N SETHIA FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £9,224,956 against a stated reserves policy to retain sufficient funds to meet grant commitments. The trustees regard the state of affairs as satisfactory and confirmed adequate funds to meet commitments for the coming year. The charity reported a net movement in funds of £143,976 for the year ended 5 April 2023.
What the accounts disclose
“The trustees were not paid any remuneration or expenses during the year (2022: anil).”
Trustees
- NIRMAL KUMAR SETHIAchair
- ARUN BHATTACHARYA
- Amrao Jain
- RICHA SETHIA
- Shraddha Sethia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £294k | £49k |
| 05/04/2024 | £62k | £2.1m |
| 05/04/2023 | £218k | £74k |
| 05/04/2022 | £76k | £19k |
| 05/04/2021 | £487k | £144k |
Common questions
Is N SETHIA FOUNDATION financially healthy?
The accounts state that the charity held unrestricted reserves of £9,224,956 against a stated reserves policy to retain sufficient funds to meet grant commitments. The trustees regard the state of affairs as satisfactory and confirmed adequate funds to meet commitments for the coming year. The charity reported a net movement in funds of £143,976 for the year ended 5 April 2023. Its FY2023 accounts were audited by Boydell & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 2 | — |
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £26k |