THE YUSUF AND FARIDA HAMIED FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves decreased significantly from £3,252,531 to £310,308 during the year ended 31 December 2022. The trustees report that there is no formal reserves policy in place and that the Foundation has adequate resources to continue in operational existence for the foreseeable future. The financial review indicates that fixed expenses are low and sufficient donations were received to continue charitable purposes.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Yusuf Khwaja Hamiedchair
- Dr Katharina Blackmer
- Farida Hamied
- Peter Anthony Roberston
- Syed Rizvi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £7.3m | £6.3m |
| 31/12/2023 | £1.6m | £1.3m |
| 31/12/2022 | £10.0m | £13.2m |
| 31/12/2021 | £3.0m | £201k |
| 31/12/2020 | £29.2m | £28.8m |
Common questions
Is THE YUSUF AND FARIDA HAMIED FOUNDATION financially healthy?
The accounts state that unrestricted reserves decreased significantly from £3,252,531 to £310,308 during the year ended 31 December 2022. The trustees report that there is no formal reserves policy in place and that the Foundation has adequate resources to continue in operational existence for the foreseeable future. The financial review indicates that fixed expenses are low and sufficient donations were received to continue charitable purposes. Its FY2022 accounts were audited by Ward Williams.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UK GIVES LTD | 1 | £21k |