MANCHESTER ISLAMIC EDUCATIONAL TRUST LTD
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £7,043,546 for the year ended 31 August 2023, resulting in total unrestricted funds of £10,442,226. The trustees confirm that the charity remains a going concern, with projected net income and realisable assets deemed adequate to cover current liabilities. The charity operates on a balanced budget and maintains reserves sufficient to cover at least two months of expenditure.
What the accounts disclose
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- Farroukh Zaheerchair
- ABDULKADIR KAWOOYA
- Ammar Yasir Rahman
- Dr Abdullah Al Majid
- Dr HAMAD AL MAJED
- Dr HAYTHAM AL KHAFFAF
- Farhat Javid
- IMAD AL-SALAM
- MR Aman Sheikh
- NASAR MAHMOOD
- SAMER SALAM
- Shehzad Anwar Chaudhri
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | £4.6m | £4.9m |
| 31/08/2023 | £11.5m | £4.4m |
| 31/08/2022 | £3.4m | £3.2m |
| 31/08/2021 | £3.0m | £3.0m |
Common questions
Is MANCHESTER ISLAMIC EDUCATIONAL TRUST LTD financially healthy?
The accounts state that the charity reported a net income of £7,043,546 for the year ended 31 August 2023, resulting in total unrestricted funds of £10,442,226. The trustees confirm that the charity remains a going concern, with projected net income and realisable assets deemed adequate to cover current liabilities. The charity operates on a balanced budget and maintains reserves sufficient to cover at least two months of expenditure. Its FY2023 accounts were audited by Xeinadin Audit Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £34k |
| THE D C TRUST | 1 | £2k |