BURYILD
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £95,520 for the year ended 31 March 2023, resulting in total unrestricted funds of £1,016,082. Per the trustees' report, the charity maintains a reserves policy targeting six months of operating costs, though liquid reserves at year-end were equivalent to only two weeks of expenditure. The auditor 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
“The Board has set the long-term target of maintaining a reserves fund which represents a sum equal to the sum of (1) the amount of outstanding liabilities under the rental of our premises and other contracts and (2) at least six months of annual operating costs.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- BuryILD: Good
Register events
- Received assets from another charity (04/03/2014)
Trustees
- Ann Mary Fleming
- Carys Jones
- Edward Sidley
- Hugh Broadbent
- Phil Saxton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.7m | £1.6m |
| 31/03/2024 | £1.6m | £1.4m |
| 31/03/2023 | £1.3m | £1.2m |
| 31/03/2022 | £1.2m | £1.1m |
| 31/03/2021 | £1.2m | £1.2m |
Common questions
Is BURYILD financially healthy?
The accounts state that the charity reported a net income of £95,520 for the year ended 31 March 2023, resulting in total unrestricted funds of £1,016,082. Per the trustees' report, the charity maintains a reserves policy targeting six months of operating costs, though liquid reserves at year-end were equivalent to only two weeks of expenditure. The auditor 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 Horsfield & Smith.