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.
Objects
(1) TO ADVANCE THE EDUCATION OF THE GENERAL PUBLIC IN THE UNITED KINGDOM AND OTHER PARTS OF THE WORLD, PARTICULARLY THROUGH THE PROVISION OF FINANCIAL ASSISTANCE AND MATERIAL ASSISTANCE TO STUDENTS IN NEED OF SUCH ASSISTANCE. (11) TO RELIEVE PERSONS IN NEED OR SUFFERING IN THE UNITED KINGDOM AND OTHER PART OF THE WORLD, PARTICULARLY THROUGH THE PROVISION OF FINANCIAL AND MATERIAL ASSISTANCE TO PERSONS IN NEED OF SUCH ASSISTANCE.
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
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Corporate structure
- Registered company of the charity Companies House 03439788 · Financial health read from its filings
Company officers (Companies House)
- MUDDASSIR, Mohammad on trustee list
- SIDDIQUI, Abu Bakr on trustee list
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.