ALPHA RELIEF FUND
To promote charitable causes by, amongst other acts as the Trustees deem fit, making bequests to registered charities in order promote the following:-- The relief of sickness and the preservation of health among people anywhere in the world;- The prevention or relief of poverty or financial hardship anywhere in the world b providing or assisting in the provision of educational, training,
Financial health, per its FY2024 accounts
The charity holds unrestricted reserves of £2,282,299, which the trustees state are available for working capital and objectives. The accounts are prepared on a going concern basis, with the auditor confirming no material uncertainties exist regarding the charity's ability to continue operations. The charity relies on voluntary donations and trustee support for funding.
What the accounts disclose
“The Trustees have established a policy where unrestricted funds are not committed to any other purpose than the working capital of the charity and to the charity’s objectives and policies.” — page 5
“During the year, the Charity made advances of £Nil (2023 - £2,400) to a company owned by A Shahed and N Shahed, Alpha Business Investments Limited. This amount was repaid during the year, and at the year end there were no amounts included within other debtors (2023 - £2,400) in relation to this.” — page 22
“After the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the trustees.” — page 7
Structured financials (annual return, FY ending 31/12/2020)
Trustees
- Arshad Ahmad Shahedchair
- Bilal Shahed
- Humza Qureshi
- Nighat Shahed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £113k | £88k |
| 31/12/2023 | £110k | £126k |
| 31/12/2022 | £109k | £184k |
| 31/12/2021 | £166k | £191k |
| 31/12/2020 | £2.4m | £53k |
Common questions
Is ALPHA RELIEF FUND financially healthy?
Per its FY2024 accounts: The charity holds unrestricted reserves of £2,282,299, which the trustees state are available for working capital and objectives. The accounts are prepared on a going concern basis, with the auditor confirming no material uncertainties exist regarding the charity's ability to continue operations. The charity relies on voluntary donations and trustee support for funding. Its FY2024 accounts were audited by Barnes Roffe Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZOUQ FOUNDATION | 1 | — |
| PENNY APPEAL | 1 | £1.3m |
| ACTIONAID | 1 | £275k |
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £211k |
| JIGSAW CHARITY | 1 | £151k |
| GOODWILL CARAVAN | 1 | £140k |
| THE CMA WELFARE TRUST | 1 | £71k |
| SYRIAN REFUGEE RELIEF FUND | 1 | £49k |
Charities like this
- ALYMOS LTD
- JOHN LAING CHARITABLE TRUST
- THE ALAN BRENTNALL CHARITABLE TRUST
- J E JOSEPH CHARITABLE FUND
- KTRUST LIMITED
- GOODWILL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ALPHA RELIEF FUND | £113k | — | 0 | above | — | no doubt |
| ALYMOS LTD | £401k | — | 0 | above | — | no doubt |
| JOHN LAING CHARITABLE TRUST | £2.5m | — | — | unclear | — | no doubt |
| THE ALAN BRENTNALL CHARITABLE TRUST | £113k | — | 0 | unclear | — | no doubt |
| J E JOSEPH CHARITABLE FUND | £130k | — | 0 | below | — | no doubt |
| KTRUST LIMITED | £240k | Under £60,000 | 0 | unclear | — | no doubt |