Finance Score: 2

Governance Score: -2

Support Score: 3

Strong growth: +2

Narrow trustee age band: -2

Gov Income
Grant maker support: +3

Overall GiG Score: 3

READ FOUNDATION

READ FOUNDATION CHANGED ITS LEGAL STRUCTURE FROM A TRUST TO A CHARITABLE COMPANY, NO:1160256. HISTORICAL INFORMATION IS AVAILABLE UNDER THE PREVIOUS CHARITY NUMBER: 1114808.READ Foundation builds purpose built schools to provide quality education for poor and rural communities. It sponsors orphans & needy children to gain the skills needed to help themselves out of poverty.

Analysis by Giving is Great

Positives:

The charity has received Government grants
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£8,481	£8,001	£480	£1,404	£4,367	£3,202	4.8	39	20
31/03/22	£7,308	£5,400	£1,908	£1,034	£3,887	£2,928	6.5	21	25
31/03/21	£5,369	£4,929	£440	£584	£1,979	£2,130	5.2	29	15
31/03/20	£4,889	£3,793	£1,096	£795	£1,539	£1,577	5	17	20
31/03/19	£3,106	£3,465	£-359	£845	£443	£-581	-2	13	30
31/03/18	£2,752	£2,432	£320	£575	£802	£683	3.4	13	0
31/03/17	£2,229	£2,518	£-289	£582	£482	£268	1.3	15	0
31/03/16	£2,301	£2,126	£175	£529	£771	£135	0.8	14	0

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Financial Ratios

Fundraising Costs/Relevant Income: 16.6%
Fundraising Costs/Total Spending: 17.5%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 30%
Liabilities/Income: 22%
Unrestricted Funds/Total Funds: 73%
Reserves/Spending: 4.8 months
Net Current Assets/Spending: 7 months
Quick Ratio: 3.2

Asset Split ?

Established: 9 years

www.readfoundation.org.uk

info@readfoundation.org.uk

01612243334

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Provides human resources
Provides services

Where it operates

Bangladesh, Lebanon, Pakistan, Turkey, Yemen,

Who it helps

The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Age Range of Trustees: 40-54

ASIF ANSARI Appointed: 2019, Occupation: Businessman

DR USMAN CHOUDRY Appointed: 2017, Occupation: Doctor

HAROON RASHID (Chair) Appointed: 2015, Occupation: Solicitor, Other trusteeships: QURANIC ARABIC FOUNDATION, IGIVE, I WAQF CHARITABLE TRUST,

RIZWAN RASHID Appointed: 2016, Occupation: Lawyer, Other trusteeships: IGIVE, I WAQF CHARITABLE TRUST,

SAEED MAHMOOD Appointed: 2021, Occupation: Accountant

SARAH SALAM Appointed: 2019, Occupation: Businessman

Legal constitution

Charitable company registered in England & Wales on 30/01/2015, number: 1160256
Registered at Companies House on 30/08/2014, number: 09195667

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

8 returns made; all on time

Main office

Read Foundation
Victoria Court
376 Wilmslow Road
MANCHESTER
M14 6AX

Objectives

1.1 FOR PUBLIC BENEFIT TO PROMOTE THE EDUCATION INCLUDING SOCIAL, MORAL AND PHYSICAL TRAINING OF PEOPLE OF ANY AGE ANYWHERE IN THE WORLD IN SUCH WAYS AS THE ORGANISATION THINKS FIT INCLUDING BUT NOT LIMITED TO BY THE ESTABLISHMENT, MAINTENANCE AND ASSISTANCE OF SCHOOLS, COLLEGES AND OTHER INSTITUTIONS;1.2 THE PREVENTION OR THE RELIEF OF POVERTY ANYWHERE IN THE WORLD BY PROVIDING GRANTS, ITEMS AND SERVICES TO THE INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY;1.3 RELIEF OF FINANCIAL NEED AND SUFFERING AMONGST VICTIMS OF NATURAL OR OTHER KINDS OF DISASTERS IN THE FORM OF MONEY OR OTHER MEANS DEEMED SUITABLE FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED, INCLUDING THE PROVISION OF MEDICAL AID.

Defined Area of Benefit:

ANYWHERE IN THE WORLD

Data Sources