CHALLENGEAID
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
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?
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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £1.9m |
| Frontline AIDS | 1 | £759k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £195k |
| PEGASUS | 1 | £150k |
| THE TOLKIEN TRUST | 1 | £145k |
| EDUCATE A CHILD - INTERNATIONAL | 1 | £35k |
| THE YASS CHARITABLE TRUST | 1 | £13k |
| PLAN INTERNATIONAL UK | 1 | £11k |