AXIS FOUNDATION
Latest income
£490k
Latest spending
£534k
Registered
2008
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves increased to £551,638, exceeding the stated policy target of 20% of donations received. The charity reported a net income of £238,379 and holds a strong cash position with no external debt, indicating stable financial health.
What the accounts disclose
Reserves policy: 20% of all donations received (held: £552k)
“The Foundation aims to maintain a reserve cover of 20% as a minimum of all donations received during the period to cover the cost of future grants and other unforeseen events.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donation from Axis Europe Plc
“During the current year the Foundation received a charitable donation of £215,000 (2022 - £170,000) from Axis Europe Plc.” — page 16
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2024)
Total income
£575k
Total spending
£462k
Cost of raising funds
£94k
Reserves (reported)
£0
Employees
0
Trustees
- Claire Pearce
- JOHN MARTIN HAYES
- MAURICE GERTSKI
- MICHAEL ANTHONY HAYES
- PETER DEREK VARNEY
- TIMOTHY HAYES
- YUSUF IBRAHIM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £490k | £534k |
| 31/03/2024 | £575k | £462k |
| 31/03/2023 | £608k | £370k |
| 31/03/2022 | £375k | £247k |
| 31/03/2021 | £226k | £109k |
Common questions
Is AXIS FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £551,638, exceeding the stated policy target of 20% of donations received. The charity reported a net income of £238,379 and holds a strong cash position with no external debt, indicating stable financial health. Its FY2023 accounts were audited by Grant Thornton UK LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| THE COLES-MEDLOCK FOUNDATION | 1 | £21k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £15k |
| THE BARBARA WARD CHILDREN'S FOUNDATION | 1 | £14k |
| THE PETER STEBBINGS MEMORIAL CHARITY | 1 | £10k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £5k |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | 1 | £3k |