KHALSA FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted reserves of £46,633 at the end of the period, a decrease from £61,159 in the prior year. The trustees report that the organisation is in a financially healthy position and can continue to expand its operations sustainably, despite noting that inflation and the cost of operations have increased significantly. The charity received an independent examination with no material matters of concern raised by the examiner.
What the accounts disclose
“It is ensured that funds remain in reserves to ensure the organisation can pay unforeseen costs that may arise.”
Trustees
- Bhagat Singh
- Gurlaal Singh Hayer
- Inderjit Singh
- PARMVIR SINGH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £159k | £168k |
| 31/12/2023 | £125k | £139k |
| 31/12/2022 | £68k | £85k |
| 31/12/2021 | £64k | £39k |
| 31/12/2020 | £32k | £38k |
Common questions
Is KHALSA FOUNDATION financially healthy?
The accounts state that the charity held unrestricted reserves of £46,633 at the end of the period, a decrease from £61,159 in the prior year. The trustees report that the organisation is in a financially healthy position and can continue to expand its operations sustainably, despite noting that inflation and the cost of operations have increased significantly. The charity received an independent examination with no material matters of concern raised by the examiner. Its FY2023 accounts were independently examined.