Genesis Foundation
Latest income
£351k
Latest spending
£365k
Registered
2001
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a surplus of £19,785 for the year, with unrestricted reserves of £4,559 at year-end. The trustees note that free reserves fall short of their desired level of £15,000, but confirm the charity is a going concern due to the founder's commitment to cover liabilities.
What the accounts disclose
Employees paid over £60,000: 1
“Total remuneration of key management during the year, including gross salary, payment for overtime, taxable benefits, social security and employer pension contributions was £99,088 (2023: £83,333), with gross salary within the banding £80,001 - £90,000 (2023: on employee in £70,001 - £80,000).” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“The free reserves fall short of the desired level.” — page 27
Per its FY2024 accounts as filed with the Charity Commission.
Funders the charity credits
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £351k | £365k |
| 31/12/2024 | £285k | £266k |
| 31/12/2023 | £292k | £306k |
| 31/12/2022 | £416k | £425k |
| 31/12/2021 | £414k | £403k |
Common questions
Is Genesis Foundation financially healthy?
The accounts state that the charity incurred a surplus of £19,785 for the year, with unrestricted reserves of £4,559 at year-end. The trustees note that free reserves fall short of their desired level of £15,000, but confirm the charity is a going concern due to the founder's commitment to cover liabilities. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |