ISLAMIC EDUCATIONAL AND RECREATIONAL INSTITUTE
Latest income
£673k
Latest spending
£729k
Registered
1995
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £55,974 for the year, with total expenditure exceeding total income. However, unrestricted reserves stood at £2,543,341, which the trustees confirm meets their policy target of maintaining at least one month's unrestricted payments (£65,000).
What the accounts disclose
Reserves policy: at least one month’s unrestricted payments, equivalent to £65,000 (held: £2.5m)
“It is the charity’s policy to maintain a balance on unrestricted funds (if possible), which equates to at least one month’s unrestricted payments, equivalent to £65,000” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£673k
Total spending
£729k
Reserves (reported)
£2.5m
Employees
32
Trustees
- ABDUL HAFIZ BHATTI
- AQIQ AKRAM KHAN
- MOHAMMAD ASHRAF KHAN
- MOHAMMAD HANIF KHAN
- Mohammed Asghar Asghar
- ZAHID HAMID ABBASI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £673k | £729k |
| 31/12/2023 | £588k | £711k |
| 31/12/2022 | £630k | £716k |
| 31/12/2021 | £415k | £534k |
| 31/12/2020 | £403k | £552k |
Common questions
Is ISLAMIC EDUCATIONAL AND RECREATIONAL INSTITUTE financially healthy?
The accounts state that the charity reported a net loss of £55,974 for the year, with total expenditure exceeding total income. However, unrestricted reserves stood at £2,543,341, which the trustees confirm meets their policy target of maintaining at least one month's unrestricted payments (£65,000). Its FY2024 accounts were independently examined.