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THE LONDON CENTRAL MOSQUE (ALGAME) FUND

Registered charity 231920 · accounts filings on the Charity Commission register · also known as THE ISLAMIC CULTURAL CENTRE AND LONDON CENTRAL MOSQUE

Latest income
£2.3m
Latest spending
£1.9m
Registered
1965
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net incoming resource of £266,380 for the year ended 31 December 2024, reversing a previous outgoing resource. Per the trustees' report, free reserves were maintained at £2,923,988, which is significantly above the stated policy target of approximately £390,000, and the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: four months' expenditure of approximately £390,000 (held: £2.9m)
“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 four months' expenditure of approximately £390,000.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Director General, who is a Trustee, receives rent-free accommodation valued at £87,240.
“The Director General is provided with rent free accommodation at the London Central Mosque & Islamic Cultural Centre. The market rental value for this accommodation is estimated to be £87,240 per annum.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HW Fisher Audit.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.3m
Total spending
£1.9m
Reserves (reported)
£2.9m
Employees
40

Reported reserves equal ~18.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£2.3m£1.9m
31/12/2023£1.8m£1.9m
31/12/2022£1.7m£1.7m
31/12/2021£1.3m£1.5m
31/12/2020£1.1m£1.3m

Common questions

Is THE LONDON CENTRAL MOSQUE (ALGAME) FUND financially healthy?

The accounts state that the charity reported a net incoming resource of £266,380 for the year ended 31 December 2024, reversing a previous outgoing resource. Per the trustees' report, free reserves were maintained at £2,923,988, which is significantly above the stated policy target of approximately £390,000, and the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by HW Fisher Audit.

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Semantically similar by activities and financial character, from our analysed corpus. Compare with AL RISAALAH MOSQUE AND ISLINGTON ISLAMIC CENTRE.