TORBAY ISLAMIC CENTRE
Providing facilities for Islamic religious activities in Torbay. Providing education on Islam to local schools and other groups.
Financial health, per its FY2025 accounts
The charity reported a net surplus of £10,112 for the year, with total income of £57,524 against charitable expenditure of £47,412. Total net assets stood at £306,827, comprising unrestricted funds of £29,599 and restricted funds of £2,635, alongside tangible fixed assets valued at £274,593. The trustees maintain a reserves policy to hold funds for two years' operating costs and note that additional funds are being retained for future mosque extension purposes.
What the accounts disclose
“The policy is to hold enough funds to meet two years' operating costs of the Mosque.”
“A late AGM was held in the office of 144 Avenue RD because of the Month of Ramadan in March & April with only the trustees, Imam, Simon Ramsden, Alan as the accountant.” — page 5
Trustees
- YOUSIF AHMED AL-NASSARchair
- Dr FREDERICK MAHAMMAD DAVIS-ALI
- Simon Ramsden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £58k | £47k |
| 31/01/2024 | £74k | £101k |
| 31/01/2023 | £31k | £23k |
| 31/01/2022 | £27k | £29k |
| 31/01/2021 | £22k | £17k |
Common questions
Is TORBAY ISLAMIC CENTRE financially healthy?
Per its FY2025 accounts: The charity reported a net surplus of £10,112 for the year, with total income of £57,524 against charitable expenditure of £47,412. Total net assets stood at £306,827, comprising unrestricted funds of £29,599 and restricted funds of £2,635, alongside tangible fixed assets valued at £274,593. The trustees maintain a reserves policy to hold funds for two years' operating costs and note that additional funds are being retained for future mosque extension purposes. Its FY2025 accounts were independently examined.