AL BASAR INTERNATIONAL FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £220,805 for the year ended 31 December 2023, resulting in total funds decreasing from £8,015,322 to £7,794,517. Per the trustees' report, unrestricted reserves stand at £1,792,016, which is above the stated policy target of three months of operating costs. The charity confirmed it has sufficient resources to continue operating for at least 12 months with no material uncertainties identified.
What the accounts disclose
“The trustees have set a level equivalent to three months of operating costs for the organisation as a desired level of reserve.” — page 10
“The following subsidiaries have been consolidated into the Charity : - Al Basar International Foundation UAE (license No 150014) - Dubai - Al Basar International Foundation Nigeria (Makkah Specialist Eye Hospital) - Nigeria - Al Noor Eye Hospital, Makka Eye Hospital, a component of Al - Basar Multipurpose Health Service Project (Bangladesh)” — page 22
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DR ADEL AL RUSHOODchair
- DR Muhammed Babar Qureshi
- Dr Aamina Qureshi
- Dr Abdulaziz Adel Abdulaziz Al Rashood
- Dr Abdullah Nasser M Alsuwaidan
- Dr FAREED AL-YAGOUT
- Dr Sikander Ali Arshad
- Emad Al Reshoud
- Essam Zain Al-Abdin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £18.6m | £18.1m |
| 31/12/2023 | £18.0m | £18.2m |
| 31/12/2022 | £18.7m | £16.5m |
| 31/12/2021 | £12.1m | £10.1m |
| 31/12/2020 | £90k | £90k |
Common questions
Is AL BASAR INTERNATIONAL FOUNDATION financially healthy?
The accounts state that the charity reported a net deficit of £220,805 for the year ended 31 December 2023, resulting in total funds decreasing from £8,015,322 to £7,794,517. Per the trustees' report, unrestricted reserves stand at £1,792,016, which is above the stated policy target of three months of operating costs. The charity confirmed it has sufficient resources to continue operating for at least 12 months with no material uncertainties identified. Its FY2023 accounts were audited by Shareef & Co.