THE WAQF TRUST
The Charity's objects are:1) the advancement of the Islamic faith by the operation of a Mosque in Lancashire, the holding of prayer meetings and lectures, the provision of spiritual support and guidance and the operation and maintenance of a cemetery; and2) the advancement of education by the provision of financial support to enable individuals to pursue educational opportunities.
Objects
1. THE ADVANCEMENT OF THE ISLAMIC FAITH BY (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) THE OPERATION OF A MOSQUE IN LANCASHIRE, THE HOLDING OF PRAYER MEETINGS AND LECTURES, THE PROVISION OF SPIRITUAL SUPPORT AND GUIDANCE AND THE OPERATION AND MAINTENANCE OF A CEMETERY; AND2. THE ADVANCEMENT OF EDUCATION BY (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) THE PROVISION OF FINANCIAL SUPPORT TO ENABLE INDIVIDUALS TO PURSUE EDUCATIONAL OPPORTUNITIES.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £1,145,194, supported by incoming donations of £106,130 and expenditure of £2,361. The charity holds significant tangible assets valued at £1,274,473, primarily related to the construction of a new mosque, while maintaining a cash balance of £7,970. The trustees report that the trust has sufficient reserves to last for the foreseeable future due to financial support from related parties.
What the accounts disclose
“In view of this the trust has sufficient reserves to last for the foreseeable future.” — page 3
“During the year ended 24 March 2025 aggregate donations were received without conditions from trustees or organisations connected to trustees of £106,130 (2024: £100,508). These donations were received without attached conditions which would, or might, require the charity to alter significantly the nature of its existing activities.” — page 14
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Corporate structure
- Registered company of the charity Companies House 13343759 · Financial health read from its filings
Company officers (Companies House)
- BUX, Isa Yousuf on trustee list
- BUX, Abdullah Yousuf on trustee list
- BUX, Ayyub Vali on trustee list
- BUX, Yousuf Ayyub on trustee list
- ISMAIL, Fatima on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 24/03/2022)
Trustees
- Abdullah Yousuf Bux
- Ayyub Vali Bux
- FATIMA ISMAIL
- Isa Yousuf Bux
- Yousuf Ayyub Bux
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 24/03/2025 | £106k | £2k |
| 24/03/2024 | £101k | £1k |
| 24/03/2023 | £137k | £138k |
| 24/03/2022 | £806k | £600 |
Common questions
Is THE WAQF TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds increased to £1,145,194, supported by incoming donations of £106,130 and expenditure of £2,361. The charity holds significant tangible assets valued at £1,274,473, primarily related to the construction of a new mosque, while maintaining a cash balance of £7,970. The trustees report that the trust has sufficient reserves to last for the foreseeable future due to financial support from related parties. Its FY2025 accounts were independently examined.
Charities like this
- JAMIAT-UL-MUSLEMEEN QUWAT-UL-ISLAM MASJED
- STRATFORD ISLAMIC CULTURAL CENTRE TRUST LIMITED
- REDDITCH MOSQUE TRUST
- EIC AL-MASJID TRUST
- JAMIA MASJID & MADRASSA FAIZ UL QURAN GHOUSIA
- UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WAQF TRUST | £106k | — | 0 | unclear | — | no doubt |
| JAMIAT-UL-MUSLEMEEN QUWAT-UL-ISLAM MASJED | £388k | — | 0 | unclear | — | no doubt |
| STRATFORD ISLAMIC CULTURAL CENTRE TRUST LIMITED | £266k | — | 0 | unclear | — | no doubt |
| REDDITCH MOSQUE TRUST | £119k | — | 0 | unclear | — | no doubt |
| EIC AL-MASJID TRUST | £1.1m | — | 0 | unclear | — | no doubt |
| JAMIA MASJID & MADRASSA FAIZ UL QURAN GHOUSIA | £134k | — | 0 | within | 0.0% | no doubt |