PROMISE DREAMS
Helping to make dreams come true for seriously and terminally ill children and their families.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £254,130 at the end of the year, with a stated policy to maintain capital adequacy allocated in reserves. The charity reported a net income of £27,363 for the year, funded by voluntary income and charitable activities, while operating with a small staff team and no trustee remuneration.
What the accounts disclose
“The board's policy is to have capital adequacy allocated in reserves.” — page 7
Register events
- Received assets from another charity (07/10/2022)
Trustees
- JOHN DONOVAN
- John Joseph William Donnelly
- STEPHEN CHARLES WALKER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £237k | £209k |
| 31/12/2023 | £220k | £242k |
| 31/12/2022 | £202k | £131k |
| 31/12/2021 | £208k | £117k |
| 31/12/2020 | £104k | £104k |
Common questions
Is PROMISE DREAMS financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £254,130 at the end of the year, with a stated policy to maintain capital adequacy allocated in reserves. The charity reported a net income of £27,363 for the year, funded by voluntary income and charitable activities, while operating with a small staff team and no trustee remuneration. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PENNIES FOUNDATION | 2 | £376k |
| THE JOHN R. MURRAY CHARITABLE TRUST | 2 | £10k |
| THE SIR JAMES ROLL CHARITABLE TRUST | 2 | £4k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER, FORMBY | 1 | — |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £1.1m |
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £500k |
| THE HEALTH FOUNDATION | 1 | £400k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £170k |
Charities like this
- DREAM MAKERS
- FUTURE DREAMS TRUST LIMITED
- DREAMS COME TRUE CHARITY
- DOWNRIGHT EXCELLENT
- ACHIEVED DREAMS
- OUR KIDS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PROMISE DREAMS | £237k | — | 0 | unclear | — | no doubt |
| DREAM MAKERS | £129k | — | 0 | above | — | no doubt |
| FUTURE DREAMS TRUST LIMITED | £2.1m | — | — | within | — | no doubt |
| DREAMS COME TRUE CHARITY | £1.3m | — | 0 | unclear | — | no doubt |
| DOWNRIGHT EXCELLENT | £224k | — | 0 | below | — | no doubt |
| ACHIEVED DREAMS | £126k | — | 0 | unclear | — | no doubt |