AXIS FOUNDATION
The charity focuses on supporting charitable causes within communities with a view to improving the lives of disadvantaged residents of those communities, for example, by supporting the improvement and maintenance of social housing, promoting education, training and skills development and youth diversion programmes.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £664,873 at the end of the financial year, an increase from the previous year's £551,638. The trustees report a strong cash position with no external debt and confirm that adequate resources are available to continue operations on a going concern basis.
What the accounts disclose
“Donations and legacies 2 575,037” — page 11
“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.”
“During the current year, the Foundation received a charitable donation of £216,079 (2023: £236,278) from Axis Europe Ple.” — page 21
Structured financials (annual return, FY ending 31/03/2024)
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?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £664,873 at the end of the financial year, an increase from the previous year's £551,638. The trustees report a strong cash position with no external debt and confirm that adequate resources are available to continue operations on a going concern basis. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £23.2m |
| THE YOUNG BARNET FOUNDATION | 1 | £43k |
| BOLTON COMMUNITY AND VOLUNTARY SERVICES | 1 | £33k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £29k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £23k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £21k |
| THE PETER STEBBINGS MEMORIAL CHARITY | 1 | £20k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 1 | £19k |
Charities like this
- THE AXIS EDUCATIONAL TRUST
- THE LANCASHIRE FOUNDATION
- MOHEBBAN AL - MAHDI YOUTH FOUNDATION
- 13 FOUNDATION
- THE SAIFEE FOUNDATION OF EUROPE
- RIO FERDINAND FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AXIS FOUNDATION | £490k | — | 0 | unclear | — | no doubt |
| THE AXIS EDUCATIONAL TRUST | £879k | — | 0 | unclear | — | no doubt |
| THE LANCASHIRE FOUNDATION | £956k | — | 0 | above | — | no doubt |
| MOHEBBAN AL - MAHDI YOUTH FOUNDATION | £430k | — | 0 | unclear | — | no doubt |
| 13 FOUNDATION | £127k | — | 0 | unclear | — | no doubt |
| THE SAIFEE FOUNDATION OF EUROPE | £21.1m | — | 0 | above | — | no doubt |