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

THE ISLAMIC FOUNDATION

Registered charity 1160353 · accounts filings on the Charity Commission register

Intended activities are advancement of Islamic religion through dialogue, meeting, education, seminars and publications.

Causes: General Charitable Purposes · Education/training · Religious Activities · website · Get email alerts

Latest income
£615k
Latest spending
£627k
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total reserves stood at £4,196,525, which the trustees believe provides a sound footing for future investment. The charity reported a net income of £226,749 for the year, driven largely by a £238,299 gain on investment property, despite operating expenditure exceeding operating income. The trustees confirm that resources are adequate to operate for at least one year from the signing of the balance sheet.

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

What the accounts disclose

Reserves policy: three months of budgeted trading activity (held: £4.2m)
“The reserves amount was capped at £50,000 for the financial year ended 31st December 2024 which is meant to be used in bridging any possible delays in receiving donations or managing paymenis in arrears. The period of delay has been defined as a minimum of a three months budgeted trading activity.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Debt owed by Kube Publishing Ltd, a company with personnel in common.
“At the balance sheet date IF was owed £78,483 by Kube Publishing Ltd, a company with personnel in common (2023- £85,640).” — page 22
“At the balance sheet date IF owed a trust £115,000, this being set against an interest in a property owned by IF. This trust has a trustee in common with IF (2023- £115,000).” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Amount owed to a trust with a trustee in common, set against an interest in property.
“At the balance sheet date IF was owed £78,483 by Kube Publishing Ltd, a company with personnel in common (2023- £85,640).” — page 22
“At the balance sheet date IF owed a trust £115,000, this being set against an interest in a property owned by IF. This trust has a trustee in common with IF (2023- £115,000).” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Two trustees have an interest in a property owned by the charity.
“At the balance sheet date IF was owed £78,483 by Kube Publishing Ltd, a company with personnel in common (2023- £85,640).” — page 22
“At the balance sheet date IF owed a trust £115,000, this being set against an interest in a property owned by IF. This trust has a trustee in common with IF (2023- £115,000).” — page 22
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by TC Group. Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£615k
Total spending
£627k
Cost of raising funds
£34k
Reserves (reported)
£4.1m
Employees
10

Reported reserves equal ~79.4 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (33% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 5.5% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Leicester City · Leicestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£615k£627k
31/12/2023£494k£543k
31/12/2022£528k£514k
31/12/2021£457k£494k
31/12/2020£395k£477k

Common questions

Is THE ISLAMIC FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that total reserves stood at £4,196,525, which the trustees believe provides a sound footing for future investment. The charity reported a net income of £226,749 for the year, driven largely by a £238,299 gain on investment property, despite operating expenditure exceeding operating income. The trustees confirm that resources are adequate to operate for at least one year from the signing of the balance sheet. Its FY2024 accounts were audited by TC Group.