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.
Objects
1 TO ADVANCE EDUCATION GENERALLY AND THE EDUCATION OF MUSLIMS, PROVIDING EDUCATIONAL SERVICES ON A FULL TIME OR PART TIME BASIS TO PEOPLE OF ALL AGES. SUPPORT AND PROVIDE MUSLIMS IN THE PURSUIT OF TRADITIONAL ISLAMIC KNOWLEDGE WITH RECOURSE TO CLASSICAL SOURCES.2 THE ESTABLISHMENT MAINTAINING AND MANAGEMENT OF BUILDINGS IN ORDER TO FULFIL THE OBJECTIVES SET OUT IN THIS CLAUSE.3 ANY CHARITABLE PURPOSES FOR GENERAL BENEFIT OF THE PEOPLE LIVING IN COVENTRY AND THE UNITED KINGDOM AS THE TRUSTEES SHALL THINK FIT.
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
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.