THE COSARAF CHARITABLE FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity maintains a strong financial position with unrestricted reserves of £2,006,585 and restricted reserves of £314,196 at the end of the year. The trustees report that the charity is well-placed to deliver its long-term objectives, relying on continued strong income from primary donors and noting that there are no material pension liabilities.
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?
The accounts state that the charity maintains a strong financial position with unrestricted reserves of £2,006,585 and restricted reserves of £314,196 at the end of the year. The trustees report that the charity is well-placed to deliver its long-term objectives, relying on continued strong income from primary donors and noting that there are no material pension liabilities. Its FY2024 accounts were audited by Moore NHC Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| ALDRIDGE FOUNDATION CIO | 1 | £131k |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £26k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £25k |