SFICE FOUNDATION
The relief of those in need and the advancement of community development in the UK, by reason of age, ill-health, disability, financial hardship or other disadvantages.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves decreased to £136,701 from £171,812 in the prior year, while the charity faces financial risks from rising costs and dependence on grant funding. The trustees have set a minimum reserves policy of £30,000, which is comfortably exceeded by the current balance. Despite the rejection of a major National Lottery grant, the charity secured alternative funding and reports no material uncertainty regarding its ability to continue operating.
What the accounts disclose
“The Trustees have set a minimum reserves level of £30,000 and this will be reviewed every 3 months.”
“We face financial risks due to increasing costs. The costs of gas and electricity, food and wages are increasing significantly due to high inflation. We also face potential financial risks from decreasing income. We are dependent on grant funding and will face severe difficulties if funding bids are unsuccessful.” — page 5
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Register events
- Received assets from another charity (09/03/2017)
Trustees
- Parminder Dhanjalchair
- Christopher James Skelly
- Tim Stonehouse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £154k | £189k |
| 31/12/2024 | £195k | £143k |
| 31/12/2023 | £137k | £87k |
| 31/12/2022 | £73k | £81k |
| 31/12/2021 | £84k | £64k |
Common questions
Is SFICE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves decreased to £136,701 from £171,812 in the prior year, while the charity faces financial risks from rising costs and dependence on grant funding. The trustees have set a minimum reserves policy of £30,000, which is comfortably exceeded by the current balance. Despite the rejection of a major National Lottery grant, the charity secured alternative funding and reports no material uncertainty regarding its ability to continue operating. Its FY2025 accounts were independently examined.
Who funds SFICE FOUNDATION?
Funders whose own accounts filings name SFICE FOUNDATION as a grant recipient include BOOTS CHARITABLE TRUST, J N DERBYSHIRE TRUST, THE CHARLES LITTLEWOOD HILL TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| BOOTS CHARITABLE TRUST | FY2025 | £10k | |
| J N DERBYSHIRE TRUST | FY2025 | £3k | |
| J N DERBYSHIRE TRUST | FY2023 | £3k | |
| THE CHARLES LITTLEWOOD HILL TRUST | FY2025 | £1k | |
| THE CHARLES LITTLEWOOD HILL TRUST | FY2024 | £0 | Welfare |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 30/04/2026 | £450k | SFiCE; Nutrition Health & Wellbeing for vulnerable people |
| The National Lottery Community Fund | 09/02/2024 | £20k | SFiCE Music Group |
| The National Lottery Community Fund | 27/04/2023 | £214k | SFiCE House |
| Crowdfunder | 04/05/2022 | £2k | Local Action Fund |
| The National Lottery Community Fund | 25/06/2021 | £10k | SFiCE Foundation - Social Cafe |
| The National Lottery Community Fund | 24/05/2019 | £89k | SFiCE Social Cafe |
| The National Lottery Community Fund | 22/02/2017 | £10k | SFiCE Foundation: Health, Education and Social Cafe |
| The National Lottery Community Fund | 20/05/2015 | £10k | SFICE Social Cafe |