THE FRIENDLY HAND
Grants to support those who are disadvantaged by giving financial support to organisations and individuals.Provision of Educational scholarships and bursariesProvisions of bibles for those in prison and hospitalProvision of grants for priests to undertake refresher courses in the Holy LandProvision of grants to Cathequists
Objects
(A) THE RELIEF OF POVERTY THROUGHOUT THE WORLD AND IN PARTICULAR WITHIN THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND. (B) THE ADVANCEMENT OF EDUCATION THROUGHOUT THE WORLD. (C) THE ADVANCEMENT OF THE CHRISTIAN RELIGION THROUGHOUT THE WORLD. (D) THE RELIEF AND PREVENTION OF SICKNESS DISEASE AND PHYSICAL OR MENTAL DISABILITY THROUGHOUT THE WORLD. (E) SUCH OTHER PURPOSES THAT ARE CHARITABLE UNDER THE LAW OF ENGLAND AND WALES BOTH WITHIN THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND ELSEWHERE THROUGHOUT THE WORLD.
Financial health, per its FY2024 accounts
The charity holds substantial unrestricted reserves of £29,879 alongside significant expendable endowment funds, resulting in total net assets of £2,004,144. With no donations received and no staff employed, the organization relies on investment income to fund charitable grants, maintaining a financially stable position with no material uncertainties regarding its future operations.
What the accounts disclose
“The Trustees have set a reserves policy that will ensure the long term viability of the charity to promote its chosen causes.” — page 5
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- MARIA MARTA LABAYEN OLARREAGA
- Mireia PRETUS LABAYEN
- Rev Laura Luz
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £31k | £159k |
| 31/12/2024 | £28k | £114k |
| 31/12/2023 | £92k | £158k |
| 31/12/2022 | £50k | £158k |
| 31/12/2021 | £37k | £174k |
Common questions
Is THE FRIENDLY HAND financially healthy?
Per its FY2024 accounts: The charity holds substantial unrestricted reserves of £29,879 alongside significant expendable endowment funds, resulting in total net assets of £2,004,144. With no donations received and no staff employed, the organization relies on investment income to fund charitable grants, maintaining a financially stable position with no material uncertainties regarding its future operations. Its FY2024 accounts were independently examined.