THE LATIF FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £80,245 for the year, resulting in a decrease in total net assets from £1,855,125 to £1,774,880. The charity holds significant unrestricted reserves of £1,774,880, although it also reports net current liabilities of £885,630 primarily due to deferred income. The trustees have confirmed the accounts are unaudited and prepared in accordance with UK GAAP.
What the accounts disclose
Trustees
- MOHAMMAD ISHTIAQ LATIFchair
- AAISHA ISHTIAQ LATIF MILNS
- Amir Ishtiaq Latif
- FARAH ISHTIAQ LATIF
- KASHIF ISHTIAQ LATIF
- NAGHMA ISHTIAQ LATIF
- NAZIA ISHTIAQ LATIF
- SEMA ISHTIAQ LATIF AWAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £207k | £287k |
| 29/02/2024 | £216k | £158k |
| 28/02/2023 | £191k | £332k |
| 28/02/2022 | £170k | £151k |
| 28/02/2021 | £317k | £124k |
Common questions
Is THE LATIF FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £80,245 for the year, resulting in a decrease in total net assets from £1,855,125 to £1,774,880. The charity holds significant unrestricted reserves of £1,774,880, although it also reports net current liabilities of £885,630 primarily due to deferred income. The trustees have confirmed the accounts are unaudited and prepared in accordance with UK GAAP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 2 | £720k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| RNH SYNAGOGUE & COLLEGE LTD | 1 | £75k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |