FARA FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves improved to £11.12m in 2022, with general reserves of £1.72m held within the target range of eight months' net grant funding. The charity relies heavily on its trading subsidiary for income, which generated a surplus of £2.8m to covenant to the parent charity, while investment losses of £575k impacted the year's performance.
What the accounts disclose
“This policy requires FARA to hold general reserves of approximately eight months of net grant funding for the programmes in Romania at any time within the year.”
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (10/10/2023)
Trustees
- Siobhan Geraldine Crosschair
- Dr Yik Siew Hannah Johnson
- Elizabeth Hannah Austin Middleton
- Karen Bendell
- Lucinda Jane Dawson
- Michelle Elizabeth Bonner
- Paul Jeyanathan Gunaratnam
- Richard Hugh Charles Chalk
- Robert Davidson
- Susan Braun
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £12.5m | £12.8m |
| 31/12/2023 | £12.7m | £12.2m |
| 31/12/2022 | £12.1m | £11.0m |
| 31/12/2021 | £9.6m | £9.9m |
| 31/12/2020 | £7.6m | £7.5m |
Common questions
Is FARA FOUNDATION financially healthy?
The accounts state that unrestricted reserves improved to £11.12m in 2022, with general reserves of £1.72m held within the target range of eight months' net grant funding. The charity relies heavily on its trading subsidiary for income, which generated a surplus of £2.8m to covenant to the parent charity, while investment losses of £575k impacted the year's performance. Its FY2022 accounts were audited by Rothmans Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £20k |