THE YUSUF AND FARIDA HAMIED FOUNDATION
The charity funds/donates to laboratories and academic institutions to educate individuals about health issues or prevent sickness, primarily impacting people in the developing work. The charity operates throughout England & Wales, Spain, Lithuania & United States of America.
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves increased to £670,995 at year-end 2023, up from £310,308 in 2022, following a net surplus for the year. The trustees report that there is no formal reserves policy in place and that fixed expenses are low, with no ongoing commitments infringing on the ability to meet obligations. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“Professional fees of £20,554 (2022 - £16,056) were charged by Dixcart International Limited during the year. PA. Robertson, one of the trustees of the Foundation, is a Director of Dixcart International Limited.” — page 17
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?
Per its FY2023 accounts: The accounts state that unrestricted reserves increased to £670,995 at year-end 2023, up from £310,308 in 2022, following a net surplus for the year. The trustees report that there is no formal reserves policy in place and that fixed expenses are low, with no ongoing commitments infringing on the ability to meet obligations. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Ward Williams.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UK GIVES LTD | 1 | £35k |
| UBS UK Donor-Advised Foundation | 1 | £5k |
Charities like this
- THE HARRY & MARY FOUNDATION
- SHAHID AFRIDI FOUNDATION (UK)
- FREILICH FAMILY FOUNDATION
- WITH LOVE ALL THINGS ARE POSSIBLE
- ISSA FOUNDATION
- THE JAMEEL EDUCATION FOUNDATION UK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE YUSUF AND FARIDA HAMIED FOUNDATION | £7.3m | — | 0 | unclear | — | no doubt |
| THE HARRY & MARY FOUNDATION | £632k | — | 0 | unclear | — | no doubt |
| SHAHID AFRIDI FOUNDATION (UK) | £558k | — | 0 | unclear | — | no doubt |
| FREILICH FAMILY FOUNDATION | £347k | — | 0 | unclear | — | no doubt |
| WITH LOVE ALL THINGS ARE POSSIBLE | £149k | — | 0 | unclear | — | no doubt |
| ISSA FOUNDATION | £9.9m | — | 0 | above | — | no doubt |