Friends of Namuwongo Community Foundation
TO ADVANCE THE EDUCATION OF THE PUPILS AT THE RAY OF HOPE SCHOOL, UGANDA BY PROVIDING AND ASSISTING IN THE PROVISION OF FACILITIES (NOT REQUIRED TO BE PROVIDED BY THE LOCAL EDUCATION AUTHORITY) FOR EDUCATION AT THE SCHOOL AND TO ASSIST IN SUCH WAYS AS THE THE CHARITY TRUSTEES THINK FIT FOR THE PUBLIC BENEFIT.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £253,840 at the end of the financial year, an increase from £237,025 the previous year. The trustees' report notes that the charity maintains a reserves policy of holding at least three months' money to cover expenses, and the current balance significantly exceeds this target. The charity reported a net surplus of £16,815 for the year, with total income of £115,730 against charitable expenditure of £98,915.
What the accounts disclose
“funding from ‘Friends...’ is by far its major secure source, accounting for 93% or more of their income.” — page 5
“The charity ensures it has at least three months money held in reserve to cover expenses, general monthly costs and any unforseen expenditure.” — page 4
Trustees
- STEVEN JENNINGSchair
- ELIZABETH JENNINGS
- MATTHEW BREARLEY
- Nicola Ann Brearley
- Susan Forward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £116k | £99k |
| 31/12/2023 | £119k | £115k |
| 31/12/2022 | £85k | £102k |
| 31/12/2021 | £90k | £76k |
| 31/12/2020 | £142k | £59k |
Common questions
Is Friends of Namuwongo Community Foundation financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £253,840 at the end of the financial year, an increase from £237,025 the previous year. The trustees' report notes that the charity maintains a reserves policy of holding at least three months' money to cover expenses, and the current balance significantly exceeds this target. The charity reported a net surplus of £16,815 for the year, with total income of £115,730 against charitable expenditure of £98,915. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £8k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |
Charities like this
- THE FRIENDS OF NORTH KIGEZI DIOCESE
- RAYS OF HOPE
- GREENFIELDS EDUCATIONAL TRUST
- HELPING UGANDA SCHOOLS (HUGS)
- THE NAYAMBA TRUST
- NEPHRA GOOD NEIGHBOURS CHARITABLE INCORPORATED ORGANISATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Friends of Namuwongo Community Foundation | £116k | — | 0 | unclear | — | no doubt |
| THE FRIENDS OF NORTH KIGEZI DIOCESE | £109k | — | 0 | below | — | no doubt |
| RAYS OF HOPE | £759k | — | 0 | unclear | — | no doubt |
| GREENFIELDS EDUCATIONAL TRUST | £1.3m | — | — | below | — | noted |
| HELPING UGANDA SCHOOLS (HUGS) | £266k | — | 0 | unclear | — | no doubt |
| THE NAYAMBA TRUST | £49k | — | 0 | within | — | no doubt |