MUSLIM CULTURAL & WELFARE ASSOCIATION OF SUTTON (MCWAS)
The objects of the charity are set out in the Charity's constitution namely: to promote the Islamic religion, to advance public education in Islamic literature and culture, to promote any other charitable purpose for the benefit of Muslims resident in the London Borough of Sutton
Financial health, per its FY2024 accounts
The accounts state that total unrestricted and restricted funds carried forward were £1,482,149, representing a net increase from the previous year. The charity reported total income of £475,647 against total expenditure of £267,506, resulting in a positive net movement in funds. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Total income 475,647”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Dr Mohamed Rashid Moolachair
- Baris Ugur Varli
- Kamran Iftikhar Sheikh
- Kashif Barlas
- Mamun Khan
- Maryam Ijaz
- Mohamed Ali Mohamed Abubacker
- Olga Koto
- Syed Mohammad Asim Lutfullah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £424k | £268k |
| 31/12/2023 | £642k | £239k |
| 31/12/2022 | £273k | £180k |
| 31/12/2021 | £123k | £80k |
Common questions
Is MUSLIM CULTURAL & WELFARE ASSOCIATION OF SUTTON (MCWAS) financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted and restricted funds carried forward were £1,482,149, representing a net increase from the previous year. The charity reported total income of £475,647 against total expenditure of £267,506, resulting in a positive net movement in funds. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.