ISLAMIC CENTRE OF ENGLAND LIMITED
Financial health, per its FY2022 accounts
The accounts state that unrestricted and restricted funds were £1,162,390 and £2,960,543 respectively at the end of the year. The trustees report that the charity's financial position is manageable despite economic pressures, with no material uncertainty regarding going concern. The charity holds a substantial amount of fixed assets, primarily freehold property valued in excess of £1.5 million.
What the accounts disclose
Charity Commission inquiry
“The Charity Commission has opened a statutory inquiry into the Islamic Centre of England Limited over serious governance concerns.”
“The Commission has identified that the trustees have failed to fully comply with the Action Plan and Official Warning and a number of further regulatory concerns also remain.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Mir Abbas Hussainchair
- Dr Sayyid Tahir Haider Zaidi Wasti
- Hassan Poreya Yazdi
- JAFAR ALI NAJM
- Mehreen Amjad
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £635k | £560k |
| 31/12/2023 | £473k | £614k |
| 31/12/2022 | £576k | £622k |
| 31/12/2021 | £486k | £607k |
| 31/12/2020 | £625k | £563k |
Common questions
Is ISLAMIC CENTRE OF ENGLAND LIMITED financially healthy?
The accounts state that unrestricted and restricted funds were £1,162,390 and £2,960,543 respectively at the end of the year. The trustees report that the charity's financial position is manageable despite economic pressures, with no material uncertainty regarding going concern. The charity holds a substantial amount of fixed assets, primarily freehold property valued in excess of £1.5 million. Its FY2022 accounts were audited by WC & Co Chartered Accountants.