ISLAMIC EDUCATION AND RESEARCH ACADEMY (IERA)
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds decreased from £1,685,242 to £1,425,493, reflecting a net expenditure that exceeded incoming resources. The charity maintains a reserves policy target of £600,000, which is covered by its current unrestricted reserves. The trustees confirm adequate resources for going concern, supported by an independent audit opinion.
What the accounts disclose
“The Trustees have set a reserves policy of £600,000, which covers two months’ worth of commitments.” — page 42
“During the year, the charity paid fundraising and consultancy fees of £61,530 (2024 - £55,921) to Green's Secret Limited, a company related by virtue of common control by one of the trustees.” — page 67
“During the year, the charity paid fundraising and consultancy fees of £72,000 (2024 - £74,400) to Skills Seekers Limited, a company related by virtue of common control by one of the trustees.” — page 67
“During the year, the charity paid fundraising and consultancy fees of £61,530 (2024 - £55,921) to Green's Secret Limited, a company related by virtue of common control by one of the trustees.” — page 67
“During the year, the charity paid fundraising and consultancy fees of £72,000 (2024 - £74,400) to Skills Seekers Limited, a company related by virtue of common control by one of the trustees.” — page 67
Structured financials (annual return, FY ending 30/06/2025)
Register events
- Received assets from another charity (29/09/2015)
Trustees
- ANTHONY WACLAW GREENchair
- Edward Stewart Cracknell
- Kamran Hussain
- SAQIB JAMEEL SATTAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £3.2m | £3.5m |
| 30/06/2024 | £3.5m | £3.9m |
| 30/06/2023 | £4.0m | £4.4m |
| 30/06/2022 | £3.9m | £3.8m |
| 30/06/2021 | £4.0m | £3.1m |
Common questions
Is ISLAMIC EDUCATION AND RESEARCH ACADEMY (IERA) financially healthy?
The accounts state that total unrestricted funds decreased from £1,685,242 to £1,425,493, reflecting a net expenditure that exceeded incoming resources. The charity maintains a reserves policy target of £600,000, which is covered by its current unrestricted reserves. The trustees confirm adequate resources for going concern, supported by an independent audit opinion. Its FY2025 accounts were audited by Amex Associates Limited.