HEAL PROJECT
The charity continues to make donations to support the Heal Project in Zambia which runs a school for 300 children up to Zambian school grade 7 and an orphanage housing about 35 children ranging from 3-15 years old.All funds donated continue to be remitted to Zambia with no UK costs other than money transfer fees. All work on fundraising and administration is done by volunteers.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £27,924 at year-end, which the Trustees consider sufficient to meet charitable objectives given the uncertainty of future donations. The charity reported a net incoming resource of £7,682 for the year, driven by a significant legacy, and holds all assets in liquid funds with no restricted funds.
What the accounts disclose
“it is still the general policy that the charity’s need for reserves is low and it is anticipated that funds held by the Charity will be promptly donated when the need arises.”
Trustees
- DAVID ERNEST JOHN AYLESchair
- JENNIFER MILDRED STURTRIDGE
- Nicholas Francis Fernyhough
- Sian-Elen Michael Fernyhough
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £51k | £44k |
| 31/12/2023 | £46k | £31k |
| 31/12/2022 | £46k | £45k |
| 31/12/2021 | £44k | £45k |
| 31/12/2020 | £45k | £43k |
Common questions
Is HEAL PROJECT financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £27,924 at year-end, which the Trustees consider sufficient to meet charitable objectives given the uncertainty of future donations. The charity reported a net incoming resource of £7,682 for the year, driven by a significant legacy, and holds all assets in liquid funds with no restricted funds. Its FY2024 accounts were independently examined.