AL-KHAYR ACADEMY
To advance the Islamic religion by promoting the study of religious teaching and practices and scriptures. To help young muslims so as to develop their mental and spiritual capacities that they may grow and reach their full potential and contribute positively to society both as individuals and as a memberof their faith group.
Objects
1. TO ADVANCE THE ISLAMIC RELIGION BY PROMOTING THE STUDY OF RELIGIOUS TEACHING AND PRACTIES AND SCRIPTURES.2.TO HELP EDUCATE YOUNG MUSLIMS SO AS TO DEVELOPE THEIR MENTAL & SPIRITUAL CAPACITIES THAT THEY MAY GROW AND REACH THEIR FULL POTENTIAL & CONTRIBUTE POSITIVELY TO SOCIETY BOTH AS INDIVIDUALS AND AS MEMBER OF THEIR FAITH GROUP.3.TO ASSIST IN THE PROVISION OF SUITABLE CHARITABLE SERVICES AS AGREED BY TRUSTEES.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £305,556 for the year ended 1st April 2025, bringing total funds carried forward to £1,039,762. The trustees confirmed that the financial statements were prepared on a going concern basis. The charity holds significant fixed assets in investment properties valued at £1,005,633.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- 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
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Abdul Hamid Palejwala
- FARUQUE VALI
- MUBARAK DAUD ALI MANYA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/04/2025 | £442k | £137k |
| 01/04/2024 | £348k | £169k |
| 01/04/2023 | £113k | £85k |
| 01/04/2022 | £94k | £64k |
| 01/04/2021 | £63k | £27k |
Common questions
Is AL-KHAYR ACADEMY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £305,556 for the year ended 1st April 2025, bringing total funds carried forward to £1,039,762. The trustees confirmed that the financial statements were prepared on a going concern basis. The charity holds significant fixed assets in investment properties valued at £1,005,633. Its FY2025 accounts were independently examined.