Charity Accounts Intelreading the accounts so you don’t have to

LOXFORD MUSLIM SOCIETY

Registered charity 1149964 · accounts filings on the Charity Commission register

The establishment of a Mosque to facilitate the holding of prayers, lectures and celebration of religious festivals in Redbridge, Essex; holding of classes teaching the Quran for the Muslim community and National Curriculum subjects by the holding of evening classes for children; and to relieve hardship and poverty by the provision of support, guidance and grants to individuals and organizations.

Causes: General Charitable Purposes · Education/training · Overseas Aid/famine Relief · Religious Activities · Human Rights/religious Or Racial Harmony/equality Or Diversity · Recreation · Get email alerts

Latest income
£82k
Latest spending
£77k
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held unrestricted reserves of £108,637 in cash, with no stated reserves policy target. The trustees report that there are no uncertainties regarding the charity's ability to continue as a going concern and that it has excess reserves to run future affairs.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: It is the charity’s policy to hold reserves for future needs. (held: £109k)
“It is the charity’s policy to hold reserves for future needs.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees are related parties and do not take any benefit from the charity.
“The trustees are the related parties and do not take any benefit from the charity.”
“The charity has paid £336,458 to the third party for the purchase of the premises but the transfer of the premises in the name of the charity has not completed yet, hence the payment is shown as long term debtors in the accounts.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment of £336,458 to a third party for premises purchase, shown as long-term debtor as transfer not completed.
“The trustees are the related parties and do not take any benefit from the charity.”
“The charity has paid £336,458 to the third party for the purchase of the premises but the transfer of the premises in the name of the charity has not completed yet, hence the payment is shown as long term debtors in the accounts.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Redbridge

Income and spending

Financial year endIncomeSpending
30/11/2024£82k£77k
30/11/2023£68k£60k
30/11/2022£82k£54k
30/11/2021£66k£39k
30/11/2020£53k£18k

Common questions

Is LOXFORD MUSLIM SOCIETY financially healthy?

Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £108,637 in cash, with no stated reserves policy target. The trustees report that there are no uncertainties regarding the charity's ability to continue as a going concern and that it has excess reserves to run future affairs. Its FY2024 accounts were independently examined.