ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM)
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £22,245 for the year ended 31 March 2025, resulting in a decrease in total funds from £1,005,114 to £982,869. The trustees have designated the entire unrestricted fund as an emergency reserve to meet obligations in the event of income shortfalls. The independent examiner confirmed that no matters came to their attention that would hinder a proper understanding of the accounts.
What the accounts disclose
“The trustees have undertaken a review of the need for a general reserve to be held by the charitable organisation and have turned its entire unrestricted fund into an emergency reserve to enable AssalaturRahman Islamic Association meet its obligations in the event of shortfall in income or sudden upturn in expenditure.” — page 5
Trustees
- Adejimi Idowu Toheeb Orekoyachair
- Abiodun Idowu Akerele
- Abolanle Fausat Olisa
- Olanrewaju Omotayo Taofeeq Olukotun
- Olasunkanmi Jinadu Wahab
- Sherifat Olufunke Okanlawon
- Sherifat Shode-Taiwo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £228k | £215k |
| 31/03/2024 | £209k | £206k |
| 31/03/2023 | £224k | £164k |
| 31/03/2022 | £151k | £95k |
| 31/03/2021 | £56k | £67k |
Common questions
Is ASSALATUR-RAHMAN ISLAMIC ASSOCIATION (UNITED KINGDOM) financially healthy?
The accounts state that the charity reported a net deficit of £22,245 for the year ended 31 March 2025, resulting in a decrease in total funds from £1,005,114 to £982,869. The trustees have designated the entire unrestricted fund as an emergency reserve to meet obligations in the event of income shortfalls. The independent examiner confirmed that no matters came to their attention that would hinder a proper understanding of the accounts. Its FY2025 accounts were independently examined.