EUROPE TRUST
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £9,445,388, with net current assets of £772,416. The charity maintains sufficient liquid reserves to meet day-to-day running costs, although unrestricted funds are held in a single general fund. The trustees report that the charity generated sufficient incoming resources to make donations in kind estimated at £180,000.
What the accounts disclose
“The charity maintains sufficient liquid reserves to meet the day to day running costs of the charity.” — page 4
“Remuneration of £27,000 (2023 - £27,000) was paid to Key Management Personel.” — page 24
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Abdul Jabbar
- Dr ALI ABU SHWAIMA
- Dr FOUAD ALAOUI BOUARRAQUI
- Dr Nooh Al-Kaddo
- Mohamed Ibrahim
- Sabri Shiref
- Shihab Al-Mahdawi
- Tahir Aydarus
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £969k |
| 31/12/2023 | £1.4m | £1.6m |
| 31/12/2022 | £1.0m | £671k |
| 31/12/2021 | £839k | £498k |
| 31/12/2020 | £591k | £696k |
Common questions
Is EUROPE TRUST financially healthy?
The accounts state that total funds increased to £9,445,388, with net current assets of £772,416. The charity maintains sufficient liquid reserves to meet day-to-day running costs, although unrestricted funds are held in a single general fund. The trustees report that the charity generated sufficient incoming resources to make donations in kind estimated at £180,000. Its FY2024 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE VASEPPI TRUST | 1 | £159k |
| SHREE RAJ SAUBHAG SATSANG MANDAL UK | 1 | £150 |