FRIENDS FOR DEVELOPMENT
Makes Grants to individuals and other organisations
Objects
TO OR FOR SUCH' PURPOSES-THAT ARE CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES FOR THE BENEFIT OF THE PUBLIC, IN PARTICULAR BUT, NOT EXCLUSIVELY THROUGH THE PROVISION OF GRANTS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves totalled £908,766 at year-end, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income increase from £32,156 to £27,413 in investment income, while charitable expenditure decreased significantly from £33,678 to £13,039, resulting in a positive movement in funds.
What the accounts disclose
“It is the policy of the charity 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 4
Policies the charity declares
- Internal charity financial controls policy and procedures
Property (HM Land Registry)
Trustees
- MOHAMEDALI GULAMHUSEIN KURJI JESSANIchair
- Teresa Ann South
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £27k | £13k |
| 31/12/2024 | £32k | £34k |
| 31/12/2023 | £27k | £10k |
| 31/12/2022 | £24k | £16k |
| 31/12/2021 | £19k | £20k |
Common questions
Is FRIENDS FOR DEVELOPMENT financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves totalled £908,766 at year-end, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income increase from £32,156 to £27,413 in investment income, while charitable expenditure decreased significantly from £33,678 to £13,039, resulting in a positive movement in funds. Its FY2025 accounts were independently examined.