Al Khidma
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £112,758 for the year ended 31 December 2024, with total income of £526,460 primarily from donations. Per the trustees' report, the charity remains in a stable financial position with unrestricted reserves of £34,464, which the trustees consider sufficient for current requirements. However, the notes disclose that the charity's activities are entirely dependent on continuing grant aid and voluntary donations, creating a dependency on uncertain future funding streams.
What the accounts disclose
“The Trustees are of the opinion that the free reserves of £34,464 (2024: £12,837) are sufficient for the charities current requirements.” — page 7
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 15
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Khuram Shahzadchair
- Amjad Ali
- Sanam Hussan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £526k | £414k |
| 31/12/2023 | £212k | £207k |
| 31/12/2022 | £119k | £112k |
| 31/12/2021 | £20k | £19k |
Common questions
Is Al Khidma financially healthy?
The accounts state that the charity generated a net surplus of £112,758 for the year ended 31 December 2024, with total income of £526,460 primarily from donations. Per the trustees' report, the charity remains in a stable financial position with unrestricted reserves of £34,464, which the trustees consider sufficient for current requirements. However, the notes disclose that the charity's activities are entirely dependent on continuing grant aid and voluntary donations, creating a dependency on uncertain future funding streams. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ADDERSTONE FOUNDATION | 1 | £1.2m |
| THE JD FOUNDATION | 1 | £561k |