THE COMINO FOUNDATION
A grant making education charity working chiefly through its Comino Centres, carefully selected beneficiaries and a programme of Seminars & Consultations.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds decreased from £2,402,515 to £1,843,714 due to a net expenditure of £558,801, driven by grant payments of £514,982 and other expenditure of £100,359 against investment income of £91,689. The trustees note that income is supplemented by utilising accumulated capital appreciation to meet ongoing financial commitments. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“Total incoming resources 91,689”
Trustees
- Deirdre Anne Halligan
- Mumtaz Bashir-Hanid JP DL Bsc
- Professor Jose Chambers MBE
- Rachel Macfarlane
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £92k | £615k |
| 05/04/2024 | £96k | £216k |
| 05/04/2023 | £93k | £968k |
| 05/04/2022 | £98k | £487k |
| 05/04/2021 | £388k | £373k |
Common questions
Is THE COMINO FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds decreased from £2,402,515 to £1,843,714 due to a net expenditure of £558,801, driven by grant payments of £514,982 and other expenditure of £100,359 against investment income of £91,689. The trustees note that income is supplemented by utilising accumulated capital appreciation to meet ongoing financial commitments. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Cresswells Accountants (UK) Limited.