AL MAJID WELFARE TRUST
Financial health, per its FY2025 accounts
The accounts state that total funds increased from £1,656,049 to £1,896,665, driven by a surplus of income over expenditure. The charity holds significant unrestricted reserves of £1,05,949 (converted from the balance sheet presentation) and maintains cash assets totaling £1,533,000. Liabilities are minimal, consisting primarily of a £70,000 loan and small current liabilities.
What the accounts disclose
Trustees
- Barkat Alichair
- Nazneen A Ali
- Shabnam Ahmed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 02/01/2025 | £304k | £64k |
| 02/01/2024 | £285k | £54k |
| 02/01/2023 | £240k | £44k |
| 02/01/2022 | £283k | £41k |
| 02/01/2021 | £162k | £11k |
Common questions
Is AL MAJID WELFARE TRUST financially healthy?
The accounts state that total funds increased from £1,656,049 to £1,896,665, driven by a surplus of income over expenditure. The charity holds significant unrestricted reserves of £1,05,949 (converted from the balance sheet presentation) and maintains cash assets totaling £1,533,000. Liabilities are minimal, consisting primarily of a £70,000 loan and small current liabilities. Its FY2025 accounts were independently examined.