Charity Accounts Intelreading the accounts so you don’t have to

KRIZEVAC PROJECT

Registered charity 1115608 · accounts filings on the Charity Commission register · also known as Krizevac Trust

Latest income
£14.3m
Latest spending
£3.3m
Registered
2006
Accounts read
FY2024

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

Reserves policy: six months' core expenditure (held: £14.7m)
“Trustees aim to maintain six months’ core expenditure; current reserves meet this requirement.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation of shares in Krizevac Ltd (controlling Mobell Communications Ltd and Paragon Projection Ltd) by A J Smith, Miss J M Smith, and V K Owen.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation of family home by A J Smith.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation of 40% shareholding in British Desiccant Drying Limited by A J Smith.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Price Pearson.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£14.3m
Total spending
£3.3m
Cost of raising funds
£12k
Reserves (reported)
£14.7m
Employees
5

Reported reserves equal ~53.4 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cameroon · Ghana · Kenya · Malawi · Nigeria · Rwanda

Income and spending

Financial year endIncomeSpending
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?

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.

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