THE HAREBELL CENTENARY FUND
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £48,652, which is below the stated policy target of £50,000 in liquid assets. The charity reported a net expenditure for the year, resulting in a decrease in total net assets from £7,976,396 to £8,176,301 (note: total net assets increased, but unrestricted income fund decreased significantly). The trustees confirm adequate assets are available to fulfill obligations.
What the accounts disclose
“The Trustees agree to a reserves policy of £50,000 in liquid assets.” — page 5
“Trustee Mrs S Williams (appointed by deed of appointment dated 6 June 2024) was a partner of Broadfield Law UK LLP in the period until 30 September 2024. Broadfield Law UK LLP charged net fees of £19,246 (2023 - £9,444) in respect of professional fees during the year. The Charity owed Broadfield Law UK LLP £7,560 (2023 - £1,408) at the balance sheet date. The Trustees are authorised by the Trust Deed to pay professional charges to Trustees engaged in a professional capacity on the instructions of the other Trustees.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Trustees
- ANGELA FOSSICK
- Louise Ann Hollins
- MICHAEL GOODBODY
- Sarah Williams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £237k | £425k |
| 31/12/2023 | £244k | £171k |
| 31/12/2022 | £229k | £264k |
| 31/12/2021 | £222k | £297k |
| 31/12/2020 | £211k | £278k |
Common questions
Is THE HAREBELL CENTENARY FUND financially healthy?
The accounts state that the charity holds unrestricted reserves of £48,652, which is below the stated policy target of £50,000 in liquid assets. The charity reported a net expenditure for the year, resulting in a decrease in total net assets from £7,976,396 to £8,176,301 (note: total net assets increased, but unrestricted income fund decreased significantly). The trustees confirm adequate assets are available to fulfill obligations. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| MENDAN LIMITED | 1 | £27k |
| SAYSER DEVELOPMENTS LTD | 1 | £21k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| S C K CHARITABLE TRUST | 1 | £11k |
| KEREN TRUST | 1 | £4k |
| Evergreen Care UK | 1 | £500 |