Financial Report
Revenues and Expenditures
The Foundation’s total revenues for the year ending 31 March 2014 amounted to £4,000,907. Of this, £2,371,318 was funded by the Al-Qattan Family. Total external contributions for co-funded projects amounted to £1,500,959. The Mosaic Rooms’ revenues amounted to £58,873, and a further £69,757 came from other sources.
The Foundation’s total expenditures amounted to £4,026,903 of which £104,691 were expended on fixed assets and £3,922,212 on programmes and management expenses.
Net Assets
The balance of net assets at the end of the current year came to £3,168,742, of which £3,108,293 were restricted net assets, and £60,449 unrestricted.
The Foundation's accounts for the current year were audited by PricewaterhouseCoopers in Palestine and by Kingston Smith in the United Kingdom.
To view the Audited Financial Statments, please click here.