MANCHESTER ISLAMIC EDUCATIONAL TRUST LTD

Registered charity 1073862 · accounts filings on the Charity Commission register · filing overdue (register status)

Education

Causes: Education/training · Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£4.6m

Latest spending

£4.9m

Registered

1999

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £343,921 for the year, resulting in a decrease in unrestricted funds from £10,442,226 to £10,098,305. The trustees note a net current liability of £2,210,311 but confirm the entity remains a going concern based on recent loan repayments and refinancing plans. Reserves are maintained at a level the trustees consider sufficient to cover at least two months of expenditure.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: School fees (82% of income)

“Our schools' principal funding sources are from school fees, which amounted to £3,757,089” — page 8

Per its FY2024 accounts as filed with the Charity Commission.

Reserves policy: two months (held: £10.1m)

“This policy details that the charity presently maintains unrestricted funds and sufficient asset value to cover unforeseen and major expenditure and shortfalls in income of at least two months.” — page 8

Per its FY2024 accounts as filed with the Charity Commission.

Going concern: noted by the trustees or auditor

“Following the year end, the charity has repaid £1,200,000 of the loans through a new one year bridging facility, with plans to finalise the refinancing of the remaining loans by September 2025; should there be any delays, alternative arrangements can be made with our current lender, Nester Platform Ltd.” — page 18

Per its FY2024 accounts as filed with the Charity Commission.

Payments to trustees: Mr A U Sheikh received £60,000 remuneration

“During the year, the charity paid remuneration of £60,000 (2023: £60,500) to Mr A U Sheikh in addition to their trusteeship.” — page 19

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Trustee Mr F Zaheer advanced a loan

“During the year, one of the trustee Mr F Zaheer has advanced £25,000 (2023: £25,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

“During the year, one of the trustee Mr S B Salam has advanced £100,000 (2023: £100,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Trustee Mr S B Salam advanced a loan

“During the year, one of the trustee Mr F Zaheer has advanced £25,000 (2023: £25,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

“During the year, one of the trustee Mr S B Salam has advanced £100,000 (2023: £100,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Charity Makki Masjid (trustee Mr F Zaheer) advanced a loan

“During the year, one of the trustee Mr F Zaheer has advanced £25,000 (2023: £25,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

“During the year, one of the trustee Mr S B Salam has advanced £100,000 (2023: £100,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Charity British Muslim Heritage Centre (trustees Mr F Zaheer and Mr N Mahmood) advanced a loan

“During the year, one of the trustee Mr F Zaheer has advanced £25,000 (2023: £25,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

“During the year, one of the trustee Mr S B Salam has advanced £100,000 (2023: £100,000) to the charity as a loan. The loan is interest free and repayable on demand.” — page 23

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Ltd. Discloses 4 of 6 completeness components.

Year-over-year changes

Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Property (HM Land Registry)

3 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/08/2024)

Total income

£4.6m

Total spending

£4.9m

Reserves (reported)

£10.1m

Employees

117

Reported reserves equal ~24.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (84% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Farroukh Zaheerchair · trustee of 3 other charities
ABDULKADIR KAWOOYA
Ammar Yasir Rahman · trustee of 1 other charity
Dr Abdullah Al Majid
Dr HAMAD AL MAJED
Dr HAYTHAM AL KHAFFAF
Farhat Javid
IMAD AL-SALAM · trustee of 3 other charities
MR Aman Sheikh
NASAR MAHMOOD · trustee of 2 other charities
SAMER SALAM
Shehzad Anwar Chaudhri

Trustee list from the Charity Commission register (current, not historical).

Operates in: Manchester City

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?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £343,921 for the year, resulting in a decrease in unrestricted funds from £10,442,226 to £10,098,305. The trustees note a net current liability of £2,210,311 but confirm the entity remains a going concern based on recent loan repayments and refinancing plans. Reserves are maintained at a level the trustees consider sufficient to cover at least two months of expenditure. Its FY2024 accounts were audited by Xeinadin Audit Ltd.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE D C TRUST	1	£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX.

THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX income £254k
MADINA-TUL-ULOOM AL ISLAMIYA income £1.1m
TOIMCHEI YOM TOV MANCHESTER income £394k
AL-ISLAH SCHOOLS TRUST income £283k
AHLUL ISTIQAMAH TRUST UK income £160k
LEICESTER ISLAMIC ACADEMY income £1.8m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
MANCHESTER ISLAMIC EDUCATIONAL TRUST LTD	£4.6m	—	—	above	—	noted
THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX FY2025	£254k	—	0	unclear	—	no doubt
MADINA-TUL-ULOOM AL ISLAMIYA FY2025	£1.1m	—	0	unclear	—	no doubt
TOIMCHEI YOM TOV MANCHESTER FY2025	£394k	—	0	unclear	—	no doubt
AL-ISLAH SCHOOLS TRUST FY2025	£283k	—	0	unclear	—	no doubt
AHLUL ISTIQAMAH TRUST UK FY2025	£160k	—	0	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.