QUBA EDUCATION AND CULTURAL ASSOCIATION
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £26,981 for the year, which was covered by prior year surpluses. Per the trustees' report, the charity held £26,880 in unrestricted reserves at the end of the period to meet liabilities and future charitable expenditure. The trustees explicitly state there is no policy to retain reserves and all surplus funds will be spent on future activities.
What the accounts disclose
“There is no policy to retain reserves and all surplus funds will be spent on future charitable activities and administrative costs.”
Trustees
- CHAIRMAN SHAYKH ABDALLA MOHAMED MAHAMUDchair
- ABDI AZIZ MOHAMED ISSE
- AHMED ALI GUREY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £177k | £204k |
| 31/03/2024 | £89k | £40k |
| 31/03/2023 | £44k | £40k |
| 31/03/2022 | £21k | £23k |
| 31/03/2021 | £30k | £30k |
Common questions
Is QUBA EDUCATION AND CULTURAL ASSOCIATION financially healthy?
The accounts state that the charity incurred a deficit of £26,981 for the year, which was covered by prior year surpluses. Per the trustees' report, the charity held £26,880 in unrestricted reserves at the end of the period to meet liabilities and future charitable expenditure. The trustees explicitly state there is no policy to retain reserves and all surplus funds will be spent on future activities. Its FY2025 accounts were independently examined.