PURPOSE OF LIFE
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves amounted to £246,533, which the trustees consider sufficient to maintain current activities. The charity reported a net incoming resource of £136,979 for the year, driven by donations of £2,580,403 against total resources expended of £2,443,424. The trustees expressed satisfaction with the financial results and confirmed no going concern issues.
What the accounts disclose
“unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six-month’s expenditure.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- MOHAMMAD SAJAD HUSSAIN BENG HONSchair
- Asif Ali Zamir
- Dr AJAZ AHMED
- Dr MOHAMMED IMRAN HUSSAIN MBCHB
- KABIR ALI
- Qummer Abass
- Yahya Seedat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.6m | £2.1m |
| 31/03/2024 | £2.6m | £2.4m |
| 31/03/2023 | £1.3m | £1.3m |
| 31/03/2022 | £992k | £1.0m |
| 31/03/2021 | £626k | £608k |
Common questions
Is PURPOSE OF LIFE financially healthy?
The accounts state that unrestricted reserves amounted to £246,533, which the trustees consider sufficient to maintain current activities. The charity reported a net incoming resource of £136,979 for the year, driven by donations of £2,580,403 against total resources expended of £2,443,424. The trustees expressed satisfaction with the financial results and confirmed no going concern issues. Its FY2024 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PENNY APPEAL | 1 | £644k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |
| SAVE THE MOTHERS TRUST (SMT) | 1 | £5k |