EURO CHAI SOUTH AFRICA
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income surplus of £9,684 for the year ended 31 December 2024, with total incoming resources of £133,420. Total funds carried forward increased to £183,033, and the trustees maintain sufficient reserves to cover future administrative costs while distributing funds to beneficiaries within a short timescale.
What the accounts disclose
“The policy of the Trustees is to distribute all funds received into the Charity within a short timescale. Sufficient funds are kept in the Charity to cover the administrative costs for the future fundraising activities.” — page 4
“During 2024 Kifo Limited donated £39,500 to Euro Chai South Africa. Greg Roediger, a Trustee of Euro Chai South Africa is a Director of Kifo Limited. There are no conditions attached to this donation that affect the nature of the existing activities. There were no other related party transactions for the year ended 31 December 2024.” — page 13
Trustees
- Sean Alan Melnickchair
- GREGORY ROEDIGER
- RALPH JONATHAN FRANK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £133k | £124k |
| 31/12/2023 | £50k | £43k |
| 31/12/2022 | £10k | £6k |
| 31/12/2021 | £24k | £20k |
| 31/12/2020 | £46k | £81k |
Common questions
Is EURO CHAI SOUTH AFRICA financially healthy?
The accounts state that the charity generated a net income surplus of £9,684 for the year ended 31 December 2024, with total incoming resources of £133,420. Total funds carried forward increased to £183,033, and the trustees maintain sufficient reserves to cover future administrative costs while distributing funds to beneficiaries within a short timescale. Its FY2024 accounts were audited by Town & Forest.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHREE RAJ SAUBHAG SATSANG MANDAL UK | 1 | £150 |