AVICENNA FOUNDATION
The advancement of education for the public benefit of Muslims in the United Kingdom, who face disadvantage when accessing educational support by means of but not exclusively by grants,bursaries and scholarships and mentoring programmes.
Objects
THE ADVANCEMENT OF EDUCATION FOR THE PUBLIC BENEFIT OF MUSLIMS IN THE UNITED KINGDOM WHO FACE DISADVANTAGE WHEN ACCESSING EDUCATIONAL SUPPORT BY MEANS OF BUT NOT EXCLUSIVELY: A) GRANTS, BURSARIES AND SCHOLARSHIPS; AND B) MENTORING PROGRAMMES.
Financial health, per its FY2024 accounts
The accounts state that the charity had a net surplus of £626,073 for the year ended 31 December 2024, resulting in total unrestricted funds of £1,754,544. The trustees report that the charity is in a healthy position due to effective cost control and consistent donation levels. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The funds the charity holds is to ensure that it has sufficient reserves to cover the costs of managing and administering the charity for the following year. The Trustees consider it prudent that the reserves should be sufficient for the charity's use. The Trustees have approved that all unrestricted reserves will be utilised in helping the charity achieve its objectives.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SAFVAN AYUB ADAMchair
- ASIM HAFIZ
- TALHA AYUB VALLI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £790k |
| 31/12/2023 | £940k | £314k |
Common questions
Is AVICENNA FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity had a net surplus of £626,073 for the year ended 31 December 2024, resulting in total unrestricted funds of £1,754,544. The trustees report that the charity is in a healthy position due to effective cost control and consistent donation levels. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Watergates Ltd.
Charities like this
- AL KHIDMAH FOUNDATION
- ABRAR ISLAMIC FOUNDATION
- THE MUSLIM COUNCIL OF BRITAIN CHARITABLE FOUNDATION
- IMAM ALI FOUNDATION
- AKANJEE FOUNDATION MASJID & ISLAMIC CENTRE
- THE AKHTER EDUCATIONAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AVICENNA FOUNDATION | £1.9m | — | 0 | above | — | no doubt |
| AL KHIDMAH FOUNDATION | £164k | — | 0 | unclear | — | no doubt |
| ABRAR ISLAMIC FOUNDATION | £318k | — | 0 | unclear | — | no doubt |
| THE MUSLIM COUNCIL OF BRITAIN CHARITABLE FOUNDATION | £348k | — | 0 | unclear | — | no doubt |
| IMAM ALI FOUNDATION | £836k | — | 0 | above | — | no doubt |
| AKANJEE FOUNDATION MASJID & ISLAMIC CENTRE | £110k | — | 0 | unclear | — | no doubt |