GLOBAL AID TRUST LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £38,600 for the year ended 31 December 2023, resulting in total net assets of £73,465. The trustees note that the charity currently does not hold free reserves at the level of its stated policy target, which is equivalent to 3 to 6 months of operation costs. Despite this, the trustees confirm that the charity has adequate resources to continue in operational existence for the next 12 months.
What the accounts disclose
“The company/charity currently does not have free reserves at this level at present” — page 6
Trustees
- Dr ASM ASHRAF MAHMUD
- MD ZIAUL HAQUE
- TARIK NASRULLAH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £132k | £174k |
| 31/12/2023 | £179k | £141k |
| 31/12/2022 | £169k | £211k |
| 31/12/2021 | £183k | £171k |
| 31/12/2020 | £331k | £287k |
Common questions
Is GLOBAL AID TRUST LIMITED financially healthy?
The accounts state that the charity reported a net deficit of £38,600 for the year ended 31 December 2023, resulting in total net assets of £73,465. The trustees note that the charity currently does not hold free reserves at the level of its stated policy target, which is equivalent to 3 to 6 months of operation costs. Despite this, the trustees confirm that the charity has adequate resources to continue in operational existence for the next 12 months. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZAIMAH | 1 | £66k |
| EPSOM AND EWELL ISLAMIC SOCIETY | 1 | £30k |