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AL BADR ISLAMIC TRUST

Registered charity 1045362 · accounts filings on the Charity Commission register · also known as ABRAR ACADEMY, DARUL ULOOM PRESTON, JAMEA AL KAUTHAR

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Latest income
£1.7m
Latest spending
£1.8m
Registered
1995
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net current liability deficit of £456,055, though the trustees consider this manageable due to interest-free loans not being demanded for long periods. The charity holds unrestricted reserves of £5,907,440 and relies on student fees and investment income for funding. The trustees note potential future financial pressures from VAT changes and removal of rates relief.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At the end of December the funds will always be at a low level.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The net current asset liabilities is significantly in deficit, the trustees consider that the Karz Hassana (Interest free loans given for charitable purposes) are not demanded by the lenders for long periods of time, although legally they are payable on demand.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by SKM Chartered Accountants. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.7m
Total spending
£1.8m
Reserves (reported)
£5.9m
Employees
56

Reported reserves equal ~40.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/12/2024£1.7m£1.8m
31/12/2023£1.6m£1.6m
31/12/2022£1.5m£1.6m
31/12/2021£1.5m£1.5m
31/12/2020£1.6m£1.3m

Common questions

Is AL BADR ISLAMIC TRUST financially healthy?

The accounts state that the charity reported a net current liability deficit of £456,055, though the trustees consider this manageable due to interest-free loans not being demanded for long periods. The charity holds unrestricted reserves of £5,907,440 and relies on student fees and investment income for funding. The trustees note potential future financial pressures from VAT changes and removal of rates relief. Its FY2024 accounts were audited by SKM Chartered Accountants.