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CHEAM MUSLIM WELFARE SERVICES LIMITED

Registered charity 1198897 · accounts filings on the Charity Commission register · also known as BELMONT AND SUTTON MUSLIM ASSEMBLY ("BASMA")

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Latest income
£1.0m
Latest spending
£103k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a surplus with total income of £1,038,887 and unrestricted reserves of £1,155,180 at year-end. The trustees confirm that reserves are significantly above the stated policy target of three to six months of operating expenditure. The auditors concluded that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: three to six months of regular operating expenditure (estimated between £25,000 and £50,000) (held: £1.2m)
“The trustees have agreed to maintain unrestricted reserves equivalent to three to six months of regular operating expenditure (estimated between £25,000 and £50,000).” — page 3
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Barrow LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.0m
Total spending
£103k
Cost of raising funds
£14k
Reserves (reported)
£59k
Employees
0

Reported reserves equal ~6.9 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Surrey · Sutton

Income and spending

Financial year endIncomeSpending
31/12/2024£1.0m£103k
31/12/2023£222k£34k
31/12/2022£29k£19k

Common questions

Is CHEAM MUSLIM WELFARE SERVICES LIMITED financially healthy?

The accounts state that the charity generated a surplus with total income of £1,038,887 and unrestricted reserves of £1,155,180 at year-end. The trustees confirm that reserves are significantly above the stated policy target of three to six months of operating expenditure. The auditors concluded that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Barrow LLP.