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

THE NEWSTAR FOUNDATION

Registered charity 1114772 · accounts filings on the Charity Commission register · also known as BARGIT FAMILY TRUST, TBFCT, THE BARGIT FAMILY CHARITABLE TRUST

Latest income
£260k
Latest spending
£277k
Registered
2006
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted funds increased to £481,531, driven by a net income of £89,945 against charitable expenditure of £250,055. The trustees report adequate resources for the foreseeable future with no material uncertainties regarding going concern. Free reserves are explicitly stated as £481,531.

What the accounts disclose

Related-party transaction: Donations received from Newstar Group Limited, a company in which trustee Imran Bargit is a director.
“During the year, the charity received donations of 810,000 (2022: KNII) &om Newstar Group Limited, a company in which Imran Bargit is a director. Additionally, Imran Bargit made charitable donations of 845, 000 (2022: &l0, 000) to the Foundation. At the year end X1,825 (2022: K), 825) was owed to Imran Bargit relating to expenses incurred on behalf of the Charity. No remuneration or reimbursements For expenses were paid to the trustees in the year.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£260k£277k
31/03/2024£235k£202k
31/03/2023£340k£250k
31/03/2022£50k£90k
31/03/2021£256k£128k

Common questions

Is THE NEWSTAR FOUNDATION financially healthy?

The accounts state that unrestricted funds increased to £481,531, driven by a net income of £89,945 against charitable expenditure of £250,055. The trustees report adequate resources for the foreseeable future with no material uncertainties regarding going concern. Free reserves are explicitly stated as £481,531. Its FY2023 accounts were independently examined.

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
DUCHY HEALTH CHARITY LIMITED1£20k
THE CLARE MILNE TRUST1£8k
THE JONATHAN TOWLER FOUNDATION1£1k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Star Community Foundation.