The Kisomo Foundation
Financial health, per its FY2024 accounts
The accounts state that the charity's financial position is healthy, with total funds carried forward increasing to £6,778,113 from £6,242,226 in the prior year. This growth was driven by a net income of £535,887, largely resulting from £603,261 in net gains on investments. The charity maintains unrestricted reserves of £6,769,208, which significantly exceed its stated policy target of six months' expenditure.
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 at least six months expenditure.” — page 4
Register events
- Received assets from another charity (07/03/2023)
Trustees
- David Grunberg
- Lisa Digrandi
- MICHAEL GRAEME ELMS
- Peter Wilson
- SIMON JAMES CLEAVER
- Sally Patterson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2024 | £167k | £234k |
| 30/12/2023 | £160k | £91k |
| 30/12/2022 | £207k | £156k |
| 30/12/2021 | £336k | £475k |
| 30/12/2020 | £351k | £239k |
Common questions
Is The Kisomo Foundation financially healthy?
The accounts state that the charity's financial position is healthy, with total funds carried forward increasing to £6,778,113 from £6,242,226 in the prior year. This growth was driven by a net income of £535,887, largely resulting from £603,261 in net gains on investments. The charity maintains unrestricted reserves of £6,769,208, which significantly exceed its stated policy target of six months' expenditure. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | 3 | £10k |
| THE BROTHERS TRUST | 1 | £39k |
| INTO GIVING LIMITED | 1 | £10k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £7k |
| THE PETER STEBBINGS MEMORIAL CHARITY | 1 | £5k |
| BRITISH HUMANE ASSOCIATION | 1 | £5k |
| THE STERRY FAMILY FOUNDATION | 1 | £5k |
| THE TULA TRUST LIMITED | 1 | £4k |