HIDAYA FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net excess of receipts over payments of £5,468 for the period ending 31 March 2024, resulting in closing cash funds of £48,959. The trustees' report indicates that the charity holds unrestricted reserves to cope with emergency repairs and unpredicted spending, though no specific policy target amount is stated. Total receipts of £160,998 were largely derived from tuition fees (£87,503) and other sources such as subletting (£19,000), while total payments amounted to £155,530.
What the accounts disclose
“The policy of our charity is to hold a minimum reserve amount (Not specified) to be able to cope with emergency repairs and unpredicted spending.” — page 3
Trustees
- AFOUF DJAMEL
- Ahmed-Omar Greinch
- OGBI BARHOUM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £172k | £165k |
| 31/03/2024 | £161k | £156k |
| 31/03/2023 | £140k | £97k |
| 31/03/2022 | £109k | £77k |
| 31/03/2021 | £57k | £54k |
Common questions
Is HIDAYA FOUNDATION financially healthy?
The accounts state that the charity generated a net excess of receipts over payments of £5,468 for the period ending 31 March 2024, resulting in closing cash funds of £48,959. The trustees' report indicates that the charity holds unrestricted reserves to cope with emergency repairs and unpredicted spending, though no specific policy target amount is stated. Total receipts of £160,998 were largely derived from tuition fees (£87,503) and other sources such as subletting (£19,000), while total payments amounted to £155,530.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 2 | £315k |
| RANDEREE CHARITABLE TRUST | 1 | £10k |