FOLKESTONE NEPALESE COMMUNITY (FNC)
We work for the benefit of the Nepalese / Gurkha veterans and their families residing in Folkestone, Kent and the surrounding area by promoting education, good health, social welfare and Nepalese history & culture to tackle the poverty, sickness and distress.
Financial health, per its FY2025 accounts
The accounts state that total net assets increased to £106,108, supported by unrestricted cash reserves of £95,348. The charity operates a defined contribution pension scheme with no disclosed deficit, and the independent examiner confirmed no material matters requiring attention. The trustees maintain a designated reserve policy of £29,507 to cover approximately three to four months of essential operating costs.
What the accounts disclose
Trustees
- Suman Chandra Raichair
- Bikram Rai
- Ganesh Kumar Rai
- Jhapindra Bahadur Thapa
- Rajen Limbu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £228k | £211k |
| 31/03/2024 | £166k | £136k |
| 31/03/2023 | £70k | £42k |
| 31/03/2022 | £53k | £23k |
Common questions
Is FOLKESTONE NEPALESE COMMUNITY (FNC) financially healthy?
Per its FY2025 accounts: The accounts state that total net assets increased to £106,108, supported by unrestricted cash reserves of £95,348. The charity operates a defined contribution pension scheme with no disclosed deficit, and the independent examiner confirmed no material matters requiring attention. The trustees maintain a designated reserve policy of £29,507 to cover approximately three to four months of essential operating costs. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 05/10/2023 | £12k | Covenant Fund |
| The National Lottery Community Fund | 17/02/2023 | £10k | Folkestone Nepalese Community Centre Manager |