ISLAMIC ASSOCIATION OF NORTH LONDON
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £934,240 for the year ended 31 March 2025, with total reserves increasing to £6,708,409. The trustees consider the current level of free reserves to be sufficient to cover governance and support costs for approximately three months, citing strong community giving traditions and investment returns. The independent auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of charity’s unrestricted expenditure, net of fixed investment income.” — page 6
“A Qard Hasana loan of £100,000 was made during the year to another charity, with a common Trustee. At the year end, the loan balance of £50,000 (2024: £Nil) is unsecured, interest free and repayable within a year.” — page 24
“Two of the properties are currently in the names of trustees and former trustees. These are held under legally binding contracts and trust deeds. It is expected that these remaining properties will be transferred to IANL CIO over a period of time.” — page 7
“A Qard Hasana loan of £100,000 was made during the year to another charity, with a common Trustee. At the year end, the loan balance of £50,000 (2024: £Nil) is unsecured, interest free and repayable within a year.” — page 24
“Two of the properties are currently in the names of trustees and former trustees. These are held under legally binding contracts and trust deeds. It is expected that these remaining properties will be transferred to IANL CIO over a period of time.” — page 7
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (26/07/2022)
Trustees
- FAISAL HABIBchair
- Athar Hussain
- Dr Pratik Ausaf Sufi
- Kazi Furkan Shahabuddin
- MOHAMED ABANUR
- MR MOHAMMED BASIT
- Mounir Adimi
- NURUL ALAM
- SHEHU SULEIMAN
- Tehmur Khan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.5m | £529k |
| 31/03/2024 | £843k | £430k |
| 31/03/2023 | £658k | £331k |
| 31/03/2022 | £509k | £230k |
| 31/03/2021 | £773k | £224k |
Common questions
Is ISLAMIC ASSOCIATION OF NORTH LONDON financially healthy?
The accounts state that the charity reported a net surplus of £934,240 for the year ended 31 March 2025, with total reserves increasing to £6,708,409. The trustees consider the current level of free reserves to be sufficient to cover governance and support costs for approximately three months, citing strong community giving traditions and investment returns. The independent auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by SBM Associates Limited.