LONDON COLNEY ISLAMI CENTRE ST ALBANS
Educational and religious activities provided for local muslim community
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of (4,943) GBP, resulting in unrestricted reserves of 53,051 GBP. The trustees' report indicates that current reserves are adequate based on their knowledge and experience, despite the deficit for the year. The charity holds significant fixed assets (tangible assets) valued at 187,172 GBP against long-term liabilities of 136,250 GBP.
What the accounts disclose
“The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for twelve months ahead.” — page 4
Trustees
- Mohammed Bablachair
- Abul Bashar Ali
- Abul Boshor
- MR A KHAN
- MR A LAIS
- MR A MIAH
- MR A SHAHID
- MR M MIAH
- Mohammed Salim Ahmed
- Mr A KHALIQUE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £35k |
| 31/12/2023 | £20k | £27k |
| 31/12/2022 | £20k | £27k |
| 31/12/2021 | £27k | £29k |
| 31/12/2020 | £26k | £29k |
Common questions
Is LONDON COLNEY ISLAMI CENTRE ST ALBANS financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net movement in funds of (4,943) GBP, resulting in unrestricted reserves of 53,051 GBP. The trustees' report indicates that current reserves are adequate based on their knowledge and experience, despite the deficit for the year. The charity holds significant fixed assets (tangible assets) valued at 187,172 GBP against long-term liabilities of 136,250 GBP. Its FY2024 accounts were independently examined.