DUKES FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £208,321 for the year, resulting in unrestricted funds falling to a negative £31,039. The trustees note that the deficit largely reflects accrued grant liabilities and that additional funding has been received to ensure working capital remains sufficient. They confirm that most expenditure is variable and new commitments will only be entered into when funds are available.
What the accounts disclose
“At the year-end, free reserves (calculated as total funds less any restricted funds, amounts designated, or held as fixed assets) were negative £42,424.” — page 6
“During the period, the Charity incurred £18,800 (2024: £27,000) expenditure on behalf of a Trustee, Aatif Hassan, for attendance of another Charities fundraising events. The loan is still to be repaid.” — page 19
“During the period, £105,000 (2024: £70,000) was paid as a grant to The Federation of London Youth Club, a charity registered in England and Wales, of which a key employee of Dukes Foundation was also an employee.” — page 19
“During the period, the Charity incurred £18,800 (2024: £27,000) expenditure on behalf of a Trustee, Aatif Hassan, for attendance of another Charities fundraising events. The loan is still to be repaid.” — page 19
“During the period, £105,000 (2024: £70,000) was paid as a grant to The Federation of London Youth Club, a charity registered in England and Wales, of which a key employee of Dukes Foundation was also an employee.” — page 19
“During the period, the Charity incurred £18,800 (2024: £27,000) expenditure on behalf of a Trustee, Aatif Hassan, for attendance of another Charities fundraising events. The loan is still to be repaid.” — page 19
“During the period, £105,000 (2024: £70,000) was paid as a grant to The Federation of London Youth Club, a charity registered in England and Wales, of which a key employee of Dukes Foundation was also an employee.” — page 19
Register events
- Received assets from another charity (10/10/2023)
Trustees
- Aatif Naveed Hassanchair
- David William Goodhew
- John Edmunds Julian Norrie Giles
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £218k | £426k |
| 31/03/2024 | £62k | £136k |
| 31/03/2023 | £424k | £102k |
Common questions
Is DUKES FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure of £208,321 for the year, resulting in unrestricted funds falling to a negative £31,039. The trustees note that the deficit largely reflects accrued grant liabilities and that additional funding has been received to ensure working capital remains sufficient. They confirm that most expenditure is variable and new commitments will only be entered into when funds are available. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| CORNWALL COMMUNITY FOUNDATION | 1 | £25k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |