AB LAHER CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity secured £23,620 in unrestricted rental income and incurred £15,141 in expenditure, resulting in a net surplus for the period. At the end of the period, the charity held £60,457 in unrestricted reserves and £147,019 in restricted cash reserves. The trustees have a stated policy not to retain any funds as reserves, preferring to use surpluses for future charitable expenditure.
What the accounts disclose
“THE TRUSTEES HAVE A POLICY NOT TO RETAIN ANY FUNDS AS RESERVES, BUT ALL SURPLUSES WILL BE USED FOR FUTURE CHARITABLE EXPENDITURE, ACQUIRING PROPERTY INVESTMENTS AND ADMINISTRATIVE COSTS.”
Trustees
- MOHAMMAD NAJEEB PATELchair
- MAHMED AMIN ESSOP LAHER
- MOHAMEDRAFI AHOMED PATEL
- SHABIR AHMED ESSOP LAHER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £218k | £215k |
| 30/06/2024 | £24k | £15k |
| 30/06/2023 | £110k | £406k |
| 30/06/2022 | £245k | £64k |
| 30/06/2021 | £212k | £228k |
Common questions
Is AB LAHER CHARITABLE TRUST financially healthy?
The accounts state that the charity secured £23,620 in unrestricted rental income and incurred £15,141 in expenditure, resulting in a net surplus for the period. At the end of the period, the charity held £60,457 in unrestricted reserves and £147,019 in restricted cash reserves. The trustees have a stated policy not to retain any funds as reserves, preferring to use surpluses for future charitable expenditure.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |