( S SEERAH J FOUNDATION ANNUAL REPORT & FINANCIAL STATEMENTS 2024 ## CONTENTS ## ABOUT SEERAH FOUNDATION OUR 2024 PROJECTS INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ## NOTES TO THE ACCOUNTANT **----- Start of picture text -----**
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3 •**•* •**•* •**•* ## 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: - Mr. Yasir Hassan (Chair) - Mr. Ibrahim Rahman - Ms. Asma Shariff - Mr. Usman Hamid - Mr. Rizwan Kayani - Mr. Yusuf Hassan ## Independent Examiner: - Rasheeda Njidda Ahmed 5 ## OUR 2023 PROJECTS ## **1. Audiobook** s This is Seerah Foundation’s primary longterm project, still ongoing in Sha Allah. ## **2. Book Donation Project** Seerah Foundation are distributing our legacy Islamic books, free to those in need. Thousands of books have now been sent all around the globe to children, students, and all seekers of knowledge. We are aiming to wind down and end this project once we have distributed the last remaining books in the coming year. ## **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 immense undertaking and will take a lot of resources. We are still formulating aspects of this project. Follow our social media channels for more news. 7 ## 2024 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 2024. ## **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 alldisclosures 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. 27/06/2025 Signed ………………………………………………………… Date …………………………… 9 Section A Statement of financial activities Re$tri¢ted income funil$ Unrestricte Notes d fund$ Endowme t fund$ Prior year funds Recommended ¢otegorfje$ by odfvfjty Total fund$ Incoming resources (Note 31 Income and endowments from= Donaiitsns and iegÉtiÈS Chaniable acbvrfies F01 F02 F03 F04 F05 S01 S02 S03 S04 S05 S06 S07 3388 779 4.167 14,388 othertrading artwrfies lThvesin*nts BookSgle5 812 60,919 812 60,919 1,359 58,799 Rentsiin&)m8 Sep8r*e maienal rtemof Iltome Oihfrr Total Resources expended (Note 61 KickStAfl Scheme Funds GIft1￿ 1,338 73 884 65119 779 65 898 Expenditure on.. RaL4iffj lunds Chathable athhles SO8 Sog 3,230 4,658 9,392 7,143 17,200 3,230 4,658 9,392 7,143 17,200 9,817 3,420 2,739 27,129 35,500 40 78 645 Donaiions10 Chath*s Propgty manage￿nI Ewen5e Sep8(￿e ma￿da1 Memol expense other FFdelanws S10 Total S12 41 623 41 623 Net incomellexpenditurel before investment gainslllossesl S13 S14 S15 S18 S17 23,496 779 24,275 4,761 N8igain*iiossesl on Invesimenis Net incomellexpenditurel Extraordinary items Transfers between funds Other ￿cOgnised gainslllossesl: 23,496 779 24,275 4,761 Gan5 and 10&se5 Dn tEvaluation oir￿ed &sset5 forlhe chatty'5 USÈ othergaill&lllo55e51 S18 S19 S20 Net movement in fvnd$ 23,496 779 24,275 4,761 Reconciliation of funds." T￿&1 funds bf4uont ttrrwafd S21 S22 Total funds carrled fonvard CC17a (Excell 10 , SEERAH FOUNDATION Section B Balance sheet Restrieted income funds Unrestricte d funds Endowment Total this fvnds year Total last year Notes Fiypd aqqpt Intsngible assets Tanoible assets Heritaoe assets F01 F02 F03 F04 F05 (Note 14) 1900 000 1900 000 19000 Investments Total fixedassets 805 1900 000 1 goo 000 1900 0(K) Ciirrpnt assot Stocks Debtors Inveslments Cash at bank and In hand (Note 241 Total current assets B10 25 441 25 441 25 441 Creditors: amounts falling due ithin one year 811 Net current assets/(liabilities) 812 25 441 Total ass•ts less currnnt Ilabllltles 813 Credltors: amounts falllng due after one year Provisions for liabilities 814 B15 Total net assets orliabilities Fiindq fbf thA ChArilv End0vffl￿nt funds B16 1,925.441 1.925,441 1.901,166 817 Restrithd income funds B18 Unrestricted funds B19 1,925.441 1,925,441 1,901,166 Revaluation reserve 820 Total lunds 821 25 01 S￿ned by one or ￿ Irustees on behalf of nature Print Nam Date of IBRAHIM RAHMAN 0510912025 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. 13 Note 3 Analvsis of income Unr•strttsd R•strlct•d EndowTh• Totsl lunds Prkn ￿ar Analysi5 Donations and leoacl•s: 3,388 779 4,167 14,388 1,298 Total 3,388 779 4,167 15,686 Charitable activitiès.. Other Total oth•r t￿dIng actlvltles.. Total Incorne from investments 56,799 56,799 60,919 T¢)tsl 56,799 60,919 Separate material Item of 812 812 1,359 T¢)tsl 812 1,359 Other: 40 40 Total TOTAL INCOME Olher infomiation: All income In the prfor year wa$ ￿n￿$tr[c¢ed except for.. Iplease provide description and amounts) Where any endo%bTnent lund is converted into incorne in the reporting perbjd, please give the reason lor the conversion. Wrthin the income ttems above the follo￿n9 rtem$ a material.. (please disclose the nature, amtsunt and any prior year amounts) 14 , SEERAH FOUNDATION Note 6 Analvsis of exDenditure Restrkte Unrnstri¢t• d incomo EndoknThnt d lund8 fund8 fun Total fund# PritirJ*ar Anal sis Expendlturn on ising funds: InrAJrred seeknng donations Incuffed See￿ng legacles 1,418 In¢￿￿ed See￿ng grants Operatlng membershlp schemes and social lotteries Staging furKlraising events FudrBising Bgents Operating charity shops Operatlng a trndlng company Underta￿ng non-charftable tradlng Advertlslng, m8rf(etlng, dlrecl mall Start up costs IncunEd In generating new source of fijture D8tab8se developm8nt costs Other trading activities In￿stment management costs.. Portfollo mana ement costs Cost of oblalnlng Inbestment ad￿ce Inv8Stm8nt administration costs Intellectual prop8rty IIc8nclng costs Rent collection, property repairs and Maintenan￿ cha es 7,143 7,143 27,129 funds 7,143 7.143 28,547 Expendlturn on charftable activities 3.230 3,230 9.817 Total expendlture on charllable 3,230 activiti•s 3,230 9,817 15 S8parats atsrlal Item of Freelancers 17,200 17,200 exponse 17,200 17.200 35,500 40 3.420 2.739 4,658 9.392 4,658 9.392 Total other expenditure 14,050 14,050 6,199 TOTAL EXPENDITURE 41,823 41,823 80.(fj3 Other inforn￿tion: Analysls of eX￿ndIture on charftablo actlvltlos Activ or ActThTilies und•rtak•n dirn¢¢l Grdnt Total this Oiher Total Prior year expenditure on charitable a¢tivilies Can be analysed as follows- Within the expenditure items above the following items are material- (please disclose the nature, amount and any prior year amountsl 16 , SEERAH FOUNDATION -8p. Note 14 Tanoible fixed Pleasé complètè thls nole Ifthe charty has any1anglb￿ fi￿￿*$$ets 14.1 Cost or valuation Freehold land & bulldlngs Other land & bulldlngs Flxlures, Imllngs and equlpment Total machl and molor vehlcles At the bealnnlm of Additions Revaluations Disposals Transfers" At end of the year 1,900,000 1,900,000 14.2 DoPrn¢iation and impaim*nts ••Basj$ SLorRB SLorRB SLorRB SLorRB SLorRB Strapht Line C'SL,) or Reducing Balanc8 C'RB,) At be0inni￿ of the DiSFJosals Depreclath)n Impaimient Transfer5" At end of the year 14.3 Nét book valuo Net book value at the beginnlng of the 1,900,000 1,900,000 Net book value at the end of the year 1,900,000 1,900,000 17 Section C Notes to the accounts Icontl Note 24 Cash at bank and in This vaar Last vèar Short terni cash investments (less than 3 months maturity date) Short terni deposits Cash al bank and on hand other Total 25,441 1,166 25,441 1,166 18 ## seerah.org ## info@seerah.org insta/fb: @seerahfoundation 19 IJ