THE SILK ROUTE
Health Education and supportvulnerable people support Multi Faith GatheringsLanguage Education
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £1,263 for the year ended 31 December 2024, following a surplus in the previous period. Free reserves held at the end of the period were £122,023, which the trustees consider sufficient to support ongoing activities and future acquisitions. The charity's principal sources of funds include donations, grants, and loans, with total receipts decreasing slightly from the prior year.
What the accounts disclose
“Reserves are held to cover the operating costs for the charity and the Arabic school, and to contribute to the fund for the construction/acquisition of a community centre. The trustees aim to maintain free reserves in unrestricted funds” — page 5
Trustees
- Dr REDWAN EL-KHAYATchair
- Monkiz Khasreen
- Syed Mateenul Hussain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £65k | £67k |
| 31/12/2023 | £70k | £37k |
| 31/12/2022 | £72k | £23k |
| 31/12/2021 | £68k | £12k |
| 31/12/2020 | £6k | £84 |
Common questions
Is THE SILK ROUTE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of £1,263 for the year ended 31 December 2024, following a surplus in the previous period. Free reserves held at the end of the period were £122,023, which the trustees consider sufficient to support ongoing activities and future acquisitions. The charity's principal sources of funds include donations, grants, and loans, with total receipts decreasing slightly from the prior year. Its FY2024 accounts were independently examined.