MEHR MUTUAL CONCERN
Social Welfare and Educational Causes for overseas underdeveloped countries
Financial health, per its FY2024 accounts
The accounts state that total incoming resources increased to £51,933, resulting in a net income of £21,307. The charity holds unrestricted reserves of £56,773, which the trustees note is just under two years' worth of revenue expenditure. The trustees report that reserves are stable and sufficient to meet future commitments, with a policy aim to increase them to three years' worth of activity in the medium term.
What the accounts disclose
“Due to the increase in donations in the year our revenue has fallen to 2 years of reserves. The reseryes policy will again be reviewed at the next AGM after we have a clearer picture of all our assets and income forecast from our investments.”
Trustees
- MEHDI HASNAIN HUSSAINchair
- ALI MOOSVI
- DAVID IQBAL
- MARTIN LISTER
- MRS RIDAH IQBAL
- OONA HASSIM
- Peter Bryan Reynolds
- RAJESH SAINI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £52k | £46k |
| 31/12/2023 | £51k | £35k |
| 31/12/2022 | £47k | £31k |
| 31/12/2021 | £37k | £22k |
| 31/12/2020 | £42k | £22k |
Common questions
Is MEHR MUTUAL CONCERN financially healthy?
Per its FY2024 accounts: The accounts state that total incoming resources increased to £51,933, resulting in a net income of £21,307. The charity holds unrestricted reserves of £56,773, which the trustees note is just under two years' worth of revenue expenditure. The trustees report that reserves are stable and sufficient to meet future commitments, with a policy aim to increase them to three years' worth of activity in the medium term. Its FY2024 accounts were independently examined.