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CANOPI FOUNDATION 1

Registered charity 1128255 · accounts filings on the Charity Commission register · also known as CAN MEZZANINE

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Latest income
£1.7m
Latest spending
£1.6m
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity recorded a net expenditure of £54,353 for the year, resulting in an unrestricted deficit of £1,170,191 at year-end. However, the trustees report that consolidated free reserves (cash or easily convertible assets) stood at £11,382,923, which is significantly above the stated policy target of £500,000. The trustees confirm adequate resources exist to continue as a going concern.

What the accounts disclose

Reserves policy: £500,000 (held: £11.4m)
“The Trustees approved a Reserves Policy in 2012 and agreed to aim to maintain consolidated free reserves of £500,000 in cash or assets that are easily converted into cash.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by BK Plus Audit Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.7m
Total spending
£1.6m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£1.7m£1.6m
31/03/2024£2.3m£2.0m
31/03/2023£2.1m£2.3m
31/03/2022£2.3m£3.2m
31/03/2021£3.1m£3.4m

Common questions

Is CANOPI FOUNDATION 1 financially healthy?

The accounts state that the charity recorded a net expenditure of £54,353 for the year, resulting in an unrestricted deficit of £1,170,191 at year-end. However, the trustees report that consolidated free reserves (cash or easily convertible assets) stood at £11,382,923, which is significantly above the stated policy target of £500,000. The trustees confirm adequate resources exist to continue as a going concern. Its FY2024 accounts were audited by BK Plus Audit Limited.