BAYTUL ILM TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with total unrestricted funds of £394,720, an increase from £283,804 the previous year. The trustees report that the charity is in a strong position to continue its activities and that assets are adequate to fulfil obligations. The reserves policy targets funding for four months of expected expenditure, which the trustees consider adequate based on current knowledge and experience.
What the accounts disclose
“The trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for four months ahead.” — page 6
Register events
- Received assets from another charity (17/04/2025)
Trustees
- MUHAMMAD ABDUL WADOOD MIAHchair
- MOHAMMED ABDUS SALAM
- NURUL AMIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £375k | £160k |
| 31/03/2024 | £217k | £106k |
| 31/03/2023 | £130k | £81k |
| 31/03/2022 | £111k | £60k |
| 31/03/2021 | £98k | £46k |
Common questions
Is BAYTUL ILM TRUST financially healthy?
The accounts state that the charity ended the year with total unrestricted funds of £394,720, an increase from £283,804 the previous year. The trustees report that the charity is in a strong position to continue its activities and that assets are adequate to fulfil obligations. The reserves policy targets funding for four months of expected expenditure, which the trustees consider adequate based on current knowledge and experience. Its FY2024 accounts were independently examined.