READ FOUNDATION

Registered charity 1160256 · accounts filings on the Charity Commission register · also registered in Scotland as SC052632 (OSCR)

READ FOUNDATION CHANGED ITS LEGAL STRUCTURE FROM A TRUST TO A CHARITABLE COMPANY, NO:1160256. HISTORICAL INFORMATION IS AVAILABLE UNDER THE PREVIOUS CHARITY NUMBER: 1114808.READ Foundation builds purpose built schools to provide quality education for poor and rural communities. It sponsors orphans & needy children to gain the skills needed to help themselves out of poverty.

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · website · Get email alerts

Financial health, per its FY2025 accounts

The accounts state that total income increased to £12.08 million with total expenditure at £10.11 million, resulting in a net income of £1.98 million. The charity holds total funds of £9.05 million, which exceeds its stated reserves policy of six months of core operational costs. The trustees consider the going concern basis appropriate, noting that while activities depend on uncertain funding streams, there are no other material uncertainties about the charity's ability to continue.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by THP Limited. Discloses 3 of 6 completeness components.

Public fundraising profile: JustGiving — READ Foundation (matched by registered charity number).

Public profiles (found on the charity’s own website): instagram

Structured financials (annual return, FY ending 31/03/2025)

Reported reserves equal ~0.9 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 16.3% of total income — in the top quarter for charities its size (median 3.8%) (benchmarks).

Register events

• Received assets from another charity (19/04/2018) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

• HAROON RASHIDchair · trustee of 3 other charities
• Asif Ansari
• Dr USMAN CHOUDRY
• RIZWAN RASHID · trustee of 2 other charities
• Saeed Mahmood
• Sarah Salam

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

Operates in: Bangladesh · Lebanon · Occupied Palestinian Territories · Pakistan · Turkey · Yemen

Income and spending

Common questions

Known funders

Grants to this charity found in funders’ own accounts filings.

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE READING FOUNDATION.

• THE READING FOUNDATION income £517k
• READING REAL ESTATE FOUNDATION income £629k
• RAINE'S SCHOOL FOUNDATION income £242k
• READ FOR GOOD income £1.5m
• THE CHANGE FOUNDATION income £1.3m
• THE LEGAL EDUCATION FOUNDATION income £6.3m

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.