THE KARLSSON JATIVA CHARITABLE FOUNDATION
Latest income
£2.8m
Latest spending
£2.7m
Registered
2016
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves were £718,824, which is in excess of the Trustees' stated policy target of £250,000. Per the trustees' report, the Foundation's total funds decreased to £29,414,607 due to a net loss on investments, though the Trustees consider the going concern basis appropriate given the sufficient reserves.
What the accounts disclose
Reserves policy: £250,000 (held: £719k)
“Taking these factors into account, it is the Trustees' policy to retain, out of the Foundation's unrestricted income, £250,000 in reserves. This is considered sufficient in order to cover 3 months of funding requirements of current projects and potential new projects.” — page 9
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: A trustee paid £4,212 for office administration, travel, and IT costs for the benefit of the Foundation, which will not be reimbursed.
“In the financial year, one of the Trustees paid fees of £4,212 (2021: £5,191) for office administration, travel and IT costs, for the benefit of the Foundation. The fees will not be reimbursed by the Foundation.” — page 27
“In the financial year, the Trust has benefited from being able to share office space with an entity under the control of one of the Trustees. The estimated rental value of £5,400 (2021: £7,650) of this benefit will not be reimbursed by the Foundation.”
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation benefited from sharing office space with an entity controlled by a trustee, with an estimated rental value of £5,400 not reimbursed.
“In the financial year, one of the Trustees paid fees of £4,212 (2021: £5,191) for office administration, travel and IT costs, for the benefit of the Foundation. The fees will not be reimbursed by the Foundation.” — page 27
“In the financial year, the Trust has benefited from being able to share office space with an entity under the control of one of the Trustees. The estimated rental value of £5,400 (2021: £7,650) of this benefit will not be reimbursed by the Foundation.”
Per its FY2022 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£101.5m
Total spending
£2.7m
Cost of raising funds
£252k
Reserves (reported)
£848k
Employees
4
Trustees
- KJCF Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.8m | £2.7m |
| 31/12/2023 | £2.5m | £1.9m |
| 31/12/2022 | £1.3m | £1.2m |
| 31/12/2021 | £2.8m | £2.8m |
| 31/12/2020 | £766k | £1.4m |
Common questions
Is THE KARLSSON JATIVA CHARITABLE FOUNDATION financially healthy?
The accounts state that unrestricted reserves were £718,824, which is in excess of the Trustees' stated policy target of £250,000. Per the trustees' report, the Foundation's total funds decreased to £29,414,607 due to a net loss on investments, though the Trustees consider the going concern basis appropriate given the sufficient reserves. Its FY2022 accounts were audited by Rawlinson & Hunter Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ZOUQ FOUNDATION | 1 | — |
| SABEEL FOUNDATION | 1 | £424k |
| EPSOM AND EWELL ISLAMIC SOCIETY | 1 | £52k |
| THE DAKRI CHARITABLE TRUST | 1 | £4k |
| Indigent Welfare and Education Trust | 1 | £2k |
| THE CMA WELFARE TRUST | 1 | £2k |