KNOWLEDGE IS LIGHT FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £3,500 for the year ended 31 March 2024, with total incoming resources of £322,174 against resources expended of £318,674. Per the balance sheet, net assets and accumulated reserves stood at £43,564, representing an increase from the previous year's £40,064. The trustees report that systems are in place to mitigate major risks and maintain sufficient reserves for flexibility and working capital.
What the accounts disclose
“The Trustees aim to maintain sufficient reserves so as to give flexibility to cover temporary timing differences for donations received, adequate working capital for core costs and which allow them to respond quickly to the needs of the Trust.” — page 2
Trustees
- ABDUL GAFFAR TAYOB
- MAHOMED FARUK IBRAHIM PATEL
- NAUMAN ZAHID SHEIKH
- WAHID ABDUL SATTAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £324k | £335k |
| 31/03/2024 | £322k | £319k |
| 31/03/2023 | £389k | £362k |
| 31/03/2022 | £321k | £315k |
| 31/03/2021 | £90k | £84k |
Common questions
Is KNOWLEDGE IS LIGHT FOUNDATION financially healthy?
The accounts state that the charity achieved a surplus of £3,500 for the year ended 31 March 2024, with total incoming resources of £322,174 against resources expended of £318,674. Per the balance sheet, net assets and accumulated reserves stood at £43,564, representing an increase from the previous year's £40,064. The trustees report that systems are in place to mitigate major risks and maintain sufficient reserves for flexibility and working capital. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| MENDAN LIMITED | 1 | £27k |
| SAYSER DEVELOPMENTS LTD | 1 | £21k |
| S C K CHARITABLE TRUST | 1 | £11k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |
| KEREN TRUST | 1 | £4k |