SHAHCIRCLE FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity's total unrestricted funds stood at £5,097,562, representing a net movement of £14,639 for the year. The trustees confirm that adequate resources are available to continue in operational existence, noting verbal commitments from a founding trustee to fund future needs if required. The charity's reserves policy is to set aside funds for special purposes or as reserves against future expenditure, with the trustees satisfied that sufficient reserves are maintained given the discretionary nature of grant activity.
What the accounts disclose
“The Charity's policy is to set aside funds for special purposes or as reserves against future expenditure.” — page 6
“Donations from trustees and other related parties during the year amounted to £nil (2024: £4,962,625). No conditions were placed on these donations.” — page 14
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Deep Shahchair
- Roy Chung Chor Fu
- Trishna Shah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £242k | £228k |
| 31/03/2024 | £5.1m | £16k |
Common questions
Is SHAHCIRCLE FOUNDATION financially healthy?
The accounts state that the charity's total unrestricted funds stood at £5,097,562, representing a net movement of £14,639 for the year. The trustees confirm that adequate resources are available to continue in operational existence, noting verbal commitments from a founding trustee to fund future needs if required. The charity's reserves policy is to set aside funds for special purposes or as reserves against future expenditure, with the trustees satisfied that sufficient reserves are maintained given the discretionary nature of grant activity. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| REIFER MEMORIAL LIMITED | 1 | £55k |