DARUSSALAM EDUCATION CENTRE
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Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £143,783 for the year ended 31 December 2024, resulting in total accumulated funds of £660,676. However, the balance sheet indicates a negative net current asset position of £5,001, driven by a significant drop in cash at bank from £155,706 to £12,092. The trustees confirm the accounts are prepared on a going concern basis, noting the charity's dependence on continuing donations.
What the accounts disclose
Trustees
- Javid Iqbalchair
- ABDUL QADIR
- ABDUL RAUF ABDUL SATTAR MITHAGARE
- Dr Muhammad Akbar Saeed
- MOHAMMAD QASIM RIZVI
- Mubeen Sadullah Bagdadi
- Muhammad Ikram
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £238k | £94k |
| 31/12/2023 | £127k | £95k |
| 31/12/2022 | £139k | £93k |
| 31/12/2021 | £196k | £71k |
Common questions
Is DARUSSALAM EDUCATION CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £143,783 for the year ended 31 December 2024, resulting in total accumulated funds of £660,676. However, the balance sheet indicates a negative net current asset position of £5,001, driven by a significant drop in cash at bank from £155,706 to £12,092. The trustees confirm the accounts are prepared on a going concern basis, noting the charity's dependence on continuing donations. Its FY2024 accounts were independently examined.