UNITEDLIFE
Financial health, per its FY2024 accounts
The accounts state that UnitedLife achieved a net surplus of £65,612 for the year ended 31 March 2024, with total income of £311,139 against charitable expenditure of £245,527. Per the trustees' report, unrestricted reserves stood at £1,019,023, which is above the stated policy target of £100,000. The charity has no long-term investments and holds its cash reserves in money market and deposit accounts.
What the accounts disclose
“The intention of the trustees is to ensure general reserves are maintained at around £100,000 as this enables the charitable company to remain financially stable and resilient and ensure its continued successful operation, regardless of income.” — page 5
“During the year under review trustees, close relatives and key management personnel made unrestricted donations totalling £35,225 (2023 £41,502). A donation of £60,000 (2023: £60,000) was also received from the Milk and Honey Trust, of which T J Croxson is also a trustee.” — page 12
“We maintain a presence on Sutton High Street through the activities of TazZa Coffee, operated on our behalf by UnitedLife Trading” — page 4
Trustees
- Benjamin John Melian
- Sarah Louise Bartlett
- TIMOTHY JAMES CROXSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £297k | £262k |
| 31/03/2024 | £311k | £246k |
| 31/03/2023 | £228k | £183k |
| 31/03/2022 | £179k | £177k |
| 31/03/2021 | £204k | £177k |
Common questions
Is UNITEDLIFE financially healthy?
The accounts state that UnitedLife achieved a net surplus of £65,612 for the year ended 31 March 2024, with total income of £311,139 against charitable expenditure of £245,527. Per the trustees' report, unrestricted reserves stood at £1,019,023, which is above the stated policy target of £100,000. The charity has no long-term investments and holds its cash reserves in money market and deposit accounts. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LIFE CHURCH (CENTRAL ENGLAND) | 1 | £42k |
| CITY CHURCH ( CAMBRIDGE ) | 1 | £37k |
| KINGSGATE CHURCH TRUST | 1 | £30k |
| AYLSHAM COMMUNITY CHURCH | 1 | £24k |
| LANGLEY CHARITABLE TRUST | 1 | £21k |
| THE GOSHEN TRUST | 1 | £15k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WOBURN | 1 | £8k |
| LANGDALE TRUST | 1 | £4k |