Beacon of Peace
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves decreased to £88,139 from £139,327 in the prior year, driven by a net movement in funds of negative £51,188 due to charitable grants. The charity holds an unrestricted cash balance of £90,447 to support future activities, and the trustees report confidence in continued operations despite the reduction in reserves.
What the accounts disclose
“Beacon of Peace maintains its reserves to ensure continuity, manage unforeseen expenses, and support future projects. Reserve levels are based on budgeted expenditures, reviewed regularly, and used only for mission-aligned purposes.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ashfaq Ahmad Khan
- KHALIL YOUSUF
- Lutf Ur Rehman
- MIRZA WAQAS AHMAD
- Usman Ahmad
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £553k | £365k |
| 31/12/2023 | £502k | £553k |
| 31/12/2022 | £371k | £396k |
| 31/12/2021 | £495k | £661k |
| 31/12/2020 | £426k | £178k |
Common questions
Is Beacon of Peace financially healthy?
The accounts state that unrestricted reserves decreased to £88,139 from £139,327 in the prior year, driven by a net movement in funds of negative £51,188 due to charitable grants. The charity holds an unrestricted cash balance of £90,447 to support future activities, and the trustees report confidence in continued operations despite the reduction in reserves. Its FY2023 accounts were independently examined.
Who funds Beacon of Peace?
Funders whose own accounts filings name Beacon of Peace as a grant recipient include MAJLIS ANSARULLAH (UK) LTD, WHITEHILL & BORDON COMMUNITY TRUST.
Shared trustees with funders
- KHALIL YOUSUF — trustee here and at MAJLIS ANSARULLAH (UK) LTD
Known funders
| Funder | Year | Amount |
|---|---|---|
| MAJLIS ANSARULLAH (UK) LTD | FY2021 | £44k |
| WHITEHILL & BORDON COMMUNITY TRUST | FY2024 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EXCELLENCE DAY NURSERY, HOLIDAY SCHEME,BEFORE AND AFTERSCHOOL CLUB) | 1 | — |
| GREEN CRESCENT AID UK | 1 | £250 |