THE ADFAL TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,277,914, an increase from the previous year's £2,163,718. The charity reported a net outgoing of resources before investment gains of £30,188, but achieved a net gain on investments of £144,384, resulting in a net movement in funds of £114,196. The trustees confirmed the charity is in a strong position with sufficient assets to continue as a going concern.
What the accounts disclose
“The Trustees aim to hold sufficient reserves to allow them to distribute 70-120% of annual income net of expenses.” — page 5
Trustees
- BRIAN ASHFORD-RUSSELL
- FENELLA ELIZABETH ASHFORD-RUSSELL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £130k | £11k |
| 05/04/2024 | £131k | £161k |
| 05/04/2023 | £128k | £63k |
| 05/04/2022 | £120k | £82k |
| 05/04/2021 | £118k | £6k |
Common questions
Is THE ADFAL TRUST financially healthy?
The accounts state that unrestricted reserves stood at £2,277,914, an increase from the previous year's £2,163,718. The charity reported a net outgoing of resources before investment gains of £30,188, but achieved a net gain on investments of £144,384, resulting in a net movement in funds of £114,196. The trustees confirmed the charity is in a strong position with sufficient assets to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| VALLI CHARITABLE TRUST | 1 | £2k |
| SAYABAN WELFARE TRUST | 1 | £1k |