; J =. ai r { INTRODUCTION ANNUAL REPORT 2021 & FINANCIAL STATEMENTS 1 C ## INTRODUCTION TABLE OF CONTENTS ## ABOUT SEERAH FOUNDATION MESSAGE FROM THE DIRECTOR OUR 2021 PROJECTS OUR PLANS FOR 2022 ENVIRONMENTAL IMPACT RESERVES POLICY INDEPENDENT EXAMINATION REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO FINANCIAL STATEMENTS 4 OO) 5 OO) 6 OO) 7 OO) 8 OO) 8 OO) 9 OO) 11 OO) 13 OO) 15 OO) 3 ______________{_ ) ## ABOUT SEERAH FOUNDATION **SEERAH FOUNDATION** is a Registered Charity in England and Wales (No 298918). We are a non-profit organisation with a vision to transform communities and peoples lives by providing authentic and accessible Islamic education all around the world. We are passionate to share the true message of Islam, and the life and teachings of the Prophet Muhammad. To educate, and to counter misinformation, extremism and Islamophobia. We want to share Islam across generations and nations by presenting Islam in new and unique ways. Our Trustees: **Mr. Wajhi Hassan Mr. Ibrahim Rahman Ms. Asma Shariff Mr. Usman Hamid** Independent Examiner: **Rasheeda Njidda Ahmed** 4 ¢SS ## MESSAGE FROM THE DIRECTOROUR PLAN FOR 2022INTRODUCTION Assalaamu ‘Alaikum Wa Rahmatullah In the name of Allah, the Most Compassionate, the Most Merciful. By the grace of Allah, Seerah Foundation has been able to continue to operate in 2021; sharing the message of Islam with people around the world. I have been blessed to be able to help move our projects forward and work toward our goal. In 2021 Seerah Foundation’s Book Donation Project reached a milestone of 4000 books sent to schools and educational institutions around the world. We helped finance and complete the re-building of Jamia Masjid and Madrassah in Hassan Zai village, allowing thousands in the local community to have access to their place of worship once more. The new Masjid can accommodate 1500 worshippers and hold classes for 300 children, some of whom go on to become Hafidh of Quran. We released our first 2 Islamic books translated into Spanish to reach out to some of the 500,000 Spanish speakers who are in need of Islamic material. Our first Audiobooks are now in production. Much more work is needed in this area from all Islamic publishers, as there are so few Audiobooks of Islamic books available. Seerah Foundation has come far in the last two years, and if Allah wills we can go further in the years to come. It is our duty, and the duty of every Muslim to share the message of Islam. We can only do this with help of our donors, volunteers, staff and supporters, who share our mission, and believe in our vision. May Allah (SWT) bless you all and bestow His mercy on you. May Allah (SWT) accept all our efforts to share Islam, and with His permission let us do more to share Islam and the teachings of His last and final Messenger (peace be upon him) around the world in 2022 and beyond. Ameen. Omar Faruq Executive Director, Seerah Foundation 5 ______________{_ ) ## OUR 2021 PROJECTS ## **1. Book Donation Project** Seerah Foundation has distributed over 4000 Islamic books around the world. To countries including: _Nigeria, Uganda, Mauritius, Trinidad and Tobago,_ and _more_ . Our **Legacy Islamic Books** , by _Afzalur Rahman_ , are being revised in order to produce: ## **2. Audiobooks** These are made available online through digital downloads are the fasted growing product in the book market. Our first 2 Audiobooks are out now. ## **3. Spanish Translations** We are also producing Islamic ebooks in Spanish to meet the growing need of this global community of over half a billion Spanish speakers. ## **4. The Children’s Encyclopaedia of Seerah** Unlike the main Encyclopedia of Seerah, the Children’s Edition was never completed or published. Plans are also underway, in sha Allah, to realise _Afzalur Rahman_ ’s ambition to make an Encyclopedia of Seerah available for Children. 6 ## OUR PLAN FOR 2022INTRODUCTION ## **1. Audiobook** and **Spanish Translation** These projects are currently ongoing. ## **2. Book Donation Project** Seerah Foundation plan to keep distributing Islamic books free to those in need. **3. Animations for Muslim Children** Seerah Foundation has published several children’s books in the past. We believe the most effective way to share these stories and messages to children today can be through animation. We have already begun work on some short children’s animations. **4. Encyclopaedia of Seerah: Revised Edition** Seerah Foundation’s flagship product has always been Muhammad ﷺEncyclopedia of Seerah, but it has been out of print for two decades and very few volumes are now available. We are planning to make a revised, modern edition of this landmark work on the life of our Prophet ﷺin the coming years in sha Allah. 7 ## ENVIRONMENTAL IMPACT Seerah Foundation is committed to environmental sustainability and we are constantly exploring ways of unique ways to reduce our carbon footprint. In 2021, we started to measure our digital books impact on the environment and Allhamdulillah the result was positive. Below is the snapshot of our impact so far. ## RESERVES POLICY The Trustees have resolved to maintain a reserve fund of £60,000 as working capital to meet core operating costs and any liabilities. This allows Seerah Foundation to meet any immediate demands on its resources and provide the working capital to respond quickly and generate income. The ability to maintain reserves at the appropriate levels on an ongoing basis is now assisted by the improved cash flows that Seerah foundation benefits from, the regular Direct Debit income. 8 ## INDEPENDENT EXAMINER’S INTRODUCTION REPORT TO THE TRUSTEES OF THE SEERAH FOUNDATION I report to the charity trustees on my examination of the accounts of the Company for the year ending 31st December 2021. ## **Responsibilities and basis of the report** As the charity’s trustees of the Company (and its directors, for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) in England and Wales (or Scotland) (sections 193 and 353(1), Charities Act 2011) (‘the 2011 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination, I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent Examiner’s Statement** I have completed my examination. I confirm that no matter has come to my attention in connection with the examination other than that disclosed below, which gives me reasonable cause to believe that in any material respect that: - Accounting records were kept in respect of the Company as required by section 386 of the 2006 Act: or - The accounts accord with those records adequately; or - The accounts comply with the accounting requirements of section 396 of the 2006 Act. The account gives a ‘true and fair view’ which is not a matter considered as part of an independent examination; or - The accounts have been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). During my examination of the accounting record of the charity, it was noted that all disclosures were made in the notes for charity funds and fixed asset revaluations. This has led to the accounts agreeing with the charity’s SoFA and balance sheet. The charity’s trustees are aware of the importance of proving detailed notes to the accounts. 10/10/2022 Signed ……………………………………………………… Date ……………………………………… 9 ______________{_ ) ## CONTACT US Postal Address: **Seerah Foundation 78 Gillespie Road London N5 1LN** Email: **info@seerah.org** Website: **seerah.org** 10 . SEERAH FOUNDATION Section A Statement of financial activities Recommended categories by activity Prior Unrestricted Restricted End0￿ent Total Year Notes Funds Funds Funds Funds Funds Incomlng r8sources (Note 3) F01 F02 F03 F04 Income •nd •ndowm•nts trom: Donations and legacies CharitatA8 activities other ITading activities S01 4695 21121 25816 3,706 S02 Book Sales Rental income Kickstart Scheme Funds S03 724 724 627 Investrnents 45518 45518 43,425 Separate material items of income S05 10532 10532 Other 5885 5885 Total Resources expended (Note 6) S07 56822 31653 88475 47,758 Expendlture on: Raisiw funds CharilatAe activiti8S 2860 395 7474 7474 3.213 utlllll•• 10199 10199 Donations from SF to Chariles 17000 17000 Management Expen Separate matefial item of expense 4868 Freelancers S10 70000 70000 23987 S11 706 24792 Total S12 113107 113107 52,387 11 seerah.org Net Incomel{expendlture) before Investment galnsl(losses) Nel gainsl{loss8sl on investments S13 -56285 21121 -24632 - 4,630 S14 Net Incomel{expendlture) Extraordlnary Items S15 -56285 21121 -24632 - 4,630 S16 Transfers bet￿en funds Other recognlzed galnsl{losses): Gains and losses on the revaluation of fixed assets for the charity's own use S17 S18 gainsl(Ioss8s) Net Movement in funds S19 S20 6285 21121 -24632 4630 Reconciliation of funds.. Total lurKls brought forward Total funds canied fonvard S22 S21 -56285 21121 -24632 4630 12 . SEERAH FOUNDATION Section B Balance Sheet Restricted Unrestricted income Endovffl￿nI Total this funds funds funds year Total last year Notes Fixed assets F01 F02 F03 F04 F05 Intanglble assets Tanglble assets (Note 14) Herftage assets Inveslments 1.500.000 1.500,000 1,500,000 Total fixed assets 1.500.000 1.500.000 1.500.000 Current assets Stocks Deblors Investments Cash at bank and In hand (Note 24) rotal cumt assets 24.632 24.632 £60,497 10 24.632 24,632 £60.497 Credltors: amounts falllng due wlthln one year (Note 20) 11 Net cunenl assets/(liabilities) B12 £24.632 £60.497 Total assets less current liabilities 813 1.524.632 1.524.632 1.560.497 13 seerah.org Credltors: amounts falllng due after one year (Note 20) Provlslons for Ilabilit5es 814 815 Total net assets or liabilities 816 1.524,632 1.524,632 1.560.947 Funds of the Charity Endowment funds Restrlcted Income funds Unrestrlcted funds (Notes 20) Revaluatlon reserve 817 B18 819 1.524.632 1,524.632 1.560.947 B20 Total fiinds B21 1.560.947 1.560.947 972.130 Signed by one or hvo trustees on behalf of all the trustees Date of approval ddlmnvvvvv S￿natUre Print Name IBRAHIM IiAHMAN 1011012022 14 ## NOTES TO THE ACCOUNTINTRODUCTION ## **1. Accounting Policies** ## **(a) Basis of preparation and assessment of going concern** The accounts (financial statements) have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest ## **(b) Fund’s structure** Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created funds for specific purposes. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the donor or trust deed, or through the terms of an appeal. ## **(c) Income recognition** Income is recognized once the charity has an entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations are recognized when the charity has been notified in writing of both the amount and settlement date. If a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognized until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period. 15 ______________{_ ) Income from grants, whether ‘capital’ or ‘revenue’ grants, is recognized when the charity has an entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. ## _(a) Expenditure recognition_ Liabilities are recognized as expenditures as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (f) below. - Costs of raising funds comprise the costs of the café and expenditure incurred to at- - tract voluntary income. • Expenditure on charitable activities includes direct costs incurred and other activities undertaken to further the purposes of the charity and their associated support costs. ## _(b) Donated services and facilities_ Donated professional services and donated facilities are recognized as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable, and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognized. Refer to the trustees’ annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognized based on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognized in expenditure in the period of receipt. 16 ¢SS . SEERAH FOUNDATION Section C Notes lo the Accounts Iconl.) Note 3 Analysls of Income R•strlct•d Unrestrlct•d income EndowThnl Total lunds funds funds funds Prlor y•ar Analysis Donations and gifts Gift Aid Donatlons and legacles: 4,695 21.121 25.816 3.706 Legacies General grants provided by governmenvother charities Membership subscriptions and sponsorships which are in Substan￿ donations Donated goods. facilities, and services other Total 4.695 21.121 25,816 3.706 Charitable acllvftles: oc￿￿on$ Total Other trading actiwties: Other Total 17 seerah.org Income from investments= Interest income DiV￿end income Rental and leasing income Other 45,518 45,518 43.425 Total 45.518 45,518 43.425 Separate materlal ftem of Income: 724 724 627 Kickstart Scheme Funds 10.532 10.532 Total 724 10.532 11,256 627 Conversion of endovfflient funds into income Gain on disposal of a tsngible fixed asset held for charilvs own use Gain on disposal of a programme related investment Royalties from the exploitation of inlellectual property rights Other 5.885 5.885 5.885 Total 5.885 TOTAL INCOME 56,822 31.653 88.475 47.758 18 . SEERAH FOUNDATION Note 6 Analysls of expendlture Unrestrictod incom• Endovfflb•rrt Totsl funds funds funds funds Prior year Analysls Incurred seeking donats'ons Incurred seekn'ng legacies Incurred seeking grants Operating membership schemes and social lotteries staging fundraisir events Expendlture on ralslng funds: 2.860 2,860 154 Fundraising agents Operats"ng charity shops Operating a trading company undertaking non- charitable trading activty Advertising. marketing. direct mail. and publicity Start-up costs incurred in generating new source of future income Database development costs Other trading activities Investment management costs- Portfolio managernent costs Cost of obtainirvJ investment advice 241 19 seerah.org Inveslment administrats'on costs Intellectual property licencing costs Rent collection. Expendfture on charltable actlvltlos 7.474 7.474 3.213 Total expendlturo on charltablo activities 7.474 7.474 3.213 Separate material Itom of expense Freelancers 70.1J)O 70.000 23.987 Total 70.(XJO 70.000 23.987 Other 7C6 706 24,792 Ulilities D￿atiOnS from SF to Charities 10,199 10,199 17,(X)O 17.000 Total other expenditure 27,9)5 JJ 27.905 24.792 TOTAL EXPENDITURE 113.107 113.107 52,387 20 . SEERAH FOUNDATION Sectlon C Notes to the accounts (conL) Note 14 Tangible fixed assets Please complete this note if the chailty has any tangible fixed assets 14.1 Cost or valuatlon Freehold land & buildings Other land PlanL machinery, and motor vehicles Fixtures. ffttings, and equipment Total buildings Atthe beginning of the year Addit￿nS 1.500.0(X) Revaluations Disposals Transfers" At end of the year 1.500.000 14.2 Depreclatlon and Impalrnients 'Basls SLorRB SLorRB SLorRB SLorRB SLorRB strauht Line ("SL') or Reducing Balance ("RB") Rate At beginning of the year Disposals Depreciation Impaiment Transfers" At end of the year 21 seerah.org Net t)ook value at the 1.500,000 beginning of the year Net book value at the end of the year 1,500,000 Depreciation of tangible fixed assets Fixed assets are depreciated over the useful life of the assets. The useful life of the fixed assets is based on the knowledge of senior management, with reference to the asset's expected life cycle. Sectlon C Notes to the accounts (cont) Note 24 Cash at bank and In hand Thls year Last y￿r Short term cash Investments {less than 3 months maturlty date) Short term deposlts Cash at bank and on hand 24.632 60.947 other Totsl 24.632 60,947 22 . SEERAH FOUNDATION 23 seerah.org erah.of