THE WORLD FEDERATION OF KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITIES
Financial health, per its FY2024 accounts
The accounts state that total income increased by £1,132,403 to £15,915,991, while resources expended rose by £2,986,730 to £15,352,276, resulting in a net movement in funds of £617,515. The charity reports unrestricted reserves of £15,735,830, which the trustees note are above the stated policy target of three months of projected operating costs. The trustees assert the charity is a going concern entity with adequate resources to continue operations.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Ali Abbas Murtaza Rashid Hasham
- Habib Meghjee
- Mohsin Musa
- Safder Ahmed Ali Jaffer
- Sajjad Rajan
- Zuhair Muntazar Hirji
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £15.9m | £15.4m |
| 31/12/2023 | £14.8m | £12.4m |
| 31/12/2022 | £20.0m | £14.9m |
| 31/12/2021 | £12.9m | £10.4m |
| 31/12/2020 | £10.5m | £11.5m |
Common questions
Is THE WORLD FEDERATION OF KHOJA SHIA ITHNA-ASHERI MUSLIM COMMUNITIES financially healthy?
The accounts state that total income increased by £1,132,403 to £15,915,991, while resources expended rose by £2,986,730 to £15,352,276, resulting in a net movement in funds of £617,515. The charity reports unrestricted reserves of £15,735,830, which the trustees note are above the stated policy target of three months of projected operating costs. The trustees assert the charity is a going concern entity with adequate resources to continue operations. Its FY2024 accounts were audited by Price Bailey LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MIRZA SHARIF AHMAD FOUNDATION | 1 | £5.6m |
| MAJLIS ANSARULLAH (UK) LTD | 1 | £265k |
| THE IMAM HUSSEIN FOUNDATION | 1 | £2k |