St. Mark Universal Care
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £22,207 for the year, resulting in a decrease in unrestricted funds from £629,033 to £606,826. The trustees confirm that the charity is a going concern, noting that budgeted income and expenditure are sufficient with the current level of reserves to continue operations. The charity operates a defined contribution pension scheme and has no defined benefit pension deficit.
What the accounts disclose
“Where possible the charity will retain around 25% for future investment with the aim of establishing an investment portfolio to provide longer term secured funding to support its projects.”
“Dr Fouad has provided funding to the Charity of £353,700 (2023 - £325,200) by way of loan. The loan is interest free and has no fixed repayment date.” — page 15
Trustees
- Amira Shawky Nessim Dimetrios
- Arsany Kanawaty
- Christopher Fouad
- Dr Demiana Lenzi Lewis Hanna
- Dr NASER MICHEL FOUAD
- HALA ELNARSHY FOUAD
- Lourence Hanna
- Michael Fouad
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £202k | £200k |
| 31/03/2024 | £171k | £194k |
| 31/03/2023 | £143k | £215k |
| 31/03/2022 | £233k | £274k |
| 31/03/2021 | £400k | £427k |
Common questions
Is St. Mark Universal Care financially healthy?
The accounts state that the charity reported a net expenditure of £22,207 for the year, resulting in a decrease in unrestricted funds from £629,033 to £606,826. The trustees confirm that the charity is a going concern, noting that budgeted income and expenditure are sufficient with the current level of reserves to continue operations. The charity operates a defined contribution pension scheme and has no defined benefit pension deficit. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HUMAN RELIEF FOUNDATION | 1 | £238k |
| H P CHARITABLE TRUST | 1 | £21k |
| SHAAREI RACHAMIM LIMITED | 1 | £14k |
| THE BIRMINGHAM MOSQUE TRUST LIMITED | 1 | £5k |
| KEHAL YETEV LEV | 1 | £5k |