NATIONAL WAQF FUND

Registered charity 1197053 · accounts filings on the Charity Commission register

Islamic endowment management

Objects

FOR THE PUBLIC BENEFIT AND AS A PRACTICAL EXPRESSION OF THE ISLAMIC FAITH, TO ADVANCE SUCH CHARITABLE PURPOSES AS THE CHARITY TRUSTEES FROM TIME TO TIME IN THEIR ABSOLUTE DISCRETION THINK FIT BY PROVIDING GRANTS TO CHARITIES AND ORGANISATIONS WHO FOCUS ON: 2.1 THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF PROGRAMS THAT SPECIFICALLY TARGET THE EDUCATION OF CHILDREN AS WELL AS ADULTS, THROUGH INFRASTRUCTURE, TRAINING AND SCHOLARSHIP PROGRAMMES. 2.2 TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITY IN THE UK IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY, AND HELP MEET, THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY. 2.3 THE PROMOTION OF RACIAL AND RELIGIOUS HARMONY FOR THE PUBLIC BENEFIT BY: * PROMOTING KNOWLEDGE AND MUTUAL UNDERSTANDING BETWEEN DIFFERENT RACIAL AND RELIGIOUS GROUPS;* ADVANCING EDUCATION AND RAISING AWARENESS ABOUT DIFFERENT RACIAL AND RELIGIOUS GROUPS TO PROMOTE GOOD RELATIONS BETWEEN PERSONS OF DIFFERENT RACIAL AND RELIGIOUS GROUPS;* WORKING TOWARDS THE ELIMINATION OF DISCRIMINATION ON THE GROUNDS OF RACE OR RELIGION. 2.4 THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISION OF: * RELIEF AND ASSISTANCE TO PEOPLE WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE IN PARTICULAR BY THE SUPPLY OF MEDICAL AID TO SUCH PERSONS;* GOODS/SERVICES TO THOSE IN POVERTY OR FINANCIAL HARDSHIP WHICH THEY COULD NOT OTHERWISE AFFORD THROUGH LACK OF MEANS;* EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT. 2.5 TO ASSIST IN THE TREATMENT AND CARE OF PERSONS SUFFERING FROM MENTAL OR PHYSICAL ILLNESS OF ANY DESCRIPTION OR IN NEED OF REHABILITATION AS A RESULT OF SUCH ILLNESS, BY THE PROVISION OF FACILITIES FOR WORK AND RECREATION. 2.6 SUCH OTHER PURPOSES WHICH MAY BE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Religious Activities · Human Rights/religious Or Racial Harmony/equality Or Diversity · website · Get email alerts

Latest income
£1.9m
Latest spending
£379k
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total funding received increased significantly to £1,913,239, resulting in unrestricted reserves of £361,242. The trustees report that the charity remains reliant on separate donations to cover operational expenditures in the short-to-medium term. However, the independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Payments to trustees: One trustee received £8,500 in fees.
“During the year, one of the trustees received a fee of £8,500 (2023: £2,040) for services provided to The Waqf.” — page 40
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee fee
“During the year, one of the trustees received a fee of £8,500 (2023: £2,040) for services provided to The Waqf.” — page 40
“The company owned by the key donor also gave a loan of £1.3 million to the Waqf. This was treated at arm's length.” — page 40
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan from donor's company
“During the year, one of the trustees received a fee of £8,500 (2023: £2,040) for services provided to The Waqf.” — page 40
“The company owned by the key donor also gave a loan of £1.3 million to the Waqf. This was treated at arm's length.” — page 40
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Prestons & Jacksons Partnership LLP. Discloses 4 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

7 registered titles in England and Wales held by the charity’s company or corporate body (4 freehold); recorded price paid £1.4m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 09/12/2024)

Total income
£1.9m
Total spending
£379k
Cost of raising funds
£33k
Reserves (reported)
£60k
Employees
3

Reported reserves equal ~1.9 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (84% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.7% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
09/12/2024£1.9m£379k
09/12/2023£468k£242k
09/12/2022£24k£3k

Common questions

Is NATIONAL WAQF FUND financially healthy?

Per its FY2024 accounts: The accounts state that total funding received increased significantly to £1,913,239, resulting in unrestricted reserves of £361,242. The trustees report that the charity remains reliant on separate donations to cover operational expenditures in the short-to-medium term. However, the independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Prestons & Jacksons Partnership LLP.

Who funds NATIONAL WAQF FUND?

Funders whose own accounts filings name NATIONAL WAQF FUND as a grant recipient include KINDGIVING FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
KINDGIVING FOUNDATIONFY2024£25k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
MOTHER AND CHILD WELFARE ORGANISATION1£1k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE WAQF FUND.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NATIONAL WAQF FUND£1.9m—0unclear—no doubt
THE WAQF FUND FY2024£563k—0unclear—no doubt
INTERNATIONAL WAQF FUND FY2024£491k—1above—no doubt
HUDHAYFAH BIN AL YAMAAN ISLAMIC CENTRE FY2025£129k—0unclear—no doubt
UNITED KINGDOM ISLAMIC MISSION FY2025£338k—0unclear—no doubt
THE WAQF TRUST FY2025£106k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.