ISLAMIC ACADEMY OF COVENTRY (IAC)
The Islamic Academy Of Coventry was established as a resource for Islamic knowledge for all Muslims regardless of background, creed or culture. IAC intends to be a centre of learning in the heart of Coventry.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net incoming resource of £10,545 for the year, resulting in total unrestricted funds of £423,974. The trustees' reserves policy is to spend all unrestricted funds on charitable activities in any given year, maintaining a small surplus for stability. The independent examiner confirmed that no matters came to their attention requiring further explanation.
What the accounts disclose
“The trustees' reserves policy is to spend all unrestricted funds on charitable activities in any given year.” — page 5
Trustees
- ANWAR SHAIKH
- IMTIAZ VANIA
- SULEMAN BHAYAT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £38k | £28k |
| 31/12/2023 | £39k | £26k |
| 31/12/2022 | £163k | £18k |
| 31/12/2021 | £34k | £6k |
| 31/12/2020 | £32k | £8k |
Common questions
Is ISLAMIC ACADEMY OF COVENTRY (IAC) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net incoming resource of £10,545 for the year, resulting in total unrestricted funds of £423,974. The trustees' reserves policy is to spend all unrestricted funds on charitable activities in any given year, maintaining a small surplus for stability. The independent examiner confirmed that no matters came to their attention requiring further explanation. Its FY2024 accounts were independently examined.