THE BRADFORD FOUNDATION TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity ended the period with a net deficit of £23,593, reducing unrestricted reserves from £52,387 to £28,609. The trustees report that the financial burden increased by £35k due to limited grant access and higher demand, depleting reserves. However, they confirm adequate resources to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“The charity did not operate a reserve policy in 2022. However, it is working towards a reserve of six months operational cost and the policy will be implemented by March 2024.” — page 5
Trustees
- Dr Wali Wardak
- KHURRAM SIDDIQUE BAIG
- Sarah Khan Bashir
- Shadim Hussain
- Sofia Mahmood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £457k | £346k |
| 31/12/2023 | £192k | £162k |
| 31/12/2022 | £259k | £282k |
| 31/12/2021 | £193k | £205k |
| 31/12/2020 | £210k | £145k |
Common questions
Is THE BRADFORD FOUNDATION TRUST financially healthy?
The accounts state that the charity ended the period with a net deficit of £23,593, reducing unrestricted reserves from £52,387 to £28,609. The trustees report that the financial burden increased by £35k due to limited grant access and higher demand, depleting reserves. However, they confirm adequate resources to continue as a going concern with no material uncertainties identified. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £370k |