THE QAMAR TRUST
Financial health, per its FY2024 accounts
The accounts state that total funds decreased from £436,341 to £330,210 due to a net deficit of £106,131 for the year. The charity holds unrestricted reserves of £970,436 against restricted liabilities of £640,226, resulting in net current assets of £330,210. The trustees and auditors confirm the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Mohsin Adam Haveliwalachair
- Ibrahim Adam
- Kutubuddin Akuji
- Mohammed Hussain Haveliwala
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.3m |
| 31/12/2023 | £1.1m | £744k |
| 31/12/2022 | £463k | £436k |
| 30/09/2021 | £497k | £409k |
Common questions
Is THE QAMAR TRUST financially healthy?
The accounts state that total funds decreased from £436,341 to £330,210 due to a net deficit of £106,131 for the year. The charity holds unrestricted reserves of £970,436 against restricted liabilities of £640,226, resulting in net current assets of £330,210. The trustees and auditors confirm the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Munir Chaudry Associates.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| VALLI CHARITABLE TRUST | 1 | £2k |
| SAYABAN WELFARE TRUST | 1 | £1k |
| THE IMAM HUSSEIN FOUNDATION | 1 | £1k |