SAHARA FOR LIFE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £44,587 at the end of the year, which is below its stated policy target of three to six months' running costs. Per the trustees' report, the charity experienced a significant drop in incoming funds to £184,636 from £535,476 the previous year, resulting in a net expenditure deficit of £381,904.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months running costs.” — page 5
“The trustees are aware of the current level of reserves held and are actively seeking additional sources of funding for the next financial year.” — page 5
Structured financials (annual return, FY ending 30/11/2023)
Trustees
- ABRAR - UL HAQchair
- MR ISRAR CHOUDHARY
- NAEEM JAVED
- Sara Mumtaz
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £185k | £567k |
| 30/11/2023 | £535k | £592k |
| 30/11/2022 | £694k | £668k |
| 30/11/2021 | £423k | £233k |
| 30/11/2020 | £460k | £429k |
Common questions
Is SAHARA FOR LIFE TRUST financially healthy?
The accounts state that the charity held unrestricted reserves of £44,587 at the end of the year, which is below its stated policy target of three to six months' running costs. Per the trustees' report, the charity experienced a significant drop in incoming funds to £184,636 from £535,476 the previous year, resulting in a net expenditure deficit of £381,904. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE IMAM HUSSEIN FOUNDATION | 1 | £1k |