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.
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
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.