BW FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £16,980,827, with unrestricted reserves standing at £15,601,961. The trustees report that the charity's affairs are in a satisfactory position, noting that standing order donations cover operational costs while restricted funds are being utilized for the ongoing Salaam Centre construction project.
What the accounts disclose
“Currently the charity is undergoing a major capital build project, and all funds are raised towards the build. It is felt that there is no reason to maintain any free reserves especially as the standing order donations cover any costs that are not related to the construction – the current free reserves are negligible.” — page 5
“The Foundation has a wholly owned trading subsidiary, BWF Development Company Limited, incorporated in the United Kingdom, company number 06287768, the principal activity of which is the development of building projects.” — page 18
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (24/09/2015)
Trustees
- Dr Zain Sikafi
- MUSTAFA WALJI
- Maryam Asaria
- Minhaal Manji
- Murtaza Versi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.2m | £430k |
| 31/07/2024 | £2.4m | £638k |
| 31/07/2023 | £1.9m | £443k |
| 31/07/2022 | £1.6m | £444k |
| 31/07/2021 | £1.5m | £400k |
Common questions
Is BW FOUNDATION financially healthy?
The accounts state that total funds increased to £16,980,827, with unrestricted reserves standing at £15,601,961. The trustees report that the charity's affairs are in a satisfactory position, noting that standing order donations cover operational costs while restricted funds are being utilized for the ongoing Salaam Centre construction project. Its FY2025 accounts were audited by Deitch Cooper LLP.
Who funds BW FOUNDATION?
Funders whose own accounts filings name BW FOUNDATION as a grant recipient include THE LADY FATEMAH (A.S.) CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | FY2024 | £45k |
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | FY2025 | £31k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| NFL FOUNDATION UK | 1 | £12k |