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AREA 51 EDUCATION

Registered charity 1139447 · accounts filings on the Charity Commission register

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Latest income
£2.3m
Latest spending
£2.4m
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit of £49,685 for the year ended 31 July 2024, a significant improvement from the prior year's deficit of £145,977. Unrestricted reserves decreased to £428,460, while the trustees note that the financial position remains challenging and is dependent on addressing management capacity issues to improve finances. The trustees and auditors confirm that the charity has sufficient resources to continue as a going concern for the foreseeable future.

What the accounts disclose

Highest-paid employee band: £60,000 - £69,999 — below the median for charities its size (£70k)
“The earnings of 1 member of staff, including benefits in kind, are within the range of £60,000 to £69,999 (2023: NIL).” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The earnings of 1 member of staff, including benefits in kind, are within the range of £60,000 to £69,999 (2023: NIL).” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: sufficient to secure funding for suitable, long term premises when these can be found (held: £428k)
“The Trustees have established a policy to maintain reserves at a level sufficient to secure funding for suitable, long term premises when these can be found.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Dickinsons Chartered Accountants. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£2.4m
Total spending
£2.4m
Reserves (reported)
£354k
Employees
62

Reported reserves equal ~1.8 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: Barnet · Camden · Enfield · Hackney · Haringey · Islington · Kensington And Chelsea · Redbridge · Waltham Forest

Income and spending

Financial year endIncomeSpending
31/07/2025£2.3m£2.4m
31/07/2024£2.1m£2.2m
31/07/2023£2.1m£2.2m
31/07/2022£2.1m£2.1m
31/07/2021£1.9m£1.9m

Common questions

Is AREA 51 EDUCATION financially healthy?

The accounts state that the charity reported a deficit of £49,685 for the year ended 31 July 2024, a significant improvement from the prior year's deficit of £145,977. Unrestricted reserves decreased to £428,460, while the trustees note that the financial position remains challenging and is dependent on addressing management capacity issues to improve finances. The trustees and auditors confirm that the charity has sufficient resources to continue as a going concern for the foreseeable future. Its FY2024 accounts were audited by Dickinsons Chartered Accountants.

What does the highest-paid employee of AREA 51 EDUCATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,000 - £69,999 band, and 1 employees earned over £60,000.