THE SAFERA FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £203,509 for the year ended 31 October 2024, with total unrestricted funds carried forward reaching £1,127,086. However, the balance sheet discloses significant current liabilities of £3,597,191, primarily driven by a bank loan secured against investments, resulting in net current liabilities. The trustees note that financial performance has improved and the charity returned to profitability within lower risk parameters.
What the accounts disclose
Trustees
- FAKHRUDDIN TAHERALLY SUTERWALLA
- Femida Moosajee
- RAZIA RASHID CHINCHANWALA
- SAKINA FAKHRUDDIN SUTERWALLA
- Salim Fakhruddin Suterwalla
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £409k | £267k |
| 31/10/2024 | £111k | £334k |
| 31/10/2023 | £311k | £437k |
| 31/10/2022 | £264k | £1.3m |
| 31/10/2021 | £484k | £607k |
Common questions
Is THE SAFERA FOUNDATION financially healthy?
The accounts state that the charity reported a net surplus of £203,509 for the year ended 31 October 2024, with total unrestricted funds carried forward reaching £1,127,086. However, the balance sheet discloses significant current liabilities of £3,597,191, primarily driven by a bank loan secured against investments, resulting in net current liabilities. The trustees note that financial performance has improved and the charity returned to profitability within lower risk parameters. Its FY2024 accounts were audited by Ward Divecha Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £10k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |