ABU FAISAL TRUST
Raising funds and donating to appropriate charitable causes.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net expenditure deficit of £33,156 for the year, resulting in a decrease in unrestricted funds from £106,882 to £73,726. Despite the deficit, the trustees report a positive bank balance of £75,654 and assert that the charity has the capacity to undertake more projects. The financial statements were prepared on a going concern basis with no material uncertainties disclosed.
What the accounts disclose
“Unrestricted funds are needed: • to ensure its core activity could continue during a period of unforseen difficulty • to maintain a contingency reserve to safeguard the charity in the event of unforeseen circumstances”
Trustees
- Afsana Mahmood
- Aleena Mohammed
- Nabeela Mirza
- SHAGUFTA NAWAZ
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £297k | £331k |
| 31/12/2023 | £354k | £294k |
| 31/12/2022 | £260k | £278k |
| 31/12/2021 | £206k | £199k |
| 31/12/2020 | £171k | £122k |
Common questions
Is ABU FAISAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net expenditure deficit of £33,156 for the year, resulting in a decrease in unrestricted funds from £106,882 to £73,726. Despite the deficit, the trustees report a positive bank balance of £75,654 and assert that the charity has the capacity to undertake more projects. The financial statements were prepared on a going concern basis with no material uncertainties disclosed. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £5k |
Charities like this
- FHS TRUST LIMITED
- YAD VEACHISOMOCH L'CHAIM
- AL RISALAH EDUCATION TRUST
- FAIZAN-E-MADINA MOSQUE COMMITTEE (TRUST)
- BEDFORDSHIRE CHARITABLE TRUST LIMITED
- SALAHUDDIN TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ABU FAISAL TRUST | £297k | — | 0 | unclear | — | no doubt |
| FHS TRUST LIMITED | £1.9m | £60,001 - £70,000 | 1 | below | — | noted |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| AL RISALAH EDUCATION TRUST | £1.5m | — | 0 | unclear | — | no doubt |
| FAIZAN-E-MADINA MOSQUE COMMITTEE (TRUST) | £536k | Under £60,000 | 0 | unclear | — | no doubt |
| BEDFORDSHIRE CHARITABLE TRUST LIMITED | £372k | — | 0 | unclear | — | no doubt |