MERCY FOUNDATION CIO
Latest income
£111k
Latest spending
£109k
Registered
2019
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted and restricted cash funds totaling £5,491 at the end of the period, with total income of £81,321 and total expenditure of £91,414. The trustees report that reserves cover one month of running expenses and that regular donors will enable activities to continue for the foreseeable future.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“Reserves held cover 1 months running expenses”
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Shahid Hassanchair
- MAQSOOD HUSSAIN
- Mohammed Auqeel Hussain
- Rajah Mohammad Rab-Nawaz
- SAHDIA KAUSER HASSAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £111k | £109k |
| 31/03/2024 | £81k | £91k |
| 31/03/2023 | £84k | £72k |
| 31/03/2022 | £34k | £39k |
| 31/03/2021 | £10k | £9k |
Common questions
Is MERCY FOUNDATION CIO financially healthy?
The accounts state that the charity held unrestricted and restricted cash funds totaling £5,491 at the end of the period, with total income of £81,321 and total expenditure of £91,414. The trustees report that reserves cover one month of running expenses and that regular donors will enable activities to continue for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £370k |