THE SUPPORT FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted funds of £212,782 at the end of the period, representing a significant increase from the previous year's £126,566. The trustees note that they do not look to hold significant sums in reserve, as they seek to make donations and grants to good causes when funds are available. The charity reported a net income surplus of £86,216 for the year.
What the accounts disclose
“The trustees seek to make donations and grants to good causes when funds are available and thus do not look to hold significant sums in reserve.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Trustees
- Mahesh Patelchair
- ANDREW JOHN LANE
- JOHN NEAL ALFLATT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £190k | £162k |
| 31/03/2024 | £156k | £86k |
| 31/03/2023 | £450 | £15k |
| 31/03/2022 | £80k | £19k |
| 31/03/2021 | £116k | £76k |
Common questions
Is THE SUPPORT FOUNDATION financially healthy?
The accounts state that the charity held unrestricted funds of £212,782 at the end of the period, representing a significant increase from the previous year's £126,566. The trustees note that they do not look to hold significant sums in reserve, as they seek to make donations and grants to good causes when funds are available. The charity reported a net income surplus of £86,216 for the year. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |