THE DOOA FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £152,021 for the year ended 31 March 2024, driven by a 20% increase in donations to £156,712. Per the trustees' report, unrestricted reserves have grown to £1,284,707, with the trustees noting they are building up reserves to ensure future financial stability while formalising a reserves policy in due course.
What the accounts disclose
“During the year, the charity received a donation of £6,712 from Dooa Bromley Limited, the charity's 100% owned subsidiary and made net payments of £7,743 on its behalf. At the balance sheet date, £828,854 (2023: £814,399) was owed to the charity by Dooa Bromley Limited, which is unsecured, interest free and repayable on demand. During the year, the charity received donations of £150,000 (2023: £72,000) from entities connected to the trustees.” — page 17
“The subsidiary company Dooa Bromley Limited, which was incorporated in the previous year, holds an investment property and generates rental income.” — page 6
Structured financials (annual return, FY ending 31/03/2021)
Trustees
- Jasvinder Singhchair
- RANBIR SINGH ATTWAL
- Ravinderpal Singh Dooa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £167k | £18k |
| 31/03/2024 | £157k | £5k |
| 31/03/2023 | £72k | £5k |
| 31/03/2022 | £171k | £3k |
| 31/03/2021 | £900k | £3k |
Common questions
Is THE DOOA FOUNDATION financially healthy?
The accounts state that the charity reported a net surplus of £152,021 for the year ended 31 March 2024, driven by a 20% increase in donations to £156,712. Per the trustees' report, unrestricted reserves have grown to £1,284,707, with the trustees noting they are building up reserves to ensure future financial stability while formalising a reserves policy in due course. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAWAT-E-HADIYAH TRUST (UNITED KINGDOM) | 1 | £21.1m |
| HOLMFIELD CHARITABLE TRUST | 1 | £202k |
| CML - CHEVRAS MO'OZ LADOL | 1 | £21k |
| THE HOLDEN CHARITABLE TRUST | 1 | £13k |
| EZRAS YOEL | 1 | £10k |
| SHAAREI RACHAMIM LIMITED | 1 | £9k |
| TRUEDENE CO LIMITED | 1 | £5k |