ALBARAKA ISLAMIC RESOURCES CENTRE (AIRC)
a) To promote or support the promotion of the Islamic faith for the benefit of Muslims in Lewisham and beyond b) To advance education in accordance with the teaching of the Quran and Sunnah c) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation for Muslims and the public
Financial health, per its FY2025 accounts
The accounts state that total net assets increased to £162,583 from £133,358 in the prior year, driven by a net income of £29,225 against expenditure of £43,485. The charity holds unrestricted reserves of £162,583 and maintains positive cash balances of £160,895. The independent examiner confirmed that no material matters were identified that would cause concern regarding the financial statements or accounting records.
What the accounts disclose
“A large charity must provide an explanation of any material expenditure occurred to raise income in the future...” — page 4
Trustees
- ABDULLAH GAAL-AHMEDchair
- ABDULMAJID ALI AMAA ASHAASHI
- ALI MOHAMOUD ABDI
- Isse Mohamed Noor
- MAHAD HASSAN RAGHE
- MOHAMED AHMED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £50k | £45k |
| 31/03/2025 | £73k | £43k |
| 31/03/2024 | £53k | £34k |
| 31/03/2023 | £63k | £42k |
| 31/03/2022 | £31k | £34k |
Common questions
Is ALBARAKA ISLAMIC RESOURCES CENTRE (AIRC) financially healthy?
Per its FY2025 accounts: The accounts state that total net assets increased to £162,583 from £133,358 in the prior year, driven by a net income of £29,225 against expenditure of £43,485. The charity holds unrestricted reserves of £162,583 and maintains positive cash balances of £160,895. The independent examiner confirmed that no material matters were identified that would cause concern regarding the financial statements or accounting records. Its FY2025 accounts were independently examined.