MASJID E TAUHEEDUL ISLAM
Prayer facilities, study circles, seminars and lectures, provision of space and buildings for education.
Financial health, per its FY2024 accounts
The accounts state that the charity suffered an increased yearly deficit, primarily due to £53,000 in legal fees and rising payroll costs. Despite this, unrestricted reserves were reported at £2,310,171, which the trustees consider an appropriate level to meet their policy of covering three months of core expenditure. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The trustees aim to hold unrestricted reserves sufficient to cover at least three months of core expenditure.” — page 5
Property (HM Land Registry)
Trustees
- Lookman Yusufchair
- Imtiaz Ahmed
- Iqbal Adam Ali
- Rayyan Salim Patel
- Sajid Yusuf
- Sheriyaar Natha
- Shoaib Patel
- Usman Matadar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £355k | £509k |
| 31/12/2023 | £267k | £317k |
| 31/12/2022 | £303k | £228k |
| 31/12/2021 | £261k | £166k |
| 31/12/2020 | £209k | £180k |
Common questions
Is MASJID E TAUHEEDUL ISLAM financially healthy?
Per its FY2024 accounts: The accounts state that the charity suffered an increased yearly deficit, primarily due to £53,000 in legal fees and rising payroll costs. Despite this, unrestricted reserves were reported at £2,310,171, which the trustees consider an appropriate level to meet their policy of covering three months of core expenditure. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Xaviers Accountants Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £616k |
| THE SAIFEE FOUNDATION OF EUROPE | 1 | £502k |
Charities like this
- JAMIAT-UL-MUSLEMEEN QUWAT-UL-ISLAM MASJED
- UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION
- AL RISAALAH MOSQUE AND ISLINGTON ISLAMIC CENTRE
- AHLUL ISTIQAMAH TRUST UK
- ANJUMAN-UL-MUSLIMEEN LTD
- SALAFI BOOKSTORE AND ISLAMIC CENTRE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MASJID E TAUHEEDUL ISLAM | £355k | — | 0 | above | — | no doubt |
| JAMIAT-UL-MUSLEMEEN QUWAT-UL-ISLAM MASJED | £388k | — | 0 | unclear | — | no doubt |
| UNITED KINGDOM TURKISH ISLAMIC ASSOCIATION | £292k | — | 0 | unclear | — | no doubt |
| AL RISAALAH MOSQUE AND ISLINGTON ISLAMIC CENTRE | £310k | — | 0 | unclear | — | no doubt |
| AHLUL ISTIQAMAH TRUST UK | £160k | — | 0 | unclear | — | no doubt |
| ANJUMAN-UL-MUSLIMEEN LTD | £265k | — | 0 | above | — | no doubt |