2023-12-31-accounts - Suffah Foundation

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REGISTERED CHARITY: 1188908

SUFFAH FOUNDATION

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

01 JANUARY 2023 TO 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS

The trustees, present their report with the financial statements of the charity for the period 1[st] January 2023 to 31[st] December 2023

INCORPORATION

The CIO Foundation was incorporated on 06 April 2020.

Registered Charity Number

1188908

Registered Office

142 Lockwood Road, Huddersfield, HD1 3QX

Trustees

Mr Umar Hayat Chair Mr Sultan Niaz Ul Hassan Trustee Mr Shah Nawaz Chaudhry Trustee

appointed 06.04.20 - appointed 06.04.20 - appointed 06.04.20

Independent Examiner

Quba Accountancy LTD 14 Mayne Avenue Luton, Bedfordshire, LU4 9LS

STRUCTURE, GOVERNANCE AND MANAGEMENT

Board of Trustees

The Board of Trustees sets our future aims and priorities focusing on strategic planning and governance and also evaluates our performance and progress in our work to alleviate poverty and suffering.

The Board of Trustees appraises the Senior Management Team and can make appointments to it as well as dismissals. The Board of Trustees also make sure that we satisfy the regulatory requirements on us as a charity and works with key stakeholders.

Recruiting and Appointing Trustees

All our trustees are volunteer, chosen because they all have the diverse range of skills, knowledge and experience that we need to respond to the challenges of today. Stakeholders and partners may nominate trustees and sometimes we will make a personal approach to potential candidates.

Governing document

Suffah Foundation refers to the charity incorporated organisation with a governing document known as CIO constitution by registration originally incorporated on 06 April 2020.

Responsibilities of Trustees

The annual report and financial statements are prepared according to the relevant law and approved by the trustees.

The trustees keep adequate accounting records and they show and explain our transactions. The records also disclose our financial position with reasonable accuracy at any time and enable trustees to ensure that the financial statements comply with Charity Commission Statement of Recommended Practice (SORP) 2015.

Grant Making Policies

We provide grants to projects if the request meets our charitable objectives and criteria. Project grant making is managed according to a designated process, which is documented in our Operational Risk-Management Framework. We aim to treat all grant applications professionally, equally and fairly. We make the final decision as to eligibility to receive a grant, at our discretion.

Public Benefit

We develop strategic plans to make certain that we provide maximum public benefit and achieve our strategic objectives, which fall under purposes defined by the Charity Act 2006.

OBJECTIVES AND STRATEGIC ACTIVITIES FOR THE BENEFIT

The objects of the charity are set below:

(A) TO ADVANCE THE ISLAMIC RELIGION IN THE SUNNI SUFI TRADITION FOR THE BENEFIT OF THE PUBLIC, PARTICULARLY BUT NOT EXCLUSIVELY, BY THE PUBLICATION AND DISTRIBUTION OF LITERATURE.

(B) TO ADVANCE THE EDUCATION OF PERSONS IN NEED ANYWHERE IN THE WORLD BY THE PROVISION OF FINANCIAL AID AND MATERIALS AND THROUGH THE ESTABLISHMENT OF SCHOOLS.

(C) THE RELIEF OF POVERTY AND SICKNESS ANYWHERE IN THE WORLD, AND IN PARTICULAR, THOSE AFFECTED BY NATURAL CAUSES BY THE PROVISION OF FINANCIAL OR OTHER ASSISTANCE INCLUDING BUT NOT LIMITED TO MEDICINES, SHELTER, FURNITURE, STATIONARY, FOOD, CLOTHING, SANITATION AND CLEAN DRINKING WATER.

Achievements and Performance

Suffah Foundation in 2023 has worked on many projects:

1) Suffah Foundation distributed Food packs to over 100 families in need in different villages in Tanzania. This included the families of students studying in different madrassahs in different villages.

2) Suffah Foundation also distributed clothes to the poor students in the Tanzania studying in different madrasahs in different villages.

3) The charity also built 2 water wells of clean water In Tanzania. Many families are benefiting from the water wells. One was built in a madrassah where there are over 200 students currently studying that will benefit as well as the families of the students and those people living around will benefit. The second was built in a mosque where the people coming in the mosque can benefit as well as the people around that area and village.

4) The charity has also distributed food packs to those affected by the earthquake in Turkey.

5) Suffah Foundation has also started renovations work at the Education Centre in Huddersfield.

Financial Review

The charity received sum of £44,428 in donations from various sources.

The charity does not have any reserve policy.

No funds are in deficit at the balance sheet.

The funds are in surplus by £57,620 at the balance sheet.

Declaration

The trustees declare that they have approved the trustees report above.

Signed on behalf of the charity’s trustees.

Signature Name: Umar Hayat Position: Chair Date: 31/01/2024

Charity name	Charity name	No (if any)	No (if any)
Suffah Foundation		1188908
Receipts and payments accounts
For the period from	Period start date	To	Period end date 31-Dec-23
	1-Jan-23

Section A Receipts and payments

A1 Receipts	Unrestricted funds To the nearest £	Restricted funds To the nearest £	Endowment funds To the nearest £	Total funds To the nearest £	Last year To the nearest £
Donation	40,584	8,844	-	49,428	42,106
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total(Gross income for AR)	40,584	8,844	-	49,428	42,106

A2 Asset and investment sales, (see table).


Sub total	-	-	-	-	-
Total receipts A3 Payments
	40,584	8,844	-	49,428	42,106

Charitable Activities	6,364	8,835	-	15,199	24,066
Administrative expense	8,460	-	-	8,460	1,026
Governance cost	-	-	-	-	700
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Sub total	14,824	8,835	-	23,659	25,792

A4 Asset and investment purchases, (see table)
	-	-	-	-	-
	-	-	-	-	-
Sub total Total payments	-	-	-	-	-
	14,824	8,835	-	23,659	25,792
Net of receipts/(payments)	25,761	9	-	25,770	16,314
A5 Transfers between funds	-	-	-	-	-
A6 Cash funds last year end	-	-	-	31,850	15,536
Cash funds this year end	25,761	9	-	57,620	31,850

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of all the trustees	Details		Unrestricted funds	Restricted funs		Endowment funds
	Cash in hand & at Bank		57,611	9		-
			-	-		-
	Total Cash funds		-	-		-
			52,611	9		-
	(agree balances with receipts and payments account(s)) Details		Agreement Error	OK		OK
			Unrestricted funds To nearest £	Restricted funds To nearest £		Endowment funds To nearest £
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	Details		Funds to which assets belong	Cost (Optional)		Current value (Optional)
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	Details		Funds to which assets belong	Cost (Optional)		Current value (Optional)
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	Details		Funds to which liability belong	Amount due (Optional)		When due (Optional)
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	Signature	Print Name			Date of approval
		Umar Hayat			31-01-2024