MUSLIM WORLD LEAGUE LONDON OFFICE TRUST
Latest income
£772k
Latest spending
£937k
Registered
2017
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves fell to £183,204, which is below the stated policy target of two months' requirements. The charity remains dependent on funding from the Muslim World League in Makkah, with a marked decline in remittances noted during the year.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000 — above the median for charities its size (£60k)
“One employee had emoluments in excess of £60,000 ( 2022:None) .” — page 14
Per its FY2023 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee had emoluments in excess of £60,000 ( 2022:None) .” — page 14
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: two months requirements (held: £183k)
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent at least to two months requirements” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The charity receives most of its funding from the Muslim World League in Makkah, which is identified as the principal donor.
“The principal and major donor is Muslim World League in Makkah (MWLM), Saudi Arabia. It (The Charity ) aims to be self-funding by relying on income it generates . It succeeded in obtaining planning permission to build a commercial unit as well as two residential units which will be rented or leased to generate income to further reduce its reliance on MWLM.” — page 6
“acquired assets and liabilities from The Muslim World League London Office Trust, charitable trust , (registered Charity no. 290098),with the transfer of the Charity's properties freehold titles being completed on 31st July 2018.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The charity acquired assets and liabilities from The Muslim World League London Office Trust, a charitable trust registered number 290098.
“The principal and major donor is Muslim World League in Makkah (MWLM), Saudi Arabia. It (The Charity ) aims to be self-funding by relying on income it generates . It succeeded in obtaining planning permission to build a commercial unit as well as two residential units which will be rented or leased to generate income to further reduce its reliance on MWLM.” — page 6
“acquired assets and liabilities from The Muslim World League London Office Trust, charitable trust , (registered Charity no. 290098),with the transfer of the Charity's properties freehold titles being completed on 31st July 2018.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Portillion SPV1 Limited
“The Charity invested £200,000 in the ordinary share capital of Portillion SPV1 Limited The company went into administration during the year and was bought by BSQ Holdings Ltd.” — page 15
Per its FY2023 accounts as filed with the Charity Commission.
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 1 (FY2023).
Structured financials (annual return, FY ending 31/12/2024)
Total income
£772k
Total spending
£937k
Cost of raising funds
£1k
Reserves (reported)
£1.4m
Employees
7
Register events
- Received assets from another charity (29/04/2022)
- Received assets from another charity (26/07/2019)
Trustees
- H.E. Dr MOHAMMAD ABDULKARIM A ALISSAchair
- Dr HASHEM MOHAMMED ALI MAHDI
- Dr MOHAMMAD SADEEQ NOJOUM
- H.E. Dr ABDULRAHMAN ABDULLAH M ALZAID
- SIR IQBAL ABDUL KARIM MUSSA SACRANIE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £772k | £937k |
| 31/12/2023 | £437k | £715k |
| 31/12/2022 | £334k | £580k |
| 31/12/2021 | £700k | £494k |
| 31/12/2020 | £578k | £482k |
Common questions
Is MUSLIM WORLD LEAGUE LONDON OFFICE TRUST financially healthy?
The accounts state that unrestricted reserves fell to £183,204, which is below the stated policy target of two months' requirements. The charity remains dependent on funding from the Muslim World League in Makkah, with a marked decline in remittances noted during the year. Its FY2023 accounts were independently examined.
What does the highest-paid employee of MUSLIM WORLD LEAGUE LONDON OFFICE TRUST earn?
Per its FY2023 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE IMAM HUSSEIN FOUNDATION | 1 | £2k |