British Asian Trust tripled its income last year

The charity, which relieves poverty in south Asia, had an income of £6.3m in the year ending 31 March 2017

British Asian Trust website
British Asian Trust website

The British Asian Trust almost tripled its income to £6.3m last year.

The trust's accounts for the financial year ending 31 March 2017 show that it generated income of £6.3m, compared with £2.3m the previous year.

The charity, which employs 17 staff, was founded by Prince Charles and members of the British Asian business community in 2007 to relieve poverty in south Asia.

Richard Hawkes, former chief executive of the disability charity Scope, became the trust's first chief executive in 2015.

A spokeswoman attributed the rapid growth in income mainly to the success of the trust’s first major public fundraising appeal, Give a Girl a Future, which raised almost £4m and received an additional £3.35m in matched funding from the Department for International Development for a women's economic empowerment project in Pakistan. DfID awarded the sum over three years, so not all of its funding is included in this year's accounts.

The charity's annual royal dinner raised £850,000. It also benefited from the support of new ambassadors, including the celebrity chef Cyrus Todiwala.

The accounts show that one member of staff was paid between £130,000 and £139,999 during the year.

The document adds: "Our objectives for this year include deepening our programmes, focusing our fundraising and embedding organisational systems."

A trust spokeswoman said: "As we enter our 10th year, the growth of the trust and our programmes will continue at pace, enabling us to continue making a difference for an increasing number of people across south Asia."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners