AL-ZAKI
General Charitable Purposes
Latest income
£80k
Latest spending
£87k
Registered
2022
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell to £25,873 at year-end, which is below the trustees' stated policy target of maintaining three to six months of expenditure. The charity reported a net expenditure deficit of £6,663 for the year, funded by drawing down on previous reserves.
What the accounts disclose
Reserves policy: three and six month’s expenditure (held: £26k)
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Dr Jaffer Ahmed Jafferchair
- Nowsheen Jaffer
- Sajida Jaffer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £80k | £87k |
| 31/12/2023 | £84k | £102k |
| 31/12/2022 | £77k | £27k |
Common questions
Is AL-ZAKI financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves fell to £25,873 at year-end, which is below the trustees' stated policy target of maintaining three to six months of expenditure. The charity reported a net expenditure deficit of £6,663 for the year, funded by drawing down on previous reserves. Its FY2024 accounts were independently examined.