The Financial Position

One of HEAL’s main objectives is to be able to meet our commitment to the children in the village to look after them until they are in a position to support themselves. This means that we have an obligation to generate sufficient reserves to meet the funding requirements needed to sustain the village and look after the welfare of the children. Our aim is to hold a minimum of four years running costs in reserve to cover this and safeguard the future of the village and the children in our care.

The annual expenditure for the upkeep of the village is around £28,000, but as the number of children rises, and their needs grow, the related expenditure required to maintain the village and meet their increased needs also grows. We need to continue actively raising further funds to be in a position to meet our obligations.

In addition to expenditure on the village, Heal is also helping to meet the funding costs of the Vivikenanda school in Hyderabad, which is our latest project.
Our financial accounts can be seen on the Charity Commission’s website at www.charitycommission.gov.uk

These accounts show the very small amount of administrative expenses that are incurred by us as we have no offices or paid staff which supports our promise not to waste funds, so that the maximum benefit is provided for the children.