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ST MARY'S WAQF

Registered charity 313916 · accounts filings on the Charity Commission register

The Trust is to be focused primarily in the Episcopal/Anglican Province of Alexandria but can be used worldwide at the discretion of the trustees, for maintaining and operating educational and training establishments, and assisting other organisations and institutions in advancing education furthering health, relieving poverty, distress and sickness.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Religious Activities · website · Get email alerts

Latest income
£87k
Latest spending
£70k
Registered
1967
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total funds decreased from £2,883,728 to £2,799,448 due to a net expenditure of £84,280, driven by a £101,098 loss on investments. The trustees consider the current level of reserves to be prudent and adequate to meet known future commitments and support the charity's long-term objectives.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none
“Investment income, including deposit account interest, has increased by 9.0% compared to last year.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: adequate level to support regular annual grants and additional urgent funding (held: £2.1m)
“it is the policy of the trustees, within the terms of the Charity, to maintain reserves at an adequate level to support these two needs. While keeping the level of resources under constant review, the trustees consider the current level to be prudent for this purpose.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Rt Rev A J Ball (the chair of the charity until 17th June 2025 and continuing as a trustee) was Bishop in North Africa within the Province of Alexandria during part of the year ended 30th June 2025. As such there could have been perceived to be a conflict of interest between this role and his position within the charity. The trustees were aware of this potential conflict of interest and therefore he was not involved in decisions regarding grants to be paid by the charity.
“The Rt Rev A J Ball (the chair of the charity until 17th June 2025 and continuing as a trustee) was Bishop in North Africa within the Province of Alexandria during part of the year ended 30th June 2025. As such there could have been perceived to be a conflict of interest between this role and his position within the charity. The trustees were aware of this potential conflict of interest and therefore he was not involved in decisions regarding grants to be paid by the charity.” — page 18
“The Jerusalem and the East Mission Trust Limited (the company) when acting as trustee received remuneration in the form of a service charge of £12,926 (2024 - £12,098). £12,926 was owed by the Charity to The Jerusalem and the East Mission Trust Limited in respect of service charge as at 30th June 2025 (2024 - £10,616), and is included as a creditor on the balance sheet.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Jerusalem and the East Mission Trust Limited (the company) when acting as trustee received remuneration in the form of a service charge of £12,926 (2024 - £12,098).
“The Rt Rev A J Ball (the chair of the charity until 17th June 2025 and continuing as a trustee) was Bishop in North Africa within the Province of Alexandria during part of the year ended 30th June 2025. As such there could have been perceived to be a conflict of interest between this role and his position within the charity. The trustees were aware of this potential conflict of interest and therefore he was not involved in decisions regarding grants to be paid by the charity.” — page 18
“The Jerusalem and the East Mission Trust Limited (the company) when acting as trustee received remuneration in the form of a service charge of £12,926 (2024 - £12,098). £12,926 was owed by the Charity to The Jerusalem and the East Mission Trust Limited in respect of service charge as at 30th June 2025 (2024 - £10,616), and is included as a creditor on the balance sheet.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The loan of £160,000 is to The Jerusalem and the East Mission Trust Limited. The service charge made by the company to St Mary's Waaf is adjusted to reflect a 5% interest rate.
“The Rt Rev A J Ball (the chair of the charity until 17th June 2025 and continuing as a trustee) was Bishop in North Africa within the Province of Alexandria during part of the year ended 30th June 2025. As such there could have been perceived to be a conflict of interest between this role and his position within the charity. The trustees were aware of this potential conflict of interest and therefore he was not involved in decisions regarding grants to be paid by the charity.” — page 18
“The Jerusalem and the East Mission Trust Limited (the company) when acting as trustee received remuneration in the form of a service charge of £12,926 (2024 - £12,098). £12,926 was owed by the Charity to The Jerusalem and the East Mission Trust Limited in respect of service charge as at 30th June 2025 (2024 - £10,616), and is included as a creditor on the balance sheet.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 30/06/2024)

Total income
£765k
Total spending
£12k
Reserves (reported)
£2.1m
Employees
0

Per its annual return, largest income source: Other (90% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Algeria · Chad · Djibouti · Egypt · Eritrea · Ethiopia · Libya · Mauritania · Somalia · Tunisia

Income and spending

Financial year endIncomeSpending
30/06/2025£87k£70k
30/06/2024£765k£12k
30/06/2023£55k£55k
30/06/2022£54k£52k
30/06/2021£52k£52k

Common questions

Is ST MARY'S WAQF financially healthy?

Per its FY2025 accounts: The accounts state that total funds decreased from £2,883,728 to £2,799,448 due to a net expenditure of £84,280, driven by a £101,098 loss on investments. The trustees consider the current level of reserves to be prudent and adequate to meet known future commitments and support the charity's long-term objectives. Its FY2025 accounts were independently examined.