ALQUITY TRANSFORMING LIVES FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity received £68,063 in donations and spent £55,662 on charitable activities, resulting in a net income of £12,651 for the year. Total unrestricted funds increased to £442,581, with the trustees maintaining a minimum cash reserve of £25,000. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“At all times, the Foundation will seek to ensure it has a minimum of £25,000 of cash (or cash-like instruments) reserves.” — page 4
Corporate structure
- Registered company of the charity Companies House 09405449
Trustees
- David Brocklebankchair
- Julia Riches
- Natasha Kwakwa
- Paul Howard Robinson
- Veena Giridhar Gopal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £131k | £53k |
| 30/06/2024 | £68k | £56k |
| 30/06/2023 | £83k | £68k |
| 30/06/2022 | £124k | £64k |
| 30/06/2021 | £87k | £72k |
Common questions
Is ALQUITY TRANSFORMING LIVES FOUNDATION financially healthy?
The accounts state that the charity received £68,063 in donations and spent £55,662 on charitable activities, resulting in a net income of £12,651 for the year. Total unrestricted funds increased to £442,581, with the trustees maintaining a minimum cash reserve of £25,000. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Mercer Lewin Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| M B FOUNDATION (ALSO KNOWN AS MOSSAD HORAV MOSHE ARYEH HALEVY) | 1 | £260k |
| BELRON RONNIE LUBNER CHARITABLE FOUNDATION | 1 | £175k |
| NER FOUNDATION | 1 | £144k |
| SAMJO LIMITED | 1 | £76k |
| BROOM FOUNDATION | 1 | £73k |
| LONIA LIMITED | 1 | £69k |
| GOLDHEART CHARITY LIMITED | 1 | £50k |
| OIZER CHARITABLE TRUST | 1 | £50k |