IRON AID FOUNDATION
1) To advance the education of the Muslim community by such means as deemed charitable at law.2) To advance and promote the relief of poverty 3) The relief of sickness and the preservation of good health among the Muslim community.4) To promote social inclusion for the public benefit by preventing people from becoming socially excluded,
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £698,526, while total funds reached £3,295,987. The charity reported a net income increase of £706,220 for the year, driven by significant donations. However, the balance sheet reveals current liabilities exceeding current assets by £658,483, largely due to creditors of £1,212,110.
What the accounts disclose
“Income from: Donations and legacies 3 366,807 678,960 1,045,767”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/01/2025)
Trustees
- LIAQUAT KHAN
- MOHAMED AMEEN KALLA
- Sohail Anjum Syed
- TARIK CHOWDHRY
- Tariq Zaman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £744k | £180k |
| 31/01/2024 | £1.0m | £100k |
| 31/01/2023 | £153k | £75k |
| 31/01/2022 | £2.1m | £186k |
| 31/01/2021 | £50k | £13k |
Common questions
Is IRON AID FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £698,526, while total funds reached £3,295,987. The charity reported a net income increase of £706,220 for the year, driven by significant donations. However, the balance sheet reveals current liabilities exceeding current assets by £658,483, largely due to creditors of £1,212,110. Its FY2024 accounts were audited by Reddy Siddiqui LLP.
Who funds IRON AID FOUNDATION?
Funders whose own accounts filings name IRON AID FOUNDATION as a grant recipient include THE UNHEARD VOICES TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE UNHEARD VOICES TRUST | FY2022 | £2k | Education |
Charities like this
- THE UNITED KINGDOM TURKISH ISLAMIC CULTURAL CENTRE
- MINHAJ-UL-QURAN INTERNATIONAL
- IMAM ALI FOUNDATION
- ISLAMIC AID
- AL KHIDMAH FOUNDATION
- HEALTH FOR ALL (LEEDS) LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| IRON AID FOUNDATION | £744k | — | 0 | unclear | — | no doubt |
| THE UNITED KINGDOM TURKISH ISLAMIC CULTURAL CENTRE | £219k | — | 0 | above | — | no doubt |
| MINHAJ-UL-QURAN INTERNATIONAL | £3.4m | — | 0 | within | — | no doubt |
| IMAM ALI FOUNDATION | £836k | — | 0 | above | — | no doubt |
| ISLAMIC AID | £6.6m | — | 0 | within | — | no doubt |
| AL KHIDMAH FOUNDATION | £164k | — | 0 | unclear | — | no doubt |