J.I.Q BALASATH UK
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net incoming resource deficit of £37,466 for the year ended 31 July 2024, resulting in a significant reduction of unrestricted fund balances from £38,929 to £1,463. Per the trustees' report, the charity has no tangible fixed assets and holds no restricted funds, with all incoming resources derived from voluntary income and charitable activities.
What the accounts disclose
“No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.” — page 9
Trustees
- DILAVER PATEL
- FARUK PATEL
- RASHID PATEL
- SALIM VALLI
- Yamin Aiyyub PATEL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £332k | £225k |
| 31/07/2024 | £329k | £366k |
| 31/07/2023 | £244k | £230k |
| 31/07/2022 | £269k | £260k |
| 31/07/2021 | £237k | £224k |
Common questions
Is J.I.Q BALASATH UK financially healthy?
The accounts state that the charity reported a net incoming resource deficit of £37,466 for the year ended 31 July 2024, resulting in a significant reduction of unrestricted fund balances from £38,929 to £1,463. Per the trustees' report, the charity has no tangible fixed assets and holds no restricted funds, with all incoming resources derived from voluntary income and charitable activities. Its FY2024 accounts were independently examined.