OMNOM GROUP LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £37,650 for the year, resulting in a decrease in total unrestricted funds from £254,201 to £216,551. The trustees note that free reserves fell short of the policy requirement of three months' budgeted expenditure but confirm adequate resources exist to continue operations without material uncertainty.
What the accounts disclose
“At the year end, the free reserves fell short of the three months operating costs and the trustees will ensure these reserves are increased to meet the policy requirement.”
“In the year, the charitable company received donations of £75,000 (2023: £110,000) from it's parent company, Avanti Foundation Limited. There were no other related party transactions for the year ended 31 August 2024.” — page 18
Structured financials (annual return, FY ending 31/08/2022)
Trustees
- Yuvraj Ranachair
- Henna Limbachia
- Jaanki Shingdia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | £222k | £259k |
| 31/08/2023 | £254k | £254k |
| 31/08/2022 | £521k | £555k |
| 31/08/2021 | £290k | £330k |
Common questions
Is OMNOM GROUP LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £37,650 for the year, resulting in a decrease in total unrestricted funds from £254,201 to £216,551. The trustees note that free reserves fell short of the policy requirement of three months' budgeted expenditure but confirm adequate resources exist to continue operations without material uncertainty. Its FY2024 accounts were independently examined.