CROYDON MOSQUE AND ISLAMIC CENTRE
Advancement of the religion of Islam and the education of Muslim children in accordance with the teaching of Quran and Sunnah.
Financial health, per its FY2024 accounts
The accounts state that the charity maintained a stable bottom line with a net income of £86,399, supported by increased donations and rental income from investment properties. Per the trustees' report, the charity holds unrestricted funds of £532,185, which exceeds its stated reserves policy target of £100,000, indicating a healthy financial position with no material uncertainties regarding going concern.
What the accounts disclose
“The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately four months of unrestricted charitable expenditure. The Trustees have approved a reserve figure of £100,000 for the year.” — page 7
“During the year the related party transactions amounted to total donations to Al-Khair Foundation of £29,209 and receipt of sponsorships from Al-Khair Foundation of £7,000, where Shuaib Yusaf is a previous Trustee of the Charity and CEO at Al-Khair Foundation.” — page 6
“During the year the related party transactions amounted to total donations to Al-Khair Foundation of £29,209 and receipt of sponsorships from Al-Khair Foundation of £7,000, where Shuaib Yusaf is a previous Trustee of the Charity and CEO at Al-Khair Foundation.” — page 6
“During the year the related party transactions amounted to total donations to Al-Khair Foundation of £29,209 and receipt of sponsorships from Al-Khair Foundation of £7,000, where Shuaib Yusaf is a previous Trustee of the Charity and CEO at Al-Khair Foundation.” — page 6
“During the year the related party transactions amounted to total donations to Al-Khair Foundation of £29,209 and receipt of sponsorships from Al-Khair Foundation of £7,000, where Shuaib Yusaf is a previous Trustee of the Charity and CEO at Al-Khair Foundation.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Afzal Hussen Amirali Alichair
- HAROON KARIM OKHAI
- Haider Ali Dar
- MOHAMMAD RAFIQ RAZZAK
- Mohammed Jamil Okhai
- Muhammad Saqib Khan
- Usman Chaudhury
- WAQAS KHAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £645k | £559k |
| 31/12/2023 | £573k | £480k |
| 31/12/2022 | £512k | £410k |
| 31/12/2021 | £511k | £390k |
| 31/12/2020 | £370k | £390k |
Common questions
Is CROYDON MOSQUE AND ISLAMIC CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity maintained a stable bottom line with a net income of £86,399, supported by increased donations and rental income from investment properties. Per the trustees' report, the charity holds unrestricted funds of £532,185, which exceeds its stated reserves policy target of £100,000, indicating a healthy financial position with no material uncertainties regarding going concern. Its FY2024 accounts were audited by Saleemi Associates.
Charities like this
- MARKAZ UD DAWAT WAL IRSHAD LONDON UK MUSLIM COMMUNITY CENTRE
- SOUTH LONDON ISLAMIC CENTRE
- ISLAMIC EDUCATIONAL AND RECREATIONAL INSTITUTE
- JAMIAT-UL-MUSLEMEEN QUWAT-UL-ISLAM MASJED
- AL RISAALAH MOSQUE AND ISLINGTON ISLAMIC CENTRE
- CROYDON ISLAMIC COMMUNITY TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CROYDON MOSQUE AND ISLAMIC CENTRE | £645k | — | 0 | above | — | no doubt |
| MARKAZ UD DAWAT WAL IRSHAD LONDON UK MUSLIM COMMUNITY CENTRE | £358k | — | 0 | above | — | no doubt |
| SOUTH LONDON ISLAMIC CENTRE | £648k | — | 0 | above | — | no doubt |
| ISLAMIC EDUCATIONAL AND RECREATIONAL INSTITUTE | £673k | — | 0 | above | — | no doubt |
| JAMIAT-UL-MUSLEMEEN QUWAT-UL-ISLAM MASJED | £388k | — | 0 | unclear | — | no doubt |
| AL RISAALAH MOSQUE AND ISLINGTON ISLAMIC CENTRE | £310k | — | 0 | unclear | — | no doubt |