MEMON ASSOCIATION UK
We provide welfare services to the poor and needy also to the members of the association. We also provide facilities to help the elderly and health awareness sessions.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds were maintained at a level equating to approximately six months of unrestricted expenditure, meeting the charity's stated reserves policy. The charity reported a net movement in funds of £14,036 for the year, with total unrestricted funds carried forward at £1,526,095.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which equates to approximately six months unrestricted expenditure.” — page 4
Trustees
- SIR IQBAL SACRANIEchair
- ASIF RANGOONWALA
- BASHIR SATTAR
- DR ESMAIL HARUNANI
- HANIF OSMAN DADA
- HAROON KARIM
- NOWSAD ABDUL GANI
- Shamim Hanif Osman
- Waseem Yousuf Adil
- Yousuf Gadit
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £115k | £101k |
| 31/12/2023 | £213k | £203k |
| 31/12/2022 | £126k | £121k |
| 31/12/2021 | £107k | £129k |
| 31/12/2020 | £36k | £71k |
Common questions
Is MEMON ASSOCIATION UK financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds were maintained at a level equating to approximately six months of unrestricted expenditure, meeting the charity's stated reserves policy. The charity reported a net movement in funds of £14,036 for the year, with total unrestricted funds carried forward at £1,526,095. Its FY2024 accounts were audited by KWSR & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £67k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £31k |
| THE MERCERS CHARITABLE FOUNDATION | 1 | £15k |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | 1 | £14k |
| THE WILLIAM DELAFIELD CHARITABLE TRUST | 1 | £10k |
| THE HOBSON CHARITY LIMITED | 1 | £10k |
| THE BRITFORD BRIDGE TRUST | 1 | £5k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |
Charities like this
- THE WORLD MEMON ORGANISATION CHARITABLE FOUNDATION
- MILTON KEYNES MUSLIM ASSOCIATION
- MUIN WELFARE TRUST
- NASSERPURIA MEMON UK
- The Almshouse Association
- WAFA RELIEF
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MEMON ASSOCIATION UK | £115k | — | 0 | above | — | no doubt |
| THE WORLD MEMON ORGANISATION CHARITABLE FOUNDATION | £1.1m | — | 0 | unclear | — | no doubt |
| MILTON KEYNES MUSLIM ASSOCIATION | £382k | — | 0 | unclear | — | no doubt |
| MUIN WELFARE TRUST | £146k | — | 0 | unclear | — | no doubt |
| NASSERPURIA MEMON UK | £122k | — | 0 | unclear | — | no doubt |
| The Almshouse Association | £1.2m | — | — | below | — | no doubt |