AL MISBAAH ACADEMY (AMA)
Education/trainingThe Prevention Or Relief Of PovertyReligious ActivitiesRecreation
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net expenditure of £109,453 for the period ended 31 December 2024, resulting in a decrease in total funds from £166,841 to £57,388. Per the trustees' report, the charity's free reserves are currently below its stated policy target of six months of operational expenses, with reserves covering only three months. The trustees aim to increase cash reserves to meet this target in future periods.
What the accounts disclose
“The charity’s main source of income are madrasah fees, in the current period the incoming resources for the period amounted to £664,289.” — page 10
“Currently the charity holds enough reserves to cover three months of operational expenses. The current free reserves of the charity are £57,389. Plans for the future: Currently the general unrestricted funds are below the target of 6 months, the charity aims to increase the level of cash reserves funds to meet this target.” — page 10
“Imam Suhail Patel is a trustee of the charity as well the CEO. As such he is remunerated for his duties as Chief Executive Officer and not for his work as a trustee.” — page 20
“Imam Suhail Patel is a trustee of the charity as well the CEO. As such he is remunerated for his duties as Chief Executive Officer and not for his work as a trustee.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MOHAMMED IBN SADIQ KOTHIAchair
- HASEEB VALLI
- SUHAIL PATEL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £664k | £774k |
| 31/12/2023 | £608k | £555k |
| 31/12/2022 | £477k | £468k |
| 31/12/2021 | £572k | £518k |
| 31/08/2020 | £385k | £356k |
Common questions
Is AL MISBAAH ACADEMY (AMA) financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net expenditure of £109,453 for the period ended 31 December 2024, resulting in a decrease in total funds from £166,841 to £57,388. Per the trustees' report, the charity's free reserves are currently below its stated policy target of six months of operational expenses, with reserves covering only three months. The trustees aim to increase cash reserves to meet this target in future periods. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 10/10/2024 | £15k | Seven Kings Fitness for Girls and Women |
| UK government | 10/10/2024 | £15k | ALB-Sport England-Seven Kings Fitness for Girls and Women |