( N SEERAH J FOUNDATION ANNUAL REPORT 2023 FINANCIAL STATEMENTS
CONTENTS
ABOUT SEERAH FOUNDATION
OUR VISION
OUR 2023 PROJECTS
INDEPENDENT EXAMINERS REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTANT CONTACT US
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ABOUT
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 (peace be upon him). 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.
SEERAH FOUNDATION Trustees:
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Mr. Yasir Hassan (Chair)
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Mr. Ibrahim Rahman
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Ms. Asma Shariff
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Mr. Usman Hamid
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Mr. Rizwan Kayani
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Mr. Yusuf Hassan
Independent Examiner:
Rasheeda Njidda Ahmed
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OUR VISION
Assalaamu alaikum warahmatullah,
Seerah Foundation have been working to share the message of Islam with people in the United Kingdom, and around the world since 1976.
In the last decade we have made all our legacy publications available digitally. We have started our translation program. Donated thousands of books around the world. Making Islamic knowledge more accesible is our mission.
As we approach the 50th anniversary of Seerah Foundation, the need for us to revive our signature product, the 8 Volume Muhammad[ ﷺ] Encyclopedia of Seerah, of which tens of thousands of copies were published, is clear.
Our primary goal going forward should be to present the message of Muhammad[ ﷺ] to today’s never more connected but never more divided world. Seerah Foundation are planning to begin the immense task of revising our Encyclopedia of Seerah, and building an accessible, and 100% FREE platform to showcase the life and lessons of God’s final Messenger .[ﷺ]
The world needs to know and understand Muhammad[ ﷺmore than ever.] That is our mission.
Jazak Allahu khairan.
Wassalaamu alaikum warahmatullah,
Omar Faruq CEO, Seerah Foundation London, 10th January, 2024.
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OUR 2023 PROJECTS
1. Audiobook and Spanish Translation
These are Seerah Foundation’s longterm projects are still ongoing in Sha Allah.
2. Book Donation Project
Seerah Foundation plan to keep distributing our legacy Islamic books, free to those in need. Thousands of books have been sent all around the globe to children, students, and seekers of knowledge. We are aiming to wind down and end this project once we have distributed the last remaining books.
3. The Online Encyclopaedia of Seerah
This massive project, to revise the content from the Encyclopedia of Seerah, build a new digital platform to share this knowledge, is still in it’s planning/fundraising stages.
Our 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 want this knowledge available in an accessible form so everyone can access this landmark work.
This is a massive project and will take a lot of time and money. We are still formulating aspects of this project, so keep a close eye on our social media channels for more news.
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I.E. REPORT
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SEERAH FOUNDATION
I report to the charity trustees on my examination of the accounts of the Company for the year ending 31st December 2023.
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.
29/10/2024 Signed ………………………………………………………… Date ……………………………
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Section A Statement of f i nancial activities Re51rkted Motes d fund5 frjnds thJrK15 Total fvnds Prfor year lunds Inctsmlng t•s•urcos INtst• 31 InGorne and End0wmErtslrL.' F01 F(r2 F03 F04 FOS 2.359 12.029 14.388 16.262 Charrt¥JKn¥th S02 SQ3 1.359 1.359 1,571 In¥&sbmÉnts 1.298 73.844 5729 Total Rosource5 exponded (Note 61 S07 61.815 12.029 Exynditur• on.. CharILI¥l5 3.420 3.420 3,638 27.129 27.129 35.5(K) 40 10.525 62,650 125 112012 Separae maienaliteffldewse S10 40 rotal S12 Nèt Incomèllèxpèndltur•l bèfor• Inv•slmont yaln Ilossosl S13 S14 S15 S16 S17 16.840 12,29 4,811 27,829 NetgaiWllosSesii Net Incomellexpondlturvl Extraordinary ittrm$ Tran8f&rs b&tween fund8 Othor recognlsed galns1110558sI: 16.840 12.029 4.811 27.829 S18 S19 Net rnovernent In lunds TOL31 brou9hlfwward Total fund$ tarrlèdfttrtvard S21 16.840 12.029 4.811 10
SEERAH FOUNDATION Section B Balance sheet Fixed assets F01 F02 F03 FC14 F05 Intsngibl& 888ets Tanglble assets Hgritaga a$$fyts Investments (Note 14} 1 900 (¥)0 T¢&ifixgd•ssgts È05 1.9.J0 1.W).000 1,900.(I)o Current assets Stocks btors Investments Cash at bank and In hand INots 241 Total cuyent assets 610 1.166 Creditors: amwnts falllng due wlthln one year Net cuml assets/(IlabllltlesJ e12 Tot8lssets less cutY•ntll•bllld8S BIJ 1 )1.166 11 166 1 905 898 Credltors: amounts falllng du9 aftgr Provlslons for Ibab116t 81$ Tokl neta55ets wllab111tt05 Funds of the Charity 16 1.901.166 1.1.166 1,905.898 EndowMn1 funds B17 Restrlctsd Income funds 618 Unrestrlcteil fvnd5 B19 1.9)5.898 1.5.898 1,524.632 R•valuitin B2Q Total fvnds 821 15898 1 524 632 snd by cTh orkn trnsttts on r al IhB kntstè88 Dats of apyoval (Wm snr• Print Nam IBKAHlhf KAHM.4N i109120•4 11
NOTES TO THE ACCOUNTANT
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.
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.
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Secttyon C Notes to the account5 Icontl Mote 3 Analysi5 of C*)natiors arKI GrtA¢J tyes 12.02• 12.02a 15.080 18.897 Don•tw Totsl R•1 5870 T+31al Gwn on of s tsngt4e fLxèJ 855 hdtsC matwial: {pa$• disdosèthè any 14
SEERAH FOUNDATION Sect C Note5 to the accounts Iconti Ilot• 6 Analy515 ol •xp•nditiJr• St•airvJ Clher tsjing VitieS Pothlio 27.129 27,129 1D.525 28.$47 28.547 13.385 9.817 9,817 9.817 FrÈd#rws Totsl 15
125 Ub"liti Dcnaic+is ty Chwitses 3.420 3.420 113 454 Tal tr*"s bwl 16
SEERAH FOUNDATION Section C ote5 to the accounts Iconti Motè 14 T•noiblè fixèd assèts Attr• b•girwx¥ of IhE year 1.IfO.COJ 1.W)J.C Tr•nsFw5" 1.90).COJ 1.&W.CO) SL¢R8 RB SLtyR8 SLorR8 Str8iglrt nÈ ffsL or RethJL¥rw4 Bdsnce At M•nnffv4 Trnnsfer At••Jdthes 1U Net Iwx Net boc ¥8lL gt the inrry ofth• yew 1,gXI,CQ) boc at •rath* 1.4fO.COJ 1.&W.OLK¥ 5&ction C Not@5 to the 3c£ountS Icontl Mote 24 Cash at and In haTrd Cash 17
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CONTACT US
Postal Address: Seerah Foundation 78 Gillespie Road London N5 1LN United Kingdom
Email: info@seerah.org
Website: seerah.org Facebook/Insta: @SeerahFoundation
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