HUMAN HEALTH AND WELFARE FOUNDATION
(a) The relief of sickness and the preservation of health among individuals in need residing in third worldcountries.(b) The prevention or relief of poverty of people living in the third world.(c) The prevention or relief of financial hardship in the third world by providing or assisting in theprovision of education facilities and all the necessary support.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £510,668, with a stated policy to hold enough funds to meet operating costs. The charity reported a net incoming resource of £51,848 for the year, driven by voluntary income and investment returns, while expenditure remained low at £692.
What the accounts disclose
“Their policy is continues to be that enough funds should be held to meet operating costs of the "Human Health and Welfare Foundation".”
“The charity entered into an investment agreement with a company that is connected to certain trustees of the charity. During the year, the charity advanced £505,000 to the company under a fixed-term investment agreement for a period of five years. The investment carries a fixed commercial return of 6% per annum, calculated annually and payable annually. The return on the investment is not guaranteed and is subject to the company remaining solvent and compliant with applicable company law. At the reporting date, the amount outstanding in respect of the investment was £505,000 (prior year: £Nil). Accrued interest income of £5,550 was recognised at the year end in respect of investment income earned but not yet received. The trustees confirm that the investment was entered into on arm’s length terms and in the best interests of the charity.” — page 15
Trustees
- Ishak Musa Jarmanchair
- Adam Musa Jarman
- Asif Sabbir Matadar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £692 |
| 31/12/2023 | £318k | £2k |
| 31/12/2022 | £85k | £11k |
| 31/12/2021 | £53k | £6k |
| 31/12/2020 | £27k | £5k |
Common questions
Is HUMAN HEALTH AND WELFARE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £510,668, with a stated policy to hold enough funds to meet operating costs. The charity reported a net incoming resource of £51,848 for the year, driven by voluntary income and investment returns, while expenditure remained low at £692. Its FY2024 accounts were independently examined.