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

SKY BLUES IN THE COMMUNITY

Registered charity 1127014 · accounts filings on the Charity Commission register

Get email alerts for this charity

Latest income
£1.9m
Latest spending
£1.8m
Registered
2008
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity generated a surplus of £168,257 for the year ended 31 December 2022, with unrestricted reserves increasing to £617,977. Per the trustees' report, the charity maintains a reserves policy target of six months' staff costs, which it considers sufficient to continue activities in the event of a significant drop in income. The auditors confirmed that there are no material uncertainties relating to the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: six months staff costs (held: £618k)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months staff costs” — page 7
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Flint & Thompson. Discloses 4 of 6 completeness components.

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

Total income
£1.9m
Total spending
£1.8m
Reserves (reported)
£718k
Employees
70

Reported reserves equal ~4.8 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Coventry City · Warwickshire

Income and spending

Financial year endIncomeSpending
31/12/2024£1.9m£1.8m
31/12/2023£1.6m£1.5m
31/12/2022£1.5m£1.3m
31/12/2021£1000k£945k
31/12/2020£744k£615k

Common questions

Is SKY BLUES IN THE COMMUNITY financially healthy?

The accounts state that the charity generated a surplus of £168,257 for the year ended 31 December 2022, with unrestricted reserves increasing to £617,977. Per the trustees' report, the charity maintains a reserves policy target of six months' staff costs, which it considers sufficient to continue activities in the event of a significant drop in income. The auditors confirmed that there are no material uncertainties relating to the charity's ability to continue as a going concern. Its FY2022 accounts were audited by Flint & Thompson.