CYAN INTERNATIONAL
Financial health, per its FY2024 accounts
The accounts state that the charity had unrestricted reserves of £129,885 at year-end, which represented approximately seven months of budgeted expenditure, sitting within the trustees' stated policy target of six to twelve months. However, the trustees decided to close the charity post-year-end, with funds to be distributed to a sister charity, indicating a cessation of operations rather than ongoing financial health.
What the accounts disclose
“The Board has agreed a policy of normally holding between six and twelve months of budgeted expenditure as free reserves” — page 8
“I draw attention to the disclosures in the trustees’ annual report and note 1i of the financial statements that post year end the trustees decided to close the charity. The financial statements have been prepared on a going concern basis, as the assessment of the trustees is that a breakup basis would not result in any material change to the financial statements.” — page 10
“The sole funding source was BMS World Mission.” — page 8
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Trustees
- Alexander William Vickerschair
- ANDREW MCCULLIE JOHNSON
- David Cooper
- Kevin Hugh Jones
- Linda Darby
- Valerie Ann Stevens
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £164k | £147k |
| 31/12/2023 | £182k | £174k |
| 31/12/2022 | £255k | £238k |
| 31/12/2021 | £246k | £265k |
| 31/12/2020 | £265k | £246k |
Common questions
Is CYAN INTERNATIONAL financially healthy?
The accounts state that the charity had unrestricted reserves of £129,885 at year-end, which represented approximately seven months of budgeted expenditure, sitting within the trustees' stated policy target of six to twelve months. However, the trustees decided to close the charity post-year-end, with funds to be distributed to a sister charity, indicating a cessation of operations rather than ongoing financial health. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| START NETWORK | 1 | £919k |
| PLAN INTERNATIONAL UK | 1 | £103k |
| THE BLOOM FOUNDATION | 1 | £58k |
| THE CORCORAN FOUNDATION | 1 | £9k |
| THE OAKDALE TRUST | 1 | £2k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ALL SAINTS, MARGARET STREET, LONDON W1 | 1 | £2k |
| THE COMMUNITY OF THE RESURRECTION | 1 | £1k |
| ANSON CHARITABLE TRUST | 1 | £1k |