Charity Accounts Intelreading the accounts so you don’t have to

THE WORLD MEMON ORGANISATION CHARITABLE FOUNDATION

Registered charity 1101413 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

Latest income
£486k
Latest spending
£355k
Registered
2004
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted funds are in a deficit of $(3,528) due to insufficient donation collection, though the trustees have the ability to use the Trustee Fund to cover this shortfall. The charity's reserves policy is to maintain six months of expenditure, and while unrestricted funds are negative, the Trustee Fund holds US$ 2,500,000 in investments generating a 5% return. The auditor confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: six months expenditure (held: £-4k)
“The Board of Trustees had reviewed the charity’s reserves policy and agreed to maintain six months expenditure to cover essential operating costs.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by KWSR & Co, Chartered Accountants & Registered Auditors.

Corporate structure

Structured financials (annual return, FY ending 31/12/2023)

Total income
£544k
Total spending
£559k
Cost of raising funds
£4k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£486k£355k
31/12/2023£544k£559k
31/12/2022£508k£526k
31/12/2021£690k£738k
31/12/2020£637k£597k

Common questions

Is THE WORLD MEMON ORGANISATION CHARITABLE FOUNDATION financially healthy?

The accounts state that unrestricted funds are in a deficit of $(3,528) due to insufficient donation collection, though the trustees have the ability to use the Trustee Fund to cover this shortfall. The charity's reserves policy is to maintain six months of expenditure, and while unrestricted funds are negative, the Trustee Fund holds US$ 2,500,000 in investments generating a 5% return. The auditor confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by KWSR & Co, Chartered Accountants & Registered Auditors.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE UNION OF ORTHODOX HEBREW CONGREGATIONS1£12k
THE RABBI MOSHE & LEAH DERMER FOUNDATION1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MUSLIM YOUTH FOUNDATION.