EURO QUALITY FOUNDATION
Latest income
£453k
Latest spending
£319k
Registered
2007
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,419,883, an increase from the previous year's £1,286,245. The trustees consider this level of funds sufficient to meet future requirements and confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: a level of unrestricted reserves, which meets the needs of the Foundation both at the current time and in the foreseeable future (held: £1.4m)
“The Foundation's policy is to retain a level of unrestricted reserves, which meets the needs of the Foundation both at the current time and in the foreseeable future.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation received £206,036 from Corvedale Fresh Limited, a related party as one of the trustees is also a director.
“The Foundation received £206,036 (2024: £Nil) from Corvedale Fresh Limited. Corvedale Fresh Limited is defined as a related party under FRS 102 as one of the trustees of Euro Quality Foundation is also a director of Corvedale Fresh Limited.” — page 25
“The Foundation received £150,000 (2024: £Nil) from Newington Limited. Newington Limited is defined as a related party under FRS 102 as one of the trustees of Euro Quality Foundation is also a director of Newington Limited.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation received £150,000 from Newington Limited, a related party as one of the trustees is also a director.
“The Foundation received £206,036 (2024: £Nil) from Corvedale Fresh Limited. Corvedale Fresh Limited is defined as a related party under FRS 102 as one of the trustees of Euro Quality Foundation is also a director of Corvedale Fresh Limited.” — page 25
“The Foundation received £150,000 (2024: £Nil) from Newington Limited. Newington Limited is defined as a related party under FRS 102 as one of the trustees of Euro Quality Foundation is also a director of Newington Limited.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 30/06/2023)
Total income
£782k
Total spending
£544k
Reserves (reported)
£100k
Employees
0
Trustees
- Ajaz Ahmed
- MR MN MANSHA
- RIZVAN MOHAMMAD KHALID
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £453k | £319k |
| 30/06/2024 | £109k | £639k |
| 30/06/2023 | £782k | £544k |
| 30/06/2022 | £718k | £628k |
| 30/06/2021 | £517k | £552k |
Common questions
Is EURO QUALITY FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £1,419,883, an increase from the previous year's £1,286,245. The trustees consider this level of funds sufficient to meet future requirements and confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Grant Thornton.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 1 | £15k |
| GIVE A GIFT | 1 | £10k |