FIVE CHILDREN AND FAMILIES TRUST LTD
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £36,549 for the year ended 31 March 2023, resulting in total funds decreasing from £427,843 to £391,294. The trustees' report notes that the charity's reserves policy target of three months' expenditure is currently 'realistically unobtainable', although unrestricted reserves stood at £189,998. The auditor confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“At present this level of reserves is realistically unobtainable but the trustees are looking at ways of increasing its incoming resources that would enable unrestricted reserves to be built up over a period of time.” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- PAUL ROBERT BOSTOCKchair
- Mark William Ord
- Patricia Marion Freeman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.3m | £1.8m |
| 31/03/2024 | £1.8m | £1.7m |
| 31/03/2023 | £1.5m | £1.6m |
| 31/03/2022 | £1.6m | £1.5m |
| 31/03/2021 | £1.4m | £1.4m |
Common questions
Is FIVE CHILDREN AND FAMILIES TRUST LTD financially healthy?
The accounts state that the charity reported a deficit of £36,549 for the year ended 31 March 2023, resulting in total funds decreasing from £427,843 to £391,294. The trustees' report notes that the charity's reserves policy target of three months' expenditure is currently 'realistically unobtainable', although unrestricted reserves stood at £189,998. The auditor confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Mitchell Charlesworth (Audit) Limited.