Charity Accounts Intelreading the accounts so you don’t have to

Friends of Namuwongo Community Foundation

Registered charity 1149786 · accounts filings on the Charity Commission register · also known as FRIENDS OF RAY OF HOPE - UGANDA

Latest income
£116k
Latest spending
£99k
Registered
2012
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a net expenditure of £17,260 for the year ended 31 December 2022, resulting in a decrease in unrestricted funds from £250,582 to £233,321. The trustees note that rising costs in both the UK and Uganda, combined with inflation and exchange rate fluctuations, have created a challenging financial environment. Despite this, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £233k)
“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
Per its FY2022 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hampshire · Uganda

Income and spending

Financial year endIncomeSpending
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?

The accounts state that the charity reported a net expenditure of £17,260 for the year ended 31 December 2022, resulting in a decrease in unrestricted funds from £250,582 to £233,321. The trustees note that rising costs in both the UK and Uganda, combined with inflation and exchange rate fluctuations, have created a challenging financial environment. Despite this, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2022 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
DEBMAR BENEVOLENT TRUST LIMITED1£190k
BEIS MENACHEM CHABAD LUBAVITCH1£102k
CML - CHEVRAS MO'OZ LADOL1£21k
YESHIVAS LUBAVITCH MANCHESTER1£20k
THE ELIEZER FOUNDATION1£10k
ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT1£8k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE FRIENDS OF NORTH KIGEZI DIOCESE.