ISLAMIC RELIEF WORLDWIDE
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £275.6 million, with total expenditure reaching £303.8 million, resulting in a net decrease in funds. The charity holds free reserves of £18 million, which the Board considers appropriate against a target of six months of operational budget, while unrestricted reserves stand at £47 million. The trustees confirm that the organization has adequate resources to continue as a going concern through at least June 2026.
What the accounts disclose
“The number of employees with emoluments between £110,000 to £120,000 per annum 1” — page 84
“The free reserves are £18 million (2023: £18 million), representing 12 months of operational budget against a target of 6 months.”
“TIC International Limited is a trading subsidiary of Islamic Relief Worldwide, which supports our fundraising activities by recycling clothes and running charity shops across the UK.” — page 57
Year-over-year changes
- Top pay band moved from £100,001 - £110,000 (FY2023) to £110,001 - £120,000 (FY2024).
Leadership, per the charity’s website
- Nadeem Malik — Interim CEO
- Zia Salik — Interim Director
- Saqeb Mueen — Director
- Asha Ahmad — Director
- Iftikhar Shaheen — CEO
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- HAROUN ATALLAHchair
- Dr Aqsa Noreen Aziz
- Dr Faiza Abdel- Razig Mohammed El Higzi
- Dr Hany Soliman
- Dr Hossam Said
- Dr Muhammad Osman
- Nurhayati Binti Hassan
- Professor Kasim Iqbal Hussain Randeree
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £275.6m | £303.8m |
| 31/12/2023 | £274.7m | £235.1m |
| 31/12/2022 | £234.2m | £193.2m |
| 31/12/2021 | £182.9m | £173.5m |
| 31/12/2020 | £149.0m | £129.5m |
Common questions
Is ISLAMIC RELIEF WORLDWIDE financially healthy?
The accounts state that total income for the year was £275.6 million, with total expenditure reaching £303.8 million, resulting in a net decrease in funds. The charity holds free reserves of £18 million, which the Board considers appropriate against a target of six months of operational budget, while unrestricted reserves stand at £47 million. The trustees confirm that the organization has adequate resources to continue as a going concern through at least June 2026. Its FY2024 accounts were audited by Grant Thornton UK LLP.
What does the highest-paid employee of ISLAMIC RELIEF WORLDWIDE earn?
Per its FY2024 accounts, the highest-paid employee was in the £110,001 - £120,000 band.
Who funds ISLAMIC RELIEF WORLDWIDE?
Funders whose own accounts filings name ISLAMIC RELIEF WORLDWIDE as a grant recipient include SHELTERBOX TRUST, INTERNATIONAL RESCUE COMMITTEE, U.K, THE CMA WELFARE TRUST, CATHOLIC AGENCY FOR OVERSEAS DEVELOPMENT, START NETWORK.
Known funders
| Funder | Year | Amount |
|---|---|---|
| SHELTERBOX TRUST | FY2023 | £747k |
| SHELTERBOX TRUST | FY2022 | £566k |
| INTERNATIONAL RESCUE COMMITTEE, U.K | FY2025 | £287k |
| THE CMA WELFARE TRUST | FY2025 | £135k |
| SHELTERBOX TRUST | FY2024 | £128k |
| CATHOLIC AGENCY FOR OVERSEAS DEVELOPMENT | FY2024 | £96k |
| THE CMA WELFARE TRUST | FY2024 | £96k |
| START NETWORK | FY2024 | £89k |
| GIVE A GIFT | FY2023 | £76k |
| THE CMA WELFARE TRUST | FY2023 | £65k |
| GIVE A GIFT | FY2024 | £62k |
| ETHAR RELIEF | FY2023 | £35k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | FY2023 | £28k |
| THE BIRMINGHAM MOSQUE TRUST LIMITED | FY2023 | £22k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | FY2024 | £10k |
| MOHAMMADI CHARITABLE TRUST | FY2022 | £10k |
| RANDEREE CHARITABLE TRUST | FY2023 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PENNY APPEAL | 1 | £644k |
| SAVE THE MOTHERS TRUST (SMT) | 1 | £5k |
| Evelyn Partners Charitable Trust | 1 | £700 |
| ZAIMAH | 1 | £150 |