HGH UNITED HANDS
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £82,422 for the year ended 31 October 2024, with unrestricted funds increasing to £86,774. The trustees confirm that assets are adequate to fulfil obligations and the charity is in a strong position to continue its activities. Reserves are reported as well above the stated policy target of three months' expenditure.
What the accounts disclose
“The Trustees have set a target of 3 months' expenditure as a prudent level of reserves.” — page 5
Trustees
- Arshad Hussainchair
- ZIA AFZAL
- Zaheer Iqbal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £106k | £23k |
| 31/10/2023 | £20k | £20k |
| 31/10/2022 | £15k | £14k |
Common questions
Is HGH UNITED HANDS financially healthy?
The accounts state that the charity generated a surplus of £82,422 for the year ended 31 October 2024, with unrestricted funds increasing to £86,774. The trustees confirm that assets are adequate to fulfil obligations and the charity is in a strong position to continue its activities. Reserves are reported as well above the stated policy target of three months' expenditure. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 2 | £51k |
| ZOUQ FOUNDATION | 1 | — |
| THE TURNER-KIRK TRUST | 1 | £33k |
| PETER SOWERBY FOUNDATION | 1 | £25k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £10k |
| RAFAH INTERNATIONAL | 1 | £7k |
| ZAIMAH | 1 | £0 |