AWARD SOLUTIONS LTD
We provide accredited activities to young people who may not otherwise be able to acccess them. Enabling young people to gain benefit socially, economically and personally.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £11,902 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves from £22,224 to £10,322. The trustees' report notes that unrestricted reserves are currently below the stated policy target of six months' expenditure, and working capital was supported by an open loan from a trustee. Despite the deficit, the balance sheet shows positive net current assets of £13,822, and the independent examiner confirmed no material matters were identified during the examination.
What the accounts disclose
“The reserves policy is to hold unrestricted reserves equal to at least at least 6 months' expenditure.” — page 5
Register events
- Received assets from another charity (19/03/2019)
Trustees
- GILLIAN CONSTANCE SMITH
- JEAN RIDING
- MAURICE JOHN BYRNE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £78k | £90k |
| 31/12/2023 | £89k | £97k |
| 31/12/2022 | £70k | £77k |
| 31/12/2021 | £57k | £28k |
| 31/12/2020 | £45k | £30k |
Common questions
Is AWARD SOLUTIONS LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £11,902 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves from £22,224 to £10,322. The trustees' report notes that unrestricted reserves are currently below the stated policy target of six months' expenditure, and working capital was supported by an open loan from a trustee. Despite the deficit, the balance sheet shows positive net current assets of £13,822, and the independent examiner confirmed no material matters were identified during the examination. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 11/06/2020 | £4k | COVID-19 CEF |