EG FOUNDATION
EG Foundation has a vision to operate and enter into a partnership with other likeminded organisations who can deliver on our vision to improve on education, children and young people, health and wellbeing.
Objects
TO PROMOTE SUCH PURPOSES IN ANY PART OF THE UNITED KINGDOM OR THE WORLD AS THE CHARITY TRUSTEES MAY FROM TIME TO TIME THINK FIT AND WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,632,117 against total income of £28,994 for the year ended 31 December 2024. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the trustees are currently reviewing the reserves policy, so no specific target is stated.
What the accounts disclose
“A donation of £Nil (2023: £1,409,665) has been received from a company of which two of the Trustees are directors.” — page 14
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- ILYAS MUNSHI
- Imraan Musa Patel
- MOHSIN ISSA
- ZUBER VALI ISSA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £29k | £8k |
| 31/12/2023 | £1.4m | £69k |
| 31/12/2022 | £391k | £212k |
| 31/12/2021 | £303k | £219k |
| 31/12/2020 | £19k | £10k |
Common questions
Is EG FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,632,117 against total income of £28,994 for the year ended 31 December 2024. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the trustees are currently reviewing the reserves policy, so no specific target is stated. Its FY2024 accounts were independently examined.