcompleted projects and |
ensure |
| the are being used for intended ur oses. |
| Achievements against |
Para 1.41 |
|---|---|
| objectives set | |
| Performance offundraising activities against objectives |
Para 1.41 |
| set | |
| Investment performance |
Para 1.41 |
| against objectives | |
| Other |
| Financial | Financial | Review | Review | Review | Review | Review | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Review of | the charity's | Para 1.21 | The trustees are pleased with the results and | ||||||||
| financial | position | at | the | end | the current position ofthe organisation and |
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| ofthe period | feel the charity will be in a position to sustain | ||||||||||
| activities the followin ear. |
|||||||||||
| Statement | explaining | the | Para 1,22 | As the organisation has grown it has taken on |
|||||||
| policy for holding | reserves | more commitments in terms |
of projects, which | ||||||||
| stating why | they | are | held | means it is vital forthe charity to hold reserves | |||||||
| to compensate in the event |
ofany funding | ||||||||||
| shortfall. | |||||||||||
| The trustees have recognised |
the need to hold | ||||||||||
| sufficient reserve funds to allow the protection |
|||||||||||
| of core activities in the event |
of any income | ||||||||||
| shortfalls that could negatively impact long- |
|||||||||||
| term strategic programmes while also |
|||||||||||
| hindering essential projects. |
The reserve policy | ||||||||||
| ensures the | |||||||||||
| sustainability ofcharitable activities across |
|||||||||||
| various sectors. The trustees | aim to dispense | ||||||||||
| the funds within a 12month |
period of receiving | ||||||||||
| them. | |||||||||||
| Amount | of | reserves | held | Para 1.22 | |||||||
| Reasons | for | holding | zero | Para 1.22 | |||||||
| reserves | |||||||||||
| Details offund materially | in | Para 1,24 | |||||||||
| deficit | |||||||||||
| Explanation | ofany | Para 1.23 | |||||||||
| uncertainties | about the | ||||||||||
| charity continuing | as a going | ||||||||||
| concern | |||||||||||
| Additional | information | (optional) | |||||||||
| You ma | choose | to | include | further statements | where relevant about: |
| Similar tothe previous year, the charity's | ||||||
|---|---|---|---|---|---|---|
| principal source offunds have been from | ||||||
| The charity's principal sources offunds (including |
Para 1.47 | individual donors from the public through online means such as direct transfers into the |
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| any fundraising) | charity's account, website donations or |
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| through fundraising platforms such as |
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| JustGiving, | ||||||
| This year seen the increase ofindividuals | from | |||||
| the public using the JustGiving platform to set |
||||||
| up fundraising pages and raise funds for the |
||||||
| charity to deliver needy projects. | ||||||
| The charity does not get involved in any |
||||||
| investments or business ventures ofthe sort. |
||||||
| Investment policy and objectives including any |
Para 1.46 | Any donations that are received are used the projects that the charity operates. |
for | |||
| social investment | policy | |||||
| adopted |
| A description | ofthe principal |
|---|---|
| risks facing | the charity |
| Other |
| Structure, | Governa | nce | and Manag | ement | ||||
|---|---|---|---|---|---|---|---|---|
| Description | of charity's | |||||||
| trusts: | ||||||||
| Type ofgoverning document |
Para 1.25 | Constitution | ||||||
| How is the charity | Para 1.25 | Trust | ||||||
| constituted? | ||||||||
| Trustee selection methods | Para 1,25 | Elected | ||||||
| including details of any |
||||||||
| constitutional | provisions | e.g. | ||||||
| election to post or name | of | |||||||
| any person | or body entitled | |||||||
| to appoint one or more | ||||||||
| trustees | ||||||||
| Additional information |
(optional) | |||||||
| You ma choose to include further statements |
where relevant about: | |||||||
| A number of policies and procedures | created | in | ||||||
| Policies and | procedures | the previous year were reviewed to ensure | ||||||
| adopted for and training |
the induction oftrustees |
Para 1.51 | they remain fit for purpose, | |||||
| Some ofthese policies and procedures | ||||||||
| included a Trustees ongoing |
training | |||||||
| development plan, Trustee role and |
||||||||
| responsibilities, code ofconduct, conflict of |
||||||||
| interest policy, staff development plan, staff |
||||||||
| handbook and HR flowcharts. |
||||||||
| The charity's | organisational | Seeking Reward Foundation | is classed | as a | ||||
| structure and any wider |
small charity with volunteer | Trustees | and a | |||||
| network with which the charity works |
Para 1.51 | small paid team covering the roles of Project Manager, Project Support and Marketing |
||||||
| Assistant. | ||||||||
| This year the charity focused | on developing | the | ||||||
| relationships with existing implementing |
||||||||
| Relationship | with any | Para 1.51 | partners in various countries. |
The fruits of | ||||
| related parties | robust governance when selecting and |
|||||||
| onboarding partners became |
evident | as | ||||||
| charitable objectives continued to be |
met. | |||||||
| Other |
| ames | ofthe charity tr | ustees who manage |
the charity | |||
|---|---|---|---|---|---|---|
| Trustee name | ONce (Ifany) | Dates acted Ifnot for whole ear |
Name to a |
ofperson (or body) entitled oint trustee ifan |
||
| Mr Ballal Raza | ||||||
| Mr Asad Adrls | ||||||
| Mr Kleem Raza | Joined 22"" March 2022 | |||||
| 4 | ||||||
| 5 | ||||||
| 6 | ||||||
| 7 | ||||||
| 8 | ||||||
| 9 | ||||||
| 10 | ||||||
| 11 | ||||||
| 12 | ||||||
| 13 | ||||||
| 14 | ||||||
| 15 | ||||||
| 16 | ||||||
| 17 | ||||||
| 18 | ||||||
| 19 | ||||||
| 20 |
| Funds held as custodian | Funds held as custodian | trustees | on behalf ofothers |
|---|---|---|---|
| Description of the assets |
None | ||
| held in this capacity |
|||
| Name and objects ofthe | N/A | ||
| charity on whose behalf | the | ||
| assets are held and how | this | ||
| falls within the custodian | |||
| charity's objects | |||
| Details of arrangements | for | N/A | |
| safe custody and | |||
| segregation ofsuch assets |
|||
| from the charity's own |
|||
| assets |