NATIONAL ZAKAT FOUNDATION (NZF)
National Zakat Foundation (NZF) is a national charity which enables local Muslims to connect their Zakat to those who need it in the UK. NZF provides support to individuals and families in need through grants for Hardship Relief, Housing & Work, and Education.NZF also helps educate Zakat givers about calculating and giving Zakat correctly.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net incoming resource surplus of £1,285,964 for the year ended 31 December 2024, with total unrestricted reserves of £2,118,953. Per the trustees' report, these unrestricted reserves exceed the stated policy target of three months of non-distribution costs, which was set at £678,000 for the year. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The number of employees with emoluments between £60,000 to £70,000 per annum” — page 54
“The number of employees with emoluments between £60,000 to £70,000 per annum” — page 54
“The main source of our income was Zakat, comprising £8,011,147 (2023: £7,108,873).”
“The cost of raising funds was a further 6.7% (2023: 6.3%) of total spending, covered entirely by Sadaqah and Gift Aid funds.”
“In 2024, NZF paid £24,000 (2023: £24,000) to NZF Worldwide in License Fees as part of a brand licensing agreement and £24,000 (2023: £28,494) to NZF Worldwide as part of a Service Level Agreement. A further £30,000 was paid in 2024 in relation to 2023 expenditure.” — page 59
“During 2024, NZF entered into two investment arrangements through OFFA, a related party. As at end of the year, £111,272 was held with OFFA as investments and income of £3,943 was received in the year.”
“In 2024, NZF paid £24,000 (2023: £24,000) to NZF Worldwide in License Fees as part of a brand licensing agreement and £24,000 (2023: £28,494) to NZF Worldwide as part of a Service Level Agreement. A further £30,000 was paid in 2024 in relation to 2023 expenditure.” — page 59
“During 2024, NZF entered into two investment arrangements through OFFA, a related party. As at end of the year, £111,272 was held with OFFA as investments and income of £3,943 was received in the year.”
“In 2024, NZF paid £24,000 (2023: £24,000) to NZF Worldwide in License Fees as part of a brand licensing agreement and £24,000 (2023: £28,494) to NZF Worldwide as part of a Service Level Agreement. A further £30,000 was paid in 2024 in relation to 2023 expenditure.” — page 59
“During 2024, NZF entered into two investment arrangements through OFFA, a related party. As at end of the year, £111,272 was held with OFFA as investments and income of £3,943 was received in the year.”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 2 (FY2024).
In the news
Corporate structure
- Registered company of the charity Companies House 08536743
Leadership, per the charity’s website
- Mufti Amjad Mohammed — Chief Sharia Officer
Company officers (Companies House)
- HUSSAIN, Shiraz on trustee list
- ISLAM, Shorful, Dr on trustee list
- HANIF, Anisa Yasmin on trustee list
- CHOUDHURY, Sultan Ahmed on trustee list
- SIDAT, Shakil
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (24/02/2022)
Trustees
- SULTAN CHOUDHURYchair
- Anisa Hanif
- Shiraz HUSSAIN
- shorful islam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £10.2m | £8.9m |
| 31/12/2023 | £9.0m | £9.7m |
| 31/12/2022 | £7.8m | £7.5m |
| 31/12/2021 | £6.3m | £5.7m |
| 31/12/2020 | £6.3m | £5.2m |
Common questions
Is NATIONAL ZAKAT FOUNDATION (NZF) financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net incoming resource surplus of £1,285,964 for the year ended 31 December 2024, with total unrestricted reserves of £2,118,953. Per the trustees' report, these unrestricted reserves exceed the stated policy target of three months of non-distribution costs, which was set at £678,000 for the year. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of NATIONAL ZAKAT FOUNDATION (NZF) earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 2 employees earned over £60,000.
Who funds NATIONAL ZAKAT FOUNDATION (NZF)?
Funders whose own accounts filings name NATIONAL ZAKAT FOUNDATION (NZF) as a grant recipient include PRISM THE GIFT FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| PRISM THE GIFT FUND | FY2024 | £664k | End Poverty and Hunger |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 09/07/2015 | £17k | Grant to National Zakat Foundation |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| OLSEN ANIMAL TRUST | 1 | £902k |
| MRS D M FRANCE-HAYHURST FOUNDATION | 1 | £117k |
| THE ANTHONY V MARTIN CHARITABLE FOUNDATION | 1 | £11k |
| GIVE A GIFT | 1 | £10k |
| THE BRITFORD BRIDGE TRUST | 1 | £10k |
| THE ROSE ANIMAL WELFARE TRUST CIO | 1 | £10k |
| THE BERYL EVETTS AND ROBERT LUFF ANIMAL WELFARE TRUST LIMITED | 1 | £9k |
| R G HILLS CHARITABLE TRUST | 1 | £6k |
Charities like this
- M Z AND K Z SHAH FOUNDATION
- ZARINA FOUNDATION
- ABU ZAHRA FOUNDATION
- CHILDREN OF ADAM
- ZIA UL UMMAH FOUNDATION
- AL SAAF FOUNDATION LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NATIONAL ZAKAT FOUNDATION (NZF) | £10.2m | £60,001 - £70,000 | 2 | unclear | 6.7% | no doubt |
| M Z AND K Z SHAH FOUNDATION | £141k | — | 0 | unclear | — | no doubt |
| ZARINA FOUNDATION | £176k | — | 0 | unclear | — | no doubt |
| ABU ZAHRA FOUNDATION | £1.9m | — | 0 | unclear | — | no doubt |
| CHILDREN OF ADAM | £2.4m | — | 0 | above | — | no doubt |
| ZIA UL UMMAH FOUNDATION | £267k | — | 0 | below | — | no doubt |