ANSAR FINANCE GROUP LIMITED

Charity Number: 1156023
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Ansar is the leading UK Charity in the domain of ethical Islamic finance; we educate, offer interest-free personal loans and support a debt-free life to UK residents. Lending from pay lenders cause families huge problems and Ansar is there to help if it possibly can by giving interest free loans. Rules apply. Ansar is educating about the harmful effect of interest to individuals and society.

Income and expenditure

Data for financial year ending 31 March 2024

Total income: £75,376
Total expenditure: £65,603

People

4 Trustee(s)

5 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Other Finance
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 05 March 2014: Standard registration
Organisation type:
Charitable company
Other names:
  • AFG OR ANSAR (Working name)
Company number:
03038595 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Financial Conduct Authority
Policies:
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

4 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Anjum Zulfiqar Chair 29 January 2017
None on record
NASEER NAZAR Trustee 12 November 2017
None on record
Mohammad Rafiq Trustee 13 February 2016
None on record
Abid Ahmed Satwilkar Trustee 25 May 2015
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £86.78k £79.52k £106.37k £102.69k £75.38k
Total expenditure £62.20k £49.39k £51.54k £78.73k £65.60k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 16 January 2025 On Time
Accounts and TAR 31 March 2024 16 January 2025 On Time Download Open in new window
Annual return 31 March 2023 29 December 2023 On Time
Accounts and TAR 31 March 2023 29 December 2023 On Time Download Open in new window
Annual return 31 March 2022 29 December 2022 On Time
Accounts and TAR 31 March 2022 29 December 2022 On Time Download Open in new window
Annual return 31 March 2021 23 December 2021 On Time
Accounts and TAR 31 March 2021 23 December 2021 On Time Download Open in new window
Annual return 31 March 2020 21 December 2020 On Time
Accounts and TAR 31 March 2020 21 December 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 28/03/1995 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 07/06/2009 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 26/10/2013 as amended on 28 Jul 2019

Charitable objects

THE CHARITY’S OBJECTS (“OBJECTS”) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: 4.1 TO ADVANCE THE RELIGION OF ISLAM FOR THE BENEFIT OF THE PUBLIC IN ACCORDANCE WITH THE TEACHINGS OF THE QUR’AN AND THE PROPHET MUHAMMAD (PEACE BE UPON HIM). 4.2 TO ADVANCE THE PROMOTION AND IMPLEMENTATION OF THE ETHICAL AND MORAL GUIDANCE OF ISLAM IN ALL FINANCIAL AFFAIRS, INCLUDING WITHOUT LIMITATION IN MATTERS OF EQUITABLE FINANCIAL RELATIONSHIPS AND CHARITABLE GIVING, FOR THE BENEFIT OF THE PUBLIC. 4.3 TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE GUIDANCE OF ISLAM IN ALL FINANCIAL AFFAIRS, INCLUDING WITHOUT LIMITATION BY THE PROVISION OF PUBLIC COURSES, LECTURES, CONFERENCES, LEAFLETS, TEXTBOOKS, BROADCASTS AND DIGITAL MATERIALS, AND TO PROMOTE AND CONDUCT RESEARCH (INCLUDING PILOT STUDIES) IN THAT SUBJECT FOR THE PUBLIC BENEFIT AND TO PUBLISH THE USEFUL RESULTS. 4.4 THE RELIEF OF FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, OF PEOPLE LIVING IN THE UNITED KINGDOM BY MAKING INTEREST-FREE LOANS (WITH EQUITABLE AND FLEXIBLE RULES ON DEFERRING REPAYMENT WHERE THE RECIPIENT FINDS IT DIFFICULT TO REPAY) AND GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES. 4.5 THE RELIEF OF FINANCIAL HARDSHIP BY THE PROVISION OF FREE DEBT ADVICE AND ASSISTANCE BASED ON THE ETHICAL AND MORAL GUIDANCE OF ISLAM IN RESPECT OF FINANCIAL AFFAIRS TO PERSONS WHO, THROUGH A LACK OF MEANS, WOULD OTHERWISE BE UNABLE TO OBTAIN SUCH ADVICE. 4.6 THE RELIEF OF FINANCIAL NEED AND SUFFERING AMONG VICTIMS OF NATURAL OR OTHER KINDS OF DISASTERS, WARS, CIVIL STRIFE, CATASTROPHES OR CRISES (INCLUDING ENVIRONMENTAL OR ECONOMIC CRISES) IN ANY PART OF THE WORLD IN THE FORM OF MONEY (OR OTHER MEANS DEEMED SUITABLE) FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES SO AFFECTED. 4.7 TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE SOCIALLY AND ECONOMICALLY DISADVANTAGED ISLAMIC COMMUNITY OF THE UNITED KINGDOM IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY, AND HELP MEET, THEIR FINANCIAL NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY. 4.8 TO MAKE INTEREST FREE LOANS AND/OR GRANTS TO OTHER CHARITABLE ORGANISATIONS WHO PROMOTE OR ADVANCE ANY OF THE OBJECTS OF THE CHARITY. 4.9 NOTHING IN THE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

Contact information

Address:
Ansar House
59 Kingsway
Burnage
Manchester
Phone:
01618506161
Email:
admin@ansarfinance.org
Website:

www.ansarfinance.org Open in new window