IMAGINE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves fell to £521,924 from £968,604 in the prior year, a decrease attributed to the distribution of 10th Anniversary funding. The charity reported a net deficit of £446,680 for the year, driven by charitable expenditure of £755,341 against total income of £277,244. Despite this loss, the trustees maintain that the going concern basis is appropriate and that reserves are sufficient to meet ongoing commitments.
What the accounts disclose
“The Trustees have agreed that our investment fund should be maintained at a minimum of £500,000.”
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (11/04/2016)
Trustees
- STEVE EYREchair
- DIANE PAULA EYRE
- KERRY ANNE MCLEISH
- Kerry Louise Eyre
- PHIL STRATTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £268k | £140k |
| 31/12/2023 | £277k | £760k |
| 31/12/2022 | £507k | £272k |
| 31/12/2021 | £218k | £250k |
| 31/12/2020 | £256k | £244k |
Common questions
Is IMAGINE FOUNDATION financially healthy?
The accounts state that unrestricted reserves fell to £521,924 from £968,604 in the prior year, a decrease attributed to the distribution of 10th Anniversary funding. The charity reported a net deficit of £446,680 for the year, driven by charitable expenditure of £755,341 against total income of £277,244. Despite this loss, the trustees maintain that the going concern basis is appropriate and that reserves are sufficient to meet ongoing commitments. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FRONTLINE TRUST | 1 | £122k |
| SIR HARRY PILKINGTON FUND | 1 | £1k |