THE AFNAN LIBRARY TRUST
Maintaining, developing and expanding the collection of books, manuscripts and archive material of the late Hasan M Balyuzi as the core collection of a research library (The Afnan Library) in accordance with Mr Balyuzi's testamentory wishes.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £4,675 for the year ended June 2025, driven by an unrealised loss on investments, though unrestricted income exceeded unrestricted expenditure. Per the trustees' report, the charity maintains unrestricted funds of £774,456 and states its reserves policy is to maintain a sum sufficient to meet estimated ongoing maintenance costs. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trust's policy on reserves is to maintain a sum sufficient to meet the estimated ongoing maintenance costs of the collection.” — page 4
“Only one of the trustees, Ms Carmel Momen, received payment for professional or other services supplied to the Trust of £13,416 (2024: £11,161).” — page 16
Trustees
- Carmel Cunningham Momen
- Dr MOOJAN MOMEN
- Dr Shirin Fozdar-Foroudi
- Iqan Shahidighamsari
- Manijeh Afnan-Murray
- Payam Foroudi
- ROBERT BALYUZI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 20/06/2025 | £34k | £32k |
| 20/06/2024 | £26k | £26k |
| 20/06/2023 | £226k | £20k |
| 20/06/2022 | £7k | £18k |
| 20/06/2021 | £17k | £19k |
Common questions
Is THE AFNAN LIBRARY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £4,675 for the year ended June 2025, driven by an unrealised loss on investments, though unrestricted income exceeded unrestricted expenditure. Per the trustees' report, the charity maintains unrestricted funds of £774,456 and states its reserves policy is to maintain a sum sufficient to meet estimated ongoing maintenance costs. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.