THE ASFARI FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £3.7 million for the year ended 31 December 2024, primarily due to charitable expenditures exceeding income and unrealised investment losses. However, the trustees confirm that this deficit is covered by drawdowns from unrestricted reserves, which stood at £3.5 million at year-end, well above the stated policy target of £300k to £500k. The charity maintains adequate resources to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“In the band £100,001 - £110,000 1”
“The Reserves policy calls for free reserves to be at least in the range of £300k to £500k.” — page 11
“Marwan Muasher is the Vice President for Studies and Ayman Asfari is a Member of the Board of Trustees at Carnegie Endowment for the International Peace (Carnegie). In 2024, the Foundation granted £286,841 (2023 - £296,435) to the Carnegie Endowment for International Peace.” — page 39
“Ayman Asfari and Marwan Muasher are Trustees of the American University of Beirut. In 2024, the Foundation granted £390,071 (2023 - £613,625) to the University. The Foundation also paid the University £9,573 for provision of Self-Assessment Services.” — page 39
“Marwan Muasher is the Vice President for Studies and Ayman Asfari is a Member of the Board of Trustees at Carnegie Endowment for the International Peace (Carnegie). In 2024, the Foundation granted £286,841 (2023 - £296,435) to the Carnegie Endowment for International Peace.” — page 39
“Ayman Asfari and Marwan Muasher are Trustees of the American University of Beirut. In 2024, the Foundation granted £390,071 (2023 - £613,625) to the University. The Foundation also paid the University £9,573 for provision of Self-Assessment Services.” — page 39
“Marwan Muasher is the Vice President for Studies and Ayman Asfari is a Member of the Board of Trustees at Carnegie Endowment for the International Peace (Carnegie). In 2024, the Foundation granted £286,841 (2023 - £296,435) to the Carnegie Endowment for International Peace.” — page 39
“Ayman Asfari and Marwan Muasher are Trustees of the American University of Beirut. In 2024, the Foundation granted £390,071 (2023 - £613,625) to the University. The Foundation also paid the University £9,573 for provision of Self-Assessment Services.” — page 39
“Marwan Muasher is the Vice President for Studies and Ayman Asfari is a Member of the Board of Trustees at Carnegie Endowment for the International Peace (Carnegie). In 2024, the Foundation granted £286,841 (2023 - £296,435) to the Carnegie Endowment for International Peace.” — page 39
“Ayman Asfari and Marwan Muasher are Trustees of the American University of Beirut. In 2024, the Foundation granted £390,071 (2023 - £613,625) to the University. The Foundation also paid the University £9,573 for provision of Self-Assessment Services.” — page 39
“Marwan Muasher is the Vice President for Studies and Ayman Asfari is a Member of the Board of Trustees at Carnegie Endowment for the International Peace (Carnegie). In 2024, the Foundation granted £286,841 (2023 - £296,435) to the Carnegie Endowment for International Peace.” — page 39
“Ayman Asfari and Marwan Muasher are Trustees of the American University of Beirut. In 2024, the Foundation granted £390,071 (2023 - £613,625) to the University. The Foundation also paid the University £9,573 for provision of Self-Assessment Services.” — page 39
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- AYMAN ASFARIchair
- ADEEB ASFARI
- Dr Marwan Muasher
- John Ferguson
- Kareem Asfari
- RASHA ELMASRY
- SAWSAN ASFARI
- Saba Almubaslat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £352k | £2.7m |
| 31/12/2023 | £4.3m | £4.1m |
| 31/12/2022 | £8.1m | £3.1m |
| 31/12/2021 | £3.0m | £3.1m |
| 31/12/2020 | £3.3m | £3.4m |
Common questions
Is THE ASFARI FOUNDATION financially healthy?
The accounts state that the charity reported a deficit of £3.7 million for the year ended 31 December 2024, primarily due to charitable expenditures exceeding income and unrealised investment losses. However, the trustees confirm that this deficit is covered by drawdowns from unrestricted reserves, which stood at £3.5 million at year-end, well above the stated policy target of £300k to £500k. The charity maintains adequate resources to continue as a going concern with no material uncertainties identified. Its FY2024 accounts were audited by MHA.
What does the highest-paid employee of THE ASFARI FOUNDATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £100,001 - £110,000 band.