BALQEES WELFARE FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that the charity generated a net income of £554,775 for the year ended 31 December 2022, resulting in unrestricted funds of £2,669,864. The trustees report that unrestricted funds were maintained above the policy target of three to five months of unrestricted expenditure throughout the period. The charity had no staff costs and governance costs were minimal at £5,352.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately three to five months unrestricted expenditure.” — page 6
Leadership, per the charity’s website
- Parvez Akhtar — Chairman and Founder
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Parvez Akhtarchair
- Dr Atiq-Ur Rehman
- Dr Shoukat Ali Khan
- MOHAMMED NAJIB KHAN
- Rehana Jabeen Pervez
- Seeima Akhtar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.4m |
| 31/12/2023 | £1.2m | £503k |
| 31/12/2022 | £1.0m | £477k |
| 31/12/2021 | £1.4m | £1.5m |
| 31/12/2020 | £7.0m | £4.7m |
Common questions
Is BALQEES WELFARE FOUNDATION financially healthy?
The accounts state that the charity generated a net income of £554,775 for the year ended 31 December 2022, resulting in unrestricted funds of £2,669,864. The trustees report that unrestricted funds were maintained above the policy target of three to five months of unrestricted expenditure throughout the period. The charity had no staff costs and governance costs were minimal at £5,352. Its FY2022 accounts were audited by Alderton Accountancy Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY | 1 | £5k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £4k |