Charity number. 1153728 Seeking Reward Foundation Report of Ihe Trustees and Unaudlted Financlal Statements For the year ended 31 December 2024
Seeklng Reward Foundation Contents Page For the year ended 31 December 2024 Report of the Tntslees kndependent Examlneffs Report to thè Trustees ststement of Flnancial ActivStlo$ Statement of Flnanclal Posltlon Notes io the Financl81 Staiements Sto9 D8talled Statement of Flnanclal Actlvlll89 10
Seeking Reward Foundation Report of the Trustees For the year ended 31 December 2024 The TnAtees have pleasure in wesentlng thetr rwt and ts flnarthl tenwls for the chaiity for Ihe year ended 31 Dmber 2024. The Trustses hav8 adopted Ihe provisions of ArXnting and Rep(xtirwJ by Charitles.. Slaiement of Rocommended Practice applkable to charftles preparlroJ their accounts h aCrdar the Flnanual Repcttng Standard apIrAble In ts UK arKI thÈ Republlc of Irdand (FRS 1W2) (affectbm 1 Janwy 2019). OBJECTNES AND ACTMTIES ObJ•clIv and alms The Intstoes have considerad ts Charity CMis1¢ 9jfvjan on puboc berf induding the guldanca 'public benofft: running a charfty (P82)'. FINANCIAL REVIEW Going concam The financial statements have been prepared on Ihe GolrrfJ basls waess li Is Inappn¥rfale lo Fwesume Ihal the charity wll conllnua Ils actviitlos. REFERENCE AND ADMINISTRATIVE INFORMATION Name ol Charlty Charlty rog15tratkin number Principal addrèss 1153728 Branst(m Court Branston Street B1868A Trnslees The lr8teeS and OffilS sep41ng dun9 ts year and 81nr2 the year end %re as lolknw&" B8W Raz8 As•J Adr Ka0M Raza IDd¢pomlent oxarnlners 862-864 wash4 Hoath Road B8 2NG Approvod by the Board of TNslees and SJrd on its behalf ty Kleem Raza 08 Ortober 2025 Kaleom Raza 1of10
Seeking Reward Foundation Independent Examiners Report to the Trustees For the year ended 31 December 2024 I report lo the twstecs on my examination of tho accounts ol the charity for the year onded 31 December 2024. Responslbllltles and ba55s of report As the charily Iruslces, you are responsiblo for the preparation of the accounts in accordanco with Ihp requiremenls nl the Charitiès Act 2011 I'lhe 2011 Acl'l. I roport In rospecl of my examinatlon of tho charity's accounts carrfed out undor socllon 145 of tho 2011 Act and in carrylng out my examination I have followed all Ihe applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Independent examlners Statement Since the Charily's gfOSS incomo exceeded £250.000. your examlner musl be a member of a body lisled in section 145 ol the 2011 Act. I confirm that l am qualified lo undcrtako Ihc oxamin8tion by virtuo of my memborship of whlch is ono of tho IislEtrd bndifts. I have completed my examination. I confirm Ihal no mattHrs hav8 comft lo my att8nlion in connaclion with th(> examination iving ma cause lo believe Ihat in any material r95P8cI: 1. accounting rocords wore not kopl in rospocl of tho Charity as roquirod by section 130 of Ihc 2011 Act., or 2. tho ¢iccounls do not accord with Ihoso rccords., or 3. the Account8 do not comply with tho applic(Ible rftquiremgnls Conc[nIng the lomi and ronlftnl ol HGrniinl$ 8rsl oul in Ihe Charilios (Accounts and Reports) Regulations 2008 other than any roquirement thal Ihe accounts give a 'lruo and lair view, whlch14 not a niallar consSdered a91 part of an indepfind8nl 8xaminallnn. I h8vo no concofns and havo como acr055 no othor mattors Sn connocllon wllh tho oxamlnalion to which altonllon should bo drawn In Ihls report in ordor lo onable a propor undorslandlng of tho accounts lo bo roachod. Jawaid Yakoob FCA18462707) C.hartero(t Ac.rountanl 1562-864 Wsjshwood Hoalh Road Washwood Hoalh 8irmingham B8 2NG 08 Oclobor ?.02.5 2of10
Seeking Reward Foundation ststement of Financial Activities For the year ended 31 December 2024 21r24 2023 nd¥ fvnd8 lTrcom• and ondowmonts frort" t)onations and legleS 85.095 444.800 509.695 416.301 6S095 509.695 446.301 ExPendIre on: Ralslng funds Charllablo acllvllles 1523) (416.993) 1417.516) (46.97S) (W7¥ (414,734) {414,734) 461,709) 1461,709) Total Nol Incomo 18,120 47.986 28.785 Reconclllatlon of fun( Total funds brought forwa Total lunds caThled forward 92.566 110.686 31.572 61,438 124.138 95.353 124.138 172.124 3of10
Seeklng Reward FourKlation Statement of Financial Position As at 31 December 2024 Notes 2024 2023 Current Mgèts Cash at bank and In hand 171.450 171N50 674 123,464 123N64 674 Credltorn: amounts falllng due wllhln ono year 10 Nat cuThent M•ots 171124 172.124 124.138 124,138 Total asot l•#• ¢urr•nt Ilabllltl•8 172,124 124.138 Th• funds of the charlty Re5trfctsd Incorne fund8 Unra8lrtcled Income fund8 11 61.438 110.686 31.572 11 Totsl fvnd¥ 172,124 124,138 The ftnanclgl Btalernonts were approvad and authorlsod for166ue by Ihe Board and $lBned on Its behalf by: Kleem Raza K8lèém Raza Trust6Q 08 October 2025 4of10
Seeking Reward Foundation Notes to the Financial Statements For the year ended 310ecember 2024 1. Accounllng Pollclos B•81• of K¢¢untlng The finondol statements have been prepared undor the hlstorlcal u)st convembn. expt tsr investmonts which are Included al market value and the rwdluatlon of certatn fixfAI assets and In accordarth w]th th& Charltles SORP IFRS 1021'Accounllng and Reporting by Chle8. Staiernent of Recx>mm8ndod Pra(( applicat4e to chaiitbs preparing thelr accounts In accordance wlth the Ftnanclal Reportlng Standard appllcabla In Iha UK and Republlc of Ireland (FRS 102) leffoctivo 1 January 2019).. Flnanc4al ReplIng Slandard 102 tho Financial Rtsport Standard aPp1Kab in thc UK and Republlc ol Ireland (FRS 102). and the Charibgs Act 2011. Seeklng Reward Foundallon meets the definltlon of a publlc benefft enw urNler FRS 102. As8ets and IE8bS1St18s are Initially recognised al hislorical L7)81 or Iransacbon valu8 unless olhafWiSO slated in tha rèlovant accounting policy note{8). Golng ¢oncom Tho Itn8nd81 $talem8nts have bowb prepared the Golry Concern bath unle88 Itls Inapworxlate lo prnsume that the drIty wlll continue Its actlvwes. Chango lft accountlng polley 2. Ineaffl• fram donatlom nd l•geh* Unmtslclad fund• Rutrl¢lod nd• 2024 2023 Donations rec4ivod $09,695 446.301 65.095 444,600 509.695 446.301 3. Exp•ndltur• on g•n•rnllng donatlom and lty•cl•• 2024 2023 DonAlk)n8 23 523 4. cts of eharltabh actlvldos by fund typ• Unmtri¢t•d fidI RMtri¢t•d funds 2024 2023 Pfoiocts Costs Support Costs 414,734 414.734 46.975 370,200 46.793 46.975 46.975 414,n4 461,709 410,993 Sof10
Seeking Reward Foundation Notes to the Financial Ststements Continued For the year ended 31 December 2024 . Costs of charttable acthiltles by actlvlty type Actfvftlo4 undertaken dlrectly Support costs 2024 2023 Support Costs Projects Costs 414,n4 46.975 461.709 416,993 6. Analysls of support co8t8 2024 2023 Prolo¢ts Costs Stsff WageslResourclng 43,277 42,636 1,452 2.246 1,329 ?..828 Govemance costs 46.975 46,793 7. Not Incom(8xp0nd1Iur0) for the yoar Thls Is stated oflgr ChargIn(CredIt[ng). 2024 2023 Accountancy fees 874 840 8. Staff costs and omolumvnts Total staff costs for ihe ye8r ended 31 December 2024 were.. 2024 2023 Salaries and wages 43.277 42,636 43.277 42,636 2024 2023 Admlnlgtratlon 6of10
Seeking Reward Foundation Notes to the Financial Statements Continued For the year ermjed 31 December 2024 9. Comparntlvo for th• Ststament ol Flnanctsl Actmt Unr•strlcted fvndB Ro8tri¢t&d funds 2023 Income and endowments from: Donallons and lOgaS Totsl 55.281 391,020 391.020 446.301 446.301 EXpondIre on: Raising furKIs Ch8rf18ble actlvities Total (523) (49.7741 1503971 1523) 1416.993) (417,516) (367.219) 1367.219) Not Income 4,984 23.801 28.785 R6conclllatlon of funds Total funds brwght loard Total funds ¢arTled lorward 87.582 7.771 95.353 31.572 124.138 10. Credltor8: amount8 falllng duo wlthln on• year 2024 2023 Olhor crndtors 1674) (674) 1674) {674) 11. Movement th fund8 Unrestrlctsd Funds BalaTr at Incornlng 01M1r2024 ro•ourc68 Outgolng r•8ourc&8 8alanco at 3111W2024 Gene1 General 65.095 {46.97S) 110,686 65,095 (46,975) 110.6B6 Unrestrlcted Fund8- Pravlou8 year Balance at In¢omlng 01101r21123 vosources Outyoing rèBourco8 BalanG• at 3111Z?023 Goner81 General 87.582 55.281 (50,297) 92.566 $5,281 {$0,297 92.566 7of10
Seeking Reward Foundatlon Notes to the Financial Statements Continued For the year erKled 31 December 2024 purpo of unr•8trkt Fund8 Gonaral Th886 funds aro 1Ved ty Seoldng Raward Foundallon TAIth no portli¥Jar wafarnnca expressed by donors. RtrIctd Fund• Inc¢)mlng Outgolng v••ourcoA Balanco at 3111212024 01101r2024 R68trf¢ted 31.512 (414,7341 61,438 31.512 444,600 1414.734) 61.438 Re•trlctod Fund• - Prnvlou• ye•r Balanco al 0110112023 Incomlng Oulgolng r••our¢•g B•lanGO at 3111212023 Restrfcted 7.771 391,020 (367,?19> 31.572 7.771 391,020 {367.219) 31.672 Purpo•• of ro•trktsd fund• R69tdcled Those fund¥ aro rocelved by Seeklng Reward Foundakn wtth partlar wefergnce oxwe8sod by donorn. 12. Analysls of net ss•ts ts•iwn fund• Not A•t8 a8s•ts I (liabllhlo•) Unro•trlcted fvfid• Gonor81 General 110.688 110.686 R•strlctod funds Restrf8d 61.438 81,438 172,124 172,124 8of10
Seeking Reward Foundation Notes to the Financial Ststements Continued For the year ended 31 December 2024 Provlous year Net ¢urrnnt a8SOt8 1 {11obllhle#) N•t Ats Unrnstrfcted fund8 Genernl Genernl 92,586 92.566 Roatrlctsd fund• Restrlcted 31,512 31,572 124,138 124,138 gof10
Seeking Reward Foundation Detailed Statement of Finanual Activities For the year ended 31 December 2024 2024 2023 INCOME AND ENDoY1iKr Donatlons and legaclas Where M05t Needed Admin Fund (Supwt SRF) Water Projects Quran Projects Knowledge Projects Tree Projects Mosque Projects 10,n511 45.222 153.493 91.060 8,511 1,737 136,220 56,307 156,797 65.169 5,714 2.178 214.742 509.695 446,301 Total tncomlng r•sourc8# $09.695 446,301 EXPENDITURE Ralslng donation¥ and Iggaci Printin9. Poslage and Stationery ($231 1523) Charftablg adiviti•A Water Projects Quran Prole¢ts l(rM)wledge Projects Tree ProjeGIs Mosque ProAe¢ts Whore M05t Needed (149,237) {65.4251 (7,074) (3.577) (189.421} (140.448) (98,13?.) (7,222) (4,1411 (117.216) (2.981) 1414,734) (370200) SUPPORTCOSTS Staff WagosR¢$ourcing staff costs. wages & salaries (43,2TI) {42.&36) {43,277) {42,6361 (1,452) (1.329) (1,329) Governance cost$ Governance costs Accountancy fa6s Olher office costs Bank Charg8S PrnfeSsIal fees (240) (874) (807) <8401 11241 (1,0571 (1.065) (67) 12,246) 11828) Total règourcos expanded (461.709) 1417,5161 Net Incorne 47,986 28.785 10of10 Thls page does not *xm part of the s1atsrt finan¢Eal slatements
Slgnature: Emall; contsct@seekingreward.org KIErty kar4lOct24,202S1&.41ffifTrMTt
CHARITY COMMISSION FOR ENGLANO AND WALES Trustees, Annual Report for the perlod From 1st January 2024 To 31st December 2024 Charlty name= Seeklng Reward Foundatlon Charfty reglstratlon number: 1153728 Objectives and Activities Summary of the purposes of the charlty as set out In Its govemlng document Parn 1.17 To advance the Islamic faith In such ways as the Trustees shall see fit, in particular but not limlted to carrylng out cornmunlty projects for the welfare of the community such as providlng religious and other literature, feeding orphans and establlshing water wells Summary of the main actlvlties In relatlon to those purposes for the public benefit, in particular, th8 actlvities, projects or services Identlfled In tha accounts. P8rn1.17 and 1.19 The educational Initiatlves provlde indlvlduals, communltles or organlsatSons wlth materlals and resources to educate society in understandin8 Islam. These are In the forms of provldlng books, Qurfans or onllne resources under the inltiatlves of 'KrK)wledge' and 'Quran' projects. By provlding sources of clean and safe drlnking water under the Water Projects, Initlative. communltles (non-muslirn and Musllm alike) can prosper In thelr developrnent and health. Communities wrth clean water are able to function better Indivldually as well as a soclety as it provides them with the essentials to life. Plantlng trees under the Tree5 Projecv has allowed needy communltles the opportunlty to not only benefit from the fruits Indlvldually but also to provide them with an incorne strearn to support them from the medium to lonp. term. Finally, under the 'Mosques Projecv building community hub5 Such as a rnosque has allowed communities to have a central point to congregate and a medium to develop their spiritual needs in a communal gatherin8. Statement confirrning whether Ihe trustees have had regard to the guidance issued b the Chari Para 1.18 Yes. Trustees have reviewed guidance issued by the Charity Commission on publlc benefft.
Commission on public benefit Addltlonal Information (optlonal) You ma choose to include further statements where relevant about: P8r8 1.38 Policy on grant making Parn 1.38 Policy on social investment including program related investment Par8 1J8 Contribution made ty volunteers Other Achievements and Perforniance The charity has remalned consistent to previous years by carrying out the same types of projectsfinitiatlves and Impacting beneficiaries positrvely. Summary ofthe main achievements of the chartty, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. P8rn 120 There was no change in the staff team. hours, positions and roles remained the same. Trustees also remained the same. However. the stsff and Trustees were involved in regular professional development to ensure progression in line wlth Industry standards. This induded benefftting from a number of workshops. webinars and guldance articles produced by the Charities Commission. The charity contlnued to deliver donation5 for the Intended causes ensurlng high transparency by regularly sharing project media updates (i.e. showing end use of funds) individually to project sponsors and to the public via multlple social media platforms. Also. Independent rnonltorlng inspections continued throughout the year across multiple partners and countries to monitor end use of
funds and ensure they have been delivered for the intended purpose along with seeing how the beneficiaries have been positively impacted and Increase the longevity of the projects. Indivlduals and groups continued to set up onllne fundraislng pages themselves for us to carry out charftable projects on their behalf. This resulting in multiple income streams without requiring extra fundraising resource from the charity. All of the income was via direct bank trnnsfers. fvndraising pages and monthly direct debits. with zero cash donations. Similarto 2023, the charity matched the income wlth slmilar level of spending towards tharitable projects. Utlllslng existing rellable implementing partners and robust governance policies and procedures, we continued to impact and seThe more needy people. The charty was able to educate many more people by providlng essential literature and places of study/worship {i.e. Mosques) across the most needy of locations. We were able to build many waterwells to provide communities with clean and safe drlnking water sources, and we also maintsined existing tree farms and planted new trees benefrtlng the needy and the environment. The governance policies vRre acted upon and cross checked to ensure ProdUreS were followed. Staff, Trustees and volunteer professional development allowed to ensure compliance and best working practices were embedded in ourwork. To increase efforts to ensure funds are belng utilised for the intended purposes, the charity continued to ensure partners understood expectations and provlded documentation and media footage, which Is scrutinised by our team who review media. Additional InfomHtlon (optional) You ma choose to include further staternents where relevant abouL' Achievements against objectives set Parn 1.41
Perfortnance of fundraislng activities againsl objectives set Para 1.41 Investment performance agalnst objectives Para 1.41 other Flnancial Revlew Revlew of th8 charlty's financial position at the end of the period Parn 1.21 The trustees are pleased with the results and the current posltlon of the organlsatlon and feel the charlty wlll be In a posltlon to sustaln actlvltles the followln ear. It Is vltal for the charlty to hold reserves to compensate In the event of any fundlng shortfall. Statement explaining the policy for holding reserves statlng why they are held Parn 1.22 Desplte shortfalls never occurrlng In the hlstory of the charlty, the trustees have recognised the need to hold sufflclent reserve funds to allow the protectlon of core actlvStles In the ovent of any Income shortfalls that could negatlvely Impact long-term strateglc programmes whlle also hlnderlng essentlal projects. The reserve pollcy ensures the sustalnablllty of charStable actlvltles acr05S varlous sectors. The trustees alm to dispe.nse the funds within a 12month period of recelvlng them. Amount of reserves held Reasons for holdlng zero reserves Detalls of fund malerfally In deflclt Explanation of any uncertaintles about the charity contlnulng as a golng concern Pala 1.22 Pgra 1.22 Para 1.24 Para 1.23 Addltlonal Infonnatlon (optional) You ma choose to include further statements where levant about: Simllar to the previous year, the charity's prlnclpal source of funds have been from Individual donors through online means such as dlrett transfers into the charltvs account, website donations or through fundraisin platforms such as JustGlving. The charity's principal sources of funds (Including any fundralsing) Parn 1.47
There have been zero cash deposits or public fundralslng cash collections or grants. The charlty does not get Involved In any investments or business ventures of the sort. Any donatlons that are received are used for the projects that the charity operates. Investment pollcy and objectives includlng any social investment pollcy adopted Pgro 1.46 A description of the prlnapal risks facing Ihe charlty Pw• 1.46 Other
structure, Governance and Management Description of charfty's trusts: Type of goveming document Para 1.25 How is the charity constituted? Para 125 Trust Trustee selection methods 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 1.25 Elected Additional information (optlonal) You ma choose to include further statements where relevant about: The team contlnued to reviewed and act upon the polides to ensure they remain frt for purpose. Policles and procedures adopted for the induction and training of trustees Pwa 1.51 Some of these policies and procedures included a Trustees ongoing training development plan, Trustee role and responsibS1ities. code of conduct. conflict of interest policy. staff development plan, staff handbook and HR flowcharts. There were not any resignation of Trustees in this period or new Trustees added. The charity's organisational structure and any wider network with which the charity works Seeking Reward Foundation is classed as a small charity with volunteer Trustees and a small paid team covering the roles of Project Manager. Projert Support and Marketing Assistant. This year the charity continued to focus on developlng the relatlonship5 With existing small number of implementing partners in various countries. The fruits of robust governance when selectin8 and onboarding partners became evldent as charltsble objectives continued to be met. PaA 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative detsils Chari name Other name the chari uses Registered charity number Seekin Reward Foundation 1153728
Charltys sxincipal address Branston CourL Branston StreeL Birmingham, B18 6BA
Names of the charlty trusteos who manage the charlty Dats8 a¢led ff not for whole Trustse name Offica (if any) Name of rson (or body) gnlltlgd toa olnt trustee Ifan Mr Ballal Raza Mr Asad Adrls Mr Kleem Raza 10 12 13 14 15 16 17 18 19 20 Co orate trustees - names of the dlrectors at the date the re Dlrector nam• ortwa88 roved Name of trustees holdlng title to property belonglng to the charlty TruBtee n•m• Dat•8 actod If not k+r wholo ear
Funds held as custodian trustees on behalf of others Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodlan charity's objects NIA Details of arrangements for safe cuslody and segregation of such assets from the charity's o assets NIA Addftlonal infomiatlon (optional) Names and addresses of advisers (Optlonal information) Type of Name Address adviser Name of chlef executive or names of senlor stsff members (Optlonal Information) Exemptions from disclosure Reason for non411sclosure of ke nnel detsils other o tional inforniation
Declarations The trustses declare that they hav8 approv6d the trustees, report above. Slgned on behalf of the charlty's trustees Slgnaturè(s) Full name(s) Posltlon (eg S8cretsry> Chalr. etc) Kleem Raza Chair Date 0811012025