OLIVE LANTERN TRUST
PROVIDING support to students, their institutes AND THEIR COMMUNITIES Around the WORLD. THIS IS DONE BY DISTRIBUTING FUNDS or other forms of support TO individuals and/or ORGANISATIONS.
Objects
THE FOLLOWING OBJECTS ARE ESTABLISHED FOR THE PUBLIC BENEFIT IN PARTICULAR BUT NOT EXCLUSIVELY IN AFRICA, THE MIDDLE EAST, AND ASIA:- 1)TO ADVANCE EDUCATION; 2)TO RELIEVE FINANCIAL HARDSHIP; AND 3)FOR THE RELIEF AND ASSISTANCE OF PEOPLE WHO ARE THE VICTIMS OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE IN PARTICULAR BY THE SUPPLY OF MEDICAL AID TO SUCH PERSONS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £48,312, providing a surplus over the previous year's £37,408. The trustees maintain a reserves policy targeting 12 months of unrestricted expenditure, which the current free reserves appear to exceed given the annual expenditure of £36,328. No material uncertainties or deficits were reported by the independent examiner.
What the accounts disclose
“TO MAINTAIN UNRESTRICTED FUNDS WHICH ARE THE FREE RESERVES OF THE CHARITY, THIS EQUATES TO 12 MONTHS OF UNRESTRICTED EXPENDITURE.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Dr Amjad Mohammedchair
- AMINA MOHAMMED
- YUSUF MOHAMED MAYAT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £47k | £36k |
| 31/03/2024 | £33k | £10k |
| 31/03/2023 | £11k | £12k |
| 31/03/2022 | £25k | £13k |
| 31/03/2021 | £38k | £36k |
Common questions
Is OLIVE LANTERN TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds increased to £48,312, providing a surplus over the previous year's £37,408. The trustees maintain a reserves policy targeting 12 months of unrestricted expenditure, which the current free reserves appear to exceed given the annual expenditure of £36,328. No material uncertainties or deficits were reported by the independent examiner. Its FY2025 accounts were independently examined.