FREEVA
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £49,066 for the year ended 31 March 2025, resulting from planned timing differences in contract income and expenditure. Per the trustees' report, unrestricted reserves stood at £191,632, which the trustees consider sufficient to maintain financial strength and meet future obligations despite the deficit.
What the accounts disclose
“At 31st March 2025, free reserves amounted to £167,401 which is below the anticipated figure required.” — page 19
“The charity paid £51,340 (2024: £26,234) to MacMartin Limited for Marketing services, the company's directors are the daughters of Mr D J Martin who is the trustee of the charity.” — page 38
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Claudia Michelle Gwinnutt
- David John Martin
- Dr Nicole Fayard
- Glyn Christian Edwards
- Perween Warsi MBE CBE
- Sheha Ruzindana
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.2m | £2.2m |
| 31/03/2024 | £2.1m | £2.0m |
| 31/03/2023 | £2.0m | £1.9m |
| 31/03/2022 | £1.6m | £1.5m |
| 31/03/2021 | £1.2m | £984k |
Common questions
Is FREEVA financially healthy?
The accounts state that the charity reported a deficit of £49,066 for the year ended 31 March 2025, resulting from planned timing differences in contract income and expenditure. Per the trustees' report, unrestricted reserves stood at £191,632, which the trustees consider sufficient to maintain financial strength and meet future obligations despite the deficit. Its FY2025 accounts were audited by Sayer Vincent LLP.