THE MAINSTAY FOUNDATION

Registered charity 1166017 · accounts filings on the Charity Commission register

The Mainstay Foundation primarily awards grants to organisations to assist them in their activities in line with the objectives of the charity. The objective of the charity is to assist the advancement of Shia Muslim communities globally in the areas of Religion, Education and Development. The Mainstay Foundation also establish some initiatives, such as events, in line with its objectives.

Objects

THE OBJECTS OF THE CIO ARE:3.1 THE ADVANCEMENT OF THE RELIGION OF ISLAM IN ACCORDANCE WITH THE PRINCIPLES AND TENETS OF THE SHIA ITHNA ASHARI MUSLIM FAITH;3.2 THE ADVANCEMENT OF EDUCATION AMONG ADHERENTS OF THE SHIA ITHNA ASHARI MUSLIM FAITH BY PROVIDING SUPPORT TO INSTITUTIONS AND SCHOLARSHIPS TO INDIVIDUALS; AND3.3 THE ADVANCEMENT OF COMMUNITY DEVELOPMENT, PRIMARILY FOR THE BENEFIT OF ADHERENTS OF THE SHIA ITHNA ASHARI MUSLIM FAITH WORLDWIDE, BY MEANS INCLUDING:3.3.1 THE RELIEF OF POVERTY AND THE IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES AND AMONG VULNERABLE GROUPS;3.3.2 THE PROMOTION OF NATIONAL AND INTERNATIONAL CONFLICT RESOLUTION AND RECONCILIATION; AND3.3.3 THE RELIEF OF FINANCIAL NEED AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTER.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Economic/community Development/employment · Human Rights/religious Or Racial Harmony/equality Or Diversity · Other Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £569,580 for the year ended 31 March 2025, with total income of £5,717,606 and total expenditure of £5,147,426. Per the trustees' report, unrestricted reserves stood at £1,756,163, which is above the stated policy target range of £750,000 to £1,100,000.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by MHA. Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Campaigns and political activity policy and procedures
• Complaints handling
• Complaints policy and procedures
• Conflicting interests
• Engaging external speakers at charity events policy and procedures
• Financial reserves policy and procedures
• Internal charity financial controls policy and procedures
• Internal risk management policy and procedures
• Investing charity funds policy and procedures
• Paying staff
• Risk management
• Safeguarding policy and procedures
• Safeguarding vulnerable beneficiaries
• Serious incident reporting policy and procedures
• Social media policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures
• Volunteer management

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Source: this charity’s annual returns on the Charity Commission register.

Public fundraising profile: JustGiving — The Mainstay Foundation - UK (matched by registered charity number).

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Reported reserves equal ~4.1 months of spending — below the median for charities its size (median 4.7 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.1% of total income — below the median for charities its size (5.3%) (benchmarks).

Trustees · trustee networks

• Mohammad Marashichair · trustee of 1 other charity
• Dr Riyaz Amirali Kaba
• HAIDAR BAHAR AL-ALOOM
• HASSAN ALI MOHAMMEDMAHDI AL-HAKEEM

Trustee list from the Charity Commission register (current, not historical).

Operates in: Austria · Denmark · Germany · India · Iraq · Italy · Kenya · Madagascar · Malawi · Netherlands · Rwanda · Scotland

Income and spending

Common questions

Known funders

Grants to this charity found in funders’ own accounts filings.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ELDEST FOUNDATION.

• THE ELDEST FOUNDATION income £137k
• MUSLIM SPORTS FOUNDATION income £366k
• HAAYA FOUNDATION income £589k
• MINHAS CHARITABLE TRUST income £44k
• NEW MARSTON LIMITED income £4.1m
• THE MUSLIM YOUTH FOUNDATION income £210k

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.