MASTERS FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £142,644 for the year ended 31 December 2024, with total funds increasing to £2,589,188. Per the trustees' report, the charity received gross donations of £583,207 and expended £464,938 on charitable activities. The independent examiner confirmed that no material matters came to their attention regarding the financial statements.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MUSSADIQ ROSHANALI MASTERchair
- MINHAAL MOHEMAD MASTER
- Murtaza Master
- SUHAIL MOHAMED VALJI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £608k | £465k |
| 31/12/2023 | £381k | £521k |
| 31/12/2022 | £1.7m | £338k |
| 31/12/2021 | £258k | £230k |
| 31/12/2020 | £309k | £266k |
Common questions
Is MASTERS FOUNDATION financially healthy?
The accounts state that the charity generated a surplus of £142,644 for the year ended 31 December 2024, with total funds increasing to £2,589,188. Per the trustees' report, the charity received gross donations of £583,207 and expended £464,938 on charitable activities. The independent examiner confirmed that no material matters came to their attention regarding the financial statements. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| THE GRAND CHARITY | 1 | £6.6m |
| NORTHUMBERLAND MASONIC CHARITY ASSOCIATION | 1 | £275k |
| Leicestershire and Rutland Freemasons' Charity (LRFC) | 1 | £187k |
| THE AURORA TRUST | 1 | £50k |
| THE WARWICKSHIRE MASONIC CHARITABLE ASSOCIATION LIMITED | 1 | £40k |
| ATTEND | 1 | £10k |