Big Life Services
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing resource of £20,945 for the year ended 31 March 2025, with total income of £11,740,115 and expenditure of £11,761,060. Per the trustees' report, unrestricted funds stood at £3,070,588, though free reserves were significantly below the stated policy target of £973k. The auditor confirmed the financial statements give a true and fair view and identified no material uncertainties regarding the going concern status.
What the accounts disclose
“The current target level of reserves based on 2024/25 costs is £973k and the actual level of free reserves at 31 March 2025 was £62k (2024 - £233k).” — page 7
“During the year remuneration of £8,000 (2024: £8,000) was paid to E. Robinson, a trustee, by The Big Life Company Limited for her role as chair of The Big Life Company Limited.” — page 23
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/02/2023)
Trustees
- Caroline Pricechair
- EDNA ROBINSON
- FAY LILA SELVAN
- Humza Khan
- Michael Naraynsingh
- Obehi Alofoje
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £11.7m | £11.8m |
| 31/03/2024 | £11.1m | £10.2m |
| 31/03/2023 | £8.0m | £7.9m |
| 31/03/2022 | £7.6m | £7.5m |
| 31/03/2021 | £6.8m | £6.6m |
Common questions
Is Big Life Services financially healthy?
The accounts state that the charity reported a net outgoing resource of £20,945 for the year ended 31 March 2025, with total income of £11,740,115 and expenditure of £11,761,060. Per the trustees' report, unrestricted funds stood at £3,070,588, though free reserves were significantly below the stated policy target of £973k. The auditor confirmed the financial statements give a true and fair view and identified no material uncertainties regarding the going concern status. Its FY2025 accounts were audited by Menzies LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 24/01/2024 | £55k | "Kath Locke Community Heritage Project" |