Sahamiye Foundation
Financial health, per its FY2024 accounts
The accounts state that the charity reported net outgoings of £176,333 for the year ended 31 December 2024, resulting in unrestricted funds decreasing from £501,982 to £325,649. The trustees note that the charity does not need to hold reserves as the main donor provides funding when required. The financial statements were prepared under the going concern basis, with trustees expressing reasonable expectation of adequate resources for the foreseeable future.
What the accounts disclose
“The charity's reserves (excluding amounts held within fixed assets) were £(11,245) at 31 December 2024. The Trustees feel that the charity does not need to hold reserves as the main donor currently provides funding when required.” — page 5
“During the period ended 31 December 2024 donations totalling £161,865 ( 2023: £336,307) were received from Ismail Ahmed, a trustee of the Charity.” — page 13
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "below" (FY2024).
Corporate structure
- Registered company of the charity Companies House 12192130
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Dr Ismail Ibrahim Ahmedchair
- Hayat Arteh
- Shibani Kaushik
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £162k | £338k |
| 31/12/2023 | £336k | £455k |
| 31/12/2022 | £975k | £748k |
| 31/12/2021 | £458k | £150k |
| 31/12/2020 | £537k | £291k |
Common questions
Is Sahamiye Foundation financially healthy?
The accounts state that the charity reported net outgoings of £176,333 for the year ended 31 December 2024, resulting in unrestricted funds decreasing from £501,982 to £325,649. The trustees note that the charity does not need to hold reserves as the main donor provides funding when required. The financial statements were prepared under the going concern basis, with trustees expressing reasonable expectation of adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.