DARUSSALAM CULTURAL CENTRE LTD
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £110,598 for the year ended 31 March 2024, increasing its total fund balances to £2,129,926. The trustees note that the charity currently operates with minimal reserves and is working to build a donor base to reach a target of four months' operating expenditure. The independent examiner confirmed that no matters came to their attention suggesting non-compliance with accounting requirements.
What the accounts disclose
“The charity currently operates with minimal reserves. The trustees are endeavouring to build up its donor base with a view to having reserves equal to four months operating expenditure.” — page 7
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ABDULLAHI AHMED HUSSEINchair
- AHMED ABDI ADEN
- MR IBRAHIM Adan SAID
- MR MUUMIN ABDULQADIR ALI
- Said Mohamed Said
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £535k | £341k |
| 31/03/2024 | £387k | £276k |
| 31/03/2023 | £367k | £237k |
| 31/03/2022 | £233k | £148k |
| 31/03/2021 | £368k | £245k |
Common questions
Is DARUSSALAM CULTURAL CENTRE LTD financially healthy?
The accounts state that the charity reported a net surplus of £110,598 for the year ended 31 March 2024, increasing its total fund balances to £2,129,926. The trustees note that the charity currently operates with minimal reserves and is working to build a donor base to reach a target of four months' operating expenditure. The independent examiner confirmed that no matters came to their attention suggesting non-compliance with accounting requirements. Its FY2024 accounts were independently examined.