BHAGWAN VALMIK SABHA BEDFORD
Financial health, per its FY2023 accounts
The accounts state that the charity held accumulated fund reserves of £1,170,086 as of 28 January 2023, representing a significant increase from the previous year's £1,081,165. The trustees report that gross income rose to £118,917, driven by increased donations and Ramaalas following the lifting of COVID-19 regulations. While the charity is actively seeking funding options for a new building project amidst global economic circumstances, its current financial position appears stable with substantial unrestricted reserves.
What the accounts disclose
“The Executive Committee are working on re-establishing the New Building project and with the current global economic circumstances and post-COVID we are looking at options to fund the project.” — page 8
Trustees
- Balvinder Kalyan
- Shiv - Shankar Nahar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/01/2025 | £130k | £94k |
| 28/01/2024 | £98k | £79k |
| 28/01/2023 | £119k | £22k |
| 28/01/2022 | £108k | £30k |
| 28/01/2021 | £75k | £29k |
Common questions
Is BHAGWAN VALMIK SABHA BEDFORD financially healthy?
The accounts state that the charity held accumulated fund reserves of £1,170,086 as of 28 January 2023, representing a significant increase from the previous year's £1,081,165. The trustees report that gross income rose to £118,917, driven by increased donations and Ramaalas following the lifting of COVID-19 regulations. While the charity is actively seeking funding options for a new building project amidst global economic circumstances, its current financial position appears stable with substantial unrestricted reserves. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WESTCOMBE FOUNDATION | 1 | £500 |