ISLAMIC SHAKHSIYAH FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £210,544 for the year ended 31 July 2025, driven by income of £1,290,036 against expenditure of £1,500,580. The trustees highlight significant cash flow challenges and debtor recovery risks, leading the auditor to identify a material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the charity’s policy to maintain a balance on unrestricted funds (if possible), which equates to at least one month’s unrestricted payments, equivalent to £80,000, to cover emergency situations that may arise from time to time.” — page 10
“Total remuneration paid to these two trustees amounted to £44,088.51 (2024: £38,468). These transactions constitute related party transactions under FRS 102 Section 33 and the Charities SORP, as the individuals involved are trustees of the charity.”
“During the course of our audit, we noted that certain aspects of the Charity’s internal control environment particularly around financial oversight and debtor management were less robust than would typically be expected for an organisation of this size.” — page 15
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (04/12/2015)
Trustees
- Farah Ahmedchair
- FOZIYA REDDY PGCE
- NADIA QAHTAN AMEEN BSC HONS
- Saima Hussain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.3m | £1.5m |
| 31/07/2024 | £1.4m | £1.4m |
| 31/07/2023 | £1.3m | £1.2m |
| 31/07/2022 | £1.2m | £1.2m |
| 31/07/2021 | £1.2m | £914k |
Common questions
Is ISLAMIC SHAKHSIYAH FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £210,544 for the year ended 31 July 2025, driven by income of £1,290,036 against expenditure of £1,500,580. The trustees highlight significant cash flow challenges and debtor recovery risks, leading the auditor to identify a material uncertainty regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Saleemi Associates.