TASK BRASIL-THE ABANDONED STREET KIDS OF BRAZIL TRUST
Task Brasil acts to advance the education and well-being of impoverished children in Brazil. To offer socio-educational projects to help disadvantaged young people have better prospects in life, assistance & guidance to our ex-residents/ -beneficiaries so that they maintain continuous access to local support networks and live in harmony with their families away from the streets. Emergency relief.
Financial health, per its FY2024 accounts
The accounts state that the charity holds net liabilities on unrestricted funds, with unrestricted funds at a deficit of £63,884. However, the trustees report that reserves equivalent to three to six months of expenditure have been maintained throughout the year, supported by loans from trustees to cover operational costs.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 5
“Trustees have loaned the Charity money (as detailed in the related parties note) and have agreed to support the Charity financially and not request repayment of the loans until the Charity is in a position to be able to repay these.”
“Three of the trustees have made loans to the Charity, either in the UK or Brazil or both which are repayable when the finances of the Charity permit. The funds were used to pay the staff and to pay for general operational costs in order to keep the projects running.” — page 17
Trustees
- LIGIA FERREIRA DA SILVAchair
- Dr MoNICA Pereira DOS SANTOS
- James Rorrison
- RICHARD FINE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £95k | £47k |
| 31/12/2023 | £46k | £79k |
| 31/12/2022 | £62k | £69k |
| 31/12/2021 | £75k | £64k |
| 31/12/2020 | £57k | £75k |
Common questions
Is TASK BRASIL-THE ABANDONED STREET KIDS OF BRAZIL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds net liabilities on unrestricted funds, with unrestricted funds at a deficit of £63,884. However, the trustees report that reserves equivalent to three to six months of expenditure have been maintained throughout the year, supported by loans from trustees to cover operational costs. Its FY2024 accounts were independently examined.