Charity Accounts Intelreading the accounts so you don’t have to

PROJECT 34

Registered charity 1079475 · accounts filings on the Charity Commission register

PROVISION OF ACCCOMMODATION, CARE AND SUPPORT FOR THE HOMELESS

Causes: Accommodation/housing · Get email alerts

Latest income
£713k
Latest spending
£662k
Registered
2000
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total incoming resources rose by 8% to £713,114, resulting in a net surplus of £51,013 for the year. Per the trustees' report, unrestricted reserves stood at £375,622, which the trustees consider adequate to maintain an 'adequate safety margin' and support future development opportunities without public appeals.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: an adequate safety margin and that will enable it to consider running other hostels as and when the opportunity arises (held: £376k)
“It is the policy of the Project that unrestricted funds which have not been designated for a specific use should be maintained at a level to give it an adequate safety margin and that will enable it to consider running other hostels as and when the opportunity arises.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/10/2024)

Total income
£713k
Total spending
£662k
Reserves (reported)
£376k
Employees
11

Reported reserves equal ~6.8 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Trustees · trustee networks

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

Operates in: Salford City

Income and spending

Financial year endIncomeSpending
31/10/2024£713k£662k
31/10/2023£662k£616k
31/10/2022£588k£597k
31/10/2021£593k£539k
31/10/2020£570k£586k

Common questions

Is PROJECT 34 financially healthy?

Per its FY2024 accounts: The accounts state that total incoming resources rose by 8% to £713,114, resulting in a net surplus of £51,013 for the year. Per the trustees' report, unrestricted reserves stood at £375,622, which the trustees consider adequate to maintain an 'adequate safety margin' and support future development opportunities without public appeals. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE LIZ AND TERRY BRAMALL FOUNDATION1£140k
THE THOMAS BRINGTON FOUNDATION1£6k
DAVID LISTER CHARITABLE TRUST1£3k
THE A M FENTON TRUST1£3k
MARKET HARBOROUGH BUILDING SOCIETY CHARITABLE FOUNDATION1£2k
THE PAROCHIAL CHURCH COUNCIL OF HARNHAM ST GEORGE AND ALL SAINTS1£1k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF VERWOOD1£840
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST FRANCIS, SALISBURY1£275

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with MENS ACCOMMODATION AND SUPPORT.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
PROJECT 34£713k—0above—no doubt
MENS ACCOMMODATION AND SUPPORT FY2025£1.1m—0unclear—no doubt
ACCOMMODATION CONCERN FY2025£1.5m£60,001 - £70,0001unclear—no doubt
PETRUS COMMUNITY FY2025£2.7m—0above—no doubt
HARROGATE HOMELESS PROJECT LTD FY2025£1.2m—0unclear—no doubt
TRINITY HOMELESS PROJECTS FY2025£5.9m£70,001 - £80,0002unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.