IBRAAZ
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £1,767,874 for the year ended 31 December 2025, driven by significant one-off establishment funding. However, the trustees clarify that free reserves were only £216,210, as the surplus was largely tied up in fixed assets and a long-term building deposit. The charity's going concern status is supported by confirmed continuing financial support from its primary funder, the Kamel Lazaar Foundation, through 2030.
What the accounts disclose
“Free reserves at 31 December 2025, after excluding amounts tied up in tangible fixed assets and the long-term building deposit, were £216,210. This position reflects the Charity's establishment phase and is consistent with the planned build-up of reserves.”
“During the period ended 31 December 2025, the Charity received an unrestricted grant of £3,308,120 from the Kamel Laazar Foundation. At the year end, £48,120 relating to this grant was outstanding and included within debtors.” — page 26
“During the period, the Charity received a loan of £24,472 from a company in which one of the Trustees is also a director. The loan is interest-free, unsecured, and is repayable after the year end. The balance outstanding at 31 December 2025 was £24,472.” — page 26
“During the period ended 31 December 2025, the Charity received an unrestricted grant of £3,308,120 from the Kamel Laazar Foundation. At the year end, £48,120 relating to this grant was outstanding and included within debtors.” — page 26
“During the period, the Charity received a loan of £24,472 from a company in which one of the Trustees is also a director. The loan is interest-free, unsecured, and is repayable after the year end. The balance outstanding at 31 December 2025 was £24,472.” — page 26
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Ali Munir
- Kamel Lazaar
- Michael Hedegaard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.9m | £2.1m |
Common questions
Is IBRAAZ financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £1,767,874 for the year ended 31 December 2025, driven by significant one-off establishment funding. However, the trustees clarify that free reserves were only £216,210, as the surplus was largely tied up in fixed assets and a long-term building deposit. The charity's going concern status is supported by confirmed continuing financial support from its primary funder, the Kamel Lazaar Foundation, through 2030. Its FY2025 accounts were audited by Thomson Cooper.