MUSLIM COMMUNITY OF ESSEX
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £41,328 for the year ended 31 December 2023, with total gross receipts of £95,785. Despite the deficit, the charity's total net assets increased to £1,409,538, largely due to a £455,510 revaluation gain on tangible fixed assets. The trustees confirm that systems are in place to manage strategic and operational risks.
What the accounts disclose
“The trustees aim to ensure that sufficient funds are maintained to enable the trust to carry out its activities.” — page 4
Trustees
- Ayub Rashid
- Dr SYED NAQVI
- FARHAT ABBAS SHAH
- MIRZA MOHAMMED JAWAD
- Mohammed Hussain
- Syed Abid Raza Rizvi
- TABREED HUSSAIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £124k | £127k |
| 31/12/2023 | £96k | £137k |
| 31/12/2022 | £99k | £86k |
| 31/12/2021 | £60k | £60k |
| 31/12/2020 | £64k | £53k |
Common questions
Is MUSLIM COMMUNITY OF ESSEX financially healthy?
The accounts state that the charity reported a deficit of £41,328 for the year ended 31 December 2023, with total gross receipts of £95,785. Despite the deficit, the charity's total net assets increased to £1,409,538, largely due to a £455,510 revaluation gain on tangible fixed assets. The trustees confirm that systems are in place to manage strategic and operational risks. Its FY2023 accounts were independently examined.