Charity Accounts Intelreading the accounts so you don’t have to

AVICENNA FOUNDATION

Registered charity 1202193 · accounts filings on the Charity Commission register

Get email alerts for this charity

Latest income
£1.9m
Latest spending
£790k
Registered
2023
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity had a net surplus of £626,073 for the year ended 31 December 2024, resulting in total unrestricted funds of £1,754,544. The trustees report that the charity is in a healthy position due to effective cost control and consistent donation levels. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: sufficient to cover costs of managing and administering the charity for the following year (held: £1.8m)
“The funds the charity holds is to ensure that it has sufficient reserves to cover the costs of managing and administering the charity for the following year. The Trustees consider it prudent that the reserves should be sufficient for the charity's use. The Trustees have approved that all unrestricted reserves will be utilised in helping the charity achieve its objectives.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Watergates Ltd. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.9m
Total spending
£790k
Reserves (reported)
£500k
Employees
3

Reported reserves equal ~7.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£1.9m£790k
31/12/2023£940k£314k

Common questions

Is AVICENNA FOUNDATION financially healthy?

The accounts state that the charity had a net surplus of £626,073 for the year ended 31 December 2024, resulting in total unrestricted funds of £1,754,544. The trustees report that the charity is in a healthy position due to effective cost control and consistent donation levels. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Watergates Ltd.