GULAB SORKH FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £20,841 for the year ended 31 March 2024, resulting in total funds decreasing from £106,653 to £85,812. The trustees note that the charity does not currently hold its target reserves of 18-24 months of baseline operating costs and are addressing this as a matter of urgency. Despite the deficit, the trustees confirmed there are no uncertainties regarding the charity's long-term viability as a going concern.
What the accounts disclose
“This level of funding is not currently held, and Trustees are addressing this issue as a matter of urgency.” — page 5
Trustees
- Hazel Amanda Evanschair
- Alasdair James Eli Truett
- Guy Robert Batchelor
- RICHARD HALDENBY
- Simon David Milller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £154k | £149k |
| 31/03/2024 | £107k | £127k |
| 31/03/2023 | £166k | £59k |
Common questions
Is GULAB SORKH FOUNDATION financially healthy?
The accounts state that the charity reported a net deficit of £20,841 for the year ended 31 March 2024, resulting in total funds decreasing from £106,653 to £85,812. The trustees note that the charity does not currently hold its target reserves of 18-24 months of baseline operating costs and are addressing this as a matter of urgency. Despite the deficit, the trustees confirmed there are no uncertainties regarding the charity's long-term viability as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Caring Family Foundation | 1 | £793k |
| THE VARDY FOUNDATION | 1 | £656k |
| WALKING WITH THE WOUNDED | 1 | £212k |
| THE BORROWS CHARITABLE TRUST | 1 | £75k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £57k |
| SWAROVSKI FOUNDATION | 1 | £35k |
| THE PENNIES FOUNDATION | 1 | £26k |
| KUSUMA TRUST UK | 1 | £20k |