GLOBAL RAHMAH FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £212,224, which the trustees consider sufficient to cover operational costs for at least one year. The charity reported a net deficit of £155,611 for the year, driven by total expenditure of £1.6 million against incoming resources of £1.4 million. Despite the deficit, the trustees confirm the financial position is sound with no material uncertainties regarding going concern.
What the accounts disclose
“The trustees received no remuneration during 2023 (2022 - £nil). During the year £2,946 (2022 - £nil) was incurred for one trustees' travel costs. There were no other related party transactions.” — page 30
Structured financials (annual return, FY ending 31/10/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £3.3m | £2.7m |
| 31/10/2023 | £1.4m | £1.6m |
| 31/10/2022 | £914k | £1.1m |
| 31/10/2021 | £977k | £548k |
| 31/10/2020 | £390k | £338k |
Common questions
Is GLOBAL RAHMAH FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £212,224, which the trustees consider sufficient to cover operational costs for at least one year. The charity reported a net deficit of £155,611 for the year, driven by total expenditure of £1.6 million against incoming resources of £1.4 million. Despite the deficit, the trustees confirm the financial position is sound with no material uncertainties regarding going concern. Its FY2023 accounts were audited by M Akram & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZAIMAH | 1 | £66k |