Charity Accounts Intelreading the accounts so you don’t have to

PARABOLA FOUNDATION

Registered charity 1156008 · accounts filings on the Charity Commission register

Latest income
£448k
Latest spending
£288k
Registered
2014
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity ended the year with a net deficit of £724,664, having received £513,750 in income and spent £440,767 on charitable activities. The trustees confirm that projected resources and confirmed support from the Parabola Group are sufficient to cover liabilities and commitments for the foreseeable future, allowing the accounts to be prepared on a going concern basis.

What the accounts disclose

Reserves policy: circa 12 months' income (held: £-725k)
“The Trustees' policy is to hold circa 12 months' income as reserves.” — page 3
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/03/2024)

Total income
£956k
Total spending
£857k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£448k£288k
31/03/2024£956k£857k
31/03/2023£514k£441k
31/03/2022£500k£620k
31/03/2021£863k£621k

Common questions

Is PARABOLA FOUNDATION financially healthy?

The accounts state that the charity ended the year with a net deficit of £724,664, having received £513,750 in income and spent £440,767 on charitable activities. The trustees confirm that projected resources and confirmed support from the Parabola Group are sufficient to cover liabilities and commitments for the foreseeable future, allowing the accounts to be prepared on a going concern basis. Its FY2023 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS' STAPLEHURST.