MAKTAB TARIGHAT OVEYSSI SHAHMAGHSOUDI (SCHOOL OF ISLAMIC SUFISM)
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £2,928,871 and restricted funds at £194,839 at the year end. The trustees hold these reserves as a buffer for operating costs and to support other centres or properties. The charity reported a net income for the year of £174,303, with total income of £222,604 against total expenditure of £100,655.
What the accounts disclose
“The CIO will hold these reserves and further funds as they are received as a buffer for operating costs.” — page 4
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?
The accounts state that unrestricted reserves stood at £2,928,871 and restricted funds at £194,839 at the year end. The trustees hold these reserves as a buffer for operating costs and to support other centres or properties. The charity reported a net income for the year of £174,303, with total income of £222,604 against total expenditure of £100,655. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £616k |
| THE SAIFEE FOUNDATION OF EUROPE | 1 | £502k |
| RANDEREE CHARITABLE TRUST | 1 | £10k |