THE SAIFEE FOUNDATION OF EUROPE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a significant surplus of £18,331,414 for the year ended 31 December 2024, driven largely by a £21 million donation from a related party. Per the trustees' report, unrestricted free reserves stood at £24,780,059, held to meet ongoing costs and charitable objectives, with no stated reserves policy target defined in monetary or time-based terms.
What the accounts disclose
“The policy of the Trust is to hold funds in excess of those needed to meet normal operating costs as this enables the Trust to continue to grant Qardan Hasana loans as and when required.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- AMIRALI TAIBALI KADERBHAI
- Alihussein Yusufali Hassanali
- Dr SIRAJ NATALWALA
- Farazdaq Zainuddin
- HUSAIN SYEDNA MUFADDAL BURHANUDDIN SAIFUDDIN
- IBRAHIM ESMAIL MOHAMMEDALI SHEIKH
- MOHAMMED ESSAJEE
- MUSTANSIR FARAZDAQ ZAINUDDIN
- QAID JOHER EZZUDDIN
- YUNUS ABDULKADER
- ZAINULABEDIN HATIM JAFFERJI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £21.1m | £2.8m |
| 31/12/2023 | £187k | £165k |
| 31/12/2022 | £2.2m | £395k |
| 31/12/2021 | £118k | £120k |
| 31/12/2020 | £119k | £157k |
Common questions
Is THE SAIFEE FOUNDATION OF EUROPE financially healthy?
The accounts state that the charity reported a significant surplus of £18,331,414 for the year ended 31 December 2024, driven largely by a £21 million donation from a related party. Per the trustees' report, unrestricted free reserves stood at £24,780,059, held to meet ongoing costs and charitable objectives, with no stated reserves policy target defined in monetary or time-based terms. Its FY2024 accounts were audited by TC Group.
Who funds THE SAIFEE FOUNDATION OF EUROPE?
Funders whose own accounts filings name THE SAIFEE FOUNDATION OF EUROPE as a grant recipient include DAWAT-E-HADIYAH TRUST (UNITED KINGDOM).
Known funders
| Funder | Year | Amount |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | FY2024 | £21.0m |
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | FY2023 | £80k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZOUQ FOUNDATION | 1 | — |
| SABEEL FOUNDATION | 1 | £424k |
| EPSOM AND EWELL ISLAMIC SOCIETY | 1 | £52k |
| BERNARD LEWIS FAMILY CHARITABLE TRUST | 1 | £29k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOOD | 1 | £12k |
| THE DAKRI CHARITABLE TRUST | 1 | £4k |
| THE ASTOR FOUNDATION | 1 | £3k |
| THE GIBBS CHARITABLE TRUSTS | 1 | £2k |