THE ABASEEN FOUNDATION U.K.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell to £48,566 from £59,018 in the prior year, resulting in a net incoming resource of £31,343 for the period. The trustees note a period of uncertainty regarding funding but confirm that reserves are monitored against a policy target of one to two months' expenditure. The charity remains eligible for government support and bank facilities to maintain operations.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between one and two month's expenditure.” — page 7
“The trustees will continue to monitor free reserves carefully and will avail themselves of the support that Government has pledged, when and if required, to operate with available cash reserves and bank facilities through this period of uncertainty.” — page 7
Structured financials (annual return, FY ending 31/03/2021)
Register events
- Received assets from another charity (25/04/2017)
Trustees
- David Le Mare
- Eileen Waddington
- Erica Lewis
- HAFIZA SULEMAN
- HELEN BINGLEY
- Hassan Rehmani
- INAYAT MUNSHI
- Ikrash Darr
- Keith Owen
- MICHAEL JOSEPH MCKEOWN
- NICOLA MARY LOWE
- Peter Nicholas Ansell
- Robina Afzal
- Shakil Salam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £234k | £247k |
| 31/03/2024 | £258k | £227k |
| 31/03/2023 | £310k | £361k |
| 31/03/2022 | £221k | £224k |
| 31/03/2021 | £688k | £598k |
Common questions
Is THE ABASEEN FOUNDATION U.K. financially healthy?
The accounts state that unrestricted reserves fell to £48,566 from £59,018 in the prior year, resulting in a net incoming resource of £31,343 for the period. The trustees note a period of uncertainty regarding funding but confirm that reserves are monitored against a policy target of one to two months' expenditure. The charity remains eligible for government support and bank facilities to maintain operations. Its FY2024 accounts were independently examined.