MATW PROJECT
Humanitarian programmes, aid distribution and the furtherance of the Islamic faith
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a net surplus of £2,668,916 for the year, with total funds increasing to £7,636,854. However, the trustees note that the unrestricted general fund reduced by £176,281, placing the free reserves toward the lower end of the policy range. The charity confirmed it has sufficient resources to continue operating for at least twelve months with no material uncertainties identified.
What the accounts disclose
“Total income rose to £67,636,731 (2024: £24,769,457), driven almost entirely by donations and legacies of £67,634,316” — page 30
“The cost of generating funds represented approximately 30.0p for every pound of income raised” — page 32
“the pace of growth during the year placed the unrestricted position toward the lower end of the policy range” — page 31
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Mahmoud Ismailchair
- Farhan Iqbal
- Mohamed Bali
- Rabih El Ayoubi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £67.6m | £65.0m |
| 31/08/2024 | £24.8m | £20.1m |
| 31/08/2023 | £409k | £75k |
Common questions
Is MATW PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a net surplus of £2,668,916 for the year, with total funds increasing to £7,636,854. However, the trustees note that the unrestricted general fund reduced by £176,281, placing the free reserves toward the lower end of the policy range. The charity confirmed it has sufficient resources to continue operating for at least twelve months with no material uncertainties identified. Its FY2025 accounts were audited by Pearlman Rose, Chartered Accountants & Statutory Auditors.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GOODNEWS EVANGELICAL MISSION | 1 | £80k |
| JOHN JACKSON CHARITABLE TRUST | 1 | £28k |
| SOCIETY OF THE HOLY CHILD JESUS CIO | 1 | £25k |
| IHELP GLOBAL | 1 | £24k |
| MOTHER AND CHILD WELFARE ORGANISATION | 1 | £1k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WILLINGDON | 1 | £1k |
Charities like this
- MATTHEW TRUST UK
- THE MATTHEW 25 35 TRUST
- HAZRAT SULTAN BAHU TRUST (UK)
- THE MATTHEW 25 MISSION
- INTERNATIONAL WAQF FUND
- THE MUSLIM SHIA ITHNA-ASHERI JAMAAT OF ESSEX
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MATW PROJECT | £67.6m | — | 0 | below | 30.0% | no doubt |
| MATTHEW TRUST UK | £121k | — | 0 | unclear | — | no doubt |
| THE MATTHEW 25 35 TRUST | £107k | — | 0 | unclear | — | no doubt |
| HAZRAT SULTAN BAHU TRUST (UK) | £3.1m | — | 0 | above | — | no doubt |
| THE MATTHEW 25 MISSION | £255k | — | 0 | above | — | no doubt |
| INTERNATIONAL WAQF FUND | £360k | — | 1 | above | — | no doubt |