IPAS UK
Latest income
£173k
Latest spending
£166k
Registered
2023
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that Ipas UK is a newly registered charity whose initial costs were financed by Ipas US, with a net surplus of £7,175 reported for the period. The trustees note that the charity is currently dependent on Ipas US for financial management and anticipates securing its own UK bank account by the end of 2025.
What the accounts disclose
Going concern: noted by the trustees or auditor
“Ipas UK is applying for a UK bank account for financial management in the UK. When Ipas UK secures an account, Ipas US and Ipas UK will enter a service agreement, and Ipas UK will receive funds in its own account. Ipas UK anticipates securing a UK account to have localised by the end of 2025.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Ipas US financed initial costs and manages financial systems; service agreement anticipated.
“Since its registration in 2023, Ipas US supported Ipas UK with its financial management. In fiscal year 2023-2024, initial Ipas UK costs were financed by Ipas US and payments were made through the financial systems of Ipas US.” — page 7
“Total receipts - 173,246”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Ipas US provided funds totaling £173,246.
“Since its registration in 2023, Ipas US supported Ipas UK with its financial management. In fiscal year 2023-2024, initial Ipas UK costs were financed by Ipas US and payments were made through the financial systems of Ipas US.” — page 7
“Total receipts - 173,246”
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Pansi Pam Katengachair
- Heather Barclay
- Julia Hopper
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | — | — |
| 30/06/2024 | £173k | £166k |
Common questions
Is IPAS UK financially healthy?
The accounts state that Ipas UK is a newly registered charity whose initial costs were financed by Ipas US, with a net surplus of £7,175 reported for the period. The trustees note that the charity is currently dependent on Ipas US for financial management and anticipates securing its own UK bank account by the end of 2025.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FIA FOUNDATION | 1 | £7.5m |
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |