KRIZEVAC PROJECT
Financing the establishment of a cross and stations on mountains The building of churches, community buildings & schools in the proximity of each mountain The establishment of small businesses for the benefit of local communities in the areas around each mountain Promotion of any movement to alleviate endemic povertyPromotion of re-use, re-cycling and up-cycling of waste materials.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased significantly to £14.66 million, driven by the donation of trading subsidiaries valued at £11.8 million. The trustees report that these reserves meet their stated policy target of maintaining six months' core expenditure. The charity generated a net surplus of £11.02 million for the year, with total income rising to £14.31 million largely due to non-cash asset donations.
What the accounts disclose
“Trustees aim to maintain six months’ core expenditure; current reserves meet this requirement.” — page 7
“On 31 December 2024, A J Smith, Miss J M Smith and V K Owen donated all of their shares in Krizevac Ltd. for a value of £11,819,598.”
“In the previous year on 15 July 2023, A J Smith donated his family home to The Krizevac Project, the property had a value of £1,250,000.” — page 28
“On 31 December 2024, A J Smith, Miss J M Smith and V K Owen donated all of their shares in Krizevac Ltd. for a value of £11,819,598.”
“In the previous year on 15 July 2023, A J Smith donated his family home to The Krizevac Project, the property had a value of £1,250,000.” — page 28
“On 31 December 2024, A J Smith, Miss J M Smith and V K Owen donated all of their shares in Krizevac Ltd. for a value of £11,819,598.”
“In the previous year on 15 July 2023, A J Smith donated his family home to The Krizevac Project, the property had a value of £1,250,000.” — page 28
Leadership, per the charity’s website
- Tony Smith — Founder
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- David Haworth
- VINCENT KENNETH OWEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £14.3m | £3.3m |
| 31/12/2023 | £4.7m | £2.1m |
| 31/12/2022 | £1.9m | £1.6m |
| 31/12/2021 | £1.3m | £1.6m |
| 31/12/2020 | £1.8m | £2.7m |
Common questions
Is KRIZEVAC PROJECT financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased significantly to £14.66 million, driven by the donation of trading subsidiaries valued at £11.8 million. The trustees report that these reserves meet their stated policy target of maintaining six months' core expenditure. The charity generated a net surplus of £11.02 million for the year, with total income rising to £14.31 million largely due to non-cash asset donations. Its FY2024 accounts were audited by Price Pearson.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NATIONWIDE FOUNDATION | 1 | £1.9m |
| TRUST FOR LONDON | 1 | £124k |
| THE WESTMINSTER FOUNDATION | 1 | £94k |
| THE ALLEN OVERY SHEARMAN STERLING FOUNDATION | 1 | £50k |
| LLOYDS BANK FOUNDATION FOR ENGLAND & WALES | 1 | £50k |
| WESTMINSTER AMALGAMATED CHARITY | 1 | £34k |
| THE A B CHARITABLE TRUST | 1 | £22k |
| THE ACCESS TO JUSTICE FOUNDATION | 1 | £5k |
Charities like this
- CITY PRAISE CENTRE CIO
- THE CELESTIAL CHURCH OF CHRIST SALVATION ARK PARISH
- THE ZACCHAEUS 2000 TRUST
- NEWMARKET COMMUNITY CHURCH
- THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE
- THE GENERAL ASSEMBLY OF THE TRUE JESUS CHURCH, UNITED KINGDOM
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| KRIZEVAC PROJECT | £14.3m | — | 0 | above | — | no doubt |
| CITY PRAISE CENTRE CIO | £763k | — | 0 | unclear | — | no doubt |
| THE CELESTIAL CHURCH OF CHRIST SALVATION ARK PARISH | £242k | — | 0 | unclear | — | no doubt |
| THE ZACCHAEUS 2000 TRUST | £1.0m | £70,001 - £80,000 | 1 | within | — | no doubt |
| NEWMARKET COMMUNITY CHURCH | £104k | Under £50,000 | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE | £209k | — | 0 | unclear | — | no doubt |