GFG FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £31,471 for the year, resulting in unrestricted funds falling to a negative balance of £30,457. The trustees rely on financial support pledged by the Founder Trustees to maintain the charity as a going concern, noting that the founders have pledged to financially support the work for the foreseeable future.
What the accounts disclose
“£15,000 of donated from the Capital, £34,970 donations from the GFG Foundation Australia. £5,000 of donations from the CMT Engineering Ltd.”
Trustees
- NICOLA LORRAINE GUPTAchair
- Georgina Louise Crumpton
- SANJEEV KUMAR GUPTA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £145k | £150k |
| 31/03/2024 | £128k | £160k |
| 31/03/2023 | £135k | £158k |
| 31/03/2022 | £211k | £189k |
| 31/03/2021 | £241k | £168k |
Common questions
Is GFG FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £31,471 for the year, resulting in unrestricted funds falling to a negative balance of £30,457. The trustees rely on financial support pledged by the Founder Trustees to maintain the charity as a going concern, noting that the founders have pledged to financially support the work for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |