ASSOCIATION OF ISLAMIC CHARITABLE PROJECTS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £178,328 for the year, increasing total funds to £2,148,475. The trustees confirm the charity has sufficient liquid funds to meet liabilities and considers there to be no material uncertainties regarding its ability to continue as a going concern. Reserves are held mainly in bank accounts to support day-to-day operations and future renovations.
What the accounts disclose
“The policy on unrestricted reserves is that these will be accumulated to allow the charity to operate and meet its objectives and a day to day basis.” — page 6
“Mr Mohammad Fayed (connected person to trustee Mr Hadi Fayed) – had an employment contract as a branch lead and teacher.” — page 13
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr ASHRAF MALHASchair
- Bilal El Fares
- HADI FAYED
- SHAHID AHMED RAUF
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £927k |
| 31/03/2024 | £852k | £822k |
| 31/03/2023 | £0 | £0 |
| 31/03/2022 | £0 | £0 |
| 31/03/2021 | £0 | £0 |
Common questions
Is ASSOCIATION OF ISLAMIC CHARITABLE PROJECTS financially healthy?
The accounts state that the charity reported a surplus of £178,328 for the year, increasing total funds to £2,148,475. The trustees confirm the charity has sufficient liquid funds to meet liabilities and considers there to be no material uncertainties regarding its ability to continue as a going concern. Reserves are held mainly in bank accounts to support day-to-day operations and future renovations. Its FY2025 accounts were independently examined.