Fountain of Mercy
Latest income
£199k
Latest spending
£379k
Registered
2014
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £303,554, which the trustees consider adequate against a policy target of six months' expenditure. The charity reported a net surplus of £130,049 for the year, funded entirely by voluntary donations.
What the accounts disclose
Reserves policy: six months ahead (held: £304k)
“The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for six months ahead.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: No fee or expenses were paid to trustees or persons connected with them
“No fee or expenses were paid to trustees or persons connected with them” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- MOHAMMED KAYDUL ISLAMchair
- ABDULLAH MEMI
- MOHAMMED AMINUR RAHMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £199k | £379k |
| 31/03/2024 | £282k | £152k |
| 31/03/2023 | £235k | £211k |
| 31/03/2022 | £324k | £311k |
| 31/03/2021 | £174k | £119k |
Common questions
Is Fountain of Mercy financially healthy?
The accounts state that unrestricted reserves increased to £303,554, which the trustees consider adequate against a policy target of six months' expenditure. The charity reported a net surplus of £130,049 for the year, funded entirely by voluntary donations. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CALLEVA FOUNDATION | 1 | £496k |
| THE ALBORADA TRUST | 1 | £35k |
| THE VARDY FOUNDATION | 1 | £30k |
| THE SENECA TRUST | 1 | £18k |
| THE NORTHWICK TRUST | 1 | £15k |
| THE SUNRISE (SIDMOUTH) CHARITABLE TRUST | 1 | £7k |
| CHINESE CHURCH IN LONDON | 1 | £7k |
| WESTGATE BAPTIST CHURCH, NEWCASTLE UPON TYNE | 1 | £6k |