FORMAN CHARITABLE TRUST
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £893,664, with a stated policy to distribute funds as needed rather than holding reserves for overheads. The charity reported total income of £79,086 and charitable expenditure of £29,217, resulting in a net increase in funds for the year. The trustees confirmed adequate resources for going concern with no material uncertainties identified.
What the accounts disclose
“The charity's policy is to distribute funds held as they are needed.”
Trustees
- MR STEPHEN JOHN FORMANchair
- ADAM ROBERT FORMAN
- BARBARA LINDA FORMAN
- BENJAMIN LEON FORMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £176k | £33k |
| 31/03/2024 | £79k | £30k |
| 31/03/2023 | £46k | £15k |
| 31/03/2022 | £118k | £23k |
| 31/03/2021 | £36k | £20k |
Common questions
Is FORMAN CHARITABLE TRUST financially healthy?
The accounts state that unrestricted reserves stood at £893,664, with a stated policy to distribute funds as needed rather than holding reserves for overheads. The charity reported total income of £79,086 and charitable expenditure of £29,217, resulting in a net increase in funds for the year. The trustees confirmed adequate resources for going concern with no material uncertainties identified. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KEREN ASSOCIATION LIMITED | 1 | £188k |
| TRUMROS LIMITED | 1 | £142k |
| CARLEE LTD | 1 | £50k |
| C E K STERN CHARITABLE TRUST | 1 | £35k |
| SIVA CHARITABLE FUND | 1 | £23k |
| H P CHARITABLE TRUST | 1 | £21k |
| SHAAREI RACHAMIM LIMITED | 1 | £14k |
| AHAVAS SHALOM TRUST | 1 | £7k |