HASSANALI & JENNABAI VISRAM FOUNDATION (AKA H & J VISRAM FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £431,385, which the trustees consider sufficient to protect ongoing work and meet objectives. The charity reported a net income of £124,895 and held total funds of £997,570 at year-end. The trustees confirmed there are no significant factors affecting the charity's ability to continue as a going concern.
What the accounts disclose
“The level of free reserves as at 31 December 2024 was approximately £431,385 (2023: £309,581).” — page 5
“During the year, the Charity received donations of £122,342 (2023: £34,713) from various related entities. Mohamed Visram, Yasmin Somji and Kulsum Visram are trustees of the H & J Visram Foundation and are also directors/trustees of the donating entities.” — page 14
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Trustees
- GEOFFREY NEWHOUSEchair
- Fatemah Bhanji
- Kulsum Visram
- MOHAMED ROSHANALI VISRAM
- SHAMIM MANJI
- YASMIN SOMJI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £174k | £49k |
| 31/12/2023 | £75k | £85k |
| 31/12/2022 | £68k | £109k |
| 31/12/2021 | £158k | £126k |
| 31/12/2020 | £166k | £94k |
Common questions
Is HASSANALI & JENNABAI VISRAM FOUNDATION (AKA H & J VISRAM FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £431,385, which the trustees consider sufficient to protect ongoing work and meet objectives. The charity reported a net income of £124,895 and held total funds of £997,570 at year-end. The trustees confirmed there are no significant factors affecting the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.