QISMAT TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £8,381 for the year ended 29 February 2024, compared to a surplus in the previous year, driven by increased expenditure on charitable activities and support costs. Despite this loss, the charity holds unrestricted reserves of £36,006, which the trustees consider prudent against their policy target of three months of operational costs. The trustees express confidence in the charity's ability to manage its financial position responsibly and continue delivering impactful projects.
What the accounts disclose
“Our target is to maintain reserves equivalent to at least three months of operational costs”
Trustees
- ANTONIO ARENAS LOPEZ
- Peter Matthews
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £213k | £156k |
| 29/02/2024 | £124k | £132k |
| 28/02/2023 | £115k | £114k |
| 28/02/2022 | £138k | £120k |
| 28/02/2021 | £139k | £165k |
Common questions
Is QISMAT TRUST financially healthy?
The accounts state that the charity reported a net loss of £8,381 for the year ended 29 February 2024, compared to a surplus in the previous year, driven by increased expenditure on charitable activities and support costs. Despite this loss, the charity holds unrestricted reserves of £36,006, which the trustees consider prudent against their policy target of three months of operational costs. The trustees express confidence in the charity's ability to manage its financial position responsibly and continue delivering impactful projects. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE IMAM HUSSEIN FOUNDATION | 1 | £1k |