THE LEBANESE WELFARE SHIA ITHNA ASHERI TRUST
Promote Day to Day Religious Activities
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £57,084 for the year ended 31 May 2025, resulting in a decrease in total reserves to £3,883,017. The Trustees consider the charity's reserves to be adequate to meet day-to-day expenditure and have access to sufficient resources to meet any deficit, noting that no minimum level of reserves is required to be maintained. The charity holds significant unrestricted funds of £3,846,054, primarily derived from the revaluation of its freehold property.
What the accounts disclose
“All donations are unrestricted funds.” — page 14
Trustees
- BILAL NAHLEchair
- Ali Kanso
- HUSSEIN ELOTA ENGINEER
- Philip Farhat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £41k | £98k |
| 31/05/2024 | £47k | £98k |
| 31/05/2023 | £138k | £145k |
| 31/05/2022 | £61k | £101k |
| 31/05/2021 | £124k | £68k |
Common questions
Is THE LEBANESE WELFARE SHIA ITHNA ASHERI TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £57,084 for the year ended 31 May 2025, resulting in a decrease in total reserves to £3,883,017. The Trustees consider the charity's reserves to be adequate to meet day-to-day expenditure and have access to sufficient resources to meet any deficit, noting that no minimum level of reserves is required to be maintained. The charity holds significant unrestricted funds of £3,846,054, primarily derived from the revaluation of its freehold property. Its FY2025 accounts were independently examined.