Charlty number. 1153728 Seeklng Reward Foundatlon Report ofthe Trusteés and Unaudlted Flnanclal Statements For the year ended 31 D8c8mber 2023
SeeklrvJ Re#ard Foundation Contents Page Forlhe year eThJed 31 December 2023 Repxtoftho TrpAIp Indopwthnl Exam1r& Roport> th• T1• st•tsrrkntolFh•npal ALknits• stst•Thnt ol Po Nots* kn th• Hn•ndal St•lw)•rt• str•8 O•tslhd St4t•mBnt ol F0MrK¥ A¢0
Sèeking Réward Foundalion Report of the Trustees For the year ended 31 December 2023 Tho Tnth88 ha¥8 F4e88ura In pre8Wng thelr r•pprt and lkn finaal ststorn8nt8 for the ch8Dty for Ihe yoar •ndod 31 D&eérnbor 2023. The T85 havo 8doptsd the provi8ion• of Av>)unfjrto and Rèporbng by Ch8riti88.' Ststement of Reo)mmendad Praclic4 aPleal& ts chribo$ proparing their Bcwunts in 8ccord8rth vAth th8 Financlal Reporty Stsnd•rd apFcabla In th6 UK and tho RoPttbll¢ of Imland IFRS 102} leffectNe 1 January 20191. 08JE¢TIVE8 AND ACTivmE8 Obl¢ctlv•s and alm• Tho trusts88 h8vo con81d9r fv Ch•rfty Conwn1Un'1 wK1arK• on pUbC bonofft, induding lhg guhlgnc• 'publlc n¥fft.' nnlng * thrfty IPB21'. FINANCIAL REVIEW Golng con¢om Th• fin•ncia1 tstern8nts hBV8 baan prnp4r•d on tho GalN4 Concwn ba8 wil•8• it i• in•pproprioto to Prme that tho tharty wll continue Its •dlvll••. REFERENCE ANDADMIN18TRATIVE INFORMATION Nam• olcharfty Charfly r•gl•tr4tlon numbef Prfn¢lpal drI$ Sg?king R•w¥rd Fourthbon 1153728 Br•n•ton Court Br#non Strmt Blrmts4him 8188BA trts6kn08 4nd offtc•rn •erylng durfng yg•r th• y•4r •r W•M •ftllovA.' 8alll RKa AgAd Klggm R•z• Ind•p•nd•n¢ 0X1n•1 S69rn4 Chllthr•d thuntsnt8 882464 W8hwood H80th Ro•d Wo•trvtod H•ath Blmilnghom B8 2NG voved by 8o•rd of TrU0tO and d9r•don 41• b•h*lf by 23 Ocknber 2024 Kl•èm R• 1of9
Seeking Reward Foundation Independenl Examiners Report to the Trustees For the year ended 31 December 2023 l rnport to thè truths on my •xamination ofth• a¢o)unts oftho fortho y•ar Klod 31 D•c•mbor20fJ. Re$ponslblll¢le$ and ba$ls of rnport As the charity 51888. you arè ro£Kbn•bb for th• prora110 of th• #tsUn15 In acrdanc• tho r•quinmonls d th• Charil'88Actl)11 llhe X111 Acfl. I roport n Trw)eGt of my gxamintiort of Ihg ¢h¥rity'$ 8ctounlF c4rried out under $8¢tion 145 of the 2011 Act and in carrying out my 6xaminalon I hav8 bltow8d all thg 2ppkcab18 Oirgction8 V¢n by Ihe Charity commisOn urtsler Section 14g51(bl ol Ihe Aet Ind•pèndwt •xamln•rs atat•m•nt SirK8 the Charity8 gro89 incom8 8XC8eded £250,11. your examiner mjgt bè a membèr of a bJdy listsd in soetitin 145 of the 2011 Act. l nfifflI that l om 9tifed tr undertoko tha exanYnatKn by virtue of my mamhIP of , whrch is orts of the listsd bodie$. I hwe ¢omplgtsd my examination. l Mnfimi that no matters havo CO to my att8nliJn in conn8cl)n wrfh the exarnin8Uon gIg me ceu88 to b81i8V8 Ihat in any rnatsrial respBCt 1. acrountin9 r•o)rd$ werg not k•pt in rnspe¢t ofth¢ Charity 0$ raqwrgd by ¥o¢tion 130 ofthe 2011 Art or 2. the 8rUnts do not ar£ord wilh I18 record8', or 3. Ihg a¢xounts dg ngtcotndy the oppfr¥bkn rwuiroments g)ncwning Ihg fonn and content0f4unts sgt ou¢ in th8 Charities (Acuunts and Repots) Regulatio 2008 otsr Ihan any Trquirernintthatthe ac0)ts gi s1 fair•v1 wh¢h 1$ not a mattsr¢onsid&red as p#rtof In iftdepondent •xamlnatr¢n. I have no concams have ¢ome across no othar rrAtter8 in connection ith th8 eXarnition to wluch atttion 8hould be in Ihis roport in OTder ID en8& a proper underntsnding oftr* a¢¢ounts to b¢ 3th¢d. Jawaid Yakoob FCA184827071 Sigma Charter¢d ACntsnts 862-864 Wathwood Heath Road sIMwd Heath Birrninghm B8 2NG rJ October 2024 2of9
Seeking Reward Foundation Statement of Financial Actimties Forthe year ended 31 December 2023 Unrestrfcted lund Re•trt¢ted lund$ 2023 2022 Incorno and •ndowment• Irom: Dongtior and109¥d•• Total 55,281 64281 391,020 391.020 446,301 446JOI 461.911 461,911 Expendltur• on: Roln9 lund• 15231 149,7741 1602971 IS231 1416,9931 1417A161 15881 1454,1131 1464.7011 1367.2191 1367.2191 Total tnco 23.801 28,785 7,210 Re¢on¢lllatlon ol funds Total htnd$ broUghtf0rd T*xal fuDd• lorwawd 87,582 7,771 31,672 95,353 124,138 88,143 98A03 91066 3of9
Seeking Reward Foundation statement of Financial Position As al 31 December 2023 2023 2022 Curr•nt assets Cush at bank and in hand 1fJ.464 123884 674 94M79 Crndllom: amounts l•lllwi du• wlthln on• N•t cumnt asds 124.13 124.138 Total iMts lèss eufr4nt 114blllti 98Jfj3 124,131 Th• funds ofthe ¢h4rf¢y Restrictsd iOrne funds 31.sn 7,771 87,582 95,303 Unro•trfct•d Incomè lund• Tot1 lund• 124138 The firvJnci•l •tst•mgnl•Mir• •pprov•d •nd •uttKsrf•od for by 8Mrd nd on•d on h t•h•lfty'. Kjeem R12* Tru•ts• 23 O¢knt•r 2024 4019
Seeklng Reward Foundallon Notes to the Financial Statements Forthe year ended 31 December 2023 1. Accountlng Poll¢les Ba$ls of a¢IntIng finanaal ststsments hava b88n prep8r8d under tha hlstoric410)8t conv8nlon, extspt for Investmants are induded at m8rket valuo and th8 r8valuation of certain fixed a88ets and in actordance wEth thè Charib68 SORP IFRS 1021'A¢eounting and Rep)rtY ty Cha18.. Stat6montol Retr)rnmon¢d PCtiCe apleae to dritie$ prep#ring thelr acwunts in a¢wrdHnce with tho FInarla1 RepJting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffectiva 1 January 20191.. FirAnc481 Reporting Stsndard 102 th8 Finanoal Rapothg Standard aPIcable in the UK8nd R0NJb¥¢ ot Ireland (FR8 1021. aftd the Chayib0S A¢t2011. Seeknng Reward Foundation meats tha d8finition of a wbkc b8nefft entity undar FRS 102. Ats and1Sabllrtl8s are iNtiilly rorAgni8ed athlstorlcal ts)storts¥nsaetion valuo uths 0[188 stated in th8 r81evantacwJntiroJ policy rtr)telsl. Golng nCeM The financial ststem8nts havo teen preparBd on ts &ing Conc4m b88 unk988 it is inapwopTiats to pre8unw th8t th8 ¢harity will o)ntinu¢ its aGtwtie& Change In accountlng polky 2. Ineorne fml donaUon$ and legac Unrostrf¢t funds Restrfcted funds 2023 2022 DonolJ"on$ recived 55,281 391.20 461,911 54281 391,020 446,301 461,911 J. Costs of ¢harttalle a¢tlvIll byfund ty Unrestrfct funds 2023 2022 fvnds 2,981 46,793 367,219 370,200 48,793 412,967 41.146 Supwrt Costs 49.774 367.218 418.993 464113 4. Costs olchorttable a¢tlvlUeg by a¢tlvttytype Actlvbtle5 undertaken dlrecuy Support costs 2023 2022 Support coats Projects Costs 370,2CKI 46.793 416,993 454,113 Sof9
Seeking Reward Foundalion Ncrtes to tr Financial Statements Continued For the year ended 31 Decemb8r 2023 S. Analysls of support costs 2022 Piole¢t$ Costs St2ff qeslRe8owcing 41638 ,074 1,048 2.024 1828 46.793 41.146 6. PartlcuK4rs oleryd0 2023 2022 Athinistrathon 7. Comparatlve )rtht akn•rt OfFInaral Adlvs restrf¢ted Restrfthd nd$ lund$ 2022 Dor¢frry4 •nd140ode$ Total 481.911 461.911 397 Expend5tur• on: Raisr¥J fvrKis 15881 1454,1131 14547011 (44. 145.39$1 (4098) 1409,3061 Total N4t In¢onl•xpendllurè RecCtI[lIOn olfunds Totsl fvnd$ brOahtl0rW4 Total lunds unled forward {11,4811 7.210 68.914 87.W 192YJ 7,ri• B8,143 95.353 8of9
SaekiThJ Reward Foundation Ncrtes lo the Financial Statements Continued For the year ended 31 December 2023 8. Mov4m•nt In fvnds Unrerkted Fund• 84ance at 011011202J Incn9 Outgolng rnbourc•s 84lance at 3111212023 68ner•l Gemrnl 55,281 150,2971 17,682 SS.281 110.2971 92,566 Unrn•trfthd Fund•- Prvlou• Bknhc• 01K112022 Balan¢• t r••ourcM 3111¥2022 Gonorol G•ner•l 88.914 {4S.39SI 014 146.3161 87,582 Purpom of unr••trtd•d Fund• G•n•rnl Th•w knd••r• rnc•lwd by SI•4 RthThrd Fouxl8tiDn TAithno p•itiuthr wDlwDnc••¥w•wod by don¢xs. R••¢rtctsd Funds ¢golng 84l•nc• at 31n%2023 01h1112023 R•fi¢t•d 7.n1 391.020 P67.2191 31,sn 7,771 J91.020 1367.21•) 31,572 R•strl¢t•d Furtd*- Prevlw• >wJr Balancè at 3111W2022 01K+ird022 19. 397.848 1409.3061 7,771 19,229 397.8 1409AO61 7.771 7of9
S&8king Reward Foundatlon Notes to the Financlal Statements Contlnued For the year ended 31 December 2023 Purwe of restrfe¢ed lund$ Re&rf¢tsd T1 fvnd8 ara rac•fvod by 8•oklrvJ Reward Foundalton V+ith port¢ular yoforonc èxprtsd by donor& 8of9
Seeknryj Rgyard Foundatton Detailed Stat8ment of Financial Aclivities For the year eThJed 31 December 2023 2023 2022 INCOME AND ENtrf)IYMENT Dona¢lons abMI l0ga¢les 10,058 45,222 153.493 91.C¢O 8.511 1,n7 136,220 12,047 52,016 106.73S 77.421 4,247 2,579 Adrrun Fund (SUprt SRFI Watsr Prni8cts Qwan Projects Mo4u8 Proiacts 461.911 Total IrKomlng rnsoure•s EXPENtMTURE Ralslng donal5 nd lÈg#cles 446A01 461.911 14381 11501 Equipnwnt Printirg. Postsp Stationpry IsrJi 15231 c1table a¢tlvtNes IAtsr Projects Qurnn Projerts {140,4481 (98.1321 17.2221 14,1411 {117.276} 119811 1109,117 174.7851 14.3101 19,557 1211.5571 13,6811 Treè Pr¢p¢ oswa Projects 13702 1412J67) SUPPORTCOSTS staff WageslResourclng Staff costs. wage$ & 8okiies 142,6361 138.074 1416381 138M741 11,329) 11,048) 11,329} 11,0481 Goveman¢e ¢osts 11201 18401 170 AccoLMtaY f$ 840) 11241 CongJltarMI 88nk CtrAryes 18781 118211 110241 Total réstyjrces èxpEnded 1417.5181 1464,7011 Net In¢om• 7.210 9of9 This pago do F4rtofth• 8latrJknry ffirnrnyal sfabrrmts
CHARITY COMMISSION FOR ENGLAND AND WALES Trustses. Annual Report for the period From 1st January 2023 To 31st December 2023 Charity name: Seeklng Reward Foundatlon Charlty reglstratlon number: 1153728 Objectives and Actlvltles SORP re Pw8 1.17 Summary of the purposes of the charity as sel out in its goveming document To advance the Islamic falth in such ways as the Trustees shall see flt, in particular but not limited to carrying out community projects lor the Welfa of the community such as providing religious and other lIteratu. feeding orphan5 and establishing waterwells Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activilies, projects or services identified in the accounts. Pwa 1.17 8rMI 1.19 The educational initiatlves provlde individuals. communltles or organisations with materials and resources to educate society in understandSng Islam. These are in the form5 of providing books, Qurfans or online resources under the initiatives of'Knowledge' and 'Quran' proJect5. By providing sources of clean and safe drlnklng water under the'water Projects, initiative. communities Inon.Musllm and Muslim alike) can prosper in their development and health. Communities with clean water are able to function better individually as well as a soclety as It provides them with the essentials to life. Planting tree5 under the Trees Project, has allowed needy communities the opportunbty to not only benefft from the fruits individualty but also to provide them with an Income stream to support them from the medlum to long temi. Finally. under the 'Mosque5 Project, bulldin8 communlty hubs such as a mosque has allowed communitles to have a central point to congreEate and a medium to develop thelr spiritual needs in a communal gathering. Statemènt confinning whether the trustees have had regard to the guldance issued b the Chari Para 1.18 Yes. Trustees have reviewed gyldance issued by the Charlty Commission on public benefit.
Commission on public benefrt AddEtlonal Informatlon loptlonal) You ma choose to include further statements where relevant about.. SORP pferen¢o Para 1.38 Policy on grant making ParA 1.38 Pollcy on social Investrnent Including program related Investment Parn 1.38 ContrSbutlon made by volunteer8 Other Achievements and Performance RP refèr• Once agaln. the key achlevement thls year was the charlty remalnlng conslstent to carry out charltable actlvltles based on the strong foundations establSshed from prevlous years. The staff team remalned the same In terms of hours and roles. The improvement was ensurlng the team and Trustee were Invofved In professlonal development. The prolects and Inltlatlves remaln the same. The charltv contlnued to delNer donations for the Intended causes ensuring hiBh transparency bv regularly sharlng project media updates li.e. results of donations) indlvldually to prolect sponsors and to the public via multiple social medla platforms. Also, independent Inspections re8ularly carrled to monltor end Use of fund5. Summary ofthe maln achievements of the charty, identifying the dlfference the charity's work has made to the circumstances of ils beneficiaries and any wider benefffts to soclety as a whole. P•r• 1.20 Indlvlduals and groups contlnued to set up online fundrai51n8 pages themselves for us to carry out charitable projects on their behalf. Thi5 resulting in multiple income stream5 without requirlng extra fundralslng resource from the charity.
11 Similar to 2022, the charity matched the income with similar level of spendin8 towards charitable projects. Utilising existing reliable Implementing partners and robust governance policies and Produres. we continued to impact and serve more needy people. The charlty was able to educate many more people by providing essentlal literature and places of studylworshlp11.e. M05quesl ocross the most needy of locatlons. We were able to bulld many water wells to provlde communltles wlth clean and safe drinking water sources, and we also maSntalned existln8 tree farms and planted new trees benefttlng the needy and the environment. The governance pollcles were arted upon and cross checked to ensure procedures were followed. Staff, Trustee5 and volunteer professlonal development allowed to ensure compllance and best worklng practlces were embedded In ourwork. To In¢4$e efforts to ensure funds are belng utlllsed for the intended purposes, the charlty contlnued to ensure partners understood e¥pectatlons and provlded documentatlon and medla foota8e, whlch Is scnitlnlsed by our team who revlew medla. Addltlonal Infomiatlon (optlonal) You ma choose to include further st8temants where relevant about.. Achievements agalnst oblectives set Para 1.41 Performance of fundralslng activities against objectives set P•r8 1.41 Investment performance against ot4ectiv8s P•ra 1.41 Other
Financial Review Review of the chaiity's financial posbtion at the end of the period Para 1.21 The trustees are pleased with the SUItS and the Cur nt posf(ion of the organisatlon and feel the charlty wlll lje in a posltlon to sustain 8ctivitles the followin ar. It is vital for the charlty to hold reseryes to compensate in the event of any fundl shortfall. Statement explaining the policy for holding reserves stating why they are held Despite shortFalls never occurring in the history of the charlty. the tn15tees have recognised the need to hold sufficient reserve funds to allow the protecilon of core activities in the event of any Income shortfalls ihat could negatNely impact long-temi strategic programmes while also hindering essential projects. The reserve policy en5ure5 the sustainability of charltable artivilie5 across various sectors. The trustees aim to dispense the funds within a 12month period of receiving them. Amount of reseNes held Reasons for holding zero reseeS Details of fund materially in deficit Explanation of any uncertainties aboul the charity continuing as a going concem Para 1.22 Para l.T2 Paro 1.24 P• l.rJ Addltional Infomiatlon (opt5onal> You ma choose to include further statements where relevant about: Similar to the previous year, the charlS principal sourte of funds have been from individual donors through online means suth a5 direct transfers Into the ¢harIt$ account, website donations or through fundraising platform5 such as JustGiving. The charity's prtncipal sources of funds (including any fundraising) P4ra 1.47 There have been zero cash deposlts or public fundraising collections or grants. The charity doe5 IKIt get Involved in any investments or buslness ventures of the sort. Any donation5 that are CeIved are used for the projects that the charfty operates. Investment policy and objectivés induding any social investment policy adopted Para 1.46 A description of the principal risks facing the charity P8M 1.48
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Structure. Governance and Management Dèscription of eharity's trusts.. Type of goveming document Para 1.25 Constitulion How is the charlty constituted7 Parg 1.25 Trust Trustee selection methods including details of any constitutional provislons e.0. election to post or name of any person or body entitled to appoint one or more trustees P¥r• 1.25 Electad AddStlonal Informatlon loptlonall You ma choose to include further statements where relevant about.. A number of policles and procedure5 created In the prevlous year were revlewed to ensure they remaln flt for purpose. Policies and procedur8S adopted for the induction and training of trustee8 Parn 1.61 Some of these pollcles and procedures Included a Trustees ongolng tralnln8 development plan, Trustee role and re5pon51bllltles, code of condurt, confllrt of Interest pollcy, staff development plan, staff handbook and HR flowcharts. The charity's organisational structure and 8ny wider nelwork vAth whlch the charlty works Seeklng Reward Foundatlon Is classed as small charlty wlth volunteer Trustees and small pald team coverlng the roles of Proje¢t M3na8er, Proleet Support and Marketln8 Ass15tant. Thls year the charity continued to focus on developln8 the relatlonship5 with exlstSn8 small number of SmplementSng partners In varlous countrles. The frults of robust governance when 5electlng and onboardln8 partners became evldent as charltable oblectlves contlnued to be met. P•M 1.s1 Relatlonshlp wlth any related partles Parn 1.51 Other Reference and Admlnlstratlve detall8 Chari name Other name the chari uses istered chari number Seekin Reward Foundation 1153728
Charity's prfnclpal address Bran5ton CourL Branston StreeL BIm)Iam. 818 6BA
Names of the charlty Irustses who manage the charlty Dale8 actsd Knot forwhol oar Trust•• nam• Office Ilf any) Namè of por#on lor body) entlded olnt In1?• Ifa Mr Ballal Raza Mr Asad Adris Mr Kleem Raza 10 11 12 13 14 15 16 17 18 19 20 Cor orate Irustee8- names of the dlrectors at the date th8 re Dlr•ctor nam• ortwasa rovad Name of truslees holdlng tllle to propety belonglng to the charity Tru•ts• n•m• OateB acted11 not for whol•
Funds held as custodian trustees on behalf of others Description of thé assets None held in this capaaty and objects of the charity on whose behalf the assets are held and how this falls wthin the custodian charity's objects NIA Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Addltlonal Infomiation (optional> Names and addresses of advisers (Optlonal Infomialion) Type of Name Address advlser Name of chlef executlve or names of senior staff members {Optlonal Infomiatlon Exemptions from disclosure Reason for norkdlsclosure of ke ersonnel detsils Other o tional infonnation
Declarations The trustees declare that they have approved the trustaes, report above. Slgned on behalf of the charity's trustses Slgnature{s) Full name{sl Posltlon leg Secretary, Chalr. etcl Kleem Raza Chair 2311012024