SOHBET SOCIETY
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £32,799 for the year ended 31 December 2024, with total income of £140,052 against expenditure of £107,253. Per the trustees' report, unrestricted reserves stood at £33,035, which is above the stated policy target of approximately four months of operating expenditure. The trustees confirm the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The trustees have agreed to hold reserves equivalent to approximately 4 months of operating expenditure to ensure financial stability and continuity of charitable activities.”
Trustees
- Mustafa BALCI
- Serkan Ustundag
- Temel Bagdat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £140k | £107k |
| 31/12/2023 | £89k | £80k |
Common questions
Is SOHBET SOCIETY financially healthy?
The accounts state that the charity generated a net surplus of £32,799 for the year ended 31 December 2024, with total income of £140,052 against expenditure of £107,253. Per the trustees' report, unrestricted reserves stood at £33,035, which is above the stated policy target of approximately four months of operating expenditure. The trustees confirm the charity has adequate resources to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |