THE BRIGADE OF GURKHAS EDUCATION AND WELFARE FUND
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £5,309,483, which is significantly above the trustees' stated policy target of £277,000. Although the charity reported a net decrease in funds of £145,367 due to investment losses, the trustees confirm the going concern basis is appropriate as the charity can reduce grant expenditure if investment returns fall.
What the accounts disclose
“At the 24 Nov 2021 meeting, the trustees approved the bank account unrestricted reserves funds at a level of 50% of the expenses for the year. This calculates at £277,000 (equivalent to 6 months of funding)”
“The validity of this assumption is dependent on investment returns continuing to meet the funds requirements; however, in periods of poor return the charity is able to reduce grant expenditure accordingly.” — page 20
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2025).
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- Colonel David Robinsonchair
- MAJOR CHANDRA KUMAR LIMBU
- MAJOR JAMES DEVALL
- MAJOR KHADKA BAHADUR GURUNG
- MAJOR ROBERT MITCHELL
- MAJOR SUBARAJ SUNUWAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £479k | £380k |
| 31/03/2024 | £453k | £394k |
| 31/03/2023 | £574k | £292k |
| 31/03/2022 | £391k | £309k |
| 31/03/2021 | £371k | £147k |
Common questions
Is THE BRIGADE OF GURKHAS EDUCATION AND WELFARE FUND financially healthy?
The accounts state that unrestricted reserves stood at £5,309,483, which is significantly above the trustees' stated policy target of £277,000. Although the charity reported a net decrease in funds of £145,367 due to investment losses, the trustees confirm the going concern basis is appropriate as the charity can reduce grant expenditure if investment returns fall. Its FY2025 accounts were audited by Rock Tax & Accounting.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARMY DEPENDANTS' TRUST | 1 | £2.5m |
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | £1.1m |
| THE REME CHARITY | 1 | £178k |
| ROYAL ARTILLERY CHARITABLE FUND | 1 | £159k |
| THE RIFLES BENEVOLENT TRUST | 1 | £120k |
| P F CHARITABLE TRUST | 1 | £80k |
| THE ROYAL WELSH REGIMENTAL WELFARE AND BENEVOLENCE FOUNDATION | 1 | £69k |
| THE W A HANDLEY CHARITY TRUST | 1 | £48k |