AKRAM AID
To relieve financial hardship, distress & suffering among poor people, widows,orphans, victims of natural disasters & other people in need by means of, butnot exclusively, making grants for providing or paying for items, equipment,services, & facilities, including the provision of food, clean water & clothing,medical treatment & cost for attending school for the benefit of the said persons
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £19,088 for the year ended 31 December 2024, with total reserves increasing to £31,565. Unrestricted funds stood at £4,595, which the trustees consider a strong position relative to their monthly running costs of approximately £500. The charity operates on a 100% donation policy for its activities, with administration costs covered by specific donations and gift aid.
What the accounts disclose
“The Charity Commission recommends that, in order to ensure ongoing viability, a charity should hold between 9 and 15 months of total running costs. Akram Aid’s monthly running costs are now approximately £500 and, on this basis, we should be holding between £4,500 and £7,500.” — page 9
Trustees
- Aaliyah Sohail
- Mohammed S Qulzam
- SAIMA SADIQ
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £45k | £26k |
| 31/12/2023 | £47k | £39k |
| 31/12/2022 | £62k | £57k |
Common questions
Is AKRAM AID financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £19,088 for the year ended 31 December 2024, with total reserves increasing to £31,565. Unrestricted funds stood at £4,595, which the trustees consider a strong position relative to their monthly running costs of approximately £500. The charity operates on a 100% donation policy for its activities, with administration costs covered by specific donations and gift aid. Its FY2024 accounts were independently examined.