CHALLENGEAID
ChallengeAid promotes health and fitness throughout the UK by motivating groups and individuals to undertake physical challenges and raise money through sponsored activity and exercise. We are active in the slums of Kenya & Tanzania, where we create Schools of Hope, offering an alternative or complimentary education for aspirational young slum dwellers, as well as adult literacy courses.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing of resources for the period, resulting in a decrease in fund balances from £3,843 to £3,226. The charity holds no free/unrestricted reserves beyond its current cash position and carries a short-term creditor balance of £6,000. The independent examiner confirmed that no material matters came to attention that would cause concern regarding the accounts or accounting records.
What the accounts disclose
Corporate structure
- Registered company of the charity Companies House 05318179
Company officers (Companies House)
- RYAN, Martyn on trustee list
- THOMAS, Gwenllian Eluned Knoyle on trustee list
- ELLIS, Mark on trustee list
- COX, Julian Aurel Christopher on trustee list
- HUNT, Ian Michael on trustee list
- BYWATER, Russell John on trustee list
- THOMAS, Iestyn Owen
Trustees
- GWENLLIAN Thomas
- IAN MICHAEL HUNT
- Julian Cox
- MARK ELLIS
- Martyn Ryan
- RUSSELL JOHN BYWATER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £126k | £126k |
| 31/03/2024 | £133k | £160k |
| 31/03/2023 | £133k | £124k |
| 31/03/2022 | £105k | £42k |
| 31/03/2021 | £109k | £109k |
Common questions
Is CHALLENGEAID financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net outgoing of resources for the period, resulting in a decrease in fund balances from £3,843 to £3,226. The charity holds no free/unrestricted reserves beyond its current cash position and carries a short-term creditor balance of £6,000. The independent examiner confirmed that no material matters came to attention that would cause concern regarding the accounts or accounting records. Its FY2024 accounts were independently examined.
Who funds CHALLENGEAID?
Funders whose own accounts filings name CHALLENGEAID as a grant recipient include EDUCATIONAL OPPORTUNITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| EDUCATIONAL OPPORTUNITY FOUNDATION | FY2022 | £19k | International |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £2.9m |
| Frontline AIDS | 1 | £943k |
| THE TOLKIEN TRUST | 1 | £420k |
| PEGASUS | 1 | £400k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £195k |
| EDUCATE A CHILD - INTERNATIONAL | 1 | £70k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £33k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £20k |
Charities like this
- EDUCAID SIERRA LEONE
- Challenge Ministries UK
- ACTIONAID
- MEDICAL AND EDUCATIONAL AID TO KENYA
- REAL AID
- GAMES AID
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHALLENGEAID | £126k | — | 0 | unclear | — | no doubt |
| EDUCAID SIERRA LEONE | £2.0m | £70,001 - £80,000 | 2 | above | 5.0% | no doubt |
| Challenge Ministries UK | £544k | — | 0 | above | — | no doubt |
| ACTIONAID | £47.6m | — | — | unclear | — | no doubt |
| MEDICAL AND EDUCATIONAL AID TO KENYA | £97k | — | 0 | above | — | no doubt |
| REAL AID | £351k | — | 0 | below | — | noted |