REDEARTH EDUCATION
Financial health, per its FY2023 accounts
The accounts state that Redearth Education reported a net expenditure of £11,628 for the year, resulting in total unrestricted reserves of £24,762. The trustees maintain a reserves policy target of £20,000, which they calculate enables the running of the charity and necessary projects for 3-6 months. The charity holds no current liabilities and reports a healthy financial position with total current assets of £99,793.
What the accounts disclose
“It maintains a strong reserves policy of £20,000 (20% of assets). This is the current amount which trustees have calculated enables the running of both the charity and necessary projects overseas to ensure sustainability for 3-6 months.”
“£115,372 (96% of total expenditure) was provided to Redearth Uganda to support various projects overseas.”
Trustees
- Amanda Nichola Fieldingchair
- DI COSGROVE
- John Rolfe MBE
- Linda Pritchard
- Mark Robert Smith
- RON JACOB KATZLER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £116k | £122k |
| 31/12/2023 | £109k | £120k |
| 31/12/2022 | £96k | £203k |
| 31/05/2022 | £176k | £84k |
| 31/05/2021 | £79k | £89k |
Common questions
Is REDEARTH EDUCATION financially healthy?
The accounts state that Redearth Education reported a net expenditure of £11,628 for the year, resulting in total unrestricted reserves of £24,762. The trustees maintain a reserves policy target of £20,000, which they calculate enables the running of the charity and necessary projects for 3-6 months. The charity holds no current liabilities and reports a healthy financial position with total current assets of £99,793. Its FY2023 accounts were independently examined.