THE COSARAF CHARITABLE FOUNDATION
The Foundation makes grants and donations to support projects in the UK and overseas, with a particular focus on Africa (especially East Africa) and South East Asia. Trustees' focus is on: - promoting strong and cohesive communities;- enabling young people to realise their potential; and, - empowering women and girls
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted reserves decreased from £2,006,585 to £1,382,194 during the year, resulting in a net movement in funds of £(702,206). The trustees report a strong financial position, noting that the charity expects to continue relying on strong income from primary donors and that social loans are expected to be recouped. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 05/04/2024)
Trustees
- AKBAR RASHID SHEIKH
- Ali Rashid Sheikh
- FAROUQ RASHID SHEIKH OBE
- HAROON RASHID SHEIKH
- Hamza Rashid Sheikh
- NAUREEN SHEIKH
- RUKHSANA SHEIKH
- SABA NAZ SHEIKH
- SEEMA JABEEN SHEIKH
- Yusuf Rashid Sheikh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £457k | £876k |
| 05/04/2024 | £2.2m | £1.4m |
| 05/04/2023 | £1.9m | £2.5m |
| 05/04/2022 | £891k | £1.2m |
| 05/04/2021 | £950k | £1.0m |
Common questions
Is THE COSARAF CHARITABLE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity's unrestricted reserves decreased from £2,006,585 to £1,382,194 during the year, resulting in a net movement in funds of £(702,206). The trustees report a strong financial position, noting that the charity expects to continue relying on strong income from primary donors and that social loans are expected to be recouped. The auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Moore NHC Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ALDRIDGE FOUNDATION CIO | 1 | £133k |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £36k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £25k |
| ONE FOOTSTEP | 1 | £20k |
| TRUE COLOURS THEATRE | 1 | £5k |
Charities like this
- SAO FOUNDATION
- CARETECH CHARITABLE FOUNDATION
- EAST AFRICA CHARACTER DEVELOPMENT TRUST
- CAREYS FOUNDATION
- AL SAAF FOUNDATION LTD
- THE SUPPORT FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COSARAF CHARITABLE FOUNDATION | £457k | — | 0 | unclear | — | no doubt |
| SAO FOUNDATION | £812k | — | 0 | unclear | — | no doubt |
| CARETECH CHARITABLE FOUNDATION | £1.1m | — | 0 | above | — | no doubt |
| EAST AFRICA CHARACTER DEVELOPMENT TRUST | £134k | — | — | unclear | — | no doubt |
| CAREYS FOUNDATION | £345k | — | 0 | unclear | — | no doubt |
| AL SAAF FOUNDATION LTD | £212k | — | 0 | unclear | — | no doubt |