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SCALABRINI FATHERS COMPANY

Registered charity 1141084 · accounts filings on the Charity Commission register · also known as THE SCALABRINI FATHERS

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Latest income
£1.5m
Latest spending
£660k
Registered
2011
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves stood at £12,575,675, significantly exceeding the stated policy target of maintaining a sustainable level for cashflow shortfalls and asset maintenance. The charity reported a net income of £3,514,134, driven by a £2 million donation and a property revaluation gain, resulting in a strong cash position of £2,516,613.

What the accounts disclose

Reserves policy: sustainable level (held: £12.6m)
“The policy on reserves is reviewed on a yearly basis and based on the level of income generated during each financial year. The unrestricted funds are set aside for unforeseen shortfall on cashflow and mainly for the maintenance of fixed assets which will ensure the longevity and the operation of community related activities. On the coming few years reserves are to be kept on a sustainable level due to planned projects.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations totalling £36,000 (2022: £36,000) was received in the year from Villa Scalabrini . At the balance sheet date the amount due to/from Villa Scalabrini was £Nil (2022 - £Nil).
“Donations totalling £36,000 (2022: £36,000) was received in the year from Villa Scalabrini . At the balance sheet date the amount due to/from Villa Scalabrini was £Nil (2022 - £Nil). Scalabrini Verein (A connected charity) A donation in the year of £2 million was received in the year from the above charity. . At the balance sheet date the amount due to/from Scalabrini Verein was £Nil (2022 - £Nil). There were no further related party transactions in the year.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Sterling Grove Accountants Limited. Discloses 5 of 6 completeness components.

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

Total income
£1.5m
Total spending
£660k
Cost of raising funds
£88k
Reserves (reported)
£791k
Employees
2

Reported reserves equal ~14.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Bedford · City Of Westminster · Lambeth · Luton · Milton Keynes · Northamptonshire · Slough

Income and spending

Financial year endIncomeSpending
31/12/2024£1.5m£660k
31/12/2023£2.8m£489k
31/12/2022£642k£578k
31/12/2021£683k£488k
31/12/2020£476k£368k

Common questions

Is SCALABRINI FATHERS COMPANY financially healthy?

The accounts state that unrestricted reserves stood at £12,575,675, significantly exceeding the stated policy target of maintaining a sustainable level for cashflow shortfalls and asset maintenance. The charity reported a net income of £3,514,134, driven by a £2 million donation and a property revaluation gain, resulting in a strong cash position of £2,516,613. Its FY2023 accounts were audited by Sterling Grove Accountants Limited.