THE LINK FOUNDATION LTD
Financial health, per its FY2023 accounts
The accounts state that the charity ended the year with a deficit of £8,978, reducing its unrestricted reserves to £16,882 from £25,860 the previous year. The trustees report that 98% of expenditure was related to assistance and direct costs of raising voluntary income, with support costs minimized at £1,584 due to volunteer staffing. The trustees confirm adequate resources exist to continue operations for the foreseeable future.
What the accounts disclose
“The Foundation aims to keep reserve at a minimum by distributing funds in accordance with the objects, directly to children and their families.” — page 8
“Mrs U Loughrey and her husband P Griffin made personal donations to the charity of £10,342 (2022 £10,580). G&L Scientific Ltd, a company in which P Griffin is a director and shareholder, donated £4,050 to the charity. Vanwall Property Development Limited, a company owned by U Loughrey and her husband, was owed £4,344 at 31 December 2022 in respect of invoices paid on behalf of The Link Foundation.” — page 21
Register events
- Received assets from another charity (17/06/2024)
Trustees
- ELIZABETH SARASWATHY JEYASINGHAM
- KAREN LORRAINE WALTER
- KATHRYN ROBERTS
- Nicola Ross
- Sara Elizabeth Welch
- Una Loughrey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £113k | £121k |
| 31/12/2023 | £110k | £119k |
| 31/12/2022 | £116k | £125k |
| 31/12/2021 | £95k | £87k |
| 31/12/2020 | £142k | £122k |
Common questions
Is THE LINK FOUNDATION LTD financially healthy?
The accounts state that the charity ended the year with a deficit of £8,978, reducing its unrestricted reserves to £16,882 from £25,860 the previous year. The trustees report that 98% of expenditure was related to assistance and direct costs of raising voluntary income, with support costs minimized at £1,584 due to volunteer staffing. The trustees confirm adequate resources exist to continue operations for the foreseeable future. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| M B FOUNDATION (ALSO KNOWN AS MOSSAD HORAV MOSHE ARYEH HALEVY) | 1 | £490k |
| THE MANOUKIAN CHARITABLE FOUNDATION | 1 | £57k |
| CHK Foundation | 1 | £15k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |
| UK FRIENDS OF YAD YISROEL INCORPORATING SPONSOR A MEAL FOUNDATION | 1 | £1k |
| BCH TRUST | 1 | £1k |