BALQEES WELFARE FOUNDATION
For the public benefit, the relief of those in need, by reason of age, ill-health, disability, financial hardship or any other disadvantage in Pakistan with the provision of financial or material aid through the provision of grants to individuals and organisations.
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £3,406,260, which is above the charity's stated policy target of three to five months of unrestricted expenditure. The charity reported a net income of £736,396 for the year, funded primarily by donations from a related party, with no staff costs incurred.
What the accounts disclose
“Principal funding source for the charity is Allied International Trading Ltd, a business setup by Mr. & Mrs. Akhtar who are also the founding trustees of the charity.” — page 7
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, ata level which equates to approximately three to five months unrestricted expenditure.” — page 7
“Two of the founding trustees Mr. Parvez Akhtar and Mrs. Rehana Jabeen Pervez are also major shareholders in Allied International Trading Limited, UK the main donor organisation to the UK charity. Donations Received from: Allied international Trading limited: £1,238,950 (2022 - £1,031.379)” — page 9
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?
Per its FY2023 accounts: The accounts state that unrestricted reserves stood at £3,406,260, which is above the charity's stated policy target of three to five months of unrestricted expenditure. The charity reported a net income of £736,396 for the year, funded primarily by donations from a related party, with no staff costs incurred. Its FY2023 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 |
Charities like this
- BABULILM FOUNDATION UK
- HAYAAT WELFARE TRUST
- MUHAMMAD BILAL WELFARE FOUNDATION
- CHILDREN OF PAKISTAN EARTHQUAKE
- B&Q Foundation
- HASHIM WELFARE HOSPITAL APPEAL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BALQEES WELFARE FOUNDATION | £1.3m | — | 0 | above | — | no doubt |
| BABULILM FOUNDATION UK | £639k | — | 0 | unclear | — | no doubt |
| HAYAAT WELFARE TRUST | £451k | — | 0 | unclear | — | no doubt |
| MUHAMMAD BILAL WELFARE FOUNDATION | £159k | — | 0 | unclear | — | no doubt |
| CHILDREN OF PAKISTAN EARTHQUAKE | £396k | — | 0 | unclear | — | no doubt |
| B&Q Foundation | £2.8m | — | 0 | unclear | — | no doubt |