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NATIONAL WAQF FUND

Registered charity 1197053 · accounts filings on the Charity Commission register

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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.

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.

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).

Trustees

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?

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.