Manchester Islamic Educational Trust Ltd

Analysis

Manchester Islamic Educational Trust Ltd is a registered charity in England and Wales, based in Manchester. It was registered in February 1999, 27 years ago. Its declared purposes cover education/training and religious activities, which this site groups under religion. Legally it is a charitable company (Companies House number 03544402). It says it makes grants to organisations and other charitable activities.

In the financial year ending August 2024, Manchester Islamic Educational Trust Ltd reported income of £4.6m and spending of £4.9m, spending 108% of what it took in. Across the 4 years on record, from August 2021 to August 2024, income grew from £3.0m to £4.6m (+54%), an average of +15% a year. The sharpest change came in the year to August 2023, when income rose by 237%. Over the whole period it spent 70% of the income it received.

Among 20,496 England and Wales charities whose main cause is religion and that reported income, Manchester Islamic Educational Trust Ltd sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 98th percentile. Charities of a similar size with the same main cause include Bangor Diocesan Board of Finance BWRDD Cyllid Esgobaeth Bangor (£4.6m), The Corporation of the Cathedral Church of Christ in Liverpool (£4.6m) and St Mellitus College Trust (£4.5m).

In its latest detailed accounts, income came from charitable activities 84%, donations and legacies 13% and investments 2.1%. Charitable activities took 99% of spending and raising funds 0.0%. Reserves of £10.1m would cover about 24 months of spending at that rate. It employed 117 people.

Data notes from the register: The regulator lists this charity's latest annual return or accounts as overdue.