THE NEWSTAR FOUNDATION
TO RELIEVE POVERTY, SICKNESS, HARDSHIP AND DISTRESS TO HUMAN LIFE IN GENERAL IN ANY PART OF THE WORLD THROUGH DONATIONS AND/OR PROVISION OF AID IN THE FORM OF MEDICAL OR FOOD OR IN SUCH MANNER AS THE TRUSTEES MAY DETERMINE FROM TIME TO TIME AND TO ADVANCE AND PROMOTE EDUCATION IN ANY PART OF THE WORLD.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £16,975 for the year ended 31 March 2025, resulting in a decrease in unrestricted funds from £514,832 to £497,857. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“Donations and legacies 258,751” — page 6
“During the year, the charity received donations of £2,500 (2024: £20,000) from Nova Apparel Limited, a company in which Imran Bargit has control.” — page 13
“Additionally, Imran & Sazeda Bargit made charitable donations of £55,000 (2024: £50,000) to the Foundation.” — page 13
“During the year, the charity received donations of £2,500 (2024: £20,000) from Nova Apparel Limited, a company in which Imran Bargit has control.” — page 13
“Additionally, Imran & Sazeda Bargit made charitable donations of £55,000 (2024: £50,000) to the Foundation.” — page 13
“During the year, the charity received donations of £2,500 (2024: £20,000) from Nova Apparel Limited, a company in which Imran Bargit has control.” — page 13
“Additionally, Imran & Sazeda Bargit made charitable donations of £55,000 (2024: £50,000) to the Foundation.” — page 13
Trustees
- Ibrahim Bargitchair
- SAZEDA BARGIT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £16,975 for the year ended 31 March 2025, resulting in a decrease in unrestricted funds from £514,832 to £497,857. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THALES CHARITABLE TRUST | 1 | — |
| ST. JAMES'S PLACE CHARITABLE FOUNDATION | 1 | £150k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £103k |
| E B M CHARITABLE TRUST | 1 | £70k |
| THE SCHRODER FOUNDATION | 1 | £50k |
| THE BEATRICE LAING TRUST | 1 | £50k |
| DUCHY HEALTH CHARITY LIMITED | 1 | £25k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £25k |
Charities like this
- Star Community Foundation
- THE ELIZABETH FRANKLAND MOORE AND STAR FOUNDATION
- NEW FUTURES NEPAL LIMITED
- THE PURI FOUNDATION
- NATIONAL STAR FOUNDATION
- THE HARRY & MARY FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NEWSTAR FOUNDATION | £260k | — | 0 | unclear | — | no doubt |
| Star Community Foundation | £300k | — | 0 | unclear | — | no doubt |
| THE ELIZABETH FRANKLAND MOORE AND STAR FOUNDATION | £444k | — | 0 | above | — | no doubt |
| NEW FUTURES NEPAL LIMITED | £122k | — | 0 | unclear | — | no doubt |
| THE PURI FOUNDATION | £5.3m | — | 0 | above | — | no doubt |
| NATIONAL STAR FOUNDATION | £49.6m | — | — | unclear | — | no doubt |