IDEAS PLUS
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £128,507 for the year ended 31 March 2023, resulting in total unrestricted and restricted funds of £703,796. The trustees' policy requires unrestricted funds to be maintained between 3 and 6 months of estimated annual expenditure to cover working capital requirements. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“A policy has been agreed that unrestricted funds not committed should be between 3 and 6 months of estimated annual expenditure.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Debra Salmon
- Kenneth Day
- Paul Smith
- Philip Edwards
- Timothy Page
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.1m | £1.9m |
| 31/03/2024 | £1.3m | £1.1m |
| 31/03/2023 | £1.1m | £959k |
| 31/03/2022 | £945k | £888k |
| 31/03/2021 | £890k | £843k |
Common questions
Is IDEAS PLUS financially healthy?
The accounts state that the charity reported a net income of £128,507 for the year ended 31 March 2023, resulting in total unrestricted and restricted funds of £703,796. The trustees' policy requires unrestricted funds to be maintained between 3 and 6 months of estimated annual expenditure to cover working capital requirements. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Mayor, Cuttle & Co.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 14/12/2023 | £50k | Millionaire Street 2023 12w2 |