COLOURFUL LIFE FOUNDATION
Latest income
£163k
Latest spending
£131k
Registered
2012
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £27,681, up from £15,914 in the prior year, following a net surplus of £11,767. The Trustees confirm adequate resources for the foreseeable future, noting that a previous funding agreement with a connected company has terminated.
What the accounts disclose
Related-party transaction: The document states the minimum funding agreement with Gemporia Limited terminated on 31 May 2022. No current related party transaction amounts are disclosed for the year ended 31 March 2024.
“The minimum funding agreement with Gemporia Limited, a company of which S C Bennett is a director, terminated on 31 May 2022.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- ANDREW MCQUILLAN
- Steve Bennett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £163k | £131k |
| 31/03/2024 | £105k | £93k |
| 31/03/2023 | £38k | £83k |
| 31/03/2022 | £107k | £102k |
| 31/03/2021 | £91k | £102k |
Common questions
Is COLOURFUL LIFE FOUNDATION financially healthy?
The accounts state that unrestricted reserves increased to £27,681, up from £15,914 in the prior year, following a net surplus of £11,767. The Trustees confirm adequate resources for the foreseeable future, noting that a previous funding agreement with a connected company has terminated. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JEREMY COLLER FOUNDATION | 1 | £230k |