AL-NOOR FOUNDATION LIMITED
To establish, maintain and conduct a school for the education of boys and girls so as to be an independent school within the meaning of the expression as defined in the Education Act 1944.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £142,683 for the year, driven primarily by depreciation on legacy assets rather than an operating shortfall. Per the trustees' report, unrestricted reserves stood at £11,274,134, which is above the stated three-month minimum reserves policy, and cash at bank increased to £1,291,424.
What the accounts disclose
“One employee received emoluments in excess of £60,000. (£60,001- £70,000)” — page 27
“One employee received emoluments in excess of £60,000. (£60,001- £70,000)” — page 27
“Controls include a three month minimum reserves policy”
“As at Balance Sheet date, the company has interest free loans totalling £168,068 (2023: £269,568) from related members of the Board. The purpose of the loans was to aid in the running of the charitable activities carried out by the company.” — page 30
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- IMRAN HAFIZ
- IMRAN KHAN
- MUHAMMED ILYAS MIRZA
- Majid Khan
- Muhammad Talha Choudhury
- SADIQ KOTHIA
- ZULFIQAR AHMED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £585k | £728k |
| 31/12/2023 | £428k | £847k |
| 31/12/2022 | £3.3m | £1.2m |
| 31/08/2021 | £758k | £837k |
| 31/08/2020 | £819k | £888k |
Common questions
Is AL-NOOR FOUNDATION LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £142,683 for the year, driven primarily by depreciation on legacy assets rather than an operating shortfall. Per the trustees' report, unrestricted reserves stood at £11,274,134, which is above the stated three-month minimum reserves policy, and cash at bank increased to £1,291,424. Its FY2024 accounts were audited by Prestons & Jacksons Partnership LLP.
What does the highest-paid employee of AL-NOOR FOUNDATION LIMITED earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEAULAND LIMITED | 1 | £80k |
| THE AA TRUST | 1 | £6k |
Charities like this
- AL RISALAH EDUCATION TRUST
- DHS Educational Foundation
- THE NEW GIRLS SCHOOL
- NOOR TRUST
- MADANI GIRLS' SCHOOL
- AN-NOOR ISLAMIC SCHOOL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AL-NOOR FOUNDATION LIMITED | £585k | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| AL RISALAH EDUCATION TRUST | £1.5m | — | 0 | above | — | no doubt |
| DHS Educational Foundation | £1.6m | £80,001 - £90,000 | — | unclear | — | no doubt |
| THE NEW GIRLS SCHOOL | £1.9m | Under £60,000 | 0 | unclear | — | noted |
| NOOR TRUST | £490k | — | 0 | unclear | — | no doubt |
| MADANI GIRLS' SCHOOL | £976k | — | 0 | unclear | — | no doubt |