ISSA FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £17,397,497 at the end of the financial year, a decrease from the previous year's £21,322,436. The charity reported a net movement in funds of negative £3,924,939, driven by charitable expenditure of £7,937,817 against incoming resources of £4,012,878. The trustees confirmed that the level of reserves is sufficient to continue as a going concern.
What the accounts disclose
“The level of funds is reviewed before grant commitments are made to ensure that the balance of these funds is always sufficient to cover current and proposed grant commitments and ongoing administration costs.” — page 7
“The total of the charitable donations made by the Trustees was £4,003,100, with a further £4,000 from a close family member of the Trustees. Income of £3,200,000 was received as a result of the UBS UK Donor-Advised Fund recovering Gift Aid of £800,000 on these donations.” — page 26
“During the year the charity was recharged costs relating to capital expenditure of £2,163,541 (2021: £1,424,760) by Monte Developments Limited, a company in which Mr M Issa and Mr Z Issa are directors and ultimate owners.” — page 26
“The total of the charitable donations made by the Trustees was £4,003,100, with a further £4,000 from a close family member of the Trustees. Income of £3,200,000 was received as a result of the UBS UK Donor-Advised Fund recovering Gift Aid of £800,000 on these donations.” — page 26
“During the year the charity was recharged costs relating to capital expenditure of £2,163,541 (2021: £1,424,760) by Monte Developments Limited, a company in which Mr M Issa and Mr Z Issa are directors and ultimate owners.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MOHSIN ISSA
- ZUBER ISSA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £9.9m | £4.0m |
| 31/12/2023 | £7.7m | £4.2m |
| 31/12/2022 | £4.0m | £7.9m |
| 31/12/2021 | £11k | £6.7m |
| 31/12/2020 | £895k | £7.4m |
Common questions
Is ISSA FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £17,397,497 at the end of the financial year, a decrease from the previous year's £21,322,436. The charity reported a net movement in funds of negative £3,924,939, driven by charitable expenditure of £7,937,817 against incoming resources of £4,012,878. The trustees confirmed that the level of reserves is sufficient to continue as a going concern. Its FY2022 accounts were audited by MHA Moore and Smalley.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIR JAMES ROLL CHARITABLE TRUST | 1 | £1k |