AL-MAHMOOD FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £109,088, representing a significant increase from the previous year's £58,594. The organization reports a net incoming resource of £50,494 for the year, derived from gross incoming resources of £201,986 against charitable costs of £5,807. However, the trustees note that the going concern basis is dependent on continuing grant aid, indicating a reliance on future funding.
What the accounts disclose
“The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.” — page 10
Trustees
- ATHAR MAHMOOD
- MR MUHAMMAD SALIM
- OMARAH YASIN
- TAHIR MAHMOOD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £202k | £151k |
| 31/12/2023 | £192k | £181k |
| 31/12/2022 | £178k | £228k |
| 31/12/2021 | £97k | £122k |
| 31/12/2020 | £112k | £102k |
Common questions
Is AL-MAHMOOD FOUNDATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £109,088, representing a significant increase from the previous year's £58,594. The organization reports a net incoming resource of £50,494 for the year, derived from gross incoming resources of £201,986 against charitable costs of £5,807. However, the trustees note that the going concern basis is dependent on continuing grant aid, indicating a reliance on future funding. Its FY2024 accounts were independently examined.