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CIRCLES NETWORK

Registered charity 1043601 · accounts filings on the Charity Commission register · also registered in Scotland as SC038068 (OSCR)

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Latest income
£3.0m
Latest spending
£2.8m
Registered
1995
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a surplus of £211,850 for the year, with total unrestricted reserves of £1,845,484. This reserve level is explicitly stated to match six months of running costs for the central work of the organization, indicating a strong financial position relative to its own policy target. Per the trustees' report, the organization continues to face challenges regarding recruitment and funding uncertainty, but maintains adequate liquid assets to support ongoing operations.

What the accounts disclose

Reserves policy: six months running costs (held: £1.8m)
“The unrestricted general funds of £1,845,484 include an amount of £250,000 built up over a number of years to match six months running costs of the central work of the organization. The balance of £1,595,484 is held to manage overall risk, a major factor being a loss or material reduction in funding.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Transactions with Life Care Charitable Trust
“During the year, transactions amounting to £Nil (2024: £Nil) were incurred on behalf of the Life Care Charitable Trust, a related party due to there being some common Trustees. This resulted in the overall position being a creditor of £94 (2024:£94), which is included within other creditors.” — page 150
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by FWC Advisory Ltd. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Circles Network (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.0m
Total spending
£2.8m
Reserves (reported)
£2.1m
Employees
111

Reported reserves equal ~8.9 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland

Income and spending

Financial year endIncomeSpending
31/03/2025£3.0m£2.8m
31/03/2024£3.1m£2.8m
31/03/2023£2.7m£2.4m
31/03/2022£2.6m£2.2m
31/03/2021£1.8m£1.7m

Common questions

Is CIRCLES NETWORK financially healthy?

The accounts state that the charity generated a surplus of £211,850 for the year, with total unrestricted reserves of £1,845,484. This reserve level is explicitly stated to match six months of running costs for the central work of the organization, indicating a strong financial position relative to its own policy target. Per the trustees' report, the organization continues to face challenges regarding recruitment and funding uncertainty, but maintains adequate liquid assets to support ongoing operations. Its FY2025 accounts were audited by FWC Advisory Ltd.