AL MADAD FOUNDATION
Latest income
£577k
Latest spending
£538k
Registered
2004
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that unrestricted and restricted funds total £346,383, a decrease from the previous year's £579,210. The trustees note that while funds are sufficient for short-term operation due to promised donor support, further financial support would be needed if this support does not continue in the longer term.
What the accounts disclose
Reserves policy: one year's income (held: £346k)
“The reserves of the charity which are carried forward from year to year would rarely exceed the equivalent of one year's income.” — page 5
Per its FY2022 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“Funds available are sufficient to permit the Trust to continue in operation in the short term, given the continued support of the donors has already been promised. Should this support not continue in the longer term, further financial suppoit would need to be sought to replace it.” — page 5
Per its FY2022 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£577k
Total spending
£538k
Reserves (reported)
£83k
Employees
3
Trustees
- BASMA ALIREZAchair
- FAIZA MEYASSAR
- YASMIN ALIREZA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £577k | £538k |
| 31/12/2023 | £280k | £437k |
| 31/12/2022 | £328k | £561k |
| 31/12/2021 | £354k | £476k |
| 31/12/2020 | £867k | £378k |
Common questions
Is AL MADAD FOUNDATION financially healthy?
The accounts state that unrestricted and restricted funds total £346,383, a decrease from the previous year's £579,210. The trustees note that while funds are sufficient for short-term operation due to promised donor support, further financial support would be needed if this support does not continue in the longer term. Its FY2022 accounts were independently examined.