ALFANAR
Alfanar assists organisations in the Arab region that are improving the lives and opportunities of the communities they serve. Alfanar's partners, who may be start up or more established organisations, take enduring and entrepreneurial approaches and are committed to finding diverse ways to generate income. Alfanar provides them with a combination of financial support, advice and expertise.
Financial health, per its FY2024 accounts
The accounts state that total income decreased by 19.2% to £1.98 million, resulting in a deficit that was covered by free reserves. The charity's free reserves fell to £90,000, which is below the stated policy target of six months' projected expenditure, though the Board remains confident in its going concern status due to existing multi-year funding agreements.
What the accounts disclose
“62.2% of income (£1,289k) raised in 2024 to be unrestricted” — page 35
“This is below the reserves target range, covering four months’ projected expenditure.”
“Alfanar seconds around 10% of the time of its Executive Director, Operations Director, Finance Manager and Communications Manager to support Alfanar, Inc., US with outreach and engagement, Board reporting and annual filings.”
“The financial activities of Stichting Alfanar are included in the Group financial statements. For the purposes of these financial statement and accounting purposes, Stichting Alfanar is a subsidiary of the UK registered charity.” — page 29
“Alfanar seconds around 10% of the time of its Executive Director, Operations Director, Finance Manager and Communications Manager to support Alfanar, Inc., US with outreach and engagement, Board reporting and annual filings.”
“The financial activities of Stichting Alfanar are included in the Group financial statements. For the purposes of these financial statement and accounting purposes, Stichting Alfanar is a subsidiary of the UK registered charity.” — page 29
“To further the objects of the Charity, the Trustees established a trading subsidiary ‘Beacon Social Capital’, which was incorporated on 27 December 2018 (No. 11741458).” — page 28
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- LUBNA OLAYANchair
- Evguenia Stoitchkova
- Hani Kablawi
- Joud Abdel Majeid
- Sherif Foda
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.0m | £2.8m |
| 31/12/2023 | £2.5m | £2.5m |
| 31/12/2022 | £2.5m | £2.1m |
| 31/12/2021 | £2.1m | £2.0m |
| 31/12/2020 | £2.2m | £1.8m |
Common questions
Is ALFANAR financially healthy?
Per its FY2024 accounts: The accounts state that total income decreased by 19.2% to £1.98 million, resulting in a deficit that was covered by free reserves. The charity's free reserves fell to £90,000, which is below the stated policy target of six months' projected expenditure, though the Board remains confident in its going concern status due to existing multi-year funding agreements. Its FY2024 accounts were audited by Sayer Vincent LLP.
Who funds ALFANAR?
Funders whose own accounts filings name ALFANAR as a grant recipient include LIFE GENERATION LIMITED, THEIRWORLD, THE ASFARI FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| LIFE GENERATION LIMITED | FY2022 | £177k | Impact Lebanon |
| THEIRWORLD | FY2022 | £60k | Global Education |
| THE ASFARI FOUNDATION | FY2023 | £60k | Youth Learning, Entrepreneurship, and Innovation |
| THEIRWORLD | FY2021 | £8k | Global Education |
Funders of similar charities
Charities like this
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ALFANAR | £2.0m | — | — | below | — | no doubt |
| "IF..." | £3.0m | — | 0 | above | 10.0% | no doubt |
| THE ASFARI FOUNDATION | £4.2m | — | — | unclear | — | no doubt |
| Alabare | £12.7m | £80,001 - £90,000 | 1 | below | — | no doubt |
| AL-FALAH SOCIETY (ESSAR) | £118k | — | 0 | unclear | — | no doubt |
| ALFURQAN ACADEMY | £394k | — | 0 | unclear | — | no doubt |