THE INTERNATIONAL FOUNDATION FOR ARTS AND CULTURE
Latest income
£104k
Latest spending
£65k
Registered
1997
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that the charity's unrestricted reserves decreased from £42,157 to £39,137 during the year, resulting in a net expenditure of £3,020. The trustees note that the principal funding source is its sister charity IFAC Japan and that the level of reserve will be reviewed regularly to ensure sufficient funding from this benefactor.
What the accounts disclose
Reserves policy: a general reserve needs to be maintained (held: £39k)
“The review concluded that to allow the charity to be managed efficiently and to provide a buffer against interrupting ongoing commitments as well as new charitable projects, a general reserve needs to be maintained.” — page 4
Per its FY2022 accounts as filed with the Charity Commission.
Trustees
- Brendan Scannell
- MR TIM LANKESTER
- Nilesh Chimanbhai Patel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £104k | £65k |
| 31/12/2023 | £222k | £204k |
| 31/12/2022 | £432k | £435k |
| 31/12/2021 | £413k | £395k |
| 31/12/2020 | £318k | £305k |
Common questions
Is THE INTERNATIONAL FOUNDATION FOR ARTS AND CULTURE financially healthy?
The accounts state that the charity's unrestricted reserves decreased from £42,157 to £39,137 during the year, resulting in a net expenditure of £3,020. The trustees note that the principal funding source is its sister charity IFAC Japan and that the level of reserve will be reviewed regularly to ensure sufficient funding from this benefactor. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |