SOUTHGATE MOSQUE AND COMMUNITY CENTRE LTD
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds were maintained at a level equivalent to between one and three months' expenditure, with actual unrestricted reserves of £152,951 against a policy target of one to three months of expenditure. The charity reported a net income increase of £1,541,186 and significantly reduced its financial liabilities by repaying a proportion of outstanding loans, strengthening its long-term sustainability.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between one and three month’s expenditure.” — page 4
Leadership, per the charity’s website
- Imam Ajmal Masroor — Chairperson
- Ruhul Amin — Trustee, Treasurer
- Zahrah Bussawon — Management Committee Member
- Mueen Chowdhury — Management Committee Member
- Ishraq Bhatti — Management Committee Member
- Shawkat Chowdhury — Management Committee Member
- Sadat Sadiq — Management Committee Member
- Abdus Samad — Management Committee Member
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ajmal Masroorchair
- Ruhul Amin
- SHEEAM HUSSAIN
- Zahrah Nadia Bussawon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.0m | £432k |
| 31/12/2023 | £3.4m | £224k |
Common questions
Is SOUTHGATE MOSQUE AND COMMUNITY CENTRE LTD financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds were maintained at a level equivalent to between one and three months' expenditure, with actual unrestricted reserves of £152,951 against a policy target of one to three months of expenditure. The charity reported a net income increase of £1,541,186 and significantly reduced its financial liabilities by repaying a proportion of outstanding loans, strengthening its long-term sustainability. Its FY2024 accounts were audited by Moore NHC Audit Limited.
Who funds SOUTHGATE MOSQUE AND COMMUNITY CENTRE LTD?
Funders whose own accounts filings name SOUTHGATE MOSQUE AND COMMUNITY CENTRE LTD as a grant recipient include THE YASS CHARITABLE TRUST, NASSERPURIA MEMON UK.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE YASS CHARITABLE TRUST | FY2023 | £6k | To help build/renovate/buy a mosque for the greater of the muslim community in London. |
| NASSERPURIA MEMON UK | FY2023 | £1k | Community Development & Relief |