AL-HUDA ACADEMY
The charity provides Education/Training /Religious activities via information, guidance, publications, conferences and teaching to primarily the muslim young and youth and also the wider community.
Financial health, per its FY2024 accounts
The accounts state that the charity ended 2024 in a stable financial position with a net surplus of £24,776 and unrestricted fund balances carried forward of £910,830. The trustees operate a reserves policy targeting two months of operational costs, and the charity has reduced its long-term interest-free loans from £213,921 to £185,421 during the year.
What the accounts disclose
“The trustees operate a reserves policy that seeks to maintain sufficient funds to cover at least two months of operational costs” — page 3
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SHAFWAN AHMEDchair
- Muhammed Ma'az Patel
- Yaseer Gulam Vali Ahmed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £717k | £693k |
| 31/12/2023 | £602k | £578k |
| 31/12/2022 | £550k | £506k |
| 31/12/2021 | £451k | £447k |
| 31/12/2020 | £656k | £532k |
Common questions
Is AL-HUDA ACADEMY financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended 2024 in a stable financial position with a net surplus of £24,776 and unrestricted fund balances carried forward of £910,830. The trustees operate a reserves policy targeting two months of operational costs, and the charity has reduced its long-term interest-free loans from £213,921 to £185,421 during the year. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| IHELP GLOBAL | 1 | £24k |
Charities like this
- HUDA ACADEMY
- JAMIATUL-ILM WAL-HUDA UK
- QURAN HUB ACADEMY
- Huda Community Association (HCA)
- AL-HUDA CULTURAL CENTRE & MOSQUE
- HURDALE CHARITY LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AL-HUDA ACADEMY | £717k | — | 0 | above | — | no doubt |
| HUDA ACADEMY | £530k | — | 0 | above | — | no doubt |
| JAMIATUL-ILM WAL-HUDA UK | £1.1m | — | 0 | within | — | no doubt |
| QURAN HUB ACADEMY | £188k | — | 0 | unclear | — | no doubt |
| Huda Community Association (HCA) | £149k | — | 0 | unclear | — | no doubt |
| AL-HUDA CULTURAL CENTRE & MOSQUE | £161k | — | 0 | unclear | — | no doubt |