Finance Score: 2

Governance Score: 1

Support Score: 0

Low unrestricted reserves: -2
Reasonable growth: +1
Fundraising costs low: +3

Narrow trustee age band: -2
Dynamic board: +3

No supporters identified

Overall GiG Score: 3

NATIONAL ZAKAT FOUNDATION (NZF)

National Zakat Foundation (NZF) is a national charity which enables local Muslims to connect their Zakat to those who need it in the UK. NZF provides support to individuals and families in need through grants for Hardship Relief, Housing & Work, and Education.NZF also helps educate Zakat givers about calculating and giving Zakat correctly.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Established: 11 years

www.nzf.org.uk

finance@nzf.org.uk

03333123123

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22	£7,777	£7,541	£236	£642	£3,714	£1,725	2.7	26	10
31/12/21	£6,278	£5,688	£590	£474	£3,478	£1,630	3.4	23	10
31/12/20	£6,346	£5,219	£1,127	£322	£2,888	£1,356	3.1	19	8
31/12/19	£3,810	£4,268	£-458	£234	£1,802	£1,408	4	15	10
31/12/18	£4,638	£4,535	£103	£273	£2,260	£2,255	6	24	11
31/12/17	£4,946	£4,760	£186	£157	£2,157	£512	1.3	25	0
31/12/16	£3,440	£2,740	£700	£153	£1,971	£95	0.4	19	0
31/12/15	£2,508	£1,873	£635	£141	£1,272	£65	0.4	12	0
31/12/14	£1,701	£1,490	£211	£209	£637	£68	0.5	8	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 8.3%
Fundraising Costs/Total Spending: 8.5%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 46%
Reserves/Spending: 2.7 months
Net Current Assets/Spending: 6 months
Quick Ratio: 32.2

Asset Split ?

Listed activities

Economic/Community Development/Employment
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides services

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Defined Groups

Who works here?

26 employees
10 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
City Bridge Trust - Grant to National Zakat Foundation
£16,900	09/07/2015	£16,900 over 12 months for the development of NZF's investment model, with the balance of funding raised in the form of pro bono support.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 39-51

ANISA HANIF Appointed: 2021, Occupation: Lawyer

AZIM UL HASAN KIDWAI Appointed: 2014, Occupation: Manager, Other trusteeship: BRADFORD DISTRICT COMMUNITY FOUNDATION,

SULTAN CHOUDHURY (Chair) Appointed: 2013, Occupation: Managing Director Of A Bank An

SHIRAZ HUSSAIN Appointed: 2024, Occupation: Chartered Accountant

SHORFUL ISLAM Appointed: 2024, Occupation: Chief Product & Data Officer

Legal constitution

Charitable company registered in England & Wales on 06/09/2013, number: 1153719
Registered at Companies House on 20/05/2013, number: 08536743

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

9 returns made; all on time

Recent reorganisation events:

Asset transfer in from TREEED on 24/02/2022

Main office

124 CITY ROAD
LONDON
EC1V 2NX

Objectives

a) To prevent or relieve poverty or financial hardship in the UK or anywhere in the world by providing or paying for items, services or facilities that fulfil their needs for Muslims and other individuals in need. b) to develop the capacity and skills of the members of the Muslim community in the UK or anywhere in the world in such a way that they are better able to identify, and help meet, their needs more and to participate more fully in societyc) to advance the education of the public in general (and particularly amongst Muslims) on the subject of Zakat and voluntary giving. d) to advance the religion of Islam for the benefit of the public through the promotion of Zakat and voluntary giving and to enlighten others about Zakat and voluntary giving.

Data Sources