## |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| |governing||document|||||limited to carrying out community
projects for| ||||||||the welfare ofthe community
such as| ||||||||providing
religious and other literature,
feeding| ||||||||orphans
and establishing
water wells| |Summary
activities||ofthe main
in relation to those||||Para 1.17and
1.19|The educational
initiatives
provide individuals,
communities
or organisations
with materials| |purposes||for the public|||||and resources to educate society in| |benefit,|in particular,|||the|||understanding
islam. These are in the forms of| |activities, projects or
services identified
in
accounts.||||the|||providing
books, Qur'ans or online resources
under the initiatives of'Knowledge'
and
'Quran'
projects.| ||||||||By providing
sources ofclean and safe drinking| ||||||||water under the 'Water Projects' initiative,| ||||||||communities
(non-Muslim
and Muslim alike)| ||||||||can prosper
in their development
and health.| ||||||||Communities
with clean water are able to| ||||||||function better individually
as well as a society| ||||||||as it provides them with the essentials to life.| ||||||||Planting trees under the 'Trees Project' has| ||||||||allowed
needy communities
the opportunity
to| ||||||||not only benefit from the fruits individually
but| ||||||||also to provide them with an income stream to| ||||||||support them from the medium to long term,| ||||||||Finally, under the 'Mosques
Project' building| ||||||||community
hubs such as a mosque
has allowed| ||||||||communities
to have a central point to| ||||||||congregate
and a medium to develop their| ||||||||spiritual
needs
in a communal
gathering.| |Statement||confirming||||Para 1.18|Yes, Trustees have reviewed
guidance
issued| |whether|the trustees|||have|||by the Charity Commission
on public benefit.| |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|| ||||||carry out charitable
activities based on the|| ||||||strong foundations
established
from previous|| |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|| ||||||platforms.|| ||||||With the above, individuals
and groups|| ||||||continued
to set up online fundraising
pages|| ||||||themselves
for us to carry out charitable|| ||||||projects on their behalf. This resulting
in|| ||||||multiple
income streams without
requiring|| ||||||extra fundraising
resource from the charity.|| ||||||Similar to 2021,the charity matched the|| ||||||income with similar level ofspending
towards|| ||||||charitable
projects. Utilising existing reliable|| ||||||implementing
partners
and robust governance|| ||||||policies and procedures,
we continued to|| ||||||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|| |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|| |any fundraising)|||||charity's account, website donations
or|| ||||||through
fundraising
platforms
such as|| ||||||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|||| ## ## ## ##