SAMBROS FOUNDATION
The Principal activity of the charity during the year contnued to be that of giving donation for education and health to deserving people.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £50,412 to £20,775 due to expenditure exceeding income. The trustees report that the stated reserves policy of maintaining three to six months of expenditure has been maintained throughout the year. The filing confirms the charity is prepared on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Trustees
- ABU BAKR SIDDIQUI
- MOHAMMAD MUDDASSIR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £35k | £65k |
| 31/12/2023 | £60k | £16k |
| 31/12/2022 | £7k | £7k |
| 31/12/2021 | £9k | £10k |
| 31/12/2020 | £18k | £21k |
Common questions
Is SAMBROS FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £50,412 to £20,775 due to expenditure exceeding income. The trustees report that the stated reserves policy of maintaining three to six months of expenditure has been maintained throughout the year. The filing confirms the charity is prepared on a going concern basis with adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.