TIGRAY DEVELOPMENT ASSOCIATION IN THE UNITED KINGDOM
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £112,078, which the trustees consider sufficient to carry out 3 to 6 months of the organisation's main tasks. The charity reported a net movement in funds of a deficit of £32,578 for the year, driven largely by restricted expenditure on charitable costs and governance. Total incoming resources were £176,817, with significant reliance on rental income and fundraising activities.
What the accounts disclose
“unrestricted funds held by the charity should not be more than the amount that would be enabling to carry out 3 to 6 months’ main tasks of the organisation”
Trustees
- Amanuel Berhe Araya
- Azeb Berhe
- Eden Assefa Mamo
- Hailekiros Gebrekidan Abebe
- Hirut Kahesay
- Selamawit Gidey
- Shewit Abay Hzkias
- Teclay Teweldeberhan
- Teklay Desta Kassa
- Tiegisty Mengesteab Equbaegzi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £107k | £149k |
| 30/09/2024 | £125k | £25k |
| 30/09/2023 | £177k | £209k |
| 30/09/2022 | £282k | £173k |
| 30/09/2021 | £356k | £311k |
Common questions
Is TIGRAY DEVELOPMENT ASSOCIATION IN THE UNITED KINGDOM financially healthy?
The accounts state that unrestricted reserves stood at £112,078, which the trustees consider sufficient to carry out 3 to 6 months of the organisation's main tasks. The charity reported a net movement in funds of a deficit of £32,578 for the year, driven largely by restricted expenditure on charitable costs and governance. Total incoming resources were £176,817, with significant reliance on rental income and fundraising activities. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THIRTY PERCY FOUNDATION | 1 | £220k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| DILLHAVEN LIMITED | 1 | £71k |
| GOWER STREET | 1 | £24k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| THE A TEAM FOUNDATION LIMITED | 1 | £20k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |