THE U FOUNDATION LTD
The main areas of charitable activity are the provision of overseas relief through the support of education and community projects, mainly in Zambia. We work with charitable organisations or trusts who can identify potential beneficiaries and oversea and manage funds on our behalf.
Objects
TO PROVIDE RELIEF FROM POVERTY, SICKNESS AND DISTRESS IN ANY PART OF THE WORLD AND IN PARTICULAR THE CONTINENT OF AFRICA AND IN FURTHERANCE OF THIS OBJECT TO PROVIDE RELIEF BY THE PROVISION OF FACILITIES OF ALL KINDS, SUPPORT SERVICES AND EQUIPMENT GENERALLY CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS AND TO PROMOTE AWARENESS OF POVERTY IN AFRICA AND ELSEWHERE GENERALLY.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £24,512 for the year ended 31 December 2024, resulting in net assets of £139,933. The trustees' report notes that fundraising has become increasingly challenging due to rising costs and a competitive landscape, prompting the engagement of a professional grant funding company. Despite the deficit, the charity maintains sufficient cash reserves to continue its activities.
What the accounts disclose
“General Donations (note 1) 41,760” — page 15
“The trustees aim to maintain sufficient reserves to enable the charity to continue its activities for a period of approximately two years.” — page 5
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Volunteer management
Trustees
- BARBARA ANN FLETCHER
- Charles Gwillim
- HARSAD CHIKHLIA
- ROBERT JOHN BEARE
- SARAH LOUISE ELTON
- Shelagh Thomson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £47k | £71k |
| 31/12/2023 | £93k | £132k |
| 31/12/2022 | £29k | £49k |
| 31/12/2021 | £28k | £22k |
| 31/12/2020 | £70k | £78k |
Common questions
Is THE U FOUNDATION LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit of £24,512 for the year ended 31 December 2024, resulting in net assets of £139,933. The trustees' report notes that fundraising has become increasingly challenging due to rising costs and a competitive landscape, prompting the engagement of a professional grant funding company. Despite the deficit, the charity maintains sufficient cash reserves to continue its activities. Its FY2024 accounts were independently examined.