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AFGHAN EKTA CULTURAL/RELIGIOUS COMMUNITY CENTRE

Registered charity 1088637 · accounts filings on the Charity Commission register

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Latest income
£1.4m
Latest spending
£1.2m
Registered
2001
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total reserves stood at £10,176,453 at 31 December 2023, which is below the charity's stated policy target of maintaining unrestricted funds equivalent to three to six months of expenditure. The charity reported a net expenditure for the year, resulting in a decrease in fund balances from the previous year, while maintaining adequate resources to continue operations as a going concern.

What the accounts disclose

Reserves policy: three to six months of expenditure (held: £10.2m)
“It is the policy of the Afghan Ekta that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by KLSA LLP. Discloses 5 of 6 completeness components.

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

Total income
£1.4m
Total spending
£1.2m
Cost of raising funds
£163k
Reserves (reported)
£10.4m
Employees
7

Reported reserves equal ~103.0 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: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£1.4m£1.2m
31/12/2023£1.5m£1.7m
31/12/2022£1.4m£1.0m
31/12/2021£1.2m£665k
31/12/2020£725k£750k

Common questions

Is AFGHAN EKTA CULTURAL/RELIGIOUS COMMUNITY CENTRE financially healthy?

The accounts state that total reserves stood at £10,176,453 at 31 December 2023, which is below the charity's stated policy target of maintaining unrestricted funds equivalent to three to six months of expenditure. The charity reported a net expenditure for the year, resulting in a decrease in fund balances from the previous year, while maintaining adequate resources to continue operations as a going concern. Its FY2023 accounts were audited by KLSA LLP.