CHARITY RIGHT
Financial health, per its FY2023 accounts
The accounts state that total income increased by 5% to £2.89m, while charitable expenditure decreased by 9% to £3.05m, resulting in a net expenditure for the year. The trustees report that the year-end reduction in reserves was a temporary consequence of optimising cashflow, and the charity maintained sufficient funds to meet its policy target of three months' operational expenditure cover.
What the accounts disclose
Leadership, per the charity’s website
- Asim Lone — CEO
- Fraz Butt — Chairman
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Akhter Raouf
- Fraz Butt
- Shahzad Younas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.0m | £3.3m |
| 31/12/2023 | £2.9m | £3.1m |
| 31/12/2022 | £2.7m | £3.4m |
| 31/12/2021 | £2.1m | £2.4m |
| 31/12/2020 | £3.1m | £2.1m |
Common questions
Is CHARITY RIGHT financially healthy?
The accounts state that total income increased by 5% to £2.89m, while charitable expenditure decreased by 9% to £3.05m, resulting in a net expenditure for the year. The trustees report that the year-end reduction in reserves was a temporary consequence of optimising cashflow, and the charity maintained sufficient funds to meet its policy target of three months' operational expenditure cover. Its FY2023 accounts were audited by Pearlman Rose.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE COLES-MEDLOCK FOUNDATION | 3 | £83k |
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 2 | £156k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 2 | £72k |
| EDUCATIONAL OPPORTUNITY FOUNDATION | 2 | £70k |
| THE TULA TRUST LIMITED | 2 | £8k |
| C B AND H H TAYLOR 1984 TRUST | 2 | £4k |
| FROM BABIES WITH LOVE FOUNDATION | 1 | — |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £624k |