BOSPHORUS FOUNDATION
Receives direct donations from benefactors to be distributed to various charitable causes in England, Wales and Turkey, mainly for children in need and those who are sick or disabled.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £20,210 to £5,121 due to net outgoing resources of £15,089. The charity reports no employees and administration is provided free of charge by others. The trustees confirm adequate resources exist to continue operations for the foreseeable future.
What the accounts disclose
“Donations of £69,271 (2023: £22,650) were received during the year” — page 4
“Ronly Limited provide administrative services to the charity. These services are immaterial in value for the purposes of inclusion in the accounts. All three trustees of the charity served as directors of Ronly Limited. Donations of £69,271 (2023: £20,000) were received from Ronly Limited during the year.” — page 11
Trustees
- ASHLEY BEALE
- Lee Bali
- NURI BALI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £70k | £85k |
| 31/12/2023 | £25k | £101k |
| 31/12/2022 | £165k | £67k |
| 31/12/2021 | £51k | £58k |
| 31/12/2020 | £57k | £50k |
Common questions
Is BOSPHORUS FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £20,210 to £5,121 due to net outgoing resources of £15,089. The charity reports no employees and administration is provided free of charge by others. The trustees confirm adequate resources exist to continue operations for the foreseeable future. Its FY2024 accounts were independently examined.