Al-Farooq Education and Community Centre
Latest income
£837k
Latest spending
£457k
Accounts read
FY2025
Form
Unincorporated association
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves of £49,780 are below the charity's stated policy target of four months' operating expenditure, which the auditor notes as £90,000. The auditor highlights a risk of dependence on restricted income due to substantial investments in three sites and recommends a more prudent approach to expenditure. Despite these pressures, the auditor confirms there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves position: below the charity's own stated policy
“At 28 February 2025, the charity's unrestricted reserves totalled £49,780, which is below the minimum level set by the reserves policy of four months’ operating expenditure (£90,000 for the year).” — page 11
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with OSCR.
Largest income source: Donations and legacies (100% of income)
“Total income 511,388 326,011 837,399” — page 16
Per FY2025 accounts as filed with OSCR.
Fundraising cost ratio: 0.8% of fundraised income
“Costs of raising donations and legacies 3,948”
Per FY2025 accounts as filed with OSCR.
Independent examiner: Saleemi Associates
Per FY2025 accounts as filed with OSCR.