AL-HIKMEH FOUNDATION
Al-Hikmeh Foundation is a support organisation that awards grants to partner organisations that perform work in-line with its charitable objectives to further achieve outcomes that fulfil those objectives. The organisations work towards the relief and prevention of poverty and sickness amongst orphans, widows and other afflicted individuals in Iraq.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £565,123 at the year end, which the trustees consider sufficient and in line with their stated policy target of between £500,000 and £600,000. The charity reported total income of £1,609,541 and charitable expenditure of £1,311,405, resulting in a net surplus for the year. The trustees confirmed that the charity is not reliant on future funding to sustain its going concern position.
What the accounts disclose
“Subsequent to consultation, the Board of Trustees concluded that it is to increase its policy on reserves to be between £500,000 and £600,000 should a reduction in income occur.” — page 8
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr ZAID AHMED ALI THAMERchair
- BASHAR THAMER
- Husain Al-Khoee
- KARAR ELKORISHY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £1.3m |
| 31/12/2023 | £3.7m | £3.7m |
| 31/12/2022 | £3.4m | £3.2m |
| 31/12/2021 | £4.1m | £4.1m |
| 31/12/2020 | £2.0m | £2.0m |
Common questions
Is AL-HIKMEH FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £565,123 at the year end, which the trustees consider sufficient and in line with their stated policy target of between £500,000 and £600,000. The charity reported total income of £1,609,541 and charitable expenditure of £1,311,405, resulting in a net surplus for the year. The trustees confirmed that the charity is not reliant on future funding to sustain its going concern position. Its FY2024 accounts were audited by MHA.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ISLAMIC PROVISION | 1 | £100k |
| RAFAH INTERNATIONAL | 1 | £50k |
| MAJI PATEL FOUNDATION | 1 | £34k |
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £30k |
Charities like this
- IRAQI ORPHAN FOUNDATION
- ALHIKMAH PROJECT
- AS-SALAAM HUMANITARIAN FOUNDATION
- DAR ALHEKMA TRUST
- ALWAHAB FOUNDATION
- AL-IMDAAD FOUNDATION UK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AL-HIKMEH FOUNDATION | £1.6m | — | 0 | unclear | — | no doubt |
| IRAQI ORPHAN FOUNDATION | £351k | — | 0 | unclear | — | no doubt |
| ALHIKMAH PROJECT | £164k | — | 0 | unclear | — | no doubt |
| AS-SALAAM HUMANITARIAN FOUNDATION | £538k | — | 0 | unclear | — | no doubt |
| DAR ALHEKMA TRUST | £101k | — | 0 | unclear | — | no doubt |
| ALWAHAB FOUNDATION | £1.1m | — | 0 | unclear | — | no doubt |