MADAD
Providing assistance in securing of accommodation for individuals in the Shia Imami Ismaili Muslim community who have need of such assistance due to financial hardship or socio-economic need, their age, ill-health or disability. Madad advances education and provides facilities for social welfare, recreation or leisure with the view to improving the quality of life of the people in the Community.
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £3,760,805, with the reserves policy targeting at least twelve months of committed expenditure. The charity reported a surplus for the year and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“Madad maintains unrestricted funds, which are the free reserves of the charity, at a level that is at least twelve months of committed expenditure, excluding financing and other costs covered by committed rental income streams.” — page 7
Trustees
- ARIF PRADHAN
- Mansoor Esmail
- Naushad Nurdin Jivraj
- SALIMAH CURRIMBHOY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £412k | £187k |
| 31/12/2023 | £397k | £194k |
| 31/12/2022 | £374k | £193k |
| 31/12/2021 | £367k | £186k |
| 31/12/2020 | £360k | £189k |
Common questions
Is MADAD financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £3,760,805, with the reserves policy targeting at least twelve months of committed expenditure. The charity reported a surplus for the year and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Fairman Harris.