The Trust Foundation
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £685,969 for the year ended 31 December 2023, resulting in unrestricted reserves decreasing to £4,632,275 from £5,318,244 in the prior year. The trustees confirm that assets are adequate to fulfil obligations and that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Adam Awan
- Nasir Awan
- Shiraz Omar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.0m | £3.0m |
| 31/12/2023 | £2.4m | £3.1m |
| 31/12/2022 | £3.0m | £3.8m |
| 31/12/2021 | £2.7m | £1.2m |
| 31/12/2020 | £7k | £900k |
Common questions
Is The Trust Foundation financially healthy?
The accounts state that the charity reported a net deficit of £685,969 for the year ended 31 December 2023, resulting in unrestricted reserves decreasing to £4,632,275 from £5,318,244 in the prior year. The trustees confirm that assets are adequate to fulfil obligations and that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were audited by Sumer Auditco Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| REIFER MEMORIAL LIMITED | 1 | £55k |
| THE GURU NANAK NISHKAM SEWAK JATHA (BIRMINGHAM) UK | 1 | £13k |
| COMMUNITY COUNCIL OF DEVON | 1 | £3k |