FUNDERS IN GOOD
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £530k for the period, resulting in unrestricted reserves of £526k. This figure is reported as comfortably within the charity's stated policy target of holding reserves covering 6 to 12 months of operational costs plus grant commitments. The filing confirms a strong cash position and no material uncertainties regarding going concern.
What the accounts disclose
“our policy is to hold reserves that cover at least 6 to 12 months of operational costs, plus an additional 6 to 12 months of direct grant commitments to our charity portfolio” — page 52
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Farouk Miahchair
- Fathma Khalid
- Irfan Umarji
- SALMAN SIDDIQUI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £929k | £399k |
Common questions
Is FUNDERS IN GOOD financially healthy?
The accounts state that the charity achieved a surplus of £530k for the period, resulting in unrestricted reserves of £526k. This figure is reported as comfortably within the charity's stated policy target of holding reserves covering 6 to 12 months of operational costs plus grant commitments. The filing confirms a strong cash position and no material uncertainties regarding going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BREAKTHROUGH FOUNDATION | 1 | £2.0m |
| BRIDGE HOUSE ESTATES | 1 | £695k |
| THE SOUTH STREET GREEN ROOM FOUNDATION | 1 | £398k |
| THE INDIGO TRUST | 1 | £150k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £110k |
| WESTWAY TRUST | 1 | £5k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £4k |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | 1 | £3k |