INTERNATIONAL WAQF FUND
Fundraising and distribution to charitable programmes
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £20,938 for the year ended 31 December 2024, primarily due to the absence of a £400,000 grant from its parent company. However, the trustees confirm the charity remains in a healthy financial position with unrestricted reserves of £234,594, which exceed the policy target of six months of core operating costs estimated at £200,000.
What the accounts disclose
“One member of staff earned more than £60,000 in the year (2023: Nil)” — page 18
“The policy sets a target to maintain unrestricted reserves equivalent to six months of core operating costs, currently estimated at £200,000.”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Corporate structure
- Registered company of the charity Companies House 08612172
Company officers (Companies House)
- ABBAS, Shaher, Dr on trustee list
- AHMED, Ari Hasan Ahmed, Dr on trustee list
- AHMED, Maqbool on trustee list
- AZIZ, Aqsa Noreen, Dr on trustee list
- SAMSUDDIN, Magdalena Binti not on trustee list
- AVDUKIC, Alija on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Dr Aqsa Noreen Azizchair
- ALIJA AVDUKIC
- Dr Ari Hasan Ahmed Ahmed
- Dr Shaher Abbas
- Maqbool Ahmed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £360k | £381k |
| 31/12/2023 | £852k | £325k |
| 31/12/2022 | £1.0m | £369k |
| 31/12/2021 | £762k | £366k |
| 31/12/2020 | £730k | £401k |
Common questions
Is INTERNATIONAL WAQF FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of £20,938 for the year ended 31 December 2024, primarily due to the absence of a £400,000 grant from its parent company. However, the trustees confirm the charity remains in a healthy financial position with unrestricted reserves of £234,594, which exceed the policy target of six months of core operating costs estimated at £200,000. Its FY2024 accounts were audited by Grant Thornton UK LLP.
Who funds INTERNATIONAL WAQF FUND?
Funders whose own accounts filings name INTERNATIONAL WAQF FUND as a grant recipient include MOTHER AND CHILD WELFARE ORGANISATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MOTHER AND CHILD WELFARE ORGANISATION | FY2022 | £1k | General Donations |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KINDGIVING FOUNDATION | 1 | £25k |
Charities like this
- THE WAQF FUND
- I WAQF CHARITABLE TRUST
- NATIONAL WAQF FUND
- ISRAELI CHARITY FOUNDATION
- DA'WATUL ISLAM UK AND EIRE LIMITED
- MATW PROJECT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INTERNATIONAL WAQF FUND | £360k | — | 1 | above | — | no doubt |
| THE WAQF FUND | £563k | — | 0 | unclear | — | no doubt |
| I WAQF CHARITABLE TRUST | £283k | — | 0 | unclear | — | no doubt |
| NATIONAL WAQF FUND | £1.9m | — | 0 | unclear | — | no doubt |
| ISRAELI CHARITY FOUNDATION | £124k | — | 0 | unclear | — | no doubt |
| DA'WATUL ISLAM UK AND EIRE LIMITED | £2.4m | — | 0 | unclear | — | no doubt |