THE EDITH EVELYN WALI MOHAMMAD MEMORIAL FUND
The WMT gives grants to deserving students from Pakistan at Universities in the UK who are in need of funds to complete their course of study. The grants are restricted to science, medicine and technology.
Objects
ESTABLISHING AND MAINTAINING FELLOWSHIPS, FOR THE PROMOTION OF EDUCATION AND RESEARCH IN SCIENCE OR MEDICINE, WHICH SHALL BE AWARDED TO PAKISTANI MUSLIMS.
Financial health, per its FY2024 accounts
The accounts state that the charity holds total funds of £561,636, derived from an investment portfolio managed by Brown Shipley. The trustees report that there are no free reserves and the reserves policy is to spend annual income after administrative expenses on grants. The filing confirms the charity is prepared on a going concern basis with adequate cash resources for the next twelve months.
What the accounts disclose
“The charity does not hold any free reserves.” — page 5
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- DR MAQSOOD ALI SIDDIQI
- Dr Zahid Durrani
- Hasan Ali
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £33k | £0 |
| 31/12/2023 | £14k | £0 |
| 31/12/2022 | £12k | £20k |
| 31/12/2021 | £7k | £78 |
| 31/12/2020 | £5k | £156 |
Common questions
Is THE EDITH EVELYN WALI MOHAMMAD MEMORIAL FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total funds of £561,636, derived from an investment portfolio managed by Brown Shipley. The trustees report that there are no free reserves and the reserves policy is to spend annual income after administrative expenses on grants. The filing confirms the charity is prepared on a going concern basis with adequate cash resources for the next twelve months. Its FY2024 accounts were independently examined.