THE AMJAD AND SUHA BSEISU FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £1,333,951 for the year ended 31 December 2024, driven by significant investment gains of £1,489,738 which offset a net expenditure on charitable activities. The trustees confirm that unrestricted reserves of £667,576 are held to cover future commitments, and the auditors have concluded there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the Foundation that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- AMJAD ADNAN NUREDDIN BSEISU
- SUHA RIAD TAWFIQ BSEISU
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £1.8m |
| 31/12/2023 | £1.1m | £797k |
| 31/12/2022 | £3.1m | £599k |
| 31/12/2021 | £434k | £844k |
| 31/12/2020 | £872k | £475k |
Common questions
Is THE AMJAD AND SUHA BSEISU FOUNDATION financially healthy?
The accounts state that the charity reported a net movement in funds of £1,333,951 for the year ended 31 December 2024, driven by significant investment gains of £1,489,738 which offset a net expenditure on charitable activities. The trustees confirm that unrestricted reserves of £667,576 are held to cover future commitments, and the auditors have concluded there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Harris & Trotter LLP.