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.
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
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.