THE BRITISH ASIAN TRUST
Financial health, per its FY2025 accounts
The accounts state that total income decreased to £12.5 million from £14.7 million in the prior year, resulting in a net expenditure of £2.9 million. Consequently, net assets fell to £6.3 million, with free reserves standing at £1.7 million against a stated target minimum of £1.5 million. The trustees note a projected small deficit in unrestricted funds for the coming year as the charity invests in strategic priorities and institutional capacity.
What the accounts disclose
“For 2025/2026, £1.5 million has been determined as the target minimum level of free reserves to be held”
“At the balance sheet date, £411,388 (2024: £nil) was owed from a company under common control.” — page 50
Leadership, per the charity’s website
- Lord Jitesh Gadhia — Chair
- Hitan Mehta OBE — Chief Executive
Funders the charity credits
- UK Government
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ASIF RANGOONWALA
- Aatif Hassan
- Dr Shenila Rawal
- Khatun Sapnara
- Lord Jitesh Kishorekumar Gadhia
- Shalni Arora
- Shonnel Malani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £12.5m | £15.4m |
| 31/03/2024 | £14.7m | £16.1m |
| 31/03/2023 | £16.5m | £13.4m |
| 31/03/2022 | £21.7m | £15.2m |
| 31/03/2021 | £5.5m | £6.0m |
Common questions
Is THE BRITISH ASIAN TRUST financially healthy?
The accounts state that total income decreased to £12.5 million from £14.7 million in the prior year, resulting in a net expenditure of £2.9 million. Consequently, net assets fell to £6.3 million, with free reserves standing at £1.7 million against a stated target minimum of £1.5 million. The trustees note a projected small deficit in unrestricted funds for the coming year as the charity invests in strategic priorities and institutional capacity. Its FY2025 accounts were audited by Burgess Hodgson Audit Limited.
Who funds THE BRITISH ASIAN TRUST?
Funders whose own accounts filings name THE BRITISH ASIAN TRUST as a grant recipient include STANDARD CHARTERED FOUNDATION, Z V M RANGOONWALA FOUNDATION, THE SHANTA FOUNDATION, CRODA FOUNDATION, CARETECH CHARITABLE FOUNDATION.
Shared trustees with funders
- ASIF RANGOONWALA — trustee here and at Z V M RANGOONWALA FOUNDATION
Known funders
| Funder | Year | Amount |
|---|---|---|
| STANDARD CHARTERED FOUNDATION | FY2024 | £60.0m |
| Z V M RANGOONWALA FOUNDATION | FY2023 | £625k |
| THE SHANTA FOUNDATION | FY2022 | £500k |
| CRODA FOUNDATION | FY2025 | £220k |
| CARETECH CHARITABLE FOUNDATION | FY2024 | £116k |
| John Lewis Partnership Foundation | FY2024 | £73k |
| THE BESTWAY FOUNDATION | FY2024 | £70k |
| HALCROW FOUNDATION | FY2022 | £50k |
| CARETECH CHARITABLE FOUNDATION | FY2023 | £50k |
| HALCROW FOUNDATION | FY2021 | £20k |
| THE RANDAL CHARITABLE FOUNDATION | FY2023 | £15k |
| THE HINDUJA FOUNDATION | FY2022 | £15k |
| THE RANDAL CHARITABLE FOUNDATION | FY2024 | £15k |
| THE O'SULLIVAN FAMILY CHARITABLE TRUST | FY2022 | £14k |
| THE GOYAL FOUNDATION | FY2022 | £12k |
| THE O'SULLIVAN FAMILY CHARITABLE TRUST | FY2023 | £3k |
| THE HINDUJA FOUNDATION | FY2024 | £200 |
| STANDARD CHARTERED FOUNDATION | FY2022 | — |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| W F SOUTHALL TRUST | 1 | £69k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICHOLAS, TOOTING GRAVENEY | 1 | £17k |
| SELSDON BAPTIST CHURCH | 1 | £6k |
| CARSHALTON BEECHES BAPTIST FREE CHURCH | 1 | £4k |
| RAYNERS LANE BAPTIST CHURCH | 1 | £3k |
| JEREMY ALEXANDER SETTLEMENT | 1 | £2k |
| CHILTERN CHURCH | 1 | £2k |
| Berwick PCC | 1 | £703 |