MAKTAB TARIGHAT OVEYSSI SHAHMAGHSOUDI (SCHOOL OF ISLAMIC SUFISM)
Weekly webcasts & lectures on Sufism, Koran classes & book reading, Tamarkoz (Meditation) classes, translation classes, Farsi classes, ceremonies & other events, interfaith activities, musical performances, arts and crafts and tuition on traditional Iranian instruments
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £3,113,557, which the trustees describe as a buffer for operating costs and support for other centres. The trustees have assessed major risks and are satisfied that systems are in place to mitigate exposure, while the independent auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Related party debtors includes £30,224 (2023 - £18,970) due from MTO Trust. Rental income includes £20,000 (2023 - £20,000) of rent received from MTO College.” — page 22
“Related party debtors includes £30,224 (2023 - £18,970) due from MTO Trust. Rental income includes £20,000 (2023 - £20,000) of rent received from MTO College.” — page 22
“Related party debtors includes £30,224 (2023 - £18,970) due from MTO Trust. Rental income includes £20,000 (2023 - £20,000) of rent received from MTO College.” — page 22
“Related party debtors includes £30,224 (2023 - £18,970) due from MTO Trust. Rental income includes £20,000 (2023 - £20,000) of rent received from MTO College.” — page 22
Trustees
- Elnaz Arjmandi
- HAMID RAHBARI
- Sepeedeh Maryam Dundon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £355k | £327k |
| 31/12/2023 | £238k | £68k |
| 31/12/2022 | £222k | £72k |
| 31/12/2021 | £236k | £101k |
| 31/12/2020 | £318k | £151k |
Common questions
Is MAKTAB TARIGHAT OVEYSSI SHAHMAGHSOUDI (SCHOOL OF ISLAMIC SUFISM) financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £3,113,557, which the trustees describe as a buffer for operating costs and support for other centres. The trustees have assessed major risks and are satisfied that systems are in place to mitigate exposure, while the independent auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by MGR Weston Kay LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROTHSCHILD FOUNDATION (HANADIV) EUROPE | 1 | £898k |
| THE MONTEFIORE ENDOWMENT | 1 | £194k |
| COUNTYPIER LIMITED | 1 | £116k |
| THE ANGLO-AMERICAN CHARITY LIMITED | 1 | £91k |
| THE MARCUS MARGULIES CHARITABLE TRUST | 1 | £72k |
| THE CHARLES WOLFSON CHARITABLE TRUST | 1 | £50k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £50k |
| THE PHILLIPS AND RUBENS CHARITABLE TRUST | 1 | £37k |
Charities like this
- FAIZAN-E-MADINA MOSQUE COMMITTEE (TRUST)
- MADRASSA ZIA-UL QURAN
- AHLUL ISTIQAMAH TRUST UK
- SCHOOL OF SUFI TEACHING
- SUFFAH ISLAMIC EDUCATIONAL AND COMMUNITY CENTRE
- THE LONDON SCHOOL OF JEWISH STUDIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MAKTAB TARIGHAT OVEYSSI SHAHMAGHSOUDI (SCHOOL OF ISLAMIC SUFISM) | £355k | — | 0 | unclear | — | no doubt |
| FAIZAN-E-MADINA MOSQUE COMMITTEE (TRUST) | £536k | Under £60,000 | 0 | unclear | — | no doubt |
| MADRASSA ZIA-UL QURAN | £165k | — | 0 | unclear | — | no doubt |
| AHLUL ISTIQAMAH TRUST UK | £160k | — | 0 | unclear | — | no doubt |
| SCHOOL OF SUFI TEACHING | £201k | — | 0 | unclear | — | no doubt |
| SUFFAH ISLAMIC EDUCATIONAL AND COMMUNITY CENTRE | £120k | — | 0 | unclear | — | no doubt |