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2024-12-31-accounts

Charity Registration No. 1170486

SEVEN SPIKES RELIEF FOUNDATION (Charitable Incorporated Organisation)

ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SEVEN SPIKES RELIEF FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Abdul Gaffar Khatri Dr Al-Rehan Dhanji Mr Bozlur Rahman Mr Faizal Lalloo Mr Talhet Anwar Dr. Razwan Siddique Chairperson Mr Talhet Anwar Chief executive officer Dr Mahmoud Ibrahim Charity number 1170486 Principal address 159 High Road South Woodford London E18 2PA Auditors Walden Way & Company Ltd Unit A3, Gateway Tower 32 Western Gateway London E16 1YL Bankers Lloyds Bank Plc Co-Operative Bank

SEVEN SPIKES RELIEF FOUNDATION

CONTENTS

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Page
Trustees' report 4 - 8
Independent auditor's report 9-11
Statement of financial activities 12
Balance sheet 13
Cash flow statement 14
Notes to the financial statements 15 - 23
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SEVEN SPIKES RELIEF FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with Seven Spikes Relief Foundation’s governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019)

Objectives and activities

Seven Spikes Relief Foundation was established as a charity for the public benefit to promote the education, general charitable purposes, relief of those in (age, disability, ill-health, financial or other disadvantage) and prevention or relief of poverty of the people in the underdeveloped regions in such a way as charity trustees think fit including by:

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities Seven Spikes Relief Foundation should undertake.

Our strategy for the achievement of these objects is to identify areas where emergency or priority aid is required the most and then to establish projects that will help meet those needs. We then fundraise such projects and establish them on the ground through field partners and with the help of our own local volunteers and workers. We assist and monitor project delivery and success throughout the period assessing the level of need to ensure the beneficiaries are receiving the aid which is relevant and impactful and donor funds are being used ethically to maximum effect.

Use of Volunteers

The Charity is grateful for the unstinting work of its volunteers who are involved in the service provision and fundraising activities. The trustees provide their services voluntarily and without remuneration to promote Seven Spikes Relief Foundation’s activities in the UK and abroad. The trustees would like to acknowledge the tremendous efforts of the volunteers and many supporters of the charity for their continuous support in helping Seven Spikes Relief Foundation to achieve its objectives.

Financial Review

During the period ended 31 December 2024, Seven Spikes Relief Foundation generated incoming resources of £1,711,251 and expenses of £1,587,007. The year 2024 has been a period of substantial growth. Thanks to the generous contribution of our donors, effective fundraising initiatives and prudent financial management, we have successfully expanded our programs and enhanced our impact.

The results of financial statements show a surplus of £124,244 compared to £304,116 in previous financial period, Donations and Income is increased to £1,711,251 from £1,141,170 for the period, benefiting from the expansion of the Charity which resulted in receiving an increased number of donations from new and existing donors and increased number of fundraisers at mosques and a number of fundraising challenges undertaken by trustees and the Charity’s supporters. Consequently, the trustees are pleased with the performance of fundraising strategies.

SEVEN SPIKES RELIEF FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves Policy

It is the policy of the charity that the unrestricted funds which have not been designated for a specific use, be maintained at a level equivalent to at least 2 months’ running expenditure (£18,000). The trustees consider that the reserves maintained at this level will ensure that in the event of a significant drop in funding they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The charity’s current level of free reserves is £714,772 (2023: £421,232), which would allow it to meet the shortterm operational costs.

Public Benefit

The Trustees confirm that they have referred to the Charity Commission’s general guidance on Public Benefit when reviewing and shaping the charity's aims and objectives. The charity works to ensure that its programs are inclusive, accessible and responsive to the needs of the beneficiaries.

Going Concern

The trustees consider the charity to be a going concern, with strong funding pipelines.

Risk Management

Trustees have assessed the key risks facing the charity and implemented systems to mitigate them, including:

The trustees have undertaken a comprehensive assessment of the key risks facing the charity and have established a structured framework of controls and procedures to mitigate and monitor these risks on an ongoing basis. Financial risks are managed through a strategy of income diversification, reducing reliance on any single funding source, and by maintaining adequate free reserves to ensure the charity can meet its commitments during periods of income fluctuation or uncertainty. Regular financial monitoring and budgeting processes are in place to support prudent financial management and early identification of any emerging pressures.

Operational risks are addressed through a combination of staff training, clear internal policies, and established safeguarding procedures designed to protect beneficiaries, staff, and volunteers. The charity has developed incident response plans to ensure that any operational disruptions or safeguarding concerns are dealt with promptly, effectively, and in line with best practice and regulatory expectations. These measures are supported by periodic reviews to ensure continued effectiveness and relevance.

Compliance risks are managed through ongoing monitoring of legal and regulatory requirements, with particular attention to data protection (GDPR), safeguarding obligations, and health and safety legislation. Where appropriate, external advice is sought to ensure continued compliance and to reflect changes in regulatory frameworks. Trustees receive regular updates to ensure they remain informed of key compliance matters affecting the charity’s operations.

In relation to overseas funding, the charity operates internationally and transfers funds through regulated banking channels in accordance with applicable laws and donor restrictions. The trustees maintain oversight of overseas disbursements and are committed to the ongoing strengthening of governance and control procedures in this area, including thorough partner due diligence checks prior to funding approval, restricted fund accounting to ensure donor intentions are fully respected, and systematic verification processes to confirm the proper end use of funds. Ongoing monitoring and reporting from overseas partners further strengthen accountability and transparency in the use of charitable resources

SEVEN SPIKES RELIEF FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Future Plans

The charity aims to:

We will actively pursue specific funding opportunities to fulfil our objectives of housing, educating, and providing medical assistance to as many individuals as possible.

Remuneration Policy

The trustees hold overall responsibility for determining the charity’s remuneration policy. The charity is committed to providing fair, competitive and appropriate levels of pay in order to attract, retain and motivate staff with the skills and experience required to deliver its charitable objectives effectively. Remuneration levels are reviewed periodically to ensure they remain aligned with the charity’s operational needs and the wider sector context.

Summary of Charitable Activities Delivered in 2024:

During the year ended 31 December 2024, Seven Spikes Relief Foundation significantly expanded its humanitarian activities in response to increasing global need. Total charitable expenditure amounted to £1,474,462 (2023: £735,921), representing an increase of approximately 100% over the previous year. Total income increased to £1,711,251 (2023: £1,141,170), enabling the charity to broaden both the scale and geographical reach of its programmes. Assistance was provided across several countries through emergency relief, food security, healthcare, education, water and sanitation, shelter, orphan sponsorship and sustainable development initiatives.

Palestine and Gaza

The charity's largest humanitarian programme during the year focused on responding to the humanitarian crisis in Palestine and Gaza. Thousands of food parcels, vegetable packs and hot meals were distributed throughout the year, particularly during Ramadan. Families in severe financial hardship received shopping vouchers and Zakah assistance, while community kitchens provided freshly prepared meals for displaced people on a daily basis. Hundreds of bread parcels, freshwater tanks and water distribution networks were supplied, together with the restoration of water wells and installation of solar-powered pumping systems. The charity also supplied medical equipment and consumables to local hospitals, provided emergency shelter through tents and tarpaulins, distributed Qurbani meat during Eid-ul-Adha and coordinated humanitarian aid convoys from Egypt and Jordan carrying food, medicines, clothing, blankets and hygiene supplies into Gaza.

Bangladesh

In Bangladesh, the charity continued to operate its purpose-built orphanage, providing full-time accommodation, education, healthcare, meals and welfare support for 45 orphaned children. Additional programmes included feeding initiatives, clothing distributions, cataract surgery for vulnerable individuals, food assistance for Rohingya refugees and emergency relief through food distributions to families affected by severe flooding. Qurbani meat distributions also formed part of the charity's annual humanitarian programme.

Pakistan (Including Kashmir)

The charity maintained its long-standing support for vulnerable communities across Pakistan and Kashmir by providing regular financial assistance to hundreds of widows and orphans. Food assistance, cooked meals and Qurbani distributions were delivered throughout the year to help families experiencing financial hardship and poverty.

Kenya

In Kenya, the charity provided monthly financial support to hundreds of vulnerable individuals and orphaned children while continuing its feeding programmes and annual Qurbani distributions. Sustainable development projects included the installation of hand-pump water wells in drought-affected communities and the construction of semi-permanent homes for families displaced by flooding. Medical assistance was also provided to communities affected by natural disasters.

Egypt

In Egypt, the charity distributed food packs to low-income households and continued to provide regular financial assistance to widows and orphans, helping to meet their essential daily living costs.

SEVEN SPIKES RELIEF FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Lebanon

The charity supported displaced families in Lebanon by distributing food packs, blankets and other emergency relief items to households affected by regional conflict and displacement.

Afghanistan

Humanitarian assistance in Afghanistan focused on providing food packs and Qurbani meat to families living in poverty, helping to address immediate nutritional needs within vulnerable communities.

United Kingdom

Within the United Kingdom, Seven Spikes Relief Foundation continued to support individuals and families experiencing financial hardship through regular welfare assistance. The charity also worked alongside local mosques and community organisations by supporting Jumu'ah services, subsidising community events and arranging for professional Qur'an reciters from the Arab world to lead Ramadan prayers across numerous mosques throughout the UK.

Sustainable Development and Programme Oversight

Alongside emergency humanitarian relief, the charity invested in longer-term development initiatives including education, healthcare, water and sanitation projects and economic empowerment programmes designed to improve living standards and reduce long-term dependency on aid. Throughout the year, the trustees-maintained oversight of overseas charitable activities through partner due diligence, restricted fund monitoring, verification of project delivery and regular reporting to ensure that donor funds were applied efficiently and for their intended charitable purposes. The trustees remain sincerely grateful to the charity's donors, volunteers, fundraising teams and delivery partners whose continued generosity and commitment enabled Seven Spikes Relief Foundation to deliver humanitarian assistance to thousands of beneficiaries across multiple countries during 2024.

Further information and short video overviews of these activities are available on the charity’s YouTube channel: https://www.youtube.com/channel/UCKg3HVPnVlf90VkENze2N9Q/videos

Subsequent events:

A material non-adjusting event occurred after the balance sheet date, namely the purchase of a property for £1 ,070,000 on 5 November 2025. Following the year-end, the charity launched a fundraising campaign to support the acquisition and raised interest-free community loans (Qard-e-Hasan) as part of the financing.

As the purchase and related fundraising took place after the balance sheet date, these events do not provide evidence of conditions that existed at the balance sheet date. Accordingly, no adjustment has been made to the amounts recognised in the financial statements. However, the nature of the event has been disclosed as it is considered material.

Structure, governance and management

Seven Spikes Relief Foundation is managed by its governing document, which is signed and agreed by all trustees and constitutes the governing document of a registered (incorporated) charity Organisation.

The Trustees who served during the period and up to the date of signature of the financial statements were: Mr Abdul Gaffar Khatri

Dr Al-Rehan Dhanji

Mr Bozlur Rahman Mr Faizal Lalloo Mr Talhet Anwar Dr. Razwan Siddique

When appointing new trustees to the charity, the board of trustees consider the skills, knowledge and experience of the individual in making the appointment. Trustees are appointed in accordance with the charity’s governing document, either by existing trustees or through nomination and approval at the Annual General Meeting. New trustees receive an induction pack outlining their roles and responsibilities and are encouraged to attend training sessions and briefings relevant to their duties and the charity’s activities.

All trustees have collective responsibility, which were possible, is in accordance with their skills and experience. The trustees meet regularly, with formal board meetings held quarterly, and additional meetings convened as needed to address urgent matters or strategic developments.No trustee received any remuneration or benefits from the charity during the year.

SEVEN SPIKES RELIEF FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 S¢atemoni of Trv8tes' Respon#lbllllleJ: The trustees ol Seven S￿ke4 Reliei foimdxllon #rp resrKJnglhlp for pr￿pAring the Twslees, Amual Report and the finèneial 51gtemènt5 in wccordHncp WIMI ApWic4rtJlÈ 18w llrMI Unrt•J Kin9dcrfn AccoLnbng Standards (r￿ Unrted Kingdom Gertrernlly AeceptAI Accoiinlinq Praclicgl. Charities Ad 201 I requ1￿$ ihe truslees lo pro￿Te flnanclvA stalementg lor Èath financlal year whl¢h give a tn￿ and f#lr vw olthe slaie ol offal￿ olthe chaiilable Incofjjoraled ￿ganISatIon and olthe incomiftg rÈ50vrces and application knduth'ng Inccrfne and expenditu￿. ollhe charilabfelncoworated organlsatlon lorthatpericrtj. In prepartng thex ffin•nQy￿ slat•M￿, tnjslees are requlThl lo. select YLAtable accounting policies and Ilien aPF4y thèm con51stenlJy." obser¥e ihe methods and printiple¥ In the Charilies SORP. make judgements and e$timales that are reasonable and pnmlent". ¥te whether applicat4e UK accounting slandards ha￿ been loll(Med. subltd to any mat•rial departures disdosed and ewained in the ffinancial statements- and prepare the finanual statements on the golng concem bays unless it is inapyopriate. lo presume that the chaftt•t4e I￿ated opJanisalJ"on 4￿11 continue in ￿SIness. Thè tru4ees are responsit4e for keeyng propw accounljng recO￿ts that dtsclose vAth reasonable accuraGy at any tsrne thè ffinancaal pOs￿"0n of the charrtatde incorporaied organisatlon and enable tlwn to enswe Ihal the Ilnanual statemertts crrylyvhth the Charilies Aet 2011. They are also ￿SpOnSIble fc¢safeguardirg Ihe asset. ofthe chantable incorpcate4 organi￿￿¢47 ond ￿rKe for lakuy ￿a￿able slep$ (or the wv4enticv) and detection ol frau(l and other In so far. the trustees are aww¢". There Is no relevant audit Infomiallon of whlch the charitab￿ kncryporated organization'¥ auditors are unaware.. aTh The Irustees have laken all steps Ihal they ought to have taken tts make themselves ￿are of ary relevant audrt information and to esta￿•Sh that the auditots are awafe ol that infomation. The trLf5tees' reprrt W83 appro¥Ed by the Bo¥d ofTnL* Mr Fatul ￿￿￿0 Mr Talhet ATrw•r Truske Daled." 01 J￿Y 2026 Dat￿.. 01 July 2026

FOR THE YEAR ENDED 31 DECEMBER 2024

SEVEN SPIKES RELIEF FOUNDATION

Independent Auditors’ Report to the Trustees of Seven Spikes Relief Foundation

Opinion

We have audited the financial statements of Seven Spikes Relief Foundation (the 'charity') for the year ended 31 December 2024, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and related notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities Act 2011 and SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to charitable organization’s trustees, as a body, in accordance with section 144 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's trustees 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 incorporated organisation and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

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 charity 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.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Opinion on other matters prescribed by the Charities Act 2011

In our opinion, based on the work undertaken in the course of the audit:

SEVEN SPIKES RELIEF FOUNDATION

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the incorporated organisation 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 where the Charities Act 2011 requires us to report to you if, in our opinion:

Other Matter – Governance Arrangements

During the course of our audit, we communicated to the Trustees certain matters relating to the Charity's governance arrangements and financial management, together with recommendations for strengthening oversight and internal control procedures. We have been informed that the Trustees have commenced the implementation of a programme of governance improvements, including the appointment of external governance advisers and enhancements to the Charity's financial management and oversight arrangements.

Responsibilities of trustees

As explained more fully in the page 6, the trustees 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.

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.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional skepticism throughout the audit. We also:

SEVEN SPIKES RELIEF FOUNDATION

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Khalid Aamir Qadri (Senior Statutory Auditor) For and on behalf of Walden Way & Co Ltd,

Statutory Auditor

Dated: 01 July 2026

SEVEN SPIKES RELIEF FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024

Notes
Income from:
Donations and
legacies
3
Other trading
activities
4
Total income
Expenditure on:
Raising funds
5
Governance costs
5
Cost of sales –
(stock for resale)
5
Charitable
activities
6
Total resources
expended
Net income for
the period/
Net movement in
funds
15
Fund balances at
01-01-2024
15
Fund balances at
31 -12-2024		 Unrestricted
funds
2024
£
519,737
13,348
533,085
70,463
8,400
33,682
112,545
127,000
239,545		 Restricted
funds
2024
£
1,178,166
-
1,178,166
-
-
-
-
1,347,462
1,347,462		 Total
2024
£
1,697,903
13,348
1,711,251
70,463
8,400
33,682
112,545
1,474,462
1,587,007		 Unrestricted
funds
2023
£
249,886
40,279
290,165
57,898
7,553
35,682
101,133
66,617
167,750		 Restricted
funds
2023
£
851,005
-
851,005
-
-
-
-
669,304
669,304		 Total
2023
£
1,100,891
40,279
1,141,170
57,898
7,553
35,682
101,133
735,921
837,054
293,540
421,232
714,772		 (169,296)
194,523
25,227		 124,244
615,755
739,999		 122,415
298,817
421,232		 181,701
12,822
194,523		 304,116
311,639
615,755

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing activities.

The notes on page from 15 to 23 form an integral part of these financial statements.

SEVEN SPIKES RELIEF FOUNDATION BALANCE SHEET ASAf31 DECEMBER 2024 2014 Note8 Non4urrÈnt •ssets Fi¥Èd •s$ets 3,528 Cvrrenl •53ets Loan rethvable 111 16.664 50.000 Stock (good$ for Yesale) 11 14.681 16,005 Cash at bar in hand 726,269 561,690 757.614 627.695 Credhors fallirJ due wlthin year Net cuThenl assets 12 120,261) (15,468) 612,227 Totsl assets less current 7YJ.999 616,755 Income funds Unrestricted funds-gerwal 714.772 25.227 421.232 194,523 15 739.999 615,765 finwv#l staternents wve approNEd by the Tnmtees on 01 2￿. r L4b>) MrT￿hetAn￿r The rKtss on page liom 15 to 23 ftym an part ol these stalemwts. 13

SEVEN SPIKES RELIEF FOUNDATION

CASH FLOW STATEMENT

FOR THE YEAR 31 DECEMBER 2024

2024
£
£
Cash flows from operating activities
164,579
Cash flows from investing activities:
Purchase of property, plant and equipment
-
Net cash (used in) investing activities
-
(Decrease)/increase in cash and cash
equivalents in the reporting period
164,579
Cash and cash equivalents at the beginning
of the reporting period
561,690
Cash and cash equivalents at the end of the
reporting Period
726,269
=========
Reconciliation of net movement in funds to cash flow
2024
£
from operating activities
Net movement in funds
124,244
Increase/(Decrease) in stocks
1,324
Increase/(Decrease) in debtors
33,336
Depreciation
882
(Increase)/Decrease in creditors
4,793
Net cash provided by operating activities
164,579
=========
Analysis of cash and cash equivalents
2024
£
Cash at bank and in hand
726,269
Total cash and cash equivalents
726,269
=======		 2023
£
£
271,143
(2,454)
(2,454)
268,689
293,001
561,690
=========
2023
£
308,669
5,495
(50,000)
1,176
5,803
271,143
=========
2023
£
561,690
561,690
=======

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Seven Spikes Relief Foundation is an UK registered Charity. The registered office address is 159 High Road, London E18 2PA.

1.1 Accounting convention

The financial statements have been prepared in accordance with Seven Spikes Relief Foundation's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". Seven Spikes Relief Foundation is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice, which is referred to in the Regulations, but which has since been withdrawn.

The financial statements are prepared in Sterling, which is the functional currency of Seven Spikes Relief Foundation. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that Seven Spikes Relief Foundation has adequate resources to continue in operational existence for the foreseeable future. In addition, the Trustees have no intention to wind the incorporated organisation up in the foreseeable future.

The Trustees consider that there are currently no material uncertainties which impact on the charity being able to continue in its current form. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when Seven Spikes Relief Foundation is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once Seven Spikes Relief Foundation has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income from sale in the charity’s Ebay shop is recognised at the point of sale. All trading exercised in the course of carrying out a primary purpose of the charity.

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised when it is incurred. Expenditure is reported gross of related income.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the period.

1.7 Impairment of fixed assets

At each reporting end date, Seven Spikes Relief Foundation reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

Seven Spikes Relief Foundation has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in Seven Spikes Relief Foundation's balance sheet when Seven Spikes Relief Foundation becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derecognition of financial liabilities

Financial liabilities are derecognised when Seven Spikes Relief Foundation’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

Seven Spikes Relief Foundation is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising

1.11 Debtors and creditors policy

Debtors and creditors receivable or payable within one year of the reporting date are carried at transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest.

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

1.12 Closing Stocks

As part of the accounting policies, Seven Spikes Relief Foundation recognises stock in accordance with the Financial Reporting Standard 102 (FRS 102). Stock includes goods held for distribution, resale, or use in charitable activities. Stock is valued at the lower of cost and net realisable value, in line with FRS 102 guidelines, and is measured on a consistent basis across all periods.

The charity uses the first-in, first-out (FIFO) method to value stock, ensuring that the oldest items are used or sold first. Cost includes all direct costs incurred in bringing the stock to its present location and condition. Any stock held for resale is reviewed regularly for impairment and written down to net realisable value where necessary.

The stock policy is reviewed annually to ensure compliance with FRS 102 and best practices in financial reporting. Any changes in valuation methods or stock handling procedures are disclosed in the charity’s financial statements as part of the accounting policy section.

2 Critical accounting estimates and judgements

In the application of Seven Spikes Relief Foundation’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Donations and gifts
For the period ended 31 December 2023		 Unrestricted
Restricted
funds
funds
2024
2024
£
£
519,737
1,178,166
519,737
1,178,166
249,886
851,005		 Total
2024
£
1,697,903
1,697,903		 Total
2023
£
1,100,891
1,100,891
1,100,891
Unrestricted Total
funds
2024 2023
£ £
eBay and web sales 13,348 40,279

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

5 Raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Expenditures on Fundraising
Salaries and wages 31,957
32,885
Rent rates and utilities 7,830
4,630
Fundraising activities costs 7,832
5,950
General administrative costs 9,374
6,862
Travel costs 582
297
Clerical and support costs 500
750
Depreciation and impairment 882
1,176
Bank and finance charges 11,506
5,348
Expenditure on Fundraising 70,463
57,898
Governance costs
Auditors’ remuneration 8,400 7,553
Trading costs
Cost of sales eBay charity shop 33,682 35,682
112,545 101,133
Support costs, included in the above, are as follows 2024 2023
£ £
Salaries and wages 31,957 32,885
Rent rates and utilities 7,830 4,630
Travel costs 582 297
Clerical and support costs 500 750
Depreciation and impairment 882 1176
Bank and finance charges 11,506 5,348
53,257 45,086

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

6 Charitable activities

Poor Families support
Food supply
Orphans and widows
Water projects
Education / Medical
Community Support
Housing / Shelter
Gaza war victims support
General charitable activities
Unrestricted funds – general
Restricted funds		 Charitable
Charitable
Expenditure Expenditure
2024
2023
£
£
16,000
30,999
36,530
136,700
95,725
99,597
17,850
23,600
51,190
25,000
98,500
81,650
200,000
911,213
165,000
25,520
47,454
147,855
1,474,462
735,921
127,000
66,617
1,347,462
669,304
1,474,462
735,921		 Charitable
Charitable
Expenditure Expenditure
2024
2023
£
£
16,000
30,999
36,530
136,700
95,725
99,597
17,850
23,600
51,190
25,000
98,500
81,650
200,000
911,213
165,000
25,520
47,454
147,855
1,474,462
735,921
127,000
66,617
1,347,462
669,304
1,474,462
735,921
735,921
66,617
669,304
735,921

7 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from Seven Spikes Relief Foundation during the current period and previous period.

8 Employees

Number of employees

The average monthly number of employees during the period was:

2024
Number
2
Employment costs
2024
£
Wages and salaries
31,957		 2023
Number
1
2023
£
32,885

During the period, Key Management Personnel, which comprise the Chief Executive Officer (non-Trustee). ‘The total remuneration of the key management personal during the year was £31,957 (2023: £32,885)

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

9 Tangible fixed assets Tangible
assets
£
At 1 January 2024 8,076
Additions / (Disposal) -
At 31 December 2024 8,076
Depreciation and impairment
At 1 January 2024 4,548
Depreciation charged in the period 882
Depreciation on disposal -
At 31 December 2024 5,430
Carrying amount
At 31 December 2024 2,646
At 31 December 2023 3,528
10 Loan receivable
2024 2023
£ £
Loan receivable 16,664 50,000
Qarz-e-Hasna (interest-free loan) receivable from Canterbury Mosque. There is no fixed repayment schedule or
maturity date. Repayment is expected when the borrower has sufficient funds available, and the trustees
regularly monitor the recoverability of the balance.
11 Closing stocks
2024 2023
£ £
Stock for resale 14,681 16,005
12 Creditors: amounts falling due within one period
2024 2023
£ £
Other taxation and social security 1,527 4,362
Net Wages payable 2,281 2,053
Accruals and deferred income 16,453 9,053
20,261 15,468

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

13 Related party transactions

The charity donated following funds for the financial period (2023 – 178,555).

Seven Spikes Charitable Foundation, Bangladesh
Seven Spikes Relief Organization, Pakistan (Ceased on July 2023)
Seven Spikes Relief Community Based Organisation, Kenya		 2024
£
30,064
-
98,500
128,564		 2023
£
30,828
47,727
100,000
178,555

The charity works with related entities in Bangladesh and Kenya to deliver its charitable activities overseas. These organizations are considered related parties due to common management and strategic control.

No trustee or other related party had any transactions with the charity requiring disclosure under FRS 102 Section 33, other than those stated above.

There are no other party transactions related to report in either the current or the preceding year.

14. Subsequent events:

The trustees have considered events occurring after the balance sheet date up to the date of approval of the financial statements. A material non-adjusting event occurred after the balance sheet date, namely the purchase of a property. On 5 November 2025, the charity purchased a property for £1,0 7 0,000 to be used as a community centre and principal place of operations. The acquisition was funded through a combination of existing cash reserves, restricted donations raised after the year-end and interest-free community loans (Qard-e-Hasan) received from donors and supporters. No external borrowing was required.

As the purchase took place after the balance sheet date, this is a non-adjusting subsequent event under FRS 102 Section 32 and no adjustment has been made to the financial statements. The trustees are satisfied that the acquisition does not give rise to any material uncertainty regarding the charity's going concerning status.

15. Charity Funds - Current Year Ended 31 December 2024

Charity Funds
Unrestricted funds
General funds
Restricted funds
Aid in Palestine and Gaza
Emergency Relief
Fitranah and Zakat
Medical & Healthcare
Food & Social
Qurbani
Education and Mosque
Water & Sanitation
Widows and Orphans care
Economic Empowerment
Total restricted funds
Total funds		 Balance at
01-01-2024
Incoming
resources
Resources
expended
Transfers
Balance at
31-12-2024
£
£
£
£
£
421,232
533,085
112,545
(127,000)
714,772
65,873
1,009,666
1,111,213
40,000
4,326
38,111
8,212
47,454
5,000
3,869
-
-
-
-
-
185
18,158
17,590
-
752
-
30,596
36,530
10,000
4,066
-
14,814
16,000
2,000
814
12,946
2,982
33,600
20,000
2,328
654
14,154
17,850
5,000
1,959
529
74,643
95,725
25,000
4,446
76,225
4,942
98,500
20,000
2,667
194,523
1,178,166
1,474,462
127,000
25,227
615,755
1,711,251
1,587,007
-
739,999

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024

During the year, unrestricted funds of £127,000 were transferred to restricted fund categories to meet shortfalls in specific programme areas where restricted income was insufficient to cover expenditure. These transfers were approved by the trustees.

16. Charity Funds - 31 December 2023

Charity Funds
Unrestricted funds
General funds
Restricted funds
Aid in Palestine and Gaza
Emergency Relief
Fitranah and Zakat
Medical & Healthcare
Food & Social
Qurbani
Education and Mosque
Water & Sanitation
Widows and Orphans care
Economic Empowerment
Total restricted funds
Total funds		 Balance at
01-01-2023
Incoming
resources
Resources
expended
Transfers
Balance at
31-12-2023
£
£
£
£
£
298,817
290,165
101,133
(66,617)
421,232
241,393
175,520
65,873
71,061
32,950
38,111
50,827
51,400
573
-
44,284
44,099
185
13,972
16,900
2,928
-
15,236
15,238
2
-
53,119
81,650
41,477
12,946
8,254
23,600
16,000
654
160,389
165,497
5,637
529
12,822
192,470
129,067
76,225
12,822
851,005
735,921
66,617
194,523
311,639
1,141,170
837,054
-
615,755

17. Funds descriptions

Aid in Palestine and Gaza

All donations received to support economic hardship, and humanitarian crisis in the region

Emergency Relief

Funds to help people and communities affected by natural disasters (earthquakes and floods)

Fitranah & Zakat

Funds to support the poor to celebrate Eid-al-Fitr. Zakat funds received are for the relief of poverty

Medical and Healthcare

All the funds received are for providing medical aid including surgical procedures.

Food and social

Funds for food packs and hot meals distribution, including Ramadan aid.

SEVEN SPIKES RELIEF FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2024

Qurbani

Fresh Qurbani meat shared during Eid-ul-Adha

Education and Mosque:

Funds for rebuilding or repairing schools and mosques and providing education supplies.

Water & Sanitation

Funds for life-saving initiatives that provide clean drinking water, safe sanitation, and hygiene facilities

Widows and Orphan’s care

Donations for most vulnerable members of society, those who have lost family support due to war, disaster, poverty, or illness. These funds provide shelter, food, education, healthcare, and emotional support.

Economic Empowerment

Donations for helping individuals and communities become financially self-sufficient. These donations focus on giving people the tools, skills, and opportunities to build sustainable livelihoods.