EQUIP
Equip is currently working with the Rwandan Ministry of Education and the Districts of Bugesera and Nyarugenge to provide good quality, affordable vocational education designed to increase the ability of young people to gain employment or start their own small businesses. Equip assists with the provision of business skills training and start-up finance for eligible young people.
Financial health, per its FY2025 accounts
The accounts state that the charity holds no reserves and ensures all financial commitments are conditional upon available funds, indicating a tight cash-flow management approach. Per the trustees' report, the charity achieved a net surplus of £3,075.86 for the year, with total receipts of £26,925.45 against payments of £23,849.59. The balance sheet shows total current assets of £14,921.92 with no liabilities, resulting in a carried forward surplus of £14,921.92.
What the accounts disclose
“The charity does not hold reserves and ensures that all financial commitments are conditional upon funds being available.” — page 6
“The charity does not hold reserves and ensures that all financial commitments are conditional upon funds being available.” — page 6
Trustees
- PAUL JOHNSON BA, NPQHchair
- Dr Martin David Hughes
- JONATHAN PAUL SWEENEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £24k |
| 31/03/2024 | £27k | £27k |
| 31/03/2023 | £26k | £30k |
| 31/03/2022 | £32k | £24k |
| 31/03/2021 | £29k | £29k |
Common questions
Is EQUIP financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds no reserves and ensures all financial commitments are conditional upon available funds, indicating a tight cash-flow management approach. Per the trustees' report, the charity achieved a net surplus of £3,075.86 for the year, with total receipts of £26,925.45 against payments of £23,849.59. The balance sheet shows total current assets of £14,921.92 with no liabilities, resulting in a carried forward surplus of £14,921.92.