THE CONSTRUCTION SECTOR TRANSPARENCY INITIATIVE
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income surplus of £184,405 for the year ended 31 December 2023, with total incoming resources of £1,222,941 against resources expended of £1,038,536. Per the trustees' report, unrestricted reserves stood at £13,022, while restricted funds held £215,027. The trustees confirmed the charity has sufficient resources to meet liabilities for at least twelve months, citing approved funding from the FCDO and new agreements with other partners.
What the accounts disclose
“The balance on unrestricted funds at 31 December 2023 is £13,022.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Claire Schouten
- Cynthia Patricia CANTERO PACHECO
- Eyasu Yimer
- James Mwangi
- Kittidej Chantangkul
- PETTER MERVYN MATTHEWS
- Patricia Rincon
- Rajiv Lall
- Rueben Lifuka
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.8m | £1.8m |
| 31/12/2023 | £1.2m | £1.0m |
| 31/12/2022 | £660k | £617k |
| 31/12/2021 | £642k | £957k |
| 31/12/2020 | £1.5m | £1.5m |
Common questions
Is THE CONSTRUCTION SECTOR TRANSPARENCY INITIATIVE financially healthy?
The accounts state that the charity reported a net income surplus of £184,405 for the year ended 31 December 2023, with total incoming resources of £1,222,941 against resources expended of £1,038,536. Per the trustees' report, unrestricted reserves stood at £13,022, while restricted funds held £215,027. The trustees confirmed the charity has sufficient resources to meet liabilities for at least twelve months, citing approved funding from the FCDO and new agreements with other partners. Its FY2023 accounts were audited by Magma Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| DILLHAVEN LIMITED | 1 | £71k |
| SHEMTOV CHARITABLE TRUST | 1 | £25k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| J & J CHARITABLE TRUST LIMITED | 1 | £17k |
| KTRUST LIMITED | 1 | £12k |
| PARKLAKE CHARITY TRUST | 1 | £5k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHESTERTON ST ANDREW | 1 | £700 |