KARIMIA ASSOCIATION LIMITED
Latest income
£3.5m
Latest spending
£1.1m
Registered
2011
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating loss of £53,446 for the year ended 31 March 2024, which was funded from existing reserves. The trustees acknowledge that securing continued funding from members and government authorities remains a key challenge for meeting operating and development costs in the short term.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“The Management Committee is aware, and has a policy, that unrestricted funds held by the charity and not committed or invested in tangible fixed assets should be between 3 and 6 months of expenditure.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Charity is totally dependent on funding from members and government authorities and securing this funding, to meet the operating and development costs remains the key challenge for the management committee over the short term.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£3.5m
Total spending
£1.1m
Cost of raising funds
£12k
Reserves (reported)
£42k
Employees
25
Trustees
- Tariq Nasirchair
- Chaudhry Abdul Wahid
- FAZLI RABBI KHAN
- Jamil Rabbi
- MOHAMMAD IQBAL
- MOHAMMED SULEMAN
- MOHAMMED YOUNAS
- Mohammed Naheem
- Nasir Mamood
- Riaz Khan
- Saher Tariq
- Saima Asad Khan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.5m | £1.1m |
| 31/03/2024 | £973k | £1.0m |
| 31/03/2023 | £968k | £1.1m |
| 31/03/2022 | £879k | £936k |
| 31/03/2021 | £945k | £749k |
Common questions
Is KARIMIA ASSOCIATION LIMITED financially healthy?
The accounts state that the charity reported an operating loss of £53,446 for the year ended 31 March 2024, which was funded from existing reserves. The trustees acknowledge that securing continued funding from members and government authorities remains a key challenge for meeting operating and development costs in the short term. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MIRZA SHARIF AHMAD FOUNDATION | 1 | £5.6m |
| EZER VIZNITZ FOUNDATION | 1 | £595k |
| MAJLIS ANSARULLAH (UK) LTD | 1 | £265k |
| SHAAREI RACHAMIM LIMITED | 1 | £21k |
| PARKWILL LIMITED | 1 | £15k |